Egads. We've learned that it's closer to 40% of the wealth that lies in the hands of the top 1%. This growing disparity between the uber rich and the expanding poor isn't just an inconvenience for those slipping economically backward every month. The end of the middle class may mark the beginning of the revolution.
As host of the Tonight Show, Carson helped undermine the social stereotypes and showbiz caricatures of an earlier age.
The economy grew at an impressive rate of four percent in the second quarter of this year, according to a government report released on Wednesday. But the stock market promptly tanked. The Dow lost more than 317 points Thursday and another 70 points Friday. What gives? Financial markets like it when the economy grows fast enough to signal that the recovery is continuing -- but not so fast that labor markets might tighten and workers get more bargaining power to get raises. Markets also worry that if the economy grows too fast, the Federal Reserve might pull back from its policy of low interest rates.
How unusual has the weather been? No one event is "caused" by climate change, but global warming, which is predicted to increase unusual, extreme weather, is having a daily effect on weather, worldwide.
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We can provide Americans with economic opportunity, create jobs, and expand our businesses through a bipartisan multi-year transportation bill that rebuilds our crumbling infrastructure.
Conditions are rife for a global revolution, with channels to drive one ever strengthening. All that's missing is a charismatic leader to pull the strings. History imparts that person will arrive. Pray for goodness because it could be evil.
Unless the majority of India's workers are sufficiently educated and retrained to fulfill skilled jobs, and unless more women are invited to work, Indian companies will find themselves unable to compete on the world stage or to attract foreign capital for growth. In order to address this, Prime Minister Modi can do three things.
What happened in this recovery is that we settled into trend growth before we bounced back and repaired the damage. That's why the job market in particular has taken so long to recover.
There is a dark cloud overshadowing the Bayou City because of a lawsuit pursued by the neighbors of a high rise in one of the city's most affluent neighborhoods.
With most marriages lasting a tad over twelve years presently (harboring four years of "separation" within and numerous concerted attempts at marriage counseling, marriage boot camp, marriage retreats, and reconciliation be damned), it is no wonder that marriage in the United States is on the decline
Our romance began in 2008. It was the best and the worst of times.
Other than drilling deep into the ground and burning fossilized hydrocarbons, we've invented better ways to do everything. At time when America's economic superiority is facing unprecedented challenges, are we really willing to believe that the 100-year-old way we get our energy is the best we can do?
There are many who want the government to play a rule in reducing inequality. That might be a desirable goal. However a higher priority would be to have the government stop playing a role in increasing inequality as it does with its support for the financial industry.
To assert that economists are having trouble figuring out the relationship between inflation and unemployment is like saying chefs can't figure out what to do with salt and pepper. It's that fundamental. Yet, we're befuddled, and that has powerful policy implications.
In 2014, most experts agree that we've already escaped the worst of the recent economic trouble. As the economy slowly recovers, and rough patches like joblessness and underwater mortgages become less common, the imperative to protect your credit still remains