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Economic Inequality

A Holiday Wish for Inclusive Financial Institutions

Terri Friedline, PhD | Posted 12.18.2014 | Money
Terri Friedline, PhD

Our mainstream financial institutions are positioned to play a critical role in providing financial inclusion to young Americans and, by extension, expanding their wealth and the wealth of future generations. The question remains: will they collectively rise to the occasion?

Pope Francis Challenges World On Exploitation And Slavery

Reuters | Philip Pullella | Posted 12.10.2014 | Religion

VATICAN CITY (Reuters) - Pope Francis called for a global mobilization to combat human trafficking and slavery on Wednesday, appealing to consumers to...

What Ferguson Says About America

Dave Pruett | Posted 12.07.2014 | Politics
Dave Pruett

One might think that, by turning Martin Luther King, Jr., into a cultural icon and electing a black president, America has bid farewell to its racist past. Recent events in Ferguson, MO, New York, and Phoenix, however, blow holes in that fantasy.

5 Ways to Lessen Inequality as Demand for Labor Decreases Worldwide

Aashish Mehta | Posted 12.07.2014 | World
Aashish Mehta

As automation replaces jobs, we may need a guaranteed minimum income for all people, regardless of employment status.

The Life and Times of Michael B

John Feffer | Posted 12.04.2014 | Politics
John Feffer

If the term "apartheid" shames the establishment into acting -- and prompts pundits to utter the word "race" when discussing inequality -- then by all means let's use the unflattering comparison. It's a fitting way of bearing witness to the life and times of Michael B and everyone else who has suffered under this abhorrent system.

Scrooge Politics: Why Low-Income Workers Must Work and Shop On Thanksgiving

C. Nicole Mason | Posted 11.25.2014 | Politics
C. Nicole Mason

For salaried workers and for most two-income households, working on Thanksgiving or Christmas is the exception, not the rule. However, for minimum wage workers and those without job security, staying home is simply not an option.

Our American Quandary: Inequality, Inadequacy and Instability

Frank Islam | Posted 11.24.2014 | Politics
Frank Islam

The lack of civic engagement and participation cedes the power to the few. The few can legislate and elect legislators whose positions are not necessarily consonant with the will or desires of the majority. In essence, it devolves the political system to one of minority rule.

Revealed: Rising Inequality Kills American Jobs

Lynn Parramore | Posted 11.21.2014 | Business
Lynn Parramore

Barry Z. Cynamon and Steven M. Fazzari are exploring how the massive debt which led to the Great Recession, the spending collapse that followed, and the stagnation that persists are all linked to income inequality. In this interview, they discuss what their findings mean for America.

A Dem Who Can Explain That Fairness Is Prosperity Will Sweep in 2016

Richard Kirsch | Posted 11.19.2014 | Politics
Richard Kirsch

The Democrat who champions bold policies to build an America that works for all of us, not just the wealthy, and policies that create broadly shared, sustainable prosperity, will triumph in 2016.

The Dark Side of Black Friday

Julie Sokolow | Posted 11.16.2014 | Politics
Julie Sokolow

Despite working full time, it's a struggle for Tristean to afford the basics such as rent, electric, and groceries. While past Walmart CEOs have made the equivalent of $16,826.92 an hour, Tristean only makes $8.60.

The Tradeoffs of Tax Dodging

Raymond C. Offenheiser | Posted 11.14.2014 | Impact
Raymond C. Offenheiser

To fund essential services and tackle global inequality, we must ensure that companies pay their fair share of taxes. A first step is to compel corporations to publicly report where they earn their profits and where they pay taxes -- so-called country-by-country reporting.

Why Democrats Lost Big in the 2014 Midterm Elections

Timothy J. Barnett | Posted 11.11.2014 | Politics
Timothy J. Barnett

Elections are moving targets. Nonetheless, absent dramatic irregularities in the election context, polls focused on high visibility races are usually robust predictive tools. Obviously, this was not the case in this year's midterm elections.

Getting Real About Extreme Inequality

Paul O'Brien | Posted 11.05.2014 | Impact
Paul O'Brien

We want to build a global conversation around ending extreme inequality, and folks are already engaging. Here are some good questions I've heard since our launch, and my take.

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 11.21.2014 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

Economic Inequality and Educational Opportunity: Are We Talking Enough About It?

Dr. Michael J. Feuer | Posted 11.03.2014 | Education
Dr. Michael J. Feuer

The problems of widening gaps in income and educational opportunity have been much on the minds (and tongues) of scholars, journalists, and some national politicians.

Why a $90 Million Condo Is Left Empty in NYC: Ridiculously Low Property Tax Rates for Luxury Properties

Nathan Newman | Posted 10.28.2014 | Business
Nathan Newman

In many communities, yearly property taxes would encourage an owner to at least rent out a unit to cover the taxes, but in NYC, property taxes on luxury condos are actually lower as a percentage of their buying price than working-class rental units.

Most Millionaires Are 'Concerned' About Inequality

CNBC | Robert Frank | Posted 10.27.2014 | Business

Most millionaires are concerned about inequality, and nearly half support a higher minimum wage and more taxes on the rich, according to a new survey.

Which Hazard Is Better Contained: Ebola or Extreme Economic Inequality?

Timothy J. Barnett | Posted 10.27.2014 | Politics
Timothy J. Barnett

Design changes in Ebola management protocols make it highly probable that the Ebola hazard in America will be successfully contained. In contrast, the hazard of wealth-concentration policies implemented by central banks is not under containment. This problem threatens the very fabric of democratic enterprise.

How Rich Are the 400 Richest Americans and How Do They Use Their Money?

Lawrence Wittner | Posted 10.27.2014 | Money
Lawrence Wittner

Not surprisingly, economic inequality is growing in the United States. From 1978 to 2013, CEO compensation, inflation-adjusted, grew by 937 percent, while the typical worker's compensation over that same period grew by only 10 percent.

Income Inequality Got You Down? Do Something About It!

Steve Siebold | Posted 10.23.2014 | Small Business
Steve Siebold

The wealthy continue to see significant income and wealth gains while the majority of people are experiencing stagnant living standards. Income inequality is one of the most significant financial stories right now, and there's no end in sight.

Ben Walsh

Economists Say We Should Tax The Rich At 90 Percent

HuffingtonPost.com | Ben Walsh | Posted 10.22.2014 | Business

America has been doing income taxes wrong for more than 50 years. All Americans, including the rich, would be better off if top tax rates went back to Eisenhower-era levels when the top federal income tax rate was 91 percent, a new paper concludes.

The Richest 1 Percent of Americans Control 40 Percent of the Nation's Awesomeness

Galanty Miller | Posted 12.15.2014 | Comedy
Galanty Miller

One day we'll all be dead. And in heaven, everyone has a shitload of money. But for now, it's important that rich people acknowledge their mental deficiency. It will make the rest of our lives much easier. Or maybe Donald Trump is just naturally dumb?

Hiding in Plain Sight: Disaggregating Data to Address the Racial Divide in Education

Ben Hecht | Posted 12.13.2014 | Impact
Ben Hecht

Changing complex education systems is no easy feat. It requires patience, humility, and a willingness to honestly and openly acknowledge "what is" in order to work towards "what could be."

WATCH: Restoring an America That Has Lost Its Way

Bill Moyers | Posted 12.14.2014 | Politics
Bill Moyers

Author Bob Herbert found an America in which jobs have disappeared, infrastructure is falling apart and the "virtuous cycle" of well-paid workers spending their wages to power the economy has been broken by greed and the gap between the very rich and everyone else.

Key Inequality Measure The Highest Since The Great Depression

The Huffington Post | Mark Gongloff | Posted 11.05.2014 | Business

You know inequality is getting bad when it's making a Swiss bank uncomfortable. The ratio of wealth to household income in the U.S., a measure of i...