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Income Inequality

Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business

Read More: Tarp, Income Gap, White House, Executive Pay, Income Inequality, Economy, Obama, Capitalism, The Fed, Recession, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Unemployment, Bailout, Tim Geithner, 2009 Bonuses, Treasury, Banks, Bonuses, Kenneth Feinberg, Ken Feinberg, Wall Street Bonuses, Business News

Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

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John Varley Defends Bonuses: Profits Are "Not Satanic" Barclays CEO Tells London Church Crowd

Posted 11.04.2009 | Business

Read More: Lloyd Blankfein, Income Gap, Executive Pay, City Bonuses, Income Inequality, John Varley, London, Barclays, New York City, Goldman Sachs, Religion, Brian Griffiths, Christianity, Ceo, City Pay, Wall Street Bonuses, Wall Street Pay, Robert Shiller, Business News

The CEO of Britian's second-largest bank became the second of that nation's banking figures to make the case for profits in the house of god, defendin...

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New Agenda for America: Income Inequality Threatens America's Basic Economic and Political Systems

Bruce Judson | Posted 10.30.2009 | Business

Read More: Bruce Judson, Financial Meltdown, Middle Class Pain, Income Inequality, New Deal 2.0, Business News
Bruce Judson

With each job loss or foreclosure, another family -- now on a downward spiral -- potentially loses its faith in our basic economic system and our basic system of governance.

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Reclaiming "We"

Terrance Heath | Posted 10.28.2009 | Politics

Read More: Obama Working Class Whites, Birthers, Teabaggers, Poverty, The South, Southern Whites, Income Inequality, Uninsured-Rate, Economy, Progressives, Globalization, Jobs, Progressive Movement, Race, Jobless Rate, Unemployment, Uninsured, Southern States, Health Care Reform, Southerners, Healthcare Reform, Health Care, Politics News
Terrance Heath

When it comes to health care reform, the states most likely to benefit -- because they have the highest percentages of uninsured citizens -- are the source of the loudest objections to reform.

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Will Extreme Economic Inequality Lead to Terrorism? A Chilling Moment on NPR's OnPoint

Bruce Judson | Posted 10.21.2009 | Business

Read More: Npr, Job Losses, Foreclosure Crisis, Income Inequality, Bruce Judson, Economic Crisis, Business News
Bruce Judson

We are witnessing the unfolding of a chain of dangerous events associated with our collapsing middle class and increasingly two-tier economy.

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Wall Street Bonuses Vs. Normal Wages: A Disturbing Trend (CHART, VIDEO)

Huffington Post | Marcus Baram | Posted 10.21.2009 | Business

Read More: Chart, Income Inequality, Emmanuel Saez, Compensation, Wall Street Pay, Wall Street Bonuses, Bank Bonuses, Tolerate the Inequality, Brian Griffiths, Business News

It may be hard to believe but there was a time, almost 25 years ago, when Wall Street and Main Street weren't so far apart -- at least when it came to...

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Will Obama Save America From Capitalism?

David A. Love | Posted 10.15.2009 | Politics

Read More: Wall Street Bailout, Capitalism: A Love Story, Wall Street Crisis, Capitalism, Michael Moore, Economic Stimulus Package, Economic Crisis, Business News, Financial Crisis, Timothy Geithner, Tarp, Elizabeth Warren, Joseph Stiglitz, Citibank, Paul Krugman, Simon Johnson, Plutonomy, Bill Moyers, Citigroup, Income Inequality, Larry Summers, Wealth, Consumer Protection, Banking Crisis, Banks, Bank Bailout, Foreclosure, Health Care, Mortgage Crisis, Politics News
David A. Love

American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.

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Why Our Jobs Crisis From Hell Could Last Decades

Les Leopold | Posted 10.08.2009 | Business

Read More: JP Morgan Chase, Goldman Sachs, Unemployment, Bailout, Income Inequality, Economic Crisis, Bank of America, Financial Crisis, Protectionism, China, Bruce Springsteen, Business News
Les Leopold

Remarkably, the America of 2010 is exporting raw materials and importing high tech renewable energy products. And this is happening less than 100 miles from Redmond, the home of Microsoft.

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The Color of Health Care Reform

Deepak Bhargava | Posted 10.07.2009 | Politics

Read More: Latinos, Health Care Reform, African-Americans, Income Inequality, Inequality, Politics News
Deepak Bhargava

Suffice it to say that if Congress fails to deliver the public option that a majority of Americans want, it's communities of color that have the most to lose.

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Income Inequality Needs To be Addressed Now: Financial Times

ft.com | Matthew Slaughter | Posted 10.07.2009 | Business

Read More: Unemployment, Financial TImes, Economy, Income Gap, Income Inequality, Recession, Business News

The financial crisis spurred many policymakers around the world to meet challenges with bold, creative, non-partisan solutions. As the crisis and rece...

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The Forbes 400 Shows Why Our Nation Is Falling Apart

Les Leopold | Posted 10.01.2009 | Business

Read More: Wealth, Wall Street, Income Inequality, Economic Crisis, Financial Crisis, Higher Education, Health Care, Global Warming, Eisenhower, Forbes 400, Middle Class, Dwight D. Eisenhower, Billionaires, Forbes, Tax Breaks, Forbes 400 Richest Americans, Business News
Les Leopold

Collectively, the Forbes 400 have $1.57 trillion in wealth. It's hard to get your mind around a number like that. So let's imagine that it was available for the public good. What does $1.57 trillion buy?

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New Income Inequality Data: Surprising and Frightening

Bruce Judson | Posted 09.30.2009 | Business

Read More: Financial Crisis, Politics, Income-Inequality, Business, Wall Street Journal, Business News
Bruce Judson

The new inequality data suggests that the potential problems for the nation associated with the concentration of wealth and power are even more severe than previously recognized.

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Income Inequality Widens, Poor Take Big Hit During Recession

AP | HOPE YEN | Posted 09.29.2009 | Business

Read More: Income Distribution, Census, Income Gap, Income Inequality, Economy, Recession, Business News

WASHINGTON — The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans ...

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Income Inequality: How The Wall Street Journal Got It Wrong

businessinsider.com | Bruce Judson | Posted 09.15.2009 | Business

Read More: Wealthy, Income Inequality, Middle Class, Bruce Judson, Economic Inequality, Rich, Wall Street Journal, Business News

For anyone with even a passing familiarity with issues associated with economic inequality, The Wall Street Journal front page story last week was sho...

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Monopoly With Liberty and Social Justice For All?

D. Brad Wright | Posted 11.11.2009 | Politics

Read More: Politics, Philosophy, Liberty, Social Justice, Income Inequality, Equality of Opportunity, Health Care Reform, Monopoly, Equal Opportunity, Health Care, Civil Rights, Politics News
D. Brad Wright

Is the path from opportunity to outcomes guided by a set of rules that can be considered fair?

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Top 1 Percent Of Americans Reaped Two-Thirds Of Recent Income Gains

Center on Budget and Policy Priorities | Avi Feller and Chad Stone | Posted 11.09.2009 | Business

Read More: Emmanuel Saez, Income Concentration, Thomas Piketty, Irs, Wealth, National Bureau of Economic Research, Income Inequality, Business News

Two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger s...

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Does the Ivy League Turn You Into a Moron? Walter Kirn Critiques Princeton in "Lost in the Meritocracy"

Anis Shivani | Posted 10.23.2009 | Politics

Read More: Ivory Tower, Deconstruction, Postmodernism, Aphasia, Derrida, Ivy League, Mormonism, Lost in the Meritocracy, Intellectuals, Meritocracy, Yale, Harvard, Walter Kirn, Education, Keasbey Scholarship, Wall Street, High Schools, Princeton, Western Canon, Competition for Ivy League, Rhodes Scholarship, Theory, Schools, Academia, Education Reform, Higher Education, Public Education, Henry Louis Gates, Henry Louis Gates Arrested, Postmodern Theory, Learning, Elite, Oxford University, Class, Oxford, Minnesota, Ruling Elite, Income Inequality, Great Books, Classics, Humanities, Politics News
Anis Shivani

Walter Kirn, author of the novels Up in the Air and Mission to America, has written the most enticing recent indictment of education in this country.

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Women's Equality Day: Some Things You Should Know

Luis R. Burgos, Jr. | Posted 09.26.2009 | Politics

Read More: Equality, Women, Women's Rights, Women's Suffrage, Women's Issues, Income Inequality, Women's Equality Day, Politics News
Luis R. Burgos, Jr.

While the 19th Amendment to the Constitution that granted women's suffrage seems like ancient history (it became law in 1920), we actually still have a long way to go.

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30% Unemployment, Pre-Recession: Immigrant Communities Need Real Recovery

Seth Freed Wessler | Posted 09.25.2009 | Politics

Read More: American Recovery and Reinvestment Act, Chinatown, ARRA 2009, Unemployment, Unemployment Rate, Income Inequality, People of Color, Structural Racism, Community Organizer, Racism, Economic Recovery, Immigrants, Racial Disparities, Inequity, Safety Net, Recession, Politics News
Seth Freed Wessler

For communities of color, 'recovery' can be a vapid term. People of color consistently face rates of unemployment higher than what whites experience in the worst recessions.

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The Super-Rich Are Getting Poorer

New York Times | DAVID LEONHARDT and GERALDINE FABRIKANT | Posted 09.20.2009 | Business

Read More: Super-Rich, Rich, Rich Getting Poor, Income Inequality, Business News

The rich have been getting richer for so long that the trend has come to seem almost permanent. They began to pull away from everyone else in the 1...

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Income Inequality: Can We Tax Our Way Out of Trouble?

Alan Schram | Posted 09.16.2009 | Business

Read More: Business News, Taxes, Financial Crisis, National Debt, Federal Budget Deficit, Income Inequality, Dollar, Business News
Alan Schram

The top 1% of incomes in the country paid 40% of all personal income tax in 2007. You might think this is fair, and maybe it is. However, higher taxes on the top income will spawn a different problem.

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Income Inequality Is At An All-Time High: STUDY

Posted 09.14.2009 | Business

Read More: Income Growth, Income Inequality, Middle Class Income, Emmanuel Saez, Income Disparity, Paul Krugman, Us Income Inequality, Business News

Income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression, according to a recently update...

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Talking about Personal Finances -- the Final Taboo?

Tanene Allison | Posted 09.06.2009 | Business

Read More: 401(K), Social Justice, Economics, Income Inequality, Money, Retirement, Working Women, Saving Money, Personal Finance, Recession, Equal Pay, Business News
Tanene Allison

Over the last forty years, we have turned a lot that was once taboo into less taboo conversation topics. And yet, it is still rare to hear open conversations about financial details.

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The Only Thing We Have to Fear Is Fear ... of Government

Les Leopold | Posted 08.07.2009 | Business

Read More: Tarp, Economic Stimulus Package, Unemployment, Government Bailout, Wall Street, Income Inequality, Economy, Financial Crisis, Jobs, Joe Biden, Bank Bailout, Barack Obama, Business News
Les Leopold

If we all weren't so afraid of big, bad government, we'd realize the obvious: expanding the public sector is the most efficient way both to create jobs and stimulate the economy.

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Fear and Looting in America: Is President Obama a Financial Wimp?

Les Leopold | Posted 07.25.2009 | Business

Read More: Congress, TARP Money, Income Inequality, Economic Crisis, Larry Summers, Franklin Roosevelt, Housing Crisis, Barack Obama, Gambling, Unemployment, Wall Street, Bailout, Joe the Plumber, Financial Crisis, Timothy Geithner, Paul Krugman, Socialism, Great Depression, Business News
Les Leopold

We cannot thrive or even survive in an economy that only moves money around instead of producing tangible goods and services.

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