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Income Inequality

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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Addressing America's Health Apartheid

Deepak Bhargava | Posted 07.18.2009 | Home

Read More: Health Care Reform, Racism, Race, Health Care, Income Inequality, Inequality, Home News
Deepak Bhargava

We have a storied history in this country of not talking about issues of race and ethnicity. The health care reform debate is proceeding no differently.

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Health Care Costs: Eroding Your Wages

The Atlantic Business Channel | By Derek Thompson | Posted 07.04.2009 | Business

Read More: Wage Growth, Health Care Costs, Income Inequality, Wages, Health Care Reform, Universal Health Care, Health Care, Healthcare, Business News

This amazing graph bouncing around the web is the most striking example of why health care reform isn't just about reforming care. It's about reformin...

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Recession Spending: Furloughs, Shrinking Incomes

nytimes.com | MICHAEL LUO | Posted 06.29.2009 | Business

Read More: Recession Impact, Income Inequality, Family Income, Financial Crisis, Working Families, Families, Work Furloughs, Recession, Business News

LINCOLN, Calif. -- The Ferrells have cut back on dance lessons for their twin daughters. Vaccinations for the family's two cats and two dogs are out. ...

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Unsure How to Vote Your Exxon Mobil, Chevron and Other Proxy Ballots?

Kim Cranston | Posted 06.19.2009 | Politics

Read More: Human Rights, CEO Pay, Lgbt, Executive Pay, Chevron, Pride Foundation, Income Inequality, News, Ed Begley Jr., Exxon Mobil, Wall Street Bailout, Global Warming, Employment Non-Discrimination, Ceres, Civil Rights, Climate Change, Shareholder Proposals, Responsible Wealth/ United for a Fair Economy, Environment, Wall Street Crisis, Wall Street, Responsible Endowments Coalition, Shareholder Resolutions, Greenhouse Gases, Say on Pay, Shareholders, Transparentdemocracy, Larry Lessig, Executive Compensation, Shareholder Rights, Proxy Ballots, Economy, Politics News
Kim Cranston

See how organizations and people you trust, like Ed Begley, Jr., Ceres, Pride Foundation, Responsible Endowments Coalition, recommend you vote and why.

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A Step Towards Equal Opportunity

Beth Shulman | Posted 06.10.2009 | Politics

Read More: Economic Opportunity, Higher Education, Education Reform, Obama Education, Income Inequality, Inequality, Politics News
Beth Shulman

If we want to live up to our promise of equal opportunity, we need to increase the size and number of Pell grants and give loan priority to those who need it most, just as President Obama is proposing.

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Income Inequality Is Increasing: Economist

economicprincipals.com | David Warsh | Posted 05.28.2009 | Business

Read More: Emmanuel Saez, U.S. Economy, U-Turn Economy, Income Inequality, Economy, Business News

Emmanuel Saez, 36, a public economics expert teaching at the University of California at Berkeley, was awarded the 2009 John Bates Clark Medal last we...

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A Mandate for Spreading the Wealth

Norman Solomon | Posted 12.07.2008 | Business

Read More: Progressive Income Tax, Joe the Plumber, John McCain, New Deal, Economy, Spread the Wealth Around, Exxon Mobil, Franklin Roosevelt, Barack Obama, Income Inequality, Business News
Norman Solomon

Barack Obama won the presidency after clearly saying that he wants to spread the wealth. Let's make him do it.

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Concentrating the Wealth, Pt. 1

Terrance Heath | Posted 11.29.2008 | Politics

Read More: Tax Cuts, Taxes, Wealth, Income Inequality, Economy, Inequality, Alan Greenspan, Politics News
Terrance Heath

Last week I ventured into the "spreading the wealth" discussion with a post attempting to unpack one aspect of why even some people who migh...

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The Washington Post Only Supports Bailouts for Robert Rubin, Not Autoworkers

Dean Baker | Posted 11.27.2008 | Business

Read More: Meet the Press, Bailout, Income Inequality, Unions, Financial Crisis, Wall Street Bailout, Washington Post, Robert Rubin, Business News
Dean Baker

The Post was near hysterical in its support of the Wall Street bailout earlier this month. Now the occasion comes to bail out the auto industry and the Post goes ballistic the other way.

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When the Bill Came Due

Vanessa Tyson | Posted 11.17.2008 | Politics

Read More: Financial Crisis, Wall Street Crisis, Income Inequality, Inequality, Economic Crisis, Politics News
Vanessa Tyson

Without a more genuine predisposition towards equality and a demonstrable path for social mobility, the legitimacy of our system becomes laughable.

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Seth Colter Walls

Potential Obama Treasury Secretary: Income Inequality A Crisis

HuffingtonPost.com | Seth Colter Walls | Posted 11.16.2008 | Politics

Read More: Spread the Wealth Around, Joe the Plumber, Larry Summers, Barack Obama, Income Inequality, Politics News

According to former Clinton Treasury Secretary Larry Summers, the shift of income inequality over the last quarter century simply dwarfs the amount of...

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Getting Wall Street Pay Reform Right

Robert Weissman | Posted 10.26.2008 | Business

Read More: CEO Pay, Wall Street Bailout, Wall Street Crisis, Wall Street, Bailout, Income Inequality, Economy, Henry Paulson, Ben Bernanke, Executive Compensation, Wall Street Bonuses, Business News
Robert Weissman

The Wall Street salary structure has helped set the standard for CEO pay across the economy, and helped establish a culture where executives consider outlandish pay packages the norm.

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Executive Pay and "The Market Economy"

Robert Weissman | Posted 10.12.2008 | Business

Read More: Tax Loophole, CEO Pay, Tax Subsidy, Income Inequality, Executive Compensation, Economy, Business News
Robert Weissman

It's pretty hard these days to justify astronomical executive pay. In 2007, the average CEO's pay of $10.5 million was 344 times higher on average than the average worker's wage.

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What Obama's Breakthrough Doesn't Mean

Philip N. Cohen | Posted 09.26.2008 | Politics

Read More: 2008 Elections, Racism, Race, Income Inequality, Management, Usain Bolt, Barack Obama, Democratic Convention, Politics News
Philip N. Cohen

The New York Times recently raised the problem that Obama's success will only encourage those who already see racism and racial inequality as a thing of the past.

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Why McCain's Wealth Matters

Jared Bernstein | Posted 09.24.2008 | Politics

Read More: Phil Gramm, Economy, John Mccain's Houses, Housing Crisis, Home Ownership, John McCain, Income Inequality, Forclosure, Mccain's Wealth, John Mccain and Wealth, Mccain's Homes, Politics News
Jared Bernstein

It's not just that McCain can't relate to have nots, it's that he doesn't really want to. He wants to pull the levers that Phil Gramm and others tell him work best, and he lacks the motivation to question whether these levers actually work.

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Poverty, Income, and Health Insurance: What to Expect and Why It Really Matters

Jared Bernstein | Posted 09.17.2008 | Politics

Read More: Recovery, Poverty, Economics, Economy, Health Insurance, Standard of Living, 2007 Census, Recession, Income Inequality, Politics News
Jared Bernstein

The mantra among economists is that as grows productivity, so shall living standards. But in the 2000s, most of the American workforce worked harder and smarter, yet ended up earning less.

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Wal-Mart and Cintas Campaign Against Pro-worker Legislation

Elana Levin | Posted 08.09.2008 | Business

Read More: Labor, Populism, Employee Free Choice Act, Income Inequality, Corporate America, Corporations, Chamber of Commerce, Organized Labor, Policy, Unions, Labor Unions, Wall Street Journal, Wal-Mart, Business News
Elana Levin

Wal-Mart and Cintas are fighting to stop legislation which would help protect workers who want to unionize.

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Driving Long Distances in Powerful Vehicles: Gas Tax vs. Industry Regulation

Emily Erikson | Posted 07.15.2008 | Politics

Read More: Regulation, Gas Prices, Income Inequality, High Gas Prices, Suvs, Economy, Gas Tax, Middle Class, Politics News
Emily Erikson

The net result of a progressive tax structure in the US has been increased social mobility, which is a more important and durable part of American culture than, for example, owning driving long distances in SUVs.

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High Flyers and Soaring Inequality

Robert Weissman | Posted 07.02.2008 | Business

Read More: CEO Pay, Wealth Inequality, Private Jets, Global Warming, Income Inequality, Business News
Robert Weissman

Soaring private jet use reflects skyrocketing wealth inequality, in the United States and globally. Also, private jet use is subsidized as well by commercial air traffic.

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Dear Ms. Maria Bartiromo: Some Basic Economics

Ben Cohen | Posted 06.25.2008 | Business

Read More: Income Tax, Capital Gains, Business, Economics, Income Inequality, Maria Bartiromo, Business News
Ben Cohen

Your warning that Obama would likely raise taxes is correct. Your warning that this would have a negative impact however, is ridiculous. You're a decent economist; you should know better.

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Economic Anxiety Hits The Campaign Trail

New York Times | JOHN M. BRODER, JEFF ZELENY | Posted 03.28.2008 | Business

Read More: Income Inequality, Economic Policies, Obama Economic Policy, Economic Anxiety, Hillary Clinton, Health Care Premiums, Barack Obama, Great Depression, Clinton Economic Policy, Business News

Senators Hillary Rodham Clinton and Barack Obama intensified their populist appeals on Monday, responding to widespread economic anxiety and pushing t...

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The Rich Are Getting Richer Faster

New York Times | DAVID CAY JOHNSTON | Posted 03.28.2008 | Business

Read More: Top 1 Percent of American, Billionaires, Wealth, Congressional Budget Office, Income Inequality, Millionaires, Business News

The increase in incomes of the top 1 percent of Americans from 2003 to 2005 exceeded the total income of the poorest 20 percent of Americans, data in ...

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IRS: Rich Keep Getting Richer

Wall Street Journal | Greg Ip | Posted 03.28.2008 | Business

Read More: Income Disparity, Wealthiest Americans, Irs, Income Inequality, Richest Americans, Business News

The richest Americans' share of national income has hit a postwar record, surpassing the highs reached in the 1990s bull market, and underlining the d...

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