9:33 AM, Aug 9, 2015 • By DANIEL HALPER
Last night in Seattle, Washington, Democratic presidential candidate Bernie Sanders spoke to a crowd of 15,000 strong. Sanders spoke about income inequality.
Sanders shared the crowd count last night on Twitter. "15,000 came out tonight and stood up to say, 'this country belongs to all of us, not just the billionaire class.'"
Gleanings & observations.10:34 AM, Jun 10, 2015 • By IRWIN M. STELZER
Watching the NBA playoffs one cannot but be upset at the rampant inequality that the league tolerates. LeBron James constitutes less than 10 percent of the number of players on the Cleveland Cavaliers, but scores about 40 percent of the team’s points. Think what this does to the self-esteem of the other players. Think how it distorts the distribution of the team’s total payroll. Something must be done to end this inequality, to bring equality to basketball.
11:36 AM, Apr 14, 2015 • By DANIEL HALPER
En route to Iowa, Hillary Clinton's motorcade pulled over yesterday at an Ohio Chipotle for lunch. She grabbed a chicken burrito bowl with guacamole, but didn't even bother to introduce herself to any of the potential 2016 voters, instead preferring to go incognito in sunglasses.
But interestingly, Chipotle has been tied to one of her family's outfits, the Clinton Global Initiative.
4:29 PM, Apr 13, 2015 • By MATTHEW SCHOENFELD
Federal Reserve Chair Janet Yellen has devoted time of late to discussing the significant problem of inequality. At a conference on April 2nd, Ms. Yellen urged that research be undertaken “to understand whether any policies may hold people back or discourage upward mobility.” Perhaps such research might start at the doorstep of the Federal Reserve because the Fed’s sustained policy of near-zero interest rates has increased inequality, as well as made it more difficult for the middle class to climb the economic ladder.
4:57 PM, Jul 5, 2014 • By GEOFFREY NORMAN
The president and his party are reworking the message. Envy is out – or to be downplayed, anyway – and optimism is in. They tried “wealth inequality,” and it didn’t resonate. Now, as Zachary A.
Zero interest rates have side effects.Feb 17, 2014, Vol. 19, No. 22 • By CHARLES WOLF
Income inequality in the United States has been increasing for a generation. The share of pretax income received by the top 1 percent of earners rose from 7.8 percent in 1973 to 17.4 percent in 2010. A broader and widely used measure of inequality—the Gini coefficient—indicates that inequality for the entire range of income recipients rather than only the top 1 percent has risen by 26 percent since the early 1970s.
Let’s redistribute power, not income.Feb 10, 2014, Vol. 19, No. 21 • By JAY COST
Barack Obama’s latest State of the Union address was a dreary, tiresome affair—which, to be fair, could be said of most such addresses by most modern presidents. The only real surprise was how he soft-pedaled the problem of inequality. Pre-speech hype had promised this would be the centerpiece theme, and it’s certainly one that has been a hobbyhorse of his Democratic party since its founding. But perhaps, on deeper reflection, we should not be so surprised that the word itself was only mentioned once.
A blogger has another view.1:56 PM, Aug 4, 2010 • By MATTHEW CONTINETTI
Recently the FT's Ed Luce spent some time with families in Minnesota and Virginia and concluded that we're pretty much done for. The American Dream, Luce says, has become "America's Fitful Reverie." His article is worth reading in full; in fact, it's the best summary of the decline argument that I've read.
Of course, whether or not Luce is right is another question entirely.
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