A new Pew Research Center survey of 2,048 adults finds that about two-thirds of the public (66%) believes there are “very strong” or “strong” conflicts between the rich and the poor—an increase of 19 percentage points since 2009.
Chief executive pay has roared back after two years of stagnation and decline. America's top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.
How can the government justify charging students nearly 7 percent while it charges the banks nothing and can itself borrow for less than nothing?
Bloomberg News sorted through more than 29,000 pages of previously secret documents and Fed spreadsheets detailing more than 21,000 loans (totalling $1.2 trillion!!!) to compile a database showing which companies got the emergency liquidity, and when.
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Financial gains over the last decade in the United States have been mostly made at the "tippy-top" of the economic food chain as more people fall out of the middle class. The top 20 percent of Americans now holds 84 percent of U.S. wealth, as Paul Solman found out as part of a Making Sen$e series on economic inequality.
I hope my friends in the White House are listening. And to all the software engineers who are co-authors on patents that they aren’t proud of, or think are bogus, or were forced to create the patent by their company, or were paid a bonus by their company to write a patent on nothing, or are now working for a company that is getting sued for a patent they co-authored that they aren’t even sure what it says, speak up!
Also streaming on Netflix.
The American Ruling Class (2007) is a dramatic documentary film written by Lewis H. Lapham and directed by John Kirby that "explores our country’s most taboo topic: class, power and privilege in our nominally democratic republic."[1] It seeks to answer the question, "Does America have a ruling class?" Its producers consider it the first "dramatic-documentary-musical."[2]
