Wednesday October 26, 2016
Archive - Feb 6, 2014
When Woody Allen received a Golden Globe award for lifetime achievement a few weeks ago, there was a lively debate about whether it was appropriate to honor a man who is an artistic giant but also was accused years ago of child molestation.
The 32,400 employees at Goldman Sachs averaged $383,374 each last year, the Wall Street banking giant has just disclosed.
Typical employees at Goldman, of course, didn’t take home anything near that $383,374. Bank clerks nationally only average $24,100 a year. In 2012, Goldman CEO Lloyd Blankfein took home $26 million. This means he’s making over 1,000 times that of the lowest paid Goldman Sachs employees.
Much of the substance and tone of President Barack Obama's State of the Union address this week are predictable. So is the reaction: It won't change many minds or political stands.
Rising inequality has obvious economic costs: stagnant wages despite rising productivity, rising debt that makes us more vulnerable to financial crisis. It also has big social and human costs. There is, for example, strong evidence that high inequality leads to worse health and higher mortality.
But there's more. Extreme inequality, it turns out, creates a class of people who are alarmingly detached from reality - and simultaneously gives these people great power.
College campuses, movie theaters, elementary schools and shopping malls.
Are there any safe public spaces left in America?
It feels like the spree shootings are coming more and more frequently. Unless it's in our neighborhood, we may not even click on the news alert that comes to our smartphones anymore.
The campaign for student body president at the University of North Carolina here has just begun, and there's nothing unusual in the number of candidates - five - or the fact that two are Morehead-Cain scholars, an elite designation.
The following are verbatim excerpts from emails sent by the National Rifle Association.
Sept. 12, 2013
Subject: Obama wants to ban guns, but N.R.A. is giving guns away!
Announcing N.R.A.'s "BANNED GUNS RAFFLE." Your chance to win 12 guns that Obama, Biden, Feinstein and Bloomberg want to Ban! 12 great guns - 12 chances to win! (Hurry - raffle ends October 21, 2013.)
There's a lot of giggling in Colorado, and about Colorado, these days.
Except by the state's leaders, who are like uneasy chaperones at a rowdy school dance.
"It's insane," says Sen. Michael Bennet.
"The not so Golden State" is how a recent issue of The Economist magazine tags California's business climate. It's the latest in a trove of conservative literature trying to dance around the fact that high-tax, highly regulated, bureaucratic states can be economic powerhouses. The writers deal with the "problem" by burying reality under a pile of "buts" and "howevers."