The world's ultra rich, those 103,000 deep pockets with at least $30 million to invest, could afford to pay off the entire national debt of the world's biggest deadbeat nations without having to sacrifice a single Rolls or Bentley.
Federal agencies are now preparing new regulations for enforcing the Dodd-Frank banker pay reforms enacted last summer. These new regs, says the AFL-CIO, need to prohibit the 'incentive' that's still stuffing bankers with billions.
The American middle class, concludes a new study from the ad industry’s top trade journal, has essentially become irrelevant. In a deeply unequal America, if you’re over 35 and your income hasn’t yet topped $200,000 a year, you don’t matter.
America's super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam.
Financial industry analysts are going ga-ga over the soaring cohorts of mega rich in China and India. But researchers at one influential global financial consulting group are calculating that the U.S. millionaire share of world millionaire wealth will actually increase over the next decade.
Real policy wonks bore people. The phony wonk from Wisconsin now driving Congress seduces, with a patter that leaves our wealthy almost completely disappeared.
Why do Swedes and citizens of other relatively equal nations take their lives at a higher rate than residents of more unequal nations? Four investigators have tapped a wealth of newly available data to help make sense out of a paradox that has dogged the research on economic disparities for decades.
America's top bankers and CEOs don't have any more talent than millions of other Americans. They do have, two timely new data dumps remind us, plenty of generous friends in pivotal places.
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