Darwin on Today's Economy

 Business, Congress, Corruption, Featured, Places, Politics, Presidency, Society, Tampa  Comments Off on Darwin on Today's Economy
Apr 102008
 

Reuters has a report from The Center on Budget and Policy Priorities and Economic Policy Institute showing that, “Since the late 1990’s average incomes have declined 2.5 percent for families on the bottom fifth of the country’s economic ladder, while incomes have increased 9.1 percent for families on the top fifth.” The report goes on to say that middle class hasn’t fared very well either, as income for the middle class has grown only 1.3 percent in nearly eight years.

“The report’s bottom line is that since the late 1980’s income gaps widened in 37 states and have not narrowed in any states,” said Jared Bernstein, one of the report’s authors. “In fact, we’ve found that the trend toward growing inequality has accelerated during this decade.” Continue reading »

Darwin on Today’s Economy

 Deep Thoughts  Comments Off on Darwin on Today’s Economy
Apr 102008
 
This entry is part of 4 in the series Deep Thoughts

Reuters has a report from The Center on Budget and Policy Priorities and Economic Policy Institute showing that, “Since the late 1990’s average incomes have declined 2.5 percent for families on the bottom fifth of the country’s economic ladder, while incomes have increased 9.1 percent for families on the top fifth.” The report goes on to say that middle class hasn’t fared very well either, as income for the middle class has grown only 1.3 percent in nearly eight years.

“The report’s bottom line is that since the late 1980’s income gaps widened in 37 states and have not narrowed in any states,” said Jared Bernstein, one of the report’s authors. “In fact, we’ve found that the trend toward growing inequality has accelerated during this decade.” Continue reading »

Important Events in the World Yesterday … Nero Fiddles

 Congress, Constitution, Gay Issues, Politics, Presidency, Religion, Right Wingnuts, Society  Comments Off on Important Events in the World Yesterday … Nero Fiddles
Jun 062006
 

Here are a few of the major events that happened in our world yesterday.

Mass kidnappings in Iraq:

Gunmen in police uniforms staged a brazen daylight raid on bus stations in central Baghdad on Monday, kidnapping at least 50 people, including travelers, merchants and vendors selling tea and sandwiches.

The operation was a direct challenge to Prime Minister Nouri al-Maliki’s efforts to restore security in the capital, which has been hard hit by suicide attacks, roadside bombs and sectarian death squads.

The usual mayhem in Iraq:

At least 17 killings were reported across the country Monday, including a Shiite school guard and two Sunni brothers who were shot to death as they were driving to college in the capital. Iraqi police found the blindfolded and bound body of a man who had been shot in the head and chest and another body that had been shot in the head in separate locations in Baghdad.

The Dow dropped almost 200 points on inflation fears:

On Wall Street, Bernanke’s fresh inflation warning sent the Dow Jones industrials sliding 199.15 points to close at 11,048.72. It had dropped even more, 214 points, two weeks ago on May 17.

Islamic militants prevail against our allies in Somalia:

After months of fierce fighting, Islamic militias declared Monday that they had taken control of Somalia’s capital, Mogadishu, defeating the warlords widely believed to be backed by the United States and raising questions about whether the country would head down an extremist path.

Katrina residents still can’t come home:

Hundreds of displaced residents of public housing have for several days been returning here for the first time since Hurricane Katrina.

Displaced residents in the tents are trying to force the city to reopen their storm-damaged apartments. They are armed with little more than cleaning supplies and frustration, in an effort to force the city to reopen their storm-damaged apartments.

The city, saying the projects are not ready, has refused.

As Chris posted yesterday morning, oil prices rose again: $73.23.

And oh, let’s don’t forget the President and Congress spent yesterday talking about inserting themselves into the private lives of citizens, by working to enshrine discrimination into the Constitution. That’s what our leaders were focused on yesterday.

…while Rome burns.