Commentary / World Oct 25, 2014
World's rapidly expanding millionaire club
Time was that "being a millionaire" was a mark of unimaginable success. Not anymore.
Time was that "being a millionaire" was a mark of unimaginable success. Not anymore.
A study by three economists concludes that economic inequality in America is becoming more gender neutral. In the early 1980s, women comprised at least 3 percent of the top 1 percent of wage earners. Now they're approaching 20 percent.
It's become a dreary ritual. Every six months, the International Monetary Fund forecasts the global economy, and cuts its previous forecast. What are the real causes of sluggishness?
Without an expanding economy as a shock absorber, will racial, ethnic, religious, generational and ideological conflicts worsen in the U.S.?
What does slow recovery from a calamitous slump look like? In the U.S., you see women's pay catching up with men's and steady gains in full-time employment. But middle-class incomes have dropped to levels of the late 1980s or early 1990s.
Americans have a peculiar prosperity. Their economy is escaping the confines of the Great Recession, but people don't feel reassured. They've lost confidence in the future.
The Obama White House and Congress are systematically reducing America's military power as if the Ukraine crisis, the expansion of the Islamic State's footprint and China's harassment of ships in disputed waters have not happened in the past year.
Is stronger consumer confidence and spending in the U.S. about to support a cycle of stronger business confidence and investment?
Most U.S. think tanks were once idea factories, but now many are message merchants.
An historian reminds Americans this Fourth of July weekend that dynamic social and economic change, poisonous politics, bad policies and flawed leaders in an "empire of contention" were all there two centuries ago.