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News & Information
News & Information
January 27, 2015 Middle Class Shrinks Further as More Fall Out Instead of Climbing UpSource: NY Times
The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.
January 26, 2015 With Great Wealth Comes Great ResponsibilitySource: Forbes
According to the research, nearly 70 percent of ultra-wealthy inheritors will become more involved in evaluating the impact and results of giving. Half will become more directly involved in improving the effectiveness of...
January 19, 2015 Why extreme inequality hurts the rich
m.bbc.co.uk - And what is striking is the growing realisation - even by the extreme privileged, who are about to fly in their private jets to Davos to save the world from itself, at the annual gathering of the îWorld...
January 19, 2015 Richest 1% to own more than rest of world, Oxfam saysSource: BBC News
The wealthiest 1% will soon own more than the rest of the world's population, according to a study by anti-poverty charity Oxfam.
January 16, 2015 Do the wealthy pay lower taxes than the middle class?Source: CNBC
A new study finding an "unfair," rich-poor balance in state and local taxes has been getting big traction on the Web this week.
December 26, 2014 U.S. minimum wage hikes to affect 1,400-plus Walmart storesSource: Reuters
Minimum wage increases across the United States will prompt Wal-Mart Stores Inc (WMT.N) to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, according to an internal memo reviewed by Reuters
December 18, 2014 America's Wealth Gap at Record LevelSource: Bloomberg
The rich get richer. Everybody else, not so much. The gap between the rich and every other income group in America has reached a record level, data from the Federal Reserve shows
December 5, 2014 Minimum wage fight hits the streets of 190 U.S. cities ThursdaySource: Reuters
U.S. fast-food workers and supporters marched for higher pay in Chicago, Milwaukee and Boston on Thursday as demonstrations advocating for a $15 minimum wage and other labor rights in about 190 cities began around the United...
November 25, 2014 Hedge Funds Lose Money for Everyone, Not Just the RichSource: Bloomberg
When Douglas Kobak was an adviser at a large brokerage firm, he suggested his wealthiest clients buy a hedge fund promising to be "a very conservative alternative to bonds." Then the credit crisis hit in 2008, the fund imploded...
November 18, 2014 Extreme Wealth Is Bad for Everyone—Especially the WealthySource: New Republic
When I was fourteen I met a man with a talent for restoring a sense of fairness to a society with vast and growing inequalities in wealth. His name was Jack Kenney and he’d created a tennis camp, called Tamarack, in the mountains...
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