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Chrystia Freeland: The rise of the new global super-rich

Chrystia Freeland: The rise of the new global super-rich

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In Climbing Income Ladder, Location Matters ATLANTA – Stacey Calvin spends almost as much time commuting to her job — on a bus, two trains and another bus — as she does working part-time at a day care center. She knows exactly where to board the train and which stairwells to use at the stations so that she has the best chance of getting to work on time in the morning and making it home to greet her three children after school. “It’s a science you just have to perfect over time,” said Ms. Calvin, 37. Her nearly four-hour round-trip stems largely from the economic geography of Atlanta, which is one of America’s most affluent metropolitan areas yet also one of the most physically divided by income. About the Living Wage Calculator The Living Wage Calculator, Community Economic Toolbox, and Poverty in America websites were developed by Dr. Amy K. Glasmeier and implemented by West Arete. Eric Schultheis, a doctoral student in the Department of Urban Studies at MIT, collected, processed, and aggregated the site’s data.

Finnish Education Chief: 'We Created a School System Based on Equality' - Christine Gross-Loh Finnish education often seems paradoxical to outside observers because it appears to break a lot of the rules we take for granted. Finnish children don’t begin school until age 7. They have more recess, shorter school hours than many U.S. children do (nearly 300 fewer hours per year in elementary school), and the lightest homework load of any industrialized nation. There are no gifted programs, almost no private schools, and no high-stakes national standardized tests. Yet over the past decade Finland has consistently performed among the top nations on the Programme for International Student Assessment (PISA), a standardized test given to 15-year olds in 65 nations and territories around the world. Finland’s school children didn’t always excel.

Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich September 23, 2013 | Like this article? Join our email list: Stay up to date with the latest headlines via email. The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans Economic expansions are supposed to be the good times, the periods in which incomes and living standards improve. And that’s still true, at least for some of us. But who benefits from rising incomes in an expansion has changed drastically over the last 60 years. Pavlina R. Swiss Activists: Let’s Cap CEO Pay Swiss voters struck down an initiative to limit CEO pay to no more than twelve times the lowest-paid worker. (Courtesy of 1:12 Initiative) Not all that many generations ago, the idea of an income floor for working Americans—a minimum wage—seemed impractically utopian. Today we have mandated state and national minimum wages, and the vast majority of Americans want these minimums kept at meaningful levels, as voters made clear most recently in New Jersey. But what about the notion of a “maximum wage,” a ceiling on the income any one individual can grab from the marketplace? Could a wage maximum ever become as central to our sense of social decency as a wage minimum?

train-working-memory What is Working Memory? Can it Be Trained? By: Dr. Pascale Michelon The U.S. Has The Worst Income Inequality In The Developed World, Thanks To Wall Street: Study Hey, who says America is in decline? The U.S. is still more awesome than the rest of the world at making at least one thing. And that thing is income inequality. A new paper by economists Facundo Alvaredo, Anthony B.

Poor kids who do everything right don’t do better than rich kids who do everything wrong Source: Data from Richard Reeves and Isabel Sawhill Not a day seems to go by where we're not reminded that inequality is growing in America. But it's not just outcomes that matter; it's opportunity. Economic Prosperity and Economic Democracy: The Worker Co-Op Solution Published on January 12, 2014 This article originally appeared at (Image: Workers building via Shutterstock) Workers' self-directed enterprises (WSDEs) are a response to capitalism's failure to deliver economic prosperity and socialism's failure to deliver economic democracy. Among factors impeding formation of an organized, politically effective new left in the United States are deep frustrations among activists interested in doing that.

This Guys Digitally Recreates His Dreams Every morning after waking up, one reddit user tries to digitally recreate the dream he had the night before. Here are some of his favorites: See more at Truth Seeker Daily Higher social class predicts increased unethical behavior Author Affiliations Edited* by Richard E. Nisbett, University of Michigan, Ann Arbor, MI, and approved January 26, 2012 (received for review November 8, 2011) 17 Things We Learned About Income Inequality in 2014 The Atlantic's Business editors break down the year's most divisive economic conversation. Lucas Jackson/Reuters Earnings growth for the richest Americans has been outpacing the income growth of the lower and middle classes since the 1970s, according to the Center on Budget and Policy Priorities's analysis of data from the Congressional Budget Office. That means that income inequality is not a new concept.

New Economy Working Group For some thirty years we have been engaged as a nation and a species in a reckless social engineering experiment to test the claims of an extremist economic ideology known as market fundamentalism that advocates laissez-faire market freedom. According to this ideology society is nothing more than a collection of individuals and the public good is nothing more than the aggregation of their individual desires as best expressed through their market choices and their pursuit of the financial means to support those choices. The public interest is therefore best served when we each seek to maximize our individual financial gain in markets unrestrained by regulation and all assets are for sale to the highest bidder. [See What's Your Story?]