The recent slump has been unusually painful, and the feeble recovery has been disappointing. But today’s economy seems even worse than it actually is
Wealth
Every American Is Experiencing a Different Economy
You don’t have a real economic recovery until the majority of Americans are participating — and right now they aren’t
Should All Young Americans Be Fiscal Conservatives?
Resources keep shifting to the elderly at the expense of the young, who will end up paying off a mountain of debt while their own standard of living is eroding.
Beware the Bond Bubble
Few investors in these troubled times would dream of expecting double digit returns.
Our Net Worth Is Down 39%. How Worried Should We Be?
It’s unlikely that most families will be able to make up for lost time after a 21-year period in which growth in their net worth has averaged out to less than nothing. However, some analysts are clinging to misconceptions that …
Was Nick Hanauer’s TED Talk on Income Inequality Too Rich for Rich People?
Their slogan is “ideas worth spreading.” But the folks at TED – the Technology Entertainment and Design nonprofit behind the TED Talks, beloved by geeks and others interested in novel new ideas – evidently think that some …
Romney Pal Writes an Ode to Inequality
Mitt Romney no doubt appreciates the million bucks his former Bain Capital protégé Edward Conard has donated to his election SuperPAC. He may not appreciate quite as much the shout-out he gets in the acknowledgements of …
Is Romney the Wrong Kind of Rich?
Do Americans – or at least a significant portion of them — resent success? To hear some tell it, the biggest division in the country today is between those striving for success – and those who want to tear down the …
Why We Need to Tackle the Skills Gap
I was struck this morning by two Op-Ed pieces: first, Larry Summers prescription for how to nurture the recovery in the FT, and Steven Rattner’s parsing of some new data on American inequality which found – surprise! – the …
In Twin Wins, NY Mets Owners Close Madoff Deal, 240M in Stake Sales
Forbes Billionaires List: If You Can’t Beat the .0001%, Join ‘Em
Today, Forbes Magazine will release its 262-page “World’s Billionaires” issue. The yearly release is a red-letter day for America’s business press and is accompanied by extensive coverage of how these global tycoons made …
Billionaire Rankings: Bloomberg Launches Daily List of the World’s Richest People
From batting averages to polling numbers, we live in an age of real-time data. Now, thanks to Bloomberg News, you can add billionaires’ net worth to the list of statistics you can look up day to day. Bloomberg News launched its …