Why Are a Record Number of Americans Living in Poverty?

A family in Detroit eats at a food kitchen (Spencer Platt/Getty Images)

The US Census Bureau is out with its annual report on poverty and incomes today and the results are striking: The number of people living in poverty in the US is at an all time high. The last time this many people were living in poverty in the US was in the late …

The Newly Insecure, Unsteady, Unsafe Middle Class

“Middle class used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the time they first started work on through retirement and until their deaths, no longer. Now, to be middle class is to worry, is to be insecure, is to face much increased odds of job loss, of …

The real victims of China’s yuan policy

Frustration in Washington is growing over China’s contorted policy on its currency, the yuan. And for good reason. A so-called “reform” of the regime introduced in June, in which Beijing finally ended a de facto two-year yuan-dollar peg and permitted its currency to “float” in a narrow band, has proven to be a big yawn. The …

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