How Inequality Hurts
The Global Wealthy Ride to Our Rescue
At Davos last week, the world’s rich and powerful took a crack at problem solving. But they came up short. The main reason: They are the problem.
Have You ‘Hurd’? Greed Still Living Large
We all know about the greed and grasping at Wall Street’s failed giants. But the greed at ’successful’ companies elsewhere in America is getting a free pass.
Can a Law End Economic Inequality?
A high-ranking British Labor Party leader has just opened a bold new campaign for legislation that would obligate government, at all levels, to close the “class divide.”
The Great New Surge in CEO Self-Sacrifice
A wave of chief executive pay cuts is washing across Corporate America. So are CEOs suddenly hurting — or turning hard times into still more good times at the top of the corporate ladder?
Rough Times for the Really Smart
If you’re rich, our wealthy would have us believe, you must be smart. And if you’re really rich, then you must be even smarter. Maybe even as smart as Hank Paulson — or any other suddenly suspect top exec.
Congress Grills, Gently, America’s Hedge Fund Titans
Lawmakers do seem to understand the unfairness of an economy that lets hedge funds managers pocket billions of dollars. But they still haven’t recognized that economy’s dangerous foolishness.
The Hedge Fund Melt: Another Reason Wealth Needs Spreading
No average American has ever invested a nickel in a hedge fund. But the hedge fund industry’s ever-widening crash is likely going to leave average Americans the hardest hit. Here’s why.
Equity as an Economic Survival Strategy
To overcome the global economic meltdown all around us, this British economist reminds us, we need to go back to the future — back to becoming a society that values greater equality. A review of Super Rich: The Rise of Inequality in Britain and the United States by George Irvin.
An Environmental Take on the Financial Collapse
Who should foot the bailout bill? Those who created the mess on Wall Street? Or those who derived fabulous benefit from it? For messes environmental, we already have an answer to questions like these.
How America Caught Speculative Fever
Behind the financial industry meltdown: years of steadily increasing economic inequality.
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