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Business Insider (October 5)

2020/ 10/ 07 by jd in Global News

“Pope Francis echoed Warren Buffett in blaming unfettered capitalism for rising inequality in a letter to the Catholic Church’s bishops titled Fratelli Tutti over the weekend.” The Pontiff “pointed to the pandemic’s fallout, including massive unemployment spikes around the world, as evidence that ‘not everything can be resolved by market freedom.’”

 

The Economist (January 13)

2018/ 01/ 15 by jd in Global News

“To many, India feels like the heir apparent. Its population will soon overtake its Asian rival’s. It occasionally grows at the kind of pace that propelled China to the status of economic superpower.” But there is one big snag in many marketers’ dreams: India’s middle class “scarcely exists.” Only 8 million Indian adults make $20,000 annually and “the chances of India developing a middle class to match the Middle Kingdom’s are being throttled by growing inequality.”

 

The Economist (January 14)

2017/ 01/ 14 by jd in Global News

“When education fails to keep pace with technology, the result is inequality. Without the skills to stay useful as innovations arrive, workers suffer—and if enough of them fall behind, society starts to fall apart.” Robotics and artificial intelligence now emerging “call for another education revolution.” But to succeed, the offerings will need to be lifelong and attract those who aren’t already considered high achievers.

 

Institutional Investor (January 10)

2016/ 01/ 11 by jd in Global News

“Even among those who are years from retirement, concerns about being able to retire are more widespread than worries about job loss, health care, or inequality.” Yet, during the past decade, “officials in Washington have done little except wring their hands and make speeches” on retirement insecurity. There are now indications that, however, they may finally more to address “this most widespread form of economic insecurity.”

 

Washington Post (April 30)

2015/ 05/ 01 by jd in Global News

It is misleading to compare recent U.S. riots to “the unrest that followed the verdict in the 1992 Rodney King police brutality trial…. The fact is that steep increases in income inequality and mass incarceration, as well as racial disparities in school discipline that start in preschool, mean that the prospects of young African American men are worse now than they were then.”

 

Washington Post (June 2)

2014/ 06/ 03 by jd in Global News

Thomas Piketty’s book, Capital in the Twenty-First Century, has attracted both applause and derision as it soars in popularity. Recent criticism has aimed largely at the supporting data, which suggests inequality has reached new heights. Not so, writes Robert Samuelson in the Washington Post. “Inequality isn’t as great now as in the ’20s. This is history’s real lesson. Although the debate over inequality is legitimate and important, we shouldn’t distort it with misleading and overwrought rhetoric.”

 

The Economist (April 26)

2014/ 04/ 27 by jd in Global News

With the population of those aged 65 and over nearly set to double in the next two decades, many economies seem poised for stagnation. In actuality, there are new possibilities for older workers to continue contributing to the economy. Skilled workers are already doing this, but “politicians need to convince less-skilled older voters that it is in their interests to go on working. Doing so will not be easy. But the alternative—economic stagnation and even greater inequality—is worse.”

 

New York Times (January 29, 2014)

2014/ 01/ 30 by jd in Global News

President Obama delivered his sixth annual State of the Union address to Congress. It “acknowledged the obvious: Congress has become a dead end for most of the big, muscular uses of government to redress income inequality and improve the economy for all, because of implacable Republican opposition.” The President’s determination to bypass Congress and do whatever he can to get things done without legislation is realistic: “Mr. Obama should employ every tool in his box to bypass those barriers.”

 

New York Times (December 17, 2013)

2013/ 12/ 18 by jd in Global News

With average incomes nearly tripling “over the past decade, India has reached a tipping point. “The old politics are over. The governing Indian National Congress, the centrist reference point of the nation’s democracy, seems out of touch, and with it the Gandhi dynasty. Passivity is giving way to a ferocious engagement. It is driven by anger over corruption, incompetence, inequality and inertia.” Change seems assured, but little else. “New forces and parties are emerging with unpredictable, perhaps even dangerous, consequences.”

 

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