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hcps-joneswhmm

Reagan, Obama and Inequality - NYTimes.com - 0 views

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    "It's morning again in America" - that was a campaign slogan by President Ronald Reagan in 1984. But, in retrospect, the average American has been stuck since the Reagan era in a predawn darkness of stagnation and inequality, and we still haven't shaken it off, particularly since 2000. Inequality has increased further under President Obama." This article stated that since President Reagan, Income inequality has soared. It had increases very much under President Obama
hcps-andrewspb

Growing Up on Easy Street Has Its Own Dangers - NYTimes.com - 1 views

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    "When Thomas Gilbert Jr. was arrested on Monday and charged with killing his wealthy father with a gunshot to the head, the rubbernecking and tut-tutting began almost immediately." There had been a dispute between a son and his father over an allowance.  The dispute began after 30 year old Thomas Gilbert Jr. was upset and apparently pulled the trigger.  This might not have happened if the family was not wealthy and had a lower income.   
hcps-viersnt

Will Social Security be around when you retire? - 1 views

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    "Because people are living longer and the birth rate is low, the ratio of workers to beneficiaries is falling. Therefore, the taxes that are paid by workers will not be enough to pay the full benefit amounts scheduled." This article is about how social security may not be around when our current generation retires. The premise of the article is that there are more retired people receiving money than their are people paying the taxes to give to the retired people. This basically states that when we grow older, their will be too many retirees and less people paying for our social security which means we might not get any money from social security.
hcps-sundw

Even When Minorities Do Well in the Suburbs, Racial Inequalities Follow - Real Time Eco... - 1 views

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    "The findings suggest that even when blacks and Hispanics do better on the job front, they confront persistent racial divisions and disadvantages. That pours some cold water on hopes that suburbia-where public services are often better-is helping minorities get a leg up." In America, there are many racial barriers that can keep blacks and Hispanics from "getting a leg up. Studies have shown that even if these races will excel at their jobs, the walls and obstacles could still suppress any hopes of success in life. This is why income equality is such a significant problem in the United States (Shah).
sommohapatra

Obama's Plans for Deficit and Taxes Are Detailed on Eve of Budget Proposal - NYTimes.com - 1 views

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    "President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt. The budget - $4 trillion for the 2016 fiscal year - would hit corporations that park profits overseas, raise taxes on the richest of the rich and increase the incomes of the middle class through new spending and tax credits. Mr. Obama will challenge the newly elected Republican Congress to answer his emphasis on wage stagnation, according to congressional aides briefed on the details." This article focuses on how President Obama is constructing a 10-year budget which will increase taxes on the richest, while increasing the income of the middle class through various methods. Although this budget has lots of support, it has sparked debate on whether it might widen the gap between the rich and everyone else.
hcps-edwardsqk

Echoes of Piketty in Obama Proposal to Address Income Inequality - NYTimes.com - 0 views

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    "Concerns about income inequality lie at the heart of the proposal. As Mr. Piketty and his frequent collaborator Emmanuel Saez have shown, the increase in inequality in the United States is mostly attributable to gains by the top 1 percent, and, even more so, by the top 10 percent of the top 1 percent (those who earn more than $2 million a year)."
hcps-muralis

Obama Wants a New Tax on U.S. Companies' Overseas Profits - Bloomberg Business - 0 views

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    "(Bloomberg) -- President Barack Obama will propose that U.S.-based companies pay a minimum 19 percent tax on their future foreign earnings, capturing profits that are now often beyond the government's reach." This article is about tax and profits of oversea countries.
jontyler

Steelworkers Strike - 1 views

http://www.foxnews.com/us/2015/02/01/united-steelworkers-union-tells-members-to-go-on-strike-at-major-refineries/ "The union has been trying to negotiate a new three-year agreement that addresses ...

income Lowder2

started by jontyler on 02 Feb 15 no follow-up yet
hcps-scottift

The Simple Truth about the Gender Pay Gap (Fall 2014) : AAUW: Empowering Women Since 1881 - 0 views

  • The best place in the United States for pay equity is Washington, D.C., where women were paid 91 percent of what men were paid in 2013. At the other end of the spectrum is Louisiana, the worst state in the country for pay equity, where women were paid just 66 percent of what men were paid.
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    "The best place in the United States for pay equity is Washington, D.C., where women were paid 91 percent of what men were paid in 2013. At the other end of the spectrum is Louisiana, the worst state in the country for pay equity, where women were paid just 66 percent of what men were paid." This article is about the gap between what men and women earn. It is made by a feminist organisation but it is not biased. It shows how unfair this gap can be in some states.
hcps-pulliamem

Getting more poor kids into college won't fix income inequality - The Washington Post - 0 views

  • Some colleges have been following that guidance. The University of Chicago has been praised for its new campaign to recruit low-income students — a strategy that reduces the financial paperwork in the admissions process, and guarantees low- and middle-income students summer employment while no longer expecting them to work during the academic year. And in April, Janet Napolitano, president of the University of California system, sent letters to 5,000 high-achieving, low-income California high school students encouraging them to apply, noting that the UC schools cover tuition and fees for students whose families make less than $80,000 annually.
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    The idea of giving low-income students employment during the summer, when they aren't in school, so that they are making money but still getting an education is spreading through colleges.  This way low and middle income students are getting the education they need to be successful after college but are still making money so they won't end up in the lower class
medham

At the State of the Union, a President Outgunned in Congress Is Still Combative - NYTim... - 0 views

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    ""It's now up to us to choose who we want to be over the next 15 years, and for decades to come," he said. "Will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort?"" This article is about how President Obama is handling income and inequality issues. The sentence I tagged really portrays his stand and opinion on how if everyone makes an effort and then everyone will receive the benefits. I agree with this statement. 
hcps-lij2

Pulling people out of poverty with one-on-one help - The Washington Post - 1 views

  • I believe that the financial opportunity centers have struck on the right formula to help low-income families pull out of poverty. It’s a holistic approach to their needs. Help them train and get jobs paying a living wage. Help them access public programs that will supplement their income until they can stand on their own financial feet. And provide them with financial coaching to better manage their money.
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    Many low income people struggle with managing their money. This articles talks about how a licensed financial coach in Houston named Danita Wadley help with people's finance issues. In this particular article Wadley is helping a recovering drug addict,  McMurtry, get back on her feet. It also discusses how millions of families face a financial insecurity due to many factors, but with a financial coaching many people can get  back on track which is important to building a better economy.
hcps-mckeanjr

Introduction - 0 views

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    This article addresses the issue of income.  It has statistics and discussion of the statistics.
hcps-ravvasn

At Davos, rising income inequality worries some billionaires too - CSMonitor.com - 0 views

  • This year's gathering in the Swiss alps comes at a time when income inequality has reached its highest levels ever. An Oxfam report says that 80 people now control as much wealth as 3.5 billion people, or about half the world's population. The Oxfam report concluded that if current trends continue, the top one percent of the world's earners will own more wealth than the other 99 percent by next year.
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    This article talks about the instability of income throughout different social classes and how it can lead to poor economic growth. Additionally, it explains for why the the gap between the rich and the rest of the community will continue to increase.
hargunr

The Truth About Income Inequality - 3 views

"For it goes without saying that in a free economy, some people will always earn much more money than others, and a given person will, during some stages of his life, earn much more than in other s...

income smithson2 rekhi

started by hargunr on 01 Feb 15 no follow-up yet
hcps-clemencm1

http://www.thecommonwealthinstitute.org/wp-content/uploads/2012/05/120508_release_under... - 1 views

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    "The bottom 20 percent of households lost over three times as much in real earnings as did households at the top," says Michael Cassidy, President of The Commonwealth Institute for Fiscal Analysis, a Virginia-based independent fiscal and economic policy research organization. "As a result, income inequality in Northern Virginia has grown substantially since the start of the recession. In 2007, the top 10 percent of Northern Virginia households brought in 7.61 times the income of the bottom 10 percent. In 2010, they brought in 8.5 times as much." The article details the increasing difference between the incomes of Virginia's highest and lowest classes. The annual income of the highest 10 percent has grown almost 100% in three years, an unhealthy and irregular amount compared to the rest of the country.
hcps-judahb

Women Can't Get Equal Pay in Finance No Matter What They Do - Bloomberg Business - 0 views

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    "Women have yet to close the wage gap, even when they have similar jobs to their male counterparts. That's especially true on Wall Street. Last year, women who graduated from business school and took jobs in financial services earned an average of $21,872 less than male MBAs, according to data collected by Bloomberg Business. Drilling down into the numbers shows part of that discrepancy is explained by differences in the type of finance companies that hired women, but a gap persisted even when women worked in similar sub-sectors of finance as men. " This article discusses the wage gap between the sexes. It explains how men who work on wall street get paid over $11,000 more than the women who work on wall street and do the exact same jobs. People have been trying to close this gap for years, yet it still stands.
hcps-guptaa1

Top 10 Charts on Income Inequality and Wages - 0 views

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    "This post first appeared at Economic Policy Institute. In 2014 the pace of job growth picked up, a welcome development. Yet the economy remains far from healthy. The twin issues of income inequality and stagnant wage growth for the vast majority of Americans took center stage. Better late than never." This article explains many of the income inequality. Also explains the productivity of each class, and how much money they get as a result.
hcps-pokrywkcd

Catherine Rampell: Income inequality on GOP's radar | Opinion Columns | Columbus Ledger... - 1 views

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    ""We're facing right now a divided America when it comes to the economy. It is true that the top 1 percent are doing great under Barack Obama. Today, the top 1 percent earn a higher share of our national income than any year since 1928," he said, quoting an oft-cited (by liberals) statistic from the work of economists Piketty and Emmanuel Saez." This article is about the problems with income inequality we are facing in America.
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