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Income Inequality and the Ills Behind It - NYTimes.com - 8 views

www.nytimes.com/...nd-the-problems-behind-it.html

smithson7 aggarwal income

shared by hcps-aggarwaai on 29 Jan 15 - No Cached
  • hcps-aggarwaai on 29 Jan 15
     
    Is it time to stop obsessing about inequality? Whatever the reason, suddenly inequality seems to be not only at the top of the liberal agenda, but in the thoughts of concerned American voters. In his view, the defining challenge of our era is that workers in the bottom half of the distribution can no longer trust that their living standard will double every generation.
  • ...3 more comments...
  • hcps-jenaa on 30 Jan 15
     
    "It is not only that the accumulation of income at the apex of the pyramid of success is not the nation's main problem. There is little we can do to redress it anyway." This article focuses on the importance of inequality and the problems behind it. While some critics think that the inequality gap is just a part of society, others believe that the president or executive office should take action and make a decision to stop this.
  • hcps-senthils on 31 Jan 15
     
    "In his view, the defining challenge of our era is that workers in the bottom half of the distribution can no longer trust that their living standard will double every generation. "The right moral question is 'are poor people rising to a higher standard of living?' Inequality itself is the wrong thing to look at," he told me. The real problem is slow growth." This article talks about the growing issues and importance of income inequality. It says that the technology and globalization has split the labor market into high and low earners. But, there are far fewer jobs left in the middle to support the middle class.
  • hcps-morishesk on 02 Feb 15
     
    "There is evidence that inequality among the lower rungs of the socio-economic ladder can have deleterious consequences, stunting the ambition of the poor. But even avowedly liberal social scientists have had a tough time figuring out the negative consequences of the rise of the 1 percent." The article explains how income inequality is rapidly increasing as the margin from rich to poor is clearly visible. The top 1% of the people in America are controlling the income of the rest of the population in certain parts of the United States of America. This is happening because there is a lack of education which leads to other problems. It is always important to have a good education and be successful in life.
  • hcps-faparusae on 02 Feb 15
     
    " Inequality itself is the wrong thing to look at," he told me. The real problem is slow growth." This article talks about income inequality and why it could be important. It also talks about things other politicians, such as presidents, have said about income inequality.
  • hcps-aggarwaai on 03 Feb 15
     
    s it time to stop obsessing about inequality? Perhaps it was President Obama's speech last December, calling the nation's vast income gap "the defining challenge of our time." The American publication of the French economist Thomas Piketty's blockbuster "Capital in the Twenty-First Century" must have helped.
hcps-aggarwaai

The Central Crisis in New York Education - NYTimes.com - 2 views

www.nytimes.com/...sis-in-new-york-education.html

smithson7 aggarwal education

shared by hcps-aggarwaai on 29 Jan 15 - No Cached
  • the Legislature and Gov. Eliot Spitzer adopted a new formula that promised more help for poor districts and eventually $7 billion per year in added funding. That promise evaporated in the recession, spawning two lawsuits aimed at forcing the state to honor it.
  • A lawsuit by a group called New Yorkers for Students’ Educational Rights estimates that, despite increases in recent years, the state is still about $5.6 billion a year short of its commitment under that formula.
  • hcps-aggarwaai on 29 Jan 15
     
    the Legislature and Gov. Eliot Spitzer adopted a new formula that promised more help for poor districts and eventually $7 billion per year in added funding. That promise evaporated in the recession, spawning two lawsuits aimed at forcing the state to honor it. A lawsuit by a group called New Yorkers for Students' Educational Rights estimates that, despite increases in recent years, the state is still about $5.6 billion a year short of its commitment under that formula.
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