The bottom 90 percent used to take home a majority of the income gains from a growing economy. Not anymore. Income gains going to top 1% in 1954-7: 5% 1975-9: 25% 2009-12: … Continue reading The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans
Inequality in America is getting worse. The gap between the “haves” and “have nots” is widening, according to the latest data out this week. The rich are money-making machines. Today, the top … Continue reading U.S. inequality keeps getting uglier
China in particular is struggling to fight a looming overcapacity problem. “China alone is housing the largest power market investment bubble the world has ever seen,” observed Lauri Myllyvirta, senior global campaigner … Continue reading As Coal Use Drops, Investors Blow Nearly $1 Trillion Globally on Unnecessary New Plants
Everyone is now making vague noises about offshore tax havens and how they should be shut down, or regulated, or something. But the plain truth is that no one really wants to … Continue reading Everyone Is Freaking Out About the Panama Papers—But the Biggest Fallout Is Yet to Come
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