Elon Musk and His Fellow Billionaires Are Not Superheroes

The American idealization of wealthy mavericks isn’t confined to the pages of comic books. 

#bezos-jeffrey-p, #comic-books-and-strips, #gates-bill, #high-net-worth-individuals, #income-inequality, #marvel-entertainment, #musk-elon, #philanthropy, #scott-mackenzie, #zuckerberg-mark-e

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Trumpism Without Borders

The forces that brought the former president to power are exerting pressure all over the world. 

#biden-joseph-r-jr, #coronavirus-2019-ncov, #income-inequality, #national-intelligence-estimates, #politics-and-government, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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New York Is Getting $22 Billion in Federal Aid. How Should It Be Spent?

Business leaders warn the mayor that an influx of aid could be squandered on short-term programs that won’t help the unemployed.

#american-rescue-plan-2021, #biden-joseph-r-jr, #citizens-budget-commission, #city-council-nyc, #culture-arts, #de-blasio-bill, #federal-aid-us, #garcetti-eric-m, #income-inequality, #johnson-corey, #jones-austin-jennifer, #labor-and-jobs, #lightfoot-lori, #new-york-city, #partnership-for-new-york-city, #politics-and-government, #real-estate-board-of-new-york, #small-business, #tax-policy-center, #united-states-economy

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How the Virus Unraveled Hispanic American Families

Deaths in Santa Clara County, Calif., highlight a terrible disparity of the pandemic: Covid-19 killed many Hispanic Americans at younger ages.

#age-chronological, #california, #coronavirus-2019-ncov, #deaths-fatalities, #hispanic-americans, #income-inequality, #race-and-ethnicity, #san-jose-calif, #santa-clara-county-calif, #your-feed-science

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Warren Buffett and the Myth of the ‘Good Billionaire’

There is no way to be a billionaire in America without taking advantage of a system predicated on cruelty.

#buffett-warren-e, #gates-bill, #high-net-worth-individuals, #income-inequality, #income-tax, #philanthropy, #propublica

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What the Rich Don’t Want to Admit About the Poor

Why do we leave millions of people in poverty? The answer should make us uncomfortable.

#hamilton-darrick, #income-inequality, #labor-and-jobs, #poverty, #shortages, #stimulus-economic, #unemployment-insurance, #united-states, #united-states-economy, #wages-and-salaries

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Fat Cats on a Hot Tin Roof

Pay up, Monopoly Men; freeloading isn’t cool. 

#bezos-jeffrey-p, #buffett-warren-e, #income-inequality, #income-tax, #infrastructure-public-works, #tax-evasion, #taxation, #wealth-taxx

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How Private Equity Firms Avoid Taxes

The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.

#apollo-global-management, #bain-capital, #biden-joseph-r-jr, #blackstone-group-the, #capital-gains-tax, #carlyle-group-lp, #federal-taxes-us, #government-accountability-office, #high-net-worth-individuals, #income-inequality, #income-tax, #internal-revenue-service, #kirklandellis, #kkrco-lp, #mnuchin-steven-t, #private-equity, #rettig-charles-p, #schwarzman-stephen-a, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-shelters, #tpg-capital, #treasury-department, #trump-donald-j, #united-states-politics-and-government, #whistle-blowers

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Rich Schools, Poor Schools and a Biden Plan

The way U.S. education is funded can widen disparities. A proposed $20 billion program seeks to even things out.

#biden-joseph-r-jr, #budgets-and-budgeting, #education-k-12, #federal-aid-us, #income-inequality

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Industrial Policy, Alzheimer’s, Pizza: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#alzheimers-disease, #economic-conditions-and-trends, #illegal-immigration, #immigration-and-emigration, #income-inequality, #indigenous-people, #law-and-legislation, #pizza, #politics-and-government, #united-states-politics-and-government

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FEMA Disaster Aid Often Widens Racial Disparities

The federal government often gives less help to Black disaster survivors than their white neighbors. That’s a challenge for President Biden, who has vowed to fight both inequality and climate change.

#black-people, #disasters-and-emergencies, #discrimination, #federal-emergency-management-agency, #finances, #global-warming, #greenhouse-gas-emissions, #hurricanes-and-tropical-storms, #income-inequality, #lake-charles-la, #race-and-ethnicity, #real-estate-and-housing-residential, #research, #whites

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Don’t Kill Remote Learning. Black and Brown Families Need It.

Eliminating remote learning exacerbates already-existing educational and health care inequities.

#black-people, #e-learning, #education-k-12, #income-inequality, #quarantine-life-and-culture

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After Lavish Nights of Clubbing in Bangkok, a Covid Outbreak

Thailand went for months without a single confirmed case of local transmission, but the epidemic has now radiated from nightclubs to areas where social distancing is all but impossible.

#bangkok-thailand, #bars-and-nightclubs, #coronavirus-2019-ncov, #income-inequality, #prayuth-chan-ocha, #thailand, #vaccination-and-immunization

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Michelle Wie West Was Ready to Retire. Then She Got Mad.

A golf phenom since she was 10, Michelle Wie West was ready to focus on motherhood. Rudy Giuliani’s vulgar remarks convinced her to keep fighting and playing.

#content-type-personal-profile, #giuliani-rudolph-w, #golf, #income-inequality, #ladies-professional-golf-assn, #olympic-club-san-francisco-calif, #united-states-womens-open-golf, #wie-michelle, #women-and-girls

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Americans Don’t Want to Return to Lousy Low Wage Jobs

But it’s helping people finally be picky about turning down lousy jobs.

#coronavirus-2019-ncov, #income-inequality, #labor-and-jobs, #shortages, #unemployment-insurance, #united-states-economy, #wages-and-salaries

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More Than a Third of Heat Deaths Are Tied to Climate Change, Study Says

Sweeping new research found that heat-related deaths in warm seasons were boosted by climate change by an average of 37 percent.

#deaths-fatalities, #global-warming, #greenhouse-gas-emissions, #heatstroke, #income-inequality, #nature-climate-change-journal, #research, #vicedo-cabrera-ana-maria

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Covid-19’s Impact on America Has Just Begun

Many Americans  may never fully recover from the pandemic even if they didn’t contract the coronavirus.

#alcohol-abuse, #anxiety-and-stress, #child-abuse-and-neglect, #children-and-childhood, #coronavirus-2019-ncov, #domestic-violence, #drug-abuse-and-traffic, #income-inequality, #united-states, #yamhill-ore

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Biden Banks on $3.6 Trillion Tax Hike on the Rich and Corporations

The White House is proposing substantial increases in personal income tax rates for those earning about a half-million dollars and higher tax rates on large corporations.

#biden-joseph-r-jr, #capital-gains-tax, #corporate-taxes, #federal-taxes-us, #income-inequality, #income-tax, #taxation, #united-states-economy

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Poor Americans More Likely to Have Respiratory Problems, Study Finds

Despite improvements in air quality and other advances, low-income Americans more often have asthma, lung disease and related illnesses.

#asthma, #centers-for-disease-control-and-prevention, #chronic-obstructive-pulmonary-disease, #income, #income-inequality, #lungs, #poverty, #race-and-ethnicity, #smoking-and-tobacco, #united-states, #your-feed-science

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The Disparities in Access to New York’s Parks

Low-income residents and people of color have significantly less space available to them than residents of white and wealthy areas.

#black-people, #income-inequality, #new-york-city, #parks-and-other-recreation-areas, #roller-skating, #summer-season, #trust-for-public-land

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Pakistan’s Private Vaccinations Draw Criticism

An inoculation push, plagued with limited supplies and red tape, makes doses available to those who can pay for them. In a country with a struggling economy, most can’t.

#cansino-biologics, #china-national-pharmaceutical-group-corp-sinopharm, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #hospitals, #income-inequality, #international-trade-and-world-market, #pakistan, #politics-and-government, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #vaccination-and-immunization

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Progressives Won Chile’s Election

A new Constitution allowing for broad social and economic reform will be drafted to replace the one approved during the dark days of the Pinochet dictatorship.

#chile, #constitutions, #elections, #income-inequality, #pinera-sebastian, #pinochet-ugarte-augusto

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America Is on a Road to a Better Economy. But Better for Whom?

The federal government is undertaking the largest stimulus program in American history. The payoff could be more widely shared than usual.

#coronavirus-2019-ncov, #income-inequality, #labor-and-jobs, #recession-and-depression, #stimulus-economic, #united-states-economy

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The Mogul in Search of a Kinder, Gentler Capitalism

Lynn Forester de Rothschild, founder of the Coalition for Inclusive Capitalism, believes change will come when hedge fund billionaires and Pope Francis work together.

#business-roundtable, #capitalism-theory-and-philosophy, #coalition-for-inclusive-capitalism, #content-type-personal-profile, #corporate-social-responsibility, #de-rothschild-lynn-forester, #executive-compensation, #executives-and-management-theory, #high-net-worth-individuals, #income-inequality, #ubben-jeffrey-w

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Daniel Patrick Moynihan Was Often Right. Joe Klein on Why It Still Matters.

How a politician who died in 2003 continues to dominate much of today’s political discussion.

#black-people, #books-and-literature, #income-inequality, #moynihan-daniel-patrick, #poverty, #race-and-ethnicity, #senate

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Middle-Class Pay Lost Pace. Is Washington to Blame?

A new paper by liberal economists presents evidence that policymakers helped hold down wages for four decades.

#bivens-josh, #economic-policy-institute, #economics-theory-and-philosophy, #income, #income-inequality, #labor-and-jobs, #mishel-lawrence, #productivity, #united-states-economy, #wages-and-salaries

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They Haven’t Gotten a Covid Vaccine Yet. But They Aren’t ‘Hesitant’ Either.

Much has been said about people opposed to or skeptical of coronavirus vaccines. But there’s another group that has yet to get shots, and their reasons are more complex.

#biden-joseph-r-jr, #centers-for-disease-control-and-prevention, #coronavirus-2019-ncov, #deaths-fatalities, #frieden-thomas-r, #income-inequality, #race-and-ethnicity, #vaccination-and-immunization

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Seeing the Real Faces of Silicon Valley

For many midlevel engineers and food truck workers and longtime residents, a region filled with extremes has become increasingly inhospitable.

#homeless-persons, #income-inequality, #real-estate-and-housing-residential, #silicon-valley-calif, #wages-and-salaries

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Why Trump Still Has Millions of Americans in His Grip

Many of the forces that helped bring him to power have only intensified.

#artificial-intelligence, #biden-joseph-r-jr, #democratic-party, #income-inequality, #labor-and-jobs, #presidential-election-of-2016, #presidential-election-of-2020, #presidential-election-of-2024, #race-and-ethnicity, #republican-party, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

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In Colombia, 19 Are Killed in Pandemic-Related Protests

The demonstrations over a proposed tax overhaul tied to the pandemic have morphed into a national outcry over rising poverty, unemployment and inequality.

#colombia, #coronavirus-2019-ncov, #duque-ivan, #income-inequality, #poverty

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In Colombia, 17 Dead in Pandemic-Related Protests

The demonstrations have morphed into a national outcry over rising poverty, unemployment and inequality.

#colombia, #coronavirus-2019-ncov, #duque-ivan, #income-inequality, #poverty

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How Social Class Affects Covid-Related Layoffs Worldwide

In the most egalitarian countries, poor and less educated adults were more protected from job losses.

#coronavirus-2019-ncov, #income-inequality, #labor-and-jobs, #layoffs-and-job-reductions, #poverty, #unemployment, #united-states

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Black Pound Day Aims to Support U.K. Black-Owned Businesses

Black Pound Day was created to find a sustainable way to support Black-owned businesses after the Black Lives Matter street protests faded.

#afrocenchix, #bespoke-binny, #black-lives-matter-movement, #black-people, #corson-rachael, #discrimination, #entrepreneurship, #felone-aimee, #income-inequality, #manima-natalie, #race-and-ethnicity, #round-table-books, #swiss

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The Economy Is (Almost) Back. It Will Look Different Than It Used To.

The recovery is profoundly unequal across sectors, unbalanced in ways that have big implications for businesses and workers.

#consumer-behavior, #coronavirus-2019-ncov, #durable-goods-economic-indicator, #gross-domestic-product, #income-inequality, #united-states-economy

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Biden, Calling for Big Government, Bets on a Nation Tested by Crisis

The president’s speech laying out trillions of dollars in new economic proposals plays to voters’ warm feelings toward federal aid in the coronavirus pandemic.

#american-families-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #coronavirus-2019-ncov, #corporate-taxes, #federal-taxes-us, #income-inequality, #infrastructure-public-works, #obama-barack, #polls-and-public-opinion, #recession-and-depression, #stimulus-economic, #tax-credits-deductions-and-exemptions, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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People of Color Breathe More Hazardous Air. The Sources Are Everywhere.

Researchers uncovered stark disparities between white people and minorities across thousands of categories of pollution, including trucks, industry, agriculture and even restaurants.

#air-pollution, #asian-americans, #black-people, #bullard-robert-d, #california, #census, #environmental-protection-agency, #factories-and-manufacturing, #fuel-emissions-transportation, #global-warming, #hispanic-americans, #income-inequality, #minorities, #population, #race-and-ethnicity, #research, #roads-and-traffic, #science-advances-journal, #united-states

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Biden $1.8 Trillion Plan: Child Care, Student Aid and More

The proposed American Families Plan would expand access to education and child care. It would be financed partly through higher taxes on the wealthiest Americans.

#american-families-plan-2021, #american-jobs-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #child-care, #children-and-childhood, #colleges-and-universities, #community-colleges, #education-k-12, #education-pre-school, #families-and-family-life, #federal-taxes-us, #income-inequality, #infrastructure-public-works, #labor-and-jobs, #tax-credits-deductions-and-exemptions, #united-states-economy, #united-states-politics-and-government

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‘Jackpot’ Looks at How Inequality Is Experienced by the Very, Very Rich

Michael Mechanic argues we should empathize with the topmost sliver of the 1 percent and enlist them in changing the system that allowed them their wealth.

#books-and-literature, #high-net-worth-individuals, #income-inequality, #jackpot-book, #mechanic-michael

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College Accounts at Birth: State Efforts Raise New Hopes

Creating and seeding accounts for every newborn is found to have an impact on aspirations as well as savings.

#529-savings-plans, #children-and-childhood, #colleges-and-universities, #education, #harold-alfond-foundation, #income-inequality, #maine, #oklahoma, #parenting, #savings, #seed-for-oklahoma-kids

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Why Are Democrats Pushing a Tax Cut for the Wealthy?

Restoring an unlimited federal tax deduction for state and local tax payments is bad politics and bad policy.

#federal-taxes-us, #income-inequality, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-politics-and-government

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C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic

While millions of people struggled to make ends meet, many of the companies hit hardest in 2020 showered their executives with riches.

#bezos-jeffrey-p, #boeing-company, #calhoun-david-l, #executive-compensation, #hilton-worldwide-holdings-inc, #iger-robert-a, #income-inequality, #johnson-kevin-r, #labor-and-jobs, #layoffs-and-job-reductions, #page-larry, #rittenmeyer-ronald-a, #stankey-john-t, #starbucks-corporation, #wages-and-salaries, #warren-elizabeth

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Biden’s Spending Plans Could Start to Tackle Inequality

The Biden administration is relying on Congress instead of just the Fed to fix the economy. That mix could lead to a less wealth-unequal future.

#american-rescue-plan-2021, #biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-aid-us, #federal-reserve-system, #income-inequality, #recession-and-depression, #stimulus-economic, #united-states-politics-and-government

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Why the Shinnecock Tribe Is Clashing With the Hamptons’ Elite

The Shinnecock Indian Nation views a casino on its reservation as a path out of poverty, but some wealthy neighbors are up in arms.

#casinos, #gambling, #hamptons-ny, #income-inequality, #native-americans, #new-york-state, #shinnecock-indians, #southampton-ny, #suffolk-county-ny

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Finland Is Again the World’s Happiest Country, Report Finds

Finland, for the fourth consecutive year, topped a list of countries evaluated on the well-being of their inhabitants. “Really?” Finns ask.

#european-union, #finland, #happiness, #income-inequality, #nordic-countries, #politics-and-government, #polls-and-public-opinion, #research, #united-nations, #united-states

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The ‘New Redlining’ Is Deciding Who Lives in Your Neighborhood

If you care about social justice, you have to care about zoning.

#american-jobs-plan-2021, #biden-joseph-r-jr, #black-people, #democratic-party, #discrimination, #fair-housing-act-1968, #hispanic-americans, #income-inequality, #presidential-election-of-2020, #real-estate-and-housing-residential, #united-states-politics-and-government, #whites, #zoning

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Progressive Lawmakers to Unveil Legislation on Energy and Public Housing

The proposal, billed as the Green New Deal for Public Housing Act, offers a clear policy marker for liberals as Democrats seek to influence President Biden’s $2.3 trillion infrastructure plan.

#american-jobs-plan-2021, #biden-joseph-r-jr, #congressional-progressive-caucus, #democratic-party, #energy-efficiency, #green-new-deal, #greenhouse-gas-emissions, #house-of-representatives, #income-inequality, #infrastructure-public-works, #law-and-legislation, #ocasio-cortez-alexandria, #public-and-subsidized-housing, #sanders-bernard, #schumer-charles-e, #united-states-politics-and-government

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If You Care About Social Justice, You Have to Care About Zoning

The Biden administration is off to a good start on housing, but there is much more it could be doing.

#american-jobs-plan-2021, #biden-joseph-r-jr, #black-people, #democratic-party, #discrimination, #fair-housing-act-1968, #hispanic-americans, #income-inequality, #presidential-election-of-2020, #real-estate-and-housing-residential, #united-states-politics-and-government, #whites, #zoning

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Minnesota Is One of the Best Places to Live in America. Unless You’re Black.

The state’s reputation belies some of the country’s largest racial disparities.

#black-people, #discrimination, #george-floyd-protests-2020, #income-inequality, #minneapolis-minn, #minnesota, #race-and-ethnicity, #wright-daunte-d-2021

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Covid-19 Pushes India’s Middle Class Toward Poverty

The pandemic sent 32 million people in India from the middle class last year. Now a second wave is threatening the dreams of millions more looking for a better life.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #income-inequality, #india, #labor-and-jobs, #poverty, #shutdowns-institutional, #unemployment, #wages-and-salaries

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Andrew Yang Hasn’t Done the Math

Was his economic story too good to check?

#automation, #elections-mayors, #income-inequality, #layoffs-and-job-reductions, #new-york-city, #politics-and-government, #productivity, #unemployment, #yang-andrew-1975

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