In Wealthy City, a Marxist Mayor Wins Over Voters

Yes, this Communist politician wants to redistribute wealth, but a focus on housing, her own modest lifestyle and a hard childhood have helped her popularity.

#austria, #austrian-peoples-party, #communism-theory-and-philosophy, #content-type-personal-profile, #graz-austria, #income-inequality, #internal-sub-only, #kahr-elke, #mayors, #public-and-subsidized-housing

The Strength of Our Political Loyalties Changes Our Actual Beliefs

We are pulling apart from each other in a way that Is making the problem worse.

#black-people, #democratic-party, #income-inequality, #midterm-elections-2022, #presidential-election-of-2016, #presidential-election-of-2020, #race-and-ethnicity, #republican-party, #trump-donald-j, #united-states-economy, #whites

In an Unequal Economy, the Poor Face Inflation Now and Job Loss Later

Americans with low incomes are pulling back from buying even as their richer counterparts keep spending — with potentially big consequences.

#affordable-housing, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #high-net-worth-individuals, #income-inequality, #inflation-economics, #interest-rates, #layoffs-and-job-reductions, #personal-finances, #poverty, #renting-and-leasing-real-estate, #stimulus-economic, #united-states-economy, #wages-and-salaries

What Is It About Friendships That Is So Powerful?

They not only make you happier; they can make you richer.

#chetty-raj, #children-and-childhood, #christakis-nicholas-a, #friendship, #income-inequality, #poverty, #united-states

Private Equity Doesn’t Want You to Read This

Government must do more to clip its wings.

#carried-interest-loophole, #finances, #hedge-funds, #income-inequality, #private-equity, #sinema-kyrsten, #taxation

‘Friending Bias’

A large new study offers clues about how lower-income children can rise up the economic ladder.

#children-and-childhood, #friendship, #income-inequality, #internal-storyline-no, #research, #united-states-economy

Alabama Takes From the Poor and Gives to the Rich

How fines and fees trap people in a kind of penury from which they may never escape.

#alabama, #black-people, #courts-and-the-judiciary, #criminal-justice, #finances, #fines-penalties, #income-inequality, #local-government, #lowndes-county-ala, #montgomery-ala, #property-taxes, #states-us, #taxation, #traffic-and-parking-violations

In San Antonio, the Poor Live on Their Own Islands of Heat

Texas has been hit with an unrelenting heat wave. Nowhere is it more miserable than in low-income areas that have less access to shade and air-conditioning.

#heat-and-heat-waves, #income-inequality, #national-oceanic-and-atmospheric-administration, #poverty, #san-antonio-tex, #texas, #university-of-texas-at-austin, #urban-areas

David Brooks: I Was Wrong About Capitalism

I’ve been a socialist and a free-marketeer. But history changed before my eyes.

#capitalism-theory-and-philosophy, #income-inequality, #recession-and-depression, #russia, #united-states, #united-states-economy

There’s a Better Way to Measure Economic Inequality

Differences in wealth or income are not good gauges.

#auerbach-alan-j, #economics-theory-and-philosophy, #income, #income-inequality, #internal-sub-only-nl, #kotlikoff-laurence-j, #united-states-economy

The Shrinking of the Middle-Class Neighborhood

Americans are increasingly living in areas that are either much richer or much poorer than the regional norm.

#affordable-housing, #income, #income-inequality, #nashville-tenn, #real-estate-and-housing-residential

The Culture War That More Christians Should Be Fighting

If we don’t talk about economic justice, we are advancing an emaciated view of Christian political engagement.

#christians-and-christianity, #income-inequality, #internal-sub-only-nl, #philanthropy, #poverty

An Ode to the Queen City of the Hudson

When the snow gives way to the dog days of summer, many locals find some relief at the swimming hole on Wappinger Creek.

#colleges-and-universities, #income-inequality, #poughkeepsie-ny, #rivers

Abortion Bans Will Affect Americans Rich and Poor

The notion that rich women will be fine, regardless of what the law says, is probably comforting to some. But it is simply not true.

#abortion, #birth-control-and-family-planning, #dobbs-v-jackson-womens-health-organization-supreme-court-decision, #high-net-worth-individuals, #income-inequality, #law-and-legislation, #pregnancy-and-childbirth, #roe-v-wade-supreme-court-decision, #united-states, #women-and-girls

In Boebert’s District, as Elsewhere, Democrats Surge into G.O.P. Primary

Thousands of Democrats in Western Colorado are voting in the primary on Tuesday against Representative Lauren Boebert, part of a broader effort to defeat far-right Republicans.

#aspen-colo, #boebert-lauren, #colorado, #conservatism-us-politics, #income-inequality, #primaries-and-caucuses, #trump-donald-j, #united-states-politics-and-government

To Defeat Boebert, Some Colorado Democrats Change Their Registration

Thousands of Democrats in Western Colorado are voting in the primary on Tuesday against Representative Lauren Boebert, part of a broader effort to defeat far-right Republicans.

#aspen-colo, #boebert-lauren, #colorado, #conservatism-us-politics, #income-inequality, #midterm-elections-2022, #primaries-and-caucuses, #trump-donald-j, #united-states-politics-and-government

Juneteenth Reminds Us to Think About Economic Freedom, Not Just Legal Liberty

Who is fully free, who is partially free and who is not free at all?

#black-people, #income-inequality, #internal-sub-only-nl, #juneteenth, #labor-and-jobs, #slavery-historical

‘The Dirty Secret of Covid’: Scott Galloway on the Postpandemic Economic Turmoil

Mr. Galloway, an outspoken N.Y.U. professor, speaks with DealBook about the crypto crash and what Silicon Valley will look like on the other side.

#galloway-scott, #income-inequality, #recession-and-depression, #saturdaynewsletter

India’s Economy Is Growing Quickly. Why Can’t It Produce Enough Jobs?

The disconnect is a result of India’s uneven growth, powered and enjoyed by the country’s upper strata.

#economic-conditions-and-trends, #income-inequality, #india, #modi-narendra, #oxfam

11 Small Ways You Can Help Mend the World

Our problems can feel big and overwhelming. Here are everyday ways to be part of the solution.

#berry-wendell, #books-and-literature, #income-inequality, #internal-sub-only-nl, #poetry-and-poets, #social-media

Thomas Piketty’s Radical Plan for a More Equal World

The economist makes his case for universal inheritance, worker ownership and ‘participatory socialism.’

#audio-neutral-informative, #corporate-taxes, #economic-conditions-and-trends, #economics-theory-and-philosophy, #income-inequality, #inflation-economics, #inheritance-and-estate-taxes, #socialism-theory-and-philosophy, #taxation, #united-states-economy, #wages-and-salaries

What America Needs Is a Liberalism That Builds

You can’t transform the economy without first transforming the government.

#american-jobs-plan-2021, #biden-joseph-r-jr, #deese-brian-c-1978, #income-inequality, #infrastructure-public-works, #infrastructure-investment-and-jobs-act-2021, #labor-and-jobs, #national-economic-council-us, #niskanen-center, #united-states-economy, #united-states-politics-and-government, #wong-felicia-joy-1966

Summer Camp for All

It’s hard to imagine a more ideal escape for young people living through an extraordinary time of grief, loneliness and upheaval.

#american-camp-assn, #bank-street-college, #black-people, #children-and-childhood, #coronavirus-2019-ncov, #education-k-12, #federal-aid-us, #hispanic-americans, #income-inequality, #medicine-and-health, #mental-health-and-disorders, #minorities, #new-york-city, #parks-and-other-recreation-areas, #philanthropy, #poverty, #psychology-and-psychologists, #summer-season, #youth

Heat Waves in New York Highlight Climate Inequality

When heat waves hit, everyone suffers. But the pain will not be shared equally throughout New York City. Here, the neighborhoods where climate inequality will hurt the most.

#black-people, #global-warming, #income-inequality, #libraries-and-librarians, #new-york-public-library, #parks-and-recreation-department-nyc, #race-and-ethnicity

Colombia Election: Angry, Mobilized and Voting for Gustavo Petro

A large and loud youth electorate hungry to transform one of Latin America’s most unequal societies could propel Gustavo Petro, a former rebel, to the presidency.

#colombia, #content-type-personal-profile, #income-inequality, #international-relations, #petro-gustavo, #politics-and-government, #voting-and-voters, #youth

Musk and Bezo Show the Perils of Plutocratic Pettiness

Technology titans are missing that old adulation.

#antitrust-laws-and-competition-issues, #bezos-jeffrey-p, #electric-and-hybrid-vehicles, #ellison-lawrence-j, #fringe-groups-and-movements, #high-net-worth-individuals, #income-inequality, #musk-elon, #orban-viktor, #russian-invasion-of-ukraine-2022, #social-media, #tesla-motors-inc, #twitter

A Million Pandemic Deaths, and These Are Still Uncounted

These pandemic deaths are still uncounted.

#adventist-health-lodi-memorial-hospital, #coronavirus-2019-ncov, #deaths-fatalities, #emergency-medical-treatment, #hospitals, #income-inequality, #medicine-and-health, #respiratory-diseases

US Soccer’s Equal Pay and Bonus-Sharing Deal: How It Will Work

New contracts for the men’s and women’s national teams will usher in an era of equal pay at U.S. Soccer. Here’s how it will work.

#income-inequality, #parlow-cindy, #soccer, #united-states-soccer-federation, #united-states-womens-national-soccer-team, #womens-world-cup-soccer

Students Deserve a Student Loan Bailout

Biden’s $10,000 in relief isn’t enough.

#banking-and-financial-institutions, #biden-joseph-r-jr, #clinton-bill, #colleges-and-universities, #democratic-party, #education, #for-profit-schools, #income-inequality, #pell-grants, #student-loans, #subprime-mortgage-crisis, #tuition

Student Debt Is Crushing. Canceling It Is Still Bad Policy.

Canceling student debt won’t fix what’s wrong with higher education.

#biden-joseph-r-jr, #black-people, #colleges-and-universities, #credit-and-debt, #devos-elizabeth-1958, #economic-conditions-and-trends, #education-department-us, #for-profit-schools, #income-inequality, #student-loans, #united-states-politics-and-government

For Tens of Millions of Americans, the Good Times Are Right Now

Their houses are piggy banks, their retirement accounts are up and their bosses are eager to please. When the boom ends, everything will change.

#computers-and-the-internet, #entrepreneurship, #finances, #income-inequality, #inflation-economics, #labor-and-jobs, #real-estate-and-housing-residential, #recession-and-depression, #start-ups, #united-states-economy

Seeking Covid Pills, Poor Nations Fear Repeat of AIDS Crisis

The antiviral pills, plentiful in the United States, are scarce overseas. Health groups and the White House want to expand access but face obstacles that evoke the H.I.V. epidemic.

#acquired-immune-deficiency-syndrome, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #income-inequality, #molnupiravir-drug, #paxlovid-drug, #tests-medical, #united-states-international-relations, #world-health-organization

‘Not Good for Learning’

New research is showing the high costs of long school closures in some communities.

#coronavirus-reopenings, #e-learning, #income-inequality, #internal-storyline-no, #reading-and-writing-skills-education, #shutdowns-institutional

Ray Dalio Predicts the Future — and What He Sees Is Concerning

The billionaire hedge fund manager discusses the economic and political mechanics of a changing world order.

#audio-neutral-informative, #bridgewater-associates, #china, #dalio-raymond-1949, #income-inequality, #politics-and-government

Learning More

Why did U.S. schools make so much progress in the 1990s and early 2000s?

#brookings-institution, #economic-conditions-and-trends, #education, #income-inequality, #internal-storyline-no, #reading-and-writing-skills-education

What American Mothers Really Need

If red-state legislators truly want to limit abortions — legal and illegal — they must create conditions that give women a genuine choice.

#abortion, #birth-control-and-family-planning, #income-inequality, #mothers-day, #parenting, #pregnancy-and-childbirth, #women-and-girls

Pandemic Housing Market Creates Extraordinary Wealth

Rarely have so many Americans gained so much equity in so little time, but it’s also inseparable from the housing affordability crisis.

#families-and-family-life, #home-equity-loans, #income-inequality, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states-economy

Student Loans Don’t Need to Be Tied to False Promises

College debtors aren’t a privileged class.

#colleges-and-universities, #economics-theory-and-philosophy, #education-k-12, #income-inequality, #internal-sub-only-nl, #international-trade-and-world-market, #student-loans, #united-states-economy, #wages-and-salaries

The Pandemic Exposed Our Empathy Deficit

Hunger, trauma, violence. The pandemic exacerbated all three, and more.

#anxiety-and-stress, #biden-joseph-r-jr, #coronavirus-2019-ncov, #deaths-fatalities, #fauci-anthony-s, #income-inequality, #quarantine-life-and-culture

A Billionaires’ World

The world’s richest person didn’t like Twitter. So he’s buying it.

#computers-and-the-internet, #freedom-of-the-press, #income-inequality, #internal-storyline-no, #musk-elon, #rumors-and-misinformation, #social-media, #trump-donald-j, #twitter

French Candidates’ Economic Programs Hold Key to the Election

Promising tax cuts, higher wages and changes in the retirement age, President Macron and Marine Le Pen vie for undecided voters.

#economic-conditions-and-trends, #elections, #france, #income-inequality, #labor-and-jobs, #le-pen-marine, #macron-emmanuel-1977, #paris-france, #pensions-and-retirement-plans, #voting-and-voters

How Loathing Golf Taught Me to Confront My Own Prejudice

The game symbolized things I wanted to do but could never afford.

#easter-and-holy-week, #golf, #income-inequality

China Sets Aside Push to Spread Wealth in Pivotal Year for Xi

Xi Jinping’s rhetoric about redistributing wealth was aimed partly at drumming up public support. But it unnerved entrepreneurs and posed a drag on growth.

#china, #communist-party-of-china, #coronavirus-2019-ncov, #credit-and-debt, #davos-switzerland, #economic-conditions-and-trends, #income-inequality, #liu-he-1952, #shanghai-china, #ukraine, #xi-jinping

‘La French Tech’ Arrives Under Macron, but Proves No Panacea

The president has brought innovation, jobs and growth. Still, resentments fester on the eve of the presidential election.

#alphabet-inc, #amazon-com-inc, #computers-and-the-internet, #deepmind-technologies-ltd, #deliveroo-roofoods-ltd, #e-commerce, #economic-conditions-and-trends, #elections, #entrepreneurship, #facebook-inc, #foreign-investments, #france, #google-inc, #income-inequality, #labor-and-jobs, #le-pen-marine, #macron-emmanuel-1977, #politics-and-government, #start-ups, #unemployment, #unemployment-insurance

How Many Billionaires Are There, Anyway?

Forbes thinks there are 735 of them in America. Another count finds 927. Whatever the answer, the mystery is revealing — and the number is growing rapidly.

#bloomberg-michael-r, #gates-bill, #high-net-worth-individuals, #income-inequality, #interest-rates, #musk-elon, #politics-and-government, #presidential-election-of-2020, #soros-george, #united-states-economy

Rags-to-Riches Stories Are Actually Kind of Disturbing

From Horatio Alger and E.L. James to T. Boone Pickens and Charles Koch, books by and about the ultrawealthy reveal some of our darkest American fantasies.

#books-and-literature, #high-net-worth-individuals, #income-inequality, #koch-charles-g, #writing-and-writers

The Psychic Contortions of the Black Billionaire

Black billionaires are rare, and a disproportionate number of them are performers. What does that much wealth do to your art?

#black-people, #high-net-worth-individuals, #income-inequality, #jay-z, #music, #rap-and-hip-hop, #west-kanye, #winfrey-oprah

A Small Earthquake on Staten Island

Why a pro-union vote at Amazon may be a big deal.

#amazon-com-inc, #income-inequality, #labor-and-jobs, #organized-labor, #republican-party, #staten-island-nyc, #united-states

New York City Libraries End Late Fees, and the Treasures Roll In

The decision in New York City set off a wave of returns, accompanied by bashful notes of apology and gratitude.

#books-and-literature, #brooklyn-nyc, #income-inequality, #libraries-and-librarians, #marx-anthony-w, #new-york-city, #new-york-public-library, #prices-fares-fees-and-rates, #queens-nyc, #staten-island-nyc

New York City Libraries End Late Fees, and the Treasures Roll In

The decision in New York City set off a wave of returns, accompanied by bashful notes of apology and gratitude.

#books-and-literature, #brooklyn-nyc, #income-inequality, #libraries-and-librarians, #marx-anthony-w, #new-york-city, #new-york-public-library, #prices-fares-fees-and-rates, #queens-nyc, #staten-island-nyc