Keyword: class
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“First, widening inequality is a very long-term trend, one that has been decades in the making. The degree of inequality we see today is primarily the result of deep structural changes in our economy that have taken place over many years, including globalization, technological progress, demographic trends, and institutional change in the labor market and elsewhere. By comparison to the influence of these long-term factors, the effects of monetary policy on inequality are almost certainly modest and transient.” That’s what Blogger Ben Bernanke (who is of course distinct from PIMCO advisor Ben and Citadel co-conspirator Ben) had to say earlier...
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Social scientists have found that by the time children enter kindergarten, there is already a large academic achievement gap between students from wealthy and poor families. We still don't know exactly why that's the case. There's a sense that it at least partly has to do with the fact that affluent mothers and fathers have more intensive parenting sytles—they're more likely to read to their kids, for instance—and have enough money to make sure their toddlers grow up well-nourished, generally cared for, and intellectually stimulated. At the same time, poor children often grow up in chaotic, food-insecure, stressful homes that...
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(CNSNews.com) - "In this town, being middle class is not viewed as a compliment -- it means you’re not sophisticated," Vice President Joe Biden told a gathering in Washington on Wednesday. He was touting the virtues of middle-class economics when he made the comment at the National Press Club. "Today, not only have we walked the long road back, but we’ve built the foundations, in my view, on which our economic futures continue to be built and that has to be a future where the middle class is dealt back into the deal, where there’s really opportunity and jobs you...
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When Barack Obama was first elected president, a number of my readers were in deep despair about American politics and the state of our culture. So I set out to compile an inventory of what is still going right with our culture, the reserves of strength we were going to have to draw on to survive the Obama era. One of my examples was Mike Rowe’s show “Dirty Jobs.” That led to some further ruminations about why people on the right tend to gravitate to shows like his, which celebrate the value of work. Rowe himself has been understandably cautious...
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I first encountered the upper middle class when I attended a big magnet high school in Manhattan that attracted a decent number of brainy, better-off kids whose parents preferred not to pay private-school tuition. Growing up in an immigrant household, I’d felt largely immune to class distinctions. Before high school, some of the kids I knew were somewhat worse off, and others were somewhat better off than most, but we generally all fell into the same lower-middle- or middle-middle-class milieu. So high school was a revelation. Status distinctions that had been entirely obscure to me came into focus. Everything about...
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Midway through the last game of the 2013 Carolina League season, after he’d swept peanut shells and mopped soda off the concourse, Ed Green lumbered upstairs to the box seats to dump the garbage. Green was already 12 hours into his workday. He rose at dawn to lay tar on the highway. As the sun sank, he switched uniforms and drove to BB&T Ballpark, where he runs the custodial crew for a minor-league baseball team. Now it was dark and his radio was crackling. It was his boss, asking him to head back downstairs. Green walked onto the first-base line...
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One day in 1967, Bob Thompson sprayed foam on a hunk of metal in a cavernous factory south of Los Angeles. And then another day, not too long after, he sat at a long wood bar with a black-and-white television hanging over it, and he watched that hunk of metal land a man on the moon. On July 20, 1969 — the day of the landing — Thompson sipped his Budweiser and thought about all the people who had ever stared at that moon. Kings and queens and Jesus Christ himself. He marveled at how when it came time to...
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Vice President Joe Biden said Wednesday that people in Washington don’t think it’s a good thing to be labeled as middle class. Speaking at the American Association of Port Authorities convention in Houston, Biden reminded attendees of his nickname, “Middle-Class Joe.” “In Washington, that’s not meant as a compliment–it means you’re not sophisticated,” Biden said.
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Race is always a hot button topic in the U.S., but rising and rampant economic inequality will likely be the issue that propels people to the voting booth. Recent events in Ferguson, Missouri and along the U.S.-Mexico border may seem to suggest that race has returned as the signature issue in American politics. We can see this already in the pages of mainstream media, with increased calls for reparations for African-Americans, and expanded amnesties for the undocumented. Increasingly, any opposition to Obama’s policies is blamed on deep-seated white racism. Yet in reality, race will not define the 2014 election, or...
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KAMLOOPS, B.C. - A 22-year-old B.C. woman is suing her ex-boyfriend to pay tuition for a class she says she failed due to distress over the breakup. Roopam Plawn, a marketing student at Thompson Rivers University in Kamloops, says in her notice of claim that she is seeking $500 for the class, $600 for anxiety, depression, insomnia and loss of working time and performance and $250 for "severe distress." She also wants Jasmeet Ahluwalia to pay court costs. Plawn says in the court document that she met the international student in September 2013, they broke up in early 2014, got...
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Ryan Baker, a director of operations for Palm Beach Tan, ushers me through the narrow, pastel hallways of one of the chain's salons in Washington, D.C. It's a tiny place, squeezed into a strip mall between a Chipotle and a beauty parlor. But in a pinch, some see it as a mini-vacation—a dose of artificial sunshine when life’s too busy, or the outside world too cloudy, for the real thing. ....................................................... And that's the next big challenge for health agencies. Despite how rapidly the warnings and taxes and regulations have beat back the sunbed industry, there’s still something a little...
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An Ohio State University (OSU) class has apparently determined another fundamental difference between Christians and atheists: their IQ points. An online quiz from the school’s Psychology 1100 class, provided to Campus Reform via tip, asked students to pick which scenario they found most likely given that “Theo has an IQ of 100 and Aine has an IQ of 125.” The correct answer? “Aine is an atheist, while Theo is a Christian.” According to a student in the class who wished to remain anonymous, the question was a part of an online homework quiz. Students were required to complete a certain...
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Unforeseen by most of us a decade ago, but predicted by many of us six years ago, the invasion of government into our lives is almost complete. The use of the IRS to not only invade your financial affairs, but to also trespass on the process of your very personal health care, appears to have become an acceptable undertaking by 40% of the population, given the continuing level of support for this Administration. This tyrannical and despotic stance is only one symptom of the disease eating at the fabric of the Republic. From the top down, the current Administration's ideological mindsets is being dispersed to affect...
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Clearly immigration was why we lost in 2012. It had nothing to do with a milquetoast Republican candidate who had been on both sides of so many issues that a good portion of Republican voters just stayed home. No, forget the moderate candidate. It was the Hispanic vote that killed us! Also, I’ve got some unicorns in my back yard I’ll be glad to sell you on the cheap.
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What defines low socioeconomic status? Objectively, it means fewer economic resources and educational opportunities, less access to elite schools and clubs, more subordinate positions in the workplace, and increased levels of stress. For the upper-class, it’s just the inverse: more resources, more leisure, less stress. ......................................................... From the realities facing each group, you might assume that members of the lower-class would be more focused on meeting their own survival needs and, thereby, prioritize their needs over those of others. As a result, you might also expect them to be less trustworthy as compared to members of the upper-class who, given...
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Just looking at the headlines about Thomas Picketty shows that something is up. The Wall Street Journal says he "Revives Marx." The New York Times calls him a "Rock Star." ...What Piketty has done, according to the official book description on Amazon, is look at the growing economic inequality and concentration of wealth. He examines data from the 1700s and forward and finds social and economic patterns that he says show what is at fault....
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For most of Canada's existence, it has been regarded as the weak neighbor to the north by most Americans. Well, that has changed dramatically over the past decade or so. Back in the year 2000, middle class Canadians were earning much less than middle class Americans, but since then there has been a dramatic shift. At this point, middle class Canadians are actually earning more than middle class Americans are. The Canadian economy has been booming thanks to a rapidly growing oil industry, and meanwhile the U.S. middle class has been steadily shrinking. If current trends continue, a whole bunch...
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Submitted by Michael Snyder of The Economic Collapse blog, The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it. Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of homeownership has declined for eight years in a row and U.S. consumers have accumulated record-setting levels of debt. Being independent is at the heart of what it means to be "middle class", and unfortunately the percentage of Americans that are able to take care of themselves without government assistance continues to decline....
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HILLSBOROUGH, N.C. – A former professor at the center of an academic scandal involving athletes at the University of North Carolina at Chapel Hill has been charged with a felony, accused of receiving $12,000 in payment for a lecture course in which he held no classes. **SNIP** Nyang'Oro, who retired in 2012, could face up to 10 months in prison if convicted. The university said it recouped the $12,000 from his final paycheck.
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BEGIN TRANSCRIPT RUSH: I sometimes wonder, and I'm sure you do, too, if the Republican Party really knows what they're up against. Let me tell you a little story here that happens to be true. I don't think the Republicans have the slightest idea. I think they are so far behind the times, in terms of where the culture is. They certainly do not know, I'm convinced, enough about their political opponents to effectively deal with 'em. Try this. This is a short little story, not a big deal. It's from CBS Eyeball News in Annapolis, Maryland. Just recently last...
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