Categories: capitalism

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on January 15

Trip to Long Island's Gold Coast: Among the 1%, Many Variations (NY Times) The income gap: Unfair, or Are We Just Jealous? (NPR) Cost of globalization: White House Brags...

A Closer Look at the Hands that Make Apple iPads and Victoria's Secret Panties

Posted by: Dan Beucke on January 13

It's an uncomfortable fact of modern life that many iconic consumer products are built by people who could never afford to buy them. Yet there is great risk to...

The 5 Percent Solution to Paying for College

Posted by: Dan Beucke on January 12

There's an interesting post and comment stream over at Lou Lavelle's B-schools blog, about an alternative plan for funding a college education in California. The Fix UC proposal would...

Romney Attack Video Goes Places Democrats Only Dream of Going

Posted by: Dan Beucke on January 11

Ronald Reagan famously popularized the Eleventh Commandment, "thou shalt not speak ill of any fellow Republican." Now that my colleague Josh Green has obtained a copy of the highly...

Romney Gets a Lesson in Creative Destruction From GOP Rivals

Posted by: Dan Beucke on January 09

Mitt Romney knew he'd eventually come in for a beating for his role as a buyout specialist who restructured companies, sometimes chopping jobs in pursuit of a profit. He...

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on January 08

Misreading college majors: How Art History Powers the Economy (View, Postrel) Beware narcissistic CEOs: The Ego Has Landed (WSJ) 12 years to close the gap: Shrinking Job Opportunities (Hamilton...

Opportunity in America: One Campaign Fight Worth Waging

Posted by: Dan Beucke on January 05

A front-page article in today's New York Times examines the long odds of rising from the lowest rungs of American society. It's a more complex issue, of more consequence,...

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on January 02

The rich seek refuge: New Art Buyers Boost 2011 Sales to $1.7 Billion (Bloomberg) Occupy's Rose Parade float: 70-foot octopus of corporate greed (LA Times) Resolutions: Saving the New...

Sympathy for the Successful: Billionaires Bite Back

Posted by: Dan Beucke on December 21

A story from Bloomberg's Max Abelson yesterday noted the opening of a media counter-offensive by the 1 percent against what many of them believe are unwarranted attacks on wealth,...

Timely Retirements, Outrageous Bonuses, and Other Epic Executive Handouts

Posted by: Dan Beucke on December 21

Experienced financial reporters know that the best dirt on executive excess isn't found in a press release or annual report, but gets buried deep in routine reports corporations file...

China's Wealth Disparity Erupts in Wukan Protests

Posted by: Dan Beucke on December 16

The Occupy Wall Street protests in the U.S. are a delayed reaction to a bursting property bubble, which led to a jobs crisis and rising anger over financial influence...

Bonuses Dive, Stocks Tank: Goodbye Income Gap?

Posted by: Dan Beucke on December 14

2011 is ending with a clunk for Masters of the Universe. Charlie Gasparino of Fox Business just Tweeted: "Sources at BOFA's Merrill unit say execs are bracing for some...

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on December 10

Occupy campus recruiting: An Orange and Black Eye for 2 Banks (DealBook) From a rich American: Rich People Don't Create Jobs (Blodget, Business Insider) Post-grads' lament: Trapped by $50,000...

Top Income Tax Rate: How's 83% Sound?

Posted by: Dan Beucke on December 09

This should get Grover Norquist up off the couch: a paper by a prominent team of economists says the tax rate for top U.S. earners could be hiked to...

Obama: I Don't Hate the Millionaire Next Door

Posted by: Dan Beucke on December 07

Here's one way to interpret President Obama's speech yesterday in Osawatomie, Kansas: It's his attempt to tie together the loose-knit complaints of the 99% -- against wealth accumulation by the...

Tuesday Morning Wealth Watch

Posted by: Dan Beucke on December 06

Ask the birds: What makes a rogue trader? (FT, HT/The Big Picture) Hurt feelings?: It's Tone, Not Taxes, a Tycoon Tells Obama (Dealbook, NY Times) It's a Wonderful Lie:...

The Income Gap Grows -- As Does the Spouse Gap

Posted by: Dan Beucke on December 05

The gap between rich and poor is growing, and not just in the U.S. The latest report on the topic from the Organization for Economic Cooperation and Development tells...

Weekend Wealth Watch

Posted by: Dan Beucke on December 03

Jobs and 2012: Democrats, GOP Seize on Competing Narratives (NY Times) Why 8.6%=bad news: A Note on the Unemployment Rate Drop (Brad DeLong) 8% more to go: Home Prices...

Black Friday Shoppers: Not as Poor as You Thought

Posted by: Dan Beucke on December 02

The Black Friday shopper may be wealthier than we thought. A week ago, I posed the question of whether there is a class divide between those who hit the...

Friday Morning Wealth Watch

Posted by: Dan Beucke on December 02

Surprise: U.S. Jobless Rate Unexpectedly Declines to 8.6% (Bloomberg) Finding Community at OWS: All the Angry People (New Yorker) Don't say "capitalism": Teaching the GOP to talk about OWS...

Thursday Morning Wealth Watch

Posted by: Dan Beucke on December 01

Occupied on the inside: On Wall Street, Some Express Quiet Outrage (DealBook) Young Analyst To 99%: 'The Finance Industry Is A Complete Scam' (Business Insider) Forget job creators: The...

The Strangest History Of Apple Ever

Posted by: Mark Gimein on November 30

Reading Debt: The First 5,000 Years, the history of the economics and ethics of debt by David Graeber, I stumbled on one of the oddest histories of Silicon Valley...

Wednesday Morning Wealth Watch

Posted by: Dan Beucke on November 30

Occupy LA, Philly: Police Raids Clear Camps (Bloomberg) Shadow of Assange: OWS and Advantages of a Leaderless Movement (NY Magazine) Peer pressure: At Top Colleges, Anti-Wall St. Fervor Complicates...

Black Friday, Pepper Spray, and Holiday Shopping Myths

Posted by: Dan Beucke on November 25

It's now official: 2011 will go down as the Year of Pepper Spray. First, the incidents of police spraying Occupy demonstrators in New York and at UC Davis. And...

Monday Morning Wealth Watch

Posted by: Dan Beucke on November 21

Bizarro Supercommittee: A Neverending Cycle of Dysfunction (Atlantic) Goodbye, growth: The supercommittee's real failure isn't on the deficit (Klein, WashPost) Lobbyist: Banks should "undermine" Occupy protesters (MSNBC, HT/ Business...

Weekend Wealth Watch

Posted by: Dan Beucke on November 20

UC Davis, call for restraint: Too Much Violence, Pepper Spray (Atlantic) UC Davis reactions: The Moral Power of an Image (Fallows, Atlantic) The near-poor: Older, Suburban and Struggling (NY...

Friday Morning Wealth Watch

Posted by: Dan Beucke on November 18

March on Wall Street: Clashes, 240 Arrests Mark 'Day of Action' (NY Times) Going mobile: Occupy Wall Street's new tactics (NY Magazine) "The consumer is an income stream": Why...

Occupy Wall Street After 2 Months: A Scorecard

Posted by: Dan Beucke on November 17

It began on Sept. 17 with a few hundred people gathering in lower Manhattan. The protest -- against banks, moneyed influence in Washington, corporate power, and a host of...

Thursday Morning Wealth Watch

Posted by: Dan Beucke on November 17

Live coverage: Occupy Wall Street's day of action (Guardian) Subways, stock exchange: New York City Protesters on the March (Bloomberg) Dennis Gartman: God bless income disparity (FT Alphaville) Tick:...

Wednesday Morning Wealth Watch

Posted by: Dan Beucke on November 16

Now what?: Occupy Wall Street's Eviction Was a Lucky Break (Atlantic) Hold the pepper spray: After an Earlier Misstep, a Minutely Planned Raid (NY Times) Heard on the street:...

The End Of Utopia In Zuccotti Park

Posted by: Mark Gimein on November 15

Early this morning, the police moved in to clear Zuccotti Park. Whether this was the last day for tent city is still being argued in court. Mike Bloomberg, the...

About

"The Wealth Debate" is a running discussion of wealth, poverty, the economy and income inequality in the U.S. and the world. It was started shortly after the Occupy Wall Street movement sparked a global protest about the fallout from the financial crisis and money in politics. You can reach the editors, Dan Beucke and Mark Gimein, by email, or follow BloombergNow on Twitter to keep up with posts.

Analyses or commentary in this blog are the views of the author and or commentators, and do not necessarily reflect the views of Bloomberg News.

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