Category Archives: CurrentEvents

58% of Real Income Growth Since 1976 Went to Top 1% and Why That Matters « naked capitalism

Um… Of every dollar of real income growth that was generated between 1976 and 2007, 58 cents went to the top 1 per cent of households. via 58% of Real Income Growth Since 1976 Went to Top 1% and Why That Matters « naked capitalism.

Redditor Posts Dissertation on Causes of the Great Recession

Exactly. The demonstrative effect here can not be understated. When economists mention the CRA, they aren’t saying Carter caused the collapse in 2008, or whatever party loyalists hear when they see that. The CRA is instantly dismissed as unimportant, as 1977 was a long time ago, and this couldn’t have happened because of just that.Continue reading “Redditor Posts Dissertation on Causes of the Great Recession”

Barefoot Bandit arrested in the Bahamas

This guy’s my hero. Colton Harris-Moore, 19, who was given his nickname after allegedly leaving shoeless prints at a series of crime scenes in the US, was arrested in the Bahamas. Police claim that he crash-landed in the archipelago a week ago after stealing an aeroplane in the US and making a 1,000-mile flight. TheyContinue reading “Barefoot Bandit arrested in the Bahamas”