Jeff Posey's Blog, page 5
November 7, 2014
Income Distribution is Worse in US than in Venezuela
“Income distribution in the United States is now more unequal than in Uruguay, Nicaragua, Guyana, and Venezuela, and roughly on par with Argentina” Full Quote from Timothy Noah in The Great Divergence “[A]ccording to the Central Intelligence Agency (whose patriotism … Continue reading →
November 3, 2014
The Wealthiest 1 Percent Has 225 Times the Wealth of Most Americans
The Wealthiest 1% Has 225 Times More Wealth than the Typical American Full Citation from Joseph Stiglitz in The Price of Inequality: Meanwhile, changes in the wealth picture are even more dramatic. For the quarter century before the crisis, while … Continue reading →
October 18, 2014
American Spending: The Bottom 80% Spend 110% of Their Incomes
American Spending: The Bottom 80% Spend 110% of Their Incomes Full Citation from Joseph Stiglitz in The Price of Inequality on prison spending versus university spending by states. The Great Recession thus represented a triple whammy for many Americans: their … Continue reading →
October 15, 2014
Prison Spending Exceeds Spending on Universities in Some US States
“Some US States spend as much on their prisons as they do on their universities.” Full Citation from Joseph Stiglitz in The Price of Inequality on prison spending versus university spending by states. The U.S. incarceration rate is the world’s … Continue reading →
October 13, 2014
Half of US Single-Parent Families Live In Poverty
“In America fully 50 percent of single-parent families are in or near poverty”: Full Citation from Timothy Noah in The Great Divergence In America fully 50 percent of single-parent families are in or near poverty, compared to 44 percent in … Continue reading →
October 12, 2014
Typical Male Income Has Stagnated for Thirty Years
Typical Male Income Has Stagnated for Thirty Years: Full Citation from Joseph Stiglitz in The Price of Inequality [T]he income of a typical full-time male worker has stagnated for well over a third of a century. –Stiglitz, Joseph E. (2012-06-11). … Continue reading →
October 9, 2014
From 1980 to 2005, 80% of American Income Went to the Top 1%
“80% of American income went to the top 1%” Full Quote from Timothy Noah in The Great Divergence Yet from 1980 to 2005, 80 percent of the total increase in Americans’ income went to the top 1 percent. When you … Continue reading →
October 6, 2014
The Top 0.1% Earn in a Day and a Half what 90% Earn in One Year
“The Top 0.1% Earn in a Day and a Half” Full Quote from Joseph Stiglitz in The Price of Inequality The top 1 percent get in one week 40 percent more than the bottom fifth receive in a year; the … Continue reading →
October 3, 2014
Banks That are Too Big to Fail are Too Big to Exist
“Too Big to Fail” Full Quote from Joseph Stiglitz in The Price of Inequality [T[here emerged a broad consensus among economists and policy makers (including at least one Federal Reserve regional governor and the governor of the Bank of England, … Continue reading →
October 1, 2014
My Shoes are Squishy: Rain on a Weminuche trail
We knew this Weminuche trail well. But this time…. Dalton stopped where we always do at the first big overlook, two or three miles up Anderson Trail north of Pagosa Springs, Colorado. “You want to stop?” I asked. “No.” “You … Continue reading →
