Americans have an estimated 300 million privately owned hand guns and some people present this fact as the reason why no foreign power, or even our government, could ever subjugate the people. I am compelled to disagree with this notion. Once upon a time that may have been true as World War II era Japanese Admiral Yamamoto refused
The gap between America’s upper-income and middle-income families has reached its highest level on record. In 2013, the median wealth of the nation’s upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500).
Excerpted from Hand to Mouth: Living in Bootstrap America by Linda Tirado. Out now from Putnam. I once lost a whole truck over a few hundred bucks. It had been towed, and when I called the company they told me they’d need a few hundred dollars for the fee. I...
Silicon Valley, the epicenter of the tech industry, is one of the wealthiest and fastest-growing regions in the country. But the rapid development and influx of tech workers has revved up competition for housing and a growing income divide. Special correspondent Scott Shafer of KQED reports on the demolition of a notorious homeless encampment in San Jose. Continue reading →
WWII is still reshaping our economic reality. The massive global loss of life in WWII and its birth dearth during the war created a demographic hole (unusually high death / unusually low births over a 5 to 10 year period). The subsequent baby booms in the US and globally in Japan, Europe, and so many more locations which were affected by the war created a “pig in the python” moment.