Political Capital

Posts tagged: income inequality

Senator Elizabeth Warren, a Democrat from Massachusetts in Washington, D.C., on Jan. 9, 2014.

Photograph by Andrew Harrer/Bloomberg

Senator Elizabeth Warren, a Democrat from Massachusetts in Washington, D.C., on Jan. 9, 2014.

Warren to Piketty: ‘Hit Back’

Sen. Elizabeth Warren and best-selling author-economist Thomas Piketty – two players in the nation’s income inequality debate — took the stage in Boston last night to convey a favorite message: The system is rigged in favor of moneyed classes. “Those...

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A model of a Eurocopter EC145 helicopter on display during the Monaco Yacht Show in France.

Photograph by Balint Porneczi/Bloomberg

A model of a Eurocopter EC145 helicopter on display during the Monaco Yacht Show in France.

Toys for the Rich Did Well in 2013

If you had money in the stock market in 2013, you probably had a good year. And given that the top 1 percent of households own about 35 percent of equity and mutual funds, rich people had a very good...

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A woman walks past a homeless man as temperatures dipped into the single digits on Jan. 7, 2014 in Washington, DC.

Photograph by Mladen Antonov/AFP via Getty Images

A woman walks past a homeless man as temperatures dipped into the single digits on Jan. 7, 2014 in Washington, DC.

Americans See Income Gap Growing

Getting ahead is getting harder. That’s what a growing share of Americans say, according to a Gallup poll showing a solid majority somewhat or very dissatisfied with income and wealth disparity in the U.S. As President Barack Obama attempts to...

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Former President Bill Clinton swears in incoming New York City Mayor Bill de Blasio at City Hall on Jan. 1, 2014.

Photograph by Anthony Behar/Sipa USA/AP Photo

Former President Bill Clinton swears in incoming New York City Mayor Bill de Blasio at City Hall on Jan. 1, 2014.

Clintons: Economic Inequality 2016-Style

In the end, it’s always about Bill Clinton. Or in this case, perhaps, Hillary Clinton. As the former secretary of state, senator from New York and first lady eyes a possible — make that expected — presidential campaign in 2016,...

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Tobey Maguire, Leonardo DiCaprio, Carey Mulligan, and Joel Edgerton in "The Great Gatsby."

Photograph by Warner Bros. Pictures/Everett Collection

Tobey Maguire, Leonardo DiCaprio, Carey Mulligan, and Joel Edgerton in "The Great Gatsby."

‘Gatsby Curve:’ 1928 Deja Vu

It’s 1928 all over again. That’s the basic finding of The Great Gatsby Curve, its history explained in the BloombergBusinessweek look at income inequality — which President Barack Obama has called “the defining challenge of our time.” “Alan Krueger stuck...

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A destitute man sleeps on the sidewalk under a holiday window on Nov. 20, 2013 in New York City.

Photograph by Mark Lennihan/AP Photo

A destitute man sleeps on the sidewalk under a holiday window on Nov. 20, 2013 in New York City.

Income Gap: Partisan Divide

While President Barack Obama attempts to focus attention on income inequality, a Bloomberg National Poll reveals a partisan divide about how wide the gap is between rich and poor and just what to do about it. Asked to compare income...

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Workers perform a final inspection on Sonata and Elantra vehicles at the HyundaiMotor Manufacturing Alabama (HMMA) assembly plant in Montgomery, Alabama, on Oct. 22, 2013.

Photograph by Luke Sharrett/Bloomberg

Workers perform a final inspection on Sonata and Elantra vehicles at the HyundaiMotor Manufacturing Alabama (HMMA) assembly plant in Montgomery, Alabama, on Oct. 22, 2013.

Bloomberg by the Numbers: 34%

That’s the share of economists Bloomberg surveyed Dec. 6 who expect the Federal Reserve to begin tapering its bond-buying program later this month. That’s up from 17 percent in a Nov. 8 survey, Bloomberg’s Jeff Kearns and Catarina Saraiva reported....

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First Lady Michelle Obama speaks with two-year-old Ashtyn Gardner during the White House Christmas decorations viewing on Dec. 4, 2013.

Photograph by Jim Watson/AFP via Getty Images

First Lady Michelle Obama speaks with two-year-old Ashtyn Gardner during the White House Christmas decorations viewing on Dec. 4, 2013.

First-Dog Topiaries With Wagging Tails: Christmas at the White House

A short time after President Barack Obama delivered an Obamacare pep talk today, the White House unwrapped its 2013 holiday decorations with the theme “Gather Around.” Over 83 volunteers from around the country helped White House staff adorn 24 Christmas...

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A homeless man on a park bench in the Brooklyn borough of New York City.

Photograph by Spencer Platt/Getty Images

A homeless man on a park bench in the Brooklyn borough of New York City.

Obama: Economic Inequality ‘Defining Challenge of Our Time’

Updated at 10:51 am EST A deep problem persists nationally, the president says. That is “a dangerous and growing lack of equality and lack of upward mobility,” President Barack Obama said today. “I believe this is the defining challenge of...

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