Tag:
Middle Class
Latest Headlines
Latest Headlines
Class warfare rages as Occupy Wall Street protests continue
When the economic tide is lifting all ships--big yachts as well as dinghies--we don't hear much about class warfare in America. Nothing binds us like collective, albeit relative, success. As long as the vast middle class is prospering, it doesn't really care if the upper class is prospering even m
Wall Street's middle class taking a beating
Ridgewood, New Jersey is not Greenwich, Conn., but it was home to lots of mid-tier Wall Street employees. And as such, the town of 24,300 people 25 miles from Wall Street makes for a good setting for an article on the profession's turmoil in the industry by Bloomberg .
The entire town seem
Are banking executives really going to suffer?
The New York Times offers an article noting that $500,000, the new pay cap for top executives of TARP banks, isn't much. By one estimate, it takes $123,322 to live the same middle-class life in NYC as someone earning $50,000 in Houston. So the new cap is essentially like asking a Houston resid
Bailout plan passes Senate, moves to House
Is there any doubt that the bailout plan has become a political issue now? Substantively, the bailout plan that passed the Senate was really not much different from the one that was soundly rejected just days earlier by the House. But Senators had a few inducements that their House counterpart
