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Janet Yellen Gets It On Inequality

The new Chair of the Federal Reserve gave the kind of speech that few of her predecessors would have offered. On Friday, Janet Yellen presented a thorough speech outlining the inherent problems income inequality presents to the American ideology, proving once again she is committed to using her role as Federal Reserve chair to tackle [...]

Income Inequality In Pictures

In case you thought income inequality wasn’t a problem, here are two eye-opening charts. and Now read this:Jeb: ‘What’s The Paycheck Fairness Act?’ (Oct 15, 2014) Wealthy ‘Lucas Oil’ Founder’s Facebook Rant: ‘I’m Sick And Tired of Minorities Running Our Country’ (Oct 4, 2014) Minimum Wage Increased For Federal Contractors (Oct 1, 2014) Report: Clooney [...]

It is tempting to blame capitalism for inequality. But it is not just the market that has lead us to a state where the difference between the wealthy and the rest has grown. Joseph Stiglitz explains: Ideology and interests combined nefariously. Some drew the wrong lesson from the collapse of the Soviet system. The pendulum [...]

Clue: it sure as heck is neither David nor Charles Koch! I’m not the smartest guy you’ve ever met, or the hardest-working. I was a mediocre student. I’m not technical at all—I can’t write a word of code. What sets me apart, I think, is a tolerance for risk and an intuition about what will [...]

President Obama will sign an executive order that forbids federal contractors from discriminating on the basis of gender identity or sexual preference. The executive order would expand existing rules for federal contractors that forbid discriminating on the basis of race, color, religion, sex, or national origin. There is currently no federal law that forbids anti-LGBT [...]

Judge Richard Kopf, serving on a Federal bench in Nebraska, must feel he has good advice for the little ladies. Kopf’s comments were a reaction to a Slate piece by Amanda Hess entitled “Female Lawyers Who Dress Too ‘Sexy’ Are Apparently a ‘Huge Problem’ in the Courtroom.” Judge Kopf’s piece has the more provocative title [...]

Not paying women the same as men is a form of abuse, and comparable to racial discrimination, said Jimmy Carer on MSNBC. …Carter discussed the discrimination behind the Republican refusal to support equal pay during his full interview with NBC’s Andrea Mitchell. Now read this:Wallace To Christie: ‘Should You Be So Cavalier’ About Minimum Wage? [...]

South Dakota State Senator Phil Jensen believes that the free market will result in businesses closing down if they discriminate, and so there is no need for laws about it. This, most likely, also means he’s against the Civil Rights Act of 1964. (h/t Political Wire). Jensen goes so far as to say that businesses [...]

Actually, what makes us weak is inane attitudes about women. Schlafly was reacting to the Marines delaying pull-up requirements for women. In her radio commentary on Friday, the Eagle Forum founder declared that “women in combat are a danger to themselves and also to the rest of the unit” because “lowering our strength standards sends [...]

Big News On Social Mobility

There has been a great deal of emphasis on inequality (including by this author) lately.  A new study questions some major assumptions behind the inequality debate and supports some others.  First the most significant question: The odds of moving up — or down — the income ladder in the United States have not changed appreciably [...]

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