Nick Hanauer: Inequality is bad for the rich

Check out this quite compelling TED talk from Nick Hanauer, an entrepreneur, investor, capitalist, and self-described plutocrat. Hanauer is a billionaire, but makes the case that trickle-down economics and rising inequality are especially bad for the rich. One claim he makes: Some inequality is necessary for a high-functioning capitalist democracy. The problem is that inequality is at historic highs today and it’s getting worse every day. And … Continue reading Nick Hanauer: Inequality is bad for the rich

How much do you need to make in LA to afford the average apartment?

Answer: $33/hour, at least And a home? According to a new report from KPCC: The median home price in Los Angeles is $570,500, according to the real estate website, Trulia.com. But consider that the median income in Los Angeles is about half that: $49,497, according to census numbers from 2009-2013. So it’s no surprise that Los Angeles has been rated as the most unaffordable city to rent … Continue reading How much do you need to make in LA to afford the average apartment?

Thomas Friedman Interview on BBC Radio 3

On a recent episode of the always-interesting BBC Radio 3 Arts & Ideas Podcast, Philip Dodd spoke with Thomas Friedman about his new book “That Used to Be Us: How America Fell Behind in the World It Invented and How We Can Come Back“. While I don’t usually agree with Friedman, I did find this interview interesting–Dodd challenges Friedman and engages him in constructive argument … Continue reading Thomas Friedman Interview on BBC Radio 3

America’s Deficit and the Debt Ceiling

The United States–its citizens and lawmakers–need to pay careful attention to the effects of our near-term actions. The outcome of not raising the debt ceiling is uncertain–nobody really knows what will happen. But the press is ablaze with information:   The Economist does a nice job of summing up the status of government debt >> Link: America’s deficit: A brief word about the budget deal | The … Continue reading America’s Deficit and the Debt Ceiling

Obstacles facing the European Union

NPR’s Morning Edition concluded a series on the European Union this morning with a fantastic overview of the challenges facing the future of the EU: financial, political, and–most importantly–cultural. I found Rob Gifford’s piece the most digestible, concise, and on-point summary of the issue I’ve heard in the media. >> Listen to piece, and read more from NPR: In Europe, Obstacles To A More Perfect … Continue reading Obstacles facing the European Union