economics

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 …

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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 …

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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 …

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