The richest 10% own 70% of the country’s wealth

The rich are becoming even more obscenely rich. A new chart from Deutsche Bank Securities’ Chief Economist Torsten Slok shows how the richest 10% of households in America own 70% of all the wealth. While household net worth has grown overall from $1.17 trillion in the...

Pols keep giving corporate tax dodgers a free pass

… “I’m really concerned that if any of any these tax cuts for overseas corporate profits go ahead we’re really burning our bridges to the future,” says Sarah Anderson, director of the Global Economy Project at the Institute for Policy...

‘House of Cards’ falls on Walmart

… There’s nothing new about criticizing Walmart for underpaying employees or ‘double-dipping’ on food stamps, and I’m sure that episode was taped before Walmart announced plans to raise pay for its entry level workers. But the line about...