12-20-2024, 10:04 PM
Aczw Rep. Ros-Lehtinen, first Cuban-American in Congress, to retire
Editor Note: Thomas Piketty acknowledges that some level of inequality is necessary. But what we have in America today when the bottom 50 percent of the population owns only 2 percent of the national wealth is bad for economic growth and democracy. It wasnt always this way, he explains in his best- stanley cup selling book, Capital in the Twenty-First Century, the subject of our Making Sen$e segment Monday and a debate on the NewsHour Tuesday. In fact, the United States had a wealthy middle class much earlier than Europe ever did, in part, because America invented progressive taxation and lat stanley cup er tried to spread it to the rest of the world. Pikettys inequality theory is based on a formula he calls R > G, meaning that the return on capital wealth exceeds the rate of economic growth. That was the case in 19th century Europe, and its increasingly the case in c stanley cup ontemporary America, where wealth concentration is greater than ever before. We dont need extreme wealth disparity to grow, and as Piketty argues, wed all have a better shot at moving up in society without it. In this extended conversation with Paul Solman, edited and condensed for clarity, Piketty explains why the United States can do better on inequality without going all the way to Socialism. Simone Pathe, Making Sen$e EditorThomas Piketty: Its easier, in a way, for my generation to re-open the fight of inequality and capitalist dynamics than it was at the time of the Cold War, when people w Tilt Evangelicals Rally for Pathway to Citizenship and Immigration Reform
Among the major topics to be discussed at the ann air max 1 ual Group of Eight Summit in Gleneagles, Scotland: climate change and the threat of global warming and increased economic aid to poor nations in Africa.British Prime Minister Tony Blair, who will host the conference, has described global warming as probably the most serious threat we face. He has urged G8 leaders to come to an agreement on ways to take action.The Kyoto Protocol, an agreement signed by the major industrial nations to slow global warming, is the premier international treaty guiding emissions regulations. The United States is the only G-8 nation that has not ratified the treaty.In an interview on British television Monday, President Bush reiterated his stance against the treaty and expressed hopes that summit leaders would find other solutions.My hope is and I think the hope of Tony Blair is to move beyond the Kyoto debate and to collaborate on new technologies that will enable the United States and other countries to diversify away from fossil fuels so that the air will be cleaner and that we have the economic and national security that comes from less dependence on foreign sources of oil, he said.Though the president called climate change 8 stanley cup 220;a significant, long-term issue that we ;ve got to deal with, he said the Kyoto agreement could harm the U.S. economy.I think you can adidas campus grow your economy and at the same time do a better job of harnessing greenh
Editor Note: Thomas Piketty acknowledges that some level of inequality is necessary. But what we have in America today when the bottom 50 percent of the population owns only 2 percent of the national wealth is bad for economic growth and democracy. It wasnt always this way, he explains in his best- stanley cup selling book, Capital in the Twenty-First Century, the subject of our Making Sen$e segment Monday and a debate on the NewsHour Tuesday. In fact, the United States had a wealthy middle class much earlier than Europe ever did, in part, because America invented progressive taxation and lat stanley cup er tried to spread it to the rest of the world. Pikettys inequality theory is based on a formula he calls R > G, meaning that the return on capital wealth exceeds the rate of economic growth. That was the case in 19th century Europe, and its increasingly the case in c stanley cup ontemporary America, where wealth concentration is greater than ever before. We dont need extreme wealth disparity to grow, and as Piketty argues, wed all have a better shot at moving up in society without it. In this extended conversation with Paul Solman, edited and condensed for clarity, Piketty explains why the United States can do better on inequality without going all the way to Socialism. Simone Pathe, Making Sen$e EditorThomas Piketty: Its easier, in a way, for my generation to re-open the fight of inequality and capitalist dynamics than it was at the time of the Cold War, when people w Tilt Evangelicals Rally for Pathway to Citizenship and Immigration Reform
Among the major topics to be discussed at the ann air max 1 ual Group of Eight Summit in Gleneagles, Scotland: climate change and the threat of global warming and increased economic aid to poor nations in Africa.British Prime Minister Tony Blair, who will host the conference, has described global warming as probably the most serious threat we face. He has urged G8 leaders to come to an agreement on ways to take action.The Kyoto Protocol, an agreement signed by the major industrial nations to slow global warming, is the premier international treaty guiding emissions regulations. The United States is the only G-8 nation that has not ratified the treaty.In an interview on British television Monday, President Bush reiterated his stance against the treaty and expressed hopes that summit leaders would find other solutions.My hope is and I think the hope of Tony Blair is to move beyond the Kyoto debate and to collaborate on new technologies that will enable the United States and other countries to diversify away from fossil fuels so that the air will be cleaner and that we have the economic and national security that comes from less dependence on foreign sources of oil, he said.Though the president called climate change 8 stanley cup 220;a significant, long-term issue that we ;ve got to deal with, he said the Kyoto agreement could harm the U.S. economy.I think you can adidas campus grow your economy and at the same time do a better job of harnessing greenh