"The rich have been getting richer for so long that the trend has come to seem almost permanent.Read the rest here.
They began to pull away from everyone else in the 1970s. By 2006, income was more concentrated at the top than it had been since the late 1920s. The recent news about resurgent Wall Street pay has seemed to suggest that not even the Great Recession could reverse the rise in income inequality.
But economists say — and data is beginning to show — that a significant change may in fact be under way. The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon."
Thursday, March 4, 2010
After a 30-Year Run, Rise of the Super-Rich Hits a Wall - NYTimes.com
After a 30-Year Run, Rise of the Super-Rich Hits a Wall - NYTimes.com
The Century of the Emerging Market
Heather Timmons and Vikas Bajaj at the New York Times in Corporate Deal Makers Head to Emerging Markets quote David Viniar, Goldman Sachs chief financial officer:
"“This will be the century” of the emerging market...."
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