In some ways, Blackstone CEO and co-founder Stephen Schwarzman is like most of the folks who go to work at a Wall Street financial services firm. His annual salary — $350,000 — hasn't changed since Blackstone went public in 2007. The tale of flat salaries is one that’s all too familiar for Wall Street's professionals these days. Show More Summary
Last week, two sixth-grade classes in Ipswich, Massachusetts, sent what we lawyers lovingly term a “strongly worded letter” to U.S. Secretary of Education Arne Duncan demanding that he and/or major testing companies compensate them for the time they spent trying out a proposed new standardized test. Show More Summary
When Dems control the White House, the middle class wins. And under Republicans? Not so much...
Inequality is rising and the American middle class is shrinking. But nowhere is it shrinking faster than in Wisconsin: In 2000, 54.6 percent of Wisconsin families fell into the middle class category but that has fallen to 48.9 percent in 2013, according to U.S. Show More Summary
T he dictionary defines folk art as work "produced typically in cultural isolation by untrained often anonymous artists or by artisans of varying degrees of skill and marked by such attributes as highly decorative design, bright bold...Show More Summary
(Steven Hayward) We recently spent two hours conversing with the great historian Fred Siegel, author of several fine books, including most recently The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class (coming out soon in paperback with additional material). Show More Summary
New Artist Model - Music Business and Music Management School For the most part commentary on the music industry tends to be a lot of doom and gloom. We compare where we are now to business models of the past and we’re constantly looking for a saving model or holy grail for the new music industry. Show More Summary
Falcao can still score after all. The Colombian's form has middled in the Premier League, as opportunities have been few and far between under Louis van Gaal at Manchester United, but "El Tigre " showed his class for Colombia in their...Show More Summary
Thursday night’s homework at Inman Middle School will probably involve eating dinner at school. Taste of Inman fills the school gymnasium with more than 20 area restaurants from 6-8:30 p.m. on Thursday, March 26. Atkins Park Restaurant...Show More Summary
The White House continued its offensive against the Republican budget this week charging GOP leaders with unveiling a proposal that enriches the wealth and hurts the middle class and seniors. Click to Continue »
Perhaps the biggest question in American political economy right now is why middle-class wages have been falling. There are three main hypotheses. Roughly, these are: robots, unions and China.
If you went to middle school in Tulsa, Oklahoma, from 2008 to 2011, you may have been lucky enough to take a class with one Mr. McPherson. As the chair of the art department, he taught students about Andy Kaufman, organized an avant-garde program and had a mixtape club that even...
A Pew Stateline analysis published earlier this month shows that "the percentage of "middle-class" households- those making between 67 percent and 200 percent of the state's median income- shrunk between 2000 and 2013."
Presidential aspirants in both parties are talking about saving the middle class. But the middle...
Poll after poll shows Americans strongly oppose almost every facet of the new GOP budget proposal
SEOUL -- Despite recent economic uncertainty, Asia's middle class is growing fast. In the coming decades, this burgeoning demographic segment will serve as a keystone for economic and political development in the region, with significant...Show More Summary
When people say Americans are dividing along class lines, they usually mean it as a metaphor. But it's also true in a literal sense. When it comes to where we live, the rich, poor, and shrinking middle class have been moving further apart. Show More Summary
What if innovation is driving economic stagnation and inequality? That's the question Charles Leadbetter analyzes in "The Whirlpool Economy" over at the UK Innovation Foundation's Long+Short site. He makes key points about the current...Show More Summary
This was how most children in first grade were introduced to reading and the spotless white middle class world. I was introduced to it with “See Jip jump” from the Alice and Jerry series of books. Which included Skip Along, Day In & Day Out, Down the River Road, Through the Green Gate, If Were Going, Singing Wheels, Engine Whistles and Runaway Home. [...]
The middle class is fast approaching endangered species status in the United States. According to The Pew Charitable Trust’s Stateline, “in all 50 states, the percentage of ‘middle-class’ households—those making between 67 percent and 200 percent of the state’s median income—shrunk between 2000 and 2013. This includes California: even though a recent boom in tech