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...according to Piketty and Saez, the really dramatic developments have all been at the very, very top - not the top 1% but the top 0.01%, who now control 5.46% of all income, their highest share on record. (The data go back to 1913.) Most of these people are well educated, but it's awfully hard to portray their riches purely as rewards for education or skill...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

...what should be done about income disparity? In an April Gallup poll, 68% of respondents said wealth "should be more evenly distributed" in the U.S. - the highest percentage saying so since Gallup started asking the question in 1984. A smaller majority, 51%, agreed that "heavy taxes on the rich" were needed...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

...crop destroyed by Nargis, but most farmers won't be able to plant the next batch of seedlings because of salt-water inundation. Future shortages could spell dissent: at least five protest movements in Burma's recent history happened in the months when grain prices were at their highest. In a startling indication of dissatisfaction, an official counting referendum votes in Rakhine state told a Rangoon journalist that in 15 townships, the "no" vote ranged from 56% to 98%. (In Burma, it is unlikely that official results will reflect such inconvenient public sentiment...

Author: /time Magazine | Title: Saving Burma | 5/15/2008 | See Source »

...Gibson brought back ideas that forever changed rugby league, which at the time was played and coached, even at the highest level, by amateurs. He made strength training compulsory for his players, and introduced video analysis and a preoccupation with statistics into the Australian game. Among these stats was the "tackle count" - a record of each player's contribution in defense. "I might have read it in Sports Illustrated," Gibson said, "where in the American game it takes more talent, experience and a tougher individual to be a defensive player than a runner." Gibson even started to sound like...

Author: /time Magazine | Title: The Professional: Jack Gibson 1929-2008 | 5/15/2008 | See Source »

...fact that this openness can be a two-edged sword was underlined during a press conference held Tuesday by the State Council, the country's highest administrative body. Wang Zhenyao, a senior official at the Ministry of Civil Affairs, was asked by a reporter from the government's English-language newspaper, the China Daily, why so many schools had collapsed when government buildings in the same towns had not. According to state media, at least six schools were destroyed by the quake and its aftershocks; at one school, almost 900 eighth and ninth graders were believed to have been buried...

Author: /time Magazine | Title: China's Quake Damage Control | 5/13/2008 | See Source »

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