Word: trend
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When income gains are skewed toward those who pay taxes at the highest marginal rate, which is now 35%, revenues go up faster than if income rose evenly across all tax brackets. And sure enough, the trend toward more uneven income distribution has been boosting the government's bottom line for decades. In 1979 those with incomes in the top 0.1% of American taxpayers (those with $233,539 or more in adjusted gross income) accounted for 3% of income and 7% of tax receipts, according to the IRS. In 2000 the cutoff for the top 0.1% was $1.6 million...
...where do we go from here? Is the recent turmoil just a short-term correction in a rising trend, as the Goldilocks crowd maintains, or are we faced with the beginning of a bear market? I believe it's the latter. For a start, monetary conditions and international liquidity have tightened as a result of slower credit growth and a housing slump in the U.S.-and no matter how much money the Fed injects into the system, housing is unlikely to recover swiftly because ultimately prices depend not only on money creation but also on demand and supply. Equally ominous...
...more pleasurable reading experience for many readers, and the joy of stumbling upon a useful but theretofore unknown book while searching for its neighbor in the stacks cannot easily be replicated online. HUL has also become much more student-friendly in the past several years; we hope this trend will continue. Lamont’s 24/5 operating schedule has been tremendously popular, and ought to be made permanent. Furthermore, the first-floor café has made studying in Lamont more convenient and enjoyable; HUL should consider expanding its hours. Lastly, HUL should continue to work with professors to facilitate...
...statistics, Alfred C. Kinsey’s interview-based work on understanding human sexual behavior represents another development in the process of “averaging” America, according to Igo. Kinsey’s work in the mid-1940s and 1950s seemed to follow the mid-century trend in social investigation, though it also pioneered new surveying practices. Kinsey’s ability to gain private information from individuals even won the admiration of Gallup.Igo argues that the greatest value the American public gleaned from Kinsey’s reports was an understanding of what...
...This new trend, however, encourages customers to take their time while shopping, to relax in an aesthetically pleasing environment. Taking one’s time is part of what these lifestyles brands are selling. You’re a yacht-loving preppy at Polo Ralph Lauren, and a carefree California surfer at Hollister...