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Pelosi has also been vocal in calling on the President to repeal Bush's tax cuts for the wealthiest Americans this year, a move Obama has been unwilling to commit to in the current economic climate; some in the Administration have suggested that it's preferable to just let the cuts lapse when they expire next year. And the House Speaker has refused to rule out investigating former Bush Administration officials, even after Obama said he would prefer to keep the party's focus forward-looking...

Author: /time Magazine | Title: Obama vs. Pelosi: Can the President Work with the Democrats? | 2/4/2009 | See Source »

...beginning of the bill, the authors write: "Since 2001, as worker productivity went up, 96% of the income growth in this country went to the wealthiest 10% of society. While they were benefiting from record high worker productivity, the remaining 90% of Americans were struggling to sustain their standard of living. They sustained it by borrowing ... and borrowing ... and borrowing, and when they couldn't borrow anymore, the bottom fell...

Author: /time Magazine | Title: A Guide to Reading the America Recovery and Reinvestment Bill | 1/22/2009 | See Source »

...percent, as in the 1990s when the economy was steaming ahead...strengthen unions - one of the few mechanisms able to improve real income for workers - by enacting the Employee Free Choice Act...Is all this just 'class warfare,' according to the rhetoric of conservatism? Answers Warren Buffett, now the wealthiest American: 'It's class warfare only because my class started it and is winning...

Author: /time Magazine | Title: Obama's Progressive Manual for Change | 1/20/2009 | See Source »

...course, Harvard can’t toss money towards every cause in the world, but there is a major problem throughout a community in which Harvard owns over 600 acres of land. Committing research to StreetSafe Boston is not enough. I think the wealthiest non-profit in the United States can afford to be added to the list of problem-solvers...

Author: By Joseph A. Poirier | Title: Harvard Not Doing its Part in StreetSafe | 1/16/2009 | See Source »

...Charles Marsala, mayor of Atherton, California, the wealthiest zip code in America: "We moved our conversation into the main house, and as we talked Marsala walked me down a hall of famous photographs, many of them of his apparently legendary backyard parties, often showing guests as giant chess pieces. One shindig had a Venetian theme, complete with a gondola, which, in one photo, was being navigated in the pool by the largest shareholder of General Electric. 'He collects army tanks,' Marsala said, shaking his head and chuckling, as if the man collected scrimshaw or hermit crabs. 'He has about...

Author: /time Magazine | Title: The Secrets of American Wealth | 1/4/2009 | See Source »

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