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...were a white collar Delphi retiree, I'd be over the moon with rage. Ditto if I'd been a steelworker in Pennsylvania whose health care and pension were eviscerated when Bethlehem Steel failed. If I worked at one of the 106 nongiant banks that the government has allowed to fail this year, throwing thousands of people out of work, I'd be furious at the government for saving the big insolvent outfits but not mine...
...conclusion: as wealth shifts from material goods like farms and factories to intangibles like social networks and the ability to innovate, there's more of an opportunity for a person who was born poor to work his way up to being rich - and for someone who was born rich to lose his place in the economic food chain. (See the 50 best websites...
Most studies of economic inequality look at modern, developed societies, but this research attempts to get at underlying mechanisms by comparing different sorts of less developed ones. Examples span four continents and six centuries and pull from the work of more than two dozen social scientists. Wealth is measured in a variety of ways, from housing quality to hunting returns to social connections provided by in-laws. (See how Americans are spending...
...what is perhaps the greatest (the only?) assault on the dromedary in prose, Borges goes on to deride the animal as an outrageously artificial exoticism, the employ of those lacking both imagination and a real understanding of their own culture. After all, the most authentically Arab work of all manages to do without: “In the Koran, there are no camels.”The illustrious Buenos Aires author was a little off: The Koran actually does allude to camels twice, in passages 6:144 and 22:36. But despite the humps in his logic, Borges?...
...unemployed drug addict whose father was killed before his eyes in 1984, says his brother was murdered in the colony a couple years ago and that it's likely he'll meet the same fate. "We're all thieves and addicts here," he says. "When you get no work, what else will you do?" The lawless attitude of the young people is an echo, residents say, of India's broken justice system. The young people saw no punishment for the crimes committed against their families, so they see no justice for the crimes they'll commit in the future...