THE NEW YORK TIMES: The huge income gap between rich and poor in Manhattan is the latest sign that the economic recovery from the pandemic has been lopsided in New York City.
As New York City inches closer to recovering all the jobs it lost during the pandemic, Manhattan — the city’s economic engine — marked a far less encouraging milestone. It now has the biggest income gap of any large county in the country.
Even in a city notorious for tableaus of luxury living beside crushing poverty, the widening gap is striking. The wealthiest fifth of Manhattanites earned an average household income of $545,549, or more than 53 times as much as the bottom 20 percent, who earned an average of $10,259, according to 2022 census data, released earlier this month. Social Explorer, a demographic data firm, analyzed the data for The Times.
“It’s amazingly unequal,” said Andrew Beveridge, the president of Social Explorer. “It’s a larger gap than in many developing countries,” and the widest gulf in the United States since 2006, when the data was first reported. The Bronx and Brooklyn were also among the top 10 counties in the country in terms of income inequality.
It is the latest data to underscore the city’s lopsided rebound from the pandemic. Across the city, wages are up, but mostly for the affluent. Jobs are returning, but many are in low-paying positions. Unemployment is down, but remains sharply higher for Black and Hispanic New Yorkers. The mixed signals highlight a widening chasm: The city is recovering, but many of its residents are not. » | Stefanos Chen | Thursday, September 28, 2023
Thursday, 28 September 2023
Wednesday, 27 September 2023
'Cold and Brutal': Author Walter Isaacson on What Surprised Him about Elon Musk
Tuesday, 26 September 2023
The Billionaires Who Made Our World: Jeff Bezos | BBC Select
Stream the full story with The Billionaires Who Made Our World on BBC Select here.
Ronald Reagan, 40. Präsident der USA | Geschehen, neu gesehen | Doku | ARTE
Jan 7, 2022 | ARTE nimmt geschichtsträchtige Personen und Ereignisse in den Fokus. In dieser Folge: Nachdem Ronald Reagan 1981 das Herz der Amerikaner erobert hatte, leitete der US-Präsident eine weitreichende Wirtschaftsreform ein, um dem Land wieder zum Aufschwung zu verhelfen.
Als Ronald Reagan am 20. Januar 1981 als 40. Präsident der USA vereidigt wurde, steckte das Land in einer tiefen Rezession. Gleich nach seiner Ankunft im Weißen Haus war klar, dass es diesem Präsidenten an Wissen und Erfahrung mangelte. Doch die Amerikaner waren felsenfest überzeugt: Reagan würde dem Land wieder zu Stolz und Ehre verhelfen! Nachdem er das Herz der Amerikaner erobert hatte, leitete Reagan eine weitreichende Wirtschaftsreform ein, um dem Land wieder zum Aufschwung zu verhelfen. Es war eine radikale Abkehr von der Vergangenheit. Der Staat zog sich aus seiner sozialen Verantwortung zurück, die Ungleichheiten nahmen zu, die Staatsverschuldung war horrend. Reagan sah sich gezwungen, die größte Steuererhöhung in der Geschichte der USA vorzunehmen. Doch das schadete ihm nicht, ganz im Gegenteil: Reagan war ein Pragmatiker und schreckte vor offenen Widersprüchen nicht zurück. Geschickt surfte er auf der Welle des nun einsetzenden Wirtschaftswachstums, obwohl dies nicht sein Verdienst war, und holte sich mit klarer Mehrheit eine zweite Amtszeit. Getreu seinem Cowboy-Image hatte er nun freie Bahn, um sich seinen Erzfeind vorzuknöpfen: den Kommunismus! Verdutzt erfuhren die Amerikaner, dass Reagan einen "Krieg der Sterne" plante. Die Militarisierung des Weltalls versetzte die UdSSR in Panik und trieb sie in ein ruinöses technologisches Wettrüsten. Er beendete 40 Jahre Kalten Krieg und polierte damit sein Image auf. Gorbatschow, an der Spitze einer ausgebluteten und zerfallenden Sowjetunion, war zu allen Zugeständnissen bereit. 1989 schied Reagan aus dem Amt – und war beliebter denn je, obwohl die Bilanz seiner Regierung eher durchwachsen war.
Dokureihe, Regie: Cédric Condon (F 2019, 52 Min)
Als Ronald Reagan am 20. Januar 1981 als 40. Präsident der USA vereidigt wurde, steckte das Land in einer tiefen Rezession. Gleich nach seiner Ankunft im Weißen Haus war klar, dass es diesem Präsidenten an Wissen und Erfahrung mangelte. Doch die Amerikaner waren felsenfest überzeugt: Reagan würde dem Land wieder zu Stolz und Ehre verhelfen! Nachdem er das Herz der Amerikaner erobert hatte, leitete Reagan eine weitreichende Wirtschaftsreform ein, um dem Land wieder zum Aufschwung zu verhelfen. Es war eine radikale Abkehr von der Vergangenheit. Der Staat zog sich aus seiner sozialen Verantwortung zurück, die Ungleichheiten nahmen zu, die Staatsverschuldung war horrend. Reagan sah sich gezwungen, die größte Steuererhöhung in der Geschichte der USA vorzunehmen. Doch das schadete ihm nicht, ganz im Gegenteil: Reagan war ein Pragmatiker und schreckte vor offenen Widersprüchen nicht zurück. Geschickt surfte er auf der Welle des nun einsetzenden Wirtschaftswachstums, obwohl dies nicht sein Verdienst war, und holte sich mit klarer Mehrheit eine zweite Amtszeit. Getreu seinem Cowboy-Image hatte er nun freie Bahn, um sich seinen Erzfeind vorzuknöpfen: den Kommunismus! Verdutzt erfuhren die Amerikaner, dass Reagan einen "Krieg der Sterne" plante. Die Militarisierung des Weltalls versetzte die UdSSR in Panik und trieb sie in ein ruinöses technologisches Wettrüsten. Er beendete 40 Jahre Kalten Krieg und polierte damit sein Image auf. Gorbatschow, an der Spitze einer ausgebluteten und zerfallenden Sowjetunion, war zu allen Zugeständnissen bereit. 1989 schied Reagan aus dem Amt – und war beliebter denn je, obwohl die Bilanz seiner Regierung eher durchwachsen war.
Dokureihe, Regie: Cédric Condon (F 2019, 52 Min)
Friday, 22 September 2023
We Can’t Alter Brexit Deal to Appease Car Industry, Says European Commissioner
THE GUARDIAN – EUROPE: Thierry Breton stands firm amid opposition to incoming tariffs on electric vehicle exports between EU and UK
Thierry Breton, the European commissioner for the internal market, said he could not favour one ‘category’ over another. Photograph: Spanish Eu Presidency/EPA
The Brexit trade deal should not be reopened just to satisfy demands from some sectors of the UK and EU motor industry concerned about looming tariffs on electric cars, Thierry Breton, the influential European commissioner, has said. EU leaders have come under pressure to suspend 10% tariffs on electric car exports that are expected to begin in January under the Brexit treaty.
But Breton, who is responsible for the EU internal market and was speaking exclusively to the Guardian, said the commission and EU leaders are bound under competition laws to look at the entire automotive “ecosystem” and not favour one “category” in the industry over the other.
He believes the trade deal should not be unpicked.
“If something has been negotiated, it shouldn’t be changed,” Breton said. » | Lisa O’Carroll in Brussels | Friday, September 22, 2023
The Brexit trade deal should not be reopened just to satisfy demands from some sectors of the UK and EU motor industry concerned about looming tariffs on electric cars, Thierry Breton, the influential European commissioner, has said. EU leaders have come under pressure to suspend 10% tariffs on electric car exports that are expected to begin in January under the Brexit treaty.
But Breton, who is responsible for the EU internal market and was speaking exclusively to the Guardian, said the commission and EU leaders are bound under competition laws to look at the entire automotive “ecosystem” and not favour one “category” in the industry over the other.
He believes the trade deal should not be unpicked.
“If something has been negotiated, it shouldn’t be changed,” Breton said. » | Lisa O’Carroll in Brussels | Friday, September 22, 2023
Thursday, 21 September 2023
Saudi Crown Prince Says Deal with Israel Is Closer ‘Every Day’
Sunak's Green U-Turn: Bloomberg UK Show
Die britische Regierung verwässert ihre Klimaziele: Im Herbst vor dem nächsten Wahljahr hat der britische Premierminister Sunak die Klimapolitik als Wahlkampfthema entdeckt. Unter anderem will er das Verbrennerverbot verschieben. »
Rupert Murdoch Steps Down as Fox and News Corp. Chairman, Son Lachlan Now Chairman of Both
VARIETY: Rupert Murdoch is stepping down as Fox and New Corp chairman, the companies announced today. His son, Lachlan, will take over the role at each company as Rupert moves into a chairman emeritus role. Rupert’s career at Fox began nearly 70 years ago in 1954. The new board moves will be effective as of the Annual General Meeting of Shareholders of each company in mid-November.
“On behalf of the FOX and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” said Lachlan Murdoch in a statement. “We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted. We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies.” » | Zack Sharf | Thursday, September 21, 2023
Tuesday, 19 September 2023
What Donald Trump & Joe Biden Get Wrong about the UAW* Strike & USA's Economic Future | The Warning
* United Automobile Workers
The Pensions Triple Lock Is Still Needed – Don’t Let the Tories Unpick It
THE GUARDIAN – LETTERS: Readers respond to suggestions that the Conservatives are considering plans to water down the scheme designed to enhance the state pension
Your report (Treasury officials mull one-off break from pensions triple lock, 12 September) says: “Any change to the way the state pension is calculated would be controversial because the Conservatives pledged in their last election manifesto to abide by the [triple-lock] formula.”
“Controversial” is an understatement. As recently as last month, Rishi Sunak confirmed, without any caveats and in full knowledge of the likely increase, that the triple lock would apply from next year (Sunak pledges to keep to pension triple lock despite signs of extra £10bn cost, 16 August). He even insisted he was comfortable with pensioners receiving the full annual uplift and brushed aside concerns about affordability.
If the government now backtracks on this unequivocal commitment, what does that say about Sunak’s credibility and promise to govern with “integrity, professionalism and accountability at every level”? Read more letters on the triple lock here » | Mike Pender, Cardiff | Monday, September 18, 2023
Your report (Treasury officials mull one-off break from pensions triple lock, 12 September) says: “Any change to the way the state pension is calculated would be controversial because the Conservatives pledged in their last election manifesto to abide by the [triple-lock] formula.”
“Controversial” is an understatement. As recently as last month, Rishi Sunak confirmed, without any caveats and in full knowledge of the likely increase, that the triple lock would apply from next year (Sunak pledges to keep to pension triple lock despite signs of extra £10bn cost, 16 August). He even insisted he was comfortable with pensioners receiving the full annual uplift and brushed aside concerns about affordability.
If the government now backtracks on this unequivocal commitment, what does that say about Sunak’s credibility and promise to govern with “integrity, professionalism and accountability at every level”? Read more letters on the triple lock here » | Mike Pender, Cardiff | Monday, September 18, 2023
Sunday, 17 September 2023
Saturday, 16 September 2023
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