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Inequality, Revisted; Version 2388725

Household inequality is portrayed as a vast chasm of destructive essence which will lead to the fracturing of the country and world if it continues. No justification is ever given for GINI coefficients having much to do with a failing economy (at least, never without serious confounding variables), but the assertion is maintained as true…

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Here’s Your “Recovery”

The U.S. economy turned in its worst quarter in five years during the first three months of 2014, shrinking more sharply than previously estimated. The nation’s gross domestic product in the first quarter fell at a 2.9% annual rate vs. the 1% contraction previously believed, the Commerce Department said Wednesday. Economists surveyed by Bloomberg expected…

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