To the Point
The New Gilded Age of the Super-Rich and Sub-Rich
Republican commentator Peggy Noonan says America's new billionaires are so rich they look down on "tatty old Windsor Castle." How did they accumulate so much money? Will concentrated wealth "trickle down" to the middle class--or destroy it? Also, the President's sub-prime bailout plan, more White House defections and increasing the birth rate in Russia.
By Warren Olney • • 1h 0m ListenRepublican commentator Peggy Noonan says America's new billionaires are so rich they look down on "tatty old Windsor Castle." How did they accumulate so much money? Will concentrated wealth "trickle down" to the middle class--or destroy it? Also, the President's sub-prime bailout plan and, on Reporter's Notebook, while much of the world is concerned with over-population, Russia is trying to increase the birth-rate.
In this episode
3 storiesBush's Sub-Prime Mortgage Plan, Snow's Resignation
On Karl Rove's last day in the White House, President Bush announced today that Press Secretary Tony Snow is resigning, too. Bush himself offered a plan to help troubled sub-prime borrowers to keep their homes.
Read the story6 min'Ridiculous, Ostentatious Wealth' in America
A conservative columnist reports that we're in " the second great Gilded Age ." A liberal author warns that "a bloated over-class can drag down society." But a New York Times Magazine article is headlined " Don't Hate Them Because They're Rich : The Trickle-down Effect of Ridiculous, Ostentatious Wealth." America's median income is $48,000,…
Read the story36 minRussia Says Take the Day Off and *%$&(*
In much of the world, population growth has reached unsustainable levels, but Western Europe is welcoming a minor baby boom after 20 years without enough children to replace the elderly and sustain prosperous economies. Russia is conducting a national campaign to produce more Russians. Spanning no less than 11 time zones and occupying…
Read the story7 min
