FROM Paul Pierson
Does the Growing Income Gap Threaten the Middle Class? In 1915, the top 1% of Americans had 18% of the nation's wealth. Now they have 24%. That's despite the invention of labor unions, government regulations and the income tax. Timothy Noah, senior writer for the online magazine Slate.com, has written a 10-part series on income inequality, its effect on the economy and what can be done to reverse the trend.
Is Income Inequality a Threat to the Middle Class? One hundred years ago, in the era of Robber Barons, the richest 1% of Americans had 18% of the nation's income. The income tax, labor unions and the New Deal leveled things out but, since the 1970's, the income gap has been growing again and now it's wider than ever. Are the very rich just the top of a healthy middle class, or is the economy a zero-sum game with top earners refusing to let their wealth trickle down? We hear a debate that underlies the issues being raised in this year's midterm campaigns.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.