BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Stiglitzs Us Datapoints

Market Movers

by Felix Salmon
Main
Deciphering Auction Results   Emilio Botin for Citigroup CEO!

Recent Blog Posts

Links

Nov 09 2007 12:00am EDT

Stiglitz's US Datapoints

Vanity Fair gives Joe Stiglitz 4,000 words in its December issue, and he delivers what Andrew Leonard describes as "a stinging, biting, razor-sharp dissection of everything George W. Bush has done wrong as the keeper of the American economy". A few datapoints jumped out at me:

  • A young male in his 30s today has an income, adjusted for inflation, that is 12 percent less than what his father was making 30 years ago.
  • 5.3 million more Americans are living in poverty now than were living in poverty when Bush became president.
  • Agricultural subsidies were doubled between 2002 and 2005.
  • Between March 2006 and March 2007 personal-bankruptcy rates soared more than 60 percent.

This is not the whole story, to be sure. But it is depressing, all the same.

. □

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More