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The New College Try
Coming in from Chicago, it’s not a pretty ride to Thomas M. McDermott Jr.’s office. A mile to the north, you roll down from an unlovely concrete overpass that spans a trio of railroad tracks, greeted...
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Counting on the Middle Class
For a company intent on going global, one of the most difficult problems in determining the market potential for Westernized goods and services is knowing the number of potential buyers in any specific...
View ArticleObama Defines Green Jobs and Says He Wants Lots of ‘Em
Barack Obama on Friday returned to his campaign promise of creating millions of jobs in a new, renewable economy, announcing a task force on the middle class that next month will launch with a focus on...
View ArticleBerkeley’s Ray of Hope Gets Brighter
Berkeley’s stab at making solar installations affordable for homeowners has seen Vice President Joe Biden pinning it up as a model for a national effort. As Matt Jenkins explained in his profile of...
View ArticleWho’s Most Optimistic in America? The Answer Will Break Your Heart
This is a finding that has turned up in a number of studies, and it’s always fascinating: Many of the demographic groups that have fared the worst during the recession—including young adults (ages 18...
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Twilight of the Middle Class?
NEW YORK (Reuters) – It’s evening in America. That is the worrying news from the latest Heartland Monitor Poll, conducted quarterly and sponsored by the insurer Allstate and National Journal. The...
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Middle Class Boom
Economic globalization destroyed the middle class. Journalists continue to spin that yarn about the Rust Belt. I think they are wrong. Worldwide, the middle class is booming. The rising tide doesn’t...
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Are the Protests in Brazil Due to Falling Inequality Levels?
This past Monday, in an attempt to calm the nation’s growing discontent, Brazilian President Dilma Rousseff proposed a vote to amend the country’s constitution. “The streets are telling us that the...
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Demise of the Global City
London is dying. The big city used to be a place where the ambitious Creative Class could find upward mobility. No longer: Our neighbors Lauren and Matt and their kids moved out of London to Cambridge...
View ArticleThe Psychological Need the Wealthy Can’t Fulfill
Tom Perkins’ curious decision to publicly air his concern that the wealthy are doomed to suffer a “Progressive Kristallnacht” quickly generated the requisite amount of outrage. But the most noteworthy...
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Chicago’s Disappearing Middle Class
By now most readers are likely familiar with the idea that the American middle class is shrinking. Most income and wealth gains over the past 40 or so years have gone to the richest Americans, while...
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