Full transcript: President Obama’s December 4 remarks on the economy
Updated: Wednesday, December 4, 12:33 PM
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Ours is an economy....
"that’s become profoundly unequal and families that are more insecure.
Since 1979, when I graduated from high school, our productivity is up by more than 90 percent, but the income of the typical family has increased by less than 8 percent
Since 1979 our economy has more than doubled in size,
but most of the growth has flowed to a fortunate few.
The top 10 percent no longer takes in one-third of our income; it now takes half.
Whereas in the past, the average CEO made about 20 to 30 times the income of the average worker, today’s CEO now makes 273 times more."
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From The New York Times By Dan Levin Published: March 1, 2013
China’s hunger for ivory carvings is growing despite evidence that many tusks are taken illegally
PUZHAI, China — Chinese investors have anointed it “white gold.” Carvers and collectors prefer the term “organic gemstone.” Smugglers, however, use a gruesomely straightforward name for the recently harvested African elephant tusks that find their way to this remote trading outpost on the Vietnamese border.
Why do middle-class blacks have far less wealth than whites
at the same income level?
The answer is in real estate and history.
In today's excerpt - in the wake of the Great Depression and the Dust Bowl, folk singer Woody Guthrie wrote the song "This Land is Your Land," a satire and protest against what he saw as the unrealistic vision of Irving Berlin's "God Bless America." It was originally titled "God Bless America for Me," and the original chorus used that line instead of "this land was made for you and me." Guthrie eventually deleted two verses, perhaps because he knew he couldn't get the song published otherwise - one that lamented the lack of help provided by America's churches for the poor, and the other his protest against the idea of private property (read those verses after the author credit below):