(via zomganthro)
Rise of the TIMBIs - By Jack A. Goldstone | Foreign Policy
Forget the BRICs. The real economies that will shake up the world over the next few decades need a new acronym.
By Drew Grant (NYC Observer).
November 18, 2011
Photo via Johnny Milano
Retired Philadelphia police Captain Ray Lewis, arrested yesterday after joining up with the Occupy Wall Street process, has quickly become one of the more iconic figures from the movement’s two month’s anniversary.
November 16, 2011
“The rich are not only getting richer, they are becoming more dangerous,” Robert Frank writes in his new book The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble and Bust.
The spending binges of the top 1%, he says, are “the most unstable force in the economy.”
Frank talks with NPR’s Neal Conan about how some of the inhabitants of Richistan — a land of private jets, yachts and million-dollar watches — have lost their fortunes, and taken average Americans with them.