Tag: Income Inequality

Why Reparations For Slavery Are Long Overdue

In my debut novel, a family retraces their lineage in order to be eligible for the nation’s first federal reparations program for Black Americans. When I was selling my novel in 2021, it was pitched to publishers as “speculative fiction, but only slightly.” I hadn’t specifically identified that genre, but I could see how it […]

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FAFSA Delays Make Affording College Even Harder

Each year, more than 17 million students complete the Free Application for Federal Student Aid, or FAFSA, hoping to secure the financial support they need to afford college. But this year, operational glitches and repeated delays in the U.S. Department of Education’s “Better FAFSA” rollout threaten to harm the very students and families that financial […]

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Former Chilean President Sebastián Piñera Dies in Helicopter Crash

Sebastián Piñera, a former president of Chile who helped strengthen the nation’s young democracy after becoming its first conservative leader since a military dictatorship, died in a helicopter crash in Chile on Tuesday, the government said. He was 74. The helicopter, carrying four people, crashed into Lake Ranco in the Los Ríos region in southern […]

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Charles Littlejohn, Who Leaked Trump’s Tax Returns, Sentenced to 5 Years in Prison

A former Internal Revenue Service contractor accused of leaking the tax documents of Donald J. Trump and other wealthy Americans was sentenced on Monday to five years in prison. The former contractor, Charles Littlejohn, known as Chaz, worked for the tax agency from 2017 to 2021, when he stole the tax records of thousands of […]

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GoFundMe Is Remaking Disaster Aid. It Largely Helps the Wealthy.

As climate-fueled disasters destroy more American homes, the crowdfunding platform GoFundMe has exploded in popularity. Its appeal is simple: People can provide cash directly to survivors, which is quicker than insurance and often more generous than government aid. But new research suggests that cash sent through GoFundMe disproportionately benefits the wealthy rather than those who […]

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Must Everything be About AI These Days?

I have one word for you. No, not plastics—that was the 1960s. The word, or acronym, is “AI.”  That’s the quick synopsis of the World Economic Forum’s recent conference in Davos. “I think AI is probably the most optimistic story that I’ve heard on the street,” says my colleague, Worth editor Dan Costa. Every Davos seems to have […]

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Vermont Becomes Latest State to Propose Wealth Taxes

Lawmakers in Vermont are introducing legislation this week that would impose new taxes on the state’s wealthiest residents, joining a growing national campaign being pushed by Democrats who believe that the measures will gain traction as states reckon with post-pandemic budget squeezes. One proposal in Vermont would tax people with more than $10 million in […]

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Bill Beard Was a Good Man. Then He Committed a Terrible Crime.

This is the sixth in the series “How America Heals,” in which Nicholas Kristof is examining the interwoven crises devastating working-class America and exploring paths to recovery. .g-goldbergseriesinfo{ position: relative; display: flex; overflow: hidden; box-sizing: border-box; padding: 1.125rem 1.25rem 1.0625rem; border: 1px solid var(–color-stroke-quaternary,#DFDFDF); color: var(–color-content-secondary,#363636); max-width: 600px; margin: 1.3125rem auto 1.5rem; width: 100%; max-width: […]

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IMF: AI will impact 60% of jobs and worsen inequality

AI is a technological breakthrough that some say will impact the world in a manner akin to the industrial revolution.  But just as with past technology advancements, AI will also lead to income and economic disparity, job displacement and inequality, according to a new lengthy report from the International Monetary Fund (IMF).  Notably, the agency […]

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In Guatemala, New Utopian Neighborhood? Or a Testament to Inequality?

Try going for a stroll in much of Guatemala City: It is a pedestrian’s nightmare. Motorcycles speed down crowded sidewalks. Rifle-grasping guards squint at each passerby, sizing up potential assailants. Smoke-belching buses barrel through stop signs. But tucked within the chaotic capital’s crazy-quilt sprawl, there is a dreamlike haven where none of that exists. In […]

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‘The Social Contract Has Been Completely Ruptured’: Ireland’s Housing Crisis

Before sunrise each day, Aoife Diver, a teacher in Dublin, gets into her car and drives for up to 90 minutes from her uncle’s house to the opposite side of the Irish capital. After school, it is back in the car for the reverse commute. On a recent evening, Ms. Diver, 25, sat in stop-and-go […]

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‘The Social Contract Has Completely Ruptured’: Ireland’s Housing Crisis

Before sunrise each day, Aoife Diver, a teacher in Dublin, gets into her car and drives for up to 90 minutes from her uncle’s house to the opposite side of the Irish capital. After school, it is back in the car for the reverse commute. On a recent evening, Ms. Diver, 25, sat in stop-and-go […]

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As Utility Bills Rise, Low-Income Americans Struggle for Access to Clean Energy

Cindy Camp is one of many Americans facing rising utility costs. Ms. Camp, who lives in Baltimore with three family members, said her gas and electric bills kept “going up and up” — reaching as high as $900 a month. Her family has tried to use less hot water by doing fewer loads of laundry, […]

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Trump Has Ushered in the Age of the ‘Great Misalignment’

The biggest challenge, she wrote, “is what I have called ‘the great misalignment’ between the institutions we have and those we need to deal with most of these problems.” The framers of the Constitution, she wrote: understood human frailties and passions. But they thought they had designed a set of institutions that could weather the […]

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Things Have Gotten Pretty Weird With New York’s Mayor

How do you see the 2025 election playing out? Mara: Twenty-eight percent. Wow, that’s abysmal. I still wonder how much this has to do with a general post-pandemic malaise. I tend to agree that it’s hard to see a strong challenge from the left, but I wouldn’t rule anything out this early. I’m not sure […]

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The Income Gap Jeopardizing Retirement for Millions

Monique Louvigny, an event coordinator in the San Francisco Bay Area, economizes where she can. She drives a 10-year-old Prius, brings a thermos of coffee to work instead of patronizing a place with baristas, and takes advantage of a drive-through food pantry once a month. Laid off at 57, “I kind of reinvented myself,” she […]

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Philippine Poverty and Farm-Based Economy Have Roots in Colonial Era

Rodino Sawan stepped into the wire harness and dug his toes into the muddy track that threads the sweltering plantation. He pushed forward, straining against the cargo trailing behind him: 25 bunches of freshly harvested bananas strung from hooks attached to an assembly line. Six days a week, Mr. Sawan, 55, a father of five, […]

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Does Social Media Perpetuate Inequality?

For some people, social media is inconsequential — a cat photo here, a banana slip TikTok there. For others, it’s all-consuming — a helpless catapult into a slurry of anxiety, self-harm and depression. To each his own internet. Still, we can make some generalizations about the impact. We know social media use can harm mental […]

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The Debt Problem Is Enormous, and the System for Fixing It Is Broken

Martin Guzman was a college freshman at La Universidad Nacional de La Plata, Argentina, in 2001 when a debt crisis prompted default, riots and a devastating depression. A dazed middle class suffered ruin, as the International Monetary Fund insisted that the government make misery-inducing budget cuts in exchange for a bailout. Watching Argentina unravel inspired […]

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This Economy Has Bigger Problems Than ‘Bad Vibes’

The economy is growing. Wages are up. Unemployment is low. Income inequality is narrowing. The fearmongering about inflation proved to be, well, wrong. According to many economy-watchers, Americans should be sending the Biden administration a gift basket full of positive vibes — and votes. Instead, consumer confidence polling paints a different picture. A recent Times/Siena […]

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New Sickle Cell Therapies Will Be Out of Reach Where They Are Needed Most

The Food and Drug Administration’s approval on Friday of two groundbreaking gene therapy treatments for sickle cell disease has brought a rare moment of hope and celebration to people with the agonizing blood disorder. But there is no clear path for the new therapies — one-time treatments so effective in clinical trials that they have […]

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Pope Francis Couldn’t Travel to the U.N. Climate Summit, but His Voice Did

Pope Francis, who reluctantly canceled his trip to the annual United Nations climate summit in Dubai, United Arab Emirates, because of a lung infection, sought on Saturday to lend his voice to the world’s destitute facing the brunt of climate disruption. In an address written by the pope and delivered at the summit by the […]

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More States Now Require Financial Literacy Classes in High Schools

A flurry of states now require financial literacy classes for high school students, covering topics like budgeting, saving and managing debt. Just seven states — Alabama, Iowa, Mississippi, Missouri, Tennessee, Utah and Virginia — earned an A grade, meaning they require students to take a semester-long personal finance course, or its equivalent, on a “report […]

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U.S. Rate of Suicide by Firearm Reaches Record Level

The rate of suicides involving guns in the United States has reached the highest level since officials began tracking it more than 50 years ago, according to a new report from the Centers for Disease Control and Prevention. The rate increased by more than 10 percent in 2022 compared with 2019, and in some racial […]

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Apple Is Doing Its Part to End Green Bubble Shaming. It’s Our Turn.

For more than a decade, smartphone users everywhere have faced a major problem in how we communicate: the “green versus blue bubble” disparity. When iPhone users send texts to other iPhones, the messages appear blue and can tap into exclusive perks like fun emojis and animations. But if an iPhone user texts an Android user, […]

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Nikki Haley Is Coming for Your Retirement

That said, Haley has shown some consistency on issues of economic and fiscal policy. And what you should know is that her positions on these issues are pretty far to the right. In particular, she seems exceptionally explicit, even among would-be Republican nominees, in calling for an increase in the age at which Americans become […]

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Why Warblers Flock to Tonier Neighborhoods

At a meeting of urban wildlife researchers in Washington, D.C., in June, one diagram made it into so many PowerPoint presentations that its recurrence became a running joke. The subject, though, was serious: The diagram illustrated the links between structural racism, pernicious landscape features such as urban heat islands, and impacts to biodiversity, and it […]

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The Super Rich No Longer Try To Support Their Societies

Throughout much of the Western world’s history, the wealthiest have been viewed in their communities as a potentially unfavorable presence, and they have attempted to allay this sentiment by using their riches to support their societies in times of crises like plagues, famines or wars. This symbiotic relationship no longer exists. Today’s rich, their wealth […]

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The Startling Evidence on Learning Loss Is In

In the thick of the Covid-19 pandemic, Congress sent $190 billion in aid to schools, stipulating that 20 percent of the funds had to be used for reversing learning setbacks. At the time, educators knew that the impact on how children learn would be significant, but the extent was not yet known. The evidence is […]

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Want to Know What’s Bedeviling Biden? TikTok Economics May Hold Clues.

Look at economic data, and you’d think that young voters would be riding high right now. Unemployment remains low. Job opportunities are plentiful. Inequality is down, wage growth is finally beating inflation, and the economy has expanded rapidly this year. Look at TikTok, and you get a very different impression — one that seems more […]

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