The Obama administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, drawing fire from critics who decry the proposal as executive overreach in search of an “unrealistic utopia.”
A final Department of Housing and Urban Development … Read the rest
Johann Rupert, the South African who has made billions peddling Cartier jewelry and Chloe fashion, said tension between the rich and poor is set to escalate as robots and artificial intelligence fuel mass unemployment.
Wages of America’s middle class have dropped below 1970s levels as immigration has surged 325 percent, according to a new congressional report that questions claims that native Americans are economically helped by greater immigration.
The nonpartisan Congressional Research Service report … Read the rest
Legal and illegal immigrants will hit a record high of 51 million in just eight years and eventually account for an astounding 82 percent of all population growth in America, according to new U.S. Census figures.
When a million people swarmed on to the streets of Brazil last June there was consensus that the protest was a phenomenon of the “new middle class” – squeezed by corruption and failing infrastructure. As the Thai … Read the rest
A good television seems to be just as important as preparing for retirement.
Drawing on data from Statistics SA’s income and expenditure survey, and other sources, such as company results, market analysis firm Eight20 yesterday revealed some telling spending priorities … Read the rest
During the second half of the 20th century the United States was an opportunity society. The ladders of upward mobility were plentiful, and the middle class expanded. Incomes rose, and ordinary people were able to achieve … Read the rest