Remedial economics for the WSJ editorial board An April 26 Wall Street Journal editorial argued that "the overall tax burden grew more progressive" in the last 25 years because upper income taxpayers pay a larger share of total taxes than they did in 1979. But the Journal failed to explain why upper income taxpayers pay a larger share today: The wealthiest Americans earn a much larger share of total income than they did in 1979. [see, too: http://www.washingtonmonthly.com/archives/individual/2005_04/006194.php]
Math + test = trouble for US economy For a nation committed to preparing students for 21st century jobs, the results of the first-of-its-kind study of how well teenagers can apply math skills to real-life problems is sobering. American 15-year-olds rank well below those in most other industrialized countries in mathematics literacy and problem solving, according to a survey released Monday
Jiang outlines plans to make China wealthier Ah, Adam Smith in and K. Marx out. Brting on the Krispy Kreeme franchises. Bet there won't be labor unions in the near future but an economically powerful China plus the EU will give America some strong competition.
We are the world. No matter what you think of this expansion into Ecuador to stamp out the drug trade in Columbia, you have to love the great economic ramifications for locals as they open facilities and raise prices for their wealthy neighbors from the north. No mention, alas, of the prostitutes who usually move close to military facilities.