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September 27, 2011
Chart. ive shown you this chart before. the red line is the income growth for the richest 1% of americans since 1979. look at that. the blue line, income, is the average wage growth over the same period of time. its almost totally flat. the average wage earner in america isnt making much more than he or she was some 30 years ago. its the graph from "mother jones." the wealthiest americans, theyre up 240%. i guess you could say these are the job-creators over here. the wages arent doing anything,...
September 27, 2011
Few people have lighting or telephones to most people have them. this graph shows our country basically from when we were china, right? young and rapidly developing with government investments making infrastructure possible. its kind of amazing. we did not get to 90% of farms having phones until 1976. during the carter administration. these days we still invest in rural electrification but on a smaller scale when a different types of technology and goals. we do it through the rural energy for am...
September 27, 2011
Before. the red line is the income growth for the richest 1% of americans since 1979. look at that. the blue line, income, is the average wage growth over the same period of time. its almost totally flat. the average wage earner in america isnt making much more than he or she was some 30 years ago. its the graph from "mother jones." the wealthiest americans, theyre up 240%. i guess you could say these are the job-creators over here. the wages arent doing anything, are they? ive been begging any ...
September 27, 2011
two-faced. dominique strauss-kahn wants a u.s. judge to dismiss a lawsuit against him linked to a sexual assault case. the criminal charges were dropped but the accusers filed a civil case. the former imf chief claims he has diplomatic immunity when the case was filed. im zain verjee in world business today starts next. good morning from cnn london. im charles hodson. this is world business today. the top stories this tuesday, september 27th. at home and abroad, greek transit worke...
September 26, 2011
Trillions of dollars for america. the light bulb, phone no graph, x-ray machine stock ticker moeks pictures. we thought it would be a great starting place to look at president obamas plan for equally transform tive wave of innovation one he promises will create the jobs and the wealth of the next century. clean energy technology. the president backed his vision with billions of taxpayer dollars. where has all of your money gone and where are the jobs its supposed to create. is the presidents gre...
September 24, 2011
Spending bill. this was supposed to be decided back in -- over the summer when they had that debt ceiling fight, that had politicians suffering in their approval ratings and had the economy suffering because of the lack of confidence. that people have in the ability of washington to deal with our very severe economic problems. the funning level was supposed to be set. then those disasters happened, hurricane irene, the earthquake in missouri, fema is running out of money. a miniscule part of the...
September 23, 2011
full face veil in france says she actually wanted the punishment. she was one of two women fined under the countrys so-called burqa ban on thursday. shell take her case to the european court of human rights. im monita rajpal. "world business today" starts right now. good morning from cnn london. im nina dos santos. >> good afternoon from cnn hong kong. im manisha tank. these are the top stories on friday, september 23rd. investors in europe take a breather after a tumultuous few days...
September 21, 2011
united nations building in new york. lets go straight to mohammed jamjo jamjoom. how close are these two americans from touching down where you are? >> reporter: well, brooke, were here at the royal airport. armani officials are saying that the plane should touch down within the next 20 to 30 minutes. we also learned from the families of josh fattal and shane bauer that the families are indeed here, that sarah shourd, the third american hiker who was detained along with the two men and...
September 20, 2011
Were ready to do the math here. its a marvel to me after the 1990s, which in effect the raging economy of the 1990s began with a bill clinton tax increase, what was then the highest tax increase in history. still is the highest tax increase in history. the rate stayed that way for the entire decade, and were still stuck in this discussion that republicans want to cling to the notion that those clinton tax rates would be disastrous for job creation. >> it has not seemed to be a discussion particu...
September 20, 2011
Reverend. one of the jurors testified, iio three have come forward, but one testified yesterday, and the d.a. that had said that he would not have prosecuted this case and reversed and went forward and argued for the execution. >> he shared with me and others at a meeting in june that this would not be a death case for him. this is not how he would try this case today but somehow he parses those two things and sees that as different. that is not his task. yes, he argued the case on yesterday, an...