, Forbes – 10 hrs
The group is worth $5.4 trillion, an astounding 17 percent jump from a year ago. The average net worth of a Forbes billionaire is $3.8 billion, $100 million more than a year ago. More than two-thirds of the world’s richest added to their fortunes. Only 259 from last year’s list are poorer than a year ago. Sixty dropped out of the ranks, including Zynga’s Mark Pincus and former Chesapeake Energy CEO Aubrey McClendon. Another eight passed away....
In an interview on "The Nightly Business Report," Warren Buffet stated it wasn't the cuts in spending that causes uncertainty in economic investment. He stated it was the continual brinkmanship to know what the plan is from the USA government. He also doesn't believe there is a problem with Medicare. He stated the problem is systemic throughout the entire health care system and effects all insurances, private of government.
I told you so.
Mr. Buffet stated the only concern over the National Debt, not deficit, is the growth in recent years due to loss of Gross Domestic Product. There needs to be a return to the GDP post 2008 and the rest takes care of itself.
I told you so.
I told you so.
Mr. Buffet stated the only concern over the National Debt, not deficit, is the growth in recent years due to loss of Gross Domestic Product. There needs to be a return to the GDP post 2008 and the rest takes care of itself.
I told you so.
By Karen Weise on September 12, 2012
At least things didn’t get worse. For half a decade, the percent of Americans living below the poverty line has increased each year, from 12.3 percent in 2006 to 15.1 percent in 2010. Today the Census Bureau released its analysis of U.S. poverty in 2011, and the official poverty rate essentially held at 15 percent, meaning that 46.2 million people live below the poverty line.
That’s still the highest level in almost two decades, but it’s good news compared with what some people expected. The Brookings Institution, for example,predicted that the rate would increase to 15.5 percent, or an additional 1.5 million people.
Although poverty levels held, there’s still bad news. Median real household income fell 1.7 percent, to $62,273, and income inequality rose in 2011. The Gini index, a common measure of inequality, rose 1.6 percent from 2010 to 2011. “This represents the first time the Gini index has shown an annual increase since 1993, the earliest year available for comparable measures of income inequality,” the Census said....
