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Today in our world…
48.8% of teenagers ages 16 to 19 are working or seeking jobs in the United States according to the US Department of Labor. Huh? Doesn’t that mean that more than half of people aged 16 to 19 are NOT working or seeking jobs? This is inconceivable to me. Where do they get money to go out with their friends? or buy clothes? or pay for college expenses? How do they spend their time?
Contrast that with the report in the the Boston Globe today on homeless people and the personal storage industry - turns out that many homeless people have more than one job, yet can’t save up enough money to get into an apartment because of on-going expenses, one of which is the monthly storage unit bill. Turns out that the storage industry is on to this market, as reported here on Inside Self Storage.com.
Well, this is the New Guilded Age, reports the New York Times:
“These days, Mr. [Sanford I.] Weill and many of the nation’s very wealthy chief executives, entrepreneurs and financiers echo an earlier era — the Gilded Age before World War I — when powerful enterprises, dominated by men who grew immensely rich, ushered in the industrialization of the United States. The new titans often see themselves as pillars of a similarly prosperous and expansive age, one in which their successes and their philanthropy have made government less important than it once was….
“Those earlier barons disappeared by the 1920s and, constrained by the Depression and by the greater government oversight and high income tax rates that followed, no one really took their place. Then, starting in the late 1970s, as the constraints receded, new tycoons gradually emerged, and now their concentrated wealth has made the early years of the 21st century truly another Gilded Age.
Only twice before over the last century has 5 percent of the national income gone to families in the upper one-one-hundredth of a percent of the income distribution — currently, the almost 15,000 families with incomes of $9.5 million or more a year…” New York Times, July 15, 2007
Underwear goes inside the pants
War News Radio
from Swarthmore College
Breaking Ranks
Then, we hear from soldiers on active duty who are also actively against the war. Listen now to Max Parke’s report.
We also find out how militant Islam has found a new foothold in Pakistan’s tribal areas. Listen now to Matthew Diaz’s report.
These stories, plus the week’s war news, from War News Radio.
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