Here's a few of my favorite observations from this morning's media scan.There is an “autumn of the patriarch” feel to Mayor Michael R. Bloomberg these days. -- Michael Powell, New York Times.
|U.S. among world leaders in growing income inequality.|
According to a new report by the Organization for Economic Cooperation and Development, income inequality — which has sparked the Occupy Wall Street movement in the U.S. — is increasing all across the developed world, led by bankers and executives reaping bigger and bigger income gains.
“The social contract is starting to unravel in many countries,” OECD Secretary-General Angel Gurria said in a statement. “This study dispels the assumptions that the benefits of economic growth will automatically trickle down to the disadvantaged and that the greater inequality fosters greater social mobility.” -- TPM