Business Insider Author: Henry Blodget Article Mentions
Author, Henry BlodgetMentioned, Sewell Chan Mentioned, Ben Bernanke Mentioned, Banana Republic
Ben Bernanke addressed the country's growing wealth-and-income inequality in his 60 Minutes interview. He's not a fan. Here's Sewell Chan in the NYT: When asked about rising inequality in the United States, Mr. Bernanke offered a response that was likely to be embraced by liberals. Its a very bad development, he said. Its creating two societies. And its based very much, I think, on educational differences. The unemployment rate weve been talking about. If youre a college graduate, unemployment is 5 percent. If youre a high school graduate, its 10 percent or more. Its a very big difference. Mr. Bernanke added: It leads to an unequal society, and a society which doesnt have the cohesion that wed like to see. How extreme is this inequality? It...(read more)
... Ben Bernanke addressed the country's growing wealth-and-income inequality in his 60 Minutes interview. He's not a fan. Here's Sewell Chan ...
... in the NYT: When asked about rising inequality in the United States, Mr. Bernanke offered a response that was likely to be embraced by liberals. Its a very bad development, he said. Its creating two societies. And its based very much, I think, on edu ...
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