U.K. Chancellor of the Exchequer George Osborne renewed his commitment to fiscal austerity by rebutting warnings that governments must spend more if their economies are to avoid a period of “secular stagnation.”
Medicare paid almost 4,000 doctors and medical providers more than $1 million apiece in 2012, including seven who received more than $10 million. Eye doctors were among the highest compensated, including one Florida ophthalmologist who received $21 million.
President Barack Obama signed two executive actions today designed to shed light on the pay practices of federal contractors, which he said will help eliminate salary disparities between men and women.
Qassem Ali-Loui was feted as a hero: Interviews on state television, armfuls of gifts, a tour of Milad Tower, Iran’s tallest building, and a free lunch at its revolving restaurant together with his wife and 19 children.
Policy makers on both sides of the partisan divide, from Treasury Secretary Jacob J. Lew to Mitt Romney’s economic adviser Glenn Hubbard, favor expanding the Earned Income Tax Credit. This rare harmony holds the potential to reshape the debate on bridging the growing opportunity gap.