Some of my best friends are very rich -- people with condos on Central Park West and tastefully refurbished palazzi in Italy. The puzzle: Why do so many of them vote Democratic or praise the high-taxing European welfare state?
Since President Enrique Pena Nieto took office last December, Mexico has embarked on a flurry of structural reforms in areas as varied as telecommunications, education, taxes and the country’s national oil industry.
Suffering from a debt hangover for the past four years, Americans will resort to a time-honored cure -- hair of the dog that bit them. A pickup in borrowing will give the world’s biggest economy a much-needed boost next year as federal government austerity pinches growth.
At a makeshift camp outside a Drummond Co. coal mine in northern Colombia, roughly 200 strikers played cards as fellow-worker and evangelical pastor Jehiz Castrillon urged them to stand fast in their fight for more pay.
Over the past three decades, the highest incomes in the U.S. have risen dramatically, and that has appropriately received lots of attention. At the same time, however, these high incomes have also become much more volatile, and that has gone almost unnoticed.