China’s income gap narrowed for the fourth straight year in 2012, the country’s statistics chief said today, the first time in a more than a decade the government has released the politically sensitive figure.
The widening gap between rich and poor is eroding faith in the American dream.
Even as he calls income inequality the “defining challenge of our time,” President Barack Obama is pursuing new trade agreements that some of his political allies say will only make the problem worse.
Bloomberg QuickTake: Income Inequality (Audio)
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