Economist Tyler Cowen believes that income inequality in America is only increasing. His new book is called Average Is Over: Powering America Beyond the Age of the Great Stagnation.
Credit Stephen Gosling / Courtesy Dutton Adult
Tyler Cowen is a professor of economics at George Mason University. He is also the author of The Great Stagnation, An Economist Gets Lunch, Good and Plenty and Create Your Own Economy. He blogs at Marginal Revolution.
Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:
"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."
Native American tribes gave up millions of acres to the federal government in the 19th century in exchange for promises of funded health care, education and housing. But time and again, those funds have been cut.
The recent across-the-board federal budget cuts, known as sequestration, are no exception. They came with a 5 percent reduction in funding for mental health services, including suicide prevention. That's especially troubling for Native Americans, whose suicide rate are four times the national average.
Celebrity editor Tina Brown announced Wednesday that she's leaving The Daily Beast to launch her own media company. She has been a regular guest on Morning Edition. Brown, 59, plans to produce live forums on news topics.
Brown has edited some of the most prestigious publications: Vanity Fair, The New Yorker and Tattler. Five years ago, she helped found The Daily Beast — a news and opinion website. Now, the editor-in-chief says she's leaving to do what she calls "theatrical journalism" before live audiences.
The U.S. Supreme Court may have decided almost three months ago the case known as Adoptive Couplev. Baby Girl. But the young Native American girl known as "Baby Veronica," who turns 4 years old on Sunday, is still stuck in legal limbo.
Originally published on Wed September 11, 2013 6:46 pm
North Korea appears to be in the process of restarting a nuclear reactor used to produce weapons-grade plutonium, five years after shutting the facility down as part of international disarmament efforts.
New satellite imagery appears to reveal that the 5-megawatt reactor at Yongbyon, which experts believe can produce enough plutonium for one to two bombs a year, shows signs of being operational.
With the pause button pushed on the congressional debate over Syria, the House is turning its attention back to the issue that is expected to dominate the fall: the budget.
The long-running fight over spending and the debt is back. The House was supposed to act this week to avoid a government shutdown at the end of the month, and leaders had hoped to avoid drama. But the vote has been delayed, and drama is brewing.
You can literally see rockets when you drive into Huntsville, Ala., also known as the "Rocket City." NASA's Marshall Space Flight Center is here, along with scores of aerospace and defense contractors. The city also has one of the largest fully digital school districts: 24,000 Huntsville City Schools students use laptops or tablets instead of textbooks.
All of this partly explains the new cybersecurity class at Grissom High School. Huntsville City Schools and U.S. Army Cyber Command are developing the curriculum, which will eventually begin in middle school.
House Speaker John Boehner of Ohio (right) leads members of Congress as they step outside the Capitol on Wednesday to attend a ceremony in remembrance of the Sept. 11, 2001, terrorist attacks. With him are House Minority Leader Nancy Pelosi and House Minority Whip Steny Hoyer.
Originally published on Wed September 11, 2013 6:18 pm
Now that Congress' extraordinary Syria debate is on hold, at least for now, the next upcoming drama is really a return to much more familiar territory: how will congressional leaders get enough votes to pass legislation to keep the government from going off yet another metaphorical cliff.
Until Wednesday, it looked like Congress was moving toward a vote this week to fund the government past September, when the fiscal year ends, and into December — thus avoiding a shutdown. But that vote was postponed until next week at the earliest.