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What We Read Today 24 November 2016

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Topics today include:

  • U.S. Wealth Distribution over the Last 100 Years

  • Is There a Boundary Defining Unsustainable Wealth Inequality?

  • Climate Change in the Era of Trump

  • WikiLeaks Proves Obama was a Minion of Wall Street from the Beginning

  • Trump's Cabinet Begins to Take Shape

  • And More

Your editor didn't read much today - enjoying turkey with his family.

Happy Thanksgiving !

Articles about events, conflicts and disease around the world

Global

  • Climate change in the era of Trump (The Economist)  The Economist argues that with or without America, self-interest will sustain the fight against global warming.  Econintersect:  The self-interest is ultimately not altuistic but economic.  Fossil fuels are simply more expensive to use from the get-go as we move forward.

U.S.

  • Citigroup chose Obama’s 2008 cabinet, WikiLeaks document reveals (World Socialist Website)  Hat tip to Elliott Morss.  This article suggests that Barack Obama was the minion of Wall Street even before his first election.

  • Trump's Cabinet begins to take shape (The Hill)  President-elect Donald Trump is rewarding allies with top roles in his administration as he prepares to enter the Oval Office in January.  Trump is also showing a willingness to bury the hatchet with former rivals, considering some of them for Cabinet positions.  This article discusses some of the top names Trump has nominated or considered for his administration so far.

Other Scientific, Health, Political, Economics, and Business Items of Note - plus Miscellanea

  • The top 0.1% of American households hold the same amount of wealth as the bottom 90% (Business Insider)  The first graphic below is as posted by BI.  The others are with annotations by Econintersect.  The first annotated graphic suggests there have been two periods of rising American dream realizations over the last 100 years.  The second suggests that there is somewhere a boundary for wealth inequality that defines lack of sustainability.  First, here is the introduction from BI:

It's no secret that the US has an inequality problem. But actually looking at the disparity between the top and the bottom can still be staggering.

Deutsche Bank's chief international economist Torsten Sløk sent around a chart in a recent note to clients showing the share of US household wealth by income level. Notably, the top 0.1% of households now hold about the same amount of wealth as the bottom 90%.

wealth.inequality.1917.2016

wealth.inequality.1917.2016.rising.american.dreams

wealth.inequality.boundary.1917.2016


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