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The original source of the data is a study Striking it Richer: The Evolution of Top Incomes in the United States by Emmanuel Saez. From 2009 to 2011, average real income per family grew modestly by 1.7% but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%
As expected in this quarter (but not by economists) eurozone economies contracted at the sharpest rates in four years with Germany, France, and Italy falling short of consensus estimates. The eurozone consensus was .4%. The 17-nation bloc shrank at .6% quarter-on-quarter while the broader 27-nation bloc shrank .5% quarter-on-quarter.
Aaron Swartz protesting SOPA. ( Demand Progress ) Unfortunately, what many in the tech community seem not to realize, or have forgotten in their moment of presidential aggrandizing, is that Obama represents bi-partisan servitude to corporate-financier interests , the very interests that off-shored the planet’s most advanced and capable manufacturing base in human history in the first place.
Segment Start: 01 h 29 min 31 sec Segment End: 01 h 51 min 05 sec 5. Under the Radar
However, economists were wrong again as Japan fourth-quarter GDP shows economy still in recession Japan’s economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession and adding weight to the new government’s push for radical policy steps to revive growth.
See the article here: Reflections on Rand Paul’s Response to Obama’s State of the Union Address
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Moreover, Inflation is a cause for optimism says Bank of England governor Mervyn King.