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More: Sinking Yen a "Byproduct, Not a Focus" of Trade Wars Says Japan; G-20 Takes Harder Line on Currencies
See more here: Can You Beat a Chimpanzee in a Memory Test?
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%
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
Read More: Reader Reflections on "Watson" the Medical Computer
In addition to stock market cheerleading and targets from Japan’s economy minister, Yen Weakens as Candidate for Bank of Japan Promotes Easing . Japanese stock futures rose and the yen weakened after Haruhiko Kuroda, a potential contender for Bank of Japan chief, said additional monetary easing can be justified this year.“If we do see a BOJ Governor of Kuroda’s calibre, the dollar-yen could well punch through 95 and would head to 100 very quickly,†said Evan Lucas, Melbourne-based market strategist at IG Markets Ltd., a provider of trading services.
Looking for evidence of rebalancing in Europe? Don’t look here: German 2012 trade surplus soars despite weak December reports Germany’s trade surplus was the second highest in more than 60 years in 2012, pointing to an underlying resilience in Europe’s largest economy, although both imports and exports disappointed in the last month of the year
Please consider a repost of Quinn’s Illinois: regulations and cronyism crush entrepreneurship by Ben VanMetre. In Gov. Pat Quinn’s State of the State address , he said, “In our Illinois, small business means big business