Three of the world's richest and most powerful people (and Timothy Geithner) had a good laugh over income inequality earlier this year. Former Treasury Secretaries Robert Rubin, Henry Paulson and Geithner were asked about the issue by Facebook executive Sheryl Sandberg during a conference in Beverly Hills. When Paulson responded that he'd been working on income inequality since his days at Goldman Sachs, Geithner quipped, "In which direction?"  "You were increasing it!" cracked Rubin, as everyone on stage roared with laughter.

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BING NEWS:
  • Here's how much income it takes to be considered rich in your state
    Many Americans aspire to join the ranks of the wealthy, but the income threshold for being considered rich depends a lot on where you live. It also takes considerably more income to join the top 5 ...
    04/26/2024 - 11:33 am | View Link
  • How much money it takes to be 'rich' in America for 2024
    Cost of living, local economies, and tax structures all play a role in how much income is needed to be considered wealthy. A recent study by GOBankingRates, a platform focused on personal ...
    04/26/2024 - 9:01 am | View Link
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    The Daily Dot, Saturday - 05/04/2024 - 09:11 AM

    A long, long time ago in a galaxy far, far away Rudy Giuliani was not only respected, but revered as "America's Mayor." The hero of 9/11 (which he'd tell you every other sentence). He never deserved any of it, of course. He was always a nasty piece of work, a philanderer, racist and, frankly, an asshole who couldn't get along with anyone.

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  • Greedflation Comes From Monopolies, Period
    The Daily Dot, Saturday - 05/04/2024 - 09:11 AM

    Progressive policy experts took aim at corporate greed and profiteering during a Thursday U. S. Senate hearing on "shrinkflation," the process of reducing the size or quantity of a product while selling it at the same price. At the Senate Committee on Banking, Housing, and Urban Affairs hearing—entitled "Higher Prices: How Shrinkflation and Technology Can Impact Consumers' Finances"—Chair Sherrod Brown (D-Ohio) began by acknowledging that "prices today are far too high, and families are having a harder time finding a fair price, seeing more of their paycheck vanish into thin air." "All of this is happening while corporate profits hit record highs," the senator continued.

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  • Hey Katy Tur: It's Called The Right Wing Echo Chamber, Not 'Media Silos'
    The Daily Dot, Saturday - 05/04/2024 - 09:11 AM

    MSNBC's Katy Tur and Axios' Jim VandeHei managed to have a very long conversation about the effects of right wing propaganda without ever mentioning the words right wing propaganda. I guess I should quit being astounded by stuff like this, but it continues to amaze me how people in our corporate news media dance around naming just who exactly is responsible for turning most Republicans' brains into mush. Here's the transcript of the beginning of their exchange from her show this Thursday, and notice the words that aren't used here.

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  • Nothing Can Shock You About Trump? His TIME Interview Will
    The Daily Dot, Saturday - 05/04/2024 - 09:10 AM

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  • Mike's Blog Round Up
    The Daily Dot, Saturday - 05/04/2024 - 08:02 AM

    Public Notice: Trump isn't even trying to hide it. Press Watch: An interview with a newsroom leader who speaks the truth about Donald Trump. Reading the Pictures: The feast of the arms industry (video). Governing: A lethal shift in America's gun violence crisis. Hackwackers: Rounding up the insanity. Greater Good: Three reasons you need anger. This installment by Batocchio.

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  • Trump Accidentally Confesses Outside The Courtroom
    The Daily Dot, Saturday - 05/04/2024 - 08:00 AM

    I know you'll find this hard to believe, but Donald Trump isn't really a stable genius. What's that, you say? OK, you didn't say that. I did. Captain Capslock took to Truth Social while on break during the hush money/election interference trial to dramatically feign victimization again. But while throwing his pity party, the twice-impeached, four-times indicted former President, who left office in disgrace, accidentally admitted that the Stormy Daniel's $130,000 payoff would have mattered if it came out before the election. "THIS ISN'T A TRIAL, IT'S A POLITICAL CAMPAIGN, A WITCH HUNT, JUST LIKE THE HIGHLY CONFLICTED AND BIASED JUDGE, JUAN MERCHAN, WANTED IT TO BE, "the former President wrote.

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