This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators. The most striking numbers on income inequality will come last, showing the dramatic change in the ratio of the average CEO's paycheck to that of the average factory worker over the past 40 years. First, though, some definitions. Generally speaking, wealth is the value of everything a person or family owns, minus any debts. However, for purposes
crisis is far from over until economic growth and unemployment is stabilized. The Eurozone crisis across Europe can be blamed on the collapsed globalization of finances, international trade imbalances, and the bubble of the property market. For example, Ireland’s banks created a huge housing bubble due to banks lending money to property developers. This action have steered some of the countries in the Euro such as Ireland, Italy and Greece to drive up their sovereign debt relative to their GDP. “Rochet
the Father of Modernist Architecture In general, modern architecture is characterized by the simplification of form and the creation of ornaments from structures and themes of buildings. As stated by US General Service administration (2003), it is a term applied to an overarching movement, with its exact definition and scope varying widely [US General Service administration (2003)]. Form follows function is a famous principle associated with the modern architecture as well as industrial designs of
The Cultural Politics of Pokemon Capitalism It is fall 1999 and a jet from Japan has just pulled up to its berth at LAX airport in Los Angeles. Immediately a crowd of kids excitedly gathers by the window to view what appears to be a huge flying Pikachu: the yellowy cute, electrically charged mouse-type pocket monster of what was then the biggest kid’s craze of the decade, Pokemon. Even parents recognize this iconic figure, familiar as they are with the basics of the phenomenon. Starting out as
In the latter part of 2008, the United States’ economy was rapidly plummeting - the stock market crashed, the housing bubble burst and gas prices skyrocketed. The majority of U.S. based firms faced the reality that they would not be able to survive during such desperate economic times. The U.S. automobile industry, in particular, began to buckle under the depressed economy. The government stepped in proposing a multi-billion dollar bailout to stimulate the economy and restore economic balance. The