DOES THE CONNECTICUT POWERBALL LOTTERY WIN DEFINE CAPITALISM?

Posted by Leonard Steinberg on November 29th, 2011 The winners of the $ 254 million record-breaking POWERBALL lottery identified themselves in Connecticut: the three money managers won a combined $ 108 million after taxes (that’s a lot of taxes!). They bought just one ticket, with numbers selected by the computer. Well, not exactly….it appears these… [Read More]

THE DISPARITY BETWEEN THE RICH TODAY AND 30 YEARS AGO…..

Posted by Leonard Steinberg on April 3rd, 2011 In 1980, the average CEO earned 42 times the average worker, according to the Institute for Policy Studies. In 2009, the multiplier had skyrocketed to 263. Has the disparity in wealth and incomes between the very rich and the working classes become a global hot button issue… [Read More]