Why you’re in debt

Here it is, clear as day, courtesy of “Who Rules America“ Figure 7: CEOs’ average pay, production workers’ average pay, the S&P 500 Index, corporate profits, and the federal minimum wage, 1990-2005 (all figures adjusted for inflation) Powered by ScribeFire.

New York Times says we should spend more

Whip out your credit cards and wipe out your retirement plans, ’cause the New York Times wants you to keep spending money. That’s the impression I got, anyway, after reading this feature about the wane of Japanese consumerism.  My favorite line comes in the lead paragraph: As recession-wary Americans adapt to a new frugality, Japan [...]