In this preview, Joseph E. Stiglitz says corporate abuse of our tax system has helped make America unequal and undemocratic. But the Nobel Prize-winning economist has a plan to change that.
In America right now inequality is too great, unemployment too high, public investments too meager, corporations too greedy and the tax code too biased toward the very rich.
But the Nobel Laureate economist Joseph E. Stiglitz says it doesn’t have to be this way. He has a new plan for overhauling America’s current tax system, which he says contributes to making America the most unequal society of the advanced countries.
On Bladensburg Road along the border of Prince George’s County, Md., and Washington, D.C., a billboard reads, “57% of District of Columbia students drop out.” The billboard is large and imposing, with an orange backdrop and bold diagonal dashes on each side to mimic a road-hazard sign. Many would find the content of the sign to be consistent with the frequently cited report “The Urgency of Now: The Schott 50 State Report on Public Education and Black Males,” by the Schott Foundation, which states that Washington, D.C., has a graduation rate of 38 percent for black males.
To be blunt, the message on the billboard is a lie, and technically, the percentage of students who drop out has only a little to do with the percentage that graduates. Yes, this is counterintuitive, but I will explain more later.
The high school dropout rate in D.C. is less than 10 percent for all students, and 14 percent for black males (pdf). The Schott Foundation’s observation that the graduation rate for black males is 38 percent is accurate. However, since most people do not know the difference between the graduation rate and the dropout rate, the report is misrepresented far more than it is accurately presented. Anyone doing an analysis of demographic trends in the D.C. metro area understands that any measure of cohort graduation rates will be influenced by the outmigration of black people from the city core.
Check out this surreal infrared photographs taken by France-based photographer David Keochkerian pic.twitter.com/Ue8qTqf3hA
Curated from twitter.com
The caramel-chocolate flavored candy bar looked so innocent, like the Sky Bars I used to love as a child.
Sitting in my hotel room in Denver, I nibbled off the end and then, when nothing happened, nibbled some more. I figured if I was reporting on the social revolution rocking Colorado in January, the giddy culmination of pot Prohibition, I should try a taste of legal, edible pot from a local shop.
Not at first. For an hour, I felt nothing. I figured I’d order dinner from room service and return to my more mundane drugs of choice, chardonnay and mediocre-movies-on-demand.
I left a very brief comment. Click here to read it.
Curated from www.nytimes.com