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Salvatore Babones

Obama, Letterman, and the ‘I’ Word

May 6, 2015 /

by Salvatore Babones

If President Obama really wants upward mobility for poor people, then he should support downward mobility at the top. By Salvatore Babones [caption id="attachment_8944" align="alignright" width="300"] On the Late Show...

Why Are China’s Rich So Eager to Exit?

March 9, 2015 /

by Salvatore Babones

China has become the world’s leading billionaire factory, producing more new billionaires in 2014 than any other country. But the powerful billionaires who run China do not want to live...

America’s Leading Export: Inequality

February 24, 2015 /

by Salvatore Babones

You don’t have to buy the theories in Thomas Piketty’s ‘Capital in the Twenty-First Century’ to use his data. And those data show that the United States has become a...

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