Monday, November 7, 2011

Newsdome: Wealth gap between young and old at record high

Posted By on Mon, Nov 7, 2011 at 11:00 AM

The olds
>> The wealth gap between the young and old is wider than it's ever been. American households run by someone 65 or older are 47 times wealthier than those run by 35 or younger, 20 times the rate of 25 years ago. That reminds me, I need to ask my Nana for an early birthday present. (AP)

>> Greek Prime Minister George Papandreou is expected to resign following his country's economic crisis and appoint former European Central Bank deputy head Lucas Papademos to lead the interim government. The country will run out of money next month and Papademos will push through the bailout. Ghia'-chara', sucker! (Reuters)

>> The U.N.'s International Atomic Energy Agency reports that Iran is on the verge of becoming a nuclear state: "Intelligence ... shows that Iran's government has mastered critical steps needed to build a nuclear weapon, receiving assistance from foreign scientists to overcome key technical hurdles." Took 'em long enough. (the Washington Post)

>> Thousands gathered at the White House yesterday, exactly one year before the 2012 presidential election, to protest the 1,700-mile Keystone XL oil pipeline planned for America's heartland. The pipeline perpetuates our dependency on oil and could also be a terrorist target. Worse, it's ugly. (USA Today)

>> And finally: Occupy Wall Street passed a motion to spend $19,200 on 20 large tents to brave the winter. The tents are in violation of the private park owners' rules, but so far Zuccotti Park officials have not made any real efforts to block them. I wonder if those tents will have a cable hook-up. (AMNY)

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