The fact is that income inequality is real; it’s been rising for more than twenty-five years. —President George W. Bush, January 2007
During the past thirty-three years the difference in America between being rich and being middle class became much more pronounced. People with high incomes consumed an ever-larger share of the nation’s total income, while people in the middle saw their share shrink. For most of this time the phenomenon attracted little attention from the general public and the press because it occurred in increments over one third of a century. During the previous five decades—from the early 1930s through most of the 1970s—the precise opposite had occurred. The share of the nation’s income that went to the wealthy had either shrunk or remained stable. At the first signs, during the early 1980s, that this was no longer happening, economists figured they were witnessing a fluke, an inexplicable but temporary phenomenon, or perhaps an artifact of faulty statistics. But they weren’t. A democratization of incomes that Americans had long taken for granted as a happy fact of modern life was reversing itself. Eventually it was the steady growth in income in equality that Americans took for granted. The divergent fortunes of the rich and the middle class became such a fact of everyday life that people seldom noticed it, except perhaps to observe now and then with a shrug that life was unfair.
Today's track list features Ian Dury and The Blockheads, which were active from 1977 until Dury's death in 2000. Now they're simply known as The Blockheads. The video above, from BBC Four, shows Dury and the Blockheads performing one of their best-known songs, What a Waste. It doesn't have a date, but it looks to be circa 1978.
Resistencia Suburbana – Taxman
Junior Parker – Taxman
Soulive – Taxman
R.E.M. – Laughing
Tool – Reflection
Umphrey’s McGee – Pequod
Patrick O’Hearn – So Flows the Current
The Blockheads – What a Waste
Caribou – Jamelia
Him – Universal Peoples
Talkdemonic – Starry Dynamo
Trey Anastastio Band – Sidewalks of San Francisco
David A. Arnott – Brown Baby
Beastie Boys – Multilateral Nuclear Disarmament
Pinback – Soaked
Caribou – Great Canadian Weekend
Malko Malko – Silks
Mercury Program – Arrived/Departed
The Brutalist School – Like Powder
Paco De Lucia – Chanela
Bruce Hornsby – Song B
Scenic – Skylight
Ugress – Hovercraft Expedition
Bambi Molesters – The Kiss Off
Aphex Twin – Hexagons
Dalek – Tarnished
Nicolas Jarr – Too Many Kids Finding Rain in the Dust
Isis – Dulcinea
Here are the top 10 most relaxing tunes:
1. Marconi Union - Weightless
2. Airstream - Electra
3. DJ Shah - Mellomaniac (Chill Out Mix)
4. Enya - Watermark
5. Coldplay - Strawberry Swing
6. Barcelona - Please Don't Go
7. All Saints - Pure Shores
8. Adele – Someone Like You
9. Mozart - Canzonetta Sull'aria
10. Cafe Del Mar - We Can Fly
Your take: What music keeps you calm? Comment here or go to our Facebook page to join the conversation.
Luscious Jackson, featured in the video above, broke up in 2000 to spend more time with their families. They've since reunited, and you can listen to one of their new tracks here. In other bumper music news, today's show featured Empirical Evidence, by Wounded Buffalo Theory. The Takeaway's director, is the drummer (and then some) for Wounded Buffalo Theory.
Bob Mould – Sunspots
Garaj Majal – Of a Simple Mind
The Disco Biscuits – Aceetobee
Luscious Jackson – Naked Eye
Django Rhinehart – Stormy Weather
Four Tet – Plastic People
Paul Weller – Steam
Widespread Panic – Raise the Roof
Wounded Buffalo Theory – Empirical Evidence
The Bad Plus – Human Behavior
Dalek – Tarnished
Papercuts – Do What You Will
Lusine – Operation Costs
Broken Social Scene – 7/4 Shoreline
Last Thursday, President Obama signed the Jumpstart Our Business Startups Act, or JOBS Act, which included many policies intended to help small and emerging businesses grow into larger, more successful companies.
A lot of good stuff here, including the video of Devo above. There's actually an entire YouTube channel devoted to Devo videos, aptly titled DEVOvision. But I digress, because the geek in me just loves Tom Lehrer singing The Elements, which you may have heard on today's show.
The Philadelphia Experiment – Ain’t it the Truth
Cloud Cult – We Made Up Your Mind For You
SISE – Beyond Outside
Arcade Fire – Keep the Car Running
The Donnas – Drive My Car
Moe – Macintyre Range
David Bowie – Bring me the Disco King
Boards of Canada – Kid for Today
Malko Malko – Isopod
Beats Antique – There Ya Go
Crystal Method – London
Devo – Freedom of Choice
Don Cherry – Malkauns
Tom Lehrer – The Elements
Tortoise – The Equator
Bonobo – Days to Come
Underworld – Twist
Black Uhuru – Happiness
Soul Asylum – Misery
Calexico – El Gatillo
The Samual Jackson 5 – Eye Eat Lotus
Charles Bradley – No Time For Dreaming
Mr. Scruff – Get a Move On
Igor Stravinksy – Rite of Spring
The Ventures – Pipeline
Blind Melon – Three is a Magic Number
Light Asylum – End of Days
Beirut – In the Mausoluem
Liquid Tension Experiment – Osmosis
Andrew Bird – Anonanimal
Minus The Bear – The Game Need Me
In his newest book, Rebuild the Dream, green economy pioneer Van Jones reflects on his journey from grassroots outsider to White House insider, shares intimate details of his time in government, and provides a blueprint to reinvent the American Dream. Along the way, he contrasts the structure and rhetoric of the 2008 Obama campaign, the Tea Party movement and Occupy Wall Street. Below are his thoughts on cheap patriots versus deep patriots, and the way forward to reclaim, reinvent, and renew the American Dream. You can order the book here.
Today's guest host, Anna Sale, picked the last song on this list: Mushrooms and Roses by Janelle Monae. Anna said it's something she’s been listening to lately. What have you been listening to lately? Let us know in the comments and we'll do our best to include it as bumper music!
J Dilla – So Far to Go
Leonard Cohen – Democracy
Soulive – Revolution
Al Green – Happiness
R.E.M. – Shiny Happy People
Rhianna – Happy
Phish – Joy
Gregory Issacs – Happiness
String Tribute to Elliot Smith – Happiness
Rockwell – Somebody’s Watching Me
Broken Social Scene – Shoreline
From Monuments to Masses – Conclusions
Madness – Our House
The Roots – You Got Me
Brothers Past – Bitches and Candy
Bon Iver – Come Talk to Me
Janelle Monae – Mushrooms and Roses
Many governments spend more money then they take in. This is known as deficit spending. This is not necessarily a bad thing, but it is possible for their debt to get so large that they will no longer be able to operate. At least, the cost of borrowing money will be so greatly increased, that it becomes an obstacle. When this happens, countries must take action to get their balance sheets in order.
Since Halloween 2011, an estimated $1.6 billion of customer funds have gone missing from failed brokerage firm MF Global. The hunt has taken months with few results.
Tomorrow, the House Financial Services Subcommittee on Oversight and Investigations hosts its third hearing on the matter, and there might be a clue on where to look. Takeaway business editor Charlie Herman tells us the big number to watch for: $200 million.
Presidential candidate Mitt Romney is leading the pack of GOP hopefuls, but that doesn't mean he's escaped criticism for not being able to unify the Republican party: some say he's not conservative enough, or that he's not likable. Of course, the perceived inability to unify the party isn't unique to Romney.
It's musical chairs for The Takeaway this week, as John Hockenberry guest-hosts the BBC's World Update program in London, while World Update host Dan Damon joins The Takeaway. Here, John shares some thoughts from across the pond:
It’s starting to feel a little late in the day around here. The afternoons are getting longer and there is not much time left to make the magic happen. You might say that London is a city dressing up for a hot date, an all-out go-for-broke global celebration. This is a wear the pearls and the gold necklace moment. Yes, this is the moment for those traffic-stopping above-the-knee boots and that the fancy hat you haven’t worn in a long time, you know the one. You can see it everywhere here.
As part of our Super Tuesday coverage we asked you which songs best represent it and the rest of the primary season. By text, Facebook, Twitter, and voice, this is what you told us.
Everybody Wants to Rule the World - Tears for Fears
Crossroads - Bone Thugs-n-Harmony
Crumbling Down - John Mellencamp
I Don't Care Anymore - Phil Collins
Send in the Clowns - Frank Sinatra
Helter Skelter - The Beatles
Panic in Detroit - David Bowie
Whipping Post - The Allman Brothers Band
Cold Sweat - James Brown
It's My Party - Leslie Gore
Everybody Loves A Clown - Gary Lewis and the Playboys
Everybody Knows - Leonard Cohen
Waiting Room - Fugazi
Ring of Fire - Johnny Cash
You Talk Too Much - Joe Jones
Won't Get Fooled Again - The Who
Possum Kingdom - The Toadies
Satisfaction - The Rolling Stones
If I Only Had a Brain - Warner Brothers
A Change is Gonna to Come - Sam Cooke
Another One Bites the Dusk - Queen
The Takeaway host John Hockenberry spoke Friday at TED2012 in Long Beach, California.
Design has always been a part of Hockenberry's life. His father, who was a designer for IBM and Kodak, taught him what good design looked like.
Excerpted from "The Man Without a Face" by Masha Gessen
Encouraged by his former deputy’s meteoric rise, Sobchak decided to end his Paris exile and go back to Russia in the summer of 1999. He returned full of hope and even more full of ambition. As Sobchak was leaving Paris, Arkady Vaksberg, a forensics specialist turned investigative reporter and author with whom Sobchak had become friendly during his years in France, asked him whether he hoped to return to Paris as an ambassador. “Higher than that,” replied Sobchak. Vaksberg was sure the former mayor was aiming for the foreign minister’s seat: the rumor in Moscow’s political circles was that Sobchak would head up the Constitutional Court, the most important court in the country.
Shortly after four o’clock on the afternoon of Wednesday, April 13, 2011, U.S. Treasury Secretary Tim Geithner walked down the hall from his office toward a large conference room facing the building’s interior. He was surrounded by a retinue of counselors and aides. When they arrived in the room—known around Treasury simply as “the large”—four people were seated at a long walnut table on the side near the door. Geithner and his entourage greeted them, then walked around to the far side and took their seats.
It all started with dinner.
In 2004 my husband, John, and I were celebrating our fifth wedding anniversary. That night we were the only Black people at Tru, a five-star restaurant in Chicago’s ultra-exclusive Gold Coast neighborhood. Instead of enjoying the romance of the moment, though, I ruined it by bringing up the discouraging status of Blacks in America. Although we moved on to other topics, they all seemed to lead us back to how fortunate we were and how we should be doing more to help improve the situation— The Black Situation.