Ruth Davis Konigsberg

Other People’s Money

Who's rich? Who's poor?

Konigsberg's first book is The Truth About Grief: The Myth of Its Five Stages and the New Science of Loss.

Thanks to Occupy Wall Street, everyone’s talking about personal income (but rarely, of course, mentioning their own. Some taboos are hard to break.)

• Over the weekend, the New York Times did a whole series on the “near poor”, a newly defined and hugely growing population that includes Jessie Adams, a floor refinisher who with his wife, a secretary, together earn about $49,000 a year.

•Larry Summers offers three ways to combat rising income inequality. Summers earned $586,996 in his last year at Harvard and was paid $5.2 million from hedge fund D.E. Shaw in 2009.

• Scott Turow gets wonky on the wealth debate with a couple of suggestions of his own, while NYPD cops bar protesters from the entire block where Mayor Bloomberg lives on 79th between Madison and 5th Avenues.

Konigsberg is senior editor at TIME and editor of TIME Ideas. The views expressed are solely her own.
Related Topics: larry summers, mayor bloomberg's apartment, near poor, occupy wall street, personal income, Scott Turow, The Opinionatrix, U.S.
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