Income gap widens as top 1 percent pull ahead in 2015
The top 1 percent saw average income rise 7.7 percent to 1.36 million, while the bottom 99 percent gained 3.9 percent to 48,768 after inflation. The wealthiest 0.1 percent climbed about 9 percent to 6.75 million, underscoring growing inequality per Saez and Piketty. The analysis relies on IRS data.
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Washington
United States
Emmanuel Saez
University of California, Berkeley
Saez
Donald Trump
Hillary Clinton
Thomas Piketty
IRS
Hollywood
Mutua Funds
Wl -Mo
AmBalAm
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Unis
Union strike at Trump Taj Mahal in Atlantic City
Local 54 of the United HERE union began a Friday strike against the Taj Mahal casino opened in 1990 by Donald Trump and now owned by Carl Icahn. Icahn’s team says the union aims to close the property while noting extensive funding for Taj Mahal and Tropicana. The casino, near last in monthly gambling revenue, sought- bankruptcy relief recently and hosts Whitesnake that night.
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Atlantic City
N.J
United Here
Donald Trump
Carl Icahn
Icahn
Taj Mahal
Tropicana
US factory activity expands fastest in over a year
ISM index rises to 53.2 in June from 51.3 in May signaling improving manufacturing with stronger bookings and production. Expanding consumer spending helps lift the sector from a long slump tied to a stronger dollar and oil price declines, with export orders at a months high amid cautious global demand.
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Institute For Supply Management
Tempe
Ariz
Thomas Simons
Jefferies
New York
U.K
European Union
Bloomberg
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