Richest 1 Percent See incomes soar while middle class lags
A Congressional Budget Office study shows after tax income for the top 1 percent nearly tripling from 1979 to 2007, rising 275 percent, while middle earners gain 40 percent and bottom earners 18 percent. The report notes rising share for high income groups and cites Occupy Wall Street protests and tax reform debates.
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U.S
Congressional Budget Office
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United States
Doug Elmendorf
Gupta pleads not guilty in landmark insider trading case
Former Goldman Sachs and Procter and Gamble director Rajat Gupta is charged with conspiring to commit securities fraud and six counts of fraud for sharing confidential information with Raj Rajaratnam. He was released on 10 million dollars bail and awaited an April 9 trial in Manhattan federal court.
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U.S
Preet Bharara
Boom in oil towns brings rise in drunken driving and violence
The driller boom spurs more arrests and rowdy behavior in states including Pennsylvania and North Dakota as workers flock to wells and man camps. Officials report increases in DUI, assaults, protection orders, and court absences, while many workers lawfully contribute to the economy.
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Scott Busching
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Jordan Bourque
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Jason Phillips
Coldspring
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