Income gap not wide between rich, poor

A Congressional Budget Office study has claimed that between 1979 and 2007 after-tax income for richest households grew substantially more than it did for others. Let’s look at what is not happening. The poor are not getting poorer because the rich are getting richer. Gary Burtless of the Brookings Institution says living standards have improved […]

Arrest of Russia’s richest man could be election ploy

Freedom Newspapers The arrest of the richest man in Russia, Mikhail B. Khodorkovsky, on charges of embezzlement, fraud and tax evasion, could be a signal of a titanic political struggle over the future course of the country. Khodorkovsky, who was chairman of Yukos Oil, reputed to be Russia’s richest company, has in the past used […]