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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 28 March 2012 [View all]Demeter
(85,373 posts)54. US economic model broken, says survey
http://liveweb.archive.org/http://www.ft.com/cms/s/0/fe692804-71d0-11e1-b853-00144feab49a.html#axzz1pd6xsnL3
Almost two-thirds of working-age adults believe the US economic model no longer works for the majority of Americans according to research.
Of those who thought the system no longer worked, 51 per cent said they were not prepared to take risks with savings, showing how concerns about economic fairness lead to caution about the risky investments that the system depends on...
If the American economic system is set up to reward risk takers, what happens when the majority of Americans are no longer willing to take risks? said David Bowers, managing director of Absolute Strategy Research, a London-based investment consultancy that commissioned the research.
WHAT INDEED? AND WHY WOULD LONDON CARE?
Fairness was the biggest perceived flaw in the economic model only 20 per cent of Americans said it distributes wealth and income fairly. Majorities said the US system did not provide equal opportunities for everyone or reward people for their hard work and skill. Concerns about the US economic model were similar across different ages and genders, with wealthier and better educated Americans only slightly less likely to conclude that the system was broken. There was a sharp political divide, however, with 77 per cent of self-identified Democrats agreeing that the system was broken compared with 51 per cent of Republicans. Among independents, 64 per cent thought that the economic model no longer worked, suggesting an opportunity for Mr Obama if he can convince this swing block of voters that his policies will improve the system...
Almost two-thirds of working-age adults believe the US economic model no longer works for the majority of Americans according to research.
Of those who thought the system no longer worked, 51 per cent said they were not prepared to take risks with savings, showing how concerns about economic fairness lead to caution about the risky investments that the system depends on...
If the American economic system is set up to reward risk takers, what happens when the majority of Americans are no longer willing to take risks? said David Bowers, managing director of Absolute Strategy Research, a London-based investment consultancy that commissioned the research.
WHAT INDEED? AND WHY WOULD LONDON CARE?
Fairness was the biggest perceived flaw in the economic model only 20 per cent of Americans said it distributes wealth and income fairly. Majorities said the US system did not provide equal opportunities for everyone or reward people for their hard work and skill. Concerns about the US economic model were similar across different ages and genders, with wealthier and better educated Americans only slightly less likely to conclude that the system was broken. There was a sharp political divide, however, with 77 per cent of self-identified Democrats agreeing that the system was broken compared with 51 per cent of Republicans. Among independents, 64 per cent thought that the economic model no longer worked, suggesting an opportunity for Mr Obama if he can convince this swing block of voters that his policies will improve the system...
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The Farmers Are Beating The Hunters In The Stock Market {i don't know what this is}
xchrom
Mar 2012
#29
Dear Mr. Douthat: Forcing people into the clutches of vampire insurance is not "liberalism"
bread_and_roses
Mar 2012
#36
WaPo Annual Report Reveals Widespread Accreditation and Legal Problems at Kaplan University
Demeter
Mar 2012
#42
Based on his track record in "Partners in Health" and at WHO, he's an "enlightened world citizen"
FarCenter
Mar 2012
#56
Counted votes today on our Senior Council election today for our Low Income building.
kickysnana
Mar 2012
#70