Drudge Retort: The Other Side of the News

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Thursday, December 28, 2017

Net worth is a common metric used to measure an individual's financial health. It's simply the difference between all the assets someone owns (like cash, stocks, bonds, real estate, etc.) and all the liabilities they owe (like student loans, car loans, credit card debt, etc.). Today I want to explore the net worth of Americans based on age bracket. I start by taking a look at the distribution of net worth by age, then by looking at what percentage of each age bracket has a positive and negative net worth, and end by comparing the net worth of the 1% with the median net worth for each age bracket. Let's have a look! read more

The victims of sexual harassment who have recently come forward are far from alone: Nearly half of women say they have experienced some form of it at work at least once in their careers. But there has been little research about those responsible. In a new survey, about a third of men said they had done something at work within the past year that would qualify as objectionable behavior or sexual harassment. The survey -- the result of a collaboration between The New York Times, leading sexual harassment researchers and the polling and media company Morning Consult -- was nationally representative of men who work full time. read more

Wednesday, December 27, 2017

A video of first daughters Tiffany and Ivanka Trump blowing kisses to their followers in bikinis is being met with mostly criticism in return online. In the short clip uploaded to Twitter Tuesday, the two women can be seen posing in their bikinis as "O Holy Night" is heard playing in the background while lounging by the pool at their father's Mar-a-Lago estate in Florida. Melania Trump wished fans a Merry Christmas with a Santa-themed selfie on Monday which prompted much criticism on social media from users who found the first lady's facial expression "disgraceful," and too sexy. read more

Russian Foreign Ministry spokeswoman Maria Zakharova on Wednesday rejected U.S. criticism over opposition leader Alexei Navalny's blocked presidential bid, saying it amounted to "meddling in the Russian elections." "This statement by the U.S. Department of State, which I'm sure will not be the only one, is a direct interference into the electoral process and the state's domestic affairs," Zakharova said in comments carried by state-owned TASS news agency.

The U.S.'s widening gap between the rich and poor is partly due to less progressive taxation, the World Inequality Report 2018 said, a finding that may spark additional debate about the current Republican tax reform effort, which critics say will reward the wealthy and corporations far more than the middle class or lower-income households. The share of American national income controlled by the country's top 10 percent of earners stood at 47 percent in the U.S. and Canada last year, compared with 46 percent for Russia. Europe's share of income held by its top 10 percent of earners stood at 37 percent, by comparison. Yet in 1980, the United States and Western Europe had similar levels of inequality, the researchers found. At that time, the top 1 percent held about 10 percent of income. Fast forward to 2016, when the balance had shifted considerably, with the top 1 percent in Europe holding a 12 percent income share, compared with 20 percent in the U.S. read more


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