The Middle Class Is Steadily Eroding. Just Ask the Business World
by Nelson D. Schwartz
In Manhattan, the upscale clothing retailer Barneys will replace the bankrupt discounter Loehmann’s, whose Chelsea store closes in a few weeks. Across the country, Olive Garden and Red Lobster restaurants are struggling, while fine-dining chains like Capital Grille are thriving. And at General Electric, the increase in demand for high-end dishwashers and refrigerators dwarfs sales growth of mass-market models.
As politicians and pundits in Washington continue to spar over whether economic inequality is in fact deepening, in corporate America there really is no debate at all. The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even further away.
I’m watching this documentary that shows how cinematic story-telling, editing and special effects, and film-house projection theaters actually began over 10 years before the work in France, Germany, and the USA. It explores film development and how England’s pioneering work was copied/stolen and sidelined by the later entertainment machinery of the USA and other countries.
Every day, we read about new government surveillance programs accessing more info about our private lives. We’re in a critical moment. Fortunately, momentum in Congress is building in support of the Email Privacy Act (HR 1852), which would update ECPA and require a warrant for online communications.
Caltech and NYU economists call for Apple ebooks trial verdict to be overturned
Apple’s prospects of a successful appeal against the ruling in the ebooks trial may be improved by a brief filed by two economists from Caltech and NYU who suggest that the ruling was in error and call for it to be reversed.
The current GOP’s attempts at attracting more oppressed ethnic and sexual groups is a farce. If you ever read any of their plans for this, it’s not about transforming the party to be inclusive of the rights of the grander population, it’s only about how to skew the rhetoric to swindle the oppressed into the GOP.
A powerful rendering of the tragedy of Elektra by Euripides, second in a trilogy. The film begins with a summary treatment without dialogue of the action of the preceding play, The Agamemnon, in which the wicked Queen Clytemnestra and her lover Aesgisthes murder her husband Agamemnon upon his return from the Trojan War.