Citi: "Wage Growth Only For The Wealthy"

Citi: "Wage Growth Only For The Wealthy"

Over the weekend we showed a Citi presentation in which Matt King laid out why he is growing concerned as the systemic tipping point approaches.

However, one slide deserves particular attention, the one in which King shows that job creation since 2009 has been largely bimodal, benefiting the two income extremes, or as he puts it "Chefs and CEOs, with not much in between." But even more notable is the chart on the right which King summarizes very simply: there has been wage growth but "only for the wealthy."

Is Online Free Speech Under Attack?

Submitted by Rudy Takala via The Washington Examiner,

Regulators in Washington are showing increasing interest in tightening rules on political speech on the web, arguing that the dissonant voices enabled by "new media" have become too influential. If that effort is successful, experts wonder whether it could impact more traditional media as well, especially in how it relates to conservatives.

Philippines ‘Donald Tump’ On Track To Win Presidency

Filipinos are casting their votes on Monday for a new president, with a tough-talking straight-shooting Donald Trump type of candidate poised as favorite to win. Voice of America reports: Rodrigo Duterte, the long-serving mayor of the southern city of Davao, is leading in public opinion polls by as much as 10 percentage points over his nearest rivals, Senator Grace Poe and Interior Secretary Manuel Roxas, the preferred candidate of outgoing President Benigno Aquino.

Mexican Drug Lord ‘El Chapo’ Is One Step Closer To U.S. Trial

Just days after  Joaquin ‘El Chapo’ Guzman was moved to a prison near the US border, a Mexican federal judge has ruled that the notorious drug lord can be extradited to the US to face criminal charges Guzman’s lawyers are fighting the decision. They say that several appeals remain pending and that any effort to send him to the U.S. now would violate his human rights.

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