Self-made wealthy people are disappearing – six of today's 10 wealthiest Americans are heirs to prominent fortunes after being 'born into the right family,' writes Robert Reich. What does this mean for the rest of the US?
Howard Baker's strong advice helped Reagan through the Iran-Contra scandal, but he also knew when to back down. He urged dropping the line, 'Mr. Gorbachev, tear down this wall,' but the words were the president's own, and they stayed.
In his vast and varied career as US senator, White House chief of staff, and ambassador, Howard Baker was rarely away from his camera, which gave him a capacity to observe and reflect on events.
Until now, backers of reform have focused primarily on economic arguments: A reformed tax code would increase growth or create more jobs. But they may do better on tying tax reform to moral issues, such as fairness.