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A New Gilded Age Threatens The State Of Our Union

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The numbers are shocking — assuming that we still have the capacity for shock — and they will form the backdrop for President Barack Obama’s State of the Union speech on Tuesday.

The president will declare himself a foe of “income inequality,” with good reason: As a nation, we have climbed out of the deep hole of the Great Recession, but we have not done so as a whole people.

For the first time since precise recordkeeping began a century ago, 10 percent of Americans take in more than half the country’s income.

In the last 40 years, the income of the top 1 percent of Americans has quadrupled, while incomes for everyone else have stagnated.

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Reclusive Heiress Leaves Behind 5 Homes Worth $180 Million

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From AOL Real Estate.

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When Huguette Clark died in spring 2011, she left behind a massive fortune, two conflicting wills, the mysterious aura of recluse, and some of New York City’s choicest real estate. Now the fates of three apartments owned by the famed philanthropist, who was last photographed more than 80 years ago, are set to be settled: The residences are on sale for $55 million.

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