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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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President Obama cracks whip on cybercrime

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Having run out of patience for Congress to act on a cybersecurity bill, President Obama has decided to take matters into his own hands.

Obama signed an executive order on Tuesday addressing the country’s most basic cybersecurity needs and highlighted the effort in his State of the Union address.

 “We cannot look back years from now and wonder why we did nothing in the face of real threats to our security and our economy,” Obama said.
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http://money.cnn.com/2013/02/12/technology/security/obama-infrastructure-cybersecurity/index.html

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