As the government continues to pile up trillion dollar deficits, when interest rates return to a historical norm, interest payments on the national debt may exceed payments to Social Security recipients.
Middle-income households and workers haven't been disappearing. They've been moving into higher income levels, while the lowest-income groups have been getting smaller. But another recession could erase many of the gains made over 20 years.
A lobbying group in Canada is demanding home-sharing services like Airbnb face stiffer government regulation. Activists claims its all for "the community." But huge corporate hotel firms are the only ones likely to really benefit.