Washington, D.C. (The Adobo Chronicles) – The American middle class, long the most affluent in the world, has lost that distinction, according to a New York Times (NYT) analysis.
While the wealthiest Americans are outpacing many of their global peers, the NYT analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.
But while America has lost one distinction, it has earned another, and Republicans are taking credit for it.
According to the same analysis, America’s poor are now the world’s poorest. “We believe that this new world record is due to sound, decades-long economic policies espoused by the Republican Party, said Senator Mitch McConnell, Jr., Senate Minority Leader.
With the mid-term elections this year and the next presidential elections in 2016, Republicans are hyped about their accomplishment and have expressed confidence that they will gain control of both houses of Congress as well as the presidency.
Click HERE to read more about the NYT Analysis.
Dallas, Texas (The Adobo Chronicles) – America-based AT&T is the world’s second largest telecommunications company with a market value in excess of $200 Billion. With over 105 million subscribers around the world and nearly a quarter million employees, AT&T has subsidiaries like AT&T Corp, AT&T Mobility, BellSouth, Southwestern Bell and AT&T Teleholdings.
Tokyo, Japan – Barack Obama faced the most embarrassing diplomatic standoff to date in his years as U.S. President. It happened during his visit to Japan, the first leg of his multi-nation tour of Asia.
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