What Happens in the One Percent, Stays in the One Percent

Despite conservatives' denials about income inequality and the validity of the Occupy movement's mission, recent surveys show that the protest's rallying cry—"We are the 99 percent"—strikes a chord with many Americans. The economic mobility that once seemed a basic feature of American life has faded away; the U.S. now stands behind Denmark, Canada, and Britain, among others, when it comes to social mobility—62 percent of Americans born into the top two-fifths of the income distribution stay in that bracket, a far larger sum than in Britain (30 percent). The middle class retains a far higher degree of mobility—about 36 percent of Americans raised in the middle-fifth move up as adults—but people at either end of the economic spectrum are unlikely to budge.

 

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According to The Economist's forecasts, Libya is set to be the fastest growing economy in 2012 because of massive reconstruction efforts following the fall of Gaddafi's 42-year reign. 

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A utility company in Oklahoma hopes to become a model for smart energy consumption in the U.S. with its use of smart grid technology. 500,000 of their 800,000 customers have smart meters already, and they plan to have complete coverage in the state by the end of the year.
 
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