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Author Archives: Steve Hargreaves
  • America's most unequal cities

    And the most unequal city in America is… Atlanta! Where the rich earn nearly 19 times the poor.

    A new study from the Brookings Institute analyzed data from the U.S. Census Bureau and ranked America's 50 largest cities. It compared the household income of the richest in each city -- defined as the 95%th percentile -- with that of the poorest, or the bottom 20% of households.

    But the reason Atlanta is so MORE

    - Feb 21, 2014 12:40 PM ET
  • Making it into the middle class

    It's nice to think one can easily go from being dirt poor to filthy rich, but it doesn't usually work that way.

    Of people born into lower income households, few will ever make it into the middle class, according to a recent study from Pew Charitable Trust. Only a tiny percentage rise into the highest income bracket.

    Of those that did move into at least the middle class, they had these traits MORE

    - Nov 13, 2013 10:36 AM ET
  • Putting U.S. debt in perspective

    The recent shutdown spat and debt ceiling brawl in Washington was about many things – pride, power, a hatred of big government, Obamacare, perhaps Obama himself. But nestled among those concerns is debt – specifically, a fear that we're borrowing more than we can afford.

    So how bad is it?

    The raw number looks pretty bad.

    But before people go cutting up social security cards or building doomsday shelters, consider this: most nations MORE

    - Oct 17, 2013 5:00 AM ET
  • Shutdown week 2: Still hurts

    As the government shutdown finishes its second week, many Americans are feeling the pain.

    Paychecks getting hit

    Furlough days sliced $600 from Tammy Woodard's paycheck as a contracting specialist at Aberdeen Proving Ground in Maryland. The mom of two-year-old twins needs that money to pay for daycare and doctor visits for her sons Levi and Preston. Also, the mounting furlough days, from both the sequester and the shutdown, has made it tough MORE

    - Oct 11, 2013 5:26 PM ET
  • Why Syria matters to oil markets

    As a U.S. military strike against Syria grows increasingly likely, oil prices have slowly crept higher.

    Syria itself produces very little oil.

    But its neighbors produce a lot of it. The fear is that these neighboring countries could get dragged into the conflict, and oil production and transport may be interrupted.

    The possibility of these counties becoming engulfed in the war is remote, which is why U.S. oil prices rose only $5 a MORE

    - Sep 5, 2013 9:00 PM ET
  • Where U.S. aid to Egypt goes

    In the photos and television footage of the military takeover in Egypt over the last few weeks, it's impossible not to notice how many of the weapons on the ground are U.S.-built. Humvees, armored personnel carriers -- protesters have certainly noticed the "made in the USA" stamps on tear gas canisters.

    But this is actually the small stuff. For the last few decades the United States has given Egypt billions in MORE

    - Aug 20, 2013 12:48 PM ET
  • China, OPEC and the future of energy

    Already guzzling more energy than the United States to feed its power-hungry manufacturing sector, China is expected to use twice as much energy as the United States by 2040.

    This from the U.S. Energy Information Administration's latest International Energy Outlook, released Thursday.

    The central theme, which hasn't changed much in the last several years, is that under current policy, the world will use a lot more energy and emit a lot more MORE

    - Jul 26, 2013 10:00 AM ET
About This Author
Steve Hargreaves
Steve Hargreaves
Senior Writer, CNNMoney

Steve Hargreaves is a senior writer covering economic, energy and environmental issues at CNNMoney. Previously, he worked out of Istanbul and Bangkok, and has been published in the Village Voice and the Australian Financial Review. He tweets at @HargreavesCNN

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