Airing on Wednesday, January 21, 2015: The idea of middle-class economics was front and center in the president’s State of the Union address. Sure, it serves as a political framework, but how does it work as an economic one? Plus, as part of a settlement with the SEC, ratings agency S&P has been banned from rating certain bond deals for one year, creating an opportunity for competitors. Finally, reporter Stan Alcorn defines Davos Man as, “the suit-wearing, power-wielding Ubermensch that is the incarnation of the global financial elite.” We look at the evolution of both the term and the man.
Airing on Wednesday, January 21, 2015: The idea of middle-class economics was front and center in the president’s State of the Union address. Sure, it serves as a political framework, but how does it work as an economic one? Plus, as part of a settlement with the SEC, ratings agency S&P has been banned from rating certain bond deals for one year, creating an opportunity for competitors. Finally, reporter Stan Alcorn defines Davos Man as, “the suit-wearing, power-wielding Ubermensch that is the incarnation of the global financial elite.” We look at the evolution of both the term and the man.
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