Are the rich getting richer while the poor get poorer? Prof. Sean Mulholland uses several statistical measures and finds that this common perception may not be accurate. A surface-level examination of statistics may indicate that the poor are getting poorer, but a more thorough study shows that there is more income mobility in the United States than many might think. Prof. Mulholland highlights data showing household income by quintile adjusted for inflation and even uses data that follows specific households over time. For example, if we look at households in the bottom quintile in 1987 and follow those individual households until 1996, about 45 percent of them have moved up to a higher quintile.
In the next 10-year period, about 40 percent of households move up. Watch the video to see Prof. Mulholland's findings about income mobility for the top 20 percent of income earners over time and for U.S. households across generations, too. Prof. Mulholland says this data provides "evidence that the possibility of upward mobility in the United States is still very real."
Steve Horwitz explains that, contrary to popular belief, the poor are getting richer: Learnliberty.org
The original Sean Kinkade (SK) Park Hawk! Version 1! What an amazing machine. Its hard to believe when you first see it, but it is the easiest thing to fly and has proven to be quite robust. Robert found this gem hanging from the roof of one of our local hobby shops and had to pick it up. I had been eyeing it for quite a while and maybe I should have picked it up. Either way its a joy to witness and to fly.
This short film was a test for Thomas Edison's Kinetophone project, the first attempt in history to record sound and moving image in synchronization. This was an experiment by William Dickson to put sound and film together either in 1894 or 1895.
Unfortunately, this experiment failed because they didn't understand synchronization of sound and film. The large cone on the left hand side of the frame is the "microphone" for the wax cylinder recorder (off-camera). The Library of Congress had the film. The wax cylinder soundtrack, however, was believed lost for many years. Tantalizingly, a broken cylinder labeled "Violin by WKL Dickson with Kineto" was catalogued in the 1964 inventory at the Edison National Historic Site.
In 1998, Patrick Loughney, curator of Film and Television at the Library of Congress, retrieved the cylinder and had it repaired and re-recorded at the Rodgers and Hammerstein Archive of Recorded Sound, Lincoln Center, New York. Since the Library did not possess the necessary synchronizing technology, Loughney - at the suggestion of producer Rick Schmidlin - sent multi-Oscar award winner Walter Murch a videotape of the 17 seconds of film and an audiocassette of 3 minutes and 20 seconds of sound with a request to marry the two. By digitizing the media and using digital editing software, Murch was able to synchronize them and complete the failed experiment 105 years later. This 35mm film was generously made available to the Internet Archive by Walter Murch and Sean Cullen.
Title: Civilization (MEGAPLEX), 2008 By: Marco Brambilla
Client: The Standard Hotel, New York
Editor/Research Assistant: Beau Dickson
Assistant: Swapna Tamhane
Production Company: Crush, Toronto
Representation/Images Courtesy of: Christopher Grimes Gallery, Santa Monica
Marco Brambilla Directorial Representation: The Ebeling Group Ebeling Group U.S.A.
Imported Artists, Canada