By: Thomas Sowell
| Posted: November 8, 2011 3:55 AM
One of the things that has struck me when I have gone on luxury cruise ships, is that most of the passengers look like they are older than the captain -- and luxury cruise ships don't have juveniles as captains.
Two years ago, in June 2009, the American economy emerged from recession, according to the National Bureau of Economic Research. But as this week's Economist noted, with typical British understatement, "The recovery has been a disappointment."
What's the fair way to run a large organization? That's a question that is squarely, and interestingly, raised by Justice Ruth Bader Ginsburg's dissenting opinion in Wal-Mart v. Dukes, a Supreme Court case decided last week.
Some of us called it the man-cession. In the deep recession that lasted from December 2007 to June 2009, according to the National Bureau of Economic Research, many more men than women lost their jobs.
One of the sad and dangerous signs of our times is how many people are enthralled by words, without bothering to look at the realities behind those words.
"The Disappearing Black Middle Class" ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering.