Michael Tchong

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April 2012

Middle Class Squeeze


When one mentions the middle class it immediately conjures up visions of Father Knows Best, The Brady Bunch or maybe even Everybody Loves Raymond. It’s one of manicured lanes, two-door garages and eat-in kitchens that carry the glamorous moniker of “Hollywood kitchens.” But the world of I Love Lucy is no more. As Edward Luce […]

Costly and Irritating Penny


CBC reports that Canada will abolish the penny this fall, citing “low purchasing power and rising production costs.” The Canadian penny is now worth about 1/20th of its original purchasing power, leading Ottawa to describe it as a “burden to the economy.” Why can’t we do the same in the U.S.? In February 2009, CBS’ […]