Yellen shows concern about income gap
WASHINGTON – Federal Reserve Chairwoman Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America’s longstanding identity as a land of opportunity was at stake.
The growing gap between the rich and everyone else narrowed slightly during the Great Recession but has since accelerated, Yellen said.
“The extent and continuing increase in inequality in the United States greatly concerns me,” Yellen said. “By some estimates, income and wealth inequality are near their highest levels in the past hundred years.”
Sweden reports sub in territorial waters
STOCKHOLM – Sweden’s military on Friday sent naval vessels, aircraft and home guard forces to investigate reports of “foreign underwater activity” in the Stockholm archipelago.
The Armed Forces said they launched an intelligence operation in the archipelago after receiving information “from a credible source.”
Armed Forces spokesman Jesper Tengroth wouldn’t say whether a submarine had been sighted or give other details.
Associated Press
