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The economy is improving, but not everyone is sharing in the better times

Amid other good news about the U.S. economy — a declining unemployment rate, lower child poverty — the Federal Reserve has just reported that the net worth of U.S. households rose $1.4 trillion, to $81.5 trillion, during the second quarter of 2014. This means that families’ assets, such as homes and stocks, have risen roughly $23 trillion in value since the depths of the “Great Recession” in 2009. Credit the market on Wall Street and recovering real estate prices, both partly attributable to the Fed’s easy-money policies.

Pay voters to get them to polls?

WASHINGTON — The pursuit of perfection is usually foredoomed, but the Los Angeles City Ethics Commission, which has a latitudinarian understanding of ethical behavior, has a perfectly awful idea. It is urging the City Council to consider ways of paying — starchier ethicists might call it bribing — people to vote.

‘Worst’ tax code behind corporate flight

It’s not corporate greed or a lack of patriotism that is driving American corporations overseas, as President Barack Obama contends. It’s one of the worst corporate tax codes in the developed world. The cold, hard evidence of that is detailed in a new study ranking the tax competitiveness of 34 industrialized nations.

Obama needs Congress to OK war

WASHINGTON — The United States last declared war many wars ago, on June 5, 1942, when, to clarify legal ambiguities during a world conflagration, it declared war on Hungary, Romania and Bulgaria. Today’s issue is not whether to declare war but only whether the president should even seek congressional authorization for the protracted use of force against the Islamic State.