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People still unemployed, houses still getting foreclosed, but the rich still getting richer

From The New York Times:

MARKET PLACE: Looking at 5 Digits, Again, for the Dow

Crossing 10,000 means clearing a symbolic hurdle, even if it’s one
the Dow industrial average first vaulted a decade ago.

http://www.nytimes.com/2009/09/29/business/29place.html

Comments (1)

Sep 28, 2009
A preferential attachment process is any of a class of processes in which some quantity, typically some form of wealth or credit, is distributed among a number of individuals or objects according to how much they already have, so that those who are already wealthy receive more than those who are not. "Preferential attachment" is only the most recent of many names that have been given to such processes. They are also referred to under the names "Yule process", "Gibrat's law", "cumulative advantage", "the rich get richer", and, less correctly, the "Matthew effect". The principal reason for scientific interest in preferential attachment is that it can, under suitable circumstances, generate power law distributions of wealth.

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