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Both forces shaped the growth patterns of the past decades. In 1988, a lower-middle-class US citizen had more than six times the income of a well-off middle-class citizen in China. Today, both earn almost the same amount. Similar leaps happened in other economies, from Turkey to Vietnam. Yet, over the same period, half of the world's wealth went to the top 5 percent of the population, and almost one-fifth went to the highest 1 percent.
Bill Gates

Biggest daily rise
Boeing's first quarter commercial aircraft sales fell 8.7 percent compared with a year ago, but the company's capital defense, space and security divisions posted gains. Total first quarter revenue fell two percent to .9 billion.
Both Democrats and Republicans said Tuesday they're close to agreeing on a massive economic rescue package, which will include payments to US households and aid for small businesses and the travel industry, among other things. A vote in the Senate could come later Tuesday or Wednesday. Investors were imploring Congress to act, particularly as the Federal Reserve has done nearly all it can to sustain markets, including its latest round of extraordinary aid launched Monday. "It's sort of like, keep the patient alive in the emergency room so you can provide some treatment options," said Katie Nixon, chief investment officer at Northern Trust Wealth Management. The Dow rose 2,112.98 points, its biggest point gain in history, to 20,704.91. It The S&P 500, which is much more important to most 401(k) accounts, rose 209.93, or 9.4 percent, to 2,447.33 for its third-biggest percentage gain since World War II. The Nasdaq composite jumped 557.18 points, or 8.1 percent, to 7,417.86.
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