*Occupy Wall Street protesters and their income inequality case

They're basically right about the top 1 percent doing a lot better than the other 99 percent. It's just that much of the 99 percent is in reasonably decent shape, sluggish recovery and all. And when politicians talk about closing tax loopholes, they forget that the big beneficiaries of those loopholes are middle-class Americans taking mortgage and health care deductions. Anyway, NYT Washington bureau chief Dave Leonhardt breaks it down with NPR's Mike Pesca. Interesting discussion.

*Speaking of those protesters, NYT has a story about nearby business owners and residents becoming fed up.

Mike Keane, who owns O'Hara's Restaurant and Pub, said that the theft of soap and toilet paper had soared and that one protester had used the bathroom but had failed to properly use the toilet. Both Ms. Tzortzatos, owner of the Panini and Company Cafe, and Mr. Keane said the protesters rarely bought anything, yet hurled curses when they were told that only paying customers could use their bathrooms. Steve Zamfotis, manager of another nearby store, Steve's Pizza, said: "They are pests. They go to the bathroom and don't even buy a cup of coffee." Mr. Zamfotis closed his bathroom after it repeatedly flooded from protesters' bathing there. Kira Annika, a spokeswoman for the protesters, wrote in an e-mail that she had not heard of such complaints: "We were under the impression that the local business community appreciated our patronage."

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Economy stories:
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Exit interview with Port of L.A.'s executive director
L.A. developers relying on foreign investors bend a few rules
Holiday shopping: On your marks, get set... spend!

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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