Wealth & Poverty Review

Steve Jobs unveiled the first iPhone on January 9, 2007. The 4GB model sold for $499. At the time, limited-service restaurant workers earned an average of $9.16 per hour, making the time price of the iPhone 54.5 hours. Fast forward to today: the iPhone 173 is priced at $599, while today’s limited-service restaurant workers are earning $18.95 per hour. That brings the time price down to 31.6 hours—a reduction of 22.9 hours. Today you get 2.4 iPhone 17es for the same time price of one 2007 model. The real question is: How much more are you getting for 22.9 hours less work? Today’s iPhone offers vastly superior memory, speed, screen quality, and functionality—not to mention access to over two million Read More ›

Iran is understandably the number one news story, with primary focus on the progress of U.S. military and diplomatic engagement and the responses of the Shia Mullah regime in Tehran. Almost no one is thinking or talking about the equally important spiritual and cultural ramifications for Iran, and the region, if the United States prevails—driving the current regime in Iran out of power. There’s even less analysis of the shifting geopolitics resulting from the combined effects of successful U.S. operations restoring control of the Panama Canal, Venezuela and its resources, the collapse of Cuba, and the degradation of narco-terrorism—all in the Western Hemisphere, and the fall of the current Iranian regime—in the heart of the Middle East. Christianity has ancient Read More ›