He also promised that it would be neutral in terms of distribution: the relative positions of the rich, poor and middle class would not change.

ECONOMIST: Taxes, spending and the deficit

Mayor Michael Bloomberg and schools Chancellor Dennis Walcott have said the resulting funding loss would mean the elimination of 700 guidance counselor and teacher positions, bigger class sizes and cuts in pre-kindergarten special education, after-school and anti-bullying programs, according to court documents.

WSJ: Court blocks NY from reducing aid to NYC schools

With reduced demand for university positions from bright but poor students, I would expect an influx of upper-class under-achievers to the duller Oxbridge colleges.

ECONOMIST: Letters

Mr Murray starts by lamenting the isolation of a new upper class, which he defines as the most successful 5% of adults (plus their spouses) working in managerial positions, the professions or the senior media.

ECONOMIST: Lexington

Realizing the success of mission and the safety of the remaining troops were in peril, Private First Class Svehla leapt to his feet and charged the enemy positions, firing his weapon and throwing grenades as he advanced.

WHITEHOUSE: President Obama Awards Medal of Honor to Korean War Heroes