Over at the NY Times, columnist David Leonhardt provides a really interesting look at hedge funds, focusing on their returns and the compensation schemes (my word, not his) for those who run the funds.

But the article doesn’t speak to what’s becoming one of the most closely watched issues regarding these guys’ (yep, they’re all ‘guys’) compensation: should it continue to be taxed at the lower capital gains tax rate of 15 percent, or treated like regular income and taxed at 35 percent?

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The price of a gallon of unleaded gas is up 43%, or about $0.93, since January of this year. Hourly wages for most workers, before inflation, are up less than 2%, or about $0.30.

Ergo the squeeze on family budgets, right?

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