WASHINGTON (AP) — The pay gap between the richest 1 percent and the rest of America widened to a record last year.
The top 1 percent of earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back a century.
U.S. income inequality has been growing for almost three decades. But until last year, the top 1 percent's share of pre-tax income hadn't surpassed the 18.7 percent it reached in 1927, according to an analysis of IRS figures dating to 1913 by economist Emmanuel Saez of the University of California, Berkeley, and three colleagues.
Saez wrote that 2012 incomes of the richest Americans might have surged in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.
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Bad news continues to surface at an Alamogordo mobile home park already plagued with problems.
A winter storm warning has been issued for Albuquerque and surrounding areas through 11 p.m. Thursday.
Dean Staley and Mark Ronchetti with your evening headlines and forecast.
Police responded to a northeast Albuquerque neighborhood where a man believed to be armed was involved in a tense standoff with police.
There was some good news Wednesday. Bernalillo County Sheriff's Deputy Robin Hopkins has started walking again.
Schemers behind fake sweepstakes are accessing personal information and using the legitimacy of well-known names like the Better Business Bureau and the Internal Revenue Service to swindle unsuspecting players out of thousands of dollars.