Wednesday, February 19, 2014

85 Billionaires and the Better Half




The world's 85 richest individuals possess as much wealth as the 3.5 billion souls who compose the poorer half of the world's population, or so it was announced in a report by Oxfam International. The assertion sounds implausible to me.  I think the 85 richest individuals, who together are worth many hundreds of billions of dollars, must have far more wealth than the poorest half of our global population.

How could these two cohorts, the 85 richest and 3.5 billion poorest, have the same amount of wealth? The great majority of the 3.5 billion have no net wealth at all. Hundreds of millions of them have jobs that hardly pay enough to feed their families. Millions of them rely on supplements from private charity and public assistance when they can. Hundreds of millions are undernourished, suffer food insecurity, or go hungry each month, including many among the very poorest in the United States.

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Wednesday, February 05, 2014

Jon Stewart rips Fox News for endless scandal mongeriing

4 Feb 2014 | The Daily Show's Jon Stewart once again gives the haters over at Faux "news" the treatment they deserve.



SOURCE

Saturday, February 01, 2014

Bully Nation

1 February 2014
Yale Magrass and Charles Derber, Truthout | Op-Ed

Bullying is the means through which the corporate empires were built. Carnegie and Rockefeller intimidated and threatened their rival capitalists to cede them an ever-larger share of the market. They brought in Pinkerton goons to beat striking workers into submission. Workers were forced to either sign "yellow dog" contracts and pledge not to join unions, or be thrown into the street. Similar bullying practices continue today. Corporations warn entire communities they will shut down factories and undermine the local economy if they do not accept low wages and minimal regulations. Banks entice consumers to borrow through predatory loans and then raise interest rates and threaten foreclosure. The corporations are clear they have the power and will not tolerate challenges from weaklings who fail to know their place.


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