tagged w/ Economic Justice
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International outrage at the war on Gaza has triggered calls to boycott, divest and sanction Israel.
Just this week, student activists at a small US college said they persuaded their university to divest from corporations that support Israeli occupation.
A movement like the one that ended South African apartheid may be tough to build in the US. But it could be gathering steam.International outrage at the war on Gaza has triggered calls to boycott, divest and... more
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He compares the current mistaken focus on bailouts � from Wall Street to the auto industry � to the early mistakes of another president faced with economic disaster: Franklin Delano Roosevelt, whose initial rejection of the revolutionary concepts of John Maynard Keynes helped prolong the worldwide economic misery of the late 1920s and 1930s.
It may take another heretic to pull America out of its current downhill slide this time around.
�Ravi is a phenomenon � the best predictive record of any economist, past or present � and he does it all by reference to recorded, empirical facts, not paradigm [or] ideology,� said Prof. Rajani Kannepalli Kanth, a visiting scholar at Harvard University who specializes in political economy and social anthropology.
His supporters think Batra should long ago have won a Nobel Prize and that President-elect Barack Obama ought to be calling him with offers of cabinet posts or at least asking for his advice.
But instead, despite his sterling record and best-selling books, Batra remains somewhat isolated in the economics field, the result of one bad call and, more to the point, an economic theory that flies in the face of today�s accepted wisdom � in the face, that is, of the theories and practices that got us in the horrendous spot we�re in today.
�We are on the verge of a social revolution � it�s already started [with Obama�s election]. The second part, where the theories are discarded and new ideas take over and new reforms take over � that part has yet to occur, and that will take a few years,� he predicted. �After that occurs, the age of acquisitors will be over, and there will be a new age with a totally different attitude toward taxation and the economic system.�
The revolution, which he believes could happen in a couple of years or sometime soon after that, should bring in a new chapter of greater economic equality and less poverty and suffering � first in the U.S., then rippling out to the rest of the world, he thinks.
�The U.S. has never been in any other age other than the age of acquisitors. So this will be a new experience for the U.S.,� he said.He compares the current mistaken focus on bailouts � from Wall Street to the auto... more
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For a lot of people, it is already too late. People have moved back in with their parents, started living out of RVs, moved into trailer parks that are mushrooming around cities such as Las Vegas the way developments with real houses used to. Even pricey Santa Barbara, Calif., recently made several gated parking lots available to people living in their cars.
Last week, General Motors announced 10,000 job cuts, Wal-Mart 800, and Nobel Prize-winning economist Joseph Stiglitz told an interviewer that in some ways, the current crisis is worse than the Great Depression. But this time around, we appear to have a class of individuals who think that they should not have to suffer with the rest.
It is this type of behavior, rather than economics, that the working poor don't understand. I earned $3.35 an hour at my first job washing dishes in 1981, and today, 28 years later, the minimum wage has barely doubled. Congress voted not to raise it for nearly 10 years, while members awarded themselves pay raises on a nearly annual basis. And during the years that the minimum wage was stalled, the pay of a CEO swelled to hundreds of times the wage of an average worker, according to the Economic Policy Institute.
They have a right to be cynical. It turns out, the people who understand money the best are the ones who don't have it.
Iain Levison is the author of the memoir "A Working Stiff's Manifesto" and the forthcoming novel "How to Rob an Armored Car."For a lot of people, it is already too late. People have moved back in with their... more
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Feinstein Tries To Slip One In
Though it had nothing do with creating jobs or stimulating the economy and had everything to do with sneaking in a pro-Entertainment industry initiative, Senator Dianne Feinstein (D-CA) almost single-handedly dealt a deadly blow to the Net Neutrality issue.Feinstein Tries To Slip One In
Though it had nothing do with creating jobs or... more
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It looks that constructive steps are being taken to monitor the banking system and it seems that they are beyond taking the Feds 'word' for granted,.. about time, I say.It looks that constructive steps are being taken to monitor the banking system and it... more
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The new head of the Securities and Exchange Commission took steps on Friday to reinvigorate the agency's policing of Wall Street, two days after a congressional hearing chastised SEC investigators for failing to uncover Bernard Madoff's alleged $50 billion fraud.
"I like to tell the staff we are going to act like our hair is on fire," SEC Chairman Mary Schapiro told reporters after an appearance at a conference.
Schapiro halted a Bush administration program that made it harder for SEC lawyers to negotiate settlements with companies and vowed to cut red tape for investigators probing possible wrongdoing.
The now-abandoned pilot program requiring SEC investigators to seek commission approval for settlements "discouraged staff from arguing for a penalty," Schapiro told a Practicing Law Institute conference in Washington.
*Now let us re-instate laws prohibiting Banks, Investment Firms, and the Insurance Industry from co-mingling and we may be on a start to recovering some regulation and controls that protect the peoples interest* - What's your thoughts on this?The new head of the Securities and Exchange Commission took steps on Friday to... more
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*WARNING, DANGER WILL ROBINSON, WARNING, WARNING
excerpt from linked article :
(“The moment government acquires any sort of equity interest in a company, the next logical role for the government as investor is to try to do things the agents of government feel are fiduciarily in line with the taxpayer interest,” Franc said in an interview. “In a way it does make sense. That’s the slippery slope.") Do you realize what this implicates ?*WARNING, DANGER WILL ROBINSON, WARNING, WARNING
excerpt from linked article :... more
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http://news.yahoo.com/s/ap/20090131/ap_on_go_pr_wh/daschle_taxes
WASHINGTON – Former Sen. Tom Daschle, picked by President Barack Obama to lead his health reform efforts, recently filed amended tax returns to report $128,203 in back taxes and $11,964 in interest, according to a Senate document obtained by The Associated Press.
The White House acknowledged Friday that "some tax issues" had emerged in connection with the nomination, but a spokesman said the president is confident the former Senate Democratic leader will be confirmed as the new health secretary.
*Seems these birds flock together, they want to tax the rich, except themselves however..http://news.yahoo.com/s/ap/20090131/ap_on_go_pr_wh/daschle_taxes... more
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President Obama will pay his first foreign state visit to the Great White North.
Harper will have some explaining to do.President Obama will pay his first foreign state visit to the Great White North.... more
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We, combat officers and soldiers who have served the State of Israel for long weeks every year, in spite of the dear cost to our personal lives, have been on reserve duty in the Occupied Territories, and were issued commands and directives that had nothing to do with the security of our country, and that had the sole purpose of perpetuating our control over the Palestinian people.We, combat officers and soldiers who have served the State of Israel for long weeks... more
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Here it is, this is why congress doesn't work and how to fix it.
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Israelis planned this attack while the last cease-fire was being negotiated.
What more needs to be said? Israelis will lose all sympathy in the world. They have lost mine.
What I see now is that saddly, israeli babies have to hide in nice clean bomb shelters with food and hope and future, while Palistinian babies die in their homes and their shelters because they are targeted by the Israeli military and there is nowhere to hide.
The Israelis are bombing families in refugee camps and community shelters.
Damn them.Israelis planned this attack while the last cease-fire was being negotiated.
What... more
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Over and over throughout history, the oppressed peoples rise up and crush their oppressors. Greece is experiencing a popular uprising according to 60% of Greeks, not a small group causing trouble.
People the world over are really sick of being robbed by the rich.Over and over throughout history, the oppressed peoples rise up and crush their... more
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"It appears the nation's sanity and sense of fairness has reasserted itself to wipe the floor with condescending GOP red-baiting."
Americans have noticed that their middle-class-American-dream-access-to-opportunity has been stolen from them by a Republican aristocracy that not only owns the corporations, but the airwaves in the US.
Viva la Internet! Viva American Peasantry (for if you are not rich, you are the peasantry)"It appears the nation's sanity and sense of fairness has reasserted itself... more
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