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thinkahol *

Ralph Nader: 'The Left Has Nowhere to Go' | CommonDreams.org - 0 views

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    Ralph Nader in a CNN poll a few days before the 2008 presidential election had an estimated 3 percent of the electorate, or about 4 million people, behind his candidacy. But once the votes were counted, his support dwindled to a little over 700,000. Nader believes that many of his supporters entered the polling booth and could not bring themselves to challenge the Democrats and Barack Obama. I suspect Nader is right. And this retreat is another example of the lack of nerve we must overcome if we are going to battle back against the corporate state. A vote for Nader or Green Party candidate Cynthia McKinney in 2008 was an act of defiance. A vote for Obama and the Democrats was an act of submission. We cannot afford to be submissive anymore.
thinkahol *

YouTube - Ralph Nader: 1/13 An Unreasonable Man Subt Español - 0 views

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    In 1966, General Motors, the most powerful corporation in the world, sent private investigators to dig up dirt on an obscure thirty-two year old public interest lawyer named Ralph Nader, who had written a book critical of one of their cars, the Corvair. The scandal that ensued after the smear campaign was revealed launched Ralph Nader into national prominence and established him as one of the most admired Americans and the leader of the modern Consumer Movement. Over the next thirty years and without ever holding public office, Nader built a legislative record that is the rival of any contemporary president. Many things we take for granted including seat belts, airbags, product labeling, no nukes, even the free ticket you get after being bumped from an overbooked flight are largely due to the efforts of Ralph Nader and his citizen groups. Yet today, when most people hear the name "Ralph Nader," they think of the man who gave the country George W. Bush. As a result, after sustaining his popularity and effectiveness over an unprecedented amount of time, he has become a pariah even among former friends and allies. How did this happen? Is he really to blame for George W. Bush? Who has stuck by him and who has abandoned him? Has our democracy become a consumer fraud? After being so right for so many years, how did he seem to go so wrong? With the help of exciting graphics, rare archival footage and over forty on-camera interviews conducted over the past two years, "An Unreasonable Man" traces the life and career of Ralph Nader, one of the most unique, important, and controversial political figures of the past half century.
thinkahol *

As poverty rises in NJ, cuts target aid | The Asbury Park Press | APP.com - 0 views

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    "It's really alarming," Castro said. "We are cutting assistance to low-income people at the same time we're providing hundreds of millions in tax breaks to large corporations. It's just unacceptable, and I think it would be unacceptable to the public if they understood that. And I don't think that they do."
thinkahol *

The GOP War on the Middle Class: It's Time for Americans to Fight Back - 0 views

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    It's time most Americans recognized that there is a war going on in this country. Not Iraq or Afghanistan. No. The war is being waged by some of the wealthiest and most powerful people against working families, against the disappearing and shrinking middle class of our country. The billionaires and filthy rich corporate execs of America are on the warpath.
thinkahol *

The People's Budget - 0 views

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    Technically, the federal government has now reached the limit of its capacity to borrow money. Raising the debt ceiling used to be a technical adjustment, made almost automatically. Now it's a political football. Democrats should never have agreed to linking it to an agreement on the long-term budget deficit. But now that the debt ceiling is in play, there's no end to what the radical right will demand. John Boehner is already using the classic "they're making me" move, seemingly helpless in the face of Tea Party storm troopers who refuse to raise the ceiling unless they get their way. Their way is reactionary and regressive - eviscerating Medicare, cutting Medicaid and programs for the poor, slashing education and infrastructure, and using most of the savings to reduce taxes on the rich. If the only issue were cutting the federal deficit by four or five trillion dollars over the next ten years, the President and Democrats wouldn't have to cave in to this extortion. That goal can be achieved by doing exactly the opposite of what radical Republicans are demanding. We can reduce the long-term budget deficit, keep everything Americans truly depend on, and also increase spending on education and infrastructure - by cutting unnecessary military expenditures, ending corporate welfare, and raising taxes on the rich. I commend to you the "People's Budget," a detailed plan for doing exactly this - while reducing the long-term budget deficit more than either the Republican's or the President's plan does. When I read through the People's Budget my first thought was how modest and reasonable it is. It was produced by the House Progressive Caucus but could easily have been generated by Washington centrists - forty years ago.
Sarah Eeee

Income Inequality and the 'Superstar Effect' - NYTimes.com - 0 views

  • Yet the increasingly outsize rewards accruing to the nation’s elite clutch of superstars threaten to gum up this incentive mechanism. If only a very lucky few can aspire to a big reward, most workers are likely to conclude that it is not worth the effort to try.
  • It is true that the nation grew quite fast as inequality soared over the last three decades. Since 1980, the country’s gross domestic product per person has increased about 69 percent, even as the share of income accruing to the richest 1 percent of the population jumped to 36 percent from 22 percent. But the economy grew even faster — 83 percent per capita — from 1951 to 1980, when inequality declined when measured as the share of national income going to the very top of the population.
  • The cost for this tonic seems to be a drastic decline in Americans’ economic mobility. Since 1980, the weekly wage of the average worker on the factory floor has increased little more than 3 percent, after inflation. The United States is the rich country with the most skewed income distribution. According to the Organization for Economic Cooperation and Development, the average earnings of the richest 10 percent of Americans are 16 times those for the 10 percent at the bottom of the pile. That compares with a multiple of 8 in Britain and 5 in Sweden.
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  • Not coincidentally, Americans are less economically mobile than people in other developed countries. There is a 42 percent chance that the son of an American man in the bottom fifth of the income distribution will be stuck in the same economic slot. The equivalent odds for a British man are 30 percent, and 25 percent for a Swede.
  • Just as technology gave pop stars a bigger fan base that could buy their CDs, download their singles and snap up their concert tickets, the combination of information technology and deregulation gave bankers an unprecedented opportunity to reap huge rewards. Investors piled into the top-rated funds that generated the highest returns. Rewards flowed in abundance to the most “productive” financiers, those that took the bigger risks and generated the biggest profits. Finance wasn’t always so richly paid. Financiers had a great time in the early decades of the 20th century: from 1909 to the mid-1930s, they typically made about 50 percent to 60 percent more than workers in other industries. But the stock market collapse of 1929 and the Great Depression changed all that. In 1934, corporate profits in the financial sector shrank to $236 million, one-eighth what they were five years earlier. Wages followed. From 1950 through about 1980, bankers and insurers made only 10 percent more than workers outside of finance, on average.
  • Then, in the 1980s, the Reagan administration unleashed a surge of deregulation. By 1999, the Glass-Steagall Act lay repealed. Banks could commingle with insurance companies at will. Ceilings on interest rates vanished. Banks could open branches anywhere. Unsurprisingly, the most highly educated returned to banking and finance. By 2005, the share of workers in the finance industry with a college education exceeded that of other industries by nearly 20 percentage points. By 2006, pay in the financial sector was again 70 percent higher than wages elsewhere in the private sector. A third of the 2009 Princeton graduates who got jobs after graduation went into finance; 6.3 percent took jobs in government.
  • Then the financial industry blew up, taking out a good chunk of the world economy. Finance will not be tamed by tweaking the way bankers are paid. But bankers’ pay could be structured to discourage wanton risk taking
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    (Part 2 of 2 - see first part below) What impact do the incredible salaries of superstars have on the rest of us? What has changed, technologically and socially, to precipitate these inequities? This article also offers a brief look at the relationship between income inequality and economic growth, comparing the US throughout its history and the US vis a vis several European countries.
David Corking

CentreRight: Quis custodiet ipsos custodes? | Apr 15 2009 - 0 views

  • Not wearing a bulky jacket, didn't vault the ticket barrier, didn't resist arrest, wasn't alerted by the shout of 'Armed police' which wasn't ever issued, in fact.
  • Lance Corporal Mark Aspinall. Held down and beaten in a street in Wigan, he was then charged and convicted of assaulting the police, a conviction only over-turned on production of the video evidence
  • The police, particularly in London, appear to have forgotten that they police only with our consent. They are not the armed wing of the state.
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  • It's not only the stereotypical Guardian-reading liberal left who think there's a problem here, and I think it's time that Conservatives made this clear.
  • I ask readers to get a little perspective and try to see the tragic incidents outlined above for what they are, isolated and very rare examples of errors and abuses in policing
  • We all have a vested interest in a police force that is fair, accountable and has the trust of the people it is there to protect.
  • Peel and Mayne were remarkable men to have set down principles that remain as valid one hundred and eighty years on as they were on the day they were penned.
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    Conservative blogger asks if there is a culture of violence in the Met.
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