Group items tagged

Ewald von Kleist, 88, a former officer in the German Wehrmacht and the last surviving member of the July 20, 1944 plot against Hitler, discusses Germany's elimination of conscription, why German soldiers need to toughen up and his failed attempt to kill Adolf Hitler.

Ewald von Kleist, 88, a former officer in the German Wehrmacht and the last surviving member of the July 20, 1944 plot against Hitler, discusses Germany's elimination of conscription, why German soldiers need to toughen up and his failed attempt to kill Adolf Hitler.

"Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented."

A new study by Northwestern University economists, called The "Jobless and Wageless" Recovery from the Great Recession of 2007-2009," found that the economic recovery is highly uneven: corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than one percent. In other words, the average American worker has been left behind by the recovery, which officially began in June 2009. "The economic recovery through 2011 I has failed to create any net new jobs since the quarter marking the end of the recession in 2009 II