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Ian Schlom

Billionaire brothers turn up heat in Georgia Power solar debate - 0 views

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    My dad emailed this article to me. The Koch brothers lied about solar energy raising energy expenses for their own agenda. I told my dad "Sounds like capitalists compelled to do evil by the were-wolf hunger of capital. Know what I mean?" The article's own abstract: On July 11, Georgia's Public Service Commission will determine if Georgia Power, run by Southern Company, will have to acquiesce to local government demands to add 525-megawatts (MW) of solar power, despite already agreeing to acquire 270MW of solar. In the controversial debate, billionaire brothers Charles and David Koch have pressured regulators to reject the plan. But ahead of the vote, the Associated Press found the billionaires' group, Americans For Prosperity, has used misleading data to tip the debate. The billionaires claimed that new solar mandates would raise energy bills by 40%. But an analysis shows that even if solar power is more expensive than conventional energy, the amount demanded is equal to only 1% of Georgia Power's electric fleet. As a result, it's highly unlikely that adding more solar will impact electricity rates so significantly.
thinkahol *

Democracy Died First in Wisconsin - Long Live the Oligarchs | Common Dreams - 0 views

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    The Wisconsin recall election was the first major test of the new era in American politics. That new era began in January of 2010 when the US Supreme Court ruled in Citizens United v. FEC that the political voice of We The People was no longer as important as the voices of billionaires and transnational corporations. Now we know the result, and it bodes ill for both 2012 and for the tattered future of small-d democracy in our republic. A few of America's most notorious oligarchs - including the Koch and the DeVos (Amway fortune) billionaires - as well as untraceable millions from donors who could as easily be Chinese government-run corporations as giant "American" companies who do most of their business and keep most of their profits outside the US - apparently played big in this election. I say "apparently" because the Supreme Court has ruled that we no longer have the right to know who is really funding our election commercials, or even our candidates themselves. Thanks to an irrational and likely illegal Supreme Court ruling, we have moved into an era of oligarch-run politics. As much as $40 million of our oligarch's money was spent in Wisconsin in a handful of local races - a testing laboratory for strategies that will now be used against Democrats nationwide in 2012. And so now we enter the battle of the oligarchs over the next fifteen or so months. As the old saying goes, when the elephants fight, the mice get trampled. In this case, the mice aren't just the voters. It's democracy itself. America is now - demonstrably, as proven by Wisconsin - just a few years away from the possibility of a totally corrupted, totally billionaire- and corporate-controlled political system. Political scientists call it oligarchy. The Citizens United election experiment is over, and the oligarchs won. Long live the oligarchy.
thinkahol *

Billionaire self-pity and the Koch brothers - Glenn Greenwald - Salon.com - 0 views

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    Since the financial crisis of 2008, one of the most revealing spectacles has been the parade of financial elites who petulantly insist that they are the victims of societal hostility:  political officials heap too much blame on them, public policy burdens them so unfairly, the public resents them, and -- most amazingly of all -- President Obama is a radical egalitarian who is unprecedentedly hostile to business interests.  One particularly illustrative example was the whiny little multi-millionaire hedge fund manager (and CNBC contributor), Anthony Scaramucci, who stood up at an October, 201o, town hall meeting and demanded to know:  "when are we going to stop whacking at the Wall Street pinata?" The Weekly Standard now has a very lengthy defense of -- including rare interviews with -- Charles and David Koch, the libertarian billionaires who fund everything from right-wing economic policy, union-busting, and anti-climate-change advocacy to civil liberties and liberalized social policies -- though far more the former goals than the latter.  In this article one finds the purest and most instructive expression of billionaire self-pity that I think I've ever seen -- one that is as self-absorbed and detached from reality as it destructive.  It's really worth examining their revealed mindset to see how those who wield the greatest financial power (and thus the greatest political power) think of themselves and those who are outside of their class.
thinkahol *

The Blog : How Rich is Too Rich? : Sam Harris - 0 views

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    I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll
thinkahol *

A police raid suffused with symbolism - Salon.com - 0 views

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    A military style raid on peaceful protesters camped out in the shadow of Wall Street, ordered by a cold ruthless billionaire who bought his way into the mayor's office.
thinkahol *

Warren Buffett: I 'Should Be Paying A Lot More In Taxes' - 0 views

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    WASHINGTON -- Billionaire Warren Buffett rebutted claims that the Obama administration is unjustly hurting business orders with high taxes by saying that in fact, the wealthy have never had it so good.
thinkahol *

Weekly Review-By Anthony Lydgate (Harper's Magazine) - 0 views

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    After eating a bowl of oatmeal and drafting ten talking points, Senator Bernie Sanders (Ind., Vt.) spoke for nine hours in opposition to the tax-cut deal struck between President Obama and congressional Republicans. "We should be embarrassed," he said, "that we are for one second talking about a proposal that gives tax breaks to billionaires while we are ignoring the needs of working families, low-income people and the middle class."1 2 3 Mark Madoff, son of Bernard L. Madoff, hanged himself in his Manhattan apartment while his toddler slept in a nearby bedroom; court documents filed last year suggest that Mark Madoff made almost $67 million through his father's Ponzi scheme.4 WikiLeaks founder Julian Assange was arrested in London on charges of sexual assault. "That sounds like good news to me," said U.S. Defense Secretary Robert Gates.5 State Department cables leaked this week revealed that Saudi media executives, over coffee in a Jeddah Starbucks, extolled the power of American television in the fight against Islamic extremism, while Saudi diplomats expressed their admiration for the movies Insomnia and Michael Clayton.6 Taymour Abdelwahab, a Swedish citizen, set off a car bomb and then blew himself up in Stockholm on Saturday, injuring two in what authorities believe was a botched attempt at a larger attack, and imprisoned Chinese dissident Liu Xiaobo was awarded the Nobel Peace Prize. Online discussion of the chair symbolizing his absence from the ceremony in Oslo prompted authorities in China to censor the phrases "empty chair," "empty seat," "empty stool" and "empty table" from the country's major social networking sites.7 8 9
thinkahol *

ThinkProgress » Fulfilling Father's Campaign To Segregate Public Schools, Koc... - 0 views

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    Today in the Washington Post, reporter Stephanie McCrummen detailed how a right-wing campaign in the Wake County area of North Carolina has taken over the school board with a pledge to end a very successful socio-economic integration plan. The integration plan, which created thriving schools in poor African-American parts of the school district along with achieving diversity in schools located in wealthy white enclaves, was a model for the nation. However, Americans for Prosperity (AFP), the Tea Party group founded and funded by billionaire brothers Charles and David Koch, worked with local right-wing financier (and AFP board member) Art Pope to fundamentally change Wake County's school board:
thinkahol *

Koch Brothers Now at Heart of GOP Power - 0 views

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    The billionaire brothers' influence is most visible in the makeup of the House Energy and Commerce Committee, where members have vowed to undo restrictions on greenhouse gases.
thinkahol *

Wisconsin Is a Battleground Against the Billionaire Kochs' Plan to Break Labor's Back |... - 0 views

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    The war on Wisconsin employees isn't just about the budget or Wisconsin: Koch toady Gov. Walker is just one soldier in the billionaire's offensive to kill labor.
thinkahol *

Now That David Koch Is Gone From NIH Cancer Board, Formaldehyde Is Finally Classified A... - 0 views

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    What's that word they use for a society where the group of those with money and power are above the law? Oh, that's right: Oligarchy! While this regulatory capture continued, how many of us filled up our homes with these toxic products? Via Think Progress: Large manufacturers and chemical producers have lobbied ferociously to stop the National Institutes of Health from classifying formaldehyde as a carcinogen. A wide body of research has linked the chemical to cancer, but industrial polluters have stymied regulators from action. Last year, the New Yorker's Jane Mayer reported that billionaire David Koch, whose company Georgia Pacific (a subsidiary of Koch Industries) is one of the country's top producers of formaldehyde, was appointed to the NIH cancer board at a time when the NIH delayed action on the chemical. The news was met with protests from environmental groups. Faced with mounting pressure from Greenpeace and the scientific community, Koch offered an early resignation from the board in October. Yesterday, the NIH finally handed down a report officially classifying formaldehyde as a carcinogen: Government scientists listed formaldehyde as a carcinogen, and said it is found in worrisome quantities in plywood, particle board, mortuaries and hair salons. They also said that styrene, which is used in boats, bathtubs and in disposable foam plastic cups and plates, may cause cancer but is generally found in such low levels in consumer products that risks are low. Frequent and intense exposures in manufacturing plants are far more worrisome than the intermittent contact that most consumers have, but government scientists said that consumers should still avoid contact with formaldehyde and styrene along with six other chemicals that were added Friday to the government's official Report on Carcinogens. Its release was delayed for years because of intense lobbying from the chemical industry, which disputed its findings. An investigation by ProPublica found th
thinkahol *

Debt deal: anger and deceit has led the US into a billionaires' coup | George Monbiot |... - 0 views

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    The debt deal will hurt the poorest Americans, convinced by Fox and the Tea Party to act against their own welfare
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 *

Elections Have Consequences - 0 views

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    We are at a pivotal moment in American history, and many Americans watching the deficit talks in Washington are confused, perplexed, angry and frustrated. This country, which has paid its debts from Day 1, must pay its debts. Anyone who says it is not a big deal for this country to default clearly does not understand what he or she is talking about. This is a nation whose faith and credit has been the gold standard of countries throughout the world. Some people simply say we're not going to pay our debt, that there's nothing to really worry about. Those are people who are wishing our economy harm for political reasons, and those are people whose attitudes will have terrible consequences for virtually every working family in this country in terms of higher interest rates, in terms of significant job loss, in terms of making a very unstable global economy even more unstable. Our right-wing friends in the House of Representatives have given us an option. What they have said is end Medicare as we know it and force elderly people, many of whom don't have the money, to pay substantially more for their health care. So when you're 70 under their plan and you get sick and you don't have a whole lot of income, we don't know what happens to you. They forget to tell us that if their plan was passed you're going to have to pay a heck of a lot more for the prescription drugs you're getting today. They we're going to throw millions of kids off health insurance. If your mom or dad is in a nursing home and that nursing home bill is paid significantly by Medicaid and Medicaid isn't paying anymore, they forgot to tell us what happens to your mom or dad in that nursing home. What happens? And what happens today if you are unemployed and you're not able to get unemployment extension? What happens if you are a middle-class family desperately trying to send their kids to college and you make savage cuts to Pell grants and you can't go to college? What does it mean for the nation if we
Ian Schlom

Billionaires gain as living standards fall - 0 views

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    This article has some very interesting and compelling statistics.
Levy Rivers

Joseph A. Palermo: Defeating the Bailout Looks Like Another Republican Ploy - 0 views

  • House Republican leaders did not put much pressure on their rank-and-file members to back the rescue package." John Boehner, Roy Blunt and other "leaders" of the House Republicans thought they could strike a public pose as if they really cared about the credit seizure that looms over the country while secretly hoping to pin the bill's passage on Nancy Pelosi, Steny Hoyer, (and by association, Barack Obama).
  • They wanted Speaker Pelosi to pass the bill without much Republican cover so they could tell their constituents that the Democrats were just "picking the taxpayers' pockets again."
  • I agree with the critical flaws in the bill that Dennis Kucinich articulated this morning on Amy Goodman's show, Democracy Now! I don't believe in a government welfare program for Wall Street swindlers who had the audacity to pump up the paper value of one of their hidden, unregulated derivatives, "credit default swaps," from $631 billion in 2001 to $62 trillion in 2008! I think some people should be indicted; some people should go to jail.
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  • Whenever you hear the word "bi-partisan," even during the waning hours of the Bush years, it usually means something very bad is about to happen.
  • All of a sudden I hear Bush Administration mouthpieces such as the billionaire Henry Paulson, who in the past have told us that we are all on our own and we shouldn't rely on government for anything, speak about "our" financial markets as if working people have been the ones swapping "collateralized debt obligations" and "hybrid debt instruments."
  • It is my hope we can seize the opportunity this crisis presents, hold President Obama's feet to the fire, and construct a new social compact in this country, a New New Deal.
Bakari Chavanu

Capitalism's Self-inflicted Apocalypse - 0 views

  •  The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.
  • Some eighty  years ago Supreme Court Justice Louis Brandeis commented, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Moneyed interests have been opponents not proponents of democracy.
  • In the early days of the Republic the rich and well-born imposed property qualifications for voting and officeholding. They opposed the direct election of candidates (note, their Electoral College is still with us). And for decades they resisted extending the franchise to less favored groups such as propertyless working men, immigrants, racial minorities, and women.
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  • The conservative plutocracy also seeks to rollback democracy’s social gains, such as public education, affordable housing, health care, collective bargaining, a living wage, safe work conditions, a non-toxic sustainable environment; the right to privacy, the separation of church and state, freedom from compulsory pregnancy, and the right to marry any consenting adult of one’s own choosing.
  • About a century ago, US labor leader Eugene Victor Debs was thrown into jail during a strike. Sitting in his cell he could not escape the conclusion that in disputes between two private interests, capital and labor, the state was not a neutral arbiter. The force of the state--with its police, militia, courts, and laws—was unequivocally on the side of the company bosses.
  • Any nation that is not “investor friendly,” that attempts to use its land, labor, capital, natural resources, and markets in a self-developing manner, outside  the dominion of transnational corporate hegemony, runs the risk of being demonized and targeted as “a threat to U.S. national security.”
  • Most of the world is capitalist, and most of the world is neither prosperous nor particularly democratic. One need only think of capitalist Nigeria, capitalist Indonesia, capitalist Thailand, capitalist Haiti, capitalist Colombia, capitalist Pakistan, capitalist South Africa, capitalist Latvia, and various other members of the Free World--more accurately, the Free Market World.
  • Corporate investors prefer poor populations. The poorer you are, the harder you will work—for less. The poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
  • In the corporate world of “free-trade,” the number of billionaires is increasing faster than ever while the number of people living in poverty is growing at a faster rate than the world’s population. Poverty spreads as wealth accumulates.
  • To the extent that life is bearable under the present U.S. economic order, it is because millions of people have waged bitter class struggles to advance their living standards and their rights as citizens, bringing  some measure of humanity to an otherwise heartless politico-economic order.
  • There is a third function of the capitalist state seldom mentioned. It consists of preventing the capitalist system from devouring itself.  Consider the core contradiction Karl Marx pointed to: the tendency toward overproduction and market crisis. An economy dedicated to speedups and wage cuts, to making workers produce more and more for less and less, is always in danger of a crash. To maximize profits, wages must be kept down. But someone has to buy the goods and services being produced. For that, wages must be kept up. There is a chronic tendency—as we are seeing today—toward overproduction of private sector goods and services and underconsumption of necessities by the working populace. 
  • Instead of trying to make money by the arduous task of producing and marketing goods and services, the marauders tap directly into the money streams of the economy itself. During the 1990s we witnessed the collapse of an entire economy in Argentina when unchecked free marketeers stripped enterprises, pocketed vast sums, and left the country’s productive capacity in shambles. The Argentine state, gorged on a heavy diet of free-market ideology, faltered in its function of saving capitalism from the capitalists.
  • These thieves were caught and convicted. Does that not show capitalism’s self-correcting capacity? Not really. The prosecution of such malfeasance— in any case coming too late—was a product of democracy’s accountability and transparency, not capitalism’s. Of itself the free market is an amoral system, with no strictures save caveat emptor.
  • Perhaps the premiere brigand was Bernard Madoff. Described as “a longstanding leader in the financial services industry,” Madoff ran a fraudulent fund that raked in $50 billion from wealthy investors, paying them back “with money that wasn’t there,” as he himself put it. The plutocracy devours its own children.
  • The classic laissez-faire theory is even more preposterous than Greenspan made it.  In fact, the theory claims that everyone should pursue their own selfish interests without restraint.
  • Capitalism breeds the venal perpetrators, and rewards the most unscrupulous among them.  The crimes and crises are not irrational departures from a rational system, but the converse: they are the rational outcomes of a basically irrational and amoral system.
  • Worse still, the ensuing multi-billion dollar government bailouts are themselves being turned into an opportunity for pillage. Not only does the state fail to regulate, it becomes itself a source of plunder, pulling vast sums from the federal money machine, leaving the taxpayers to bleed.
  • But the 2008-09 “rescue operation” offered a record feed at the public trough. More than $350 billion was dished out by a right-wing lame-duck Secretary of the Treasury to the biggest banks and financial houses without oversight--not to mention the more than $4 trillion that has come from the Federal Reserve.  Most of the banks, including JPMorgan Chase and Bank of New York Mellon, stated that they had no intention of letting anyone know where the money was going.
  • In sum, free-market corporate capitalism is by its nature a disaster waiting to happen.
  • If the paladins of Corporate America want to know what really threatens “our way of life,” it is their way of life, their boundless way of pilfering their own system, destroying the very foundation on which they stand, the very community on which they so lavishly feed.
Bakari Chavanu

Bernie Sanders is the best-known independent and "democratic socialist" in US politics ... - 0 views

  • democratic socialist
    • Bakari Chavanu
       
      He uses this term about dozen times.
  • Since the term "socialist" is generally considered an epithet in US politics, and since the two-party system is so powerful, no other prominent politician in recent decades has a similar background
  • He said that in those countries: "Health care is a right of all people and their systems are far more cost-effective than ours." "College education is virtually free." "People retire with better benefits." "Wages that people receive are often higher." "Distribution of wealth and income is much fairer. " "Their public education systems are generally stronger than ours." "By and large, their governments tend to represent the needs of their middle class and working families rather than billionaires and campaign contributors."
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