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Bakari Chavanu

toledoblade.com -- - 0 views

  • He believes our economic system has lost its way after decades of perversion by greedy politicians in Washington and money-minded fatcats on Wall Street and in corporate America.
  • And as the great American dream slipped further from the middle class, more consumers relied on credit cards and loans to catch it, and a system based on people buying what they need became one in which people buy what they want but often cannot afford.
  • Perhaps the film's most powerful statement is Moore's claim that 1 percent of the richest Americans own 95 percent of our nation's wealth.
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  • Capitalism: A Love Story contends that such a movement has already begun. Families being evicted from their homes by bank foreclosures refuse to leave, the film shows, even when law enforcement shows up. A successful workers' strike in Chicago proved that the power to overcome corporate greed and mishandling still rests with the people.
    • Bakari Chavanu
       
      This may be a hopeful way to look at it, but I really doubt it. Most people don't have a clue about what to do. There's very little or effective organized resistance.
  • The film isn't so much Moore piling on our battered, bruised capitalism as it is loaded commentary on what got us here. The evidence is damning, and thought-provoking to those who will give the film a chance.
  • Perhaps Capitalism: A Love Story will be the impetus we need for wholesale change. Or if change is too ambitious, given our circumstances, the film should at least spark meaningful dialogue and rigorous debate, something Moore supporters and detractors alike should welcome.
Arabica Robusta

Keane Bhatt, "Noam Chomsky on Hopes and Prospects for Activism: 'We Can Achieve a Lot'" - 1 views

  • I think he would take it for granted that elites are basically Marxist -- they believe in class analysis, they believe in class struggle, and in a really business-run society like the United States, the business elites are deeply committed to class struggle and are engaged in it all the time.  And they understand.  They're instinctive Marxists; they don't have to read it.
  • In fact, Malaysia also came out of the Asian crisis.  It was imposing capital controls.  Now the economists were all saying it's a disaster.  But they did quite well.  Same with Argentina, the former poster child for the IMF, leading to a serious crisis.  It then disregarded all the warnings and doctrines and the economy did very well, contrary to predictions.
  • using the multidimensional poverty index, there were 645 million poor, or 55 percent of India's population -- more than in the poorest 26 African countries combined. 
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  • there is sometimes dramatic conflict between the developmentalists, like left president Correa, and the indigenous communities affected by mining and dams.  Also, Evo Morales, despite being hugely popular, recently had to deal with a very big general strike in Potosí.  What do you make of these dynamics?  What are the hopes and prospects in Latin America regarding raising living standards, the paths of industrialization, environmental considerations, the role of social movements, and avoiding state coercion?
  • I don't know of any simple general answer to your question of how this will all turn out.  The problems are often not simple.  A great deal is at stake, not just for the people of the countries.  Resource extraction impacts a global environment that is increasingly at severe risk.
  • You said, "It's quite striking that we and other western countries can't reach, can't even approach, can't even dream about the level of democracy they had in Haiti.  That's pretty shocking.  Here's one of the poorest countries in the world.  The population that organized to win that election is among the most repressed and impoverished in the world; they managed to organize enough to enter the electoral arena without any resources and elect their own candidate."  Praising Bolivia at the same time, you asked, "Is it believable that we can't do the same? . . . We can take lessons from them.  Anything they've done we can do a thousand times more easily."
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    The founding fathers were very concerned about the danger of democracy and spoke quite openly about the need to construct the democratic institutions so that threat would be contained.  That's why the Senate has so much more power than the House, to mention just one example.
Levy Rivers

Obama's Business Backers Look Ahead - BusinessWeek.com- msnbc.com - 0 views

  • In addition to Logan, they include Valerie Jarrett, CEO of real estate management firm The Habitat Co. and now co-head of Obama's transition team; Jim Reynolds, CEO of investment bank Loop Capital Markets; John Rogers, CEO of mutual fund icon Ariel Investments; Quintin Primo III, CEO of commercial real estate development company Capri Capital Partners; and Frank Clark, CEO of electrical utility Commonwealth Edison.
  • Later, during his second year in the U.S. Senate, Obama called Clark, among others, to discuss whether it made sense for him to mount a bid for the Presidency. Clark, 62, is one of Chicago's elder statesmen and chief of ComEd, a subsidiary of energy giant Exelon (EXC) and the largest electric utility in Illinois, serving nearly 4 million customers in Chicago and Northern Illinois. He didn't mince words: "Your window of opportunity is now," Clark recalls saying. "Go do it."
  • "Our generation has been limited in terms of how far we can dream," Logan said on Tuesday night just minutes before Obama took the stage. The son of two teachers who worked on Chicago's South Side, Logan majored in accounting and economics at Florida A&M University, a predominantly black college, and later earned an MBA in finance from the University of Chicago. "We've too often been under the impression that we can only serve our own. We've had constraints applied to what we can achieve."
Skeptical Debunker

Op-Ed Columnist - Senator Bunning's Universe - NYTimes.com - 0 views

  • During the debate over unemployment benefits, Senator Jeff Merkley, a Democrat of Oregon, made a plea for action on behalf of those in need. In response, Mr. Bunning blurted out an expletive. That was undignified — but not that different, in substance, from the position of leading Republicans.Consider, in particular, the position that Mr. Kyl has taken on a proposed bill that would extend unemployment benefits and health insurance subsidies for the jobless for the rest of the year. Republicans will block that bill, said Mr. Kyl, unless they get a “path forward fairly soon” on the estate tax. Now, the House has already passed a bill that, by exempting the assets of couples up to $7 million, would leave 99.75 percent of estates tax-free. But that doesn’t seem to be enough for Mr. Kyl; he’s willing to hold up desperately needed aid to the unemployed on behalf of the remaining 0.25 percent. That’s a very clear statement of priorities.So, as I said, the parties now live in different universes, both intellectually and morally. We can ask how that happened; there, too, the parties live in different worlds. Republicans would say that it’s because Democrats have moved sharply left: a Republican National Committee fund-raising plan acquired by Politico suggests motivating donors by promising to “save the country from trending toward socialism.” I’d say that it’s because Republicans have moved hard to the right, furiously rejecting ideas they used to support. Indeed, the Obama health care plan strongly resembles past G.O.P. plans. But again, I don’t live in their universe. More important, however, what are the implications of this total divergence in views?The answer, of course, is that bipartisanship is now a foolish dream. How can the parties agree on policy when they have utterly different visions of how the economy works, when one party feels for the unemployed, while the other weeps over affluent victims of the “death tax”?Which brings us to the central political issue right now: health care reform. If Congress enacts reform in the next few weeks — and the odds are growing that it will — it will do so without any Republican votes. Some people will decry this, insisting that President Obama should have tried harder to gain bipartisan support. But that isn’t going to happen, on health care or anything else, for years to come.Someday, somehow, we as a nation will once again find ourselves living on the same planet. But for now, we aren’t. And that’s just the way it is.
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    So the Bunning blockade is over. For days, Senator Jim Bunning of Kentucky exploited Senate rules to block a one-month extension of unemployment benefits. In the end, he gave in, although not soon enough to prevent an interruption of payments to around 100,000 workers.But while the blockade is over, its lessons remain. Some of those lessons involve the spectacular dysfunctionality of the Senate. What I want to focus on right now, however, is the incredible gap that has opened up between the parties. Today, Democrats and Republicans live in different universes, both intellectually and morally.
Keith Sweat

Best Mandurah Houses - 1 views

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Keith Sweat

House and Land Packages Perth: The Right Choice - 1 views

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Bakari Chavanu

bonuses-put-goldman-in-public-relations-bind: Personal Finance News from Yahoo! Finance - 0 views

  • But these days that old dictum is being truncated to just “greedy” by some Goldman critics. While many ordinary Americans are still waiting for an economic recovery, Goldman and its employees are enjoying one of the richest periods in the bank’s 140-year history.
  • For Goldman employees, it is almost as if the financial crisis never happened. Only months after paying back billions of taxpayer dollars, Goldman Sachs is on pace to pay annual bonuses that will rival the record payouts that it made in 2007, at the height of the bubble. In the last nine months, the bank set aside about $16.7 billion for compensation — on track to pay each of its 31,700 employees close to $700,000 this year. Top producers are expecting multimillion-dollar paydays.
  • But its strong financial showing — a profit of $3.19 billion in the third quarter — was overshadowed by Goldman’s swelling bonus pool. Goldman set aside nearly half of its revenue to reward its employees, a common practice on Wall Street, even in this post-bailout era.
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  • Even in 2008, the most tumultuous year in modern Wall Street history, Goldman employees reaped rewards that most people can only dream about. Goldman paid out $4.82 billion in bonuses last year, awarding 953 employees at least $1 million each and 78 executives $5 million or more. The rewards for 2009 will be far greater.
  • “We are very focused on what is going on in the world,” Mr. Viniar replied to a barrage of questions about whether the bank should pay outsize bonuses in these hard economic times. “We are focused on the economic climate. We are focused on what is going on with other people.”
Sarah Usher

PoliceRecruitmentUK Helped Me Pass the Police Application Sift - 1 views

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started by Sarah Usher on 06 Apr 11 no follow-up yet
Sarah Usher

Pass the Police Recruitment Process in One Attempt - 1 views

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