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thinkahol *

Sounds of Resistance are Growing Join Americans Fed Up With Big Finance Americans Acr... - 0 views

itsoureconomy.us

Sounds of Resistance Growing Join Americans Fed Up With Big Finance Across the Country Joining Culture - You Are Needed!

shared by thinkahol * on 05 Apr 11 - No Cached
  • thinkahol * on 05 Apr 11
     
    Are you tired of big banks making record profits, paying giant executive salaries and bonuses and then cooking the books so they avoid paying taxes?  We are.  And, we are responding.  Join us.On April 15 in Union Square Park in New York City at 11:00 AM we are holding a "Sounds of Resistance Concert" and protest against the big corporate banks that have undermined the U.S. economy and displaced families from their homes. Big Finance has taken more than a trillion from the Department of Treasury and Federal Reserve to pay for their casino gambling on Wall Street but they are still forcing people out of their homes, not lending to small businesses and choking the economy.The concert will feature political hip-hop/rock powerhouse Junkyard Empire with special guests Broadcast Live and Sketch the Cataclysm. Chris Hedges will speak about the growing culture of resistance. Other performers and speakers are invited.The protest will include a picket of the Union Square Bank of America - a major culprit in the great rip off of the American taxpayer.This concert and protest are part of the effort to build the urgently needed movement to shift power to the people and away from concentrated capital interests.                                        
Im Funny

My favorite band's next concert location - 0 views

9lols.com/te-bands-next-concert-location

favorite band concert location funny pictures quotes videos com

shared by Im Funny on 27 May 13 - No Cached
  • Im Funny on 27 May 13
     
    My favorite band's next concert location
Levy Rivers

Rob McKay: Small Is the New Big in Progressive Politics - Politics on The Huffington Post - 0 views

www.huffingtonpost.com/...the-new-big-in-p_b_102799.html

networking politics

shared by Levy Rivers on 21 May 08 - Cached
  • The grab for this group of voters has generally been coordinated by a seasoned team of professional campaign staff operating in war rooms and spending millions in mobilizing voters. But new efforts among progressive voters, musicians, and grassroots groups are saying the way to be "big" in '08 is to "go small." And how resources are spent in this election and after, could determine whether the Democratic Party is about short-term voter excitement or permanent citizen engagement.
  • This new group of efforts focuses on local leadership, small circles, and cultural organizing. They are taking their strategies from the anti-slavery movement, groups like craigslist, and most surprisingly, a new Christian movement. "
  • Potts and other organizers note that while overall church attendance has steadily declined since the 1990s, a new form of church has taken off--the house church. Unlike traditional churches, the house church movement doesn't meet in a specific house of worship, but instead, as the name suggests, in people's homes.
  • ...2 more annotations...
  • They note the key to the success of these churches is threefold: 1. Shared values rather than on autocratic rule. 2. Peer circles, rather than as a large, rigid, top-down hierarchy. 3. Leading through inspiration rather than by formal authority, allowing, but not forcing, others to follow them.
  • As Potts, who is organizing with musicians during 08, puts it "The conservatives have churches every Sunday, progressives have concerts every night." From an organizing perspective, concerts are for progressives what churches have been for conservatives.
Sarah Eeee

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

www.nytimes.com/...26excerpt.html

inequality economics capitalism

shared by Sarah Eeee on 27 Dec 10 - No Cached
  • In 1982, the top 1 percent of pop stars, in terms of pay, raked in 26 percent of concert ticket revenue. In 2003, that top percentage of stars — names like Justin Timberlake, Christina Aguilera or 50 Cent — was taking 56 percent of the concert pie.
  • . In an article entitled “The Economics of Superstars,” he argued that technological changes would allow the best performers in a given field to serve a bigger market and thus reap a greater share of its revenue. But this would also reduce the spoils available to the less gifted in the business.
  • IF one loosens slightly the role played by technological progress, Dr. Rosen’s framework also does a pretty good job explaining the evolution of executive pay. In 1977, an elite chief executive working at one of America’s top 100 companies earned about 50 times the wage of its average worker. Three decades later, the nation’s best-paid C.E.O.’s made about 1,100 times the pay of a worker on the production line.
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  • CAPITALISM relies on inequality. Like differences in other prices, pay disparities steer resources — in this case, people — to where they would be most productively employed.
  • In poor economies, fast economic growth increases inequality as some workers profit from new opportunities and others do not. The share of national income accruing to the top 1 percent of the Chinese population more than doubled from 1986 to 2003.
  • Sarah Eeee on 27 Dec 10
     
    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. (Part 1 of 2)
thinkahol *

The Xtremes: Subversive Recipes for Catastrophic Times | Common Dreams - 0 views

www.commondreams.org/...05-8

The Xtremes: Subversive Recipes for Catastrophic Times | Common Dreams

shared by thinkahol * on 06 May 11 - No Cached
  • thinkahol * on 06 May 11
     
    "In just a few short months, we've witnessed people power in action. From the Middle East to the Midwest, movements have risen up to overturn tired dogma and challenge entrenched power. Many of us were inspired by these events. And many of us were surprised. Perhaps we were growing skeptical that people power could still work. Maybe we had forgotten a vital fact about our world: that bold citizens, united around a common mission, can still come together to create major change against enormous odds." - 350.org (April 7, 2011) "Even when people are willing to take action in concert to redistribute the pie, whether by Gandhian mobilization or use of force, this may resonate falsely, for the pie is disintegrating. Its recipe and ingredients are obsolete. And freedom attained in harsh austerity, characterized by intense competition for food, will be doubtful or of little comfort." - Jan Lundberg ("Social Justice Activists Must Take Into Account Ecological, Cultural, and Economic Transformation")
rich hilts

Leftist Concerted Attack Begins Already - 1 views

drscoundrels.com/?p=2206

shared by rich hilts on 08 Jan 11 - No Cached
  • rich hilts on 08 Jan 11
     
    New article - just one example of Left Media attacks - and it was only 2 days into the new Congress. Learn how we on the right have a "secret code language"
Sarah Eeee

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

www.nytimes.com/...26excerpt.html

inequality capitalism economics

shared by Sarah Eeee on 27 Dec 10 - No Cached
  • 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
  • Sarah Eeee on 27 Dec 10
     
    (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.
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