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thinkahol *

U.S. Special Forces Operating Secretly in 120 Countries - 0 views

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    Most Americans are aware that U.S. forces are involved in missions in Afghanistan, Iraq, and Libya. Those who pay closer attention to the news may know that American troops are also active in Pakistan, Yemen, and Somalia. But according to Nick Turse of TomDispatch.com, those six nations comprise only five percent of the total number of countries in which the Department of Defense is conducting operations. "A secret force within the U.S. military," says Turse, "is undertaking operations in a majority of the world's countries" - at a rate of 70 such operations per day.
thinkahol *

Can we lock Congress out? - CNN.com - 0 views

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    Congress' approval rating has fallen to an abysmal 9% -- to put this in perspective, herpes is now slightly more popular than Congress.
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.
barrybcollinss

US economy surprisingly grows at 2.8 percent annual rate over summer, best showing in a... - 0 views

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    WASHINGTON –  The U.S. financial system expanded at a 2.8 % once-a-year charge from July as a result of September, a stunning indication of toughness forward of the 16-working day partial authorities shutdown. Exports rose, firms stocked up, property construction increased and point out and regional governments used at the swiftest rate in four years.
thinkahol *

Gulf Oil Spill Effects On Wildlife - 0 views

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    Scientists to study impact of gulf oil spill on marine food webs. Shells from oysters, clams, and periwinkles hold clues about the ways and rates at which harmful compounds from the spill are being incorporated into the Gulf's marine food web. New reports are surfacing every day about the immediate impacts of the Deepwater Horizon oil spill on Gulf Coast wildlife, especially as the oil reaches the sensitive marshlands along the coast. But how will these communities be affected over time? (Source: Science Magazine)
Thomas Sullivan

Obama's Post-Recession Economy a Failure - 0 views

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    The Obama economy is tanking, its growth rate is slowing, businesses are shedding jobs and a wave of pessimism has sent U.S. stock markets into a nose dive, threatening recovery.
thinkahol *

How Corporations Buy Congress | BuzzFlash.org - 0 views

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    With the November elections quickly approaching, the majority of  Americans will be thinking one thing: "Who cares?" This apathy isn't due  to ignorance, as some accuse. Rather, working people's disinterest in  the two party system implies intelligence: millions of people understand  that both the Democrats and Republicans will not represent their  interests in Congress.  This begs the question: Whom does the two party system work for? The  answer was recently given by the mainstream The New York Times, who  gave the nation an insiders peek on how corporations "lobby" (buy)  congressmen. The article explains how giant corporations - from  Wall-mart to weapons manufacturers - are planning on shifting their  hiring practices for lobbyists, from Democratic to Republican  ex-congressmen in preparation for the Republicans gaining seats in the  upcoming November elections: "Lobbyists, political consultants and recruiters all say that the  going rate for Republicans - particularly current and former House staff  members - has risen significantly in just the last few weeks, with  salaries beginning at $300,000 and going as high as $1million for  private sector [corporate lobbyist] positions." (September 9, 2010) Congressmen who have recently retired make the perfect lobbyists:  they still have good friends in Congress, with many of these friends  owing them political favors; they have connections to foreign Presidents  and Kings; and they also have celebrity status that gives good PR to  the corporations. Often, these congressmen have done favors for the corporation that  is now hiring them, meaning, that the corporations are rewarding the  congressmen for services rendered while in office, offering them million  dollar lobbyist jobs (or seats on the corporate board of directors)  that requires little to no work.  The same New York Times article revealed that the pay for 13,000  lobbyists currently bribing Congress is a combined $3.5 bil
Skeptical Debunker

ASUS Bamboo Laptops: Notebook Computing Made Greener |  crispgreen.com - 0 views

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    ASUS has always been known for making some of the best gaming computers in the world. Now they can also be known for making some of the coolest: ASUS now has two notebooks that are built using bamboo - and selling for under $1,000. The ASUS U6V and U2E Bamboo Series Notebook computers use industrial-strength two-year-old Moso bamboo for virtually the entire casing of the product. "We spent the last couple of years perfecting and working with bamboo," said Jonney Shih, Chairmen of ASUSTeK Computer Incorporated. "It is trendy yet responsible." Pound-for-pound, bamboo also has a regeneration rate that is simply unmatched in nature. It has been known to grow two feet in just 24 hours and using less energy in to manufacture than those made out of metal alloys from refined petroleum.
Skeptical Debunker

Piezo-rubber creates potential for wearable energy system - 0 views

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    As we continue to carry around items that insist on requiring electricity to work, portable-even wearable-energy-generating systems are looking very attractive. A group of researchers has recently looked into the use of piezoelectric materials, which generate an electric field or potential when placed under mechanical stress. By placing these materials on a rubbery or flexible surface, they created a material that can generate the highest rate of energy conversion reported for similar systems. While these are still far from the market, the metrics of the flexible piezoelectrics so far are very promising.
Skeptical Debunker

Unintended Acceleration Not Limited To Toyotas : NPR - 0 views

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    The dangerous problem of cars accelerating without a driver's input has put Toyota in the headlines - and brought the giant carmaker's executives to congressional hearings. But unintended acceleration has been a problem across the auto industry, according to an NPR analysis of consumer complaints to federal regulators. The NPR News investigation finds that other automakers have had high rates of complaints in some model years, including Volkswagen, Volvo and Honda - in some cases resolving the apparent problems through evolving technology and recalls. The analysis covers about 15,000 complaints filed over the past decade, covering cars back to the 1990 model year. The complaints were filed with the National Highway Transportation Safety Administration, which regulates auto safety.
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.
thinkahol *

Peak Oil and a Changing Climate | The Nation - 0 views

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    Peak Oil is the point at which petroleum production reaches its greatest rate just before going into perpetual decline. In "Peak Oil and a Changing Climate," a new video series from The Nation and On The Earth productions, radio host Thom Hartmann explains that the world will reach peak oil within the next year if it hasn't already. As a nation, the United States reached peak oil in 1974, after which it became a net oil importer. Bill McKibben, Noam Chomsky, Nicole Foss, Richard Heinberg and the other scientists, researchers and writers interviewed throughout "Peak Oil and a Changing Climate" describe the diminishing returns our world can expect as it deals with the consequences of peak oil even as it continues to pretend it doesn't exist. These experts predict substantially increased transportation costs, decreased industrial production, unemployment, hunger and social chaos as the supplies of the  fuels on which we rely dwindle and eventually disappear. Chomsky urges us to anticipate the official response to peak oil based on how corporations, news organizations and other institutions have responded to global warming: obfuscation, spin and denial. James Howard Kunstler says that we cannot survive peak oil unless we "come up with a consensus about reality that is consistent with the way things really are." This documentary series hopes to help build that consensus. Click here to watch the introductory video, and check back here for new videos each Wednesday.
thinkahol *

US Uncut -- a Grassroots Uprising Against Corporate Tax Deadbeats | | AlterNet - 0 views

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    The IRS estimates that individuals and corporations currently hold $5 trillion in tax haven countries. Nearly two-thirds of corporations pay no taxes at all, and the great vampire squid, Goldman Sachs, which received $10 billion dollars in taxpayer money during the bailout, negotiated their tax rate down to one percent. The entire tax haven scam costs taxpayers as much as $100 billion per year.
thinkahol *

Texas, Budget Cuts and Children - NYTimes.com - 0 views

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    And who will bear the brunt of these cuts? America's children. Now, politicians - and especially, in my experience, conservative politicians - always claim to be deeply concerned about the nation's children. Back during the 2000 campaign, then-candidate George W. Bush, touting the "Texas miracle" of dramatically lower dropout rates, declared that he wanted to be the "education president." Today, advocates of big spending cuts often claim that their greatest concern is the burden of debt our children will face. In practice, however, when advocates of lower spending get a chance to put their ideas into practice, the burden always seems to fall disproportionately on those very children they claim to hold so dear. Consider, as a case in point, what's happening in Texas, which more and more seems to be where America's political future happens first.
thinkahol *

S&P: 60% of countries will be bankrupt within 50 years | The Raw Story - 0 views

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    Some sixty percent of the world's economies will be so in debt by 2060 that their debt will be downgraded to "junk" status, effectively bankrupting the countries, says a report from Standard & Poor's ratings agency, which also warns that attempts to deal with the problem could cause social instability.
thinkahol *

Record profits and record unemployment: Nothing's trickling down - CSMonitor.com - 0 views

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    The Big Money economy is booming. According to a new Commerce Department report, third-quarter profits of American businesses rose at an annual record-breaking $1.659 trillion - besting even the boom year of 2006 (in nominal dollars). Profits have soared for seven consecutive quarters now, matching or beating their fastest pace in history. Executive pay is linked to profits, so top pay is soaring as well. Higher profits are also translating into the nice gains in the stock market, which is a boon to everyone with lots of financial assets. And Wall Street is back. Bonuses on the Street are expected to rise about 5 percent this year, according to a survey by compensation consultants Johnson Associates Inc. But nothing is trickling down to the Average Worker economy. Job growth is still anemic. At October's rate of only 50,000 new private-sector jobs, unemployment won't get down to pre-recession levels for twenty years. And almost half of October's new jobs were in temporary help.
thinkahol *

Robert Reich (The Truth About the American Economy) - 0 views

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    The U.S. economy continues to stagnate. It's growing at the rate of 1.8 percent, which is barely growing at all. Consumer spending is down. Home prices are down. Jobs and wages are going nowhere. It's vital that we understand the truth about the American economy. How did we go from the Great Depression to 30 years of Great Prosperity? And from there, to 30 years of stagnant incomes and widening inequality, culminating in the Great Recession? And from the Great Recession into such an anemic recovery?
thinkahol *

Republican Budget Extremist and Cruel - 0 views

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    Sen. Sanders calls out GOP and Dems on corporate tax rates, breaks for wealthiest.
thinkahol *

FOCUS: Pay Your Taxes, Murdoch - 0 views

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    f you had only paid a 6% tax rate over a 4-year period, accumulated $7 billion in offshore profits not subject to US taxes, had over 150 accounts in tax-haven countries like the Cayman Islands and Bermuda, and used the money from your tax dodging to buy another company, you'd be wanted for tax evasion and money laundering. But for Rupert Murdoch's News Corp, that's business as usual.
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