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thinkahol *

Petraeus and the Myth of the Surge | Mother Jones - 0 views

motherjones.com/...etraeus-surge-afghanistan-iraq

surge petraeus

shared by thinkahol * on 26 Jun 10 - Cached
  • thinkahol * on 26 Jun 10
     
    As soon as the news was reported that Gen. David Petraeus is succeeding soon-to-be-retired Gen. Stanley McChrystal as commander of the US and NATO forces in Afghanistan, the media narrative was set in stone: the super-general who won the war in Iraq with the so-called surge can now work his magic in another theater. It's hard to stop a locomotive meme-which is what the surge story has become. But the success of the surge in Iraq remains debatable to this day. Still, try injecting that point into media discussions of Iraq or Afghanistan. Yet with Petraeus taking over the Afghanistan war, it's worth noting the other side of the surge tale. So as a public service, here are a few analyses that question the surge hype.
thinkahol *

As Scorn for Vote Grows, Protests Surge Around Globe - NYTimes.com - 0 views

www.nytimes.com/...otests-surge-around-globe.html

As Scorn for Vote Grows Protests Surge Around Globe - NYTimes.com

shared by thinkahol * on 28 Sep 11 - No Cached
  • thinkahol * on 28 Sep 11
     
    MADRID - Hundreds of thousands of disillusioned Indians cheer a rural activist on a hunger strike. Israel reels before the largest street demonstrations in its history. Enraged young people in Spain and Greece take over public squares across their countries.
Joe La Fleur

Poll: Egyptian Negativity Toward U.S. Surges, As U.S. Prepares to Send Egypt $1.5 Billi... - 0 views

cnsnews.com/...prepares-send-egypt-15-billion

poll egyptian u s egypt billion politics news islam

shared by Joe La Fleur on 25 Mar 12 - No Cached
  • Joe La Fleur on 25 Mar 12
     
    OBAMA GIVING AWAY MONEY THAT THE US HAD TO BORROW
Sana ulHaq

Surge in voter registration makes election outcome more volatile - 0 views

www.newshungama.com/?p=1847

surge voter

shared by Sana ulHaq on 22 Apr 10 - Cached
  • Sana ulHaq on 22 Apr 10
     
    The number of people registering to vote has increased markedly, adding a new generation of voters to the electorate and making the outcome of the election even more volatile, according to a survey of marginal constituencies conducted by the Guardian.
thinkahol *

Why Isn't Wall Street in Jail? - 0 views

www.readersupportednews.org/...3-why-isnt-wall-street-in-jail

Why Isn't Wall Street in Jail?

shared by thinkahol * on 22 Feb 11 - No Cached
  • thinkahol * on 22 Feb 11
     
    Which is not to say that the Obama era has meant an end to law enforcement. On the contrary: In the past few years, the administration has allocated massive amounts of federal resources to catching wrongdoers - of a certain type. Last year, the government deported 393,000 people, at a cost of $5 billion. Since 2007, felony immigration prosecutions along the Mexican border have surged 77 percent; nonfelony prosecutions by 259 percent. In Ohio last month, a single mother was caught lying about where she lived to put her kids into a better school district; the judge in the case tried to sentence her to 10 days in jail for fraud, declaring that letting her go free would "demean the seriousness" of the offenses. So there you have it. Illegal immigrants: 393,000. Lying moms: one. Bankers: zero. The math makes sense only because the politics are so obvious. You want to win elections, you bang on the jailable class. You build prisons and fill them with people for selling dime bags and stealing CD players. But for stealing a billion dollars? For fraud that puts a million people into foreclosure? Pass. It's not a crime. Prison is too harsh. Get them to say they're sorry, and move on. Oh, wait - let's not even make them say they're sorry. That's too mean; let's just give them a piece of paper with a government stamp on it, officially clearing them of the need to apologize, and make them pay a fine instead. But don't make them pay it out of their own pockets, and don't ask them to give back the money they stole. In fact, let them profit from their collective crimes, to the tune of a record $135 billion in pay and benefits last year. What's next? Taxpayer-funded massages for every Wall Street executive guilty of fraud?
thinkahol *

Return to Tahrir Square: Egypt erupts in protest - Africa, World - The Independent - 0 views

www.independent.co.uk/...erupts-in-protest-2309512.html

Return to Tahrir Square: Egypt erupts in protest - Africa World The Independent

shared by thinkahol * on 10 Jul 11 - No Cached
  • thinkahol * on 10 Jul 11
     
    Hundreds of thousands of protesters packed into Cairo's Tahrir Square yesterday for one of the biggest anti-government demonstrations since Hosni Mubarak was toppled in February. As suspicions over the conduct of the ruling military council continued to simmer, crowds of people surged into the iconic Downtown plaza in scenes not witnessed on a similar scale since the deposed leader was ousted nearly five months ago. The rally was boosted by the official support of the Muslim Brotherhood, Egypt's largest political organisation, which until now has refused to take part in most of the protests that have happened since February. A large number of the country's other political groups and parties also backed the rally. There were similar protests across the country, including in the northern Mediterranean city of Alexandria. But it was in Tahrir Square where the greatest numbers gathered. Tens of thousands of men, women and children arrived throughout the day carrying Egyptian flags and banners, and by the afternoon central Cairo was awash in a sea of street vendors, tents and ebullient slogans.
Bakari Chavanu

Robert Reich: David Brooks is Dead Wrong About Inequality | Alternet - 0 views

www.alternet.org/...ks-dead-wrong-about-inequality

shared by Bakari Chavanu on 22 Jan 14 - No Cached
  • Such is the case with his New York Times  column last Friday, arguing that we should be focusing on the “interrelated social problems of the poor” rather than on inequality, and that the two are fundamentally distinct.
    • Bakari Chavanu
      Bakari Chavanu on 22 Jan 14
       
      It's the old blame the poor argument.
  • Once the middle class has exhausted all its coping mechanisms – wives and mothers surging into paid work (as they did in the 1970s and 1980s), longer working hours (which characterized the 1990s), and deep indebtedness (2002 to 2008) – the inevitable result is fewer jobs and slow growth, as we continue to experience.
  • Third, America’s shrinking middle class also hobbles upward mobility. Not only is there less money for good schools, job training, and social services, but the poor face a more difficult challenge moving upward because the income ladder is far longer than it used to be, and its middle rungs have disappeared.
  • ...1 more annotation...
  • o the contrary, as wealth has accumulated at the top, Washington has reduced taxes on the wealthy, expanded tax loopholes that disproportionately benefit the rich, deregulated Wall Street, and provided ever larger subsidies, bailouts, and tax breaks for large corporations. The only things that have trickled down to the middle and poor besides fewer jobs and smaller paychecks are public services that are increasingly inadequate because they’re starved for money.
Levy Rivers

In Fine Print, a Proliferation of Large Donors - 0 views

www.nytimes.com/...21donate.html

shared by Levy Rivers on 21 Oct 08 - Cached
  • The joint fund-raising committees have been utilized far more heavily this presidential election than in the past. Mr. Obama’s campaign has leaned on wealthy benefactors to contribute up to $33,100 at a time to complement his army of small donors over the Internet as he bypassed public financing for the general election. More than 600 donors contributed $25,000 or more to him in September alone, roughly three times the number who did the same for Senator John McCain.
  • Compared with Mr. Obama, Mr. McCain drew a slightly larger percentage of his big-donor money from the financial industry, about a fifth of his total. The next biggest amount in large checks for Mr. McCain came from real estate and then donors who identified themselves as retired. With his emphasis on offshore drilling, Mr. McCain has also enjoyed heavy support from generous benefactors in the oil and gas industry, a group Mr. Obama drew relatively little from.
  • Donations to these joint fund-raising committees have surged this election cycle, taking in nearly $300 million this year through September — with Mr. McCain collecting slightly more than Mr. Obama — compared with $69 million in 2004. Campaign finance watchdogs call it a worrisome trend, saying the heavy emphasis on such arrangements brings candidates one step further into the embrace of major donors.
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  • McCain finance officials introduced their main joint fund-raising committee, McCain Victory 2008, in the spring. Mr. McCain was still able to accept primary money, so money was divided between his primary campaign coffers, the Republican National Committee, several state parties and his compliance fund, for a maximum check of $70,100.
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.
  • ...4 more annotations...
  • 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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