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in title, tags, annotations or urlBarack Obama Bypasses Congress Again to Change Law - 0 views
Despite celebration, Iraq war continues - Iraq war - Salon.com - 0 views
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Pentagon admits "nothing will change." That isn't a paraphrase -- it's a direct quote from the Army's chief spokesman in Iraq
Income Inequality and the 'Superstar Effect' - NYTimes.com - 0 views
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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.
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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.
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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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(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.
Income Inequality and the 'Superstar Effect' - NYTimes.com - 0 views
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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.
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. 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.
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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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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)
Are We Running Out of Oil? | The Nation - 0 views
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The scientific community has long agreed that our dependence on fossil fuels inflicts massive damage on the environment and our health, while warming the globe in the process. But beyond the damage these fuels cause to us now, what will happen when the world's supply of oil runs out? In a new video series from The Nation and On The Earth Productions, Bill McKibben, Noam Chomsky, Nicole Foss, Richard Heinberg and other scientists, researchers and writers explain. Go here to learn more about "Peak Oil and a Changing Climate," and to see the other videos in the series.
A link between climate change and Joplin tornadoes? Never! - The Washington Post - 0 views
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Caution: It is vitally important not to make connections. When you see pictures of rubble like this week's shots from Joplin, Mo., you should not wonder: Is this somehow related to the tornado outbreak three weeks ago in Tuscaloosa, Ala., or the enormous outbreak a couple of weeks before that (which, together, comprised the most active April for tornadoes in U.S. history). No, that doesn't mean a thing. It is far better to think of these as isolated, unpredictable, discrete events. It is not advisable to try to connect them in your mind with, say, the fires burning across Texas - fires that have burned more of America at this point this year than any wildfires have in previous years. Texas, and adjoining parts of Oklahoma and New Mexico, are drier than they've ever been - the drought is worse than that of the Dust Bowl. But do not wonder if they're somehow connected.
Petition: End Limited Liability (and Save the World) | Change.org - 0 views
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Democrat or Republican, Libertarian or Socialist, politically active and not we are reaping the bitter reward of a political and legal system designed to maximize corporate profits at the expense of our environment, our livelihood, and our very lives. Our society is unraveling. We all know this. This is not idle conspiracy theory. These are well established facts. We are ruled by a headless beast that is no longer accountable to us. That it is headless makes it no less beastly. But there is a silver bullet. It's within our power to restore a functioning free market; to take back our democracy. We must end limited liability for corporations. Only when wealthy investors are no longer shielded from the costs that we collectively bear in their stead, only when they can no longer hide from the burden they have placed on us, only then can we expect the end of corporate plunder. We are running out of time. Millions of Germans lost faith in the free market and capitalism during the Great Depression, and "with the failure of the left to provide a viable alternative, they became vulnerable to the rhetoric of a party that, once it came to power, combined Keynesian pump-priming measures that brought unemployment down to 3 percent with a devastating counterrevolutionary social and cultural program."
Tax Justice Network: U.S. tax changes, graphically - 0 views
Will peace ever be restored in the northern areas of Pakistan - 0 views
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Northern areas of Pakistan For a decade, the northern areas of Pakistan have been under terrorism. The whole area was destroyed by terrorism and then the 2005 disastrous earthquake almost destroyed the northern area of Pakistan. At first, the innocent residents of northern Pakistan were under the terrorism of the Taliban and Al Qaeda; now, they are in the fear of the U.S. drone attacks. After the event of 9/11, the world has been completely changed, the western world, especially the U.S., has been hostile to countries like Pakistan, Afghanistan, Iran and Iraq. Will peace ever be restored in the northern areas of Pakistan? The northern area of Pakistan was under the invasion of the Taliban. The Taliban had taken over the area and enforced many severe laws. Girls were banned from acquiring education, girls' educational institutions were destroyed completely, and women were banned from earning a living. Women were also not allowed to go out of the house unnecessarily, if the situation occurs that they have to, they should be accompanied by male Mahram. If a female was caught alone in the street, then she was severely punished. A couple of years ago, a mobile phone recorded video was released in which the Taliban was spanking a girl with a leather belt in front of everyone. The girl was caught in the street with her father in law. The Pakistani Army conducted various operations in the areas and killed most of the Taliban and brought many areas back to peace.
At a 60's Style Be-In, Guns Yield to Words, Lots of Words - 0 views
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This article will allow me to evaluate the mainstream media's interpretation of the Other Campaign. Expectedly, it is full of jokes and superfluity and lacking in legitimate analysis. The NYT guy said that Marcos was vague about what the Other Campaign is about. They say Marcos "even tried to undermine" the "popular leftist candidate," the one from the PRD, who would sell out the country. "Precisely what Marcos hopes to accomplish with the meetings and with a planned national tour by a group of Zapatista representatives remains murky. He has not defined how he would change the Constitution." They say that the EZLN hasn't launched another military offensive because they were pushed back into the jungle by the military in 1995. in article: Still others say Marcos's call for a broad movement reflects a widespread disappointment with left-leaning politicians throughout Latin America, who have become enmeshed in the sort of corruption scandals they once criticized. "What they are saying represents a trend in Latin America, which is that people have lost faith in political parties," said Peter M. Rosset, an expert in agricultural policy who attended the meeting on Sunday. "The basic feeling is that the political class is all the same." That sentiment was expressed over and over here in San Miguel, a former 15,000-acre ranch that the Zapatistas seized in 1994 and divided among former Indian ranch hands. "This movement, for me, its historic," said Arturo Guzmán González, a 29-year-old singer who did a version a cappella of his protest song, "Manifestarse." "It has a moral base, this movement. They seek the words of everyone."
The Torch Has Been Passed... - 0 views
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