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One is worth $39 billion, while the other has a comparatively meager $450 million but significantly more street cred with young people. So Warren Buffett and Jay-Z are teaming up to teach kids about financial literacy. Buffett's animated series Secret Millionaires Club is set to move from the web to television this month, and an animated Jay-Z is the guest star for the first episode on October 23. During the episode, Jay-Z invites four students to his office and applauds their hard work in school, then gives them some tips on how they can become successful later in life. The idea is to get kids hooked by Jay-Z's endorsement, then keep the lessons going long after the television is turned off. Secret Millionaires Club is simultaneously launching "Learn and Earn," an initiative to teach students a well-organized series of lessons on financial literacy. To that end, the program is providing more than 100,000 educational kits to teachers, and putting a pretty fantastic collection of free, downloadable materials online. To ensure that students put the lessons into action, the program is also kicking off "Grow Your Own Business Challenge"-an online competition designed to spark students' enterpreneurial ambitions. While most kids who watch Secret Millionaires Club probably won't end up as wealthy as Buffett or Jay-Z, who couldn't use money management lessons from two of America's most successful people?

Gerald Klatt and Walter Burien are unrecognized heroes. These individuals are national leaders who have communicated how government agencies conceal American taxpayers' money in surplus accounts that collectively total trillions of our dollars. The data is found in government agencies' Comprehensive Annual Financial Reports (CAFRs).

In a piece reminiscent of classic "60 Minutes," USC journalism student Matt Schrader exposes the dirty side of parking enforcement and street cleaning in downtown Los Angeles. Schrader found that while parking enforcement is out in droves ticketing cars, and mostly on street cleaning days (making the city $15,000 an hour!), the streets they're patrolling aren't even being cleaned. The best line of the piece is from a guy who got ticketed on one of those streets: "They have the manpower to ticket you, but they don't have the manpower to actually do the job."

In a piece reminiscent of classic "60 Minutes," USC journalism student Matt Schrader exposes the dirty side of parking enforcement and street cleaning in downtown Los Angeles. Schrader found that while parking enforcement is out in droves ticketing cars, and mostly on street cleaning days (making the city $15,000 an hour!), the streets they're patrolling aren't even being cleaned. The best line of the piece is from a guy who got ticketed on one of those streets: "They have the manpower to ticket you, but they don't have the manpower to actually do the job."

Media outlets lose credibility when they demand accountability from others while refusing to provide it themselves

"These are some of the things that keep American conservatives awake at night. Modern American conservatism is based on an almost endless series of grievances. Author Thomas Frank coined a term for it: the conservative "plenty-plaint" -- a long and ever-evolving list of personal and cultural gripes dressed up as an ideology. But there's also fear! And while it spans the breadth of the movement, this is the year of the Tea Party revolt, when the grassroots right, disgusted with the idea of semi-affordable health-care and tepid financial reforms is rebelling against even its own establishment. And the divide between the grassroots base and its leadership extends to the very fears that animate them. As we'll see, the conservative movement's business-attired hacks and the hard-Right tea Party types waving misspelled signs out in the streets have some very different causes for alarm. So, here are ten of the most interesting things that absolutely terrify Wingnuttia. First, a few terrors of the real hard-core Right. For the Tea Partier, the midterm GOP primary voter, it's not just the anxiety over social change that typifies more traditional conservatism. A broad chunk of the GOP base today is animated by wildly unrealistic terrors -- monsters stalking them as the sun sets, perhaps hovering just beyond their peripheral vision."

Jeffrey Goldberg responded yesterday to my post detailing his long list of journalistic malfeasance by telling me that he and the Prime Minister of Iraqi Kuridstan would like me to travel there to hear how much the Kurds appreciate the U.S. invasion of Iraq. Leaving aside the complete non sequitur that is his response -- how does that remotely pertain to Goldberg's granting of anonymity to his friends to smear people they don't like or the serial fear-mongering fabrications he spread about the Saddam threat prior to the invasion? -- I don't need to travel to Kurdistan to know that many Kurds, probably most, are happy that the U.S. attacked Iraq. For that minority in Northern Iraq, what's not to like? They had foreign countries (the U.S. and its "partners") expend their citizens' lives and treasure to rid the Kurds of their hated enemy; they received semi-autonomy, substantial oil revenues, a thriving relationship with Israel, and real political power; the overwhelming majority of the hundreds of thousands of Iraqis whose lives were snuffed out and the millions of people displaced by the war were not Kurds, and most of the destruction took place in Central and Southern Iraq away from their towns and homes, while they remain largely free of the emergent police state tactics of the current Iraqi government. As Ali Gharib put it to Goldberg: "there are at least 600,000 Iraqis who, I imagine, are not too thrilled about the way it all turned out and with whom Greenwald will never get a meeting."

While it may take months to stop the BP oil spill in the Gulf of Mexico, it's not too soon to begin asking some questions about why it happened and what can be done to minimize the chance that something like this will happen again. Thanks to The Wall Street Journal's terrific reporting last week, there are two important things we already know

Love it or hate it, Fox News has shaken up the media establishment and achieved financial success by airing the views of strident conservative pundits. Yet while the network has never made any bones about the political slant of opinion shows hosted by the likes of Glenn Beck, Sean Hannity or Bill O'Reilly, executives often claim that its news coverage is "fair and balanced." A memo revealed this week by the liberal watchdog group Media Matters calls that into question.

Here we go again. The government and corporate media are pumping out more propaganda on vital economic statistics to mask the severity of our economic crisis. Deceptive unemployment, GDP, inflation and poverty measures are easily exposed with some research and a closer look at the data. The latest deception comes from the Census Bureau in their annual poverty report, which is now uncritically being "reported" on throughout the corporate media and echoing throughout online news outlets as well. The new Census data reveals that a stunning 46.2 million Americans, 15.1% of the population, lived in poverty in 2010. This is an increase of 2.6 million people since 2009. While these are staggering statistics that represent the highest number of American people to ever live in poverty, and a dramatic year-over-year increase, it significantly undercounts the total. The Census Bureau poverty rate is a highly flawed measurement that uses outdated methodology. The Census measures poverty based on costs of living metrics established in 1955 - 56 years ago. They ignore many key factors, such as the increased costs of medical care, child care, education, transportation, and many other basic expenses. They also don't factor geographically-based costs of living. For example, try finding a place to live in New York that costs the same as a place in Florida. A much more accurate measurement of poverty, which factors in these vital cost of living variables, comes from the National Academy of Sciences (NAS). Unlike the Census poverty measure, which gets significant coverage throughout the corporate media, the NAS measurement gets little, if any, mainstream media coverage.

What Really Happened? Stella Liebeck, 79-years-old, was sitting in the passenger seat of her grandson's car having purchased a cup of McDonald's coffee. After the car stopped, she tried to hold the cup securely between her knees while removing the lid. However, the cup tipped over, pouring scalding hot coffee onto her lap. She received third-degree burns over 16 percent of her body, necessitating hospitalization for eight days, whirlpool treatment for debridement of her wounds, skin grafting, scarring, and disability for more than two years. Despite these extensive injuries, she offered to settle with McDonald's for $20,000. However, McDonald's refused to settle for this small amount and, in fact, never offered more than $800. The jury awarded Liebeck $200,000 in compensatory damages - reduced to $160,000 because the jury found her 20 percent at fault - and $2.7 million in punitive damages for McDonald's callous conduct. (To put this in perspective, McDonald's revenue from coffee sales alone was in excess of $1.3 million a day.) The trial judge reduced the punitive damages to $480,000, but did state that McDonald's had engaged in "willful, wanton, and reckless" behavior. Mrs. Liebeck and McDonald's eventually settled for a confidential amount. The jury heard the following evidence in the case: McDonald's Operations Manual required the franchisee to hold its coffee at 180 to 190 degrees Fahrenheit; Coffee at that temperature, if spilled, causes third-degree burns (the worst kind of burn) in three to seven seconds; Third-degree burns do not heal without skin grafting, debridement and whirlpool treatments that cost tens of thousands of dollars and result in permanent disfigurement, extreme pain and disability of the victim for many months, and in some cases, years; The chairman of the department of mechanical engineering and bio-mechanical engineering at the University of Texas testified that this risk of harm is unacceptable, as did a wid

The administration manipulates secrecy to disseminate beneficial information while supressing what's embarrassing

How did America come to accept having two classes of citizens?  When did America give up on the dream of fairness for all? Last night after the television show, I got the chance to sit down with Glenn Greenwald to discuss his new book, With Liberty and Justice for Some: How the Law is Used to Destroy Equality and Protect the Powerful. Unfairness in America is nothing new.  In fact, it is perfectly acceptable in this culture for us to admire those who we see as becoming successful and powerful by creating value.  At the same time, Americans accept unfairness with one explicit caveat: that each of us has the chance to be one of those people - that each of us has the opportunity to become successful. What Americans are rejecting now is not wealth disparity, but the corrupt and unethical way so much of the money in this country is now being made, with our government, more often than not, simply looking the other way. Well, Americans are saying "no more" to our government explicitly agreeing to legalize and codify that destructive behavior, protecting powerful political and financial elites while prosecuting ordinary Americans over trivial offenses. We are beginning to see a rejection of this unfairness at Occupy Wall Street and other national reform-based movements.  

Censored news story from Israelian newspaper Haaretz: "Gaza residents: IDF troops posing as Hamas men"

"Capitalism has evolved in at least three different forms: corporate capitalism, speculator's capitalism, and, most recently, creative capitalism."