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I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll

The climate catastrophe has begun. How much more proof do the deniers want?, Environmentalism, Johann Hari

"In 2009, the scientific literature caught up with what top climate scientists have been saying privately for a few years now: * Many of the predicted impacts of human-caused climate change are occurring much faster than anybody expected - particularly ice melt, everywhere you look on the planet. * If we stay anywhere near our current emissions path, we are facing incalculable catastrophes by century's end, including rapid sea level rise, massive wildfires, widespread Dust-Bowlification, large oceanic dead zones, and 9°F warming - much of which could be all but irreversible for centuries. And that's not the worst-case scenario! * The consequences for human health and well being would be extreme. That's no surprise to anybody who has talked to leading climate scientists in recent years, read my book Hell and High Water (or a number of other books), or followed this blog. Still, it is a scientific reality that I don't think more than 2 people in 100 fully grasp, so I'm going to review here the past year in climate science. I'll focus primarily on the peer-reviewed literature, but also look at some major summary reports."

The point of all of this is, if you add up all of the MBS-related liability out there, the banks as it stands are facing an Armageddon of claims from all sides. It can't possibly be less than a trillion dollars, and it's probably much, much more. But the Obama administration's current plan is to let them all walk after paying a few shekels apiece into a $20 billion kitty.

How do they make so much money? Where does it come from? How can hedge fund firms with fewer than 100 employees make as much profit as firms with thousands of employees?

[Barring unforeseen events, I'm going to leave this post at the top of the page for today and tomorrow, as I think the events it examines, rather in detail and at length, are vitally important and merit much more attention than they've received] The Obama DOJ's effort to force New York Times investigative journalist Jim Risen to testify in a whistleblower prosecution and reveal his source is really remarkable and revealing in several ways; it should be receiving much more attention than it is.  On its own, the whistleblower prosecution and accompanying targeting of Risen are pernicious, but more importantly, it underscores the menacing attempt by the Obama administration -- as Risen yesterday pointed out -- to threaten and intimidate whistleblowers, journalists and activists who meaningfully challenge what the government does in secret. The subpoena to Risen was originally issued but then abandoned by the Bush administration, and then revitalized by Obama lawyers.  It is part of the prosecution of Jeffrey Sterling, a former CIA agent whom the DOJ accuses of leaking to Risen the story of a severely botched agency plot -- from 11 years ago -- to infiltrate Iran's nuclear program, a story Risen wrote about six years after the fact in his 2006 best-selling book, State of War.  The DOJ wants to force Risen to testify under oath about whether Sterling was his source.

The issues and concepts presented in this video with respect to imagery are not affiliated with The Chemical Brothers or with Anwar SuperStar. Rather, they are my own interpretation of the lyrics. Although some may disagree, I believe the central message of this song is calling for the global unification of people (regardless of race, ethnicity or nationality) to stand up against the corruptions of various governments and political systems on both national and international levels. I am sure, that some will definitely be of the opinion that this video is a gross misinterpretation the artist's intent. Others may think that I have characterized this video as a dedication to 'conspiracy theories' related to the new world order. However, regardless of whether people agree or disagree, the idea of the new world order has definitely become a globally recognised concept- to an extent where it can no longer be regarded as simply a 'theory'. It may be of interest to know that the UN has previously hinted on what may appear to be ' the united states of the world'; "The turn of the century is a unique and symbolically compelling moment for the 189 Member States of the United Nations to articulate and affirm an animating vision for the Organization in the new era." There is a need for Americans and British citizens in particular, to realise that they have been forced into paying for wars- one of which has been argued to be illegal. The leaders of these countries went as far as saying that it was our 'duty' to support the war. The corporate media definitely supported this idea and they were very successful in painting a picture of how 'dangerous' countries like Iraq and Afghanistan are to our freedoms. Yet if this were true, how come it only took a matter of weeks to almost cleanse the country of any Iraqi political influence by over-throwing the government? The answer is because the war in Iraq was never about Saddam Husein. It was to do with oil, amongst other things which ben

Economic meltdown, pro-democracy revolts, protest camps - it's kicking off everywhere. But was all this catalysed by new social media and technologies as many claimed? Paul Mason, a BBC correspondent who witnessed much of the unrest at first-hand, tells Liz Else that it's a lot subtler than that

If black kids are doing drugs less often than white kids, why are they being arrested so much more?

The danger of depending too much on a Chinese rescue for the global economy: Even planned slowdowns cause panic

Why More Equality? Our thirty years research shows that: 1) In rich countries, a smaller gap between rich and poor means a happier, healthier, and more successful population. Just look at the US, the UK, Portugal, and New Zealand in the top right of this graph, doing much worse than Japan, Sweden or Norway in the bottom left.

No serious person denies that Reagan's 1981 tax cuts and military increases threw the country into a pattern of borrowing and borrowing that we have not escaped. When Reagan took office the national debt was $995 billion. When Reagan left office it was $2.87 trillion and climbing fast. No serious person denies that Bush's 2001 tax cuts and continued military increases dramatically worsened the problem. Bush's last budget year ended with a record single-year deficit of $1.4 trillion. As the country discusses what to do about the borrowing the elephant in the room is that everyone understands that restoring top tax rates to pre-Reagan levels and cutting the military budget in half would solve the problem completely. But we can't do that. We can't even discuss it. And we all know why. And we all know why. It is because the Reagan Revolution transformed the country from a democracy to a plutocracy -- a country run by and for the wealthy. Such sensible and simple ideas are considered off-limits. To even bring up the idea of restoring tax rates to pre-Reagan levels and cutting military spending invites terrible consequences. The speaker risks becoming the target of the money's noise machine: Limbaugh, Hannity, Drudge, Fox. Smears. Humiliation. Banishment. Or the noise machine cranks up a campaign of misinformation, convincing people --especially DC people -- that what they see in front of their eyes just isn't so. Repeat it enough and it becomes solid knowledge. We all know this is the way it is. So don't tell me that "we don't have the money" to keep 300,000 teachers from being laid off, or to help the long-term, mostly older unemployed workers get something to live on and keep their health care. The money is right there in front of us, but the Congress is bought and paid for. What do we do? We have to demand representatives who represent us, not make excuses for representing the wealthy. The unfortunate, poor and disadvantaged must count every bit as much as the

How much money has Congress taken from major telcos? What does Comcast spend on lobbyists to promote bad policies in Washington? Visit Corporation Road to find out - and learn what you can do about it.

Official policy, not lack of educator imagination, not laziness, not union obstinacy, not anything else, is the main reason schools function very much as they did a century ago. Put the blame where it belongs. There are several reasons why most charters differ little or not at all from traditional public schools. Here are four:

Much like a Facebook profile, " The Social Network " is made more appealing through some artful lies, well-chosen omissions and careful shading.

Much of what medical researchers conclude in their studies is misleading, exaggerated, or flat-out wrong. So why are doctors-to a striking extent-still drawing upon misinformation in their everyday practice? Dr. John Ioannidis has spent his career challenging his peers by exposing their bad science. 

Much of what investment bankers do is socially worthless.

The failure of social scientists to seriously question their own ideological and methodological assumptions contributes to the complex interrelationship between global ecological and individual psychological problems. Much of the literature on the tragedy of the commons focuses on saving the global commons through increased centralization and regulation, at the expense of the individual's autonomy and psychological sense of community. "Utopian" speculation in general and anarchist political analysis in particular are necessary correctives to misplaced attempts to merely rearrange the elements of the status quo rather than to radically alter it in a direction more in keeping with both survival and human dignity.

Richard Gage, member of Architects and Engineers for 9/11 Truth, is interviewed on KMPH Fox 26 in Fresno, California, about the events of September 11, 2001. He has been an architect for over twenty years, and is experienced in steel structures. He, as well as 700 other architects and engineers, calls for a more thorough investigation into the collapses of the World Trade Center Buildings. Topics discussed: Proof of thermite and nano-thermite (explosives) found in WTC dust.All three of the World Trade Center Buildings were brought down by controlled demolition.Building 7s collapse at freefall speed into its own footprint.Fires had never brought down a steel structure before 9/11, and have never brought down one since.Several tons of molten iron at the base of the buildings.Al Qaeda was not responsible for the collapses.Much more! Watch and spread this video!