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thinkahol *

Calls for Drug Law Reform Top Obama Transition Website at change.gov » Blog o... - 0 views

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    President-elect Barack Obama offered Americans a unique opportunity to directly relay their concerns to the incoming administration when his change.gov website unveiled its "Open for Questions" tool late last week. The result of that tool's first round of voting may have surprised Obama and his staff: two of the top ten questions -including the highest ranking question - concerned marijuana policy and questions that challenged the drug war in general took 16 of the top 50 spots. Many were disappointed, though unsurprised, by the administration's response to the question that landed in the top slot. When asked whether or not he would "consider legalizing marijuana so that the government [could] tax it, put age limits on it, and create millions of new jobs [and] a billion dollar industry right here in the U.S.," Obama's team responded with a resounding "no," stating simply that the President-elect "is not in favor of the legalization of marijuana."
thinkahol *

Work That Needs Doing - 0 views

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    According to the American Society of Civil Engineers, repairing our crumbling infrastructure will require an investment of $2.2 trillion over five years. (Source: ASCE Report Card for America's Infrastructure) For every $100 billion spent on infrastructure projects such as rebuilding our roads and bridges, public transportation, energy transmission and water systems, 1.8 million jobs would be created. (Source: Heintz, Robert, James Pollin, and Heidi Garrett-Peltier, "How Infrastructure Investments Support the U.S. Economy: Employment, Productivity and Growth." Amherst, MA: Political Economy Research Institute, January 2009) The current Congress hasn't passed a single job-creation bill. Instead of creating jobs, they've been killing them and slowing down the economic recovery with severe budget cuts. In fact, 1.8 million jobs will be lost as a result of the recent debt ceiling deal to cut government spending while failing to extend the payroll tax and emergency unemployment benefits. (Source: The Century Foundation/Economic Policy Institute) A huge share of the nation's economic growth over the past 30 years has gone to the top .1% of Americans, who now make an average of $27 million per household. The average income for the bottom 90% of us is only $31,244. (Source: Mother Jones http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph) In 1945, the top tax rate for millionaires was 66.4%. The top tax rate for millionaires today is 32.4%. (Source: Mother Jones http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph) Between 2007 and 2010, corporate profits came roaring back to record-high levels at the same time the country lost 8.2 million jobs, or 5.9% of the job base. (Source: Economic Policy Institute) Instead of investing in America and creating jobs, businesses have stockpiled nearly $1.9 trillion in cash - a record high. (Source: Federal Reserve) Corporate taxes account for only 1.3% of the gross d
thinkahol *

14 Ways a 90 Percent Top Tax Rate Fixes Our Economy and Our Country | OurFuture.org - 0 views

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    A return to Eisenhower-era 90% top tax rates helps fix our economy in several ways:
thinkahol *

Startling revelations from a Swiss banking insider | Dailycensored.com - 0 views

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    (interview with a Swiss banker  done in Mosсow 30.05.2011)  Q: Can you tell us something about your involvement in the Swiss banking business?A: I have worked for Swiss banks for many years. I was designated as one of the top directors of one of the biggest Swiss banks. During my work I was involved in the payment, in the direct payment in cash to a person who killed the president of a foreign country. I was in the meeting where it was decided to give this cash money to the killer. This gave me dramatic headaches and troubled my conscience. It was not the only case that was really bad but it was the worst. It was a payment instruction on order of a foreign secret service written by hand giving the order to pay a certain amount to a person who killed the top leader of a foreign country. And it was not the only case. We received several such hand written letters coming from foreign secret services giving the order to payout cash from secret accounts to fund revolutions or for the killing of people. I can confirm what John Perkins has written in his book "Confessions of an Economic Hit Man". There really exists just a system and Swiss banks are involved in such cases.
thinkahol *

Income inequality is bad for rich people too - Glenn Greenwald - Salon.com - 0 views

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    My analysis is quite simple and follows the apocryphal statement attributed to Willie Sutton. The wealth that has accrued to those in the top 1 per cent of the US income distribution is so massive that any serious policy program must begin by clawing it back. If their 25 per cent, or the great bulk of it, is off-limits, then it's impossible to see any good resolution of the current US crisis. It's unsurprising that lots of voters are unwilling to pay higher taxes, even to prevent the complete collapse of public sector services. Median household income has been static or declining for the past decade, household wealth has fallen by something like 50 per cent (at least for ordinary households whose wealth, if they have any, is dominated by home equity) and the easy credit that made the whole process tolerable for decades has disappeared. In these circumstances, welshing on obligations to retired teachers, police officers and firefighters looks only fair. In both policy and political terms, nothing can be achieved under these circumstances, except at the expense of the top 1 per cent. This is a contingent, but inescapable fact about massively unequal, and economically stagnant, societies like the US in 2010. By contrast, in a society like that of the 1950s and 1960s, where most people could plausibly regard themselves as middle class and where middle class incomes were steadily rising, the big questions could be put in terms of the mix of public goods and private income that was best for the representative middle class citizen. The question of how much (more) to tax the very rich was secondary - their share of national income was already at an all time low.
thinkahol *

Americans Don't Realize Just How Badly We're Getting Screwed by the Top 0.1 Percent Hoa... - 0 views

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    With an unprecedented sum of wealth held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history.
thinkahol *

Torture Prosecutor Tops 70,000 Questions for Obama on Change.Gov | Common Dreams - 0 views

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    A whopping 70,000 questions poured into Change.gov over the past week, in response to the Obama transition team's call for citizen queries to the President-Elect. After votes from about 100,000 people, the top ranked question asks Obama whether he will appoint a special prosecutor to investigate allegations of torture and illegal surveillance by the U.S. government. I've been working with activist Bob Fertik to organize support for the question, and several progressive bloggers urged readers and Obama supporters to vote for it last week. Digby, who has written extensively about the Bush administration's abuse of the rule of law, recently reported on the progress:
thinkahol *

World's top firms cause $2.2tn of environmental damage, report estimates | Environment ... - 0 views

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    Report for the UN into the activities of the world's 3,000 biggest companies estimates one-third of profits would be lost if firms were forced to pay for use, loss and damage of environment
thinkahol *

Cut the working week to a maximum of 20 hours, urge top economists | Society | The Obse... - 0 views

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    Job sharing and increased leisure are the answer to rising unemployment, claims thinktank
thinkahol *

Why More Equality? | The Equality Trust - 0 views

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    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.
thinkahol *

Tax Cuts Caused The Deficits, Therefore... | OurFuture.org - 0 views

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    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
thinkahol *

LRB · David Runciman · How messy it all is - 0 views

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    Sometimes inequality is bad for almost everyone, and sometimes only for certain people; sometimes it is worst for the people at the bottom, and sometimes it is just as bad for the people at the top. Different societies are equal or unequal for different reasons, sometimes by necessity, sometimes by choice. More equality is a good thing and it's an idea that's worth defending. It would be nice if there were more politicians willing to stand up and defend it, however they saw fit.
thinkahol *

An illustrated guide to the latest climate science « Climate Progress - 0 views

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    "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."
thinkahol *

Plutocracy Now: What Wisconsin Is Really About | Mother Jones - 0 views

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    Workers now lose a collective $743 billion each year. The top1 percent gains $673 billion. That's a pretty close match
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 *

REPORT: Debt Ceiling Deal Will Cost 1.8 Million Jobs In 2012 | ThinkProgress - 0 views

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    The Economic Policy Institute, a top nonpartisan think tank, estimates that the deal struck this weekend to raise the nation's debt limit will end up costing the economy 1.8 million jobs by 2012.
thinkahol *

FOCUS: Obama Team Feared Coup If He Prosecuted War Crimes - 0 views

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    'President-Elect Obama's advisors feared in 2008 that authorities would revolt and that Republicans would block his policy agenda if he prosecuted Bush-era war crimes, according to a law school dean who served as one of Obama's top transition advisers.' Andrew Kreig, Justice Integrity Project
thinkahol *

Science Daily: News & Articles in Science, Health, Environment & Technology - 0 views

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    Roll over headlines to view top news summaries: Making Skinny Worms Fat and Fat Worms Skinny 'Exploratory' Butterflies Genetically Different Spiders Target Insects' Mate-Luring Signals Huge Natural Arch Found In Afghanistan Warm Water For Cold Winters in Northeast Ocean and River Water for Electricity Blood-Testing Device Can Spot Cancer, HIV Continuing Winter Ice Loss in Arctic Sea Plants Optimize Before Spinning Off New Species Hidden Code Reveals Brain Activity
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