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.
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!
Forget about whether you're liberal or conservative, pro-union or anti. A simple question: in either the public or the private sector, would you not expect a college grad who has worked his or her job for 4 years to be paid significantly more than someone with a high school diploma who's had his or her gig for 2 years?
For thirty years, now, Republicans have been yammering about small government, deficits, the glories of the free market, and the incompetence and wastefulness of government.
It's all been a big lie, part of a well funded and cleverly executed coup d'etat, designed to enable the ultra rich and corporations to literally take power out of the hands of government and money out of the pockets of individual citizens.
As a voice at the megaphone of the Portland protest said, "The United States does not have a deficit problem. The United States has a revenue problem." According to a 2008 report by the Government Accountability Office, 25 percent of the biggest corporations pay no federal income tax. B of A, the recipient of $45 billion in bailout funds, shuttles its would-be tax dollars into 115 offshore tax havens. Meanwhile, budget deficits are cited as justification for pay freezes for public workers and cuts to heating assistance programs, Social Security, and other social safety nets.
In late 2009, Charles Robinson was able to interview Peter Joseph, the creator of Zeitgeist: The Movie, Zeitgeist: Addendum, Zeitgeist: Moving Forward, several lectures and a presentation; Founder of The Zeitgeist Movement and a friend of Jack Fresco, in his home.
He described himself and his life in details in what is likely a rare interview.
He was kind enough to provide him with previously unreleased media and video and in turn Charles did his best to create a documentary (albeit kinda poor in quality compared to his work!) that would help express who this person is.
Peter Joseph was born in North Carolina to a middle class family. He has said in interviews that his mother's role as a social worker helped shape his opinion and impressions of American life.
He later moved to New York to attend art school. Currently he lives and works in New York City as a freelance film editor/composer/producer for various industries.
Due to the controversial content of his films and a desire to keep his day job private, he has not released his full name to the public.
Assuming philosophy should be relevant to the way we choose to live our lives, three questions guide this paper. What are some moral foundations for revolution? Do you realize what is happening? Are you willing to do anything about it?
This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators.
Some of the information may come as a surprise to many people. In fact, I know it will be a surprise and then some, because of a recent study (Norton & Ariely, 2010) showing that most Americans (high income or low income, female or male, young or old, Republican or Democrat) have no idea just how concentrated the wealth distribution actually is. More on that a bit later.
Bestselling author, political adviser and social and ethical prophet Jeremy Rifkin investigates the evolution of empathy and the profound ways that it has shaped our development and our society.
This is the Official Online (Youtube) Release of "Zeitgeist: Moving Forward" by Peter Joseph. [30 subtitles ADDED!]
On Jan. 15th, 2011, "Zeitgeist: Moving Forward" was released theatrically to sold out crowds in 60 countries; 31 languages; 295 cities and 341 Venues. It has been noted as the largest non-profit independent film release in history.
This is a non-commercial work and is available online for free viewing and no restrictions apply to uploading/download/posting/linking - as long as no money is exchanged.
A Free DVD Torrent of the full 2 hr and 42 min film in 30 languages is also made available through the main website [below], with instructions on how one can download and burn the movie to DVD themselves. His other films are also freely available in this format.
For over a week now, in response to the draconian anti-labor proposals of the Republican Governor, the people of Wisconsin have rose up in the hundreds of thousands in militant and creative fashion in defense of public workers and the unions. The Capitol in Madison has been occupied. The surrounding area has seen a sea of demonstrators. Teachers across the state have gone on unofficial strike and high school students have walked-out in support. Rallies of hundreds and thousands have occurred all over the state. This week support rallies will happen all over the country.