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Boycott, Divest and Sanction Corporations That Feed on Prisons  :    Informat... - 0 views

  • All attempts to reform mass incarceration through the traditional mechanisms of electoral politics, the courts and state and federal legislatures are useless. Corporations, which have turned mass incarceration into a huge revenue stream and which have unchecked political and economic power, have no intention of diminishing their profits. And in a system where money has replaced the vote, where corporate lobbyists write legislation and the laws, where chronic unemployment and underemployment, along with inadequate public transportation, sever people in marginal communities from jobs, and where the courts are a wholly owned subsidiary of the corporate state, this demands a sustained, nationwide revolt. “Organizing boycotts, work stoppages inside prisons and the refusal by prisoners and their families to pay into the accounts of phone companies and commissary companies is the only weapon we have left,” said Amos Caley, who runs the Interfaith Prison Coalition, a group formed by prisoners, the formerly incarcerated, their families and religious leaders.
  • These boycotts, they said, will be directed against the private phone, money transfer and commissary companies, and against the dozens of corporations that exploit prison labor. The boycotts will target food and merchandise vendors, construction companies, laundry services, uniforms companies, prison equipment vendors, cafeteria services, manufacturers of pepper spray, body armor and the array of medieval instruments used for the physical control of prisoners, and a host of other contractors that profit from mass incarceration. The movement will also call on institutions, especially churches and universities, to divest from corporations that use prison labor. The campaign, led by the Interfaith Prison Coalition, will include a call to pay all prisoners at least the prevailing minimum wage of the state in which they are held. (New Jersey’s minimum wage is $8.38 an hour.) Wages inside prisons have remained stagnant and in real terms have declined over the past three decades. A prisoner in New Jersey makes, on average, $1.20 for eight hours of work, or about $28 a month. Those incarcerated in for-profit prisons earn as little as 17 cents an hour. Over a similar period, phone and commissary corporations have increased fees and charges often by more than 100 percent. There are nearly 40 states that allow private corporations to exploit prison labor. And prison administrators throughout the country are lobbying corporations that have sweatshops overseas, trying to lure them into the prisons with guarantees of even cheaper labor and a total absence of organizing or coordinated protest.
  • Corporations currently exploiting prison labor include Abbott Laboratories, AT&T, AutoZone, Bank of America, Bayer, Berkshire Hathaway, Cargill, Caterpillar, Chevron, the former Chrysler Group, Costco Wholesale, John Deere, Eddie Bauer, Eli Lilly, ExxonMobil, Fruit of the Loom, GEICO, GlaxoSmithKline, Glaxo Wellcome, Hoffmann-La Roche, International Paper, JanSport, Johnson & Johnson, Kmart, Koch Industries, Mary Kay, McDonald’s, Merck, Microsoft, Motorola, Nintendo, Pfizer, Procter & Gamble, Quaker Oats, Sarah Lee, Sears, Shell, Sprint, Starbucks, State Farm Insurance, United Airlines, UPS, Verizon, Victoria’s Secret, Wal-Mart and Wendy’s.
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  • Prison phone services are a $1.2-billion-a-year industry. Prisoners outside New Jersey are charged by Global Tel Link, which makes about $500 million a year, as much as $17 for a 15-minute phone call. A call of that duration outside a prison would cost about $2. If a customer deposits $25 into a Global Tel Link phone account, he or she must pay an additional service charge of $6.95. And Global Tel Link is only one of several large corporations that exploit prisoners and their families. JPay is a corporation that deals in privatized money transfers to prisoners. It controls money transfers for about 70 percent of the prison population. The company charges families that put money into prisoners’ accounts additional service fees of as much as 45 percent. JPay generates more than $50 million a year in revenue. The Keefer Group, which controls prison commissaries in more than 800 public and private prisons, and which often charges prisoners double what items cost outside prison walls, makes $41 million a year in profit.
  • “Prisoner telephone rates in New Jersey are some of the highest in the country,” Caley said. “Global Tel Link charges prisoners and their families $4.95 for a 15-minute phone call, which is about two and a half times the national average for local inmate calling services.”
  • Prisons, to swell corporate profits, force prisoners to pay for basic items including shoes. Prisoners in New Jersey pay $45 for a pair of basic Reebok shoes—almost twice the average monthly wage. If a prisoner needs an insulated undergarment or an extra blanket to ward off the cold at night he must buy it. Packages from home, once permitted, have been banned to force prisoners to buy grossly overpriced items at the commissary or company-run store. Some states have begun to charge prisoners rent. This gouging is burying many prisoners and their families in crippling debt, debt that prisoners carry when they are released from prison. The United States has 2.3 million people in prison, 25 percent of the world’s prison population, although we are only 5 percent of the world’s population. We have increased our prison population by about 700 percent since 1970. Corporations control about 18 percent of federal prisoners and 6.7 percent of all state prisoners. And corporate prisons account for nearly all newly built prisons. Nearly half of all immigrants detained by the federal government are shipped to corporate-run prisons. And slavery is legal in prisons under the 13th Amendment of the U.S. Constitution. It reads: “Neither slavery nor involuntary servitude, except as punishment for crime whereof the party shall have been duly convicted, shall exist within the United States.”
  • Vast sums are at stake. The for-profit prison industry is worth $70 billion. Corrections Corporation of America (CCA), the largest owner of for-profit prisons and immigration detention facilities in the country, had revenues of $1.7 billion in 2013 and profits of $300 million. CCA holds an average of 81,384 inmates in its facilities on any one day. Aramark Holdings Corp., a Philadelphia-based company that contracts through Aramark Correctional Services to provide food to 600 correctional institutions across the United States, was acquired in 2007 for $8.3 billion by investors that included Goldman Sachs. And, as in the wider society, while members of a tiny, oligarchic corporate elite each are paid tens or even hundreds of millions of dollars annually, the workers who generate these profits live in misery.  “It is an abomination that prisoners are paid 22 cents an hour, $1.20 cents a day,” Larry Hamm told the Newark meeting. “Every prisoner should get the minimum wage of New Jersey, $8.38 per hour.”
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    Why pay a liveable wage to American workers if you can get prison labor for less than market prices in Bangla Desh? The prison telephone racket has bothered me for many years. The FCC authorized no-limit telephone charges for prisoners and their families on the simplistic grounds of, "well, they prisoners who have reduced civil rights anyway. But it ignored that most prison phone calls are collect calls to families on the outside, who are not prisoners and still have their full civil rights. The for-profit prison industry is a prime example of not thinking things through before privatizing a formerly government function. Privatization creates a lobby for the industry, as Americans have learned all to well with the privatization of most Dept. of Defense work other than actual combat.   Already, for profit prison industries are showing up in state legislatures to demand longer prison sentences. They were the prime movers behind the "mandatory minimum sentence" movement, which has stuffed prisons to overflowing. 
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Being sick in France ; French social security ; retirement in France - 0 views

  • the system is very efficient : the administrative cost of the health system is around 4,5% (for US private insurance companies : 10 to 13%) and 1,2% for the retirement system (vs. around 10% for most pension funds). The health system reimburses very quickly (after four days).
  • 22 Euros
  • "three best symbols of the French nation" are the flag, the health and the Marseillaise
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  • each regional organization (Caisse) is managed by a board composed 50/50 of representatives of labor unions on one side, employers associations on the other side, with the State playing the role of a referee
  • it is not accurate to call it a "socialized
  • when a family is expecting a child, it gets approximately 2,000 Euros in three installments (the first two of them corresponding to a mandatory medical visit, the third to the birth) ; then the family receives a monthly allowance till the child is 20 (for two children or more, around 100 Euros/month/child) ;
  • minimal pension (in the range of 750 Euros/month) to any person who has worked 40 years
  • For the French, it is just unthinkable that, if you lose your job, you also lose your health plan
  • This is a typical example of what the French call their "social model" and one of the few where, in my opinion, the USA could learn something from the French experience. Read my opinion about it "Socialized medicine : give me a break".
  • all companies, whatever their size, must provide their staff with an annual visit to a doctor ; in big companies it is a in-house doctor, in small companies an external doctor who comes for the annual controls
  • (otherwise, you'll be reimbursed a little less)
  • SOS Medecin tel. 01 47 07 77 77 : very reasonably priced (around 70 Euros) and efficient, a doctor in your house in less than an hour
  • Basic tips for tourists you can see any doctor (they also make house calls for a small supplement) for a cost of around 22 Euros ($ 30) but you will not be reimbursed by Social Security if you are not part of the French Social Security system you can be treated by any French hospital in case of emergency (they will talk about money AFTER treating you...) you can buy certain drugs over the counter in a pharmacy but a lot of them require a doctor's prescription ; don't be surprised if you do not find US drug brand names, you are in another country ! If your French isn't good, there are two hospitals with English-speaking staff : the American Hospital, 63 blvd Victor Hugo 92202 Neuilly, Tel. 33-(0)1 46 41 25 25 ; Email : patient@ahp-paris.com the British Hospital, 3 rue Barbès 92300 Levallois Tel. 33-(0)1 46 39 22 22 Public or private ? For a serious case, it is often wiser to go to a public hospital, especially a CHU (Centre Hospitalo-Universitaire). In case of a (real) emergency call SAMU (this is a day and night emergency service tel. 15) or les pompiers (fire-brigade) who provide 24 hour-emergency service (tel. 18). Useful numbers for emergencies (other than 15) :
  • The World Health Organization (WHO) has ranked the health system of its 191 member countries and France tops the list for providing the best overall health care (UK ranks 18 and USA ranks 37) (source : International Herald Tribune June 21,2000).
  • Health coverage by Social Security ("Sécurité Sociale") is mandatory and paid both by the employee (1/4) and the employer (3/4).
  • In the USA the Emergency staff is a driver whose job is to take you as fast as possible to the hospital, whatever your condition, in a fast ambulance. In France, the SAMU team includes a MD whose job is to do as much as he can before taking you to the hospital in a more heavily-equipped ambulance. Both ways have their pros and cons, but dont be horrified if you see an ambulance NOT moving....
  • DID YOU KNOW THAT....? In France, the maternity leave is 16 weeks minimum (of course paid 100% of the salary!), plus one month minimum if the baby is breast-fed ; "paternity" leave is two weeks ; new mothers spend 3 to 6 days in the hospital.
  • To related pages : a column of the Health system (#2), an American article on the French health system (#3), etc....
  • French doctors are not very different from American doctors, except they make much less money (three or four times?) and are probably much more accessible, less protected by a dragon-secretary.
  • All expenses are paid by the company and of course the employee does not pay a cent. The 20-minute visit includes whatever check-up seems appropriate (heart, eyes, stress, depression...). The doctor cannot prescribe medecine but can prescribe a visit to the doctor is something new that is wrong or needs a more thorough check is detected.
  • You have to pay ONE Euro more (not reimbursable) for every visit to the doctor
  • The system is threefold : Health, Family and Retirement, each of them has different structures and financing ; each of them is financially autonomous (no taxpayer's money -
  • The system is threefold : Health, Family and Retirement, each of them has different structures and financing ; each of them is financially autonomous ( no taxpayer's money
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Bernanke Is Engaging In The Monetary Equivalent Of Nuclear War - 0 views

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    Since the Bretton Woods Agreement was signed in the wake of World War II, the global monetary system has been based on the US dollar. This means that when the Fed decides to create trillions of dollars of inflation, other countries can't simply say, "let them dig their own grave." Instead, because their international transactions are denominated in dollars, they feel a pressure to maintain relatively stable exchange rates between their currencies and the dollar. Most countries do this informally and have their own (bad) reasons for maintaining a certain level of inflation. China, however, is more literal in its devotion to the dollar system, perhaps due to its psychology as a new arrival on the world stage. So, in recent history, the People's Bank of China has largely maintained a "peg," by which it currently offers to pay 6.8 RMB for every dollar deposited, no matter how many extra dollars the Fed prints. To put it another way, China, and to a certain extent the entire world, is on a Dollar Standard -- like the Gold Standard, but based on another fiat currency instead of a precious metal. What this also means is that China does not intentionally devalue its currency against the dollar, but only to keep pace with the dollar. As the Fed seeks to blow up the global monetary system, I take comfort in the fact that gold cannot fight a currency war because it is not a currency. Gold is money. Currencies used to be backed by money until the global fiat system was introduced under President Nixon. Fiat currency can be printed at will until the economy collapses, as has happened many times in history. Money is impossible to devalue at the whim of politicians because it is naturally scarce. Even in the ruins of Europe after the Second World War, when there was no central authority and chaos reigned, an ounce of gold was worth what it always had been. Read more: http://www.businessinsider.com/bernanke-is-engaging-in-the-monetary-equivalent-of-nuclear-war-2010-11?utm_sourc
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How Did A Single Unconstitutional Agency Become The Most Powerful Organization In America? - 2 views

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    No other country had ever codified the structures and processes of their governing institutions to such an extent in one single document. Many people focus on the Bill of Rights when speaking about the Constitution, but the first four Articles are just as important. They synthesized political ideas that were developed over hundreds of years by some of the most insightful thinkers, such as separation of federal powers, checks and balances, vertical division of powers (federalism), an independent judiciary and, of course, representative democracy. The latter emphasizes the notion that any policies enacted by the federal government must be authorized by the people, through their elected representatives who are held accountable to constituents every few years. So what's the state of our Constitutional democracy today? Simple, it doesn't exist. International corruption surveys typically rank the U.S. higher (less corrupt) than most other countries, but this simply proves how bad these surveys are at capturing the essence of real, hardcore corruption. We could write stacks of books on the prevalence of money in politics and the swarms of lobbyists who descend on Washington every single week, and many people have, but it's simpler to just focus on the most egregious example of corruption. The most powerful, influential economic policy-making institution in the country, the Federal Reserve ("Fed"), is an unelected body that is completely unaccountable to the people. Well, let's back up and start with the fact that this institution's very existence is most likely unconstitutional. Here's why: Article I, Section 8 of the Constitution states that Congress has the power to "coin money" and "regulate the value thereof". The Supreme Court has long held that Congress can delegate its legislative powers to Executive agencies as long as it provides an "intelligible principle" to guide the agencies' acti
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Bechtel Corporation: Key U.S. Benefits - 0 views

  • one-on-one health coaching
  • earn wellness credits each pay period, which may be applied toward the cost of medical coverage or taken as additional taxable income.
  • other healthy activities may be available such as weight management programs and free flu shots.
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  • Coverage is available f
  • recognizes registered domestic partners for all applicable benefits. 
  • Confidential, short-term outpatient counseling services are offered at no cost
  • at no cost to employees. Basic life insurance Business travel accident insurance Company paid accident insurance
  • Both plans allow employees to contribute up to $5,000 each year to each plan
  • nine paid holidays a year in the United States
  • 20 days (160 hours) of paid time off per year, up to 80 days
  • for vacation, sick leave, personal time off, or religious observance.  
  • This option allows employees to “buy” an additional 40 hours of vacation. The employee’s salary is reduced by one week’s pay, with the reduction spread over the entire year.
  • Company matching and profit sharing contributions begin after one year of service. Immediate vesting entitles employees to the full value of company contributions.
  • Additional Benefits Additional benefits include Bechtel
  • University online training
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Bechtel Corporation: Key Australian Benefits - 0 views

  • company-paid accident insurance at no cost.
  • Under the Choice of Super Legislation, employees are eligible to nominate a super fund of their choice
  • provides at least the Superannuation Guarantee Charge, which is determined in accordance with federal government legislation
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  • The plan also includes insurances for death coverage and income protection coverage
  • Confidential counseling services are offered at no cost to help
  • Additional benefits include
  • cholarship availability for children of full-time employees
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Bechtel Corporation: Key UK Benefits - 0 views

  • employees can opt to include spouse/family members under the company scheme at a cost
  • Business travel accident insurance Company paid accident insurance
  • employee contributions, plus company contributions, into an employees
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  • pension account.
  • offering financial protection for the employee and the employee and their families, both during the employee’s career
  • and after retirement.
  • employees can change which funds the pension account is invested in. 
  • Long Term Disability insurance
  • at no cost. 
  • Employees will receive 50 percent of base salary from the scheme after six months absence from work. 
  • benefits including Bechtel University online training, mentoring and leadership programmes
  • professional membership reimbursement.
  • The Well programme is offered to all employees at no cos
  • nutrition advise and guidance
  • breast cancer awareness workshops
  • provides a health manager who is on site every Thursday and Friday
  • advises employees on health issues such as high blood pressure, BMI, high cholesterol, diabetes, weight management, and work life balance;
  • all employees receive at the beginning of employment with Bechtel.
  • Confidential telephone and face-to-face counselling services are offered to all employees at no cost
  • Bechtel recognises that everyone needs some assistance in dealing with the changes and challenges in their lives.
  • a season ticket loan scheme for London office permanent staff
  • Loans will be based on the actual cost of second class rail season tickets and/or London Zone Travel Cards between the employee’s home and London office by the most direct route that does not impose undue travel restrictions on the employee.
  • mployees to sacrifice a maximum of £220 per month; in return, the employee receives childcare vouchers and savings in tax and National Insurance contributions.
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Say goodbye to small farms - 0 views

  • Posted: Friday, November 19, 2010 12:00 am |
  • In effect, the federal government is gradually collectivizing the farms, although it is careful to use euphemisms for its activities such as "safety" and "modernization" to avoid getting us peasants in an uproar. Soon the only folks who will be able to comply with this regulatory quagmire will be the huge corporate farms; bye-bye small farmers and ranchers.
  • unny, I don't see their authority to enact this bill in the Constitution.
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  • Sen. Mike Enzi has cosponsored S510
  • riday, November 19, 2010 12:00 am
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Wall Street's Bailout Hustle : Matt Taibbi Rolling Stone - 0 views

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    If you were to read only one article explaining the Wall Street, Washington DC and financial crisis, this is the one! What an incredible story, but confirmed by everything i've been able to piece together. Very entertaining, well written, and sadly, true to my understanding of the facts. Read it and weep. Wall Street's Bailout Hustle Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash MATT TAIBBI
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Ben Bernanke Must be Stopped: A Call For Action (Sample Senate Letter Enclose... - 0 views

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    By Mark McHugh The pending reappointment of Ben Bernanke as chairman of the Federal Reserve is the non-story of the Century, and I find this terrifying.  Propaganda of his alleged "success" has been crammed in every orifice of the American people by the rich and shameless (yet relatively few believe it).   This is truly the time for action, unless you really enjoy Tea-partying 'til you puke.  I'm asking every American to demand that their Senators stand up and oppose the nomination.  Our future depends on it.   Contact your Senator Sign Bernie Sanders' Petition To Prevent Bernanke's Reappointment >>
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George W. Bush: Biggest Spender Since LBJ | Cato @ Liberty - 0 views

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    Good Charts comparing the spending of USA Presidents starting with Eisenhower. Spending in Bush's first year (FY2001) was $1.863 trillion, thus he presided over an 83-percent increase in overall federal spending, which includes defense, domestic, entitlements, and interest. Even without TARP and Fannie/Freddie, spending was up a huge 70 percent under Bush over eight years. By contrast, total spending under eight years of President Clinton increased just 32 percent. These are the overall increases in nominal dollars. Now let's look at the real annual averages. Figure 1 shows the average increase in total spending under recent presidents. Bush II was the biggest spender since LBJ. His spending increases were far larger than the three prior presidents.
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The Biggest Losers: Taxpayers Massacred by Fannie and Freddie - WSJ.com - 0 views

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    This article provides the facts and figures behind the Treasury's Christmas Eve taxpayer massacre ....  lifting the $400 billion cap on potential losses for Fannie Mae and Freddie Mac as well as the limits on what the failed companies can borrow. The Treasury is hoping no one notices, and no wonder. Taxpayers are continuing to buy senior preferred stock in the two firms to cover their growing losses-a combined $111 billion so far. When Treasury first bailed them out in September 2008, Congress put a $200 billion limit ($100 billion each) on federal assistance. Last year, the Treasury raised the potential commitment to $400 billion. Now the limit on taxpayer exposure is, well, who knows?
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Goldman Sachs: Don't Blame Us - BusinessWeek - 1 views

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    Goldman Sachs reputation with its clients-who must have at least $10 million to open an account-has never been better. Among the general public, however, the perception is that Goldman is the toxic epicenter of everything wrong with Wall Street. The firm's 32,000 employees are seen as an army of Gordon Gekkos, greedy manipulators who pumped up the housing bubble, then bet opportunistically on its implosion as American International Group (AIG), its trading partner, buckled under massive debts. It is widely alleged-though unproven-that Goldman called on its close friends in government to arrange for an AIG bailout, effectively pocketing billions of taxpayer dollars. "Every game has a sucker," says William K. Black, a professor of law and economics at the University of Missouri at Kansas City who was deputy director of the Federal Savings & Loan Insurance Corp., "and in this case, the sucker was not so much AIG as it was the U.S. government and taxpayer." Heads Goldman wins, tails you lose, America.
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Bernanke Scolds Congress/Keeps Bailouts Details Secret | Greg Hunter's USAWatchdog - 0 views

  • The Fed was sued by financial news network Bloomberg two years ago.  Bloomberg wants the Fed to reveal which banks received $2 trillion in bailout money and why.  Bloomberg won the case and the Fed appealed.  Bloomberg, also, won the appeal in March 2010!  The precedent setting case would force the Fed to reveal the details of secret bank bailouts–including $500 billion given to foreign financial firms!!    In a Bloomberg story earlier this week, lawyers representing the Federal Reserve (which is made up in part by big U.S. banks) said, “U.S. commercial banks will take their fight against disclosure of Federal Reserve (documents) in 2008 to the Supreme Court if necessary . . .”  Lawyers representing the Fed say they are worried that if details of trillions of dollars in bailouts are revealed, it could cause another financial meltdown.  General Council for the Fed, Paul Saltzman, says, “Our member banks are very concerned about real-time disclosure of information that could cause a run on the banks.”  This is another story, with dire implications, the mainstream media is ignoring.  (Click here for the complete Bloomberg story)
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    This article has two parts.  The first is Bernanke's waarnign to Congress that the Federal debt is out of control and they need to raise taxes AND cut spending.  The second part however is far more interesting.  Author Greg Hunter describes the Bloomberg Media court quest to force the Fed to reveal which banks received $2 trillion in bailout money and why.  Bernanke of course is fighting in the courts to keep this secret.   excerpts:  Earlier this week, Fed Chief Ben Bernanke told Congress to basically raise taxes and cut the federal budget.  The inference was, if Congress doesn't get its financial house in order, it will be their fault if the economy tanks.  Here is how Bernanke actually said it, ". . . Maintaining the confidence of the public and the financial markets requires policy makers more decisively to put the budget on a sustainable fiscal balance."   Bernanke also said the federal debt ". . .is already expected to be greater than 70%" of Gross Domestic Product, ". . . at the end of 2012."  And if that is not bad enough, Bernanke said that by 2020, ". . .federal debt would balloon to more than 100% of GDP," provided  taxes are not raised and budgets are not cut.  The Fed was sued by financial news network Bloomberg two years ago.  Bloomberg wants the Fed to reveal which banks received $2 trillion in bailout money and why.  Bloomberg won the case and the Fed appealed.  Bloomberg, also, won the appeal in March 2010!  The precedent setting case would force the Fed to reveal the details of secret bank bailouts-including $500 billion given to foreign financial firms!!    In a Bloomberg story earlier this week, lawyers representing the Federal Reserve (which is made up in part by big U.S. banks) said, "U.S. commercial banks will take their fight against disclosure of Federal Reserve (documents) in 2008 to the Supreme Court if necessary . . ."  Lawyers representing the Fed say they are worried that if details of tril
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American Thinker: Reality Check on the Record of Big, Bad Capitalism - 0 views

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    President Obama's core economic tenet is fairness; the unfairness of our economic system needs remedy in his view. Equality of outcome rather than equality of opportunity is the root principle. A forced redistribution of wealth will act as an equalizer for the past sins of capitalism.  The administration, the congressional majority, and an agreeable media are systematically dismantling free-market mechanisms and installing a centrally regulated command economy, all for the sake of fairness. Evidence over the last fifteen months is overwhelming:  government takeovers of major industries and individual companies; massive ramp-up of government regulations on industry; tax changes to force re-distribution of wealth; and lectures on behavior by our Grand Arbiter of Fairness, the president. The consequences for all 330 million Americans are enormous. But where is the clear, unemotional evidence of either how bad it's been under capitalism or how many more people will benefit under the new system? What is the alternative system? Where is it working today? All we have seen are a string of anecdotes and a parade of victims. Wall street bonuses are bad; out-of-work people are victim; millionaires don't deserve their wealth; change will make it better.
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10 Things You Don't Know (or were misinformed) About the GS Case | The Big Picture - 1 views

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    1. This is a Weak Case:  Actually, no - its a very strong case. Based upon what is in the SEC complaint, parts of the case are a slam dunk. The claim Paulson & Co. were long $200 million dollars when they were actually short is a material misrepresentation - that's Rule 10b-5, and its a no brainer. The rest is gravy. 2. Robert Khuzami is a bad ass, no-nonsense, thorough, award winning Prosecutor:  This guy is the real deal - he busted terrorist rings, broke up the mob, took down security frauds. He is now the director of SEC enforcement. He is fearless, and was awarded the Attorney General's Exceptional Service Award (1996), for "extraordinary courage and voluntary risk of life in performing an act resulting in direct benefits to the Department of Justice or the nation." When you prosecute mass murderers who use guns and bombs and threaten your life, and you kick their asses anyway, you ain't afraid of a group of billionaire bankers and their spreadsheets. He is the shit. My advice to anyone on Wall Street in his crosshairs: If you are indicted in a case by Khuzami, do yourself a big favor: Settle. 3. Goldman lost $90 million dollars, hence, they are innocent:  This is a civil, not a criminal case. Hence, any mens rea - guilty mind - does not matter. Did they or did they not violate the letter of the law? That is all that matters, regardless of what they were thinking - or their P&L. 4. ACA is a victim in this case: Not exactly, they were an active participant in ratings gaming. Look at the back and forth between Paulson's selection and ACAs management. 55 items in the synthetic CDO were added and removed. Why? What ACA was doing was gaming the ratings agencies for their investment grade, Triple AAA ratings approval. Their expertise (if you can call it that) was knowing exactly how much junk they could include in the CDO to raise yield, yet still get investment grade from Moody's or S&P. They are hardly an innocent party in this. 5
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Gold, Peace, and Prosperity: The Birth of a New Currency | Silver Monthly - The Silver ... - 0 views

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    Gold, Peace, and Prosperity is the title of Ron Paul's essay for a "modern" gold standard.  According to Paul, such a standard would end the relentless boom-bust cycle, and maintain the value of King Dollar.  However, King Dollar would have to be founded on a monetary standard that eschews government tampering. Paul begins his treatise by pointing out that "Congress alone is responsible for inflation, and Congress alone can stop it."  Which means that the old scapegoats - OPEC, greedy CEOs, labor unions - are not the real cause of inflation.  To support his contention, Paul relates a story told by Marco Polo in his travels through China.  As Paul states, "Abuse of paper money led to the expulsion of the Mongol dynasty from China." Bretton Woods - in 1944 - supposedly established a new gold exchange standard.  In Paul's opinion, Bretton Woods was "nothing more than an international Federal Reserve System."  And of course, it didn't do anything but cause more inflation.  Then on August 15, 1971, President Nixon "closed the 'gold window.'"  This was the beginning of "managed fiat currency." Paul states that since 1971, the price of gold has increased "more than twentyfold."  The trade deficit has increased by 1146%, and the Consumer Price Index has increased 79%.  Due to these imbalances, he concludes that the dollar is dead.    Rather than pronouncing the Last Rites over the dollar, followed by a mournful funeral and weeping and wailing, Paul views the death of the dollar as an opportunity.  "The time is ripe for the institution of a trustworthy monetary system."  And it's not all that difficult.  The way to stop inflation is to "stop inflating the money supply."  Paul then cites the three main reasons politicians, bankers, etc., desire inflation:  greed, power, and a way to pay the government's bills without raising taxes sky-high.  The answer - the only alternative - to inflation is
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For many, a nurse practitioner is The doctor - 0 views

  • During the past five years, the number of nurse practitioners in the United States has increased by nearly 40 percent, to 125,000, according to estimates by the American Academy of Nurse Practitioners. Arizona's rate of growth has been slower in recent years, but since 2000, the number has jumped by 46 percent, to 3,000 practitioners, which is faster than population growth. The trend is being driven in large part by a shortage of primary-care doctors or general-practice physicians, medical experts say. Although most nurse practitioners work in settings supervised by physicians, more are striking out on their own, opening and staffing their own clinics apart from doctors. That has generated some controversy in the medical community, as physicians worry about the risk of misdiagnosis if NPs don't work collaboratively with licensed physicians.
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The People vs. Goldman Sachs | Rolling Stone Politics - 0 views

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    Matt Taibbi continues to track the dusty trail of Banksters and criminal politicos.  What an amazing story! intro: They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it. Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top Goldman executives, including David Viniar and Thomas Montag, defrauded their clients. America has been waiting for a case to bring against Wall Street. Here it is, and the evidence has been gift-wrapped and left at the doorstep of federal prosecutors, evidence that doesn't leave much doubt: Goldman Sachs should stand trial.
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GAO Fed Investigation: The Federal Reserve Bankster Cartel Audit - 1 views

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    The first ever audit of the Fed Banksters found that $16.1 Trillion dollars had been created by the Fed and distributed to their international and Wall Street Bankster affilliates at very favorable terms and near zero interest rates.   Question: "Mr. Sutton, why do you rob Banks?  " Answer: "Because that's where the money they stole from us is kept." We are at war with the Banksters and their highly paid political toadies.  Time to respond.
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