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Inefficient Wall Street Wastes $280 Billion A Year

Inefficient Wall Street Wastes $280 Billion A Year | Coffee Party News | Scoop.it

Wall Street seems to have learned a neat trick: how to make more money while producing less.


Between 1980 and 2010, the U.S. financial industry nearly doubled in size, relative to the overall economy. Yet in terms of what the financial industry actually produces -- liquidity, assets, anything of measurable benefit to society -- the sector appears to be doing less these days than it used to.


That, at least, is the contention of Thomas Philippon, an associate professor of finance at the New York University Stern School of Business whose 2011 paper -- "Has the U.S. Finance Industry Become Less Efficient?" -- is circulating the blogs this week.

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Why the U.S. Has Fallen Behind in Internet Speed and Affordability

Why the U.S. Has Fallen Behind in Internet Speed and Affordability | Coffee Party News | Scoop.it
The lack of competition in the U.S. broadband industry could have long-term economic consequences for American competitiveness.
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Politics Done Right With Egberto Willies

Politics Done Right With Egberto Willies | Coffee Party News | Scoop.it
Politics Done Right With Egberto Willies is a political talk show on current events. While the show has a admittedly liberal bent, it seeks to engage citizens of all political ideologies to foment a healthy discourse.
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Genuine, Handcrafted, Man-Made Government

From the beginning, it was to be “Russia’s Vietnam.” First the administration of President Jimmy Carter, then that of President Ronald Reagan was determined to give the Soviet Union a taste of what the U.S.
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Credit Suisse global wealth report: Are you among the world's richest? - Telegraph

Credit Suisse global wealth report: Are you among the world's richest?  - Telegraph | Coffee Party News | Scoop.it
If you have $3,650, you’re among the wealthiest half of people in the world, according to Credit Suisse's new report on global wealth. In numbers and charts, we break down the need-to-know stats
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Oregon Right to Know

Oregon Right to Know | Coffee Party News | Scoop.it
Oregonians want labels on GMO foods! We have a right to know what's in our food so we can make our own decisions about what we eat and feed our families.
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Ben Swann Interviews Independent Candidate Who Is Poised For Congressional Upset

Ben Swann Interviews Independent Candidate Who Is Poised For Congressional Upset | Coffee Party News | Scoop.it
Mark Wichern is running for public office in Florida’s 1st congressional district. According to his campaign website, Mark started his small business with onl
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Lobbying Spending Database-Koch Industries, 2014 | OpenSecrets

Lobbying Spending Database-Koch Industries, 2014 | OpenSecrets | Coffee Party News | Scoop.it
Explore the billions of dollars special interest groups are spending on lobbying in Washington, D.C., -- and on what -- at OpenSecrets.org.
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Jon Stewart shreds ‘robber baron’ Koch brothers for buying ad time during his show

Jon Stewart shreds ‘robber baron’ Koch brothers for buying ad time during his show | Coffee Party News | Scoop.it
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Iraq War Now Being Fought By People Who Were Just Kids When It Started

Iraq War Now Being Fought By People Who Were Just Kids When It Started | Coffee Party News | Scoop.it
Last week, the Pentagon announced the death of the first American serviceman in the war against ISIS. Marine Lance Cpl.
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Lawsuit Spotlights US Charities That Fund Israel’s Secret Nuclear Weapons Program

The following is being released by the Institute for Research: Middle Eastern Policy: A federal lawsuit seeks immediate release of a closely held government report about how American branches of Israeli charitable and educational institutes fund...
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Watch Laura Poitras’s Iraq Documentary for Free Until Nov 24

The Sundance Now Doc Club is making My Country My Country, the Iraq documentary by Laura Poitras (of Edward Snowden fame, and director of the acclaimed new film, Citzenfour), available to watch for free online until November 24.
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Congress Should Refuse Donations From Dirty Fossil Fuel Energy Companies - US News

Congress Should Refuse Donations From Dirty Fossil Fuel Energy Companies - US News | Coffee Party News | Scoop.it
Members of Congress should refuse campaign donations from fossil fuel industries.
Marianne Castiglia's insight:

"Despite the fact that the American people mobilized in historic numbers last month to demand climate solutions, with the march in New York City drawing up to 400,000 people, Washington remains reluctant to listen. And while this public outpouring was further bolstered by an announcement from the Rockefeller Brothers Fund – which was built on an oil fortune – that the foundation will divest from fossil fuels and invest in a sustainable and clean energy economy, the U.S. Congress remains recalcitrant to do the same."

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Black Open Carry Protesters Are Marching Against Police Brutality, and the Media Is Silent

Black Open Carry Protesters Are Marching Against Police Brutality, and the Media Is Silent | Coffee Party News | Scoop.it
Like the defunct organization which called for reform of community policing, demanding that police come from the neighborhoods they serve, the Huey P. Newton Gun Club says they are marching “to promote self-defense and community policing” in response to the recent high profile stories about police shooting unarmed African Americans across the country.
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The First Republican Primary Debate for 2016 Is Already Scheduled

The First Republican Primary Debate for 2016 Is Already Scheduled | Coffee Party News | Scoop.it
There will be a Republican presidential primary debate in less than 11 months.The Ronald Reagan Presidential Foundation announced that it intends to invite the yet-to-be-declared candidates to a debate on September 16, 2015.
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Fear in Canada, Ebola in New York and Midterm Madness — Left, Right & Center — KCRW

Fear in Canada, Ebola in New York and Midterm Madness — Left, Right & Center — KCRW | Coffee Party News | Scoop.it
Shooting in Ottawa, another Ebola case, closing in on the election, seeds of the next housing crisis.
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The Undead 0 Billion Medicare Claim

The Undead 0 Billion Medicare Claim | Coffee Party News | Scoop.it
Years after its death, a zombie lie abides in Karl Rove-funded ads in North Carolina. Happy Halloween.
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Oregon Right to Know

Oregon Right to Know | Coffee Party News | Scoop.it
Oregonians want labels on GMO foods! We have a right to know what's in our food so we can make our own decisions about what we eat and feed our families.
Marianne Castiglia's insight:

We all need to push our own states to do this! 

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Thanks to Karl Rove and Citizens United, your judge may be for sale

Thanks to Karl Rove and Citizens United, your judge may be for sale | Coffee Party News | Scoop.it
Inside America's increasingly tainted judicial elections
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The Enormous, Secretive Effort To Purge Thousands Of Minorities From 27 States’ Voter Rolls

The Enormous, Secretive Effort To Purge Thousands Of Minorities From 27 States’ Voter Rolls | Coffee Party News | Scoop.it
A voter purge is attempting to make the electorate a lot whiter. There must be another Election Day coming up.
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Jon Stewart shreds ‘robber baron’ Koch brothers for buying ad time during his show

Jon Stewart shreds ‘robber baron’ Koch brothers for buying ad time during his show | Coffee Party News | Scoop.it
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Houston, TX ABC13 (KTRK) Misreported early voting end date, subtle voter suppression (VIDEO)

Houston, TX ABC13 (KTRK) Misreported early voting end date, subtle voter suppression (VIDEO) | Coffee Party News | Scoop.it
Major Houston Texas TV Station ABC13 (KTRH) misreported early voting end date. Seems like subtle voter suppression.
Marianne Castiglia's insight:

#LetTexasVote @TheDailyShow

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Ed Snowden Taught Me To Smuggle Secrets Past Incredible Danger. Now I Teach You.

Ed Snowden Taught Me To Smuggle Secrets Past Incredible Danger. Now I Teach You. | Coffee Party News | Scoop.it
Late on the evening of January 11, 2013, someone sent me an interesting email. It was encrypted, and sent from the sort of anonymous email service that smart people use when they want to hide their identity.
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Marcy Wheeler: Are FBI and NCTC Trying to Pressure Prosecutors to Charge the Second Intercept Source?

Citing “law enforcement and intelligence sources who have been briefed on the case,” Michael Isikoff reports that the government has identified “the second leaker” – a source of information on drone targeting and terrorist watchlisting for The...
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The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans

The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans | Coffee Party News | Scoop.it
The bottom 90 percent used to take home a majority of the income gains from a growing economy. Not anymore.
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