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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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Obama Urges Congress To Renew Push For “CISPA-style” Internet Laws After Sony Hack

Obama Urges Congress To Renew Push For “CISPA-style” Internet Laws After Sony Hack | Coffee Party News | Scoop.it
And it all comes full circle.
The post Obama Urges Congress To Renew Push For “CISPA-style” Internet Laws After Sony Hack appeared first on The Anti-Media.
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In ‘Deadliest Time Ever’ For Journalists, Local Reporters Face Greatest Danger: Report

In ‘Deadliest Time Ever’ For Journalists, Local Reporters Face Greatest Danger: Report | Coffee Party News | Scoop.it
Molhem Baraket, a freelance photographer, was killed in Aleppo in December 2013. Aung Kyaw Naing, a freelance reporter, was killed in Burma’s southeastern Mon state in October 2014.
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My horrible right-wing past: Confessions of a one-time religious right icon

My horrible right-wing past: Confessions of a one-time religious right icon | Coffee Party News | Scoop.it
I was a religious fanatic appealing to political leaders. Today, the fanatics are the political leaders
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SPLC Bullies Music Distributors Into Banning “Hate Music”

SPLC Bullies Music Distributors Into Banning “Hate Music” | Coffee Party News | Scoop.it
SPLC working on stomping the First Amendment yet again...
The post SPLC Bullies Music Distributors Into Banning “Hate Music” appeared first on The Anti-Media.
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Obama To Pick Sally Yates To Be Deputy Attorney General, AP Reports

Obama To Pick Sally Yates To Be Deputy Attorney General, AP Reports | Coffee Party News | Scoop.it
President Obama is preparing to nominate the top federal prosecutor in Atlanta to the No. 2 position at the Justice Department, according to The Associated Press.
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"I Take LIBERTY With My Coffee" "Artist Against Apathy" Founder Stands Up

"I Take LIBERTY With My Coffee"  "Artist Against Apathy" Founder Stands Up | Coffee Party News | Scoop.it
As discussed in a feature article in SOMA depending who you speak with, she may be the front woman in a heavy rock band, a writer for several magazines and blogs or organizer of political rallies. Yet, one thing Eleanor Goldfield is not is apathetic.
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Sony Hack: Clooney Says Movie is about Snowden, Not Journalism

Sony Hack: Clooney Says Movie is about Snowden, Not Journalism | Coffee Party News | Scoop.it
As curious journalists, tabloid writers, and Hollywood watchers pore over the massive trove of hacked Sony data, the public is being given a rare glimpse into the complicated world of Hollywood and politics.
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N.C. abortion restriction violates free speech, judges rule

N.C. abortion restriction violates free speech, judges rule | Coffee Party News | Scoop.it
A Richmond appeals court panel on Monday rejected a North Carolina law requiring that women seeking abortions first undergo ultrasounds, with the fetal image displayed and described to them in detail by a doctor.Read full article >>...
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Charges Dismissed For Father Arrested At School Board Meeting

Charges Dismissed For Father Arrested At School Board Meeting | Coffee Party News | Scoop.it
Gilford, NH- A judge dismissed all charges against William Baer, the father who was arrested at a May school board meeting after railing against the
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After Killing of Two Officers, NYPD Union Declares Itself a “Wartime” Police Department

After Killing of Two Officers, NYPD Union Declares Itself a “Wartime” Police Department | Coffee Party News | Scoop.it
Following the shooting that killed two New York police officers, the NYPD’s union has issued a statement announcing that in response, it
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Federal Lawsuit On Marijuana Constitutionality Could Be A Gamechanger

Federal Lawsuit On Marijuana Constitutionality Could Be A Gamechanger | Coffee Party News | Scoop.it
On Thursday, the states of Nebraska and Oklahoma filed a federal lawsuit in the U.S. Supreme Court against the state of Colorado.

Via Skip Boykin
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NYT, Vice, Mother Jones top FOIA suits

More freedom of information lawsuits were brought against the federal government in 2014 than in any year since at least 2001.
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Hats, Shirts, Milk — The Hempest Has It All, And It’s All Made Of Hemp

Hats, Shirts, Milk — The Hempest Has It All, And It’s All Made Of Hemp | Coffee Party News | Scoop.it
The Hempest van, which runs on vegetable oil, diesel, biodiesel or hemp oil.
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Tell President Obama: Keystone XL fails the climate test. Say #NoKXL now! | Oil Change International

Tell President Obama: Keystone XL fails the climate test. Say #NoKXL now! | Oil Change International | Coffee Party News | Scoop.it
Enough is enough. No more debate. No more oil industry-funded lies. Now is the time for leadership.
The science shows Keystone XL would be a climate disaster, and would easily fail the President's own climate test. 

President Obama has all the support he needs -- from science, and from the people -- to reject the Keystone XL pipeline.

Send a message to President Obama to stop Keystone XL now! 
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Pentagon Pleased That ‘Only’ 6,000 Military Employees Were Sexually Assaulted Last Year

Pentagon Pleased That ‘Only’ 6,000 Military Employees Were Sexually Assaulted Last Year | Coffee Party News | Scoop.it
The government will pat itself on the back for anything, even sexual assaults.
The post Pentagon Pleased That ‘Only’ 6,000 Military Employees Were Sexually Assaulted Last Year appeared first on The Anti-Media.
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HEMP: Something All Homes Should Be Made Of – Scotland Community Begins Sustainable Housing Project

HEMP: Something All Homes Should Be Made Of – Scotland Community Begins Sustainable Housing Project | Coffee Party News | Scoop.it
Many people are becoming aware of ways to live that are more harmonious with the planet.  It seems that we are transitioning to a very ancient understanding of how to operate here on Earth, with a very advanced ‘know how’ of technologies and...

Via Marianne PokeBunny Lenaerts
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Who is to Blame for the NYPD Shooting? Start With Me.

If you’re looking for someone to blame, start with me and those like me.
The post Who is to Blame for the NYPD Shooting? Start With Me. appeared first on The Anti-Media.
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10 Year-Old Boy Has Spent 2 Months in Adult Jail, Facing Minimum 25 Years

10 Year-Old Boy Has Spent 2 Months in Adult Jail, Facing Minimum 25 Years | Coffee Party News | Scoop.it
Do you think a 10 year-old should be in jail with adults?
The post 10 Year-Old Boy Has Spent 2 Months in Adult Jail, Facing Minimum 25 Years appeared first on The Anti-Media.
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Milbank: Larry Klayman’s legal massacre

Milbank: Larry Klayman’s legal massacre | Coffee Party News | Scoop.it
Larry Klayman is losing again.The conservative gadfly, who has been suing presidents for years with little success, was back in court Monday morning, this time representing Joe Arpaio, the Arizona sheriff famous for his immigration crackdowns, who...
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Don't Stop the Protests Against Police Brutality — Black Lives Still Matter - The Intercept

Don't Stop the Protests Against Police Brutality — Black Lives Still Matter - The Intercept | Coffee Party News | Scoop.it
No group should be asked to forgo Constitutional rights.
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The Importance of Treating NYPD Officers as Individuals

The Importance of Treating NYPD Officers as Individuals | Coffee Party News | Scoop.it
At 28-years-old, Ismaaiyl Brinsley had been arrested 19 times and served 2 years in prison.
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Should Ferguson Prosecutor Be Charged With “Aiding in Perjury”?

Should Ferguson Prosecutor Be Charged With “Aiding in Perjury”? | Coffee Party News | Scoop.it
Washington D.C.- No charges will be filed against any witness who lied to the Ferguson grand jury. Those words from the St.
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Why 20,000 immigrants will seek driver's licenses in Arizona (+video)

Why 20,000 immigrants will seek driver's licenses in Arizona (+video) | Coffee Party News | Scoop.it
 A U.S. District Judge ruled that the state cannot enforce Gov. Jan Brewer's policy of denying the licenses to about 20,000 immigrants. 
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Off duty, black cops in New York feel threat from fellow police

Off duty, black cops in New York feel threat from fellow police | Coffee Party News | Scoop.it

NEW YORK (Reuters) - From the dingy donut shops of Manhattan to the cloistered police watering holes in Brooklyn, a number of black NYPD officers say they have experienced the same racial profiling that that cost Eric Garner his life.

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