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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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Corporations Rush to Raise Minimum Wages, But It’s Business As Usual

Corporations Rush to Raise Minimum Wages, But It’s Business As Usual | Coffee Party News | Scoop.it
In corporate America, profits control all.  But as consumers have begun voting with their dollars en masse, corporations are increasing wages to stay alive (but it's still about profits).Read more →
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‘Right to Try’ bill in Oklahoma moves forward

‘Right to Try’ bill in Oklahoma moves forward | Coffee Party News | Scoop.it
Legislation has been approved by the Oklahoma House committee which would allow terminally ill patients to have access to experimental medications which are not
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In Hollywood, MLK Delivered A Lesser-Known Speech That Resonates Today

In Hollywood, MLK Delivered A Lesser-Known Speech That Resonates Today | Coffee Party News | Scoop.it
Fifty years ago, Martin Luther King visited Los Angeles and spoke to a standing-room crowd at Temple Israel. The synagogue honors his legacy by replaying the speech once a year.» E-Mail This
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New Yorkers charged with conspiring to support Isis - video

New Yorkers charged with conspiring to support Isis - video | Coffee Party News | Scoop.it
Three men have been charged with conspiring to support Islamic State (Isis), including two who planned to travel to Syria to fight on behalf of the radical group, says New York police.
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Former Prime Minister Says Raise Standard of Living in Gaza

Former Prime Minister Says Raise Standard of Living in Gaza | Coffee Party News | Scoop.it
Could Tony Blair have just outlined a workable plan for Israeli-Palestinian peace?Read more →
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Chicago Newspaper Confirms its Position as CPD Propaganda Arm

Chicago Newspaper Confirms its Position as CPD Propaganda Arm | Coffee Party News | Scoop.it
An example of why The Fifth Column exists. Read more →
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No Due Process, No Lawyer, Secret Jail, Police Brutality, of Black and Brown People…….In Chicago | I Take LIBERTY With My Coffee

No Due Process, No Lawyer, Secret Jail, Police Brutality, of Black and Brown People…….In Chicago | I Take LIBERTY With My Coffee | Coffee Party News | Scoop.it
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FTC files lawsuit to block merger of Sysco and US Foods, America’s two biggest food distributors

FTC files lawsuit to block merger of Sysco and US Foods, America’s two biggest food distributors | Coffee Party News | Scoop.it
Baran Hines February 21, 2015 (WTF News) The two larges […]
The post FTC files lawsuit to block merger of Sysco and US Foods, America’s two biggest food distributors appeared first on The Anti-Media.
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Monica S Mcfeeters's curator insight, February 23, 10:35 AM

We need more actions like this!

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US Caught Hacking Billions of SIM Cards While Pushing for Cybersecurity Legislation

US Caught Hacking Billions of SIM Cards While Pushing for Cybersecurity Legislation | Coffee Party News | Scoop.it
For the American government, this seems to be a classic case of 'Do as I say, not as I do.'
The post US Caught Hacking Billions of SIM Cards While Pushing for Cybersecurity Legislation appeared first on The Anti-Media.
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Cop Fired After Video Proved He Handcuffed and Beat African American Military Police Officer

Cop Fired After Video Proved He Handcuffed and Beat African American Military Police Officer | Coffee Party News | Scoop.it
An Orlando police officer has been fired after cell phone footage emerged of him punching and kicking a handcuffed man.
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Ohio Schools Just Started Passing Out These Disturbing Police State ‘Guides’ For Students

Ohio Schools Just Started Passing Out These Disturbing Police State ‘Guides’ For Students | Coffee Party News | Scoop.it
“If you are stopped on the street, answer all questions pertaining to your identity…” that’s what Ohio schools are now telling students.
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Ferguson Protester Faces Three Years In Prison For Anonymous Mask

Ferguson Protester Faces Three Years In Prison For Anonymous Mask | Coffee Party News | Scoop.it
It all started as a routine traffic stop, but then a Ferguson, Missouri police officer saw that the activists who were “Cop Watching” them had an “Anonymous” mask… the iconic and unmistakably the symbol of the notorious “hacktivist” movement.
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War is the Birth of the State

War is the Birth of the State | Coffee Party News | Scoop.it
From the earliest states to the Islamic State
There has been some controversy over whether ISIS, or the Islamic State, is truly a state.
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On the Nature of the State, and Man

On the Nature of the State, and Man | Coffee Party News | Scoop.it
Alex Freeman ponders Justice and Honor, in an unjust and dishonorable world. Read more →
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The FCC's Net Neutrality Vote: Here's What You Need To Know

The FCC's Net Neutrality Vote: Here's What You Need To Know | Coffee Party News | Scoop.it
The FCC is set to vote on whether to reclassify the Internet as a utility. If it votes in the affirmative, the commission will not allow Internet service providers to throttle traffic.» E-Mail This
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Women as 'Way Pavers' in the Federal Judiciary

Women as 'Way Pavers' in the Federal Judiciary | Coffee Party News | Scoop.it
It took nearly 140 years after the federal court system was established in 1789 before the first woman sat on a federal bench. Today, about one-third of all active Article III judges are women.
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Over half of Republicans want to ignore Bill of Rights, make Christianity national religion

Over half of Republicans want to ignore Bill of Rights, make Christianity national religion | Coffee Party News | Scoop.it
America's Founding Fathers may have explicitly banned the formation of a national religion, but don’t tell that to Republican Christians. A poll found that over half of the religious right wants to establish Christianity as the country’s official creed.
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War Declared Against Chicago PD Over Secret Jail

War Declared Against Chicago PD Over Secret Jail | Coffee Party News | Scoop.it
Chicago has a secret torture site. Would you know if your city did?Read more →
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MLK Jr. – The Uncomfortable Truths History Books Won’t Touch

For many, the words “I have a dream” are the only thing they associate with Dr. Martin Luther King, Jr.
Dr.
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ToKTutor's curator insight, February 23, 5:38 AM

Title 4: More than 'I have a dream': How shared historical knowledge helps to give a broader perspective on MLK Jr's impact.

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Memphis Police Department Threatens To Demote Black Cops If They Keep Complaining About Racism

Memphis Police Department Threatens To Demote Black Cops If They Keep Complaining About Racism | Coffee Party News | Scoop.it
The Memphis, Tennessee Police Department is threatening to demote dozens of African American police officers simply because they are standing up to racism in the department.
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Department of Justice Lawsuit Against Ferguson Police For ‘Racially Discriminatory Practices’

Department of Justice Lawsuit Against Ferguson Police For ‘Racially Discriminatory Practices’ | Coffee Party News | Scoop.it
It’s happening: the U.S. Department of Justice is currently preparing to file suit against the Ferguson, Missouri, police department over “racially discriminatory practices.” Law enforcement sources tell us that unless the police department makes a...
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Malcolm X Knew The Answer To Police Brutality Was ‘Invisible Movements’

Malcolm X Knew The Answer To Police Brutality Was ‘Invisible Movements’ | Coffee Party News | Scoop.it
Fifty years ago to the day, Malcolm X was shot and killed. Some say that the gunmen were egged on by agents of the State as part of the FBI’s COINTELPRO tactics that created and exacerbated rifts among activists.
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Looming Presidential Race Divides National Governors Group

Looming Presidential Race Divides National Governors Group | Coffee Party News | Scoop.it
The National Governors Association is in Washington for its winter meeting, and there is no lack of talk about the 2016 White House. NPR's Scott Simon talks to Ron Elving about the week in politics.
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