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Nine Economic Facts That Will Make Your Head Spin

Nine Economic Facts That Will Make Your Head Spin | Coffee Party News | Scoop.it

by Lynn ParramoreAlterNet


Half the population of the US has slipped into poverty or is barely making enough to get by.

How much will you need for medical expenses in retirement? What does it cost to keep 2.5 million Americans behind bars? Here are a few facts and figures that might surprise you.

1. Recovery for the rich, recession for the rest.
Economic recovery is in rather limited supply, it seems. Research by economist Emmanuel Saez shows that the top 1 percent has enjoyed income growth of over 11 percent since the official end of the recession. The other 99 percent hasn’t fared so well, seeing a 0.4 percent decline in income.

The top 10 percent of earners hauled in 46.5 percent of all income in 2011, the highest proportion since 1917 – and that doesn’t even include money earned from investments. The wealthy have benefitted from favorable tax status and the rise in stock prices, while the rest have been hit with a continuing unemployment crisis that has kept wages down. Saez believes this trend will continue in 2013.
 

2. Half of us are poor or barely scraping by.

The latest Census Bureau data shows that one in two Americans currently falls into either the “low income” category or is living in poverty. Low-income is defined as those earning between 100 and 199 percent of the poverty level. Adjusted for inflation, the earnings for the bottom 20 percent of families have dropped from $16,788 in 1979 to just under $15,000. Earnings for the next 20 percent have been stuck at $37,000.

States in the South and West had the highest proportion of low-income families, including Arizona, New Mexico and South Carolina, where politicians are eagerly shredding the social safety net. [MORE]


Monica S Mcfeeters's insight:

Here is an outline with a discussion of what the austerity and inequity in our economy are doing to us. A very simple and to the point list that all conscienious citizens should give serious thought to.

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Central American leaders on solving child migrant crisis: We can't do it alone

Central American leaders on solving child migrant crisis: We can't do it alone | Coffee Party News | Scoop.it
The presidents of El Salvador, Guatemala, and Honduras meet with President Obama and Vice President Biden on Friday, and two of them discussed the child migrant crisis ahead of time on Thursday.
Coffee Party USA's insight:

Indeed, Honduras has the highest murder rate in the world. It stems, he said, from the “successful” US efforts to help Mexico and Colombia fight the drug lords – who were then pushed to Central America. Today’s child migrants, he said, are coming from the most violent municipalities in Honduras.

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Elderly veteran arrested for asking gov't officials to speak louder

Elderly veteran arrested for asking gov't officials to speak louder | Coffee Party News | Scoop.it
A 76-year-old military veteran was arrested for disorderly conduct at a public county board meeting for asking officials to speak up when they refused to use the microphones. The hearing was over a controversial new plant in the area.
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Snowden Says Drop Dropbox, Use SpiderOak - Digits - WSJ

Snowden Says Drop Dropbox, Use SpiderOak - Digits - WSJ | Coffee Party News | Scoop.it
Edward Snowden singled out cloud-storage provider Dropbox for lacking security measures he says would protect users from government snooping. He then plugged smaller competitor SpiderOak, which he says does.
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Behold, the drunk uncle-ization of America

Behold, the drunk uncle-ization of America | Coffee Party News | Scoop.it

A country made up mostly of good, intelligent, kindhearted people is letting a small but noisy part of the populace paint an entirely different face for the world to see, a face that sneers at reason and science, and eschews kindness for righteous indignation. With the voracious 24-hour news cycle and the reach of social media, these people are making us the embarrassing relative that causes the other nations at the dinner table to shake their heads.

 

Perhaps it's time we found a way to sober up.

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The Best Supreme Court Money Can Buy | Nomadic Politics

The Best Supreme Court Money Can Buy | Nomadic Politics | Coffee Party News | Scoop.it
The disgrace of the Supreme Court's infatuation with corporations will, unfortunately, leave a stain on American justice long after the conservative Justices have retired.
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Elizabeth Warren, Hypocrite, Supports Ex-Im Bank - Hit & Run : Reason.com

Elizabeth Warren, Hypocrite, Supports Ex-Im Bank - Hit & Run : Reason.com | Coffee Party News | Scoop.it
The woman best known for demonizing big businesses nevertheless wants to maintain an outlandishly generous subsidy package for them.
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Treasury Secretary Calls For Corporate Tax Code Overhaul

Treasury Secretary Calls For Corporate Tax Code Overhaul | Coffee Party News | Scoop.it
Treasury Secretary Jack Lew is asking U.S. companies to show their patriotism by resisting the temptation to reduce their tax bill by moving abroad. He was interviewed by CNBC on Wednesday.
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Bank settles in Calif. fraud case

Bank settles in Calif. fraud case | Coffee Party News | Scoop.it
High-profile politicians say the bank should have known that a campaign treasurer was embezzling.
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Horror on Gaza Beach: New York Times Photographer Witnesses Israeli Killing of 4 Palestinian Boys

Horror on Gaza Beach: New York Times Photographer Witnesses Israeli Killing of 4 Palestinian Boys | Coffee Party News | Scoop.it
Israel says it is considering a new ceasefire proposal from Egypt that would take effect on Friday.
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Detroiters Blockade Water Shutoff Trucks - YouTube

Press Contact: Monica Lewis Patrick (313)-530-0054 To learn more go to: http://detroitwaterbrigade.org A group of ordinary Detroit residents acted early Thur...
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While Campaigning For Other Democrats, Sen. Warren Gains Fans

While Campaigning For Other Democrats, Sen. Warren Gains Fans | Coffee Party News | Scoop.it
Senator Elizabeth Warren has had a busy mid-term election season campaigning for Democratic Senate hopefuls — especially women — across the country. Warren has ruled out a presidential run in 2016.
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NBC correspondent returns to Gaza

NBC correspondent returns to Gaza | Coffee Party News | Scoop.it
NBC News is sending a high-profile correspondent back into Gaza after unexpectedly removing him.
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Can Rand Bring Blacks Back to the GOP?

Can Rand Bring Blacks Back to the GOP? | Coffee Party News | Scoop.it
Fifty years after Goldwater, the Kentucky Senator is trying to repair the GOP's image with African-American voters.
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Government agents 'directly involved' in most high-profile US terror plots

Government agents 'directly involved' in most high-profile US terror plots | Coffee Party News | Scoop.it
Human Rights Watch documents 'sting' operations in report that raises key questions about post-9/11 civil rights
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Tale of Two Cities: NYC approves ‘poor door’ for luxury high-rise

Tale of Two Cities: NYC approves ‘poor door’ for luxury high-rise | Coffee Party News | Scoop.it
New York City is moving forward with a proposal that calls for a new high-rise apartment complex to feature separate doors for wealthy tenants and those living in the building’s affordable housing unit.
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Snowden Says Drop Dropbox, Use SpiderOak - Digits - WSJ

Snowden Says Drop Dropbox, Use SpiderOak - Digits - WSJ | Coffee Party News | Scoop.it
Edward Snowden singled out cloud-storage provider Dropbox for lacking security measures he says would protect users from government snooping. He then plugged smaller competitor SpiderOak, which he says does.
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New Snowden Leak: Only 10% of 160,000 Intercepted Messages from Actual Targets | VPN Creative

New Snowden Leak: Only 10% of 160,000 Intercepted Messages from Actual Targets | VPN Creative | Coffee Party News | Scoop.it
Last night, a new set of Snowden documents hit the wires which report that of the 160,000 messages intercepted by the NSA between 2009 and 2012, a mere...
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Miami will be swallowed as sea levels rise, but the climate change deniers who run it look the other way

Miami will be swallowed as sea levels rise, but the climate change deniers who run it look the other way | Coffee Party News | Scoop.it

Let's see if the Coffee Party has the courage to share this fact:

Climate change is one of those issues that's too important to sugar coat. If you're a climate science denier and you're voting for people like Rubio, you're part of the problem. Simple as that.

- Greg Russak

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Americans Are Too Stupid For GMO Labeling, Congressional Panel Says

Americans Are Too Stupid For GMO Labeling, Congressional Panel Says | Coffee Party News | Scoop.it
WASHINGTON -- It's pretty rare that members of Congress and all the witnesses they've called will declare out loud that Americans are just too ignorant to be given a piece of information, but that was a key conclusion of a session of the House Agricu...
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Israel ground forces invade Gaza

Israel ground forces invade Gaza | Coffee Party News | Scoop.it
A Gaza official says all borders "are under fire."
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U.S. Turns Back on Child Migrants After Its Policies in Guatemala, Honduras Sowed Seeds of Crisis

U.S. Turns Back on Child Migrants After Its Policies in Guatemala, Honduras Sowed Seeds of Crisis | Coffee Party News | Scoop.it
As tens of thousands of children cross the U.S. border fleeing violence in their native Central American home countries, we look at the historical roots of the crisis.
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Palestinians reject Israel's offer for emergency blood supply to Gaza - Diplomacy and DefenseIsrael News - Haaretz Israeli News source

Palestinians reject Israel's offer for emergency blood supply to Gaza - Diplomacy and DefenseIsrael News - Haaretz Israeli News source | Coffee Party News | Scoop.it
An offer by Magen David Adom to organize blood donation drives among Jews or Palestinians was also rejected. (Israel’s Magen David Adom offers blood donations for Gaza. Palestinian Authority declines.
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Outside groups pumped $2.6 million into North Carolina's primaries

Outside groups pumped $2.6 million into North Carolina's primaries | Coffee Party News | Scoop.it
A new Facing South/Institute for Southern Studies analysis finds that super PACs and other outside groups spent more than $2.6 million targeting state races in North Carolina's 2014 primaries, with al (Outside groups pumped $2.6 M into NC primaries,...
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Senate Re-Authorizes Government's Role In Terrorism Insurance

Senate Re-Authorizes Government's Role In Terrorism Insurance | Coffee Party News | Scoop.it
The Senate has voted to reauthorize terrorism risk insurance, to help businesses stay solvent in the event of attacks. The bill faces a tougher road in the House, where some Republicans want to reduce the potential price tag for taxpayers.
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The Missile That Likely Shot Down MH17

The Missile That Likely Shot Down MH17 | Coffee Party News | Scoop.it
The missile system most likely used to shoot down Malaysia Airline MH17 is common, lethal, and crewed by men with little training. They also just made life very difficult for their allies in Moscow.
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