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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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Jeremy Scahill: What ISIS Campaign Will Look Like on the Ground

Jeremy Scahill talked with MSNBC’s Ari Melber on Thursday to discuss Obama’s plan to escalate the U.S.
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Why Democrats Can’t Win the House

Why Democrats Can’t Win the House | Coffee Party News | Scoop.it
Thanks to demographics, the Republicans have a virtual stranglehold on the House of Representatives.

 

Nate Cohn, 9/6/2014

WASHINGTON — Republicans and Democrats are struggling for control of the Senate in this November’s midterm elections. But there is no real fight for control of the House of Representatives.

The Republicans are all but assured of retaining control of the House, despite last fall’s unpopular government shutdown and the party’s dismal ratings.

 

“The Republican hold on the House is the graveyard of the hopes of Democratic policy change,” says Neera Tanden, president of the liberal-leaning Center for American Progress. It has stifled not just President Obama’s agenda, but also the aspirations of his coalition of young, secular and nonwhite voters, who have represented a majority in presidential elections.

 

How is it possible that the Democrats, who have won the popular vote in five of the last six presidential elections, are at such a disadvantage in the House, theoretically the most representative body of government? It is the biggest paradox in American electoral politics.

 

Read more at http://www.nytimes.com/2014/09/07/upshot/why-democrats-cant-win.html

 

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Make ISPs into "common carriers," says former FCC commissioner

Make ISPs into "common carriers," says former FCC commissioner | Coffee Party News | Scoop.it
Not every former FCC member is a telco industry lobbyist.
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White House Tries To Ease Hispanic Caucus Frustrations

White House Tries To Ease Hispanic Caucus Frustrations | Coffee Party News | Scoop.it
Many were disappointed when President Obama announced he would delay immigration reform until after mid-term elections. NPR's Wade Goodwyn talks to White House domestic policy chief Cecilia Munoz.
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Politics Done Right - Common sense please, ISIS / ISIL is more hype than threat

Politics Done Right - Common sense please, ISIS / ISIL is more hype than threat | Coffee Party News | Scoop.it
This week’??s show
Common sense please, ISIS / ISIL is more hype than threat
September 13th, 2014
Today  we discuss our new war, the ISIS / ISIL war.
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Obama’s ISIL Speech: Five Truths, Four Lies, and a Potential War Crime

5 Truths
Truth #1: "We have not yet detected specific plotting against our homeland." This is an extremely important admission to understand.
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Missouri expands firearm legislature to schools

Missouri expands firearm legislature to schools | Coffee Party News | Scoop.it
A new law passed in Missouri will allow specially trained school employees to bring firearms onto school campuses, and these employees will
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Jay Carney Joins CNN…Is Anyone Surprised?

Jay Carney Joins CNN…Is Anyone Surprised? | Coffee Party News | Scoop.it
New York- Former White House Press Secretary Jay Carney has joined CNN as a political contributor. Any surprise here? Not really. Carney,
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Secret Surveillance Battle Between Yahoo and the U.S. Government Revealed

Secret Surveillance Battle Between Yahoo and the U.S. Government Revealed | Coffee Party News | Scoop.it
Update: The office of the Director of National Intelligence has released many of the declassified documents from the Yahoo litigation.  More than 1,000 pages documenting a secret court battle between Yahoo and the government over warrantless...
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Why More Americans Should See the Beheading Videos

Why More Americans Should See the Beheading Videos | Coffee Party News | Scoop.it
Beheading is barbaric. The men of the Islamic State who executed James Foley and Steve Sotloff are monsters.
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Court orders Arizona to recognize one same-sex marriage

Court orders Arizona to recognize one same-sex marriage | Coffee Party News | Scoop.it
A federal judge has ordered Arizona to recognize one same-sex marriage, determining Friday that the state must formally acknowledge that Fred McQuire and George Martinez were married.
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Sleepwalking Toward Armageddon : Sam Harris

Sleepwalking Toward Armageddon : Sam Harris | Coffee Party News | Scoop.it
Sam Harris, neuroscientist and author of the New York Times bestsellers, The End of Faith, Letter to a Christian Nation, and The Moral Landscape.

 

"....it is this misguided respect for revelation that explains why, in response to the starkest conceivable expression of religious fanaticism, President Obama has responded with euphemisms—and missiles. This may be the best we can hope for, given the state of our discourse about religion. Perhaps one day we will do “everything that we can to protect our people and the timeless values that we stand for.” But today, we won’t even honestly describe the motivations of our enemies. And in the act of lying to ourselves, we continue to pay lip service to the very delusions that empower them. - Sam Harris


http://www.samharris.org/blog/item/sleepwalking-toward-armageddon


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NSA Threatened Yahoo With Daily $250K Fines for Not Forking Over Metadata

NSA Threatened Yahoo With Daily $250K Fines for Not Forking Over Metadata | Coffee Party News | Scoop.it
Yahoo headquarters in Sunnyvale, CA. (AP PHOTO/PAUL SAKUMA, FILE) Today, court documents were released by Yahoo (via a Tumblr post, of course) showing exactly how far the federal government is willing to go to obtain digital information about its...
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Why is American internet so slow?

Why is American internet so slow? | Coffee Party News | Scoop.it

The country that literally invented the internet is now behind Estonia in terms of download speeds

 

By John Aziz | March 5, 2014

According to a recent study by Ookla Speedtest, the U.S. ranks a shocking 31st in the world in terms of average download speeds. The leaders in the world are Hong Kong at 72.49 Mbps and Singapore on 58.84 Mbps. And America? Averaging speeds of 20.77 Mbps, it falls behind countries like Estonia, Hungary, Slovakia, and Uruguay.


Its upload speeds are even worse. Globally, the U.S. ranks 42nd with an average upload speed of 6.31 Mbps, behind Lesotho, Belarus, Slovenia, and other countries you only hear mentioned onJeopardy.

So how did America fall behind? How did the country that literally invented the internet — and the home to world-leading tech companies such as Apple, Microsoft, Netflix, Facebook, Google, and Cisco — fall behind so many others in download speeds?


Susan Crawford argues that "huge telecommunication companies" such as Comcast, Time Warner, Verizon, and AT&T have "divided up markets and put themselves in a position where they're subject to no competition."


Read more at http://theweek.com/article/index/257404/why-is-american-internet-so-slow


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Dark Money Hits $50 Million, Most Still to Come

Dark Money Hits $50 Million, Most Still to Come | Coffee Party News | Scoop.it
Congressman Tom Cotton (R-Ark) is a dangerous man and a hypocrite. Cotton -- who is running to unseat Senator Mark Pryor -- wants to end Medicare as we know it while also treating himself and his friends in Congress to taxpayer-funded health care for life.

 

At least, that’s what a liberal group called Patriot Majority USA wants you to believe, especially if you plan on voting in the Arkansas Senate race in November.

 

Neither of the claims is true, and weren’t in 2012 when Patriot Majority first trotted them out. Yet, while the group is generous with questionable facts, mum’s the word when it comes to who, or what, is the source of the $7 million it has spent on political ads so far this cycle. As a 501(c)(4) social welfare organization that isn’t supposed to have politics as its primary purpose, it isn’t required to disclose its donors.

 

Political spending by these groups is reaching new heights: This week, it crested $50 million, a record for this point in an election cycle, and more than seven times beyond the outlays by such groups at this time in the last midterms. And that’s just the amount that has been reported to the Federal Election Commission, which doesn’t include tens of millions more spent on “issue ads” that aired earlier in the cycle and didn’t have to be reported to the agency. It’s another reminder that the current cycle is shaping up to be the darkest election in a long time.

 

Read more at http://www.opensecrets.org/news/2014/08/dark-money-hits-50-million-most-still-to-come/

 

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Why I'm Glad the Money in Politics Amendment Failed

Why I'm Glad the Money in Politics Amendment Failed | Coffee Party News | Scoop.it
'If money is free speech, then speech isn't free. And if corporations are people, then every corporate shareholder is violating a constitutional clause that states that no person may own another person as property.' Carl Gibson, RSN
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Israeli, Palestinian Parents Share Their Painful Stories Of Loss

Israeli, Palestinian Parents Share Their Painful Stories Of Loss | Coffee Party News | Scoop.it
The Parents Circle is a group of Israeli and Palestinian mothers and fathers who have lost children in the conflict. Two of them visited NPR and said this summer's war has only made conditions worse.
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Last Week Tonight with John Oliver: Net Neutrality (HBO) - YouTube

Cable companies are trying to create an unequal playing field for internet speeds, but they're doing it so boringly that most news outlets aren't covering it...

 

From https://www.battleforthenet.com/

Cable companies are famous for high prices and poor service. Several rank as the most hated companies in America. Now, they're attacking the Internet–their one competitor and our only refuge–with plans to charge websites arbitrary fees and slow (to a crawl) any sites that won't pay up. If they win, the Internet dies.

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Exclusive Interview: Alaska Constitution Party Candidate To Appear on Governor Ballot

Exclusive Interview: Alaska Constitution Party Candidate To Appear on Governor Ballot | Coffee Party News | Scoop.it
  Alaskan voters will have another option for governor this November. For the first-time ever, the Alaskan Constitution Party will have a
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Baltimore Detective, Intimidated For Testifying Against Police, Resigns

Baltimore Detective, Intimidated For Testifying Against Police, Resigns | Coffee Party News | Scoop.it
Baltimore, MD- Baltimore City Detective Joe Crystal has chosen to leave the police force after being intimidated by fellow officers and ignored
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More ‘Imperial Hubris’ Than Bush

More ‘Imperial Hubris’ Than Bush | Coffee Party News | Scoop.it
President Obama’s plan to defeat the Islamic State is already showing signs of falling apart (see, i.e. “Arabs Give Tepid Support to U.S. Fight Against ISIS” and “U.S. Pins Hope on Syrian Rebels With Loyalties All Over the Map“).
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News Organizations Finally Realize Obama’s War Plan Is a Hot Mess

News Organizations Finally Realize Obama’s War Plan Is a Hot Mess | Coffee Party News | Scoop.it
President Obama’s plan to “degrade and destroy” the Islamic State counts on pretty much everything going right in a region of the world where pretty much anything the U.S. does always goes wrong.
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The Congressional Hyperbole Caucus

The Congressional Hyperbole Caucus | Coffee Party News | Scoop.it
When judging the hyperbole emerging from Capitol Hill about the Islamic State, you must keep this in mind: “The threat ISIS poses cannot be overstated.”
That’s what Sen.
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McCain: “Everyone on the National Security Team Recommended Arming ISIS”

McCain: “Everyone on the National Security Team Recommended Arming ISIS” | Coffee Party News | Scoop.it
Is there no difference between the Syrian rebels and ISIS in John McCain's mind?
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The Justice Dept: Our Staff Is Routinely Blocked From Access To Documents Need To Audit Law Enforcement Agencies

The Justice Dept: Our Staff Is Routinely Blocked From Access To Documents Need To Audit Law Enforcement Agencies | Coffee Party News | Scoop.it
(Photo/Cindy Cornett Seigle via Flickr)
The Justice Department’s inspector general said Tuesday that his staff is routinely blocked from getting access to documents it needs for audits and reviews of the department and its law enforcement agencies.
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