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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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As Activists Gear Up for People's Climate March, Rep. Jim McDermott Pushes Carbon Tax

As Activists Gear Up for People's Climate March, Rep. Jim McDermott Pushes Carbon Tax | Coffee Party News | Scoop.it
World leaders are gathering at the United Nations next week for a major summit on climate change. On September 21, more than 100,000 people are expected to attend the People’s Climate March being held in New York City.
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Inspector General Reveals Millions Wasted on Unused Afghan Communications Towers

The story is nominally “embargoed” until Thursday morning, but the Special Inspector General for Afghanistan Reconstruction (SIGAR) is preparing to release letters from the State and Defense Departments detailing a $7.2 million waste on...
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U.S. officials: Arab states have offered to fly airstrikes against Islamic State in Iraq

U.S. officials: Arab states have offered to fly airstrikes against Islamic State in Iraq | Coffee Party News | Scoop.it
PARIS — Several Arab states have offered to fly airstrikes against Islamic State militants in Iraq alongside the efforts of the United States, U.S. officials said Sunday.
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Paul Ryan Complains About Conservative Media, Praises Obama

Paul Ryan Complains About Conservative Media, Praises Obama | Coffee Party News | Scoop.it
Rep. Paul Ryan (R-WI) tsk-tsked conservative media for "coarsening our debate" and vowed to "do my small part" to keep things civil before spontaneously praising President Obama's recent foreign policy decisions.
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San Francisco Chronicle Rejects Prop. 45

San Francisco Chronicle Rejects Prop. 45 | Coffee Party News | Scoop.it
The San Francisco Chronicle has urged readers to vote no on proposition 45, an attempt to let state regulators have control over insurance prices.
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Police Claim Cop Block, Peaceful Streets Project and Activists of America are an Imminent Threat

Police Claim Cop Block, Peaceful Streets Project and Activists of America are an Imminent Threat | Coffee Party News | Scoop.it
Imminent threat to who? Corrupt cops?
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People's Blog for the Constitution » United States Constitution Day 2014: An Irrelevant Document?

People's Blog for the Constitution » United States Constitution Day 2014: An Irrelevant Document? | Coffee Party News | Scoop.it
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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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U.S. Ground Troops Back in Iraq? General Hints Broader Military Effort May Be Needed to Fight ISIS

U.S. Ground Troops Back in Iraq? General Hints Broader Military Effort May Be Needed to Fight ISIS | Coffee Party News | Scoop.it
A week after President Obama vowed not to send ground troops into Iraq to fight the Islamic State, Gen. Martin Dempsey, chair of the Joint Chiefs of Staff, admitted ground troops may be needed.
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Christians In Northern Lebanon And Hezbollah Unite Over Shared ISIS Threat

Christians In Northern Lebanon And Hezbollah Unite Over Shared ISIS Threat | Coffee Party News | Scoop.it
Al-Qaa’s town center.
Reports:
It’s a few minutes before midday. Al-Qaa, east of the city of Hermel in the northernmost area of the Bekaa Valley, seems like a ghost town. The residents are hiding in their homes from the simmering heat.
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America At A Crossroads: ISIS, The Arms Industry, And A Peace Economy

America At A Crossroads: ISIS, The Arms Industry, And A Peace Economy | Coffee Party News | Scoop.it
WASHINGTON — Whether or not they are legitimate concerns that demand American attention, issues like the Islamic State, general instability in the Middle East, and the ongoing conflict in Ukraine are used by the defense industry to argue for more...
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McCarthy Anticipates Bipartisan Passage of Syrian Authorization

McCarthy Anticipates Bipartisan Passage of Syrian Authorization | Coffee Party News | Scoop.it
WASHINGTON, D.C. --- House Majority Leader Kevin McCarthy told reporters Monday afternoon that debate on the the authorization to train and arm Syrian rebels could begin Tuesday and described the legislative language as providing “much more...
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Rare respiratory illness confirmed in 10 states, expands to New York and Alabama

Rare respiratory illness confirmed in 10 states, expands to New York and Alabama | Coffee Party News | Scoop.it
The rare and severe respiratory illness sickening children around the country has expanded to new states, and health officials believe there could also be unconfirmed cases in other places.
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Islamic State: ‘US failure to look into Saudi role in 9/11 has helped Isis’

Islamic State: ‘US failure to look into Saudi role in 9/11 has helped Isis’ | Coffee Party News | Scoop.it
The rise of the Islamic State of Iraq and the Levant (Isis) has been aided by the continuing failure of the US Government to investigate the role of Saudi Arabia in the 9/11 attacks and its support of jihadi movements such as al-Qaeda in the years since, says former Senator Bob Graham, the co-chairman of the official inquiry into 9/11.
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The American Conservative: Realism and Reform

The American Conservative: Realism and Reform | Coffee Party News | Scoop.it
Promoting the cause of restraint and peace.
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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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