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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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Total Mainstream Media Blackout of Chicago Secret 'Black Site' at Homan Square

Total Mainstream Media Blackout of Chicago Secret 'Black Site' at Homan Square | Coffee Party News | Scoop.it
Why is the mainstream media purposely not covering Homan Square?
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“Say ‘Lawyer’ All You Want Motherf****r” Detainees from Chicago’s Police “Black Site” Speak Out

“Say ‘Lawyer’ All You Want Motherf****r” Detainees from Chicago’s Police “Black Site” Speak Out | Coffee Party News | Scoop.it
EXCLUSIVE: Former detainees, who've been held in this repugnant place, have been voiceless -- until now.
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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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Stories Continue To Emerge From Chicago Police Department 'Black Site'

Stories Continue To Emerge From Chicago Police Department 'Black Site' | Coffee Party News | Scoop.it
Despite vague and predictable non-answers from Chicago Police officials and lackluster “reporting” from the majority of local sources, more disturbing revelations from the CPD's facility on Homan Avenue have emerged.
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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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