"Older people who would like to retire and would do so if they could afford it should get some help. The right step is to reduce, not increase, the full-benefits retirement age. As a rough cut, why not enact a three-year window during which the age for receiving full Social Security benefits would drop to 62 -- providing a voluntary, one-time, grab-it-now bonus for leaving work? Let them go home! With a secure pension and medical care, they will be happier. Young people who need work will be happier. And there will also be more jobs. With pension security, older people will consume services until the end of their lives. They will become, each and every one, an employer."
The Car ConnectionOccupy Sandy: How Hurricane Sandy resurrected the Occupy movementThe Week MagazineOccupy Wall Street was largely dismissed after it failed to do anything more than complain about the country's income inequality problem.
The role of derivatives in generating inequality through the food and agricultural sectors does not stop there. Derivatives market globalization, in addition to providing new opportunities for speculators, has altered the ...
Inequality hits home for Wall Street middle classReuters Blogs (blog)Income inequality isn't just a rallying cry for the poor. It's even hitting home in one of the traditional breeding grounds of the very rich: Wall Street.
People want to emancipate themselves not just from poverty and shrinking opportunities, but from governance systems that do not allow them meaningful voice and responsibility. This book is about how we can find the new paths to navigate this transition. It is about our future. But since there is no path forward, we must make the path. This book therefore is about some of the most promising new paths now being developed.
A critical mass of the 99% recognize the credit and monetary system we have is a rigged casino; a conspiracy of a 1% and their purchased minions in banking, politics, and corporate media. This awakening is a goal of Occupy with the endgame to arrest the criminal 1% who annually kill millions with war and poverty, harm billions, and loot trillions of the 99%’s wealth.
Monetary and credit reform replace today’s debt slavery; creating debt-free money and public credit for direct payment of public goods and services, full-employment, and immediate infrastructure needs. Human needs are fully funded for the first time in recorded history. We have world peace. Media is freed from being a propaganda tool of the 1% and shine light on building a brighter future for all Earth’s inhabitants. Humanity lives in unimagined creative inspiration, love, and discovery.
As technology is unleashed and suppressed breakthroughs brought to light, humanity embraces a resource-based economic model because automation can produce all human needs most efficiently for everyone without accounting of a monetary system. Machines do most of what we do today for work. Humanity is free for creative acts and unprecedented outer and inner discovery of what it means to be human. Please invest 48 minutes to watch the video and be briefed.
In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.
THESSALONIKI, Greece (AP) — Protesters have broken into a conference center and clashed with police in northern Greece after gathering to demonstrate against the presence of a German government official.
Consensus offers status and reward for those who can navigate its waters. Further, status salutes status. We warm to those who confirm our attachment to our understanding of the world and all that we have invested in it...Our current consensus view may indeed be correct, and the fringe view ludicrous. But as we have seen, it’s not axiomatic. And because risk is a combination of the chance of an occurrence and the severity of impact, a warning of a major impact – even if relatively low chance of happening – should make us concerned.
The GuardianWage inequality rises across the UKThe GuardianThe figures showed London had the biggest wage inequality in 2011, with the top earners' pay more than 16 times higher than the lowest, and that more than one in three of the highest-paid...
Wealth, Power Inequality Hang Over Party CongressChina Digital TimesMeasuring income inequality is difficult in China, in part because rich Chinese families are loathe to reveal the true extent of their wealth.
AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs).
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