May 20, 2013
"

If you work for 50 years and receive the typical long-term return of 7 percent on your 401(k) plan and your fees are 2 percent, almost two-thirds of your account will go to Wall Street. This was the bombshell dropped by Frontline’s Martin Smith in this Tuesday evening’s PBS program, The Retirement Gamble.

This is not so much a gamble as a certainty: under a 2 percent 401(k) fee structure, almost two-thirds of your working life will go toward paying obscene compensation to Wall Street; a little over one-third will benefit your family – and that’s before paying taxes on withdrawals to Uncle Sam

"

http://wallstreetonparade.com/2013/04/pbs-drops-another-bombshell-wall-street-is-gobbling-up-two-thirds-of-your-401k/

May 19, 2013
vozdaesquerda:

Lênin.

vozdaesquerda:

Lênin.

(via fuckyeahmarxismleninism)

May 16, 2013
"

On Thursday, I wrote about the central role that absolute free market libertarianism, as personified by the fictional John Galt, played in the horrific explosion in West, Texas that took the lives of fourteen people, most of whom were volunteer firefighters fighting a fire at an unregulated fertilizer facility.

We have now learned that the facility had a checkered history of ignoring regulations and had 1350 times more ammonium nitrate on hand than the amount that triggers a legal requirement to report the facility to Department of Homeland Security. Of course, the facility’s owner chose to ignore that regulation along with the many other regulations he chose to ignore. Sadly, some press accounts of the owner chose to focus more on his role as a church elder (Update: he was even at Bible study when the fire broke out!) than on how his choice to flout regulations and good sense led directly to this tragedy.

Whatever the cause of the original fire that eventually triggered the explosion, the plant owner’s decision to maintain such a large and unreported amount of highly explosive ammonium nitrate so close to so many people played a huge role in how this tragedy played out.

"

http://www.alternet.org/economy/free-market-ayn-rand-ideology-was-root-cause-horrific-explosion-texas

May 13, 2013

Yeah.  Something IS wrong here.  Unfettered capitalism….

thepeoplesrecord:

Daily Kos: The traditional media’s shoddy reporting on the Keystone XL pipeline is no surprise
March 21, 2013

It’s no secret that the traditional media have done a horrendous job on climate change, ignoring it or misreporting it, even in the face of an overwhelming scientific consensus, and even as the real world impacts continue and accelerate. In 2012, coverage of climate change dropped to a four year low on the Sunday talk shows, with not one person quoted being an actual scientist. Of course, when the science is so convincing, it’s difficult for the traditional media to play their usual game of creating false debates where there aren’t any real ones. On broadcast television, overall, coverage of climate change has plummeted, while newspaper coverage was no better, with climate deniers receiving more attention in the United States and the United Kingdom than in other countries, regardless of the ideological leanings of the specific papers. Which is to be expected, particularly given that the climate change deniers are so well-funded.

So, with President Obama soon to make a decision on the Keystone XL tar sands pipeline, it is no surprise to learn that the traditional media once again are living up to their horrendous standards. Media Matters has the story:

Television outlets overlooked the threat of Keystone XL to the sensitive ecosystems along the pipeline route, mentioning the risk of a spill in just 20 percent of coverage since Election Day, November 6, 2012. Meanwhile, 43 percent of television coverage promoted the jobs benefits of the pipeline, and 27 percent incorrectly suggested it would reduce our dependence on Middle East oil.

And making it even worse is that the supposed jobs benefits themselves are wildly overstated. As I wrote last month, regarding the State Department’s shamefully dishonest Supplemental Environmental Impact Statement on the pipeline:

The earlier Environmental Impact Statement estimated no more than 500 to 900 local jobs would be created throughout the entire construction throughout the entire region, and the new SEIS estimates no more than a few dozen permanent jobs, once the pipeline has been built. A 2011 study by the Cornell Global Labor Institute found that Keystone may actually destroy more jobs than it creates, and of course neither the fossil fuels industries, nor apparently the State Department that outsourced the SEIS to the fossil fuels industry, seems to care that the pipeline will damage the economy, overall.

So, of course the traditional media coverage would focus their coverage on what the dishonest supporters of Keystone want them to focus on, despite of its dishonesty. And as the Media Matters report explains, even though a tar sands pipeline recently ruptured in Arkansas, dumping thousands of gallons of oil into a residential neighborhood and wilderness area, the media coverage of Keystone did not then increase its discussion of spill risks, and the coverage by ABC, CBS and Fox didn’t even bother to mention that Keystone would carry the same type of heavy crude. And of course, both Murdoch-owned Fox and the Wall Street Journal minimized the pipeline’s climate impact, hardly ever mentioning it, and at times flat out dismissing it. On Fox, 76 percent of those quoted support the pipeline, and only 13 percent oppose it, and not one of the politicians quoted or hosted by Fox— only one of whom, other than the president, is a Democrat—opposed it.

As for the overall reporting on Keystone’s impact on climate change? Media Matters:

Scientists accounted for less than 1 percent of those hosted or quoted by TV outlets and less than 4 percent of those quoted by the major papers. CNN was the only television outlet to quote a scientist about the pipeline, and it was Patrick Michaels — a prominent climate contrarian who receives funding from the oil industry. The Los Angeles Times, USA Today and the Wall Street Journal did not quote a single scientist.

That might just be because so many prominent climate scientists oppose the pipeline, including John Abraham, David Archer, Jason Box, Ken Caldeira, James Hansen, John Harte, Ralph Keeling, Michael MacCracken, Michael Mann, James McCarthy, Michael Oppenheimer, Mauri Pelto, Raymond Pierrehumbert, Alan Robock, Terry Root, Ted Scambos, Richard Somerville and George Woodwell. As usual, the problem with traditional media coverage of anything related to climate change is that science is subjugated to the false political narrative that creates debates and controversies where there aren’t any.

If the traditional media were professional and honorable, they would research and report facts, as accurately as possible. On questions of science, they would talk to scientists. When talking to scientists, they would not give equal or even more time to those whose opinions are in a teeny tiny minority. But on climate issues, the traditional media are not professional and honorable, they almost never talk to scientists, and when they do talk to scientists they give wildly disproportionate coverage to the opinions of those who are so marginal and discredited as to be no better than flat-Earthers.

Appropriately and with great timing, this year’s Pulitzer Prize for National Reporting went not to any traditional media outlet, but to the online site InsideClimate News, “for their rigorous reports on flawed regulation of the nation’s oil pipelines, focusing on potential ecological dangers posed by diluted bitumen (or ‘dilbit’), a controversial form of oil.” InsideClimate has an entire page dedicated to Keystone, tar sands, and oil sands. The information is plentiful, even if the traditional media choose to ignore or distort it.

What should be good news is that the decision on Keystone lies in the hands of one man, and he is smart enough and diligent enough to be able to learn and act on the facts. It is up to him. There are no excuses. He can and must do the right thing, even when so many of the usual won’t.

Source

(via reagan-was-a-horrible-president)

May 11, 2013
"

That year, according to the city’s measure, about 46 percent of New Yorkers were making less than 150 percent of the poverty threshold, a benchmark used to describe people who are not officially poor but who still struggle to get by. That represents a rise of more than three percentage points since 2009, when the nation’s recession officially ended.

By the city’s definition, a family with two adults and two children could earn $46,416 a year and still fall within 150 percent of the city’ poverty level. Unlike the official but rigid federal poverty level, the city’s measure balances the added value of tax credits, food stamps, rent subsidies and other benefits against expenses like health and day care, housing and commuting that reflect New York’s higher living costs. The city says a two-adult, two-child family is poor if it earns less than $30,949 a year. The federal government sets the level at $22,811.

Though more New Yorkers were working in 2011 than the year before, larger shares of children and working adults were classified as poor in 2011, and the proportions of Asians, noncitizens and Queens residents — overlapping groups — each rose by more than four percentage points since 2008.

"

City Report Shows More Were Near Poverty in 2011

(via jayaprada)

May 8, 2013
No charges for NYPD cops filmed punching, pepper-spraying Occupy protesters

Fucking surprised?

stfuconservatives:

Today in “business as usual for the US judicial system.”

May 5, 2013
"

“According to the World Medical Assembly’s Declaration of Malta, in cases involving people on hunger strikes, the duty of medical personnel to act ethically and the principle of respect for individuals’ autonomy, among other principles, must be respected.

“Under these principles, it is unjustifiable to engage in forced feeding of individuals contrary to their informed and voluntary refusal of such a measure. Moreover, hunger strikers should be protected from all forms of coercion, even more so when this is done through force and in some cases through physical violence.

“Health care personnel may not apply undue pressure of any sort on individuals who have opted for the extreme recourse of a hunger strike. Nor is it acceptable to use threats of forced feeding or other types of physical or psychological coercion against individuals who have voluntarily decided to go on a hunger strike.”

"

— United Nations’ Statement on Guantanamo Hunger Strikes

May 4, 2013
winningprogressive:

The Political Pragmatic reminds us that the real welfare queens are banks, the oil industry, and much of the rest of corporate America.
View Post

winningprogressive:

The Political Pragmatic reminds us that the real welfare queens are banks, the oil industry, and much of the rest of corporate America.

View Post

(via reagan-was-a-horrible-president)

May 2, 2013
"

For U.S. urban youth who are fans of Beyonce and Jay-Z, the experience of a visit to Cuba would stand in stark contrast to the conditions that are commonplace across urban cities in the U.S.—namely unemployment and lack of adequate health care, housing, and educational opportunities. In Cuba, a job, quality health care, housing and education are all rights that every Cuban enjoys. Universal health care means that Cuban women have full access to contraception and abortions, while in the United States 87 percent of counties nationwide have not one identifiable abortion provider.

While Latin American crime rates continue to soar, Cuban society is known for its safe streets and social peace. In a recent international study Cuba was ranked first among Latin American and Caribbean nations in student performance in math and science. In New York City, only 30 percent of eighth-grade students read at their grade level, while across the U.S over 1 million school-age children are homeless or live in a homeless shelter.

In Beyonce’s home city of Houston, the percentage of Black children in foster homes exceeds the proportion of Black children in the city as a whole, while homelessness in Cuba remains unheard of (especially in the case of children). On average, Black Cubans are expected to live five years longer than a Black American, and top positions in government and industry are held by Blacks in Cuba just as often as they are held by light-skinned Cubans.

According to the U.N., Cuba is the only country in the world to have sustained economic growth while at the same time maintaining environmentally sustainable food and industrial production. A trip to Cuba would allow ordinary Americans to pierce through the U.S propaganda machine and find out just how Cuban democracy works and why so many people in Cuba support their government.

Long before Jay-Z and Beyonce, U.S. citizens have been defying the unjust travel ban and traveling to Cuba anyway. Tens of thousands of U.S. citizens visit Cuba every year, and U.S. Cuban solidarity organizations like the Venceremos Brigade and Pastors for Peace have been taking U.S. citizens to Cuba in defiance of the Treasury Department for almost as long as the U.S. blockade has been in place against the island nation’s socialist government.

Hopefully the new media attention on the Cuban tourist industry and the pictures of Jay-Z puffing a Cuban cigar on the balcony of a Cuban hotel, or the YouTube video of Beyonce dancing salsa at a Cuban nightclub, will spur more people to want to travel to Cuba with or without permission from the U.S. Treasury Department.

Since the Obama administration made it possible to travel to Cuba for cultural, religious or academic reasons in 2011, there is a misconception by many in the United States that the half-century-long blockade has been eased and that the travel ban will soon be lifted altogether. In reality, the blockade has been intensified through increased enforcement of the Helms-Burton Act of 1996 and continued attempts by the United States to undermine the Cuban government.

Washington continues to carry out and intensify its efforts to overthrow the Cuban Revolution. We urge everyone to make it their duty to resist this effort. It can be as easy as taking a vacation just 90 miles from the USA.

Lift the blockade!

"

The PSL on Jay Z and Beyonce’s visits to Cuba

May 1, 2013
fuckyeahmarxismleninism:

Long live May Day! 
Popular Front for the Liberation of Palestine (PFLP)

fuckyeahmarxismleninism:

Long live May Day! 

Popular Front for the Liberation of Palestine (PFLP)

(via amodernmanifesto)

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