.JPG)
Showing posts with label wealth disparity. Show all posts
Showing posts with label wealth disparity. Show all posts
Wealth Inequality in America - YouTube
Wealth Inequality in America - YouTube
<object width="853" height="480"><param name="movie" value="http://www.youtube.com/v/QPKKQnijnsM?version=3&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/QPKKQnijnsM?version=3&hl=en_US" type="application/x-shockwave-flash" width="853" height="480" allowscriptaccess="always" allowfullscreen="true"></embed></object>
<object width="853" height="480"><param name="movie" value="http://www.youtube.com/v/QPKKQnijnsM?version=3&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/QPKKQnijnsM?version=3&hl=en_US" type="application/x-shockwave-flash" width="853" height="480" allowscriptaccess="always" allowfullscreen="true"></embed></object>
Analysis: Stuck in reverse, Detroit edges closer to bankruptcy | Reuters
Analysis: Stuck in reverse, Detroit edges closer to bankruptcy | Reuters: (Reuters) - "At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball."
The Unequal State of America: The economics paper that rattled Washington | Reuters
The Unequal State of America: The economics paper that rattled Washington | Reuters: "An employee of the Congressional Research Service, Hungerford in 2011 published a paper that found that after-tax income inequality rose 11.2 percent between 1996 and 2006. Rising capital gains and dividends among the wealthy were the main driver of the widening gap, he concluded, accounting for 72 percent of the increase. Tax cuts, he found, accounted for the rest. The cuts had an especially big impact because income from capital gains surpassed salaries for the top 1 percent of earners over that period." (My selection)
Ignoring America's poor - Inside Story: US 2012 - Al Jazeera English
Ignoring America's poor - Inside Story: US 2012 - Al Jazeera English
Al Jazeera forgot to mention that the richest saw their worth increase 13%, while compared with 2010 the median income in the US has gone down 1.5%. (My comment)
Al Jazeera forgot to mention that the richest saw their worth increase 13%, while compared with 2010 the median income in the US has gone down 1.5%. (My comment)
Richest 400 Americans' net worth jumps 13 percent to $1.7 trillion: Forbes | Reuters
Richest 400 Americans' net worth jumps 13 percent to $1.7 trillion: Forbes | Reuters: (Reuters) - "The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast of characters once again populated the top of the magazine's annual list of the U.S. uber-elite, including Bill Gates, Warren Buffett, Larry Ellison and the Koch brothers."
"But the 13 percent growth in the wealth of the richest Americans far outpaced that of the economy overall, helping widen the chasm between rich and poor." (My selection)
A bunch of white males (my comment)
That is why people are revolting; only the middle class is suppose to tighten its belt while the rich get richer and protect their interests with the aid of the police, CIA, NSA and military; and these organizations are paid by the people's taxes. (my comment)
"But the 13 percent growth in the wealth of the richest Americans far outpaced that of the economy overall, helping widen the chasm between rich and poor." (My selection)
A bunch of white males (my comment)
That is why people are revolting; only the middle class is suppose to tighten its belt while the rich get richer and protect their interests with the aid of the police, CIA, NSA and military; and these organizations are paid by the people's taxes. (my comment)
Miners' strike tops S Africa congress agenda - Africa - Al Jazeera English
Miners' strike tops S Africa congress agenda - Africa - Al Jazeera English
If anyone is interested here is the website of Anglo-Amiricana Platinum: http://www.angloplatinum.com/
Some thoughts: Platinum is a precious metal and as is clear in the website Anglo-American's shares are up; so why do not they share the profit with their workers: the ones digging, ingesting dust particles; sacrificing their health, quality of life and longevity for a meager salary?
(My selection) Wikipedia
Furthermore, although the workers are Africans natives, the name of the company Anglo-American Platinum suggests that the company is ran by white exploiters who- as much as during colonialism or apartheid - exploit African resources and labor. Yet, they do no share the profits raked.
If anyone is interested here is the website of Anglo-Amiricana Platinum: http://www.angloplatinum.com/
Some thoughts: Platinum is a precious metal and as is clear in the website Anglo-American's shares are up; so why do not they share the profit with their workers: the ones digging, ingesting dust particles; sacrificing their health, quality of life and longevity for a meager salary?
"Platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Because only a few hundred tonnes are produced annually, it is a scarce material, and is highly valuable and is a major precious metal commodity. Being a heavy metal, it leads to health issues upon exposure to its salts, but due to its corrosion resistance, it is not as toxic as some metals.[3] Compounds containing platinum, most notably cisplatin, are applied in chemotherapy against certain types of cancer.[4]"
Furthermore, although the workers are Africans natives, the name of the company Anglo-American Platinum suggests that the company is ran by white exploiters who- as much as during colonialism or apartheid - exploit African resources and labor. Yet, they do no share the profits raked.
"Controversy
Anglo Platinum, the world's largest platinum miner and a subsidiary of Anglo American PLC, the world's fifth largest mining corporation, filed SLAPPs (Strategic Lawsuit Against Public Participation) against a South African public interest lawyer Richard Spoor, who represented indigenous communities affected by platinum mining on tribal land. The actions include an application in the High Court for a so-called gagging order, ostensibly to prevent him further injuring the good name and reputation of the corporation, the lodging of complaints with the Law Society of unprofessional behaviour and the lodging of a civil action for damages for some $500,000. Anglo Platinum also obtained an ex parte (without notice) order interdicting two tribal chiefs from interfering with their mining operations and had them arrested on charges of intimidation and trespass. Subsequently, followers of the two tribal chiefs were shot, beaten and arrested for protesting the mine's presence on tribal land.[1][2]
In August 2007, British charity War on Want published a report accusing Anglo Platinum's parent company Anglo American of profiting from the abuse of people in the developing countries in which the company operates.[3] In the report, Anglo Platinum is accused of displacing communities in South Africa, including forcing the entire Magobading community off its land and into the Mecklenberg township." Wikipedia (My selection)
Now how can the west and particularly the US wonder why the world is angry at us.
Now how can the west and particularly the US wonder why the world is angry at us.
[edit]
Affirmative action and the real enemy of education equality | Gary Younge | Comment is free | guardian.co.uk
Affirmative action and the real enemy of education equality | Gary Younge | Comment is free | guardian.co.uk
"Affirmative action faces renewed challenge in the supreme court, but in truth, it's class, not race, that fixes college admissions"
Poverty in America likely to get worse, report finds | Business | guardian.co.uk
Poverty in America likely to get worse, report finds | Business | guardian.co.uk: "Indiana University study says 46 million Americans are living below the poverty line – up 27% since start of recession"
Growing wealth divide puts globalization at risk | Reuters
Growing wealth divide puts globalization at risk | Reuters: (Reuters) - "A backlash against rising inequality - evident from the Occupy movement to the Arab Spring - risks derailing the advance of globalization and represents a threat to economies worldwide, according to the World Economic Forum."
San Franciso police arrest 100 in Bank of America protest - latimes.com
San Franciso police arrest 100 in Bank of America protest - latimes.com: "Officers end four-hour standoff after Occupy movement demonstrators, mostly UC students, take over a bank lobby in San Francisco's financial district."
Occupy Wall Street day of action – live coverage | World news | guardian.co.uk
Occupy Wall Street day of action – live coverage | World news | guardian.co.uk: "Some 300m south, a police barricade, flanked by TV news crews, was blocking access to Wall Street. Workers were allowed to enter the street, but only after showing company ID. I tried to enter, but was told "no press today, for security reasons", by a police officer."
Subscribe to:
Posts (Atom)
.JPG)
.JPG)