Posts Tagged ‘economic inequality’

Dr. Martin Luther King, Jr. on Health Care

January 15, 2018

Dr. Martin Luther King, Jr. on Health Care

“Of all the forms of inequality, injustice in health is the most shocking and inhumane.”

— Dr. Martin Luther King, Jr. addressing the Medical Committee for Human Rights, 1966

Image source: Library of Congress.

______________________

Short link: https://wp.me/p6sb6-qWe

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

Trump to Meet Real Billionaires at Davos

January 12, 2018

Trump to Meet Real Billionaires at Davos

Serial bankrupt and reality-TV star Donald Trump will meet some real billionaires when he joins the global titans of business, finance, and economic policy in two weeks at the 48th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland. Mr. Trump, an ethnocentric isolationist who publishes his economic policy on baseball hats, will converse with Nobel laureate economists, world leaders, and international financiers on the theme “Creating a Shared Future in a Fractured World,” which “will make a case for renewed commitment to international collaboration as a way of solving critical global challenges.” Since this is the kind of elite crowd and Globalist agenda Mr. Trump campaigned against, his presence at the Forum is baffling, especially since the Davos golf season ended in October.

The 2018 Forum is co-chaired by 7 powerful women: Sharan Burrow (General Secretary, International Trade Union Confederation), Fabiola Gianotti (Director-General, European Organization for Nuclear Research – CERN), Isabelle Kocher (CEO of French multinational electric utility company ENGIE), Christine Lagarde (Managing Director, International Monetary Fund — IMF), Ginni Rometty (Chairman, President and CEO, IBM Corporation), Chetna Sinha (Founder and President, Mann Deshi Mahila Bank and Mann Deshi Foundation), and Erna Solberg (Prime Minister of Norway). Mr. Trump’s last meeting with women of so many nations involved a swimsuit competition, and didn’t have a code of conduct.

(more…)

Gloves, Because Poor People Touch These Things

November 21, 2017

Gloves, Because Poor People Touch These Things

Hedge fund manager and foreclosure king Steve Mnuchin, the current Secretary of the Treasury, recently visited the U.S. Mint to see newly-printed currency with his name on it. Mr. Mnuchin was clad in a plain dark suit, accessorized with a red tie and his newly-minted wife, the minor film star Louise Linton. Ms. Linton once represented a Scottish leather goods company, and was disappointed that her name could not be printed on the bills next to her husband’s as the Treasury’s “Brand Ambassador.”

Louise Linton was clad in about $10,000-worth of black leather Michael Kors garb she ordered straight from the catalog. The gloves alone cost $625; it would take more than a dozen of those uncut $1 bill sheets she’s holding to buy them.

Mr. and Mrs. Mnuchin previously raised the public eyebrow when they took a government plane to view the total eclipse from the roof of Fort Knox, the U.S. Government gold depository. “Glad gold is safe!” tweeted the Secretary later, probably because his wife wasn’t carrying a bullion-sized purse. Ms. Linton wore Hermes, Tom Ford, and Valentino for that occasion.

More:

“‘Like Bond villains’: What happened when Steven Mnuchin and his wife posed with a sheet of money,” Eli Rosenberg, Washington Post

“Louise Linton Clearly Wants America to Hate Her as Much as Possible,” Lizzie Crocker, Daily Beast

“Louise Linton Gets Mocked for ‘Disney Villain’ Style After Previous Tone-Deaf Outfit Controversy,” Jillian Ruffo, People

“With Long Leather Gloves, a Sheet of Money, and a Smize, Louise Linton Strikes Yet Another Pose in DC,” Kaitlin Menza, Vogue

“The Treasury Secretary’s Wife,” Kevin D. Wiliamson, National Review

_____________

Short link: https://wp.me/p6sb6-qIc

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

Tax Rates: Adam Smith Speaks

November 8, 2017

Tax Rates: Adam Smith Speaks

“The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess …. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

The Wealth of Nations, Adam Smith, 1776

___________________

Short link: https://wp.me/p6sb6-qBV

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

How Tax Breaks Help the Rich

November 3, 2017

“The gap between the rich and the poor in America looks more like developing countries than other Western nations.” A Vox explainer.

_____________

Short link: http://wp.me/p6sb6-qzL

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

Americans Think Hard Work Gets You Nowhere

June 7, 2017

Americans Think Hard Work Gets You Nowhere

“A new poll from the Strong, Prosperous and Resilient Communities Challenge (SPARCC), an initiative to bolster local economies, found that Americans are quite skeptical of the narrative connecting wealth with personal agency. SPARCC found that 74 percent of those surveyed believed that most poor people work hard, but aren’t able to work their way out of poverty due to the lack of economic opportunities. In the U.S., 19 percent of income inequality is attributed to predetermined circumstances such as a person’s race, gender, and parental income. The SPARCC report also points to past research showing that economic mobility and health outcomes are greatly affected by geography as evidence that individual hard work won’t ensure success because opportunities aren’t evenly distributed.”

–“Americans Are Pretty Skeptical That Hard Work Will Pay Off,” Bourree Lam, The Atlantic

____________________________

Short link: http://wp.me/p6sb6-pwv

Top image derived from Urban Folklore from the Paperwork Empire, Alan Dundes and Carl R. Pagter (1975)

Comments are welcome if they are on-topic, substantive, concise, and not obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

Judge Orders Bottled Water Delivery To Flint Residents

November 11, 2016

Judge Orders Bottled Water Delivery To Flint Residents

Federal Court Judge David M. Lawson has ordered Michigan state and local governments to provide home delivery of at least four cases of water a week to each resident of Flint, unless officials verify that the household has a properly installed and maintained water filter. Deliveries must continue until the city’s water lead hazard ends.

Bottled water had previously been available for pick-up at various locations throughout the city, but restrictive access hours and limits per family placed the burden on residents, 40 percent of whom live below the poverty line. Many do not own cars, and had to walk to and from the water supply centers.

As Judge Lawson observed:

“In modern society, when we turn on a faucet, we expect safe drinking water to flow out. As the evidence shows, this is no longer the case in Flint. The Flint water crisis has in effect turned back the clock to a time when people traveled to central water sources to fill their buckets and carry the water home.”

The water became tainted with lead in 2014 when the Republican state government privatized Flint’s water utility, which then instituted cost-cutting measure while charging residents some of the highest rates in the nation.

More:

“Federal judge orders delivery of bottled water in Flint,” Paul Egan, Detroit Free Press

_____________

Short link: http://wp.me/p6sb6-oS3

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

Flint: Fear the Water

March 18, 2016

A New Yorker video, produced by Zackary Canepari and Jessica Dimmock.

_____________

Short link: http://wp.me/p6sb6-nqj

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

Flint, Michigan

February 24, 2016

Flint, Michigan

Flint, Michigan residents, 40 percent of whom have incomes under the poverty level, have been paying the highest water bills in the nation for the lead-tainted water that has endangered their children’s health. Those rates were set by the state-appointed emergency managers who switched the system from Detroit water to chemical-laden Flint River water. Thank you, Governor Rick Snyder.

More:

“While Lead Flowed Through the Pipes, Flint Residents Paid America’s Most Expensive Water Bills,” Julia Lurie, Mother Jones

“Flint Is What Happens When a Small-Government, Anti-Spending Philosophy Rules the Day,” Jeff Turrentine , Pacific Standard

“Lessons from Flint and the Price of Water Privatization,”  Mary Grant and Jo Miles, Food & Water Watch

“By the numbers: Flint’s water emergency,” Associated Press

Related:

“How the Flint River got so toxic,” Tim Carmody, The Verge

_____________

Short link: http://wp.me/p6sb6-nfO

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine

Davos 2016

January 20, 2016

Davos 2016

The billionaire masters of Planet Earth and their pet politicians are in Davos this week for the 46th World Economic Forum. The US is sending a high-powered team led by Joe Biden, John Kerry, Kevin Spacey, will.i.am, and Leonardo DiCaprio. You can join them for a mere $31,473 a ticket, if you’ve paid your $50,000 WEF dues. Hotel, dining, and valet parking are extra. Gatecrashers and the improperly dressed will be politely turned away by police and 5,000 Swiss soldiers.

 

The Forum is going to be really inconvenient this year due to security concerns. You’ll have to land your private jet at Dübendorf military airbase and get to Davos by limo, helicopter, or horse-drawn carriage.

This year’s agenda will focus on Industry 4.0, aka “The Fourth Industrial Revolution … the fusion of technologies across the physical, digital and biological worlds which is creating entirely new capabilities”and replacing laborers with robot employees. Naturally, Forum members want to speed up that process. And WEF is concerned about women, too, and that’s why this year almost 20% of Davos attendees are women. Progress!

More:

“62 People Own Half the World’s Wealth, Oxfam Says Ahead of World Economic Forum,” Pan Pylas, NBC New York

“Get a grip on inequality, leaders urged in run-up to World Economic Forum,”  AP via Chicago Tribune

“The 2016 World Economic Forum Misfires With Its Fourth Industrial Revolution Theme,” Jeremy Rifkin, Huffington Post

“Davos Robot Eclipses Davos Man as Gloom Descends on World Elite,” Simon Kennedy, Matthew Campbell, The Guardian

“Industry 4.0 to be huge job killer,” Deutsche Welle

“Robots put five million jobs at risk,” SwissInfo.ch

“Report from Davos: ‘Men still run the world—and it’s not going that well,’” Jenny Anderson, Quartz

“The failure of Davos,” Felix Salmon, Fusion

_________________

Short link: http://wp.me/p6sb6-n0l

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine