Posts Tagged ‘economics’

OH, AMERICA!

December 2, 2009

Patriot's Dream

ABSTRACT

15 Signs American Society Is Coming Apart at the Seams By David DeGraw, Amped Status,  edited excerpt from the Amped Status report, “The Critical Unraveling of U.S. Society.”  LINKto full report at END of ABSTRACT.

Are we nearing a tipping point as rapacious elites push a heavily armed populace too far?

The economic elite have launched an attack on the U.S. public and society is unraveling at an increased rate. You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Let’s look at the top 15 statistics that prove we are under attack.

1) The inequality of wealth in the United States is soaring to an unprecedented level. The U.S. already had the highest inequality of wealth in the industrialized world. Since the crisis, the gap between the top 1 percent and the remaining 99 percent of the U.S. population has grown to a record high.

2) As the stock market went over the 10,000 mark and surged to a 13-month high, the three big banks that took taxpayer money and benefited the most from the bailout have just set a new global economic record by issuing $30 billion in annual bonuses this year, “up 60 percent from last year.” Goldman Sachs is on pace for the best year in the firm’s history, and it is also benefiting by only paying 1 percent in taxes.

3) The profits of the economic elite are “now underwritten by taxpayers with $23.7 trillion worth of national wealth.”

As the looting is occurring at the top, the U.S. middle class is just beginning to collapse.

4) Workers between the ages of 55 to 60, who have worked for 20 to 29 years, have lost an average of 25 percent off their 401k. During the same time period, the wealth of the 400 richest Americans went up by $30 billion, bringing their total combined wealth to $1.57 trillion.

5) Home foreclosure filings “hit a record high in the third quarter (of 2009)… They were the worst three months of all time… some experts estimate that next year will be even worse.”

President Obama has enacted a $75 billion taxpayer funded program that has been a spectacular failure in stemming the foreclosure crisis and another massive waste of billions of taxpayer dollars.

6) 25 million people are unemployed or underemployed.

We have 25 million people who urgently need to increase their income, and they’re quickly running out of options. “The president’s chief economic adviser warned that the nation’s unemployment rate could stay ‘unacceptably high’ for years to come.”

The New York Times reports: “Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse.

Economist Nouriel Roubini, just reported on unemployment stating: “Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening…. So we can expect that job losses will continue until the end of 2010 at the earliest. The jobs just are not coming back.”

7) As the few elite banks thrive, there have been 123 U.S. bank failures this year. The troubles put taxpayers at risk of losing as much as $5.1 billion invested in the banks since TARP was launched in October 2008.”

8) As bankruptcies surge across the board, 10 U.S. states are on the verge of bankruptcy, with several ready to declare a financial state of emergency. California, Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin, raising the likelihood of higher taxes, more government layoffs and deep cuts in services.”

9) This is occurring at a time when the “federal budget deficit for the fiscal year that just ended was $1.4 trillion, nearly a trillion dollars greater than the year before.”  In total, “U.S. public debt topped $12 trillion for the first time in history, meaning Congress would have to raise the debt ceiling to prevent a shutdown of government operations.”

Economist Dean Baker explains the risk “If the debt limit is not passed, then at some point the government will not be able to pay workers and contractors. It won’t be able to send out Social Security checks or make payments for Medicaid and unemployment insurance to state governments. And, it will not be able to make interest payments on government bonds, effectively defaulting on the national debt.”

10) Although the government’s official figure tries to low-ball the number, 47.4 million U.S. citizens live in poverty, and the U.S. poverty rate is the highest in the industrialized world.

Predictably, homelessness is rising at an increased rate as well. “The fastest growing segment of the homeless population is families with children.”

Children have been hit especially hard by the economic crisis:

11) One out of every two children in the United States of America will need to use a food stamp… to EAT!

Washington Post report: “The nation’s economic crisis has catapulted the number of Americans who lack enough food to the highest level since the government has been keeping track, according to a new federal report, which shows that nearly 50 million people — including almost one child in four — struggled last year to get enough to eat… ‘This is unthinkable. It’s like we are living in a Third World country,’ said Vicki Escarra, president of Feeding America.”

These numbers don’t take into account the millions more unemployed throughout 2009.

This a national tragedy. But it gets much worse.

12) In 2008, according to the Census Bureau, the number of U.S. citizens without health care grew to a record 46.3 million.

13) Lack of health insurance has caused 45,000 preventable U.S. citizen deaths in the past year. The American Journal of Medicine recently released a study that stated, “Nearly two out of three bankruptcies stem from medical bills, and even people with health insurance face financial disaster if they experience a serious illness.”

Studies report that: 17,000 children have died due to lack of health care; 2,266 U.S. veterans have died in 2008 due to lack of insurance.

The Senate continues to strip meaningful amendments from a health care bill that wouldn’t even take effect until 2013; the health care bill is going to fall far short of meaningful reform and continue to rig the game in favor of large insurance company profits at the expense of the U.S. population. Change is not on the horizon.

The economic hit men have now hit the United States and millions of American citizens are now effectively sentenced to a slow death.

And the clock is ticking…

14) The gun and ammunition manufacturing industry in the United States has over 200 companies producing billions of dollars in annual revenues. This huge manufacturing base cannot fulfill demand quickly enough.

Americans are arming themselves to the teeth!

15) In the past year, 100 new armed militia groups have been formed, as militia members have doubled in numbers. One federal authority recently said, “All it’s lacking is a spark. I think it’s only a matter of time before you see threats and violence.”

So let’s break down these numbers.

You have 50 million people in desperate need of money, have no health insurance and can’t afford to get health care of any kind. They are running out of options fast, and time delayed is time closer to death.

The richest 1 percent have never had it so good.

We are sitting on a powder keg.

Read the rest of the report here.

Denial isn't a river in Africa.

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POLLUTER BORN EVERY MINUTE

September 14, 2009

Coming to America -Triptych

[See also POLLUTER BORN EVERY MINUTE reprise for full post]

TOO DAMNED MANY PEOPLE

WAYS TO REDUCE CARBON FOOTPRINTS:

ACTION: (Measure: Lifetime carbon dioxide saved in Metric Tons. Data from U. S. Environmental Protection Agency’s personal emissions calculator and calculations by OSU statistics professor Paul Murtaugh.  Annual totals based on lifespan of 80 – female expectancy U.S.  Source: Paul Murtaugh).

Recycle newspaper, magazines, glass, plastic, and aluminum cans – 17 tons

Replace old refrigerator with energy-efficient model – 19 tons

Replace 10 incandescent light bulbs with energy-efficient ones – 36 tons

Replace single-glazed windows with energy-efficient windows – 21 tons

Reduce miles driven from 231 to 155 per week – 147 tons

Increase car’s fuel economy from 20 miles per gallon to 30 – 148 tons

REDUCE NUMBER OF CHILDREN BY ONE  – 9,441 tons

Under current conditions, each child in the U.S. adds about 9,4441 metric tons of carbon dioxide to the parents’ carbon legacy during his lifetime.  That’s 5.7 times more than the average childless person.

A child born in China has a fifth of the impact of a child born in the U.S.

The carbon legacy and greenhouse gas impact of having a child is almost 20 times more important than other ecologically minded lifestyle choices like driving a fuel-efficient car, recycling or being energy-efficient.

The same conclusions also roughly apply to fresh water consumption. Fresh water has been and will continue to be cause for international conflict. The amount of fresh water on planet earth is finite and we’re running out.

Many children are born to people who are not ready or willing to raise them.

Many parents are less ecologically responsible out of convenience, e.g. using disposable instead of cloth diapers; buying an SUV instead of a compact (“The family is so much safer.”  Not in the long run, Mom; bad choice for the grand children too, if any).

Abstracted: “Not So Carbon Friendly” Jennifer Anderson, Portland Tribune.  Sound Off – Comment: www.portlandtribune.com

TIME IS SHORT

According to the best science, we’ve got ten years left to take this issue on seriously and save our butts.  It may well be less, no one can accurately predict the rate of decay.  It will take most of us to accomplish any earthly salvation, but if we don’t confront and dispose of our garbage, which includes, but is not limited to: religion; overpopulation; short-term economic self-interest; and our ostrich-like tendency to duck and cover in order to avoid seeing our approaching doom, we’re screwed.

We must stop over consumption, kick capitalism into a servant’s status in our democratic life, and curb the excesses of individual and tribal (read also national) self-interest.  Impossible, you say?  That’s my point: good luck and the spin of prayer is about all we seem willing to invest in our own survival.

Homo sapiens, Man the “wise,” we called ourselves; Homo sapiens sapiens, man the “doubly wise” some scientists call us now.  Yeah, right.  First step: pick up the shovel and find a place to pitch in; there’s a lot of work to do quickly, and it must be done well.  No me-first crap, one for all and all for one.  Meet you in the trenches.

A GOOD Place to Start: Center for Biological Diversity

Slaughtered Dolphins - Japan

Japanese fishermen riding a boat loaded with slaughtered dolphins at a blood-covered water cove in Taiji harbor, Japan’s Wakayama prefecture. US environmentalist Ric O’Barry has filmed dolphin hunting at the town of Taiji as an eco-documentary called “The Cove” which has started screening in the US.(AFP/HO/File)

Published on Friday, September 11, 2009 by Agence France Presse

Japanese Town Starts Dolphin Hunt Under global Spotlight by Kyoko Hasegawa.

TAIJI, Japan – To animal rights activists it’s a cruel and bloody slaughter; for Japanese it’s a long tradition: this week fishermen in a picturesque coastal town embarked on their annual dolphin hunt.  Every year, crews in motorboats here have rounded up about 2,000 of the sea mammals, banged metal poles to herd them into a small, rocky cove and killed them with harpoons, sparing a few dozen for sale to marine aquariums.

http://www.commondreams.org/headline/2009/09/11-4

AMERICAN DUMMIES

September 5, 2009

doodoocaacaapoopoo

 RECENT NEWS FROM THE FRONT:

Published on Thursday, September 3, 2009 by the Associated PressWe Are Heading Towards an Abyss’ U.N. chief tells 150 governments that time running out on climate change.  GENEVA – U.N. chief Ban Ki-moon told a meeting of some 150 governments on Thursday that time is running out for a new climate deal to cut greenhouse gas emissions.

http://www.commondreams.org/headline/2009/09/03

Published on Friday, September 4, 2009 by The Guardian/UK Global Warming Has Made Arctic Summers Hottest for 2,000 Years. The Arctic has warmed as a result of climate change, despite the Earth being farther from the sun during summer months by Ian Sample.  Warming as a result of increased levels of greenhouse gases in the atmosphere has overwhelmed a millennia-long cycle of natural cooling in the Arctic, raising temperatures in the region to their highest for at least 2,000 years, according to a report.

http://www.commondreams.org/headline/2009/09/04-3

Published on Friday, September 4, 2009 by The Guardian/UK Current Economic Growth Model Is ‘Immoral’, Says Prescott. With the world’s population growing to nine million by 2050, Britain’s former deputy PM predicts far more crucial and complex talks in Copenhagen than in Kyoto by Jonathan Watts.  John Prescott, the former UK climate negotiator, called on developed nations today to accept a new model of economic growth that would create a more equitable spread of carbon emissions in the world. Speaking to the Guardian in Beijing, Prescott said talks at Copenhagen would probably not be decided until an 11th-hour crisis, but that no global consensus could be reached without a fairer spread of emissions.

http://www.commondreams.org/headline/2009/09/04-8

Verizon Wireless Faces Ire Over Mountaintop Removal Rally

Currently, Verizon Wireless is cosponsoring a pro-mountaintop-removal, anti-climate, anti-union Labor Day rally — and the Center for Biological Diversity is leading a pressure campaign to compel a quick about-face. Massey Energy’s “Friends of America” rally, to be held atop a former surface mine in West Virginia next Monday, will cheer for the devastating practice of mountaintop-removal coal mining, which blows up mountains and chokes waterways with debris in Appalachian habitat. The rally, organized by coal giant Massey Energy, will guest-star global warming denier Lord Christopher Monckton, and boasts an on-site anti-climate legislation petition to sign. Further, the rally’s Web site homepage shockingly features the company’s CEO on video accusing “environmental extremists” of destroying jobs by opposing mountaintop removal. (Meanwhile, the rally is competing with the nearby 71st annual United Coal Workers of America Labor Day celebration for attendees.)

But thanks to the Center’s immediate leap into action and bold national grassroots campaign, Verizon Wireless may be losing more than a few of its 87 million customers: Thousands of them are asking, Can you hear us now? and pledging to spend their money with their conscience. On August 30, the Center notified Verizon Wireless’ CEO in no uncertain terms that Verizon must withdraw support for the rally and mountaintop removal or we’d have to tell our 225,000 supporters why we left their pro-coal, anti-environmentalist, anti-union company. Now we’ve joined forces with CREDO Action, and in just three days our concerned citizens submitted 69,000 letters and made hundreds of phone calls to Verizon telling it to drop the rally.

Join us in commanding Verizon Wireless to withdraw its sponsorship and read more about our opposition in Advertizing Age. Help submit more than 100,000 letters by Labor Day — join the cause on Facebook, tweet about Verizon, and learn why Grist magazine calls Massey’s CEO “the scariest polluter in America” in this New York Times piece.

CENTER FOR BIOLOGICAL DIVERSITY.

http://www.biologicaldiversity.org/

Tip o' the hat to ALL HAT NO CATTLE: Watching the Cons in Conservatism.

Tip o' the hat to ALL HAT NO CATTLE: Watching the Cons in Conservatism.