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E.J. Dionne: Does Evidence Matter? A Challenge For American Exceptionalism

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Alan: Many Americans prioritize miraculousness (and other forms of exceptionalism) over evidence. Societies can choose any values they wish, but they need to know that modern, technocratic cultures cannot nourish science denial without catastrophic effect. 

"The Danger Of Science Denial"
TED Talk by Michael Specter

We Know What To Do. 
But Politicians Don't Know How To Get Elected If They Do It

In politics, does evidence matter?

 Opinion writer December 7, 2014
One of the lovely formulations in John F. Kennedy’s inaugural addressexpressed his hope that “a beachhead of cooperation may push back the jungle of suspicion.” Kennedy was talking about the Cold War, but we could use a little of this in the partisan and ideological warfare that engulfs our nation’s capital.
And so let us pause at the beachhead established after the midterm elections by Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.). They have co-sponsored a bill that’s unlikely to get a lot of attention but deserves some — not because it will revolutionize politics but because it could, and should, encourage both sides to begin their arguments by asking the right questions.
Before you sigh, dismiss this as “just another commission,” and turn or click elsewhere, consider what Murray and Ryan are trying to do. Whatever your views, they’re saying, you should want government programs to achieve what they set out to do. And in this age of Big Data, there are more metrics than ever to allow you to have a clear sense of how well they are working.The Murray-Ryan bill would create a 15-member commission to study, as they put it in a joint announcement, “how best to expand the use of data to evaluate the effectiveness of federal programs and tax expenditures.” The commission would also look into “how best to protect the privacy rights of people who interact with federal agencies and ensure confidentiality.”
Also, credit Murray and Ryan for this: They are looking not only at whether programs live up to their billing but also at whether the various tax breaks Congress has enacted — they are worth about $1 trillion a year — bring about the results their sponsors claim they will. If we are ever to reform the tax system, it would be useful to know which deductions, exemptions and credits are worth keeping.
The bipartisan duo — they worked together amicably on budget issues despite large disagreements — are not asking the commission to invent something out of whole cloth. On the contrary, evidence-based social policy is a hot idea at the moment.
Ron Haskins, my Brookings Institution colleague, has just co-authored anew book with Greg Margolis, “Show Me the Evidence.” It’s about what Haskins sees as the “terrific work” of the Obama administration in subjecting some 700 programs to careful testing based on the idea, “If you want the money, show me the evidence.”
Haskins, by the way, is a Republican with whom I’ve engaged in a long-standing (though friendly) argument over welfare reform. His interest here is not partisan but in having both sides pay more attention to what it takes to create “high-quality programs.”
“In politics, evidence is typically used as a weapon — mangled and used selectively in order to claim that it supports a politician’s predetermined position,” Haskins and Margolis write. “That is policy-based evidence, not evidence-based policy.”
The Haskins-Margolis effort comes in the wake of “Moneyball for Government,” a book whose title is a play on Billy Beane’s approach to baseball. Edited by Jim Nussle and Peter Orszag, a pair of former budget directors of opposing parties, the book is part of a campaign by the group Results for America that is also looking to evaluate programs by their results. The basic idea is that government is better off focusing on “outcomes and lives changed, rather than simply compliance and numbers served.”
No one, of course, should pretend that in marinating ourselves in data, we’ll render our philosophical and partisan differences obsolete. The major divide over how much government should do and which problems it should take on will persist. So will disagreements over the extent to which government should push back against rising inequality and the degree of regulation a capitalist economy requires.
But conservatives who care about more than just scoring points against government inefficiencies (both real and invented) should want taxpayer money spent in a sensible way. And progressives have more of an interest than anyone in proving that government can work effectively to solve the problems it sets out to deal with. It’s on those two propositions that Murray and Ryan have found common ground.
Argument is at the heart of democracy, so we shouldn’t fear that we’ll be having a lot of disagreements over the next few years. But dumb arguments are not good for anyone. Insisting that politicians base their claims on facts and evidence ought to be the least we expect of them.
Read more from E.J. Dionne’s archive

Income Inequality Makes It Less Likely The Poor Will Get Married

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During periods when income is distributed less equally, the poor are even less likely to marry than the rich. That's been the case since the first Gilded Age, suggesting that the reluctance to marry among the poor isn't a result of dependence on government welfare or a decline in values. Andrew J. Cherlin in The New York Times.


Unwed births down 15% since Obama took office.

Addendum:

The best treatment for AIDS is a living wage. The psychological toll of poverty makes people more susceptible to developing the disease and encourages the risky behavior that allows the virus to spread. Alejandro Varela in The New Republic.


Orion Spacecraft Reaches 3600 Miles, The Highest NASA Has Flown In Decades

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That's the altitude, in miles, that NASA spacecraft Orion reached before returning to earth on its test flight Friday morning, splashing down precisely on target in the Pacific Ocean west of California. It's the highest any spacecraft has flown in decades. James Dean in USA Today.




Racial Profiling: Coming To A Border Near You

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New guidelines for federal law enforcement will allow border agents to consider race. After a lengthy negotiation between Attorney General Eric Holder, the White House and Secretary Jeh Johnson, the guidelines will not govern the Department of Homeland Security. Ethnicity and race are crucial factors for agents patrolling the border, the administration concluded. The guidelines will be announced in the coming days. Sari Horwitz and Jerry Markon in The Washington Post.

The exception for border agents is a major one. "Federal agents have jurisdiction to enforce immigration laws within 100 miles of the borders, including the coastlines, an area that includes roughly a third of the United States, and nearly two-thirds of its population. Federal agents board buses and Amtrak trains in upstate New York, questioning passengers about their citizenship and detaining people who cannot produce immigration papers. Border Patrol agents also run inland checkpoints looking for illegal immigrants." Matt Apuzzo and Michael S. Schmidt in The New York Times.

Racial profiling can be counterproductive. As Attorney General John Ashcroft noted in 2003, research shows that when law enforcement use race to make judgments, they waste their time on innocent people rather than focusing on real indicators of dangerous behavior. Emily Badger in The Washington Post.

SOMIN: Conservatives must oppose racial profiling. The argument against racial profiling is the same as the argument against affirmative action. Just because you don't know everything there is to know doesn't mean you can use race to fill in the gaps. The Washington Post.


President Bush And His Aides Stand By The Torture Program

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America The Beautiful

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"Morally Repugnant" Torture Report About To Be Released
http://paxonbothhouses.blogspot.com/2014/12/morally-repugnant-torture-report-about.html

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President Bush and his aides stand by the torture program. In a cable interview Sunday, the former president defended the CIA's practices. A Senate report on the program is expected to be released this week. Peter Baker in The New York Times


American policy - particularly as it relates to torture, abuse and civilian casualties - recruits new terrorists better than any other appeal.

Like Hydra, kill one, create two.


"We will be welcomed like liberators."
Dick Cheney

"Must See" Viewing For American Conservatives
Dick Cheney's Rationale For NOT Invading Iraq in 1994
http://paxonbothhouses.blogspot.com/2014/08/cheneys-lucid-1996-rationale-for-not.html



Americans Refuse To Do Hard, Dirty Work... At Any Wage!

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Would You Quit Your Job And Pick Crops For Twice Your Current Salary?"


Why Americans Won't Do Dirty Jobs

Skinning, gutting, and cutting up catfish is not easy or pleasant work. No one knows this better than Randy Rhodes, president of Harvest Select, which has a processing plant in impoverished Uniontown, Ala. For years, Rhodes has had trouble finding Americans willing to grab a knife and stand 10 or more hours a day in a cold, wet room for minimum wage and skimpy benefits.

Most of his employees are Guatemalan. Or they were, until Alabama enacted an immigration law in September that requires police to question people they suspect might be in the U.S. illegally and punish businesses that hire them. The law, known as HB56, is intended to scare off undocumented workers, and in that regard it’s been a success. It’s also driven away legal immigrants who feared being harassed.
Rhodes arrived at work on Sept. 29, the day the law went into effect, to discover many of his employees missing. Panicked, he drove an hour and a half north to Tuscaloosa, where many of the immigrants who worked for him lived. Rhodes, who doesn’t speak Spanish, struggled to get across how much he needed them. He urged his workers to come back. Only a handful did. “We couldn’t explain to them that some of the things they were scared of weren’t going to happen,” Rhodes says. “I wanted them to see that I was their friend, and that we were trying to do the right thing.”
His ex-employees joined an exodus of thousands of immigrant field hands, hotel housekeepers, dishwashers, chicken plant employees, and construction workers who have fled Alabama for other states. Like Rhodes, many employers who lost workers followed federal requirements—some even used the E-Verify system—and only found out their workers were illegal when they disappeared.
In their wake are thousands of vacant positions and hundreds of angry business owners staring at unpicked tomatoes, uncleaned fish, and unmade beds. “Somebody has to figure this out. The immigrants aren’t coming back to Alabama—they’re gone,” Rhodes says. “I have 158 jobs, and I need to give them to somebody.”

There’s no shortage of people he could give those jobs to. In Alabama, some 211,000 people are out of work. In rural Perry County, where Harvest Select is located, the unemployment rate is 18.2 percent, twice the national average. One of the big selling points of the immigration law was that it would free up jobs that Republican Governor Robert Bentley said immigrants had stolen from recession-battered Americans. Yet native Alabamians have not come running to fill these newly liberated positions. Many employers think the law is ludicrous and fought to stop it. Immigrants aren’t stealing anything from anyone, they say. Businesses turned to foreign labor only because they couldn’t find enough Americans to take the work they were offering.
At a moment when the country is relentless focused on unemployment, there are still jobs that often go unfilled. These are difficult, dirty, exhausting jobs that, for previous generations, were the first rickety step on the ladder to prosperity. They still are—just not for Americans.
For decades many of Alabama’s industries have benefited from a compliant foreign workforce and a state government that largely looked the other way on wages, working conditions, and immigration status. With so many foreign workers now effectively banished from the work pool and jobs sitting empty, businesses must contend with American workers who have higher expectations for themselves and their employers—even in a terrible economy where work is hard to find. “I don’t consider this a labor shortage,” says Tom Surtees, Alabama’s director of industrial relations, himself the possessor of a job few would want: calming business owners who have seen their employees vanish. “We’re transitioning from a business model. Whether an employer in agriculture used migrant workers, or whether it’s another industry that used illegal immigrants, they had a business model and that business model is going to have to change.”

On a sunny October afternoon, Juan Castro leans over the back of a pickup truck parked in the middle of a field at Ellen Jenkins’s farm in northern Alabama. He sorts tomatoes rapidly into buckets by color and ripeness. Behind him his crew—his father, his cousin, and some friends—move expertly through the rows of plants that stretch out for acres in all directions, barely looking up as they pull the last tomatoes of the season off the tangled vines and place them in baskets. Since heading into the fields at 7 a.m., they haven’t stopped for more than the few seconds it takes to swig some water. They’ll work until 6 p.m., earning $2 for each 25-pound basket they fill. The men figure they’ll take home around $60 apiece.

Castro, 34, says he crossed the border on foot illegally 19 years ago and has three American-born children. He describes the mood in the fields since the law passed as tense and fearful. Gesturing around him, Castro says that not long ago the fields were filled with Hispanic laborers. Now he and his crew are the only ones left. “Many of our friends left us or got deported,” he says. “The only reason that we can stand it is for our children.”
Dwoskin is a staff writer for Bloomberg Businessweek in Washington. Follow her on Twitter: @lizzadwoskin.

Stoop Labor

10 hours a day, six days a week.

WHITE PEOPLE WILL NOT DO THIS WORK.

White people will not do this work for twice what these guys are getting paid.

Furthermore, after a full week doing "migrant labor" -- and probably after two or three days doing it -- the overwhelming majority of white people will not do this work at any price.

As a people, white Americans are fat and indolent.

As my hard-working illegal Mexican friend puts it:
"The trouble with you gringos is that you don't know how to suffer."

"El Problema Con Los Gringos Es Que No Saben Sufrir," Lino Nunez Huerta

American Conservatives: Watch Cheney's1994 Rationale For NOT Invading Iraq

U.S. Economy Approaches "Escape Velocity"

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With 321,000 new jobs last month, the labor market is returning to strength. "The latest numbers came with nascent signs of wage growth, the result of qualified individuals reentering the workforce, putting pressure on companies to retain their best employees or bid for new applicants." Chico Harlan in The Washington Post.
"Wow, 321k beats the consensus expectation outside the 90% C.I., that can't happen that often." --@squarelyrooted

But America still needs a raise. Given improvements in productivity, wages should be increasing by around 4 percent a year. For some reason, they're not. Matt O'Brien in The Washington Post.

YGLESIAS: It's too early to celebrate. The report contains all kinds of good news, and cheaper oil next year will help the economy, too. That said, there have been a few false dawns in the past six years. Vox.

KRUGMAN: Don't blame Obama for the sluggish recovery. The stimulus was inadequate, and more aggressive spending by Congress would have brought the economy to this point sooner. The New York Times.




When Tim McGraw Discovered Dad's Identity, His Entire Life Trajectory Changed

Still No Authoritative Source On Killings By Police. Obama/Holder Have Not Called For One

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The president also said nothing about gathering data on the use of deadly force.  "To this day, no annual report provides authoritative data on killings by police and the circumstances in which they occur. That’s the kind of truth that the federal government is uniquely equipped to seek, and to tell." The Washington Post.

"Bad Black People." Why Bill O'Reilly Is Wrong Even When He's Right







What American Police Departments Don't Want You To Know: How Many People They Kill

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Eugene Robinson
 Opinion writer December 1, 2014 

Michael Brown’s death was part of a tragic and unacceptable pattern: Police officers in the United States shoot and kill civilians in shockingly high numbers. How many killings are there each year? No one can say for sure, because police departments don’t want us to know.
According to the FBI’s Uniform Crime Report, in 2013 there were 461 “justifiable homicides” by police — defined as “the killing of a felon by a law enforcement officer in the line of duty.” In all but three of these reported killings, officers used firearms.
The true number of fatal police shootings is surely much higher, however, because many law enforcement agencies do not report to the FBI database. Attempts by journalists to compile more complete data by collating local news reports have resulted in estimates as high as 1,000 police killings a year. There is no way to know how many victims, like Brown, were unarmed.
By contrast, there were no fatal police shootings in Great Britain last year. Not one. In Germany, there have been eight police killings over the past two years. In Canada — a country with its own frontier ethos and no great aversion to firearms — police shootings average about a dozen a year.
Liberals and conservatives alike should be outraged at the frequency with which police in this country use deadly force. There is no greater power that we entrust to the state than the license to take life. To put it mildly, misuse of this power is at odds with any notion of limited government.
I realize that the great majority of police officers never fire their weapons in the line of duty. Most cops perform capably and honorably in a stressful, dangerous job; 27 were killed in 2013, according to the FBI. Easy availability of guns means that U.S. police officers — unlike their counterparts in Britain, Japan or other countries where there is appropriate gun control — must keep in mind the possibility that almost any suspect might be packing heat.
Whatever the reason, it is hard to escape the conclusion that police in this country are much too quick to shoot. We’ve seen the heartbreaking results most recently in the fatal shooting of 28-year-old Akai Gurley, an unarmed man who was suspected of no crime, in the stairwell of a Brooklyn housing project, and the killing of 12-year-old Tamir Rice, who was waving a toy gun around a park in Cleveland.But any way you look at it, something is wrong. Perhaps the training given officers is inadequate. Perhaps the procedures they follow are wrong. Perhaps an “us vs. them” mentality estranges some police departments from the communities they are sworn to protect.
Which brings me to the issue of race. USA Today analyzed the FBI’s “justifiable homicide” statistics over several years and found that, of roughly 400 reported police killings annually, an average of 96 involved a white police officer killing a black person.
Two years ago, D. Brian Burghart, the editor and publisher of the Reno (Nev.) News & Review, launched FatalEncounters.org, an ambitious attempt to compile a comprehensive crowd-sourced database of fatal police shootings. Reports of the October 2012 killing of a naked, unarmed COLLEGE student by University of South Alabama police made Burghart wonder how many such shootings there were; the fact that no one knew the answer made him determined to find it.
Burghart recently summed up what he has learned so far: “You know who dies in the most population-dense areas? Black men,” he wrote on Gawker. “You know who dies in the least population-dense areas? Mentally ill men. It’s not to say there aren’t dangerous and desperate criminals killed across the line. But African-Americans and the mentally ill people make up a huge percentage of people killed by police.”
Burghart and others who have attempted to count and analyze police shootings shouldn’t have to do the FBI’s job. All law enforcement agencies should be required to report all uses of deadly force to the bureau, using a standardized format that allows comparisons and analysis. Police departments that have nothing to hide should be eager to cooperate.
A 12-year-old boy said to have been waving a fake semi-automatic pistol in an Ohio playground dies after he was shot by police. (Reuters)
The Obama administration has been laudably aggressive in pressing cities with egregiously high rates of police shootings, such as Albuquerque, to reform. But no one can really get a handle on the problem until we know its true scope.
The Michael Brown case presents issues that go beyond race. An unarmed teenager was shot to death. Whatever his color, that’s just not right.
Read more from Eugene Robinson’s archivefollow him on Twitter orsubscribe to his updates on Facebook. You can also join him Tuesdays at 1 p.m. for a live Q&A.

Loretta Lynch, Nominated To Replace Holder, Will Handle Garner Case For Feds

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Loretta Lynch
Wikipedia
Loretta Lynch, nominated to replace Holder, will handle the Garner case for the feds. In her current position as U.S. attorney for the Eastern District of New York, Lynch will conduct a federal civil-rights investigation into Garner's death after a grand jury declined to indict Officer Daniel Pantaleo. Republicans said they would scrutinize her handling of the case. Carl Hulse in The New York Times

Liberty, License And Christian Delusion

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Jesus does not say one hundredth of the things conservative Christians ascribe to him.

American "Christians" are so benighted -- so persuaded that the Gospels MUST confirm their opinions -- that they live in a tautological trap, having no interest in determining "the facts."
Belief in miracles (and other forms of "Exceptionalism") corrode trust in the statistical foundation of Science, leaving Christian know-nothings with the twisted conviction that Truth is determined by whichever "team" shouts its opinion loudest.

"The Gospels With The Words Of Jesus In Red"
http://paxonbothhouses.blogspot.com/2014/08/the-gospels-with-words-of-jesus-in-red.html


Image Source:
http://s252.photobucket.com/user/madtabby66/media/Religion/political-pictures-becky-fisher-wor.jpg.html


Weird Enuf Fer Ya? News From Barbaria #163

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Richard Cohen's Recommendation For Wall Street Would Be So Effective, It's DOA

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 Opinion writer December 1, 2014 

I know a rich guy who parks wherever he wants — bus stops, hydrants, no-parking zones of all kinds. He gets ticketed, of course, and by the end of the year must pay several thousands of dollars in fines. I could tell you his name, but I’d rather tell you what I prefer to call him: J.P. Morgan. They both operate the same way.
The financial giant JPMorgan Chase has paid out an estimated $70 billion in penalties since 2008. And although the amount is not inconsiderable, nobody has gone to jail, and the firm continues to thrive. In fact, its chief executive, Jamie Dimon, is one of the most respected names on Wall Street. He also makes a nice buck.
JPMorgan Chase also had a cozy relationship with Bernard Madoff, who ran a titanic Ponzi scheme until his arrest in 2008. Under an agreement with the U.S. attorney in New York, the bank admitted that its London office was onto Madoff at least one year before he was arrested. It found his stated returns frankly unbelievable. The New York office, though, stuck with its man. In the end, Madoff cost JPMorgan Chase a $1.7 billion penalty — a relative pittance compared with what he cost others, including charities. The bank vowed never to do anything like that again. Case closed.I choose JPMorgan Chase even though it is my bank and is paying something like 0.05 percent interest. (See, I can’t be bought.) I might have just as easily chosen any other big bank. Citigroup, for instance, joined JPMorgan Chase (and some foreign banks) in paying $4.25 billion in fines for conspiring to manipulate currency markets. The banks then went on their merry ways, their stocks doing just fine, thank you.
Not exactly. These are called “deferred prosecution” agreements, meaning that if the banks don’t behave, the government can come back at them. These agreements are standard, and if you consult the data compiled by the University of Virginia’s Brandon Garrett (author of the well-reviewed “Too Big to Jail”), you will notice the initials DP next to many cases involving errant financial firms. In other words, nobody was convicted of a crime.
Garrett’s title encapsulates the conundrum. Everyone remembers Arthur Andersen, the accounting firm that could not account for how it did not notice that one of its clients, Enron, was a fraud. Andersen, in fact, was convicted of obstruction of justice — later reversed — and the firm collapsed. The big guys were punished, but the firm had 30,000 employees and most of them had nothing to do with Enron. No matter. They were out on the street.
So criminal prosecutions, while immensely satisfying, have their downside. But penalties alone don’t seem to work. In the first place, they are paid not by the miscreants but by the stockholders, many of whom were probably not shareholders when the vile deed was done. In the old days, when most financial firms were partnerships, a penalty could really hurt. But those days are gone. The firms are publicly traded behemoths, both too big to fail and too big to jail. So, what to do?
To answer that question I refer you to Joseph S. Fichera, the chief executive of the financial firm Saber Partners. In a stunning application of common sense, Fichera suggested in a New York Times essay that the Securities and Exchange Commission operate like any state’s motor vehicle department — fines, plus points. This would mean that an infraction would cost the financial firm not only some money but some points as well. At first, the firm would not sweat it. But as the points accumulate and its trading license (like your driver’s license) would be on the line, it would start to slow down, obey all regulations and oversee the corner-cutters because so much would be at stake . The board of directors might even take an interest in how the firm is managed and not just the bottom line.
Like anyone else, I would like to see the occasional Wall Street hanging. But more important, the application — or prospect — of severe penalties via a point system would surely deter unethical behavior. Once those points start to add up, everyone in the firm would be on alert. As it is now, though, the penalties are announced on what seems like a monthly schedule, and the American people are entitled to think the old adage is wrong: Crime does pay. At these interest rates, saving doesn’t.
Read more from Richard Cohen’s archive.

70 Individuals Now Own As Wealth As Half The World

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The Ultra-Rich: Toys and Trophy Wives

Jindal Criticizes The Stupid Party: "Simply protects the rich so they get to keep their toys"
http://paxonbothhouses.blogspot.com/2012/11/bobby-jindal-criticizes-party-that.html

"The Rich Aren't Just Grabbing A Bigger Slice Of The Pie. They're Taking It All"

"Politics And Economics: The 101 Courses You Wish You Had"

"Plutocracy Triumphant"
Cartoon Compendium

"Taibbi: The $9 Billion Whistle Blower At JPMorgan-Chase. Financial Thuggery At The Top"


Money buys what it wants.
Even governments and laws.

Just 70 individuals now own as much wealth as half the world. In the U.S., the richest 40 individuals own as much as half the country,and the 16,000 American households in the top .01% have accumulated an average net worth of over a third of a billion dollars. 
As extreme wealth continues to grow out of control, inequality worsens for the rest of us, plaguing our country and our world, spreading like a terminal form of cancer. It should be a major news item in the mainstream media. But the well-positioned few are either oblivious to or uncaring about its effect on less fortunate people.
The data and charts (citations here) come from Forbes, Credit Suisse, and a recent study by Emmanuel Saez and Gabriel Zucman.
1. Just 70 Individuals Own As Much Wealth As Half the World

Less than a year agoOxfam reported that the richest 85 individuals owned as much wealth as half the world. But recently updated calculations reveal that the richest 70 individuals now own $1.842 trillion, more than the poorest half of the world.
We’re drawing nearer to the fulfillment of Charles Koch’s dream: “I want my fair share and that’s all of it.”
2. Just 40 Americans Own As Much Wealth As Half the United States

About month ago it was 43, and a month before that it was 47. Now therichest 40 Americans (The Forbes 40) own a little over $1.092 trillion, about the same, according to calculations based on Credit Suisse data, as the poorest half of the country.
The national wealth that was created by all of us over many decades is quickly being redistributed to fewer and fewer incomprehensibly rich people.
One of the causes for this pathological transfer of wealth is revealed in the final image..
3. Stock/Equity Wealth of the Richest 12,000 Households Has Surpassed the Housing Wealth of 108,000,000 Households

Just 35 years ago, the percentage of national wealth in middle-class housing (net of mortgages) was about seven times more than the percentage of national wealth in equities owned by the .01% (12,000 families). Now middle-class housing is only about half the value of those equities.
Saez and Zucman report that the total of corporate equities, bonds, and savings deposits owned by the .01% amounted to 2.2 percent of total U.S. household wealth in the mid-1980s, rising to 9.9 percent in 2012. Meanwhile, housing for the bottom 90% dropped from 15 percent of total household wealth to 5-6 percent. Since the bottom 50%, according to the authors, own almost zero wealth, the housing figures pertain to the 50-90% families, which can be described as “middle class.”


A Financial Transaction Tax Is A Good Idea

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"It's Time For A Financial Transaction Tax"
http://paxonbothhouses.blogspot.com/2013/03/its-time-for-financial-transaction-tax.html

"Plutocracy Triumphant"
Cartoon Compendium

"Taibbi: The $9 Billion Whistle Blower At JPMorgan-Chase. Financial Thuggery At The Top"

"The Rich Aren't Just Grabbing A Bigger Slice Of The Pie. They're Taking It All"

"Politics And Economics: The 101 Courses You Wish You Had"


The Insanity of Not Having a Financial Transaction Tax

The logic for the tax is indisputable:

-- 1. Financial industry speculation devastated middle-class homeowner wealth.
-- 2. U.S. investors pay zero tax on their speculative transactions.
-- 3. The tax is easy to implement, and is very successful in other countries.
The emotional appeal reaches most of America:
-- Why should the rest of us pay up to 10% on the necessities of life while risky derivative purchases aren't taxed at all?-- Why should kids around the country lose their arts programs while trillions of dollars flow, untaxed, to Wall Street?
On July 8th, 2013, Chicago Political Economy Group (CPEG) member Bill Barclay and Illinois Green Party Chair Rich Whitney presented arguments for the Financial Transaction Tax (FTT) in front of the Illinois Pension Reform Committee. The video is available here (01:29:40), and the slideshow here. Much of the following derives from their work.
The Tax Works in Countries with the 'Freest' Economies
A good place to start is Singapore. Or Hong Kong or Switzerland. These are three of the top five countries on the Heritage Foundation's Index of Economic Freedom, and they all have FTTs. Critics who might argue that non-FTT taxes are lower in Singapore and Hong Kong should look at World Bank and CIA World Factbook datasets, both of which show the U.S. with lower tax revenues as a percentage of GDP. The U.S. is clearly undertaxed across a wide range of taxes.
Article image
Unimaginable Amounts are being Traded in the U.S., with zero tax
Unfortunately, in our country, discussions about pension reform and education and infrastructure usually lead to talk about further cutbacks, as if that were the only solution. But pension funds and schools lost money because of financial industry malfeasance. And yet the financial industry keeps surging ahead. The 2012 trading volume for the Chicago Mercantile Group (CME) alone was $806 trillion, about 12 times more than the entire world GDP. In 2011 it was over $1,000 trillion -- that's a mind-dizzying $1 quadrillion.
There's no sales tax on all that, just a tiny administrative fee. We've had to look elsewhere for our education funds. As Whitney noted, "Our tax system taxes poverty far more than it taxes wealth."
A Tiny Tax Would Pay the Entire 2013 Federal Education Budget
A bill sponsored by Illinois Representative Mary Flowers would impose a modest .01% tax on CME stock and derivative trades. It would not include transactions involving securities held in retirement or mutual fund accounts. With this little tax, at current trading levels, up to $80 billion would be realized annually. Chicago-area trading alone would pay the entire federal education bill.
It's Easy to Administer -- Especially for One of the Most Profitable Companies in America.
What are the objections? Administrative cost and inconvenience? No, the FTT is easy to administer, and difficult to evade. Clearing houses already review all trades, and serve as collection agencies for transaction fees.
How about the threat of a move to another state or country to avoid new taxes? It's hard to imagine that from the CME Group, made up of the Chicago Mercantile Exchange and the Chicago Board of Trade. From 2008 to 2010 the company had a profit margin higher than any of the top 100 companies in the nation.
Big Revenues, Little Risk
Objections to the FTT seem superficial in light of the two main benefits: (1) The massive revenue potential; and (2) the likelihood of limiting the speculative trading that contributed to the financial meltdown in 2008. Informed Americans are in agreement on this. The tax is simple and effective and fair and long-overdue, and obvious to everyone except the business-friendly members of Congress.


Police Bias Is Complicated And Real

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Image supplied by "Rage Against The Minivan"
a blog by a white female psychology professor with two birth kids and two adopted black kids.

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Bias in policing is complicated, but no less real. There are all kinds of factors that determine how likely police are to stop someone. None of them really explain why cops are so much more likely to stop blacks. Vox.


"Bad Black People." Why Bill O'Reilly Is Wrong Even When He's Right




David Brooks: Ferguson As Much About Class As Race

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BROOKS: Ferguson shows the need to talk about class as much as race. As important as the prejudice of whites toward blacks is the bias of well-off people toward those living, like Brown, on the margins of the economy. Creating a more socially mobile country, with real opportunities for everyone, would go a long way toward bringing the country together and reducing that class prejudice. The New York Times.

"Bad Black People." Why Bill O'Reilly Is Wrong Even When He's Right




Obama's Path To Economic Recovery: Not Perfect But Far Better Than Other Nations

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Alan: Clearly the economic recovery has been lackluster. But when we recall how close the nation - and the world - had come to paralytic global collapse, a collapse that could easily have eclipsed The Great Depression, the following Canadian view is tonic. 

Canadian Letter To Editor: "You Have No Idea How Good Obama Is"

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RAMPELL: The United States beat the financial crisis. Serious mistakes were made, to be sure, and many people are still looking for work. Yet Obama's fiscal stimulus, along with easy monetary policy, has put this country in a much better position than just about any other. The Washington Post.


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