Richard Wolff: Detroit a "Spectacular Failure" of System that Redistributes Pay from Bottom to Top

http://www.democracynow.org/2013/7/25/richard_wolff_detroit_a_spectacular_failure

From the site:

Kicking off a series of speeches about the economy, President Obama told a crowd in Illinois on Wednesday that reversing growing inequality and rejuvenating the middle class "has to be Washington’s highest priority." During his remarks, Obama failed to mention the bankruptcy filing by Detroit, where thousands of public workers are now fighting to protect their pensions and medical benefits as the city threatens massive cuts to overcome an estimated $18 billion in debt. Detroit’s bankruptcy "is an example of a failed economic system," says economist Richard Wolff, professor emeritus of economics at University of Massachusetts. "There are so many other cities in Detroit’s situation, that if the courts decide that it is legal to take away the pension that has been promised to and paid for by these workers, you have [legalized] theft. It is class war, redistributing income from the bottom to the top."

The Great Gerrymander of 2012

http://www.nytimes.com/2013/02/03/opinion/sunday/the-great-gerrymander-of-2012.html?pagewanted=all

From the site:

HAVING the first modern democracy comes with bugs. Normally we would expect more seats in Congress to go to the political party that receives more votes, but the last election confounded expectations. Democrats received 1.4 million more votes for the House of Representatives, yet Republicans won control of the House by a 234 to 201 margin. This is only the second such reversal since World War II.

North Carolina Passes the Country's Worst Voter Suppression Law

http://www.thenation.com/blogs/ari-berman#

From the site:

I’ve been in Texas this week researching the history of the Voting Rights Act at the LBJ Library. As I’ve been studying how the landmark civil rights law transformed American democracy, I’ve also been closely following how Republicans in North Carolina—parts of which were originally covered by the VRA in 1965—have made a mockery of the law and its prohibition on voting discrimination.

Late last night, the North Carolina legislature passed the country’s worst voter suppression law after only three days of debate. Rick Hasen of Election Law Blog called it “the most sweeping anti-voter law in at least decades” The bill mandates strict voter ID to cast a ballot (no student IDs, no public employee IDs, etc.), even though 318,000 registered voters lack the narrow forms of acceptable ID according to the state’s own numbers and there have been no recorded prosecutions of voter impersonation in the past decade. The bill cuts the number of early voting days by a week, even though 56 percent of North Carolinians voted early in 2012. The bill eliminates same-day voter registration during the early voting period, even though 96,000 people used it during the general election in 2012 and states that have adopted the convenient reform have the highest voter turnout in the country. African-Americans are 23 percent of registered voters in the state, but made up 28 percent of early voters in 2012, 33 percent of those who used same-day registration and 34 percent of those without state-issued ID.

With Voting Rights Act in Shambles, North Carolina Kicks Voter Suppression Into High Gear

http://truth-out.org/news/item/17780-with-voting-rights-act-in-shambles-north-carolina-kicks-voter-suppression-into-high-gear

From the site:

North Carolina Republicans have introduced a major overhaul of the state's election system, adding dozens of amendments to a voter ID bill that will authorize voter vigilantes, end election day registration, cut early voting, make it harder to register, and even create loony protections against "zombie voters."

Bernie Sanders says Walmart heirs own more wealth than bottom 40 percent of Americans

http://www.politifact.com/truth-o-meter/statements/2012/jul/31/bernie-s/sanders-says-walmart-heirs-own-more-wealth-bottom-/

From the site:

Sanders tweeted that "the Walton family of Walmart own more wealth than the bottom 40 percent of America."

The statistic correctly compares the combined net worth of the bottom 41.5 percent of American families with the six Walton family members. We think the additional points -- that many people with a negative net worth are not necessarily poor and that percentages about wealth distribution can be deceiving -- are important and interesting. Nevertheless, Sanders’ claim is solid. We rate it True.

New Study: The Wealthy are more Unethical

http://www.economicpopulist.org/content/new-study-wealthy-are-more-unethical

From the site:

Economics correspondent Paul Solman reports on other new research from the University of California, Berkeley collaborating this, and the impact of wealth on people’s behavior in a new 10-minute video from PBS (posted at YouTube)

This might help explain why some people like Wal-Mart's Christy Walton can rake in $1.2 million a day in unearned income with stock dividends, while at the same time, refusing to pay her employees a living wage in earned hourly income --- costing the taxpayers $6,000 per employee in government entitlements (aka "wage subsidies"). It seems that some of these people just can't help themselves...they're mentally ill!

You can’t deny global warming after seeing this graph

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/09/you-cant-deny-global-warming-after-seeing-this-graph/?wpisrc=nl_wnkpm

From the site:

Nine of the 10 warmest years on record have occurred since 1998. But forget individual years. That data is noisy. A single year can see its temperatures rocket for reasons having little to do with climate change.