naked capitalism Mon 2010-07-19 16:57 EDT

58% of Real Income Growth Since 1976 Went to Top 1% (and Why That Matters)

...the new program was to reduce workers' bargaining power, both by combating unions, and by tolerating un and underemployment. Rising worker wages had been seen as crucial to greater prosperity; it was quietly abandoned as a policy goal. But this has profound implications. As rising income inequality demonstrates, the benefits of growth accrued substantially to those at the very top...much of America seems blithely unaware of our diminished role in the world. Likewise, financiers, having wrested massive concessions from national governments (bailouts with almost no concessions demanded of them) if anything view themselves as even more influential than before the crisis. In other words, both the distorted self image of key players and a reluctance to admit the deep seated nature of the problems make a happy resolution unlikely.

1976 Went; 58; matter; naked capitalism; real income growth; Top 1.

zero hedge Sun 2009-08-30 15:00 EDT

Was Morgan Stanley Compromised By Project Mayhem?

One of the key headlines these days has been the unmasking of what has been dubbed the biggest identity theft and credit card fraud case in history, allegedly spearheaded by one Albert Gonzalez, who in 2003 was involved in a comparable scheme however upon being caught, promptly became an informant for the Secret Service and turned over 30 of his hacking buddies. Six years later it is he this time who is in the hot seat, together with most of his associates, including one 25 year old Stephen Watt, who supposedly was the creator of the credit card sniffer software used to hack into over 130 million of various credit cards for merchants such as TJX, Dave And Busters and 7-Eleven, which numbers were subsequently sold for hefty sums...

Morgan Stanley Compromised; Project Mayhem; Zero Hedge.

ClubOrlov Wed 2009-08-26 15:35 EDT

Bullets from the Drug War

kollapsnik

The US has lost the "War on Drugs" The losing side is usually not the one to decide when a fight is over or how it ends Unlike other recent defeats, this lost war is a defeat followed by an invasion Mexico is the natural staging area for the invasion (inconvenient though it is for the Mexicans)New franchises are being set up to service the North American drug market (which is the biggest in the world) The CIA has to eat, and all they know how to do competently is run guns and drugs and control thugs; they get a seat at the table The narcs have to eat too, and all they are trained to do is deal (with) drugs; they get a seat at the table tooAs...

bullets; ClubOrlov; Drug War.

Wed 2008-06-11 00:00 EDT

Jesse's Café Américain: What is Really Spooking Wall Street - Policy Change is in the Wind

Jesse's Café Américain: What is Really Spooking Wall Street - Policy Change is in the Wind; Joseph Stiglitz on rethinking growth; Jesse: we have ringside seats to history...times of change and crisis are times of volatility, fresh trends, and opportunity

Jesse's Café Américain; policy changes; Really Spooking Wall Street; wind.