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Don midwest
Don midwest

US place to be if you are in the top 10% . 1% = 31%, 2-10% = 39% thus top 10% holds 70% of the wealth.

Let’s dig a bit deeper: The top decile of America holds almost about 70% of the national wealth — 31% is held by the top 1%, while the rest of the top 10% holds about 39%.

And the bottom half’s share? About 1.3%.

Although the wealthy own most of the assets, the less well-off hold a disproportionate share of the liabilities. The top 10% have a relatively modest amount of debt ($633 billion for the top 1%, and the rest of the top 10% has $2.8 trillion). Meanwhile, the bottom 50% has $5.6 trillion in liabilities; the group between the top decile and the bottom half has more than $6 trillion in liabilities. In other words, the bottom 90% has total liabilities of almost $12 trillion.

The conclusion here is that the wealthy own most of the assets, while the less wealthy are stuck with most of the liabilities. Construct the cleverest campaign slogan out of this and you just might become the Democratic nominee for president.

New Inequality Numbers Are a Gift to Campaign Sloganeers
The Fed developed a data set that throws wealth disparities into high relief.

Solution to this problem is to stop collecting and reporting these numbers would be a line for Trump

polarbear4

Don midwest
Don midwest

Michael Hudson, the economist on US Economic Warfare (on the world)

Existential threats he states
1. military involvement around the world
2. climate

how to make the world safe for neo liberal econ but it is destroying the earth and humans

U.S. ideologues view their nation’s coercive military expansion and political subversion and neoliberal economic policy of privatization and financialization as an irreversible victory signaling the End of History. To the rest of the world it is a threat to human survival.

how is it going to work out?

The American promise is that the victory of neoliberalism is the End of History, offering prosperity to the entire world. But beneath the rhetoric of free choice and free markets is the reality of corruption, subversion, coercion, debt peonage and neofeudalism. The reality is the creation and subsidy of polarized economies bifurcated between a privileged rentier class and its clients, their debtors and renters. America is to be permitted to monopolize trade in oil and food grains, and high-technology rent-yielding monopolies, living off its dependent customers. Unlike medieval serfdom, people subject to this End of History scenario can choose to live wherever they want. But wherever they live, they must take on a lifetime of debt to obtain access to a home of their own, and rely on U.S.-sponsored control of their basic needs, money and credit by adhering to U.S. financial planning of their economies. This dystopian scenario confirms Rosa Luxemburg’s recognition that the ultimate choice facing nations in today’s world is between socialism and barbarism

a reasonably long article worth reading as a reminder about THE SECOND NATURE, the economy, which is going to collapse and the supports holding it up through politics are going to be forced into a major retrenchment

funny that I used the word which contains “trench”. Listening to a Great Courses on WW I which had trench warfare leading to deaths of millions. Life in the trenches for many was mud, disease, filth — which is on course to be the fate of the earth.

Michael Hudson: U.S. Economic Warfare and Likely Foreign Defenses

Don midwest
Don midwest

I think it’s safe to say that of all the people in the world who know what a Nazi is, the Germans are at the top of the list. https://t.co/sgPuQZNsa9

— Thom Hartmann (@Thom_Hartmann) July 21, 2019

polarbear4

😂😂😂😂 hope he finds his way home.

WindDancer13

Still trying to figure out what is up with the CBC or why Obama’s presidency didn’t help the vast majority of Blacks?

https://www.youtube.com/watch?v=OcJqjgB4tyQ

Don midwest
Don midwest

what Obama did

The real policy for which Obama will be known is not Obamacare, but bailing out the banks in 2008, helping the world realize that liberal democratic rhetoric was an ornamental cover for a system of concentrated financial & political power. @matthewstoller https://t.co/k0kNcyxwah

— ProMarket (@ProMarket_org) July 21, 2019

here is the article by Matt Stoller – Obama bailed out the banks and trashed the rest of us. He should have let them fail and broken them up

“:And so, the real policy for which Obama will be known is not Obamacare or Dodd-Frank, but bailing out the banks and stabilizing the financial system, presiding over a foreclosure wave, arranging an informal policy of amnesty for white-collar misdeeds, and engaging in lax antitrust enforcement, thus fomenting a massive merger wave. These policies were endorsed by Democrats in Congress and Democratic voters. They were done in good faith, but broke the End of History framework.

Everyone in the world, including leaders in China and citizens in every neighborhood in the United States, could now see that finance was highly political and that liberal democratic rhetoric was really an ornamental cover for a system of concentrated financial and political power. Over the course of the next few years, Tea Party Republicans, Occupy Wall Street, Black Lives Matter, and a host of movements all over the world displayed anger at what they perceived as an unjust system. And Chinese elites, as part of a strong authoritarian central government, learned to doubt the superiority of the Western model of governance, becoming far more assertive. So did big tech companies who, in a permissive legal environment, orchestrated a giant merger wave reminiscent of the one that created US Steel in the late 1890s.

Still, by the end of the Obama administration, it seemed as if the crisis has been handled. Big companies like Google and Facebook, gay-friendly bastions of idealistic progressives, were running the world, and the Hillary Clinton administration, likely with Treasury or Commerce Secretary Sheryl Sandberg, was ready to take over and continue the good work of the Obama era.”

https://promarket.org/how-antimonopoly-was-revitalized-part-2-barack-obama-and-the-end-of-the-end-of-history/

WindDancer13

The video I posted does not deal with the end results or effects of the CBC or Obama’s policies so much as the why’s behind their thinking and actions. I think the effects of Obama’s presidency or the CBC’s silence can be readily seen by those who have their eyes open, but understanding the why is equally if not more important.

Don midwest
Don midwest
polarbear4

polarbear4

polarbear4

btw, Anyone else getting logged off a lot, lately?

Tyrannocaster

Tyrannocaster

Well, since it’s an open thread…here’s one of *my* tunes/videos, the only one I currently have up on my channel that’s actually political. Probably not to anyone’s taste, but I kind of like it, even if a lot of the guitar doesn’t sound like guitar.

magsview

Very interesting sound Tyrannocaster! Thank you for sharing. It doesn’t sound like guitar at all. I’m going to have to play it for musician Mr. Mags-he plays guitar and keyboards and may know how you achieved that sound. Your lyrics sure do ring true.

polarbear4

i got the squad interview but no music. 🤭

polarbear4

wow! kudos!

Tyrannocaster

Talk about ugly reporting!

The controversy over Bernie Sanders’s low-paid field staffers, explained

A moralist gets a taste of his own medicine.

It’s on Vox, by Matt Yglesias. I’m not feeling charitable enough to link to it.

Don midwest
Don midwest

how many years ago did I stop following Matt the hack? could it be going on a decade?

magsview

WindDancer13

Not crazy about the interviewer, but the four congresswomen stood firm on their principles.

WindDancer13

Break time:

Don midwest
Don midwest

reminded of games in harry potter

magsview

Fun! Rugby style? I may have to go back and gather all of these awesome shorts into a folder. They’re too good to lose.

humphrey

humphrey

humphrey

Tyrannocaster

Rocah just went off my list of even-faintly-credible talking heads. Maxwell was already off it. I can handle somebody who disagrees with Bernie, but this is just evil shit. Imagine saying that about Hillary Clinton; you might feel that way, but you’d HAVE to have a reason to criticize her. This is a simple ad hominem attack with a poor attempt to cover up with “Oh, but I just don’t know why I feel that way”. Self awareness is obviously not her strong point.

Tyrannocaster

Rocah has closed her Twitter account to non-followers, LOL. She got a lot of pushback on that “interview”. Turns out she’s worth $5,000,000, married to a white-collar attorney who only plays with the big cases, and one suspects, would face higher taxes if Bernie is successful. THAT’s the part she “couldn’t quite put my finger on”.

wi61

Ah yes

Making
Sure
Negative
Bernie
Coverage
I just cant even tune in to place anymore

jcitybone

https://www.truthdig.com/articles/the-nationwide-crisis-hiding-in-plain-sight/

Some investigative reports reveal such extreme levels of greed, immorality and abuse that they can seem inconceivable. Such is the case of the bombshell series by the Center for Investigative Reporting on the egregious exploitation of residential care home workers. Jennifer Gollan, the Emmy Award-winning journalist in this investigation published by Reveal, joins Truthdig Editor in Chief Robert Scheer to discuss her work on this week’s episode of his podcast “Scheer Intelligence.”

The profit margins can be huge and, for violators of labor laws, hinge on the widespread exploitation of thousands of caretakers, many of them poor immigrants effectively earning $2 to $3.50 an hour to work around the clock. The federal hourly minimum wage is $7.25.

While the investigation mostly focused on California care homes, what Gollan discovered is a nationwide problem hiding in plain sight, “blend[ing] in to neighborhoods. What’s worse is that the proliferation of these homes, made possible through lax regulations is leading people to join what many see as a get-rich-quick scheme by opening and operating an elderly care facility.

“[Operators] know they can suppress workers’ wages, and then take in $4,000 a month from seniors and make up the difference,” the journalist tells Scheer on the latest installment of his podcast. “There are many, many entrepreneurs on YouTube promoting this business in particular as a money-making machine, and a place where you can get into the business, the real estate end of the business, flip a house, make a few adjustments, and care for a bunch of seniors, open a care home and make a lot of money.”

The mistreatment and underpayment of workers, some of whom are undocumented and therefore unable or afraid to report the labor abuses to the authorities, don’t just affect their lives, however. It also leads to conditions where the health and safety of the senior citizens placed in the care of these facilities are neglected. As Scheer points out, this scandal may be indicative of a larger moral issue at play in wider American society.

humphrey

humphrey

humphrey

humphrey

Bernie’s Campaign Manager Faiz Shakir Shuts Down CNN’s Lies About His Electability

humphrey

polarbear4

reposting for the love of love.

humphrey

Thanks. I am glad you reposted as I missed it the first time. Very touching.👍😪

polarbear4

polarbear4

humphrey

Tyrannocaster

Wow, I responded to one of the people (a woman) yelling at Bernie in Nina’s comment thread, saying that I had no problem with policy disagreements but that this was a plain ad hominem attack. She sniped back at me and then blocked me, LOL! These people have really thin skins! And I had just found this fascinating article to post to her about feminists and Bernie, too: https://amp.pastemagazine.com/articles/2017/04/a-feminist-millennial-explains-feminism-to-a-femin.html

WindDancer13

You can still post it. As others will be reading the comments, it is useful to make sure that they are well-informed. Also, if you do not respond, then it makes it look like you gave up which in some peoples’ minds means that you lost. (Okay, yes, I am fond of having the last word in a debate.)

Tyrannocaster

Person looked at my profile and said I was a troll. : – )
(It’s a new account, no followers to speak of, must be a troll, right?) Fine with me. I have a feeling I am a very atypical user of Twitter.

magsview

I’ve been called a Russian bot more than once, lol.

humphrey

polarbear4

Growing into quite the young, activist lady before our eyes! I hope that she and Jane Goodall communicate regularly.

polarbear4

or rather young, activist leader. 😊

polarbear4

Tyrannocaster

I feel awful for the animals in the cities with this heat.

magsview

Bird baths are great, mine brings a lot of activity, birds with their beaks open is their cooling response, that plus the ruffled feathers, especially around their necks. It does make you worry when you see it, their version of “panting”.

humphrey

humphrey

Bernie in Iowa.

jcitybone
polarbear4

I hope he posts here.

Tyrannocaster

I actually went back to DK and read that. The diary is great; the comments make me want to take a shower. Reminds me all over again of why I stopped posting there a decade ago. Gross.

jcitybone

I posited this question in the comments: “Just wondering how the MSNBC hosts would have responded if a male pundit declared that Kamala Harris or Elizabeth Warren made his skin crawl and wondered how young men could support either of them. I can bet it would have been different from their non reaction to Rocah’s comments.”

magsview

Am thinking that you didn’t get many replies.

jcitybone

I’ll fill you in

Here’s a Bernie hater. No crawl but definitely hinks!

It would be no biggie. Donnie Deutsch said that the Dems will lose if they do something stupid like nominate Elizabeth Warren. MSNBC didn’t say a word.

Jesus Christ! Rokah can’t stand Bernie, makes her skin crawl, so the fuck what?! I won’t say that he makes my skin crawl but he hinks me out. I don’t trust him, especially when it comes to ending his campaign if he is not the nominee. IMO he wants a brokered Convention and that he could come out the winner by using his supporters as leverage. He was underhanded enough to complain about Supers all thru the 2016 primary but still he went to ask them to overturn the people’s votes.

So, to sum it up rando woman on TV can’t stand Bernie, lots of people feel the same. Big whoop.

My replies:

Rocah is not a rando woman on tv. She’s an MSNBC legal analyst. And I’m really glad that Bernie only hinks you out rather than makes your skin crawl.

I’m sure Donnie would be much happier if the nominee is Bernie. LOL. In any case, there are plenty of Dems running who I really really really disagree with. But none make my skin crawl (or even give me the hinkies). I reserve my crawling skin (and my hinkies) for Trump, McConnell, Graham, ……………………

A supportive post

“She’s an MSNBC legal analyst.”

This to me is the key point. If Bernie squicks someone out for whatever reason, that’s their prerogative, but as someone who’s on a news network in that kind of capacity, criticisms should be at policy-focused and not personally directed. Even “M4A makes my skin crawl” would have been more appropriate, and I would disapprove just as much if any legal analyst on CNN, MSNBC or even FOX had said something like “Hillary just strikes me as so–so—I can’t put my finger on it—COLD!” back in 2015/16.

One of my favorite pushbacks to Bernie haters is that aren’t we all working for the same thing? I know for some it’s not but they really have no good answer🤣

magsview

This Donny Deutsch?

polarbear4

oh man!!!! esp if it was a Berner. it would have done real damage. i read that mimi supports Warren.

magsview

My condolences. I made that mistake recently too.

Tyrannocaster

Levity, of a sort, anyway. : – )

jcitybone

I’ll double the dogs in this pic. From a family reunion last October in the NE Kingdom in VT (Bernieland!). The three on the left are ours. (Right now, we actually have another “foster” who has been our guest since February.) You will recognize the black pittie (Nico) from my avatar. My cousin’s shepherd looks like he belongs with your two above.

8E3A7EB3-C744-4C35-AC90-186951BD1AD5.jpeg
Tyrannocaster

Yes, nice looking long-haired GSD! I’m really a big fan of all dogs, but herding dogs are my thing.

jcitybone

Me too. I’m a pittie fan, but I love them all— and kitties too!

jcitybone

From tonight up in the Catskills: Billy with the tongue is a Black Mouth Cur. In the book Old Yeller, that was his breed. The movie featured a yellow lab mix. Given the climax, I have never seen either all the way through.

15C9B812-7C97-4803-97C5-2A1AB7F3E351.jpeg
7E686A46-9DFF-4AF5-826C-FDC738902161.jpeg
magsview

If that’s a “Cur” how in the world did the word cur become a derogatory word??? Billy! Those are some happy and gorgeous pups!

p.s. pet pics always welcome as far as I’m concerned.

Did you hear about the new research?

Stroking a cat or dog for just 10 minutes can significantly reduce stress

Stroking a cat or dog for just 10 minutes can significantly reduce stress according to the latest research.

Scientists studied nearly 250 students in the first experiment of its kind to look at real interactions.

Some colleges in the US already have ‘Pet Your Stress Away’ programmes where students can stroke animals to alleviate their anxiety.

It was known this boosted their mood but until now there was no real research into the physiological effects of doing so.

The team from Washington State University found that there were huge reductions in the stress hormone cortisol from just 10 minutes interaction.

Patricia Pendry, an associate professor in WSU’s Department of Human Development said: “Students in our study that interacted with cats and dogs had a significant reduction in cortisol, a major stress hormone.

Just 10 minutes can have a significant impact.”

https://www.thelondoneconomic.com/lifestyle/health/stroking-a-cat-or-dog-for-just-10-minutes-can-significantly-reduce-stress/19/07/

That’s why I thank anyone who lets me stroke their dogs for the ‘doggie therapy’, just a couple of minutes totally changes me mood for the better! (I’m allergic to cats though, unfortunately, but do get to play catch with SIL’s cat who plunks her favorite cord at your feet so you’ll throw it, then she runs and fetches it back to you, lol. That lowers my stress too.)

polarbear4

sweeeet!

magsview

LOL

humphrey

humphrey

polarbear4

polarbear4

at least they’re coming right out and saying it.

magsview

Looks like we need a little antidote from what I’ve been seeing!

jcitybone

What a cutie!

magsview

magsview

humphrey

magsview

magsview

Rossello has resigned as party president, but not as Governor, a kind of non-resignation resignation.

Puerto Rico: Ricardo Rosselló resigns as party president over text messages

Puerto Rico’s embattled governor Ricardo Rosselló has announced that he will resign as president of the ruling New Progressive party and will not contest next year’s gubernatorial election, but has stopped short of resigning as governor of the US territory.

The announcement, made via Facebook live, follows 10 days of mass protests over a text message scandal that prompted senior members of his own party and representatives in Washington to withdraw their support.

“A large portion of the population is unhappy and I recognize it,” Rosselló said during the announcement. “I’ve heard you … Today I have the responsibility to direct my strengths to try to find alternatives so that with God we may be able to move forward.”

The priority must be the people of Puerto Rico, therefore all my time must be destined to fulfil all the responsibilities I hold as governor,” he added

His insistence on staying on as governor until 2020 is not likely to satisfy protesters, who have demanded his resignation since early last week. More protesters had assembled outside the residence on Sunday as Rosselló delivered his address.

https://www.theguardian.com/world/2019/jul/21/puerto-rico-governor-ricardo-rossello-resigns-protests

magsview

This sounds encouraging.

For the Third Time in Less Than Three Months, the BLM Recognizes It Violated Law, Pulls Back Oil and Gas Leasing Decisions

Approximately 57,000 acres of remote, wild, and culturally significant public lands
temporarily spared from oil and gas development

Salt Lake City (July 18, 2019): For the third time in less than three months, the Bureau of Land Management (BLM) has reluctantly recognized that its rushed “lease first, think later” mentality to oil and gas leasing and development under the Trump administration violated the law.

In a recent court filing, the BLM told a federal district court judge that the agency plans to revisit its decision to sell thirty-six oil and gas leases and open up approximately 57,000 acres of public lands near Bears Ears, Canyons of the Ancients, and Hovenweep National Monuments in Utah for development.

The BLM’s decision is in response to litigation filed by the Southern Utah Wilderness Alliance (SUWA) challenging the BLM’s March 2018 and December 2018 oil and gas lease sales in southeast Utah’s Monticello field office (more information here). The BLM is pulling back its leasing decisions because the agency has recognized that it failed to fully analyze the greenhouse gas emissions and climate change impacts of those decisions in determining whether leasing is appropriate in the first instance.

Notably, the three recent decisions by the BLM to pullback oil and gas leases are not isolated events. All of the agency’s leasing decisions in Utah over the past two years suffer from the same legal flaws that forced BLM to set-aside its leasing decisions in these instances. In other words, the agency will likely be forced to pullback hundreds of thousands of acres of additional oil and gas leases across Utah that it unlawfully offered and sold for development.
“The BLM will be forced to pull back all of these leasing decisions,” said Landon Newell, Staff Attorney with the Southern Utah Wilderness Alliance. “Each decision suffers from the same legal flaws. The BLM made this bed; now it has to lie in it.”

https://suwa.org/for-the-third-time-in-less-than-three-months-the-blm-recognizes-it-violated-law-pulls-back-oil-and-gas-leasing-decisions/?fbclid=IwAR1dCn-EiBG2gGoFGIgtQzgxhhT6FHwp7k1ANgkcfWv16CZStn_vAoyuxGQ

magsview

pic from Jonathan Bailey

Utah.jpg
polarbear4

Go SUWA.

humphrey

It is likely the same over here.

humphrey

humphrey

humphrey

humphrey

humphrey

humphrey

polarbear4

humphrey

To tell you the truth. I would rather have Bernie + Nina or Bernie + Tulsi. Let Warren push all her plans in the Senate.

polarbear4

i would, too! nina first, then tulsi, then liz. rt do not equal endorsement. 😜

but I do want people to start thinking about what we’re going to do if Warren continues to rise in the polls and Bernie too, we have to merge their votes somehow.

humphrey

humphrey

humphrey

polarbear4

❤️🦜🦜😂

humphrey

Sorry! I just couldn’t let this one pass.😁😜

Aint Supposed to Die A Natural Death
Aint Supposed to Die A Natural Death

Lololol

Tyrannocaster

EEEWWW

humphrey

humphrey

magsview

I hope she thinks twice before uttering her next slur.

polarbear4

humphrey

humphrey

Time to call it a night.😪

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