politics

99 versus 1

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I was surprised to get an email from MoveOn.org at around 2:30 AM yesterday which read,

According to multiple reports, police are raiding Occupy Wall Street right now. Occupiers have asked anyone who can go down there and offer support to do so. Please do if you’re able.

It seems that the best home grown NYC tourist attraction since The Naked Cowboy set up shop in Times Square is gone, at least for now. While the protesters are regrouping and figuring out where they go from here (already there was talk that the movement would move to college campuses, because they are friendlier to protest and due to weather reasons), I am sure however that this isn’t the end of the 99 Percent Movement or the fight for an economy that works for everyone.
AFL-CIO President Richard Trumka summed it up pretty well:

But the 99% is undaunted. Occupy Wall Street’s message already has created a new day. This movement has created a seismic shift in our national debate—from austerity and cuts to jobs, inequality and our broken economic system.

Here are some stats for your Turkey Day table when you wind up arguing with your Tea Party loving family member about the validity of the movement:

Considering it’s the state motto of New York, as Stan Lee would say, excelsior!
Stats via Think Progress

politics

Why Pay Attention to WI?

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Why should you pay attention to the hubbub that is happening in Wisconsin right now? Are you frustrated that so many public sector employees currently receive much better benefits than you do Mr. or Ms. Private Sector? Does it strike you as unfair that their future well being is taken care of as they are set to receive relatively generous pensions while you not only will not get a pension when you retire but you aren’t sure if you are even going to have a job next week?
These are valid but misguided feelings. Paul Krugman makes a very compelling argument that we need to pay attention to what our government did in Bagdad in 2003 to truly understand what Gov. Walker is doing in WI right now and why Unions are being unfair demonized. From the article:

The story of the privatization-obsessed Coalition Provisional Authority was the centerpiece of Naomi Klein’s best-selling book “The Shock Doctrine,” which argued that it was part of a broader pattern. From Chile in the 1970s onward, she suggested, “right-wing ideologues have exploited crises to push through an agenda that has nothing to do with resolving those crises, and everything to do with imposing their vision of a harsher, more unequal, less democratic society.”

Klein’s statement rings very true because in all of the oxygen that has been given to the “unions are evil” rants that you’ve heard so much of these days, no one has ever said that if the ultra-rich just paid their fair share in taxes, then we would have more than enough money to pay for our pension commitments. The George W. Bush tax cuts to the rich which were supposed to expire somehow haven’t yet and the great redistribution of wealth from the lower, middle and even upper classes to the upper-upper class, a.k.a the wealthiest of the wealthy, continues unabated since Reagan started this trend back in 1980.
Here is more from the article:

[It is] an attempt to exploit the fiscal crisis to destroy the last major counterweight to the political power of corporations and the wealthy. And the power grab goes beyond union-busting….For example, the bill includes language that would allow officials appointed by the governor to make sweeping cuts in health coverage for low-income families without having to go through the normal legislative process.

Wow. How is the MSM not reporting these facts? It is because somehow the powers that be, the ultra-rich, have been able to turn the masses against each other, distracting them from their real targets, namely the Koch Brothers, the Chamber of Commerce and other all of the other organizations that basically want us to return to an almost jungle-like primal state.
In Leviathan, Thomas Hobbes postulates what life would be like without government, a condition which he calls the state of nature. In that state, each person would have a right, or license, to everything in the world. This, Hobbes argues, would lead to a “war of all against all” (bellum omnium contra omnes) Hobbes’ description contains what has been called one of the most best known passages in English philosophy; which describes the natural state mankind would be in, were it not for political community:

In such condition, there is no place for industry; because the fruit thereof is uncertain: and consequently no culture of the earth; no navigation, nor use of the commodities that may be imported by sea; no commodious building; no instruments of moving, and removing, such things as require much force; no knowledge of the face of the earth; no account of time; no arts; no letters; no society; and which is worst of all, continual fear, and danger of violent death; and the life of man, solitary, poor, nasty, brutish, and short.

I feel that many if not most Republicans, and every single Tea Party person, wants our country to get back to a place where most would have solitary, poor, nasty, brutish and short lives, while the privileged few would be chowing down on cucumber sandwiches all day long.
Post idea via Brian, data via Wikipedia

politics

The True Nature of Our Economy

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The art imitating life imitating art quality of the Onion sometimes just leaves me breathless with the way they nail the absurdity of our lives head on. Their recent post U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion shines a bright spotlight on the man behind the curtain of our ATM. There is nothing backing up our money except our shared belief / delusion that its worth value. Period.

“It’s just an illusion,” a wide-eyed Bernanke added as he removed bills from his wallet and slowly spread them out before him. “Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless.”

By the time you get to the end of the article, you’ll be laughing too hard to want to get a gun and gold and run off into the woods.

politics

The "Dollar Auction" In Iraq

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Economics professors have a standard game they use to demonstrate to their students how apparently rational decisions can create a disastrous result which they call a “dollar auction.” As you read on, keep the whole Iraqi war debacle in mind.
Here is how the “dollar auction” works: a dollar is offered for sale to the highest bidder, with only one wrinkle – the second-highest bidder has to pay up on their losing bid as well.
Initially, almost every student gets sucked in. The first bids a penny, looking to make 99 cents. The second bids 2 cents, the third 3 cents, and so on, each feeling they have a chance at something good on the cheap. The early stages are fun, and the bidders wonder what possessed the professor to be willing to lose some money.
The problem surfaces when the bidders get up close to a dollar. After 99 cents the last vestige of profitability disappears. The highest bidders now realize that they stand to lose no matter what, but that they can still buffer their losses by winning the dollar. They just have to outlast the other player.
If this strategy is followed, the highest bidders usually run the bid up several dollars, turning the apparent shot at easy money into a ghastly battle of spiraling disaster. Just like the war in Iraq. Hmmm. Has anyone in the current administration taken Econ 101?
This isn’t my original thought: Oliver R. Goodenough wrote about the dollar aution in the Rutland Herald, but I liked it so much that I thought I should share it with y’all.
Via Neu

politics

Hillary's Minimum Wage Bill

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I’ve been on vacation but now I’m back. I just sent the following note to the junior Senator from NY:
Dear Senator Clinton:
I’m outraged that Congress has given itself $31,600 in raises in the past nine yearswhile those earning the minimum wage haven’t seen a single increase. I’m sick of Congress leaving working families behind while passing tax breaks for the richest Americans.
It’s time to get Republicans in Congress moving on raising the minimum wage. That’s why I strongly support your bill that ties any more raises for Congress to raises in the minimum wage.
Sincerely,
Jeff Lipson
She introduced a bill that would make sure Congress doesn’t get another raise in their own pay until those making the minimum wage get a raise too. Who knows, maybe someone in NYC will be able to make enough in one hour to not only buy a beer but leave a tip.
If you support this bill, go here and make your voice heard.

ramblings

Entrepreneurship: Jamaican Style

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….and I’m not talking about marijuana either. Hurricane Ivan decimated the island’s power grid and hundreds of thousands of people are still without power. As many of the island’s inhabitants rely on cell phones to communicate, some enterprising souls have turned their cars into mobile money making machines.

The photo below shows a car charging cell phone batteries from its own car battery. The owner of the car is selling this service for $50 a charge – see sign on the windshield.

Yes, I know the sign is sort of illegible but trust me, it was $50. I received this photo from a woman I work with who has family in Jamaica. Her relative brings 4-5 of his neighbors’ cell phones to work with him everyday to charge for free – each week he charges around 20 – 25 phones. Just looking at the photo, I see that there is about $500 – $1000 sitting on that car’s hood.

No matter what the occasion or circumstance, some people will always go out of their way to help and others will find a way to make money. Oh the humanity!