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Adam Zyglis | Trickle Down Economics / media.caglecartoons.com

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How To Know If Your Congressional Representative’s Selling You Out

  • Click for the interactive map to see how your representative voted in Congress on matters of economic inequality.
  • Original: By the Institute for Policy Studies from their "Inequality Report Card" report. Found on Mother Jones.

Edwardo Jackson, Upworthy

This article is made possible with the generous contributions of
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November 5, 2012 | In case you haven’t noticed (I sure haven’t), we’re in the midst of an economic recovery — one where the top 1% has gobbled up 93% of it, according to economist Emmanuel Saez. Here’s a handy little chart to see who the One Percent’s "legal enablers" — aka congressional legislators — truly are. Find your district, help your friends find theirs as well, and rock the vote!

Click for the interactive map to see how your representative voted in Congress on matters of economic inequality, which rates congressional representatives on a range of “most 1% friendly” to “most 99% friendly.” As you can see, Seattle is in good hands (way to go, Jim!).

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The "BS" Austerity Plan Nobody Wants ... and We May Get Anyway, Richard (EJ) Eskow, Nation of Change

The "BS" Austerity Plan Nobody Wants ... and We May Get Anyway

  • Seventy percent of voters polled were either "somewhat" or "highly uncomfortable" with the Simpson Bowles plan when it was released.
  • They may get it anyway.
  • Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy

Richard (EJ) Eskow, Nation of Change

Submitted by Evergreene Digest Contributing Editor Jim Fuller

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November 1, 2012 | Poll after poll has shown that the public rejects the millionaire-oriented, tax-cutting, government-slashing austerity plan known as “Simpson Bowles.” And yet politicians in both parties keep trying to force it through the legislative process under the banner of a “Grand Bargain.” Word is they're going to try again, either during the lame-duck session or when the new Congress convenes in January.

That plan was originally called “Bowles Simpson,” but its well-financed architects soon ran afoul of the “BS” acronym. But “BS” can stand for something else, too: “bait and switch.” That's exactly what they'll be doing if politicians force a “BS” austerity plan on the public after the votes have been counted.

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Related:

Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy, Lynn Stuart Parramore, AlterNet

  • Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.
  • How Bad Things Are
  • Ghost of the New Deal Haunts Democrats' Agenda, but It's Time to Summon FDR
     


 

Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy

  • Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.
  • How Bad Things Are
  • Ghost of the New Deal Haunts Democrats' Agenda, but It's Time to Summon FDR

Lynn Stuart Parramore, AlterNet

This article is made possible with the generous contributions of
all reader supported Evergreene Digest readers like you. Thank you!

October 24, 2012  |  Though there wasn't too much talk of specific politicians last night, the election certainly hung in air as the two most cited economists in the world met on stage in New York City to discuss where the economy is headed.

The event was hosted by the Institute for New Economic Thinking (INET), Shakespeare & Company Booksellers, and the Fashion Institute of Technology, which, as president Joyce F. Brown reminded the audience, is a premier public institution that has suffered from budget cuts in a shaky economy. She stressed that she worries each day about the economic conditions students will face when they graduate.

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Related:

How Bad Things Are, Paul Krugman, Truthdig

  • The following excerpt from Paul Krugman’s book “End This Depression Now!” was published with permission from W.W. Norton & Co.
  • Paul Krugman: Austerity Is So Wrong!

Ghost of the New Deal Haunts Democrats' Agenda, but It's Time to Summon FDR, Richard D Wolff, Truthout

  • Because they developed no effective counterstrategy to affirmatively defend what the business community and the rich assaulted, Democrats lost parts of their electoral base and, thus, strengthened the Republicans. Keeping FDR's achievements away from their 2012 convention marked another step in the Democrats' decline.
  • These Words Of Warning From FDR Still Ring Eerily True Today
  • Why It Matters: Wall Street regulation and reform
     
Section(s): 

Special Report | Why It Matters: Outsourcing

High unemployment rate stokes worries about shipping US jobs overseas

Christopher S. Rugaber, Associated Press / Washington (DC) Post

This article is made possible with the generous contributions of
all reader supported Evergreene Digest readers like you. Thank you!

In this Sept. 12, 2012 file photo, a new Apple iPhone 5 is on display following the introduction of new products in San Francisco. With unemployment painfully high, it’s not surprising that fears over outsourcing, which first surfaced in the mid-2000s, have returned. Unemployment topped 8 percent for 43 months from February 2009 through August 2012, the longest stretch since the Great Depression. It dipped to 7.8 percent in September. Also fueling fears is the decision by Apple and other high-tech companies to manufacture many of their goods in China. That suggests it isn’t just low-skilled jobs in industries such as textiles that are being lost. (AP Photo - Eric Risberg)

October 22, 2012 | U.S. multinational companies have taken advantage of lower trade barriers over the past 15 years to shift jobs and production to lower-wage countries, a practice generally known as outsourcing. That's cut costs for consumers and helped those companies grow, which can support employment in the United States. Still, it has also raised fears that the United States is permanently losing the kind of high-paying manufacturing jobs needed to support a healthy middle class.

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The Wal-Mart 1%, Walmart 1%

  • Rolling back our civil rights
  • The first Walmart strikes EVER
  • Walmart’s Black Friday ultimatum
     
Section(s): 

Plutocracy Rising


 

  • To discuss how the super-rich have willfully confused their self-interest with America’s interest, Bill is joined by Rolling Stone magazine’s Matt Taibbi, who regularly shines his spotlight on scandals involving big business and government, and journalist Chrystia Freeland, author of the new book Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else.
  • Joseph Stiglitz | ‘The American Dream Has Become a Myth’
  • Where Are the US Jobs? Ask the Corporate Cash Hoarders

Bill Moyers, BillMoyers.com

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October 19, 2012 | The One Percent is not only increasing their share of wealth — they’re using it to spread millions among political candidates who serve their interests. Example: Goldman Sachs, which gave more money than any other major American corporation to Barack Obama in 2008, is switching alliances this year; their employees have given $900,000 both to Mitt Romney’s campaign and to the pro-Romney super PAC Restore Our Future. Why? Because, says the Wall Street Journal, the Goldman Sachs gang felt betrayed by President Obama’s modest attempts at financial reform.

To discuss how the super-rich have willfully confused their self-interest with America’s interest, Bill is joined by Rolling Stone magazine’s Matt Taibbi, who regularly shines his spotlight on scandals involving big business and government, and journalist Chrystia Freeland, author of the new book Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else.

Full story (Video and transcript)...

Related:

Joseph Stiglitz | ‘The American Dream Has Become a Myth’, Spiegel On Line

  • The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz. In an interview with Spiegel, he accuses the industry of preying on the poor and buying government policies that help them get richer.
  • Wal-Mart workers on strike; Consumers Should Join Them and Boycott Wal-Mart

Where Are the US Jobs? Ask the Corporate Cash Hoarders, Moira Herbst, Guardian UK

  • The sorry facts are these: job growth is still half of what is needed to keep up with population growth. Meanwhile, more than 14% of the US workforce is unemployed, underemployed or discouraged from looking for work.
  • Corporate tax breaks won't boost the economy. If unemployment is to fall, giant companies must invest in job creation
  • Obama’s Vision versus Economic Reality
  • Mitt Romney on "Freeloaders," Mideast, and Why He's Scared of the Women on 'the View"
  • Paul Krugman | The Optimism Cure
     

Joseph Stiglitz | ‘The American Dream Has Become a Myth’

  • The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz. In an interview with Spiegel, he accuses the industry of preying on the poor and buying government policies that help them get richer.
  • Wal-Mart workers on strike; Consumers Should Join Them and Boycott Wal-Mart

Spiegel On Line

This article is made possible with the generous contributions of
all reader supported Evergreene Digest readers like you. Thank you!

Women pose for photos near a homeless man during New York Fashion week this month. Reuters

 

October 9, 2012 | At Columbia University, which is located just blocks from Harlem in Manhattan’s West Side, wealth and poverty are closer together than they are in many places in New York City. This is where American economist and 2001 Nobel Prize winner Joseph Stiglitz works as a professor. The Gary, Indiana native has spent years examining social inequality. His first personal experience with the issue came when, as a young boy, he asked why his nanny wasn’t caring for her own children. Later, as the World Bank’s chief economist, he studied the phenomenon on a global level. In June, he published a book on the topic entitled “The Price of Inequality: How Today’s Divided Society Endangers Our Future,” which has just been released in German as well. In a SPIEGEL interview, Stiglitz discusses how wealth disparity is dividing America and how Europe can best overcome the euro crisis.

Full story...

Related:

Wal-Mart workers on strike; Consumers Should Join Them and Boycott Wal-Mart, Kevin Zeese, Occupy Washington, DC
Here is a series of articles and pictures about Wal Mart strikes happening in multiple sites across the country.

 

Section(s): 

Special Project | America's Financial Crisis: Week of October 14, 2012

  • “…it seems that our remedies are instinctively those which aggravate the sickness: the remedies are expressions of the sickness itself“. --Thomas Merton
  • 11 New Items including:
    • Ghost of the New Deal Haunts Democrats' Agenda, but It's Time to Summon FDR
    • The Betrayal of America's Middle Class Was a Choice, Not an Accident
    • The Game-changing Implications of Bain v. MERS
    • The Right Wing Shafts Our Veterans
    • Where Are the US Jobs? Ask the Corporate Cash Hoarders,
    • U.S. Income Inequality Worse Now Than In 1774
    • The Mismeasure of All Things
    • Bill Moyers | Chris Hedges on Capitalism's 'Sacrifice Zones'
    • Why It Matters: Wall Street regulation and reform
    • Corporatism is Killing America
    • Poverty Rate Remains Steady While Income Inequality Grows

David Culver, Ed., Evergreene Digest

Chris Britt

Ghost of the New Deal Haunts Democrats' Agenda, but It's Time to Summon FDR, Richard D Wolff, Truthout

  • Because they developed no effective counterstrategy to affirmatively defend what the business community and the rich assaulted, Democrats lost parts of their electoral base and, thus, strengthened the Republicans. Keeping FDR's achievements away from their 2012 convention marked another step in the Democrats' decline.
  • These Words Of Warning From FDR Still Ring Eerily True Today
  • Why It Matters: Wall Street regulation and reform

The Betrayal of America's Middle Class Was a Choice, Not an Accident, Amy B Dean, Truthout

  • The outsourcing of good jobs, the elimination of pensions, rampant home foreclosures; skyrocketing higher education costs and mounting debt: Given these stark realities, the American middle class seems to be sinking fast. The renowned reporting team of Donald Barlett and James Steele insists it is no accident.
  • Corporatism is Killing America

The Game-changing Implications of Bain v. MERS, Ellen Brown, Huffington Post

  • Two landmark developments on Aug. 16 give momentum to the growing interest of cities and counties in addressing the mortgage crisis using eminent domain.
  • Fixing the Mortgage Mess
  • How Wall Street Gutted Our Schools and Cities

The Right Wing Shafts Our Veterans, Robert Borosage, Campaign for America's Future

  • In one final vile act before adjournment for the elections, Senate Republicans used a point of order to block passage of the Veteran’s Jobs Act, which would have provided a modest $1 billion to give work to the more than one in 10 veterans who are unemployed. This is disgraceful politics.
  • Good Jobs First: No Grand Bargain Without A Jobs Trigger
  • Where Are the US Jobs? Ask the Corporate Cash Hoarders

Where Are the US Jobs? Ask the Corporate Cash Hoarders, Moira Herbst, Guardian UK

  • The sorry facts are these: job growth is still half of what is needed to keep up with population growth. Meanwhile, more than 14% of the US workforce is unemployed, underemployed or discouraged from looking for work.
  • Corporate tax breaks won't boost the economy. If unemployment is to fall, giant companies must invest in job creation
  • Obama’s Vision versus Economic Reality
  • Mitt Romney on "Freeloaders," Mideast, and Why He's Scared of the Women on 'the View"
  • Paul Krugman | The Optimism Cure

U.S. Income Inequality Worse Now Than In 1774, Harry Bradford, Huffington Post

  • The American colonies were exceptionally egalitarian, compared to both other nations at the time and the U.S. today. And their data even factors in slavery.
  • Income inequality today is worse even than it was during the Roman Empire
  • Bill Moyers | Chris Hedges on Capitalism's 'Sacrifice Zones'
  • The Mismeasure of All Things

Ken Catalino

The Mismeasure of All Things, Steven Stoll, Orion

  • We're all familiar with Gross Domestic Product, the measure of national income, as a way of framing the success of a nation and its individuals. But Steven Stoll argues that there are better ways to measure--ways that value society's connectedness to nature, instead of asking, "What has this salt marsh done for me lately?"
  • How GDP distorts economic reality
  • Bill Moyers | Chris Hedges on Capitalism's 'Sacrifice Zones'
  • The Collapsing US Economy And The End Of The World

Bill Moyers | Chris Hedges on Capitalism's 'Sacrifice Zones'  Bill Moyers, Moyers and Company

  • There are forgotten corners of this country where Americans are trapped in endless cycles of poverty, powerlessness, and despair as a direct result of capitalistic greed.
  • Chris Hedges and Joe Sacco: drawing America's invisible poor
  • Mitt Romney on "Freeloaders," Mideast, and Why He's Scared of the Women on 'the View"

Why It Matters: Wall Street regulation and reform, Daniel Wagner, Associated Press / Asbury Park (NJ) Press

  • Four years after the financial crisis, the economic recovery remains painfully slow.
  • The debate over banking rules is, at its core, a dispute about how to prevent another economic cataclysm.

Corporatism is Killing America, Rob Kall, OpEdNews

  • They have already killed people. They have already put millions of people, millions of family into havoc, chaos, misery and ruin.
  • How The American University was Killed, in Five Easy Steps
  • Walmart did WHAT now?

Poverty Rate Remains Steady While Income Inequality Grows, Theresa Riley, Bill Moyers & Company
The number of people living in poverty is the highest the Census Bureau has ever recorded, but when will rhetoric give way to results?

 

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