Showing posts with label Business Insider. Show all posts
Showing posts with label Business Insider. Show all posts
Saturday, October 22, 2016
BUSINESS-INSIDER PROJECTS CLINTON INSIDER
Business insider has Clinton with 278 votes already in the bank. Trump at 181. Their final projections is 322 to 187. Notice how low the project Trump to gain.
Friday, October 3, 2014
A Must Read
++Andrew Sullivan has been musing over our latest foray into the Middle East morass and provides on a daily basis the variety of reports and opinions on the escapade. The Dish is a must daily read to gauge where we are going and how disappointed Andrew Sullivan is with President Obama going there.
++The Business insider has multiple reports on a daily basis on the military aspects of our Syria-Iraq operation.
++The Daily Beast has on a daily basis why President Obama is wrong from a neoconservative view.
++But if there is one article to read in the past week , it is in today's Washington Post. Andrew Bacevich's "Even if we defeat the Islamic State, we'll still lose the bigger war". As Iraq War III morphs into Greater Middle East Battlefield XIV, Bacevich reminds us of al our past blunders and all the Muslim countries we have invaded, destabilized, and conducted regime change and how they are became failed states that present perpetual problems.
++Bacevich also argues that our current energy environment actually means that we could reduce our footprint in the area. But as he writes, no one in Washington is considering such a thing. He commends President Obama for learning the lessons of occupation but he leaves it to the next President to learn that drones and bombing fail also.
++The Business insider has multiple reports on a daily basis on the military aspects of our Syria-Iraq operation.
++The Daily Beast has on a daily basis why President Obama is wrong from a neoconservative view.
++But if there is one article to read in the past week , it is in today's Washington Post. Andrew Bacevich's "Even if we defeat the Islamic State, we'll still lose the bigger war". As Iraq War III morphs into Greater Middle East Battlefield XIV, Bacevich reminds us of al our past blunders and all the Muslim countries we have invaded, destabilized, and conducted regime change and how they are became failed states that present perpetual problems.
++Bacevich also argues that our current energy environment actually means that we could reduce our footprint in the area. But as he writes, no one in Washington is considering such a thing. He commends President Obama for learning the lessons of occupation but he leaves it to the next President to learn that drones and bombing fail also.
Tuesday, July 27, 2010
The Vanishing Middle Class
The success of President Obama's presidential campaign turned on his focus on how the middle class had lost ground over the past decade. Unlike his competitors--both Hillary Clinton and John McCain--he hammered on this theme until even Bill Clinton complained on the campaign trail about Obama's criticism of his Administration's failure to bolster the middle class. Since taking office, he created the Middle Class Task Force led by Joe Biden and has repeatedly stressed the benefits of his policy initiatives for the dwindling middle class. Linked to this sitaution is the entropy of the union movement, which only represents 6% of private sector employees. As President Obama said," without a strong union movement, we can not have a vigorous middle class." And I might add--a strong democracy.
In the current economic climate, the middle class is actually vanishing and unless drastic steps are taken to reverse the trend, it may die all together. Bernie Sanders in speaking out against extending the moratorium on the estate tax or "death tax" if you are a Republican, charged that supporters of the idea wanted to 'kill the middle class and create an oligarchy." Unfortunately, there is a lot of truth to this as the American workers are now being melded into the global labor pool, which will require them to accept lower wages and only sporadic employment.
Michael Snyder at Business Insider lists 22 facts about how the middle class is dying in America and there are pretty ugly. Since these have been posted on the internet the last week, it's worth repeating them before the posts vanish in the blogosphere.
83% of all stocks are held by the top richest 1% of Americans.
61% of all Americans live paycheck to paycheck. This is up from 49% in 2008 and up from 43% from 2006.
66% of all income growth went to the top 1%.
36% of Americans do not contribute anything to retirement savings plans.
43% of Americans have less than 10K saved for retirement.
24% of Americans have postponed retirement in the last year.
1.4 million Americans have filed for bankruptcy in 2009; 32% above filings in 2008.
Only the top 5% of households since 1975 have earned enough to match the rise in housing costs.
This is the first time in American history that banks owned a greater share of residential housing's net worth than all Americans put together.
In 1950, the ratio of executives' pay to workers was 30-1. Since 2000 alone, the ratio has exploded to 300-500 to 1.
The bottom 50% of all income earners collectively own less than 1% of the country's wealth.
In 2007, the bottom 80% of all households held about 7% of all financial liquid assets.
Wall Street bonuses for 2009 were up 17% compared to 2008.
The average Federal worker now earns 60% more than the average worker in the private sector.
The top 1% own nearly 2 times as much of America's corporate wealth as they did 15 years ago.
The top 10% earn about 50% of our nation's income.
Between 2000 and 2007, productivity rose 20%, yet the average workers' income fell by $2,000.
40% of Americans now work in low-paying service jobs.
40 million Americans are now on food stamps and that is estimated to rise to 43 million in 2011.
The number of millionaires rose 16% to 7.8 million in 2009.
21% of all children are now living below the poverty line in 2010, the highest in 20 years.
The average time now that it takes to find a job has risen to 35.2 weeks.
If you are over 45, your best bet is to be self-employed since employers now seek younger employees.
Basically, no one has been minding the store and all the stock disappeared and all the customers vanished. To begin to reverse this death spiral, the basic fundamentals of the economy must change and given the current obstructionism on the Hill it's hard to see any major initiatives coming forth in the next two years. What Obama is achieving now is through stealth measures sprinkled throughout legislation, which will sow the seeds of future growth but are not apparent to the public.
Maybe this is the Vanishing America John Boehner is speaking about. I don't think he's connected the dots.
In the current economic climate, the middle class is actually vanishing and unless drastic steps are taken to reverse the trend, it may die all together. Bernie Sanders in speaking out against extending the moratorium on the estate tax or "death tax" if you are a Republican, charged that supporters of the idea wanted to 'kill the middle class and create an oligarchy." Unfortunately, there is a lot of truth to this as the American workers are now being melded into the global labor pool, which will require them to accept lower wages and only sporadic employment.
Michael Snyder at Business Insider lists 22 facts about how the middle class is dying in America and there are pretty ugly. Since these have been posted on the internet the last week, it's worth repeating them before the posts vanish in the blogosphere.
83% of all stocks are held by the top richest 1% of Americans.
61% of all Americans live paycheck to paycheck. This is up from 49% in 2008 and up from 43% from 2006.
66% of all income growth went to the top 1%.
36% of Americans do not contribute anything to retirement savings plans.
43% of Americans have less than 10K saved for retirement.
24% of Americans have postponed retirement in the last year.
1.4 million Americans have filed for bankruptcy in 2009; 32% above filings in 2008.
Only the top 5% of households since 1975 have earned enough to match the rise in housing costs.
This is the first time in American history that banks owned a greater share of residential housing's net worth than all Americans put together.
In 1950, the ratio of executives' pay to workers was 30-1. Since 2000 alone, the ratio has exploded to 300-500 to 1.
The bottom 50% of all income earners collectively own less than 1% of the country's wealth.
In 2007, the bottom 80% of all households held about 7% of all financial liquid assets.
Wall Street bonuses for 2009 were up 17% compared to 2008.
The average Federal worker now earns 60% more than the average worker in the private sector.
The top 1% own nearly 2 times as much of America's corporate wealth as they did 15 years ago.
The top 10% earn about 50% of our nation's income.
Between 2000 and 2007, productivity rose 20%, yet the average workers' income fell by $2,000.
40% of Americans now work in low-paying service jobs.
40 million Americans are now on food stamps and that is estimated to rise to 43 million in 2011.
The number of millionaires rose 16% to 7.8 million in 2009.
21% of all children are now living below the poverty line in 2010, the highest in 20 years.
The average time now that it takes to find a job has risen to 35.2 weeks.
If you are over 45, your best bet is to be self-employed since employers now seek younger employees.
Basically, no one has been minding the store and all the stock disappeared and all the customers vanished. To begin to reverse this death spiral, the basic fundamentals of the economy must change and given the current obstructionism on the Hill it's hard to see any major initiatives coming forth in the next two years. What Obama is achieving now is through stealth measures sprinkled throughout legislation, which will sow the seeds of future growth but are not apparent to the public.
Maybe this is the Vanishing America John Boehner is speaking about. I don't think he's connected the dots.
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