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Of the 1%, by the 1%, for the 1%

Of the 1%, by the 1%, for the 1%
It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. Economists long ago tried to justify the vast inequalities that seemed so troubling in the mid-19th century—inequalities that are but a pale shadow of what we are seeing in America today. Some people look at income inequality and shrug their shoulders. First, growing inequality is the flip side of something else: shrinking opportunity. None of this should come as a surprise—it is simply what happens when a society’s wealth distribution becomes lopsided.

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'Karl Rove's IT guru' Mike Connell dies in plane crash 'Karl Rove's IT guru' Mike Connell dies in plane crash UPDATE AT THIS LINK: GOP consultant killed in plane crash was warned of sabotage A top level Republican IT consultant who was set to testify in a case alleging GOP election tampering in Ohio died in a plane crash late Friday night. Michael Connell -- founder of Ohio-based New Media Communications, which created campaign Web sites for George W. Bush and John McCain -- died instantly after his single-prop, private aircraft smashed into a vacant home in suburban Lake Township, Ohio. "The plane was attempting to land around 6 p.m.

How can Scotland cope with China's salmon demands? 10 September 2012Last updated at 19:03 ET By Anne-Marie Bullock Producer, Costing the Earth: Chinese Salmon The Scottish salmon industry had a major boost after China opened its doors to imports - but with the government setting a target to increase salmon production by 50% by 2020, local communities are divided over whether the financial rewards outweigh environmental concerns. "Thousands of people come from all over the world to look at this landscape. Capitalism vs. Democracy Thomas Piketty’s new book, “Capital in the Twenty-First Century,” described by one French newspaper as a “a political and theoretical bulldozer,” defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism. Piketty, a professor at the Paris School of Economics, does not stop there. He contends that capitalism’s inherent dynamic propels powerful forces that threaten democratic societies.

Recommended Reading on Radical Social Work The Social Work Business, John Harris (2003) Routledge, London. Many social workers are uneasy about the transformation of the organisational culture in which they work which has been driven by business thinking. This book puts the concept of the 'bureau-professional' in its historical context, as part of the old democratic-welfare-capitalism. The Drone Makers And Their Friends In Washington Audio Aired 7/5/12 Drone makers are the rising stars in the defense industry.

Cashmere trade threat to snow leopards 23 July 2013Last updated at 13:46 GMT By Melissa Hogenboom Science reporter, BBC News Snow leopards are critically endangered as their natural prey has declined The global demand for cashmere is threatening endangered snow leopards, according to a new report. Domestic cashmere goats in parts of Central Asia have almost tripled in the last 20 years to fuel cashmere demand. The goats are encroaching on the natural habitats of the snow leopard and their natural prey. The authors of the paper, published in Conservation Biology, say that other endangered animals are also at risk. Socially responsible investing Socially responsible investing (SRI), also known as sustainable, socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social good. "Socially responsible investing" is one of several related concepts and approaches that influence and, in some cases govern, how asset managers invest portfolios.[2] The term "socially responsible investing" sometimes narrowly refers to practices that seek to avoid harm by screening companies included in an investment portfolio.[3] However, the term is also used more broadly to include more proactive practices such as impact investing, shareholder advocacy and community investing.[4] According to investor Amy Domini, shareholder advocacy and community investing are pillars of socially responsible investing, while doing only negative screening is inadequate.[5] History[edit] The origins of socially responsible investing may date back to the Religious Society of Friends (Quakers).

Answer: What is Radical Social Work? Radical social work aims to: *support social work that is informed by a class analysis. *support social work that strives to reduce poverty and inequality of income and wealth. *assert that social work aims to improve people's lives not only by helping individuals and families but also by striving for structural change. *challenge the culture of managerialism and develop radical social work theories which give social workers confidence in tackling social problems. 12 Things That The Mainstream Media Is Being Strangely Quiet About Right Now As the mainstream media continues to be obsessed with Anthony Weiner and his bizarre adventures on Twitter, much more serious events are happening around the world that are getting very little attention. In America today, if the mainstream media does not cover something it is almost as if it never happened. Right now, the worst nuclear disaster in human history continues to unfold in Japan , U.S. nuclear facilities are being threatened by flood waters, the U.S. military is bombing Yemen, gigantic cracks in the earth are appearing all over the globe and the largest wildfire in Arizona history is causing immense devastation.

Capital - The rich list: Where the world's wealthiest live Number of UHNW in 2013: 10,675 Change over 2012: -5.1% Total wealth: $1.5tn At first glance, it looks as though China’s UHNW population is declining. While the country’s rich were hurt by poor performing stock markets last year, long-term trends show it could become the second- or third-wealthiest nation in the world in just a couple of years. The vast majority of China’s wealthy are self-made multi-millionaires, said Seibold. Many are in the manufacturing and export industries, but people in the financial services and technology industries are gaining ground as well. For most of the last decade, the country’s gross domestic product grew by double-digits.

Rule by Rentiers Nor is the Federal Reserve riding to the rescue. On Tuesday, Ben Bernanke, the Fed chairman, acknowledged the grimness of the economic picture but indicated that he will do nothing about it. And debt relief for homeowners — which could have done a lot to promote overall economic recovery — has simply dropped off the agenda. The existing program for mortgage relief has been a bust, spending only a tiny fraction of the funds allocated, but there seems to be no interest in revamping and restarting the effort. The situation is similar in Europe, but arguably even worse.

Thomas Piketty's Capital: everything you need to know about the surprise bestseller That capitalism is unfair has been said before. But it is the way Thomas Piketty says it – subtly but with relentless logic – that has sent rightwing economics into a frenzy, both here and in the US. His book, Capital in the Twenty-first Century, has shot to the top of the Amazon bestseller list. Carrying it under your arm has, in certain latitudes of Manhattan, become the newest tool for making a social connection among young progressives. Meanwhile, he is been condemned as neo-Marxist by rightwing commentators.

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