Advice on how to survive late capitalism
: "Your life is sold to serve an economy that does not serve your life. You don’t seem to be entertained, Bank-robbin’; your white-hot rage festers. It probably doesn’t help that you live in Brooklyn—this place where in the last ten years rent has spiked 77 percent while real median income has dropped, where the rich (the top 10 percent of earners who, as is well known, control 80 percent of the wealth) and their children live right on top of some of the worst poverty known to this country, while 20 percent of Brooklynites survive somehow below the poverty level, such that the widening income and wealth gap becomes achingly visible here. I could advise you to leave Brooklyn. But I don’t want you to leave Brooklyn."
posted by Snarl Furillo
on Aug 1, 2014 -
NPR reporter John Burnett and investigator Samantha Sunne examine the finances
of Christian TV network Daystar
At NPR's request, the Trinity Foundation, a watchdog group in Dallas that monitors Christian broadcasters, compiled a list of the nation's 30 leading evangelist broadcasters. Twenty-two of them are designated churches, meaning they don't have to report anything to anybody. Of those, two-thirds have churches, while a third of them — including Daystar — hold no regular services.
posted by audi alteram partem
on Apr 2, 2014 -
Obama won Ohio by two points, and Democratic Sen. Sherrod Brown won by five, but Democrats emerged with just four of Ohio’s 16 House seats. In Wisconsin, Obama prevailed by seven points, and Democratic Senate candidate Tammy Baldwin by five, but their party finished with just three of the state’s eight House seats. In Virginia, Obama and Democratic U.S. Senate candidate Tim Kaine were clear victors, but Democrats won just three of the commonwealth’s 11 House seats. In Florida, Obama eked out a victory and Democratic Sen. Bill Nelson won by 13 points, but Democrats will hold only 10 of the Sunshine State’s 27 House seats. The Revenge of 2010
: How gerrymandering saved the congressional Republican majority
, undermined Obama's mandate
, set the terms of the sequestration fight
, and locked Democrats out of the House for the next decade
. It's not a new problem
. But if the Supreme Court guts the Voting Rights Act
, it could get a whole lot worse
. And the electoral college may
. (What's gerrymandering, you ask? Let the animals explain. Meet the Gerry-mander. Peruse the abused. Catch the movie. Or just play the game. Previously.)
posted by Rhaomi
on Nov 14, 2012 -
"Liberals have not always been very good at communicating why liberalism works. There’s many reasons for this, but part of it is that it can be hard to defend the obvious from an absurd and deceptive attack. For half a century you had to be a crank to oppose what Roosevelt accomplished; liberals got out of the habit of arguing for their beliefs.
I hope this page will help. Liberals don’t need to apologize for their vision of how American society should work. Liberalism saved American capitalism and democracy, defeated Naziism, created a prosperous middle class, and benefited every sector of society, from the back streets to Wall Street. " Mefi's own Zompist (previously
) on Why Liberalism Works.
posted by The Whelk
on Sep 30, 2012 -
As internal leaks from the Romney camp suggest a campaign in serious disarray,
and poll-of-polls meta-analyses show him with little time to recover his position before November, Mother Jones has acquired video from a private Romney fundraiser
at which the candidate said of Obama supporters: There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it.
Ezra Klein puts aside the political ramifications
and crunches the numbers
about who does and doesn't pay income tax in America. The Romney camp responds to the leak.
posted by gerryblog
on Sep 17, 2012 -
"Gawker has obtained
a large cache of confidential internal financial documents from more than 20 secretive hedge funds and other investment vehicles in which Mitt Romney has stashed his considerable wealth."
Ongoing attempts to digest and analyze the dense contents are here
posted by mkultra
on Aug 23, 2012 -
...But most of all
, I am emerging from this drama with a renewed appreciation for the value of my taxpayer-supported public services. The Berkeley Fire Department did right by me — not only by saving most of my house from burning to the ground, but also by demonstrating real human kindness and connection in the middle of fire and chaos. In the rubble, I found magic. And in a strange way, I feel like I deserved it. In Berkeley, we are addicted to high taxes — in the 25 years I’ve lived here, I can’t even count how many times I and my fellow citizens have said a resounding yes to yet another tax hike or bond measure. Two weeks ago, I got my money’s worth. [more inside]
posted by latkes
on Jul 13, 2012 -
Congressional Republicans favor
letting the payroll tax increase
at year's end. Jeb Hensarling
claims this is because "not all tax relief is created equal for the purposes of helping to get the economy moving again." However, his logic may
posted by Wyatt
on Aug 21, 2011 -
Poverty may be miserable. But being able to feel a bit better-off than someone else makes it a bit more bearable.
Economists from the National Bureau of Economic Research suggest that people near the bottom end of financial inequity are less likely to be in favour of programs that will help increase their income if those programs will also help those lower on the scale than they are.
...the authors of the new paper argue that people don’t like to be at the bottom. One paradoxical consequence of this “last-place aversion” is that some poor people may be vociferously opposed to the kinds of policies that would actually raise their own income a bit but that might also push those who are poorer than them into comparable or higher positions. The authors ran a series of experiments where students were randomly allotted sums of money, separated by $1, and informed about the “income distribution” that resulted. They were then given another $2, which they could give either to the person directly above or below them in the distribution. The people who were a spot away from the bottom were the most likely to give the money to the person above them..
This may also explain why Warren Buffet's cry to stop coddling the rich (previously
) will continue to fall on deaf ears.
posted by asnider
on Aug 16, 2011 -
Where Federal taxes are raised and spent.
"Some American states receive more in federal spending than they pay in federal taxes; others receive less. Over twenty years these fiscal transfers can add up to a sizeable sum."
A graph of the United States, color-coded to indicate surplus or deficit.
posted by dubold
on Aug 6, 2011 -