Just 8 men own same wealth as half the world

Oxfam International
1/16/17

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fueling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics.
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They’re all bought and sold: American democracy belongs to the billionaires now

With the lone exception of Bernie Sanders, every candidate is either in bed with Wall Street or super-rich himself Salon.com By Nomi Prins, TomDispatch.com 2/2/16 This piece originally appeared on TomDispatch. Speaking of the need for citizen participation in our national politics in his final State of the Union address, President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.”  Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could … Continue reading

TWO CLINTONS. 41 YEARS. $3 BILLION.

A Washington Post investigation reveals how Bill and Hillary Clinton have methodically cultivated donors over 40 years, from Little Rock to Washington and then across the globe. Their fundraising methods have created a new blueprint for politicians and their donors.

The Washington Post
By Matea Gold, Tom Hamburger and Anu Narayanswamy
11/19/15

Over four decades of public life, Bill and Hillary Clinton have built an unrivaled global network of donors while pioneering fundraising techniques that have transformed modern politics and paved the way for them to potentially become the first husband and wife to win the White House.

The grand total raised for all of their political campaigns and their family’s charitable foundation reaches at least $3 billion, according to a Washington Post investigation.

Their fundraising haul, which began with $178,000 that Bill Clinton raised for his long-shot 1974 congressional bid, is on track to expand substantially with Hillary Clinton’s 2016 White House run, which has already drawn $110 million in support…
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Nov. 14th DEMOCRATIC DEBATE: Middle Class, College Tuition, RX Costs, Wall Street, Redistribution Of Wealth, Minimum Wage, Gun Safety…

By Russ Phillips At the Democratic Debate on November 14, 2015 there was discussion about Wall Street and financial institutions as well as redistribution of wealth and other topics. Some have been included in the partial transcript below. Some may wish to refer to the entire transcript. of the complete debate. Regarding Wall Street reference was made to the Glass-Steagall Banking Act. Other sources pertaining to this: What caused the Great Depression? “Shadow Banking” At Last Night’s Democratic Debate: Are we Paying Attention? Wall Street must work for Main Street … Continue reading

Bernie Sanders on media, Medicare, middle class, Iraq War, Keystone Pipeline…

(Yesterday Chuck Todd, moderator of NBC “Meet the Press,” interviewed, among others, presidential contender Bernie Sanders and the exchange follows. The transcript of the entire program is here. – Admin.) CHUCK TODD: Let me move to the other side of the aisle, the Democratic presidential candidate, number two in the polls these days. Independent Senator from Vermont, Senator Bernie Sanders. Senator, welcome back to Meet the Press. And let me quickly ask you about this Ben Carson stuff, because you have seen some people leak out stuff you wrote 30 … Continue reading

What caused the Great Depression?

By Russ Phillips

“Those who cannot remember the past are condemned to repeat it” (George Santayana) and it appears that many events in history repeat. This cyclical nature of history, in part, suggests the lack of mindfulness of the past and a lack of action to prevent its recurrence.

Two momentous events that can be instructive for the future are The Great Depression (1929-1939) and the Financial Crisis (2007-2008).

Several days ago I posted about the Glass-Steagall Banking Act that was referred to in the October 13, 2015 Democratic Debate as well as by Ben Carson on ABC “This Week” two days ago.

This 2:58 video clip, “What Caused the Great Depression,” appears on the Franklin D. Roosevelt Presidential Library and Museum website as part of its “Virtual Tour.” BTW, this is an excellent website that gives great insight into our nation’s history during the Roosevelt Presidency of twelve years.

The (158) Families Funding the 2016 Presidential Election

The Families Funding the 2016 Presidential Election The New York Times (This link includes several graphics.) By Nicholas Confessore, Sarah Cohen and Karen Yourish 10/10/15 They are overwhelmingly white, rich, older and male, in a nation that is being remade by the young, by women, and by black and brown voters. Across a sprawling country, they reside in an archipelago of wealth, exclusive neighborhoods dotting a handful of cities and towns. And in an economy that has minted billionaires in a dizzying array of industries, most made their fortunes in just … Continue reading