| |
 |
Thursday, June 14, 2007 |
AlterNet: "A bloated overclass can drag down a society as surely as a swelling underclass. A great deal of the wealth at the top is built on the low-wage labor of the poor.
In Sunday's New York Times magazine we learn that Larry Summers, the centrist Democratic economist and former Harvard president, is now obsessed with the statistic that, since 1979, the share of pretax income going to the top 1 percent of American households has risen by 7 percentage points, to 16 percent. At the same time, the share of income going to the bottom 80 percent has fallen by 7 percentage points.
As the Times puts it: 'It's as if every household in that bottom 80 percent is writing a check for $7,000 every year and sending it to the top 1 percent.'
... the huge concentration of wealth at the top is routinely used to tilt the political process in favor of the wealthy."
In the Netherlands the wages of top managers go up 10 to 30% each year. Greed doesn't know any boundaries. The rich thrive on the low wages of the poor and middle classes.
11:12:32 AM 
|
|
Guardian: "The highest ranking UN official in Israel has warned that American pressure has 'pummelled into submission' the UN's role as an impartial Middle East negotiator in a damning confidential report.
The 53-page 'End of Mission Report' by Alvaro de Soto, the UN's Middle East envoy, obtained by the Guardian, presents a devastating account of failed diplomacy and condemns the sweeping boycott of the Palestinian government."
11:03:38 AM
|
|
CrooksandLiars: "Jon Stewart recaps President Bush's whirlwind trip to Europe, including his rock star reception in Albania where he was 'greeted as a liberator'."
Whether Bush's watch was stolen in Albania or Bush himself removed it for fear of it being stolen remains unclear, but calling the pope 'sir' several times reminds me of the Fonz, he changes for no man!
10:57:30 AM
|
|
© Copyright 2007 Hetty Litjens.
|
|
|
|
|
