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IRS: Income Gap Greatest Since 1920

Cross posted from The Stars Hollow Gazette

A recent analysis of IRS data on income and wealth in the United States found that the gap  between the richest 1 percent and the rest of America is the widest it’s been since the 1920’s.

The top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back a century.

U.S. income inequality has been growing for almost three decades. But until last year, the top 1 percent’s share of pre-tax income had not yet surpassed the 18.7 percent it reached in 1927, according to an analysis of IRS figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.

One of them, Emmanuel Saez of the University of California, Berkeley, said the incomes of the richest Americans might have surged last year in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.

That soaring stock market means nothing to 99% of Americans, it just proves the rich are getting richer.

According to DSWright at the FDL News Desk, we may rapidly be approaching the bursting of another bubble:

But what’s worse is that the 1% hit a consumption limit – they can only buy so many cars, meals, homes – so the only way they can benefit from their wealth is to invest in financial assets which inflates those assets into bubbles. Then the bubbles pop, and in theory, they should eat the losses. But what we all know, or should know by now, is that the 1% refuses to eat the losses and instead use what is left of their wealth to buy favors in Washington to make them whole at your expense. It is a pretty awful system, especially if you are in the 99%.

And now due to the destruction of the labor movement, wages have frozen and even more income from production is going to the top 1% who are re-inflating the financial markets and having a great time doing so as the corporate profits to wages ratio is massive. This while America continues to have record unemployment and underemployment.

The 99% do not have a seat at the economic table as Washington ignores their needs and bends over backwards to help the 1% campaign contributor class. And when you aren’t at the table you are on the menu.

Freelance writer Sasha Abramsky joined Democracy Now! hosts Amy Goodman and Juan González to discuss his new book “The American Way of Poverty: How the Other Half Still Lives.” and ther reocrd breaking income inequality in the US.



Transcript can be read here

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Syria: Assad “Expect Every Action”

Cross posted from The Stars Hollow Gazette

In a rare interview, Syria’s President Bashir al-Assad sat down with PBS’ Charlie Rose on Sunday in Damascus, Syria.

In an exclusive interview secured by Charlie Rose of PBS, Assad said: “There has been no evidence that I used chemical weapons against my own people.” [..]

Rose said Assad “suggested that there would be, among people that are aligned with him, some kind of retaliation if a strike was made”. Assad, however, “would not even talk about the nature of the response”.

Rose said: “He had a message to the American people that it had not been a good experience for them to get involved in the Middle East in wars and conflicts … that the results had not been good.”

The full interview will be aired on PBS at 9 p.m. EDT Monday. Here are some excerpts that were aired on CBS This Morning.

Syria: UN Resolution for Control of Chemical

Cross posted from The Stars Hollow Gazette

There are at least two resolutions are being presented to the UN Security Council to have an international agency take control of Syria’s stockpile of chemical weapons and their destruction.

The Russian’s have rejected the US/French resolution and called for the US to drop its threats of military force.

American, British and French diplomats were meeting at the UN in New York on Tuesday night to draw up a resolution that would set deadlines for Bashar al-Assad to give up his chemical weapons backed by the threat of force.

However, a major standoff loomed as Russia made clear it would not abandon its Syrian ally. Instead the Russian foreign ministry said Moscow would push for a security council declaration on disarmament, which would have no binding authority and would not allow the use of force against the Assad regime.

The Russian president, Vladimir Putin, insisted the disarmament process would work “only if the US and those who support it on this issue pledge to renounce the use of force, because it is difficult to make any country – Syria or any other country in the world – unilaterally disarm if there is military action against it under consideration”.

Russia proposes to work with the Assad regime and the UN secretariat to lay out a “workable, precise and concrete” disarmament plan with a timetable but no chapter 7 enforcement mechanism.

Syria has accepted the Russian proposal to place the chemical weapons it possesses under international control.

Syrian Foreign Minister Walid al-Moualem earlier announced that Damascus had agreed to the Russian proposal because it would “remove the grounds for American aggression,” according to an Interfax report.

“We held a very fruitful round of talks with Foreign Minister Sergei Lavrov yesterday, and he proposed an initiative relating to chemical weapons. And in the evening we agreed to the Russian initiative,” Walid al-Moualem was quoted as telling the speaker of Russia’s lower house parliament house in Moscow.

It comes as France plans to submit a resolution to the U.N. Security Council calling for Syria’s chemical weapons stockpile to be turned over to international control, Foreign Minister Laurent Fabius said at a press conference in Paris on Tuesday.

Fabius said that the resolution would threaten “extremely serious” consequences if Syria violates conditions on chemical weapons.

The UN Security Council is scheduled to meet ina closed door session today at 4 PM EDT.

Meanwhile, President Barack Obama is preparing to speak this evening to press his policy for the use of military force to a very skeptical American public. In the light of the latest developments, the speech is expected to take a different direction. It does appear from statements from the White House press office that military intervention will still be an integral part of his policy towards Syria.

In the Senate, the vote on the resolution that passed the Senate Foreign Relations Committee last week was rescheduled for Wednesday. That vote, as well, may not happen as a group of senators craft a new resolution tailored to the recent Russian proposal.

All of this is unlikely to stop the fighting or even guarantee that chemical weapons won’t be used against the Syrian civilian population since no one knows who is in possession of these weapons. What we do know is that this is a small step to use diplomacy to back away from increased hostilities.  

On This Day In History September 12

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 12 is the 255th day of the year (256th in leap years) in the Gregorian calendar. There are 110 days remaining until the end of the year.

On this day in 1940, Lascaux cave paintings discovered

Lascaux is the setting of a complex of caves in southwestern France famous for its Paleolithic cave paintings. The original caves are located near the village of Montignac, in the Dordogne département. They contain some of the best-known Upper Paleolithic  art. These paintings are estimated to be 17,000 years old. They primarily consist of primitive images of large animals, most of which are known from fossil evidence to have lived in the area at the time. In 1979, Lascaux was added to the UNESCO World Heritage Sites list along with other prehistoric sites in the Vezere valley.

The cave was discovered on September 12, 1940 by four teenagers, Marcel Ravidat, Jacques Marsal, Georges Agnel, and Simon Coencas, as well as Marcel’s dog, Robot. The cave complex was opened to the public in 1948. By 1955, the carbon dioxide  produced by 1,200 visitors per day had visibly damaged the paintings. The cave was closed to the public in 1963 in order to preserve the art. After the cave was closed, the paintings were restored to their original state, and were monitored on a daily basis. Rooms in the cave include The Great Hall of the Bulls, the Lateral Passage, the Shaft of the Dead Man, the Chamber of Engravings, the Painted Gallery, and the Chamber of Felines.

Lascaux II, a replica of two of the cave halls – the Great Hall of the Bulls and the Painted Gallery – was opened in 1983, 200 meters from the original. Reproductions of other Lascaux artwork can be seen at the Centre of Prehistoric Art at Le Thot, France.

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On This Day In History September 11

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 11 is the 254th day of the year (255th in leap years) in the Gregorian calendar. There are 111 days remaining until the end of the year. It is usually the first day of the Coptic calendar and Ethiopian calendar (in the period AD 1900 to AD 2099).

On this day in 1941, ground is broken for the construction of The Pentagon.

The Pentagon is the headquarters of the United States Department of Defense, located in Arlington County, Virginia. As a symbol of the U.S. military, “the Pentagon” is often used metonymically to refer to the Department of Defense rather than the building itself.

Designed by the American architect George Bergstrom (1876-1955), and built by Philadelphia, Pennsylvania, general contractor John McShain, the building was dedicated on January 15, 1943, after ground was broken for construction on September 11, 1941. General Brehon Somervell provided the major motive power behind the project; Colonel Leslie Groves was responsible for overseeing the project for the Army.

The Pentagon is the world’s largest office building by floor area, with about 6,500,000 sq ft (604,000 m2), of which 3,700,000 sq ft (344,000 m2) are used as offices. Approximately 23,000 military and civilian employees and about 3,000 non-defense support personnel work in the Pentagon. It has five sides, five floors above ground, two basement levels, and five ring corridors per floor with a total of 17.5 mi (28.2 km) of corridors. The Pentagon includes a five-acre (20,000 m2) central plaza, which is shaped like a pentagon and informally known as “ground zero”, a nickname originating during the Cold War and based on the presumption that the Soviet Union would target one or more nuclear missiles at this central location in the outbreak of a nuclear war.

On September 11, 2001, exactly 60 years after the building’s groundbreaking, hijacked American Airlines Flight 77 was crashed into the western side of the Pentagon, killing 189 people, including five hijackers, 59 others aboard the plane, and 125 working in the building.

The Other 9/11: Chilean Coup 40 Years Later

Cross posted from The Stars Hollow Gazette

Forty years ago on September 11, a US backed coup d’état took place in Chile, led by the Chilean Army Commander-in-Chief Augusto Pinochet overthrew the elected socialist President Salvador Allende, ending civilian rule a week before its 48th anniversary. The coup established a military dictatorship with support from the CIA and DIA, that ruled Chile until 1990 that was marked by numerous human rights violations. According to various reports and investigations 1,200-3,200 people were killed, up to 80,000 were interned, and up to 30,000 were tortured by his government including women and children.

Pinochet’s rule ended in 1990 after a 1988 plebiscite led to democratic elections for the Presidency and Congress. Pinochet stepped down from the presidency continuing to serve as Commander-in-Chief of the Chilean Army until 10 March 1998. On 10 October 1998, Pinochet was arrested in London in connection with numerous human rights allegations, but following a legal battle was released and returned to Chile in March 2000. In 2004, Chilean Judge Juan Guzmán Tapia ruled that Pinochet was medically fit to stand trial and placed him under house arrest. By the time of his death on 10 December 2006, about 300 criminal charges were still pending against him in Chile for numerous human rights violations, tax evasion, and embezzlement during his 17-year rule and afterwards.

Pinochet’s arrest in London came as a result of the life long efforts of Spanish attorney Juan Garcés, who was an personal adviser to Allende and was with him on the day of the coup. Garcés left the presidential palace before it was bombed, charged by Allende to tell the world what he had witnessed.

Juan Garcés joined Democracy Now!‘s hosts Amy Goodman and Aaron Maté to discuss his efforts to bring Pinochet to justice.



Transcript can be read here

In Part 2, Peter Kornbluh, author of The Pinochet File: A Declassified Dossier on Atrocity and Accountability, joins the conversation to discuss how US politicians, banks and corporation aided the coup.



Trascript can be read here

In the last segment, the discussion turns to the U.S. role under President Richard Nixon and his national security adviser, Henry Kissinger.

Peter Kornbluh, who spearheaded the effort to declassify more than 20,000 secret documents that revealed the role of the CIA and the White House in the Chilean coup, discusses how Nixon and Kissinger backed the Chilean military’s ouster of Allende and then offered critical support as it committed atrocities to cement its newfound rule. [..]

In 1970, the CIA’s deputy director of plans wrote in a secret memo: “It is firm and continuing policy that Allende be overthrown by a coup. … It is imperative that these actions be implemented clandestinely and securely so that the USG [the U.S. government] and American hand be well hidden.” That same year President Nixon ordered the CIA to “make the economy scream” in Chile to “prevent Allende from coming to power or to unseat him.”



Transcript can be read [here

It appears that the US is still at it.

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Stephen Colbert: Kitten Subway Crisis & NYC Mayoral Race

Adapted from Rant of the Week at The Stars Hollow Gazette

Kitten Subway Crisis & NYC Mayoral Race

NYC mayoral candidate Joe Lhota goes after the key anti-kitten demographic after two lost kittens shut down America’s largest transportation system.

Kittens Stop NYC Subway Service

It only took two kittens to stop the city’s subway in its tracks.

Power was cut to the B and Q lines in Brooklyn for more than an hour after a woman reported Thursday morning that her kittens were loose in the nation’s largest subway system, transit officials said.

The furry felines, one black and the other white with gray stripes, were finally found on the tracks and rescued about seven hours later.

How they got there was a mystery. But they were seen running dangerously close to the high-voltage third rail.

Their owner rushed to a subway station with cat food for transit workers dispatched onto the tracks to use to try to corral them.

Joe Lhota, NYC Mayoral Hopeful, Wouldn’t Stop Trains For Kittens

A former chairman of the Metropolitan Transit Authority and New York City mayoral hopeful says he wouldn’t have stopped the subway because two lost kittens were scrambling along the tracks. [..]

Other mayoral hopefuls tell the paper they would’ve stopped the trains.

Fortunately, there are more cat lovers in NYC than Republican voters.

Syria: The Russian Monkey-wrench in US Plan

Cross posted from The Stars Hollow Gazette

Has Russia thrown a monkey-wrench into the US plan to bomb Syria? At a press conference in London, Secretary of State John Kerry, perhaps facetiously, suggested that if Syrian President Bashir al-Assad turned over Syria’s chemical weapons in a week, he could avoid having the a US  missile strike. Sec. Kerry added that he had no expectation that the Syrian leader would comply.

Sure, he could turn over every single bit of his chemical weapons to the international community in the next week – turn it over, all of it, without delay and allow the full and total accounting.” He immediately dismissed the possibility that Mr. Assad would or could comply, saying: “But he isn’t about to do it, and it can’t be done.”

Oops!

A seemingly offhand suggestion by Secretary of State John Kerry that Syria could avert an American attack by relinquishing all of its chemical weapons received a widespread, almost immediate welcome from Syria, Russia, the United Nations, a key American ally and even some Republicans on Monday as a possible way to avoid a major international military showdown in the Syria crisis. [..]

However, in Moscow, Russia’s foreign minister, Sergey V. Lavrov, who was meeting with Syria’s foreign minister, Walid al-Moallem, said in response that Russia would join any effort to put Syria’s stockpile of chemical weapons under international control and ultimately destroy them.

Mr. Lavrov appeared at a previously unscheduled briefing only hours after Mr. Kerry made his statement in London, seizing on it as a possible compromise.

Meanwhile, back on planer Washington, the White House is ramping up for an the attack by marching out National Security Advisor Susan Rice insisting that Assad must be punished because somehow he is a threat to national security. Of course she offered no proof that it was the Assad government that used the CW and completely ignored the Russian/Syrian offer to put whatever chemical weapons are in the governments possession under international control.

A saner minded Senator Dianne Feinstein, chair of the Senate Intelligence Committee, said she would “welcome” the offer.

“I believe that Russia can be most effective in encouraging the Syrian president to stop any use of chemical weapons and place all his chemical munitions, as well as storage facilities, under United Nations control until they can be destroyed,” Feinstein said in a statement Monday afternoon.

It would be nice to hear the same from the White House.

On This Day In History September 10

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 10 is the 253rd day of the year (254th in leap years) in the Gregorian calendar. There are 112 days remaining until the end of the year

On this day in 1776, Nathan Hale volunteers to spy behind British lines

On this day in 1776, General George Washington asks for a volunteer for an extremely dangerous mission: to gather intelligence behind enemy lines before the coming Battle of Harlem Heights. Captain Nathan Hale of the 19th Regiment of the Continental Army stepped forward and subsequently become one of the first known American spies of the Revolutionary War.

the Battle of Long Island, which led to British victory and the capture of New York City, via a flanking move from Staten Island across Long Island, Hale volunteered on September 8, 1776, to go behind enemy lines and report on British troop movements. He was ferried across on September 12. It was an act of spying that was immediately punishable by death, and posed a great risk to Hale.

An account of Nathan Hale’s capture was written by Consider Tiffany, a Connecticut shopkeeper and Loyalist, and obtained by the Library of Congress. In Tiffany’s account, Major Robert Rogers of the Queen’s Rangers saw Hale in a tavern and recognized him despite his disguise. After luring Hale into betraying himself by pretending to be a patriot himself, Rogers and his Rangers apprehended Hale near Flushing Bay, in Queens, New York. Another story was that his Loyalist cousin, Samuel Hale, was the one who revealed his true identity.

British General William Howe had established his headquarters in the Beekman House in a rural part of Manhattan, on a rise between 50th and 51st Streets between First and Second Avenues Hale reportedly was questioned by Howe, and physical evidence was found on him. Rogers provided information about the case. According to tradition, Hale spent the night in a greenhouse at the mansion. He requested a Bible; his request was denied. Sometime later, he requested a clergyman. Again, the request was denied.

According to the standards of the time, spies were hanged as illegal combatants. On the morning of September 22, 1776, Hale was marched along Post Road to the Park of Artillery, which was next to a public house called the Dove Tavern (at modern day 66th Street and Third Avenue), and hanged. He was 21 years old. Bill Richmond, a 13-year-old former slave and Loyalist who later became famous as an African American boxer in Europe, was reportedly one of the hangmen, “his responsibility being that of fastening the rope to a strong tree branch and securing the knot and noose.”

By all accounts, Hale comported himself eloquently before the hanging. Over the years, there has been some speculation as to whether he specifically uttered the famous line:

I only regret that I have but one life to give for my country.

But may be a revision of:

I am so satisfied with the cause in which I have engaged that my only regret is that I have not more lives than one to offer in its service.

The story of Hale’s famous speech began with John Montresor, a British soldier who witnessed the hanging. Soon after the execution, Montresor spoke with the American officer William Hull about Hale’s death. Later, it was Hull who widely publicized Hale’s use of the phrase. Because Hull was not an eyewitness to Hale’s speech, some historians have questioned the reliability of the account

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