Posts Tagged ‘New York City’

Income Inequality

Tuesday, October 18th, 2011

This morning I was up early reading articles from the NY Times newspaper on-line edition, there is article from The Opinion Page of The Sunday Review by Nicholas D. Kristof that has some pretty good facts stated in the article.

One of the first facts is that by the C.I.A’s own accord and ranking of countries by income inequality The United States of America is more unequal than a country of like Egypt or Iran Israel. There are almost 100 countries with better equality in income distribution than The United States of America.

Really that is pretty darn interesting that a branch of our own government says our income inequality is worst that other countries.

Here are some of the facts that Kristof outlined in his opinion;

Three factoids underscore that inequality:

The 400 wealthiest Americans have a greater combined net worth than the bottom 150 million Americans.

The top 1 percent of Americans possess more wealth than the entire bottom 90 percent.

In the Bush expansion from 2002 to 2007, 65 percent of economic gains went to the richest 1 percent.

Another NY Times reporter Catherine Rampell wrote in an Economix article writing about Bankers’ Salaries vs. Everyone Else’s

The securities salary is an average of $361,330, 5.5 times the average of the private sector, by comparison 30 years ago it was only as twice as much.

A lot of what Occupy Wall Street and the 99% feel is what corporations such as Bank of America have been doing and not just in the last few weeks as common practice.

As of last week Bank of America released/disclosed that they were paying out to two executives who were forced out do to management reshuffling a sum totaling $11 million dollars.

Yet on 18 October 2011 Bank of America reported a 6% jump in third quarter earnings and a 6.2 billion in profit.

How than is it that a company such as Bank of America which post 6.2 billion in third quarter profits, pays 2 executives 11 million dollars starts laying off 30,000 employees?

When is that good business practice?

But this seems to be a more common practice in todays business world.

 

 

Stepping up to the Plate

Thursday, October 13th, 2011

My wife Kim who has been following more of the Good (people of Occupy Wall Street) and the Bad (the police of New York City) and the Ugly (Politicians like Mayor Bloomberg, and others in Washington who are shutting there eyes to this, and yes I do mean you Mr. President) than I have been able to keep up with.

She showed me a great video, some say the most powerful #Occupy Wall Street clip made. I tend to agree the video clip, it first shows Secretary of State Hilary Rodham Clinton and then President Barack Obama in a huge state of

hypocrisy |hiˈpäkrisē| noun ( pl. hypocrisies ) the practice of claiming to have moral standards or beliefs to which one’s own behavior does not conform; pretense.

they are acting

hypocritical |ˌhipəˈkritikəl| adjective behaving in a way that suggests one has higher standards or more noble beliefs than is the case

and have become a

hypocrite |ˈhipəˌkrit| noun a person who indulges in hypocrisy.

Now watch the video

http://www.youtube.com/v/RGRXCgMdz9A?version=3&hl=en_US&rel=0

I for one am calling on both The President Barack Obama and the Secretary of State Hilary Rodham Clinton to act in the same aggressive mannerism that they portray against other countries in denouncing the tactics of the goverment against the people.

People who willingly and peaceably are choosing to lawful assembly to voice the views of the #99 %

I have been more amazed at Washington’s lack of intervention but really not surprised by their actions. Or by their lack of actions and the media lack of coverage. Really where are the news reporters who say the cover the news.

Reporters like Anderson Copper are surprisingly absent from Occupy Wall Street, yet him like so many others talk about topics like Bully it Stops Here. As seen from his blog AC 360 and he will be doing a Town Hall Meeting on Friday 14 October 2011.

Really!! Anderson a town hall meeting, Seriously!! and you are talking about the wrong Bullying.

You need to be addressing NYC Mayor Bloomberg and the NYC Police Department.

You and all of those other so called News Reporters who say that they are keeping them honest and reporting REAL news, need to get you butt down to Wall Street  and report and show REAL news, show what really has been going on by the government and BIG BUSINESS.

I dare you to stand up and be part of the 99%.

To be there tomorrow morning in just 7 hours when Mayor Bloomberg is going to try and forcibly remove the #Occupy Wall Street by cleaning the park. To capture the real stories, the real people.

The Good, the Bad and the Ugly.

According to several articles this is not the first time the Mayor has tried doing this to remove people. I will bet dollars to donuts that after the so-called clean up in the park there will be hundreds of new signs proclaiming dozens of new rules so that they can legally arrest the free citizens of Occupy Wall Street.

Read the article on occupywallst, the NYC Mayor’s office and the NYC Police Department should by all right be taken to and held at Rikers Island. For the crimes that they are committing against the citizens of this country.

They have not and sadly it seems to continue this blatant

blatant |ˈblātnt| adjective (of bad behavior) done openly and unashamedly: blatant lies

completely lacking in subtlety; very obvious

criminal behavior.

Yet their actions are going unquestioned by the Media and the Government, it is time to stand, walk, ride to your nearest Occupy and demand action. Take your cameras, your video equipment and do what this generation like to do best take lots of pictures and videos and post them on every site you can think of. Show the world and your fellow citizens that the 99% has a voice.

 


Content Protected Using Blog Protector By: PcDrome.