Wealth Inequality In America — Youtube Link
The following video provides a visual representation of the vast wealth inequality in the United States. Several key points have been highlighted below.
1) The top 1% of Americans hold 40% of all the nation’s wealth, while the bottom 80% of Americans hold only 7% of the nation’s wealth.
2) The ‘Middle Class’ is hardly distinguishable in its own right from the poorest Americans.
3) The richest 1% take home 24% of all income earned in the United States. In 1976, the richest 1% took home only 9% of all income. Their share of income has nearly tripled in the last thirty years.
4) The richest 1% hold half of all stocks, bonds, and mutual funds, while the bottom 50% only hold .5% (half a percent) of...
China’s Economy Besieged by Buildup of Unsold Goods – NYTimes.com.
After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge buildup of unsold goods that is cluttering shop floors, clogging car dealerships and filling factory warehouses.
The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.
China is the world’s second-largest economy and has been the largest engine of economic growth since the global financial crisis began in 2008. Economic weakness means that China is likely to buy fewer goods and services from...
U.S. Food Waste at 40 Percent – The Daily Beast.
Americans have a global reputation for eating astounding amounts of food. Now it looks like consumers in the U.S. can add to that stereotype an equally embarrassing reputation for throwing out their food. According to a new report from the Natural Resources Defense Council, Americans throw out nearly every other bite of food. That adds up to 40 percent of the country’s annual supply, and a total of $165 billion of uneaten provisions. That’s a sharp 50 percent jump from the 1970s, and 10 times more than consumers in Southeast Asia.
NeilS — Clearly this is a lot of wasted food. Hopefully we can soon figure out a way to harness this waste in some useful way. For example, food processors that take waste and turn it into...
‘Magic Mushrooms’ Return to Psychology Labs – Bloomberg.
Cancer survivor Lauri Reamer lived in constant dread that her disease would return, until she took a psychedelic drug in a Johns Hopkins University study.
The 48-year mother of three was given psilocybin, the main ingredient in the “magic mushrooms” of the 1960s, as a remedy to ease anxiety. She spent most of her first “trip” crying, then emerged from the next with less anxiety, better sleep and happier relations with family and friends, she...
US road accident casualties: every one mapped across America | News | guardian.co.uk.
There have been a staggering number of deaths on the roads in the United States:
369,629 people died on America’s roads between 2001 and 2009. Following its analysis of UK casualties last week, transport data mapping experts ITO World have taken the official data from the National Highway Traffic Safety Administration – and produced this powerful map using OpenStreetMap.
BryanF- I do not know what to do with this information but I...
Just a few ways the E-PARASITE Act could disfigure the Internet – Yahoo! News.
Over the last few months, the federal government has started to combat online piracy by trying to add additional regulation to the DMCA. In the Senate, a bill called the Protect-IP Act has been introduced. The problems with this bill have been extensively reported on.
Now, the House has submitted their version of this bill, which has come to be called, E-PARASITE.
The House of Representatives introduces it as an act that will “promote prosperity,...
Mississippi Voters Reject ‘Personhood’ Ballot to Ban Abortion – Businessweek.
Mississippi voters rejected a ballot initiative that would have made the state the first in the U.S. to ban abortion by declaring that life begins at conception.
The so-called personhood bid lost yesterday by a margin of about 58 percent to 42 percent, with 84 percent of precincts reporting, according to the Associated Press. The amendment to the state constitution would have redefined the term “person” to include “every human being from the...
Energy Department: World CO2 Emissions Rising Faster Than Ever | Mother Jones.
New figures released by the Department of Energy show that the world is emitting carbon dioxide at a rate much faster than scientists had predicted. Global CO2 emissions reached 10 billion tons in 2010, the Oak Ridge National Lab reports, about 564 million tons or 6 percent more than emitted in 2009. It’s the biggest annual jump ever recorded thus far
The new figure also means CO2 is now being emitted at a rate higher than the figure the...
The six natural resources most drained by our 7 billion people
With 7 billion people on the planet there will be an inevitable increase in the demand on the world’s natural resources. Here are six already under severe pressure from current rates of consumption:
Freshwater only makes 2.5% of the total volume of the world’s water, which is about 35 million km3. But considering 70% of that freshwater is in the form of ice and permanent snow cover and that we only have access to 200,000km3 of freshwater overall, it...
With 7 Billion People, World Has a Poop Problem | Population 7 Billion | Sanitation, Sewage & Health | Toilets, Latrines & Outhouses | LiveScience.
The 7 billionth person on Earth will draw his or her first breath on Oct. 31, at least according to estimates by the United Nations.
It might seem a reasonable question to ask how humanity will deal with this output of feces as the world’s population creeps toward 10 billion by 2100. But that question presumes we have the poop problem under control now. Here’s the bad...
The Path Not Taken
Financial markets are cheering the deal that emerged from Brussels early Thursday morning. Indeed, relative to what could have happened — an acrimonious failure to agree on anything — the fact that European leaders agreed on something, however vague the details and however inadequate it may prove, is a positive development. But it’s worth stepping back to look at the larger picture, namely the abject failure of an economic doctrine.
The doctrine in question amounts to the assertion that, in the aftermath of a...
CBO study shows growing income disparity – Oct. 26, 2011.
From 1979 to 2007, average household income for the nation’s top 1% more than tripled, while middle-class incomes grew by less than 40%, according to a new report from a research arm of Congress.
“Over the past three decades, the distribution of income in the United States has become increasingly dispersed — in particular, the share of income accruing to high-income households has increased, whereas the share accruing to other households has...
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