In the 2011 Congressional Budget Office (CBO) study “Trends in the Distribution of Household Income Between 1979 and 2007,” the CBO documents that for the 1% of the population, average real after-tax household income grew by 275 percent over a period of 28 years.
Saturday, August 10, 2013
The Hoarding Class Crashed the Economy and Now Refuse to Re-Invest In Recovery
Source: sourcewatch.org & additional info from prwatch.org
Today, the Center for Media and Democracy (CMD) released a new report: "ALEC at 40: Turning Back the Clock on Prosperity and Progress." The report identifies and analyzes 466 American Legislative Exchange Council (ALEC) bills introduced in 2013.
This week, ALEC celebrates its 40th anniversary in Chicago. At this meeting -- as in all ALEC meetings -- lobbyists from U.S. and foreign corporations will vote as equals alongside state legislators to adopt ALEC "model" bills, which then will be distributed nationwide with little or no disclosure of their ALEC roots.
In 2013, ALEC is going to new lengths to hide its lobbying of legislators from the public eye. It has taken to stamping all its documents as exempt from state public records laws, dodging open records with a "dropbox" website, and other tricks. After Watergate, many states strengthened their laws regarding open meetings and open records, but real sunshine on government is anathema to ALEC.
Wednesday, August 7, 2013
Signs of new climate 'normal' apparent in hot 2012
http://reut.rs/145v2FlMeant to be a guide for policymakers, the report did not attribute the changes in climate to any one factor, but made note of continued increases in heat-trapping greenhouse gases including carbon dioxide, methane and nitrous oxide.
President Obama gives Jay Leno new car for collection
“There’s one piece that’s missing,” Obama said, unveiling a Matchbox-size replica of the presidential limousine, complete with flying flags above the headlights.