Archive for category Occupy Wall Street
There should be a global pay cap.
No man is worth a $1,000,000 salary!
I don’t care who he is, what he does, how long he was at university, how much money he saves or makes for a company, no man is worth a $1,000,000 salary, nor additional bonuses and expenses.
To pay any man more than this is an obscene slap in the face to the people who work for a living, the people who make it possible for these overpaid CEOs, bankers, stockbrokers, shareholders and politicians to earn their money. Any man earning more than this is a traitor to humanity, a slaver; any man found to be earning more than that should be tried for treason and hung, no appeals, no clemency.
Public ‘want top pay reined in
Few people believe that top bosses should be paid more than £1m a year, according to a survey.
The ICM poll of 2,000 adults also found two-thirds wanted wider representation from staff on remuneration committees.
It was commissioned by the High Pay Centre, an independent pressure group which monitors executive pay.
The findings come as Royal Bank of Scotland chief executive Stephen Hester faces continuing pressure to turn down a bonus of £1m in shares.
Sir Philip Hampton, who is chairman of the mainly publicly-owned bank, has given up a £1.4m shares reward he was due in February.
The poll found just 7% of respondents supported pay above £1m a year and 70% were in favour of “binding powers” for shareholders to block pay packages for top executives.
Deborah Hargreaves of the High Pay Centre called for changes to restore trust in business.
“Top executive pay and the behaviour of business are issues at the heart of the current public debate about how we rebuild our economy,” she said.
“Our polling shows the public do not believe executives, even of the biggest companies, should be awarded multi-million-pound pay packages.
“It is time for boardrooms to wake up to what is fair and act now to rebuild public trust.”
She called for “bold action” to end the disparity between what top executives and average workers earned.
The poll, from a random sample of 2,003 adults, also revealed that only 1% of respondents said senior bosses were worth the £4m currently earned at the very top.
Ms Hargreaves added: “The public are squarely behind the case for reform. People want to see rewards based on fairness.
Source: BBC News Read more
I am certain the 1% mentioned above, were or had relatives in that pay bracket.
But one thing for sure, is that more and more people are becoming dissatisfied with things they way they are.
That is why we have Occupy Wall Street, the people are not happy!
Things will change, and when they do it will be bloody and violent.
I am NOT American; and for that I am thankful.
Given that I am not American my knowledge of the American political arena is superficial, maybe a little deeper than just superficial. But that is not to say I haven’t made some observations along the way as the system gears up for the elections.
Notably, of course, is the current round of caucuses for a nominee to challenge the incumbent Obama. Of the six candidates, five aren’t worth considering. And how the hell Mitt Romney got to where he is after Iowa and NH will remain for me a mystery.
There is only one candidate who is challenging the status quo. It is this status quo that has got America so close to being covered in shit that to continue is catastrophic.
Therefore any vote that does not seriously challenge the way things are is a vote for the inevitable.
Now, I am not saying that the Democraps are the flavour of the day either; but the Repugnicans are just as bloody dangerous, both parties will ensure the total collapse of America.
The American people have got to see through the façade of both parties, they are tarred with the same brush, their ideals are the same, they are both hell bent on the ruination of the country to benefit their masters.
The government does not run the country.
That is a myth.
Both parties sold out to the corporations years ago. The fact that the USA is a democracy is a farce, it’s a joke; the whole world can see it but the American people can’t. The American people have been led to the chopping block like Thanksgiving turkeys fed and fattened on American Idol instead of corn.
The corporations have no conscience, they are raping and plundering the country beyond redemption.
CEOs earning $XXX million dollars, NO MAN is worth that amount of money. The money and bonuses paid to these bastards is OBSCENE! It is an insult to intelligent people.
The only hope that America might be salvaged is to rid the system of both parties, a complete purge. Any person who votes for either party is a domestic terrorist, a traitor to the nation. The answer, at least the minimal hope that America has is the Independent candidates not affiliated to the corporations. They are the only hope of ridding the country of the cancerous scourge that currently purports to be the government.
Occupy Wall Street was a great idea. It was the voice of the people who wanted to be heard. It was the voice of people who were prepared to stand up and say “This is wrong!”
But the myopic apathetic “American Dreamers” have let them down.
Occupy Wall Street was America’s chance, but you blew it!
If you are thinking on becoming an Independent, you are not alone…
The American independent: A voter on the rise
Independent voters are at an all-time high in the US. But who are they?
This week, the Gallup organisation reported that more Americans identify as “independent” than ever before, and now well outnumber their Republican and Democratic counterparts.
Forty percent of Americans defined themselves as independent voters, compared to 27% who said they were Republicans and 31% who said they were Democrats, according to Gallup.
In the New Hampshire primary almost half the voters identified as independent, buoying support for the eventual second-placed candidate, Ron Paul.
The rise of independent voters speaks to the electorate’s increasing frustration with the current political climate. But it is also a particularly American phenomenon based on centuries of political and social narrative.
“Independent” is more than a political label indicating [someone who is] not identified as a Democrat or Republican, says Nancy Rosenblum, professor of government at Harvard, in an email to the BBC. “It broadcasts wholesale anti-partisanship.”
In that sense, calling oneself “Independent” is as much about declaring an identity as rejecting one.
Source: BBC News Read more
Mainstream Media Lies: 23 Things That Are Not What They Seem To Be On Television
Most Americans believe the lie that the mainstream media is “fair and balanced” and is looking out for the interests of average Americans. Well, that simply is not true. Those in the mainstream media serve those that are providing them with paychecks. The reality is that just 6 gigantic corporations collectively own most of the major mainstream media outlets in this country. Reporters are simply not going to be allowed to report stories that are severely damaging to those corporations or to the owners of those corporations. In addition, reporters are simply not going to be allowed to report stories that are severely damaging to those that spend millions of dollars on advertising (such as pharmaceutical companies) on those mainstream media outlets. At this point, our “news” is absolutely packed with propaganda. Way too often, things are not what they seem to be on television. The mainstream media lies, lies and then lies some more. They give us the version of “reality” that their owners want us to have.
The following are 23 things that are not what they seem to be on television….
The Lie: Mitt Romney won Iowa.
The Truth: Mitt Romney may not have won Iowa. The following report of a documented vote discrepancy comes from KCCI….
True said at his 53-person caucus at the Garrett Memorial Library, Romney received two votes. According to the Iowa Republican Party’s website, True’s precinct cast 22 votes for Romney.
So how many other “vote discrepancies” were there in Iowa? Was this just a “coincidence” or did someone do this on purpose?
The Lie: Barack Obama will be much different from George W. Bush and will actually protect our civil liberties.
The Truth: Under Barack Obama we have lost even more of our civil liberties than we did under George W. Bush. Barack Obama recently signed a new law that gives the U.S. military the power to arrest U.S. citizens on American soil, detain them indefinitely and ship them off to Guantanamo Bay for endless “interrogation” sessions.
The Lie: SOPA is all about cracking down on international sellers of counterfeit goods.
The Truth: SOPA is all about censoring the Internet and cracking down on websites that the federal government does not like.
The Lie: The U.S. unemployment rate is now at 8.5% and will continue to fall as the U.S. economy recovers.
The Truth: If the number of Americans considered to be “looking for work” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would about 11 percent, and the U.S. middle class continues to be systematically destroyed right in front of our eyes.
The Lie: The debt crisis in Europe has been stabilized and the euro is going to be just fine.
The Truth: The debt crisis in Europe continues to get worse and the euro is dropping like a rock.
The Lie: The U.S. stock market is in great shape and is poised to soar to new heights in 2012.
The Truth: Investors are pulling money out of stocks at an alarming rate. In fact, as CNBC recently noted, investors have pulled more money out of mutual funds than they have put into mutual funds for 9 weeks in a row. A lot of people out there expect that something really bad is going to happen very soon….
Investors yanked money out of U.S. equity mutual funds for a ninth-consecutive week despite a bullish 2012 outlook from Wall Street and a December rally that’s carried over into the New Year.
The Lie: There are no plans to replace the U.S. dollar as the global reserve currency.
The Truth: Top financial authorities all over the world have been developing plans for a new global currency for a long time. The following comes from a CNN article….
The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.
The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.
The Lie: There is not a municipal bond crisis in America.
The Truth: There is a growing municipal bond crisis in America. Over the last several months a whole host of municipal bonds have been downgraded. Just today, Moody’s downgraded Illinois government debt from A2 to A.
The Lie: Chicago is a safe place to live.
The Truth: 14 people were shot across the Chicago area on Thursday alone.
The Lie: Federal employees are not overpaid.
The Truth: The federal government is advertising for an “invitations coordinator” that will make between $53,500 and $102,900 per year.
The Lie: The old-fashioned incandescent light bulbs are bad for the environment and it is a good thing that the federal government is requiring that they be phased out.
The Truth: The new CFL light bulbs are filled with mercury, they are an environmental nightmare and they are incredibly toxic and dangerous if they are broken.
The Lie: The U.S. education system is producing a huge crop of really sharp students who are prepared to be the leaders of tomorrow.
The Truth: The U.S. education system is a complete and total joke. It is producing millions of students that are not prepared to face the real world at all. The following is a short excerpt from a recent article by Mac Slavo that many of you will find illuminating….
The Lie: Specific social and political agendas are not promoted in U.S. public schools.
The Truth: According to CNSNews.com, a new California law makes it mandatory for all public school children to be taught the “role and contributions” that “lesbian, gay, bisexual, and transgender Americans” have played in the “development of California and the United States of America.”
The Lie: We have to send our troops overseas to fight the terrorists “over there” or else they will come and fight us over here.
The Truth: Dozens of jihadist training camps are operating inside the United States right now and the federal government could not care less. The following is from a recent WorldNetDaily article about a jihadist organization that is operating 35 training camps on U.S. soil right now….
The Lie: Our politicians know exactly what they are doing and they have a plan for getting U.S. debt under control.
The Truth: When Ronald Reagan took office, the U.S. national debt was less than 1 trillion dollars. Today, the U.S. national debt is over 15.2 trillion dollars. In spite of all this, the American people keep sending the same big spenders back to Washington D.C. over and over and over.
The Lie: The Obama administration is enforcing our immigration laws.
The Truth: The Obama administration has instituted “backdoor amnesty” for illegal immigrants and even plans to provide them with work permits.
The Lie: The number of earthquakes is not increasing.
The Truth: The number of earthquakes is increasing dramatically. As the “Ring of Fire” continues to wake up the next few years could be very, very interesting.
The Lie: The nuclear crisis at Fukushima is under control and things are getting back to normal.
The Truth: Large areas around Fukushima will be uninhabitable for the indefinite future. Back in April, I published an article entitled “Much Of Northern Japan Uninhabitable Due To Nuclear Radiation?” At the time, almost everyone in the mainstream media was insisting that Fukushima was nothing like Chernobyl and that those that lived near Fukushima would be able to return to their homes fairly soon.
The Lie: Fluoride is good for our teeth and we should put huge amounts of it into our drinking water.
The Truth: Fluoride is a very toxic sedative and can be very harmful to the teeth. Incredibly, even the federal government is finally admitting that high levels of fluoride in our drinking water can be harmful. In fact, the feds have reduced the “recommended amount” of fluoride in our drinking water for the first time in 50 years.
We probably won’t see them ban fluoride any time soon, but for them to even acknowledge a problem with fluoride is a major step. In a recent article on CNN, it was reported that the federal government is now saying that high levels of fluoride in the water have now officially been linked with fluorosis….
The Department of Health and Human Services and Environmental Protection Agency are proposing the change because of an increase in fluorosis — a condition that causes spotting and streaking on children’s teeth.
Source: The American Dream read more
These are just the bare facts, the in between data has been edited; and these aren’t all. You want to read the full story with links to support the data read The American Dream, you’ll be shocked at the abhorrent lapses of the mainstream media, simply telling you what they want you to know by omitting facts, distorting facts or simply lying about the facts.
All this misinformation is designed to lead you to believe that everything in America is just fine, ducky and jim-dandy and that there is no need to worry your little heads about anything.
Well, it’s not!
America and the American economy is one of the sickest on the planet, and so far the government and the corporations have managed to hide that fact from most of the people by lying through their teeth.
The American Dream never was, it was just a rosy little picture to keep the people (99%) happy and ignorant while the country has been plundered by the 1%
Why do you think Occupy Wall Street exists? The people are waking up from the dream. Are you going to sleep on?
Do you remember this?
Obama promised “Change!”
Well, he delivered…
He changed this,
And you got this:
So, stop bitching, you got the change that he promised.
by Matt Taibbi
“It seems America’s bankers are tired of all the abuse. They’ve decided to speak out. True, they’re doing it from behind the ropeline, in front of friendly crowds at industry conferences and country clubs, meaning they don’t have to look the rest of America in the eye when they call us all imbeciles and complain that they shouldn’t have to apologize for being so successful. But while they haven’t yet deigned to talk to protesting America face to face, they are willing to scribble out some complaints on notes and send them downstairs on silver trays. Courtesy of a remarkable story by Max Abelson at Bloomberg, we now get to hear some of those choice comments.
Home Depot co-founder Bernard Marcus, for instance, is not worried about OWS: “Who gives a crap about some imbecile?” Marcus said. “Are you kidding me?”
Former New York gurbernatorial candidate Tom Golisano, the billionaire owner of the billing firm Paychex, offered his wisdom while his half-his-age tennis champion girlfriend hung on his arm: “If I hear a politician use the term ‘paying your fair share’ one more time, I’m going to vomit,” said Golisano, who turned 70 last month, celebrating the birthday with girlfriend Monica Seles, the former tennis star who won nine Grand Slam singles titles.
Then there’s Leon Cooperman, the former chief of Goldman Sachs’s money-management unit, who said he was urged to speak out by his fellow golfers. His message was a version of Wall Street’s increasingly popular If-you-people-want-a-job, then-you’ll-shut-the-f**k-up rhetorical line: Cooperman, 68, said in an interview that he can’t walk through the dining room of St. Andrews Country Club in Boca Raton, Florida, without being thanked for speaking up. At least four people expressed their gratitude on Dec. 5 while he was eating an egg-white omelet, he said. “You’ll get more out of me,” the billionaire said, “if you treat me with respect.”
Finally, there is this from Blackstone CEO Steven Schwartzman: “Asked if he were willing to pay more taxes in a Nov. 30 interview with Bloomberg Television, Blackstone Group LP CEO Stephen Schwarzman spoke about lower-income U.S. families who pay no income tax. “You have to have skin in the game,” said Schwarzman, 64. “I’m not saying how much people should do. But we should all be part of the system.” There are obviously a great many things that one could say about this remarkable collection of quotes. One could even, if one wanted, simply savor them alone, without commentary, like lumps of fresh caviar, or raw oysters.
But out of Abelson’s collection of doleful woe-is-us complaints from the offended rich, the one that deserves the most attention is Schwarzman’s line about lower-income folks lacking “skin in the game.” This incredible statement gets right to the heart of why these people suck. Why? It’s not because Schwarzman is factually wrong about lower-income people having no “skin in the game,” ignoring the fact that everyone pays sales taxes, and most everyone pays payroll taxes, and of course there are property taxes for even the lowliest subprime mortgage holders, and so on. It’s not even because Schwarzman probably himself pays close to zero in income tax – as a private equity chief, he doesn’t pay income tax but tax on carried interest, which carries a maximum 15% tax rate, half the rate of a New York City firefighter.
The real issue has to do with the context of Schwarzman’s quote. The Blackstone billionaire, remember, is one of the more uniquely abhorrent, self-congratulating jerks in the entire world – a man who famously symbolized the excesses of the crisis era when, just as the rest of America was heading into a recession, he threw himself a $5 million birthday party, featuring private performances by Rod Stewart and Patti Labelle, to celebrate an IPO that made him $677 million in a matter of days (within a year, incidentally, the investors who bought that stock would lose three-fourths of their investments). So that IPO birthday boy is now standing up and insisting, with a straight face, that America’s problem is that compared to taxpaying billionaires like himself, poor people are not invested enough in our society’s future. Apparently, we’d all be in much better shape if the poor were as motivated as Steven Schwarzman is to make America a better place.
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