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Occupy Wall Street
By David Cay Johnston
The views expressed are his own.
Pay close attention to the Occupy Wall Street demonstrations in New York and around the United States, especially if the protests endure through the cold months into the election year spring or if the New York police are ordered to violently end the demonstrations, which would ensure they spread.
The protests show signs of sparking a major change in U.S. politics by creating common ground among people with wildly divergent views. The key to their significance will be whether they foster a wholesale change in political leadership in 2013 or whether Americans return a vast majority of incumbents in both parties at all levels of government.
Occupy Wall Street differs fundamentally from the many demonstrations I have covered over more than four decades. Instead of people with similar specific interests — anti-war, anti-rape, Tea Partiers — these demonstrators come with widely varying views, experiences and backgrounds, yet unite around a common theme: bankers are ripping off America.
Two secondary themes also emerge in talking to some of the hundreds of people occupying Zuccotti Park. One is that the super rich own the politicians. The other is that the news media, almost across the board, view events through the eyes of the rich.
The protests have grown from a few hundred people to the thousands who marched on Wednesday evening.
Even Ben Bernanke, the Federal Reserve chairman, sympathizes with the protesters. He told the Joint Economic Committee of Congress on Wednesday:
"Very generally, I think people are quite unhappy with the state of the economy and what's happening. They blame, with some justification, the problems in the financial sector for getting us into this mess, and they're dissatisfied with the policy response here in Washington. And at some level, I can't blame them. Certainly 9 percent unemployment and very slow growth is not a good situation."
In a television interview Warren Buffett sided with them. While many of the demonstrators seemed ill-informed, he said, the "feeling is real and there is enough basis in that feeling that we want to get rid of that basis," which he described as unfair taxes and lack of jobs.
Listen to the people packing Zuccotti Park, a privately owned urban space just off Wall Street, and you will hear common themes from libertarians and liberals, truck drivers and college professors, atheists and believers.
Some are articulate, others inchoate. But there is absolute agreement that the super rich, especially the financiers, are sophisticated thieves who steal not with guns, but something called derivatives.
Dan Halloran, a New York City councilman from Queens with an affinity for libertarians like Republican U.S. Congressman Ron Paul, waded into the crowd and kept people interested in his views on the economy's failings and the need for markets.
"From what I saw on TV I would have thought that everyone here would be a communist, under 30, never held a job," he said, describing that media image as cartoonish. He said people with whom he had spoken, including those with whom he disagreed fundamentally, were both eager to work and afraid, not knowing what happened exactly, but insistent that they needed work and that their elected leaders seemed not to care.
Brendan Burke, a truck driver and punk rock musician who studied philosophy in college, said since the protests began almost three weeks ago, "I have heard a thousand different things people are concerned about — inadequate teacher pay, no jobs, the rich not paying their fair share of taxes and all of it was about how we working people are not getting a fair shake."
Burke said he expected the protests to gather strength because "this oppressiveness has been going on for years; its quiet, the way the bankers constructed this mess — and nothing is being done to them."
When I went down there on Tuesday, some asked me why no bankers had been indicted. Excellent question with no answer unless you believe the financier class exercises control over the government, enabling financial crimes through incomprehensible rules.
Each person I asked, including some in suits who came by for a gander, said they expected the mayor eventually to order the park cleared, possibly on the pretext of public sanitation. Never mind that the Constitution safeguards the right to assemble peaceably and to petition the government for a redress of grievances without a time limit.
New York's billionaire mayor found time and money to have police barricade the Wall Street bull, that bronze symbol of faith in growing stock prices. But Michael Bloomberg has spent not even a dollar on portable restrooms to help citizens exercise their constitutional rights while maintaining sanitary conditions in his fair city.
Aristotle taught, "Democracy is when the indigent, and not the men of property, are the rulers." That ancient insight may be unknown to many of the demonstrators, but the concept imbues Occupy Wall Street, which has the potential to change America from what Aristotle would describe as an oligarchy back into a representative democracy.
PHOTO: A demonstrator sits near a make-shift tent during the Occupy Wall Street protest outside the Federal Reserve Bank in San Francisco, California October 5, 2011. REUTERS/Stephen Lam
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When the occupiers move to the rails out West, it is all over.
As usual, an excellent op-ed, Mr. Johnston. I do have to take issue with one point you make, and that is regarding this statement: "The key to their significance will be whether they foster a wholesale change in political leadership in 2013 or whether Americans return a vast majority of incumbents in both parties at all levels of government.
Elections results aren't going change much until we change the system. It's the system that's broken. We won't replace most of the incumbents because the system makes that too difficult. And even if we did, very little would change. There would just be a new set of faces wearing the same old masks doing the same old dance. Until we get outside money out of our government and we start financing our own elections, nothing's going to change, and those in power whom we are protesting against aim to keep it that way. Point being, don't judge the significance of the protests by the 2012 election outcomes. It's too late to do much about those. However, there's more than one way to skin a cat.
I have to question the feasibility of any group changing anything when at their core, they are what you say is "creating common ground among people with wildly divergent views." Doesn't lthis sort of defy the defination of political cohesion? If there is no political cohesion then the group cannot change anything. If everyone is standing around protesting everything then in effect no one is protesting anything and it is all status quo. The off year election gave voice to a lot of voter dissatifaction but the exectutive branch and senate refuse to understand the water shed movement that has occurred. It is interesting that the media continues to deny that anything happened in 2010 but a rabble of union supported people with a lot of time on their hands and deep pockets reflect some sort of "movement" of significance. Yes people are upset and people will decide in the next election on the course of the country. I seriously doubt if is going to be in the direction of those who seek to out law capitalism. What is the alternative? I think that we tried the others and they failed miserably and on a scale far vaster than the recession that we have experienced. I would like to tell people – go home – write something – invent something – look at someone like Steve Jobs and be inspired to live and not begging for government solutions.
Appreciate Mr. Johnston's article. Hope this populist uprising will be as successful as that of a century ago, when common folk spoke out against their robber barons. Where is our Teddy Roosevelt?
Great piece – finally some genuine/sincere in-depth coverage of this historic moment.
The whole purpose of the protests and the escalating worldwide crisis is for us to discover a common ground – what truly binds us together.
The current reality clearly and sharply reveals our connection. Yet, we are still examining the crisis through our limited perspective. Whether it is the volatile stock market, the weakening economies of the U.S. and European countries, or the growing disparity in wealth between individuals and between nations that leads to greater social gaps, at this point, no one can say, "This has nothing to do with me, I only need to take care of myself and my family." This approach is no longer enough for leading a stable and balanced life, much less a happy one.
The global reality is not the currency or market fluctuations, but rather a direct result of the new global, integral, and social restructuring taking place. Until now we developed ourselves on a personal level. The value of life rose along with health standards and technological innovations.
Now humanity is approaching a new phase, and the old world must make way for the new world. We are dealing with the natural law of development that history has been following and will continue to follow. Everything that we considered true up until yesterday no longer works to secure a sustainable tomorrow for us.
Any move on our part to accelerate globalization from the place we are today is critical. The widespread social implications of everything we do is now inseparable from our economic development at both the local and global levels.
Doggydaddy: Yes, the problem is systemic. A new set of opportunists in office, with the same set of opportunities, equals zero change. The tactical problem is, how to uproot an entrenched oligarchy? (by which I mean, the corporate/government nexus.) I think you have to attack both sides. How, is a question for more concrete minds than mine….
Uprooting the oligarchy – a fine idea. A good starting point might just be a constitutional amendment limiting all elected officials to a set number of terms. Should we the people call for a second constitutional congress?
Please, please, sign up at www.getmoneyout.com
The world has NEVER existed without an empire….period…I believe we are in the midst of the next empire, namely the Anglo-American Empire controlled by the wealthiest people on the plnaet. Their tool for building the empire was started 110 yrs ago, namely the Federal Reserve. The Fed is intertwined with the international bankers. the only that will bring down the empire is the same thing to bring down all previous empire….a people's revolution and then the cycl will begin again. Whether the Wallstreet movement is the beginning of this revolution is yet to be determined. One thing is for certain, if the number of protetsors get big enough, it will either be one of the bloodiest revolutions in historyor will end swiftly through extreme military force.
Its only a matter of time before some opportunistic politicans stroll in and claim to be party of the "Occupier" party (or whatever they will call it).
All they will see if a quick road to office so they can get a seat at the money buffet known as our government.
What i would love to see, however, is normal everyday people with no political background stepping up and pushing the incumbents out of office. Given the conditions we're facing right now, its obvious you don't need any special set of skills to run the country INTO THE GROUND.
So yeah, come poll time, i'll be looking for the newbie running for office because he needs to feed his family. His motivations will be genuine.
i'm curious what did i miss, when was this country ever a democracy, this country from the beginning, from the outset, has been founded on lies, rape, genocide, slavery & on & on?
Obama can't get re-elected so he is giving his voice to these Union and Soros backed protestors that would institute his socialist policies. Obama can't get re-elected so he is giving his voice to these Union and Soros backed protestors that would institute his socialist policies.
I just read the national motto for North Korea is "WE HAVE NOTHING TO ENVY," If these idiots have their way that will be true here too.
I Suppose that if Bloomburg needs to facilitate their free speech by offering toilets etc., the government should pay for everyone to be in hotels, have transportation (How about Obama's new bus!).
Soros was arrested for insider trading, and he is the billionaire behind these protests.
I just read the national motto for North Korea is "WE HAVE NOTHING TO ENVY," If these idiots have their way that will be true here too.
I Suppose that if Bloomburg needs to facilitate their free speech by offering toilets etc., the government should pay for everyone to be in hotels, have transportation (How about Obama's new bus!).
America is not longer the Largest Democracy in the World. It's the Largest Plutocracy the world has ever seen and that's rather obscene…
What is "Occupy Wall Street"……
Two great generations fought world wars and gave the next generation the opportunity to live peacefully and grow their families.
That generation gave their children the best education available.
My generation produced technological advances. Everything from cordless telephones to iphones to military drones.
This generation is highly educated and they have an endless supply of information available to them on the Internet. They can communicate openly with people in several different countries and share their experiences in videos. It all happens within minutes and it's all free.
In the 60's we had muscle cars and everyone wanted to drive 120 miles an hour. This generation has the power of communication and they deserve to travel at light speed.
Each generation goes through their "what do I want to be" phase. This generation is going through it together as a connected, world generation. They're watching famine, war, corruption and all the other inequities that we heard about but were never allowed to see. They see it live, uncensored, unedited and without media commentary on Facebook and Youtube as it's happening.
Some say there's no clear message with "Occupy Wall Street" but if you listen carefully the message is as clear as any Facebook page… one day they're sad, one day they're angry, on Monday they comment about hunger in Africa, on Tuesday it's the financial crisis, on Wednesday it's nuclear weapons.
As the older generation, we need to listen to everything they have to say, let them ramble, let them scream, let them dress and act out in ways we don't understand. We should be on the sidelines bringing them coffee and donuts, giving them blankets and letting them say what's on their minds. We need to encourage them and we need to listen.
In the end, they will realize there are no easy answers but they can and will make a difference. We need to support them no matter how crazy it seems to us. The most important thing is they are trying to do something and they sincerely want to make a difference. We know they have the technology and the ability to do it.
The news media should go to these events and just listen. Don't ask questions, let them say what's on their minds, let them vent, let them express their opinions, let them jump up and down. Sure, there will be silly comments and unreasonable suggestions but in the end they will find their way… just like we did.
We should all be Watching with our Ears.
I think maybe something is happening that we do not see. I would not be surprised if the occupiers marched around Wall Street for 6 days and on the 7 th day they marched around and blew trumpets and maybe the walls would not collapse, but you could be assurred that the system would collapse. The system on Wall Street and in Washington DC is inherently unstable as is the move to free trade and the world government. I think we are in for a good shaking of the government.
Very nice analysis but one very important comment.
If you know what Aristotle said, then you should also know that he said that voting for our rulers is an Oligarchy.
Making a draw in order to decide who will implement the decisions of the citizens, is a Democracy.
Representative democracy is an oxymoron. The "demos" cannot be cratein (governing) if they only send their representatives to do so.
The only form of true democracy is direct democracy.
I don't think this movement is going anywhere until this group can figure out what they want. Every great protest in the past has had a very easy-to-understand message–whether it was getting our troops out of Vietnam, or decreasing taxes and government (Tea Party). Right now, they are only "sharing ideas" and being angry together–at a variety of targets. This is similar to the pointless riots we saw in London a couple months ago.
If they want change, they need to agree on what needs to change. Until then, their message will be "inchoate." We understand there is a problem–but "We are the 99″ implies no solution yet.
I think that this article defines the movement well – exactly like liberals, these folks don't have a message; they have feelings. They have no specific plan or requests. Noise is not information. I would welcome their input as to solutions, but so far they have provided nothing except complaint. This is about as far opposite of the Tea Party as I can think of.
I think it is important to note that had the Democratic party not forced the banks to make sub-standard loans, the economic collapse of 2008 would never had occurred. The CRA was started by President Carter, and then forced down the throats of the banks by President Clinton. It just took about 10 years for the inevitable crisis to come to a head. One simply cannot make loans to people who can't afford to repay them without consequences. Nevertheless I do not support the TARP – the banks should have been made to stand, or fall, on their own.
It is time for a third political party in this country, not one that is bought out by the 1% and controls it. Republicans and Democrats are too far to the left and right to represent the mass majority of middle folks.
Time to vote these self serving groups out the door. I hope a new class politics is born now in America, it is long over due.
Still hedging… It's time to hand over the Keys to the Palace for a new generation. …don't stand in the doorways, don't block up the hall… get out of the way if you can't lend a hand… for the times, they are a-changing.
Corporations must DIE after a life span of 50 years
What would happen; with the life extending technology that is almost on us; if Warren Buffett lived for a couple HUNDRED years. He would own everything. Like never restarting a Monopoly game. New players don't have a chance. Corporations must DIE; with 1% accruing to the People each year. At the end of that lifetime; sell it off lock stock and barrel; extinguishing copyrights and patents. Otherwise we will forever be enslaved by these mega monsters
The public would be better served if we never voted for the same candidate twice, EVER. That way only the exceptional would ever be re-elected..
I enjoyed the article. I also enjoyed the comment, "The only form of true democracy is direct democracy."
We need to use technology to control our government instead of letting the government use technology to control us.
Hard work. Anyone aspiring to success needs to exert effort. Sitting under trees holding signs on beautiful Fall afternoons may appear important when others around our country are duped to the same, won't work and nothing is accomplished. Wa wa wa. Waiting for winning lottery tickets to show up in the mailbox won't work either. Sure, there are those who used our economic and polital system's weaknesses to pilfer great wealth, so what. Obama is laughing at you.
Don't get me wrong, I admire and support what these people are doing. But here's the part I don't understand, and I've repeatedly seen similar statements from people that have been quoted in other news articles:
The protesters were "insistent that they needed work and that their elected leaders seemed not to care."
Is it really the function of government to provide jobs? Short of a 21st Century New Deal the government can't simply create jobs. It's not like there's a faucet they can turn on and off to create more jobs.
How would they even do it? Would prosecuting bankers and day traders create jobs? Would higher taxes on the rich create jobs? Would another giant stimulus package create jobs? No: jobs come from people buying goods and paying for services. If people aren't doing that, there will be no jobs. As American companies have engaged in a race to the bottom in order to pander to the masses, the manufacturing base has evaporated. And over time that's finally catching up with us.
I really do agree with the protester's overall motive and I admire their ambition, I just wish they would put some of that ambition into creating startups or small business. Or just learning a basic trade that can't be outsourced or made obsolete. You want the economy to be fixed, you have to fix it yourself – the government and the corporations are obviously incapable of fixing anything.
Hundreds, thousands? Not a critical mass- yet. Will take a few more million foreclosed families hitting the streets, with hundreds of thousands of marching protestors in cities across the nation to have an impact. Still too much complacency. Things have to get much worse before we see any change.
Mr. Johnson seems to be pointing out that quite a percentage of the population, are not happy with the present state of affairs.
The media seems to be dismissing the protests as a minor inconvenience and a little news worthy?
No one seems to be considering what has happened in the past when the ruling elite neglected the base of society.
Students of history will recall what occurred in France in the late 1700, Russia 1917 and Germany in the 1920 & 30's.
All started off with minor demonstrations and the base of society considering it was left out of the decision making of society.
Well it stood to reason that those feeling the pinch of the economic circumstances while seeing government do anything effective would eventually begin rebelling. Right now it would appear this is nothing but a loosely organized Mob with no serious leadership, or is there. If there should be that leadership circumstance will not last for long. There will be someone who will claim leadership just as Adolf Hitler did in Germany when economic circumstances became untenable for many.
We have an emerging crisis on our hands as those who may assume leadership of such a movement may well be wanting to be another Hitler in the sense of wanting to be absolute dictator who will use the Constitution to get into a position to suspend the Constitution.
Yes, the bankers are raping our country and
if you follow the money trail, it leads past Capitol Hill and the White House to the biggest bank of them all, the Federal Reserve Bank.
In 2009, Ron Paul rallied support to an audit the FRB. Not only did that die a quiet death, the FRB was granted more power.
Creditors are slaves to their debtors, Guess who holds the debt.
Do you suppose that the tenor of the demonstrations will change a year from now when ABSOLUTELY NOTHING will have changed? When we will still have a totally paralyzed Congress in thrall to Wall Street and the big banks. When the economy will still be stuck in stagflation, when the CEO's of the moneyed interests will still be taking home multi-million dollar bonuses while millions of people will still be out of work and losing their homes.
Until we figure out how to get the old-line entrenched, corrupted, incumbents OUT of Congress and some new, younger faces in there who are not owned by their campaign contributors, we will continue to spiral ever downward as a nation.
sorry, but I think there's a lot of myth here.
it's fair to point out that the top 1% currently pays about 40% of all income taxes, the top 10% pays 2/3rds. i for one don't see a big problem with a wealth gap as long as those at the bottom aren't losing ground. the truth is all income levels have grown over the long term. yes, the top income earners have grown faster than those at the bottom, but over the long term, all income groups are making more money. there are fewer households at the lower income grouping today than there was 40 years ago (check out the us census household income survey 1967 – 2009 if you doubt this)
our manufacturing base has not evaporated; manufacturing output has grown almost every year for many, many years and, depending on whose data you believe, we're either the number 1 or 2 manufacturer in the world, and we're much more productive than the Chinese as they commit a lot more of their workforce to manufacturing than we do.
the recent downturn has many culprits. i know it makes some people feel better to blame wall street exclusively, but didn't the fed keep interest rates too low for too long fueling too much borrowing and too much speculation? didn't the government put too many policies in place to encourage home ownership for too many people who couldn't really afford to buy the homes they bought? didn't too many mortgage brokers 'coach' too many home buyers through the mortgage application process? didn't too many people buy homes and take on more debt than they really couldn't afford? didn't credit rating agencies give too many financial institutions holding questionable debt credit ratings that were too high? didn't the government's regulators whose mission is to help us navigate around these landmines miss the problem?
i believe paulson and bernacke when they said they really didn't want to bail out the banks in '08 and '09, but they feared what would happen if they didn't act. there are obviously differences between 2008 and 1930, but the fed stood back and let what they thought would be a few bad banks fail in the 30's. the situation got out of hand and something like 40% of the banks failed during the depression. the problem then and now is that the banks occupy a very unique role in he economy, and a liquidity crisis can jump the firewall from bad banks to sound banks and take the whole economy down in the process. i didn't like baling out the banks, but we were getting close to the edge of the cliff.
some people (especially those doing the occupying) like to believe that greed is exclusive to big business, wall street, bankers, corporate cxo's. the truth is, most people tend to buy goods and services guided by a 'bang for the buck' mentality. by their own greed (wanting to maximize their dollar) consumers are pushing companies to cut costs, outsource, automate, etc and then these same people blame corporate greed when a company outsources some back office function to poland. business is just reacting to the marketplace. this reminds me of the uproar that flairs when walmart opens a new store in a small town. you hear sad stories about the town's longstanding family owned store going out of business after the walmart opens. who put the mom and pop store out of business—walmart or the townspeople who shopped there?
good night.
Rome is burning and Nero is fiddling!
Our system is broken and most of our leadership is entranced with Humpty Dumpty. All the King's horses and all the King's men cannot put Humpty Dumpty together again. The economic theory that worked so well in the past no longer has relevance, yet all we hear is the same rhetoric.
Social Revolution, whether it be started by Arab Spring or other means, will bring forth change because the masses are being disenfranchised, freedom has eroded and the prospects for a return to stable times and prosperity are very dim. All mankind has a breaking point and it may have already been reached.
If this particular action at the park near Wall Street fades, there will be others that are louder and more focused…. soon the masses (99 percenters) will join. When the following grows to millions and many countries, a common theme will develop and then watch out. The people will prevail and a new order will emerge.
Good luck to the Occupy Wall Street group!
OWS/99%ers are an American Style French Revolution. The 3rd Estate 99%ers are revolting against the 1st Estate Clergy (Wall Street who worships $$) and the 2nd Estate Royalty (the failed 3 branches of the US Government.) The cancer of Wall Street/$$$$ has entered the structure of our government and mastisized. We are no longer a democratic republic. President goes to the highest bidder, Congress represents corporations vs constituents, and the SCOTUS has legally declared corporations personhood. The experiment in a democratic republic has failed and the only question is: Will we become a $$$$ plutocracy, Colony of China, or will the 99%ers perservere and reclaim our democratic government.
"Unite around a common theme: bankers are ripping off America."
A bit baffling. To pay for our US spending programs, in 2011 alone the US borrowed 1.3 Trillion dollars, $1,300,000,000,000.00, much of that from banks. And the protesters are beating up on the banks. Why aren't they camped out in DC ?
The author should clarify what the $14.7 trillion dollar figure actually means. That number is more like the total exposure the gov't took during the bailout, not the amount of committed cash. For example, the US gov't guaranteed 3-4 trillion dollars in money market funds, but didn't end up using any cash or taking any losses on the guarantees. On the other hand, the US gov't actually made money on the $700 billion allocated to the TARP program.
To the uninformed reader, the graphic could suggests that the US gov't diverted funds from welfare programs into the banking sector. While some money was wasted in bailout programs, nowhere close to 14.7 trillion was actually used.
A must see Wall St. protester video.
youtube.com/watch?v=uZmPWcLQ1Mk&feature= player_embedded
Income, wealth and taxes:
Here's a question for you, what was the top income tax bracket in the 50's after WWII, when America took it's war debt seriously, and entered the "Postwar Prosperity"?
Your "data" must be straight from Rupert Murdoch's henchies. First, The top 20% currently pay about 64% of ALL taxes, But earn about 59% of ALL income and own 85% of ALL of the wealth in America. The top 1%, alone, earn at least 22% of ALL income and have 35% of all wealth. The bottom 40% earn about 11% of All income and pay about 7% of all taxes, and own NOTHING (0.3% of the total wealth). see Fg 6 and 7. http://sociology.ucsc.edu/whorulesameric a/power/wealth.html
In '69 one could buy a brand new Mustang for around $3000. We must look at adjusted '67 incomes in order to compare them to today's as you are trying to do. http://www.census.gov/hhes/www/income/da ta/historical/household/2010/H03AR_2010. xls
scroll down to the section "2010 dollars" these are the inflation adjusted incomes by year (adjusted to 2010 dollars). None of the income brackets have raised enough to shift to the next quintile from '69. Except maybe the top 5%, and them to some new super-rich bracket. Looking at all income data corrected to 2010 dollars, the bottom 20% (mean $11k today) had much of their (21%) improvement (from their 9k of '67 adjusted to 2010 dollars) by 1973. Similarly, the next quintile made much of their whopping 13% improvement by '79. Are they so much better off now?
The % increases in income compared to '67 income corrected to 2010 dollars, for each quintile is by my calcs: 21%, 13%, 22%, 40%, and 67%. And the Top 5% = 80%. Now look at that 40% increase by the 4rth quintile, does that make them rich? It is not enough to make them as rich as the '67 upper quintile was, as that would have taken an 80% increase. We have been making incomes even more disparate. If we were not then ALL quintiles would be making at least 67% more and ideally 80% more, like the upper 5%.
In order for the people of each quintile to have 'moved' to the next higher income quintile bracket they would have had to of had increases of 177% (1rst to 2nd), 60%(2nd to third), 40% (3rd to 4rth), and (4rth to 5th) 80%. None of the bottom 4, so at least 80% of people have NOT changed income brackets. Note also that your wonderful prosperity is now going in reverse, yes incomes are falling.
Further, there are not less poor by number, or percent, as you say. The rate of poverty in '69 appears lower than today, Fig 4 page 14. www.census.gov/prod/2010pubs/p60-238.pdf
Personal wealth, and personal financial security is transferring all to the rich. Insuring that the bottom 40% and even the bottom 60%+ have no savings or assets to care for their own welfare and futures.
http://sociology.ucsc.edu/whorulesameric a/power/wealth.html
In '69 the US commanded about 30% of the worlds manufacturing. Now it is around 18%. In one decade China has nearly caught us, starting from 1/4 of our output. And what have the Rich Job creators been up to with all their new found wealth?
"In January 2004, the number of such jobs stood at 14.3 million, down by 3.0 million jobs, or 17.5 percent, since July 2000 and about 5.2 million since the historical peak in 1979. Employment in manufacturing was its lowest since July 1950″ from http://www.cbo.gov/doc.cfm?index=5078&ty pe=0
Businesses make money. They should and they must in order to continue to do business.
Giving mortgages to people who couldn't afford them, then grouping high quality mortgages with poor quality mortgages, selling that new package as high quality, then taking out insurance on those mortgages should they fail… is not business.
It's fraud – massive, widespread, carefully calculated and carefully perpetrated, carefully organized fraud, far beyond anything the Mafia ever imagined. The greatest fraud in all of human history!
Prosecute those criminals under RICO so they can they can be properly imprisoned and all of their ill-gotten assets can be stripped away!
Whatever happened to the concept of blind justice? Wall Street is not above the law!
We must prosecute them. Every MBA student in the country is studying what just happened.
ConstFundie –
we can argue about tax data and sources (my source is actually the irs) but let's just use your numbers for the sake of argument. your saying top 20% currently pay about 64% of all taxes, but earn about 59% of all income – they're already paying out more than they earn. you'd like for them to pay an even more disproportionate share? as for your wealth stats, we pay income taxes in this country not wealth taxes (property taxes not withstanding), so i'm not seeing the point. there are wealthy people out there who are retired with small incomes but wealth that's been accumulated through savings, real estate appreciation, etc. over their lives.
i've done a detailed study of long term incomes and the numbers of households in each income group over time and the data shows fewer lower and middle income households and more higher income households over the long haul i.e. families are becoming more prosperous. have a look at my posting for August 21, 2010 where i lay out the data from the us census household income survey http://unrepentantcapitalist.blogspot.co m/
your manufacturing comments sound a bit arrogant. are you suggesting the u,s. is doing poorly if we don't have an overwhelming share of the world's manufacturing output? i'll assume your numbers are correct when you say we've gone from a 30% share of total manufacturing to 18% now. remember we represent 5% of the world's population, so we're way ahead in terms of manufacturing output per capita v. the chinese. china and india are developing economies. they're like pre-teens with big feet and tall parents, they're going to grow no matter what. the u.s. is a developed economy, so we're structurally unable to grow as fast. our economy has also shifted towards services (and this isn't exclusively food service, this includes lots of high paying jobs like engineers, software developers, consultants, etc.) so we've scaled back our share of workers in the manufacturing space over time and still sit at #1 or #2 in the world.
i think a lot of businesses and rich folks are hunkering down and not expanding (and creating new jobs) due to all the uncertainty around future gov't plans towards solving our debt gap. there's a lot of noise coming out of washington about future tax increases. i actually think there's support for raising taxes among the wealthy IF there's a serious and credible plan towards managing the spending side of the equation first leading to a sustainable balanced budget. if you look at the forward projects of taxes and expenditures, it's very clear one of those curves is growing significantly faster than the other.
to Jambrytay,
No , i gave you a link to the numbers from the IRS and converted for comparing income data by and on the US Census website. You give me a right wing opinion BLOG with "data". Exactly as i thought, you spread data that is a figment of somebody's imagination and refuse to look at or interpret the actual numbers yourself.
Assume i am correct!? Those are not my numbers. I gave you a link to the Congressional Budget Office Analysis on Manufacturing. Try looking up the actual data yourself instead of repeating BLOG derived opinion/data because you want to believe it.
And i asked you for one piece of data. What was the top income tax bracket in 1950? Make it easy for you, how about any year between '44 and '60?
Hunkering down. Yes, if doing everything possible to keep and take every cent possible with no return or care about the prosperity of the US is "hunkering down"
i'm not sure what you're talking about. the data in my blog comes straight from the irs website, table H-17, and not someone's imagination. i just plotted the data from the table, pretty straightforward.
with regards to my original comment on the state of u.s. manufacturing, i was simply responding to an earlier post that characterized u.s. manufacturing as having 'evaporated' which is clearly not the case.
a couple of clarifications. 1. the various studies on my blog are my work using data from reputable sources (usually from gov't agencies like the irs, bls, treasury, etc.) 2. i'm not a rightwinger
signing-off…arkansas/auburn is kicking off in 5 minutes.
Man, I'm surprised they let you write on a business/news site. They must want to cover their a$$ if the revolutionaries take over and start shooting people in a few years when peak oil hits and things really get bad.
If the ruling class (and that is what the top .5% has become in America with their ownership of Congress) makes the mistake of letting the police get out of control by trying to disperse the protesters using force, get ready for the start of terrorism which may lead to the establishment of a police state.
The only hope for the US now is to get money out of national politics. It won't happen because the new class of super-rich that has emerged since Reagan began cutting taxes, won't voluntarily relinquish their control of the Federal Government. The fact that the country is going broke, yet their puppets in Congress still demand no tax increases, is all the evidence anyone needs.
Great article. Keep them coming.
Dear Sir:
Fantastic article! I, especially enjoyed reading about the concerns for the sanitation needs of the public who are taking over the area.
I am in Europe now, and feel, we US citizens who do care for a change, must "unite" and give support to those who are not just protesting, but planning to do action for change. I am not one who thinks protests lead to much change in a republic state as ours, but I do feel USA is ready for a change that none of our past our future presidents can give us, only we can really be the ones to push for this change.
Looking forward to see how long these occupations last, and what sort of discussion the "leaders" of this occupation might be able to get from the major US politicians.
I agree with doggydaddy that our electoral system is not going to result in significant change unless it changes.
Our system has fossilized our current ruling classes. When we have an election, it is not free, it is not fair and it does not reflect the will of the people at all. We only get to select which talking head will spout the garbage of the ruling classes.
Can the system change itself? Can it change itself without some kind of violent implosion? There is not indication whatsoever that it can. Our rulers are so deadlocked that they can change nothing. And as a result they will change everything.
When we are allowed real choices on the ballot, we will have elections. What we have now is so rigged that it is not worth voting.
Why is it that protests on Wall Street and elsewhere — denouncing corporate greed and perverse distribution of wealth and the attendant corruption of our institutions — why don't we recognize energy policies and energy's absolute relevance to inequity? (Indeed, amassing capital essentially correlates to determining energy policy.)
But do you really think this is primarily about class struggle? When we toss the capitalists out, who exactly are we going to bring in to assist in managing our society? Some good old anti-capitalist professionals? Maybe even some good young ones?
Well, did you ever consider the inequity and degradation that necessarily result from a high-energy consumption economy? Forget capitalist or socialist. Think: Society gorging itself on energy actually deprives and frustrates the hell out of us.
Significantly, in this mostly unacknowledged aspect of quanta of energy as it correlates to inequity, the actual source of energy is irrelevant; whether it be petroleum, nuke plants, the "clean" energies of wind and solar, the hoped-for magnificent new battery; or even some other techno-splendorous future development — gushing cheap plentiful energy from used kitty litter.
This is about levels of energy (and by extension, technology).
Could it be? Could it be that beyond a certain threshold of energy consumption, that technical processes begin to dictate social relations? No way you say? And you're going to put that on your Facebook friend wall — maybe even "dislike" it? Well, friend, you're not alone in being sort of troubled by such a notion. The fact is that if you begin to accept this entirely rational line of reasoning, you're probably going to run, more likely drive, into some other awakenings that just don't sit well with that little gremlin that lives in your wilderness, as you hunt for legitimacy and authenticity as a good citizen trying your best.
So ya, greedy bastards, snarfing up all the resources of our planet is indeed part of what troubles us. However, it'd seem to be rather disingenuous to not observe that the high energy that is controlled and utilized by the affluent (that'd be us too) is what generates the inequities.
Beyond carrying a placard announcing "That 1% has too much money", how in the world do we possibly go about tweaking this reality?
Consider the energy inputs, and the industrial complex-energy outputs, and the reality of their costs to our society. A fairly obvious, and now rightly considered absurd, illustration would be something like the supersonic Concorde jet of decades ago. As the price of acceleration for a small affluent group of travelers, the majority of the people paid the societal cost; in pollution and otherwise. Now what is often overlooked in such scenarios is the dis-utility — the disabling — of those unable or unwilling to adopt the apparent technological sophistication. This leads us to what has been termed "radical monopoly", whereby an industrial consumer-value, say our system of motorized transportation, is adopted to the extent of the exclusion of self-powered transit — and other appropriate use-value oriented technologies. (Where I live, as I walk my sorry ass through the parking lot — to locate my motorized crutch: my car — I often feel as though perhaps I'm a confused terrorist in the war on pedestrians.)
To summarize, and in looking at possible alternative approaches to fixing some crappy aspects of crumbling empire, I'd suggest that communities, in the historical sense, find ways to engage in the political process; to assess from an enlightened local perspective; what levels of energy and technology are in their interests and where limits might be appropriate.
(For more information regarding this, read the sociologist Ivan Illich's Energy and Equity.)
…its obvious you don't need any special set of skills to run the country INTO THE GROUND…" well said , railbended – you don't.
"our manufacturing base has not evaporated; manufacturing output has grown almost every year for many, many years and, depending on whose data you believe, we're either the number 1 or 2 manufacturer in the world, and we're much more productive than the Chinese as they commit a lot more of their workforce to manufacturing than we do."
Mark Twain once said something like, "There are lies, damn lies, and statistics." You're talking stats, while I speak from personal experience, having watched both light industry (textiles) and heavy industry (machinery, automobiles, and electronics) leave my state over the past few decades and relocate to the Far East.
"First, The top 20% currently pay about 64% of ALL taxes, But earn about 59% of ALL income and own 85% of ALL of the wealth in America. The top 1%, alone, earn at least 22% of ALL income and have 35% of all wealth. The bottom 40% earn about 11% of All income and pay about 7% of all taxes, and own NOTHING (0.3% of the total wealth)."
"let's just use your numbers for the sake of argument. your saying top 20% currently pay about 64% of all taxes, but earn about 59% of all income – they're already paying out more than they earn. you'd like for them to pay an even more disproportionate share?"
ConstFundie argument makes perfect sence… they are only 20% of the population e even if they pay more % of the total of taxes, they still keep for themselves much more than the 80% of the population… and thats why they acumulate more money, faster…
they are not paying more than they earn, obviously…
Example of what happens… 10 people:
8 earn $1000 each, (total $8000), pay $200 taxes each (total $1600)(20% taxes is very conservative, hehehe);
2 earn $5750 each (total $11500), pay $1420 taxes each (total $2840);
Total income $19500 , total Taxes $4440
The 2 guys (20%) win 59% of all income and pay 64% of all taxes…
In this example, the 2 guys each win 5.75 times more (5750 vs 1000), pay 7.1 times more taxes (1420 vs 200)… and in the end they still get each 5.4 times more (4330 vs 800)…
They share only a small fraction of their large income with extra taxes… they may pay 20% more taxes in proportional values but the extra taxes only bleed about 9.3% more of their bigger income… and each wins 540% more than the others in the end…
Sorry I couldn't go, but I have a wife and children to suport and a regular job. Maybe Mr. Obama will send me a stimulus check so I can take a month off to stand around and be in someone's way, of course, being a flat taxer might just get me in trouble anyway!
The OccuPee Wall Street movement is going to continue to struggle for credibility because of stark reports like this one:
http://www.dailymail.co.uk/news/article- 2047168/Occupy-Wall-Street-protesters-ma ke-love-class-war-sex-drugs-tap.html
They're either going to have to select some sane leaders who can define and articulate their position and demands, or else follow the lead of the Egyptian protest and just shut down an entire city.
Until they do, all that's going to occur is sex and drugs and rock-and-roll and the harsh criticism it deserves.
Hence, my new name for the movement – OccuPee Wall Street.
I think they are rightfully angry and frustrated with the high unemployment and the deteriorating standard of living of the middle class and I applaude them for their non-violent protests. However, to maximize their message, I would like to see them get better organized, and focus on selecting 8 or 10 of their most important objections. This demonstration could become a major force in politics if the right message(s) gets out. Most importantly, I think they are focused on Wall Street, which is the result, not the cause. Wall Street has only taken advantage of the playing rules (or lack of same) Congress gave them. The protesters' focus should be on Congress and the lobbists, who have far more influence on our elected officials than we do. I don't think protesters or Congress realizes how many American citizens back the protesters.
A petition has been posted to the "We The People" White House web page, asking the Administration to implement Voter Referendums on issues that the Washington political system is unable ( or unwilling ) to resolve.
Details can be seen at http://wh.gov/4rM and if you agree with the aims, please give it your support and sign the petition.
The Daily Mail is a British tabloid. You wouldn't quote the Enquirer, a US sensational tabloid, would you?
All the photos taken by people I know or know through others are showing people doing art, protesting peacefully with senses of humor, collaborating, planning, cleaning, and helping each other.
Don't buy into it! The defamation of the protestors is what the 1% wants. Think about it – it's going to get cold in NYC really soon…those people care enough to be there. The least we can do is not spread gossipy magazine crud about them.
What is needed is a 35 hour work week and a way that the wealth can be divided more justly.
Everyone has a different complaint… the heart or root of the problem is the structure of "corporations". They allow the 1%, the board members etc. to decide who gets what. Thus, the members vote themselves a 3 million dollar salary, while deciding their janitor deserves only $30,000 a year. Thus one goes home to a mansion in a beautiful neighbor, while the other to a government project apartment in the Bronx, where he send s his children to failing schools. Where they are being educated to take their father's place as future janitors when dad retires.
The beast we seek has a thick hard skin but we can get to him from within. We can start with the corrupt Washington D.C.. The ones who make it possable for the beast to enslave us.
I agree that "Occupy Wall Street" needs to get organized. Do they want a flat tax? Do they want more regulation of Wall Street? They can also get more of the 99% of the country they believe they represent behind them if they could better articulate exactly what they want from their government. They can become a very powerful group during the 2012 election year.
The board members are responsible for delivering value to their shareholders, employees and customers. They are likely graduates of good schools and universities where they likely studied hard to achieve their goals. They have probably spent a great deal of their time away from their families as they developed a career. The janitor is probably a high school dropout, who didn't have the skill, knowledge or talent (perhaps opportunity, though with all the grants/aid available that's hard to believe)to get out of the Bronx, to move somewhere to improve his children's chances of success. There is no reason for someone who has been brought up to earn $30K should "have" to live in the Bronx if they don't want to live there, and LOTS of people succeed who's parents were janitors – I know I did. My dad worked as a union laborer for the garment workers union until they drove the manufacturers out of business with unreasonable demands. He ended up (at 55 years of age with 2 children at home/in school) working as a janitor for the Bd. of Ed, in a non-union job, to help his family, until he died.
we need to change congress get the money out get the lobbists out. sign get the money out.com
Republicans have made an official announcement that The American Dream was actually intended to be called The American Fantasy. Everyone should adjust their thinking accordingly, get over themselves, and let the wealthy do what the hell they want because they are Job Creators.
The President,as leader of his party, once again expressed that every American should pay his fair share in taxes. One sizable loophole in the Federal Tax Code is TAX EXCLUSION INCOME. It is time to do something about this unfair tax revenue placed disproportionally on small business & especially the self-reliant. The President is correct we are all in this mess together. It is time to correct the inequity of Tax Exclusion income for some rather than for all workers earning income & paying taxes on all received income. There is no reason for this inequity especially after the President many request for equity.


text:
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subset: commoncrawl


text:
Booze ballot initiative advances
A ballot initiative that would open supermarket shelves to beer, wine and liquor advanced Wednesday, the same day lawmakers gave a first approval to a bill aimed at expanding alcohol sales.
The initiative received approval from the state Title Board and met rules requiring ballot proposals to focus on one topic, said backer Blake Harrison, a Denver deputy district attorney who is also running for election to the statehouse.
"We are a step closer and almost ready to start collecting signatures," Harrison said.
Under current rules, a chain like Safeway or King Sooper can pick just one of its Colorado locations to offer full-strength beer, wine and spirits.
Initiative 48 has the backing of the Colorado Retail Council, and is more sweeping than the bill.
It would allow liquor store owners, now limited to one store per person, to operate at as many locations as they. Supermarkets, now limited to lower alcohol beer, could sell the full spectrum of adult beverages.
House Bill 1279, which passed a House committee on a 6-5 vote, would require grocers to buy two licenses from liquor store operators before selling beer, wine and liquor.


text:
Summary of Major
Findings and Recommendations
The Council has examined the financing of the present program apart
from any changes which it is recommending and has found as follows:
1. The Status of the Program and Allocation of Contribution
Income.-The social security program as a whole is soundly financed,
its funds are properly invested, and on the basis of actuarial estimates
that the Council has reviewed and found sound and appropriate, provision
has been made to meet all of the costs of the program both in the
short run and over the long-range future. The contribution income
should be reallocated between the two trust funds, however, so that
the disability insurance part of the program, like the old-age and
survivors insurance part of the program and the program as a whole,
will be in close actuarial balance.
2. Adjustment in the Contribution Rate Schedule in
the Short Range.-The contribution rates now scheduled in the
law should be adjusted to avoid the rapid increase in trust fund
assets that will otherwise begin with the rate increases scheduled
for 1966 and 1968.
3. The Contribution Rates in the Long Range.-There should
continue to be included in the law a schedule of contribution rates
which, according to the intermediate-cost estimates, will be sufficient
to support the program over the long-range future. However, decisions
about putting future rate increases into effect, once the rates
actually being charged are high enough to cover the long-range cost
of the program as shown by a reasonable minimum estimate, should
be guided largely by estimates of program costs over a 15- or 20-year
4. The Contribution and Benefit Base.-The maximum
amount of annual earnings that is taxable and creditable toward
benefits needs to be substantially increased in order to maintain
the wage-related character of the benefits, to restore a broader
financial base for the program and to apportion the cost of the
system among low-paid and higher-paid workers in the most desirable
5. The Contribution Rate for the Self-Employed.-Increases
in the social security contribution rate for the self-employed beyond
the present rate should be put into effect gradually, and only to
the extent that the ultimate rate will be no more than 1 percent
of earnings greater than the rate paid by employees.
6. Maintaining the Integrity of the Trust Funds.-To
maintain the integrity of the trust funds, the reimbursement of
the trust funds for the cost of paying social security benefits
based on military service for which no contributions were paid should
begin without further delay and the Board of Trustees should be
given specific responsibility for reviewing those administrative
charges against the trust funds which are based on estimates rather
than on actual costs.
The Council proposes hospital insurance protection for those 65
or over and for disabled social security beneficiaries as follows:
1. Inpatient Hospital Benefits.-The proposed hospital
insurance for people age 65 or over and the disabled should cover
a number of days sufficient to meet the cost of inpatient hospital
services for the full stay of almost all beneficiaries.
2. Outpatient Hospital Diagnostic Services. Payment under
the program should be made for the costs of outpatient hospital
diagnostic services furnished beneficiaries.
3. Deductibles.-Hospitalized beneficiaries should pay
a deductible equal to the cost of one-half day of care--$20 at the
program's beginning. In the case of beneficiaries who are provided
outpatient diagnostic services, this deductible amount should be
applied for each 30-day period during which diagnostic services
are provided.
4. Services in Extended-Care Facilities.-The
cost of post-hospitalization extended-care services in facilities
which provide high-quality rehabilitative and convalescent services
should be covered so as to pay for a minimum number of days after
hospitalization in all cases, with additional days of extended-care
services being paid for if the patient has not used all of his inpatient
hospital coverage.
5. Organized Home Nursing Services.-Insurance coverage should
be provided for organized home nursing services.
6. Payments on the Basis of Reasonable Cost.-The
extent of hospital insurance and related protection should be specified
in terms of the services covered rather than in terms of fixed dollars,
and covered services should be paid for on the basis of the full
reasonable cost of the services.
7. Hospital Staff Review of Utilization.-Hospitals
should be required, as a condition of participation, to establish
professional staff committees to review the services utilized.
8. Administration.-The proposed hospital insurance provisions
should be administered by the same Federal agencies which administer
the social security program but in carrying out this responsibility
the Federal Government should use private and State agencies to
the extent that these agencies can contribute to efficient and effective
9. The Basis of Eligibility for Benefits.-Hospital
insurance benefits should be provided for aged and disabled beneficiaries
of the social security program, and special provision should be
made for the next few years for those who have not met the requirements
of eligibility under the program.
10. Financing.-The proposed hospital insurance program should
be financed by a special earmarked contribution of 0.4 percent of
covered earnings from employees and from employers, and 0.5 percent
from the self-employed, with an 0.15 percent contribution from Federal
general revenues to cover the cost of benefits for those already
retired or disabled.
The Council has examined all aspects of the present program of
cash benefits and is recommending changes as follows:
Social Security Benefit Amounts
1. The Period for Computing Benefits for Men.-The
period for computing benefits (and insured status) for men should
be based, as is now the case for women, on the period up to the
year of attainment of age 62, instead of age 65 as under present
law, with the result that 3 additional years of low earnings would
be dropped from the computation of retirement benefits for men.
2. A General Increase in Benefits.-A general increase
in benefit amounts, accomplished by a change in the way the benefit
formula is constructed, should be provided to take into account
increases in wages and prices since the last general benefit increase
in 1958, and the maximum on monthly family benefits should be related
to earnings throughout the benefit range.
3. The Maximum Lump-Sum Death Payment.-The maximum lump-sum
death payment should not be set in terms of an absolute dollar limit
but rather should be the same as the highest family maximum monthly
Dependents' and Survivors' Benefits
4. Children Over Age 18 Attending School.-Benefits should
be payable to a child until he reaches age 22, provided the child
is attending school between ages 18 and 22.
5. Disabled Widows.-The disabled widow of an insured
worker, if she became disabled before her husband's death or before
her youngest child became 18, or within a limited period after either
of these events, should be entitled to widow's benefits regardless
of her age.
6. Definition of Child.-A child should be paid benefits
based on his father's earnings without regard to whether he has
the status of a child under State inheritance laws if the father
was supporting the child or had a legal obligation to do so.
Disability Benefits
7. Young Disabled Workers.-Young workers who become disabled
should have their eligibility for benefits determined on the basis
of a test of substantial and recent employment that is appropriate
for such workers.
8. Rehabilitation of Disability Beneficiaries.-The
social security program should pay the costs of rehabilitation for
disability beneficiaries likely to be returned to gainful work through
such help, with the rehabilitation services being provided through
State vocational rehabilitation agencies.
Eligibility for Benefits
9. Insured Status.-The Council recommends retention
of a requirement of covered work as a test of eligibility for benefits,
and has no major changes to recommend in the present provisions.
10. Retirement Test.-The provision in the law that
prevents the payment of benefits to a person with substantial earnings
from current work--the retirement test--is essential in a program
designed to replace lost work income and should be retained.
Extending the Coverage of the Program
11. Doctors of Medicine.-Self-employed doctors of medicine
should be covered on the same basis as other self-employed people
now covered, and interns should be covered on the same basis as
other employees working for the same employer.
12. Tips.-Social security contributions should be paid on
tips an employee receives from a customer of his employer, and tips
should be counted toward benefits.
13. Federal Employees.-Social security credit should be
provided for the Federal employment of workers whose Federal service
was covered under the civil service retirement system but who are
not protected under that system at the time they retire, become
disabled, or die.
14. State and Local Government Employees.-The
coverage of additional State and local government employees should
be facilitated by making available to all States the option of covering
only those present members of State and local government retirement
system groups who wish to be covered, with coverage of all new members
of the group being compulsory. Also, policemen and firemen in all
States should be provided the same opportunity for coverage as other
State and local government employees.
The tax rates needed to finance the changes recommended
by the Council
(The contribution rates under present law are applicable to annual
earnings up to $4,800; the proposed contribution rates would apply
to annual earnings of $4,800 in 1965, $6,000 in 1966 and 1967 and
$7,200 in 1968 and thereafter.)
and Employer, Each


text:
Winston-Salem crash kills 1, injures 5
Baby, 3-year-old injured in crash
One person died and five others were injured in a crash Monday afternoon in Winston-Salem.
Police said the crash happened about 4:20 p.m. on Reynolds Park Road near Butler Street.
Investigators said 36-year-old Susana Rocio Mercado was driving her Chevrolet Malibu when her vehicle was struck by a Pontiac Bonneville driven by 39-year-old Travis Judon Huntley.
Officers said they believe Huntley failed to stop at the stop sign. Police said speed and alcohol are believed to be factors in the crash.
Crews had to cut out people who were pinned in one car, Forsyth County emergency officials said.
Rescue crews said Huntley was severely injured in the crash and later died.
Huntley's passenger, 3-year-old Courtney Devaughn Radlein, was treated and released.
Officials said Mercado suffered critical injuries but is in stable condition.
Her front seat passenger, 24-year-old Omar Mercado, is also in stable but critical condition.
Mercado had two backseat passengers at the time.
Rescuers said 1-month-old Emiliano Montes-Perez was treated and released and 22-year-old Aurora Perez suffered non-life-threatening injuries.
The Winston-Salem Police Department's Traffic Enforcement Unit is investigating the crash.


text:
Drowning in the busyness of life, and how I stay afloat, and find peace and stillness amidst the chaos.
Culture War is Class War disguised. The Wealthy Elite--the "Filthy Rich"--foment Culture War in society to distract and cover their real economic motives. Culture War, Class War explores the resulting cultural divide--how it was instigated and kept alive for fifty years in America by certain elite powers and how and why they choose to benefit while tearing families in two and keeping America paralyzed.
an A to Z guide to Vaccines
Second Look Behind the Headlines
Why people hate the truths of the world.
that all men are created equal
Wellness Leadership Education
Essays on economic crisis, decoding dominant ideologies and creating a better world
Foregrounding voices of colour
"It is the duty of every man, as far as his ability extends, to detect and expose delusion and error"..Thomas Paine
living in the shoes of a woman
A Letter Never Received
His mom, kind of.
A Unique Decade in American History
words infused with art


text: The sting of China's supercomputer dominance is still fresh, with the Tianhe-1A still laying claim to world's most greatest. That is, until IBM's Mira is completed. Because at 10 quadrillion calculations per second, she'll be four times faster than Tianhe-1A. USA! USA! That is, assuming it hasn't been leapfrogged by the time they actually build the darn thing. [Star Tribune]


text:
Featured Stories
Public Art's Moment
UH System Celebrates 50 Years of Public Art with Ambitious New Temporary Art Program and Texas-sized Commission.
UH Engineers Apply Their Skills to Health Care
A collaboration between the University of Houston and the Harris Health System Center for Innovation offered students with the UH Department of Industrial Engineering an opportunity to help solve a real-world problem in a hospital emergency center.
- Castorland Jigsaw 2000pc - Map Of The World, 1639
University of Houston School of Theatre and Dance alumni Brett Cullen and Sally Mayes, stars of the stage and screen, are bringing their work back to their alma mater for the world premiere of "Contradiction of the Southern Soul."
- eurographics Puzzle 1000pc -butchart Gardens, Japan (mo)
Fifty years ago, one of the first African American students at UH, Lynn Eusan, helped create the African American Studies Program. Eusan's desire for social justice extended beyond the UH campus into the neighboring Third Ward community where she also helped create the SHAPE (Self Help for African People through Education) Community Center, which continues as one of the most visible and involved community centers in Houston's African-American community. Her time here was brief but her legacy is thriving.
A Sustainable Entry – UH Students Built an Art Car to Promote the Environment
The Art Car Parade is a Houston institution. Five University of Houston students joined the fun, with a twist -- creating an art car promoting environmental sustainability.
Can Discussion Change Attitudes on a Controversial Topic?
President Trump's declaration of a national emergency at the border has divided the public along partisan lines. A multi-part poll by the Hobby School of Public Affairs at the University of Houston will seek to determine how best to drive a constructive public debate on the topic.
Survey: Voters Favor Increased State Spending on Education
A survey of Texas voters by the University of Houston Hobby School of Public Affairs found strong support for increasing the state's share of funding for public schools, along with support for increasing several targeted taxes to pay for it. But a majority of voters oppose increasing the state sales tax, an idea proposed by state leaders last week.
- Eurographics Puzzle 1000pc -cactus & Succulents - Cactus Eg60000654 Pieces
A 5K race can offer victory and heartbreak, but capturing those moments on video requires both planning ahead and making on-the-spot decisions about where the camera operators should be. Researchers are studying how to direct a team of mobile robots to document a race, predicting likely events and changing plans based on real-time action.
- Eurographics Puzzle 1000pc -globetredter Australia - Globetredter 60000753
University of Houston biomolecular engineer Navin Varadarajan thinks B cells gone bad could be the culprit in Rheumatoid Arthritis and he is the first to publish a comprehensive profile of the cells, moving closer to finding out why the immune system attacks itself in patients with RA.
- Eurographics Puzzle 300pc -colour-me - Christmas Trees - Colourme Puzzles Tree
The University of Houston Graduate College of Social Work has received a $4,870,000 grant from the U.S. Health Resources and Services Administration to provide community-based and family-centered services and health education to residents in the 10 Houston-area ZIP codes with the highest rates of death and complications surrounding birth.
- Eurographics Puzzle 1000pc -vancouver, B. Columbia - Eg60100740 Vancouver B
Students in the senior graphic design program at the UH School of Art will join famed Houston graffiti artist GONZO247 in a large-scale installation to cover 22 pillars of the underpass with bright, colorful brush strokes and icons that symbolize the rich history of Houston's Third Ward, Eastwood, EaDo and the University of Houston.
Competing in a Data Driven World - $1 million Gift Boosts UH Data Science Offerings
A $1 million gift from ConocoPhillips to the UH College of Natural Sciences and Mathematics will boost data science expertise, funding new faculty positions and fellowships for graduate students.
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Soon after conception, an embryo's circulatory system connects to that of its mother, a crucial development that researchers haven't fully understood because of limitations in imaging technologies. Researchers from the University of Houston and Baylor College of Medicine are developing a new imaging technology that will improve knowledge of the process.
Long String Instrument Composer 'Plays' Atrium of UH Architecture Building
Ellen Fullman, inventor of the long string instrument, will perform during this year's CounterCurrent Festival which runs April 9-14.
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An anonymous $10-million gift by a grateful patient's family to the Texas Center for Learning Disabilities (TCLD) has cemented its future as a powerful force for change and improvement in the lives of children with disabilities. The TCLD is one of only three National Institute of Child Health and Human Development-funded national learning disability centers in the United States.
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This popular showcase highlights some of the best new work from our B.F.A. playwrights, as well as pieces selected from our international 10-minute play contest.
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This student-created performance is the culmination creative site explorations by the advanced dance composition class in the University of Houston Dance Program taught by Professor Karen Stokes.
- Gibsons Landleben Puzzle (1000 Teile)
Join us for an evening of original dance for camera films created by students in our Technology & Dance class taught by Assistant Professor John Beasant III.
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Stop by to have coffee (or tea) with a cop and a friendly conversation.
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Celebrate the achievements of our College of Technology graduates. Commencement Speaker: Eric Starkloff, President and Chief Operating Officer, National Instruments. For more information, visit our Castorland B-060269 vue Du Forum Romanum Puzzle
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LUG is a premiere event for discussion and seminars on the Lustre parallel file system and other open source file system technologies.
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The University of Houston is a powerhouse of innovation. UH has grown to service the city of Houston and beyond through our extensive educational offerings, partnerships with local businesses and contributions to the community. Explore more below about how we are cultivating the future through Energy, Health, Arts, and Athletics to create success for our students and alumni.
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Prepaid Extra Bags
When you want to take more baggage than your fare allows, Prepaid Extra Bags are the smartest and cheapest solution. If you wait until you get to the airport, you'll pay excess baggage rates that are much higher than the prepaid cost.
Prepaid Extra Bags can be added to your booking online up to three hours before an international flight or up to 30 minutes before a domestic flight.
Airpoints™ Elite, Gold and Koru members are entitled to additional baggage benefits at no charge. Please consider this before purchasing Prepaid Extra Bags.
How to purchase Prepaid Extra Bags
Purchase online when making your booking. Retrieve your existing booking and add to your flight.
Contact centre
Call our Air New Zealand contact centre (service fees may apply).
Travel agent
Speak to your travel agent who made your flight booking.
Effective for all new bookings from 31 March 2017. Customers with existing bookings will have access to the prepaid baggage prices effective at the time of ticket issue.
Other things you should know
Prepaid Extra Bags don't apply to Seat Only fares and can't be purchased for international multistop itineraries booked online. There is a maximum of three checked-in bags per person. Infants can't purchase Prepaid Extra Bags.
If you're booking online with multiple travellers, Prepaid Extra Bags will be spread across passengers to ensure you pay the lowest cost possible. You will need to check in together.
Charges for overweight, oversize and sporting items depend on their weight and size. More about overweight, oversize and sporting items.
Terms and conditions: Extra Bags are only available on Air New Zealand operated flights. Extra Bags will not be available on codeshare and flights operated by other partner airlines. Due to operational requirements and load restrictions, some Air New Zealand flights will not offer the Extra Bags option. The total checked baggage allowance for any passenger is 3 pieces, including Extra Bags and free baggage allowance included in the fare. The maximum weight for a bag is 23kg (50lb). Read the full Extra Bags terms and conditions.


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Voltage Coffee & Art
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- Coffee & Tea, Art Galleries
Everything here is prepared one cup at a time, and trappings are professionally curated with exhibits changing every six weeks or so.Voltage owner Lucy Valena hates quiet coffee shops. Instead, she's cultivated a space with a vibrant energy where great minds can gather—and caffeinate. She says it was in Seattle, where she lived briefly after college, that she fell head over heels for coffee. "All I could see was how many creative projects were being accomplished rather than second guessed—and how much coffee people were drinking. It didn't seem like a coincidence," she says. Her vision was a cafe that served quality coffee without being snooty or unapproachable (no vanilla-latte shaming here) with tasteful artwork on the walls ("My biggest pet-peeve is generic paintings of coffee cups," she admits). Everything here is prepared one cup at a time, and trappings are professionally curated with exhibits changing every six weeks or so. Exotic signature lattes are not to be missed; thoughtful flavors like Earl grey infused white-chocolate ganache and molasses with lemon zest are all made in-house, and there's just enough food on the menu to keep you going. "Kendall Square just needed a living room," says Lucy, "and I'm really proud to be the owner of that living room."
Menu Highlights:
The Devil May Care latte (molasses with lemon zest), $3.50 for 8 oz
Madame X latte (Earl grey infused white-chocolate ganache, $3.50 for 8 oz
Monday - Friday, 7 a.m. to 7 p.m.
Saturday & Sunday, 8 a.m. to 6 p.m.


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Tags: Font, Historical, Serif


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BACKGROUND IMAGE: iSTOCK/GETTY IMAGES
- FeatureWeighing the risks of 1TB drives
- FeatureMaking the case for FCIP and FCoE
- FeatureNew book and toolkit preps companies for legal ediscovery
- FeatureNew demands, higher salaries for storage pros
- FeatureDo RAID levels still matter?
- FeatureSolid-state storage finds its niche
- FeatureWhere encryption fits best
- FeatureHot Spots: Web 2.0 storage: Challenges and choices
- FeatureBest Practices: Tackling data migration
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Solid-state storage finds its niche
Storage managers facing critical storage performance problems and needing maximum IOPS have found a feasible option in solid-state disk. Solid-state storage is fast, cool and it barely sips power, but it's still far more expensive than traditional media.
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|Still extremely expensive vs. traditional media, solid-state disks can make a convincing economical case for some applications requiring very high IOPS.
"We have a very latency-sensitive application [that handles stock trading], and the storage gives us a distinct competitive advantage," says John Ryan, ISE's technology architecture officer. The solid-state disk (SSD) system from Texas Memory Systems Inc. handles reads and writes in 0.02 milliseconds (20 microseconds), which is orders of magnitude better than the fastest hard disk drives (HDDs).
The SSD system that ISE selected is based on double data rate (DDR) DRAM technology and comes integrated with battery backup, a Fibre Channel (FC) interface and conventional hard drives. This SSD technology has been around for years and has established itself in a niche market that serves large processing-intensive government projects and companies involved in high-volume, high-speed/low-latency transactions such as ISE's stock trading system.
Organizations use SSD as large cache to boost performance by pulling data from what amounts to memory, rather than from much slower spinning disk. The SSD industry regularly takes advantage of the falling prices of memory and storage, which allows organizations like ISE to purchase 128GB of SSD storage at a price that's high but justifiable. However, even SSD proponents admit that DRAM-based SSD systems are far too expensive for use in terabyte-sized systems.
|Many SSD options
But there are other SSD options. The rapid rise of NAND flash-memory technology promises to make SSD a viable storage option in the mainstream corporate IT storage environment at some point. Because flash is nonvolatile, it's suitable for long-term data storage; in addition, systems built on flash technology follow an entirely different price curve because they don't have to incorporate the power protection and battery backup required by volatile DRAM-based SSD (see "The many flavors of SSD," below).
As flash storage becomes more feasible--thanks to the benefits of Moore's Law and the SSD industry's improving economies of scale--even companies that don't calculate their competitive advantage in microseconds may turn to SSD in the not-so-distant future. The advantages of NAND flash storage in terms of high performance, low energy usage and reliability may eventually offset SSD's high cost per gigabyte.
|With fundamental technology changes in store for HDD as the industry struggles to increase areal density (the amount of data that can be packed onto the disk) beyond what can be achieved with the latest perpendicular disk technology, disk drive vendors find themselves looking at SSD as a potential competitor.
"We've seen a growing focus on flash at HDD companies in the last six to nine months," says Joel Weiss, president, International Disk Drive, Equipment and Materials Association (IDEMA). For example, Seagate Technology LLC, an HDD leader, is already deep into flash and hybrid technologies (see "Hybrid storage," below). As a sign of change, IDEMA has opened its membership to flash manufacturers.
Flash advantages
|"NOR is too costly and too slow at writing," adds Alan Niebel, founder and CEO, Web-Feet Research Inc., Monterey, CA. It's not considered a viable enterprise storage technology.
The main advantages of flash storage are high performance, reliability, low power consumption and small size. Flash-drive performance is 1,000 times better than hard disk. Flash's sturdiness gives the technology another advantage over HDD. The military is one of the earliest adopters of flash storage for ruggedized PCs used in the field and in military aircraft. "They put it inside the computer in a jet fighter, which vibrates like hell. A hard disk drive can't take that kind of shock," says Jim Handy, director at Objective Analysis, an analyst firm in Los Gatos, CA.
For corporate IT, ruggedization isn't usually an issue, but reliability is. The big appeal of SSD, both flash and DRAM, is extremely high performance. "This is where you have a huge volume of transactions and need fast IO," says Jeff Janukowicz, research manager for hard disk drive components and solid-state disk drives at IDC, Framingham, MA. Of the two, flash delivers somewhat less performance and costs less, but it's still far faster than even the fastest 15K rpm hard disk.
Another appealing aspect of flash storage is its lower power consumption and low heat. "Power, heat and cooling have become huge issues, and flash SSD can cut down [on] power usage in the data center," says Niebel. Flash memory has no moving parts and requires negligible amounts--in the area of 10 milliamperes (mA)--of power for reads and writes.
Flash drawbacks
Related to its high price is the limited capacity flash SSD systems offer. Most systems are configured for 16GB, 32GB, maybe even 64GB, although STEC Inc., a Santa Ana, CA-based SSD system vendor, offers flash storage up to 256GB. "Price is an issue in the enterprise. If you need large capacity, a hard drive is way cheaper," says iSuppli's Chander.
|Another drawback is long-term reliability or "wear out." Flash SSD may be nonvolatile, but individual flash-memory cells have a limited usage life. "You don't want to hammer one cell too much. If you can avoid writing to a particular cell for days or weeks, you can stretch the life of the cell," explains Niebel. Currently, a flash cell has a write-cycle life of 100,000 writes. That may seem like a lot of writes until you start thinking about a high-volume transaction system.
Flash SSD systems try to overcome this problem by building wear-leveling algorithms into the controllers. These algorithms spread the writes across different cells so no cell gets written to excessively. By combining wear-leveling with RAID-like striping, proponents argue that they can push the effective life of a flash SSD system beyond 100,000 writes.
Flash is delivered in two formats: single-level cell (SLC) and multi-level cell (MLC). The wear-out and cost problem may be partly addressed through a combination of SLC and MLC flash. MLC, which layers more data on each cell, is cheaper than SLC. OEMs can use it to add capacity to SSD systems. However, MLC has a much shorter life than SLC. Because it's the write process and not the read process that shortens cell life, the trick for OEMs becomes "trying to figure what portion needs to be read-only and make that portion out of MLC. They can use SLC for the rest," says Chander. OEMs will have to build intelligence into the controller to direct predominantly read-only data to the MLC cells in a SLC/ MLC SSD storage device.
In addition to write wear out, there's another concern with writes. "NAND flash has a slower write speed," explains IDC's Janukowicz. That and the wear-out problem suggest flash SSD is best suited for applications that write once or occasionally but read many times.
SSD economics
While HDD has an overwhelming advantage in terms of cost/GB, the situation is reversed when it comes to cost per IOPS. But the problem goes beyond comparing one HDD system with one SSD system. "There are several things going on here. First, the hard disk is not keeping up with the performance of the server," says Alan Fitzgerald, CTO at Adtron Corp., a Phoenix-based SSD manufacturer.
|Because servers can consume stored data faster than hard disks can provide it, companies are driven to add more disks to boost performance. They may not actually need this additional disk capacity, but more spindles increase the throughput of the system.
"You end up buying more hard drives to get the same level of IOPS as one SSD, and those drives require more space, power and cooling," says Janukowicz.
For example, STEC compared HDD and SSD in a high IOPS application. It found that a company would need 450 73GB disk drives to generate the same level of IOPS as 15 146GB SSD drives.
The cost for those 450 hard drives, according to STEC, would be $175,000. STEC pegged the cost of the 15 SSD drives at $187,500. But if you throw in the cost of the multiple enclosures, racks, cables, transceivers, controllers and SAN switches necessary to house and connect all of those hard drives, the total HDD cost comes to almost $413,000 in STEC's calculation. The total SSD cost--which requires only one enclosure, rack, cable, transceiver, controller and switch--comes to a bit more than $201,000. In STEC's analysis, the SSD solution costs half that of the HDD solution. Of course, the HDD solution delivers substantially more storage capacity in the process.
Texas Memory Systems is also targeting the enterprise storage market with its RamSan-500 SSD device, which delivers 2TB of SSD storage with two FC controllers for $300,000. It boasts 100,000 IOPS, but its best performance comes from its 16GB of very high-performance DDR cache. The rest of the 2TB capacity consists of less-costly flash SSD.
The issue actually goes beyond storage. Organizations are buying servers that are poorly utilized in part because the storage can't feed data to the server fast enough.
"This results from the latency of rotating disk vs. the speed of the server's processor," says Janukowicz. "With SSD, the latency issue goes away. Where you might have used two servers [each running at a low level of utilization], you would need only one." With SSD, companies could reduce the number of servers they need in certain situations.
|New storage tier
The emergence of SSD as a viable enterprise storage option leads analysts like IDC's Janukowicz to speak of a new storage tier, Tier 0. Tier 0 would sit above primary enterprise storage (Tier 1) and be used for those apps requiring the fastest possible performance and the lowest latency. It's very early in the evolution of enterprise SSD; few products for mainstream corporate storage are shipping and few of the early adopters are willing to speak publicly. Still, some uses for Tier 0 are becoming apparent.
"Right now, SSD is too expensive for corporate data, but it looks like it will be great for meta data, which is read frequently," says Mike Karp, senior analyst at Enterprise Management Associates, Boulder, CO. Similarly, it would be good for database indexes.
Flash also looks promising for media, where applications are written once but read many times. Another recommended use puts flash in the server for the boot OS, which would be much faster. Yet another alternative to SSD is to use memory as a caching appliance (see "SSD performance alternative," below).
Flash SSD is showing up in blade servers. This summer IBM Corp. announced it was adding a 4GB USB flash drive to its BladeCenter HS21 in an effort to remove components, such as a hard disk, that are more likely to fail and result in downtime. By using SSD, IBM reports a reduction in power consumption by as much as 18 watts per blade. In addition to conserving power, the flash drives boost performance with an average seek time of 0.1 milliseconds vs. 15 milliseconds for a conventional hard disk.
|Disk futures
The storage industry is moving into a period of uncertainty. After averaging 100% annual increases in hard disk areal density, the rate has dropped to 40% annually, says Janukowicz. The HDD industry is now looking beyond perpendicular disk designs to heat-assisted and bit-patterned approaches. These nascent technologies promise to boost HDD areal density to the multiterabyte range; however, they involve new processes, designs and tooling that will change the cost dynamics of the industry.
Meanwhile, the SSD industry continues to ride Moore's Law to 100% a year improvements for flash, notes Janukowicz. The result is a steadily narrowing capacity gap that will reduce the cost differential between HDD and SSD over time. Yet IDC doesn't foresee a crossover point where SSD becomes cheaper than HDD on a cost-per-gigabyte basis.
For storage managers facing critical storage performance problems and where maximum IOPS counts, the emergence of SSD as a feasible enterprise option is encouraging. For everyone else, the HDD-SSD issue remains an interesting sideshow that bears watching.
Related Resources
- Essential Guide to Solid-State Storage Implementation –SearchStorage.com
- SSD: Features, Functions and FAQ –SearchStorage.com
- Best Practices for Deploying SSD –SearchStorage.com
- Pros and Cons of PCI Express SSD –SearchStorage.com


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Tranquility features the debut of a new embossing pattern, a fine vertical crepe fabric texture. Shimmering accents of color and the glow of metallics are blended to add depth and visual interest to the recesses of the embossing.


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Follow RFF News on your cell phone. Text follow rff to 40404 you will receive txt messages with RFF News
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Russell plating the tuna.Looks like its dinner time.Braden comes back in from the outside.Getting ready to head off soon. Anyone lurking?
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12 December 2008
No story, just a picture
Posted by shadowfax at 12:27 PM
8 comments:
- Anonymous12/12/2008 12:53 PM
i have no idea what i'm looking at, but i can tell it isn't good... what is going on here?ReplyDelete
- Anonymous12/12/2008 1:02 PM
First semester M1 here so my (uneducated) guess is an aortic dissection that starts near the heart and continues throughout the arch into the descending aorta.ReplyDelete
Another way to tell would be the title of the pictures.
Normal variant, dc home with follow-up next week with patient's PMD for further workup of chest pain radiating to the back. Next!ReplyDelete
Ouch, indeed.ReplyDelete
- Anonymous12/12/2008 4:17 PM
That is a very cool scan. In a boy am I glad he's not my patient sort of way.ReplyDelete
eh, it's not leaking...how bad can it really be?ReplyDelete
- Anonymous12/13/2008 1:43 AM
Consult naturopath to handle the medicine end, and get a chiropractor involved to manage the back pain.ReplyDelete
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Alabama Counties: Crenshaw County
Click-on the map to get a detailed image of the county
Provided by Alabama Maps
Crenshaw County was created by an act of the Alabama General Assembly on 1866 Nov. 24. It was formed from parts of Butler, Coffee, Covington, Pike and Lowndes counties. It is located in the south-central section of the state, in the coastal plain area. Crenshaw County encompasses 611 square miles.
The county is named for Anderson Crenshaw, an early settler of Butler County. The first county seat was established in Rutledge in 1867. The county seat was moved to Luverne in 1893. Other significant towns include Highland Home and Brantley.
Owen, Thomas McAdory. History of Alabama and Dictionary of Alabama Biography. Chicago: S. J. Clarke Publishing Co., 1921.
Return to Alabama Counties
Return to Alabama History On-Line
Updated: November 15, 2016