Tag: Occupy Wall Street

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According to Bloomberg News, the world’s richest people lost about $41 billion after Trump’s win, due to falling stock prices and currency tumbles. According to the New York Daily News, NYT majority shareholder Carlos Slim lost $5 billion due to a fall in value for the Mexican peso. More

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Contributor Post Created with Sketch. Knowledge Base for Sanders Supporters: Understanding Income Inequality

 
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By Jake BucciBernie Sanders, CC BY 2.0.

The 2008 Economic Crisis spawned two, very different reactions in our ideologically-bifurcated nation. The first was the birth of the Tea Party following Rick Santelli’s impassioned speech from the floor of the Chicago Mercantile Exchange. Santelli’s disgust at those who irresponsibly took out loans they couldn’t repay — and the banks and government that underwrote such moral hazards — sparked a wildfire that drove the Democrats from control of the House in 2010 and proved decisive in wresting control of the Senate from Harry Reid in 2014.

The other reaction was the later birth of the Occupy Wall Street Movement which was organized along the opposite lines. The primary thrust of OWS was a complaint about the unequal distribution of income and wealth and, to some extent, an inchoate grouse about the immorality of being expected to repay loans that were irresponsibly taken out.

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Contributor Post Created with Sketch. Staging Riots

 

shutterstock_213974764 (1)Journalism is pretty much dead in the United States. Most of the newspapers that used to do the basic work of looking into things have folded, and most of those that remain are, for the most part, in the disinformation business. Do you remember the coverage of the Duke Lacrosse Case? Of the George Zimmerman – Trayvon Martin case? Of the events in Ferguson? Of the Eric Garner case in New York City? And of the recent events in Baltimore?

The media has a narrative that they desperately want to peddle – which is that you and I live in a viciously racist society. That is what our budding journalists were taught in college, and they are always on the lookout for an anecdote to illustrate that meme. Before carefully examining the facts in any given case, they will leap to the predetermined conclusion.

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Over the weekend, lefties on my Twitter feed offered smirking links to a report that Canada’s middle class has surpassed that in the U.S. I was genuinely confused. What point did they think they were making? What polemical advantage did they think the news gave them? I know, I know: they feel vindicated because this […]

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