Government officials say it’s been caused by statistical inaccuracies and climate change. But is that the whole story?
As recently as 20 years ago, there were an estimated 50,000 rivers in China, each covering a flow area of at least 60 square miles. But now, according to China’s First National Census of Water, more than 28,000 of these rivers are missing. To put this number into context, China’s lost rivers are almost [...]
Middle class in the U.S. can mean something very different depending on where you call your home state.
Census bureau numbers show a shocking disparity in the definition of ‘middle income’ – with Maryland boasting an average of $67,469 and Mississippi posting an appallingly low $39,078, a difference of $28,391.
Debate over the definition of middle class comes after President Obama’s State of the Union address this week. He detailed his plan [...]
Percentage of Millionaires Congress vs. the people
Report: Nearly Half Of Congress, 67% Of Senate Are Millionaires
With Americans increasingly becoming concerned about the state of income inequality in their country, a new report is showing that the disparity between the average American’s wealth and that of their Congressional representative is, to put it mildly, stark, with the Center for Responsive Politics reporting that nearly half of Congress is worth more than [...]
Rebecca Ruiz McGill
September 5, 2012
The U.S.-Mexico border is the border in the world with the greatest disparity in access to food and water needed for human survival, according to a report commissioned and published by the Southwest Center at the University of Arizona.
An endowment from the Kellogg Foundation and a UA Confluencenter for Creative Inquiry grant supported the study and its focus on assessing transborder food systems to understand water scarcity and food insecurity within [...]
Housing takes up the largest proportion of citizens’ incomes
The poor spend the biggest percentage on basic living
Middle classes use up the largest proportion on transport
Affluent can devote more money to education and retirement
The disparity between America’s richest and poorest residents has never been more apparent.
The affluent living in sprawling multi-million dollar mansions in Beverly Hills while the hard-up make ends meet in trailer parks. In between are swathes of middle [...]
Barack Obama spent more than three times what Romney did in June and raised less money than his Republican opponent but polls indicate his expensive attacks have had little or no effect.
It was the second consecutive month that Romney had outraised the president. The Republican’s cash money advantage has prompted Obama’s campaign advisers to warn supporters earlier this month that he could lose his re-election bid if the disparity continues.
* Argentines reacting to foreign exchange restrictions
* About $100 mln in dollars withdrawn every day
* Rush toward greenback started in November
By Jorge Otaola
BUENOS AIRES, June 8 (Reuters) – Argentine banks have seen a third of their U.S. dollar deposits withdrawn since November as savers chase greenbacks in response to stiffening foreign exchange restrictions, local banking sources said on Friday.
Depositors withdrew a total of about $100 million per day over the [...]
Couple who ‘hook up’ early have the same ‘relationship quality‘ as those who wait, claims study
One-night-stands have a reputation – and can having too many of them can give you a reputation.
But a University of Iowa study suggests that having one-off sex at the end of the night might not be a relationship killer – it’s how you handle the situation in the morning that makes the difference.
Sociologist Anthony Paik surveyed [...]
But the real stunner comes early in the report, and the media write ups thus far seem to have missed it completely. Recall that the trade that felled MF Global was one directed by Corzine, and has been depicted as a repo-to-maturity trade, in which the maturity of the repo matched that of the underlying asset exactly. That in turn allowed the trade to be treated as off balance sheet, [...]
“SACRAMENTO – State Controller John Chiang today released his monthly report covering California’s cash balance, receipts and disbursements in April, showing monthly revenues came in $2.44 billion below (-20.2 percent) the latest projections contained in the Governor’s proposed 2012-13 Budget.
“The task of crafting a credibly-balanced budget has been made more difficult by a nine-month revenue shortfall of $3.5 billion,” said Chiang. “Without a timely, financeable budget plan, the State will be [...]
During the daily press briefing at the White House, Press Secretary Jay Carney was pummeled with questions surrounding about Joe Biden’s comments supporting gay marriage on ”Meet the Press” yesterday.
On Sunday, Biden said he was “comfortable” with the concept of gay marriage and equal rights for gay couples.
On Monday, in a further attempt to clarify those remarks, Carney said that the Vice President Biden was expressing his “personal views.”
“He has his [...]
April 27, 2012
When most people hear about the redistribution of wealth they think of welfare payments and health care for the elderly, but the real redistribution of wealth is from the 99% to the 1%, not the other way around. The rapid expansion of the money supply by the Federal Reserve does not flow into the economy evenly, but is added in at distinct points.
The most distinct of these [...]
From Frank Holmes of U.S. Global Investors:
…As investment managers, we continuously weigh the evidence, dissecting macro factors in the market and comparing historical data. We believe this is the best way to find the next opportunity for our shareholders. Using history as our guide, we compared the performance of oil and gold companies against the results of the underlying commodities over the past three years.
West Texas Intermediate (WTI) crude oil [...]
FOUR weeks ago, I criticized The New York Times for overplayingan article on an investment made by Ann Romney’s blind trust. The article was but one installment of the intense campaign coverage scrutinizing Mitt Romney as he bids for the Republican presidential nomination.
During this period, we haven’t heard as much from The Times about President Obama’s re-election effort.
There is precedent for the disparity. The Republican primary fight is a prelude to the general [...]
Land Destroyer Report
April 22, 2012
Pentagon’s Fear of Technological Progress Mirrors Global Elite’s Fear of Progress in General.
US Army General Martin Dempsey delivered an April 2012 speech at Harvard University where he addressed what he calls the “security paradox,” where he stated, “although geopolitical trends are ushering in greater levels of peace and stability worldwide, destructive technologies are available to a wider and more disparate pool of adversaries.” Dempsey related his greatest [...]
Customers visiting a New York gas station were outraged to find that the price of petrol had shot up to $6 a gallon.
A Gulf station in Medford, Long Island, is charging drivers who pay by credit card almost two dollars more per gallon than those who pay by cash.
The gap became more pronounced as the station in question increased the price of gas per gallon to $6 for those paying [...]
Statistics show a deep divide in opinions along racial lines regarding the killing of a black Florida teenager, Trayvon Martin, by George Zimmerman, who is of mixed ethnicity, white and Hispanic.
Zimmerman has claimed self-defense, invoking the Sunshine State’s “Stand Your Ground” law which has also come under intense scrutiny in the wake of the incident.
Reuters news service reported last week, 91% of blacks believe Martin was unjustly killed, while only [...]
For you single folks out there…
Doomsday Dating Sites: “Don’t Face The Future Alone” (March 29, 2012)
“Survivalist Singles, which officially launched in 2010, boasts the slogan, “Don’t face the future alone.” Its ranks are growing — quadrupling to about 1,640 members from around 400 at the end of 2010.”
“For female preppers interested in finding a man, the site is a dating goldmine. There are currently about two men for every woman on the [...]
$105,637 for Me, $80 for You!
By Phil of Phil’s Stock World
Isn’t this economy FANTASTIC?
It sure is for those of us in the top 1% (1.4M) - people earning over $352,000 in annual income. We made $105,637 more Dollars in 2010 than we did in 2009 - thanks in large part to the Fed’s fantastic policy of printing more and more money, which lets us borrow cheaply or invest with leverage in inflating equity as [...]
The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export in December, according to the latest update by theJoint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data.
The OPEC heavyweight saw production decline by 237,000 barrels per day (bpd) from three-decade highs of 10.047 million bpd in November, the JODI data showed on Sunday.
The draw-down was sharper for the [...]
From Dr. David Eifrig in Retirement Millionaire:
If you’ve ever opened a yogurt container and been tempted to pour off the liquid swishing around on top, don’t. That liquid is swimming with millions of bacteria that provide yogurt’s key benefit.
The bacteria are called “probiotics” – literally “good bugs.” Probiotics have mean sounding names like Lactobacillus bulgaricus and Bifobacterium bifidum, but basically, they work to improve digestion and enhance your immune system. Eating [...]
Click on the video when you open the page.
On Tuesday, the GOP candidate admitted that his tax rate is probably less than that of middle-class workers. He said that most of his income comes from investments, which are taxed at a lower rate, and that his speaking fees amounted to “not very much” (they totaled $374,327.62 from February 2010 to February 2011).
Speaking to Jon Stewart, Nocera praised the Republican primary [...]
by Meredith Galante
Building upwards seemed to be the most efficient way to jam more people in Manhattan for years. But now, even the sky seems to have reached its limit, and the only place left to build is Brooklyn.
While Manhattan is planning 5,000 new residential units, Brooklyn has plans for more than 14,000 new units, Nancy Packes, a consultant to some of the city’s largest developers, told the The Wall Street Journal.
Packes told The WSJ that the [...]
Gangsters and Banksters
The Occupy movement has focused public attention on the vast and growing disparity of wealth and power in the US, and increasingly in other affluent nations. You’ve all seen the statistics — essentially all of the increase in real wealth and income over the last 40 years has accrued to less than 1% of citizens, and for the other 99% real wealth and income have declined, in some [...]
By John W. Schoen, Senior Producer
A handful of states would be hit harder than others by the looming expiration of long-term unemployment insurance benefits, according to an analysis by economists at IHS Global Insight.
The decision to renew the emergency program, which provides federal funding to extend weekly unemployment benefits for up to 99 weeks in some states, is in limbo as Congress deadlocks once again over a year-end package of budget [...]