Inequality has many sources, but political and technological dynamics are key factors.
by Charles Hugh Smith, Of Two Minds:
You may have seen this video on Wealth Inequality in America, which has gone viral. I have shown the same data for years in charts and discussed it at great length: Made in U.S.A.: Wealth Inequality (July 15, 2011).
The bottom 80% of American households held a mere 7% of these financial assets, while the top 1% held [...]
Jul 27, 2012 2:01 PM ET
The Federal Election Commission today said that it would require groups funding issue ads, such as the U.S. Chamber of Commerce and Crossroads GPS, to disclose their donors.
The FEC ruling applies only to what are known as “electioneering communications,” so-called issue ads that run before an election and mention a federal candidate without urging viewers to vote for or against the person. “Independent expenditures,” which [...]
Eduard Korniyenko / Reuters
An official in Stavropol showing what a webcam feed from a polling station will look like during the March 4 vote.
VELIKY NOVGOROD — In this historic city that was once the cradle of Russian democracy, an unprecedented new campaign kicked off over the weekend to install web cameras in every polling station around the country in an effort to prevent voting fraud.
The ambitious program — costing billions of rubles — was ordered by Prime MinisterVladimir Putinfollowing the largest public protests [...]
Three of South Carolina’s top political leaders announced Tuesday their plans to file a lawsuit against the U.S. Department of Justice’s decision to block the state’s controversial voter ID law.
Attorney General Alan Wilson said he will file a lawsuit within the next two weeks against the Justice Department in Washington D.C. district court.
It’s necessary, Wilson said, to protect the integrity of South Carolina elections.
“Our intent of the office is to [...]
Iowa: The Meaningless Sideshow Begins | Matt Taibbi | Rolling Stone
But the ugly reality, as Dylan Ratigan continually points out, is that the candidate who raises the most money wins an astonishing 94% of the time in America.
That damning statistic just confirms what everyone who spends any time on the campaign trail knows, which is that the presidential race is not at all about ideas, but entirely about raising money.
The auctioned [...]