Edward Snowden

Open Letter To Obama

July 26, 2013 President Barack Obama The White House 1600 Pennsylvania Avenue, N.W. Washington, D.C. 20500 Re: Civil Disobedience, Edward J. Snowden, and the Constitution Dear Mr. President: You are acutely aware More »

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U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

Huffington Post July 1, 2013 By Mark Gongloff Big, profitable U.S. companies paid an average federal tax rate of less than 13 percent in 2010, according to a new study — or More »

jeff olsen

Man Tried for Chalk Drawings Found Not Guilty

NBC San Diego July 1, 2013 By Christina London The man accused of vandalism for drawing with chalk outside banks has been found not guilty on all charges. A jury returned its More »

freedom-of-the-press

The Bigger Story Behind the AP Spying Scandal

Washington’s Blog/Global Research May 20, 2012 By George Washington Attack on the Press You know that the Department of Justice tapped scores of phone lines at the Associated Press. You might have More »

anon

‘Anonymous’ Hacker Explains Why He Fled The US

Business Insider Mar. 2, 2012 By Michael Kelley Anonymous is front and center these days: the amorphous hacktivist group has been publishing internal data of U.S. banks while prominent members are prosecuted More »

Tag Archives: inequality

One Year’s Salary : Europe Caps Banker Bonuses

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Spiegel Online
Mar. 2, 2012

In a bid to address widespread public outrage over greed in the financial sector, European officials have agreed to legislation capping bankers’ bonuses at a maximum of a year’s salary. Great Britain fought to prevent the measure, but failed to rally enough support.

Starting in 2014, banks in the European Union must limit bonus payments for their employees. After some 10 months of tough negotiations, top European officials agreed late on Wednesday in Brussels to cap bonuses at a maximum of one year’s base salary.

“For the first time in the history of EU financial market regulation, we will cap bankers’ bonuses,” said the European Parliament’s head negotiator, Austria’s Othmar Karas, in a statement. “The essence is that from 2014, European banks will have to set aside more money to be more stable and concentrate on their core business, namely financing the real economy, that of small and medium-sized enterprises and jobs.”

Judge Limits a Police Stop-and-Frisk Program in the Bronx

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New York Times
Jan. 8, 2012
By

A federal judge ruled on Tuesday that the New York Police Department’s practice of stopping people suspected of trespassing outside private buildings in the Bronx was unconstitutional.

The decision appears to be one of the more significant federal rulings during the Bloomberg administration on the Police Department’s use of stop-and-frisk tactics, which the administration has credited with helping lower crime rates in the city.

The case was narrowly focused on police stops in front of the private residential buildings enrolled in the Trespass Affidavit Program in the Bronx. Under that program, which includes several thousand residential buildings, property managers have asked the police to patrol their buildings and to arrest trespassers.

Inequality ‘highest for 20 years’ – Save The Children

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BBC News
Oct. 31, 2012

Global inequalities in wealth are at their highest level for 20 years and are growing, according to a new report by Save The Children.

While the charity acknowledges progress has been made in goals such as reducing child mortality, the report says this has been uneven across income groups.

Continuing inequality could hinder further progress in improving living standards, the charity says.

The report comes ahead of a meeting of a high-level UN panel on poverty.

“In recent decades the world has made dramatic progress in cutting child deaths and improving opportunities for children; we are now reaching a tipping point where preventable child deaths could be eradicated in our lifetime,” Save the Children’s chief executive, Justin Forsyth, said.

Bank of England official: Occupy Movement right about global recession

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Guardian
Oct. 29, 2012
By

The Occupy Movement has found an unlikely ally in a senior Bank of England official, Andrew Haldane, who has praised protesters for their role in triggering an overhaul of the financial services sector.

Haldane, who oversees the City for the central bank, said Occupy acted as a lever on policymakers despite criticism that its aims were too vague. He said the protest movement was right to focus on inequality as the chief reason for the 2008 crash, following studies that showed the accumulation of huge wealth funded by debt was directly responsible for the domino-like collapse of the banking sector in 2008.

Speaking at a debate held by the Occupy Movement in central London, Haldane said regulations limiting credit use would undermine attempts by individuals to accumulate huge property and financial wealth at the expense of other members of society. Allowing banks to lend on a massive scale also drained funding from other industries, adding to the negative impact that unregulated banks had on the economy, he said.