Saturday, September 4, 2010

Happily ever after


 UNIVERSE WITHIN by Gwen Randall-Young
Every end is a new beginning.
– Proverb
Why is it that close to half of all marriages end in divorce? Are we more fickle, less committed, more restless and always searching for more?
We fall in love and it feels so wonderful that we want it for the rest of our lives. We get married, promising to love one another until death. We fall in love not only with the person, but also with the dream, the vision of what we think our life should be. At this moment in the evolving vision, we press pause and say that this is the picture I choose for my life.
It is the very human, egoic part of our being that does it this way. At the time, it is all that we know. We think we are the director of our life story and that we can set the agenda. If this were true, marriages would not end in divorce, accidents would not happen, loved ones would not die before we are ready to let them go and we would achieve all we desire.
Ego does not like to acknowledge that on this journey, the power is shared. We are only one half of the equation; the universe is the other half. This second half is the manifestation of soul’s destiny or purpose.
Imagine a sailboat setting out to sea. All the charts and weather patterns have been studied and a smooth, enjoyable journey is expected. Now imagine there is a sailing coach who has the ability to manipulate the oceans. He decides that, while a smooth journey would be nice, the sailor is very capable and would learn so much more if there were challenges along the way. He knows that while the challenges will be difficult, the sailor will gain strength and wisdom in struggling through them.
So the sailor sets out prepared to have an easy sail, with lots of rest and relaxation. A few days in, he discovers it will be anything but. He encounters rough seas with high waves and has to push himself to the limit to manage them. Eventually, the storm passes and he thinks the worst is now over and he can finally relax. Of course, the moment he does relax is the moment the rogue wave hits.
Our life’s journey and our relationships often go this way. While the ego plans to fall in love and live happily ever after, the soul’s agenda involves so much more. Sometimes, it seems like this: two people are drawn together with a powerful attraction and know they want to be together. Things go well as they plan their lives. Children come and they are overjoyed. A few, or many, years later, they are just not happy with each other and with their lives. Despite all of their efforts, they cannot get the feelings back. The love has faded, if not died.
It seems as though while they were dreaming, the bigger agenda involved bringing the souls of their children into this world. Those souls picked this mom and that dad and so they had to be together to fulfill this purpose. Once the purpose was fulfilled, there was no longer any reason for them to stay together. In fact, the universe had other agendas in which they needed to participate. Unaware of this, they go through all the pain and angst about how this should not have happened, as we do tend to think of divorce as a breakdown or failure of something that should have lasted.
I think we still need to believe in love, make sincere commitments and aim for the lifelong love with which some are blessed. At the same time, we need to learn to accept that the universe sometimes has other plans for us and the ending of the marriage is really no one’s fault. With this, we can learn to let go gracefully and honour one another for the gifts that surely were there, once upon a time.
 
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Gwen Randall-Young is a psychotherapist in private practise and author of Growing Into Soul: The Next Step in Human Evolution. For more articles, permission to reprint and information about her books and “Deep Powerful Change” personal growth/hypnosis CDs, visit www.gwen.ca. See display ad this issue.



Friday, September 3, 2010

Reformed Venezuelan Insurance Law to Combat Health Insurance Abuses



Merida, September 1st, 2010 (Venezuelanalysis.com) – Some Venezuelan insurance companies are resisting Venezuela’s reformed Insurance Activity Law, which attempts to address social exclusion in private health insurance, better protect the rights of insurance benefiters, and obliges companies to cover pre-existing conditions, among other things.

The National Assembly passed the law on 25 May this year, and it became applicable at the end of July. The law now applies to companies supplying prepaid medicine and to insurance cooperatives, and signifies that insurance companies are now subject to greater regulation by the state.

One key change is article 40, which requires emergency cases in private clinics be treated straight away, rather than waiting for authorisation by the insurance company.
“This article establishes some social justice, because no one can understand how a third person, without any medical training, can decide if a patient arriving at an emergency clinic, is treated or not,” said legislator Tirso Silva.
Pre-existing or acquired illnesses, such as congenital defects, must now be included in hospital, surgery and maternity insurance contracts.

This means, “patients with cleft lip or cleft palate, or morbid obesity, for example, could receive surgery without it being considered aesthetic,” Silva explained.

Before, it was very difficult for patients to claim their insurance, with many companies applying a “contractual limbo” in order to not have to explain why they were rejecting the request. Now the law states they must provide facts and legal reasons as to why they have rejected the request.

“When you go to the barrios, you realise that people don’t have any insurance. Even though they can count on the [health] Mission Barrio Adentro and the Integral Diagnostic Centres, only people who work in the formal economy enjoy insurance,” said Tomas Sanchez, the new president of Previsora Insurance, a recently nationalised insurance company.

Hipolito Garcia, president of the Venezuelan Society of Hospitals and Clinics, said that 12 million people out of Venezuela’s 28 million are currently covered by some kind of private health insurance.
Article 134 establishes the obligation of insurance companies to provide plans for retired people, pensions, the elderly, people with disabilities and for people with physical or mental illnesses.
Also, it is now obligatory to provide insurance coverage to those who earn less than 25 tax units per month; currently Bs 1,625 (US$ 377). “The aim of this coverage, known as the health solidarity plan, is to guarantee patients with chronic illness such as cancer, continued medical assistance,” Silva said.

Through article 13, those who feel that their rights have been violated can go to their communal council, which is then obligated to investigate and refer the complaint to the Superintendency of Insurance Activity
Finally, article 31 authorises state owned companies to function like insurance companies, in order to be able to provide medical protection to their employees and their families.

Since the law took effect on 29 July when it was published in the official gazette, some businesses have objected. The Chamber of Insurers of Venezuela (CAV) complained that emergency cases have “never been denied”, despite AVN reporting many accusations to the contrary by patients and their families.
The regional newspaper Nueva Prensa reported that many companies, especially in the centre of Venezuela were “reluctant” to comply with the reformed law.
An unnamed “expert” told Nueva Prensa that there was an unconstitutional aspect to the law, in that the Superintendency of Insurance Activity now has access to companies’ information systems. The Superintendency of Insurance Activity is the body that monitors insurance companies, and can apply substantial fines if the companies don’t comply with the law.
Also, two weeks ago the National Assembly announced that it would conduct a study of the real costs of private health care clinics. Legislator German Ferrer said the assembly considered the increased tariff rates, some of which were increased in response to the law, were an “exaggeration”.
Last month the government forcefully expropriated the insurance company La Previsora.  The company was linked to three banks that were nationalised at the end of last year for violating banking regulations. La Previsora was also generating losses, fraud, and was two months behind on its payments for contracts with public institutions.

La Previsora is now run by the government and forms part of the new National Socialist Network of Insurance and Mixed Social Assistance.

In response to the situation with La Previsora, the reformed law also prohibits financial links between insurance and banking sectors. Banks can not now oblige their clients to take out insurance with a connected company or sell policies through bank tellers.

The change is also in response to the 1994 financial crisis in Venezuela, when banks that had shares in insurance companies pulled down those companies and clients could not receive benefits.
Responding to the inaccessibility of insurance for poorer sectors, Sanchez said that now La Previsora Insurance, as a state company, would offer “solidarity” policies for the excluded sectors of society, including organised sectors such as the communal councils.

Sanchez also said in the long term, the system of insurance should be absorbed by the national health system, but in the meantime, “in the period of transition, we’re going to provide the service through companies and through these solidarity policies.”

Regarding the future of health in Venezuela, “There’ll be a growth in the socialist mentality of the [government trained] doctors, who are starting to graduate and who guarantee that medicine won’t continue to be a business, something for profit,” Sanchez concluded.

Published on Sep 3rd 2010 at 1.27pm 

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Another Day, Another Oil Rig Explodes

Sept 2, 2010
Margot -

Our dependence on dirty fuels isn't doing America any favors. Yesterday, another oil rig in the Gulf of Mexico exploded sending a dozen workers to the hospital and clean-up crews scrambling to protect us from the possibility of another massive oil spill disaster.

While it looks today like a new environmental catastrophe may have been averted, what will happen tomorrow? It's not like we haven't had enough warnings. In fact, Mariner Energy, the owners of the oil rig, have been involved in at least 13 different offshore accidents since 2006 -- in the Gulf of Mexico alone.

It's time for America to stop spending $35 billion of taxpayer dollars on dirty fuels and invest that money in green jobs and renewable energy. Members of Congress and candidates for office up and down the ballot need to know where we stand today.

DEMAND CONGRESS TAKE ACTION -- ADD YOUR NAME NOW

You won't be alone when you add your name. Not only have thousands of Americans already joined our campaign with our friends at TrueMajority and CREDO Action, but now Senator Robert Menendez is standing up to take the lead in making it happen. Senator Menendez committed to ending Big Oil bailouts and has promised to introduce legislation after Congress returns from August recess.

Senator Menendez is a powerful ally. He's a member of the committees on Banking, Finance and the Environment and the Chair of the Democratic Senatorial Campaign Committee. There's no doubt he's an important member of Democratic leadership in the U.S. Senate, but he can't do this without us.

The more support he can show from Americans across the country demanding an end to Big Oil Bailouts, the more of his Senate colleagues he'll be able to bring on board. Right now, we have 50,000 signers on our petition to stop Big Oil bailouts. Can we get it to 75,000 Americans before Congress returns after Labor Day?

CLICK HERE TO WATCH SEN. MENENDEZ ON MSNBC AND BACK HIM UP BY ADDING YOUR NAME TODAY

There's never been a better time to pressure Congress and all candidates for office to take on Big Oil than now. Let's not miss this vital opportunity to move America and our environment forward.

-Charles

Charles Chamberlain, Political Director
Democracy for America


Democracy for America relies on you and the people-power of more than one million members to fund the grassroots organizing and training that delivers progressive change on the issues that matter. Please Contribute Today and support our mission.

Paid for by Democracy for America, http://www.democracyforamerica.com/?akid=179.1527674.yoAgUW&t=3 and not authorized by any candidate. Contributions to Democracy for America are not deductible for federal income tax purposes.

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Thursday, September 2, 2010

Disappearing Amazon: Congratulations to Brazil’s Cattle Ranchers

01.09.2010

Disappearing Amazon: Congratulations to Brazil’s Cattle Ranchers
The Amazon rainforest belongs to Brazil and nobody else. That being said, despite the fact that the rate of deforestation has slowed considerably in recent years, fifteen per cent of the area once covered by the rainforest has now disappeared, according to research undertaken by the Brazilian Institute of Geography and Statistics.

The Brazilian Institute of Geography and Statistics (IBGE)* has released data today revealing that the total area of the Brazilian rainforest has been reduced by 15 %, although in recent years the rate of deforestation has decreased. Reaching a peak in 2004, by 2009, the area destroyed was just one third of that cut down five years before.

The campaign by President Lula’s Government started to kick in, in terms of results, in recent years: between 2007 and 2009 forest fires were reduced by 63%, while between 1997 and 2004, the area destroyed showed a continuous increase.

The report claims that the main source of emission of harmful GEG gases in Brazil is the destruction of the rainforest, because the fires represent around 75% of Brazilian carbon dioxide emissions. IBGE states that this statistic puts Brazil among the 10 highest producers of GEG.

* IBGE Sustainable Development Indicators´

João MOREIRA

BRAZIL

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Pakistan's Worst Natural Disaster in History Affects 13.8 Million

Pakistan's Worst Natural Disaster in History Affects 13.8 Million
 
Pakistan's Worst Natural Disaster in History Affects 13.8 Million
 
Thousands of people fled a major city in central Pakistan as authorities warned that swollen rivers could soon submerge the area, making them victims of the worst natural disaster in the nation's history.
 
The UN, relying on Pakistani figures, said the number of people affected by flooding over the past two weeks was now 13.8 million - more than the combined total of the 2004 Indian Ocean tsunami, the 2005 Kashmir earthquake and the 2010 Haiti earthquake, although the death toll in each of those disasters was much higher than the 1,500 people killed in the floods, The Press Association says.
 
“The flood and the devastation caused a very huge human catastrophe,” Safder Hussain Mehkri, a vice chairman of the Rice Exporters’ Association of Pakistan, said by phone today. “We need to rebuild the lives of these people.” 

 
The flooding is “Pakistan’s worst national disaster,” Prime Minister Yousuf Raza Gilani said in a televised speech yesterday. On a tour of Sindh and Punjab, the country’s most populous provinces and its biggest agricultural zone, Gilani told reporters that the destruction of roads, bridges and towns has set Pakistan’s economic development back by years, Bloomberg informs. 

 
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Doomsday Scenario: Food Prices to Shoot Through the Roof

30.08.2010
 
Doomsday Scenario: Food Prices to Shoot Through the Roof
Doomsday Scenario: Food Prices to Shoot Through the Roof

The worst weather on record coupled with the practice of speculation in the commodities markets are set to send food prices skyrocketing, bringing misery and starvation to large swathes of the world’s population. Are we set to see food riots this winter?

In the USA, Walmart has already announced a price hike of 5.8% on average for a 31-item basic basket for this Autumn. The long-term rise, however, is far more frightening, with the UNO predicting an increase of 60 per cent by 2030.
What is happening?
 
When there is a massive price spike, such as the case in recent years, followed by more price rises (as is the case today) the markets panic and speculative buying sends the prices through the roof. The market economy system is indeed not all about supply and demand but is also, and fundamentally, fuelled by speculative trading, with spot buyers buying future positions of commodities. When they are scarce, and the more so when the market senses that a scarcity exists, the price goes up.
This is what is happening today. September corn is up by 3.6% a bushel, wheat by 34 cents. In July the price of wheat shot up by the highest quantity in the last 50 years: 42 per cent. This in turn will push up prices of pasta, bread and cereals in the near future. 

Prices set to rise for 12 to 18 months
Analysts predict upward trends in wheat, corn, soybeans, bean oil and bean meal and the general feeling is a continued rising trend over the next 12 to 18 months. As usual, no mechanisms have been activated to protect the world’s poorer populations from the dramatic effects of supply issues and the resulting speculation in prices. 

Global production downturn
Russia reports a drop in production of around 20 per cent due to dry weather conditions. Drought has also affected Ukraine (where maximum production is set to reach just 66% of domestic demand) and Kazakhstan, while floods have affected 13 million acres of cereals in Canada and have wiped out a large part of China’s harvest. Germany’s wheat production is ten to twenty per cent down on 2009; in Argentina dry conditions mean that only 80% of the arable land for cereals has been planted.

The S word: Speculation
In today’s market economy system, what drives the prices is not only supply and demand but also the S word: Speculation, where a handful of players push prices sky high and way beyond the reaches of the pockets of the average consumer. If the system were based upon supply and demand then the price of soybean would be bearish (top-down attack, falling), because the main producers (Brazil, Argentina and the USA), have had a good harvest. Then why is the price of soybean bullish (bottom-up attack, rising)? 

Because cash premiums are forcing the soybean futures rates higher as a process of over-consumption of soybean is noticed in the marketplace (soybean is present these days in most foodstuffs and other consumable items). So much so, that the price of soybean would have to rise a further 50 to 80% to curb the current demand.
And it makes sense for this to happen…and that is going to affect the price of everything we eat.
Couple this with the rising cost of transportation (crude and natural gas prices are set to rise from September) and we see our comfortable little monetarist-oriented market economy system has engendered another fine crisis looming on the horizon. Watch this space. 

Vast swathes of the planet are set to go hungry. Those who were previously hungry may starve. It is the Doomsday Scenario and it is upon us. And it is caused not by the lack of supply or scarcity of abundance. It is caused by this manic, inhumane system, the S-word, Speculation. 

Timothy BANCROFT-HINCHEY
PRAVDA.Ru

The Age of Mammon [Feature article]

by Jim Quinn
link for the graphs... too many to post here...
http://www.lewrockwell.com/quinn/quinn37.1.html

"Financiers – like bank robbers – do not create wealth. They merely distribute it. While the mob may idolize holdup men in good times, in the bad times it lynches them. What they will do to the new money men when their blood is up, we wait eagerly to find out." ~ Mobs, Messiahs and Markets

As our economy hurtles towards its meeting with destiny, the political class seeks to assign blame on their enemies for this Greater Depression. The Republicans would like you to believe that Bill Clinton, Robert Rubin, Chris Dodd, and Barney Frank and their Community Reinvest Act caused the collapse of our financial system. Democrats want you to believe that George Bush and his band of unregulated free market capitalists created a financial disaster of epic proportions. The truth is that America has been captured by a financial class that makes no distinction between parties. These barbarians have sucked the life out of a once productive nation by raping and pillaging with impunity while enriching only them. They live in 20,000 square foot $10 million mansions in Greenwich, CT and in $3 million dollar penthouses on Central Park West.

These are the robber barons that represent the Age of Mammon. The greed, avarice, gluttony and acute materialism of these American traitors has not been seen in this country since the 1920's. The hedge fund managers and Wall Street bank executives that occupy the mansions and penthouses evidently don't find much time to read the bible in their downtime from raping and pillaging the wealth of the middle class. There are cocktail parties and $5,000 a plate political "fundraisers" to attend. You can't be cheap when buying off your protection in Washington DC.


Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also. No one can serve two masters, for either he will hate the one and love the other; or else he will be devoted to one and despise the other. You cannot serve both God and Mammon. ~ Matthew 6:19–21, 24



It seems that Lloyd Blankfein, the CEO of Goldman Sachs, may have been overstating the case in saying his firm is doing God's work. With his $67.9 million compensation in 2007 and payment of $20.2 billion to his co-conspirators, Blankfein appears to be a proverbial camel trying to pass through the eye of a needle. This compensation was paid in the year before the financial collapse brought on by the criminal actions of Lloyd and his fellow henchmen. After having his firm bailed out by the American middle-class taxpayer at the behest of his fellow Goldman alumni Hank Paulson, Lloyd practiced his version of austerity by cutting compensation for his flock to only $16.2 billion ($500,000 per employee) in 2009. I'm all for people making as much money as they can for doing a good job. But, I ask you – What benefits have Goldman Sachs, the other Wall Street banks, and hedge funds provided for America?


Never have so few, done so little, and made so much, while screwing so many.

In 2005, the top 25 hedge fund managers "earned" $9 billion, or an average of $360 million. One year after a financial collapse caused by the financial innovations peddled by Wall Street, the top 25 hedge fund managers paid themselves $25 billion, or an average of $1 billion a piece. For some perspective, there were 7 million unemployed Americans in 2006. Today there are 14.6 million unemployed Americans. While the country plunges deeper into Depression, the barbarians pick up the pace of their plundering and looting of the remaining wealth of the nation. Bill Bonner and Lila Rajiva pointed out a basic truth in 2007, before the financial collapse.


"On the Forbes list of rich people, you will find hedge fund managers in droves, but no one who made his money as a hedge fund client." ~ Mobs, Messiahs and Markets

Ask the clients of Bernie Madoff how they are doing.


1920's Redux

The parallels between the period leading up to the Great Depression and our current situation leading to a Greater Depression are revealing. When you examine the facts without looking through the prism of party politics it becomes clear that when the wealth and power of the country are overly concentrated in the clutches of the top 1% wealthiest Americans, financial collapse and depression follow. This concentration of income and wealth did not cause the Stock Market Crash of 1929 or the financial system implosion in 2008, but they were a symptom of a sick system of warped incentives. The top 1% of income earners were raking in 24% of all the income in America in 1928. After World War II until 1980, the top 1% of income earners consistently took home between 9% and 11% of all income in the country.

During the 1950's and 1960's when Americans made tremendous strides in their standard of living, the top 1% were earning 10% of all income. A hard-working high school graduate could rise into the middle-class, owning a home and a car.




From 1980 onward, the top 1% wealthiest Americans have progressively taken home a greater and greater percentage of all income. It peaked at 22% in 1999 at the height of the internet scam. Wall Street peddled IPOs of worthless companies to delusional investors and siphoned off billions in fees and profits. The rich cut back on their embezzling of our national wealth for a year and then resumed despoiling our economic system by taking advantage of the Federal Reserve–created housing boom. By 2007, the top 1% again was taking home 24% of the national income, just as they did in 1928. When the wealth of the country is captured by a small group of ruling elite through fraudulent means, collapse and crisis becomes imminent. We have experienced the collapse, while the crisis deepens.


Figure 4: Share of wealth held by the Bottom 99% and Top 1% in the United States, 1922–2007



It's Good To Be the King

The Wall Street oligarchs were able to accumulate an ever-increasing portion of corporate profits by inventing securitization, interest-rate swaps, and credit-default swaps which swelled the volume of transactions that bankers could make money on. These products were originally introduced as a means for corporations to hedge their risks. Wall Street shysters chose to use their "creative" financial products to build the biggest gambling casino in the history of the world. They functioned as the house, siphoning off billions in profits, but then got caught up in the hysteria and placed billions of bets themselves. This resulted in the financial industry generating 41% of all business profits in 2007. From World War II through 1980, financial industry profits ranged between 10% and 15%. Simon Johnson explains the despicable hijacking that has taken place since then.


From 1973 to 1985, the financial sector never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19 percent. In the 1990s, it oscillated between 21 percent and 30 percent, higher than it had ever been in the postwar period. This decade, it reached 41 percent. Pay rose just as dramatically. From 1948 to 1982, average compensation in the financial sector ranged between 99 percent and 108 percent of the average for all domestic private industries. From 1983, it shot upward, reaching 181 percent in 2007.




The original robber barons amassed huge personal fortunes, typically through the use of anti-competitive business practices. These well-known titans of industry included Henry Ford, Andrew Carnage, John D. Rockefeller, and JP Morgan. They may have practiced questionable business ethics, but they did create wealth while benefitting the country as a whole. They introduced the automobile, provided the nation with steel, produced the oil that powered our economy, and brought order to industrial chaos of the day. It seems their fortunes were built by creating rather than destroying.


The disgustingly rich Wall Street wheeler dealers who live in Greenwich CT and NYC and summer in the Hamptons have created nothing. Their immense wealth has been created through draining the economic system of its lifeblood. Their financial innovations have created no lasting benefit for our society. Wall Street knowingly created no documentation (liar loans) mortgage loans, Option ARM loans, and subprime loans. You do not create products that beg for fraud unless you want fraud. The packaging of these fraudulent mortgages into CDOs and CDSs by Wall Street's crime machine benefitted Wall Street only.

Those who got the loans defaulted, lost the homes, and had their credit ruined. Wall Street financiers have lured the American public into debt with easy credit and a marketing machine geared to convince the average Joe that he could live just like the rich. Simon Johnson explained the phenomena in a recent article.

"Excessive consumer debt is an outcome of prolonged inequality – in trying to remain middle class, too many people borrowed too much, while unscrupulous lenders were only too willing to take advantage of such people."


You Call This Capitalism?

Capitalism is supposed to be an economic system in which the means of production and distribution are privately owned and operated for profit; decisions regarding supply, demand, price, distribution, and investments are not made by the government; Profit is distributed to owners who invest in businesses, and wages are paid to workers employed by businesses. The American economy is in no way a free market capitalistic system. It has become an oligarchic consumer capitalist society that is manipulated, in a deliberate and coordinated way, on a very large scale, through mass-marketing techniques, to the advantage of Wall Street and mega-corporations.


When you hear the Wall Street class on CNBC argue against tax increases for the rich, they hark to the fact that small businesses would be hurt most by the expiration of the Bush tax cuts. There are 6 million small businesses in the US, with 90% of them employing less than 20 employees. These are not the rich. The vast majority of these businesses earn less than $1 million per year. There are only about 134,000 people in America who make on average $2.5 million per year. There are another 600,000 people who make on average $760,000 per year. Out of a workforce of 150 million, less than 1 million rake in over $750,000 per year. These are not small businesses. They are the Wall Street elite, corporate CEOs and the privileged classes that control the power in NYC and Washington DC.




The following charts clearly show that perverse incentives in the US financial system have allowed corporate executives to reap ungodly pay packages, while the middle class workers who do the day-after-day heavy lifting in corporations have been treated like dogs. Considering the S&P 500, which measures the stock returns of the 500 largest companies in the U.S., has returned 0% for the last 12 years, the CEOs of these companies should be slightly embarrassed paying themselves 400 times as much as their average workers. Not in the age of mammon. Big-time CEOs are rock stars. Outrageous pay packages are a medal of honor in a world where humility and true honor don't exist.


Figure 6: CEOs' pay as a multiple of the average worker's pay, 1960–2007

Source: Executive Excess 2008, the 15th Annual CEO Compensation Survey from the Institute for Policy Studies and United for a Fair Economy.



Figure 7: CEOs' average pay, production workers' average pay, the S&P 500 Index, corporate profits, and the federal minimum wage, 1990–2005 (all figures adjusted for inflation)

Source: Executive Excess 2006, the 13th Annual CEO Compensation Survey from the Institute for Policy Studies and United for a Fair Economy.


The Depression that currently is engulfing the nation was 30 years in the making. The criminal Wall Street financiers are the modern day John Dillingers. They have mastered the art of stealing from the masses while convincing these same people that they should admire them because they are rich. This is the oddity about Americans as pointed out by Bill Bonner and Lila Rajiva.


"The poor genuinely believe the rich are better than they are. They are smarter and better educated. The poor even support low tax rates for the rich, as long as they have a lurking chance of joining them." ~ Mobs, Messiahs and Markets


The truth is that the poor have no chance of joining the rich. The game is rigged. The poor have admired the rich for decades. But, hard times have arrived. And they are about to get harder. The rich have armed guards to keep the poor at bay. They will need an army of guards before this crisis subsides.


Leonard Cohen sums it up perfectly in his song Everybody Knows:

Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows
Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died


September 1, 2010

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