Robert Stark Interviews Keith Preston on the Declining Middle Class & the Rise of Populism 1

Listen to the interview.

Robert Stark interviews Keith Preston of Attack the System on the decline of the American middle class and the prospects for radical populism. Topics include:

  • Joel Kotkin’s book The Next Hundred Million: America in 2050
  • Neo-liberalism
  • Left-wing oligarchy
  • The Tea Party
  • Cracks in the Left coalition
  • The emergence of a permanent Right-wing opposition
  • The decline of the Republican Party
  • The prison-industrial complex
  • Why more men than women are raped in America

Surviving the Economic Collapse 1

The Daily Bell

Introduction: Ron Holland is a contributing editor to several newsletters dealing with political and investing topics and author of several books, including Escape the Pension Trap. Originally from North Carolina, Ron lived in Geneva from 2003 to 2004 and divided his time between the US and Europe until 2012 when he moved to Toronto. Ron has developed and introduced several innovative investment products to investors in the US, including the first Swiss-franc denominated variable annuity portfolio licensed in the US. In his writing and conference presentations, Ron emphatically advocates global investment diversification into foreign currencies and non-US markets as essential for protection from the US government’s growing debt. Holland is particularly concerned about the vulnerability of retirement funds in the US, and consults to leading financial solutions providers seeking to provide viable options for citizens seeking protection. Ron’s latest book, Restoring Our American Legacy, will be available in digital format in November, 2013.

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Buy my book, damn it… 1

…because we know who you are and where you live. 🙂

Order here.

Photo: Buy my book, damn it...because we know who you are and where you live. :-)

Nepali Maoist leader adopts millionaire’s lifestyle Reply

The Telegraph

The leader of Nepal’s ruling Maoists, who led the country’s downtrodden masses in the guerrilla war which eventually overthrew its monarchy, has provoked a row among his comrades after acquiring a luxury mansion with a swimming pool and badminton court.

The leader of Nepal's ruling Maoists, who led the country's downtrodden masses in the guerrilla war which eventually overthrew its monarchy, has provoked a row among his comrades after acquiring a luxury mansion with a swimming pool and badminton court.

Unified Communist Party of Nepal Chairman Pushpa Kamal Dahal Photo: PRAKASH MATHEMA/AFP/Getty Images

Once Again—Death of the Liberal Class 1

Chris Hedges

Alexis Gravel (CC-BY-ND)

By Chris Hedges

The presidential election exposed the liberal class as a corpse. It fights for nothing. It stands for nothing. It is a useless appendage to the corporate state. It exists not to make possible incremental or piecemeal reform, as it originally did in a functional capitalist democracy; instead it has devolved into an instrument of personal vanity, burnishing the hollow morality of its adherents. Liberals, by voting for Barack Obama, betrayed the core values they use to define themselves—the rule of law, the safeguarding of civil liberties, the protection of unions, the preservation of social welfare programs, environmental accords, financial regulation, a defiance of unjust war and torture, and the abolition of drone wars. More…

Over 10% of US largest firms pay no tax 1

RINF.Com

One in nine companies listed on the S&P 500 paid an effective tax rate of zero percent over the past year.

Among companies listed on the S&P 500, almost one in nine paid an effective tax rate of zero percent – or even lower – over the past year, according to an analysis by USA Today.

There are 57 separate companies listed on the index that paid a zero percent rate from the past year. Those companies include both household names like Verizon and News Corp. and lesser-known corporate giants like the data storage manufacturer Seagate (market value $15.9 billion) and Public Storage (market value $29.5 billion). Many of the companies USA Today identified in its analysis as paying negative rates make the list because they lost money, but several were profitable. Previous analyses have shown that the typical corporation pays a lower effective tax rate than most middle-class families, and a far lower one than the statutory corporate tax rate against which business interests disingenuously rail.

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Seattle to buy land 103-year-old woman doesn’t want to sell Reply

MyNorthwest.Com

House_1.jpg

Seattle has another “Edith Macefield” refusing to sell her property.

An elderly woman has turned down the City of Seattle’s offer to purchase her prime, waterfront parking lot.

So, what does the city do?

The Seattle City Council voted 8 to 0 to acquire “through negotiation or condemnation” the waterfront parking lot that belongs to a 103-year-old Spokane woman.

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Goodbye, Mr. Middle Class Reply

By Rod Dreher

You think, “Why do I want to read an essay by the son of an Old Etonian, himself an Old Etonian, complaining that he can’t afford to send his son to Eton?” But then you start the piece from the Telegraph, and you think, “Oh, man, this guy is onto something.” Excerpts:

So my father went to Eton. I went to Eton. And my son goes to Bishop Luffa Church of England comprehensive. Now this comp is in no way bog standard. It achieves excellent exam results, produces confident, well-mannered children and provides a much wider social mix than you would find at a private school. Nevertheless, my son’s life chances are probably not as great as those of the average Old Etonian.

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Hairbraiding Is the Latest Civil Rights Struggle Reply

Huffington Post

Sixteen years ago, I was arrested by seven undercover cops, handcuffed and dragged out of my own salon in Texas. I was guilty of the “crime” of braiding hair without a cosmetology license.

Over the next decade, I fought hard for my civil rights. In 2007, the Texas legislature finally came to its senses and created a separate hair braiding certificate. That requires only 35 hours of training. Soon I was “grandfathered” in and became the very first natural hair care expert recognized by the state.

I thought my struggle for economic liberty was over. But the fashion police are at it again. This time, I’m taking them to federal court.

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Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs Reply

Think By Numbers

About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.

Before we look at the details, a heartfelt plea from the Save the CEO’s Charitable Trust:

There’s so much suffering in the world. It can all get pretty overwhelming sometimes. Consider, for a moment the sorrow in the eyes of a CEO who’s just found out that his end-of-year bonus is only going to be a paltry $2.3 million.

“It felt like a slap in the face. Imagine what it would feel like just before Christmas to find out that you’re going to be forced to scrape by on your standard $8.4 million compensation package alone. Imagine what is was like to have to look into my daughter’s face and tell her that I couldn’t afford to both buy her a dollar sign shaped island and hire someone to chew her food from now on, too. To put her in that situation of having to choose… She’s only a child for God’s sake.”

It doesn’t have to be this way. Thanks to federal subsidies from taxpayers like you, CEO’s like G. Allen Andreas of Archer Daniels Midland was able to take home almost $14 million in executive compensation last year. But he’s one of the lucky ones. There are still corporations out there that actually have to provide goods and services to their consumers in order to survive. They need your help.

For just $93 billion a year the federal government is able to provide a better life for these CEO’s and their families. That’s less than the cost of 240 million cups of coffee a day. Won’t you help a needy corporation today?

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The Rise of the New New Left Reply

Peter Beinhart

Maybe Bill de Blasio got lucky. Maybe he only won because he cut a sweet ad featuring his biracial son. Or because his rivals were either spectacularly boring, spectacularly pathological, or running for Michael Bloomberg’s fourth term. But I don’t think so. The deeper you look, the stronger the evidence that de Blasio’s victory is an omen of what may become the defining story of America’s next political era: the challenge, to both parties, from the left. It’s a challenge Hillary Clinton should start worrying about now.

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Is Peter Beinart Right About a ‘New New Left’? Reply

Rick Perlstein


Peter Beinart (AP Photo/David Goldman)

Peter Beinart is out with a major new argument in The Daily Beast about what the political future might hold in store for us. The headline writer calls it “The Rise of the New New Left,” and it begins by citing the recent victory of liberal populist Bill de Blasio in New York’s mayoral primary. “The deeper you look,” Beinart writes, “the stronger the evidence that de Blasio’s victory is an omen of what may be the defining story of America’s next political era: the challenge, to both parties, from the left.”

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