The USA Oligarchy-Austerity-Schadenfreude Thread

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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby justdrew » Sat Dec 11, 2010 10:18 pm

seemslikeadream wrote:
Study: Most money is contaminated with toxic chemical
A study released Tuesday by the Washington Toxics Coalition found "significant levels" of the chemical BPA on dollar bills and retail receipts.


Flame Retardants Found in Butter
There is currently no way to know how widespread this kind of chemical contamination is in food.
By Emily Sohn | Tue Dec 7, 2010 12:20 PM ET

As part of an ongoing investigation into chemicals in our food supply, scientists found extremely high concentrations of a flame-retardant compound in a supermarket sample of brand-name butter.

It is the first documented case of serious contamination in food in the United States with a class of chemicals known as PBDEs, or polybrominated diphenyl ethers.

Commonly used in furniture and electronics, among other products, PBDEs are known to disrupt hormone function and have been associated with a range of health concerns, including cancer as well as reproductive, developmental, and neurological problems.

Since no federal agencies currently track levels of chemicals like these in food, there is no way to know how widespread this kind of chemical contamination is in butter or other products. But it clearly happens at least sometimes.

"This study and others mean that we are getting episodic contamination with persistent organic man-made chemicals, and that every so often, the level is much higher than the day-by-day ordinary levels," said Arnold Schecter, a public health physician at the University of Texas School of Public Health in Dallas. His group recently found traces of the hormone-disrupting chemical BPA in a wide range of canned foods.

Even though the Senate just approved a sweeping new food safety bill that would give the U.S. Food and Drug Administration more power to prevent people from eating tainted food, Schecter added, the bill focuses only on bacteria, not chemicals.

"I would feel much more comfortable with the food we're all eating if I knew the federal government was trying to do large, systematic and periodic sampling to figure out which contaminants are getting in, what their route is, and how we can decrease their amounts," he said. "From what I've read, there does not seem to be any consideration for chemical contamination in the new bill, which is very unfortunate."

For years, Schecter and colleagues have been measuring levels of hormone-disrupting chemicals in both our bodies and our food. As the researchers looked through some of their data recently, they noticed high levels of one type of PBDE flame-retardant in a pooled sample of 10 kinds of butter.

To follow up, the researchers went back to the original 10 butter samples, which they had collected over a few months from Dallas grocery stores. After testing each type of butter separately, results showed that nine of them contained low levels of PBDEs, consistent with what previous studies have found in various foods. (PBDEs often enter the food supply as dust that gets in through soil, water and air).

But compared to those untainted samples, one pat of butter contained more than 135 times more of a PBDE called deca-BDE, the scientists report today in the journal Environmental Health Perspectives. Levels of that chemical in the butter's wrapper were even higher, Schecter said, suggesting that contamination came from the packaging.

"We had never seen or read anywhere about PBDE-contamination of food at such high levels," he said. "We were really startled. This is entirely new to us."

After talking with representatives from the company that made the butter, Schecter suspects that an electrical incident was to blame. If there was a fire or overheating in machines that contain PBDE flame-retardants, the chemicals could have ended up in the paper and later migrated into the butter.

Schecter wouldn't name the manufacturer, but he hinted that its headquarters are located near the Minneapolis-St. Paul metro area and he said that the company had recently advertised that it was using new and improved wrappers for its butter.

Another sample of the company's butter was tested in this study, but that one did not show the same high levels of contamination.

"We don't know whether this was a one-in-a-million occurrence, or whether there was some kind of processing or electrical incident that maybe government agencies could track down and figure out how the chemicals got in there," Schecter said.

Chances are, said Mike McClean, an environmental health researcher at the Boston University School of Public Health, the new study did not find the only sample of contaminated butter out there.

"Think of all the butter in the United States, and if in just 10 samples, you find one, that is super-high," McClean said. "I don't think they stumbled upon an isolated incident. I personally think you could go take 10 samples of lots of different types of foods and probably find something similar."

Rather than make consumers wary of grocery shopping, McClean added, the findings point to the need for regulators to work on preventing and detecting chemicals in our food in the first place.

"We basically have all of these chemicals in our bodies just from being in an indoor environment and from eating," he said. "You're certainly not going to be able to control that by being careful about what kind of butter you buy."


Formaldehyde in Wrinkle-Free Clothes May Pose Skin Risks
December 10, 2010
When Wrinkle-Free Clothing Also Means Formaldehyde Fumes
By TARA SIEGEL BERNARD

The iron, that relic of households past, is no longer required to look neat and freshly pressed. Why bother when retailers like Nordstrom offer crisp “wrinkle-free finish” dress shirts and L. L. Bean sells chinos that are “great right out of the dryer.”

Though it is not obvious from the label, the antiwrinkle finish comes from a resin that releases formaldehyde, the chemical that is usually associated with embalming fluids or dissected frogs in biology class.

And clothing is not the only thing treated with the chemical. Formaldehyde is commonly found in a broad range of consumer products and can show up in practically every room of the house. The sheets and pillow cases on the bed. The drapes hanging in the living room. The upholstery on the couch. In the bathroom, it can be found in personal care products like shampoos, lotions and eye shadow. It may even be in the baseball cap hanging by the back door.

Most consumers will probably never have a problem with exposure to formaldehyde, though it can have serious health implications for people who work with the chemical in factories. The biggest potential issue for those wearing wrinkle-resistant clothing can be a skin condition called contact dermatitis. It affects a small group of people and can cause itchy skin, rashes and blisters, according to a recent government study on formaldehyde in textiles. Still, some critics said more studies on a wider array of textiles and clothing chemicals were needed, including a closer look at the effects of cumulative exposure. At the very least, they said, better labeling would help.

“From a consumer perspective, you are very much in the dark in terms of what clothing is treated with,” said David Andrews, a senior scientist at the Environmental Working Group, a research and advocacy organization. “In many ways, you’re in the hands of the industry and those who are manufacturing our clothing. And we are trusting them to ensure they are using the safest materials and additives.”

The United States does not regulate formaldehyde levels in clothing, most of which is now made overseas. Nor does any government agency require manufacturers to disclose the use of the chemical on labels. So sensitive consumers may have a hard time avoiding it (though washing the clothes before wearing them helps).

The Government Accountability Office, the investigative arm of Congress, recently examined the levels and potential health risks of formaldehyde as required by the Consumer Product Safety Improvement Act of 2008.

Most of the 180 items tested, largely clothes and bed linens, had low or undetectable levels of formaldehyde that met the voluntary industry guidelines based on standards in Japan, which are among the most stringent. Still, about 5.5 percent of the items — primarily wrinkle-free shirts and pants, easy-care pillow cases, crib sheets and a boy’s baseball hat — exceeded the most stringent standards of 75 parts per million, for products that touch the skin. (Levels must be undetectable, or less than 20 parts per million for children under 3 years, and can be as high as 300 parts per million for products like outerwear that do not come into direct contact with the skin.)

The study did not offer recommendations, but the researchers said in interviews that their findings made them think twice about wearing no-iron clothes without washing them first. “Some of the highest occurrences were with the men’s shirts,” said John Stephenson, director of environmental protection issues at the G.A.O. “That was an eye opener because I wear, almost exclusively, non-iron shirts.” He added, “That caused me to wash them, at least twice.”

The levels found in the study are not likely to irritate most people. People who have allergic contact dermatitis caused by formaldehyde in clothing typically become hypersensitive because of some other exposure, like a worker with chapped hands who has handled metal-working fluids that contained the chemical, or someone who applied moisturizer with a formaldehyde preservative on inflamed skin, said Susan T. Nedorost, associate professor of dermatology and environmental health sciences at University Hospitals Case Medical Center in Cleveland.

“People rarely become allergic to the low levels of formaldehyde released by textile resins, but for those already sensitized, it is entirely possible to react to the low levels released by textile resins in clothing,” she said, adding that some people were probably genetically predisposed to allergy. Research shows that the small group of people who are allergic can develop a rash with levels as low as 30 parts per million.

So why use the chemical at all? Formaldehyde basically keeps the fabric’s fibers in place after a spin in the washing machine. Without it, the fibers become wrinkled or creases may fade.

Formaldehyde levels have declined over the last several decades, largely as a byproduct of regulations protecting factory workers at risk of inhaling the chemical and improved resins. The retail industry has also helped to reduce the numbers. The American Apparel and Footwear Association maintains a growing list of restricted substances — a collection of 200 chemicals that are banned or restricted around the globe — that it provides to the industry as a reference tool.

“Even in the absence of regulation, we are trying to get the industry engaged to be at the forefront, to be self-regulating,” said Nate Herman, vice president for international trade at the association.

Several retailers, including the Gap, whose Banana Republic stores offer an array of no-iron shirts, said those shirts met the most stringent standards. Land’s End and Levi Strauss & Company, too, said all adult textiles, including the never-iron Dockers, met the standards. Nordstrom said all of its clothing conformed with the standard except for its wrinkle-free garments, because of the way they were manufactured. But the company said the levels were minimal.

“Many of the retailers do commit themselves to those standards, but not everybody does,” said David Brookstein, executive dean for university research at Philadelphia University, and a textile engineer who has conducted his own formaldehyde tests. “As a scientist, I think it would be good if there was a strong part of the label that said, ‘Wash before wearing.’ ”

That can certainly help, though studies found that results varied based on the resins involved and the water used. And people generally do not wash items like hats beforehand. Meanwhile, humidity and sweating can also have an effect on the chemical’s release. It must also be applied properly during manufacturing.

“The textile industry for years has been telling dermatologists that they aren’t using the formaldehyde resins anymore, or the ones they use have low levels,” said Dr. Joseph F. Fowler, clinical professor of dermatology at the University of Louisville. “Yet despite that, we have been continually seeing patients who are allergic to formaldehyde and have a pattern of dermatitis on their body that tells us this is certainly related to clothing.”

A 2006 study that tested people with suspected skin allergies found that 9 percent of those tested were allergic to formaldehyde, but not all of those people will necessarily have a bad reaction to various compounds that release formaldehyde, said Dr. Peter Schalock, an assistant professor of dermatology at Harvard Medical School who runs a skin allergy patch testing clinic.

Critics of the government’s study say it could have incorporated a wider array of textiles, like drapes and upholstery. Others are calling for a closer look at the potential cumulative effects of exposure.

“Given all of the things we buy new that can release formaldehyde in our house, all of those things contribute,” said Urvashi Rangan, director of technical policy at Consumers Union, who noted that the Environmental Protection Agency was currently developing formaldehyde emissions regulations for pressed-wood products. “Over all, minimizing your exposure is a good idea.”

As for ridding clothes of wrinkles, she said, “We’re all for irons, to be honest.”


they've even ruined pyrex FFS...
Glass cookware dangers: Consumer Reports - The American-made Pyrex and Anchor Hocking bakeware we tested, made from soda lime glass, shattered at lower temperatures in our tough heat tests than European-made pans, which are made of a more expensive glass, borosilicate. U.S. Pyrex and Anchor Hocking glass bakeware used to be made of borosilicate but no longer are.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby justdrew » Sun Dec 12, 2010 1:48 am

Michael Jackson Fans Protest Discovery Channel’s Autopsy Special
12/11/10
At least 1,500 Michael Jackson fans are petitioning to stop the Discovery Channel from broadcasting a reenactment of Michael Jackson's autopsy, Michael Jackson's Autopsy: What Really Killed Michael Jackson, scheduled to air January 13 in the U.K., calling the special "an affront to human dignity." An online petition states, "We ask the directors of the Discovery Channel programming to proceed with the outright cancellation of this indecent documentary." Though Discovery Channel is probably expecting high ratings, Michael Jackson fans can be pretty extreme, so this beef is still anyone's game.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Laodicean » Sun Dec 12, 2010 1:52 am

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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby JackRiddler » Sun Dec 12, 2010 2:53 am

justdrew wrote:
Michael Jackson Fans Protest Discovery Channel’s Autopsy Special
12/11/10
At least 1,500 Michael Jackson fans are petitioning to stop the Discovery Channel from broadcasting a reenactment of Michael Jackson's autopsy, Michael Jackson's Autopsy: What Really Killed Michael Jackson, scheduled to air January 13 in the U.K., calling the special "an affront to human dignity." An online petition states, "We ask the directors of the Discovery Channel programming to proceed with the outright cancellation of this indecent documentary." Though Discovery Channel is probably expecting high ratings, Michael Jackson fans can be pretty extreme, so this beef is still anyone's game.


A re-enactment? Who did they kill for that, Prince? Bastards.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Luther Blissett » Mon Dec 13, 2010 6:39 pm



Fuuuuuuuuuhhhhhhhh…

Once, while wearing a brand new, unwashed, wrinkle-free button down shirt, walking home from work, it began to rain. After a few minutes, the shoulder facing the direction from whence the rain was coming started to burn. I immediately figured it had something to do with the shirt being "wrinkle-free," but was considering it a reaction with my soap or something.

When I got home, the shirt, which had been a light blue houndstooth plaid, was stained pink. I hadn't a clue as to what caused this. I really shouldn't have had anything on my skin as I had been at work for 9 hours. My entire back had 1st degree burns all over it, like a sunburn.

I'm assuming I can chalk all of the above up to formaldehyde.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby justdrew » Tue Dec 14, 2010 5:44 pm

TheDenverChannel.com

Man, 71, Gets 21 Years For Wheelchair Robbery
Man Held Up Bank With Replica BB Gun

POSTED: 8:56 pm MST December 10, 2010
UPDATED: 6:49 am MST December 13, 2010
SAN DIEGO -- A 71-year-old terminally ill man has been sentenced to 21 years in a California prison for rolling his wheelchair into a San Diego bank and holding it up with a replica BB gun [ committed the robbery so he's get caught and have a roof over his head ]

Judge Jeffrey Fraser said Friday that Peter Lawrence could theoretically get out of prison at age 90, when he would no longer be a threat to the public.

According to City News Service, Lawrence told the judge he robbed the Chase bank of more than $2,000 this summer because he felt hopeless after being diagnosed with a myriad of medical problems.

Defense lawyer Kenneth Kaminiski says his client did not want to harm anyone. Kaminiski says Lawrence wanted to get caught so he would not have to live on the streets.

Prosecutors said Lawrence was a danger because he could use a real weapon in the future.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby norton ash » Fri Dec 17, 2010 12:31 am

Bumping, on the occasion of flipping between FOX, MSNBC and CNN today. Going to Daily Kos today to see them so burned-out, punchdrunk, weepy, loooooossst...

Jennifer Rubin blogs for the Washington Post, and supports human rights and killing civilians. What's today's exchange rate for nuclear scientist against neocon blogger?

Second, we should continue and enhance espionage and sabotage of the Iranian nuclear program. Every nuclear scientist who has a "car accident" and every computer virus buys us time, setting back the timeline for Iran's nuclear capability, while exacting a price for those who cooperate with the nuclear program. Think of it as the ultimate targeted sanction.

Third, we need to make human rights a central theme in our bilateral and multilateral diplomacy regarding Iran. The spotlight on the noxious regime helps to undermine the regime's legitimacy at home and emboldens the Green Movement. We should test the theory that the most effective disarmament strategy is a robust human rights policy, one that includes the EU and other nations exerting diplomatic pressure on the regime.


(From Vanlose Kid's Iranian Nuclear Scientists Targeted thread
viewtopic.php?f=8&t=30404)

Yes, things stopped making sense long ago... but jesus fucking christ. The government's a frozen sideshow, and the political punditocracy is fine with killing, jailing, torturing people for doing their jobs or telling the fucking truth.

The swamp's drained, we can see the naked ghouls all dancing, and nobody gives a fuck. But they will, and that I'm already mourning.

Let it all come down. No schadenfreude here, just weltschmerz.

:mad2 No, sir, I don't like it.

Best to all of you, stay safe. Sometimes RigInt is the only one I can talk to.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Simulist » Fri Dec 17, 2010 12:41 am

What can be said about this, Norton? You're right.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby JackRiddler » Fri Dec 17, 2010 12:21 pm

norton ash wrote:Jennifer Rubin blogs for the Washington Post, and supports human rights and killing civilians. What's today's exchange rate for nuclear scientist against neocon blogger?

Second, we should continue and enhance espionage and sabotage of the Iranian nuclear program. Every nuclear scientist who has a "car accident" and every computer virus buys us time, setting back the timeline for Iran's nuclear capability, while exacting a price for those who cooperate with the nuclear program. Think of it as the ultimate targeted sanction.

Third, we need to make human rights a central theme in our bilateral and multilateral diplomacy regarding Iran. The spotlight on the noxious regime helps to undermine the regime's legitimacy at home and emboldens the Green Movement. We should test the theory that the most effective disarmament strategy is a robust human rights policy, one that includes the EU and other nations exerting diplomatic pressure on the regime.


(From Vanlose Kid's Iranian Nuclear Scientists Targeted thread
viewtopic.php?f=8&t=30404)


norton ash, I sympathize.

That's some kind of all-time Orwell Award grab, right there. You probably think you long ago saw examples of the maximum possible self-contradicting murderous crazylogic in the service of totalitarian power, but Ms. Rubin shows there are still ways to raise the bar higher. The Overton Window should be understood as a high-speed elevator that goes way past whatever you thought was the penthouse.

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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Allegro » Fri Dec 17, 2010 12:25 pm

norton ash wrote:Best to all of you, stay safe. Sometimes RigInt is the only one I can talk to.
Thank You, norton! Some days I've remembered that RigInt has been the one place to express myself and experience others' expressions, too. And Many Thanks to Jeff for making it so. Thanks, norton, for bringing it up.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Allegro » Sat Dec 18, 2010 3:42 am

.
    Views of 2011 From 1931 | Abnormal Use | December 14, 2010
      Bibliography and links in original

    1931 was a long time ago, and few who live today can claim to remember it all too well. Just two years after the stock market crash of 1929, 1931 claimed Herbert Hoover as the President of the United States (which that year had 48 states). Movie monsters were the rage; Bela Lugosi starred in Tod Browning's Dracula film and Boris Karloff did his star turn in Frankenstein. Cab Calloway recorded the classic "Minnie The Moocher" (and he was 49 years from performing it again in 1980's The Blues Brothers). James Dean was born that year; so were William Shatner and Leonard Nimoy. That December, the first Christmas tree was placed at the construction site that would later become Rockefeller Center. The Lindbergh kidnapping was a year in the future, and the attack on Pearl Harbor - precipitating the country's entry into World War II - was a full decade away.

    It was a far different time culturally, socially, politically. The issue: What did the great minds of 1931 predict the rapidly approaching 2011 would be like?

    There is actually an answer to that question.

    Way back on September 13, 1931, The New York Times, founded in 1851, decided to celebrate its 80th anniversary by asking a few of the day's visionaries about their predictions of 2011 - 80 years in their future. Those assembled were big names for 1931: physician and Mayo Clinic co-founder W. J. Mayo, famed industrialist Henry Ford, anatomist and anthropologist Arthur Keith, physicist and Nobel laureate Arthur Compton, chemist Willis R. Whitney, physicist and Nobel laureate Robert Millikan, physicist and chemist Michael Pupin, and sociologist William F. Ogburn.
    Since these guys all have their own Wikipedia entries so many decades later, they had to have been important for their time, right? Perhaps not a diverse lot, but it was 1931.

    Ford, perhaps the most recognizable name to modern readers, set the tone of the project in his own editorial of prognostication:

      To make an eighty-year forecast may be an interesting exercise, first of the imagination and then of our sense of humility, but its principal interest will probably be for the people eighty years on, who will measure our estimates against the accomplished fact. No doubt the seeds of 1931 were planted and possibly germinating in 1851, but did anyone forecast the harvest? And likewise the seeds of 2011 are with us now, but who discerns them?

    We're not certain why The Times chose to celebrate an arbitrary 80 years of existence. Whatever the case, the predictions are full of gems, so we encourage you to read the original articles (which, hopefully, The New York Times will unlock from its paywall as 2011 approaches). Today, we are just two weeks shy of 2011, so we must ask, how did some of these men fare in their predictions? Let us do as Ford suspected we would and measure their estimates against accomplished fact (at least as much as a humble products liability blog can do).

    Dr. Mayo had this to say:

      Contagious and infectious diseases have been largely overcome, and the average length of life of man has increased to fifty-eight years. The great causes of death in middle and later life are diseases of heart, blood vessels and kidneys, diseases of the nervous system, and cancer. The progress that is being made would suggest that within the measure of time for this forecast the average life time of civilized man would be raised to the biblical term of three-score and ten.

    Dr. Mayo predicted the average life span in 2011 would be 70. He wasn't far off. According to this post at the Centers for Disease Control and Prevention, it's currently 77.9 years.

Resume.
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby eyeno » Tue Dec 28, 2010 4:40 am

The dreaded 13 year old bleed thru marker criminal strikes again. Good thing they locked him up. Might have thrown a spit ball next.

http://www.thesmokinggun.com/documents/ ... possession

Boy, 13, Busted For Illegal Marker Possession
Oklahoma math teacher in citizen's arrest of student

DECEMBER 22--A 13-year-old boy was arrested Friday for using a permanent marker while in class at his Oklahoma City middle school, a violation of an obscure city ordinance.

According to an Oklahoma City Police Department report, the boy was spotted “in possession of a permanent marker” by Roosevelt Middle School teacher DeLynn Woodside. The 50-year-old educator told cop Miguel Campos that the student was “writing on a piece of paper, which caused it to bleed over onto the desk.”

Image

Woodside, pictured at right, reported that the child, whose name was redacted by police from the report, attempted to hide the marker when she asked him for it. Strangely, Woodside’s Facebook page reveals that her “likes and interests” include the official “Sharpie Permanent Markers” page on Facebook.

Campos reported that he allowed Woodside, a seventh grade math teacher, to “sign a citation” against the boy, who was then transported to the Community Intervention Center, a juvenile holding facility. A police sergeant subsequently “booked the marker into the property room.”

A police spokesman referred to the student’s bust as a “citizen’s arrest” effectuated by Woodside.

The marker ban--which apparently is aimed at curbing graffiti--stems from a city ordinance making it illegal to possess spray paint or a permanent marker on private property (without the owner’s permission).

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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Bruce Dazzling » Tue Dec 28, 2010 11:34 am

"Arrogance is experiential and environmental in cause. Human experience can make and unmake arrogance. Ours is about to get unmade."

~ Joe Bageant R.I.P.

OWS Photo Essay

OWS Photo Essay - Part 2
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Nordic » Tue Dec 28, 2010 2:10 pm

Image

Reminds me of that old joke/saying "Beauty may be only skin deep, but ugliness is to the bone."

What a wretched human being.
"He who wounds the ecosphere literally wounds God" -- Philip K. Dick
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Re: The USA Oligarchy-Austerity-Schadenfreude Thread

Postby Nordic » Thu Dec 30, 2010 1:40 am

http://www.zerohedge.com/article/guest- ... res-my-job

Submitted by Jim Quinn of The Burning Platform

Dude, Where's My Job

The storyline being sold to the American public by the White House and the corporate mainstream media is that the economy is growing, jobs are being created, corporations are generating record profits, consumers are spending and all will be well in 2011. The 2% payroll tax cut, stolen from future generations to be spent in 2011, will jumpstart a sound economic recovery. Joseph Goebbels would be proud.

PROPAGANDA MINISTERS

It was another wise old man named Ben Franklin who captured the essence of what those in control are peddling:

“Half a truth is often a great lie.”

The economy is growing due to unprecedented deficit spending by the government, fraudulent accounting by the Wall Street banks, the Federal Reserve buying $1.5 trillion of toxic mortgage “assets” from their Wall Street owners, various home buyer and auto tax credits and gimmick programs, and Fannie, Freddie, and the FHA accumulating taxpayer loses so morons can continue to purchase houses. Jobs are being created. According to the BLS, we’ve added 951,000 jobs since December 2009, an average of 79,000 per month. Of course, the population of the US is growing at 175,000 per month. It seems that there are millions of jobs being created, just not here as shown on these graphs from the NYT.

The storyline of corporate profits is true. As a percentage of national income, corporate profits are 9.5%. They have only topped 9% twice in history – in 2006 and 1929. When you see the paid Wall Street shills parade on CNBC every day proclaiming the huge corporate profit growth ahead, keep these data points in mind. Do profits generally rise dramatically from all time peaks?

You might ask yourself, if corporations are doing so well how come real unemployment exceeds 20%? The answer lies in who is generating the profits and how they are doing it. It seems that the fantastic profits are not being generated by domestic non-financial companies employing middle class Americans producing goods. Pre-tax domestic nonfinancial corporate profits are not close to record levels as a share of national income. They exceeded 15% of national income once in the late 1940s, and repeatedly topped 12% in the 1950s and 1960s; in the third quarter of this year, they were 7.03% of national income. I wonder who is making the profits.

According to BEA data, financial industry profits and “rest of world” profits — that is, the money U.S.-based corporations make overseas — are relatively much higher now than they were in the 1950s or 1960s. And the taxes paid by corporations are much lower now than they were then, as a share of national income. The reason that corporate profits are near their all-time highs is that Wall Street corporations and mega multinational corporations are making gobs of loot and paying less of it out in taxes. Isn’t that delightful for the CEOs and top executives of these companies?

The profits are being generated on Wall Street through collusion with the Federal Reserve, as the insolvent Wall Street banks accept free money from the Federal Reserve to generate speculative profits at the expense of senior citizens earning .20% on their CDs. The mega-multinationals are ”earning” their profits by continuing to ship American jobs overseas at a record pace. The Economic Policy Institute, a Washington think tank, says American companies have created 1.4 million jobs overseas this year. The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute’s senior international economist. “There’s a huge difference between what is good for American companies versus what is good for the American economy,” says Scott. The hollowing out of the American economy has been going on for decades and despite the usual rhetoric out of Washington DC, it continues unabated today.

But consumer spending has surged, so the recovery must be solid and self-sustaining say the brainless twits on CNBC. Consumer spending is rising because the top 1% wealthiest Americans are doing splendidly as they are now reaping 20% of the income in the country, levels last seen in 1929. The Haves have more, the Have Nots have less. The top 10% wealthiest Americans own 98.5% of all the stocks in the country. They feel richer because Ben Bernanke has propped up the stock market with trillions of borrowed money from future generations. The other 90% of Americans have stagnant or non-existent wages, rising costs for fuel and food, falling home prices, rising debt levels and little hope for the future. They have been thrown a bone of extended unemployment bennies, a temporary payroll tax cut, and extended tax cuts. Any spending they are doing is on credit cards as the austerity deleveraging storyline is another big lie by the MSM.

Greater Depression

The figure of 15 million unemployed reported by the government and regurgitated by the corporate media is one of the biggest lies in the history of lies. The real figure is 30 million and I will prove it using the government’s own data. I created the chart below from BLS data (ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt) to prove that we are in the midst of a Greater Depression and no amount of spin by politicians and the media can wish it away. When we look at jobs in America across the decades, a picture of a country in decline, captured by financial elites, reveals itself. In 1970, America still produced goods, ran trade surpluses, and paid wages that allowed families to thrive with only one parent working. Only 34.6% of the population was employed, with a third of these workers producing goods.


(Millions Employed) 1970 1980 1990 2000 2007 Dec-09 Nov-10
Mining & Logging 677 1,077 765 599 724 676 763
Construction 3,654 4,454 5,263 6,787 7,630 5,696 5,615
Manufacturing 17,848 18,733 17,695 17,263 13,879 11,534 11,648
Trade, Transport. & Utilities 14,144 18,413 22,666 26,225 26,630 24,653 24,806
Information 2,041 2,361 2,688 3,630 3,032 2,748 2,717
Financial Activities 3,532 5,025 6,614 7,687 8,301 7,657 7,573
Professional & Business Serv. 5,267 7,544 10,848 16,666 17,942 16,488 16,861
Education & Health Services 4,577 7,072 10,984 15,109 18,322 19,350 19,719
Leisure & Hospitality 4,789 6,721 9,288 11,862 13,427 12,991 13,174
Other Serices 1,789 2,755 4,261 5,168 5,494 5,314 5,402
Government 12,687 16,375 18,415 20,790 22,218 22,481 22,261
TOTAL EMPLOYED 71,005 90,530 109,487 131,786 137,599 129,588 130,539
US Population 205,052 227,225 249,439 281,422 299,398 308,200 310,300
% of US Population Employed 34.6% 39.8% 43.9% 46.8% 46.0% 42.0% 42.1%
Source: BLS Establishment Data


Whether it was due to the woman’s movement of the 1970s or due to financial necessity, the percentage of the population employed grew relentlessly until it reached 46.8% in the year 2000. The level of 46.8% meant that when the opportunity to be employed was available, this percentage of Americans wanted a job. Since 2000 the population of the U.S. has grown by 28.9 million people. The labor force between the ages of 18 and 64 has grown by 26.1 million people since 2000. The government insists that millions of Americans have chosen to “leave the workforce” and should not be considered unemployed. This is laughable. Why would people choose to leave the workforce when wages are stagnant, retirement looms, prices relentlessly rise, and they are drowning in debt? The truth is that at least 46.8% of the population wants to be employed. That means that 145.2 million Americans would be working if they had the chance. Only 130.5 million are currently employed. This means that there are really 30 million Americans unemployed versus the 15 million reported by the government and MSM.

Not only is the country short 30 million jobs, but the type of jobs reveal a country of paper pushers, consultants, temp workers, government drones, waitresses, and clerks. The chart below shows the distribution of jobs through the decades.


(% of Employed) 1970 1980 1990 2000 2007 Dec-09 Nov-10
Mining & Logging 1.0% 1.2% 0.7% 0.5% 0.5% 0.5% 0.6%
Construction 5.1% 4.9% 4.8% 5.2% 5.5% 4.4% 4.3%
Manufacturing 25.1% 20.7% 16.2% 13.1% 10.1% 8.9% 8.9%
Trade, Transport. & Utilities 19.9% 20.3% 20.7% 19.9% 19.4% 19.0% 19.0%
Information 2.9% 2.6% 2.5% 2.8% 2.2% 2.1% 2.1%
Financial Activities 5.0% 5.6% 6.0% 5.8% 6.0% 5.9% 5.8%
Professional & Business Serv. 7.4% 8.3% 9.9% 12.6% 13.0% 12.7% 12.9%
Education & Health Services 6.4% 7.8% 10.0% 11.5% 13.3% 14.9% 15.1%
Leisure & Hospitality 6.7% 7.4% 8.5% 9.0% 9.8% 10.0% 10.1%
Other Serices 2.5% 3.0% 3.9% 3.9% 4.0% 4.1% 4.1%
Government 17.9% 18.1% 16.8% 15.8% 16.1% 17.3% 17.1%
TOTAL EMPLOYED 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Source: BLS


In 1970, jobs in the goods producing industries made up 31.2% of all jobs. Today, they account for 13.8% of all jobs. The apologists will proclaim that corporate America just got phenomenally more efficient and productive. That is another falsehood. In 1970, we were a net exporter, consumer expenditures accounted for 62.4% of GDP, and private investment accounted for 14.7% of GDP. Today, we consistently run $500 billion to $700 billion annual trade deficits, consumer expenditures account for 71% of GDP, and private fixed investment is a pitiful 11.5% of GDP. We’ve degenerated from a productive goods producing society to a consumption based, debt fueled society. This is a classic late stage trait of declining empires. Rome and Britain before us experienced similar declines.



The most damning facts that can be garnered from the BLS data relate to how we’ve become a nation of bankers, real estate agents, accountants, lawyers, tax specialists, and fast food fry cooks. Manufacturing jobs have dropped from 25% of all jobs in 1970 to less than 9% today. Jobs in the spreadsheet generating, credit default swap creating, subprime mortgage pushing, frivolous lawsuit filing, tax evasion sector of the economy went from 12% in 1970 to 19% today.

The misinformation and lies will continue. The MSM keeps repeating that jobs are coming back. You don’t hear which jobs. Hysterically, the four fastest growing job categories according to the BLS are:

Administrative and support services
Food services and drinking places
Couriers and messengers
Performing arts and spectator sports

The well paying goods producing jobs are never coming back. American manufacturing jobs have been shifted overseas for more than two decades by corporate America. Now those jobs have become more sophisticated, like semiconductors, software and even medical and finance. The American middle class is relegated to being McDonalds fry cooks, Wal-Mart greeters, and temp workers. What has happened to the American middle class was not an accident. The wealth of the country has been pillaged by an elite group at the very top of the economic food chain, who were able to reap the rewards of globalization (outsourcing American jobs), manipulate the debt based financial system through synthetic fraud products, and avoid taxes by hiring thousands of lawyers, accountants and tax consultants. When you hear that the rich need lower taxes, corporate taxes are too high and increased productivity is great for America, remember what they have done to the country since 1970. If corporate America and its leaders continue to reap obscene profits while the middle class falls further into the abyss, societal unrest will beckon.
"He who wounds the ecosphere literally wounds God" -- Philip K. Dick
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