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FREE JON CORZINE! – jk

. (Originally posted at   , where I help admin.) Jon Corzine: Was CEO of Goldman Sachs from 1994 to 1999, and was given $400 million when the firm went public. While at Goldman, was involved in the…

Source: FREE JON CORZINE! – jk

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NSA Document Liberation Ruminations

zanesworld1

I have been personally processing large amounts of information over the past several days regarding the NSA / PRISM data liberation, and the responses of the U.S. Government to same. There seem to be 2 points of the affair which are most contentious: Is the massive, all-encompassing spying being done by the government of grave concern, or no big deal? And whether the people involved in the release of the classified data are heroes or criminals. There has been plenty of heated debate on both of these points, but I have some thoughts on several things which have not received much attention – in fact, you may not have heard or thought of them at all.

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       Edward Snowden, the former spy who gave the documents in question to the press, stated he was making $200,000 per year. Booz Allen, his most recent employer, recently stated Edward’s salary was…

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How you lost the world

Idiot Joy Showland

dh1-1024x590

I think I’m still in shock. When the sun rose this morning it was blistered with the face of Donald Trump, bronze and smirking hideous, and all I can think about is Hillary Clinton. It’s what I know. Throughout the entire election, one slow-motion clip of a clown car ramming into a crowd of pedestrians, I’d assumed that the danger of Trump and the danger of Clinton were of two different orders. Trump was dangerous because of what he said and what he represented, the waves of fascism and violence that rippled out from the dead plopping weight of his speeches. Clinton was dangerous because of what she would actually do, because Clinton was going to win the election. I was a sucker, the kind who gets duped precisely by believing himself to be too smart for any kind of con. I thought I saw through it all, the whole…

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Average Hourly Earnings YoY Rise To … 72% Of Level From January 2009

Wells F*rgo

index

In Wells Fargo’s latest massive criminal activity, they stole people’s identities to open new accounts, in many cases stealing money in the process. In most cases this would adversely affect the victim’s credit score as well. They have admitted to committing identity theft at least 2,065,000 times, by opening 1.5 million deposit accounts and 565,000 credit card accounts. They were fined $185,000,000 for these activities.
185m / 2.065m = $89.59
 
So identity theft, fraud, and possible outright theft carries a total fine of under $90, and not a single minute of jail time for anyone.
(If you are a TBTF corporation.)
 
In Minnesota, this is considerably less than the fine for expired license tabs on your car.
 
Wells Fargo also has an extensive criminal history over the past several years. From February 2009 through December 2013, Wells Fargo Bank paid over $22.9 billion in 30 separate fines or settlements due to criminal activities.
 
Imagine if you or I committed these crimes just one time, with a rap sheet like that. Would the penalty be more than a $90 fine?
 
 
Sources:
 
 

New York Times on the Debate Among Black Organizations about Charters

Diane Ravitch's blog

A good and balanced article in the New York Times about the division among black organizations about charters.

The writer, Kate Zernike, also wrote this stunning article about the failure of school choice in Detroit. Lots of choice but no good choices.

Howard Fuller runs Black Alliance for Educational Options. BAEO has been lavishly funded by rightwing foundations for many years, to advocate for vouchers and charters.

Shavar Jeffries, of course, speaks for Democrats for Educational Reform, which has zero roots in the black community. Its members and funders are hedge fund managers. DFER probably hired him so it would have a voice in this conversation. It has long claimed to speak for “the civil rights movement,” but no one could take that claim seriously when DFER consists only of billionaires, millionaires, and others whose roots are in Wall Street, not Main Street or Harlem or BedStuy.

The NAACP and…

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Expand Social Security, get rid of 401Ks

mathbabe

People, can we face some hard truths about how Americans save for retirement?

It Isn’t Happening

Here’s a fact: most people aren’t seriously saving for retirement. Ever since we chucked widespread employer based pension systems for 401K’s and personal responsibility, people just haven’t done very well saving. They take money out for college for their kids, or an unforeseen medical expense, or they just never put money in in the first place. Very few people are saving adequately.

In Fact, It Shouldn’t Happen

Next: it’s actually, mathematically speaking, extremely dumb to have 401K’s instead of a larger pool of retirement money like pensions or Social Security.

Why do I say that? Simple. Imagine everyone was doing a great job saving for retirement. This would mean that everyone “had enough” for the best-case scenario, which is to say living to 105 and dying an expensive, long-winded death. That’s a…

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