It should come as no surprise to readers of this blog to learn that the transfer of resources to the super-rich from everyone else is well underway. For details see the series “The Recession Is Over For Some People...” posted between 16 February and 18 March, 2011. A May, 2011, study by the Center for Labor Market Studies of Northeastern University , Boston, confirms it. For my purpose, two findings from the study are relevant: (1) Using the lowest point, 30 June 2009, of the recent recession as the base figure, as of 30 April 2011, real corporate profits increased 39.6%, the Dow Jones Industrial Average increased 45.8%, and Average Real Weekly Earnings of the Private Sector decreased 1.0%. (2) During the same period, Annualized National Income grew by $505B. While corporations' share of the growth was 92%, the share going to wages and salaries was 0%. A recent article in Forbes provide...
My alarm clock goes off every morning at eight, except for the few times when I have a breakfast date. Usually I wake up about an hour before that, or at least I partly wake up. It is important that I remain in a “not quite awake but not quite asleep” state, because I consider that time as the germination period for whatever seeds happen to have blown into my head.