News

Economy/Finance

October 11

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% since 1975

According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone.

Price and Edwards calculate that the cumulative tab for our four-decade-long experiment in radical inequality had grown to over $47 trillion from 1975 through 2018. At a recent pace of about $2.5 trillion a year, that number we estimate crossed the $50 trillion mark by early 2020.

Source: Time  

Environment, Extinction

October 29

Humanity has wiped out 60% of animal populations since 1970

Humanity has wiped out 60% of mammals, birds, fish and reptiles since 1970, leading the world’s foremost experts to warn that the annihilation of wildlife is now an emergency that threatens civilization.

The new estimate of the massacre of wildlife is made in a major report produced by WWF and involving 59 scientists from across the globe. It finds that the vast and growing consumption of food and resources by the global population is destroying the web of life, billions of years in the making, upon which human society ultimately depends for clean air, water and everything else.

Source: The Guardian  

9/11

September 8

CIA AND SAUDI ARABIA CONSPIRED TO KEEP 9/11 DETAILS SECRET

“It’s horrible. We still don’t know what happened,” said Ali Soufan, one of the lead FBI counterterrorism agents whom the CIA kept in the dark about the movements of the future Al-Qaeda hijackers. To Soufan and many other former national security officials, the unanswered questions about the events leading up to the September 11, 2001, attacks dwarf those about the assassination of John F. Kennedy, because 9/11 changed the whole world.

Source: Newseek  

The war you’ve never heard of

The U.S. is waging a massive shadow war in Africa, exclusive documents reveal. Today, according to U.S. military documents obtained by VICE News, special operators are carrying out nearly 100 missions at any given time — in Africa alone. It’s the latest sign of the military’s quiet but ever-expanding presence on the continent, one that represents the most dramatic growth in the deployment of America’s elite troops to any region of the globe.

Source: Vice  

Economy/Finance

January 15

Oxfam Says 8 Men as Rich as Half the World

The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday.

Presenting its findings on the dawn of the annual gathering of the global political and business elites in the Swiss ski resort of Davos, anti-poverty organization Oxfam says the gap between the very rich and poor is far greater than just a year ago. It’s urging leaders to do more than pay lip-service to the problem.

Source: ABC  
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