Government – Page 700 – Public Intelligence Blog

Vanishing middle class…..

The wealth of American families plummeted by 38.8 per cent between 2007 and 2010, according to fresh data from the Federal Reserve, highlighting the deep damage inflicted by the housing crash, financial crisis and recession on the economic health of US households.

According to the Fed’s survey of consumer finances, which is released every three years, the median net worth of US families declined from $126,400 in 2007 to $77,300 two years ago, as millions of Americans witnessed a sharp drop in the value of their homes, in many cases their main investment.

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The fall in wealth due to the mortgage collapse more than offset the gains of the housing boom. In 2004, family median net worth as measured by the same survey was $107,200, while in 2001 it was $106,100, meaning even much of the benefit of the economic expansion of the 1990s was wiped away.

In its report, the Fed noted that families living in the west with a head of household between 35 and 44 years old bore the brunt of the hit to the net worth, since “housing was a larger share of their assets”.

As their wealth plummeted, many Americans also suffered a steep drop in median income, with unemployment and underemployment rising. According to the Fed study, median income fell 7.7 per cent between 2007 and 2010, a sharp acceleration from a small decline in the previous three years.

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2012/06/11

DefDog: War Study – Troops Had Bad Intel, Worse Spin

Corruption, Cultural Intelligence, Government, Idiocy, Military

This has been true since Vietnam (from my personal experience) and for all the money and technology that has been thrown at the IC, the return is dismal at best, criminal at worst….see my previous identifying your tribal summary as better than 99% of the intel I saw in Afghanistan.

War Study: Troops Had Bad Intel, Worse Spin

EXTRACT:

Ten years of war have given the U.S. military more than its share of frustrations. According to an internal Pentagon study, two of them were as fundamental as they were related: Troops had terrible intelligence about Iraq and Afghanistan, and they told their own stories just as badly.

Those are some preliminary conclusions from an ongoing Pentagon study into the lessons of a decade of combat, authorized by Gen. Martin Dempsey, the multi-tour Iraq veteran and chairman of the Joint Chiefs of Staff. The study doesn’t single out any sensor or spy platform for criticism. Instead, it finds that U.S. troops didn’t understand the basic realities of society, culture and power structures in Iraq and Afghanistan, and couldn’t explain what they were doing to skeptical populations.

. . . . . . . .

The study Dempsey ordered is ongoing and will have several volumes, each with multiple iterations, before the military produces a definitive assessment of what went wrong in Iraq and Afghanistan. This is just the first volume. But it helps identify a series of problems that the military thinks it needs to fix to win the wars of the future.

That future military needs to “leverag[e] technology and social media” in order to consider “all relevant actors’ instruments of power; cultural, religious, and other demographic factors; and employs innovative, non-traditional methods and sources.” In other words, spin harder — and know what you’re talking about.

Read full article.

Continue reading “DefDog: War Study – Troops Had Bad Intel, Worse Spin”

2012/06/10

Chuck Spinney: Drones — Of Idiots, By Idiots, For Idiots + Meta-RECAP

04 Inter-State Conflict, 07 Other Atrocities, 10 Security, 11 Society, Corruption, Director of National Intelligence et al (IC), DoD, Government, Intelligence (government), IO Deeds of War, Military, Officers Call

Attached is a really first rate assessment of the real benefits and costs of the American infatuation with drone warfare. The writer, Patrick Cockburn, is one of the very best reporters now covering the wars in the Middle East and Central Asia.

Chuck Spinney

Cap Ferat, France

America is deluded by its drone-warfare propaganda

World View: The use of unmanned aircraft to assassinate its enemies is guaranteed to backfire on Washington

Patrick Cockburn, The Independent, Sunday, 10 June 2012

As the US and its allies ponder what to do about Syria, one suggestion advanced by the protagonists of armed intervention is to use unmanned drones to attack Syrian government targets. The proposal is a measure of the extraordinary success of the White House, CIA and Defense Department in selling the drone as a wonder weapon despite all the evidence to the contrary.

The attraction of the drone for President Obama and his administration five months before the presidential election is self-evident.

Continue reading “Chuck Spinney: Drones — Of Idiots, By Idiots, For Idiots + Meta-RECAP”

2012/06/09

John Robb: Worms, Drones, SuperBugs, & Plagues – The Four Horsemen of the Apocalypse

07 Other Atrocities, Government, Idiocy, Military, Peace Intelligence

This Version of the Four Horsemen the Apocalypse actually Makes Sense

What types of weapons will use self-replication (which in this context means the ability to easily and rapidly make exact copies of themselves on a massive scale without human oversight)?

Here's a really simple taxonomy. Had some fun with this. All of these use rapid, very difficult to counter self-replication to do massive damage.

Weaponized computer worms/viruses/malware. Legal bot networks that control/manipulate society and markets (think in terms of quant hedge funds). That's the White horse. Conquest.
Drones/robots. Weaponized drones that at first self-perpetuate by acquiring fuel from the environment. Weaponized drones that can self-replicate ala 3-D fabrication and scavanged materials (think rep-rap). That's the Red Horse. War.
Superbugs/superweeds (some may be aided by engineered modification, but all get their start due to the stupidity of growing food in monocultures). Organisms that can wipe out monocultures and cause the loss of productive farmland and crops ond a global scale. That's the Black Horse. Famine.
Plague. Genetically modified weapons, laboratory mistakes, or naturally occuring disease (due to too much physical proximity) that result in plagues. That's the Pale Green horse. Death.

Again, folks. The only long term counter to self-replication is through the smart decentralization afforded by networked resilient communities.

Communities that produce most of what they need locally. Communities that can physically disconnect themselves as needed. Communities that aren't dependent on complex global computer systems that can be corrupted. Communities that use diverse polycultures to produce their food.

2012/06/07

Penguin: DEAR AMERICA You Should Be Mad As Hell About This [CHARTS]

01 Poverty, 03 Economy, 07 Other Atrocities, Commerce, Corruption, Government

DEAR AMERICA: You Should Be Mad As Hell About This [CHARTS]

In November, Americans will have a chance to speak their minds.

And there's one thing everyone should agree on:

America just isn't working right now.

It's not just Americans who aren't working. It's America itself, a country whose economy once worked for almost everyone, not just the rich.

In the old America, if you worked hard, you had a good chance of moving up.

In the old America, the fruits of people's labors accrued to the whole country, not just the top.

In the old America, there was a strong middle class, and their immense collective purchasing power drove the economy for decades.

unemployment in perspective — Click on Image to Enlarge

No longer.

Over the past couple of decades, the disparity between “the 1%” and everyone else has hit a level not seen since the 1920s. And there is a widespread and growing sense that life here is not fair or right.

If America cannot figure out a way to fix these problems, the country will likely become increasingly polarized and de-stabilized. And if that happens, the recent “Occupy” protests will likely be only the beginning.

The problem in a nutshell is this:

In the never-ending tug-of-war between “labor” and “capital,” there has rarely—if ever—been a time when “capital” was so clearly winning.

And that's not just unfair.

It's un-American.

Let's go to the charts..(50 of them).

In fact, income inequality has gotten so extreme here that the US now ranks 93rd in the world in “income equality.” China's ahead of us. So is India. So is Iran.

Phi Beta Iota: The actual unemployment rate in the USA is 22.4%. Anyone that does not know this is part of the problem. Anyone that knows this and conceals it from the public is part of the corruption that has created the problem.

See Also:

Shadow Statistic Website

Josh Kilbourn: US Disability & Food Stamp Welfare Skyrocketing

Mini-Me: Economists Scoff at Obama, Romney Job-Creation Myths

Paul Craig Roberts: December Net Jobs a 12,000 LOSS – Actual Unemployment 2.6 Times Official Rate or 22.4%

2012/06/06

Josh Kilbourn: US Labor Market Is In A Full-Blown Depression

03 Economy, 11 Society, Civil Society, Commerce, Corruption, Government

US Labor Market Is In A Full-Blown Depression

Tyler Durden

ZeroHedge, 6 June 2012

Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010… and 2009 (because contrary to what purists may believe, the only way to inflate away unsustainable debt in a growth-free economy is by destroying the currency), and manic pattern chasers have crawled out of their holes proclaiming the death of the bear market after a two day bounce, what is happening in the actual economy, no longer reflected by the market, has once again been pulled back to the backburner.

burger flipper — Fastest Growing Job in USA

Which is sad, because while ever fewer people reap the benefits of artificial, centrally-planned S&P rallies, the rest of the population suffers, and what is worse: hope for a quiet, middle-class life is now an endangered species. Nowhere is this more evident than in the following list from David Rosenberg which summarizes how, quietly, the US labor force slipped back into a full-blown depression.

From David Rosenberg:

One Sick Labor Market

There were so many disturbing elements to the May jobs data that we're not sure we can do justice to the litany of disappointments (with some help from our friends at the Investor's Business Daily):

The share of long-term unemployment is at its highest level since the Great Depression (42%).
Fully 54% of college degree graduates under the age of 25 are either unemployed or underemployed.
45 million Americans are on food stamps — one in seven residents.
47% of Americans are on some form of government assistance.
The employment-to-population ratio for 25-54 year olds is now 75.7%, lower than it was when the recession supposedly ended in June 2009.
The number of people not in the labour force has swelled eight million since the recession ended; absent that effect, the unemployment rate would be 12% right now (about the same as President Obama's election chances would be).
The number of people confident enough to leave their jobs fell 11% in May
for the second month in a row to 891k, the lowest since November 2010.
The ranks of the unemployed who have been looking fruitlessly for work for at least 27 weeks jumped 310k in May, the sharpest increase since May 2011.
The unemployment rate for males aged 16-19 is 27% and for males between 20 and 24 it is 13%. Draw your own conclusions from a social (in)stability standpoint.
One in seven Americans are either unemployed or underemployed.
Only one in six of the youth are working full-time and three-in-five are living with their folks or another relative (as per the NYT).
A mere 16% of the 2009-2011 graduating class has found full-time work, while 22% are working part-time. Even those hired from 2006-08, just 23% are working full-time.
According to a poll cited in the NYT, just 14% of high-school grads today believe they will have a more successful financial future than their parents Line of the day, as depressing as it is, comes from an 18-year old: “Thank God I had a buddy at Burger King who could help me out”. Fast-food has emerged as the fast-growing industry in a country once led by technology. Even tech now is fuelled more by companies that produce nifty consumer gadgets and feed our narcissistic needs than those who focus on improving the nation's capital stock which is the ultimate trailblazer for productivity growth and durable gains in our standard-of-living.

2012/06/062012/06/06

Penguin: USS Liberty Messages Declassified by NSA

04 Inter-State Conflict, 07 Other Atrocities, 08 Wild Cards, Cultural Intelligence, Director of National Intelligence et al (IC), DoD, Government, IO Deeds of War, Military, Officers Call

U.S.S. Liberty Messages

Source

Category: Government

DefDog: Vanishing Middle Class – Lost 38% Wealth in 3 Years