Reference: The Fraud-Based US Economy

The attached blog,  “Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems,” is a cut-and-paste accumulation of a variety of outlooks. Most are  based on analyses or accumulated wisdom, but some appear based on hunches, ideologies, etc.  Taken together, however, they paint a horrifying picture of the American political economy and our prospects for …

Journal: US Gap Between Rich & Poor Widens by Factor of 10

Gap Between Rich and Poor Follows Geographic Lines, U.S. Census Data Shows By Timothy R. Homan – Dec 15, 2010 Bloomberg The gap between the haves and have- nots in the U.S. is being drawn along geographic lines, Census Bureau data showed yesterday. The number of counties where median household income decreased is almost 10 …

Journal: Cyber-Idiocy Wipes Out Productivity

Information has never been so free. Even in authoritarian countries information networks are helping people discover new facts and making governments more accountable. — US Secretary of State Hillary Clinton, January 21, 2010 So much for that…. Military Bans Disks, Threatens Courts-Martial to Stop New Leaks By Noah Shachtman, Wired, December 9, 2010  |  7:02 …