- http://www.salon.com/news/opinion/feature/2010/10/05/lind...From the page: ""In a plutonomy there is no such animal as 'the U.S. consumer' or 'the UK consumer,' or indeed the 'Russian consumer.' There are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take. There are the rest, the 'no-rich,' the multitudinous many, but only accounting for surprisingly small bites of the national pie." The Citigroup analysts speculated that a plutonomic world economy could be driven by the spending of the worlds rich minority, whose ranks are "swelling from globalized enclaves in the emerging world."
The data support their analysis. According to Moodys Analytics, the top 5 percent of American earners are responsible for 35 percent of consumer spending, while the bottom 80 percent engage in only 39.5 percent of consumer outlays."
- Big-name companies to help colleges train workers -...From the page: "Tuesday's community college summit is considered a consolation prize for community colleges, which had been slated to receive $10 billion in federal money for job training, building projects and initiatives to graduate more students.
But by the time an overhaul of the federal student loan program had made its way through Congress, all that remained for community colleges was $2 billion over four years for job training.
Obama has set a goal of 5 million more community college graduates and certificate-holders by 2020, part of broader push for the U.S. to again lead the world in number of college graduates."
- His Struggle: Glenn Beck's Hitler fetish | The EconomistFrom the page: "Mr Beck is trying to tilt the balance of anti-extremist critiques on the left and right, which normally accuse leftists of communism and rightists of fascism, by associating fascism as well as communism with the left. It then becomes impossible to accuse right-wingers of extremism, since all extremists must by definition be leftists. "
- Red toxic sludge spill sparks Hungary emergency| ReutersFrom the page: "waste generated during bauxite refining, poured through Kolontar and two other villages on Monday after bursting out of a containment reservoir at the nearby Ajkai Timfoldgyar Zrt plant, owned by MAL Zrt.
On Tuesday the Natural Disaster Unit (NDU) said four more villages were affected and the death toll had risen to four. Six people were known to be missing.
Many others were suffering from burns and eye irritation caused by the lead and other highly corrosive elements"
- Palin adviser worked for foreign governments| ReutersFrom the page: "The firm is a Washington consulting firm founded and led by Randy Scheunemann, a lobbyist who served as a senior foreign policy adviser to John McCain in his 2008 U.S. presidential bid and to Palin when she became McCain's Republican running mate.
Controversy over campaign advisers who work as lobbyists for foreign or domestic interests can often blight national political campaigns. At least five of McCain's aides quit his presidential campaign because of their lobbying activities."
- Joseph A. Palermo: Why Liberals Dont Stand a Chance in...''CNN has a lot more Republicans in its stable of commentators than Democrats, and its "go-to" Dems are people like James Carville and Donna Brazile, hardly fire-breathing progressives. But there's nothing going on at MSNBC that can even compare to Fox. Fox's entire 24-hours is dedicated, day-in and day-out, to cheerleading for greater corporate power. (And when I use the word "cheerleader" I really mean it: just look at Megyn Kelly.)''
- Op-Ed Columnist - Fear and Favor - NYTimes.com
- Op-Ed Columnist - That's Where the Money Is - NYTimes.com''The U.S. is in terrible shape right now because far too much influence has been ceded to the financial and corporate elites who have used that influence to game the system and reap rewards that are almost unimaginable. Ordinary working Americans have been left far behind, gasping and on their knees. ''
- Health insurers pour money into GOP campaigns, hoping to...