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Corporate Profits Are Soaring, But You’re Not Feeling It

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Via: Huffington Post

Corporations may be raking in record profits, but workers aren’t getting any richer, new data illustrates.

In fact, REAL WAGES have declined by nearly seven percent in the past seven years, according to data collected by the compensation research company Payscale. In other words, U.S. workers have less buying power now than they did before the financial crisis.

Meanwhile, corporate profits have increased by 18.6 percent over the PAST YEAR, according to Payscale. In fact, corporate earnings now represent a larger share of GDP than during any other period in history.

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Unfortunately, Payscale predicts that wage growth will continue to slow. The firm said that U.S. wages would only increase 0.8 percent year-over-year in the fourth quarter of 2013, less than one half of the 1.7 percent growth experienced in the third quarter.

http://www.huffingtonpost.com/2013/10/01/real-wages-down_n_4023869.html?utm_hp_ref=business

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October 2, 2013 Posted by | Uncategorized | , , , | Leave a comment

“Quote of the Day”

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August 14, 2012 Posted by | 2012, GOP morons, Romney, We Are the 99 Percent | , , , , , , , , | 1 Comment

Scranton, PA, Defies Court Order; Reduces Police Officers, Firefighters’ Pay To Minimum Wage

Via: Think Progress

Ignoring a federal judge’s injunction, Scranton, Pennsylvania moved ahead with its plan to reduce the pay of city workers to the federal minimum wage starting Friday. Scranton Mayor Chris Doherty claims the city is broke and that the minimum wage payments are all it can possibly pay, the Scranton Times Tribune reports:

Amid Scranton’s ever-deepening financial crisis, Mayor Chris Doherty said his administration is going forward with a plan to unilaterally slash the pay of 398 workers to the federal minimum of $7.25 an hour with today’s payroll, insisting it is all the city can afford.

That will likely earn administration officials an appointment with Judge Michael Barrasse, who granted the city’s police, fire and public works unions a special injunction temporarily barring the administration from imposing the pay cuts after a brief hearing Thursday.

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Many of those workers are police officers, firefighters, and other public safety workers, industries that have been slammed by contractions in state and local budgets since the Great Recession. Congressional Republicans repeatedly blocked efforts to extend aid to the states that would have helped shore up their budgets and keep these workers on payroll. In the case of Scranton, such aid may have helped the city actually pay its workers a living wage instead of a federal minimum that hasn’t been raised since 2006 and has less buying power than it had in 1968.

http://thinkprogress.org/economy/2012/07/08/512572/scranton-minimum-wage-workers/

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July 10, 2012 Posted by | We Are the 99 Percent | , , , , , , , , , | 1 Comment

Robert Frank – Image Gallery

Via: First Time User

London, 1950

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See more images, HERE:

http://firsttimeuser.tumblr.com/tagged/Robert-Frank

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Robert Frank (born November 9, 1924, Zürich), is an important figure in American photography and film.

His most notable work, the 1958 photobook titled The Americans, was influential, and earned Frank comparisons to a modern-day de Tocqueville for his fresh and skeptical outsider’s view of American society.

Read more, HERE:

http://en.wikipedia.org/wiki/Robert_Frank

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July 9, 2012 Posted by | American photoghaphers | , , , , , | Leave a comment

‘Victory for the American People!’ – yeah, but did ‘Boehner, Boner, whatever’, cry?

For the record: this was taken the day before the ruling.

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June 29, 2012 Posted by | 2012, Boehner, President Obama, Romney | , , , , , , , , , , , , , | Leave a comment

Wim Dussel – Image Gallery

Via: First Time User

– Sjouwerman in Istanbul, Turkey

– 1958

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See more images, HERE:

http://firsttimeuser.tumblr.com/tagged/Wim-Dussel

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June 26, 2012 Posted by | We Are the 99 Percent | , , , , , , | Leave a comment

James Madison

“It is essential to such a government that it be derived from the  great body of the society, not from an inconsiderable proportion, or a favored  class of it; otherwise a handful of tyrannical nobles, exercising their  oppressions by a delegation of their powers, might aspire to the rank of  republicans, and claim for their government the honorable title of republic.”

— James Madison, Federalist 39, January 16, 1788.

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June 22, 2012 Posted by | 2012 | , , | Leave a comment

Americans Say They’re Better Off Since Obama Took Office

Via: Bloomberg (commie rag!)

A plurality of Americans now say they are better off than they were when President Barack Obama was inaugurated, providing a surprising lift to Obama’s re-election campaign despite troublesome economic news.

Forty-five percent of those surveyed in a Bloomberg National Poll say they are better off than at the beginning of 2009 compared with 36 percent who say they are worse off. In March, poll respondents split almost evenly on that question after having been decidedly negative since the aftermath of the worst recession in seven decades.

“I’m just tired of the doom and gloom,” says Jim Seeley, 52, a mortgage banker in Traverse City, Michigan, and a poll respondent, in a follow-up interview. “I think it’s looking better. People just need to stay positive.”

http://www.bloomberg.com/news/2012-06-20/americans-say-they-re-better-off-since-obama-took-office.html

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photo:

‘Mitt Romney’s New $12 Million California House’ (Not to be confused with his Massachussets, Utah, and New Hampshire houses)

http://www.huffingtonpost.com/2008/06/10/mitt-romneys-new-12-milli_n_106424.html

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personal thought:

The 1% is doing a damn sight better!

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And the 99%?

We should be, and can be, doing a whole lot better:

Re-Elect Obama/Biden!

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June 21, 2012 Posted by | 2012, President Obama, Romney | , , , , , , , | Leave a comment

“Quote of the Day”

Via: The Economic Times

Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his seaside villa in Dubrovnik, Croatia. (see photo)

 “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.”

“Of course the youth will never get an opportunity to work; but hey, tough shit.”, he didn’t add.

– Robert Benmosche, CEO, AIG

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Read more, HERE:

http://economictimes.indiatimes.com/news/international-business/aig-chief-robert-benmosche-sees-retirement-age-at-80-after-euro-crisis/articleshow/13828151.cms

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Yes, we know.

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June 5, 2012 Posted by | 2012, Occupy Wall Street, We Are the 99 Percent | , , , , , , , , , | Leave a comment

We Are the 99 Percent

We are the 99 Percent.

We are getting kicked out of our homes.

We are forced to choose between groceries and rent.

We are denied quality medical care. We are suffering from environmental pollution.

We are working long hours for little pay and no rights, if we’re working at all.

We are getting nothing while the other 1 percent is getting everything.

We are the 99 percent.

Brought to you by the people who occupy wall street.

Why will YOU occupy?

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Please visit their website, and tell YOUR story.

http://wearethe99percent.tumblr.com/

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May 26, 2012 Posted by | 2012, Occupy Wall Street, We Are the 99 Percent | , , , , , | Leave a comment