City of Berkeley recently announced plans to remove all financial assets from the city’s current banker, Wells Fargo–a withdrawal of approximately $300 million.
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Using historical data, Richard Wilkinson illustrates how income disparities WITHIN a society are strongly correlated with poorer general health, shorter lifespans, increased violence, less upward mobility, and much, much more. Quite shocking. Economic inequality matters.
Dylan Ratigan, of MSNBC’s “The Dylan Ratigan Show,” and author, of Greedy Bastard$! is interviewed by Quentin Hardy, Deputy Technology Editor, The New York Times.
Bill Moyers interviewed former Citigroup chairman John Reed about the financial crisis. When asked about government regulation, he replied with this about cars and brakes (paraphrased):
Reed: Why does a car have brakes?
Moyers: To stop.
Reed: NO! A car has brakes so you can go FAST.
Imagine if you had a car without brakes–and you knew it.
How fast would you go?
Caught this interview with Elizabeth Warren on The Daily show. Particularly liked the part about value:
Whenever we give tax breaks or spend tax money, we’re investing. Those investments reflect our values, or rather, they reflect the values of our legislators:
…The list goes on & on.
Part 2 is particularly good…
The line that startled me was at the beginning:
“Today just 400 Americans have the same wealth as half of all Americans combined.”
Transcript below…