”No matter what, I’ll be supporting Occupy Wall Street. And I think the movement’s basic strategy – to build numbers and stay in the fight, rather than tying itself to any particular set of principles – makes a lot of sense early on. But the time is rapidly approaching when the movement is going to have to offer concrete solutions to the problems posed by Wall Street. To do that, it will need a short but powerful list of demands. There are thousands one could make, but I’d suggest focusing on five:
1. Break up the monopolies. The so-called “Too Big to Fail” financial companies – now sometimes called by the more accurate term “Systemically Dangerous Institutions” – are a direct threat to national security. They are above the law and above market consequence, making them more dangerous and unaccountable than a thousand mafias combined. There are about 20 such firms in America, and they need to be dismantled; a good start would be to repeal the Gramm-Leach-Bliley Act and mandate the separation of insurance companies, investment banks and commercial banks.
2. Pay for your own bailouts. A tax of 0.1 percent on all trades of stocks and bonds and a 0.01 percent tax on all trades of derivatives would generate enough revenue to pay us back for the bailouts, and still have plenty left over to fight the deficits the banks claim to be so worried about. It would also deter the endless chase for instant profits through computerized insider-trading schemes like High Frequency Trading, and force Wall Street to go back to the job it’s supposed to be doing, i.e., making sober investments in job-creating businesses and watching them grow.
3. No public money for private lobbying. A company that receives a public bailout should not be allowed to use the taxpayer’s own money to lobby against him. You can either suck on the public teat or influence the next presidential race, but you can’t do both. Butt out for once and let the people choose the next president and Congress.
4. Tax hedge-fund gamblers. For starters, we need an immediate repeal of the preposterous and indefensible carried-interest tax break, which allows hedge-fund titans like Stevie Cohen and John Paulson to pay taxes of only 15 percent on their billions in gambling income, while ordinary Americans pay twice that for teaching kids and putting out fires. I defy any politician to stand up and defend that loophole during an election year.
5. Change the way bankers get paid. We need new laws preventing Wall Street executives from getting bonuses upfront for deals that might blow up in all of our faces later. It should be: You make a deal today, you get company stock you can redeem two or three years from now. That forces everyone to be invested in his own company’s long-term health – no more Joe Cassanos pocketing multimillion-dollar bonuses for destroying the AIGs of the world.
To quote the immortal political philosopher Matt Damon from Rounders, “The key to No Limit poker is to put a man to a decision for all his chips.” The only reason the Lloyd Blankfeins and Jamie Dimons of the world survive is that they’re never forced, by the media or anyone else, to put all their cards on the table. If Occupy Wall Street can do that – if it can speak to the millions of people the banks have driven into foreclosure and joblessness – it has a chance to build a massive grassroots movement. All it has to do is light a match in the right place, and the overwhelming public support for real reform – not later, but right now – will be there in an instant.” Matt Taibbi
“The significance of our lives, and our fragile planets, is then only determined by our own wisdom and courage… If we crave some cosmic purpose, then let us find ourselves a worthy goal” Carl Sagan
“I can live with doubt, and uncertainty, and not knowing. I think it’s much more interesting to live not knowing than to have answers which might be wrong. I have approximate answers, and possible beliefs, and different degrees of certainty about different things, but I’m not absolutely sure of anything and then many things I don’t know anything about. But I don’t have to know an answer, I don’t feel frightened by not knowing, by being lost in a mysterious universe without having any purpose, which is the way it really is, as far as I can tell possible. It doesn’t frighten me” Richard Feynman
media and its message…
Preview for ‘Miss Representation’ : www.missrepresentation.org/home.html
“ As the most persuasive and pervasive force of communication in our culture, media is educating yet another generation that a woman’s primary value lay in her youth, beauty and sexuality—and not in her capacity as a leader, making it difficult for women to obtain leadership positions and for girls to reach their full potential.”
” Drawing from some of the most pivotal points in his life, Steve Jobs, chief executive officer and co-founder of Apple Computer and of Pixar Animation Studios, urged graduates to pursue their dreams and see the opportunities in life’s setbacks — including death itself — at the university’s 114th Commencement on June 12, 2005. “
Transcript of Steve Jobs’ address:
“This animate was adapted from a talk given at the RSA by Sir Ken Robinson, world-renowned education and creativity expert and recipient of the RSA’s Benjamin Franklin award.”
For more information on Sir Ken’s work visit: http://www.sirkenrobinson.com
Empire or Humanity?
What the Classroom Didn’t Teach Me about the American Empire
by Howard Zinn
Narrated by Viggo Mortensen
Charlie Chaplin in the final scene from the classic movie The Last Dictator updated with contemporary images.
“In a Horizon special, naturalist Sir David Attenborough investigates whether the world is heading for a population crisis.
In his lengthy career, Sir David has watched the human population more than double from 2.5 billion in 1950 to nearly seven billion. He reflects on the profound effects of this rapid growth, both on humans and the environment.
While much of the projected growth in human population is likely to come from the developing world, it is the lifestyle enjoyed by many in the West that has the most impact on the planet. Some experts claim that in the UK consumers use as much as two and a half times their fair share of Earth’s resources.
Sir David examines whether it is the duty of individuals to commit not only to smaller families, but to change the way they live for the sake of humanity and planet Earth.”
‘Want to act on overpopulation? Sign the petition for a worldwide controlled birth stop here:’
Playlist of all parts:http://www.youtube.com/user/marksmanr#grid/user/6DA2E24DD385096C