For swimming pools like this:
Jobs created (estimated): pool boy, swimming waiter (?), sunscreen applier, nose wiper, towel holder…
Jobs destroyed: pay no attention to the companies that went into bankruptcy and the massive layoffs so this millionaire would get a large end-of-the-year bonus and / or stock dividends (taxed at a lower rate than our income). Brand new minimum-wage jobs might be just around the corner for the newly unemployed!
National Journal’s Jim Tankersley reported today that the wonkfest’s organizers decided not to post the video of a TED presentation by a venture capitalist named Nick Hanauer, who’d spoken about how the American middle class has been left behind:
“We’ve had it backward for the last 30 years,” [Hanauer] said. “Rich businesspeople like me don’t create jobs. Rather they are a consequence of an ecosystemic feedback loop animated by middle-class consumers, and when they thrive, businesses grow and hire, and owners profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.”
You can’t find that speech online. TED officials told Hanauer initially they were eager to distribute it. “I want to put this talk out into the world!” one of them wrote him in an e-mail in late April. But early this month they changed course, telling Hanauer that his remarks were too “political” and too controversial for posting.
TED curator Chris Anderson* emailed Hanauer that while “I personally share your disgust at the growth in inequality in the US,” he felt that posting the talk would lead to “a tedious partisan rehash of all the arguments we hear every day in the mainstream media.”
Tankersley has posted the text and slides from Hanauer’s talk. A couple of his charts will be familiar to MoJo readers—we originally published them as part of our packages on income inequality and the workplace speed-up.
The slogan of the nonprofit group behind the site is “Ideas Worth Spreading.”
There’s one idea, though, that TED’s organizers recently decided was too controversial to spread: the notion that widening income inequality is a bad thing for America, and that as a result, the rich should pay more in taxes.
(RELATED: The Speech That’s Too Hot for TED)
TED organizers invited a multimillionaire Seattle venture capitalist named Nick Hanauer – the first nonfamily investor in Amazon.com – to give a speech on March 1 at their TED University conference. Inequality was the topic – specifically, Hanauer’s contention that the middle class, and not wealthy innovators like himself, are America’s true “job creators.”
(RELATED: The Slides That Are Too Hot for TED)
Sam Seder: Don’t Mention Income Inequality at a TED Talk
bluemooncandles: Vibrant eclipse today/tonight!
Today, clear skies in Arizona are expected to feature one of the most striking eclipses in the past few decades. The partial eclipse will begin just before 5:30 p.m. and last through sunset. At the height of the eclipse, around 6:35 p.m., the moon’s silhouette will block 83 percent of the sun’s surface area in the Phoenix area and 87 percent in Flagstaff.
Our thoughts are with you…
(Photo: Photo By STRINGER/ITALY/REUTERS)
One of the worst quakes to hit northeast Italy in hundreds of years rattled the region around Bologna early Sunday, killing at least four people, collapsing factories and sending residents running out into the streets, emergency services said.
The magnitude-6.0 temblor struck at 4:04 a.m., with its epicenter about 35 kilometers (22 miles) north of Bologna at a relatively shallow depth of 5 kilometers (3.2 miles), the U.S. Geological Survey said.
Civil defense agency official Adriano Gumina said the quake was the worst in the region since the 1300s. It left bell towers cracked, chunks of church facades lying in the streets, and roofs caved in.
Agency chief Franco Gabrielli put the death toll from quake damage at four — all overnight-shift factory workers who died as buildings collapsed in three separate locations. In addition, he said, two women died — apparently of heart attacks possibly sparked by fear, shortly after the quake rocked the area.
Sky TG24 TV reported one of them was about 100 years old.
Gabrielli said “dozens” were injured, although it was too soon for a definitive count. Continue reading…
WHAT THE REPUBLICAN PARTY STANDS FOR TODAY—————————–—
The GOP House passed a defense budget Friday that exceeds the deal cut by Congress and President Barack Obama last summer, and that would have to be paid for with cash taken from poverty programs, health care and the federal workforce. The National Defense Authorization Act permits $642 billion in defense spending next year. The White House has threatened to veto the bill, which passed 299 to 120, citing more than 30 changes to the budget the administration was seeking. But the measure also adds $8 billion more than called for in the Budget Control Act that Congress agreed to last summer in exchange for raising the nation’s debt limit. – HuffPo
Are Republicans deliberating trying to hurt the economy for political gain? Some top Democrats say yes, pointing to GOP stances on the debt limit and other issues that they claim are causing unnecessary economic anxiety and retarding growth. [...] “The last thing the country needs is a rerun of last summer’s debacle that nearly brought down our economy,” Schumer said in a statement. In an interview, Schumer added: “I hope that the speaker is not doing this because he doesn’t want to see the economy improve, because what he said will certainly rattle the markets.” Regardless of whether Schumer’s suspicions are right, there’s evidence that unceasing partisan gridlock and the prospect of big tax increases and spending cuts in January are causing some companies to postpone expansions. Even small economic slowdowns are bad news for Obama, who is seeking re-election amid high unemployment. – AP
Back in February, Paul Krugman argued that Mitt Romney is “running a campaign of almost pathological dishonesty.” Was this an intemperate analysis? Perhaps. Three months later, does it seem fair? Put it this way: take a look at the 18th installment of my weekly series, chronicling Mitt’s mendacity. – Steve Benen
The severe racism of white, far-right Christians – Phyllis Schlafly founded a group called the Eagle Forum and this is what it had to say about the growing minority population here: It is not a good thing. The immigrants do not share American values, so it is a good bet that they will not be voting Republican when they start voting in large numbers.[...] Instead, the USA is being transformed by immigrants who do not share those values, and who have high rates of illiteracy, illegitimacy, and gang crime, and they will vote Democrat when the Democrats promise them more food stamps. That explains why the far-right — especially old-schoolers like Pat Buchanan and Schlafly — are so kerfuffled. First, America is becoming more brown and therefore “ghettoized” (their term) and, two, the brown people vote Democratic. They simply don’t believe that America can remain civilized and ordered if brown people take over, so they will use whatever means at their disposal to oppress the minority and immigrant population. This is racism illustrated. – Bob Cesca
Geraldo Rivera: Trayvon Martin was ‘dressed in thugwear’ – “I think what is far more significant is what Trayvon Martin looked liked that night Bill,” Rivera said. “Aside from the fact that he was dressed in that thugwear, look at the size of him. He’s not a little kid, he’s 6’2, he’s a strapping youngster. You can see that if this man, this young man was a stranger to George Zimmerman. He looks just like the people who have been burglarizing and victimizing that neighborhood for the last six months. He was exactly the person that George Zimmerman, the property owner, feared. He looked just like the others.” – Raw Story
WHAT THE PRESIDENT / DEMOCRATS STAND FOR ————————————
The leaders of the G8 conference, assembled this weekend at Camp David, Maryland, took a break to watch the riveting overtime shootout of the Chelsea vs. Bayern Munich Champions League soccer final today. Check out the range of expressions in this photo — especially those of Cameron and Obama (upper left) versus France’s new President, Francois Hollande at the lower right. — TPM
(Photo credit: Pete Souza | White House)
Watch Live from the NATO Summit in Chicago – This week, leaders from the 28 member countries of the North Atlantic Treaty Organization will gather in Chicago for a summit aimed at discussing international security and the war in Afghanistan. This will be the 25th time NATO has held a summit and the first time the United States has hosted the event since 1999. It will also be the largest such event in the organization’s history. Throughout the day on Sunday and Monday, the U.S. State Department will broadcasts events with President Obama and foreign leaders. Click here to watch.
World Leaders at U.S. Meeting Urge Growth, Not Austerity – CAMP DAVID, Md. — Leaders of the world’s richest countries banded together on Saturday to press Germany to back more pro-growth policies to halt the deepening debt crisis in Europe, as President Obama for the first time gained widespread support for his argument that Europe, and the United States by extension, cannot afford Chancellor Angela Merkel’s one-size-fits-all approach emphasizing austerity. Pointedly recognizing “that the right measures are not the same for each of us,” the leaders of the Group of 8 nations, at a meeting hosted by Mr. Obama at Camp David, committed to “take all necessary steps” to strengthen their economies. They said they wanted to keep Greece in the euro zone and vowed to work to promote growth in Europe, though they did not detail how they would do so. “Our imperative,” the leaders said in their statement, “is to promote growth and jobs.” – NY Times
Hawaii wants Arizona to know it is sick of their nonsense: The attorney general’s office in Hawaii is telling Arizona’s secretary of state that if he wants confirmation of President Obama’s birth records, he’ll have to prove he legitimately needs it. Special Assistant Joshua Wisch said late Friday that Arizona Secretary of State Ken Bennett hasn’t done that despite numerous email and phone exchanges between their offices. […] Hawaii officials have confirmed multiple times that Obama was born there. – John Cole
Facts on Romney’s Steel Mill Video – corporate welfare, corporate welfare, corporate welfare: FACT: “Steel Dynamics received $92,000 in government cash for every job created” and “Romney’s Bain Capital provided less than 5% of the initial investment for SDI – government subsidies were valued at 10%”
Jobs records: comparing Bush and Obama — So compare private-sector job creation from January 2001 to January 2009 — the Bush era — with job creation from January 2009 to April 2012. Or maybe you think presidents shouldn’t be held accountable for their first year, and want to start either comparison from the first January after inauguration. Here are the results: (via: Paul Krugmn)
Adorable. Snort .. sneeze … SNEEZE! That’s water!