Oct 12, 2011 at 1:04 PMCHART - U.S. Corporate Profits Vs. Employee Wages
In Japan the ratio of pay for a ceo compared to that of the average worker is…11 to 1.
In Germany that ratio expands to a dizzying.....12 to 1.
And in the United States…..it’s 475 to 1.
Great chart is inside.
Occupy Wall Street More Popular Than Congress, GE's Immelt - Intellectual Styles Of The Rich And Clueless, Huntsman Only Candidate That Blames Banks, The Volcker Rule: Toothless Then, Even More Toothless Now (LINKS)
Stories from around the web this morning.
- Jon Huntsman - Only Candidate That Blames Too Big To Fail Banks
- Krugman On GE's Jeff Immelt - Intellectual Styles Of The Rich And Clueless
- Congress issues subpoena for Holder, others in 'Fast and Furious' probe
- Documents: Feds allowed Sinaloa cartel to move cocaine into U.S. for information
- Economic recovery begins with forgiveness - Complete Nonsense
- Banks Scared Of OWS Protesters, So They Offer Tips To Employees
- The Volcker Rule: Toothless Then, Even More Toothless Now
- Slovak parliament REJECTS expanding Europe's Bailout Fund
- DOJ Lawsuit Against Morgan Stanley For Rigging NYC Electricity Bids
- New Poll Says Occupy Wall Street Protesters More Popular Than Congress
Additional stories are in comments below.
Dear Super Congress - Bring Our War Dollars Home!
Seventy members of Congress have signed a short letter to the 12-member Super Congress calling for ending the wars in Iraq and Afghanistan, thereby "saving more than $1.8 trillion from current law spending levels over ten years." That’s $1.8 trillion in savings beyond already-planned troop drawdowns. And it’s $700 billion more in savings than President Obama proposed this week to find through a plan that cuts our social safety net. The bipartisan letter concludes: "Before we ask American families to pitch in more, let's bring our troops home -- and, in the process, our tax dollars home." If you agree with these 70 Congress members, sign below to tell the Super Committee.
Bring Our War Dollars Home!
Fox News Juan Williams: 'This is The Age Of Ron Paul, Don't Discount A Third-Party Presidential Run'
Fox News Juan Williams drops a hint: A third-party Ron Paul presidential run...?
'People don't understand the power of his supporters.'
“I think the Republican Party has to worry that when all is said and done, he might figure, ‘well, I can’t make it in this party, this party is not for me,’ and if he goes third party in the Fall, he is not going to be taking votes away from Barack Obama,” Hume said.
“You know I think this is the age of Ron Paul in so many ways,” Williams added. “I think he is the father of the tea party, his son is in the Senate, I think you’re exactly right. People don’t understand the power of Ron Paul.”
Full quotes inside.
Max Keiser: "Pitchforks & Torches See Higher Prices, Where Are The Guillotines For Wall Street?"
Video - Max & Stacey - Oct. 7, 2011
Short clip, full of truth, still waiting on Wall Street prosecutions.
Now this could get interesting from Max:
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Calpers CIO Tells CNBC :"I Understand Why People Are Protesting, Wall Street Is A Rigged Game"
CNBC Video - Joseph Dear, Chief Investment Officer CALPERS - Oct. 11, 2011
People are “waking up” to the fact that “the game appears to be rigged,” Joe Dear, CIO of California Public Employees’ Retirement System, told CNBC Tuesday.
“The financial system gets bailed out, executives' salaries stay high and the incomes of people who work for a living, paycheck to paycheck, continue to decline,” said Dear.
The fact that people are taking to the streets because the economy isn't meeting the needs of ordinary Americans "should not come as any surprise to anybody," he explained.
Dear Bank Of America - This Is Why We Hate You
PHOTO - The Guillotine Used To Behead Marie Antoinette
- Dear Bank Of America - This Is Why We Hate You
- Nobel Winner Warns Against Obama Stimulus, Calling It ‘Surprisingly Naïve’
- Why I ditched my big BAD bank!
- NYC Comptroller Says 10,000 finance jobs to vanish from Wall Street
- Is Operation Twist already a failure?
- Herman Cain's 9-9-9 tax plan: Break for the rich?
- UK And U.S. Regulators Look To Crack Down On High-Frequency Trading
MUST SEE: Irish Protesters Rage Against The Banks - Beautiful Black & White Photo Essay
See the rest of the photos - 25 pics - all black & white...
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Corporate Raider Asher Edelman Backs Occupy Wall Street: "Banks Win, Taxpayers Automatically Lose"
Asher Edelman, the well-known corporate raider, told CNBC Tuesday that he supported Occupy Wall Street, saying “the greed of the banks are the cause for the terrible economic situation that we have today.”
Edelman helped inspire the character Gordon Gekko in the 1987 film “Wall Street.”
Edelman appeared at Zuccotti Park:
- “The banking system has become a system, which is one large hedge fund supported by the free money of the depositors and by the taxpayers whenever it loses. That was not the banking system of the 1980s."
- "We are on the verge of another banking crisis. The government must handle it in another way this time."
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Video: Kanye West Supports Occupy Wall Street, Majority Of Republicans Support Higher Taxes On The Wealthy, Former Goldman CEO Jon Corzine Speaks On Protests (LINKS)
Video - Kanye West supports Occupy Wall Street...
- Bloomberg Poll: Majority of Republicans support increased taxes on the wealthy
- Wall Street Protesters March In 'Billionaire's Tour' of NYC
- Former Goldman Sachs CEO Jon Corzine On Occupy Wall Street
- FDIC Votes to Approve Volcker Rule for Banks
- Feingold: Republicans ‘nervous’ that ‘Occupy’ protests ‘might work’
- Blythe Masters - J.P. Morgan Commodities Chief Takes the Heat - WSJ
- Dexia's Belgian Bank To Be 100% Nationalized
- 'EU Leaders Are Staring at Markets Like Rabbits at a Snake' - Der Spiegel