Four trillion in secret loans

Keep in mind that all of the U.S. tax receipts for an entire year are only two trillion dollars. Now read this:

""This report reveals the inherent conflicts of interest that exist at the Federal Reserve.  At a time when small businesses could not get affordable loans to create jobs, the Fed was providing trillions in secret loans to some of the largest banks and corporations in America that were well represented on the boards of the Federal Reserve Banks.  These conflicts must end," [Senator Bernie] Sanders said."

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Growing income disparity and its consequences

Joseph Stiglitz has some shocking numbers:

Nowadays, these numbers show that the American dream is a myth. There is less equality of opportunity in the United States today than there is in Europe – or, indeed, in any advanced industrial country for which there are data. This is one of the reasons that America has the highest level of inequality of any of the advanced countries – and its gap with the rest has been widening. In the “recovery” of 2009-2010, the top 1% of US income earners captured 93% of the income growth. Other inequality indicators – like wealth, health, and life expectancy – are as bad or even worse. The clear trend is one of concentration of income and wealth at the top, the hollowing out of the middle, and increasing poverty at the bottom.
This is troubling, but not merely for a sense of mathematical equality or even gut level justice. This is bad news because income disparity hurts people in predictable and demonstrable ways.

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The real lesson of Facebook

Matt Taibbi of Rolling Stone sharply questions the integrity of the stock market:

Virtually every week now we see stories like this that hint at a kind of two-tiered market system – in which most of the real action takes place inside an unregulated black-box network of connected insiders who don’t disclose their relationships or their interests, while everyone else, i.e. the regular suckers, live in the more tightly-policed world of prospectuses and quarterly reporting and so on. . . . Sooner or later, people are going to clue into the fact that one or two big banks, acting in concert with a choice assortment of unscrupulous "preferred investors," can at least temporarily prop up or topple just about anything they want, from Greece to Bear Stearns to Lehman Brothers.

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A few words about traditional marriage

Jay Michaelson delivers some inconvenient news to those who claim that marriage has always meant one man committed to one woman:

Time to break out your Bible, Mr. Perkins! Abraham had two wives, Sarah and her handmaiden Hagar. King Solomon had 700 wives, plus 300 concubines and slaves. Jacob, the patriarch who gives Israel its name, had two wives and two concubines. In a humanist vein, Exodus 21:10 warns that when men take additional wives, they must still provide for their previous one. (Exodus 21:16 adds that if a man seduces a virgin and has sex with her, he has to marry her, too.) But that’s not all. In biblical society, when you conquered another city, tribe, or nation, the victorious men would “win” their defeated foes’ wives as part of the spoils. It also commanded levirate marriage, the system wherein, if a man died, his younger brother would have to marry his widow and produce heirs with her who would be considered the older brother’s descendants. Now that’s traditional marriage!
I would add that even in modern times, "marriage" means serial monogamy--being committed for life to one special person, until you get tired of that person and then move on to being committed to a different person forever.

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Facts, figures and hypocrisy regarding marijuana

I've never used marijuana. I'm not promoting the use of marijuana, or alcohol intoxication, or the use of prescription drugs to get high. On the other hand, I know that many people do these things. In my opinion, it is not for me to tell other folks how to run their lives, as long as A) they are not minors and B) these activities don't seriously interfere with their duties to their family or work. How is it that getting high on alcohol or prescription drugs (or runner's high and other natural ways to get high) are OK, yet smoking a joint will cause you to end up in jail and give you a noteworthy criminal record? Yes, if you are arrested on your own property for the crime of trying to escape stress or pain, you can be marched through the same criminal justice system as those who steal cars, those who rape, and those who commit arson. With that in mind consider the following statistics regarding marijuana usage from Huffpo:

While Obama's term began with great promise for drug policy reformers, in the past two years it has been difficult to distin­guish Obama's drug policies from those of his White House predecessors. Although President Obama has acknowledged that legalization is "an entirely legitimate topic for debate" -- the first time a sitting president has made such a statement -- his administra­tion has made a string of increasingly disappointing moves over the last year. Half of all U.S. drug arrests are for marijuana -- more than 850,000 Americans were arrested for marijuana in 2010 alone, 88 percent for mere possession.
Please note carefully that 850,000 is more people than the entire state of South Dakota. America has massively dysfunctional priorities, and it's time to think of a better way to handle urges people to get high. I would propose that we handle marijuana like we handle alcohol. Regulate it and tax it. When people whine that others are getting high illegally, I'm inclined to tell them to shut the hell up, because they are probably getting high on something (most likely alcohol or prescription drugs). And perhaps they are getting high on their feelings of moral superiority and the the excitement they get when they support laws that invade the private lives of their neighbors. The above Huffpo article makes the legitimate point that Barack Obama would not be President if the harsh marijuana crackdown he is supporting had been applied to the young Barry Obama smoking a joint. How many otherwise law-abiding people are thrown into the criminal justice system because of the sin of wanting to feel some pleasure or some escape from the stress of the crazy world, or some relief from serious chronic pain?

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