Americans are pie in the sky regarding economic and social mobility

Based surveys by the Brookings Institute, Americans fervently want to believe that hard work pays off in America. They believe that you are not locked into a particular strata of social and economic mobility by the lot of your parents. Yet the evidence doesn't bear this out.

While cross-country comparisons of relative mobility rely on data and methodologies that are far from perfect, a growing number of economic studies have found that the United States stands out as having less, not more, inter-generational mobility than do Canada and several European countries. American children are more likely than other children to end up in the same place on the income distribution as their parents. Moreover, there is emerging evidence that mobility is particularly low for Americans born into families at the bottom of the earnings or income distribution.
The truth is that the United States is a low-mobility country:
In the United States and the United Kingdom, about half (50 percent) of parental earnings advantages are passed onto sons. If trends hold consistent, it would take an average of six generations for family economic advantage to disappear in the United States and the United Kingdom.
Paul Krugman sums it up: "[T]he right is winning economic debates because people believe, wrongly, that there’s something inherently moral about free-market outcomes." We Americans are dreamers, even when it blinds us to the need for real change. "American children are more likely than other children to end up in the same place on the income distribution as their parents." The real numbers contained in the linked report are real eye-openers. All of this was predictable. The Economist wonders where the anger is:
It's striking how little inchoate public rage has actually boiled to the surface in the rich world. Rising inequality, especially at the top end, combined with stagnating middle class incomes, has been a feature of the world for at least the past ten years. It's been two years since the biggest bail-outs and the rise toward double-digit unemployment. And the anger is...where? Europeans are demonstrating against budget cuts, but these are rarely explicitly directed at national plutocrats. In America, the language of the angriest is very similar to that of the plutocrats themselves. Indeed, the complaint that today's elite lack the noblesse oblige of the aristocrats of old, and are therefore risking public anger, seems to badly misread American public opinion. The middle class doesn't want hand-outs from condescending rich people. They want moralistic language and complaints about deficits.

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Barack Obama does nothing to stop the Comcast-NBC merger

At Huffpo, Josh Silver of Free Press points out the utterly painful trend we've seen regarding the President of "Hope" and "Change."

President Obama is being squeezed by a corrupt Washington that is run by industry lobbyists, fake grassroots groups, massive political spending and PR machines that make the most basic public interest protections impossible to advance. But rather than tell that story, dig in, and fight like a true leader would, Obama has chosen to hire corporate-friendly advisers, compromise on the most crucial substance, and attempt to eke out weak, symbolic, half-victories gift-wrapped in flowery oratory and spin. It's a losing strategy that has become brutally transparent.
But what about all of those protections of the public that the FCC built into the merger terms.
This merger will touch all corners of the media market, and you won't be immune. Comcast will jack up the prices that other cable and online distributers pay for NBC content, and those prices will be passed to you. That means higher cable and Internet bills, even if you don't subscribe to Comcast. Comcast and the FCC Chairman argue that there are "conditions" applied to the merger that protect the public, (details about the conditions are not out yet) but they fail to mention that the key provisions are either voluntary (no, that's not a typo), or expire after a few years. Then, all bets are off, as the merger squeezes out what's left of independent, diverse voices from television dials, and forever changes the Internet as we know it.

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Wikileaks and a Swiss bank list

On Monday, Rudolph Elmer is said to have turned over to Wikileaks names of US, UK and Asian celebrities, lawmakers and business-folks who may or may not have been trying to avoid paying taxes. Apparently, the data are confusing even to those used to dealing with such, so release won't be soon. Still, it will be interesting to see who is in the Heidi Fleiss Black Book of off-shore accounts. Most particularly if there are any prominent (and current) US lawmakers.

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Eagle days on the Mississippi River

Although St. Louis was founded as a fur trading post, it is no longer well known as a place to view wildlife. But you can still spot wildlife. Yesterday my family traveled about 10 miles north of downtown St. Louis to the "Old Chain of Rocks Bridge," which spans the Mississippi River.

The bridge was for a time the route used by U.S. Route 66 to cross over the Mississippi. Its most notable feature is a 22-degree bend occurring at the middle of the crossing, necessary to allow river traffic to have uninterrupted navigation on the river. Originally a motor route, the bridge now carries walking and biking trails over the river. The bridge was added to the National Register of Historic Places in 2006.

I do need to add that this was a brilliant use of an old narrow bridge. Click on the thumbnail for a panorama showing the view south from the bridge (Downtown St. Louis is on the horizon to the left). The bridge is located in a big wide relatively quiet area (except for one other bridge that runs parallel), where one can enjoy the Mississippi River and the surrounding undeveloped areas, just north of the Chain of Rocks rapids and a bit south of the confluence between the Missouri and Mississippi Rivers. For one weekend each year, this wonderful bridge is featured as the venue for Eagle Days, a prime spot for viewing American bald Eagles. This is rather cool, to be able to spot wild bald eagles right in the heart of the Midwest. Here's a bit more description of their migration relevant to the Mississippi. [More . . . ]

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