iF THE ECONOMY WAS AN AIRPLANE:  Cutaways of airplanes for 1970s, 1990s, 2010s showing rich persons in first class gradually squeezing coach passengers into sardines.  Plutocrat all stretched out on his reclining seat says,

Via Progressive Populist.

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In a longer post about Tim Draper’s plan to separate California into six states (George Smith delivers a scathing take-down of that exercise in narcissism at his place), Tom Hilton highlights the one of the (many) logical fallacies inherent in Libertarianism:

The whole thing is an object lesson in the poverty of libertarianism. Libertarians think governing is easy. They think it’s easy because they don’t really care about the details, and they don’t really care about the details because they think it’s easy. (And of course they think it’s easy because at heart they’re fundamentally anti-democratic, fetishizing the dictatorial rule of all-powerful CEOs as their model for governance.)

And because they think governing is easy, because they don’t care about the details, whenever by some hideous mischance one of them is given a position of responsibility, they invariably prove spectacularly inept at governing.

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Another bank gets blanked. Bank no more on

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14 July 2014 · Comments Off · Categories: Masters of the Universe

At Delaware Liberal, one of the regulars compares persons and “corporate persons” and wonders which gets the “Get Out of Jail Free” card. A nugget:

Get out of Jail

Harming Neighbors-Real people harming neighbors, like throwing garbage in their gutter or flooding the neighborhood with the garden hose, can be sued, stopped by health authorities or given restraining orders. Corporate people go on for years polluting neighbors with toxins and it requires a monumental, expensive legal effort to stop or restrain them. Often they are excused because they “give people jobs”.

Follow the link. The whole post is worth your while.

“Corporate personhood” is a Frankenstein’s monster which, like its original, has the potential to destroy its creators while laying waste to the polity and its environs–and its environment.

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13 July 2014 · Comments Off · Categories: Masters of the Universe

Also, pigs, wings.

After a 16-year struggle, Nationwide gets adjudged to pay a $25,000 claim, plus $18,000,000 in punitive damages, described in the story as the largest punitive damages award against an insurance company for “bad faith” dealings in Pennsylvania history.

The judge in the case determined that Nationwide spent more than $3 million to defend a claim over a Jeep it could and should have replaced for $25,000.

He found that the Jeep remained unsafe even after repairs.

Rather than replace it, he said, Nationwide had engaged in an extensive cover-up, hiding crash photos and other relevant information from Berg and her husband.

He said Nationwide followed a written “litigation strategy” that called for it to fight smaller claims tenaciously – even though such a strategy had been denounced by Pennsylvania courts as “unethical and unprofessional.”

Follow the link for more, including delightful quotations from the judge’s ruling.

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11 July 2014 · Comments Off · Categories: Masters of the Universe

Rich man idles which working persons work.  Rich man wonders,


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Via Kos.

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27 June 2014 · Comments Off · Categories: Masters of the Universe

Chart showing that 1% of the US population has 35% of wealth, 90% has 25% of wealth.

Via Kavips.

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20 June 2014 · Comments Off · Categories: Masters of the Universe

More banks blanked.

It’s difficult to tell from the press releases whether the valleys are related.

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20 June 2014 · Comments Off · Categories: Masters of the Universe

Pictured:  Republican says


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17 June 2014 · Comments Off · Categories: Masters of the Universe

Chart showing ratio of CEO to worker pay.  Most countries are in the range of 11:1 to 20:1.  US is 476:1.

Via Job’s Anger.

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10 June 2014 · Comments Off · Categories: Masters of the Universe

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10 June 2014 · Comments Off · Categories: Masters of the Universe

They have ways to get out of jail for free.

Cenk is sometime a bit over-the-top, even for me, but not here.

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02 June 2014 · Comments Off · Categories: Masters of the Universe

Two rich men at the club joke about Donald Sterling.  One says,

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01 June 2014 · Comments Off · Categories: Masters of the Universe

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31 May 2014 · Comments Off · Categories: Masters of the Universe

This golf course development is in the trap.

So much for that title search thingee.

Homeowners in Statesville’s Fox Den subdivision say they were stunned last year to learn their properties faced foreclosure over money the community’s developer borrowed a decade ago.

Attorneys say it appears the loan, which is still tied to the homeowners’ properties, was not discovered during title searches when the homes were bought. About 16 homeowners and additional land in Fox Den are affected by the foreclosure, according to attorneys.

Afterthought:

The more news I read, the more I wonder whether some “real estate developers” are just one three-piece suit away from duping rubes at a carny.

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30 May 2014 · Comments Off · Categories: Masters of the Universe

Another bank bites the dust, because, natch, bankers are financial geniuses. If they weren’t, they wouldn’t be bankers, now would they?

My father was a banker, one of integrity. Were he alive today, he would be ashamed to admit his profession.

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29 May 2014 · Comments Off · Categories: Masters of the Universe

Headline:  CEOs Make 250 X Employees.  Boss to secretary:  I want you to know that I consider myself only worth 200 times what you are.

Via Bob Cesca’s Awesome Blog.

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23 May 2014 · Comments Off · Categories: Masters of the Universe

Another master of the universe is missing in action.

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16 May 2014 · Comments Off · Categories: Masters of the Universe

Another one bites the dust. All gone is

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01 May 2014 · Comments Off · Categories: Masters of the Universe

Two skeletons in a rowboat named

Via Bob Cesca’s Awesome Blog.

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