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Fair – World’s Largest Arms Dealer Strains to Stop Arms Flow

December 10, 2010 Leave a comment

From Fair:

World’s Largest Arms Dealer Strains to Stop Arms Flow

12/07/2010 by Jim Naureckas

One gets the impression, reading the New York Times‘ coverage of the WikiLeaks cables, that the paper is particularly interested in documents that portray the State Department in a good light, struggling to do good in a world that continually resists its efforts. Take today’s front-page piece (12/7/10), “America Prods and Protests But Can’t Halt Arms Trade.”

The piece, by Michael Gordon and Andrew Lehren, details “the United States’ efforts to prevent buildups of arms…in some of the world’s tensest regions.” The piece does include an acknowledgment that “the United States is the world’s largest arms supplier, and with Russia, dominates trade in the developing world”; the U.S. is, in fact, the seller in 40 percent of global arms deals, and delivers arms to some of the most repressive and war-torn countries in the world (Extra!, 5/10).  Gordon and Lehren go on to note, “Its role as a purveyor of weapons to certain allies–including Israel, Saudi Arabia and other Persian Gulf states–has drawn criticism that it has fueled an arms race.”

But aside from these two sentences of context, the rest of the article overwhelmingly presents the contradictory case that, as the Times‘ Web headline has it, the “U.S. Strains to Stop Arms Flow.”

Fair – A Benefit for Half of America–but Mostly the Top 0.2 Percent

December 10, 2010 Leave a comment

From Fair:

A Benefit for Half of America–but Mostly the Top 0.2 Percent

12/08/2010 by Jim Naureckas

CNBC‘s Erin Burnett discussing the tax deal on the Today show yesterday (12/7/10): “With capital gains and dividend taxes staying low, the half of Americans that own stocks get a benefit there as well.”

Oh, really? Here’s some figures from the Center on Budget & Policy Priorities (1/30/06):

Over half–54 percent–of all capital gains and dividend income flows to the 0.2 percent of households with annual incomes over $1 million. More than three-quarters–78 percent–of this income goes to those households with income over $200,000, which account for about 3 percent of all households.

In contrast, only 11 percent of capital gains and dividend income goes to the 86 percent of households with incomes of less than $100,000. Only 4 percent of this income flows to the 64 percent of households that have income of less than $50,000.

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Former Nixon Speech Writer Tells the Middle Class They’d Better be Ready to Take Their Medicine

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Bill Clinton Pimps for Obama’s Tax Cut Deal

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Democracy Now! Headlines for 12/10/2010

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Whistleblower Daniel Ellsberg: Julian Assange is Not a Terrorist

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Rep. Grayson: More Tax Cuts For The Rich Equals More Lean Years Ahead

December 10, 2010 Leave a comment