I wish I had time to write more about this this morning. Hopefully by linking to it, others will make up for my failings because this is an important story. The headline says it all. There's a lot more to this study than just this finding, but here is, as Yves calls it, the punch line:
However, while white women in the prime working years of ages 36-49 have a median wealth of $42,600 (still only 61% of their white male counterparts), the median wealth for women of color is only $5.
Although my body? Not so much.
What are you?
It must be because I'm good at matching angles and shapes and I'm extremely right-brain dominant. Although I also totally nailed the reading emotions from people's eyes test, not known for being a man thing.
Update: This is now going to be Sunday, March 28, from 2-4 pm.
I'm a big fan of Yves Smith and her blog Naked Capitalism and I know I'm not alone. She has a way of taking complicated financial issues and explaining them to those of us without a finance background while also cutting to the heart of the issue. She also has a new book out ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism. For those interested, I propose we have our own book group about the book here at the Mighty Corrente Building two weeks from tomorrow (Sunday). Read more about ECONned Online Book Group, Sunday, March 21
The Corrente Review Of Games is published on the first Saturday of the month.
Posting is done in rotation by the following contributors:
Read more about The Corrente Review Of Games: Volume I, Number 6 (English Edition)
you should hear "class warfare" on behalf of the financial industries.
Doesn't matter whether the politician has a (D) or (R) after his or her name.
Deficit reduction = class warfare
And not on behalf of the poor, working and middle classes.
It's that simple.
See this post by Jesse for an explanation of why. Read more about When A Politician Says "Deficit Reduction"...
The Good News about the Spending Freeze - It's Preparation for Gutting Social Security and Medicare!
From the New York Times (emphasis mine):
It is the growth in the so-called entitlement programs — Medicare, Medicaid and Social Security — that is the major factor behind projections of unsustainably high deficits, because of rapidly rising health costs and an aging population.
But one administration official said that limiting the much smaller discretionary domestic budget would have symbolic value. That spending includes lawmakers’ earmarks for parochial projects, and only when the public believes such perceived waste is being wrung out will they be willing to consider reductions in popular entitlement programs, the official said.
The [Democratic] Party that you backed controls two-thirds of the House of Representatives and the Senate, and still they can’t keep their promise to you, ‘cause
Even Naomi Klein can't seem to shake it entirely. Klein, who is no dummy (to say the least), has not only given the world two great books -- No Logo and Shock Doctrine -- she's done the more impressive feat of changing the way many of us see the world. She's given us analytical frameworks to understand what often seems incomprehensible. Yet, so successful is the Obama brand, even she can't entirely see through Obama's marketing campaign. Read more about Wow, that Kool-Aid is some seriously strong shit!
There's a headline you won't see me write very often, but in this case it's deserved. The Administration has announced that it will give Haitians in this country illegally, Temporary Protected Status for 18 months. This means that the nearly 200,000 Haitians here illegally can now stay and work here legally for the next 18 months. We can debate on whether this goes far enough, but it's still a very good thing to see them do. Read more about Obama Administration Does Right Thing