Hint: Buy sharia; sell Bibles and tin-foil hats.
“AT&T’s elimination of T-Mobile as an independent, low- priced rival would remove a significant competitive force” from the wireless market, the U.S. said in its filing. Within minutes of the report, The Wall Street Journal added that “AT&T shares are nose diving and Sprint shares are soaring” on the news.
CEOs in 22 of these 25 firms enjoyed pay increases in 2010. In 13 of these companies, CEO paychecks ratcheted up while the corporate income tax bill either declined or the size of the corporate tax refund expanded.
Currently, corporate taxes have plunged to historic lows, with many of America’s largest companies literally paying no federal income taxes. Meanwhile, according to researchers at Northeastern University, corporate profits accounted for 88 percent of real national income growth since 2009, while wages and salaries made up less than 1 percent. In 2010, executive pay grew by 27 percent while wages grew by only 2 percent.
The IPS report also found that “of the 25 companies that paid their CEO more than Uncle Sam, 20 also spent more on lobbying lawmakers than they paid in corporate taxes. Eighteen gave more to the political campaigns of their favorite candidates than they paid to the IRS in taxes.”
In the first six months of 2011, overall public employee retirements were double that in all of either 2009 or 2010, according to data provided to the AP by the Wisconsin Retirement System. That includes 4,935 Wisconsin school district employees who started receiving retirement benefits, up from 2,527 teacher retirements in all of 2010 and 2,417 in 2009.
Teachers weren’t the only ones heading for the exits. State agency retirements were particularly dramatic, nearly tripling from 747 in all of 2010 to 1,966 through June. Retirements from the University of Wisconsin System more than doubled, up from 480 last year to 1,091 this year. All told, 9,933 public workers had retired by the end of June, a 93 percent increase from 5,133 in 2010. The year before, there were 4,876 retirements.
Everyone knows the unemployment rate is painfully high and not falling. Friday’s monthly jobs report from the Department of Labor put a cruel point on this fact: In August, job gains in the private sector were entirely offset by job losses in the public sector, netting precisely zero new payrolls for the month.
Private sector job creation appeared artificially lower than it should have because 45,000 Verizon workers were on strike when the survey was taken. What happened in August has been happening for months, as policy makers allow federal spending to fall and, thus, for government jobs to disappear, placing a significant drag on overall growth.
… recommendations give the lie to the idea — pushed by conservatives and adopted by some Democrats — that government is growing out of control and deficits need to be addressed urgently. And yet nearly all major news outlets ignore, or bury this fact — indeed, most reports of this month’s jobs figures place no emphasis on the contraction of the public sector, and the implications thereof.
This is a predictable symptom of the culture of political reporting — each side of a policy disagreement should be noted,and possibly explained, but never evaluated, even when accompanied by clear indicators like the August labor figures.
That sort of analysis exists elsewhere in abundance, but the the most venerable institutions of the national media have largely buried what is perhaps the single most important piece of data about the jobs report.
Two-thirds of viewers who say Fox News is the news source they trust most believe discrimination against whites is as big a problem as discrimination against minority groups, according to a study released Tuesday by the Brookings Institution and the Public Religion Research Institute.
The financial crisis wiped out 20 years of minority wealth gains, and minority incarceration and unemployment rates are far higher than those of whites, but white Americans have nevertheless become more receptive to the idea that whites face as much discrimination as minorities.
Fox News is a crucial outlet for fomenting Shariah panic. According to the study, “There is a strong correlation between trusting Fox News and negative views of Islam and Muslims,” as “[n]early 6-in-10 Republicans who most trust Fox News believe that American Muslims are trying to establish Shari’a law in the U.S.,” and 72 percent of “Fox News Republicans” agree that Islam is “at odds with American values.” If you’re a Republican, you’re more likely to think that white people are as discriminated against as minorities and that American Muslims represent a fifth column trying to subvert the Constitution. But if you’re a Republican who watches Fox News, then you’re far more likely to believe those things, thanks to a steady media diet of racial resentment and Muslim-baiting paranoia.
New Mexico Gov. Susana Martinez (R) has long been known for her vitriolic rhetoric against undocumented immigrants. Just this week, she slammed presidential contender Rick Perry (R-TX) for once supporting the DREAM Act and comprehensive immigration reform.
But on Wednesday, Martinez surprised many when she admitted that her own grandparents were among those “people…who violated the law” when they came to the U.S. as undocumented immigrants.
The level of hypocrisy and distaste of her own heritage and background is palpable. I feel pity for this woman.