Showing posts from July 20, 2016

The threats and abuse outspoken Pakistani women receive

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[Not just in Pakistan, that's for sure. See also: The Outrageous "Honor Killing" of a Pakistani Social-Media Star.*RON*]

BBC News, 19 July 2016

The apparent "honour killing" of Pakistani social media celebrity Qandeel Baloch has led to renewed debate over women's rights in the country, including the freedom to speak out online.

Ms Baloch, 26, was frequently abused in cyberspace and had received death threats for her outspoken and controversial posts.

But Pakistani women, including journalists, often face vitriol and denigration for speaking their minds.

Here, four BBC Urdu journalists describe their experiences.

WARNING: Some readers may find the language used below disturbing.

Theresa May: Britain must renew Trident because ​nuclear threat against Britain and the world has increased

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[The insanity grows apace. *RON*]

Peter Dominiczak & Christopher Hope, The Telegraph, 17 July 2016

Theresa May will on Monday warn that the threat of a nuclear attack has “increased” as she calls on all MPs to back Trident, calling it the “ultimate safeguard” for British national security.

In a major intervention designed to cement her as a Prime Minister fully committed to protecting national security, Mrs May will warn that it would be a “reckless gamble” to abandon the nuclear deterrent.

A Sheriff Who Called Black Lives Matter ‘Black Slime’ Is Speaking at the Republican Convention

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[He proposed adding an assault rifle to the Great Seal of the United States. See also: Police union head who blamed ‘menacing’ Tamir Rice for his own death faults Obama for cop shootings; and The Tamir Rice Story: How to Make a Police Shooting Disappear; and Freddie Gray death: Police officer Brian Rice acquitted; and Baton Rouge and a Reservoir of Wrongs; and US police shootings: How many die each year? *RON*]

Hannah Levintova, Mother Jones, 18 July 2016

Following the high-profile deaths of black men and women at the hands of law enforcement since Ferguson, Milwaukee Sheriff David Clarke has criticized these victims of police brutality and the movement they've helped generate. He's referred to Black Lives Matter as "black slime" and "garbage," and he's called Michael Brown, Eric Garner, Freddie Gray, and Trayvon Martin "goons," "criminal creep(s)," "criminals" and "co-conspirat…

Hundreds Of Men Sleeping On Streets Of Queens For Shot At Plumbers Union Apprenticeship Program

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[Life for the world's non-Jamie Dimons. Also, just wondering: why no non-whites here? *RON*]

CBS News, 17 July 2016

NEW YORK (CBS NewYork) — Hundreds of young men are sleeping on the streets of Queens Sunday night for a shot at a job.

CBS 2’s Ali Bauman reported they are waiting for an application to the Plumbers Union Apprenticeship Program. One thousand applications are handed out in order Monday morning. After tests and interviews, only a percentage are accepted to the five-year program.

“It’s a long shot, so hopefully I get it,” Anthony Hughes said.

Signs on the training center tell applicants not to camp out, but if they listen, they don’t really have a shot, like Mauricio Cruz who showed up Sunday afternoon.

“I walked up, added every chair and three for every tent and came out to 1,226,” Cruz said. “I know I’m after that. It’s insane. I don’t know if I’m gonna wait.”

Many of the applicants waited through the rain on Saturday and the stiflin…

It Takes Jamie Dimon Three Hours to Earn What Some of His Employees Do In One Year

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[Attacking inequality means both raising wages at the bottom and doing away with outsized compensation at the top. *RON*]

By Peter Dreier & Donald Cohen, Moyers & Company, 18 July 2016

This post originally appeared at The Nation.

Jamie Dimon, CEO of JPMorgan Chase, announced in a New York Times op-ed column on July 12 that the bank would soon raise wages for its lowest-paid employees. JPMorgan Chase — America’s largest bank, with $2.4 trillion in assets — has over 235,000 employees in over 100 countries, but the pay boost will cover only 18,000 employees in the United States.

“A pay increase is the right thing to do,” wrote Dimon. “Wages for many Americans have gone nowhere for too long.”

Dimon knows something about pay increases. Last year, JPMorgan Chase’s board gave Dimon a 35-percent pay increase, from $20 million to $27 million, even though the bank’s profits fell 2 percent and it laid off 6,671 employees.
Starting wages at JPMorgan Chas…

How Finance Costs Too Much and Fails to Deliver

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["Overpaying finance leads to the misallocation of talent and financial resources... How much does this overcharging cost the American people?.. we get a total cost of between $12.9 trillion and $22.7 trillion... Without this loss, the typical American household would have doubled its wealth at retirement." *RON*]
By Gerald Epstein, posted by Yves Smith on Naked Capitalism, 18 July 2016

Yves here. I’m late to reading the underlying report, Overcharged: The High Cost of High Finance, and so am starting with the overview by its lead author, Jerry Epstein.

Epstein flags private equity as the epitome of how the financial services industry has become extractive, but there are plenty of other examples that readers can no doubt cite, such as our high charges for debit and credit cards, both of which run on antiquated infrastructure, and all of the “gotcha” charges that still exist for retail products like checking accounts and consumer loans,…