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yurbud

yurbud's Journal
yurbud's Journal
April 20, 2014

Obama tries to confirm we're an oligarchy with "summit" with billionaires kids

This was probably in the works before that oligarchy study came out, but it's difficult to think of a more in your face confirmation.

The base of the Democratic Party is ignored, but the college age CHILDREN of billionaires are begged for their input before they bother to buy access and make demands like their parents.

My favorite line is highlighted below, a definition of "impact investing" that generates a social benefit AND returns a "meaningful" profit.

I wonder if they were talking about the success of privatized prisons and the effort to privatize public education, the latter being pushed by "philanthropists" hoping to set up a cash cow of taxpayer dollars akin to the Department of Defense (with equally lax oversight).

If you needed more confirmation that we live in a country of, by, and for the rich, this is it.

Can't we just have ONE party for the very wealthy and one for the rest of us?

On a crisp morning in late March, an elite group of 100 young philanthropists and heirs to billionaire family fortunes filed into a cozy auditorium at the White House.

Their name tags read like a catalog of the country’s wealthiest and most influential clans: Rockefeller, Pritzker, Marriott. They were there for a discreet, invitation-only summit hosted by the Obama administration to find common ground between the public sector and the so-called next-generation philanthropists, many of whom stand to inherit billions in private wealth.

***

One topic that seemed to generate intense interest among the wealthy heirs was impact investing, which refers to a socially conscious form of investing that seeks to generate both a social benefit and a meaningful financial return.

http://mobile.nytimes.com/2014/04/20/fashion/white-house-hosts-next-generation-young-and-rich.html
April 16, 2014

Mike Ruppert calls out CIA director for drug running to his face

Mike Ruppert killed himself today. He was one of the bravest and best informed critics of government wrongdoings at the highest levels.

Here he is doing what we wish most reporters would do.

April 10, 2014

Check your W-2 for health insurance cost and ask righty friends to do the same

Maybe I hadn't looked before, but I noticed on my W-2 line DD that said "Health Insurance Coverage," $6,393.28.

And that's just for me.

My wife's insurance covers the three of us for $22,604.25.

Since most people get their insurance through their jobs if they have it, I suspect they have no idea how much it costs.

Those who are self-employed or for other reasons have to buy their own insurance would know how expensive it is.

Before I had a job that covered me, I would compare the cost of buying insurance to my most expensive out of pocket spending, and insurance was always more. At best, it spread out the costs evenly.

If people had looked at this before Obamacare passed, I suspect it would have changed the debate dramatically, with at minimum, more people behind reining in the insurance companies, and possibly even more people wanting to drown them in the bathtub.

Besides asking people if they looked at this number, you could also ask them to guess what it is first. I doubt that most would be high enough and when they see the real number, they'll realize how well the free market has been taking care of them.

April 1, 2014

Faces of Common Core: real kids crushed by corporate crafted curriculum

If Democrats want to widen their margins in elections, they might consider siding with students, teachers, and parents instead of Wall Street when it comes to K-12 education policy.

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