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Andrea Germanos – 100 CEOs Have as Much Retirement Savings as 116 Million Americans

While many Americans are facing a “frightening retirement reality,” 100 CEOs are looking at “colossal nest eggs” and can look forward to monthly retirement checks of over $250,000 for the rest of their lives. The Institute for Policy Studies (IPS) puts a spotlight on this massive savings gap in its new report (pdf), “A Tale of Two Retirements.” “While slashing …

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The (Bill) Clinton Team’s Secret Meeting on CEO Compensation

Naked Capitalism readers are familiar with the fact that CEO compensation exploded starting in the 90s, and that this explosion was related to a shift towards companies providing compensation in the form of stock options.  A major cause of the shift was Bill Clinton’s 1993 move to make executive comp deductible from corporate income taxes only when given as stock options. Let’s say that one …

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Black Agenda Radio – 04.25.16

Welcome, to the radio magazine that brings you news, commentary and analysis from a Black Left perspective with Glen Ford and his co-host, Nellie Bailey.

– The number of charter schools has grown by leaps and bounds under President Obama and his so-called “Race to the Top” program. A new book is out, called the “Charter School Report Card,” authored by Dr. Shawgi Tell, a professor of Education at Nazareth College, in Rochester, New York. He says charter schools “lower the quality of education through privatization and marketization of schools.” Charter school boosters claim they provide better educational results. But Dr. Tell says there’s little evidence to support that.

– The number of young people put behind bars in the United States has gone down by 50 percent in the past decade. However, despite the overall decline, the disparity in Black youth incarceration has gone UP 15 percent over the past ten years. Josh Rovner, of The Sentencing Project, is author of a new report titled “Racial Disparities in Youth Arrests and Commitments.” We asked Rovner why the general rate of youth incarceration has gone down so dramatically.

– Skyrocketing student debt has emerged as a big campaign issue this presidential election season. Darletta Scruggs, of the Socialist Alternative Party, is helping put together plans for a Million Student March. Scruggs was recently interviewed on Your World News, by host Solomon Commisiong.

– A huge cache of leaked documents from a Panama bank showed that many world leaders, their families and associates are hiding billions of dollars in offshore banks. Wealthy Americans were not prominent on list, but that’s because it’s easy to hide money right here in the U.S., in states like Delaware. Chuck Collins is a senior scholar at the Institute for Policy Studies, in Washington. He wrote an article titled, “Panama Papers Expose the Hidden Wealth of the World’s Super-Rich.” Collins says different kinds of millionaires and criminals have different kinds of illicit banking needs.

– Mark Weisbrot is co-director of another progressive Washington think tank, the Center for Economic and Policy Research. Weisbrot keeps a keen eye on Latin American developments. He says that, back in 2009, Secretary of State Hillary Clinton claimed that the military overthrow of the elected president of Honduras was, somehow, NOT a coup.

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Paul Buchheit – The Real Terrorists: The .01%

They consist of 16,000 individuals, about the size of a crowd at a professional basketball game. The inequality horror they’ve fomented is reaching far beyond the half of America that is in or near poverty, for it now impacts those of us well above the median, those of us in the second highest of four wealth quartiles. 1. The .01% …

TPP

A Trade Rule that Makes It Illegal to Favor Local Business? Newest Leak Shows TPP Would Do That And More – David Korten

Secret negotiations on the Trans-Pacific Partnership (TPP), a trade and investment agreement involving 12 nations of the Pacific Rim, are coming to a close, and President Barack Obama will soon submit the final agreement to the U.S. Congress for approval. Presumably, he will urge the deal’s passage with the same unsubstantiated and misleading claims his administration has offered all along: that …