Over the last year I have discovered a lot of great documentaries on the Internet. The frustrating part was trying to find them again for friends. Thus I started Video Journal(s) where I'm trying to weave the videos/documentaries into comprehensive stories. This Video Journal is about corruption, crony capitalism and corporate/Wall Street GREED.

I don't think people understand what Wall Street's GREED has gotten us into. Sure we all know about the 700 billion dollar TARP bail-out, and the 15.2 trillion dollars national debt.  But, I don't think people are aware of all the trillions of dollars the FED (Federal Reserve) has loaned to the Wall Street Banks... which doesn't trickle down to main street, or the 700 trillion dollar derivatives bubble that the banks are sitting on (see the Financial Crisis News Magazine).

Monday July 28, 2014
News Articles

Mapping Africa's "Totally Out Of Control" Ebola Epidemic
ZeroHedge | author | Last month

"The epidemic is totally out of control," warns medical charity Médecins Sans Frontières of the deadly Ebola outbreak in Guinea, Liberia, and Sierra Leone. "There is a real risk of it spreading to other areas...Ebola is no longer a public health issue limited to Guinea: it is affecting the whole of West Africa." As of Friday, the Centers for Disease Control and Prevention put the number of cases at 362 -- more than any other outbreak on record. Here's everything you need to know about Ebola...

Ebola has a fatality rate of up to 90 percent and there is no vaccine and no known cure. The virus initially causes raging fever, headaches, muscle pain, conjunctivitis and weakness, before moving into more severe phases with vomiting, diarrhoea and haemorrhages. ... Read more
Click to zoom - Ebola's Spread

Ebola Victim On The Run In West Africa Capital
ZeroHedge | author | 07/25/14

It's gone from bad (Mapping Africa's "Totally Out Of Control" Ebola Epidemic) to worse, (Head Doctor Fighting Africa's "Out Of Control" Ebola Epidemic Contracts The Virus), to much worse (Liberian Man Tested For Ebola In World's Fourth Most Populous City), to having run out of comparaitves - although we are leery of using a superlative just yet as we have a feeling Africa's Ebola's epidemic will deteriorate before it gets better. But the latest news is bad enough: as Reuters reported moments ago, Sierra Leone officials appealed for help on Friday to trace the first known resident in the capital with Ebola whose family forcibly removed her from a Freetown hospital after testing positive for the deadly disease. ... Read more

Corporate Welfare
Welfare Spending Nearly Half What U.S. Forked Out In Corporate Subsidies In 2006: Study

Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs
thinkbynumbers.org | author | older, but good

About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006. Before we look at the details, a heartfelt plea from the Save the CEO's Charitable Trust:

There's so much suffering in the world. It can all get pretty overwhelming sometimes. Consider, for a moment the sorrow in the eyes of a CEO who's just found out that his end-of-year bonus is only going to be a paltry $2.3 million. ... Read more

Ten Examples of Welfare for the Rich and Corporations
HP | Bill Quigley | older

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

  1. State and local subsidies to corporations: An excellent New York Times study by Louise Story calculated that state and local government provide at least $80 billion in subsidies to corporations. Over 48 big corporations received over $100 million each. GM was the biggest, at a total of $1.7 billion extracted from 16 different states, but Shell, Ford and Chrysler all received over $1 billion each. Amazon, Microsoft, Prudential, Boeing and casino companies in Colorado and New Jersey received well over $200 million each.
  2. Direct federal subsidies to corporations: The Cato Institute estimates that federal subsidies to corporations cost taxpayers almost $100 billion every year.
  3. Federal tax breaks for corporations: The tax code gives corporations special tax breaks that have reduced what is supposed to be a 35-percent tax rate to an actual tax rate of 13 percent, saving these corporations an additional $200 billion annually, according to the U.S. Government Accountability Office.
  4. Federal tax breaks for wealthy hedge fund managers: Special tax breaks for hedge fund managers allow them to pay only a 15-percent rate while the people they earned the money for usually pay a 35-percent rate. This is the break where the multimillionaire manager pays less of a percentage in taxes than her secretary. The National Priorities Project estimates this costs taxpayers $83 billion annually, and 68 percent of those who receive this special tax break earn more than $462,500 per year (the top 1 percent of earners).
  5. Subsidies to the fast food industry: Research by the University of Illinois and UC Berkeley documents that taxpayers pay about $243 billion each year in indirect subsidies to the fast food industry because they pay wages so low that taxpayers must put up $243 billion to pay for public benefits for their workers.
  6. Mortgage deduction: The home mortgage deduction, which costs taxpayers $70 billion per year, is a huge subsidy to the real estate, banking and construction industries. The Center of Budget and Policy Priorities estimated that 77 percent of the benefit goes to homeowners with incomes over $100,000 per year.
  7. The billions above do not even count the government bailout of Wall Street, while all parties have done their utmost to tell the public that they did not need it, that they paid it back, or that it was a great investment. The Atlantic Monthly estimates that $7.6 trillion was made available by the Federal Reserve to banks, financial firms and investors. The Cato Institute estimates (using government figures) the final costs at $32 to $68 billion, not including the takeover of Fannie Mae and Freddie Mac, which alone cost more than $180 billion.
  8. Each major piece of legislation contains new welfare for the rich and corporations. The Boston Globe analyzed the emergency tax legislation passed by Congress in early 2013 and found it contained 43 business and energy tax breaks, together worth $67 billion.
  9. Huge corporations that engage in criminal or other wrongful activities protect their leaders from being prosecuted by paying huge fees or fines to the government. You and I would be prosecuted. These corporations protect their bosses by paying off the government. For example, Reuters reported that JPMorgan Chase, which made a preliminary $13-billion mortgage settlement with the U.S. government, is allowed to write off a majority of the deal as tax deductible, saving the corporation $4 billion.
  10. There are thousands of smaller special breaks for corporations and businesses out there. There is a special subsidy for corporate jets, which cost taxpayers $3 billion a year. The tax deduction for second homes costs $8 billion a year. Fifty billionaires received taxpayer-funded farm subsidies in the past 20 years.

If you want to look at the welfare for the rich and corporations, start with the federal Internal Revenue Code. That is the King James Bible of welfare for the rich and corporations. Special breaks in the tax code are the reason that there are thousands of lobbyists in the halls of Congress, hundreds of lobbyists around each state legislature and tens of thousands of tax lawyers all over the country.
Read more

Iraq War Facts, Results & Statistics at January 31, 2012
usliberals.about.com | Deborah White | older 05/19/14

... Lost & Unaccounted for in Iraq - $9 billion of US taxpayers' money and $549.7 milion in spare parts shipped in 2004 to US contractors. Also, per ABC News, 190,000 guns, including 110,000 AK-47 rifles.

Lost and Reported Stolen - $6.6 billion of U.S. taxpayers' money earmarked for Iraq reconstruction, reported on June 14, 2011 by Special inspector general for Iraq reconstruction Stuart Bowen who called it "the largest theft of funds in national history." (Source - CBS News) Last known holder of the $6.6 billion lost: the U.S. government. ... Read more

DemocracyNow Daily News
Democracy Now! U.S. and World News Headlines for Monday, July 28 [9:16]
DN | During Brief Lull, Gazans Return to Neighborhoods Destroyed & Bodies Beneath the Rubble (07/28/14) [15:17]
*DN | Professor Ilan Pappé: Israel Has Chosen To Be A "Racist Apartheid State" With U.S. Support (07/28/14) [8:05]
*TRNN | Michael Ratner: UN's Investigation of Israel Should Go Beyond War Crimes to Genocide (07/27/14) [8:17]
TRNN | UNICEF's Gaza field chief Pernille Ironside: 15 Killed after Israel Bombs UN School in Gaza (07/27/14) [1:26]
ReasonTV | Author Frank Buckley: Presidential Power and the Rise of American Monarchy (07/28/14) [5:27]
Income Inequality
Zoom - Income Growth by Groups, 1993-2010
Click to zoom - Global Wealth Share
Corporate Welfare
The NYTimes analyzed more than 150,000 awards and created a searchable database of incentive spending.
Michigan spends at least $6.65 billion per year on incentive programs, according to the most recent data available. That is roughly: $672 per capita or 30¢ per dollar of state budget.
Corporate Welfare in the Federal Budget
GAO | Corporate Income Tax: Effective Tax Rates Can Differ Significantly from the Statutory Rate.pdf
2013 Budget of the U.S. Government.pdf
Justice Rising: Grassroots Solutions to Corporate Rule.pdf
The few: A special report on global leaders.pdf (01/22/11)
The 'Rothschild Connection': The House of Rothschild and the Invasion of Iraq.pdf
Zoom - Corporate Welfare
Global Power Elite and World Crisis
Jeremy Scahill
Jeremy Scahill: The One Party State, The War Party (03/02/14) [5:31]
Pirate Television: Inside America's Secret Wars with Jeremy Scahill (01/14/14) [58:03]
David Rothkopf - Superclass - The Global Power Elite and the World They Are Making
Iraq Index: Tracking Variables of Reconstruction & Security in Iraq.pdf
Brookings Institute: Center for Middle Eastern Policy website
Zoom - Corruption Perceptions Index 2013
Transparency website
Humor | Comic Strips
Zoom - Where You Are
Zoom - Wealth Inequality
Other Videos and Documentaries I Ran Across
Note: I don't endorse any of the videos in this section.
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.

Friday July 25, 2014
News Articles

Liberian Man Tested For Ebola In World's Fourth Most Populous City
ZeroHedge | author | 07/25/14

Yesterday, when reporting on the latest tragic development in the wost ever Ebola outbreak to sweep through west Africa, namely that the head doctor tasked with containing the virus had himself contracted it, we commented that the "only good news, if any, is that even as the epidemic which has raged for months, and now appears to be out of control, it has not spilled out of Africa into other continents yet." That may not be the case for much longer following an update earlier today by Reuters that a Liberian man in his 40s is being tested for the deadly Ebola virus in Nigeria's commercial capital of Lagos, a megacity of 21 million people, the Lagos State Health Ministry said on Thursday. ... Read more

Bank of America and Other Megabanks Say They Want to Make Nice With Poor People: Don't Buy It
AlterNet | Lynn Stuart Parramore | 07/24/14

How do we hate thee, Bank of America? Let us count the ways. We hate thee for thy mortgage misdeeds, foreclosure frauds and grotesque fees. For unnecessarily kicking people out of their homes, extorting money from military families through predatory loan rates, and treating thy customers like garbage. For basically being too-big-to-fail/too-big-to-jail blight on the economy and society thou hast proven to be, time and again.

Under increasing pressure from regulators and widely despised by the public, Bank of America now wants us to believe hat it will make nice with poor people. In a recent report in the New York Times, we learn that BofA and other giant banks are trying to launder their public images by talking about offering low-fee services to people who have been left out of the banking system. BofA has launched a banking account it claims is intended to prevent troubled customers from running up fees for overdrawing their balances. Read more

Can a University Transform a City?
Politico | Mark Peterson | Photo Essay

What happens when a university begins to transform the city around it? Just look at Powelton Village, Philadelphia. Fashioned as an upscale, Gilded Age suburb for wealthy industrialists looking to cross the Schuylkill River and escape the clamor and the grime of Center City, Powelton is an architectural gem, still packed with the three-story Italianate villas and Victorian twins its prosperous settlers built 150 years ago. Now a national historic district, the neighborhood has survived a rocky evolution—from tycoon stomping ground, though depression-driven decline and 1950s gang violence, to 1960s countercultural hub—only to be rediscovered in the 1980s by upper-middle-class Philadelphians with the money to refurbish Powelton’s stately homes. Now, the area is in transition once again—into the backyard of fast-growing and ambitious Drexel University. ... Read more

No Safe Place in Gaza: How Silence Encouraged a Genocide
TRNN News | Yousef Al-Helou | 07/25/14

As the Israeli military offensive on Gaza entered its third week, there's been more horrific mass killings committed because of indiscriminate Israeli tank shelling and bombardment throughout the besieged Gaza Strip.

After the massacres in Shujaeyyah and Khoza, now the supposedly safe United Nations-run schools have also become targets. A school in the northern Gaza strip town of Beit Hanon, which sheltered hundreds of displaced people who thought they would be safe on United Nations-controlled premise, came under Israeli fire. According to the Gaza Health Ministry, at least thirteen civilians were killed and more than 200 were injured. UNRWA spokesman said that his agency was not warned. ... Read more

DemocracyNow Daily News
Democracy Now! U.S. and World News Headlines for Friday, July 25 [9:00]
DN | Sharif Abdel Kouddous: In Gaza, Unrelenting Israeli Assault Causes "Grave Humanitarian Crisis" (07/25/14) [9:46]
DN | "No Safe Place": After Deadly Attack on Gaza School, U.N. Warns 150,000 Seeking Shelter Are at Risk (07/25/14) [14:16]
DN | Turning Point? Largest West Bank Protest in Decades Raises Spectre of a 3rd Intifada (07/25/14) [10:22]
Bill Moyers
Bill Moyers | The Conscience of a Compassionate Conservative (07/25/14) [24:29], Part 2 [18:52]
This week on the show, Bill spoke with the president of the conservative American Enterprise Institute, Arthur C. Brooks. Their conversation was so interesting that they kept talking, and we kept our cameras rolling after the broadcast interview ended. In this web extra, the two talk about the failures of capitalism, who is to blame for the 2008 financial crash, food stamps and a whole lot more.
Bill Moyers | Greg Kaufmann on the Truth About American Poverty (06/28/14) [12:01]
TRNN | BDS Movement Founder Omar Barghouti discusses: Israel Boycott Gains Traction As Gaza Assault Continues (07/25/14) [10:13]
TYT News
TYT | 'Modern Family' Star On Anti-Gay Politician Rick Santorum (07/24/14) [3:44]
TYT | Rising HIV Rates Among Gay & Bisexual Men In America (07/24/14) [6:22]
TYT | Two More Planes Down - Is Flying No Longer Safe? (07/24/14) [5:38]
Ring of Fire
Ring of Fire | Papantonio: Rick Scott's Private Prison Cesspool (07/23/14) [3:51]
Chris Hayes - All In
Chris Hayes | Did a third intifada begin tonight? As the death toll continues to mount in Gaza, thousands of protesters marched from the West Bank to Jerusalem, where they clashed with Israeli security forces. (07/24/14) [14:58]
Chris Hayes | With Cruz’s criticism of the FAA’s ban on flights to Israel, he’s seizing the opportunity to show the pro-Israel GOP base that he’s their guy (07/24/14) [5:07]
Where Your Tax Dollars Go

National Debt
US Debt Stacked in $100 bills
United States owes a lot of money, with its debt equal to the size of the economy as of 2012. See the Statue of Liberty & WTC being dwarfed by the debt.


Now... Who Own the Derivative Time Bomb?

Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb?
Zero Hedge | Author | 09/24/11

The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system. Specifically, of the $250 trillion in gross notional amount of derivative contracts outstanding (consisting of Interest Rate, FX, Equity Contracts, Commodity and CDS) among the Top 25 commercial banks (a number that swells to $333 trillion when looking at the Top 25 Bank Holding Companies), a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure is a distant place from #4 Goldman with $47.7 trillion). The top 4 banks: JPM with $78.1 trillion in exposure, Citi with $56 trillion, Bank of America with $53 trillion and Goldman with $48 trillion, account for 94.4% of total exposure. As historically has been the case, the bulk of consolidated exposure is in Interest Rate swaps ($204.6 trillion), followed by FX ($26.5TR), CDS ($15.2 trillion), and Equity and Commodity with $1.6 and $1.4 trillion, respectively. Read more


02.10.2011. 07:16

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I am one of those "once" middle class, over 60, over educated, under-employed, semi retired, soon to be poor workers, that everyone is talking about. 
But I have a modest standard of living so I plan to give all extra donation, beyond my immediate needs, to several of my favorite charities.