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The ultimate gall of a heartless iPhone thief

Posted on January 27th, 2013 at 17:32 by John Sinteur in category: Apple

[Quote]:

One should never expect justice in life.

The best one can hope for is poetry.

And yet, just once or twice, both manage to collide with a deliciousness that moves the soul.


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Aaron Swartz

Posted on January 26th, 2013 at 23:53 by Paul Jay in category: Great Picture

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Dad points AK-47 at daughter for getting two B’s

Posted on January 26th, 2013 at 21:07 by John Sinteur in category: News

[Quote]:

A St. Paul man has been charged with terroristic threats for pointing an AK-47 rifle at his daughter during an argument over the fact that she got two B’s instead of straight A’s in school.

According to the charges, 52-year-old Kirill Bartashevitch recently purchased the AK-47 due to fears that such weapons would be banned under President Obama’s push for gun control legislation.

Well, if the daughter (and the mom) had been carrying their own guns, this wouldn’t have happened, now would it?


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Comments:

  1. Although the article I read said something about the gun being “unloaded”, there is no such thing as an unloaded gun, and you NEVER point one at another person unless you plan on shooting (and killing) them! FWIW, that was the first lesson my father taught me before he would let me have a toy pistol at the age of 5 or so. To reinforce the lesson, he would observe my play and confiscate the gun for awhile if he saw I was breaking that rule. Of course when you are playing cowboys and indians, or cops and robbers, you point the gun at the “enemy” and shoot! But otherwise, it was secured in the holster or pointing at the ground or (preferably) sky. Of course he also tried to teach me that what goes up, also comes down, which as an adult I found out for sure when I found a pistol bullet embedded in the shingles of the roof of my home in San Jose, at an angle that showed the shot was fired in the air! A warning police shot perhaps? In any case, it was only a foot or so from the edge of the roof next to our patio…

  2. Shots fired straight up: busted, plausible, and confirmed.

Florida ‘Satanists’ praise governor for prayer bill

Posted on January 26th, 2013 at 20:46 by John Sinteur in category: Pastafarian News

[Quote]:

A group of self-proclaimed Satanists on Friday praised Florida Gov. Rick Scott for signing a bill into law last year that lets Florida school boards permit student-initiated prayer and other “inspirational messages.”

During their rally, a white sign with black lettering was stretched across the steps of Florida’s Old Capitol proclaiming “Hail Satan! Hail Rick Scott!”

A high priest wearing goat horns and four “minions” dressed in black, hooded robes were joined by a spokesman, sound technician and camera crew.

The devil, though, was in the details.

The spokesman, Lucien Greaves of Cambridge, Mass., earlier this month had been listed on the Actors Access website as the casting director in an ad seeking unpaid, nonunion actors in Tallahassee. They were wanted to perform in a “mockumentary” titled “The Satanic Temple.”

Greaves insisted it wasn’t all a hoax, although a smile creased his face as he said it.


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Comments:

  1. All hail the Department of Irony Department! I think Scott and the Florida legislature is about to receive a fine lesson on the “Law of Unintended Consequences”.

Assange: WikiLeaks film script leaked to WikiLeaks

Posted on January 26th, 2013 at 16:37 by John Sinteur in category: News

[Quote]:

If you’re making a movie about WikiLeaks, this is the kind of thing you probably see coming.

Julian Assange says he has obtained a leaked copy of the script for “The Fifth Estate,” a DreamWorks film about the maverick computer expert and his famed secret-busting site. In a speech before the Oxford Union debating society earlier this week, Assange said his unauthorized sneak peek has left him convinced the film is a hit piece.

“It is a mass propaganda attack against WikiLeaks, the organization (and) the character of my staff,” he said, adding that the movie — the opening scenes of which Assange described as taking place in Tehran and Cairo — also hyped Western fears over the Islamic Republic’s disputed atomic energy program.

“It is not just an attack against us, it is an attack against Iran. It fans the flames of an attack against Iran,” he said.

A DreamWorks spokeswoman declined to comment on Assange’s claims.


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Al Qaeda Commander Killed for the Third Time

Posted on January 26th, 2013 at 16:34 by John Sinteur in category: ¿ʞɔnɟ ǝɥʇ ʇɐɥʍ

[Quote]:

Al-Shihri, a “veteran jihadist,” traveled to Afghanistan shortly after the Sept. 11, 2001 terror attacks to fight coalition troops, only to be captured weeks later, according to West Point’s Combating Terrorism Center. He was sent to the U.S. prison in Guantanamo Bay, Cuba, where he stayed for six years before being released to Saudi Arabia. There, he entered a so-called “jihadi rehab” program that attempted to turn terrorists into art students by getting them to get “negative energy out on paper,” as the program’s director told ABC News in 2009.

But just months after he supposedly entered the fingerpainting camp, al-Shihri reappeared in Yemen where he was suspected to have been behind a deadly bombing at the U.S. embassy there.

Wait, what? fingerpainting camp?


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Comments:

  1. And just what colors were they going to paint their fingers? :-)

  2. According to Pantone that would be Explosive Residue Emerald.

Shrunken proton baffles scientists

Posted on January 26th, 2013 at 16:21 by John Sinteur in category: News

[Quote]:

One of the Universe’s most common particles has left physicists completely stumped. The proton, a fundamental constituent of the atomic nucleus, seems to be smaller than thought. And despite three years of careful analysis and reanalysis of numerous experiments, nobody can figure out why.

The most exciting phrase to hear in science, the one that heralds new discoveries, is not “Eureka” but “That’s funny…”

—Isaac Asimov (1920–1992) …


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Google has indexed thousands of publicly accessible printers

Posted on January 26th, 2013 at 16:05 by John Sinteur in category: Security

[Quote]:

A quick, well crafted Google search returns “About 86,800 results” for publically accessible HP printers.

There’s something interesting about being able to print to a random location around the world, with no idea of the consequence.

Lock down your printer :)

Just wait until the spammers discover this..


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Comments:

  1. And you thought fax spamming was bad? At least fax spammers had to pay the phone costs (LD charges and what not)…

Attacking the Windows 7/8 Address Space Randomization

Posted on January 26th, 2013 at 15:59 by John Sinteur in category: Microsoft

[Quote]:

The nuts and bolts of what is presented here is the idea that DLLs are loaded into memory space if there is memory available, and if there is no memory or only small amounts of memory available then the DLL will be put into the remaining memory hole. This sounds simple. And it works, we can load a DLL into a remaining memory hole. First of all the exploit writer has to code a javascript routine that does fill memory until the memory boundary is hit and a javascript exception is raised. When the memory is filled up the installed javascript exception handler will execute javascript code that frees small chunks of memory in several steps, each step the javascript code will try to load an ActiveX object. The result is that the DLL (sometimes there are several DLLs loaded for an ActiveX object) will be loaded at a predictable address. This means that now the exploit writer has a predictable address to jump to and the ‘where do i jump when I have code execution’ problem is solved. One problem the method has is that Windows will become unresponsive at the time memory is exhausted but will resume normal operation after the DLL is loaded at a fixed address and the memory is freed using the javascript code.


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John Boehner

Posted on January 26th, 2013 at 15:46 by John Sinteur in category: batshitinsane

Reduce the deficit? Improve education? Reduce poverty? Help the sick? Fuck that shit. There are women out there having safe legal abortions! OH THE HUMANITY.


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Texas GOP rejects ‘critical thinking’ skills. Really.

Posted on January 26th, 2013 at 12:53 by John Sinteur in category: batshitinsane

[Quote]:

In the you-can’t-make-up-this-stuff department, here’s what the Republican Party of Texas wrote into its 2012 platform as part of the section on education:

Knowledge-Based Education – We oppose the teaching of Higher Order Thinking Skills (HOTS) (values clarification), critical thinking skills and similar programs that are simply a relabeling of Outcome-Based Education (OBE) (mastery learning) which focus on behavior modification and have the purpose of challenging the student’s fixed beliefs and undermining parental authority.
Yes, you read that right. The party opposes the teaching of “higher order thinking skills” because it believes the purpose is to challenge a student’s “fixed beliefs” and undermine “parental authority.”


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Comments:

  1. Jindal said it best, “The Party of Stupid”.

Arizona Republicans Propose Bill That Would Not Allow Atheists To Graduate High School

Posted on January 26th, 2013 at 12:21 by John Sinteur in category: Pastafarian News

[Quote]:

A group of Arizona politicians — all Republicans, of course — have proposed a law (House Bill 2467) requiring public high school students to recite the following oath in order to graduate:

I, _______, do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic, that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge these duties; So help me God.

To quote Comedy Central’s Ilya Gerner: “Nothing says ‘I take this obligation freely’ quite like a state law that withholds your diploma unless you swear an oath.”


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Researchers Make DNA Data Storage a Reality: Every Film and TV Program Ever Created — In a Teacup

Posted on January 25th, 2013 at 11:23 by Paul Jay in category: News

[Quote]:

Researchers at the EMBL-European Bioinformatics Institute (EMBL-EBI) have created a way to store data in the form of DNA – a material that lasts for tens of thousands of years. The new method, published January 23 in the journal Nature, makes it possible to store at least 100 million hours of high-definition video in about a cup of DNA.

There is a lot of digital information in the world – about three zettabytes’ worth (that’s 3000 billion billion bytes) – and the constant influx of new digital content poses a real challenge for archivists. Hard disks are expensive and require a constant supply of electricity, while even the best ‘no-power’ archiving materials such as magnetic tape degrade within a decade. This is a growing problem in the life sciences, where massive volumes of data – including DNA sequences – make up the fabric of the scientific record.

“We already know that DNA is a robust way to store information because we can extract it from bones of woolly mammoths, which date back tens of thousands of years, and make sense of it,” explains Nick Goldman of EMBL-EBI. “It’s also incredibly small, dense and does not need any power for storage, so shipping and keeping it is easy.”


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Comments:

  1. Can you tell me where I left my keys?

I am getting hungary too

Posted on January 24th, 2013 at 19:09 by John Sinteur in category: Funny!

rHr5e98


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Comments:

  1. What a mouthful! I have little appetite for this class of tripe.

Titzkrieg

Posted on January 24th, 2013 at 17:46 by John Sinteur in category: News

[Quote]:

Men: have you always wanted to develop one— and only one— breast on the left side of your chest? Well, if you have an elite military training background, live in Germany or are willing to move there, you can now fulfill your dreams of single-boobery. But you have to act fast.

Dozens of soldiers it the Wachbataillon (German for man with one breast, you know how concise German words are) unit, which performs drill displays at official events, are developing breasts on their left side because of the way they drill. It turns out that repeatedly slapping your chest in the same exact spot with heavy rifles can stimulate glands to produce hormones and cause a condition called one sided gynecomastia. (I’m sure the Germans have a single word for it but I don’t know what it is.) The condition has been diagnosed in 74 % of Wachbataillon members who have gone to army medics because of their “developments.”


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Comments:

  1. Drill, baby, drill!

Why Did the Justice System Target Aaron Swartz?

Posted on January 24th, 2013 at 16:55 by John Sinteur in category: News

[Quote]:

Last month, Rolling Stone’s Matt Taibbi noted the absurdity of HSBC bankers skating on serious drug money laundering charges while hundreds of thousands of Americans sit behind bars for petty drug offenses. The Secret Service’s involvement in hunting down a 26-year-old charged with downloading too many scholarly articles is just another example of our justice system’s chillingly warped priorities.


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Record quarter, so better dump that stock!

Posted on January 24th, 2013 at 3:02 by John Sinteur in category: Apple, ¿ʞɔnɟ ǝɥʇ ʇɐɥʍ

Screen Shot 2013-01-23 at 22.01.59


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Comments:

  1. Stock prices are not about past earnings, but about expected future earnings, so this reaction is not as illogical as it may seem on a first glimpse. When a stock drops after record earnings, this is a very bad sign that people with insider knowledge are maybe dumping now their stocks to people who got greedy by seeing the glorious days of the past, and ignore that very rough times may lay ahead for Apple.

    It is the eternal cycle of the stock market: “Smart money” playing their game with the “Dumb money”

  2. Record *revenue* but same profit as the year earlier quarter.

    Interesting one analyst said it was lagging iMac sales that had the biggest negative impact.

    Analyst price targets still $600, $650, $750, $875, $1100…

  3. @Desiato: All good points. Still, I can’t quite fathom the P/E for Amazon being 290 times greater than that for Apple.

  4. @SjG: I don’t really get it either. Although Amazon’s profit is artificially low since they’re plowing all their cash back into developing their business. The stock reflects expected earnings growth, which for Amazon is still thought to be potentially quite large, and for Apple people are worrying that they’re running into the laws of physics. So I guess I get some part of it. But Apple at P/E around 10, yeah, crazy.

  5. I think THIS is why their stock price took a hit in spite of record revenues and profits. Exactly the kind of thing Wall Street does not approve of.

  6. John, do you have anything to substantiate the claim that Wall Street cares about that? Sounds highly, highly dubious to me. To put it politely. :)

In malpractice case, Catholic hospital argues fetuses aren’t people

Posted on January 24th, 2013 at 1:44 by John Sinteur in category: Pastafarian News

[Quote]:

Lori Stodghill was 31-years old, seven-months pregnant with twin boys and feeling sick when she arrived at St. Thomas More hospital in Cañon City on New Year’s Day 2006. She was vomiting and short of breath and she passed out as she was being wheeled into an examination room. Medical staff tried to resuscitate her but, as became clear only later, a main artery feeding her lungs was clogged and the clog led to a massive heart attack. Stodghill’s obstetrician, Dr. Pelham Staples, who also happened to be the obstetrician on call for emergencies that night, never answered a page. His patient died at the hospital less than an hour after she arrived and her twins died in her womb.

[..]

But when it came to mounting a defense in the Stodghill case, Catholic Health’s lawyers effectively turned the Church directives on their head. Catholic organizations have for decades fought to change federal and state laws that fail to protect “unborn persons,” and Catholic Health’s lawyers in this case had the chance to set precedent bolstering anti-abortion legal arguments. Instead, they are arguing state law protects doctors from liability concerning unborn fetuses on grounds that those fetuses are not persons with legal rights.

So life needs protection from conception (and thus we can’t have abortion) except when it costs the church money?


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Comments:

  1. Straight from the department of hypocracy department…

  2. Hypocracy = rule by the low. Sounds about right.

NIH told to retire most research chimpanzees

Posted on January 23rd, 2013 at 23:36 by Paul Jay in category: News

[Quote]:

The US National Institutes of Health (NIH) should dismantle a decades-old colony of 360 chimpanzees, retiring all but 50 or so of the animals to a national sanctuary, the agency was told on 22 January in a long-awaited report.

The report, from a working group of external agency advisers, also counsels the NIH to end half of 22 biomedical and behavioural experiments, saying that they do not meet criteria established in a December 2011 Institute of Medicine (IOM) report.

“Clearly there is going to be a reduction in the use of chimpanzees in research,” says working group co-chair Kent Lloyd, associate dean for research at the School of Veterinary Medicine, University of California Davis.

The report says that the NIH should begin planning the transfer of animals due for retirement to sanctuary housing “immediately”, and that a colony of about 50 animals is sufficient for future research. The report also sets high hurdles for chimp experiments, calling for the establishment of an independent committee that would vet individual study proposals after they have passed routine NIH scientific review. For cases in which the burden on the animals is high, the benefit to humans would have to be “very high” to pass muster with the committee, says Daniel Geschwind, the other co-chair of the working group and a geneticist at the University of California, Los Angeles.


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Evidence grows for narcolepsy link to GSK swine flu shot

Posted on January 23rd, 2013 at 22:23 by Paul Jay in category: News

[Quote]:

(Reuters) – Emelie Olsson is plagued by hallucinations and nightmares. When she wakes up, she’s often paralyzed, unable to breathe properly or call for help. During the day she can barely stay awake, and often misses school or having fun with friends. She is only 14, but at times she has wondered if her life is worth living.

Emelie is one of around 800 children in Sweden and elsewhere in Europe who developed narcolepsy, an incurable sleep disorder, after being immunized with the Pandemrix H1N1 swine flu vaccine made by British drugmaker GlaxoSmithKline in 2009.

Finland, Norway, Ireland and France have seen spikes in narcolepsy cases, too, and people familiar with the results of a soon-to-be-published study in Britain have told Reuters it will show a similar pattern in children there.

Their fate, coping with an illness that all but destroys normal life, is developing into what the health official who coordinated Sweden’s vaccination campaign calls a “medical tragedy” that will demand rising scientific and medical attention.

Europe’s drugs regulator has ruled Pandemrix should no longer be used in people aged under 20. The chief medical officer at GSK’s vaccines division, Norman Begg, says his firm views the issue extremely seriously and is “absolutely committed to getting to the bottom of this”, but adds there is not yet enough data or evidence to suggest a causal link.


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The Untouchables

Posted on January 23rd, 2013 at 20:37 by John Sinteur in category: Robber Barons


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Yahoo, Dell Swell Netherlands’ $13 Trillion Tax Haven

Posted on January 23rd, 2013 at 18:47 by John Sinteur in category: News

[Quote]:

Inside Reindert Dooves’s home, a 17th- century, three-story converted warehouse along the Zaan canal in suburban Amsterdam, a 21st-century Internet giant is avoiding taxes.

The bookkeeper’s home office doubles as the headquarters for a Yahoo! Inc. (YHOO) offshore unit. Through this sun-filled, white- walled room, Yahoo has taken advantage of the law to quietly funnel hundreds of millions of dollars in global profits to island subsidiaries, cutting its worldwide tax bill.

The Yahoo arrangement illustrates that the Netherlands, in the heart of a continent better known for social welfare than corporate welfare, has emerged as one of the most important tax havens for multinational companies. Now, as a deficit-strapped Europe raises retirement ages and taxes on the working class, the Netherlands’ role as a $13 trillion relay station on the global tax-avoiding network is prompting a backlash.

The Dutch Parliament is scheduled to debate the fairness of its tax system today. Lawmakers from several parties, including members of the country’s governing coalition, say they want to remove a stain on the nation’s reputation.


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Comments:

  1. IKEA, the sort-of biggest “charitable” organisation is also HQ’d in the Netherlands for similarly dubious reasons.

Surreal Satellite Images of Earth

Posted on January 23rd, 2013 at 18:04 by Paul Jay in category: Great Picture, News

lake-powell-landsat-satellite-imagae baghdad-iraq-landsat
[Quote]:

Across four decades since 1972, Landsat satellites have continuously acquired space-based images of the Earth’s land surface, coastal shallows, and coral reefs. The Landsat Program, a joint effort of the U.S. Geological Survey (USGS) and the National Aeronautics and Space Administration (NASA), was established to routinely gather land imagery from space. The result of this program is a long-term record of natural and human induced changes on the global landscape.

Each Landsat satellite images the Earth’s surface along the satellite’s ground track in a 185 kilometer-wide (115 mile-wide) swath as the satellite moves in a descending orbit (moving from north to south) over the sunlit side of the Earth. Each satellite crosses every point on the Earth at nearly the same time once every 16 or 18 days, depending on its altitude. Landsats 1, 2, and 3 orbited at an altitude of 920 kilometers (572 miles), circling the Earth every 103 minutes yielding repeat coverage every 18 days. Landsats 4, 5, and 7 were placed in orbit at 705 kilometers (438 miles) altitude, circling the Earth every 99 minutes, for a 16-day repeat cycle.

The Landsat Data Continuity Mission (LDCM) is the next-generation Landsat satellite and is expected to be launched no earlier than February 11, 2013. This mission will ensure the continued acquisition and availability of Landsat-like data well beyond the duration of the current Landsat 5 and Landsat 7
missions.

The Landsat satellites have a spectral band range from visible green to near-infared. As to why the colours can seem a little funky in the images, check out this fantastic presentation that discusses how Landsat images are made and the important distinction between photographs and images, especially when it concerns satellite imagery.


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Justice is not Law, Law is Not Justice

Posted on January 23rd, 2013 at 3:53 by Sueyourdeveloper in category: News

Quote

A law is deserving of respect to the extent, and only to the extent, it is just.  A law which is not just deserves only the level of obedience one gives to any group or individual who says “do this, or I’ll hurt you.”

Long but worth reading. With a truly shocking graph.


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Comments:

  1. “create an economy which gives poor people real jobs.”

    That, I fear, is the hard part.

  2. The author makes a few really, really good points. But the piece itself is under-cited, under-researched, and just plain not-well-argued.

    For example, I have reason to believe that prison-rape, while atrocious and preventable http://goo.gl/BC7X2, is more rare than we sometimes tend to think http://goo.gl/PzOwv. I also have reason to believe that defense attorneys advise their clients to not invoke their rights to a speedy trial because a long trial statistically benefits the defendant(episode of law and order:trial by jury :-P ).

    There is reason to believe that there are “secret laws” in this country, but the author does not give any specifics as to what nature these “secret laws” might have. (An example might include the police trying to circumvent people’s rights unless people know their rights and invoke them. Additionally, our common law system is full of rights that can only be invoked in certain ways such as the need to say “I invoke my right to remain silent” in order to invoke your right to remain silent http://goo.gl/6XlzH or such as the need to stay calm and not flush your toilet if a policeman knocks on your door http://goo.gl/7Nf81.)

    No evidence is given that plead agreements hurt anyone. Plenty of rich people negotiate a plea agreements, and plenty of poor people go to trial. Defense attorneys don’t plea out, defendants do.

    Additionally, the author made no mention to HUGE problems in our system such as police manipulation of statistics http://goo.gl/tjxs; system of police bullying toward the public and in-house http://goo.gl/tjxs; .7% of the US population is behind bars–more than any country http://goo.gl/lV1D8; one in three young black males should expect to go to jail at some time in his life http://goo.gl/Ai4FO; huge racial bias in enforcement of marijuana possession laws http://goo.gl/yDy9U; huge racial bias in the law for cocaine possession regarding crack cocaine vs. powder cocaine in the past and today http://goo.gl/gmISJ; ridiculous misuse and overuse of non-lethal weapons by police http://goo.gl/eLbDl; criminalization of mental illness http://goo.gl/pFyCA; the use of what should be considered cruel punishment–solitary confinement http://goo.gl/73Ph4 and unusually lengthy sentences compared to the rest of the world http://goo.gl/jJRCk.

    There is an argument to be made here, and the author largely resorted to platitudes and unsupported implications without actually making the argument.

Parishioners disappointed about Cape Breton church closures

Posted on January 23rd, 2013 at 2:11 by Sueyourdeveloper in category: News, Pastafarian News

Quote

Many parishioners are expressing their disappointment after hearing the news that seven Catholic churches will be closing in Cape Breton…

Three other Glace Bay-area churches and three on the Northside will also close their doors by June 2014 – the latest in a long string of Catholic Church closures in recent years.

According to the Diocese of Antigonish – which just finished paying off a multi-million dollar legal settlement – a declining population and fewer people attending Mass are to blame.

“It’s really difficult. I think people have a sense that their churches were given to them by their forbearers, that they were called to use these churches and serve them and protect them,” says Father Donald MacGillivray.

The sheep are waking up, apparently…the population had entirely too much forebearance, if I’m any judge. (The most recent ex-bishop of Antigonish was arrested at Ottawa airport with a laptop full of child pornography – and a passport full of recent stamps from SE Asian trips.)


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Comments:

  1. Say, if only there were some way to get together and practice your religion without the Pope’s men…

  2. And young boys everywhere can sleep a little more soundly.

Files Show How Los Angeles Church Leaders Controlled Damage

Posted on January 23rd, 2013 at 0:36 by John Sinteur in category: Pastafarian News

[Quote]:

Retired Cardinal Roger Mahony and other top Roman Catholic Archdiocese of Los Angeles officials maneuvered behind the scenes to shield molester priests, provide damage control for the church and keep parishioners in the dark, according to church personnel files.


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Crikey!

Posted on January 22nd, 2013 at 18:04 by John Sinteur in category: Funny!

UqQJ6fp


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Comments:

  1. Those things get so big, when the waters are laced with them they’ve been known to clog waterways. The sole solution is to sock it to ‘em so hard that they won’t last.

  2. Hard to follow…At least it’s not a breeding pair.

Pale Blue Dot

Posted on January 22nd, 2013 at 17:29 by Paul Jay in category: Great Picture

1

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Comments:

  1. Inspiring as always.

Oxfam says world’s rich could end poverty

Posted on January 22nd, 2013 at 16:05 by Sueyourdeveloper in category: News

Quote

The $240 billion net income of the world’s 100 richest billionaires would have ended poverty four times over, according to the London-based group’s report released on Saturday.

The group has called on world leaders to commit to reducing inequality to the levels it was at in 1990, and to curb income extremes on both sides of the spectrum…

… the world’s richest one percent have seen their income increase by 60 percent in the last 20 years, with the latest world financial crisis only serving to hasten, rather than hinder, the process…

“We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true,”

Oxfam, bless them, are addressing the Davos audience – but saying the rich could end poverty is like saying wolves could stop sheep-stealing. And that $240 billion is income for last year…


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Comments:

  1. Oxfam don’t seem to know the difference between “income” and “change in net worth”. The links they cite as their sources for the stat are these:

    http://topics.bloomberg.com/bloomberg-billionaires-index/
    http://www.globalresearch.ca/billionaires-gain-as-living-standards-fall/5318471

    Both of which talk about changes in net worth.

    You might say that that makes little difference in the big picture, that these people could solve poverty anyway. But when the top “gainer” is the founder of the Zara clothing brand, whose wealth is undoubtedly entirely in his company’s stock, the $22 billion he gained is hard to convert to liquid assets, and certainly not available annually in a sustainable way.

    None of which is to claim that the increasing income inequality isn’t a problem. I think it is.

  2. Let’s not split hairs. The “increase in net worth” idea is quite a tidy way to hide income from the taxman for people in this category (and lots of others). Likewise, throwing money at poor people will probably not end poverty. (All this with a nod to people like Gates and Buffet who do seem to understand.)

    If the rich don’t push to fix society and make it work, then it’s not too hard to imagine bad things happening. Noblesse oblige or be eaten.

Cartoons

Posted on January 22nd, 2013 at 13:37 by John Sinteur in category: Cartoon


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