August, 18 2016, 04:15pm EDT
CBO Report: Rich Get Richer, Poor Get Poorer
Total wealth in the United States doubled between 1989 and 2013, but the wealth of the American family right in the middle of the economy barely budged in that time, according to a new report prepared by the Congressional Budget Office for U.S. Sen. Bernie Sanders (I-Vt.).
"Over the period from 1989 through 2013, family wealth grew at significantly different rates for different segments of the U.S. population," CBO wrote. "The distribution of wealth among the nation's families was more unequal in 2013 than it had been in 1989."
BURLINGTON, Vt.
Total wealth in the United States doubled between 1989 and 2013, but the wealth of the American family right in the middle of the economy barely budged in that time, according to a new report prepared by the Congressional Budget Office for U.S. Sen. Bernie Sanders (I-Vt.).
"Over the period from 1989 through 2013, family wealth grew at significantly different rates for different segments of the U.S. population," CBO wrote. "The distribution of wealth among the nation's families was more unequal in 2013 than it had been in 1989."
"The reality, as this report makes clear, is that since the 1980s there has been an enormous transfer of wealth from the middle class and the poor to the wealthiest people in this country," Sanders said. "There is something profoundly wrong when the rich keep getting richer and virtually everyone else gets poorer. That is unacceptable, and that has got to change."
As of 2013, the top 10 percent of families owned three-quarters of total family wealth in the United States. The average wealth of the top 10 percent was $4 million, but families in the bottom 25 percent were $13,000 in debt on average.
Although CBO did not look at the wealth of the top one-tenth of 1 percent, Emmanuel Saez and Gabriel Zucman found that the top one-tenth of 1 percent now owns almost as much wealth as the bottom 90 percent.
While the top 10 percent of families have vastly increased their share of wealth, the bottom 25 percent has suffered enormously. Since 1989, the amount owed by indebted American families tripled. In 2013, families in the bottom 25 percent were $13,000 in debt, on average, whereas they had virtually no debt in 2001. A total of 15 million families were in debt in 2013, with an average indebtedness of $32,000.
Higher education plays a key role in determining family wealth, according to the report. In 2013, households headed by someone with a college degree had four times more wealth than households headed by an individual with a high school degree.
But student loan debt was largely responsible for the increase in debt among the bottom 25 percent of families. Between 2007 and 2013 "the share of families with student debt increased from 25 percent to 36 percent, and the average amount increased from $24,000 to $36,000," CBO wrote. The percentage of indebted families with outstanding student debt rose from 56 percent in 2007 to 64 percent in 2013, and their average student loan balances increased from $29,000 to $41,000.
"If we are going to reduce wealth inequality in this country, we must make public colleges and universities tuition-free and substantially lower student loan interest rates so that millions of young people do not leave school with a mountain of debt that burdens them for decades," Sanders said.
Young and middle-aged Americans have seen the fewest gains of any age group in America. Only families headed by someone over the age of 65 have more wealth today than they did in 1989.
To read the CBO report, click here.
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US College Students Demonstrate in Solidarity With Palestinians, Columbia Protesters
"Columbia University made a huge mistake calling the cops on student protesters," said one educator. "It has transformed the activism of hundreds of students into a student movement of thousands."
Apr 19, 2024
Undeterred by Columbia University's sanctioning of a crackdown by the New York Police Department in which at least 108 people were arrested on Thursday for protesting Israel's war on Gaza, dozens of students continued to camp out on the campus' West Lawn Friday as solidarity protests cropped up at other schools across the country.
Students at the University of North Carolina, Chapel Hill (UNC) set up tents at a rally, while the Harvard College Palestine Solidarity Committee announced a walkout to express solidarity with "steadfast Columbia students" and emergency protests were announced at Boston University; Miami University in Oxford, Ohio; and Ohio State University.
"Columbia University made a huge mistake calling the cops on student protesters," said Jairo I. Fúnez-Flores, a faculty member at Texas Tech University. "It has transformed the activism of hundreds of students into a student movement of thousands with millions around the world watching."
National Students for Justice in Palestine, whose Columbia University chapter was shut down late last year after members protested against the institution's investments in Israeli companies and partnership with Tel Aviv University, called on all of its chapters across college campuses to join in solidarity actions.
"The supposed power of these administrators pales in comparison to the combined strength of the students, staff, and faculty committed to realizing justice and upholding Palestinian liberation on campus," said the national group.
At the impromptu rally at UNC, students chanted, "No justice, no peace!"
The solidarity actions came a day after Columbia president Minouche Shafik authorized the police to dismantle an encampment set up by dozens of students. Shafik testified before a Republican-controlled U.S. House committee on Wednesday where the focus was antisemitism on the school's campus, and admitted she has not witnessed anti-Jewish protests at Columbia since Israel began its assault on Gaza last October.
After the students were arrested Thursday, one student Barnard College—which is part of Columbia—posted on social media an email she had received from vice president and dean Leslie Grinage about the suspension of several students.
The students were forced to leave their housing and have had their access to all campus facilities revoked during the suspension.
Several members of the press reported being denied entry to Columbia's campus on Thursday and Friday, prompting the university's journalism school to offer its assistance and reiterate its support for a free press.
Barnaby Raine, an historian earning his Ph.D. at Columbia, urged fellow educators at the Ivy League school to demonstrate solidarity with the student-led protests.
"As my employer, Columbia University, calls armed riot police into campus to smash a peaceful protest against a genocide, we must all speak out," said Raine. "My former students have been arrested. I'm proud of you. History will be too."
Actor, activist, and former New York gubernatorial candidate Cynthia Nixon, who graduated from Barnard, condemned the administrators' response to the protests.
"I am shocked and ashamed that [Barnard] and Columbia are violently crushing the right of students to peacefully protest," said Nixon. "This is not who we are. Both schools must immediately reinstate these students and protect their right to fight for a free Palestine."
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Indigenous Brazilians Lament Lula's Unfulfilled Land Demarcation Promises
"This is revolting for us Indigenous peoples to have had so much faith in the government's commitments to our rights and the demarcation of our territories," said one Indigenous leader.
Apr 19, 2024
Friday is Indigenous Peoples Day in Brazil, and tribal leaders and activists used the occasion to criticize the left-wing government of Brazilian President Luiz Inácio Lula da Silva for falling short on promises to safeguard native land rights.
On Thursday, the Brazilian government announced the demarcation of Aldeia Velha, land of the Pataxó people, in the northeastern state of Bahia, as well as the territory of the Karajá people in Cacique Fontoura, Mato Grosso.
"Since the beginning of the current government, 10 areas have been regularized out of a total of 14 routed for approval," the government said in a statement. "The act reaffirms the focus of the federal government on the protection and respect of Indigenous peoples."
However, Indigenous peoples were anticipating the demarcation of six new territories. Lula acknowledged their disappointment.
"I know you are apprehensive and expected the demarcation of six Indigenous lands. But now we only announce two. And I'm being real with you," he said.
"Some of this missing land is occupied either by farmers or peasants," the president explained. "We cannot arrive without giving these people an alternative. Some governors asked for time to resolve, in a negotiated manner, the eviction of these territories so that we can demarcate them."
"The definition of these lands is already ready. What we do not want is to promise you today, and tomorrow you read in the newspaper, that a contrary decision was made," Lula added. "The frustration would be greater."
But the frustration was already there—and growing.
"This is revolting for us Indigenous peoples to have had so much faith in the government's commitments to our rights and the demarcation of our territories," Alessandra Korap Munduruku, a member of the Munduruku people and a 2023 winner of the prestigious Goldman Environmental Prize, told Amazon Watch in a statement published Friday.
"We hear all of these discussions about environmental and climate protection, but without support for Indigenous peoples on the front lines, suffering serious attacks and threats. Lula cannot speak about fighting climate change without fulfilling his duty to demarcate our lands," she added.
Articulation of Indigenous Peoples of Brazil (APIB), an umbrella group, said in a statement earlier this week that "the most serious thing is that the Lula government is tarnishing its historical trajectory."
"Since campaigning for his first term in 2002, the president has committed to demarcating Indigenous lands, but he was one of the governments that demarcated the least," the group contended. "And now, like other old and conservative governments, in the name of the country's progress and economic development, [Lula's government] undermines the basis of Indigenous peoples' existence, becoming hostage to the market, the powerbrokers, agribusiness, evangelicals, and the military."
APIB demanded that Lula "put an end to the criminal organizations that intimidate our people and communities, persecute and murder our leaders" and "dedicate farms for agrarian reform and demarcate our lands, which have been invaded and plundered for centuries by the invaders who arrived here 524 years ago and their current descendants."
Thousands of Indigenous peoples from throughout Brazil are expected to rally in the capital BrasÃlia next week for the Terra Livre—or Free Land, camp—the country's largest annual native mobilization. Two years ago, Lula, then a presidential candidate, told Terra Livre attendees that he would end illegal mining on Indigenous lands. Despite a crackdown that resulted in an initial dramatic drop in illicit mineral extraction on Indigenous lands, illegal miners have returned with a vengeance in places including land belonging to the Yanomami people.
Criticism of Lula's demarcation process and the Brazilian government's Indigenous rights record came from outside Brazil as well.
"Human rights defenders are under extreme threat in Brazil. The federal government knows this but has so far failed to put the structures in place to provide them with better protection and tackle the root causes of the risks they face," Mary Lawlor, the United Nations special rapporteur on the situation of human rights defenders, in a Friday statement after an official visit to Brazil.
"Land is also the key to the protection of these defenders," she continued. "When I asked them what they thought would protect them they were clear: removal of invaders and demarcation now; accountability for environmental crimes. This for them is what collective protection, which is what is needed, means."
"There must be demarcation and titling," Lawlor added. "There can be no more delay."
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Person Self-Immolates Outside Courthouse of Trump's NY Trial
An unverified online manifesto identifies the person as "an investigative researcher" who has discovered that "our own government (along with many of their allies) is about to hit us with an apocalyptic fascist world coup."
Apr 19, 2024
This is a developing story... Please check back for possible updates...
Law enforcement officials confirmed to CNN that someone lit themself on fire Friday outside the New York City courthouse where former President Donald Trump, the presumptive Republican nominee, is on trial for allegedly falsifying business records.
"The man walked into the park across the street from the courthouse, throwing flyers into the air," the network reported, citing law enforcement. "He then pulled something out of a backpack—it was not immediately clear what the item was—and lit himself on fire."
Journalists were in the area for the historic trial and CNN anchor Laura Coates was among those who described the scene live on-air as New York Police Department officers and emergency responders worked to extinguish the fire.
Police were "slow to respond in part because of barricades around park," Politico's Emily Ngo explained, sharing photos and videos from the scene on social media. There is "only one way to get into park outside the courthouse without jumping the fence. It's been barricaded in anticipation of protests. And since there hasn't been much in the way of protests, police presence is light. Police had to run all the way around to get to the man."
The person who self-immolated "was responsive when he was removed but he is very, very badly burned. Body charred," Ngo said.
CNN reported that the flyers featured allegations of wrongdoings against New York University and said, "NYU is a mob front."
A self-identified citizen journalist named Jack shared on social media a photo of a booklet the person reportedly left in the dirt.
An unverified Substack post says in part: "My name is Max Azzarello, and I am an investigative researcher who has set himself on fire outside of the Trump trial in Manhattan. This extreme act of protest is to draw attention to an urgent and important discovery: We are victims of a totalitarian con, and our own government (along with many of their allies) is about to hit us with an apocalyptic fascist world coup."
Inside Manhattan Criminal Court, the remaining jurors were sworn in for Trump's case, in which he faces 34 charges for records related to alleged hush money payments to cover up sex scandals during the 2016 election cycle. There are 12 jurors and six alternates.
The former president was indicted by a New York grand jury last spring. He also faces two federal criminal cases—one related to his handling of classified material and another for trying to overturn his 2020 loss, which culminated in the January 6, 2021 insurrection—as well as an election interference case in Georgia.
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