The reason for these results seems clear. Higher pay increases what economists call aggregate demand — the collective capacity to buy goods and services. When people make more, they have more to spend, not just on the rent but also on everything else, and they have time for both sleep and nurturing their children.
In contrast, when all the gains are concentrated in a few hands, as the economic data show since the Great Recession ended in 2009, piling on more does not help the economy grow in the face of low aggregate demand. People like Howard Schultz, who already can consume virtually anything at any price, cannot consume more — they can only invest more. But without demand for goods and services there is little demand for new investment, creating a vicious cycle of widening inequality instead of a virtuous one of growing prosperity
2--Why the war in Iraq was fought for Big Oil, CNN
Yes, the Iraq War was a war for oil, and it was a war with winners: Big Oil.
It has been 10 years since Operation Iraqi Freedom's bombs first landed in Baghdad. And while most of the U.S.-led coalition forces have long since gone, Western oil companies are only getting started.
Before the 2003 invasion, Iraq's domestic oil industry was fully nationalized and closed to Western oil companies. A decade of war later, it is largely privatized and utterly dominated by foreign firms.
"Of course it's about oil; we can't really deny that," said Gen. John Abizaid, former head of U.S. Central Command and Military Operations in Iraq, in 2007. Former Federal Reserve Chairman Alan Greenspan agreed, writing in his memoir, "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." Then-Sen. and now Defense Secretary Chuck Hagel said the same in 2007: "People say we're not fighting for oil. Of course we are."...
In 2000, Big Oil, including Exxon, Chevron, BP and Shell, spent more money to get fellow oilmen Bush and Cheney into office than they had spent on any previous election. Just over a week into Bush's first term, their efforts paid off when the National Energy Policy Development Group, chaired by Cheney, was formed, bringing the administration and the oil companies together to plot our collective energy future. In March, the task force reviewed lists and maps outlining Iraq's entire oil productive capacity.
Planning for a military invasion was soon under way. Bush's first Treasury secretary, Paul O'Neill, said in 2004, "Already by February (2001), the talk was mostly about logistics. Not the why (to invade Iraq), but the how and how quickly."....
At the same time, representatives from ExxonMobil, Chevron, ConocoPhillips and Halliburton, among others, met with Cheney's staff in January 2003 to discuss plans for Iraq's postwar industry. For the next decade, former and current executives of western oil companies acted first as administrators of Iraq's oil ministry and then as "advisers" to the Iraqi government...
Upon leaving office, Bush and Obama administration officials have even worked for oil companies as advisers on their Iraq endeavors. For example, former U.S. Ambassador to Iraq Zalmay Khalilzad's company, CMX-Gryphon, "provides international oil companies and multinationals with unparalleled access, insight and knowledge on Iraq."
The new contracts lack the security a new legal structure would grant, and Iraqi lawmakers have argued that they run contrary to existing law, which requires government control, operation and ownership of Iraq's oil sector.
But the contracts do achieve the key goal of the Cheney energy task force: all but privatizing the Iraqi oil sector and opening it to private foreign companies.
They also provide exceptionally long contract terms and high ownership stakes and eliminate requirements that Iraq's oil stay in Iraq, that companies invest earnings in the local economy or hire a majority of local workers.
3---US collecting all cell phone calls in Afghanistan, wsws
The mass spying against Afghanistan underscores that a primary function of the spying apparatus is to identify and target opponents of the neocolonial agenda being pursued by the US ruling elite, while terrorizing the civilian population into submission. As noted by the WikiLeaks statement, the US government’s targeted drone program relies heavily on information gathered from NSA surveillance operations.
“We know from previous reporting that the National Security Agency’s mass interception system is a key component in the United States’ drone targeting program. The US drone targeting program has killed thousands of people and hundreds of women and children in Afghanistan, Pakistan, Yemen and Somalia in violation of international law. The censorship of a victim state’s identity directly assists the killing of innocent people,” the WikiLeaks statement said