Daily Archives: November 16, 2011

AlterNet: Occupy DC Disrupts Koch Group Gathering; Activists Struck by Car

-By Adele M. Stan

November 4, 2011- Time was when David Koch could bring his Americans for Prosperity Foundation convention to our nation's capital, and conventioneers could feel pretty secure in the notion that Washington, D.C., was theirs for the taking. No longer.

The triumphant glow of hagiography that usually marks the convention's annual Ronald Reagan tribute dinner Friday night gave way to the heat of confrontation with the Occupy D.C. movement. Apparently, the AFP Foundation was prepared for shenanigans, as there seemed to be a readily available cadre of Metropolitan Police throughout the Walter E. Washington Convention Center where the event took place, a sprawling complex of glass and stone that takes up a full city block.

USA Today: U.S. wealth gap between young and old is widest ever

-By Hope Yen

November 8, 2011- WASHINGTON – The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt.

The typical U.S. household headed by a person age 65 or older has a net worth 46 times greater than a household headed by someone under 35, according to an analysis of census data released Monday.

While people typically accumulate assets as they age, this wealth gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago, after adjusting for inflation.

The analysis reflects the impact of the economic downturn, which has hit young adults particularly hard. More are pursuing college or advanced degrees, taking on debt as they wait for the job market to recover. Others are struggling to pay mortgage costs on homes now worth less than when they were bought in the housing boom.

Think Progress: Federal Workers Are Underpaid Compared To Their Private Sector Counterparts, Despite GOP’s Assertions

-By Travis Waldron

November 7, 2011- To hear Republican presidential primary candidates tell it, the federal workforce under President Obama has experienced ballooning job growth and huge wage increases. Such claims are a staple of Rep. Michele Bachmann’s (R-MN) stump speeches, and for months, former Massachusetts Gov. Mitt Romney (R) has promised to bring the rest of the workers’ pay into line with comparable employees in the private sector.

Speaking at the Koch brothers-backed Americans for Prosperity annual summit Friday, Romney repeated this pledge, saying the pay gap between public and private workers “must be corrected.” “Public servants shouldn’t get a better deal than the taxpayers they work for,” Romney added.

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