“Debtors’ Prison Is Back — and Just as Cruel as Ever”
According to a report inThe Wall Street Journal,debt collectors in Missouri, Illinois, Alabama and other states are using a legal loophole to justify jailing poor citizens who legitimately cannot pay their debts.
Here’s how clever payday lenders work the system in Missouri — where, it should be noted, jailing someone for unpaid debts is illegal under the state constitution.
First, explains St. Louis Post-Dispatch, the creditor gets a judgment in civil court that a debtor hasn’t paid a sum that he owes. Then, the debtor is summoned to court for an “examination”: a review of their financial assets.
If the debtor fails to show up for the examination — as often happens in such cases — the creditor can ask for a “body attachment” — essentially, a warrant for the debtor’s arrest. At that point, the police can haul the debtor in and jail them until there’s a court hearing, or until they pay the bond. No coincidence, the bond is usually set at the amount of the original debt.
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The U.S. government is TRILLIONS of dollars in debt. I don’t see them getting their assess hauled off to jail.
#B_effing_S
BANKRUPT USA
A numerical look at the average family’s financial struggles:$126,400
Net worth of the median American family in 2007$77,300
Net worth of the median family in 201040
Percentage drop in wealth over that three-year period15.2
Median percentage of debt that was education-related in 200719.2
Median percentage of education-related debt in 20107
Percentage of Americans late on their debt payments in 200711
Percentage late on payments in 2010
(via npr)
Before you watch the speeches, get the facts:
• Since the last SOTU, the economy has created 1.9 million private sector jobs. [Source]
• The top 1 percent take home 24 percent of the nation’s income, up from about 9 percent in 1976. [Source]
• Private sector job creation under Obama in 2011 was larger than seven out of the eight years Bush was president. [Source]
• The top 1 percent of Americans own 40 percent of our country’s wealth while the bottom 80 percent owns only 7 percent. [Source]
• Thanks to the Affordable Care Act, 2.5 million young adults gained health insurance. [Source]
• For every one job opening, there are four people looking for work. [Source]
• Last year, China spent 9 percent of its GDP on infrastructure. The U.S. spent 2.5 percent. [Source]
• 2.65 million seniors saved an average of $569 on prescriptions last year thanks to the Affordable Care Act. [Source]
• “In 2011, the United States killed Al Qaeda’s most effective propagandist, Anwar al-Awlaki; its operating chief, Atiyah Abd al-Rahman; and of course its founder, chief executive and spiritual leader, Osama bin Laden.” [Source]
• Union membership is at a 70-year low. [Source]
• Unemployment benefits have lifted 3.2 million people out of poverty. [Source]
• The United States used to have the world’s largest percentage of college graduates. We’re now #14. [Source]
• One quarter of all contributions to federal campaigns come from 0.01 percent of Americans. [Source]
• 47.8 percent of households that receive food stamps are working, because having a job is not enough to keep them out of poverty. [Source]
• In the last three years, 30 major corporations spent more on lobbying than they paid in taxes. [Source]
• 50 percent of U.S. workers make less than $26,364 per year. [Source]
• More than one in 70 homes faced foreclosure last year. [Source]
• Since 1985, the federal tax rate for the 400 wealthiest Americans dropped from 29 percent to 18 percent. [Source]
but before that happens, I’d like to kick the guy in the middle right in the ding-ding.
#ReallyHard
(via andasfortakingitinstride)
Obama and the GOP agree: Eliminate tax breaks for millionaires
If the two parties could come together around this change to the tax system, it would be a very, very big deal. Coburn’s office estimates that millionaires received $30 billion in tax breaks in 2009. Extend that over 10 years, adjust for economic growth and reductions in interest payments, and cutting out those subsidies would save the Treasury well over $500 billion and while making the tax code considerably more progressive.
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I bolded the shit outta that text for emphasis.
“The European Super Highway of Debt”
These info-graphics shows how much banks borrowed to Portugal, Ireland, Italy, Greece & Spain (PIIGS). Europe is in a deep crisis, and this shows how much must be repaid.
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It’s just mind-boggling. See the human figure at the bottom of the image?
Next to it is a pallet of 100 Million Euros.
Each tractor trailer is loaded with these pallets.
One tractor trailer represents €2,000,000,000 (that’s Billions).
Monopoly really does explain capitalism. You expand as much as you can until finally you eliminate everyone else and then it ends because you have no one left to exploit.
#It’sFunnyBecauseIt’sTrue
(via andasfortakingitinstride)
TIME’s 2011 Person of the Year is The Protester
A quick glance at this cover and you might assume it’s a niqabi Muslim woman — but it’s actually a photo of #OccupyLA protester Sarah Mason (artified by Sheperd Fairey).
I have SO. MANY. FEELINGS. about this and they shifted after understanding the context of the photo. What do you guys think?
This is the original photo that this cover was adapted from:
We received a request from a local law enforcement agency to remove YouTube videos of police brutality, which we did not remove. Separately, we received requests from a different local law enforcement agency for removal of videos allegedly defaming law enforcement officials. We did not comply with those requests, which we have categorized in this Report as defamation requests.
(via andasfortakingitinstride)
But things are different nowadays. Smart phones have cameras, and almost everyone has a smart phone. A court is therefore less likely to be ignorant of what actually occurred between the policeman and me. The policeman and I may have videotaped it. Bystanders might have, too. I am reminded of the utopia dreamed of by the eighteenth-century anarchist William Godwin, who hoped that someday everyone in the world would become so sincere and so expressive that all sides of every story would be fully narrated, and there would no longer be any need to deceive. Everyone would be his own narrator, and in the world that this sincerity revealed, perfect knowledge would include perfect forgiveness.
- Caleb Crain writes about how camera phones will continue to change how citizens and police interact with each other: http://nyr.kr/tZHROj
Interesting read on how industrial design transparently plays a role with politics and social change.
(via npr)
#10 Statistical Games with the Unemployment Rate. At Information Clearing House, Greg Hunter showed that instead of 9%, the real unemployment rate is over 22%.
#9 Chemtrails. Atmospheric Geoengineering: Weather Manipulation, Contrails and Chemtrails, July 10, 2010.
#8 The Truth on Nuclear Power. The Union of Concerned Scientists published a report describing 14 near-miss nuclear accidents in 2010 in the US. (One is Fort Calhoun, which I covered here and here.) Other nuclear pieces mentioned in this category include Jeff Goodell’s “America’s Nuclear Nightmare” at Rolling Stone.
#7 U.S. Army and psychology’s largest experiment – ever. Horrified by war? Be positive! A series of APA articles describing and promoting a program of “psychological resilience” is confronted by Roy Eidelson, Marc Pilisuk and Stephen Soldz at Truthout.
#6 Google Spies for CIA, US Military. In January 2010, Eric Sommer wrote “Google’s Deep CIA Connections” for Pravda.ru.
#5 Prison Companies Fund Anti-Immigrant Legislation. Exposed in depth by Peter Cervantes-Gautschi at AlterNet, Wall Street is profiting from immigrant lock-ups.
#4 Wall Street Engineers Food Crisis. On March 24, 2011, David Moberg wrote “Diet Hard: With a Vengeance” for In These Times showing that speculating on food commodities, along with income inequality, cause hunger – not lack of production.
#3 Obama’s Extrajudicial Hit List. State sanctioned assassinations outside the scope of law is somehow okay by this dictator. This is an under-reported story later covered by Glenn Greenwald atSalon and William Fisher at IPS. Originally titled “Death by Drone: ‘CIA’s hitlist is murder’,” IPS later changed it to “Death by Remote: But Is It Legal?”
#2 Army of Fake Personas to Promote Propaganda. Two sites broke the story on Feb. 22, 2011: Darlene Storm at Computer World and Stephen Webster at Raw Story. In March, Guardian writers Nick Fielding and Ian Cobain covered it.
#1 US Soldier Suicides Exceed Combat Deaths in 2010. Cord Jefferson broke the story on Jan. 27, 2011 at Iceland’s Good Magazine.I’ve posted and/or written about each of these stories, aside from #7. Hey, MSM, I win!
I’d also like to add the most under-reported and the most important story of the last century: Global phytoplankton decline over the past century
