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Baby boomers are killing themselves at an alarming rate, raising question: Why?

June 04, 2013 By: seeta Category: Civil Rights, Corrupt Legislature, Economic Terrorism, Intersectionality, Poverty

From WashingtonPost:

It has long held true that elderly people have higher suicide rates than the overall population. But numbers released in May by the Centers for Disease Control and Prevention show a dramatic spike in suicides among middle-aged people, with the highest increases among men in their 50s, whose rate went up by nearly 50 percent to 30 per 100,000; and women in their early 60s, whose rate rose by nearly 60 percent (though it is still relatively low compared with men, at 7 in 100,000). The highest rates were among white and Native American and Alaskan men. In recent years, deaths by suicide has surpassed deaths by motor vehicle crashes.

As youths, boomers had higher suicide rates than earlier generations; the confluence of that with the fact that they are now beginning to grow old, when the risk traditionally goes up, has experts worried. The findings suggest that more suicide research and prevention should “address the needs of middle-aged persons,” a CDC statement said.

There are no large-scale studies yet fleshing out the reasons behind the increase in boomer suicides. Part of it is likely tied to the recent economic downturn — financial recessions are in general associated with an uptick in suicides. But the trend started a decade before the 2008 recession, and psychologists and academics say it likely stems from a complex matrix of issues particular to a generation that vowed not to trust anyone older than 30 and who rocked out to lyrics such as, “I hope I die before I get old.”

Instead, compared with their parents’ generation, boomers have higher rates of obesity, prescription and illicit drug abuse, alcoholism, divorce, depression and mental disorders. As they age, many add to that list chronic illness, disabilities and the strains of caring for their parents and for adult children who still depend on them financially.

Corporate Profits Soar as Worker Income Limps

March 05, 2013 By: seeta Category: Civil Rights, Economic Terrorism, Intersectionality, Poverty, Workers' Rights

From NYT:

With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold.

That gulf helps explain why stock markets are thriving even as the economy is barely growing and unemployment remains stubbornly high.

With millions still out of work, companies face little pressure to raise salaries, while productivity gains allow them to increase sales without adding workers.

“So far in this recovery, corporations have captured an unusually high share of the income gains,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch. “The U.S. corporate sector is in a lot better health than the overall economy. And until we get a full recovery in the labor market, this will persist.”

The result has been a golden age for corporate profits, especially among multinational giants that are also benefiting from faster growth in emerging economies like China and India.

Tax the Rich: An animated fairy tale

December 02, 2012 By: seeta Category: Anti-Racism, Civil Rights, Consumer Rights, Economic Terrorism

Walmart Paved the Way for Poverty Wages

November 27, 2012 By: seeta Category: Anti-Racism, Civil Rights, Intersectionality, Poverty, Workers' Rights

Visit NBCNews.com for breaking news, world news, and news about the economy

From The Nation:

On Black Friday, hundreds of Walmart workers protested the superstore’s unfair labor practices and “Always Low Wages” policy. While Walmart’s bottom-line business model has made the Walton family billions, their employees in California were 40 percent more likely to need public assistance. Walmart is not only slashing prices on flat-screen TVs—they’re suppressing wages and costing tax payers millions of dollars. Nation columnist Melissa Harris-Perry checks the numbers to see why the Walton’s “Live Better” math—which claims their low-price model benefits all families—doesn’t quite add up.

Mittens and Ryan’s Romneyhood: 5 Things You Need to Know and Did Romney Give Up Florida

August 12, 2012 By: seeta Category: 2012 Election, Anti-Racism, Civil Rights, Economic Terrorism, Intersectionality, Poverty

Today’s Slate wonders whether Mittens just lost Florida:

In choosing Paul Ryan as his running mate, Mitt Romney: a) doesn’t get a bump in Florida from choosing homestate Senator Marco Rubio b) risks scaring off elderly people worried abour protecting their entitlements.

As Marc Caputo points out in the Miami Herald, Democrats like this fight. Tweet from Rep. Ted Deutch, a Dem from Boca Raton: “Paul Ryan wants to privatize Social Security. Looking forward to welcoming Mitt and his pick to Florida. There’s nothing brave about cutting the programs that America’s seniors rely on for their health and financial security.”

It’s actually only people younger than 55 who would be affected by Ryan’s plan to restructure and privatize Medicare by replacing it with vouchers. Still, according to Caputo, “While no Florida-specific polls on the Ryan plan are available, a poll last summer by CNN/Opinion Research Corp. said that more than 50 percent of voters opposed Ryan’s proposal. Opposition was highest among senior citizens.”

And critically important is Ryan’s muse, Ayn Rand:

Ryan embraces the extreme philosophy of Ayn Rand. Ryan heaped praise on Ayn Rand, a 20th-century libertarian novelist best known for her philosophy that centered on the idea that selfishness is “virtue.” Rand described altruism as “evil,” condemned Christianity for advocating compassion for the poor, viewed the feminist movement as “phony,” and called Arabs “almost totally primitive savages. Though he publicly rejected “her philosophy” in 2012, Ryan had professed himself a strong devotee. “The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand,” he said at a D.C. gathering honoring the author of “Atlas Shrugged” and “The Fountainhead.” “I give out ‘Atlas Shrugged’ as Christmas presents, and I make all my interns read it. Well… I try to make my interns read it.” Learn more about Ryan’s muse: