Archive for July 2nd, 2011

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“Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period,corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented.”

Read it all: http://thinkprogress.org/economy/2011/06/30/258388/corporate-profits-recovery/

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High in the Caucasus Mountains, at the eastern end of the Black Sea, rests Georgia. Poised between the Arabic, Persian and Syriac cultures of Asia and the Greco-Roman world of Europe, Georgians have fashioned a unique civilization, integrating with their own many of the beliefs, customs, ideas and principles of these seemingly disparate societies.

Christianity — which became the state religion in the eastern Georgian kingdom of Kartli by the fourth century — is as much responsible for the creation and survival of this distinctive polity as language or tradition.

More, from ONE:


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