…an iterative guide to MSM distractions from economic reality…

…first thing, we wish the best of luck to Kim, Kanye, Paris HIlton (?) and their fellow travelers, and move on quickly…

On the economy and the status of citizens, how informative has been the MSM, especially the US MSM, cable and network? Exactly.

On the subject of inequality and declining quality of life, aside newest or just new smartphone, precious little. For over a decade economists have been pointing to the increasing inequality in the ‘advanced’ countries, especially the US and the UK, as many ‘developing’ countries, especially of Latin America and the Caribbean (LAC), continued their policies to alleviate poverty and inequality, even despite strong opposition from a hostile North. Of course, many leading politicians of the north have done their part in ignoring the very issue, as their corporate benefactors would expect.

Handy references on inequality. Read the rest of this entry »

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…invitation lost in the mail?…

…but even with it, having that ID is very important to be among the very important…

Those of us who have ever attended village festivals would know that feeling. Even here, that’s a problem, Bilderberg conference: Ed Balls refused entry. Someone must have thought, ‘labourer’, instead of ‘ Labour MP’?

 The annual Bilderberg gathering of the global elite is so secretive that even Ed Balls can’t get in, it would seem.

A reporter for Infowars captured the moment Mr Balls was turned away by security at the heavily fortified, five-star Marriott Hotel in Copenhagen where the conference was being held because he did not have a security pass.

[snip]

In an uncharacteristic gesture of transparency, the Bilderberg organisers have published a list of all the prime ministers, chief executives and military chiefs in attendance at Copenhagen, which include Mr Ball’s counterpart George Osborne.

And no opportunity for selfies. The indignity of it all…


…equal opportunity for the more equal…

…talent and tenacity will always prevail?…

Chris Giles of the Financial Times (pay wall after a few views) in an article of 23 May had launched a broadside against Thomas Piketty’s book, where he sought to discredit Piketty’s work, in particular the data. In examining one element of Piketty’s argument, he would famously observe,  ‘…I discovered that his estimates of wealth inequality – the centrepiece of Capital in the 21st Century – are undercut by a series of problems and errors. Some issues concern sourcing and definitional problems. Some numbers appear simply to be constructed out of thin air.’

So then, a dishonest economist. An economist who, in collaboration with colleagues, has had all the data, code, and references readily available online? The issue? Basically, Piketty had asserted wealth in the US and the UK has been increasing for the tiny minority. But we leave the fine points aside to attend to some useful distractions. From the Independent, an observation, Britain’s land is still owned by an aristocratic elite – but it doesn’t have to be this way Read the rest of this entry »