HCDs people acting like animals.. Im sure he will blame white people. Another recent one from Minneapolis High school cheerleaders in two different states found themselves the target of criticism for making pro-Trump banners. A Shannon police officer fatally shot a gunman inside a Mississippi convenience store on Thursday morning.
Frankton resident Molly Hobbs started an online petition calling for the removal of the "All Lives Matter" decals.
A Metro Transit police officer was captured on video using pepper spray on an unruly passenger to take her into custody. A civilian police review panel determined that an officer-involved shooting violated police department policy. Tyler Flach has been charged with second-degree murder in the stabbing death of year-old Khaseen Morris.
The city of Denver paid off a couple who planned to sue for excessive force after they fought during a traffic stop. Defense Maven Home News Minneapolis, MN — A series of disturbing videos has been released that showed mobs of men beating and robbing people in downtown Minneapolis video below.
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Editor Tom Gantert. Editor Holly Matkin. But around the world, there are many types of capitalist societies, ranging from liberating to exploitative, protective to abusive, democratic to unregulated. In a capitalist society that goes low, wages are depressed as businesses compete over the price, not the quality, of goods; so-called unskilled workers are typically incentivized through punishments, not promotions; inequality reigns and poverty spreads.
Or consider worker rights in different capitalist nations.
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In Iceland, 90 percent of wage and salaried workers belong to trade unions authorized to fight for living wages and fair working conditions. Thirty-four percent of Italian workers are unionized, as are 26 percent of Canadian workers. Only 10 percent of American wage and salaried workers carry union cards. The O. Brazil scores 4. Further down the list are Norway 3.
The United States scored 0. How easy is it to fire workers? Countries like Indonesia 4. Those rules relax somewhat in places like Denmark 2.
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They virtually disappear in the United States, ranked dead last out of 71 nations with a score of 0. Those searching for reasons the American economy is uniquely severe and unbridled have found answers in many places religion, politics, culture. Slavery was undeniably a font of phenomenal wealth.
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By the eve of the Civil War, the Mississippi Valley was home to more millionaires per capita than anywhere else in the United States. The combined value of enslaved people exceeded that of all the railroads and factories in the nation. New Orleans boasted a denser concentration of banking capital than New York City. Given the choice between modernity and barbarism, prosperity and poverty, lawfulness and cruelty, democracy and totalitarianism, America chose all of the above. Nearly two average American lifetimes 79 years have passed since the end of slavery, only two.
It is not surprising that we can still feel the looming presence of this institution, which helped turn a poor, fledgling nation into a financial colossus. The surprising bit has to do with the many eerily specific ways slavery can still be felt in our economic life. They picked in long rows, bent bodies shuffling through cotton fields white in bloom. Men, women and children picked, using both hands to hurry the work. Some picked in Negro cloth, their raw product returning to them by way of New England mills. Some picked completely naked. Young children ran water across the humped rows, while overseers peered down from horses.
Enslaved workers placed each cotton boll into a sack slung around their necks. Cotton is everywhere, in our clothes, hospitals, soap. Before the industrialization of cotton, people wore expensive clothes made of wool or linen and dressed their beds in furs or straw. Whoever mastered cotton could make a killing.
But cotton needed land. A field could only tolerate a few straight years of the crop before its soil became depleted. Planters watched as acres that had initially produced 1, pounds of cotton yielded only a few seasons later. The thirst for new farmland grew even more intense after the invention of the cotton gin in the early s. Before the gin, enslaved workers grew more cotton than they could clean.
The gin broke the bottleneck, making it possible to clean as much cotton as you could grow.
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At the start of the Civil War, only states could charter banks. And even then, it was only law in the North. The Union passed the bills so it could establish a national currency in order to finance the war.
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The legislation also created the Office of the Comptroller of the Currency O. After the war, states were allowed to keep issuing bank charters of their own. This byzantine infrastructure remains to this day and is known as the dual banking system. Among all nations in the world, only the United States has such a fragmentary, overlapping and inefficient system — a direct relic of the conflict between federal and state power over maintenance of the slave-based economy of the South. Both state regulators and the O. Moreover, banks are effectively able to choose regulators — either federal or state ones, depending on their charter.
Consumer-protection laws, interest-rate caps and basic-soundness regulations have often been rendered ineffectual in the process — and deregulation of this sort tends to lead to crisis. In the mids, when subprime lenders started appearing in certain low-income neighborhoods, many of them majority black and Latino, several state banking regulators took note. In Michigan, the state insurance regulator tried to enforce its consumer-protection laws on Wachovia Mortgage, a subsidiary of Wachovia Bank. The Supreme Court agreed with the O. Eventually loans like those blew up the banking system and the investments of many Americans — especially the most vulnerable.
The United States solved its land shortage by expropriating millions of acres from Native Americans, often with military force, acquiring Georgia, Alabama, Tennessee and Florida. Naturally, the first to cash in were the land speculators. Companies operating in Mississippi flipped land, selling it soon after purchase, commonly for double the price. Enslaved workers felled trees by ax, burned the underbrush and leveled the earth for planting.
A lush, twisted mass of vegetation was replaced by a single crop.
An origin of American money exerting its will on the earth, spoiling the environment for profit, is found in the cotton plantation.
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