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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (161460)	4/17/2011 10:14:18 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 542941

World Bank president: 'One shock away from crisis' The president of the World Bank has warned that the world is "one shock away from a full-blown crisis". Robert Zoellick cited rising food prices as the main threat to poor nations who risk "losing a generation". He was speaking in Washington at the end of the spring meetings of the World Bank and International Monetary Fund. Meanwhile, G20 finance chiefs, who also met in Washington, pledged financial support to help new governments in the Middle East and North Africa. Mr Zoellick said such support was vital. "The crisis in the Middle East and North Africa underscores how we need to put the conclusions from our latest world development report into practice. The report highlighted the importance of citizen security, justice and jobs," he said. He also called for the World Bank to act quickly to support reforms in the region. "Waiting for the situation to stabilise will mean lost opportunities. In revolutionary moments the status quo is not a winning hand." Continue reading the main story At the Washington meetings, turmoil in the Middle East, volatile oil prices and high unemployment were also discussed. IMF chief Dominique Strauss-Kahn raised particular concerns about high levels of unemployment among young people. "It's probably too much to say that it's a jobless recovery, but it's certainly a recovery with not enough jobs," he said. "Especially because of youth unemployment... there is now a risk that this will be turned into a life sentence, and that there is a possibility of a lost generation," he said bbc.co.uk == sidebar Food price changes Q1 2010 to Q1 2011 Source: World Bank Development Prospects Group Maize 74% Wheat 69% Palm oil 55% Soybeans 36% Beef 30% Rice -2%

To: Wharf Rat who wrote (161460)	4/18/2011 9:04:49 AM
From: Suma	Read Replies (1) \| Respond to of 542941

Super Rich taxes started dropping with Reagan and had declined ever since with Republican presidencies. If the tax rate for these persons does not go back up we are not going to get out of the deficit again...ever.. A guy making five hundred bucks a week pays more taxes than the guy making a million. IS THIS FAIR ? Republicans want to put the burden of every deficit on the back of the middle class and poor. What is the percentage of those in the US who pay no income tax at all and how come ? If I were a billionaire I would pay the best tax attorneys in the US to be sure I did not pay the government a thing. Money is all it takes.