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Author Topic: Economic Inequality  (Read 22645 times)

sidd

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Re: Economic Inequality
« Reply #300 on: March 01, 2019, 01:01:35 AM »
Oldie but a goodie :Ehrenreich at the nation asks whose land is it, really ?

"if a place is truly beautiful, you can’t afford to be there."

"Gentrification is dispersing the urban poor into overcrowded suburban ranch houses, while billionaires’ horse farms displace rural Americans into trailer homes."

"extreme wealth is also a social problem, and the superrich have become a burden on everyone else. "

"when I hear Woody Guthrie’s line “This land was made for you and me.” Somehow, I don’t think it was meant to be sung by a chorus of hedge-fund operators. "

Read the whole thing:

https://www.thenation.com/article/land-their-land/

sidd

vox_mundi

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Re: Economic Inequality
« Reply #301 on: March 12, 2019, 05:38:52 PM »
Actresses, Prominent Business Owners, CEOs Charged in Nationwide College Admissions Cheating Scandal
https://abc7chicago.com/actresses-ceos-charged-in-alleged-college-admissions-scam/5186103/

Authorities say the operation, dubbed 'Varsity Blues', uncovered 33 parents described by US Attorney Andrew Lelling as a "catalog of wealth and privilege" who collectively paid $25 million to a college admissions counselor named William Singer, who pleaded guilty and agreed to cooperate in an investigation into what Lelling called the "widening corruption of elite college admissions."

In exchange for the money, Singer allegedly bribed college officials, coaches and college entrance exam administrators, who then helped students secure admissions "not on their merits but through fraud," Lelling said.

Quote
... "This case is about the widening corruption of elite college admissions through the steady application of wealth, combined with fraud," ... "There can be no separate college admission for wealthy

- U.S. Attorney for Massachusetts Andrew Lelling



The plot involved students who attended or were seeking to attend Georgetown University, Stanford University, UCLA, the University of San Diego, USC, University of Texas, Wake Forest, and Yale, according to federal prosecutors.

"We believe everyone charged here today had a role in fostering a culture of corruption and greed that created an uneven playing field for students trying to get into these schools the right way through hard work, good grades and community service," said John Bonavolonta, FBI special agent in charge.

... Parents paid Singer, the founder of a for-profit college preparation business based in Newport Beach, California, between $15,000 and $75,000 per test for someone else to take the SAT or ACT exams in place of their college-aged sons or daughters, according to the court papers.

From 2011 to last month, parents paid Singer roughly $25 million to bribe coaches and university administrators to "designate their children as recruited athletes, or other favored admissions categories," according to the court papers.



The following defendants were charged in a criminal complaint with conspiracy to commit mail and wire fraud: 

https://www.cnbc.com/amp/2019/03/12/a-slew-of-ceos-are-charged-in-alleged-college-entrance-cheating-scam.html
« Last Edit: March 12, 2019, 08:15:03 PM by vox_mundi »
“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.” ― Leonardo da Vinci

Insensible before the wave so soon released by callous fate. Affected most, they understand the least, and understanding, when it comes, invariably arrives too late

kassy

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Re: Economic Inequality
« Reply #302 on: March 12, 2019, 08:45:41 PM »
Well that is one way to teach your kids the value of money...