Rep. Peter King's Muslim hearings: A key moment in an angry conversation

Thursday's hearing could mark a key moment in the way America talks about Muslims as the conversation shifts from the fringes to the center of American politics.

Source: http://www.washingtonpost.com/wp-dyn/content/article/2011/03/09/AR2011030902061.html?wprss=rss_politics

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Open thread for night owls: The persistent golden parachute

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The New York Times reports that while there has been some meager progress towards reining in the ridiculous sums of money departing (failed) executives extract from their companies, for the most part the golden parachute remains quite alive and well:
Perhaps the biggest reason that golden parachutes persist is that corporate boards hire superstar chief executives, rather than groom strong managers inside the company for the top job. That gives outsiders a stronger hand to demand all kinds of upfront stock awards and lucrative severance deals when they are hired. So when things do not work out, that ?golden hello? turns into a ?golden goodbye.? [...]

At Hewlett-Packard, its revolving door for chiefs has led to tens of millions in severance payouts even as thousands of employees have lost their jobs. In 2007, Carly Fiorina walked away with more than $21 million in cash-stock severance, after she struggled to turn around the company. Her successor, Mark V. Hurd, left with severance of more than $12.2 million after he was forced to step down amid accusations of an improper relationship.

Now comes Mr. Apotheker?s $13.2 million severance payout when the stock price was cut in half. That is made up of $7.2 million in cash, the ability to sell $3.6 million of restricted stock and a $2.4 million bonus. H.P., which paid $2.9 million to relocate Mr. Apotheker to California, will now pay to move him to Belgium or France and cover losses of up to $300,000 on the sale of his house.

The next time you get laid off from your job, make sure to ask the company whether they'll be covering any lost equity in your house and/or paying you to move to France. Hey, no harm in asking, right?

Top Comments for today are here.


Source: http://feeds.dailykos.com/~r/dailykos/index/~3/kOdOVagu2dU/-Open-thread-for-night-owls:-The-persistent-golden-parachute

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Perry says slowing carbon emissions hurts economy

ATKINSON, New Hampshire (Reuters) - Texas Governor Rick Perry, struggling to regain his status as front-runner for the Republican presidential nomination, expressed fresh doubt on Saturday about whether humans are causing climate change.

Source: http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/kcnJ4WOyIYc/us-usa-campaign-perry-climate-idUSTRE79100620111002

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First official statement from Occupy Wall Street

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Note: The photo that originally appeared with this post has been removed.

What follows is the first official statement released by Occupy Wall Street. It was voted on and approved on Thursday night:

Declaration of the Occupation of New York City

As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.

As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.

They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.

They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses.

They have perpetuated inequality and discrimination in the workplace based on age, the color of one?s skin, sex, gender identity and sexual orientation.

They have poisoned the food supply through negligence, and undermined the farming system through monopolization.

They have profited off of the torture, confinement, and cruel treatment of countless nonhuman animals, and actively hide these practices.

They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.

They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right.

They have consistently outsourced labor and used that outsourcing as leverage to cut workers? healthcare and pay.

They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility.

They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance.

They have sold our privacy as a commodity.

They have used the military and police force to prevent freedom of the press.

They have deliberately declined to recall faulty products endangering lives in pursuit of profit.

They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce.

They have donated large sums of money to politicians supposed to be regulating them.

They continue to block alternate forms of energy to keep us dependent on oil.

They continue to block generic forms of medicine that could save people?s lives in order to protect investments that have already turned a substantive profit.

They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.

They purposefully keep people misinformed and fearful through their control of the media.

They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt.

They have perpetuated colonialism at home and abroad.

They have participated in the torture and murder of innocent civilians overseas.

They continue to create weapons of mass destruction in order to receive government contracts.*

To the people of the world,

We, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power.

Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone.

To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.

Join us and make your voices heard!

*These grievances are not all-inclusive.

Or, summed up by a chant today: "We're young, we're poor, we're not gonna take it any more!"

This is an open thread on Occupy Wall Street. Be sure to follow the Occupy Wall Street tag at Daily Kos for 50 blog posts on Occupy events today alone.


Source: http://feeds.dailykos.com/~r/dailykos/index/~3/P4pbu63j6oE/-First-official-statement-from-Occupy-Wall-Street

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