mrspoonsi writes: Henry Blodget reports "One thing has been repeated so often that many people now regard it as fact "Rich people create the jobs." Specifically, by starting and directing America's companies, rich entrepreneurs and investors create the jobs that sustain everyone else. This statement is usually invoked to justify cutting taxes on entrepreneurs and investors. If only we reduce those taxes and regulations, this argument perpetuates a myth that some well-off Americans use to justify today's record inequality — the idea that rich people create the jobs.
The customers of most companies are ultimately American's gigantic middle class — the hundreds of millions of Americans who currently take home a much smaller share of the national income than they did 30 years ago. America's middle class has been pummeled, in part, by tax policies that reward "the 1%" at the expense of everyone else. America's richest entrepreneurs, investors, and companies now have so much money that they can't possibly spend it all. So instead of getting pumped back into the economy, thus creating revenue and wages, this cash just remains in investment accounts.
Entrepreneur Hanauer takes home more than $10 million a year of income. On this income, he says, he pays an 11% tax rate, with the more than $9 million a year Hanauer keeps, he buys lots of stuff, but, importantly, he doesn't buy as much stuff as would be bought if his $9 million were instead earned by 9,000 Americans each taking home an extra $1,000 a year. Most of the $9+ million just goes straight into the bank, Hanauer points out that his family owns 3 cars, not the 3,000 cars that might be bought if his $9+ million were taken home by a few thousand families. Hanauer estimates that, if most American families were taking home the same share of the national income that they were taking home 30 years ago, every family would have another $10,000 of disposable income to spend."
cold fjord writes: Foreign Policy reports, "One of the National Security Agency's biggest defenders in Congress is suddenly at odds with the agency and calling for a top-to-bottom review... And her long-time friends and allies are completely mystified by the switch. "We're really screwed now," one NSA official told The Cable.... Senate Intelligence Committee chairman Dianne Feinstein said she was "totally opposed" to gathering intelligence on foreign leaders and said it was "a big problem" if President Obama didn't know the NSA was monitoring the phone calls of German Chancellor Angela Merkel.... Perhaps most significant is her announcement that the intelligence committee "will initiate a review into all intelligence collection programs."... If the review also touched on other intelligence agencies under the committee's jurisdiction, it could be one of the most far-reaching reviews in recent memory... A former intelligence agency liaison to Congress said Feinstein's sudden outrage over spying on foreign leaders raised questions about how well informed she was about NSA programs and whether she'd been fully briefed by her staff. "The first question I'd ask is, what have you been doing for oversight? Second, if you've been reviewing this all along what has changed your mind?" The former official said the intelligence committees receive lengthy and detailed descriptions every year about all NSA programs, including surveillance. "They're not small books.... They're hundreds of pages long."" — More at Lawfare
An anonymous reader writes: Cell therapies may stop or reverse the pain and disability of degenerative disc disease and the loss of material between vertebrae, according to Duke University scientists. The health conditions affect thousands of Americans. To use cell therapies, however, scientists have to keep the cells alive, synthesize the appropriate replacement material and get it to the right place in a patient's spine. With newly made biomaterials from Duke’s Pratt School of Engineering, that goal could be closer.
hessian writes: Even more than boring, education was about the wrong approach entirely. It set up cute little thought-experiments, taught you some simple versions, and then hit you with more challenging ones on the final. Since this is easy to defeat, teachers relied heavily on trickery and detail-based grading, which rewards those who essentially bury themselves in the classwork and memorize.
Zero relation to (a) actual problem solving and (b) having the skill of thinking itself. In fact, worse than zero relation; negative relation. Thinkers find this kind of environmental stultifying and try to escape it.
DavidGilbert99 writes: The NSA spying revelations are having a huge impact on governments across the globe, as well as seeing people becoming more and more worried about their privacy. But a so-far unseen impact is happening in the background. The services which could be affected by NSA spying — such as Dropbox, Amazon Web Services and Microsoft's Azure cloud platform — are now seen as unsafe. This however is good news for one company, with Swiss-based ultra-secret hosting company Artmotion recording a 45% rise in revenue since Edward Snowden blew the whistle last month.
hypnosec writes: Kickass Torrents’ wasn’t accessible since about yesterday and now it has been confirmed that the domain name of the torrent website has been seized by Philippine authorities. Local record labels and the Philippine Association of the Recording Industry said that the torrent site was doing “irreparable damages” to the music industry and following a formal complaint the authorities resorted to seize of the main domain name. The torrent site hasn’t given up and is operating as usual under a new domain name. The torrent site’s main domain name KAT.ph ran into trouble yesterday and it was believed that the control of the domain name was no longer with the original owners. The Government of Philippines has confirmed that the domain name has been seized based on formal complaints and copyright grounds.
cold fjord writes: New developments in the ongoing controversy engulfing the NSA as a result of the Snowden leaks. From The Hill: ""Emerging from a hearing with NSA Director Gen. Keith Alexander, Reps. Mike Rogers (R-Mich.), chairman of the Intelligence Committee, and Dutch Ruppersberger (Md.), the senior Democrat on the panel, said Edward Snowden simply wasn't in the position to access the content of the communications gathered under National Security Agency programs, as he's claimed. "He was lying," Rogers said. "He clearly has over-inflated his position, he has over-inflated his access and he's even over-inflated what the actually technology of the programs would allow one to do. It's impossible for him to do what he was saying he could do." "He's done tremendous damage to the country where he was born and raised and educated," Ruppersberger said."... "It was clear that he attempted to go places that he was not authorized to go, which should raise questions for everyone," Rogers added."
An anonymous reader writes: You might have thought that the last of the DEC PDP-11s have all been retired. Apparently, there are still some used for robotic applications in Canadian nuclear power plants. I realize I might be doing GE a favor by posting this here. However, I figure there very well could be some Slashdotters with the requisite 5+ years of experience in PDP-11 assembly level software design and implementation and in need of secure employment. Plus, it's pretty interesting that these machines are still being used for such critical applications. Link to Original Source
sciencehabit writes: The mushroom clouds produced by more than 500 nuclear bomb tests during the Cold War may have had a silver lining, after all. More than 50 years later, scientists have found a way to use radioactive carbon isotopes released into the atmosphere by nuclear testing to settle a long-standing debate in neuroscience: Does the adult human brain produce new neurons? After working to hone their technique for more than a decade, the researchers report that a small region of the human brain involved in memory makes new neurons throughout our lives—a continuous process of self-renewal that may aid learning.
exomondo writes: Google has given Microsoft until May 22nd to pull their Windows Phone 8 YouTube app from the marketplace and disable it on customer devices. It not only includes a built-in ad blocker but also allows users to download videos and doesn't impose device-specific streaming restrictions outlined in the YouTube Terms Of Service.
glowend writes: Rebecca Solnit writes about the symbolism of Google buses to those who are not part of the new gold rush: "The buses roll up to San Francisco’s bus stops in the morning and evening, but they are unmarked, or nearly so, and not for the public. They have no signs or have discreet acronyms on the front windshield, and because they also have no rear doors they ingest and disgorge their passengers slowly, while the brightly lit funky orange public buses wait behind them. The luxury coach passengers ride for free and many take out their laptops and begin their work day on board; there is of course wifi. Most of them are gleaming white, with dark-tinted windows, like limousines, and some days I think of them as the spaceships on which our alien overlords have landed to rule over us."