Jen Sorensen for July 07, 2020

Researchers at Princeton and Northwestern conclude that government policies reflect the desires of the wealthy, and that the vast majority of American citizens have “minuscule, near-zero, statistically non-significant impact upon public policy. When a majority of citizens disagrees with economic elites and/or with organized interests, they lose.”

When Fed chair Janet Yellen was questioned by Bernie Sanders about the study at a congressional hearing in 2014, she responded “There’s no question that we’ve had a trend toward growing inequality” and that this trend "can shape [and] determine the ability of different groups to participate equally in a democracy and have grave effects on social stability over time. "

“The rich get richer and the poor get pregnant, in the mean time, in between time, ain’t we got fun” . . . . Start learning the lyrics to the new National Anthem brought back from the last Republican Depression. This one will be much better. There’s booze.

… King Virus conquers all, and human effort, good and bad, is rendered mere vanity.

This is a repeat. Don’t know the original date.

Uh isn’t it the Uber guy who bought it? Meanwhile uber drivers sleep in their cars. ..

As the somewhat technophobic Boomers are retiring the highly trained Millennials are entering the business world during a global pandemic. The Washington Post in a May article called the Millennials the unluckiest generation ever. However, they are also the most prepared for an online connected world that the Boomers are hesitant about.

https://www.foundrymag.com/issues-and-ideas/article/21931664/why-does-training-mean-so-much-to-millennials

https://www.washingtonpost.com/business/2020/05/27/millennial-recession-covid/

Read about a run down downtown area. A coffee bar decided to move in as the rents were low. They roasted the coffee beans on the premises. It became really popular, so, many other businesses moved in. They petitioned the city to get rid of the coffee bar as it “stunk” from roasting coffee!!!

If this is a cycle, then there has to be a final conversion from mega-palace back to slum. Is it time for the revolution yet?!

Only in America.. ain’t it grand

‘International Oligarchs’ will still pay the local taxes (property) but use none of the Local services because they are never present. That benefits others because they are not consuming local resources.

Jen, you nailed it. In the 80’s and 90’s I owned and ran 3 specially food stores (Coffee Beans and Teas) that I established in depressed shopping areas. Similar businesses joined in and those areas became hip. By 1998 the rents (and the arrival of Starbucks) convinced me it was time to retire.

California has seen waves of this for decades, the big Japanese money in the 80’s, middle east money and now Chinese money. I get why everyone wants a piece of Cali. will the homeless start to sell their spot on the street for big money. I’m going to get a bundle when I escape this paradise some oligarch can use it for storage, I wonder how far $ 2,000,000 will go in Arizona or Utah ?

The next revolution will be French

This is from the lawsuit over Breonna Taylor’s murder in Louisville:

“People needed to be removed and homes needed to be vacated so that a high dollar, legacy-creating real estate development could move forward,” attorneys said in the complaint. “An entire police squad was created and was primarily devoted towards targeting homes and people on Elliott Avenue.”

and to complete the cycle, the home gets broken up into ten apartments