Video: Sibling Rivalry In The Womb?
photo credit: eraphernalia vintage
Caught on tape, the siblings appear to be competing for space in the womb.
Proof positive that some afflictions we are just born with.
Check out the video:
Study: American Households Hit 43-Year Low In Net Worth
Washington – The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.
According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.
According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”
Over that same period of time, the wealthiest 1 percent of American households increased their average wealth by 71 percent.
As noted by Daily Finance, from 1983 to 2010 the share of total wealth held by the richest 10 percent of American households increased from 68.2 percent to 76.7 percent. Meanwhile, all the rest of Americans lost financial ground.
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White House Opposed New Iran Sanctions
photo credit: adam jones
On Thursday, Sens. Robert Menendez (D-NJ) and Mark Kirk (R-IL) introduced the amendment to the National Defense Authorization Act, which the Senate passed 94-0. The new legislative language would blacklist Iran’s energy, port, shipping, and shipbuilding sectors, while also placing new restrictions on Iran’s ability to get insurance for all these industries. The legislation would also vastly expand U.S. support for human rights inside Iran and impose new sanctions on Iranians who divert humanitarian assistance from its intended purpose.
“The window is closing. The time for the waiting game is over,” Menendez said on the Senate floor Thursday night. “Yes, our sanctions are having a demonstrable effect on the Iranian economy, but Iran is still working just as hard to develop nuclear weapons.”
But the White House told several Senate offices Thursday evening that the administration was opposed to the amendment. National Security Spokesman Tommy Vietor sent The Cable the administration’s official position, explaining the White House’s view the sanctions aren’t needed and aren’t helpful at this time.
“As we focus with our partners on effectively implementing these efforts, we believe additional authorities now threaten to undercut these efforts,” he said. “We also have concerns with some of the formulations as currently drafted in the text and want to work through them with our congressional partners to make the law more effective and consistent with the current sanctions law to ensure we don’t undercut our success to date.”
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