Richistan...The Newest Country On Earth!!!

I am amazed as to what I learn every day. I wanted to welcome the world to the newest country on the world, Richistan. This term was coined by a Wall Street Journal Reporter (a paper by the way owned by a citizen of this country, Rupert Murdoch). He wrote a book about in 2007. Here is an excerpt of an interview done with the author noted in the Wall Street Journal Website:

"The words stuck with me. The wealthy weren’t just getting wealthier — they were forming their own virtual country. They were wealthier than most nations, with the top 1% controlling $17 trillion in wealth. And they were increasingly building a self-contained world, with its own health-care system (concierge doctors), travel system (private jets, destination clubs) and language. (”Who’s your household manager?”) They had created their own breakaway republic — one I called Richistan.

The rich are getting richer, the poor are getting poorer and the rest of us are just trying to muddle through and get by. What will the future hold for us and our children? It is a scary thought.

Another Interesting Week.....

We left an interesting week behind and another interesting week is before us. The Iowa Caucus is about 30 days away, the world is as dangerous as ever, the challenges with the US Economy is ever more, Czar Putin has prevailed in Russia, and James Murdoch just cemented his position as the heir apparent at News Corporation. Rupert Murdoch is to be admired. I have discussed it before. As his son Lachlan said, "..there will only be one Rupert Murdoch....". But, interestingly enough, Rupert is still accountable to shareholders. If he is not able to deliver, he may indeed have a challenge. But, the fact that he seems to be devouring everything in its' wake is a problem. And it seems that there is nothing that we ordinary folks can do about it. Of course, the FCC seems to be the extension of the Media Lobby. The FCC wants the media companies to be bigger and bigger. The question is at what cost? Thankfully, folks like Byron Dorgan, The US Senator from North Dakota, at least is trying to do something about it.

The struggle does indeed continue.....