The numbers reveal the deadening effects of inequality in our country, and confirm that tax avoidance, rather than a lack of middle-class initiative, is the cause

1. Only THREE PERCENT of the very rich are entrepreneurs.

According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.photo:

2. Only FOUR OUT OF 150 countries have more wealth inequality than us.

In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.

3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world's Ultra High Net Worth Individuals, that's $8 to $12 trillion in U.S. money stashed in far-off hiding places.

Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.

The following article was first published by Global Research in January 2009 at the height of the Israeli bombing and invasion under Operation Cast Lead.

The ongoing attack on Gaza, which envisages a ground invasion, is from the point of view of Israeli military planners a followup to the December 2008 attack on Gaza.

The [December 2008] military invasion of the Gaza Strip by Israeli Forces bears a direct relation to the control and ownership of strategic offshore gas reserves.

This is a war of conquest. Discovered in 2000, there are extensive gas reserves off the Gaza coastline.

British Gas (BG Group) and its partner, the Athens based Consolidated Contractors International Company (CCC) owned by Lebanon's Sabbagh and Koury families, were granted oil and gas exploration rights in a 25 year agreement signed in November 1999 with the Palestinian Authority.

The rights to the offshore gas field are respectively British Gas (60 percent); Consolidated Contractors (CCC) (30 percent); and the Investment Fund of the Palestinian Authority (10 percent). (Haaretz, October 21, 2007).

The PA-BG-CCC agreement includes field development and the construction of a gas pipeline.(Middle East Economic Digest, Jan 5, 2001).

The BG licence covers the entire Gazan offshore marine area, which is contiguous to several Israeli offshore gas facilities. (See Map below). It should be noted that 60 percent of the gas reserves along the Gaza-Israel coastline belong to Palestine.

The BG Group drilled two wells in 2000: Gaza Marine-1 and Gaza Marine-2.Reserves are estimated by British Gas to be of the order of 1.4 trillion cubic feet, valued at approximately 4 billion dollars. These are the figures made public by British Gas. The size of Palestine's gas reserves could be much larger.

History, Farce, and David Petraeus

History, it is said, arrives first as tragedy, then as farce. First as Karl Marx, then as the Marx Brothers. In the case of twenty-first century America, history arrived first as George W. Bush (and Dick Cheney and Donald Rumsfeld and Paul Wolfowitz and Douglas Feith and the Project for a New America -- a shadow government masquerading as a think tank -- and an assorted crew of ambitious neocons and neo-pundits); only later did David Petraeus make it onto the scene.

It couldn't be clearer now that, from the shirtless FBI agent to the "embedded" biographer and the "other other woman," the "fall" of David Petraeus is playing out as farce of the first order. What's less obvious is that Petraeus, America's military golden boy and Caesar of celebrity, was always smoke and mirrors, always the farce, even if the denizens of Washington didn't know it.

Until recently, here was the open secret of Petraeus's life: he may not have understood Iraqis or Afghans, but no military man in generations more intuitively grasped how to flatter and charm American reporters, pundits, and politicians into praising him. This was, after all, the general who got his first Newsweek cover ("Can This Man Save Iraq?") in 2004 while he was making a mess of a training program for Iraqi security forces, and two more before that magazine, too, took the fall. In 2007, he was a runner-up to Vladimir Putin for TIME's "Person of the Year." And long before Paula Broadwell's aptly named biography, All In, was published to hosannas from the usual elite crew, that was par for the course.

You didn't need special insider's access to know that Broadwell wasn't the only one with whom the general did calisthenics. The FBI didn't need to investigate. Even before she came on the scene, scads of columnists, pundits, reporters, and politicians were in bed with him. And weirdly enough, many of them still are. (Typical was NBC Nightly News anchor Brian Williams mournfully discussing the "painful" resignation of "Dave" -- "the most prominent and best known general of the modern era.") Adoring media people treated him like the next military Messiah, a combination of Alexander the Great, Napoleon, and Ulysses S. Grant rolled into one fabulous piñata. It's a safe bet that no general of our era, perhaps of any American era, has had so many glowing adjectives attached to his name.

Perhaps Petraeus's single most insightful moment, capturing both the tragedy and the farce to come, occurred during the 2003 invasion of Iraq. He was commanding the 101st Airborne on its drive to Baghdad, and even then was inviting reporters to spend time with him. At some point, he said to journalist Rick Atkinson, "Tell me how this ends." Now, of course, we know: in farce and not well.

US troops have come under two separate bomb attacks in different parts of Afghanistan as foreign forces continue to experience their deadliest days in the war-ravaged country.

The first explosion took place outside a security training center in Maidan Shar, the capital of central Wardak Province, on Friday.

A spokesman for the US-led military allaincce says at least six American soldiers sustained minor injuries. The bombing also killed three locals and injured 90 others.

Hours later, the second bomb went off near a US base in the eastern province of Nangrahar. But there are no reports of casualties yet.

Taliban militants have claimed responsibility for both deadly attacks.

There has been no letup in the Taliban attacks on the US-led foreign troops across the war-ravaged country.

US-led troops and Afghan forces are falling prey to Taliban attacks on an almost daily basis.

Moscow has called on the Arab League and the Middle East Quartet comprising Russia, the European Union (EU), UN, and US, to work together to end frequent Israeli aggressions against the Palestinians.

"The Quartet needs...to work together with the Arab League representatives and work out solutions together...to restart Israeli-Palestinian talks," Russian Foreign Minister Sergei Lavrov said on Friday.

Lavrov made the remarks after at least one Palestinian was killed and seven others were injured by Israeli fire in the southern Gaza Strip despite an Egypt-mediated ceasefire agreement between the two sides on Wednesday.

Over 160 Palestinians, including women and children, were killed and about 1,200 others were injured in the Israeli attacks on Gaza that were carried out during the eight-day period starting November 14.

Law enforcement agencies across the US are lining up to be among the first to use drones to serve and protect, but unmanned vehicles are likely to replace the traditional cop cruiser in just a few short years.

In places like California, Texas and Washington State, police officers in recent weeks have intensified their demands for surveillance drones, a necessary addition they say to their arsenal of tools to help thwart crime. The Federal Aviation Administration has yet to finalize plans to put drones in US airspace, but by the end of the decade as many as 30,000 UAVs are expected to be soaring through the sky.

By 2025, those drones are predicted to take the place of the police patrol car as unmanned vehicles operated by cops are being considered a likely inclusion on our roads of tomorrow.

Leading up to this year's Los Angeles Auto Show, carmakers were asked to put together prototypes showing what they envision highway patrol vehicles to look like in the year 2025. The entries, from big manufacturers like BWM and Honda, are largely based on the still primitive drone technology that is used in military and surveillance missions overseas.

The car show's organizers asked designers to develop a vehicle that "should empower highway patrol officers to meet new demands and effectively both 'protect and serve' the public while considering not just enforcement needs but emission concerns, population growth and transportation infrastructure."

According to the New York Times, drone devices are far and away the popular choice.

Iran is accusing the U.S. Navy of carrying out "illegal and provocative acts" in the Persian Gulf and Sea of Oman.

In identical letters to U.N. Secretary-General Ban Ki-moon and the Security Council, Iran's U.N. Ambassador Mohammad Khazaee said the Navy repeatedly violated the country's airspace.

He cited flights over the coastal areas of Bushehr on seven occasions in October and most recently a U.S. drone flight on Nov. 1 which disregarded all radio warnings and penetrated Iranian airspace.

The letters, circulated Friday, urged Ban to warn the U.S. "against the continuation of acts in violation of international law and of the adverse consequences of any provocative and dangerous acts for which the United States government would be held responsible."

The White House had no comment Friday night.

Source: The Associated Press

Israel and Palestine are momentarily at a ceasefire, but the potential reasoning behind the recess could have some real international implications. Israel's Debka reports that the pause in fighting comes after the US promised to send troops to Sinai.

According to Debka, US troops will soon be en route to the Sinai peninsula, Egyptian territory in North Africa that's framed by the Suez Canal on the West and Israel on the East. In its northeast most point, Sinai is but a stone's throw from Palestinian-controlled Gaza, and according to Debka, Hamas fighters there have been relying on Iranian arms smugglers to supply them with weaponry by way of Egypt.

Debka reports this week that Sinai will soon be occupied by US troops, who were promised by President Barack Obama to Israel's leaders as a condition that a ceasefire be called. Once deployed, the Americans will intervene with the rumored arms trade orchestrated by Iranians, ideally cutting off supplies for Hamas while at the same time serving as a thorn in the side of Iran.

"Once the missile and arms consignments depart Iranian ports or Libyan arms bazaars, Tehran has no direct control of their transit from point to point through Egypt until they reach Sinai and their Gaza destination," Debka reports. "All the same, a US special forces operation against the Sinai segment of the Iranian smuggling route would count as the first overt American military strike against an Iranian military interest."