Posted on 15 August 2008. Tags: China, Depression, Economics, Europe, Global Economy, Oil, Recession
Other people are feeling the pain, so says The Wall Street Journal: The global economy — which had long remained resilient despite U.S. weakness — is now slowing significantly, with Europe offering the latest evidence of trouble. On Thursday, the European Union’s statistics agency said gross domestic product in the euro zone contracted 0.2% […]
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Posted in General Interest
Posted on 14 August 2008. Tags: 2008 Elections, Barak Obama, CEOs, Class Warfare, Economics
I am not surprised by this but it makes me wonder why there is this general whispering campaign that critics of Sen. Obama’s economic proposals should keep quiet. The Wall Street Journal this morning: The campaign for the CEO vote is heating up. With increasing attention on the economy, the presidential candidates are trying […]
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Posted in General Interest
Posted on 13 August 2008. Tags: Class Warfare, Corporations, Greed, Taxes
Huh. Why worry about cutting corporate taxes when they don’t even bother to pay any?: Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday by the Government Accountability Office, the investigative arm of Congress. The study, which is likely to […]
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Posted on 13 August 2008. Tags: Divorce, Health Care, Single Payer
I mean, this is just pathetic. We’ve all heard about people getting married so that one spouse can get covered by the other spouse’s health care plan, and that’s what most of this story recounts. But, the new twist: Other couples, like Michelle and Marion Moulton, are forced to consider divorce so that an […]
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Posted in General Interest
Posted on 12 August 2008. Tags: "Free Trade", Banks, Class Warfare, Outsourcing, Wages
Well, it never gets old–watching the reality unfold that contradicts what the blind advocates of so-called "free trade" and "liberalization" want people to believe. One of the great lies of the globalization scam is that, hey, don’t worry, if we just educate people more and have them do higher-skilled jobs, not to worry, everyone will […]
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Posted in General Interest
Posted on 11 August 2008. Tags: Corporate Greed, Health Care, Insurance Industry, Single Payer
On Friday, I observed that the Democrats were caving in too early on the question of what health care plan is the best plan to move to. It is obviously single-payer–no contest. Economically and morally. The leeches of the private insurance industry will always undercut any plan that keeps a role for for-profit health […]
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Posted in General Interest
Posted on 08 August 2008. Tags: Democrats, Health Care, Platform, Single Payer
Though I mentioned this yesterday in the posting of the newest, latest version of the Democratic Party platform, this bears repeating: you can’t have the private insurance industry mucking around with health care. It is really painful to watch a kind of cognitive dissonance playing out here. Watch this, on page 22, in the […]
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Posted in General Interest
Posted on 08 August 2008. Tags: Democratic Party, EFCA, Health Care, Platform
Here, for your reading pleasure, is the draft, as of today, of the entire Democratic Party’s Platform. Besides the trade language, here are my initial thoughts about some of the other economic-related language. The good: There is very strong language about the right to organize and other similar worker protection issues. […]
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Posted in General Interest
Posted on 08 August 2008. Tags: Democratic Party, Platform, Trade
I keep my promises. I’ve just been given the language on trade that will likely be in the Democratic Party’s platform. Here it is, followed by some commentary (the numbers to the left of the language are from the draft pages…too lazy to take them out): Smart, Strong, and Fair Trade Policies 20 […]
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Posted in General Interest
Posted on 07 August 2008. Tags: Open Thread
Here’s what caught my eye this morning: CWA and the IBEW might be headed for a strike against Verizon. If you want to read a detailed update, it’s here; this morning there is a short update issued a few minutes ago that says: "Bargaining continued until 10:30 p.m. last evening. We continue making progress on […]
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Posted in General Interest