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thinkahol *

Loss of jobless benefits could be serious blow to U.S. economy - latimes.com - 0 views

www.latimes.com/...efits-20101201,0,2883634.story

Loss of jobless benefits could be serious blow to U.S. economy - latimes.com

shared by thinkahol * on 04 Dec 10 - No Cached
  • thinkahol * on 04 Dec 10
     
    Reporting from Washington - With 2 million jobless workers set to lose unemployment benefits this month, the kind of extension that Congress routinely approved in the past has fallen victim to partisan deadlock - and the consequences could be serious for the U.S. economy.
thinkahol *

Extend Jobless Benefits, Not Tax Cuts - 0 views

www.readersupportednews.org/...-jobless-benefits-not-tax-cuts

Extend Jobless Benefits Not Tax Cuts

shared by thinkahol * on 18 Nov 10 - No Cached
  • thinkahol * on 18 Nov 10
     
    'Don't extend the Bush tax cuts to the wealthy. Give unemployment benefits to people who need them.' Robert Reich, Robert Reich's Blog
G G

U.S. Unemployment | The G Perspective - 0 views

thegperspective.com/?p=729

Unemployment Economy Jobless Rate

shared by G G on 28 Nov 11 - No Cached
  • G G on 28 Nov 11
     
    On Tuesday, the U.S. Bureau of Labor Statistics reported that the registered unemployment rate for 40 states is lower than it was a year ago. The District of Columbia and eight states had increases, while two states showed no change. The current national jobless rate of 9 percent is 0.7 percent lower than a year earlier.
thinkahol *

Op-Ed Columnist - The Angry Rich and Taxes - NYTimes.com - 0 views

www.nytimes.com/...20krugman.html

Op-Ed Columnist - The Angry Rich and Taxes NYTimes.com

shared by thinkahol * on 23 Sep 10 - No Cached
  • thinkahol * on 23 Sep 10
     
    Political rage is coming not from the jobless, but from the very privileged, who are furious at the thought of their tax cuts expiring.
thinkahol *

The Real Deficit Problem: One More Essential Chart - James Fallows - Politics - The Atl... - 0 views

www.theatlantic.com/...243164

The Real Deficit Problem: One More Essential Chart - James Fallows Politics Atlantic

shared by thinkahol * on 06 Aug 11 - No Cached
  • thinkahol * on 06 Aug 11
     
    The federal deficit is a serious challenge in the long run. The real emergency is how many people are still out of work. That's the deficit that matters. Almost nothing can do more harm to a nation's cultural, social, political, and of course economic fabric than sustained high joblessness. And of nothing can do more, faster, to reduce a federal deficit than a restoration of economic growth. That political and media attention got hijacked to a fake debt-ceiling "emergency" is 1937 all over again -- but worse, because in principle we had the real 1937 to learn from.
thinkahol *

Is Great Depression II on the Horizon? - Blogcritics Culture - 0 views

blogcritics.org/...is-great-depression-ii-on-the

Is Great Depression II on the Horizon? - Blogcritics Culture

shared by thinkahol * on 14 Aug 11 - No Cached
  • thinkahol * on 14 Aug 11
     
    A new study by Northwestern University economists, called The "Jobless and Wageless" Recovery from the Great Recession of 2007-2009," found that the economic recovery is highly uneven: corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than one percent. In other words, the average American worker has been left behind by the recovery, which officially began in June 2009. "The economic recovery through 2011 I has failed to create any net new jobs since the quarter marking the end of the recession in 2009 II
thinkahol *

Employment and the Minimum Wage-Evidence from Recent State Labor Market Trends | Econom... - 0 views

www.epi.org/...briefingpapers_bp150

Employment and the Minimum Wage-Evidence from Recent State Labor Market Trends | Economic Policy Institute

shared by thinkahol * on 22 Sep 11 - No Cached
  • thinkahol * on 22 Sep 11
     
    Congress, a number of states, and even some cities will raise or consider raising minimum wages this year. Meanwhile, the economy is suffering what may prove to be the fourth consecutive year of a geographically widespread labor market slump, with most states facing uncertain economic situations. In this environment, the minimum wage becomes more important than ever, as a weaker labor market is unlikely to provide low-wage workers the bargaining power required to negotiate fair wages for their labor. Despite the necessity of a minimum wage that allows low-wage workers to meet basic needs, there is still strong opposition to minimum wage increases, especially from those who don't view the weak labor market as an imperative to raise minimum wages, but rather as a reason to oppose them. In particular, opponents of state-level minimum wage increases claim that these increases are the cause of weak labor markets, especially in the form of high unemployment rates. That argument, however, rests on the simplistic observation that some of the states with high minimum wages also have high unemployment rates. Without more examination, this observation is as useful in understanding state job markets as noting that joblessness has been on the rise in New York since the last time the Yankees won the World Series. It might be true, but it doesn't mean one is causing the other.
thinkahol *

Waiting for the Spark | Common Dreams - 0 views

www.commondreams.org/...19-4

Waiting for the Spark | Common Dreams

shared by thinkahol * on 20 Apr 11 - No Cached
  • thinkahol * on 20 Apr 11
     
    What could start a popular resurgence in this country against the abuses of concentrated, avaricious corporatism? Imagine the arrogance of passing on to already cheated working people and the jobless enormous corporate losses? This is achieved through government bailouts and tax escapes.
thinkahol *

House Bill Means Fewer Children in Head Start, Less Help for Students to Attend College... - 0 views

www.cbpp.org/...index.cfm

House Bill Means Fewer Children in Head Start Less Help for Students to Attend College Job Training and Funding Clean Water - Center on Budget Policy Priorities

shared by thinkahol * on 06 Apr 11 - No Cached
  • thinkahol * on 06 Apr 11
     
    Some 157,000 at-risk children up to age 5 could lose education, health, nutrition, and other services under Head Start, while funds for Pell Grants that help students go to college would fall by nearly 25 percent, under a bill passed by the House that would cut current-year non-security discretionary funding by an average of 14.3 percent.  The bill (H.R.1), which would fund the government for the rest of fiscal year 2011, now must be considered by the Senate. [1] H.R. 1 also would kill a program that helps low-income families weatherize their homes and permanently reduce their home energy bills, cut federal funds for employment and training services for jobless workers and for clean water and safe drinking water by more than half, and raise the risk that the WIC nutrition program may not be able to serve all eligible low-income women, infants, and children under age 5.  In addition, it would cut funds for the Centers for Disease Control and Prevention by 10 percent, for the Food and Drug Administration by 10 percent, and for the Food Safety and Inspection Service by 9 percent. The House bill does not apply its overall 14.3 percent cut on an across-the-board basis.  Some cuts, such as the 6.0 percent reduction in funding for House of Representatives staff salaries and expenses, would be smaller.  But many important programs, including some of the ones listed above, would be cut much more to make up the difference.  (The table on the next page shows the average size of the cut for programs within the jurisdiction of each subcommittee.) At the same time, H.R. 1 would increase overall funding for security programs (those funded by the Defense, Homeland Security, and Military Construction-Veterans Affairs appropriation bills) by a little less than 1 percent. Also, the 14.3 percent figure is a bit deceiving.  To achieve that level of overall cuts for non-security programs for the entirety of 2011, funding for those programs will have to fall on average by nearly one
thinkahol *

Payroll Tax Holiday Could Help Create Jobs - Economic View - NYTimes.com - 0 views

www.nytimes.com/...26view.html

Payroll Tax Holiday Could Help Create Jobs - Economic View NYTimes.com

shared by thinkahol * on 27 Jun 11 - No Cached
  • thinkahol * on 27 Jun 11
     
    It's important, yes, and must be addressed. But by a wide margin, it's not the nation's most pressing economic problem. That would be the widespread and persistent joblessness that has plagued the labor market since the Great Recession began in 2008. Almost 14 million people - 9.1 percent of the labor force - were officially counted as unemployed last month. But that's just the tip of the iceberg. There were almost 9 million part-time workers who wanted, but couldn't find, full-time jobs; 28 million in jobs they would have quit under normal conditions; and an additional 2.2 million who wanted work but couldn't find any and dropped out of the labor force. If the economy could generate jobs at the median wage for even half of these people, national income would grow by more than 10 times the total interest cost of the 2011 deficit (which was less than $40 billion). So anyone who says that reducing the deficit is more urgent than reducing unemployment is saying, in effect, that we should burn hundreds of billions of dollars worth of goods and services in a national bonfire. We ought to be tackling both problems at once. But in today's fractious political climate, many promising dual-purpose remedies - like infrastructure investments that would generate large and rapid returns - are called unthinkable, in the false belief that they would impoverish our grandchildren. Yet there are other ways to attack unemployment that could garner bipartisan support. Perhaps the most promising is a payroll tax holiday.
Skeptical Debunker

Op-Ed Columnist - Senator Bunning's Universe - NYTimes.com - 0 views

www.nytimes.com/...05krugman.html

Democrats Republicans unemployment Senate different universes

shared by Skeptical Debunker on 05 Mar 10 - Cached
  • During the debate over unemployment benefits, Senator Jeff Merkley, a Democrat of Oregon, made a plea for action on behalf of those in need. In response, Mr. Bunning blurted out an expletive. That was undignified — but not that different, in substance, from the position of leading Republicans.Consider, in particular, the position that Mr. Kyl has taken on a proposed bill that would extend unemployment benefits and health insurance subsidies for the jobless for the rest of the year. Republicans will block that bill, said Mr. Kyl, unless they get a “path forward fairly soon” on the estate tax. Now, the House has already passed a bill that, by exempting the assets of couples up to $7 million, would leave 99.75 percent of estates tax-free. But that doesn’t seem to be enough for Mr. Kyl; he’s willing to hold up desperately needed aid to the unemployed on behalf of the remaining 0.25 percent. That’s a very clear statement of priorities.So, as I said, the parties now live in different universes, both intellectually and morally. We can ask how that happened; there, too, the parties live in different worlds. Republicans would say that it’s because Democrats have moved sharply left: a Republican National Committee fund-raising plan acquired by Politico suggests motivating donors by promising to “save the country from trending toward socialism.” I’d say that it’s because Republicans have moved hard to the right, furiously rejecting ideas they used to support. Indeed, the Obama health care plan strongly resembles past G.O.P. plans. But again, I don’t live in their universe. More important, however, what are the implications of this total divergence in views?The answer, of course, is that bipartisanship is now a foolish dream. How can the parties agree on policy when they have utterly different visions of how the economy works, when one party feels for the unemployed, while the other weeps over affluent victims of the “death tax”?Which brings us to the central political issue right now: health care reform. If Congress enacts reform in the next few weeks — and the odds are growing that it will — it will do so without any Republican votes. Some people will decry this, insisting that President Obama should have tried harder to gain bipartisan support. But that isn’t going to happen, on health care or anything else, for years to come.Someday, somehow, we as a nation will once again find ourselves living on the same planet. But for now, we aren’t. And that’s just the way it is.
  • Skeptical Debunker on 05 Mar 10
     
    So the Bunning blockade is over. For days, Senator Jim Bunning of Kentucky exploited Senate rules to block a one-month extension of unemployment benefits. In the end, he gave in, although not soon enough to prevent an interruption of payments to around 100,000 workers.But while the blockade is over, its lessons remain. Some of those lessons involve the spectacular dysfunctionality of the Senate. What I want to focus on right now, however, is the incredible gap that has opened up between the parties. Today, Democrats and Republicans live in different universes, both intellectually and morally.
Bakari Chavanu

Socialism Today - Capitalism: costing the earth - 0 views

www.socialismtoday.org/...carbon.html

politics capitalism

shared by Bakari Chavanu on 16 Oct 09 - Cached
  • THE 2007 STATEMENT from the United Nation’s climate panel, the IPCC, that the average temperature on earth must not rise more than two degrees Celsius (3.6 degrees Fahrenheit) over pre-industrial levels or an incalculable disaster will take place, was a powerful reminder of the nature of the problem.
  • The main reason is that as the oceans warm up they lose the ability to absorb carbon dioxide. Another horrific truth is that there is more carbon beneath the permafrost of the polar regions than in the entire atmosphere. Experts say that if the emissions of carbon dioxide, sulphate and nitrogen dioxide continue as they are today, this bomb will explode within the next 100 years.
  • Does this mean that emissions are dropping? Not at all. So what does this trade mean in practice? An Oxford academic who studied the scheme, Adam Bumpus, concluded that "this regulation is ultimately there to facilitate the markets – it’s not about making cheap reductions, it’s about making a lot of money"
  • ...6 more annotations...
  • Therefore, so the theory goes, the buyer pays to emit greenhouse gases while the seller is rewarded for having reduced emissions by more than their quota. There is only one problem. It does not work like that.
  • The market always chooses the easiest means to save a given quantity of carbon in the short term, regardless of what action is needed for long-term reduction. The result is that the system reinforces technological lock-in. For instance, small cuts may often be achieved cheaply through making a technology a little bit more efficient, whereas larger cuts would require massive investments in new technology.
  • The problem with most of the established green organisations is that they seek mechanisms, such as emissions markets, green taxes, green laws or other technical fixes to the problem of polluting fat cats.
  • The carbon trade system is bad in itself. But the fact that governments or other capitalist controlled bodies allocated the emissions permits in the first place, the logic of the market meant that they handed out too many permits out of fear of being in a disadvantage with competing capitalist powers. Today, there are more permits in circulation than there is capacity to pump out greenhouse gases!
  • MANY CDMS ARE about dams. The push for mega-dams has been justified by both development banks and multinationals as being necessary for the development of Africa and to combat carbon emissions. While governments, such as the US, Britain and China, announce mighty plans to electrify Africa, and other ‘aid’ schemes, the companies set in action the Boot model – Build, Own, Operate and Transfer – emptying the rivers of Africa to feed the growing energy needs of Europe, etc. And it is a very lucrative business when they can earn more carbon emission credits in the process. Large dams provide electricity for multinational companies, water for mining, and irrigation for large-scale foreign-owned farms.
  • In a study of 50 dams in Africa, professor Thayer Scudder, formerly the leading resettlement consultant for the World Bank, found that landlessness affected 86% and joblessness 80% of the displaced people. Lack of food security impacted on 79% of the people displaced by these ‘green dams’.
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