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thinkahol *

The global crisis of institutional legitimacy | Felix Salmon - 0 views

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    When Perry accuses Ben Bernanke of treachery and treason, his violent rhetoric ("we would treat him pretty ugly down in Texas") is scary in itself. But we shouldn't let that obscure Perry's substantive message - that neither Bernanke nor the Fed really deserve to exist, to control the US money supply, and to work towards a dual mandate of price stability and full employment. For the first time in living memory, someone with a non-negligible chance of winning the US presidency is arguing not over who should head the Fed, but whether the Fed should even exist in the first place. Looked at against this backdrop, the recent volatility in the stock market, not to mention the downgrade of the US from triple-A status, makes perfect sense. Global corporations are actually weirdly absent from the list of institutions in which the public has lost its trust, but the way in which they've quietly grown their earnings back above pre-crisis levels has definitely not been ratified by broad-based economic recovery, and therefore feels rather unsustainable. Meanwhile, the USA itself has undoubtedly been weakened by a shrinking tax base, a soaring national debt, a stretched military, and a legislature which has consistently demonstrated an inability to tackle the great tasks asked of it. It looks increasingly as though we're entering Phase 2 of the global crisis, with 2008-9 merely acting as the appetizer. In Phase 1, national and super-national treasuries and central banks managed to come to the rescue and stave off catastrophe. But in doing so, they weakened themselves to the point at which they're unable to rise to the occasion this time round. Our hearts want government to come through and save the economy. But our heads know that it's not going to happen. And that failure, in turn, is only going to further weaken institutional legitimacy across the US and the world. It's a vicious cycle, and I can't see how we're going to break out of it.
thinkahol *

Dailymotion - GasLand 1 - une vidéo Life & Style - 0 views

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    In May 2008, Josh Fox received a letter from a natural gas company offering to lease his family's land in Milanville, Pennsylvania for $100,000 to drill for gas.[1]Following the lease offer, he looked for information about natural gas drilling in the Marcellus Shale under large parts of Pennsylvania, New York, Ohio and West Virginia. He visited Dimock, Pennsylvania where natural gas drilling was already taking place. In Dimock, he met families able to light their tap water on fire as well as suffering from numerous health issues and fearing their well water had been contaminated.Fox then set out to see how communities are being affected in the west where a natural gas drilling boom has been underway for the last decade. He spent time with citizens in their homes and on their land as they relayed their stories of natural gas drilling in Colorado, Wyoming, Utah and Texas, among others. He spoke with residents who have experienced a variety of chronic health problems as well as contamination of their air, water wells or surface water. In some instances, the residents are reporting that they obtained a court injunction or settlement monies from gas companies to replace the affected water supplies with potable water or water purification kits.[2]Throughout the documentary, Fox reached out to scientists, politicians and gas industry executives and ultimately found himself in the halls of Congress as a subcommittee was discussing the Fracturing Responsibility and Awareness of Chemicals Act, "a bill to amend the Safe Drinking Water Act to repeal a certain exemption for hydraulic fracturing."[3] Hydraulic fracturing was exempted from the Safe Drinking Water Act in the Energy Policy Act of 2005.[4]Making appearances in the film are Dr. Theo Colborn, founder of the Endocrine Disruption Exchange (TEDX); John Hanger, Secretary of the Pennsylvania Department of Environmental Protection (DEP); Dr. Al Armendariz, Environmental Protection Agency (EPA) Administrator for Region 6; W
Michael Hughes

Palestinian-American employs comedy and gravity to analyze crisis in the Middle East - 0 views

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    As a Palestinian-American, award-winning journalist Ray Hanania has had a unique and rare life experience growing up on the Southwest Side of Chicago, which is dominated by Irish, Polish, and Italian working class, where many people think that every Arab is a potential terrorist. But what is even more interesting about Mr. Hanania is the fact that he is married to a Jew.
Michael Hughes

Ahmadinejad can't hide Lyin' Eyes - but does it really matter? - 0 views

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    Although incumbent President Mahmoud Ahmadinejad may have benefitted from corruption in his supposed electoral rout of Mir-Hossein Mousavi, there is no guarantee that Mousavi would have won, a concept that has not taken root. And even if Mousavi did win, who cares? Reason being, it wouldn't make much difference to the United States.
thinkahol *

President Obama, Stand Up to the U.S. Chamber and Fight for Disclosure - 0 views

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    "We will fight it through all available means […] To quote what they say every day on Libya, all options are on the table." That's what the chief lobbyist for the U.S. Chamber of Commerce told the New York Times after hearing the White House may issue an executive order requiring corporations that do business with the government to disclose their political spending. The Chamber's pledge to fight tooth and nail to keep the American people in the dark about conflicts of interest in government is appalling, but not surprising. If corporations and their executives are spending on politicians in an effort to "win" government contracts, the American people should know.  Urge President Obama to stand up to the U.S. Chamber and fight for disclosure. Sign the petition today!
thinkahol *

The Argentine Model - Truthdig - 0 views

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    While politicians from Athens to Washington are pushing through devastating austerity programs, Argentines voted in droves Sunday to re-elect their populist, welfare queen of a president, Cristina Fernandez de Kirchner. Fernandez is the widow of Nestor Kirchner, who died a year ago after winning the award for world's best husband (Nestor decided not to run for re-election so that his wife could take a turn). But before he left office, Nestor Kirchner infuriated global elites by defaulting on Argentina's $95 billion foreign debt. Greece, facing an external debt load five to six times that amount, has decided instead to severely cut back on public spending while it works with other governments to address its debt crisis. Argentina, on the other hand, pumped money into subsidies and social programs. And while the rest of the world has been circling the drain, financially speaking, Argentina's economy has been booming, with GDP growing last year by more than 9 percent. There are a lot of learned fellows who don't approve of the economic policies of Nestor and Cristina Kirchner, but the undisputed result in the short term is a thriving economy and a landslide re-election.  −PZS
thinkahol *

Cautiously, Libertarians Reach Out to Occupy Wall Street - Conor Friedersdorf - Politic... - 0 views

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    As conservatives bash the left-leaning populist protesters, Larry Lessig and Gary Johnson are trying to win them over. Is 'liberaltarianism' alive? 
thinkahol *

KBR: Kickbacks, Bribes, Ripoffs & War Racketeering - 0 views

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    Why KBR continues to be awarded huge open-ended, cost-plus, no-compete contracts from the Pentagon is a question worthy of a criminal investigation, because their track record as a military contractor suggests that "KBR" is actually short for "Kickbacks, Bribes & Ripoffs".  According to the POGO Federal Contractor Misconduct Database, since 1995 the company has been involved in not less than 23 documented cases of misconduct including but not limited to Overcharging the Government, Violation of Anti-Kickback Act, Excessive Subcontract Costs, Fraud and Accepting Kickbacks, Exposing Troops to Hazardous Water Conditions, Bribery to Win International Government Contracts, Overpricing Fuel, Breach of Contract, Hurricane Relief Contract Overcharges, Sexual Assault, Freight Forwarding Kickbacks, Procurement Irregularities, and Conspiracy to Defraud the Government.  For this KBR has paid millions in fines, which it surely considers a small price to pay for the billions it continues to receive in new federal contracts every year:
thinkahol *

David Graeber: On Playing By The Rules - The Strange Success Of #OccupyWallSt... - 0 views

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    Just a few months ago, I wrote a piece for Adbusters that started with a conversation I'd had with an Egyptian activist friend named Dina: All these years," she said, "we've been organizing marches, rallies… And if only 45 people show up, you're depressed, if you get 300, you're happy. Then one day, 200,000 people show up. And you're incredulous: on some level, even though you didn't realize it, you'd given up thinking that you could actually win. As the Occupy Wall Street movement spreads across America, and even the world, I am suddenly beginning to understand a little of how she felt.
S D

How To Win A Local Election When You Have No Money - 1 views

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    The fact is, if you raise and spend less money than your opponent, you are much more likely to lose your election.
Arabica Robusta

Bulgaria in limbo | openDemocracy - 0 views

  • The good news is that the general election on 5 October 2014 did not, as some had feared, enthrone a populist strongman in the mould of Hungary's Viktor Orbán, Turkey's Recep Tayyip Erdoğan, or Serbia’s Aleksandar Vučić. The centre-right GERB (“Citizens for European Development of Bulgaria”) headed by Boyko Borisov, a former bodyguard and police chief known for his macho persona and folksy ways, scored a victory, sweeping about one-third of the votes cast and humiliating its principal rival, the Bulgarian Socialist Party (BSP), which trailed far behind with a paltry 15.4%. But proportional representation soured the feat: GERB saw its caucus shrink from 97 to 84 members of parliament. As a result Borisov has no choice but to share power with others in any new cabinet.  The bad news is that Bulgaria got a fragmented legislature, which bodes ill for the government that will follow, whatever its composition.
Arabica Robusta

Keane Bhatt, "Noam Chomsky on Hopes and Prospects for Activism: 'We Can Achieve a Lot'" - 1 views

  • I think he would take it for granted that elites are basically Marxist -- they believe in class analysis, they believe in class struggle, and in a really business-run society like the United States, the business elites are deeply committed to class struggle and are engaged in it all the time.  And they understand.  They're instinctive Marxists; they don't have to read it.
  • In fact, Malaysia also came out of the Asian crisis.  It was imposing capital controls.  Now the economists were all saying it's a disaster.  But they did quite well.  Same with Argentina, the former poster child for the IMF, leading to a serious crisis.  It then disregarded all the warnings and doctrines and the economy did very well, contrary to predictions.
  • using the multidimensional poverty index, there were 645 million poor, or 55 percent of India's population -- more than in the poorest 26 African countries combined. 
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  • there is sometimes dramatic conflict between the developmentalists, like left president Correa, and the indigenous communities affected by mining and dams.  Also, Evo Morales, despite being hugely popular, recently had to deal with a very big general strike in Potosí.  What do you make of these dynamics?  What are the hopes and prospects in Latin America regarding raising living standards, the paths of industrialization, environmental considerations, the role of social movements, and avoiding state coercion?
  • I don't know of any simple general answer to your question of how this will all turn out.  The problems are often not simple.  A great deal is at stake, not just for the people of the countries.  Resource extraction impacts a global environment that is increasingly at severe risk.
  • You said, "It's quite striking that we and other western countries can't reach, can't even approach, can't even dream about the level of democracy they had in Haiti.  That's pretty shocking.  Here's one of the poorest countries in the world.  The population that organized to win that election is among the most repressed and impoverished in the world; they managed to organize enough to enter the electoral arena without any resources and elect their own candidate."  Praising Bolivia at the same time, you asked, "Is it believable that we can't do the same? . . . We can take lessons from them.  Anything they've done we can do a thousand times more easily."
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    The founding fathers were very concerned about the danger of democracy and spoke quite openly about the need to construct the democratic institutions so that threat would be contained.  That's why the Senate has so much more power than the House, to mention just one example.
Levy Rivers

Charles Krauthammer - Palin's Problem - washingtonpost.com - 0 views

  • It's clear that McCain picked her because he had decided that he needed a game-changer. But why? He'd closed the gap in the polls with Obama. True, that had more to do with Obama sagging than McCain gaining. But what's the difference? You win either way.
  • So why did McCain do it? He figured it's a Democratic year. The Republican brand is deeply tarnished. The opposition is running on "change" in a change election. So McCain gambled that he could steal the change issue for himself -- a crazy brave, characteristically reckless, inconceivably difficult maneuver -- by picking an authentically independent, tough-minded reformer. With Palin, he doubles down on change
  • The gamble is enormous. In a stroke, McCain gratuitously forfeited his most powerful argument against Obama. And this was even before Palin's inevitable liabilities began to pile up -- inevitable because any previously unvetted neophyte has "issues." The kid. The state trooper investigation. And worst, the paucity of any Palin record or expressed conviction on the major issues of our time.
Levy Rivers

Mark Green: 7 Days in America: Will McCain Put Reputation First at Wednesday's Debate? ... - 0 views

  • I understand how ambition can warp judgment. But your recent personal attacks on Barack Obama are so beyond the pale for presidential politics that you now face a fateful choice by the Wednesday debate -- will you pull back from the abyss of sleazy slander or risk losing not only the election but also your reputation and honor?
  • First, it's wrong and you shouldn't engage in such self-immolating behavior. Second, it's backfiring -- since polls show the gap widening since voters care a lot more about their jobs and 401(k)'s than Bill Ayres. Third, while a loss is a loss, for down-ticket Republicans, an Obama win by 10 points rather than by 4 points can be the difference between 56 and 60 seats in the Senate, between 245 House seats and 260 House seats.
Skeptical Debunker

Robert Reich: It's Time to Enact Health Care Reform With 51 Senate Votes - 0 views

  • Why haven't the President and Senate Democrats pulled the reconciliation trigger before now? I haven't spoken directly with the President or with Harry Reid but I've spent the last several weeks sounding out contacts on the Hill and in the White House to find an answer. Here are the theories. None of them justifies waiting any longer. Reconciliation is too extreme a measure to use on a piece of legislation so important. I hear this a lot but it's bunk. George W. Bush used reconciliation to enact his giant tax cut bill in 2003 (he garnered only 50 votes for it in the Senate, forcing Vice President Cheney to cast the deciding vote). Six years before that, Bill Clinton rounded up 51 votes to enact the Children's Health Insurance Program (CHIP), the largest expansion of taxpayer-funded health insurance coverage for children in the U.S. since Medicaid began in the 1960s. Through reconciliation, we also got Medicare Advantage. Also through reconciliation came the COBRA act, which gives Americans a bit of healthcare protection after they lose a job ("reconciliaton is the "R" in the COBRA acronym.) These were all big, important pieces of legislation, and all were enacted by 51 votes in the Senate. Use of reconciliation would infuriate Senate Republicans. It may. So what? They haven't given Obama a single vote on any major issue since he first began wining and dining them at the White House. In fact, Senate Minority Leader Mitch McConnell and company have been doing everything in their power to undermine the President. They're using the same playbook Republicans used in the first two years of the Clinton administration, hoping to discredit the President and score large victories in the midterm elections by burying his biggest legislative initiative. Indeed, Obama could credibly argue that Senate Republicans have altered the rules of the Senate by demanding 60 votes on almost every initiative - a far more extensive use of the filibuster than at any time in modern history - so it's only right that he, the President, now resort to reconciliation. Obama needs Republican votes on military policy so he doesn't dare antagonize them on health care. I hear this from some quarters but I don't buy it. While it's true that Dems are skeptical of Obama's escalation of the war in Afghanistan and that Republicans are his major backers, it seems doubtful R's would withdraw their support if the President forced their hand on health care. Foreign policy is the one area where Republicans have offered a halfway consistent (and always bellicose) voice, and Dick Cheney et al would excoriate them if they failed to back a strong military presence in the Middle East. This is truer now than ever. Reid fears he can't even get 51 votes in the Senate now, after Scott Brown's win. Reid counts noses better than I do, but if Senate Democrats can't come up with even 51 votes for the health care reforms they enacted weeks ago they give new definition to the term "spineless." Besides, if this is the case, Obama ought to be banging Senate heads together. A president has huge bargaining leverage because he presides over an almost infinite list of future deals. Lyndon Johnson wasn't afraid to use his power to the fullest to get Medicare enacted. If Obama can't get 51 Senate votes out of 58 or 59 Dems and Independents, he definitely won't be able to get 51 Senate votes after November. Inevitably, the Senate will lose some Democrats. Now's his last opportunity. House and Senate Democrats are telling Obama they don't want to take another vote on health care or even enact it before November's midterms because they're afraid it will jeopardize their chances of being reelected and may threaten their control over the House and Senate. I hear this repeatedly but if it's true Republicans have done a far better job scaring Americans about health care reform than any pollster has been able to uncover. Most polls still show a majority of Americans still in favor of the basic tenets of reform - expanded coverage, regulations barring insurers from refusing coverage because of someone's preexisting conditions and preventing insurers from kicking someone off the rolls because they get sick, requirements that employers provide coverage or pay into a common pool, and so on. And now that many private insurers are hiking up premiums, co-pays, and deductibles, the public is even readier to embrace reform.
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    This week the president is hosting a bipartisan gab-fest at the White House to try to tease out some Republican votes for health care reform. It's a total waste of time. If Obama thinks he's going to get a single Republican vote at this stage of the game, he's fooling himself (or the American people). Many months ago, you may recall, the White House and Democratic party leaders in the Senate threatened to pass health care with 51 votes -- using a process called "reconciliation" that allows tax and spending bills to be enacted without filibuster -- unless Republicans came on board. It's time to pull the trigger.
Skeptical Debunker

Les Leopold: Why are We Afraid to Create the Jobs We Need? - 0 views

  • 1. The private sector will create enough jobs, if the government gets out of the way. Possibly, but when? Right now more than 2.7 percent of our entire population has been unemployed for more than 26 weeks -- an all time-record since the government began compiling that data in 1948. No one is predicting that the private sector is about to go on a hiring spree. In fact, many analysts think it'll take more than a decade for the labor market to fully recover. You can't tell the unemployed to wait ten years. Counting on a private sector market miracle is an exercise in faith-based economics. There simply is no evidence that the private sector can create on its own the colossal number of jobs we need. If we wanted to go down to a real unemployment rate of 5% ("full employment"), we'd have to create about 22.4 million jobs. (See Leo Hindery's excellent accounting.) We'd need over 100,000 new jobs every month just to keep up with population growth. It's not fair to the unemployed to pray for private sector jobs that might never come through. 2. We can't afford it. Funding public sector jobs will explode the deficit and the country will go broke: This argument always makes intuitive sense because most of us think of the federal budget as a giant version of our household budget - we've got to balance the books, right? I'd suggest we leave that analogy behind. Governments just don't work the same way as families do. We have to look at the hard realities of unemployment, taxes and deficits. For instance, every unemployed worker is someone who is not paying taxes. If we're not collecting taxes from the unemployed, then we've got to collect more taxes from everyone who is working. Either that, or we have to cut back on services. If we go with option one and raise taxes on middle and low income earners, they'll have less money to spend on goods and services. When demand goes down, businesses contract--meaning layoffs in the private sector. But if we go with option two and cut government services, we'll have to lay off public sector workers. Now we won't be collecting their taxes, and the downward cycle continues. Plus, we don't get the services. Or, we could spend the money to create the jobs and just let the deficit rise a bit more. The very thought makes politicians and the public weak in the knees. But in fact this would start a virtuous cycle that would eventually reduce the deficit: Our newly reemployed people start paying taxes again. And with their increased income, they start buying more goods and services. This new demand leads to more hiring in the private sector. These freshly hired private sector workers start paying taxes too. The federal budget swells with new revenue, and the deficit drops. But let's say you just can't stomach letting the deficit rise right now. You think the government is really out of money--or maybe you hate deficits in principle. There's an easy solution to your problem. Place a windfall profits tax on Wall Street bonuses. Impose a steep tax on people collecting $3 million or more. (Another way to do it is to tax the financial transactions involved in speculative investments by Wall Street and the super-rich.) After all, those fat bonuses are unearned: The entire financial sector is still being bankrolled by the taxpayers, who just doled out $10 trillion (not billion) in loans and guarantees. Besides, taxing the super-rich doesn't put a dent in demand for goods and services the way taxing other people does. The rich can only buy so much. The rest goes into investment, much of it speculative. So a tax on the super rich reduces demand for the very casino type investments that got us into this mess.
  • 3. Private sector jobs are better that public sector jobs. Why is that? There is a widely shared perception that having a public job is like being on the dole, while having a private sector job is righteous. Maybe people sense that in the private sector you are competing to sell your goods and services in the rough and tumble of the marketplace--and so you must be producing items that buyers want and need. Government jobs are shielded from market forces. But think about some of our greatest public employment efforts. Was there anything wrong with the government workers at NASA who landed us on the moon? Or with the public sector workers in the Manhattan project charged with winning World War II? Are teachers at public universities somehow less worthy than those in private universities? Let's be honest: a good job is one that contributes to the well-being of society and that provides a fair wage and benefits. During an employment crisis, those jobs might best come directly from federal employment or indirectly through federal contracts and grants to state governments. This myth also includes the notion that the private sector is more efficient than the public sector. Sometimes it is, but mostly it isn't. Take health care, which accounts for nearly 17 percent of our entire economy. Medicare is a relative model of efficiency, with much lower administrative costs than private health insurers. The average private insurance company worker is far less productive and efficient than an equivalent federal employee working for Medicare. (See study by Himmelstein, Woolhandler and Wolfe) 4. Big government suffocates our freedom. The smaller the central government, the better -- period, the end. This is the hardest argument to refute because it is about ideology not facts. Simply put, many Americans believe that the federal government is bad by definition. Some don't like any government at all. Others think power should reside mostly with state governments. This idea goes all the way back to the anti-federalists led by Thomas Jefferson, who feared that yeomen farmers would be ruled (and feasted upon) by far-away economic elites who controlled the nation's money and wealth. In modern times this has turned into a fear of a totalitarian state with the power to tell us what to do and even deny us our most basic liberties. A government that creates millions of jobs could be seen as a government that's taking over the economy (like taking over GM). It just gets bigger and more intrusive. And more corrupt and pork-ridden. (There's no denying we've got some federal corruption, but again the private sector is hardly immune to the problem. In fact, it lobbies for the pork each and every day.) It's probably impossible to convince anyone who hates big government to change their minds. But we need to consider what state governments can and cannot do to create jobs. Basically, their hands are tied precisely because they are not permitted by our federal constitution to run up debt. So when tax revenues plunge (as they still are doing) states have to cut back services and/or increase taxes. In effect, the states act as anti-stimulus programs. They are laying off workers and will continue to do so until either the private sector or the federal government creates many more jobs. Unlike the feds, states are in no position to regulate Wall Street. They're not big enough, not strong enough and can easily be played off against each other. While many fear big government, I fear high unemployment even more. That's because the Petri dish for real totalitarianism is high unemployment -- not the relatively benign big government we've experienced in America. When people don't have jobs and see no prospect for finding them, they get desperate -- maybe desperate enough to follow leaders who whip up hatred and trample on people's rights in their quest for power. Violent oppression of minority groups often flows from high unemployment. So does war. No thanks. I'll take a government that puts people to work even if it has to hire 10 million more workers itself. We don't have to sacrifice freedom to put people to work. We just have to muster the will to hire them.
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    Unemployment is the scourge of our nation. It causes death and disease. It eats away at family life. It erodes our sense of confidence and well being. And it's a profound insult to the richest country on Earth. Yet it takes a minor miracle for the Senate just to extend our paltry unemployment benefits and COBRA health insurance premium subsidies for a month. Workers are waiting for real jobs, but our government no longer has the will to create them. How can we allow millions to go without work while Wall Street bankers--the ones who caused people to lose their jobs in the first place-- "earn" record bonuses? Why are we putting up with this? It's not rocket science to create decent and useful jobs, (although it does go beyond the current cranial capacity of the U.S. Senate). It's obvious that we desperately need to repair our infrastructure, increase our energy efficiency, generate more renewable energy, and invest in educating our young. We need millions of new workers to do all this work--right now. Our government has all the money and power (and yes, borrowing capacity) it needs to hire these workers directly or fund contractors and state governments to hire them. Either way, workers would get the jobs, and we would get safer bridges and roads, a greener environment, better schools, and a brighter future all around. So what are we waiting for?
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