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Ian Schlom

Obama nominates Jacob Lew, budget-cutter and ex-banker, to head Treasury - 0 views

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    in the article: US President Barack Obama announced the nomination of current White House chief of staff Jacob Lew as treasury secretary Thursday, underscoring the administration's commitment to slashing entitlements and its domination by Wall Street. Lew, a longtime Washington operative and former Wall Street executive, helped negotiate cuts to Social Security with the Reagan administration in 1983, worked to slash social spending in the Clinton administration's Office of Management and Budget (OMB), and served as the Obama administration's point-man in budget-cutting negotiations with congressional Republicans. Prior to joining the Obama administration in 2009, he earned millions of dollars as the chief operating officer of Citigroup's Alternative Investments unit, which made bets against the housing market as it collapsed. Holy shit. That's maybe all one needs to read of this article. That's pretty ridiculous.
sofarso Shawn

Security Council Thematic Debate - 0 views

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    Secretary General to be attending Thematic Debate in the Security Council entitled "Threats to international peace and security caused by terrorist acts"
rich hilts

Are You Letting Leftist Fear Stop Medicare & Soc Sec Reform? - 0 views

shared by rich hilts on 29 Jan 11 - No Cached
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    What is it with the left and their attempts to make sure that nothing the right does or says EVER gets any credit or viewing - we just wrote an article detailing the attacks on real viable cuts and now attacks on fixes for two entitlement programs don't get discussion, but fear. Comments please!
thinkahol *

United States v. Dougherty - Wikipedia, the free encyclopedia - 0 views

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    United States v. Dougherty was a 1972 decision by the United States Court of Appeals for the District of Columbia in which the court ruled that members of the D.C. Nine, who had broken into Dow Chemical Company, vandalized office furniture and equipment, and spilled about a bloodlike substance, were not entitled to a new trial on the basis of the judge's failing to allow a jury nullification jury instruction. The Appeals Court ruled, by a 2-1 vote: " The fact that there is widespread existence of the jury's prerogative, and approval of its existence as a "necessary counter to casehardened judges and arbitrary prosecutors," does not establish as an imperative that the jury must be informed by the judge of that power. On the contrary, it is pragmatically useful to structure instructions in such wise that the jury must feel strongly about the values involved in the case, so strongly that it must itself identify the case as establishing a call of high conscience, and must independently initiate and undertake an act in contravention of the established instructions. This requirement of independent jury conception confines the happening of the lawless jury to the occasional instance that does not violate, and viewed as an exception may even enhance, the over-all normative effect of the rule of law. An explicit instruction to a jury conveys an implied approval that runs the risk of degrading the legal structure requisite for true freedom, for an ordered liberty that protects against anarchy as well as tyranny. " Nonetheless, the defendants were given a new trial on the grounds that they had been denied their right of self-representation.[1] The Circuit Judges' assumption that jurors know about their nullification prerogative has since been brought into question by other empirical evidence.[2] According to Irwin Horowitz, "Beyond the empirical issue, lack of nullification instructions maintains a deceit. After all, juries can nullify, but they know this fact only on a so
Arabica Robusta

Building a civil economy | openDemocracy - 6 views

  • my argument is that humans are more relational, ‘gift-exchanging animals’ who are naturally disposed to cooperate for mutual benefit. In the following I will attempt to show how such an alternative anthropology can translate into a ‘civil economy’ and transformative policy ideas: rebuilding our economy and embedding welfare in communities.
  • In the wake of Marcel Mauss’ work on the gift, this model emerged as a legitimate way of rethinking economics: humans are naturally social animals with dispositions to cooperate in the quest for the common good in which all can partake.
  • Building on Polanyi and G. D. H. Cole’s guild socialism, one can suggest that an embedded model means that elected governments have the duty to create the civic space in which workers, businesses and communities can regulate economic activity and direct the ‘free flow’ of globally mobile capital to productive activities that benefit the many, not the few.
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  • At national and supranational levels, caps on interest rates would help curb the predations of creditors upon debtors. Linked to such limits on financial domination are new incentives and rewards for channelling capital in productive, human and social activities.
  • f the declared aim is to preserve the dignity of natural and human life, then all participants in the public realm have a duty to promote human relationships and associations that nurture the social bonds of trust and reciprocal help upon which both democracy and the economy rely.
  • Thus, the link between different actors and levels is a series of abstract, formal rights and entitlements or monetised, market relations (or again both at once). As such, welfare beneficiaries are reduced to merely passive recipients of a ‘one-size-fits-all’, top-down service. State paternalism and private contract delivery cost more to deliver less, and they lock people either into demoralising dependency on the central state or financially unaffordable dependency on outsourced, private contractors.
Skeptical Debunker

McCain Bill Making Medicare Untouchable Via Reconciliation Contradicts His Record - Yah... - 0 views

  • In a direct challenge to Democratic leadership, Sen. John McCain (R-Ariz.) introduced an amendment on Thursday night that would prohibit Congress from using reconciliation to make changes to Medicare. Framed as an effort to protect the sanctity of entitlement programs, McCain's measure would deprive Democrats of a stream of revenue for their health care bill. The party has targeted hundreds of billions of dollars in cuts and savings to the Medicare program that it would turn around and use to pay for other reforms. But for McCain to be the Republican face behind this effort is to distract, a bit, from its seriousness. The Senator has a fairly lengthy history of voting for reconciliation bills that do exactly what his current amendment prohibits: change Medicare. As pointed out by a Democratic source on the Hill, the Arizona Republican has voted for nine out of 13 reconciliation bills that have been offered during his time in the Senate. Of those nine, four included cuts to Medicare.
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    Republican politicians in general, John McCain in particular - hypocrites of the highest degree. Yes, most politicians sooner or later, one time or another display hypocritical tendencies. However, Republicans and John have taken it to new heights.
Sarah Eeee

Income Inequality and the 'Superstar Effect' - NYTimes.com - 0 views

  • In 1982, the top 1 percent of pop stars, in terms of pay, raked in 26 percent of concert ticket revenue. In 2003, that top percentage of stars — names like Justin Timberlake, Christina Aguilera or 50 Cent — was taking 56 percent of the concert pie.
  • . In an article entitled “The Economics of Superstars,” he argued that technological changes would allow the best performers in a given field to serve a bigger market and thus reap a greater share of its revenue. But this would also reduce the spoils available to the less gifted in the business.
  • IF one loosens slightly the role played by technological progress, Dr. Rosen’s framework also does a pretty good job explaining the evolution of executive pay. In 1977, an elite chief executive working at one of America’s top 100 companies earned about 50 times the wage of its average worker. Three decades later, the nation’s best-paid C.E.O.’s made about 1,100 times the pay of a worker on the production line.
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  • CAPITALISM relies on inequality. Like differences in other prices, pay disparities steer resources — in this case, people — to where they would be most productively employed.
  • In poor economies, fast economic growth increases inequality as some workers profit from new opportunities and others do not. The share of national income accruing to the top 1 percent of the Chinese population more than doubled from 1986 to 2003.
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    What impact do the incredible salaries of superstars have on the rest of us? What has changed, technologically and socially, to precipitate these inequities? This article also offers a brief look at the relationship between income inequality and economic growth, comparing the US throughout its history and the US vis a vis several European countries. (Part 1 of 2)
thinkahol *

I Remember America | Truthout - 0 views

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    Ac­cord­ing to the Wall Street Journ­al: In a speech Wed­nesday, Mr. Obama will pro­pose cuts to en­tit­le­ment pro­grams, in­clud­ing Medicare and Medicaid, and chan­ges to Soci­al Secur­ity, a dis­cuss­ion he has lar­ge­ly left to De­moc­rats and Re­pub­licans in Con­gress. He also will call for tax in­creases for peo­ple mak­ing over $250,000 a year, a pro­pos­al con­tained in his 2012 bud­get, and chang­ing parts of the tax code he thinks be­nefit the wealthy. Until now, Mr. Obama has been lar­ge­ly ab­sent from the rag­ing de­bate over the long-term de­ficit. The White House has done lit­tle with the re­com­menda­tions of its own bi­par­tisan de­ficit com­miss­ion. And Mr. Obama's 2012 bud­get didn't offer many new ideas for tackl­ing en­tit­le­ment spend­ing, among the bi­ggest long-term drains on the feder­al bud­get. The White House move caught De­moc­rats in Con­gress off guard, ac­cord­ing to aides, and de­tails of the pre­sident's pro­pos­als were sketchy. Mr. Plouf­fe said the pre­sident will name a dol­lar amount for de­ficit re­duc­tion, al­though the White House would­n't pro­vide specifics. In­troduc­ing taxes into the dis­cuss­ion has the poten­ti­al to com­plicate the re­solu­tion of com­ing bud­get fights, specifical­ly the need to raise the debt ceil­ing, a move needed to pre­vent the U.S. de­fault­ing on its debt.
Bakari Chavanu

Bernie Sanders Flirted With 100% Marginal Tax on the Rich, Maximum Wage - Bloomberg Pol... - 0 views

  • “No. That's not 90 percent of your income, you know? That's the marginal.”
    • Bakari Chavanu
       
      Marginal tax is simply the amount of tax paid on an additional dollar of income. As income rises, so does the tax rate. This is different than a flat tax rate where you pay the same rate of tax no matter what your income level is.
  • Sanders is described as wanting to “make it illegal to amass more wealth than a human family could use in a lifetime.” He would do that, the article said, with “a 100 percent tax on incomes above this level ($ one million per year)” and “would recycle this money for the public need.”
  • he still had the issue on his mind while serving in the House in 1992, entering into the Congressional Record a Los Angeles Times op-ed written by Sam Pizzigati, the author of The Maximum Wage. In that piece, Pizzigati details President Franklin Delano Roosevelt’s proposal for a “100% war supertax,”
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  • Pizzigati noted that there’s been momentum in recent years to cap executive salaries and bonuses but that “Sanders saw the importance of thinking about that much earlier than everybody else.”
  • Benjamin Spock, who advocated capping incomes and inheritances. Spock believed that “not only should every family of four receive a minimum income of $6,500 annually but the wealthy should be entitled to a maximum income of $50,000 and a minimum annual inheritance of $55,000,” according to a Burlington Free Press article from September of that year.
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