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thinkahol *

Robert Reich (The Root of Economic Fragility and Political Anger) - 0 views

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    Missing from almost all discussion of America's dizzying rate of unemployment is the brute fact that hourly wages of people with jobs have been dropping, adjusted for inflation. Average weekly earnings rose a bit this spring only because the typical worker put in more hours, but June's decline in average hours pushed weekly paychecks down at an annualized rate of 4.5 percent.
thinkahol *

Why Obama Isn't Fighting the Budget Battle - 0 views

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    In the next week the action moves from Wisconsin to Washington, where the deadline looms for a possible government shutdown over the federal budget. President Obama has to take a more direct and personal role in that budget battle - both for the economy's sake and for the sake of his re-election. But will he? Don't count on it. Worried congressional Democrats say the President needs to use his bully pulpit to counter defections in Democatic ranks, such as the ten Democrats and one allied Independent who on Wednesday voted against a Senate leadership plan to cut $6.2 billion from the federal budget over the rest of fiscal year 2011. They want Obama to grab the initiative and push a plan to eliminate tax breaks for oil companies and for companies that move manufacturing facilities out of the country, and a proposal for a surtax on millionaires. Most importantly, they're worried the President's absence from the debate will result in Republicans winning large budget cuts for the remainder of the fiscal year - large enough to imperil the fragile recovery. But Obama won't actively fight the budget battle if the current White House view of how he wins in 2012 continues to prevail. Shortly after the Democrats' "shellacking" last November, I phoned a friend in the White House who had served in the Clinton administration. "It's 1994 all over again," he said. "Now we move to the center."
thinkahol *

Chris Hedges: This Time We're Taking the Whole Planet With Us - Chris Hedges' Columns -... - 0 views

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    Civilizations rise, decay and die. Time, as the ancient Greeks argued, for individuals and for states is cyclical. As societies become more complex they become inevitably more precarious. They become increasingly vulnerable. And as they begin to break down there is a strange retreat by a terrified and confused population from reality, an inability to acknowledge the self-evident fragility and impending collapse. The elites at the end speak in phrases and jargon that do not correlate to reality. They retreat into isolated compounds, whether at the court at Versailles, the Forbidden City or modern palatial estates. The elites indulge in unchecked hedonism, the accumulation of vaster wealth and extravagant consumption. They are deaf to the suffering of the masses who are repressed with greater and greater ferocity. Resources are more ruthlessly depleted until they are exhausted. And then the hollowed-out edifice collapses. The Roman and Sumerian empires fell this way. The Mayan elites, after clearing their forests and polluting their streams with silt and acids, retreated backward into primitivism. As food and water shortages expand across the globe, as mounting poverty and misery trigger street protests in the Middle East, Africa and Europe, the elites do what all elites do. They launch more wars, build grander monuments to themselves, plunge their nations deeper into debt, and as it all unravels they take it out on the backs of workers and the poor. The collapse of the global economy, which wiped out a staggering $40 trillion in wealth, was caused when our elites, after destroying our manufacturing base, sold massive quantities of fraudulent mortgage-backed securities to pension funds, small investors, banks, universities, state and foreign governments and shareholders. The elites, to cover the losses, then looted the public treasury to begin the speculation over again. They also, in the name of austerity, began dismantling basic social services, set out to break th
thinkahol *

"Shut down" your pay first! | LeftAction - 0 views

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    For months, Speaker John Boehner and his fellow Republicans have been threatening a government shutdown.   They've been unwilling to compromise, instead choosing to follow the shrill, irrational calls of their base to take a slash and burn approach to government funding, regardless of the consequences.  They've ignored the havoc such a shutdown would wreak upon our still fragile economy, and the hardships it would cause for millions of Americans, including the poor and the elderly.  The most unbelievable thing of all?  In their version of a shutdown... Congress would still get paid.  We're not kidding.  It's taking hypocrisy to an 11. That's why we're making a simple request to Speaker Boehner: "Speaker Boehner, if you and the Republicans in Congress really are foolish enough to threaten a government shut-down, then put your money where your mouth is, pass Senate bill 388, and make your members give up their own government salary too!"
Peter Dearman

MIDEAST: Environment Emerges as a Major Casualty - 0 views

  • A ban on materials required for their maintenance, including cement, steel and pipes, left them in a state of disrepair.
  • Israeli bombs hit the already fragile sewage and water treatment systems, causing drinking water and raw sewage to mix across some of the most populated areas of Gaza.
  • Tank shells hit the strip's largest wastewater plant in the Sheikh Aljeen area of Gaza City, sending sewage cascading directly into neighbourhoods, farms and into the sea.
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    Countless fruit groves across the Gaza Strip are now gone, entire farms bulldozed. The remains of thousands of destroyed homes emit toxic asbestos, while dilapidated infrastructure dumps raw sewage into the Mediterranean Sea. An already deepening environmental crisis in the besieged Gaza Strip has been further compounded by the recent war.
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    Gaza is a Kafkaesque situation that makes a joke out of rational geopolitical discussion.
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