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avivajazz  jazzaviva

Obama marks crisis by urging Wall Street to act before Congress | TheHill.com - 0 views

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    "You don't have to wait to use plain language in your dealings with consumers. You don't have to wait to put the 2009 bonuses of your senior executives up for a shareholder vote," Obama said. "You don't have to wait for a law to overhaul your pay system so that folks are rewarded for long-term performance instead of short-term gains."
avivajazz  jazzaviva

Enlightened Economics: There Is an Alternative - 0 views

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    Both Republicans and Democrats have been explaining that "There Is No Alternative," we need public policies promoting austerity because government is "out of money." The question seems to be not "do we need austerity?" but "will we be austere sooner or austere later?" Meanwhile, the bipartisan consensus is that the government is definitely out of money. But these assertions are at odds with the common knowledge that the U.S. government literally creates its own money. Unlike the euro, the dollar is a sovereign, fiat currency, unconstrained by exchange rates or treaties. And since Nixon closed the gold window, government can issue dollars without waiting for gold or silver mines to provide any backing for them. So we can't possibly be "out of money," any more than the Bureau of Weights and Measures can be "out of inches."
avivajazz  jazzaviva

Shake your fists, then get real | @Karoli on the "death" of healthcare reform, and my r... - 0 views

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    Lots of good points, @Karoli; much to meditate on. Would love clarification on the following comment, though: "Can anyone familiar with history point to any time where a bill has made it this far, been pulled back by proponents, and lived as a stronger version of itself?" How is it a "stronger version of itself?" I don't follow Congressional maneuvers with the same background knowledge or attention to detail that you do; I'm probably missing some key information that would clarify your meaning. Really like your myth-busting data. It's refreshing to see a recap of details that can easily escape us. In some cases, your data gives me a point of departure for further research, so I can come to my own conclusions. Without your article, sorting out the key questions to investigate would be much harder for me. Also, I agree that waiting for a better bill, with so many "people hanging by a thread," is a luxury that only the well-heeled can afford. For many legislators, insulated from financial woes, much of this healthcare debate is about anything and everything except healthcare reform. All that said, I'm obviously an idealist who yearns for global, systemic change. I would want to change the fundamental nature of dance competition's culture, if my daughter were involved. It would be hard for me to keep my eye on the pragmatic truths: deep, systemic change of any cultural institution (socioeconomic, sociocultural, or sociopolitical) is a project for centuries, for eons. It's evolutionary. For today, how does your daughter keep following her passion in a system that's unfair? For today, how do we facilitate efforts to get as many health insurance benefits for the most people in a system that's unjust? I'm not sure I entirely buy your solution―but overall, it's a hell of a lot more practical than the one I was about to employ: sinking into helplessness, hopelessness, and depression... In fact, it's a hell of a lot more idealistic than sinking into despair, too! I fe
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