Tag: featured

It’s the democracy, stupid!

Before discussing the surprising and constructive final chapter of Robert Reich’s “After Shock”, it is appropriate to supplement earlier reports on Barry Lynn’s “Cornered”, Tony Judt’s “Ill Fares the Land”, Joseph Stiglitz “Freefall”, David Johnston “Free Lunch”, Martin Jacques “When China Rules the world” with some excerpts from Jacob Hacker and Paul Pierson’s “Winner-Take-All Politics.”

NEWSMAX

An article “Schwarzenegger: Being Governor Cost Me $200M” reports: “Serving as California governor cost Arnold Schwarzenegger at least $200 million, the bodybuilding star turned actor and politician told a newspaper in his native Austria, insisting ‘it was more than worth it.”

“Counting expenses and lost income from acting in Hollywood films, ‘in all it is probably more than $200 million,”‘he told Krone when asked how much his two terms in Sacramento had cost.

State has spent three-fourths of $16 billion in federal stimulus funds.

HARRISBURG (Jan. 13) – Almost two years after the federal stimulus program was authorized, Gov. Ed Rendell says the program has had wide-ranging benefits in Pennsylvania.

During a news conference Thursday, Rendell touted the program as helping create and save thousands of jobs, fix miles of roads and bridges, and provide extended unemployment and food stamp benefits to workers.

Intelligencer Journal

Editorial “Rendell has been good for Lancaster” states “During Rendell’s eight years in office, Lancaster County has received more than $636 million in funding. That ranges from funding for Clipper Magazine Stadium and the Lancaster County Convention Center to farmland preservation to conservation to transportation improvements to funding for colleges. Every township in the county has benefited in some way.”

The lost American dream

(1) In 1966 20% of mothers worked but that grew to 55% by the late 1990s;

(2) By the first decade of the current century, the average family put in a full twelve weeks extra work than it did in 1979 and, although he does not cite specific figures, the typical individual put in many more hours than in the past, 350 more hours annually than the typical European workers;

Bradley Manning and the Rule of Law

Not sure how you would feel about this issue, but thought I’d share it anyway. Bradley Manning is the 22 year old young private who is accused of leaking documents to WikiLeaks. Essentially he saw widespread crimes being committed by the U.S. government in its wars and foreign policy and sent them to WikiLeaks. He has been held for 7 months in solitary confinement, not even allowed to do push-ups in his cell, not even given a pillow.

Jail for violators of Sunshine Act?

From the PITTSBURGH OBERSVER-REPORTER: …Many in Montgomery County find that hard to believe, and “Breakfastgate” has prompted State Rep. Mike Vereb, R-Norristown, to announce plans to introduce legislation aimed at strengthening the Sunshine Act, even as far as calling for jail time for the most egregious offenders. “If politicians violate the Sunshine law and knowingly deceive the public with some type of vote based on an illegal meeting, then I think they should be incarcerated,” he said.

Does the Pentagon Really Have 1,180 Foreign Bases?

Here’s the best attempt I’ve seen at trying to figure out how many bases the U.S. military has around the world. It seems like the Pentagon does not even know how many it has in Afghanistan or Iraq and gives different numbers for the total around the world. And, there are covert bases in places like Pakistan and various Middle East countries, as well as covert prisons run by the U.S.

SUNDAY NEWS

In his column “Lords of the New Economy”, Gil Smart refers to a Chrystia Freeland essay entitled “The Rise of the Global Elite”, whose subjects, according to Smart, being “Plutocrats… whom we might call the Lords of the New Economy.”

Mexico 2010 Death Toll Higher Than Afghanistan

From the DRUG WAR CHRONICLE: More people were killed in prohibition-related violence in Mexico last year than died in the war in Afghanistan, according to year-end reports from both countries. In Afghanistan, more than 140,000 US and NATO are in the ninth year of a guerrilla war with thousands of Taliban fighters flush with profits from the opium trade…

The straw that broke the camel’s back

“Disagrees with Robert Reich on Recession’s cause” is a good summary of the near term events that triggered the Great Depression and the Great Recession. But attributing both the depression and the recession respectively to the failure of the Bank of United States, a local New York City bank that was allowed to fail at a time when other banks were being propped up, and the failure of Lehman Brothers, again at a time when other private investment banks were saved, is to substitute effect for cause.

Reich describes a three decade trend from the late ‘70s to the recently past decade in which household incomes for the middle class did not increase (despite greater female participation in the job market) while the top 1% share of income soared from the 10% during the prosperous post war decades to a high of around 29% in 2007. He points to a similar phenomenon prior to the Great Depression.

Disagrees with Robert Reich on Recession’s cause

I don’t buy the argument that the middle classes had to borrow more money to maintain their “middle classness.” They borrowed money as a way of leveraging their investments in stocks (1920s) and real estate (2000s) during a sustained period of soaring values (largely speculatively driven) in an effort to get rich, which, after all, is the American dream.