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Mitt Romney Is Just Not That Into Federal Disaster Relief
John Nichols
October 29, 2012
http://www.thenation.com/blog/170892/mitt-romney-just-not-federal-disaster-relief?rel=emailNation
Who would have thought that a late-season hurricane would
sweep up the East Coast of the United States on the eve of
one of the closest election contests in the country’s
history?
Not, presumably, Mitt Romney.
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Tuesday, October 30, 2012
Monday, October 29, 2012
Sunday, October 28, 2012
Some Are More Unequal Than Others - NYTimes.com
Some Are More Unequal Than Others - NYTimes.com:
"Many of the very rich, like Romney, are avoiding taxes because of numerous loopholes that favor the rich, and capital gains taxes that are taxed at less than half the rate of other income. The 14 percent rate Romney reportedly paid on his income last year is well below that of Americans of comparable income who worked for their money doing things like creating a real business. Tax havens like the Cayman Islands (condemned by the Group20 and all economic experts) facilitate another level of tax avoidance. That the practice is legal is not an economic justification — the loopholes that allow it were put in place by the rich and the bankers, lawyers and lobbyists who serve them so well. We can be sure that the money is not in the Cayman Islands just because it grows faster in the bright sunshine there."
"Many of the very rich, like Romney, are avoiding taxes because of numerous loopholes that favor the rich, and capital gains taxes that are taxed at less than half the rate of other income. The 14 percent rate Romney reportedly paid on his income last year is well below that of Americans of comparable income who worked for their money doing things like creating a real business. Tax havens like the Cayman Islands (condemned by the Group20 and all economic experts) facilitate another level of tax avoidance. That the practice is legal is not an economic justification — the loopholes that allow it were put in place by the rich and the bankers, lawyers and lobbyists who serve them so well. We can be sure that the money is not in the Cayman Islands just because it grows faster in the bright sunshine there."
Wednesday, October 24, 2012
Labor unions, liberal groups fear lame-duck betrayal by Obama - The Hill - covering Congress, Politics, Political Campaigns and Capitol Hill | TheHill.com
Labor unions, liberal groups fear lame-duck betrayal by Obama - The Hill - covering Congress, Politics, Political Campaigns and Capitol Hill | TheHill.com:
"The liberal groups are planning to launch an aggressive campaign immediately after Election Day to pressure Obama and Senate Democrats not to endorse any deal that cuts Medicare and/or Social Security benefits. "
"The liberal groups are planning to launch an aggressive campaign immediately after Election Day to pressure Obama and Senate Democrats not to endorse any deal that cuts Medicare and/or Social Security benefits. "
Jay Leno Is Better Than The Entire Political Media At Asking Romney Health Care Questions
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| Photo taken at the 45th Emmy Awards 9/19/93- Rehearsal (Photo credit: Wikipedia) |
...ero.
Monday, October 22, 2012
Robert Scheer: Meet Romney’s Economic Hit Man - Robert Scheer's Columns - Truthdig
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| Romney (Photo credit: Talk Radio News Service) |
"Hubbard is the ideological hit man instrumental in justifying the mortgage derivatives bubble that caused the Great Recession during the George W. Bush years. He now serves as Romney’s key economic adviser and is the front-runner to be the next Treasury secretary should the Republican win."
Saturday, October 20, 2012
Romney's Bain Capital Is Sending Many Jobs to China the Day Before the Election
Romney's Bain Capital Is Sending Many Jobs to China the Day Before the Election:
"On the day before an election that's supposed to hinge on jobs, taxes and the middle class, Bain Capital, the company Mitt Romney founded, will close the doors of a factory in Freeport, Illinois, and ship 170 good, high-tech jobs to China."
"On the day before an election that's supposed to hinge on jobs, taxes and the middle class, Bain Capital, the company Mitt Romney founded, will close the doors of a factory in Freeport, Illinois, and ship 170 good, high-tech jobs to China."
No Cuts! Tens of thousands turnout for British anti-austerity protests (VIDEO) — RT
 |
| English: NUT ATL UCU PCS strike rally outside the Forum in Norwich against draconian government cuts in their pension conditions (Photo credit: Wikipedia) |
"Nurses, teachers and off duty policemen marched with anti-war activists, politicians and the unemployed in a massive protest against the Conservative led Government’s austerity measures, which they say are killing Britain.
Tens of thousands of people took to the streets in the demonstrations, which was led by a group of jobless young people. More than 250 coaches brought people to London to take part. There were similar protests in Belfast and Glasgow."
Wednesday, October 17, 2012
Telephones: ringing up big costs for the consumer - Peoria, IL - pjstar.com
Telephones: ringing up big costs for the consumer - Peoria, IL - pjstar.com: "A few recent headlines: “One in Five Mobile Phone Owners Pay More Per Month for Phone Service Than Groceries,” “Phones Are Eating the Family Budget” and “If You’re Paying More Than $25 a Month for Phone Service, You’re Probably Paying Too Much.”
The telephone—whether it’s the one in your hand or the one on the wall —is a tricky little devil. It can be your best friend, allowing you all those precious texts, tweets or calls from home but it could also slice into your pocket in a big way."
The telephone—whether it’s the one in your hand or the one on the wall —is a tricky little devil. It can be your best friend, allowing you all those precious texts, tweets or calls from home but it could also slice into your pocket in a big way."
Tuesday, October 16, 2012
Will US economy rebound in 2013? Forecasters say not much. - CSMonitor.com
Will US economy rebound in 2013? Forecasters say not much. - CSMonitor.com:
"An improved housing market and better auto sales are expected to boost US economic growth in 2013, but slowing economies in China and Europe will be a net drag. Meanwhile, Congress will 'kick the can down the road' on extending Bush tax cuts, economic forecasters predict."
"An improved housing market and better auto sales are expected to boost US economic growth in 2013, but slowing economies in China and Europe will be a net drag. Meanwhile, Congress will 'kick the can down the road' on extending Bush tax cuts, economic forecasters predict."
Friday, October 12, 2012
Thursday, October 11, 2012
Fussbudget: How Paul Ryan captured the G.O.P.
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| speaking at CPAC in Washington D.C. on February 10, 2011. (Photo credit: Wikipedia) |
Fussbudget: How Paul Ryan captured the G.O.P.
Ryan Lizza, New Yorker
http://nyr.kr/NuiAJC
Ryan recommended ending Medicare, the government health-insurance program for retirees, and replacing it with a system of direct payments to seniors, who could then buy private insurance. (The change would not affect current beneficiaries or the next decade of new ones.)
He proposed ending Medicaid, the health-care program for the poor, and replacing it with a lump sum for states to use as they saw fit. Ryan also called for an end to the special tax break given to employers who provide insurance; instead, that money would pay for twenty-five-hundred-dollar credits for uninsured taxpayers to buy their own plans.
As for Social Security, Ryan modestly scaled back his original proposal by reducing the amount invested in private accounts, from one-half to one-third of payroll taxes. Ryan’s Roadmap also promised to cut other government spending, though it didn’t specify how. Likewise, it promised to lower income-tax rates and simplify the tax code, but it didn’t detail which popular deductions—mortgage interest? retirement contributions?—it would eliminate.
Wednesday, October 10, 2012
Romney's Stake in Chinese Stocks | Mother Jones
Romney's Stake in Chinese Stocks | Mother Jones:
"Romney has said that he has no role in managing his personal investments; one of his aides told the Financial Times recently that Malt works "to make the investments in the blind trust conform to Governor Romney’s positions, and whenever it comes to his attention that there is something inconsistent, he ends the investment." But back in 1994 Romney himself said that blind trusts don't absolve an investor of responsibility: "The blind trust is an age old ruse, if you will, which is to say, you can always tell the blind trust what it can and cannot do. You give a blind trust rules.""
...ero.
"Romney has said that he has no role in managing his personal investments; one of his aides told the Financial Times recently that Malt works "to make the investments in the blind trust conform to Governor Romney’s positions, and whenever it comes to his attention that there is something inconsistent, he ends the investment." But back in 1994 Romney himself said that blind trusts don't absolve an investor of responsibility: "The blind trust is an age old ruse, if you will, which is to say, you can always tell the blind trust what it can and cannot do. You give a blind trust rules.""
...ero.
Will everyone have to buy health insurance? What happens if they don't? How will people prove they have health insurance? - Kaiser Health Reform
Will everyone have to buy health insurance? What happens if they don't? How will people prove they have health insurance? - Kaiser Health Reform:
"Will everyone have to buy health insurance? What happens if they don't? How will people prove they have health insurance?"
Five Basic Facts on the Uninsured
http://www.kff.org/uninsured/upload/7806-02.pdf
About 46 million people in the U.S. lack health insurance and enabling more people to
gain coverage has been a focus of policy efforts at the state and national levels. This
brief provides basic facts that explain why so many people lack coverage and how being
uninsured affects their health and financial security.
Most of the 46 million uninsured are in working families and do not have access to
employer-sponsored insurance.
Eight in ten of the uninsured live in families with at least one worker. Uninsured workers
typically do not have employer-sponsored insurance offered through their jobs and
cannot access it through a family member.
Nine in ten of the uninsured are in low- or moderate-income families.
About two-thirds of the uninsured have incomes below 200% of the federal poverty level
(about $44,050 for a family of four in 2008). Only one in ten of the uninsured are above
400% of poverty. Since the average annual cost of employer-sponsored family coverage
in 2009 was $13,375, many can only afford coverage if they receive sizable employer
contributions.
Medicaid has played a key role in preventing more Americans from becoming
uninsured.
In 2008, the number of people with Medicaid increased and helped to offset declines in
private coverage. Medicaid coverage is primarily available to low-income children,
parents, pregnant women, people with disabilities, and the elderly. Most non-disabled
adults under age 65 who do not have dependent children are not eligible for Medicaid
regardless of their income.
The uninsured suffer from negative health consequences due to their lack of access
to necessary medical care.
About one-quarter of uninsured adults go without needed care due to cost each year. The
uninsured are less likely than those with insurance to receive preventive care and services
for major health conditions—which leads to more serious health problems for many.
Medical bills are a burden for the uninsured and frequently leave them with debt.
The uninsured often face unaffordable medical bills when they do seek care. When they
receive care, the uninsured pay for more than one-third of their care out-of-pocket and are
often charged higher amounts for their care than the insured pay. These bills can quickly
translate into unaffordable levels of medical debt since most of the uninsured have low or
moderate incomes and have little, if any, savings.
The Henry J. Kaiser Family Foundation
Headquarters
2400 Sand Hill Road
Menlo Park, CA 94025
(650) 854-9400 Fax: (650) 854-4800
Washington Of?ces and
Barbara Jordan Conference Center
1330 G Street, NW,
Washington, DC 20005
(202) 347-5270 Fax: (202) 347-5274
This publication (#7806-02) is available on the Kaiser Family Foundation’s website at www.kff.org.
The Kaiser Family Foundation is a non-profit private operating foundation, based in Menlo Park, California,
dedicated to producing and communicating the best possible analysis and information on health issues.
"Will everyone have to buy health insurance? What happens if they don't? How will people prove they have health insurance?"
Five Basic Facts on the Uninsured
http://www.kff.org/uninsured/upload/7806-02.pdf
About 46 million people in the U.S. lack health insurance and enabling more people to
gain coverage has been a focus of policy efforts at the state and national levels. This
brief provides basic facts that explain why so many people lack coverage and how being
uninsured affects their health and financial security.
Most of the 46 million uninsured are in working families and do not have access to
employer-sponsored insurance.
Eight in ten of the uninsured live in families with at least one worker. Uninsured workers
typically do not have employer-sponsored insurance offered through their jobs and
cannot access it through a family member.
Nine in ten of the uninsured are in low- or moderate-income families.
About two-thirds of the uninsured have incomes below 200% of the federal poverty level
(about $44,050 for a family of four in 2008). Only one in ten of the uninsured are above
400% of poverty. Since the average annual cost of employer-sponsored family coverage
in 2009 was $13,375, many can only afford coverage if they receive sizable employer
contributions.
Medicaid has played a key role in preventing more Americans from becoming
uninsured.
In 2008, the number of people with Medicaid increased and helped to offset declines in
private coverage. Medicaid coverage is primarily available to low-income children,
parents, pregnant women, people with disabilities, and the elderly. Most non-disabled
adults under age 65 who do not have dependent children are not eligible for Medicaid
regardless of their income.
The uninsured suffer from negative health consequences due to their lack of access
to necessary medical care.
About one-quarter of uninsured adults go without needed care due to cost each year. The
uninsured are less likely than those with insurance to receive preventive care and services
for major health conditions—which leads to more serious health problems for many.
Medical bills are a burden for the uninsured and frequently leave them with debt.
The uninsured often face unaffordable medical bills when they do seek care. When they
receive care, the uninsured pay for more than one-third of their care out-of-pocket and are
often charged higher amounts for their care than the insured pay. These bills can quickly
translate into unaffordable levels of medical debt since most of the uninsured have low or
moderate incomes and have little, if any, savings.
The Henry J. Kaiser Family Foundation
Headquarters
2400 Sand Hill Road
Menlo Park, CA 94025
(650) 854-9400 Fax: (650) 854-4800
Washington Of?ces and
Barbara Jordan Conference Center
1330 G Street, NW,
Washington, DC 20005
(202) 347-5270 Fax: (202) 347-5274
This publication (#7806-02) is available on the Kaiser Family Foundation’s website at www.kff.org.
The Kaiser Family Foundation is a non-profit private operating foundation, based in Menlo Park, California,
dedicated to producing and communicating the best possible analysis and information on health issues.
U.S. Files Civil Mortgage Fraud Suit Against Wells Fargo - Bloomberg
 |
| Pelli's Wells Fargo Center, Minneapolis, Minnesota, 1989. Jon Davis (Photo credit: Wikipedia) |
"“As the complaint alleges, yet another major bank has engaged in a longstanding and reckless trifecta of deficient training, deficient underwriting and deficient disclosure, all while relying on the convenient backstop of government insurance,” U.S. Attorney Preet Bharara said in the statement."
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Sunday, October 7, 2012
How Banks Got Too Big to Fail | Mother Jones
How Banks Got Too Big to Fail | Mother Jones:
"The nation's 10 largest financial institutions hold 54 percent of our total financial assets; in 1990, they held 20 percent. In the meantime, the number of banks has dropped from more than 12,500 to about 8,000. Some major mergers and acquisitions over the past 20 years"
"The nation's 10 largest financial institutions hold 54 percent of our total financial assets; in 1990, they held 20 percent. In the meantime, the number of banks has dropped from more than 12,500 to about 8,000. Some major mergers and acquisitions over the past 20 years"
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