Wake Up Obama!
That billions and billions of dollars are still being spent on two unnecessary wars should make everyone feel as if they are living in a big insane asylum. All that money should be going to investment (especially public infrastructure) and jobs creation here in the USA. No wonder that a Wall Street Journal/NBC News poll this week found that nearly 6 in 10 Americans believe the country is on the wrong track, a majority disapproves of President Obama’s handling of the economy, and nearly two-thirds expect the economy to get worse, which it will.
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Filed under: Economy, Healthcare, Homelessness, Housing, Labor, Opinion, Politics, War
President Obama: Will He Get a Do-Over in 2012?
We all know that Washington is a tough town, and decision-making is fraught with bribes, backroom deals, blackmail and palm greasing. Still, it was thought that the following areas would be those where our president would follow through on his promise to do what’s best for “ordinary citizens.” Now they’re not so sure.
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Filed under: Economy, Healthcare, Opinion, Politics, War
Social Security: If It Ain’t Broke, Don’t Fix It
If the current rate continues, the report goes on to say, the Program’s reserves will be exhausted in 2037. Of course, no one can predict the path of the US economy between now and 2037. If we have a series of boom years, the annual reports for the next several decades might show a reversal of payouts versus payroll revenues. Seizing on this Report, the Republicans are threatening to revive efforts to privatize Social Security if they gain control of Congress.
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Filed under: Economy, Labor, Opinion, Politics
Adachi Responds to Labor Law Suit
Over Pension, Healthcare Reform
“The law has very specific requirements that must be followed in order to receive the approval from the Department of Elections for a measure to qualify for the ballot,” said Adachi. “The democratic process by which The Sustainable City Employees Benefits Reform Act was approved both by the City Attorney through granting title and summary to the petition and by the Department of Elections when the signatures of 49,178 San Francisco voters were verified and accepted. We as Americans have the freedom afforded to us by the Constitution to have our choices heard at the ballot box and the taxpayers have the right to address how their tax dollars are spent in San Francisco without interference from special interest groups.”
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Filed under: Economy, Healthcare, Labor, News, Politics
Labor Unions File Suit Against Adachi Pension,
Healthcare Reform
Thomas Willis, an attorney for the plaintiffs, stated, “The proponents of this measure took short cuts in drafting and circulating the measure, and as a result the voters lost. They lost because they didn’t get enough information about the measure and who was behind it. The measure is clearly invalid and should be removed from the ballot.”
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Filed under: Economy, Healthcare, Labor, News, Politics
The Remarkable Model
of the Commonwealth Bank of Australia
Today there is renewed interest in reviving a publicly-owned bank in Australia on the Commonwealth Bank model. The United States and other countries would do well to consider that option too. Any proposed legislation should contain careful checks for accountability. The Commonwealth Bank served Australia brilliantly well for its first 11 years under the stewardship of one honest man, Denison Miller. When he passed away in 1923, the bank was delivered into the hands of a board of businessmen more interested in serving their own interests than the nation’s. Legislation would need to be drafted that prevented that from happening again.
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Filed under: Business, Economy, Opinion, Politics
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