My name is Roxanne Mimms and I work for a food service contractor at the National Zoo. I work full time but make barely minimum wage. I’m here because workers can’t live off what contractors pay us. I’m here because I don’t want my two children to grow up on public assistance. I’m here because I have dreams – My American Dream is a good job with fair wages to provide for my children, being able to pay my bills on time and save for the future. I’m here because I want to help all the workers at the National Zoo whose dreams are on hold.”
Rebecca Sandoval hasn't had a raise for six years.
She and other home-care workers who work for the state of Oregon and are represented by Local 503 of the Service Employees International Union (SEIU) make $10.20 an hour to assist people with disabilities and senior citizens, like the 99-year-old woman Sandoval cares for. The state froze wages at 2007 levels to help offset a yawning $855 million budget shortfall caused by the financial crisis. Almost every year since then, Sandoval says, it has further cut back hours, leaving workers with the choice to leave some of their clients' needs unmet or to work for free. “You can't rush a 99-year-old woman with any aspect of her daily living,” she says.
At some point this year, Congress will have to raise the debt ceiling, as well as deal with a host of out-standing budget issues. But rather then try to discuss them in good faith—free of a manufactured crisis—Republicans have all but announced their decision to take some kind of legislative hostage, as soon as they can find one. Here’s Lori Montogomery, reporting for The Washington Post:
New York Attorney General Eric Schneiderman, who headed a group of state attorneys general that won homeowners and former homeowners a $26 billion settlement from five mega-banks over their foreclosure abuses, announced yesterday that he’d sue two of the banks—Wells Fargo and Bank of America—for allegedly violating the terms of the settlement.
There's even more exciting gun news today, coming from a small non-profit organization called Defense Distributed. They announced that they have successfully test-fired a gun made almost entirely in a 3-D printer. The only part that wasn't 3-D printed was the firing pin. And the bullet, of course. Now previously, people had made gun components in 3-D printers, but prior tests of entire weapons had been unsuccessful. This raises some rather troubling questions, which we'll get to in a moment. But first, here's their short video, which shows the firing and construction of the gun, inexplicably interspersed with shots of World War II-era bombers:
Here is the thing to remember about every jobs report from the Bureau of Labor Statistics:
You have to wait for the revisions.
Remember, the monthly jobs report is a scientific survey of households and employers. That doesn’t mean it’s inaccurate, but for any given survey, there are ways to improve the accuracy and reach a higher degree of precision. Month after month, this is what the BLS does—it tests and adjusts, in order to get the most accurate account of the where the economy stands.
The decision by Senate Democrats last week to restore funding to the Federal Aviation Administration (FAA)—which was cut when the “sequester” took effect in March and led to flight delays that angered a wide swath of Americans—was a clear loss for Democrats in the ongoing budget wars. Rather than cave and reverse the cuts, Democrats should have used the public discontent about budget cuts as leverage to pressure Republicans. They squandered this opportunity.
In the election of 1952 my father voted for Dwight Eisenhower. When I asked him why he explained that “FDR’s debt” was still burdening the economy—and that I and my children and my grandchildren would be paying it down for as long as we lived.
I was only six years old and had no idea what a “debt” was, let alone FDR’s. But I had nightmares about it for weeks.
Yet as the years went by my father stopped talking about “FDR’s debt,” and since I was old enough to know something about economics I never worried about it. My children have never once mentioned FDR’s debt. My four-year-old grandchild hasn’t uttered a single word about it.
The financial services industry is second to none in dreaming up ways to rip off Americans. Show me a a financial product—credit cards, mortgages, checking accounts, 401(k)s, annuities—and I'll show you a stack of consumer complaints documenting how banks and other firms have sought to bleed dry the American public.
When in 2008 George W. Bush signed the law creating the Advanced Technology Vehicles Manufacturing Loan Program (ATVM), which gives loans to car companies investing in green tech, conservatives were outraged. They took to talk radio to express their dismay, they introduced bills to dismantle the program, they poured contempt on Bush for trying to "pick winners and losers" with a bunch of hippie-mobiles running on patchouli and idealistic delusions.
Deficit reduction has been Washington’s obsession for the past two years, and the main approach of both parties is austerity—any combination of policies that raises government revenue and reduces its expenditures.
David Koch, possible future newspaper mogul. (AP photo/Carlo Allegri)
If you ask ten conservatives what they think of the New York Times, seven or eight of them would probably tell you that it's an organization whose primary purpose is advancing a sinister liberal agenda, and journalism just happens to be the tool it uses to accomplish that goal, though they'd be more likely to call it propaganda than journalism. The rest of us think that's nuts, but those conservatives sincerely believe it. So it's not surprising that some of them would dream of creating a conservative version of what they imagine the liberal media to be. Sure, they've got Fox News, and they control most of talk radio, and they have their magazines and web sites. But wouldn't it be something to have some real old-fashioned newspapers to advance the cause? And not just ones that are ridiculed like the Washington Times, but papers that already have respected names and large audiences?
Sounds like an interesting idea, which is why Charles and David Koch—who, depending on your perspective, are admirable and civic-minded businessmen committed to economic freedom, or dangerous plutocrats committed to bespoiling the Earth and enhancing their own wealth and that of their class at the expense of the rest of us—are considering buying a group of newspapers from the troubled Tribune company, including the Los Angeles Times, the Chicago Tribune, the Baltimore Sun, the Orlando Sentinel, and the Hartford Courant. So what are the implications of the Kochs getting so heavily into the newspaper business?
These are heady times for the bipartisan group of reformers seeking a safer and more manageable U.S. financial system. The leaders of this movement, Senators Sherrod Brown and David Vitter, introduced legislation yesterday to force the biggest banks to foot the bill for their own mistakes by imposing higher capital requirements.
On any given day, go to the Shenzhen Wal-Mart in the city's Yuanling neighborhood, and you may find a stocky man in his early fifties in front of its doors, draped in a banner that reads, in Chinese characters, “Support the just demands of workers.”