Treasury Tim Geithner leaving...are the rats fleeing the sinking ship or will there be change we can believe in?
Is Secretary of the Treasury Tim Geithner on his way out? According to senior White House officials – Geithner is considering leaving his post after the debt-limit fiasco is resolved. Geithner denied the reports, saying he plans to stay in his job for the “foreseeable future” – but a source at the White House says that Geithner has been discussing plans to leave since early this year. Secretary of Defense Robert Gate
A group of 248 economist, six of whom are Nobel Prize winners, sent a letter to Congressional leaders yesterday demanding a clean vote to raise the debt-ceiling – arguing that failure to do so could have, “a substantial negative impact on economic growth.” The IMF issued a similar warning too. But as President Obama drew a line in the sand yesterday in debt-limit negotiations demanding that tax loopholes for millionaires,
The jobless are screwed in Florida. Governor Rick Scott may have just won the race to the bottom when it comes to unemployment insurance. Scott – one of America’s most disliked Governors – signed into law yesterday a huge reduction in Florida’s unemployment benefit system – cutting the number of weeks someone is eligible to collect unemployment from 26 down to just 12. The cut falls in line with Governor Scott’s prom
Another day – another Supreme Court decision in favor of big money in our politics. Yesterday – in another 5-4 ruling – the right-wing of the Supreme Court struck down an Arizona law that provides public financing of elections. The law was intended to level the playing field between people with huge fortunes and rich friends – and just average folks running for office, by supplying matching public funds to candidates who a
You need to know this. The impending nuclear disaster in Nebraska just got worse. Over the weekend – a floodwall protecting the nuclear plant from the overflowing Missouri River gave way – inundating the facility in floodwater. The plant is less than 20 miles away from Omaha – Nebraska’s largest city – and is now cooling its reactors and spent fuel pools with back-up diesel powered generators.
You need to know this. The New Jersey State House passed a harsh anti-union bill yesterday – that shreds public employee benefits – cuts off cost-of-living increases for their pensions – and kills their collective bargaining rights. The bill includes the deepest cuts to public employee benefits in the state’s history – and will affect more than 750,000 public workers like teachers, firefighters, and police officers.
I’ve been saying for a long time that Republicans have one strategy – to crash the economy so that President Obama loses in 2012. Now – finally – it looks like Democrats have figured that out. In a press conference on Capitol Hill yesterday – top Democrats called out Republicans for stopping anything that will help the economy.
Are we on the verge of seeing a mass extinction in Earth’s oceans? That’s what a group of top ocean scientists warn in a new report released this week by the International Programme on the State of the Ocean. Because of pollution and global warming – the oceans are losing oxygen and becoming more acidic – threatening to trigger a mass extinction not seen in over 50 million years – when half of all the life in the oceans wa
A North Carolina man – James Richard Verone – was sent to jail earlier this month after he tried to rob one dollar from a bank. Verone’s motive for the petty crime was simple – he wanted to go to prison so that he could get healthcare. After he was laid off as a delivery driver for Coca Cola – Verone found himself without health insurance and in constant pain due to arthritis. He was repeatedly denied health insuranc
Who’s screwed? People who eat. Last week – House Republicans passed the Agriculture Appropriations bill that cuts $87 million from the FDA and $35 million from the USDA food inspection program. Republicans Congressman Jack Kingston defended the legislation saying, “Do we believe that McDonald’s and Kentucky Fried Chicken…aren’t concerned about food safety?