Saturday October 25, 2014
April 6th, 2014
If the Republican Tea Partiers get their way this nation will soon be by the rich for the rich with no place for the poor. As if the minimum wage was not hurtful enough a national survey has now found that many in the ever popular fast food industry are not even getting that for all the hours they put in. Then there is the latest national budget proposal from Representative Paul Ryan (R. Wis).
There is something truly spectacular about Sheldon Adelson. Witness the parade of Republican supplicants paying tribute in his Las Vegas lair. They would include Ohio Gov. John Kasich, Wisconsin Gov. Scott Walker, New Jersey Gov. Chris Christie and former Florida Gov. Jeb Bush.
As chief justice, I have no doubt that John G. Roberts' number one goal is to turn this democracy into a plutocracy. And he's well on his way to doing so.
The last time Congress convened hearings on an automotive safety scandal, during the early 2010 furor over sudden unintended acceleration in Toyotas, the crucial takeaway was how little members of Congress understood cars or the car business. This week, when General Motors Chief Executive Officer Mary Barra testified before committees about her company's safety scandal, the major impression was of how little she seemed to know about her own business.
Michael Lewis' "Flash Boys," his takedown of high-speed stock trading, may be making headlines this week, but it's just one of two books on our economic dysfunctions that are flying off the shelves. While "Flash Boys" explains how the fastest-growing form of trading enriches the few at the expense of the many, the other book, Thomas Piketty's "Capital in the Twenty-First Century," provides a more fundamental and disquieting explanation: how capitalism itself enriches the few at the expense of the many.
Holy 7 million, Batman! The Affordable Care Act, aka Obamacare, has made a stunning comeback from its shambolic start. As the March 31 deadline for 2014 coverage approached, there was a surge in applications at the "exchanges" - the special insurance marketplaces the law set up. And the original target of 7 million sign-ups, widely dismissed as unattainable, has been surpassed.
Here's the latest life lesson from the campaign trail: If you are, say, making a home movie about how great your family is, try to remember to use pictures of your actual relatives, and not random attractive strangers.
Forty years ago, Congress enacted sweeping limits on political campaign spending in the wake of a shocking disclosure that one man -- Chicago insurance executive W. Clement Stone -- had given more than $3 million for the 1972 reelection of President Richard M. Nixon.
Like an optimist looking through a pile of manure in hope of finding a pony, if one examines the latest Supreme Court decision on campaign finance law, one positive outcome comes into view: It will give a helping hand to our struggling two-party system.
The McCutcheon decision lifted the limit on what the parties can raise and contribute to their candidates, a small step toward putting them back in the ball game, while regrettably further enhancing fat-cat donors' domination of the playing field.