My late father worked for one employer his entire life and that was the state bank of Sri Lanka. During the middle portion of his career, he served as manager at various branches around the country and so we moved along with him every four or five years or so. [Read more…]
One has to hand it to the Democrats. They have been fairly successful in masking their allegiance to the oligarchy. The GOP is far more open about whose interests they really care about. As the fiscal cliff Kabuki theater played itself out towards the end of the year. I did not follow the details of the maneuvering that led up to the final agreement but was intrigued by the suggestion put forward by speaker John Boehner of something known as ‘Plan B’ as a stop-gap measure. This came and went fairly quickly and so did receive much scrutiny but its details show the priorities of the GOP. [Read more…]
I haven’t been able to digest all the features of the fiscal cliff deal as yet. The White House has put out a fact sheet on what the deal contains. My initial reaction is disappointment that does not seem to go nearly as far in taxing the rich as I would have liked but also relief it did not hammer the poor and the safety net as much as I had feared. [Read more…]
There was recently a big fuss about how the Hostess company was going out of business, because many people seemed to have a sentimental childhood attachment to its products though I personally had never eaten any, perhaps because I had not grown up in the US. Much of the media spread the message that the cause was that the workers were not willing to grant huge concessions in salary and benefits for the company to stay in business. [Read more…]
An excellent animation that tells, in a remarkably accurate and understandable way, the story of how we got where we are today and what we should do about it. (Thanks to reader Tim.) [Read more…]
Activists in the Democratic party are gearing up to counter disturbing signs that a bad budget deal is in the works, trading small rises in the marginal tax rates for the top 2% (smaller than the already small raises envisaged) in return for reductions in Social Security and Medicare. [Read more…]
The Democratic party has long been perfecting the art of whipping up populist rhetoric to win elections and then finding ways to sell out its supporters to benefit the oligarchy. They methods have become so transparent that Glenn Greenwald has identified the six stages by which they do so. [Read more…]
One of the astonishing things about the so-called ‘fiscal cliff’ negotiations is how many politicians and people in the media talk of raising the marginal income tax rates on the highest earners by a small amount as a quid pro quo for raising the retirement age for Social Security (currently 67 for those born in 1960 and later) and the eligibility age for Medicare (currently 65). They seem to treat those as if they were somehow equal-valued chips in a game. [Read more…]
I have learned to be very wary when politicians describe a situation in apocalyptic terms. It is usually accompanied by demands that we must act now, now, now, immediately or things will fall apart and all manner of horrible consequences will ensue. This is usually a device to stampede people into accepting things that they would reject if allowed to think things through and explore all the consequences. [Read more…]