Archive for December, 2012

Teacher Pensions: Should I Stay or Should I Go?

by , posted on Sunday, December 30th, 2012 at 2:07 pm

While many are following the manufactured cliff debate in Washington, in Illinois, a Democratic House, Senate and Governor are attempting to wash their hands of their financial mismanagement of teachers’ pensions once again.

Illinois’ veto session is our “lame duck” session and, hard to move legislation like public employee pension rip-offs is back on the table. In Springfield there is no progressive voice in the room proposing that the general assembly rescind the $85 million/per year tax break to the Chicago Mercantile Exchange (CME). There have been no proposals to implement a tax on contracts at the CME (our Wall Street) and, there have been no proposals to modernize Illinois’ tax code with a graduated income tax.



Thom Hartmann: I thought we voted for Democrats

by , posted on Thursday, December 20th, 2012 at 5:30 pm

pf_pick_avatar_50 from The Big Picture, with Thom Hartmann (RT)

With just 13 days to go until America goes over the fiscal cliff – progressives across America are asking why President Obama chose to put Social Security cuts on the bargaining table. Why is the president letting Republicans hack away at Social Security – instead of presenting progressive solutions that can help us avoid the cliff?


The Epstein Report: State Subsidies to Attract Corporate Investment Should be Banned

by , posted on Sunday, December 9th, 2012 at 1:41 pm

from The Real News Network

The money thrown at corporations by states to invite investment is a boondoggle that should be ended by federal law.

Gerald Epstein is the Co-Director of the Political Economy Research Institute and professor of economics at the University of Massachusetts-Amherst.

See also:

General Motors pushed hard for tax breaks in Ypsilanti Township, Mich. Some $200 million later, this is what remains,” b Louise Story, New York Times,December 1, 2012

Lines Blur as Texas Gives Industries a Bonanza,” by Louise Story, New York Times, December 2, 2012

Michigan Town Woos Hollywood, but Ends Up With a Bit Part,” by Louise Story, New York Times, December 3, 2012


“The Most Obdurate Bully in the Room”: U.S. Widely Criticized For Role At Climate Talks

by , posted on Saturday, December 8th, 2012 at 8:35 pm

pf_pick_avatar_50 from Democracy Now!

“To move ahead we need a recognition that this is an issue of rights and justice, that this is an issue that involves countries which have to reduce their emissions, countries who must be given the right to development. It is also an issue that countries with the right to development must develop differently. We do not want to first pollute and then clean up. So, we need money, we need technology, to be able to do things differently. That’s the only deal that is possible for an effective deal, a meaningful deal, on climate change.”

–Sunita Narain, Indian environmentalist and director general of the Centre for Science and Environment


Finance Rules at Doha UN Climate Summit

by , posted on Saturday, December 8th, 2012 at 8:15 pm

from The Real News Network

Janet Redman (Sustainable Energy and Economy Network): UN conference reflects lack of urgency from developed countries and focus on private finance


“We are Running Out of Time”: Obama Urged to Match Rhetoric to Action on Climate Deal

by , posted on Friday, December 7th, 2012 at 5:05 pm

from Democracy Now!

Most major issues remain unresolved at the U.N. climate summit in Doha as negotiators enter the final stretch of the two-week summit. While the Doha talks involve nations working toward a pact to limit greenhouse gases starting in 2020, many say the world cannot wait that long. The United States has come under intense criticism at the summit from environmentalists and smaller nations who say President Obama has failed to meet his stated commitments to tackle global warming. We’re joined by Kumi Naidoo, executive director of Greenpeace International; and Samantha Smith, head of the World Wildlife Fund’s Global Climate and Energy Initiative.


Bill McKibben: Connecting the Dots on Climate Change

by , posted on Friday, December 7th, 2012 at 3:03 pm

from The Nation

“We should not have called it Hurricane Sandy. We should have called it Hurricane Exxon,” says climate activist Bill McKibben. In the aftermath of a superstorm, Americans are finally making the connection between the changing weather and our fossil fuel addiction. McKibben took a break from his “Do the Math” tour, which calls on universities and other organizations to divest from the fossil fuel industry, to discuss the pressing structural changes we need to slow our warming planet.