I wonder what the three mayoral candidates thought of last night, as they traveled to the third and final debate to be held in South Los Angeles before the March 5 election. Were Wendy Greuel, Jan Perry and Eric Garcetti affected by the change in scenery as they drove closer to Ward AME Church, one of the city’s historic religious institutions?
I would like to think that they clearly saw the run-down corridors, littered with liquor stores, abandoned buildings, empty lots and fast food joints. As they approached the steps of the church did these veteran public servants allow themselves to catch the eyes of that beautiful little neighborhood girl or boy who has access to fewer resources, as well as a lower probability of living a high quality life than a child from the Westside or San Fernando Valley?
Looking forward, if elected, would the high poverty rates in South Los Angeles and elsewhere keep Greuel,
» Read more about: Mayoral Candidates Forum: Debating South L.A.’s Future »
The accolades for Timothy Geithner came on so thick and heavy in the last week that it’s necessary for those of us in the reality-based community to bring the discussion back to earth. The basic facts of the matter are very straightforward. Timothy Geithner and the bailout he helped engineer saved the Wall Street banks. He did not save the economy.
We can’t know exactly what would have happened if we did not have the TARP in October of 2008. We do know there was a major effort at the time to exaggerate the dangers to the financial system in order to pressure Congress to pass the TARP.
For example, Federal Reserve Board Chairman Ben Bernanke highlighted the claim that the commercial paper market was shutting down. Since most major companies finance their ongoing operations by issuing commercial paper, this raised the threat of a full-fledged economic collapse because even healthy companies would not be able to get the cash needed to pay their bills.
Atop the list of landmark laws that conservatives have never particularly warmed to are two that established fundamental rights for workers and consumers: the 1935 National Labor Relations Act, which provided employees a legal path to form unions, and the 2010 Dodd-Frank financial reform, which established a Consumer Financial Protection Bureau to rein in banks’ abusive treatment of depositors and mortgage holders. Conservatives have never had the votes or the gumption to repeal these statutes. But now they can essentially neuter these laws.
[Last] Friday, three judges on the U.S. Court of Appeals for the District of Columbia Circuit — all nominated by Republican presidents — ruled that President Obama lacked the authority for three appointments he had made to the National Labor Relations Board (NLRB) during the break between Congress’s 2011 and 2012 sessions. Invoking the president’s power to make one- or two-year appointments while Congress is in recess — a power that presidents have exercised as far back as James Madison — Obama appointed two Democrats and one Republican in the face of continued Republican opposition to his previous NLRB picks. » Read more about: Court Decision Could Cripple NLRB and Consumer Bureau »
As Senator Bernie Sanders has warned, “Social Security faces an unprecedented attack from Wall Street, the Republican Party and a few Democrats. If the American people are not prepared to fight back, the dismantling of Social Security could begin in the very near future.”
What exactly does the 99 Percent need to know to defend Social Security against the Wall Street One Percenters who want to profit by destroying it?
First, know our adversaries. Listen closely to the corporate-funded Heritage Foundation, headed by Tea Party hero and former Senator Jim DeMint. They want to turn part of our retirement and disability savings over to the same Wall Street firms that crashed our economy.
Heritage’s Social Security plan would
» Read more about: Wall Street’s Newest Hedge Fund: Social Security »
Civil rights leader Reverend James Lawson announced last Saturday that he’s planning to give himself to a new nonviolent direct action campaign with the Children’s Defense Fund, but wasn’t ready yet to discuss the details. The setting was his monthly workshop on the theory of nonviolence, where upwards of 35 people of diverse ages and backgrounds were gathered to hear Lawson present his provocative thoughts on basic human values, spirituality and the need for systemic social change.
Credited with introducing nonviolent direct action to the 1960s civil rights movement, Rev. Lawson feels the theory of nonviolence has had the equivalent impact on our understanding of the universe as Einstein’s theory of relativity. He sees the recent growth of California’s labor movement as an outgrowth of what Lawson calls “this science of social change” introduced to the state by farm worker leader Cesar Chavez in the 1960s and 70s.
Lawson was dressed last weekend in pressed khaki slacks,
» Read more about: James Lawson: Training for Nonviolence’s Next Step »
The Conference Board reported Tuesday that the preliminary January figure for consumer confidence in the United States fell to its lowest level in more than a year.
The last time consumers were this bummed out was October 2011, when there was widespread talk of a double-dip recession.
But this time business news is buoyant. The stock market is bullish. The housing market seems to have rebounded a bit.
So why are consumers so glum?
Because they’re deeply worried about their jobs and their incomes – as they have every right to be.
The job situation is still lousy. We’ll know more this coming Friday about what happened to jobs in January. But we know over 20 million people are still unemployed or underemployed.
Personal income is in terrible shape. The median wage continues to drop, adjusted for inflation.
The Republican Party spent the better part of the past few years reaching back a century or more for ideas. Where liberals saw the dangers of a creeping Gilded Age on the horizon, conservatives cheered the true freedom that attends gross economic inequality. Paul Ryan, one of the GOP’s standard-bearers, repeatedly excited crowds with the promise of the true adventure and excitement that comes from riding the free market without a social safety net. By adopting the Republican vision, he explained, you choose against “a dull, adventureless journey from one entitlement to the next, a government-planned life, a country where everything is free but us.”
Similarly, there is currently a conservative attempt to rehabilitate the infamous 1905 Supreme Court decision of Lochner v. New York, which struck down on economic liberty grounds a New York state law that forbade bakers from working more than 10 hours per day and 60 hours per week.
» Read more about: Atlas Smirked: Why the GOP Kicks the Ladders to Prosperity »
(Editor’s Note: The following includes excerpts from remarks made on KPFK’s Uprising program, which focused on the Los Angeles mayoral debate held January 28 .)
The argument that framed the debate – that Los Angeles could go bankrupt – is ridiculous. L.A. is one of the richest cities in the world. Yes, we face some budget challenges, but the solution is not to gut the modest retirement benefits of hard-working people. We need to focus on creating good jobs, which will increase our tax base, and making sure that we are generating the revenues we should from our incredible city-owned assets.
When the focus of the majority of the discussion is pensions, which is an issue but represents only 10 or 11 percent of the budget, and really is one of many important issues facing the city – when that is the primary subject of conversation most people are left wondering,
» Read more about: The Politics of Bankruptcy: The UCLA Mayoral Debate »
The state of California has ordered a Southern California warehouse that processes merchandise for Walmart and other retailers to pay 865 workers more than $1 million in stolen wages.
The California Division of Labor Standards Enforcement issued the citations Monday, Jan. 28 against Quetico, LLC, a large warehouse complex in Chino, California. Back wages and unpaid overtime total more than $1.1million and in addition the state issued about $200,000 in penalties.
“Quetico is strict when it comes to enforcing its rules with workers so it is only fair that the state enforce the laws that the company broke,” said Abraham Guzman, a warehouse worker who has been at Quetico for about two and a half years. “I am satisfied that the law will now be followed and workers have won justice.”
Last year workers brought concerns to the Warehouse Worker Resource Center, an advocacy organization that works with Warehouse Workers United.
» Read more about: State Hits Walmart Contractor With Wage-Theft Ruling »
Last week’s annual national union membership numbers were eye-opening, and well, pretty depressing. The relentless attacks on unions nationwide have caused overall union density to drop to a startlingly low 11.3 percent. The share of union members as part of the workforce is the lowest it’s been in 97 years. That’s not just bad news for unions, that’s really bad news for everyone.
According to the Center for American Progress:
Without the counterbalance of workers united together in unions, the middle class withers because the economy and politics tend to be dominated by the rich and powerful, which in turn leads to an even greater flow of money in our economy to the top of the income scale.
Sound familiar?
But despite last week’s bad news on a national level, there were silver linings. Not the least of which is the trend here in California.
» Read more about: California Unions’ Growth Bucks National Trend »