Capital & Main’s Latest News Section.
(This reposted feature by David Wallis originally appeared on the American Prospect.)
At a time when legislators, consumer advocates and the Occupy movement batter big banks for their questionable business practices, J.P. Morgan Chase and Bank of America have gone soft and fuzzy. The nation’s two largest banks are running saccharine television commercials that portray the massive multinationals as the Bailey Building and Loan Association.
Bank of America recently rolled out its “Opportunity” campaign to highlight the company’s nationwide bid to lend a hand—i.e., money— to small businesses. (Ironically, It’s A Wonderful Life director Frank Capra modeled the Bailey’s bank on BoA.)
In Brooklyn, tenants of a green affordable housing project partly funded by BoA gush over their sleek new apartments, replete with AC and electric keys. “No one can pick the lock,” notes a tenant in a web version of the ad.
» Read more about: Two Soft-Hearted Banks: It’s a Wonderful Lie »
Southern California’s Economy was spared a beating when 62,000 grocery employees belonging to the United Food and Commercial Workers union won a fair three-year contract from three major supermarket chains without having to go on strike.
Nothing said Politics more than the Occupy movement– which quickly set up camp in Los Angeles around City Hall. Photojournalist Tony Zinnanti captured the hope and youth of this campaign with a timeless image of a mother and child.
Another year, another oil spill assaulting the Environment. This time it was Exxon Mobil’s turn to dump a little crude — into the Yellowstone River.
This 2012 newspaper headline wishlist first appeared on the Labor Lou blog.
1) Gingrich Sews Up Nomination
Former House speaker clears the field as Romney pulls out
2) Scott Walker Recalled
Wisconsin voters remove unpopular Republican governor
3) Clinton, Biden Swap Jobs
Convention taps Hillary for VP; Biden will head State Department
4) OWS Veterans Get Political
Wall Street protesters energize Obama campaign
5) Clarence Thomas Resigns
Conflict of interest sinks Supreme Court justice
6) Unemployment Down, Consumer Confidence Up
Optimism rising as election nears
7) Democrats Take Back House
Pelosi promises progressive agenda
8) Demands Grow to Curtail Filibuster
Senate Republicans might lose their best weapon
9) Obama Makes Labor Reform “Top Priority”
Declares unions “Key to economic justice”
10) Court’s Conservative Majority Jeopardized by President’s Pick
Justices could revisit “Citizens United”
Should we chuckle or cry whenever the American conversation slides back into rumor and paranoid nightmare? Below are five of this year’s more unforgettable fantasies, debunked by America’s leading myth-busters, Snopes.com.
1. Michelle Obama is pregnant — and White House spokesman Robert Gibbs was fired for discussing this!
2. Liberal billionaire George Soros is buying up U.S. gun makers – in order to shut them down.
3. Department of Energy $737 million loan to a solar-energy project will only create 45 jobs – and the company’s run by a Pelosi!
4. Barack Obama uses a Social Security number belonging to a deceased Hawaiian born in 1890.
5. NBC edited out a reference to Christ in an interview with family members of deceased Navy SEAL.
What a drag—I have recently been worried about the memory loss I have sort of grown used to over the last few years. I’m not afraid of Alzheimer’s—and I don’t feel unique. Fortunately I get a lot of support from my “fragmented” younger and older friends who assure me that I’m not the only one who is experiencing the well-known list of “senior moments,” including:
“What did I walk into this room to get?”
“ Where are my glasses and keys?”
“I drove right past the post office I always go to!”
“I can’t remember names.”
You probably have your own list.
But when you are almost 85 years old—and have finally chosen to admit it to yourself — it takes on another dimension. How am I supposed to proceed to make life creative and fulfilling in the ways I know best, before I fully accept this new stage?