There’s a scene in Lauren Greenfield’s likable documentary, The Queen of Versailles, in which the titular monarch, the wife of time-share mogul David Siegel, announces she is shoveling $2,000 worth of caviar into her mouth. “Somebody’s gonna get fired,” grumbles her husband, a former billionaire who is now desperately pinching pennies as his creditors tighten a noose around his troubled empire.
The film is full of such jarring moments, making it partly an American economic fable, partly a reality TV show. Like many such train wrecks, the story takes place in Florida and, like many a tale of real estate rise-and-ruin, it begins on the eve of the recent recession. That’s when Greenfield set out to capture the Siegels’ construction of the largest house in America – a 90,000-square-foot monstrosity inspired by both Louis XIV’s court at Versailles and the Paris Las Vegas hotel and casino. Among other things, its floor plans called for 23 bathrooms,
In the past decade the number of California workers with access to a retirement plan at work has plummeted. A recent study by The New School’s Schwartz Center for Economic Policy Analysis (SCEPA) shows that in 2009, 52.3 percent of California’s workers did not have access to an employer-provided retirement plan—representing a 6.5 percent rise over the previous decade in workers without pension access.
This increase poses a danger to the broader economy, which will suffer the destabilizing effects of mass retirement insecurity. Legislators can address this looming crisis with a fair, low-cost solution: opening existing, well-managed retirement systems to private sector employees.
SCEPA’s new statistics underscore the need for the California state legislature to once again take action on legislation based on my proposal. Titled The California Retirement Savings Act, the bill was introduced by State Senator Kevin DeLeon and passed the state senate in February.
(This post first appeared on California Progress Report and is reposted here with permission.)
This November, California voters will have an opportunity to vote on a simple, yet important ballot initiative called Proposition 37 – the California Right to Know Act. If approved, it would require food sold in California supermarkets be clearly labeled if it has been genetically engineered.
What many probably don’t yet know is there is no clearer David versus Goliath fight on this year’s ballot. On one side, is a truly grassroots people’s movement that generated over a million signatures in just 10 weeks, easily qualifying for the November ballot. On the other stands the largest anti-union, pro-pesticide, agrichemical interests in the world dedicated to saying and spending whatever it takes to hide the fact that some of our most important crops are being genetically engineered in a lab without our knowledge or consent.
As more American cities sink into the quicksand of bankruptcy, a veritable Scapegoats’ Olympics has been inaugurated – crowd-pleasing blame games that usually point fingers at workers. Harold Meyerson was having none of it the other day, however, in an L.A. Times op-ed:
“From reading the voluminous accounts of the fiscal woes of Stockton and San Bernardino, you’d think that municipal unions and feckless city officials are primarily what led these cities down the path to fiscal ruin.”
For evidence, Meyerson quotes editorials and columns appearing in the O.C. Register and Sacramento Bee, both of which confidently laid the blame on the pensions of unionized public employees. Of course, the unchallenged narrative among the chattering classes has been all about spineless city governments caving in to unions whose greedy members expect to enjoy a paid retirement when they’re too old to work.
» Read more about: WebHot: Don’t Blame Workers for Bankruptcies »
On June 30, I rode a bus from near the South Los Angeles site of Walmart to the Cornfield – the starting point for the largest rally ever held against the retail giant. It was on this bus packed with African American community activists that I came to fully understand why, as an African American pastor, I have for the last 10 years refused to shop at Walmart.
There has long been a debate in the community about whether low-income African Americans should shop at Walmart. Some people say that Walmart helps those who are struggling economically because they keep their prices low.
The truth is that Walmart is the leader at operating in its own best interest. And that interest – as we see with the enormous wealth of the Walton family – is to make as much money as possible.
There are several reasons why people who depend on the low prices and availability of Walmart should stop shopping there.
» Read more about: Walmart: Any Job Is Not Always a Good Job »
Richard Kirsch has dedicated his life to fighting for universal affordable healthcare. A senior fellow at the Roosevelt Institute and author of numerous studies on healthcare reform, Kirsch wrote New York’s Managed Care Consumer Bill of Rights. Perhaps most notable, however, is the role he played in transforming the recent political discourse with his revolutionary proposal: the public option.
In his new book, Fighting for Our Health: The Epic Battle to Make Health Care a Right in the United States, Kirsch describes the uphill struggle to bring health care to everyone. The book doubles as a memoir and ode to the power of progressive grassroots organizations. He chronicles the history of health care reform as well as his own experience designing and pushing forward the public option — a middle road between private insurance and single-payer coverage.
At a book party and fundraiser at the California Endowment,
» Read more about: The Man Behind America’s Health Care Reform »
Republicans pride themselves of being the champions of small business owners. But it’s helpful to clarify what actually is their definition of a small business.
The Center on Budget and Policy Priorities (CBPP) released a report that shows only 2.5 percent of small business owners would be affected by allowing the Bush tax cuts to expire on the wealthiest taxpayers (top two marginal tax rates).
CBPP writes:
“The claims that allowing the Bush tax cuts for high-income people to expire would seriously harm small businesses rest on an exceedingly broad, and misleading, definition of ‘small business.’ The definition is so broad, in fact, that under it, both President Obama and Governor Romney would count as small business owners—as would 237 of the nation’s 400 wealthiest people.”
Did you catch that? The definition is so broad 237 of the nation’s 400 wealthiest people are considered small business owners.
» Read more about: Ending Bush Tax Cuts Would Affect Few Small Businesses »
On Tuesday, July 24, the L.A. City Council voted unanimously to ban all medical marijuana dispensaries within the city. As the Los Angeles Times explains, this is the “latest attempt to regulate what many say is an out-of-control proliferation” of the pot shops.
I am one of those who say that. Dispensaries are out of control. I am also one of those who think that the council got today’s vote totally wrong.
When the city set up its initial, partial regulatory system years ago, many dispensaries followed the city’s and the state’s rules about when and where they could operate. They worked with doctors and fully vetted their patients. They lab-tested their medicine. They submitted taxes to the city. They took over vacant storefronts. They became good employers and good neighbors.
Other dispensaries, however, skirted the rules. These dispensaries opened in a mad dash.
Just mentioning the Citizens United case is enough to boil some folks’ blood. Citizens United v. Federal Election Commission, No. 08-205 (U.S. Jan. 21, 2010) to use its full name, was the 5-4 U.S. Supreme Court decision that held that corporations and unions have the same political speech rights as individuals under the First Amendment.
The decision, equating campaign money with speech, opened the floodgates for, as some have put it, turning elections into auctions.
But, although a lot of us know something about the decision, mostly focused on its consequences, not enough of us know enough about the case itself—and some of the truly devious people behind it—and we should know.
But before we can begin connecting the dots, we need to identify the dots.
First Dot: Citizens United
The group is a conservative lobbying and propaganda shop located in Washington,
» Read more about: Proposition 32 Group Was Behind Citizens United »