Local Stories, Events
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Health Care & Environment
06.19 Engineers boost output of solar desalination system by 50% [Trump fires scientist. It would be far better to enable their good work.]
06.19 We’ll Never Solve Immigration If We Don’t Solve Climate Change [Why is our President so willfully stupid?]
06.18 The Worst Patients in the World [Is THIS the dumbest thing we can do? Then let's do it!]
06.18 Navy Contaminates Local Groundwater and Sewer System in Maryland [Is THIS the dumbest thing we can do? Then let's do it!]
06.18 Trump's order to trim science advisory panels sparks outrage [Is THIS the dumbest thing we can do? Then let's do it!]
06.17 Hopes for climate progress falter with coal still king across Asia [Governments must subsidize very rapid installation of renewable energy to displace all fossil energy—aka DEATH ENERGY—power plants that must be made illegal ASAP]
06.17 Oil companies double down on plastics as public outcry grows [Obscene!]
06.15 So much plastic is being made that "recycling has no impact" [Non-recyclable plastic must be made illegal to manufacture, use]
06.15 We must transform our lives and values to save this burning planet [Increased ice melt in polar latitudes has been disguising reality in the middle latitudes. This effect will soon be replaced by record heat as ice volume and seasonal melting increasingly declines.]
06.15 This all-male council in Texas just voted to ban abortion [1:59 video; Bad assumptions foment ignorant actions...]
News Media Matters
US Politics, Policy & 'Culture'
06.19 America has never gone this long without hiking the federal minimum wage [The poor would spend every penny and help the economy and decrease health costs. Only dummies don't understand the costly effects of penury.]
06.19 When migrants arrived in droves, this poor New Mexico city opened its arms [A good example for us all: This is the way we must respond to human suffering]
06.18 It's A Horrible Idea To Privatize The Tennessee Valley Authority And Other Public Energy Assets [Is THIS the dumbest thing we can do? Then let's do it!]
06.18 Tobacco's 'Special Friend': What Internal Documents Say About Mitch McConnell [His immorality is in complete control]
06.17 Climate change leadership would create a new 'American century' [We must incentivize the strategic good, again, before it's too late.]
06.17 Drug Cop Worth $400 Million After Bets on Brooklyn Real Estate [A better role-model than Trump or Kushner!]
06.15 White House physicist sought aid of rightwing thinktank to challenge climate science [When your President is a quack he naturally surrounds himself with sycophants]
06.18 As promised, Trump slashes aid to Central America over migrants [Is THIS the cruelest thing we can do? Then let's do it!]
06.18 ‘The Saudis couldn’t do it without us’: the UK’s true role in Yemen’s deadly war [If you act psychopathic you are psychopathic; 3:40 Video: Where have all the flowers (and morals and young men) gone, long time passing, sung by Marlene Dietreich]
06.17 'Blatant Theft': Netanyahu Unveils Illegal Settlement Named 'Trump Heights' in Occupied Syrian Territory [Great deal: the U.S. gives Israel $Billions every year, and they name an illegal settlement—to be built on Palestinian land—after Trump]
Economics & Corrupt Capitalism
06.15 'Eye-Popping': Analysis Shows Top 1% Gained $21 Trillion in Wealth Since 1989 While Bottom Half Lost $900 Billion [More equality or bring back the guillotines!]
International & Futurism
06.19 Trump Enabled an ‘Act of Organized Crime’ in Guatemala [Trump and other mafia-dons cause refugees and migrants as much as global warming]
06.19 Madrid’s new rightwing council suspends low-emissions zone [“Stupid is as stupid does.” –Forrest Gump]
06.19 Donald Trump’s reckless Iran policy casts doubt on the US as global leader [America's reputation has plummeted more speedily since Trump's dubious election, with professionals willfully replaced with less competent appointees or left unfilled in many federal government agencies]
06.18 'If This Is True, They Are Even Bigger Lunatics Than We Realized': UN Officials Reportedly Believe Trump Planning 'Massive' Bombing Campaign in Iran [Never underestimate the stupidity of the Trump Administration]
06.18 Iran will not wage war against any nation, says Hassan Rouhani [Economic sanctions are cruel punishment to innocent civilians causing hate for generations. We will reap what Trump sows.]
06.17 Saudi Arabia May Execute Teenager for His Protests — Including When He Was 10 [America's “best ally” is psychopathically insane]
06.17 Why Venezuela Is the Vietnam of Our Time [Powerful, clear writing!]
Let’s Fix America’s Rotten Business Plan
Wednesday, 6 October 2010
America’s business plan is totally corrupted to serve off-shoring corporations for maximizing profit and swelling GDP, which now stands for nothing because it is disconnected as a metric measuring national economic health and good jobs.
America’s business plan--its business formula--is totally corrupted to serve off-shoring corporations for maximizing profit and swelling GDP, which now stands for nothing because it is disconnected as a metric measuring national economic health and good jobs. Meanwhile the quality and pay of American jobs is in free-fall, as even high-technology, science and engineering jobs are off-shored. Entire divisions of our largest tech companies are being off-shored to Asia to increase profits without restriction or tax penalty.
Yes, our recent college graduate kids can still find jobs more readily, but these are not the quality of jobs a prior generation could expect—many college-level jobs have been off-shored to Asia to reduce labor costs. Only children of the elites/well-connected have a good shot at high-income careers in the U.S. (not counting lucky good actors and professional athletes).
Most of our not well-born/well-connected college graduates carry very high college debt and have little option but to take low-paying jobs in retail or commission-only sales to make minimum loan interest-only payments, because so many well-paying high-tech engineering and science jobs have left the country.
Meanwhile, there is the phenomenon where profits earned off-shore doesn’t even return to the U.S., thus avoiding paying corporate taxes while at the same time depriving domestic banks of deposits to leverage to make loans against would-be greater assets, thus tightening the credit market more than natural, exacerbating recession recovery.
With the recession thus continuing, deficits hard to reduce, and more needed job stimulus not passable in Congress, we must print more and more dollars to keep interest rates low so our economy doesn’t go over the cliff. But this feeds the fall in the dollar’s worth compared to other currencies and gold, and devalues our savings. It will, however, make paying the debt easier with devalued currency, provided interest rates are kept low and incomes and tax revenue go up. The number of “ifs” are stacking up.
And now, after the Citizens United ruling by the Supreme Court, our “patriotic” corporations can shovel unlimited money into election campaign ads, making it near-impossible to change government through elections, especially since sympatico corporations control America’s mainstream media.
So the public will never understand how much they are being lied to about such hugely important issues. They will never understand, for example, that profits of “American” corporations mean nothing positive to American families in terms of jobs or income for their children. Rather, the opposite has happened; “our corporations” are creating jobs in lower-wage countries instead of at home.
Recent news reports say that Republican PACs run by Karl Rove, Dick Armey and their ilk have been raising four times more corporate money from corporations than the Democrats, and they are about to unleash a new wave of negative ads to defeat even “conservative" Democrat candidates striving to curry corporate support.
Simple legislation we must do NOW can solve many of these problems and decrease the deficit:
Mr.Cherbonnier is the web editor of this newspaper.
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Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.This story was published on October 6, 2010.