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Volume
9 Issue 2…Dedicated to the Dialogue on Race…January 13, 2004
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Intuit’s Vibe
Living For The City
("Innervisions" (1973))
By Stevie Wonder
A boy is born in hard time Mississippi
Surrounded by four walls that ain't so pretty
His parents give him love and affection
To keep him strong moving in the right direction
Living just enough, just enough for the city.
His father works some days for fourteen hours
And you can bet he barely makes a dollar
His mother goes to scrub the floor for many
And you'd best believe she hardly gets a penny
Living just enough, just enough for the city.
His sister's black but she is sho 'nuff pretty
Her skirt is short but Lord her legs are sturdy
To walk to school she's got to get up early
Her clothes are old but never are they dirty
Living just enough, just enough for the city.
Her brother's smart he's got more sense than many
His patience's long but soon he won't have any
To find a job is like a haystack needle
Cause where he lives they don't use colored people
Living just enough, just enough for the city...
His hair is long, his feet are hard and gritty
He spends his love walking the streets of New York City
He's almost dead from breathing on air pollution
He tried to vote but to him there's no solution
Living just enough, just enough for the city.
I hope you hear inside my voice of sorrow
And that it motivates you to make a better tomorrow
This place is cruel no where could be much colder
If we don't change the world will soon be over
Living just enough, just enough for the city!!!!
Bush v. EPI
In a campaign-style speech before
the Economic Club of Chicago, George W. Bush declared the state of the US
economy is strong. Recent polls
show a majority of Americans are unsatisfied with his handing of the
economy. Similarly low poll
numbers on the war in Iraq seemed to have been positively impacted by a series
of upbeat speeches on that unfortunate conflict. Hence, Bush advisers no doubt hope an economic speech or two
will convince the public its pessimistic perception of Bush economic policies
is wrong.
Ignoring anemic job growth
numbers for December 2005, Bush cherry-picked through national economic data to
cite tax cuts, which are credited with keeping the economy from sliding into a
deeper recession and low interest rates for fueling a booming housing
market. As a result, the US enjoys
an historically high home ownership rate.
In addition, Bush claimed credit for the unusual combination of low
unemployment and inflation rates.
To keep this prosperity train on track, Bush called on Congress to make
his tax cuts permanent. He
told the rather receptive audience that his tax cuts and cuts in discretionary
spending on social programs will reduce the budget deficit by half in five
years.
The Economic Policy Institute
(EPI) has a decidedly different take on the economic situation. For example, EPI shows most of the
recent growth in income went to corporate profits. Adjusted for inflation, median family income has declined as
profits rose. Worrisome issues include household debt and negative saving
rate. More people live in their
own homes, but they are deep in debt.
Many have no equity in these homes. Slow job creation, which has failed to keep pace with
population growth, means people are out of work longer; many have become
discouraged. Under Bush, poverty
and the cost of health care have increased. For the complete EPI economic analysis, log on to www.epi.org/.
John Rogers Commons
(1862 - 1945)
Born October 13, 1862 in
Hollandsburg, Ohio, John R. Commons was reared in Indiana. He studied at Oberlin College and did
graduate work at Johns Hopkins University. After two years at John Hopkins, Commons taught at several
places, before going to the University of Wisconsin, where he taught from
1904–32. During his tenure at
Wisconsin, Commons made significant contributions to economics in the areas of
social reform, labor economics and graduate education.
In Distribution of Wealth
(1893), Commons rejected neoclassical theory, especially its laissez faire
approach to government’s role in the economy. His empirical observations showed the unregulated
capitalistic economy produced a host of undesirable social consequences, which
required governmental intervention.
He understood injustice harmed working people and led to societal
instability.
Commons has been described as
“the intellectual origin of the movement toward the welfare state.” He did not merely object to orthodox
theory; he actively participated in the passage of social legislation that
brought about major changes. He
drafted a civil service law for Wisconsin and influenced the regulation of
public utilities, industrial safety laws, workmen’s compensation, child labor
laws, minimum wage laws for women and unemployment compensation. Commons
drafted much of the reform legislation that made Wisconsin an example for other
states. Not all of his efforts were successful; he did not succeed, for
example, in achieving a national health insurance program.
A pioneer labor economist,
Commons published A Documentary History of American Industrial Society,
10 Vol. (1910–11), and History of Labour in the United States, 4 Vol.
(1918–35). After World War I, he broadened his reputation with the publication
of Legal Foundations of Capitalism (1924) and its sequel, Institutional
Economics (1934). Commons
played a pivotal role in the passage of legislation on all aspects of American
labor from apprenticeship to social security.
Legions of economists trained at
the Wisconsin school; they went on to serve in government, at research agencies
and in universities with Commons’ predilection for applied economics and social
reform. During Commons’ tenure,
Wisconsin became the leading university for producing labor economists. Commons died on May 11, 1945 in Fort
Lauderdale, Florida. (Sources: www.britannica.com,
http://en.wikipedia.org, and www.bls.gov/opub/mlr/1989/05/art4exc.htm)
Debt Trap Un-Sprung?
Starting January 2006, credit
card issuers must comply with the January 2003 guidance on minimum credit card
payments issued by the Office of the Comptroller of the Currency (OCC) or incur
examiner criticism. Under the
previous industry standard, customers were required to make at least a 2
percent minimum payment on the total balance, which often did not pay off the
monthly interest and fees or pay down any principal. The system guaranteed perpetual debt, since unpaid monthly
interest and fees were rolled over into the principal, a practice called
“negative amortization.”
Credit card companies must
require customers to pay at least 1 percent on the principal every month, plus
all the interest, finance charges and over-the-limit fees on the remaining
balance. This will assure a
possibility of a future payoff of the debt. News reports of sticker shock as a result of increased
minimum payment requirements on consumers that live on credit may have been
largely exaggerated. Most major
credit card companies were either already in compliance or quickly changed
their minimum payment requirements to comply with the new guidance. Those that have lagged behind in coming
into compliance are sub-prime lenders, which frequently engage in predatory
practices.
Payday Loans
Predatory lending is generally
associated with the bottom-feeders of the financial services industry. However, most sub-prime lenders are
subsidiaries of major banking institutions. While these financial giants rake in the cash from preying
on poor people and those with poor credit histories that do not otherwise
qualify for loans at their banks, their sub-prime subsidiaries take the blame
for engaging in shady practices, such as “payday loans.”
Thousands have fallen prey to the
‘payday’ loan cycle of debt.
In some cases, borrowers pay interest in excess of 100% on these short-term
loans.
Congress has looked into the situation and proposed legislation to rein in these vultures. However, the financial services industry has powerful lobbies with hefty budgets, a combination known to sway members of Congress.
Venue for an Artist
Georgia Black Chamber Remarks (Excerpts)
By Rep. Cynthia
McKinney (D-GA)
It was at the dawning of the Poor People's Campaign, the
submission to America of the "bounced check to the Negro," and launching
of the demand to Congress for an economic bill of rights that Dr. King was cut
down by snipers' bullets. In 1968,
Dr. King was demanding $12 billion for jobs for those able to work, incomes for
those unable to work, and an end to discrimination. A decade later, President
Carter signed the Humphrey-Hawkins Full Employment and Balanced Growth Act.
How far from the ideals of Dr. King and this legislation
has this Administration taken our country! When Congress reconvenes and takes up the budget, the
Republican majority will be forced to raise the debt limit beyond its current
$8.2 trillion. They will try to
hide that vote from you because it exposes the dismal fiscal stewardship of the
party that is supposed to represent fiscal restraint. Our economy teeters on
the brink due to the profligate spending of the White House and the
Congress. Record deficit. Record
national debt. Record trade deficit.
And sadly, this month I will be
forced to vote on an extension of the Patriot Act and a budget that takes $40
billion away from the sick, the poor, the elderly, single parents needing child
support, college students and their families. No segment of the American
population is left outside the crosshairs of this budgetary weapon of mass
destruction called the Bush Administration and the Republican Congress. Except,
of course, for the wealthy who roll away with an additional $70 billion in tax
cuts and the no bid, sweetheart deal government contracts to which they've
become accustomed.
What is happening to our country
is "sinful." There was a time when the United States government was
known as caring and nurturing of people at home and abroad. Now, I have to agree with Kanye West.
Not only does George Bush not like Black people, his policies hurt all of us.
As a Democrat in a majority Republican House, Senate, White House, and Supreme
Court, you can count on me to do what I can to keep up the good fight in
Washington, DC.
About Me: U.S. Rep. Cynthia
McKinney is considered a radical for her views on issues affecting this
nation. She represents Georgia's
4th Congressional District. For
more, visit www.house.gov/mckinney. You can email Rep. McKinney at hq2600@gmail.com.
Black Contractors
Protest for Jobs
For the past decade or more, jobs
usually performed by blacks on construction sites and with road crews building
bridges and paving highways have gone to illegal immigrants. The excuse for this changing dynamic
has been, ‘these are jobs blacks do not want,’ when nothing could be further
from the truth. Blacks do want
these jobs and others; they simply do not want to work for free or damn near
free, which is slavery, a legacy blacks are still struggling to overcome in the
21st century.
In the time-honored tradition of
civil disobedience practiced by Dr. Martin Luther King. Jr. and other civil
rights activists to raise public awareness and combat socioeconomic and
political injustice, black contractors in Ohio are picketing to demand a share
of public works contracts.
Led by Norman Edwards, vice president of Nolan Contracting, the Black
Contractors Employers Association (BCEA) are targeting construction projects
that have received tax dollars and failed to hire black workers. According to Edwards, “It is an issue
of economics. Blacks are paying
taxes, but they are not getting any work on these projects. It is as if
apartheid is going on in the city of Cleveland." Predictably, those in charge of hiring have criticized the
group for its ‘confrontational’ tactic.
But, the criticism has not swayed Edwards and BCEA.
Most recently, the group protested outside Cleveland State
University, where a $38 million publicly financed project to turn Fenn Tower
into student housing has no minority workers. In 2005, the group picketed outside the $450 million
Cleveland Clinic project, Cleveland City Hall and Winpisinger Senior
Apartments. BCEA is accusing
officials on these projects of refusing to hire black firms.
While public protest is
unorthodox in the area of contracting, the group is drawing much-needed attention
to the plight of black workers.
And, that is a good thing!
Kudos to BCEA for getting noticed.
The Dark Knight-Batman/White Ninja/Zorro got his report
card on Monday. It showed
significant improvement, but his grades failed to surpass those of his
sidekick, who again made the honor roll.
When confronted with failing to get the big money prize again, the Dark
One/Ninja/Zorro complained, “This system is not fair. He has easy work!”
Disgruntled says: Judge
Samuel Alito is expected to be confirmed by the Senate to replace Associate
Justice Sandra Day O’Connor on the US Supreme Court. George W. Bush once famously declared that strict
construction of the US Constitution was his litmus test for judicial
appointments. Of course, no
one in mainstream media remembers that declaration, so now, Bush can get away
with saying he has no litmus test.
But basically Bush and the conservative right, especially its
neo-confederacy wing, will expect Alito, if confirmed, to interpret the
Constitution as the framers intended.
In that case, Alito will not respect black Americans. After all, the framers embraced slavery
and codified the notion that blacks contributed less than white men with
property in creating the wealth of the nation. Do not expect Alito to say he will honor the 3/5 compromise
of Article I Section 2 in making his judicial decisions. Instead, he will do as other
conservatives and disguise his personal biases and say he will honor settled
law, whatever that means.
Disgruntled feels: Amazed! War is
peace, and naked aggression is not a violation of international prohibitions
against such acts. We have entered
the Twilight Zone, where images are distorted and nothing is as it seems. In this flipped script world, you must
think outside the box! The good
guys and gals wear black hats and quote from “The Godfather.” The bad guys break their backs to
distance themselves from the mud and muck they once gleefully wallowed in with
guys now singing for the entertainment of federal prosecutors. We should all be amazed federal
prosecutors can keep the good and bad guys straight. With such switching roles, we will be more amazed if anyone
goes to jail.
Disgruntled wants to know: The Jack Abramoff
scandal shows the power and influence over Congress exercised by those with
money. There is sufficient evident
to suggest he had some influence with the executive branch as well. After all, Abramoff was a Bush pioneer,
raising hundreds of thousands of dollars in campaign contributions. He also served on the Bush transition
team for the Interior Department.
People like Abramoff and big businesses benefit from US government
policies. They grease palms and
gain access to the halls of Congress and the Oval Office to press for passage of
pieces of legislation that benefit them, their clients and shareholders. From the Abramoff scandal, we know at
some level buying our government is illegal. Question is, should services for the poor and needy be cut
to satisfy the endless appetites of the greedy?
Email KarimAG@euro-comm.co.uk Ariel Sharon, Israel's Prime Minister
was a ruthless military commander responsible for one of the most shocking war
crimes of the 20th century, argues Robert Fisk. George Bush acclaims Ariel
Sharon as 'a man of peace', yet the blood that was shed at Sabra and Chatila
remains a stain on the conscience of the Zionist nation. As Sharon lies
stricken in his hospital bed, his political career over, how will history judge
him?
Email www.truthout.com The Pimping of the Presidency…By Lou Dubose..The Texas
Observer..Friday 06 January 2006...Four months after he took the oath of office
in 2001, President George W. Bush was the attraction, and the White House the
venue, for a fundraiser organized by the alleged perpetrator of the largest
billing fraud in the history of corporate lobbying. In May 2001, Jack
Abramoff's lobbying client book was worth $4.1 million in annual billing for
the Greenberg Traurig law firm. He was a friend of Bush advisor Karl Rove. He
was a Bush "Pioneer," delivering at least $100,000 in bundled
contributions to the 2000 campaign. He had just concluded his work on the Bush
Transition Team as an advisor to the Department of the Interior. He had sent
his personal assistant Susan Ralston to the White House to work as Rove's
personal assistant. He was a close friend, advisor, and high-dollar fundraiser
for the most powerful man in Congress, Tom DeLay. Abramoff was so closely tied
to the Bush Administration that he could, and did, charge two of his clients
$25,000 for a White House lunch date and a meeting with the President. From the
same two clients he took to the White House in May 2001, Abramoff also obtained
$2.5 million in contributions for a non-profit foundation he and his wife
operated.
Email www.business.bostonherald.com Treasury Secretary John Snow said yesterday the United States could face the prospect of not being able to pay its bills early next year unless Congress raises the government’s borrowing authority, now capped at $8.18 trillion. Snow, in a letter to lawmakers, estimated that the government is expected to bump into the statutory debt limit around the middle of February. Economists doubt Congress will refuse to raise the limit. A federal default is considered unimaginable because it would rattle bond markets, force interest rates higher and shake the economy.
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