naked cap: As ObamaCare Death Spiral Continues, Flailing Institutions Attempt to Cope.
naked cap: Economic ‘Recovery’ Feels Weak Because the Great Recession Hasn’t Really Ended.
“But there really isn’t a recovery, and no signs of it on the horizon, because people have to pay the banks. It’s a vicious circle – or rather, a downward spiral. Basically, the IMF economists are just throwing up their hands and admitting that they don’t know what to do, given the limits of their tunnel vision.”
In These Times: Hillary Clinton’s Millennial Problem Is Because of Her Policies, Not Her Gende
“Laying out plans for single-payer healthcare and a $15 minimum wage, Sanders beat Clinton among millennials in each one of the 27 states where they faced off in the primaries. And he might still be the most popular politician in the US today.” The gender thing is so overdone. Yes, it exists. I’m not minimizing it. But by harping on it constantly, Hillary supporters drive any shred of enthusiasm into the toilet. It gets to the ‘thought police’ stage. Ridiculous. As I’ve said, Hillary better start talking ACA, public option, single payer, or November will see her slim lead disappear in those seven to eight days.
New Yorker: Trying to Solve the L.E.D. Quandary.
“Cree’s solution to socket saturation is gadgetization, which is itself a form of obsolescence, effectively shortening a product’s life span. [snip] Disposability was one of the ills L.E.D. technology was supposed to end.” The problem with CFLs (rather, many problems but I’ll point out the one most jarring) was color balance. You expected a light to respond as an incandescent would. Certain CFLs would turn reds a deep, rich black. It was bizarre. I hate to see LEDs go that route ON PURPOSE. Cree has been a good brand. I think they’re making a mistake.
Dissent: How Tax Havens Make Us Poor.
“In the United States, repatriating hidden fortunes could amount to increasing the taxes on the wealthiest citizens by 18 percent. For developing countries, the stakes are higher. By Zucman’s estimates, 30 percent of Africa’s financial wealth in 2014 was held offshore, costing the continent’s governments and its people $14 billion. That’s compared to 10 percent of financial wealth in Europe, 4 percent in both the United States and Asia, 9 percent in Canada, and more than 50 percent of financial wealth held by Russians and citizens of the Gulf countries ...”
I’m going to say it again. November 1 and November 8. Hillary, inoculate yourself.
The new ACA rates come out on November 1. Election is November 8. The new rates are going to sink you, Ms Clinton, unless you do something NOW. Your polling margins are terribly slim. Even three days of the 24/7 news cycle can sink you. Please listen, take my advice. DO SOMETHING. Don’t just shimmy.
I told everyone back when this started that the media would do their utmost to make this entire political season a 50/50 horserace. They have done so through simply terrible journalistic practice and false equivalence. When you’ve blogged through as many elections as I have, and had to suffer Bush/Gore, you know the territory. Sometimes I hate being right.
naked cap: New Data Disproves US Corporations’ False Narrative on Taxes.
Jeez. Take the money and run, why don’t you?
Vox: New research suggests an aging workforce is holding back economic growth.
Read to the end before, like me, you have a bloody fit. A lot of assumptions here. At 56, I’m more productive than I’ve been since my 30’s. But I have to be. I wonder if they included sole proprietors and/or freelancers in the study.
McSweeney’s Internet Tendency: Our Tiny Home is Revolutionizing How My Wife and I Fight.
“So is it worth all the money you saved? Well, let me put it this way… when I look into the eyes of my spouse as she does dishes in our bathroom-kitchen hybrid and I see the eternal look of resentment on her face, well, you can’t put a price tag on that.” Trouble in tiny paradises?
The Atlantic: What America Lost as Women Entered the Workforce.
Long read. The little old ‘widder ladies’ kept eyes on us kids, made sure we behaved within the bounds of propriety. Well, as long as we were within the range of failing eyesight.
Guardian.UK: Household incomes rose in 2015 for first time in eight years, US Census says.
“Household incomes in the US finally broke free of the recession in 2015, rising for the first time since the Obama election, the Census Bureau announced on Tuesday, but they still remained below levels before the recession.” As I’ve been saying repeatedly ... the Administration and the media have been hooting and hollering about ‘recoveries’ for years now. We’re still NOT back. Hurts worse in the poorer states (NM being one).
The Atlantic (June, 2016): Images of Twenty-First Century Cowboys.
WaPo: Democrats wonder and worry - Why isn’t Clinton far ahead of Trump?
It’s going to be the craziest 60 days we’ve ever seen in politics. I’ll say it again. Obamacare’s cost increases go live on November 1. One week before election. Hillary better have a fix long before, or else she could lose this with her current slim margins. Back-pocket election. Many things can happen in between, but that could end up being the nail in the coffin.
BillMoyers: Why a Single-Payer Health Care System is Inevitable.
“Health insurers spend lots of time, effort and money trying to attract people who have high odds of staying healthy (the young and the fit) while doing whatever they can to fend off those who have high odds of getting sick (the older, infirm and the unfit). As a result we end up with the most bizarre health-insurance system imaginable: One ever better designed to avoid sick people.” My italic emphasis.
Tax Justice Network: Corporate tax cuts - why the old analyses don’t stack up any more.
Valet.: Forget the Man Cave. You Want a Gentleman’s Study.
Someday, I hope to do something Hemingway-esque for my office. The ones pictured here — too contemporary. Hit Craiglist and local consignment. Better stuff.
SF New Mexican: Tensions soar as more and more drifters call national parks home.
The Atlantic: The Couple Who Worked as Truck Drivers Together.
naked cap: ObamaCare Death Spiral Accelerates as Aetna Pulls out of the Exchanges.
“The [insurance company] dropouts also undermine a key promise of the law: multiple insurers would compete for consumers’ business each year, and the power of the market would control costs and raise quality. Instead, the opposite is happening.” My italic emphasis.
naked cap: Will Elizabeth Warren Stymie Clinton’s Pro-Big Finance Campaign Promises?
“The Warren-istas understand that the Republicans are likely to have just around half of the Senate, and are likely to retain control of the House. The bad news, for Ms Warren’s supporters, is that new laws will be hard to pass. The good news is that the existing laws, including Dodd-Frank and the SEC’s governing legislation, already give future appointees all the authority they will need.” Why she would have been wasted as VP.
Nat’l Post: If the gig economy is booming, why is ‘freelance’ still a fail?
“As companies become less loyal to workers – creating work conditions most favourable to the Patrick Batemans of the world – people are pushing back and setting their own wages, hours and terms of employment.”
The Atlantic: A Conservative Entitlement Program for Paid Family Leave.
“... now a Republican-backed research group is going significantly beyond those plans and suggesting the kind of solution conservatives have rejected for years: a new entitlement program for the working poor.” Perhaps another sign of a more wide-ranging political ideology course-correction, to return to (what I consider) ‘center’ philosophies. We’ve been so far rightward for so long ... only those who can remember McGovern seem to recall what a real Democrat was. Don’t even start me on what a ‘moderate Republican’ used to be.
NY Times: Donald Trump Is Making America Meaner.
Art gallery personnel in Santa Fe, many of whom I associate with, have noticed a sharp uptick in unmannered, bigoted, self-centered people imposing their deeply-held manias on others. Past time for someone to shut the guy down.
PS Mag: Twenty Years Ago, We Reformed Welfare.
“The program’s fixed block-grant structure meant it couldn’t respond to economic downturns by increasing aid. During the downturn — which was, lest you forget, the most severe economic slowdown in recent history — many states actually aggressively cut people from the welfare rolls in the face of budgetary pressures, reporting declines in their welfare caseloads.” Yeah, the Clintons should not brag about this. My fellow Dems know about the bait-and-switch of block grants. Well, if you oppose them now, you should not believe this is a feather in the Clinton cap. Never again.
Political Wire: Clinton Paid 34% Effective Tax Rate.
“Mrs. Clinton and her husband, former President Bill Clinton, paid an effective federal income tax rate of 34% in 2015 and donated nearly 10% of their gross income to charity, the campaign said in a statement.” A proper display of financial ‘patriotism’. Now the other candidates need to step up ...