temps in the universities.
Quite apart from the educational benefits, this is a great jobs program. Some of the research I’ve been involved with at Levy Economics Institute has shown that early childhood education spending creates twice as many jobs as construction spending and is more likely to generate employment for lower income women, as well as allowing lower income women with children the time to work for pay. The increased income tax revenue will at least partially pay for the program, though that wasn’t brought up in the article.
Hudson School District is in an improved financial position for the second year in a row according to the Comptroller’s report. Of course, that tells us nothing about the education that’s happening, but it does affect the pockets of property owners in the district (such as myself).
… is being waged by ALL health insurance plans, not just those under the Affordable Care Act: “Every employed American must realize that employment-based health insurance coverage is implicitly community rated with respect to age, gender and health status.” Community rating refers to the practice of lumping people into groups (under the Affordable Care Act, by age and smoker/non-smoker status), and charging everyone in the group equal amounts. Every other health plan already does this, with the exception that they also use gender, so that women pay much higher premiums. Because they have children, don’t you know. Which men should have NO responsibility to pay for. *rolls eyes*
This is the biggest laugher from the article: “The Davos meeting has often been targeted by anti-globalisation campaigners for being an exclusive club for a small, powerful elite but Adrian Monck, the WEF’s head of communications, said inequality and the wealth gap was on the agenda. “We need to mobilise people around these issues and make people aware of them”, he said.” Indeed. Make what people aware of them? Not the people at the lower end who are already quite well aware of these issues, thank you very much, but the people at the other end. The point being that the elites, the rich and powerful, need to step up and deal with these issues in a way that will prevent anything too drastic from happening, like them losing their privilege. If the World Economic Forum is talking about this, it means it’s a good time to push forward, before these elites have the chance to catch up and co-opt the movement.
Occupy SEC, made up of Wall Street insiders, has a big impact on the final version of the Volcker Rule, which is “designed to limit proprietary trading and other forms of excessive risk-taking at very large banks.” Proprietary trading basically means these banking corporations making big risky bets with their own money, as opposed to just with their clients’ money. This is a problem when the bank is so large that a risky bet gone bad could threaten the whole financial system or when banks bet against their own clients (whether or not it’s because they know the financial products they sold to them are worthless).
Because, contrary to popular belief, government spending is not equivalent to the President lighting a pile of cash on fire on the White House lawn. Government spending on goods and services works just the same as yours or my spending: it creates jobs by creating demand for goods and services. This is not rocket science.
This is another problem with the headline unemployment rate: it undercounts the actual depth of unemployment, especially now. While the rate is officially 6.7%, recovered to the rate it was in the early part of the recession, the employment population rate has not recovered at all from the bottom it hit in 2009.