Long term unemployment is becoming a vicious spiral, with greater length of unemployment meaning smaller chances of getting a job, just because you’ve been unemployed for a long time. Bleak picture.
Insert clip from Casablanca: am shocked! Shocked! to find out that insurance companies might be trying to trick people into buying more expensive plans.
Fascinating. According to the article:
If the moratorium remains in place, the suit claims it amounts to landowners being “unconstitutionally deprived plaintiffs of their property rights” and asks the court to force the state to compensate them.
One question not asked or answered in this story, is why NY electric heating bills are so high. The document shared in the story is a fact sheet from 2011, and there’s no link other than that. Don’t worry, though. I’m here to help.
The individual market is where the big disruption in the insurance market is coming from the Affordable Care Act. And that’s where it needs the most disruption.
Spain unemployment drops to 26.26 pct in Q2, _ out of work total drops below 6-million mark - The Washington Post: What … great … news. The unemployment rate reached 25% in the United States during the Great Depression. The New Deal got us out of that mess. The opposite is still being prescribed for Spain (and Greece, and Portugal and Greece … )
Greece’s food crisis: families face going hungry during summer shutdown | World news | theguardian.com: More “shared” sacrifice for Greeks. The people sacrifice while the bankers share the rewards.
UK GDP growth of 0.6% shows ‘Britain is on the mend,’ says George Osborne | Business | theguardian.com: Well, it’s better than 0.3%, sure, but …
IMF predicts stronger growth in Germany next year, warns government not to be overly frugal - The Washington Post: Not to worry though, my fellow Germans are doing fine.
March for Jobs and Freedom
"The sanctity of private property takes second place to the sanctity of the human personality" by digby - Hullabaloo: Martin Luther King Jr.’s speech was the last, but the first was given by A. Phillip Randolph, who organized train porters in the 1920’s forming the first mostly black labor union in the US.
Martin Luther King - I Have A Dream Speech - August 28, 1963 (by sullentoys)
Affordable Care Act
States find new ways to resist health law - The Washington Post: Small-government conservatives hate the Affordable Care Act so much that they’ll leave it to the Federal Government to enforce. Wait, what? (h/t Tim F.)
The GOP in Fantasyland by Eugene Robinson - Washington Post: “There is no chance the Senate or Obama would defund the act.” but you already knew that, right?
The Last Bad Idea: The Patient Protection and Affordable Care Act - The Center for Popular Economics: One of my old professors on healthcare.
"Medicare for All" Would Cover Everyone, Save Billions in First Year - The Center for Popular Economics: That’s right. A healthcare story. It’s been a while, so …
One Reform Indivisble - NY Times: The clearest summary of the Affordable Care Act’s main goal and how it gets there that I’ve read.
New York State
NY prepares for health-care exchanges Oct. 1 - Politics on the Hudson: Just one month away now, New York State’s health exchange has a new name. All those without insurance will be required to enroll or pay a penalty on their federal income tax.
NY leads nation in tax exodus: $45.6B lost to other states - Politics on the Hudson: … and statistics. Notice anything interesting about the chart (besides a number of errors I caught comparing the chart to their source data)? All the biggest numbers are from the most populous states. How do the net gains or losses compare to the total income in those states? For some reason that’s not on display here. If you look at the net gain as a percentage of total Adjusted Gross Income or AGI (as I did, using the average for 2004-2007, the only data I could get for free), the picture changes for many states, although not so much for New York. We’re still at the bottom with -4.9%*, but DC IS just below us at -5.2%. If you look at California and Texas, though, the picture does change: for California, the net loss of $29.4 billion was only 1.8% of the state’s average AGI, which moves it to 35th from 50th; Texas on the other hand gained 17.6 billion, but that was just 2% of average AGI, so they dropped from 3rd to 16th. Sorry, Rick. Either way you look at it Florida is the big winner. Too bad it will no longer exist soon.
* Of course, the financial meltdown that happened in the last decade may have something to do with this.
STAR re-registration now available - Politics on the Hudson: Many property owners will need to re-register for the STAR school tax reduction. Those who do will be getting a letter form the State this month.
Upstate business group calls for tax cuts for struggling counties, residents - Politics on the Hudson: Business group calls for tax cuts for businesses. A true shock. They’re talking about an $834 million reduction in state tax revenues, but not about where the cuts in spending or replacement revenues will come from. They have to come from somewhere though.
Siena: NY’s consumer confidence drops to 20-month low - Politics on the Hudson: People are worried about gas and food prices.
NY pension fund return for 1st quarter: 0.29% - Politics on the Hudson: Much better than last year, though.
Audit: State pension fund using computer code from the 1950s - Politics on the Hudson: Well, that’s reassuring.
Surprise! DiNapoli says pension rates will drop (slightly) - Politics on the Hudson: Well, this is one thing that the stock market recovery is actually helpful for…
Cuomo: No decision yet on hydrofracking - Politics on the Hudson: Cuomo says “[w]e understand the economic benefits.” Really? I guess she didn’t read the same report I did. Unless the implication that he sounds like he’s making, that the economic benefits are clear, are not what he’s trying to say. Because that report makes fracking look like a good idea from an economic perspective by counting the benefits and not all of the costs. When you do that, almost any idea sounds like a good one.
Cuomo: Fracking’s economic benefits ‘inarguable’; wineries opposed - Politics on the Hudson: I don’t think they are inarguable at all, even before you bring in the environmental concerns.
VIDEO: President Obama greeted by anti-fracking protesters - Politics on the Hudson: Not fans of his pro-fracking position apparently.
Marcellus Shale gas production soars in other states - Politics on the Hudson: More efficient production of gas from fracking means more gas despite fewer rigs. Unfortunately for the Southern Tier of New York, this means fewer people staying in hotels while working in Pennsylvania. According to the story from the Associated Press, only good things happen when fracking occurs.
Rising Hegemon : Oh I’m sure it is all TOTALLY safe too: Nothing to see here, folks, or I’ll SUE YOU!
Fracking And Money - The First Rule Of Negotiating With Energy Companies - Esquire: What’s that? Oil companies screwing landowners out of their fracking royalties? But weren’t they the ones who said how awesome it would be for people to get all those delicious monies from fracking? Hoocouldanode?
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