You are here

Global

Alan Greenspan: Extending Bush Tax Cuts Without Paying For Them Could Be 'Disastrous'

Former Fed Chairman Alan Greenspan said that the push by congressional Republicans to extend the Bush tax cuts without offsetting the costs elsewhere could end up being "disastrous" for the economy. In an interview on NBC's "Meet the Press," Greenspan expressed his disagreement with the conservative argument that tax cuts essentially pay for themselves by generating revenue and productivity among recipients. "They do not," said Greenspan. For more information: http://www.huffingtonpost.com/2010/08/01/alan-greenspan-extending_n_666549.html

David Stockman: Four Deformations of the Apocalypse

In a rare OpEd in the New York Times, David Stockman, former Republican Office of Management and Budget Director under the Reagan Administration, lambasts the Republican party for its irresponsible stand on maintaining the Bush tax cuts during a time of ballooning Federal deficit. -- An important read. By DAVID STOCKMAN Published: July 31, 2010 IF there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt — if honestly reckoned to include municipal bonds and the $7 trillion of new deficits baked into the cake through 2015 — will soon reach $18 trillion. That’s a Greece-scale 120 percent of gross domestic product, and fairly screams out for austerity and sacrifice. It is therefore unseemly for the Senate minority leader, Mitch McConnell, to insist that the nation’s wealthiest taxpayers be spared even a three-percentage-point rate increase. More fundamentally, Mr. McConnell’s stand puts the lie to the Republican pretense that its new monetarist and supply-side doctrines are rooted in its traditional financial philosophy. Republicans used to believe that prosperity depended upon the regular balancing of accounts — in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses, too.

Gulf Oil Spill: BP Says Time For 'Scaleback' Of Cleanup Efforts

The title of this article would seem to indicate that BP, now having capped the Deepwater Horizon well that has spilled millions of gallons of oil into the Gulf of Mexico with devastating impacts on the Gulf's ecosystem, believes that its responsibilities to correct the damage done is now coming to a conclusion. The reality of the situation may be far more complex. If BP is allowed to walk away from this catastrophe ignoring impacts on wildlife, the foodchain, human health, livelihoods, the social ecology of Gulf coast communities, and the economy of the region, what does that portent for future abuses by the petrochemical industry in the Gulf of Mexico? With James Lee Witt (former FEMA Administrator) entering the picture, perhaps there is some inkling of hope. How far will a James Lee Witt go to address the One Health dimensions of the Deepwater Horizon oil spill's impacts on the Gulf region? That remains to be seen... "BILOXI, Miss. — BP's incoming CEO said Friday that it's time for a "scaleback" of the massive effort to clean up the Gulf of Mexico oil spill, but stressed the commitment to make things right is the same as ever. Tens of thousands of people – many of them idled fishermen – have been involved in the cleanup, but more than two weeks after the leak was stopped there is relatively little oil on the surface, leaving less work for oil skimmers to do.

Gulf of Mexico Has Long Been Dumping Site

This article states that the social ecology of the Gulf region has evolved into accepting environmental abuse and a passive resignation that the petrochemical industry in the Gulf Region is intertwined with its political and economic systems. The Deepwater Horizon oil/natural gas spill crisis, as perhaps the United States worst environmental catastrophe, according to this article is only one act of many over a 50 year period that has caused the Gulf of Mexico to become an accepted dumping group for environmental pollutants. If so, what will bring the Gulf back to a having a healthy environment and a resilient and sustainable social ecology? The following excerpt from this New York Times article provides the reader with a sense of the resignation, apathy, and lack of education within the Gulf coast citizenry of what they can do to be a part of bringing the Gulf back from the Deepwater Horizon catastrophe. By CAMPBELL ROBERTSON Published: July 29, 2010 "...The gulf has changed, Mr. Pitre said: “I think it’s too far gone to salvage.” The BP oil spill has sent millions of barrels gushing into the Gulf of Mexico, focusing international attention on America’s third coast and prompting questions about whether it will ever fully recover from the spill.

Science alone not enough to boost world farm output

(Reuters) - Feeding a fast-growing global population in the face of climate change and stagnant funding for food aid and farm research will require a fundamental revamp of agriculture, agricultural experts said. GREEN BUSINESS | COP15 But unlike the "Green Revolution" that dramatically hiked agricultural output in Latin America and Asia from the 1950s, a new agricultural restructuring will need to focus as much on new seed varieties as on good governance, women's empowerment and things like curbing commodities speculation, they added. "We cannot address world food security risks effectively only through a science and technology agenda," Joachim von Braun, former director general of the International Food Policy Research Institute (IFPRI), told a conference Sunday. "We need to get appropriate market regulations to prevent excessive speculation," he added on the opening day of the conference held in southern France to discuss a roadmap to reform agricultural research to meet development goals. Speculation in food markets contributes to fuelling price swings that can undercut the ability of farmers to plan, often leading them to over or under-produce.

President Obama on Health Care Reform

Dear Friend,

I recently began work as the Director of the HHS Office of Health Reform, and I wanted to share President Obama's weekly address with all of you.

This weekend the President's address focuses on the urgent need for comprehensive health reform. The President noted:
"...We know that our families, our economy, and our nation itself will not succeed in the 21st century if we continue to be held down by the weight of rapidly rising health care costs and a broken health care system."

You can watch the President's address now by visiting www.whitehouse.gov.

The U.S. Resilience System

The U.S. Resilience System is a society-wide initiative with the goal of improving the health, well-being, and prosperity of American citizens and their communities, within the United States and abroad, during this period of fundamental change. During the 20th Century, American systems, built upon a reductionist science base, economic base dependent upon inexpensive fossil fuels, and industrial age technologies had competitive advantages and made widespread positive impact throughout the world. Unfortunately, today, many of these same systems are now antiquated, not well adapted the 21st Century social ecologies, and are finding it ever more difficult to successfully meet the challenges we now face. A U.S. Resilience System is emerging to step into the breach to address the gaps that are widening in association with 20th Century infrastructures and institutions that are falling behind in meeting the needs of Americans.

Pages

Subscribe to Global
howdy folks