SE News

Seriously Taxing The Rich Will Take ‘Guts’ — And More

It's Our Economy - February 14, 2019 - 1:01pm
Jan Schakowsky doesn’t need to apologize for anything. This veteran member of Congress from Illinois has a record second to none on issues that matter to working people. Over the course of her 20 years on Capitol Hill, Schakowsky has introduced much more than her share of innovative legislation, bills like her Patriot Corporations of America Act, a measure designed to give companies that pay their top execs only modestly more than their workers a better shot at winning government contracts.
Categories: Friends of GEO, SE News

Black Lives Matter Is Making Single Moms Homeowners

It's Our Economy - February 13, 2019 - 1:00pm
In May, Tiffany Brown and her children will move into a new home in the historic Black neighborhood of West Louisville, Kentucky. A single mother of three, Brown has spent most of her adult life in public housing. Her first shot at homeownership comes courtesy of a new project by the Louisville chapter of Black Lives Matter to help provide permanent housing to transient families and low-income single-mother households like hers. She had recently relocated to Section 8 housing because of involuntary displacement in her previous location, the result of ongoing practices of segregation and unequal access to housing based on race.
Categories: Friends of GEO, SE News

America Is Already Socialist, And That’s a Good Thing

It's Our Economy - February 13, 2019 - 9:00am
During Donald Trump’s State of the Union speech, many of the old, white, Republican Senators and Representatives must have gotten more exercise than in weeks, jumping to their feet to applaud almost every sentence of the endless rhetoric. One of the moments that got the loudest applause was Trump’s attempt to blame progressive Democrats for the problems of the current Venezuelan government, proclaiming the U.S. “will never be a socialist country” to a loud standing ovation from Republicans (and too many Democrats) and chants of “USA, USA, USA.”
Categories: Friends of GEO, SE News

You Can’t Design Bike-Friendly Cities Without Considering Race And Class

It's Our Economy - February 11, 2019 - 1:00pm
Designing for bikes has become a hallmark of forward-looking modern cities worldwide. Bike-friendly city ratings abound, and advocates promote cycling as a way to reduce problems ranging from air pollution to traffic deaths. But urban cycling investments tend to focus on the needs of wealthy riders and neglect lower-income residents and people of color. This happens even though the single biggest group of Americans who bike to work live in households that earn less than US$10,000 yearly, and studies in lower-income neighborhoods in Brooklyn and Boston have found that the majority of bicyclists were non-white.
Categories: Friends of GEO, SE News

A Positive Vision For What The Green New Deal Could Be

It's Our Economy - February 10, 2019 - 8:00pm
We interviewed Dahr Jamail about his new book, “The End of Ice,” for our podcast, Clearing the FOG, this week. It will be available Monday. Jamail describes the grim reality of human-caused climate distortion. The bottom line is: It is here. It is accelerating. We need to take swift action to attempt to mitigate it and adapt as best we can. The Green New Deal was introduced this week by Congresswoman Ocasio-Cortez and Senator Markey. It is best described by Jason Grumet, head of a conservative Washington, DC think tank, as “a mirror that allows anyone to see their own interest.”
Categories: Friends of GEO, SE News

Instead of Enriching Shareholders, These Companies Could Give 8 Million Workers a $46,000 Raise

It's Our Economy - February 10, 2019 - 4:00pm
During the most recent fiscal year, the 30 companies that make up the Dow Jones Industrial Average gave $378.5 billion to shareholders. That translates to more than $46,000 for each of their combined 8 million employees. Publicly traded companies—like Nike, Coca-Cola and Apple—have many options for how to spend their profits. Historically, companies spent their profits reinvesting in their business through research and development, mergers and acquisitions, capital expenditures, and workforce training and increased salaries. Today, corporations are spending the majority of their profits on share repurchases and dividends, which enrich executives and shareholders while stiffing workers.
Categories: Friends of GEO, SE News

Offshore Finance: How Capital Rules The World

It's Our Economy - February 10, 2019 - 4:00pm
Offshore finance is not solely about capital moving beyond the reach of states, but involves the rampant unbundling and commercialization of state sovereignty itself. Offshore jurisdictions effectively cultivate two parallel legal regimes. On the one hand, we have the standard regulated and taxed space for domestic citizens in which we all live, on the other we have an “extraterritorial” secretive offshore space exclusively maintained for foreign businesses and billionaires, or non-resident capital, comprising “a set of juridical realms marked by more or less withdrawal of regulation and taxation”.
Categories: Friends of GEO, SE News
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