$1.9 Trillion stimulus bill: relief or ripoff?

first_imgThese slightly edited remarks were made during Workers World Party’s March 11 webinar, “Stimulus Bill — Relief or Ripoff?” moderated by Ted Kelly, WWP-Philadelphia.Ted Kelly. Credit: WW PHOTOTed Kelly: The U.S. Congress passed a bipartisan stimulus bill on March 6. Tonight’s roundtable with young revolutionary workers from Workers World Party will discuss what that means for poor, working and oppressed people.Biden’s campaign promise for the $15 an hour minimum wage was taken out. Extended unemployment benefits in the bill fell from $400 to $300. Two-thirds of U.S. workers report living paycheck-to-paycheck since COVID-19 hit. Nearly half were in that predicament already, due to low wages combined with exorbitant costs of housing and other necessities.But U.S. billionaire wealth increased by $1.3 trillion after the pandemic began. Millions of people lost their jobs, but the superrich increased their wealth by over 40%. Let’s turn to our panelists. What do you think about the stimulus bill?  Megan Murray. WW PhotoMegan Murray, WWP-Philadelphia: The stimulus bill does not constitute a break from neoliberal logic. What neoliberal has meant is government intervention in a submerged or backhanded way for the market. For instance, the Affordable Care Act requires an expenditure of government funding, but not in a direct way like food stamps. With the ACA, people are dying because they can’t afford insulin; people are in hundreds of thousands of dollars of medical debt. The ACA has helped some workers gain access to health care, but by tinkering with the market rate. It hasn’t changed the fact that our health care and our well-being is commodified. So insurance companies, health care businesses, pharmaceutical companies have continually increased their profits. Neoliberal governments intervene to allow the market to sustain itself when certain companies become unprofitable or temporarily unprofitable, but also to ensure that people are getting the bare minimum in order to survive and keep working — without that costing any company its profits.We can see the stimulus bill has that same kind of model.Ezra Echo. WW PhotoWWP-Buffalo: Wages at $15 an hour — Congress could have done that to improve the standard of life for so many workers. Because they didn’t, we still see subminimum wages for service industry workers like myself. We still see disabled workers paid subminimum wages. That could have been rectified in this bill, but they chose not to do that. We have a Democratically controlled White House; we have a Democratically controlled Senate and Congress. So what exactly is stopping them? This is proof that capitalist “democracy” will always find a way to push back what we really need. Now I think instead of $15, we should demand $25 be the minimum wage — just to scare them!Devin Cole. WW PhotoDevin Cole, WWP-Central Gulf Coast: Simply put, it’s not enough — $1,400 in a lot of big cities is not enough to even cover a month’s rent! Some people have been out of work for a year. I lost my job as a result of COVID. It’s not enough to give people money for one, two, even three months of rent — and that’s all they can spend it on. When millions of people are unemployed right now, there’s no kind of safety net. I’m in northwest Florida; down here we have Gulf Power, and they’re overcharging people for electricity. I know people whose power bills are more than $1,400 right now, and they have no way to pay that off because they’ve been unemployed for six or seven or eight months. There are water shutoffs. Evictions have resumed again. There is no safety net. This is as if someone was drowning, and you threw an inner tube out to them, and it had a hole in it, and it was rapidly losing air pressure. That’s going to help them for about 30 seconds, and then they’re going to be back in trouble again. The right wing hates the stimulus because the right wing will hate, if even so much as a dollar is taken from their profits. Revolutionary socialists hate this bill because it doesn’t go far enough!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Southerners come out on top as CHD deaths decline

first_img Previous Article Next Article Southerners come out on top as CHD deaths declineOn 1 Mar 2003 in Personnel Today Those in the south west of England are least likely to die prematurely fromCHDDeaths from coronary heart disease (CHD) fell by 3,000 last year across theUK, with people living in the south of the country the least likely to dieearly from a heart attack. Statistics from the British Heart Foundation (BHF) have shown that women are80 per cent and men 50 per cent less likely to die prematurely from CHD in thesouth west of England than their counterparts in Scotland. But premature death rates are falling across the UK, with the biggest fallin the North for women and in Scotland for men. The number of people consuming above the recommended daily intake of alcohol(3 units) is lowest in London and the east of England, and highest in the NorthEast and North West. The UK’s death rate is not falling as fast as in some other countries. Thedeath rate for men aged 35 to 74 fell by 39 per cent between 1988 and 1998 inthe UK, while in Denmark it fell by 49 per cent, and by 45 per cent in Norwayand Austria. For women, there was a 38 per cent fall in the UK compared with 52per cent in Australia. Only Ireland and Finland have a higher CHD death ratethan the UK among developed countries. Sir Charles George, BHF medical director, said the falling death rate wasgood news, but added: “Levels of smoking have only decreased a littlesince the 1990s, and levels of physical inactivity and obesity are at anall-time high. “People should be aware that we can do much to prevent deaths from CHD,but one of the only ways to avoid a CHD life sentence is to change yourlifestyle.” Comments are closed. Related posts:No related photos.last_img read more

OUCA in election farce

first_imgAnother member agreed, saying, “it’s what candidates tend to do.”The member also expressed concern that the returning officer had only informed the candidates rather than the students who were barred from the elections.“[Neale] hasn’t announced to the membership that the new members won’t be able to vote, instead restricting his comments to officer candidates. Presumably people will turn up on the day, unaware that they have been barred,” he said.The elections normally take place in eighth week but were moved to seventh this term, leading to confusion over when the cut-off date would be for new members.Members predict that the new cut-off date will be most damaging for Malmqvist in the contest for the presidency against current treasurer Alex Elias. “The move has tipped the balance towards the treasurer candidate,” said one OUCA member. “She thought the termly meeting would be the cut off date so she carried on registering people.”Malmqvist condemned the decision, but denied that the move to bar new members would disadvantage her. “I can only express a form of concern that members who are interested in the association, who wanted to join and take part in the elections now can’t do so.”She admitted that one or two of her friends were among the recently-registered members, but claimed, “we always have a large increase in members before OUCA elections.”Ben Lyons, secretary of the Oxford University Labour Club said he was surprised by the controversy surrounding the decision. “It is rather surprising that a students’ organisation which is basically just an excuse for drinking and mild prejudice should go to such lengths to manage their elections,” he said in a statement.He added, “in contrast…we’re seriously involved in Oxford politics, hosting great speakers and taking an active role in our constituency.” Sixty students were barred from the OUCA elections on Wednesday after a last-minute decision by the returning officer prevented new members from voting.According to OUCA members, the sharp increase around election time is due to students signing up to the society in order to vote for their friends.Candidate for the presidency Josefin Malmqvist said she was concerned by the decision. She and other candidates were only informed of the move the day before the elections.She said she knew new members who are “very upset” that they will now not be eligible to vote. “They want to have their say,” she said. “I think it’s a shame.”Returning officer David Neale told officer candidates by email that any student who joined the Association after Monday would not be allowed to take part in the elections. He cited a rule which bars any student from taking part in the ballot if they register after nominations.No new member was eligible to vote in the election, unless his name was read out at Council in 6th week or before. Delays in receiving forms meant that some members who joined before Monday would also be barred on a technicality.Opposing candidate Alex Elias won the election in results announced on Wednesday. He expressed delight at his victory but refused to comment on the electoral issues. He said, “I’m absolutely thrilled. I had a very worthy opponent.”One OUCA member, who wished to remain anonymous, expressed his disapproval over the decision. “Considering most people will have bought a membership – £15 – at this time to vote for their friends in the election, it’s a bit sub-prime,” he said.He acknowledged that it was widespread for candidates to buy memberships for their friends just before the elections so they could vote for them. “Everybody known it goes on,” he said.last_img read more

5 famous finance quotes and how to apply them

first_img“Old men are always advising young men to save money. That is bad advice. Don’t save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.”-Henry FordThe father of American automobiles knows a thing or two about how to be successful. Many agree that investing in yourself is the best investment you can make. Higher education, certifications or seeking out experience are some good examples. I assume that you don’t own a global, industry leading company though, so I wouldn’t forego the saving.“The four most expensive words in the English language are, ‘This time it’s different.’”-Sir John TempletonSir Templeton made his living as a financial investor. He was a pioneer of modern money making who seemed to adapt Einstein’s definition of insanity to finance. His message here is not just applicable to stocks, but also habits after recovering from debt, bad credit and even bankruptcy. Never do the same things with your money when in the past those result have been less than desirable.“A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained. It requires some training, perhaps, to accomplish this economy, but when once used to it, you will find there is more satisfaction in rational saving than in irrational spending.”-P. T. BarnumA business man, politician, author and one of the founders of the Barnum and Bailey Circus company, Phineas Taylor Barnum had a lot to say on money. Note that he also is quoted saying “there’s a sucker born every minute.” While his way of acquiring money may have been less than inspirational, no one can deny he knew how to save it. While getting yourself from the spending to saving mindset may be difficult, once you do it gets easier.“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”-Will SmithThe Fresh Prince himself provides an unfortunate social commentary on a large portion of our society. Never sacrifice your financial well-being to keep up with the Joneses. Buy things for youself, not for anyone else.Foul cankering rust the hidden treasure frets,
But gold that’s put to use more gold begets.-William ShakespeareI was a thespian in high school and for the most part loathed Shakespeare, but there were a few lines that have stuck with me. This line from Venus and Adonis is pretty powerful. Let me ‘translate’ it from Shakespearian for you. If you are to hold onto your money it will just rot away, of course gold doesn’t rust, but treasure that isn’t used is wasted. If you invest or lend it however, you will get a return. 96SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tyler Atwell Web: www.cuinsight.com Detailslast_img read more

Benefit Tourney Set Sunday at EHS

first_imgELLSWORTH — At least 10 teams of players of all ages will participate in a “Pay a Dime for Lyme” basketball tournament on Sunday at Ellsworth High School.Organized by EHS student Ashlee Leighton-Bragg and her mother, Alisa, the tournament will raise funds for Ellsworth youth Hunter Cote, who is battling Lyme disease.The tournament entry fee is $10 and spectator admission will be 10 cents per person.Games will get under way at 10 a.m. and the tournament will continue throughout the day.This is placeholder textThis is placeholder textConcessions will be available and there also will be a raffle of donated items.For more sports news, pick up a copy of The Ellsworth American. Bio Fenceviewer Staff Latest posts by Fenceviewer Staff (see all) Fitness trainer is now cancer-exercise expert – October 12, 2014center_img Schoodic Grange hosting sale – October 30, 2014 Latest Posts Town report wins award – October 11, 2014last_img read more