The Congressional GOP continue hostage taking aimed at deficit/debt reduction via the sequester at least until the next budgetary showdown/government shutdown threat due near the end of March 2013. The pattern has repeated itself ever since the Republicans took over the House after the 2010 midterm elections. A different name for the crisis is used in each reincarnation, but the result is the same. A last-minute soon-to-expire solution is reached to keep things going until the next deadline, which isn’t far off.
Despite winning re-election for the President in 2012, along with gains in both the House and the Senate, neither house of Congress is really controlled by the Democrats. Despite supposed reforms designed to streamline legislative action in the Senate, Republicans have shown no inclination to reduce their abuse of the filibuster, using it to delay the confirmation of a new Secretary of Defense until after an important NATO…
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The Securities and Exchange Commission has been considering (and considering, and considering) a new rule mandated three years ago under Dodd-Frank that would require companies to disclose the ratio between a CEO’s compensation and the median pay of the firm’s employees. Corporations have pushed back powerfully, claiming that gathering that median employee income statistic would be onerous (math being hard). But reports say the SEC is finally readying to role out their proposal for how this rule would work — it’s expected any day now.
Bartlett Naylor, a financial policy advocate with the good government group Public Citizen and the former chief of investigations for the U.S. Senate Banking Committee, hopes that news reports are right and that, after more…
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(not satire – it’s the Lib Dems and the Tories!)
In the coalition agreement, the Tories and Liberal Democrats said changes to the retirement age for women wouldn’t take place until at least 2020:
“We will phase out the default retirement age and hold a review to set the date at which the state pension age starts to rise to 66, although it will not be sooner than 2016 for men and 2020 for women.”
Unsurprisingly however, the coalition have broken the agreement. They’ve announced that changes to the State Pension Age would be brought in much sooner than they promised – with less than two years’ notice in some cases. This leaves tens of thousands of women approaching retirement age without a pension they’d planned for – sometimes for as long as 6 years.
A lot of men are also facing much longer waits for a state pension than they’d budgeted…
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When Minnesota Governor Mark Dayton took office in 2011, Minnesota had more than a $6 billion dollar deficit and an unemployment rate of 7%. Today, Minnesota’s unemployment rate is now below 4% and they have a budget surplus of over $1.2 billion dollars. How did Mark Dayton do this?