From The Atlantic: Above is a picture I took of a chart showing how the scheme could work. The chart was produced by activist lawyers in the late 60s trying to demonstrate the effects of contract buying. There are four columns “Documented Price Paid By Speculator,” “Documented Price Change To…
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From Think Progress: Two Tennessee lawmakers introduced legislation that would tie welfare assistance under the Temporary Assistance for Needy Families program to the educational performance of students who benefit from it, and the legislation was approved by committees in both the state House and Senate last week. Under the legislation…
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From ThinkProgress: President Obama called, once again, for Republicans in Congress to support a plan to void the so-called “sequester,” the automatic budget cuts scheduled for March that were set in motion by the 2011 debt ceiling deal. House Republicans responded by releasing a statement that called for eliminating job…
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From CampusProgress: At a press conference Wednesday, President Obama announced the creation of a new social media campaign to raise awareness about the upcoming fiscal cliff. The fiscal cliff—or fiscal showdown, as we’re calling it—is a bundle of expiring tax cuts and cuts to program spending that threaten America’s middle…
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Norquist Tax Pledge Begins to Crumble A Minimum Tax for the Wealthy by Warren E. Buffet The group’s [the Forbe’s 400] average income in 2009 was $202 million — which works out to a “wage” of $97,000 per hour, based on a 40-hour workweek. (I’m assuming they’re paid during lunch…
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From The Nation: It wasn’t even close. That’s the unexpected result of the November 6 election. And President Obama and his supporters must wrap their heads around this new reality—just as their Republican rivals are going to have to adjust to it. After a very long, very hard campaign that…
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See also: World Celebrates Obama’s Win (17)
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