Mercury Rising 鳯女

Politics, life, and other things that matter

Archive for March 26th, 2009

Missing news

Posted by Charles II on March 26, 2009

Here’s one you won’t hear about in the corporate media (From DN):

The US and Israel are being accused of killing up to thirty-nine people in a bombing attack in Sudan this past January. According to reports, US or Israeli forces allegedly attacked a convoy of seventeen trucks suspected of carrying weapons intended for smuggling into the Gaza Strip. A Sudanese government minister confirmed the strike, saying a “major power” carried it out.

(emphasis added)

Posted in israel | Comments Off on Missing news

Pulte & Del Webb: Homes from hell

Posted by Charles II on March 26, 2009

Via commenter Jo6Pac, this interesting piece from James Parks at the AFL-CIO blog:

A Pulte Homes executive got a special delivery this morning, when 50 angry workers and supporters dropped lemons in front of him at a state board meeting. The workers and homeowners in three western states say buyers should beware before they purchase a home built by Pulte or its subsidiaries.

…nearly two-thirds (63 percent) of respondents to a survey of owners of homes built by Pulte and its Del Webb subsidiary reported their homes had construction defects. …based on surveys of 872 Pulte and Del Webb homeowners from Nevada, Arizona and California. According to the report, another 43 percent of respondents reported they would not buy another Pulte or Del Webb home.

The homeowners claimed defects with nearly every aspect of home construction: foundation, roofing, electrical, stucco, air conditioning, windows, plumbing, drywall, painting among others. Click here to read the full report….

The survey results are not surprising, says John Smirk, business manager for IUPAT District Council 15.

Workers tell us they are pressured to complete homes very fast. They work through breaks, lack adequate drinking water and safety equipment. Also, many workers report that they are not paid correctly for their work and morale is low.

Weak unions => crappy quality.

Posted in financial crisis, unions | Comments Off on Pulte & Del Webb: Homes from hell

The cost of poverty: years lost, talent lost. And it is hurting us all.

Posted by Charles II on March 26, 2009

Every time I listen to the Conservadems talk about how they’re being the guardians of bipartisanship, I want to smack them. They are literally killing people with their $#%^ing bipartisanship. We know that 16,000 Americans die every year from lack of medical insurance. Many more die young. And the potential talent locked in millions of children is either wasted or directed into crime. To get a sense for how poverty destroys, look at this article on a study in Wales, a homogeneous population covered by National Health Care and with a centralized school system, so really the only variable is income:

Poverty alone costs people 7 or 8 years of life.

“In the area in which the Warner family live a woman can expect to live for 76.2 years and a man 72.4 years,” she said.

“Whilst this is not the lowest life expectancy in Wales, it is nonetheless significantly lower than in other areas.

“Even within Rhondda Cynon Taf itself the life expectancy in one of the least deprived wards, Llantwit Fadre, is 83 for women and 79.2 for men.

And kids?

But he [Professor David Egan] warned that nearly 70% of young people in the area would not get the qualifications normally associated with future success.
Read the rest of this entry »

Posted in financial crisis, poverty, Wales | 1 Comment »

Roubini, Richardson: Give Credit To Geithner’s Plan

Posted by Phoenix Woman on March 26, 2009

Surprise! Doctor Doom actually likes most of the Geithner Plan:

For the economy to be viable, the financial system must be healthy. For this to occur, the system needs to be cleansed of its poorly performing loans and so-called toxic securities backed by loans. This way, once creditworthy institutions and individuals come to the market looking for capital to borrow, financial firms will be in a position to lend them money.

Secretary Timothy Geithner’s new toxic asset plan is a serious step in the right direction in that it creates a public-private partnership to buy the troubled assets of financial firms – in other words, to do the necessary cleansing. Up until now, with all the government bailouts, the financial system has been barely treading water. With this plan, it will still be a hard swim, but, at least, there is a path to shore.

Posted in bailout, banking, economy | 16 Comments »

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