Category: money

It’s Not A Liberal or Conservative Issue

It is my general feeling that amending the United States Constitution is something that should not be suggested lightly. There’s a whole slew of proposed amendments that never really went anywhere.

Still, I’m mulling over this e-mail I got from Uthaclena which reads in part: “As you are undoubtedly aware, the Supreme Court recently decided that Corporations are Persons who are entitled to spend as much money on ‘free speech’ to effect elections as they like. I believe that most Americans, be they Liberal or Conservative, Democrat, Republican, Libertarian, Green, or Independent, thinks that this is ludicrous. The ruling legitimizes the business of BUYING elections, which is already a grave threat to our democracy. This is an issue that should unite us despite the partisan contention of the last decade.”

Well, yes. When I commented on the court case initially, my view was what it was, one commenter suggested, because I was liberal. I AM a liberal, but the issue was that the Court seemed to cede power from the people to the corporate state. It seemed radical. People complain about the “activist” court when some “progressive” ruling down. Well, this was the height of judicial activism. Along with the Griswold decision to essentially allow eminent domain for “economic” reasons, this court has put the people last.

So I’m feeling inclined to support such a measure.

“Maryland Congresswoman Donna Edwards and Congressman John Conyers Jr. of Michigan, have co-sponsored a bill to send a Constitutional Amendment to the States for ratification that would allow corporation’s influence to be limited. The proposal reads:

111TH CONGRESS, 2D SESSION
H. J. RES. ___
Proposing an amendment to the Constitution of the United States permitting Congress and the States to regulate the expenditure of funds by corporations engaging in political speech.

IN THE HOUSE OF REPRESENTATIVES
Ms. EDWARDS of Maryland (for herself and Mr. CONYERS) introduced the following joint resolution; which was referred to the Committee on __________________

JOINT RESOLUTION
Proposing an amendment to the Constitution of the United States permitting Congress and the States to regulate the expenditure of funds by corporations engaging in political speech.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:

‘ARTICLE—
‘SECTION 1. The sovereign right of the people to govern being essential to a free democracy, Congress and the States may regulate the expenditure of funds for political speech by any corporation, limited liability company, or other corporate entity.
‘SECTION 2. Nothing contained in this Article shall be construed to abridge the freedom of the press.’.

You can voice your support of Representative Edwards here.

But more importantly, contact YOUR OWN Congressional Representative and ask them to support this resolution so that it can move forward. If you are uncertain who your representative is or how to contact them, use the locator.

The source article can be read here.

(WARNING! Leftie blog!! ;-)”

ROG

ROG

Earl Warren Would Have Hated the Citizens United Ruling

The disturbing 5-4 ruling by the Supreme Court in the Citizens United vs. the FEC this week is based largely on the notion that a corporation be legally considered a person, with the same rights of freedom of speech. This was based on what I always a convoluted interpretation of the Fourteenth Amendment, the “equal protection”, post-Civil War amendments designed to prevent states from discrimating against newly freed black slaves. (Arthur at AmeriNZ rants about this here.)

What would Earl Warren, the California governor nominated as Chief Justice of the Supreme Court by President Eisenhower (reportedly, to his lasting regret), and who served from 1953 to 1969, think of this new ruling? He would have opposed it vigorously. How do I know? I asked him.

Not about the current situation of course; Earl Warren died in July 1974. But the spring of 1973, I took a political science course, and one of the things our professor Ron Steinberg arranged was a meeting by the now-retired author of such landmark rulings as Brown v. Board of Education (equal education regardless of race), Miranda v. Arizona (police to advise suspect in custody of rights), and Reynolds v. Sims (one person, one vote).

Earl Warren spoke to us about many of the cases his court dealt with. As I recall, he seemed optimistic that the court, by then under the jurisdiction of Warren Burger, would continue to open avenues for historically discriminated-against individuals.

Then we got to ask him questions. Dry-mouthed, I rambled some question based on research I had done. It clearly wasn’t apparent what I trying to get at. Finally, I asked him if he thought the Court’s long-time assertion that a corporation was a person was consistent with the legislative intent of the Fourteenth Amendment. He got agitated, apparently not with me, but with the core of the question. “My, no!” he exclaimed. He thought it was a great overreach, not at all consistent with what the amendment was designed to do.

I’m confortable asserting that Earl Warren would have HATED this week’s ruling.

Social Insecurity


My favorite time of the year is when I get that statement from the Social Security Administration telling me how much money I have made each year. I’m less interested in how much I made last year as I am years ago.
1969 – $529: seven months as a page at the Binghamton Public Library
1970 – $102: I have no idea
1971 – $3,371: six months working at IBM before I went to college. This would be the most money I would make until 1978. I made enough to pay for my college expenses and to lend my parents $1500 for the down payment on a house. Tuition was cheap, and I had a Regents scholarship to SUNY New Paltz.
I worked odd jobs during college, making as much as $2,661 in 1975 and $50 – $50? in 1976.
1978 – $7,434: I was a teller for the Albany Savings Bank for one month, where I was making $6,000 a year, less than what I had in my drawer on state paydays, before I quit to work for the Schenectady Arts Council, at $8,400/year. Unfortunately, that CETA job ended early in 1979.
Then from 1980-1988, I could see my pay progress at FantaCo in Albany, only to drop back in 1989, when I worked for Empire Blue Cross. I mention this specifically because there were some people at the time who thought I was crazy to work at a “funny book” store, but I was making more money there than the “respectable” insurance company, thank you.
I’ve been working my current job since 1992, and the thing particularly of interest is how much putting aside money for health costs alters the bottom line.

Oh, the other interesting thing on this SSA form is my estimated benefits if I retire at 62, 66 or 70. Especially heartening is this little caveat: “The law governing benefit amounts may change because, by 2037, the payroll taxes will be enough to pay only about 76 percent of scheduled benefits.” Of course, I have a five-year old; I’ll NEVER retire.
ROG

ROG

Lennon


Sometimes I think about acknowledging the day John Lennon died, but something always draws me in.

This year, it’s the fact that he is on the top 10 list of dead celebrities. According to Forbes:

No. 7: John Lennon
$15 million

Musician
Died: Dec. 8, 1980
Age: 40
Cause: Murder

It was a big year for the Beatles, especially for the songwriter behind many of the band’s most famous songs. In September, Electronic Arts and MTV Games released The Beatles: Rock Band, allowing fans to jam along with a virtual version of the band and download additional albums for $17. As well, the Fab Four’s music was repackaged and remastered in a 16-disc box set that went on sale in September. LOVE, the Las Vegas Cirque du Soleil show featuring the group’s music, still reels fans into The Mirage

Add to that John’s widow Yoko Ono licensing his song “Real Love” to be used by JC Penney in television ads, and her giving Ben & Jerry’s ice cream permission to release a Lennon-inspired flavor called “Imagine Whirled Peace.”

Oh, since I know you need to know, the top-earning dead celebrity is French fashion designer Yves Saint Laurent, who “earned $350 million in the past year. Much of his estate was auctioned off at Christie’s in February. Laurent died of brain cancer in June 2008.” So his #1 status probably won’t be maintained.

Richard Rodgers and Oscar Hammerstein rank second with combined earnings of $235 million. Why are they considered as one unit, I don’t know. Both of them composed with others. Anyway, I imagine the revival of South Pacific did not hurt.

Michael Jackson is third with $90 million; I have to assume it’s a reflection of moneys in, since, before his death in June, there were numerous reports about his mounting debt.

Elvis Presley, the perennial leader in this category, is fourth with $55 million, though he made more than in previous years. He’s followed by J.R.R. Tolkien ($50 million), Charles Schulz ($35 million), John Lennon ($15 million), Theodor Geisel -Dr. Seuss ($15 million), Albert Einstein ($10 million) and Michael Crichton ($9 million).

The interesting thing about the Beatles 09/09/09 revival is that it has gotten me newly interested in the Beatles, again. Not that they ever fell very far from my heart. But watching all the specials reinvigorated my ears. Seeing the Paul McCartney ABC special on that aired Thanksgiving night reminded me of Lennon playing the organ with his elbow on I’m Down at Shea Stadium in 1965.

I haven’t actually GOTTEN any new music – the Beatles in Mono box set is on the Christmas list – but just reading about the differences in the recordings, especially the white album has gotten me excited.

Did I ever mention that, years ago, I received a picture of the Imagine square at Strawberry Fields in NYC? It sits over the entryway from the living room to the hallway.

Ah, the picture above is from LIFE again. It’s from 1980, but I didn’t need the caption to know that.

ROG

ROG

The Money Comes In, the Money Goes Out QUESTIONS

I got a little raise back in September. This is a good thing.
I look at the out-of-pocket premiums for my health insurance for 2010. This is not such a good thing.

The amount I pay every two weeks has been gradually increasing, usually up $3 or $5 each year. But this time it went from $117 to $139.

Well, at least my family and I HAVE health insurance. As this report shows, that’s not always the case, particularly as unemployment rises. And this was better than the years when the rates went up AND the copays as well.

In those periods when I’ve been unemployed and/or uninsured and I was eligible for COBRA, I NEVER took it. What does one do – spend the rent money on health insurance, or hope not to get sick? Every study I’ve seen in recent years suggest that it is medical bills, not excessive spending on the Xbox, that is driving the most people into bankruptcy.

Oh, and one of my credit cards, one I actually don’t use often, just raised its rates from an already hefty 15.9% (which is why I didn’t use it much), to a ridiculous 23.9%. According to articles such as 2009 Checking Study: Bank fees take flight and A Squeeze on Customers Ahead of New Rules, it’s happening all over the place.

So the questions:

1. Are you seeing your health insurance premiums and/or copays going up? Or if you are one of the uninsured, how do you decide when to go to the doctor/hospital?

2. Are you seeing staggeringly high interest rates or fees on your credit cards? What actions (negotiating with the credit card company, dropping the card) have you taken? I’m going to call mine, threaten to cancel, and see what happens.

ROG

ROG
Social media & sharing icons powered by UltimatelySocial