Briefly: America's Financial Crisis: Week of June 28
5 Items
David Culver, Evergreene Digest, ed.
John Trever
Fixing Wall Street Won't Fix Our Economy, Sally Kohn, Movement Vision Lab, in AlterNet
We could have averted the current financial crisis by creating affordable housing and good jobs, strengthening public education and providing health care and child care for all families, to help hardworking Americans thrive in the middle class instead of being pushed into poverty.
Auto Task Force Outsources Jobs, Roger Bybee, In These Times
Obama’s recovery plan steers GM and Chrysler in the wrong direction. He has forfeited the opportunity to recast the current crisis into a fuel-efficient re-industrialization of America—right when the country needs the stimulus of high-wage green jobs the most.
Krugman: Out of the Shadows, Paul Krugman, The New York Times
President Obama’s plan for financial reform basically punts on the question of how to keep what went wrong from happening again.
G8 country bishops urge protection of poor, Jerry Filteau, National Catholic Reporter
“Our moral tradition commits the Church to protecting human life and dignity, especially of the poorest, most vulnerable members of the human family. In the faces of poor persons the Catholic Church sees the face of Christ whom we serve in countries throughout the world.”
Judge denies GM salaried retirees' request for committee, Bree Fowler, Associated Press
As part of its restructuring plan, GM plans to continue to pay health care and life insurance benefits for its 122,000 salaried retirees and their surviving spouses, but those benefits are expected to be reduced and the retirees will be forced to shoulder a larger share of their health care costs.
