REWIND - A Week of Quotes & Cartoons
SUNDAY
Quote of the Day
July 12, 2009
'If nothing else, the recession is serving as a stress
test for the American safety net. How prepared have we
been for sudden and violent economic dislocations of
the kind that leave millions homeless and jobless? So
far, despite some temporary expansions of food stamps
and unemployment benefits by the Obama administration,
the recession has done for the government safety net
pretty much what Hurricane Katrina did for the Federal
Emergency Management Agency: it's demonstrated that you
can be clinging to your roof with the water rising, and
no one may come to helicopter you out.'
Barbara Ehrenreich, author
of "This Land Is Their Land:
Reports From a Divided
Nation."
New York Times
July 12, 2009
http://tinyurl.com/mubujy
Toon of the Day
http://tinyurl.com/km89wm
Risk
Tom Toles - Washington Post
MONDAY
Quote of the Day
July 13, 2009
'These were the jobs you used to rely on, but now
because of all the cuts, it's not like that. At the
company I worked for, the ones who did get to keep their
jobs were people at management levels who were mostly
white. They were transferred to other nursing homes.'
Aldumen Gomez,25 who is part
Haitian and was a nursing
assistant in a Bronx nursing
home for more than a year
until it closed in January,
'Job Losses Show Wider Racial Gap in New York'
New York Times
July 13, 2009
http://tinyurl.com/m9e2p9
Toon of the Day
http://tinyurl.com/mzyjz3
Insurance Lobby
Bill Day
TUESDAY
Quote of the Day
July 14, 2009
'Giant lenders compete for business by talking about
nominal interest rates, free gifts and warm feelings,
but the fine print hides the things that really rake in
the cash. Today's business model is about making money
through tricks and traps.
'...Study after study shows that credit products are
designed in ways that obscure the meaning and trick
customers.'
Harvard Law School professor
Elizabeth Warren, chair
the Congressional Oversight
Panel monitoring financial
industry bailouts
Quoted in 'Chutzpah on Steroids'
Columnist Bob Herbert
New York Times
July 14, 2009
http://tinyurl.com/ldexbe
Toon of the Day
http://tinyurl.com/p4fz47
The Invisible Hand
Tom Tomorrow - Salon
WEDNESDAY
Quote of the Day
July 15, 2009
'Can we find comfort in the fact that employment has
long been considered a lagging indicator? It is
conventionally seen as having limited predictive power
since employment reflects decisions taken earlier in
the business cycle. But today is different.
Unemployment has doubled to 9.5% from 4.8% in only 16
months, a rate so fast it may influence future economic
behavior and outlook.
'How could this happen when Washington has thrown
trillions of dollars into the pot, including the famous
$787 billion in stimulus spending that was supposed to
yield $1.50 in growth for every dollar spent? For a
start, too much of the money went to transfer payments
such as Medicaid, jobless benefits and the like that do
nothing for jobs and growth. The spending that creates
new jobs is new spending, particularly on
infrastructure. It amounts to less than 10% of the
stimulus package today.
'About 40% of U.S. workers believe the recession will
continue for another full year, and their pessimism is
justified. As paychecks shrink and disappear, consumers
are more hesitant to spend and won't lead the economy
out of the doldrums quickly enough.'
Mortimer Zuckerman
Wall Street Journal
July 14, 2009
http://tinyurl.com/mh5ocy
Toon of the Day
http://tinyurl.com/n4wgvv
Consumer Protection?
Tony Auth - Philadelphia Inquirer
THURSDAY
Quote of the Day
July 16, 2009
'...Within the Obama administration there is more than
likely a struggle underway. It relates to something
that I have raised in earlier commentaries.
Specifically, is the Obama administration simply trying
to change the appearance of the USA internationally or
are they attempting to shift US policy? The response to
the Honduran coup seems to indicate the former. They do
not want the appearance of the demonic Bush
administration, but they are not prepared to support a
Honduran administration which is allied with the likes
of Venezuelan President Chavez and Bolivian President
Evo Morales. Instead this starts to appear to be a
Clintonian solution, i.e., a repetition of President
Bill Clinton's approach to the coup people in Haiti in
1994. He-Clinton-was prepared to restore democratically
elected President Jean Bertrand Aristide, however he
would do so only under certain conditions (one being
giving up on his populist economic program and the
second being that he was only to serve out the
remainder of his term despite the fact that years had
been robbed from him). In the Honduran case, a
"compromise" might be offered that simply restores
President Zelaya but essentially neuters him.
'So much for Honduran sovereignty; so much for a
different US approach to foreign affairs??? Only if we
remain silent.'
Bill Fletcher, Jr,,
executive editor
Black Commentator
July 16, 2009
http://tinyurl.com/lqgu57
Toon of the Day
http://tinyurl.com/mw8evu
Superiority
Ben Sargent
FRIDAY
Quote of the Day
July 17, 2009
'The talk in the City [London financial center] this
week has been all about Goldman-Sachs. The investment
bank posted such striking results that its staff are
now set for average pay packets worth half a million
this year. The whispers that bonuses are back and
growing louder by the day, and from sky-scraping
vantage points within the square mile sightings of
green shoots are becoming a common occurrence. But step
away from high towers of high-finance and into the
wider community - which continues to prop them up at
great expense - and things suddenly look very
different. Not a single green shoot lurked anywhere
within the 46 pages of official figures released on the
jobs market yesterday.'
Editorial
The Guardian (UK)
July 16, 2009
http://tinyurl.com/nabm34
Toon of the Day
http://tinyurl.com/mvgxem
Insurance Rules
Ed Stein
SATURDAY
Quote of the Day
July 18, 2009
'We must go to the G20 and say that we won't allow Wall
Street and the City of London to again dictate how
money should be made only for others to pick up the
bill at the end.'
German Chancellor Angela Merkel on the excesses of
financial centers in New York and London and the
upcoming summit of the Group of 20 nations in
Pittsburgh.
Financial Times
July 17, 2009
http://tinyurl.com/ltoaqr
Toon of the Day
http://tinyurl.com/ljq8ql
Goldman Sacks
Rob Rogers
_____________________________________________
SUNDAY
Quote of the Day
July 12, 2009
'If nothing else, the recession is serving as a stress
test for the American safety net. How prepared have we
been for sudden and violent economic dislocations of
the kind that leave millions homeless and jobless? So
far, despite some temporary expansions of food stamps
and unemployment benefits by the Obama administration,
the recession has done for the government safety net
pretty much what Hurricane Katrina did for the Federal
Emergency Management Agency: it's demonstrated that you
can be clinging to your roof with the water rising, and
no one may come to helicopter you out.'
Barbara Ehrenreich, author
of "This Land Is Their Land:
Reports From a Divided
Nation."
New York Times
July 12, 2009
http://tinyurl.com/mubujy
Toon of the Day
http://tinyurl.com/km89wm
Risk
Tom Toles - Washington Post
MONDAY
Quote of the Day
July 13, 2009
'These were the jobs you used to rely on, but now
because of all the cuts, it's not like that. At the
company I worked for, the ones who did get to keep their
jobs were people at management levels who were mostly
white. They were transferred to other nursing homes.'
Aldumen Gomez,25 who is part
Haitian and was a nursing
assistant in a Bronx nursing
home for more than a year
until it closed in January,
'Job Losses Show Wider Racial Gap in New York'
New York Times
July 13, 2009
http://tinyurl.com/m9e2p9
Toon of the Day
http://tinyurl.com/mzyjz3
Insurance Lobby
Bill Day
TUESDAY
Quote of the Day
July 14, 2009
'Giant lenders compete for business by talking about
nominal interest rates, free gifts and warm feelings,
but the fine print hides the things that really rake in
the cash. Today's business model is about making money
through tricks and traps.
'...Study after study shows that credit products are
designed in ways that obscure the meaning and trick
customers.'
Harvard Law School professor
Elizabeth Warren, chair
the Congressional Oversight
Panel monitoring financial
industry bailouts
Quoted in 'Chutzpah on Steroids'
Columnist Bob Herbert
New York Times
July 14, 2009
http://tinyurl.com/ldexbe
Toon of the Day
http://tinyurl.com/p4fz47
The Invisible Hand
Tom Tomorrow - Salon
WEDNESDAY
Quote of the Day
July 15, 2009
'Can we find comfort in the fact that employment has
long been considered a lagging indicator? It is
conventionally seen as having limited predictive power
since employment reflects decisions taken earlier in
the business cycle. But today is different.
Unemployment has doubled to 9.5% from 4.8% in only 16
months, a rate so fast it may influence future economic
behavior and outlook.
'How could this happen when Washington has thrown
trillions of dollars into the pot, including the famous
$787 billion in stimulus spending that was supposed to
yield $1.50 in growth for every dollar spent? For a
start, too much of the money went to transfer payments
such as Medicaid, jobless benefits and the like that do
nothing for jobs and growth. The spending that creates
new jobs is new spending, particularly on
infrastructure. It amounts to less than 10% of the
stimulus package today.
'About 40% of U.S. workers believe the recession will
continue for another full year, and their pessimism is
justified. As paychecks shrink and disappear, consumers
are more hesitant to spend and won't lead the economy
out of the doldrums quickly enough.'
Mortimer Zuckerman
Wall Street Journal
July 14, 2009
http://tinyurl.com/mh5ocy
Toon of the Day
http://tinyurl.com/n4wgvv
Consumer Protection?
Tony Auth - Philadelphia Inquirer
THURSDAY
Quote of the Day
July 16, 2009
'...Within the Obama administration there is more than
likely a struggle underway. It relates to something
that I have raised in earlier commentaries.
Specifically, is the Obama administration simply trying
to change the appearance of the USA internationally or
are they attempting to shift US policy? The response to
the Honduran coup seems to indicate the former. They do
not want the appearance of the demonic Bush
administration, but they are not prepared to support a
Honduran administration which is allied with the likes
of Venezuelan President Chavez and Bolivian President
Evo Morales. Instead this starts to appear to be a
Clintonian solution, i.e., a repetition of President
Bill Clinton's approach to the coup people in Haiti in
1994. He-Clinton-was prepared to restore democratically
elected President Jean Bertrand Aristide, however he
would do so only under certain conditions (one being
giving up on his populist economic program and the
second being that he was only to serve out the
remainder of his term despite the fact that years had
been robbed from him). In the Honduran case, a
"compromise" might be offered that simply restores
President Zelaya but essentially neuters him.
'So much for Honduran sovereignty; so much for a
different US approach to foreign affairs??? Only if we
remain silent.'
Bill Fletcher, Jr,,
executive editor
Black Commentator
July 16, 2009
http://tinyurl.com/lqgu57
Toon of the Day
http://tinyurl.com/mw8evu
Superiority
Ben Sargent
FRIDAY
Quote of the Day
July 17, 2009
'The talk in the City [London financial center] this
week has been all about Goldman-Sachs. The investment
bank posted such striking results that its staff are
now set for average pay packets worth half a million
this year. The whispers that bonuses are back and
growing louder by the day, and from sky-scraping
vantage points within the square mile sightings of
green shoots are becoming a common occurrence. But step
away from high towers of high-finance and into the
wider community - which continues to prop them up at
great expense - and things suddenly look very
different. Not a single green shoot lurked anywhere
within the 46 pages of official figures released on the
jobs market yesterday.'
Editorial
The Guardian (UK)
July 16, 2009
http://tinyurl.com/nabm34
Toon of the Day
http://tinyurl.com/mvgxem
Insurance Rules
Ed Stein
SATURDAY
Quote of the Day
July 18, 2009
'We must go to the G20 and say that we won't allow Wall
Street and the City of London to again dictate how
money should be made only for others to pick up the
bill at the end.'
German Chancellor Angela Merkel on the excesses of
financial centers in New York and London and the
upcoming summit of the Group of 20 nations in
Pittsburgh.
Financial Times
July 17, 2009
http://tinyurl.com/ltoaqr
Toon of the Day
http://tinyurl.com/ljq8ql
Goldman Sacks
Rob Rogers
_____________________________________________
----- Original Message -----
Sent: Monday, July 20, 2009 9:07 AM
Subject: CES News: Assembly Backs Anti-Rent Control Bill, Slum Housing Report & More
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