Showing posts with label bankruptcies. Show all posts
Showing posts with label bankruptcies. Show all posts

July 15, 2009

"...even more than in the past"


WV workers rally at state capitol for the Employee Free Choice Act. I think this picture is about three years old.

It is one of my rituals after returning from a trip to comb through newspapers and other sources to catch up and see what I might have missed.

One story that I found to be particularly interesting was the release of Pope Benedict's encyclical, CARITAS IN VERITATE.

The encyclical is a very strong statement in support of economic justice and a strong critique of "unleashed" capitalism. Among other things, it contains a strong endorsement of labor unions and strongly supports the rights of workers to organize:

Through the combination of social and economic change, trade union organizations experience greater difficulty in carrying out their task of representing the interests of workers, partly because Governments, for reasons of economic utility, often limit the freedom or the negotiating capacity of labor unions. Hence traditional networks of solidarity have more and more obstacles to overcome. The repeated calls issued within the Church’s social doctrine, beginning with Rerum Novarum, for the promotion of workers’ associations that can defend their rights must therefore be honored today even more than in the past, as a prompt and far-sighted response to the urgent need for new forms of cooperation at the international level, as well as the local level.


And that's not all. In the words of Thomas Reese, S.J., writing for the Washington Post,

Although Benedict's emphasis in the encyclical is on the theological foundations of Catholic social teaching, amid the dense prose there are indications, as shown above, that he is to the left of almost every politician in America. What politician would casually refer to "redistribution of wealth" or talk of international governing bodies to regulate the economy? Who would call for increasing the percentage of GDP devoted to foreign aid? Who would call for the adoption of "new life-styles 'in which the quest for truth, beauty, goodness and communion with others for the sake of common growth are the factors which determine consumer choices, savings and investments'"?


What would Joe the Plumber say?

Some other items that struck my eye included:

*this overview of health care systems in different countries;

*this piece that reminds us that even people with health insurance can go broke in a medical crisis; and

*this news story that reports lower rates of bankruptcies in states that don't seize wages.

GOAT ROPE ADVISORY LEVEL: CELESTIAL

April 09, 2009

The fog of war


There are plenty of good reasons for reading the classics, such as the Iliad, the Odyssey and the Aeneid. One of the best I've found is that it's a pretty good description of real life.

El Cabrero doesn't spend a lot of time at the legislature of my beloved state of West Virginia, but I was there enough this time to have a little mock Homeric deja vu.

In the Iliad, the tide of battle often switches back and forth, as various humans fight away and as various gods intervene here and there. No one really knows everything that is going on. As in the Aeneid, Rumor is the swiftest of the gods.

In the case of WV, the great god Randomness seems to have a lot of clout as well. Also prominent deities are Hades, god of wealth, Hermes, god of merchants and thieves, not to mention the great god Biscuit, patron of those who oppose menu labels with calorie information and the god of the gutless whose name escapes me at the moment.

At crucial times, Zeus weighs the fates of the combatants on his golden scales, which tip one way or another.

Of the many skirmishes this time, one of the most important ones had to do with the fate of WV's unemployment compensation fund, which is heading towards emptiness in the non-Buddhist sense.

A decent version passed the state senate, which included things that neither labor nor business was all that happy with. Then things hit the house side and everything was on again. In the end, a decent bill seemed to pass after some amendments.

The tide went one way and then another and even people I usually turn to find out what is really going on wasn't all that sure what was happening.

It can be quite a show but, alas, it is an epic without a bard.

AFTER THE BUST, a boom in bankruptcies.

WHAT'S NEXT? How bout doga, or yoga with dogs? While we're at it...

BETTER THAN A DOG? That may have been a factor in Charles Darwin's decision to marry. I could think of any number of things to say but will relinquish the opportunity.

GOAT ROPE ADVISORY LEVEL: ELEVATED