The WV legislature has a week to go, and it promises to be quite a week. One pleasant surprise this time around is the emergence of what I thought was a long-dead bill back into the game.
For several years, I worked with friends at the WV Center on Budget and Policy et al to generate interest in voluntary employee retirement accounts (VERA) for workers who don't have employer provided pensions. These would involve payroll deductions into an account managed by the WV Treasurer's Office, which already does something similar with college savings. Workers could then build assets for retirement and would keep the account if they moved from job to job.
After a while, we started calling it Dear Old Aunt Vera. We seemed to generate a little bit of traction several years back, but then it seemed to fizzle out.
This year, however, Aunt Vera came back from the dead. The state AARP and their allies managed to move a VERA bill through the WV House of Delegates. Yesterday, it cleared the Pensions Committee in the state Senate. Next stop is Finance, which is often where good bills go to die.
Although such a program would be a win all the way around, several business groups oppose the measure, claiming it would put the government in competition with private business. You could smell the money in the committee meeting. Their claims, however, are bogus. If financial businesses were really filling that niche, half our workers wouldn't be without any kind of retirement savings.
Secondly, and snarkily, if government is as inefficient and incapable of doing anything, what are these guys so scared of?
Showing posts with label retirement. Show all posts
Showing posts with label retirement. Show all posts
March 01, 2014
June 10, 2010
Targets

I think one of the things that people have liked about Thoreau's Walden is that it challenges the reader. Throughout its pages, the author continually argues that we can all do and be so much more than we ever thought possible:
...man's capacities have never been measured; nor are we to judge of what he can do by any precedents, so little has been tried.
One well-known passage puts it this way:
In the long run men hit only what they aim at. Therefore, though they should fail immediately, they had better aim at something high.
I've always loved that quote. It has inspired me now and then to push things a little farther than I thought I could.
(It would be downright nitpicky of me to point out that it isn't literally true and that people hit all kinds of unintended things--as in "friendly fire" and "collateral damage." Last fall, for example, when trying to sight in the old 12 gauge, I hit a strand of our electric fence while aiming at a can, which is another reason why I should probably stick to karate.)
However, I'll concede the main point.
The question is, what, exactly are we aiming at?
STATES WILL BE IN A PICKLE unless the Senate amends H.B. 4213 to extend the federal Medicaid match (FMAP) to states. Also, unemployed people will need a COBRA extension to keep benefits.
If you haven't already done so, please call your US senators and say something like:
"Please amend HB 4213 to extend COBRA benefits for jobless workers and the Medicaid FMAP aid to states.” A toll free number to the US Senate has been provided for this purpose by Families USA: 1-888-340-6521.
WHAT RETIREMENT? The recession has taken a big bite out of workers' retirement savings.
URGENT DOLPHIN COMMUNICATION UPDATE here.
GOAT ROPE ADVISORY LEVEL: ELEVATED
October 09, 2008
A hell of a trip

William Blake's rendition of Ulysses and Diomedes in hell.
Goat Rope is winding up on long series on the Odyssey of Homer. You'll also find links and comments about current events. At this point, we've covered the epic pretty well and are now looking at what other writers have done with the character of Odysseus, aka Ulysses.
As noted in yesterday's post, Plato imagined that he would choose a calm, non eventful life next time around. But other writers, such as Dante, just weren't buying it. They imagined that Ulysses wouldn't be able to give up the itch for more travel and more adventures.
In Dante's Inferno, he wound up (or down) in the Eighth Circle of hell, a place reserved for fraud for the whole Trojan horse thing. Dante, after all, was a fan of Rome and the mythical founder of that city was the Trojan prince Aeneas. But it sounds like the real reason for his punishment was an endless thirst for adventure which leads him to set out again.
From the horse's mouth:
"When I
From Circe had departed, who concealed me
More than a year there near unto Gaeta,
Or ever yet Aeneas named it so,
Nor fondness for my son, nor reverence
For my old father, nor the due affection
Which joyous should have made Penelope,
Could overcome within me the desire
I had to be experienced of the world,
And of the vice and virtue of mankind;
But I put forth on the high open sea
With one sole ship, and that small company
By which I never had deserted been..."
(Dante, of course, never read Homer. In the medieval period, knowledge of Greek was mostly lost in the west and he didn't know the whole story--like the fact that Odysseus returned alone from his wanderings.)
In Dante's version, Ulysses/Odysseus made the blasphemous decision to push beyond the boundaries of the known world and sail out into the ocean where his ship met disaster:
I and my company were old and slow
When at that narrow passage we arrived
Where Hercules his landmarks set as signals,
That man no farther onward should adventure.
On the right hand behind me left I Seville,
And on the other already had left Ceuta.
'O brothers, who amid a hundred thousand
Perils,' I said, 'have come unto the West,
To this so inconsiderable vigil
Which is remaining of your senses still
Be ye unwilling to deny the knowledge,
Following the sun, of the unpeopled world.
Consider ye the seed from which ye sprang;
Ye were not made to live like unto brutes,
But for pursuit of virtue and of knowledge.'
So eager did I render my companions,
With this brief exhortation, for the voyage,
That then I hardly could have held them back.
And having turned our stern unto the morning,
We of the oars made wings for our mad flight,
Evermore gaining on the larboard side.
Already all the stars of the other pole
The night beheld, and ours so very low
It did not rise above the ocean floor.
Five times rekindled and as many quenched
Had been the splendour underneath the moon,
Since we had entered into the deep pass,
When there appeared to us a mountain, dim
From distance, and it seemed to me so high
As I had never any one beheld.
Joyful were we, and soon it turned to weeping;
For out of the new land a whirlwind rose,
And smote upon the fore part of the ship.
Three times it made her whirl with all the waters,
At the fourth time it made the stern uplift,
And the prow downward go, as pleased Another,
Until the sea above us closed again."
As we'll see tomorrow, Tennyson picked up on this theme as well.
UNGOOD NEWS. The economic meltdown has wiped out $2 trillion in retirement savings.
LOOKING ON THE BRIGHT SIDE. Some economists see the financial meltdown as a chance to promote a more sustainable economy that looks beyond short term profits.
WHEN FACTS DON'T MATTER. Here's more on a recent study of the lasting effects of misinformation.
I KNOW YOU'RE ASKING YOURSELF THIS QUESTION, to wit: what do fish that live five miles below the surface of the ocean do and what do they look like? Your answer awaits here.
THIS IS TOTALLY WEIRD, but El Cabrero's beloved state of West Virginia is actually leading the nation in economic growth.
GOAT ROPE ADVISORY LEVEL: INCOMPREHENSIBLE
June 30, 2008
ONE BLUE HOUSE

If these walls could talk. Pictures of the home of Frida Kahlo and Diego Rivera.
El Cabrero is back in WV after 10 days in Mexico, split between Mexico City and Oaxaca. There were plenty of things to see and plenty of native speakers for me to torment with my horrible Spanish. Thanks to good farm-sitters, no mass animal graves were required on our return, which was a plus.

I enjoy traveling but always have this haunting fear that I'll miss something interesting while I'm gone. The great Greek sage Heraclitus said that you can't step in the same river twice, but given the state of some of our rivers, that might not be an altogether bad thing.

There were several places I wanted to see, one of which was the Casa Azul, home of revolutionary artists Frida Kahlo and Diego Rivera and currently a museum in the Mexico City neighborhood of Coyacan.

There I learned that every home should have its own pyramid. I've got it on my to-do list.
Now, where were we...
MISTAKES WERE MADE. A new Army report finds major faults with the early stages of the occupation of Iraq.
RETIREMENT. More older workers are working longer as economic conditions decline, according to this Economic Policy Institute snapshot.
CAN WE TRUST OUR BRAINS? Maybe not so much...
A LITTLE GOOD NEWS. Supporters of clean elections will celebrate the state legislature's recent passage of a bill that requires financial disclosure for political ads. A previously passed law was struck down in a court decision.
A LITTLE FORGOTTEN HISTORY was the subject of an op-ed of mine in yesterday's Gazette-Mail.
URGENT EARLY TETRAPOD UPDATE. A new fossil from Latvia shows the link between fish and land animals.
GOAT ROPE ADVISORY LEVEL: ELEVATED
February 25, 2008
TAKE THE TOUR

A while back, a friend sort of dared me to blog about Dante's Divine Comedy. It is, after all, one of the most awesome works of the human imagination ever. I've been thinking about doing it for a long time, but the Wayne's World factor keeps kicking in.
What might that be? If you've seen the movie (if not, go get it--I'll wait), you may remember the part where Wayne and Garth get backstage passes to see Alice Cooper. When the reality sinks in of being in the presence of such splendor, they are overcome with awe and prostrate themselves saying "We're not worthy! We're scum! We suck!"
Here's the clip, via the nice people at You Tube.
And for the record, I'm going to go out on a limb here and boldly assert that Dante is every bit as awesome a presence as Alice Cooper, which is quite a compliment coming from me.
For that reason, I'm going to take the indirect approach and just talk about some things that might make approaching Inferno, Purgatorio, and Paradiso a little easier.
Let me start with this plea: whoever you are, try not to die without first making the acquaintance of this classic. As T.S. Eliot once said, "take the Comedy as a whole, you can compare it to nothing but the entire dramatic work of Shakespeare.... Dante and Shakespeare divide the modern world between them; there is no third."
He left out Homer (and Alice), but you get the idea. More tomorrow.
THE COST OF THE IRAQ WAR is worse than we thought--and we already thought it was bad.
SPEAKING OF WHICH, here's an item about the sorry state of mental health care for veterans of this war.
RETIREMENT looking pretty grim for many workers. Here's an op-ed by your's truly on a possible part of the solution.
RELIGION WITHOUT RABIES. This item from The Atlantic suggests that evangelicalism is moving toward moderation.
THE R WORD. Here's an interesting article on why and when revolutions happen.
WHO LOVES YOU? It's the start of a week. Fortify yourself with a little entertainment: here's William Shatner and Lucy in the Sky with Diamonds, courtesy of the nice people at YouTube.
GOAT ROPE ADVISORY LEVEL: ELEVATED
What might that be? If you've seen the movie (if not, go get it--I'll wait), you may remember the part where Wayne and Garth get backstage passes to see Alice Cooper. When the reality sinks in of being in the presence of such splendor, they are overcome with awe and prostrate themselves saying "We're not worthy! We're scum! We suck!"
Here's the clip, via the nice people at You Tube.
And for the record, I'm going to go out on a limb here and boldly assert that Dante is every bit as awesome a presence as Alice Cooper, which is quite a compliment coming from me.
For that reason, I'm going to take the indirect approach and just talk about some things that might make approaching Inferno, Purgatorio, and Paradiso a little easier.
Let me start with this plea: whoever you are, try not to die without first making the acquaintance of this classic. As T.S. Eliot once said, "take the Comedy as a whole, you can compare it to nothing but the entire dramatic work of Shakespeare.... Dante and Shakespeare divide the modern world between them; there is no third."
He left out Homer (and Alice), but you get the idea. More tomorrow.
THE COST OF THE IRAQ WAR is worse than we thought--and we already thought it was bad.
SPEAKING OF WHICH, here's an item about the sorry state of mental health care for veterans of this war.
RETIREMENT looking pretty grim for many workers. Here's an op-ed by your's truly on a possible part of the solution.
RELIGION WITHOUT RABIES. This item from The Atlantic suggests that evangelicalism is moving toward moderation.
THE R WORD. Here's an interesting article on why and when revolutions happen.
WHO LOVES YOU? It's the start of a week. Fortify yourself with a little entertainment: here's William Shatner and Lucy in the Sky with Diamonds, courtesy of the nice people at YouTube.
GOAT ROPE ADVISORY LEVEL: ELEVATED
December 28, 2007
THE GOAT ROPE BOOK SHELF

Image courtesy of fromoldbooks.org
"Unto my Books—so good to turn—
Far ends of tired Days..."-- Emily Dickinson
One way of wrapping up the year is to look back on the year's reading. Here are some of El Cabrero's greatest hits of 2007 (meaning books read but probably not written then).
CLASSICS. I was in a Greco-Roman mood this year and spent an inordinate amount of reading time plowing through quaint and curious volumes of forgotten lore. For reasons that now escape me, I revisited Herodotus' Histories and Thucydides' Peloponnesian War, some of Plutarch's Greek and Roman Lives, the Oresteia of Aeschylus,and topped it off with Suetonius' Twelve Caesars. I wanted to write here about Suetonius, but the sexual habits of the Caesars seemed a bit out there for a family blog.
POETRY didn't get as much attention as I would have liked, but I did give Billy Collins' Nine Horses and Sailing Alone Around the Room a go.
FICTION. For some reason, I thought I might be a better person if I went back to Brothers Karamazov, but that didn't seem to happen as far as I can tell. A Separate Peace was good. I know most people read that one in jr. high or high school, but I didn't get the memo. Cooper's Last of the Mohicans was kind of fun. And to clear the palate, I gave Kenzaburo Oe's Teach Us to Outgrow Our Madness a go (thanks SS and sorry it took me 9 years to finally read it). This was about my fourth time through Heart of Darkness, but I think I finally got it.
PHILOSOPHY. What can I say? It was a Nietzsche year (but then aren't they all?). I hit Beyond Good and Evil and The Genealogy of Morals. This year I had to finally go out and get my own copy of Birth of Tragedy. The Wagner parts are kind of loopy but I like the talk about Apollo and Dionysus and art redeeming life and making it bearable. El Cabrero leans to the Apollonian in most things except liquid refreshments.
RELIGION. Anne Lamott's Grace Eventually was a hoot. I'm afraid I can't say the same about Karl Barth's Credo. Elaine Pagels' and Karen L. King's Reading Judas was an interesting take on a recently discovered apocryphal gospel.
BIOGRAPHY. Craig Nelson's Thomas Paine: Enlightenment, Revolution, and the Birth of Modern Nations was one of this year's best. Antony Everitt's Augustus wasn't bad either. Another good one was Walter Isaacson's Einstein, although I zoned out on the physics parts.
About 10 of the above were in audio. If you have any favorites, I'm all ears.
ASSASSINATION. Here's NY Times coverage.
WAR. Don't blame our genes.
PROSPERITY "THEOLOGY" of the give-us-lots-of-money-and-God-will-make-you-rich variety is coming under greater scrutiny.
RETIREMENT WOES. Retirement security--or the lack thereof--is a huge and growing issue. Here are some possible solutions from the Economic Policy Institute.
GOAT ROPE ADVISORY LEVEL: ELEVATED
June 24, 2007
A NIETZSCHEAN DIGRESSION ON ART, WITH MORE ON UNIONS AND RETIREMENT SECURITY

Caption: For Seamus McGoogle, life is only made bearable by art. And killing little creatures. And sleeping. And eating. And demanding attention. Otherwise, though, it's mostly the art.
El Cabrero was recently thumbing through Nietzsche's Birth of Tragedy and came upon this startling nugget buried between parentheses:
...it is only as an aesthetic phenomenon that existence and the world are eternally justified.
In other words, he was saying that only art and beauty make life bearable.
That statement probably says more about Nietzsche than about existence and the world. Throughout his life, he struggled with ill physical and mental health, loneliness, and romantic frustrations. He looked for ways of saying "yes" to life in spite of all its evils and sufferings and admired the ancient Greeks because he believed they found a way to do this through art and particularly through tragedy.
Most people would probably say that beauty and art are important but there are other things that matter more, such as human relationships. In his case, he probably meant it. At another point, he said "Without music life would be a mistake."
I'm not a very artsy type--I'm not sure Scotch Irish hillbillies can be--but he does have a point. One thing that is pretty much a cultural universal among people at all times and places is that they find ways of adorning their world (and often their persons) with art, craft, song, theater, story, music, dance, etc. It really must make things more bearable.
And it's something that even hundreds of years of the Protestant ethic and toxic puritanism haven't been able to beat out of our systems...
WITHOUT SOLIDARITY, LIFE WOULD BE A MISTAKE. We have frequently heard opponents of the labor movement bash unions as a curb on productivity. According the the Economic Policy Institute,the evidence doesn't bear this out.
In a recent snapshot report, EPI notes that union membership in the US has declined from around 27 percent of the workforce in the late 1970s to around 12 percent now, a change that "has had substantial adverse effects on inequality, the wages of typical workers, and pension and health benefit coverage."
In Europe, by contrast, unionization rates are much higher, ranging from 68 percent in Germany to 90 percent in Belgium, France, and Sweden.
If getting rid of unions was the key to "unleashing" productivity, one would expect the US to far surpass countries with greater union density. In fact, average productivity growth for seven European countries with over 60 percent of their workforce represented by unions from 1979-2005 was a little over 1.7 percent--about the same as that for the U.S.
Further,
A broad study of the economics literature found "a positive association [of unions on productivity] is established for the United States in general and for U.S. manufacturing" in particular.
and
international comparisons suggest that high productivity and very high union density are entirely compatible.
France, Belgium, and the Netherlands, for example, have greater output per hour than the U.S. even though over 80 percent of their workers are union members.
Here's the punchline:
If Congress is concerned about protecting middle-class incomes, it should pass measures to facilitate union organizing and collective bargaining coverage, including the Employee Free Choice Act. There is no reason to fear that higher rates of unionization will impede efficiency or labor productivity.
A NEST EGG FOR THE FUTURE. This op-ed by Ted Boettner from yesterday's Gazette suggest a system of universal voluntary accounts as a way to help workers build assets for retirement. There may soon be a campaign to establish these in WV.
GOAT ROPE ADVISORY LEVEL: ELEVATED
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