Categories: Government & Politics Tags:
That which ties our articles together today, June 30th
by Steven M. Finger
Per yesterday’s announced policy change… I pulled back on the ‘news’ (short-term updates on possible(?) cultural changes), and filled our space with what evolution has occurred, or may be social change may be coming. Across a variety of fields: banking, housing, defense, pharmaceuticals, cyber communications, publishing and, even, performance arts (in both subject and style).
And, as a starter, there’s a summary of what Obama has done in this regard, as well.
Categories: Banking, Community, Entertainment, Health & Wellness, Media, Military, Public Healthcare, Social Change Tags: Social Change, Steven M. Finger
Categories: Government & Politics, Social Change Tags: Obama, Rachel Maddow
Sticking the public with the bill for the bankers’ crisis
by Naomi Klein
My city feels like a crime scene and the criminals are all melting into the night, fleeing the scene. No, I’m not talking about the kids in black who smashed windows and burned cop cars on Saturday.
I’m talking about the heads of state who, on Sunday night, smashed social safety nets and burned good jobs in the middle of a recession. Faced with the effects of a crisis created by the world’s wealthiest and most privileged strata, they decided to stick the poorest and most vulnerable people in their countries with the bill.
How else can we interpret the G20’s final communiqué, which includes not even a measly tax on banks or financial transactions, yet instructs governments to slash their deficits in half by 2013. This is a huge and shocking cut, and we should be very clear who will pay the price: students who will see their public educations further deteriorate as their fees go up; pensioners who will lose hard-earned benefits; public-sector workers whose jobs will be eliminated. And the list goes on. These types of cuts have already begun in many G20 countries including Canada, and they are about to get a lot worse.
Categories: Banking, Government & Politics, Social Change, Wall Street Tags: banking bailout, Naomi Klein
Not So Neighborly Associations Foreclosing On Homes
Courtesy of Mike Clauer Capt. Mike Clauer was serving in Iraq when he learned that his home was sold because of missed HOA dues. In many states, it is relatively easy for HOAs to foreclose on members’ homes for missed payments as little as a few hundred dollars.
by Wade Goodwyn
Capt. Mike Clauer was serving in Iraq last year as company commander of an Army National Guard unit assigned to escort convoys. It was exceedingly dangerous work — explosive devices buried in the road were a constant threat to the lives of Clauer and his men.
He was halfway through his deployment when he got a bolt from the blue — a frantic phone call from his wife, May, back in Texas.
“She was bawling on the phone and was telling me that the HOA [homeowners association] had foreclosed on our house, and it was sold,” he says. “And I couldn’t believe that could even happen.”
Clauer had a hard time understanding what his wife was saying. His $300,000 house was already completely paid for. Could it be possible that their home was foreclosed on and sold because his wife had missed two payments of their HOA dues?
In many states it is not difficult for an HOA to foreclose on a member’s home for past dues even if the amount owed is just a few hundred dollars.
“I was really in a hurry trying to get home before my family was living on the streets,” Clauer says.
Sold For A Steal
But by the time he got back to Texas, it was too late. The Clauers’ four-bedroom, 3,500-square-foot home had been sold on the courthouse steps for just $3,500 — enough to cover outstanding HOA dues and legal costs.
The new owner quickly sold it for $135,000 and netted a tidy profit.
“Basically it’s everything to us,” Clauer says. “Having a house like this paid for was huge for us, for our retirement plans. We thought we were so far ahead, and now it’s like we’re starting from the beginning.”
http://www.npr.org/templates/story/story.php?storyId=128078864
Categories: Community, Government & Politics, Social Change Tags: Capt. Mike Clauer, foreclosures, Wade Goodwyn
Recession cut into employment for half of working adults, study says
The recession has directly hit more than half of the nation’s working adults, pushing them into unemployment, pay cuts, reduced hours at work or part-time jobs, according to a new Pew Research Center survey.
The economic shock has jolted many Americans into a new, more austere reality, which is likely to have lasting consequences for an economy fueled mostly by consumer spending. More than six in 10 Americans say they have cut down on borrowing and spending, the survey found.
The reason: Nearly half of the survey’s respondents say they are in worse financial shape as a result of the downturn, which destroyed 20 percent of Americans’ wealth.
“We’re going to see much lower consumption going forward,” said Dean Baker, co-director of the Center for Economic and Policy Research. He blames diminished spending on the drop in housing prices. “People who thought they had equity in their homes have seen it disappear,” he said.
The longest and deepest recession since the Great Depression has exacted a punishing toll that continues nearly a year after the economy started growing again. Hardest hit are the 9.7 percent of workers who have been out of a job for an average of nearly six months. Many Americans are delaying retirement and others have lower expectations for their children’s futures, the Pew poll found.
Categories: Community, Government & Politics, Social Change Tags: employment, Michael A. Fletcher, recession, Unemployment
