Tuesday, September 22, 2009

Guaranteed Health Care In Iraq - But Not For You

according to the American political right-wing, government-guaranteed health care is good for Iraqis, but not good for us.
Read more at: http://www.huffingtonpost.com/mark-dorlester/guaranteed-health-care-in_b_280528.html

Article 31 of the Iraqi Constitution, drafted by your right-wing Bushies in 2005 and ratified by the Iraqi people, includes state-guaranteed (single payer) healthcare for life for every Iraqi citizen.

Click here some other detailsMark Dorlester: Guaranteed Health Care In Iraq - But Not For You

Monday, September 21, 2009

Bank Of America To Pay U.S. $425M To Exit Agreement

Bank of America is paying the fee to exit an arrangement in which the government had promised to cover $118 billion in risky assets

Bank of America has received a total of $45 billion from the Treasury's $700 billion financial bailout pot, which is financed by taxpayers.

The company says it wants to repay $20 billion of that money, which would remove the company from a list of firms that have received "exceptional" assistance from the government.

Such companies are subject to greater government scrutiny, including having to provide plans outlining compensation packages for their highest-paid employees. The Obama administration's pay czar, Kenneth Feinberg, has the power to veto them.

Click on the following for more details from NPR:  Bank Of America To Pay U.S. $425M To Exit Agreement : NPR

Libertyville may fold on video gambling

Each machine could be expected to generate about $2,250 as the village's share of net income, according to Village Administrator Kevin Bowens. If 10 establishments installed the machines, Libertyville's share of the revenue would be about $114,000 each year

Libertyville could join a growing list of communities that have chosen to ban video gambling before state rules are formulated.

"This is not a substantial revenue stream," said Trustee Rich Moras, a member of the license and permits committee. "There's a section of the population where this is a tax on hope."

Daily Herald | Libertyville may fold on video gambling

Sunday, September 20, 2009

The Stew: China may kick out American chicken feet

escalating chicken-for-tires trade skirmish,

China. It buys and eats an estimated $700 million in U.S. chicken each year -- half of it in feet alone.

China, this week, launched an investigation into alleged anti-competitive practices by American chicken importers that could threaten chicken foot traffic to the Asian country.

The Stew: China may kick out American chicken feet

Banks' Overdraft Fees Under Fire in Congress

Moebs Services projects that the industry will make $38.5 billion off the fees this year, up from $18 billion in 1999, in part because the average fee large banks charge for each overdraft has climbed by $10, to $35.

Banks' Overdraft Fees Under Fire in Congress - washingtonpost.com

ACORN scandal: How much federal funding does it get?

the group has received $53 million in federal funds since 1994

it doesn't get much funding from the federal government. But the gesture's ripple effect – in influencing states and charities to also cut off funds

By law, ACORN is not allowed to use federal dollars to conduct voter registration

Click on the following for more details:  ACORN scandal: How much federal funding does it get? | csmonitor.com

US no longer insures your money-market fund, but that’s good news | csmonitor.com

 

Withdrawing federal insurance is part of a broader exit strategy from the government's emergency supports for the economy, expected to gather steam this year.

Last year, one of the original money-market funds, the Reserve Primary Fund, “broke the buck” because some of it had investments issued by a certain firm called Lehman Brothers.concern about a broader “run” by money-market depositors caused the Treasury to step in with an unusual guarantee

The guarantees come to a stop Friday, however.

The program insured as much as $3 trillion in money-market fund holdings, and earned about $1.2 billion in participation fees paid to the Treasury by money-market funds

US no longer insures your money-market fund, but that’s good news | csmonitor.com