Tag: Inflation

In first speech, Argentina’s Javier Milei warns nation of painful economic shock

Tina Marie (Ms. Cat)

BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered President Javier Milei presented figures to lay bare the scope of the nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts.

In first speech, Argentina’s Javier Milei warns nation of painful economic shock

Related:

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

Argentina election 2023: what you need to know

Unions in Wisconsin sue to reverse collective bargaining restrictions on teachers, others

Tina Marie (Ms. Cat)

Seven unions representing teachers and other public workers in Wisconsin filed a lawsuit Thursday attempting to end the state’s near-total ban on collective bargaining for most public employees.

Unions in Wisconsin sue to reverse collective bargaining restrictions on teachers, others

Related:

Wisconsin’s Act 10 Is in Jeopardy (WSJ)

The law, signed by former Gov. Scott Walker, has saved the Badger State from turning into Illinois or New York, where public unions essentially run the state government for their own benefit. According to the MacIver Institute, Act 10 has saved Wisconsin taxpayers $16.8 billion since it was passed in 2011, making public finances more manageable at every level of government.

Progressive mayors who publicly rail against the law know that repealing it would wreak havoc on municipal budgets. According to Wisconsin Right Now, Milwaukee’s budget says it has saved about $345.4 million in health insurance since 2012 because of Act 10’s requirement that public employees contribute to their health plans.

The lawsuit by teachers and other public unions focuses on a narrow part of the law that exempts public-safety employees. The unions say this creates a “favored” class of workers and imposes “severe burdens on employees in the disfavored group.” Act 10’s “anti-democratic regime,” the unions continue, subjects “general” employees “to a panoply of burdens and deprives them of important rights,” while exempting police officers and firefighters from “all its injurious provisions.”

Attacks on Public-Sector Unions Harm States: How Act 10 Has Affected Education in Wisconsin

A Decade After Act 10, It’s A Different World For Wisconsin Unions

WSJ quotes MacIver Institute, from the Atlas Network via State Policy Network, Bradley Foundation, and Americans for Prosperity (Kochtopus). Former WI Governor Scott Walker, another Atlas/Koch tool, does not rule out intervening.

Neocons are panicking over another possible Trump presidency

Tina Marie (Ms. Cat)

The Atlantic: Two Men Running to Stay Out of Prison

Liz Cheney warns US ‘sleepwalking into dictatorship

Robert Kagan: A Trump dictatorship is increasingly inevitable. We should stop pretending.

…We can expect more of this when the war against the “deep state” begins in earnest. According to Sen. Josh Hawley (R-Mo.), there is a whole cabal determined to undermine American security, a “Uniparty” of elites made up of “neoconservatives on the right” and “liberal globalists on the left” who are not true Americans and therefore do not have the true interests of America at heart. Can such “anti-American” behavior be criminalized? It has in the past and can be again.

So, the Trump administration will have many avenues to persecute its enemies, real and perceived. Think of all the laws now on the books that give the federal government enormous power to surveil people for possible links to terrorism, a dangerously flexible term, not to mention all the usual opportunities to investigate people for alleged tax evasion or violation of foreign agent registration laws. The IRS under both parties has occasionally looked at depriving think tanks of their tax-exempt status because they espouse policies that align with the views of the political parties. What will happen to the think-tanker in a second Trump term who argues that the United States should ease pressure on China? Or the government official rash enough to commit such thoughts to official paper? It didn’t take more than that to ruin careers in the 1950s.

Their panic just shows how out of touch they are with the working class! As for Kagan, there’s so much more that I could say, but for now I’ll just roll my eyes! 🙄

New York Times Helps Marco Rubio Push Persecution Of Antiwar Leftists + More

Hospitals, doctors drop private Medicare plans over payment disputes

Tina Marie (Ms. Cat)

One large health system with hospitals in Virginia and Ohio this year cut off in-network access to consumers enrolled in some Anthem Blue Cross Blue Shield Medicare and Medicaid health insurance plans.

Hospitals, doctors drop private Medicare plans over payment disputes

Related:

Vanderbilt Health to drop some Medicare Advantage plans

H/T: Christopher Westfall | Senior Savings Network (this is not an endorsement)

US economy expanding?

Tina Marie (Ms. Cat)2 Comments

The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied gloomier predictions from economists.” US Treasury Secretary Janet Yellen commented that “It’s a good, strong number and it shows an economy that’s doing very well,” and she is “not expecting growth at that pace to continue, but we do have good, solid growth.”

US economy expanding?