themcglynn.com

02 Jun

A Progressive Platform – Nation of Change

Robert Reich | The Job Stall

Robert Reich, Op-Ed: But a bigger part of the problem is right here in the United States, and it’s clearly on the demand side of the equation. Big companies are still sitting on a huge pile of cash. They won’t invest it in new jobs because American consumers aren’t buying enough to justify the risk and expense of doing so. Yet American consumers don’t have the cash or the willingness to spend more.

 

Mega Manufacturer Caterpillar Demands Concessions from Workers after Boosting CEO Pay by 60 Percent

Pat Garofalo, News Report: Oberhelman pay increase, which was tied to the company’s performance, included a $4.9 million cash payment, an 81 percent increase from his 2010 cash award. His base salary increased to $1.4 million from $1.1 million in 2010. “The practice of raising executive compensation to obscene levels while making it harder for working families to pay for basic medical expenses is impossible to justify at a company as successful as Caterpillar,” said International Association of Machinists President Tom Buffenbarger.

Massey WV Coal Battle Take Two: Erie, CO Citizens Fight Fracking

Steve Horn, News Analysis: In a nutshell, the community surrounding Marsh Fork was turned upside down by Massey at its Upper Big Branch Mine project, which involved contaminated air and water and left children susceptible to developing Black Lung and various cancers and other illnesses as they grew older.

 

Auctioning Off the Presidency From the Pentagon Battlements

Alexander Cockburn, Op-Ed: Last year, President Obama signed into law a budget scheme that threatens to saddle the U.S. military with nearly $1 trillion in cuts over the next 10 years. President Obama’s own defense secretary, Leon Panetta, has called cuts of this magnitude ‘devastating’ to our national security. Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, has plainly said that such a reduction means ‘we would not any longer be a global power.’

 

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