Tag Archives: uaw

Netroots Nation recap

I wasn’t there this year. This is the second year in a row in which I missed the gathering. Sorry!! I was truly inspired by what I saw via streaming. My friend Marcy was there. Here’s her recap. (BTW, I completely agree. This thang has to be about the middle class. If we do right by the middle class we will do right by the county!):

Howard Dean at NN11

Sorry to be AWOL for most of Netroots Nation. bmaz says I’ve been offline for the last few days because we’ve been drunk and busy, but it seems to me I’ve just been incredibly busy for five days straight. There were a lot of conversations, but the overall theme seemed like a desperate conversation on saving the middle class.

Early in the week, I had some extended conversations with labor folks, including some interesting discussions about the UAW’s plans to organize transplants–I hope to do an extensive follow-up on that.

On Thursday, I had the honor to be on a podium between Howard Dean and Russ Feingold, two of my political inspirations. Though the speakers of the night were probably a Pakistani and Zimbabwean woman talking about how important blogs are to giving women voices in oppressive societies. American Federation of Teachers President, Randi Weingarten, also gave a great talk.

On Thursday, I joined the ACLU and Julian Sanchez talking about all the surveillance we’re under. I think we succeded in scaring a lot of people.

I had conversations with a number of elected officials: Luis Gutierrez on immigration, Keith Ellison on saving the middle class, Sheldon Whitehouse on saving the middle class. Alan Grayson talked about what he’s reading about our increasing inequality in Fed documents. While he’s not elected, Jared Bernstein and I had a great talk about the MI auto bailout (and the fact Republican leaders are now claiming credit for results of stimulus in the midwest). (more…)

What's going on – News Roundup

Thursday Evening News Roundup

  • You know, after my being up all night, a short nap does not hit the spot like it used to. It takes some time for cobwebs to clear. So if most of what I wrote below doesn’t make any sense, feel free to write it off to a lack of sleep.
  • The stock market fell for the second day in a row. All the major indices were down. Standard & Poor’s changed its outlook for General Electric to “negative”. Exxon Mobil and Chevron lost approximately 5% as the cost of a barrel of oil fell below $36. (NPR has a nice story on the oil glut.) Auto stocks also fell as the White House continued to play around with the auto bailout.
  • The Office of Thrift Supervision (yes, that is the name of the actual federal office) has produced a 300-page report which outlines credit card companies “unfair,” “unreasonable” and “deceptive” practices. They banned together with the Federal Reserve and the National Credit Union Administration and new rule changes were proposed. These rule changes should help consumers; however, like everything in the Bush administration era, there is one last poke in the eye for the consumer. These rule changes do not take place until July 1, 2010. 2010? That’s ridiculous. I believe changes should be enacted by January 1, 2009, but that’s just my opinion.
  • I’ve mentioned the New York Times series The Reckoning, a series of articles that explores the causes of our financial crisis. After reading all of them, it is clear that not it was not one thing that caused the financial crisis. Instead, multiple and disparate occurrences created an atmosphere in which this crisis became possible. Today’s article looks at compensation on Wall Street. A 30-something trader making $180,000 a year could pull in a bonus of over $5 million back in 2006. Unfortunately, as the article points out, the record earnings of $7.5 billion (in 2006) for Merrill Lynch turned out to be (here we go again) Monopoly money. The earnings weren’t real but the bonuses were. This is an excellent article and is well worth taking the time to read.
  • This was the warmest year on record for the Arctic. The average temperature was a full 9°F above normal. This can’t be good.
  • Pirates in Somalia are living the good life. Some are making over $1 million a year.  Think of these pirates as Wall Street executives.  😉
  • The latest out of the White House on the bailout of Detroit is something called an “orderly” bankruptcy. The president spokesperson, Dana Perino, tried to explain what this was. I’m not sure that she quite gets it herself. Basically, as I understand it, some government person would oversee negotiations among investors, executives of General Motors and Chrysler, suppliers and the UAW. In my opinion, this means that everyone should do okay… except that the workers will be asked to sacrifice even more. (By the way, Chrysler announced that it will cease production for the rest of the year.)
  • Time for a little R&R.

  • President Bush spoke at the American Enterprise Institute (a conservative think tank) today. As he discussed his eight years in office, he commented on how he has decided to leave free-market economics and move “aggressively” to avoid another Great Depression. It would seem George W. Bush is trying to avoid being the century’s Herbert Hoover. Again, this could be considered part of President Bush’s “victory tour.” President Bush and Dick Cheney have done numerous interviews over the last 10 days which seem to be aimed at rewriting history. Rachel Maddow had an excellent segment on this a couple nights ago (see video clip below).(full video of the President is here.)

The Errington Thompson Show 11-29-08

Rushing out of the house, I left my computer on top of the washing machine. This makes things tough, since my computer is important. I play recorded segments and sound effects off of it… so I was in a panic. No worries. I still have a great show for you. I hope everyone had a great Thanksgiving.

Dave called in and mentioned David Stockton. Here’s an article on David Stockton.

In the radio show, I announce my exciting new podcast contest.

Subscribe to my podcast (see the sign-up box in the right hand column) and you are entered to win an Amazon.com $50 gift certificate. Everyone who subscribes will be entered to win. Each Saturday night at nine (EST) all the entries for that week will be placed into a hat and one name will be drawn at random (no family or friends can enter, of course). The contest ends on December 23rd. Everyone who signed up between December 2nd and December 23rd will be entered into a final drawing. The randomly selected winner will win an iPod Nano!

I also discuss the auto industry. At one point, I get an interesting question about the whether Republicans are going to try to bust the UAW and will they try and do the same thing with nurses when we focus on health care?

Enjoy.