Category Archives: Economics

Air and Water Under Threat as SCOTUS Targets Environmental Laws

“It seems like we have a new conservative supermajority on the court that is much more inclined to do a slash-and-burn expedition through our major environmental laws.”

By Julia Conley   Published 1-25-2022 by Common Dreams

Coastal Wetlands at Parker River National Wildlife Refuge in Newburyport, MA.
Ohoto: Kelly Fike/USFWS/flickr/CC

Environmental advocates and congressional Democrats are raising alarm after the U.S. Supreme Court this week agreed to hear arguments in two cases regarding bedrock regulations designed to protect the quality of the nation’s air and water.

The nine justices announced Monday that they plan to hear arguments in the case of an Idaho couple who were blocked from building a home on their land by the Clean Water Act. According to the Environmental Protection Agency (EPA), Chantell and Michael Sackett’s land contained wetlands and the couple needed a federal permit to build. Continue reading

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‘A No-Brainer’: Lawmakers Urge Pelosi to Hold Vote on Stock Trading Ban

“Perhaps this means some of our colleagues will miss out on lucrative investment opportunities,” said House members in a bipartisan letter. “We don’t care.”

By Jessica Corbett  Published 1-24-2022 by Common Dreams

Photo: Gage Skidmore/flickr/CC

A bipartisan group of U.S. lawmakers on Monday urged the top Democrat and Republican in the House of Representatives to “swiftly bring legislation to prohibit members of Congress from owning or trading stock” to the floor.

The call came in a letter to House Speaker Nancy Pelosi (D-Calif.)—who has faced criticism for defending her husband’s trades and existing rules—and Minority Leader Kevin McCarthy (R-Calif.), who is reportedly considering enacting a ban on lawmakers trading if the GOP wins control of the chamber in this year’s midterms. Continue reading

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These machines scrub greenhouse gases from the air – an inventor of direct air capture technology shows how it works

One ‘mechanical tree’ is about 1,000 times faster at removing carbon dioxide from air than a natural tree. The first is to start operating in Arizona in 2022.
Illustration via Arizona State University

Klaus Lackner, Arizona State University

Two centuries of burning fossil fuels has put more carbon dioxide, a powerful greenhouse gas, into the atmosphere than nature can remove. As that CO2 builds up, it traps excess heat near Earth’s surface, causing global warming. There is so much CO2 in the atmosphere now that most scenarios show ending emissions alone won’t be enough to stabilize the climate – humanity will also have to remove CO2 from the air.

The U.S. Department of Energy has a new goal to scale up direct air capture, a technology that uses chemical reactions to capture CO2 from air. While federal funding for carbon capture often draws criticism because some people see it as an excuse for fossil fuel use to continue, carbon removal in some form will likely still be necessary, IPCC reports show. Technology to remove carbon mechanically is in development and operating at a very small scale, in part because current methods are prohibitively expensive and energy intensive. But new techniques are being tested this year that could help lower the energy demand and cost.

We asked Arizona State University Professor Klaus Lackner, a pioneer in direct air capture and carbon storage, about the state of the technology and where it’s headed. Continue reading

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Ted Cruz’s Pro-Corruption Case Gets Supreme Court Review

According to one legal expert, “The statute challenged in Cruz is a matter of common sense: the corruption risk inherent in post-election payments effectively made to candidates themselves is obvious and acute.”

By Andrea Germanos.  Pubished 1-19-2022 by Common Dreams

Senator Ted Cruz speaking with attendees at the 2019 Teen Student Action Summi. Phoyp: Gage Skidmore/flickr/CC

The U.S. Supreme Court heard oral arguments Wednesday in a case brought by Republican Sen. Ted Cruz of Texas that’s been described as “the latest attempt to dismantle federal campaign finance rules.”

At issue in the case—Federal Election Commission (FEC) v. Ted Cruz for Senate—is the Bipartisan Campaign Reform Act of 2002, also known as the McCain-Feingold Act, and a $260,000 loan Cruz made to his Senate reelection campaign just ahead of the 2018 election. Continue reading

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Tax on Global Mega-Rich Could Help Lift 2.3 Billion Out of Poverty

“The insane reality is that whilst billions face a daily struggle to survive during this pandemic, billionaire wealth is spiraling out of control. This cannot be right.”

By Jake Johnson.  Pubished 1-18-2022 by Common Dreams

Photo: Bryan Ledgard/Wikimedia Commons/CC

A new analysis released Tuesday estimates that an annual wealth tax targeting the world’s millionaires and billionaires would raise enough revenue to lift 2.3 billion people out of poverty, provide universal healthcare to the people of low- and middle-income nations, and produce enough coronavirus vaccines to meet global demand.

“During 2021, we witnessed the epidemic of Covid-19 and wealth-hiding, and it’s time to reverse course.” Continue reading

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Why Did Democratic AG Kill Flint Water RICO Case?

“Political corruption poisoned Flint and political corruption shielded the wrongdoers from accountability,” said one critic following new revelations.

By Kenny Stancil.  Pubished 1-17-2022 by Common Dreams

Dana Nessel. Photo: Michigan Attorney General’s Office

Prosecutors investigating Flint’s contaminated water crisis were pursuing a racketeering case against public officials whose austerity-driven policies caused the health catastrophe, but after newly elected Michigan Attorney General Dana Nessel took over in 2019, those charges were dropped.

That’s according to investigative journalist Jordan Chariton and Pulitzer prize-winning reporter Charlie LeDuff’s explosive new story, which was published Monday in The Guardian and sparked fresh questions about holding perpetrators responsible for the ongoing calamity. Continue reading

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Poor People’s Campaign Readies ‘Massive, Nonviolent’ Effort to Save Democracy

“We are not in this for a moment, but for a movement,” said Rev. Dr. William J. Barber II. “Our deadline is victory.”

By Jake Johnson.  Pubished 1-16-2022 by Common Dreams

Photo: Becker1999/flickr/CC

Don’t call it a day of action.

On June 18, the Poor People’s Campaign and its partners in organized labor, the civil rights movement, and religious communities are planning to mobilize their members and allies from across the U.S. to Washington, D.C. for what they hope will be the “largest mass assembly of poor people and low-wage workers in this nation’s history.”

But Rev. Dr. William J. Barber II, co-chair of the Poor People’s Campaign, cautioned against viewing the impending “massive, nonviolent” march on the nation’s capital as a singular event, one whose energy and demands will fade as soon as that June Saturday ends. Continue reading

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More Than 8,000 Kroger Grocery Workers Strike in Colorado

The strike began a day after a report showed 14% of Kroger workers have experienced homelessness in the past year.

By Julia Conley.  Published 1-12-2022 by Common Dreams

Photo: Chimi Chi/Twitter

On the heels of a new report showing significant financial insecurity, including homelessness, among workers at Kroger grocery stores, more than 8,000 of the chain’s employees in Colorado went on strike Wednesday to demand fair wages and better healthcare benefits.

Amid a recent wave of successful strikes at companies including John Deere and Kellogg’s, the work stoppage is taking place at nearly 80 King Sooper grocery stores, which are owned by the Kroger Company, across the Denver metropolitan area. According to the Colorado Sun, 10 additional stores in Colorado Springs could also go on strike in the coming weeks. Continue reading

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‘Good News for Seniors’: Becerra Orders Medicare to Reassess Premium Hike

“It is unconscionable,” said one advocate welcoming the announcement, “for Medicare premiums to increase this dramatically because of one corporation’s greed.”

By Brett Wilkins.  Pubished 1-10-2022 by Common Dreams

U.S. Health and Human Services Secretary Xavier Becerra announced on January 10, 2022 that he was ordering a review of a planned 15% hike in the Medicare Part B premium. Photo: Gage Skidmore/flickr/CC

As the head of the U.S. Department of Health and Human Services announced Monday that he was ordering a review of a planned 15% hike in the Medicare Part B premium for 2022, healthcare reform advocates stressed the need for Congress to pass a Build Back Better bill with a provision allowing the federal government to negotiate the price of prescription drugs.

HHS Secretary Xavier Becerra said that he was instructing the Centers for Medicare and Medicaid Services (CMS) “to reassess the recommendation for the 2022 Medicare Part B premium”—a hike that progressive critics said was largely the result of the pharmaceutical industry’s outrageous profiteering. Continue reading

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The glaring problem with a recent multinational pledge against nuclear war

Five of the world’s most powerful countries took a stand against nuclear weapons. So why are they modernising and increasing their stockpiles?

By Paul Rogers.  Published 1-8-2022 by openDemocracy

A ballistic missile and launcher in a military parade, North Korea, 2013 | Stefan Krasowski, CC BY 2.0

Last Monday, the five permanent members of the UN Security Council – the US, Russia, China, France and the UK – signed a joint pledge to reduce the risk of nuclear war. The pledge states that:

“We affirm that a nuclear war cannot be won and must never be fought.  As nuclear use would have far-reaching consequences, we also affirm that nuclear weapons—for as long as they continue to exist—should serve defensive purposes, deter aggression, and prevent war.  We believe strongly that the further spread of such weapons must be prevented.” Continue reading

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