Biz+Tech

Black-White Disparities Still Severe

AP reports: "Black Americans are less likely than white Americans to own homes, don't earn as much as whites, don't live as long, and don't do as well in school, according to a report by the National Urban League. The report, released on March 24, is a collection of survey data and essays by experts in race, social justice, health, psychology and civil rights. The most conspicuous differences it found were in the areas of home ownership and economic parity, with black earning power about 73 percent that of whites. 'The wealth gap is significant,' Urban League President Marc Morial said in an interview."

Medicare In Trouble, Thanks to Health Costs and New Medicare Law

Let me guess: federal tort reform is the cure-all? NY Times reports: "Medicare's financial condition has significantly deteriorated, partly because of exploding health costs and partly because of the new Medicare law, the government reported on Tuesday. In its annual report to Congress, the Medicare board of trustees said the program's hospital insurance trust fund could run out of money before the end of the next decade. The trustees have made such projections in the past, but this one was much bleaker than the outlook reported just last year.

Bush Facing Dreary Jobs Data in Michigan

AP reports: "Allies of Democrat John Kerry in this down-on-its-luck industrial state are armed with depressing statistics on unemployment and poverty, hoping to persuade voters to blame President Bush for the hit on their pocketbooks. In Michigan, 6.6 percent of workers are unemployed, with the strain sharpest in communities that have suffered plant closings and manufacturing cutbacks as jobs moved overseas. There is widespread anger, spreading into conservative areas, that Bush is not doing enough to keep those jobs at home or help the poor."

Economist: Bush Wants Stagnant Job Market

Economic James K. Galbraith argues in Salon that Bush wants a stagnant job market to "keep the help from getting uppity." He writes: "The transcendent economic issue this election year isn't the growth rate. It isn't the stock market. It isn't the budget deficit. And it isn't even the rate of unemployment. It's the number of people in this country who have decent work -- and the number who don't."

Americans, Wall Street Shrug Off Mad Cow

Reuters reports:: Investor concerns that consumers would shun beef after last month's discovery of the first U.S. case of mad cow disease appear to have evaporated as shares of steakhouses and hamburger chains have snapped back to their previous levels.In the days following the Dec. 23 announcement, restaurant stocks fell hard on fears that meat from a cow with the deadly brain-wasting disease, formally known as bovine spongiform encephalopathy, had entered the food chain. Humans can contract a form of the disease known as variant Creutzfeldt-Jakob Disease by eating infected beef."

Business lobbyists eye State of the Union

AP reports that lobbyists are campaigning for a Bush mention Tuesday night: "'You tell everybody you can think to tell' in the White House, said Dan Danner, lobbyist for the National Federation of Independent Business. 'You tell the speechwriters. You tell the congressional people. You tell the policy people. You tell the public liaison people and the economic shop.' Danner's issue is what the federation calls Association Health Plan legislation. It would allow small business organizations to provide insurance for members' workers. President Bush has endorsed the idea often, but not in the State of the Union, the annual showpiece of his administration. A reference in the roughly hourlong address Tuesday night would be a declaration that the president considers the plan a priority and would send the same message to lawmakers whose 2004 session got under way earlier in the day."

Taking Back Free Enterprise

Kevin Danaher and Jason Mark write on Alternet: "As it turns out, corporations operating in a deregulated environment do what is in the best interest of no one except the top corporate officials: government agencies and investors get lied to, pension funds lose billions, companies go bankrupt, thousands of workers lose their jobs, shareholders lose their investments, and faith in the system is shaken. Now we citizens must decide which definition of 'free enterprise' will prevail. Will it be 'the freedom of large corporations to go anywhere and do anything to people and planet' or will it be 'the freedom of everyone to be enterprising'?"

Bloggers Speak Out

Mississippi keeps cropping up out there on the weblogs (called "blogs," we're talking about Web sites that update daily with news and politics coverage) and—almost universally—in a familiar context. I saw our fair state mentioned last week on the Democratic "inside baseball" site http://www.dailykos.com)]DailyKos, in a completely gratuitous mention that's par for the course: "Don't fear, however. CT is a safe Dem state. There's as much chance of Bush taking the state as of the Dems taking Mississippi."

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