The PACHA resolution states that only programs with the best scientific information be funded, and that the government should uphold the rights of young people to have access to information in order to make healthy and responsible decisions about their sexual health.
The UCC officials issued objections in their Friday endorsement, however, specifically $5 million in abstinence-only-until-marriage programs.
…the diversity of the Washington economy is an illusion, for each of its business sectors is to some degree a creature of the region’s single great industry–the federal government. According to a 2007 report by the Tax Foundation, for every dollar in taxes Washington sends to the federal government, it receives five in return. Fuller says that over the past 30 years, the federal government has spent $860 billion in the D.C. region, two-thirds of that since 9/11.
The recession ended and the recovery began in June, 2009. It’s an ugly third birthday for the labor market
More than 7 million U.S. jobs disappeared during the recession. Fewer than 3 million have been added in the recovery. And the rate of job growth has been falling lately; in May, the economy added just 69,000 jobs. That’s not even enough to keep up with population growth.
All eyes were fixed Wednesday on Spain, as the country’s borrowing costs showed no signs of slowing their climb amid nervousness about the health of the banking sector and the possibility of the crisis spreading to other euro countries.
Europe’s economic stagnation and continuing financial turmoil in the euro zone have weighed on confidence, the European Commission said Wednesday. The commission’s indicator of business sentiment in the 17-nation euro zone fell in May to 90.6 from April’s revised 92.9. The decline, it said, “was driven by falling confidence in all business sectors, especially in industry and retail trade.”
Jonathan Loynes, an economist in London with Capital Economics, noted that the sentiment data showed “acute weakness across the peripheral economies,” but that the Dutch, French and Germans were also less optimistic. He described it as “overall, an unambiguously weak picture which only looks likely to get worse as the debt crisis continues,” and predicted that euro zone gross domestic product would decline by 1 percent this year, with 2013 “likely to be much worse.”
Read it all. Also, if you want a single picture to keep an eye on, it is the Spanish German 10 year spread which you may see there (yes, that is correct, it is at all all time high).
”¢ NCA currently maintains approximately 3.1 million gravesites at 131 national cemeteries in 39 states and Puerto Rico, as well as in 33 soldiers’ lots and monument sites.
Ӣ Approximately 380,000 full-casket gravesites, 112,000 in-ground gravesites for cremated remains, and 130,000 columbarium niches are available in already developed acreage in our 131 national cemeteries.
”¢ There are approximately 20,000 acres within established installations in NCA. Nearly 60 percent are undeveloped and ”“ along with available gravesites in developed acreage ”“ have the potential to provide approximately 5.6 million gravesites.
Ӣ Of the 131 national cemeteries, 72 are open to all interments; 18 can accommodate cremated remains and the remains of family members for interment in the same gravesite as a previously deceased family member; and 41 will perform only interments of family members in the same gravesite as a previously deceased family member.
A Senate panel expressed its outrage Thursday over Pakistan’s conviction of a doctor who helped the United States track down Osama bin Laden, voting to cut aid to Islamabad by $33 million ”” $1 million for every year of the physician’s 33-year sentence for high treason.
The punitive move came on top of deep reductions the Appropriations Committee already had made to President Barack Obama’s budget request for Pakistan, a reflection of the growing congressional anger over its cooperation in combatting terrorism. The overall foreign aid budget for next year had slashed more than half of the proposed assistance and threatened further reductions if Islamabad failed to open overland supply routes to U.S.-led NATO forces in Afghanistan.
The nonpartisan Congressional Budget Office (CBO) said Tuesday that unless lawmakers act to prevent scheduled tax increases and spending cuts at the end of the year, a recession will likely result in early 2013.
Early next year income taxes are set to go up when the Bush-era tax rates expire. Automatic spending cuts totaling roughly $109 billion triggered by last August’s debt-ceiling deal are set to hit. Meanwhile, payments to physicians under Medicare will be slashed.
CBO projects that these and other elements of the so-called “fiscal cliff” will cause the economy to contract as demand dries up.
Defense contractors have slowed hiring. Tax advisers are warning firms not to count on favorite breaks. And hospitals are scouring their books for ways to cut costs.
Across the U.S. economy, anxiety is rising about the potential for widespread disruptions after the November election, when a lame-duck Congress will have barely two months to resolve a grinding standoff over taxes and spending.
Federal officials said Wednesday they had charged 107 people across the country in recent days for allegedly running a string of unrelated Medicare fraud schemes involving a total of $452 million in false claims….
Among those arrested were seven people in Baton Rouge, La., who were accused of recruiting elderly, mentally ill and drug-addicted patients from nursing homes and homeless shelters. The suspects allegedly signed up the recruits for mental-health services billed at $225 million over six years that never were given or were medically inappropriate, according to officials.
…it is tempting for progressives to dismiss complaints about redistribution of wealth as ignorant or hypocritical, as in many cases they probably are. Yet all naïveté about public budgets aside, a strong presumption in favor of being able to keep the money you earn is a valuable and powerful thing. Progressives who embrace the concept of wealth redistribution on egalitarian grounds, or who join the refrain of “tax the rich” as the main solution to our fiscal and economic problems, tend to miss the many ways in which economic unfairness can remain untouched or even affirmed by redistributive policies….
It’s important to focus rhetoric and activism on making the rich “pay their fair share”””especially during this austerity season, in which the practical alternative is watching services for the poor dramatically cut….
This can’t, however, be the final analysis of redistributive policies. Throughout the Old Testament, inequality itself is hardly the only issue. There is also the question of fair access to the means of making a living””which, in the Old Testament world, means fair access to land ownership.
Government accounting for Social Security has devolved over time from deceptive to dishonest to desperate.
The latest Social Security Trustees report says that benefit promises are fully financed until 2033 and three-fourths financed after that. In short: no crisis.
Here’s the truth, embedded between the lines: At the current payroll tax rate, Social Security would only bring in enough revenue to pay for 72% of all benefits through 2036.
The Washington of conventional wisdom and the real Washington are two entirely different places. The Washington of conventional wisdom is overrun by well-paid insiders ”” lobbyists, lawyers, publicists ”” who systematically manipulate government policies to benefit corporations and the rich, defying the “will of the people.” The real Washington has government paid for by the rich and well-to-do. Benefits go mainly to the poor and middle class, while politicians of both parties live in fear that they might offend the “will of the people” ”” voters.
Recently, Ron Haskins of the Brookings Institution, a Washington think tank, testified before the House Budget Committee on the growth of the 10-largest “means tested” federal programs that serve people who qualify by various definitions of poverty. Here’s what Haskins reported: From 1980 to 2011, annual spending on these programs grew from $126 billion to $626 billion (all figures in inflation-adjusted “2011 dollars”); dividing this by the number of people below the government poverty line, spending went from $4,300 per poor person in 1980 to $13,000 in 2011. In 1962, spending per person in poverty was $516.
In the past decade student debt has surged as tuition and enrollment climbed. At the same time, college graduates’ earnings have declined. The average debt load of all new graduates rose 24%, adjusted for inflation, from 2000 through 2010, to $16,932, says the Progressive Policy Institute, a left-leaning think tank in Washington. Over the same period, the average earnings of full-time workers ages 25 to 34 with no more than a bachelor’s degree fell by 15% to $53,539.
Terri Reynolds-Rogers, a 57-year-old health-program manager from Palmer, Alaska, declared bankruptcy in 2007, but still has $152,000 in student debt. She said she dropped out of medical school in 1999 to care for her two children after her husband died of brain cancer.
The economy lost steam in the first quarter, as onetime engines of growth sputtered and robust consumer spending was unable to propel the recovery on its own.
Gross domestic product, the broadest measure of all goods and services produced in the economy, grew at an annualized rate of 2.2% in the first quarter, down from 3% at the end of 2011, the Commerce Department said Friday. The deceleration reflected sharp cutbacks in government spending and weaker business investment and came despite an unusually warm winter, which many economists said likely provided a mild economic boost.
The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014.
Some of the same spoilers that interrupted the recovery in 2010 and 2011 have emerged again, raising fears that the winter’s economic strength might dissipate in the spring.
In recent weeks, European bond yields have started climbing. In the United States and elsewhere, high oil prices have sapped spending power. American employers remain skittish about hiring new workers, and new claims for unemployment insurance have risen. And stocks have declined.
There is a “light recovery blowing in a spring wind” with “dark clouds on the horizon,” Christine Lagarde, managing director of the International Monetary Fund, said Thursday….
Here’s a breakdown of the numbers. The report, citing White House budget office figures, estimated $46 billion of costs under the Troubled Asset Relief Program to support struggling homeowners. It showed $2 billion of overall gains on the Treasury’s investments in various bailed-out companies, such as American International Group Inc. (AIG), some of which are held outside of TARP. Other Treasury programs to buy mortgage-backed securities and to guarantee money-market funds would produce $26 billion of gains, the report said.
Add up those categories, and the projected net cost so far is $18 billion. On top of that, there’s the current net cost of the government-sponsored housing financiers Fannie Mae and Freddie Mac, which the Treasury pegged at $151 billion. So how did Treasury project a potential gain overall?
A new revelation of young American soldiers caught on camera while defiling insurgents’ remains in Afghanistan has intensified questions within the military community about whether fundamental discipline is breaking down given the nature and length of the war.
The photographs, published by The Los Angeles Times on Wednesday, show more than a dozen soldiers of the 82nd Airborne Division’s Fourth Brigade Combat Team, along with some Afghan security forces, posing with the severed hands and legs of Taliban attackers in Zabul Province in 2010. They seemed likely to further bruise an American-Afghan relationship that has been battered by crisis after crisis over the past year, even as the two governments are in the midst of negotiations over a long-term strategic agreement.
The images also add to a troubling list of cases ”” including Marines videotaped urinating on Taliban bodies, the burning of Korans, and the massacre of villagers attributed to a lone Army sergeant ”” that have cast American soldiers in the harshest possible light before the Afghan public.
Investigators now suspect that as many as 21 prostitutes were brought by U.S. Secret Service and military personnel to the Hotel Caribe in Cartagena, Colombia, last week during a night of carousing, a dramatic increase in the number of women previously disclosed by government officials.
Officials said that 11 Secret Service and nine military personnel are suspected of the misconduct that took place in advance of President Obama’s trip to the country for an international economic summit. Initially reports suggested that the military personnel, some of whom were confined to their rooms after the scandal broke, had merely violated curfew, while the Secret Service members had engaged with prostitutes.
The current economic recovery is more of an uphill slog than any other since World War II for a simple reason: lots more debt.
Record-high debt levels are giving this recovery no chance to exhale. As soon as the economy climbs one hill, another ascent begins.
Combined U.S. household debt and government debt added up to more than $30 trillion, or 200% of GDP, at the end of 2011.
That’s $155,000 per working-age (18-64) adult. By that measure, debt was 50% higher in real terms at the start of this recovery than in 2001. Compared to the 1991 and 1982 recoveries, debt was, respectively, 88% and 230% higher.
…imagine how cool it would be if, by some twist of time, the National Archives were to make available detailed census information from nearly 70 years in the future ”” the 2080 census.
We asked James Dator, director of the Hawaii Research Center for Futures Studies, what kind of information census takers will be soliciting seven decades in the future. Dator says that possible questions might include:
””Do you have a home, or “biophysical domicile”? If so, is it on Earth, the moon, Mars or elsewhere?
””What is your current sex?
””What is your permission number for drinking water?…
Pastors and members of several Lutheran Church-Missouri Synod congregations will gather Tuesday to show support for the Catholic Church’s opposition to federal Health and Human Services department rules requiring many religious institutions to provide employees with health insurance that includes contraception, sterilization and abortion-inducing drugs.
“We see this HHS contraceptive mandate as an attack on freedom of religion,” said Christopher Barnekov, a member of St. Paul Lutheran Church on Barr Street who is helping to organize the event.
President Obama’s signature health reform law will add as much as $527 billion to federal deficits over the next decade, not cut them as advertised, according to a report released Tuesday.
The Affordable Care Act will add as much as $1.2 trillion to federal spending between 2012 and 2021, the report also finds. Charles Blahous, who serves as one of Medicare’s trustees, wrote the report, published by George Mason University’s Mercatus Center.
Higher commodity prices, however, are a cost borne by businesses and consumers and this has mitigated the economic stimulus provided by prior bouts of QE. Higher equity prices, alas, can’t offset pain at the petrol pump and the supermarket for many consumers.
All that raises the prospect that introducing QE3 simply runs the risk of entrenching the economy in its post-financial crisis mode of a stop and start recovery.
In fact, advocates of QE3 are really betting that the Fed will err far more on the side of risking much higher inflation in the long run as it seeks to lower the unemployment rate towards 7 per cent.
…if anyone is eager for encouraging signs, it’s worth pointing out that the very broadest measure of unemployment actually improved this month. This is the U-6 metric, which tallies up all unemployed persons, plus people marginally attached to the labor force, plus people employed part-time for economic reasons. Jim Pethokoukis likes to call this “perhaps the truest measure of the labor market’s health.” And U-6 dropped from 14.9 percent in February to 14.5 percent in March. Anyone trying to dig around for optimistic signs should start there.
Still, it’s a weak report all around. And we’ll know in a few months if March was actually as tepid as everyone thinks. In theory, the real significance of this report should be whether it convinces Ben Bernanke and the Federal Reserve that a little more monetary stimulus is needed. But how likely is that? The unemployment rate is roughly in line with what the Federal Open Market Committee has been expecting. And if the Fed’s content with the current state of affairs, then more help may not be on the way after all.
(The full title is: “White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You”)–KSH
What was the main difference between Great Britain and France? It -wasn’t the size of their national debts: at the time of the French Revolution, Great Britain’s debt per person was much larger than France’s. The difference was politics. In Great Britain, the political system was dominated by elected representatives who supported an activist government and were willing to endorse the taxes necessary to pay for its resulting debts. In France, the government did not have the legitimacy necessary to raise the money to service its smaller debts. And although its tax rates were lower than Britain’s, the problem of taxation without representation was an important cause of the Revolution.
Federal Reserve policymakers have backed away from the need for another round of monetary stimulus as the U.S. economy gradually improves.
Minutes of the central bank’s meeting published on Tuesday showed only two of the policy-setting Federal Open Market Committee’s 10 voting members saw the case for additional monetary stimulus.
California’s high-tech firms make the world’s most popular smartphones, social networks and search engines, but there’s one asset they’re struggling to build: trust.
The vast majority of Californians surveyed in a statewide poll are worried about the data collected by Internet and smartphone companies, and most said they distrust even firms known for their ardent fans and tens of millions of daily users.
Many of those surveyed in the latest USC Dornsife/Times poll also said they were wary of firms collecting personal information without their knowledge and concerned that personal data could become public or be harvested to sell them products.
We have finally reached the point in our financial history where even bankers hate bankers.
Last week, the Federal Reserve Bank of Dallas issued its 2011 annual report with a 34-page essay, “Why We Must End Too Big To Fail — Now.” The report stops short of calling our nation’s largest banks terrorists, but it does dub them “a clear and present danger to the U.S. economy.”
It begins with a letter from regional Fed president Richard Fisher. “More than half of banking industry assets are on the books of just five institutions,” he complains. “They were a primary culprit in magnifying the financial crisis, and their presence continues to play an important role in prolonging our economic malaise.”
This is not the Tea Party. This is not Occupy Wall Street. This is not some disgruntled Goldman Sachs guy firing off a nastygram to the New York Times on his last day. This is a member of the Federal Reserve itself — an institution that bears responsibility for our banking system devolving into an untenable oligarchy that buys off politicians, captures regulators and eats up our money. This is a member of the establishment saying Too-Big-To-Fail, or TBTF, must die.
The centerpiece of the case against Obamacare is the requirement that everyone buy some kind of health insurance or face stiff penalties–the so-called individual mandate. It is a way of moving toward universal coverage without a government-run or single-payer system. It might surprise Americans to learn that another advanced industrial country, one with a totally private health care system, made precisely the same choice nearly 20 years ago: Switzerland. The lessons from Switzerland and other countries can’t resolve the constitutional issues, but they suggest the inevitability of some version of Obamacare….
Twenty years ago, Switzerland had a system very similar to America’s–private insurers, private providers–with very similar problems. People didn’t buy insurance but ended up in emergency rooms, insurers screened out people with pre-existing conditions, and costs were rising fast. The country came to the conclusion that to make health care work, everyone had to buy insurance.