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AGelbert

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Welch, aiming to put the $3.5 trillion figure in perspective, noted the country spent nearly $6 trillion on wars in the Middle East and Asia over the past 20 years and another $5 trillion in tax cuts for  wealthy individuals and institutions during the Republican presidencies of George W. Bush and Donald Trump.

Sep 6 2021, 8:50 PM

Bernie Sanders, at a career apex, faces his biggest political test yet

By Kevin O'Connor

His sound bites for the common good and against corporate greed haven’t changed. But facing the biggest test of his political career, U.S. Sen. Bernie Sanders, I-Vt., said the stakes had never been higher.

The Vermont independent toured his home state this Labor Day weekend in support of a $3.5 trillion budget bill that, if adopted by colleagues now arguing over its price tag, would be the largest federal social spending plan in the nation’s history.

“This bill will be the most consequential piece of legislation for working people, the elderly, the children, the sick and the poor since [President Franklin Delano Roosevelt] and the New Deal of the 1930s,” he said in Springfield on Saturday as he kicked off a five-town tour that drew more than 2,000 people there and in Brattleboro, Middlebury, Newport and St. Johnsbury.

The bill could bring life to a host of Sanders’ longtime hopes, including universal pre-kindergarten, free community college, paid family and medical leave, energy efficiency and climate change improvements, price reductions on prescription drugs and the largest-ever expansions of affordable housing and Medicare health insurance to cover dental, hearing and vision care.

“My Republican colleagues are going to tell you that Bernie’s plan is going to raise taxes,” Sanders said. “They are right. We are going to raise taxes — on the billionaires and large corporations — but nobody in America who makes less than $400,000 a year will pay a penny more.”

read more:
https://vtdigger.org/2021/09/06/bernie-sanders-at-a-career-apex-faces-his-biggest-political-test-yet/
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Re: Money
« Reply #901 on: September 18, 2021, 02:17:10 pm »


September 17, 2021 By Mike Schuler

Photo: Port of Long Beach

Ports of Los Angeles and Long Beach Expand Gate Hours to Alleviate Congestion

With unprecedented congestion at Southern California ports, the ports of Los Angeles and Long beach are taking unprecedented steps to ease the logjam.

The ports of Los Angeles and Long Beach are neighbors at the San Pedro Bay Port Complex and rank as the top one and two container ports in the United States, respectively. Combined, the ports move approximately 40% of all containerized cargo entering the U.S. each year and about 30% of all containerized exports. In recent weeks, the number of ships both in port, at anchor, and even drifting off the coast have reached all-time highs, with new daily records being set daily.

After consultation with multiple supply chain stakeholders and the U.S. Department of Transportation, the ports of Long Beach and Los Angeles today are announced bold new measures to improve freight movement and reduce delays through the ports as they continue to experience record volumes. Specifically, both ports will expand the hours during which trucks can pick up and return containers, measures meant to enhance the ports’ landside operations to help meet the unprecedented growth in cargo volume and increase throughput.

Mario Cordero, Executive Director of the Port of Long Beach, announced that Long Beach will take the first step towards a 24/7 supply chain by maximizing nighttime operations. Meanwhile, Port of Los Angeles Executive Director Gene Seroka announced that the Port of Los Angeles will expand weekend operating gate hours. Dubbed “Accelerate Cargo LA,” the Port of Los Angeles’ program will operate on a pilot basis to ensure that gate availability meets cargo demands and provides greater transparency to improve efficiency.

Both ports are also calling on marine terminal operators to incentivize the use of all available gate hours, especially night gates, to reduce congestion and maximize cargo throughput capacity.

“We appreciate the leadership of the Biden-Harris Administration in marshalling a response to the unprecedented global supply chain disruption so acutely felt here at the San Pedro Bay Port Complex,” said Port of Los Angeles Director Seroka. “These steps, in addition to what has previously been recommended, demonstrate that the Port of Los Angeles will continue to innovate in order to manage this historic cargo surge.”

“The Port of Long Beach is prepared to take bold and immediate action to help the supply chain move the record cargo volumes that keep our economy moving, and we appreciate the support and leadership shown by the Biden-Harris Administration,” added Port of Long Beach Director Cordero.

The ports of Long Beach and Los Angeles say they will work closely with the trucking community to ensure that all truck operators understand how to take advantage of incentivized gate hours as well as the expanded opportunities that will be created to move cargo during non-peak times. In addition to expanded hours and incentivized reservation priority, the ports urge terminals and the trucking community to consider additional corrective measures.

International Longshore and Warehouse Union Coast Committeeman Frank Ponce De Leo welcomed the initiative and said dockworkers were ready to meet the challenge.

ILWU dockworkers have continued to work every day during the pandemic, and we welcome t­he opportunity to work extended gate and weekend hours. In fact, our contracts allow our employers to hire us for the third shift, thus providing the movement of cargo around the clock,” De Leo said. “Dockworkers have been breaking records moving more cargo than ever at the ports of Los Angeles and Long Beach, and this move by the port directors will work only if others in the supply chain step up to the challenges.”

“I thank Directors Cordero and Seroka for their leadership and all of the men and women who have helped meet the challenge of moving extraordinary cargo volumes during a global pandemic,” said John Porcari, the Ports Envoy to the Biden-Harris Administration’s Task Force on Supply Chain Disruptions. “I look forward to continuing to work with all stakeholders to strengthen the resiliency of our transportation supply chain.” 

https://gcaptain.com/ports-of-los-angeles-and-long-beach-expand-gate-hours-to-alleviate-congestion/
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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SOJOURNERS

September 23, 2021

BY LAUREN W. RELIFORD

Bishop Michael Curry, the presiding bishop of the Episcopal Church, speaks to the media on Sept., 22, 2021, following a meeting between a coalition of Christian denominations and the White House to discuss investments in anti-poverty initiatives and programs that support children and families. REUTERS/Evelyn Hockstein

WHEN WILL BE THE RIGHT TIME FOR ELECTED OFFICIALS TO ADDRESS THE CRUSHING NEEDS OF FAMILIES AND COMMUNITIES?

Snippets:

While doing frontline social work with aging adults during the pandemic, I saw the importance of supporting people throughout their lives. The social work code of ethics calls us to meet people where they are, honoring the dignity of life by using our relationships to heal and uplift. This often requires us to connect people with life-saving resources to meet basic needs, including housing, medical care, education, and even transportation. Even amid so much death, I shared moments of joy when I could connect with my patients, who knew I was there to help, sans judgement, and that I genuinely wanted them to live the life God intended for them.

It is not lost on me that many patients would not have survived without access to social supports like housing, food assistance, and access to affordable health care. I also know millions of people of all ages in the United States rely on similar supports. For example, we already know that increasing access to programs such as the Supplemental Nutrition Assistance Program (SNAP) and the recently expanded Child Tax Credit (CTC) demonstrably reduce the risk of poverty and its impacts on health and well-being. ... ...

Many people in the United States were already suffering before the pandemic; COVID-19 has exacerbated that hardship for millions of us. As a person of faith, I find this suffering unacceptable, as it dishonors the inherent dignity of people shaped in the image of God. ... ...

Nearly one in seven children — more than 10 million children, or about half the population of New York — are living in poverty. These numbers are even more startling for children of color. According to the Children’s Defense Fund, children in poverty are disproportionately Black, Hispanic, and American Indian/Alaska Native.

Can our elected officials really justify making these children wait for the “right time” to enable them to lift themselves out of poverty?

Full article:
https://sojo.net/articles/parable-federal-budget

Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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September 24, 2021

SOURCE: Common Dreams

‘You tell me what we should cut’: Sanders not budging on $3.5 trillion  


Full article:
https://www.nationofchange.org/2021/09/24/you-tell-me-what-we-should-cut-sanders-not-budging-on-3-5-trillion/
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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October 27, 2021

Photo: VladSV / Shutterstock.com

Top Freight Forwarder Says Containergeddon Will Last A “Very Very Long Time” 😬

by Stine Jacobsen (Reuters)

Chaotic conditions in the freight sector and sky-high prices for transporting goods will persist for “a very very long time,” the world’s third-largest freight forwarder DSV said on Tuesday.

Major trade bottlenecks have formed around the globe due to a surge in demand for retail goods from people stuck at home under pandemic-related lockdowns, and these have worsened as economies recover.

This has led to record-high freight rates and the situation has worsened in recent months for both air and sea freight, Danish-based DSV said in its third-quarter earnings report.

“I have stopped using the word ‘normalization’,” Chief Executive Jens Bjorn Andersen told Reuters. “If normalization means that we will come back to a market like we knew it in ’18 and ’19 I do not think it will happen – at least not for a very very long time.”

The situation has been particularly severe in major markets such as the United States, where dozens of vessels remain stuck off the West Coast ports of Los Angeles and Long Beach, unable to discharge.

“The fact that investments in infrastructure has been neglected in the U.S. for many years does not help as the port and railway infrastructure simply is not equivalent to the volume increase that has taken place,” Andersen said.

He spoke after DSV confirmed strong preliminary third-quarter profit released earlier this month, when it also lifted its 2021 outlook for the fifth time this year on the back of record-high freight rates.

($1=6.3922 Danish crowns) (Reporting by Stine Jacobsen; Editing by Clarence Fernandez and David Holmes)
https://gcaptain.com/freight-forwarder-containergeddon/
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Should you take a Social Security Pension prior to "full" benefits eligibility

I took my Social Security retirement at 62 and still glad I did. I am 75. Anyone who waits is fooling themselves. The “full” amount has been so whittled down by low COLA increases each year (that are FAR below the actual amount of inflation), that we are robbed each year of some of our buying power. Every year you wait is money in the pocket of the government and more impoverishment for we-the-elderly. 🤦‍♂️

2020 Loss of Buying Power Study Social Security Benefits Lose 30% Of Buying Power Since 2000
https://seniorsleague.org/assets/Loss-of-Buying-Power-Report-Methodology-2020-1.pdf

The CPI-E is a little better than the CPI Government BLS (Bureau of Labor Statistics) blatantly low balled inflation numbers. However, all attempts to pass Legislation to make the CPI-E the law have failed, thanks to 👿 Republicans AND 🐍 DINO “Democrats”. Yet, even if we did get the CPI-E made into law, it is still a woefully inadequate Conumer Price Index for the Elderly. 🥺

If you think the above is hyperbole, I suggest you compare the BLS computed CPI meager numbers with the actual inflation rate as computed by the REALITY BASED Chapwood Index:


Even more in-our-faces is the annual loss of buying power experienced by we Social Security pensioners in our Income Tax Returns. While the government admits to some inflation, it refuses to adjust (i.e. index for published CPI inflation) the numbers in the income tax return for non-taxable Social Security Pension income. That is also an underhanded method   of reducing the buying power of our pensions (see graphic below):

2019 Taxable Social Security Pension Income IRS Worksheet
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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John Maynard Keynes warned us.
« Reply #906 on: November 15, 2021, 05:22:36 pm »
John Maynard Keynes understood perfectly the Corrupt "Federal" Reserve's GRAND LARCENY Modus Operandi (i.e. USE INFLATION TO ROB from the Low and Middle Class to further enrich the Upper Class GREEDBALLS). Plutarch understood perfectly how that 💣 ends 💥.
 

Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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Biden Signs Bipartisan Happy Talk Infrastructure Package
« Reply #907 on: November 16, 2021, 08:49:16 pm »
Make Nexus Hot News part of your morning: click here to subscribe.

November 16, 2021

Biden Signs Trillion Dollar Bipartisan Infrastructure Package

President Joe Biden signed the roughly $1 trillion bipartisan infrastructure bill into law on Monday, marking the biggest public infrastructure investment in over a decade.

The legislation provides

$110 billion for roads and bridges,
֍ nearly $50 billion to protect communities from the impacts of climate change,
$55 billion for water infrastructure including
$15 billion for replacing lead pipes,
$65 billion to improve the electrical grid,
$39 billion for public transit,
$25 billion for airports,
֍ $7.5 billion for EV charging stations, and
֍ $5 billion for hybrid and electric school buses. Nearly all school buses currently run on diesel, exposing children whose lungs are particularly susceptible to air pollution to exhaust fumes, likely the most polluted air they’ll breathe all day, and dumping more than 5 million tons of greenhouse gasses into the atmosphere every year.

The law also includes nearly $5 billion to begin to plug, cap, and clean up orphaned oil and gas wells that leak planet-heating methane and other pollutants.

The law aims to end the use of infrastructure projects like highways and bridges as instruments of racism, but some worry the law gives states unconcerned with equity considerations too much control. “A fundamental part of this program has always been to have the feds raise money, hand it over to the states and cross our fingers,” Beth Osborne, who was an acting assistant secretary in the Transportation Department during the Obama administration, told the New York Times. The law contains just a small fraction of the spending to cut American climate pollution included in the Build Back Better Act, which Democrats are hoping to pass before Thanksgiving. (Infrastructure law: AP, NPR, Reuters, Thomson Reuters Foundation, New York Times $, Wall Street Journal $; School buses: TIME; Orphaned Wells: High Country News, Grist, New Mexico Political Report, Bradford Era, Centre Daily Times; Environmental justice: New York Times $; Build Back Better: E&E News, The Hill)

  Agelbert NOTE: Only in the good old United States of Petroleum can a pollution contaminated site, irresponsibly abandonded without plugging and cleanup by profit over planet oil loving greedballs, be affectionately called an "Orphaned" Oil and Gas Well. Friends, if YOU made that kind of a mess in your yard, the authorities would have a hazmat team sent there quickly, followed by the police charging you with unlawful contamination. The wells spewing methane and other (even MORE toxic - i.e. Cancer causing) contaminants were 🦕 IRRESPONSIBLY 😈 ABANDONED, not "orphaned" by an "unfortunate" bit of Hydrocarbon Business "bad luck". It is absolutely breathtaking how the Hydrocarbon Hellspawn keep getting a free pass from the media for in-our-faces toxic pollution dumping on we-the-people.
"Orphaned " Oil and Gas Well❓❓❓

As to "ending the use of infrastructure projects like highways and bridges as instruments of racism" AFTER handing Federal Highways and Bridge Money over to the states and crossing Federal fingers epecting States do their part to end worker and contract infrastructure building racism...   

Now let us discuss the Money in the Legislation. There is a problem with trying to make sense of any of the above numbers, which to the average person seem like a lot of money. People tend to say, yeah, billions of dollars for a lot of needed projects is good, so it is all good. Not really. In order to begin to understand the numbers, you need to look at the amounts in proportion to each other. It will then be obvious what got the most "bipartisan" support AND what is mostly happy talk. But that is not the full story. When you learn the number of YEARS the given amounts are spread out over by LAW, then you realize how woefully inadequate this Legislation actually is.

This is piecemeal Legislation, the result of corruption by the forces of Predatory Delay. Incremental steps to solve our Climate Crisis, never mind the increasingly misery producing inequity AND Oligarchic destruction of democracy, will not be enough to avert Catastrophic Climate Change Disaster. May God have mercy on us all.


   

« Last Edit: November 16, 2021, 10:43:36 pm by AGelbert »
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