The Texas governor doesn't agree that his corporate-handout
fund needs an audit—because he and two other GOP pols already monitor
it.
Dana Liebelson | Mother Jones
20 March 2013
snip
Perry maintains that the fund gives Texas a competitive edge and has brought more than 56,000 new jobs to the state and generated more than $14.7 billion in capital investment. But the watchdog group Texans for Public Justice found that by the end of 2010, companies getting cash from the fund were only creating about 37 percent of the number of jobs promised. The administration has lowered standards in the past so that companies could create fewer jobs than they had promised, and it has canceled contracts after criticism over companies such as Bank of America's Countrywide, which continued to be an Enterprise grantee as it collapsed and laid off thousands of workers nationwide.
snip
"Perry's
office is basically accommodating a process by which taxpayer money is
transferred to corporations, not invested in state infrastructure," says
Matt Angle, the director of the Lone Star Project, a political action
committee devoted to strategic communications and research for
Democrats. He would like to see Enterprise funds start going to
education, family planning, and roads. (In 2011, Perry cut $5.4 billion
in state funding from public schools, and he is turning down $100
billion to expand Medicaid while also shuttering 53 family planning
clinics.)"
READ IT ALL:
Wednesday, March 20, 2013
The Spectacular Rise and Fall of Jamie Dimon
More than just a tawdry tale, Dimon’s demise is a critique of the American Dream.
Lynn Stuart Parramore | Alternet
March 19, 2013
They called him a hero. The most esteemed banker of his time. The captain who could steer the ship while others foundered. The handsome, charismatic CEO of JP Morgan Chase, he of the silver hair and golden tongue, beloved by presidents and praised by pundits.
Now the truth is out, and Wall Street’s golden boy, Jamie Dimon, has fallen to earth with a thud.
Why did it take so long? Why did the American media treat him with kid gloves? In a populist moment, how did he manage to escape the scorn heaped on his colleagues?
To understand this, you have to follow the yellow brick rode all the way back to the beginning, back to when the gold-plated American Dream was forged in the smithy of the Puritan soul.
READ IT ALL: http://www.alternet.org/economy/spectacular-rise-and-fall-jamie-dimon-wall-streets-golden-boy
Lynn Stuart Parramore | Alternet
March 19, 2013
They called him a hero. The most esteemed banker of his time. The captain who could steer the ship while others foundered. The handsome, charismatic CEO of JP Morgan Chase, he of the silver hair and golden tongue, beloved by presidents and praised by pundits.
Now the truth is out, and Wall Street’s golden boy, Jamie Dimon, has fallen to earth with a thud.
Why did it take so long? Why did the American media treat him with kid gloves? In a populist moment, how did he manage to escape the scorn heaped on his colleagues?
To understand this, you have to follow the yellow brick rode all the way back to the beginning, back to when the gold-plated American Dream was forged in the smithy of the Puritan soul.
READ IT ALL: http://www.alternet.org/economy/spectacular-rise-and-fall-jamie-dimon-wall-streets-golden-boy
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