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Under the Reading Lamp — 2/8/2012


The Great Carbon Bubble

image03Bill McKibben, Op-Ed: “It’s no secret where this denialism comes from: the fossil fuel industry pays for it. (Of the 16 authors of the Journal article, for instance, five had had ties to Exxon.) Writers from Ross Gelbspan to Naomi Oreskes have made this case with such overwhelming power that no one even really tries denying it any more. The open question is why the industry persists in denial in the face of an endless body of fact showing climate change is the greatest danger we’ve ever faced.”


Right-Wing Media Aren’t Concerned About Helping the Poor, but They Sure Want to Help the Rich

image07News Analysis: As income disparities continue to increase, and the effective tax rate paid by the rich remains at historic lows, right-wing media figures work hard to make sure none of that changes. They routinely attack the poor and programs designed to assist them, while simultaneously extolling the rich and defending them against any attempt to get them to pay their fair share of taxes.


BP Made $3 Million an Hour In 2011, While Spill Victims Continued to Suffer

image01Rebecca Leber, News Report: “BP’s 2010 Gulf of Mexico spill is still affecting the lives of many Americans, particularly the tens of thousands that have not settled lawsuits with the company. Yet the company has bounced back from the billions it lost in the wake of the spill. BP announced today that its 2011 profit totaled $26 billion, a 114 percent jump from the year before, when the company’s ‘failure of supervision and accountability’ caused the worst oil spill in U.S. history.”


The Downward Mobility of the American Middle Class, and Why Mitt Romney Doesn’t Know

image06Robert Reich, Op-Ed: January’s increase in hiring is good news, but it masks a bigger and more disturbing story – the continuing downward mobility of the American middle class. Mitt Romney says he’s not concerned about the very poor because they have safety nets to protect them. He says he’s concerned about the middle class. Romney doesn’t seem to realize how much of the middle class is becoming poor.


Report Finds Millions of Families Three Months From Poverty

image05Susannah Nesmith, News Report: According to America’s Youngest Outcasts, a report by the National Center on Family Homelessness, 1.6 million children in the United States were homeless at some point in 2010, the most recent statistics available. During the recession, from 2007 to 2010, child homelessness spiked 38 percent nationwide. According to the 2011 Council on Homelessness report, Florida’s public school districts identified over 49,000 Florida school-age children as homeless during the 2009-2010 school year.


Debt, Toll Roads, and Patents

image11Dean Baker, Op-Ed: It’s budget time, again. This means that the deficit hawks will be out in force warning us about the devastating debt burden that we are passing on to our children. So that this Halloween fright gang doesn’t needlessly cause any kids to lose sleep, here’s what parents can tell their children. First, it is important to tell your kids that the national debt is not in any way a measure of intergenerational transfers from the young to the old. Debt is also an asset to the people who own the bonds.


Meet the Obscure Federal Regulator Who’s Not Helping Homeowners

image04Cora Currier, News Analysis: Last week, ProPublica and NPR raised questions about a risky investment strategy at Freddie Mac that would pay off if homeowners stayed trapped in expensive mortgages. It’s just the latest example of how government-owned Freddie Mac and Fannie Mae have frustrated many by not putting homeowners first. Fannie and Freddie are required to help homeowners while earning profits so they can pay back the taxpayers who bailed them out.


The Citizens United Catastrophe

image02E.J. Dionne Jr., Op-Ed: We have seen the world created by the Supreme Court’s Citizens United decision, and it doesn’t work. Oh, yes, it works nicely for the wealthiest and most powerful people in the country, especially if they want to shroud their efforts to influence politics behind shell corporations. It just doesn’t happen to work if you think we are a democracy and not a plutocracy.


Offshore Everywhere

image08Tom Engelhardt, Op-Ed: “Think of the raid that killed Osama bin Laden as a harbinger of and model for what’s to come. It was an operation enveloped in a cloak of secrecy. There was no consultation with the “ally” on whose territory the raid was to occur. It involved combat by an elite special operations unit backed by drones and other high-tech weaponry and supported by the CIA. A national boundary was crossed without either permission or any declaration of hostilities.”


Save the Babies

image09Jim Hightower, Op-Ed: “After 20 years of delay forced by lobbyists for utilities, the Environmental Protection Agency finally came out in December with regulations to control the mercury emissions from power plants. Hallelujah — save the babies! But wait, the lovers of the unborn aren’t celebrating this move to stop industry from doing gratuitous damage to children’s IQs. Far from it. GOP lawmakers are now howling to overturn the EPA’s mercury regulations.”


The Battle for Vermont’s Health

image10Wendell Potter, News Analysis: “Health insurers were not able to stop the state’s drive last year toward a single-payer health care system, which insurers have spent millions to scare Americans into believing would be the worst thing ever. Despite the ceaseless spin, Vermont lawmakers last May demonstrated they could not be bought nor intimidated when they became the first in the nation to pass a bill that will probably establish a single-payer beachhead in the U.S.”


California’s Gay Marriage Ban Ruled Unconstitutional – Again

image12Mike Ludwig, Truthout: “A federal appeals court on Tuesday upheld a federal judge’s ruling that California’s Proposition 8 ban on gay marriage is unconstitutional, setting the stage for a potential Supreme Court showdown that could set a national precedent on same-sex marriage.”

Opponents of Proposition 8, a voter-approved ban on same-sex marriage, react after news of the ban being knocked down in court, outside the Ninth US Circuit Court of Appeals in San Francisco, February 7, 2012. (Photo: Jim Wilson / The New York Times)