The effects of the sub-prime lending disaster are
being felt as the stock market has been rocked in
recent weeks and many families find themselves locked out of the
mortgage market. As we
in the past, the subprime mortgage market was largely aimed at
economically-strapped families trying to find some way to afford
homes. For low-income renters who never had the money to
even be in the game, rising rents have increasingly priced them
out of their homes.
A new ballot measure in California
change the way that California's 55 presidential electoral votes would be
allocated; not to make sure that every vote counted, but to make sure that any
right-wing candidate for President could lop off a significant number of that
state's electoral votes.
While the Bush Administration has reduced taxes on the wealthiest Americans
and undermined social welfare programs over the past 6 years, 5 million
more Americans have fallen into poverty, bringing the total to 37
million. That means at least one in eight Americans are now living in
Nations report this week, backed by scientists around the
world, confirms that not only is global warming real, but its effects are
already here and getting worse. And the hard fact is, the United States
far more energy than any other country, more than China and Russia
Yesterday, the Maryland Senate
legislation that would grant Maryland's 10 Electoral College votes to the
Presidential candidate receiving the most votes nationally, rather than to the
winner of the state-- a system that would go into effect if enough other
states approve similar legislation to guarantee the Presidency to the
candidate winning the popular vote nationally.
At the beginning of February, we reported
on an expose of special loopholes used by Wal-Mart to slash its state
taxes by hundreds of millions of dollars per year. The scam involves
Wal-Mart and other companies dividing themselves into separate
subsidiaries, buying land and buildings, then deducting the rent paid
to itself as a business expense. But states are moving to eliminate
the loophole and reclaim the lost revenue:
Nearly 650,000 people are released
from state and federal prison every year, with larger numbers
reentering communities from local jails. Over 50 percent of those
released from incarceration are sent back to prison for a parole
violation or new crime within 3 years.
Connecticut, Delaware, Illinois, Maryland, Massachusetts, Michigan, New York, New Jersey and Pennsylvania sued the Bush Administration
this week claiming they failed to adequately regulate emissions of
mercury and other pollutants at older cement plant kilns. Last
December, the EPA announced
new limits on mercury and hydrocarbon emissions from cement kilns built
after December 2, 2005, but left weak rules in place for kilns from
before that date. The states argue that the Clean Air Act requires the
EPA to limit mercury from all kilns, not just new ones.
When you hear the term "smart growth" what comes to mind?
Anti-sprawl? Open-space preservation? Often overlooked in discussions of smart growth policies is the need
for affordable housing as a key component of growth planning.