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SENIOR News:"Wagoner's pension secure as GM's workers could be hit." ... "As the [Democratic President] Obama administration tries to rein in sky-high executive compensation at firms that are getting billions in taxpayer funds, ousted General Motors Chief Executive Rick Wagoner is due to walk away with a pension and benefits that total $23 million." ... "Wagoner, whose company is on tap to get a nearly $30 billion bailout to help it restructure, is unaffected by the cap on compensation that's now levied on banks other financial firms and is expected to be extended to the automakers." ... "Wagoner's pension payments are being preserved even as those of rank-and-file GM [General Motors] workers are more at risk after President Barack Obama suggested that bankruptcy is a way to save the company." ... "According to GM's filings with the Securities and Exchange Commission, he [Wagoner] earned $14.4 million in total compensation in 2007 and $5.4 million in 2008, even though most of his income was tied to the company's performance, which was dismal." -By Greg Gordon with contributions by Kevin G. Hall -McClatchyDC.com "A GOP [Republican] budget with no hard numbers." ... ""House Republicans release a 19-page document [PDF] that contains no hard spending numbers or deficit projections. Per the AP, "One of the few hard bits of information is a promise to simplify the tax code and cut income tax rates to 10 percent for people making $100,000 or less down. They also promise to cut domestic spending below current levels but don't say whether they are exempting Social Security. It's impossible to determine the projected deficit based on their offering."" ... "Not surprisingly, the Democratic National Committee pounced on the GOP's [GOP's=Grand Old Party's=Republican's] budget -- or lack thereof. "After 27 days, the best House Republicans could come up with is a 19-page pamphlet that does not include a single real budget proposal or estimate," said DNC [Democratic National Committee] spokesman Hari Sevugan. "While there had been talk that House Republicans were overriding their Senate counterparts to offer a budget alternative, it's clear after this announcement that neither of them have anything to offer but criticism."" -By Mark Murray -AP -MSNBC "Alzheimer's study finds parental link: Patients' offspring have memory loss." ... "Children of parents with Alzheimer's disease can develop memory problems in their 50s or even younger - much earlier than previously thought - according to a large study released yesterday by researchers at Boston University School of Medicine." ... "The study subjects, who carried a gene strongly linked to Alzheimer's, performed worse in memory tests, on average, than other middle-aged people who had the same gene but did not have a parent diagnosed with Alzheimer's. The difference in memory between the two groups was equivalent to approximately 15 years of brain aging, researchers found." ... "The BU findings do not suggest that everyone with the gene, known as APOE-e4, will develop Alzheimer's, said Seshadri. The gene is believed to play a role in about 50 percent of Alzheimer's cases. The study also did not address whether the people showing early memory impairment were destined to develop Alzheimer's." ... "[T]he study has not yet gone through the traditional scientific vetting process, which includes other scientists reviewing the data before it is published in a journal." ... ""I wonder about genetic discrimination," said Dr. Rudy Tanzi, a neurology professor at Harvard Medical School who co-discovered three other genes that have been linked to early-onset Alzheimer's, a more rare form of the disease that typically strikes before 65." ... ""If it's out there that my parents have APOE-e4, there is a chance my employer might know and wonder, 'Should I promote this guy?' " Tanzi said." ... "The BU findings, he added, increase the urgency for stronger genetic nondiscrimination laws. Tanzi said that even though a federal law - The Genetic Information Nondiscrimination Act, enacted last year - protects against employment discrimination, he worries about subtle discrimination in the workplace." -By Kay Lazar -BostonGlobe "The Economists Who Missed the Housing Bubble Are Coming After Your Social Security." ... "Word has it that [Democratic] President Obama intends to appoint a task force the week after next which will be charged with "reforming" Social Security. According to inside gossip, the task force will be led entirely by economists who were not able to see the $8 trillion housing bubble, the collapse of which is giving the country its sharpest downturn since the Great Depression." ... "This effort is bizarre for several reasons. First, the economy is sinking rapidly. While President Obama's stimulus package is a good first step towards counteracting the decline, there is probably not a single economists in the country who believes that is adequate to the task. President Obama would be advised to focus his attention on getting the economy back in order instead of attacking the country's most important social program." ... "The second reason why this task force is strange is that Social Security doesn't need reforming. According to the Congressional Budget Office [PDF], it can pay all scheduled benefits for the next 40 years with no changes whatsoever." ... "The third reason that this effort is pernicious is that this talk of reform is occurring with the baby boomers just as the cusp of retirement. Due to the reckless policies of the Rubin-Greenspan-[ Republican]Bush clique, this cohort has just seen their housing equity wiped out with the collapse of the housing bubble. Tens of millions of baby boomers who might have felt reasonably secure three years ago are now approaching retirement with little or no equity in their homes." ... "Similarly, if they had been fortunate enough to accumulate any substantial amount of savings in a 401(k) account, they just saw much of this wealth vanish with the plunge in the stock market." -By Dean Baker -CEPR.net "Revisionists' blind view of New Deal." ... "[N]early eight decades after [Democratic President Franklin D. Roosevelt] FDR launched the New Deal, amid possibly the greatest economic emergency since the 1930s, it’s important to understand that the most sophisticated arguments seeking to demolish the New Deal are based on a misreading of the bulk of the historical evidence. University of California, Davis historian Eric Rauchway, the author of “The Great Depression & The New Deal: A Very Short Introduction,” dismantled Shlaes’ argument in a 2007 review in Slate. He showed how [right wing writer Amity] Shlaes had tried to diminish the nation’s economic growth during the 1930s using the narrow gauge of the Dow Jones Industrial Average as opposed to the gross domestic product." ... "Shlaes cited unemployment figures that excluded Americans who had New Deal-generated jobs, and she virtually ignored what Rauchway calls “the authoritative reference work Historical Statistics of the United States.” That reference book shows that during FDR’s first term, the real GDP grew by some 9 percent annually; and after the 1937-38 recession, the economy grew at an annual clip of 11 percent. By the fall of 1934, another New Deal historian, William E. Leuchtenburg, explains, “the ranks of the unemployed had been reduced by over 2 million and national income stood almost a quarter higher than in 1933.”" ... "The Shlaes-[ Kentucky Republican Senator Mitch] McConnell anti-New Deal critics tend to minimize the enduring contribution of laws such as the Wagner Act, which established workers’ rights to organize and bargain collectively, and the Social Security Act of 1935 that provided for unemployment as well as old-age insurance. They highlight, instead, the failure of the National Industrial Recovery Act to fuel economic growth, overlook the ways in which the New Deal alleviated people’s misery and rarely acknowledge that World War II lifted the economy and ultimately ended the Depression because the national government joined closely with the private sector to provide a massive stimulus in the form of federal wartime spending." ... "FDR’s New Deal had its share of failures, setbacks and problems. But to argue that it harmed the American people, “failed abysmally” (Shlaes’ words) to reduce unemployment, and retarded economic growth is to twist the historical evidence beyond all reasonable recognition. Such arguments are forms of revisionism that are misleading, polemical and riddled with distortions of the overwhelming facts at hand about the New Deal’s achievements as well as its real shortcomings. " -By Matthew Dallek -Politico.com "Gregg Voted to Kill Commerce Before He Agreed to Lead It." ... "[Democratic] President Obama’s new candidate to run the Commerce Department voted in favor of abolishing the agency as a member of the Budget Committee and on the Senate floor in 1995." ... "[New Hampshire Republican Senator] Sen. Judd Gregg , R-N.H. [Republican-New Hampshire], whose nomination was expected to be announced Tuesday, also worked in the Senate to trim the department’s budget as head of the Commerce-Justice-Science Appropriations Subcommittee." ... "The Senate version of the controversial measure envisioned spending cuts of more than $960 billion, almost half of it from Medicare and Medicaid. Democratic efforts to amend it were uniformly rebuked by a united GOP [GOP=Grand Old Party=Republican] majority on the Budget Committee." ... "Gregg also fought [Democratic] President Bill Clinton’s efforts to increase funding for the Commerce Department to administer the 2000 census. Indeed, Gregg’s commitment to basic functions of the department has been questioned at times." ... "“I guess if you can’t destroy it, go be in charge of it,” said a Senate Republican aide." -By Jonathan Allen -CQPolitics.com "Man freezes to death after city limits electricity." ... "A 93-year-old man froze to death inside his home [in Bay City, Michigan] just days after the municipal power company restricted his use of electricity because of unpaid bills, officials said." ... "Marvin E. Schur died "a slow, painful death," said Kanu Virani, [Michigan's] Oakland County's deputy chief medical examiner, who performed the autopsy." -AP via -MSNBC "Health-Care Reform Could Kill the GOP." ... "Can policy be both wise and aggressively partisan? Ask any Republican worth his salt and the answer will be an unequivocal yes. Ask a Democrat of the respectable Beltway variety and he will twist himself into a pretzel denying it." ... "For decades Republicans have made policy with a higher purpose in mind: to solidify the GOP [GOP=Grand Old Party= Republican] base or to damage the institutions and movements aligned with the other side. One of their fondest slogans is "Defund the Left," and under that banner they have attacked labor unions and trial lawyers and tried to sever the links between the lobbying industry and the Democratic Party. Consider as well their long-cherished dreams of privatizing Social Security, which would make Wall Street, instead of Washington, the protector of our beloved seniors. Or their larger effort to demonstrate, by means of egregious misrule, that government is incapable of delivering the most basic services." ... "That these were all disastrous policies made no difference: The goal was to use state power to achieve lasting victory for the ideas of the right." ... "On the other side of the political fence, strategic moves of this kind are fairly rare. Instead, for most of my lifetime, prominent Democratic leaders have been chucking liberalism itself for the sake of immediate tactical gain." ... "Former [Democratic] President Bill Clinton, who is widely regarded as a political mastermind, may have sounded like a traditional liberal at the beginning of his term in office. But what ultimately defined his presidency was his amazing pliability on matters of principle. His most memorable innovation was "triangulating" between his own party and the right, his most famous speech declared and end to "the era of big government," his most consequential policy move was to cement the consensus on deregulation and free trade, and many of his boldest stands were taken against his own party." ... "The results were not pretty, either for the Democrats or for the nation." ... "Still, conservatives have always dreaded the day that Democrats discover (or rediscover) that there is a happy political synergy between delivering liberal economic reforms and building the liberal movement. The classic statement of this fear is a famous memo that [Republican] Bill Kristol wrote in 1993, when he had just started out as a political strategist and the Clinton administration was preparing to propose some version of national health care." ... ""The plan should not be amended; it should be erased," Mr. Kristol advised the GOP. And not merely because Mr. Clinton's scheme was (in Mr. Kristol's view) bad policy, but because "it will revive the reputation of the party that spends and regulates, the Democrats, as the generous protector of middle-class interests."" -By Thomas Frank -HuffingtonPost.com "It's North vs. South in Big Three bailout fight." ... "Should taxpayers in Alabama be required to bail out [American] automakers whose plants are concentrated in Northern states like Michigan and Ohio?" ... "Alabama is home to three Honda [Japan automaker] and Hyundai [South Korea automaker] plants. And just across the state line in Georgia, a new Kia [Hyundai] plant is set to open and will likely employ many Alabamans." ... "[Alabama Republican Senator] Sen. Jeff Sessions, R- Ala. [Republican-Alabama], told reporters Wednesday, “I can not imagine a real justification for a worker in Alabama who does not have any health insurance at his company to be taxed to maintain a Cadillac health care plan for somebody in Detroit [Michigan].”" ... "The struggle over whether Congress should make the loan is a classic regional battle: North vs. South, unionized states like Michigan vs. mostly non-union ones like Alabama." ... "“There are some states that might think there’s a competitive advantage for them if the Big Three don’t make it,” [Michigan Democratic Senator] Sen. Carl Levin, D- Mich. [Democratic-Michigan], a Big Three ally, told reporters Tuesday." ... "[Kentucky Republican Senator] Sen. Jim Bunning, R- Ky. [Republican-Kentucky], who is up for re-election in 2010, said Wednesday, “It’s not a balancing act. It’s whether the federal government should intervene in the private-sector economy. And I believe it should not. I am very concerned that people as hard-headed as the three people who spoke to us yesterday would not have a plan in place and not have any concession to make, but they would just want the money so they can burn through it. That’s unacceptable.”" ... "And if Chrysler and General Motors go into bankruptcy or liquidation?" ... "“I think that’s probably the best thing that can happen,” [Kentucky Republican Senator] Bunning replied. “Then there will be a reorganization and they’ll be able to jettison things they couldn’t ordinarily jettison, like health care benefits, like pension benefits and there will be someone to pick those up like the Pension Benefit Guaranty Corp. And then they will be able to restructure their salaries to get more in line with foreign producers and they may come out of bankruptcy a heck of a lot better off than they go into it.”" (1, 2) -By Tom Curry -MSNBC "Franklin Delano Obama?" ... "Suddenly, everything old is New Deal again. [Republican President] Reagan is out; F.D.R. [Franklin Delano Roosevelt, Democratic President] is in. Still, how much guidance does the Roosevelt era really offer for today’s world?" ... "The answer is, a lot. But [Democratic President-Elec] Barack Obama should learn from F.D.R.’s failures as well as from his achievements: the truth is that the New Deal wasn’t as successful in the short run as it was in the long run. And the reason for F.D.R.’s limited short-run success, which almost undid his whole program, was the fact that his economic policies were too cautious." ... "About the New Deal’s long-run achievements: the institutions F.D.R. built have proved both durable and essential. Indeed, those institutions remain the bedrock of our nation’s economic stability. Imagine how much worse the financial crisis would be if the New Deal hadn’t insured most bank deposits. Imagine how insecure older Americans would feel right now if Republicans had managed to dismantle Social Security." ... "Can Mr. Obama achieve something comparable? Rahm Emanuel, Mr. Obama’s new chief of staff, has declared that “you don’t ever want a crisis to go to waste.” Progressives hope that the Obama administration, like the New Deal, will respond to the current economic and financial crisis by creating institutions, especially a universal health care system, that will change the shape of American society for generations to come." ... "But the new administration should try not to emulate a less successful aspect of the New Deal: its inadequate response to the Great Depression itself." ... "Now, there’s a whole intellectual industry, mainly operating out of right-wing think tanks, devoted to propagating the idea that F.D.R. actually made the Depression worse. So it’s important to know that most of what you hear along those lines is based on deliberate misrepresentation of the facts. The New Deal brought real relief to most Americans." -By Paul Krugman -NYTimes "Right-wing media feeds its post-election anger." ... "... [M]any on the losing end of last week's [2008] election want to hold on to their anger. And there are those in the media -- led by the likes of [radio talker Rush] Limbaugh and [Fox tv talker Sean] Hannity -- only too ready to feed that animus, along with their own ratings." ... "In a time when the nation calls out for cool leadership and rational discussion, Limbaugh stirs the caldron, a tendency he proved in a particularly grotesque way last week when he accused Obama's party of plotting a government takeover of 401(k) retirement plans." ... ""They're going to take your 401(k), put it in the Social Security trust fund, whatever the hell that is," Limbaugh woofed. "Trust fund, my rear end."" ... "A slight problem with Limbaugh's report: Obama and the Democrats have proposed no such thing." ... "To broadcast such a report -- so drained of context as to constitute a lie -- would be a shameless act at any time. But Limbaugh needlessly stirred the fears of the millions he holds in his thrall -- making the 401(k) thievery sound like nearly a done deal. Shameless." -By James Rainey -LAtimes "Dem Leaders Want Bush To Aid Auto Industry." ... "Democratic leaders in Congress asked the [Republican President] Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest level in a quarter-century." ... "House Speaker [and California Democratic Representative] Nancy Pelosi and Senate Majority Leader [and Nevada Democratic Senator] Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout to include car companies." ... ""A healthy automobile manufacturing sector is essential to the restoration of financial market stability, the overall health of our economy, and the livelihood of the automobile sector's work force," they wrote. "The economic downturn and the crisis in our financial markets further imperiled our domestic automobile industry and its work force."" ... "Automakers already want an additional $50 billion in loans from Congress to help them survive tough economic conditions and pay for health care obligations for retirees." ... "The money would be on top of the $25 billion in loans that Congress passed in September to help retool auto plants to build more fuel-efficient vehicles." -By Deb Riechmann -AP via -HuffingtonPost.com "If Social Security Was a Private Corporation Then it Would Sue Tom Brokaw for Every Penny He Has." ... "If a news reporter deliberately makes a false statement claiming that a private company like Boeing or Microsoft is going broke, the company has the right to sue the reporter and the news agency. That is why reporters rarely make statements like Microsoft or Boeing (or Lehman Brothers, AIG, or Goldman Sachs) are going broke." ... "However, reporters can freely impugn the financial health of a government program like Social Security because a government program cannot sue for libel. That is why Brokaw knew that he could imply that Social Security is going broke, even though it is not true. Social Security cannot sue Brokaw even if he deliberately tells explicit lies about its financial health." ... "Those who are interesting in learning about the true state of Social Security's financial health can find out by looking at the non-partisan Congressional Budget Office's website [PDF]." -By Dean Baker -Prospect.org "McCain Plans Federal Health Cuts: Medicare, Medicaid Spending Would Be Reduced to Offset Proposed Tax Credit." ... "[Republican Presidential Candidate] John McCain would pay for his health plan with major reductions to Medicare and Medicaid, a top aide said, in a move that independent analysts estimate could result in cuts of $1.3 trillion over 10 years to the government programs." ... "The Republican presidential nominee has said little about the proposed cuts, but they are needed to keep his health-care plan "budget neutral," as he has promised. The McCain campaign hasn't given a specific figure for the cuts, but didn't dispute the analysts' estimate." ... "In the months since Sen. McCain introduced his health plan, statements made by his campaign have implied that the new tax credits he is proposing to help Americans buy health insurance would be paid for with other tax increases." ... "But Douglas Holtz-Eakin, Sen. McCain's senior policy adviser, said Sunday that the campaign has always planned to fund the tax credits, in part, with savings from Medicare and Medicaid. Those government health-care programs serve seniors, poor families and the disabled." ... "In April, when [Arizona Senator] Sen. McCain gave a major speech about his health plan, Mr. Holtz-Eakin, the senior policy adviser, said the tax provisions alone were budget neutral -- meaning that health benefits would have to be subject to both income and payroll taxes." -By Laura Meckler -WSJ.com "Naomi Klein: Financial crisis part of Bush 'shock doctrine'." ... "The bailout of Wall Street’s largest players by the federal government is another example of the [Republican President] Bush administration pursuing a corporate agenda at the expense of average Americans, a prominent author argued on Friday." ... "In a Friday night interview on HBO's Real Time with Bill Maher, Naomi Klein said President Bush’s $700 billion proposal to rescue the financial sector stems from a profiteering streak that has dominated the last eight years." ... ""The disaster is far from over," Klein said. "The disaster was on Wall Street and they have moved the disaster to Main Street."" ... "Referring to the bailout, Klein said the "bomb has yet to detonate" and that the real crisis will strike when tax payers are overwhelmed when faced with the debt from the bailouts." ... "According to Klein, the bomb will detonate if Sen. John McCain becomes president and "rationalizes" that it is necessary to privatize government programs like social security and healthcare because neither the government nor Americans can afford them." ... ""The real disaster has yet to come; the real disaster is the debt that is going to explode on American tax payers," Klein said." ... "Klein’s book, "The Shock Doctrine: The Rise of Disaster Capitalism," outlines how crises, real or perceived, have been used by governments, especially the United States under George W. Bush, to strong-arm a disoriented citizenry into accepting changes to its rights, and its government, that it wouldn't otherwise accept." -By David Edwards and Andrew McLemore -RawStory.com "McCain Health-Care Article Fuels New Clash Over Economy." ... "An article [by McCain] about health care published in an obscure journal led to a new skirmish Saturday between the campaigns of [2008 Election Presidential Candidates] Democrat Barack Obama and Republican John McCain over who should be trusted with the ailing economy." ... "The article was published in Contingencies magazine, which is produced under the auspices of the American Academy of Actuaries. In it, McCain touted his plans for increasing competition in health care as one way to expand coverage and reduce costs." ... "McCain wrote, "Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."" ... "Obama, appearing at Bethune-Cookman University in Daytona Beach, Fla. [Florida], mocked his rival for sounding out of touch at a time when Washington is moving rapidly to re-regulate the financial industry to curb the excesses that put the system into near-paralysis in the past week." ... ""So let me get this straight -- he wants to run health care like they've been running Wall Street," Obama told the audience. "Well, Senator, I know some folks on Main Street who aren't going to think that's such a good idea."" ... "With millions of Americans worrying about their retirement security as federal officials rushed to stabilize the shaky financial system, Obama also seized on McCain's support for partial privatization of Social Security. He said McCain was prepared to gamble with people's life savings." ... ""If my opponent had his way, the millions of Floridians who rely on it would've had their Social Security tied up in the stock market this week," he said. "Millions would've watched as the market tumbled and their nest egg disappeared before their eyes. Millions of families would've been scrambling to figure out how to give their mothers and fathers, their grandmothers and grandfathers, the secure retirement that every American deserves."" (1, 2) -By Dan Balz -WashingtonPost |
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Cancer - http://www.MSNBC.com/news/NIGHTLYCANCER_front.asp Dieting/Nutirtion - http://www.MSNBC.com/news/DIETING_front.asp Elder care - http://www.MSNBC.com/news/ELDERCARE_front.asp Exercise - http://www.MSNBC.com/news/EXERCISE_front.asp HEARTHEALTH - http://www.msnbc.com/news/HEARTHEALTH_front.asp Longevity - http://www.MSNBC.com/news/HEALTHPKGS_front.asp Men's health - http://www.MSNBC.com/news/MENSHEALTH_front.asp Women's health - http://www.MSNBC.com/news/WOMENSHEALTH_front.asp
Census.gov http://www.ssa.gov/SSA_Home.html http://www.irs.ustreas.gov/
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