Daily Archives: December 17, 2011

Myth That Keystone XL Creates Jobs

The Nation Of Change has the story Myth That Keystone XL Creates Jobs Perpetuated by Oil Lobby, Parroted by Congress’s Oil Recipients.

An oil contractor hired by the State Department reported it would create between 5,000 and 6,000 temporary jobs, while an independent study by Cornell University found it would create only 500 to 1,400 temporary jobs. Once the costs of the increased pollution and risk of oil spills is factored in, Cornell found, the jobs impact is likely to be negative.
Pipeline supporters Rep. Michael McCaul (R-TX), Sen. Thad Cochran (R-MS), Judy Biggert (R-IL), and Carolyn McCarthy (D-NY) even own TransCanada stock.

I am shocked to find out that Republican leaders in Congress who stand to directly benefit from the pipeline are lying to me. Shocked, I tell you!

We should require members of Congress to reveal their financial interests in all legislation they are either proposing, blocking, or voting on.  Misleading the public on their self-interest should be punishable by jail time.

Obama: No options off table on Iran

The article Obama: No options off table on Iran shows the view from Iran.

US President Barack Obama has once again said that Washington would take “no options off the table” in its effort to stop Iran’s nuclear program while reiterating US commitment to Israel’s security.
The IAEA has conducted numerous inspections of Iran’s nuclear facilities but has never pointed to any evidence indicating that Tehran’s civilian nuclear program has been diverted to nuclear weapons production.

There is one option that President Obama seems to have taken off the table.  That is telling the truth about the nonexistence of evidence against Iran.

There also doesn’t seem to be any skid marks as evidence of Obama even dragging his feet in his being pulled ever rightward in all his actions.

Thanks to Hassan Moradi in my Google+ political circle for pointing me to this article.

Small wonder: A new model of microfinance

The Economist published the article Small wonder: A new model of microfinance for the very poor is spreading.

CARE International, a charity, began a novel scheme in Niger in 1991 to help the poor save—a basic form of banking called a village savings and loans association. This is based on savings rather than debt and managed by members of the community rather than professionals.

Maybe capitalism on a small scale is the way to avoid the problems of large scale capitalism.  Some would call it socialism, but we aren’t allowed to use The ‘S’ Word.