Michigan Chronicle

Local

Some City of Detroit Offices Closed on May 20 for Budget-Required Furlough

Community 05-17-2013 Hits:397  - avatar

Some City of Detroit Offices Closed on May 20 for Budget-Required Furlough

  Some City of Detroit offices will be closed on Monday, May 20 for budget-required furlough (BRF): ·        Board of Ethics ·        City Council ·        Communications & Creative Services Division & Total Copy Center ·        Detroit Building Authority ·        Greater Detroit Resource Recovery Authority (GDRRA) ·        Human Resources (with the exception of Payroll Division) ·        Human Rights ·        Mayor’s Office ·        Purchasing Division (Finance Department) ·        Recreation (Administration, Recreation Centers & Community Affairs) However, these departments will be open on May 20: ·        Buildings, Safety Engineering and Environmental Department (BSEED) ·        Department of Public Works ·        Finance Department (Income Tax, Assessments, Property Tax & Treasury) ·        Planning & Development Department

Read more

LAST MOTOR CITY MAKEOVER CLEANUP IS IN THE CENTRAL AND SOUTHWEST AREAS ON S…

Community 05-17-2013 Hits:87 Michigan Chronicle Staff - avatar Michigan Chronicle Staff

LAST MOTOR CITY MAKEOVER CLEANUP IS IN THE CENTRAL AND SOUTHWEST AREAS ON SATURDAY, MAY 18

  Volunteers are invited to join hundreds of others cleaning and beautifying neighborhoods throughout the central and southwest sides of Detroit on Saturday, May 18, as Motor City Makeover moves into its last weekend. Motor City Makeover is a bagged litter campaign that encourages volunteers to participate in a citywide cleanup by sector. The campaign is part of a larger City initiative called Keep Detroit Beautiful, which focuses on cleaning, beautification, recycling, adopting parks and vacant lots, and gardening. Below are some of the many sites being cleaned on Saturday, May 18. Henry Ford Hospital Contact: Meagan Pitts-Dunn (313) 475-3993 Chauncey Samuel, Recreation Community Affairs Manager, (313) 207-8416 Location: Martin Luther King Jr. Park at W. Grand Boulevard & Rosa Parks Time: 11 a.m. – 1 p.m. Volunteers: 50+ Northend Neighbors Contact person: Phillis Judkins (313)815-1440 Location: Northeast Corner of Kenilworth & Brush/West corner of Josephine and Owens Streets Time: 9 a.m. – Noon Volunteers - 100 Focus:HOPE Contact Person: Mary Simpson (313) 492-4292 Location: 2146 Oakman Blvd., 3406 Ewald Circle at Fullerton St. Volunteers: 50 Time: 10 a.m. – 1 p.m. Mariners Inn Contact Person: Kyle Hocker (313) 215-6961 Location: Cass Park (located between Temple, Ledyard, 2nd & 3rd streets) Time: 10 a.m. – 1 p.m. Volunteers: 200 Mc Graw Resource Center 6900 Wagner (Vacant Lot) Contact: Raquel de Whitt (248) 842-0302 Volunteers: 30 - 50 Time: 9 a.m. – 1 p.m. Patton Recreation Center Contact: Ninfa Cancel, Recreation Community Affairs Manager, (313) 283-8252 Karla Williamson, Patton Center Supervisor, (313) 600-3555 Location: 2301 Woodmere off Vernor Hwy. (Park cleanup, graffiti removal & painting bleachers) Time: 9 a.m. – 2 p.m. Volunteers: 80-120 This Saturday is the last Motor City Makeover cleanup. There is still time for residents, business owners, houses of worship, block clubs, and schools to: · Call (313) 224-3450 to register to join the cleanup effort or register online at www.MotorCityMakeover.org. · Clean the area around their home, business, house of worship, or school on the Saturday designated for their sector. · Organize their neighborhoods or their...

Read more

City of Detroit is insolvent

Community 05-17-2013 Hits:109  - avatar

City of Detroit is insolvent

by Chris Isidore The Detroit city government is weeks away from running out of the cash it needs to operate, according to an initial report from the emergency manager overseeing its finances. The report from Kevyn Orr, the bankruptcy attorney appointed by the state in March, lays out a bleak financial position for the city. "The city has effectively exhausted its ability to borrow," he writes in the report, adding that the city "is clearly insolvent." To avoid running out of cash before the end of its fiscal year on June 30, it must "defer payments on its current obligations," including more than $100 million in pension payments that are due. "No one should underestimate the severity of the financial crisis," Orr said in a statement. "The path Detroit has followed for more than 40 years is unsustainable and only a complete restructuring of the city's finances and operations will allow Detroit to regain its footing." He said this report was a baseline from which to develop that restructuring plan. It does not use the term "bankruptcy," but Orr hasn't ruled that out. Detroit is struggling under at least $15 billion in debt, due to years of borrowing to pay its bills as tax revenues plummeted. The population of the city has fallen by nearly 30 percent since 2012, and there are currently over 100,000 vacant lots and buildings. Together, this has meant a drastic drop in revenue from both income and property taxes. Detroit is struggling to come up with annual debt payments of about $246 million, which eat up almost 20 percent of the its general fund budget. Orr says the city needs relief from the money it owes, suggesting that investors holding its debt could end up taking haircuts. But investors won't be the only ones hit by Orr's efforts to restructure the city's finances. He...

Read more

New Wall Street threat to homeownership

Community 05-17-2013 Hits:243 Stella J. Adams, NNPA - avatar Stella J. Adams, NNPA

New Wall Street threat to homeownership

  by Stella J. Adams (NNPA)—Private-equity firms, hedge funds and other Wall Street investors are seeking to develop a Real Estate Owned (REO)– to- Rent Securitization Market with the blessing of the FED and FHFA. A year ago, the Federal Reserve Board issued a policy statement on rental of REO owned by the banks they supervise and allowed the banks to rent REO properties without requiring them to demonstrate continuous efforts to market the properties. Last fall, FHFA initiated a "pilot" REO bulk sale program in urban markets across the nation. This munificence by the federal regulators will change the course of America's future and signals the abandonment of homeownership as a pathway to prosperity. Single-family rental properties have attracted more than $10 billion from equity firms, hedge funds, REITs and institutional investors. According to Goldman Sachs Group Inc., this market may attract a total of $2.8 trillion in capital investments in the not so distant future. The government's encouragement of this new housing market is fraught with potential societal and economic risks to the long-term health of our neighborhoods and our nation. As a fair housing professional, I am concerned that this allows the Wall Street predators to once again prey upon urban and inner-ring suburban communities across the country. These new investors in the rental housing market may not be aware that they are covered under Section 805 of the Federal Fair Housing Act and its implementing regulations. As a homeowner, I am concerned that there may be homes on my block or in my community that are owned by Wall Street firms that have shown no accountability for maintaining the properties they have acquired. A judge recently denied Deutsche Bank AG's bid to dismiss a lawsuit by the city of Los Angeles, accusing it of letting hundreds of foreclosed properties fall into...

Read more

Powerball jackpot 3rd largest in U.S. history

Top News 05-17-2013 Hits:277 CNN - avatar CNN

Powerball jackpot 3rd largest in U.S. history

The odds of winning the Powerball jackpot are 1 in 175 million. STORY HIGHLIGHTS No one matched winning numbers in Wednesday night's Powerball drawing The jackpot for Saturday's drawing will be at least $550 million Largest jackpot in U.S. history was $656 million in Mega Millions game in 2012 (CNN) -- The Powerball jackpot for Saturday's drawing will be at least $550 million, the third largest lottery jackpot in U.S. history, after no one matched the winning numbers in Wednesday night's draw. Wednesday's jackpot in the multistate lottery was $360 million. The numbers were 2, 11, 26, 34 and 41 with a Powerball of 32. Saturday's jackpot will be the second largest in the history of the Powerball game, behind a $587.6 million jackpot that was split by winners in Arizona and Missouri in November. The largest lottery jackpot in U.S. history was $656 million in the Mega Millions game in March 2012. That was split by three tickets sold in Illinois, Kansas and Maryland. The Powerball game is played in 43 states, the District of Columbia and the U.S. Virgin Islands. A single ticket costs $2, and the odds of winning the jackpot are 1 in 175 million. And if that's a little too pricey for you, a Mega Millions ticket will cost you only $1. The jackpot for Friday's Mega Millions drawing will be at least $190 million, and the odds are the same, 1 in 175 million. Mega Millions is played in 42 states, the District of Columbia and the U.S. Virgin Islands. Jackpots in both games are based on payouts as annuities over 30 years. Players can choose a cash payout that will be less.

Read more

U.S. options to 'capture or kill' Benghazi suspects [Video]

Top News 05-17-2013 Hits:103 By Barbara Starr - avatar By Barbara Starr

U.S. options to 'capture or kill' Benghazi suspects [Video]

      The U.S. military has updated plans to "capture or kill" alleged perpetrators of the deadly terror attack on the American diplomatic compound in Benghazi, Libya, CNN has learned.   The development comes amid growing pressure on the White House to show progress in the effort to catch those who killed Ambassador Christopher Stevens and three other Americans last September 11. Officials emphasize that military planning has been underway since the immediate aftermath of the armed assault. One part of the plan calls for potentially putting U.S. military personnel on the ground inside Libya, if ordered by President Barack Obama. Two U.S. officials confirmed the details to CNN, but declined to be named because of the sensitive nature of the information. The plan was updated and discussed at the highest levels of the military as recently as last week. The military has a list of several targets including some inside Benghazi and others in outlying areas. There are specific individuals named who are believed associated with the Benghazi attack as well other militants the United States wants to get. There are also militant camps or stronghold areas on the list that could be attacked. The plan has series of "capture or kill" options that Obama would have to approve. It's not known how much of this he may have been briefed about. One military official said the military is well aware that if it is ordered into action now by the White House, it could be viewed as a political move in light of the ongoing controversy over Benghazi. But he noted that initial planning began shortly after the attack last year. Special operations forces have stayed in the North Africa region since the attack in varying numbers to collect intelligence and be ready to launch attacks if ordered. CNN has been asked to not say where those forces are located. Officials are...

Read more
A+ A A-

Why do conservatives vote against their own interests?

robertweinerMichigan Congressman John Conyers, Dean of the Congressional Black Caucus, raised a compelling question in a conversation the other day: “Why do conservatives vote against their own interests?” If we can answer this, we might reach the common ground to solve the country’s economic, debt, and growing income disparity issues.  

 

            Let’s get this much out of the way: conservatives do vote against their own interests. Pundits on the right may try to undermine Conyers’ question as being couched in terms that favor the Democratic Congressman’s side of the aisle, but deflecting the question means explaining away historical facts. Under Democratic presidents since 1930, who pursued agendas emphasizing people programs while pressing tax breaks for middle and lower incomes and resisting tax breaks for the wealthy, the average GDP increased by 5.4%, compared to a 1.6% average GDP increase during the presidencies of their Republican counterparts.  The Republicans moved to cut taxes on the wealthiest Americans and gained support by calling them “job creators.”

 

            This data from the Commerce Department and OMB proves that business and the economy boom under Democratic presidents, but bust under Republicans.  The data counters the Republicans’ claims that the rich tax cuts ever really “trickle down” or are good for business or anyone but the very rich.  By the numbers, votes for tax-cutting Republicans since 1930 actually have been votes against businesses’ financial security. “Trickle Down” has not worked since Herbert Hoover tried it and failed.

 

            So the question stands: why do conservatives vote against themselves?  Inaccurately perceived self interest seems to be the reason.  People want to get money from greater tax cuts if they are already wealthy (and if they are not, they believe the Republicans’ illusion that they will become rich quicker or make a company do more business by the policy). The accurate legacy of the Republicans tax-cutting agenda is smaller paychecks for the average American.  The numbers are irrefutable.

 

            The conservatives’ campaigns, when candidates can take time away from attacking each other, boil down to little more than incessant repetition of vague promises to resurrect the American Dream with pure rhetoric, beating voters over the head with tax-cutting.

 

            Recent studies from both at home and abroad detail a disturbing trend: it is now harder to transcend class in the U.S. than in our Western European counterparts like England, Denmark, and Sweden. We no longer lead in our own American dream of upward mobility.  We’ve done it to ourselves. There is an ever-growing “mobility gap” in the U.S. keeping poor people from being able to rise while keeping the wealthiest of Americans more financially secure. For the first time in generations, it is actually easier for people at the lowest income levels in those countries, which conservatives keep attacking in the debates as “socialist”, to rise than it is for Americans.

 

            While both sides of any debate assume they are working with all the facts, conservatives are more likely to point fingers at President Obama than to address the fact that their tax-cutting programs amount to corporate welfare.  As Bill Clinton says in his new book, Back to Work, the outcome of three decades of conservative fiscal policies focused on cutting taxes and deregulating industry has left voters facing high unemployment while executives collect six and seven figure bonuses.  The top 1% in America increased their income 18-fold over the last 30 years while the rest of the country has stayed stagnant.  The U.S. Government Accounting Office reported that tax policy favoring the rich has helped cause the income disparity and the highest poverty numbers since the Great Depression. 

 

            The Koch brothers have been exposed as major funders of the “grassroots” Tea Party movement – and the money has meant advertising, a big influence in how voters vote.  When conservatives cut taxes on corporate bosses and defund social programs, the very-very rich get richer and everybody else – including the overwhelming majority of conservatives-- get poorer, yet conservative politicians somehow gain from that.

 

            Conservatives campaign on promises of restoring the American Dream, but they ignore the facts concerning whom their policies actually benefit. In the end, their policies diminish overall economic mobility. When conservatives talk about “focusing on the family”, what they really mean is they want you to worry about your family to deflect the economic issues that they are not solving and in fact are making worse. If you are preoccupied with your empty wallet, you are less likely to notice their sponsors’ bulging pockets. The liberty conservatives espouse should actually cause them to support more equitable taxing. 

 

            So to answer Conyers’ question, conservatives must be voting to make the top 1% rich because under their policies, no one else ever gets there.

 

Robert Weiner is a former spokesman for the Clinton White House and U.S. House Government Operations Committee under Chairman John Conyers, political assistant for Sen. Ted Kennedy, and Chief of Staff of the House Committee on Aging under Cong. Claude Pepper. Weiner recently keynoted a national conference on faith and governance at Wayne State University Law School inspired by Bankole Thompson’s new book, “Obama and Christian Loyalty.” Jaime Ravenet, a graduate of University of Maryland in philosophy, is Senior Economic Policy Analyst at Robert Weiner Associates.

Digital Daily Signup

Sign up now for the Michigan Chronicle Digital Daily newsletter!

Trending Topics

Free Digital Edition

Powered by Real Times Media  © 2009 - 2015 • All rights reserved • Website Developed by ETECH Design Studio

Register

User Registration
or Cancel