August 18,
2011
From The Federation of Connecticut Taxpayer Organizations
Contact Susan Kniep
Website: http://ctact.org/
Email: fctopresident@aol.com
Telephone: 860-841-8032
10:59AM: Global economic fears send stocks
spiraling. 'It's a war zone,' trader says. More
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With two of the four state employee unions that voted
against the $1.6 billion savings and concession package the first time
ratifying the second vote, it’s more than likely the announcement of the vote
tallies by labor leaders this afternoon will be a celebration. The State Employees
Bargaining Agent Coalition will gather at the CSEA union hall in Hartford at 12:30 p.m. to
announce the final tally. If the package is ratified it will save thousands of
jobs and spare state service cuts. It will also put to bed the two-year, $40.1
billion state budget that depended on the savings from the state labor
agreement to close the gap. Continued at
…… http://www.ctnewsjunkie.com/ctnj.php/archives/entry/union_vote_tallies_to_be_announced_this_afternoon/
SEBAC, The Vote, And What Happens
Next
Rival union ups pressure on AFSCME
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The union looking to unseat another in representing the
state prison guards has filed paperwork with the state Labor Department saying
it has enough support to force a run off vote. Journal
Inquirer Newspaper - Ed Jacovino - Aug 16, 2011
|
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Governor makes pitch for non- partisan special session on
jobs
Parent groups, alternative schools left off school finance
panel
State police crime lab
loses accreditation By Michael
Regan Aug 17, 2011 5:22pm The American Society of Crime Laboratory
Directors has refused to extend the accreditation of the state's forensic
laboratory following two critical federal audits, a top Malloy
Administration official said Wednesday. Michael Lawlor,
Undersecretary for Criminal Justice Policy and Planning at the Office of Policy
and Management, said the lack of accreditation will not affect current criminal
cases. http://www.ctmirror.org/node/13624
Looks Like Second Time Will Be The Charm by Christine Stuart and Hugh McQuaid | Aug
17, 2011 Neither Gov. Dannel P. Malloy nor the State
Employees Bargaining Agent Coalition would comment on the vote for the $1.6
billion concession package Wednesday. But their cheerful demeanors — coupled
with vote tallies from union sources — made it apparent that the second time
was the charm. …. In addition to layoff protection, the deal offered no wage
increases for two years, followed by three years of 3 percent increases; no
furlough days; shaved cost-of-living increases for pensions; it raised the
retirement age by three years for those retiring after 2022; and instituted a
new $35 co-pay on emergency room visits. One employee used the emergency room
150 times in one year, according to union officials. Continued at ….. http://www.ctnewsjunkie.com/ctnj.php/archives/entry/looks_like_second_time_will_be_the_charm/
"The Rise of the New Global
Elite," As the debate will soon
ensue in Washington, and the American public await the outcome of the Supercommittee who will decide our fate, the following is
an interesting read offered by the Atlantic which provides insight into
the "The Rise of the New Global Elite," ……. A multibillion-dollar bailout and Wall
Street’s swift, subsequent reinstatement of gargantuan bonuses have inspired a
narrative of parasitic bankers and other elites rigging the game for their own
benefit. And this, in turn, has led to wider—and not unreasonable—fears that we
are living in not merely a plutonomy, but a
plutocracy, in which the rich display outsize political influence, narrowly
self-interested motives, and a casual indifference to anyone outside their own
rarefied economic bubble. Read the complete, lengthy article, at http://www.theatlantic.com/magazine/archive/2011/01/the-rise-of-the-new-global-elite/8343/
Special interests hire powerful Washington firms to protect them
from budget cuts Lobbyists Take Aim at the Supercommittee charged with
finding ways to reduce future budget deficits by $1.5 trillion over 10
years. Lobbying revenue dipped to $1.65 billion in the first
half of 2011, down 8.5 percent from the first half of 2010, according to
the Center for Responsive Politics in Washington.
http://www.businessweek.com/magazine/lobbyists-take-aim-at-the--
supercommittee-08112011.html
60 Minutes Expose On How Corporations Avoid Taxes While
Citizens Pay Over $1 Trillion A Year Posted
by Alexander Higgins
- July 30, 2011 at 1:48 am - Alexander
Higgins Blog Our government is in knots
over ways to lower the federal budget deficit. Well, what if we told you we
found a pot of money – over $60 billion a year – that could be used to help
out? That bundle is tax money not coming in to the IRS from American
corporations. One major way they avoid paying the tax man is by parking their
profits overseas. Read the full transcript at CBS…
http://blog.alexanderhiggins.com/2011/07/30/60-minutes-expose-corporations-avoid-taxes-citizens-pay-1-trillion-year-45451
Standard & Poor's, Others
Lobby Government While Rating Its Credit Washington Post, By Dan Eggen, Standard & Poor’s Corp. has a
major influence in Washington through its
venerable bond-rating business, which helped rattle markets over the past week
by downgrading U.S. debt for the first time. But S&P also seeks to influence the U.S.
government in a more traditional way: financing aggressive lobbying efforts
aimed at limiting federal oversight and protecting its powerful role in
financial markets. Continued at ….. http://www.washingtonpost.com/politics/the-influence-industry-sandp-and-others-lobby-government-while-rating-its-credit/2011/08/09/gIQANbEs6I_story.html?wpisrc=nl_fedinsider
Stop Coddling the Super-Rich, By WARREN E. BUFFETT
Published: August 14, 2011
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&ref=opinion
Editorial: Buffett Undertaxed? Just Write A Check
http://www.investors.com/NewsAndAnalysis/Article/581561/201108151848/Mr-Buffetts-Tax-Hypocrisy.htm?src=HPLNews
N.J. Still Paying Lobbyist Pensions
The Record Aug 10, 2011 A series of articles in
The Record beginning in late 2009 revealed that 63 retirees from three outside
organizations — the New Jersey League of Municipalities, New Jersey School
Boards Association and New Jersey Association of Counties — were receiving a
combined $1.3 million in public retirement benefits annually. http://www.northjersey.com/news/127438113_N_J__still__paying__lobbyist__pensions.html
Read the Embarrassing Hacking
Allegations That News Corp Redacted
by Marian Wang | @mariancw
New documents published today cast doubt on News
Corporation's claims that top executives and editors at the now-defunct News of
the World were unaware of widespread phone hacking at the paper.
Document: Compare Goodman Letter Redactions by
News Corp and Law Firm
Hospice lobbyists battle over Medicare payment system
Connecticut Senator Suzio Announces…..
Here’s How You Can Help Me Bring Gas Prices Down
New Searchable Online Database Helps Consumers Report and
Avoid Unsafe Consumer Products
U.S. Chamber Of Commerce Battles Anti-Bribery Statute
More than three decades after the United
States Congress passed the Foreign Corrupt Practices Act
-- striking a major blow against international corruption by criminalizing
bribes to foreign officials -- the U.S. Chamber of Commerce is trying
to carve out some major exceptions in the law to prevent prosecutors from
enforcing it too aggressively.
State gets $6.7 million for exchange plans; first meeting
Aug. 29
By Arielle Levin Becker on August 15, 2011 The state has secured a $6.7 million federal grant to help
create a health insurance exchange, the marketplace
for purchasing coverage that must be operating by 2014 as part of federal
health reform. In addition, officials announced that the first meeting of the
quasi-public Connecticut Health Care Exchange
will be held at 10 a.m., Monday, Aug. 29, in room 1A of the Legislative Office
Building in Hartford. Read more http://www.ctmirror.org/node/13589
Medical homes idea gains
ground, but not consensus on definition
Report: No broad agreement on how they should operate
By Arielle Levin Becker The
number of Connecticut
physician practices officially considered "patient centered medical
homes" has grown dramatically in the past six months, mirroring a national
trend. But a new report says that while the idea is widely-lauded, there's no
broad agreement on what a medical home is and how it should operate.
http://www.ctmirror.org/story/13578/report-medical-homes-adoption-advancing-without-enough-evidence
Illinois denies 3 hospitals property
tax exemption By CARLA K. JOHNSON BusinessWeek …. last year's
Illinois Supreme Court ruling found a central Illinois hospital wasn't
doing enough free or discounted treatment of the poor to qualify for an
exemption, obligating it to pay $1.2 million in local property tax payments per
year. Continued at ….
http://www.businessweek.com/ap/financialnews/D9P5GMJ00.htm
Gulf Spill Report Points to Missed Signs
The Marshall Islands, where Transocean's
doomed Deepwater Horizon rig was registered, said in a report that the disaster
resulted from the crew's failure to react to multiple signs of brewing trouble,
but the report doesn't say who was ultimately responsible for the incident.
Health-Plan Buyers Get a Look Under
the Hood
Consumers shopping for health insurance will soon get a peek
at a new standard form that will lay out the details of each policy, from
deductibles to how much it might cost to have a baby.
Unions Set for Battle in Turf War
A California union is
expected to file charges with federal officials this week alleging that a major
health-care system is trying to tilt a workplace election—one of the biggest in
U.S.
history—to a rival union.
Long-Term Unemployment Wreaks
Mental Toll on Jobless
Read the Article at McClatchy