Ameriacan economy and Globalization according to the Daily Show

 

            Our Economy is in need of repair. And it can only be fixed by us working together. Globalization isn’t necessarily the right answer. Sure, it saves money, but the money saved isn’t necessarily going to our country, in the end. It often goes into a company to make more of their product over-seas to make those in charge of said companies richer.

            According to a short skit on The Daily Show, in a comical yet rather true and accurate interview between a ‘character’ on the Daily Show, and the CEO of Wham-o toys, bringing jobs to America by ‘reverse globalization’ (in a sense), is a smart idea. ‘Costs for remaining in production in foreign countries have gone up, so why not move back to America, if we are going to spend more money anyway?’

            And in an interview With Fareed Zakaira, he states that, while globalization may improve businesses, which can improve the economy, it does nothing to help Americans. Americans are laid off because hiring a foreign worker is cheaper, and because this happens so often, it makes it harder to find actual jobs, which lowers the economy. And he even talks about how a similar thing is happening even with technology; people are loosing their jobs to a piece of technology, which again, does nothing to improve American’s well-being and therefore the economy. Zakaira also calls for the Government to stop looking at things to cut out, and instead looking to strengthen America, and invest in the future, and he does this by speaking of Gemany’s government.

            America needs jobs. America needs to improve the economy. Going to other countries for various reasons in a business may seem like a good idea as far as earning more money, but its not such a good idea for fixing America and making sure we are stable. Globalization only seems to make the richer, richer; and the poorer get no help. Whether that is in the country a business is doing business in (because the workers don’t always get fair wages) or in America, where the business an cooprporation people who have their company in other countries get paid more because of the money saved and extra money earned by being able to make more; leaving the average American unable to find a job, and therefore, unable to make a living.

Union for Woonsocket School Aid

There is a 10 million dollar deficit in Woonsocket, Rhode Island's educational budget. What was done in an attempt to fix this? Huge cuts in programs, and 500 teachers were fired. Not exactly the best way to 'fix' things, now is it? On Thursday, national and local union leaders gathered to demand more from Rhode Island's political leaders. Randi Weingarten, president of the American Federation of Teachers, begged the politicians, the General Assembly, and namely Governor Chafee; said in his request for more money for the schools, that he would do so "if you think the future of this state is important ... if you really care about kids." In the end, the unions won; and by result, so did the schools. the winnings? $40 million in aid.

http://news.providencejournal.com/breaking-news/2012/03/union-leaders-g.html

http://www.aft.org/newspubs/press/2012/032212.cfm

http://www.aft.org/index.cfm

A Bill to prohibit Insider Training

Getting financial insider information for personal financial gain (i.e. in the stock market, etc) is illegal in the United States...unless you're in Congress that is. Or at least that's the way it is now. Somehow, a loophole in the 'anti-insider-trading law' permits the gain or giving of the knowledge that would give an insider a "leg-up" in the competition...in this case, the "insider" would be a Congressman. The loophole? Current clauses in the laws pertaining to this subject matter exclude the giving or receiving "nonpublic information about current or upcoming congressional activity", this only works due to the fact that Congress members arent exactly obligated to keep such information confidential.

There is currently a bill that people are trying to get passed in an attempt to stop this. A peice to the idea behind this bill says that it would "require members of Congress and employees to report the purchase, sale or exchange of any stock, bond, or commodities future transaction in excess of $1,000 within 90 days."

One possible problem that this bill would face? The bill has to be passed by Congress before it can move on to be eventually (hopefully) passed. Congress...the very people who this bill is designed to stop from making additional money on the side.