## Is Nevada ready for it’s close up? Take a look at Nevada Progressive today. Meanwhile, Senator Dean Heller (R-NV) and Governor Sandoval didn’t seem to want to get anywhere close to the state GOP convention:
“And around the country, Republican officials and the powerful interests that own them worry that their party’s ongoing drift to the Island of Whackadoodledoo could seriously damage their electoral, and hence financial, interests in 2012 and beyond.” [More From The Gleaner]
While you are at it, and speaking of expunging some of the Whackadoodledoo, take a gander at the NVRDC’s post on same-sex marriage equality. This is one of the better compilations of the current situation you’ll find recently. No hype, no emotionality, just good old fashioned relevant facts.
## As our Republican Representatives in Congress were voting to shave the national indebtedness by sticking it to working families who need the SNAP program to help with the groceries, the Sin City Siren reports of Nevada’s food insecurity problems,” Unless my eyes are failing me, it looks like the lowest percentage is 8.5%, sadly a real anomaly in our valley (in terms of how low it is), and a high hunger mark of 27.6% (holy crap!). And don’t think that it’s all bad in the valley’s core and cream puff dreams in the suburbs. There’s a 10 to nearly 15% rate in Summerlin zip codes and 11 to 15% range in Henderson. 89109, which is fairly close to center of the valley is 18.3%. The take-away: Hunger doesn’t care where you live.”
## Hey We’re Number ___! Oh, who cares? The U.S. is falling behind the rest of the globe in providing health care, and many important measures included in the Affordable Care Act aren’t scheduled to kick in until 2014.
China, after years of underfunding health care, is on track to complete a three-year, $124 billion initiative projected to cover more than 90 percent of the nation’s residents. Mexico, which a decade ago covered less than half its population, completed an eight-year drive for universal coverage that has dramatically expanded Mexicans’ access to life-saving treatments for diseases such as leukemia and breast cancer. In Thailand, where the gross domestic product per person is one-fifth that of the United States, just 1 percent of the population lacks health insurance. And in sub-Saharan Africa, Rwanda and Ghana — two of the world’s poorest nations — are working to create networks of insurance plans to cover their citizens. [WaPo] (emphasis added)
Unfortunately, “American Exceptionalism,” is rapidly coming to mean that everyone EXCEPT Americans can expect basic services from their governments. Speaking specifically to the ACA, FactCheck finds the Chamber of Commerce advertising on the ACA “misleading.” Surprised?
## How’s that Austerity Thingie working for you? Not all that well for German Chancellor Angela Merkel. “Yesterday was a bitter day, it was a bitter, painful defeat,” Merkel said after results showed the SPD won 39.1 percent against 26.3 percent for the CDU.” [Reuters] The voters seem annoyed. Additionally, an overly complex system perpetuates mistakes in the Eurozone? More from Reuters.
## ICYMI: The Congressional Budget Office has some very pertinent and cogent comments to make on the national debt, among them the following:
“There is no commonly agreed-upon amount of federal debt that is optimal. Higher debt has a number of negative consequences that CBO discusses regularly, but reducing debt or constraining its growth will require some combination of tax increases and spending reductions, and those policy changes can have negative consequences themselves.”
Negative consequences like cutting off the SNAP program and diminishing the automatic economic stabilizer effect maybe?
## JP Morgan Chase isn’t the only bank having “a problem.” There’s still some fall out from the GMAC (ALLY) venture into the mortgage market during the Bubble, “Ally’s mortgage unit, called Residential Capital, or ResCap, filed for bankruptcy protection in federal court in Manhattan under a plan that has the support of some of its creditors, although it was still expected to be a drawn-out and litigious process.” [Reuters]
In view of the mess over at JP Morgan Chase, perhaps this isn’t exactly what we want to be hearing from the CFTC?
The Commodity Futures Trading Commission (CFTC) today voted to propose an Order regarding the effective date for swap regulation. The Order is a six-month extension from certain provisions of the Commodity Exchange Act that otherwise would have taken effect on July 16, 2011, the general effective date of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act . Today’s order further narrows the scope of the Order because some rules, for example the further definition of swap dealer and major swap participant, have become effective.
Today, the Commission is extending the effective date for swap regulation until December 31, 2012, or until the Commission’s rules and regulations go into effect, whichever is sooner. The Order proposed today would allow the clearing of agricultural swaps; and remove any reference to the exempt commercial market; and exempt board of trade grandfather relief previously issued by the Commission. (emphasis added)
How long can the traders’ lobby keep dragging out the regulations?
## Some good news: “The Securities and Exchange Commission today suspended trading in the securities of 379 dormant companies before they could be hijacked by fraudsters and used to harm investors through reverse mergers or pump-and-dump schemes. The trading suspension marks the most companies ever suspended in a single day by the agency as it ramps up its crackdown against fraud involving microcap shell companies that are dormant and delinquent in their public disclosures.” [SEC]