Raimondo: States need ‘broader view’ of renewable power


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

wind powerThe Governors’ Wind Energy Coalition announced that it “will pair its advocacy work for wind with work for solar energy as well” and has changed its name to the Governors’ Wind and Solar Energy Coalition (GWSC).

Rhode Island Governor Gina Raimondo, who serves as Vice Chair of the Coalition, said, “I support the foresight of my colleagues to broaden the Coalition’s focus and include solar energy development as a policy priority. Wind and solar provide complementary benefits to the U.S. electric grid and will help diversify the country’s energy mix. The need for states to take a broader view of renewable power is clear.”

Raimondo’s support of wind and solar seems at odds with her support for Invenergy‘s proposed Clear River Energy Center, a fossil fuel power plant slated to be built in Burrillville. John Niland, vice president of business development at Invenergy said in an interview with Ted Nesi that his company is “very keen on renewable energy” but not, apparently for Rhode Island. Is this new embrace of solar and wind power a sign that Raimondo is shifting her position on methane gas?

According to an American Wind Energy Association (AWEA) press release:

“This bipartisan governors’ coalition has been highly effective at getting policy results and have helped grow wind energy for nearly a decade,” said Tom Kiernan, CEO of the AWEA. “The governors’ decision to combine forces with solar energy reflects the economic and environmental value of diversifying our nation’s grid with clean, reliable renewable energy.”

Technological innovations and performance-based policy continue to help lower wind and solar energy’s costs, making both homegrown technologies more affordable than ever. Wind and solar power are important job creators, putting Americans to work in all 50 states.

Wind and solar energy added 61 percent of all new generation capacity in 2015 through November according to SNL Energy. As states make plans to comply with the Environmental Protection Agency’s (EPA) Clean Power Plan, the nation’s first-ever rule to reduce carbon emissions from existing power plants, zero-emission wind and solar power are expected to continue supplying large amounts new electricity in the years ahead, resulting in numerous consumer and environmental benefits.

American wind power now supplies enough electricity for 19 million American homes after surpassing the 70 gigawatt (GW) mark of installed wind capacity late last year. Wind energy could double to supply 10 percent of the U.S. electricity mix by 2020, and double again to supply 20 percent of U.S. electricity by 2030. It can become one of the largest sources of electricity in the U.S. by supplying 35 percent by 2050. According to the Department of Energy’s Wind Vision report, by meeting the 2030 scenario American wind power could support 380,000 well-paying jobs, a number that could grow to 600,000 by 2050.

Emerging opportunities to invest in the rapid growth of the U.S. wind energy industry will be on full display at this year’s WINDPOWER 2016 in New Orleans from May 23 – May 26. The event is the Western Hemisphere’s largest annual wind power trade show.

Patreon

ACLU commends House on passage of Good Samaritan Legislation


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

acluThe ACLU of Rhode Island issued the following statement on the passage of Good Samaritan Legislation by the Rhode Island House:

“We thank the House for moving to reinstate the Good Samaritan law. Today’s approval of this life-saving legislation puts the state on track to address drug use and addiction through treatment rather than criminal punishment.

“It is now critical that the House and Senate each promptly approve the opposite chamber’s identical version of this bill so it can be sent to the Governor and signed into law as soon as possible.

“The reinstated Good Samaritan law will save lives and reassure Rhode Islanders that their state values saving a life over making an arrest. We look forward to its speedy passage, and hope to work with lawmakers to expand its protections later this session.”

[From a press release]

Follow the money on Raimondo pension scheme: the local sponsors


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Remember back when all the important people were lining up in droves to support then-Treasurer Raimondo’s pension policies under the false advertising of a crisis? Wouldn’t it be great if we could go back in time to look at who played along, willingly or unwillingly, in what is turning out to have been a complete and utter fraud so to perpetuate a massive heist at the expense of both the retired state workers and the taxpayers?

There is.

logoThe webpage Internet Archive has a fantastic device called the Wayback Machine that captures snapshots of pages every few days across the internet. With absolute ease, one can look at the campaign pages of candidates, movie websites that have gone extinct, or even the frontpage of a newspaper or magazine on a historic date, say, the Times on 9/12/01.

We present now a little jaunt down memory lane, the EngageRI webpage that foisted this scheme on an unsuspecting public.

OCTOBER 2, 2011

DECEMBER 9, 2011

JANUARY 22, 2012

MARCH 26, 2013

And lest we forget, here’s the people who were in charge!

Board of Directors

President & Co-Chairperson

Ed Cooney
Senior Vice President, Nortek, Inc.
Vice President
Constance Pemmerl
Retired Financial Executive
Secretary
Ted Long
Partner, Holland & Knight LLP
Treasurer

John Galvin
Chief Financial Officer, Collette Vacations
-Paul J. Choquette, Jr.
Vice Chairman, Gilbane Inc.
-Susan Arnold
CEO and General Counsel, Rhode Island Association of REALTORS, Inc.
-Kas DeCarvalho
Partner, Fontaine, DeCarvalho & Bell LLP
-Bradford S. Dimeo
Dimeo Construction Company
-James Diossa
Councilman – Ward 4, Central Falls City Council
-Michael McMahon
Founding Partner, Pine Brook Road Partners
-Dan Sullivan

CEO and President, Collette Vacations

When the FBI, SEC, and US Attorney’s Office come looking to ask questions, they might do well to check in with these folks also.

kaGh5_patreon_name_and_message

Providence Student Union launches #OurHistoryMatters campaign


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

2016-01-20 PSU 014The Providence Student Union (PSU) rallied outside the Providence School Department Wednesday to demand Ethnic Study classes be taught for credit in high school. The event served as a kickoff to the PSU’s #OurHistoryMatters campaign, to counter the lack of representation of the Latino, Black, Southeast Asian, and American Indian population in the school’s classes.

PSU was joined in their effort by representatives from PrYSM, the EJLRIYouth in Action and DARE as well as community and labor leaders.

Recent studies have shown that high school students perform better when race and ethnicity classes are offered. A Guardian report on a Stanford University study said, “Student attendance increased by 21%, while grade-point averages surged nearly a grade and a half for those enrolled in the class – striking results, according to the researchers.”

Students spoke passionately about the lack of representation in their history classes (see video below). They also resented having to learn real history outside of school. “I just recently learned the truth about Columbus Day,” said Diane Gonzalez from Central High School. “I didn’t know who Columbus really was, until I learned it with Providence Student Union, in one of our mini workshops about oppression… I’m Guatemalan, and I have no idea about our history at all.”

“This is an undeniable problem,” said Afaf Akid, a senior at E-Cubed Academy and a PSU youth leader, in  a statement. “We did an analysis of the American history textbook we use in Providence, and our results were shocking. Of our textbook’s 1,192 pages, fewer than 100 pages are dedicated to people of color. That’s less than 10% of our history curriculum, in a district where 91% of the students are people of color. That is unacceptable. And, of course, the few references to people of color are problematic as well, often treating issues like slavery and colonialism as neutral or even positive developments. We deserve better.”

“The oppression of enslaved African-Americans and Native Americans is disguised as… ‘cultural exchange,'” said Licelit Caraballo, “the hardships that Asians had to endure as they migrated to the US is viewed as just ‘seeking work’ when they were also treated as slaves. Our history books don’t cover these topics.”

A very interesting part of the presentation consisted of holding up black and white posters of famous activists of color, and asking those in attendance if they knew the people pictured. First up was Bayard Rustin, a leader in civil rights, socialism, nonviolence, and gay rights written out of civil rights history because of his homosexuality and atheism. Also held up was Fred Hampton of the Black Panther Party, Grace Lee Boggs, author, social activist, philosopher and feminist born here in Providence, Dolores Huerta, labor leader and civil rights activist and Ella Baker, civil and human rights activist.

“We think it should be pretty self-evident that Providence students need a more culturally relevant curriculum,” said Justin Hernandez, a junior at Hope High School and a PSU school delegate. “But if those in charge of our school system need convincing, we are ready. We’re used to tough fights, from ending the unfair NECAP graduation requirement to expanding bus passes. And we are excited to do whatever it takes to win ethnic studies courses and move our schools a little closer towards providing us the education we deserve.”

2016-01-20 PSU 001

2016-01-20 PSU 002

2016-01-20 PSU 003

2016-01-20 PSU 004

2016-01-20 PSU 005

2016-01-20 PSU 007

2016-01-20 PSU 008

2016-01-20 PSU 010

2016-01-20 PSU 011

2016-01-20 PSU 012

2016-01-20 PSU 013

2016-01-20 PSU 014

2016-01-20 PSU 015

2016-01-20 PSU 016

2016-01-20 PSU 017

2016-01-20 PSU 018

2016-01-20 PSU 019

2016-01-20 PSU 020

2016-01-20 PSU 021

2016-01-20 PSU 022

2016-01-20 PSU 024

2016-01-20 PSU 025

2016-01-20 PSU 026

2016-01-20 PSU 027

2016-01-20 PSU 028

Patreon

Reproductive freedom still elusive in Rhode Island


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387
Sen. Gayle Goldin
Sen. Gayle Goldin

On January 22, 1973, the Supreme Court’s landmark decision in Roe v Wade ensured that women have the right to reproductive freedom. This opinion was reaffirmed in 1992 when the Court ruled that “throughout this century, this Court also has held that the fundamental right of privacy protects citizens against governmental intrusion in such intimate family matters as procreation, childrearing, marriage, and contraceptive choice…and this Court correctly applied these principles to a woman’s right to choose abortion.”

Our views of women’s equality, participation in the labor force, and control over one’s own body have shifted dramatically in the past five decades. In 1965, only married women had contraceptive rights guaranteed by Griswold v. Connecticut. It took until 1972, a year before Roe, for the Supreme Court to rule that unmarried women had the right to birth control pills.

Prior to Roe, thousands of women died in the United States because they were forced to seek abortion in unsafe conditions. Women of color and those of limited economic means were particularly at risk of losing their life from an illegal abortion. Affluent women, however, were able to travel overseas or to states where abortions were legal.

Rep Edie Ajello
Rep Edie Ajello

Unfortunately, the gains made to protect women’s reproductive care – from access to abortion to affordable, accessible birth control – continue to be threatened by those who aim to take away a woman’s right to determine what is best for her own health and her own life.

In state legislatures across the country, opponents of reproductive freedom continue to gain ground. In the past five years, state legislatures have passed over 280 laws restricting a woman’s right to safe, legal abortion. Many of these laws intervene in the physician-patient relationship, requiring a woman’s doctor to provide her with inaccurate medical information. Other laws add unnecessary red tape to physicians’ practices and create hurdles to providing women with health care. The effect has been to increase costs and close clinics. In parts of the United States, women are once again traveling hours to access health care.

Some of the most egregious laws have been enacted in Texas. The U.S. Supreme Court is set to hear arguments in early March and this case is likely to be the most important decision about abortion rights since Roe itself. Attorneys General from twelve states, including our neighbors in Connecticut and Massachusetts, filed an amicus brief asking the Court to invalidate the Texas laws.

While we have not seen similar roll backs enacted in Rhode Island, women’s autonomy is still at risk. In 2013, the Rhode Island General Assembly attempted to create Choose Life license plates that would support “pregnancy crisis centers” and religious institutions that lobby against reproductive rights. The bill was vetoed by Governor Chafee. Just last week, a “fetal heartbeat” bill was introduced into the Rhode Island House that, if passed, could potentially criminalize abortion.

Even without new laws, however, the ones we currently have significantly curtail a woman’s right to make her own health care decisions.  Women under 18 must receive parental consent to have an abortion. Though it’s been found to be unconstitutional, Rhode Island law still says a woman must tell her husband of plans for an abortion, even if doing so would put her life at risk. Thousands of Rhode Islanders do not have health insurance that covers abortion because state law prohibits health insurance plans available to state and municipal employees from covering it. Our state also prohibits Medicaid from covering abortions in most circumstances.

Rhode Island’s constitution provides equal protection under the laws, stating that “no otherwise qualified person shall, solely by reason of race, gender or handicap be subject to discrimination by the state, its agents or any person or entity doing business with the state.” There’s just one caveat: such protections do not apply to a woman’s access to abortion. In New England, Rhode Island sticks out like a sore thumb: our state receives a grade of D+ from NARAL Pro-Choice America, because our laws do not adequately protect reproductive freedom. By contrast, even conservative states like Alaska and West Virginia get Bs, because their constitutions provide stronger protections.

Just as they did 50 years ago, these current and proposed restrictions on reproductive rights disproportionately affect middle and low income Rhode Islanders. While some women can travel to neighboring states and privately pay for health care, many cannot. As we look back and see how far we’ve come on our march for reproductive freedom, let’s not forget that we still have far to go.

Help get Bernie Sanders on the ballot tomorrow night at Ogie’s


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

white-button-aug2015_1024x1024Those interested in helping to get Bernie Sanders on the presidential ballot here in Rhode Island should consider heading out to Ogie’s Trailer Park tomorrow night. The campaign will be handing out nomination papers for people to canvass in their own area to get signatures.  Signatures can be from any registered Rhode island voter.  To get Sanders on the ballot here in Rhode Island the campaign needs 3000-5000 signatures in two weeks. Nomination papers have to be returned by February 4 and 1000 validated signatures are needed.

Kevin Keefe, of Bernie’s Ballot Brigade, will provide a national perspective of the campaign as the primary season rapidly approaches.

This will be a chance meet fellow supporters from across the state and talk politics. There will be some free appetizers, but the campaign will also be soliciting donations and signing people up for the campaign.

The event is free but there is an official signup form available here.



Other Bernie Sanders events:

Bernie Sanders’ Livestream

Saturday, January 23 – Cumberland Public Safety Union Hall –  5:00pm – 8:00pm- 7 Cray Street Cumberland
Live Streaming a message from Bernie updating people on his campaign

Rhode Island Rocks for Bernie

Sunday, January 31  –  Ocean Mist – 4:00pm – 10:00pm – 895 Matunuck Beach Rd, Matunuck

Join South County for Bernie for this great fundraiser. Bernie’s Ballot Brigade organizer Kevin Keefe will be giving an update on the campaign and there will be great music from The Copacetics, The Jungle Dogs and the Silks. This is an all ages show. Suggested donation is $15.00.

Dr. John Geyman explains why we need single-payer healthcare


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Geymans bookHave you been unimpressed with the recent claims in the presidential campaign that a single-payer “Medicare for all” healthcare plan would be untenable? Do you think Hillary Clinton is being disingenuous in arguing that the Affordable Care Act is the best Americans should expect in terms of health insurance?

You are not alone.

I recently sat down for an hour conversation with Dr. John Geyman, author of How Obamacare is Unsustainable: Why We Need a Single-Payer Solution For All Americans. He is a retired practitioner and professor emeritus of family medicine at the University of Washington School of Medicine in Seattle, where he served as chairman of the Department of Family Medicine from 1976 to 1990. He has written several books on a variety of topics related to the medical field and also writes occasionally for the Huffington Post.

During our conversation, we talked about the flaws in the AFA, how the medical-industrial complex has fundamentally warped the practice of medicine and how doctors are intended to relate to their patients, and what a single-payer system would look like. We also briefly touched on political campaign rhetoric and whether the Clinton, Sanders, and Republican campaigns are being honest when they criticize or defend the AFA.

kaGh5_patreon_name_and_message

EJLRI confronts the EPA in Boston


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

2016-01-19 EJLRI 02Environmental justice leaders from frontline communities hardest-hit by climate change and pollution converged on all 10 Environmental Protection Agency (EPA) regional office headquarters yesterday, to mark the end of the final public comment period for the Obama Administration’s federal Clean Power Plan (CPP) to reduce power plant carbon emissions 32% by 2030.

Members of the Environmental Justice League of Rhode Island (EJLRI) lead the efforts in Region 1, meeting with Curt Spalding, Administrator for the EPA’s New England Region, headquartered in Boston.

After their meeting with Spalding, I spoke to Dania Flores, EJLRI’s Executive Director and the coordinator of the action, and Julian Rodríguez-Drix, an EJLRI board member, in the hallway of the EPA offices.

“We’re part of the Climate Justice Alliance (CJA), a national alliance of climate justice grassroots groups. We decided that no one has engaged on the side of the people on the CPP plan which is a power generation plan on how the states are going to clean up their act,” said Flores.

The CJA is a collaborative of over 35 community-based and movement support organizations uniting frontline communities to forge a scalable and socio-economically just transition away from unsustainable energy towards local living economies to address the root causes of climate change. They have developed an “environmental justice counterpoint to the Clean Power Plan” they call “Our Power Plan.”

“One the first things in our plan is to engage with the EPA in each region to try to convince them that no one has actually meaningfully engaged the people,” said Flores, “We’re asking the EPA to comply with the law. They have the power to ask state governments to engage in meaningful engagement with frontline communities.”

Under Obama’s CPP, states have “until August to come up with a plan [reduce power plant carbon emissions] or they can ask for an extension,” said Flores, “but we are asking the EPA to tell states that already have a plan, ‘No, we don’t believe that you have actually meaningfully engaged with [frontline] communities.’”

Flores says that states have until 2018 to present their plan and that the CJA wants the plans “to include exactly how states engaged in meaningful engagement [with frontline communities.]”

Rodríguez-Drix said, “Here in Region 1 the issue we see is that the transition away from coal and oil very much favors natural gas as a fuel source and we have a number of very strong reasons that we do not believe that’s [a viable solution].”

The EJLRI’s position is that “if there’s energy infrastructure being built it has to be true renewables,” not energy based on extraction and burning.

Right now, to satisfy a requirement to invest in weatherization and renewables, National Grid tacks on a surcharge to all energy customers, “but the fund is mostly used for solar panels in the suburbs,” says Rodríguez-Drix. This means that poor communities are helping to subsidize the energy conversions of their richer neighbors.

“It benefits white homeowners, primarily,” says Rodríguez-Drix, “We need to look at the whole system and the economics behind it so that the system benefits frontline communities, not just in terms of jobs installing solar panels, but in terms of generating energy that is owned by people of color.”

This problem is exasperated by another issue primarily faced by poorer communities of color. “Slum lords aren’t the ones paying [energy] bills and they don’t care about [weatherization and energy efficiency]. [The communities we represent] have a lot of housing insecurity. We need incentives and investments that will put people of color to work installing and benefiting from increased weatherization and energy efficiency.”

“I had the sense that Spalding was sympathetic to what we had to say,” said Rodriguez-Drix.

“A lot of the conversation revolves around what the translation of certain words in the law is,” said Flores, “What it means to them and what it means to us. When we talk about community engagement, what does it mean to be meaningful? We think we are going to be engaged and be part of the conversation. When they talk about engagement it means they are going to leaflet someplace and schedule two meetings.

“Real meaningful engagement is a lot more work than they have been doing.”

Though this was a nationwide effort, not every EPA office allowed for this level of engagement from CJA aligned groups. “In some EPA offices, meetings like this did not occur,” said Flores, “In some offices an activist would hand over written material to a secretary.”

“EPA welcomes public input from all parties on the Clean Power Plan,” said Spalding when asked for a comment, “We are pleased that stakeholders and communities are actively engaging in the public comment process because robust public participation leads to better outcomes for our health and environment.  It is important that environmental justice communities provide EPA with their unique perspective on proposals like the Clean Power Plan.

“EPA is committed to ensuring meaningful public involvement throughout implementation of the Clean Power Plan, so that all communities benefit equally from this vital step to address climate change and protect our health and environment. EPA will consider the input we have received before taking final action.”

Flores, the EJLRI and the CJA see this contact as the beginning of a series of conversations. “We’re going to up the ante as this develops. If the EPA doesn’t push states to wait until 2018 to submit plans, after meaningfully engaging with frontline groups, we will be pushing towards a national gathering in the Summer,” said Flores.

12400573_1009301082459381_7511060132359889040_n
Photo (c)2016 EJLRI

2016-01-19 EJLRI 01

Patreon

Prison Op/Ed Project: Religion, violence and America


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

The ACIReligious violence is endangering our society. Furthermore, violence is an oxymoron to most religions. Religious people are expected to have good morals, faith, and an understanding that they, as individuals, are a small part of the Lord’s big plan. Religions teach you that the Lord gives you free will, and that’s exactly what terrorists are imposing on innocent people. Thus, they are distancing themselves even more from their religion by using that free will to hurt others.

However, America has been imposing its will on weak, underdeveloped countries for a long time. Every country has the right to sovereignty, unless America decides we need some of their natural resources. Terrorists feel that they need to go to extreme measures to get the attention of the United States, which is in turn causing havoc in our communities, because they are unable to function well under extreme pressure and fear. Not to mention that our rights to privacy have been all but stripped from us.

America’s military is advanced enough to protect its citizens. So why are we policing the world, creating more and more enemies? We’re going backwards and endangering our society. Constant fear and numerous rights violations cannot be the “American Dream”. America has enough going on at home and that’s where our focus needs to be. If we looked inwards as much as we look outwards, we wouldn’t be at the top of everybody’s hit list.

Furthermore, with all the terrorists that are waging war on America, it’s imperative that we elect the right candidate. America is in a vulnerable state. We cannot keep raising the debt ceiling and turning a blind eye to terror, nor can we ignore the bleeding that the military budget is responsible for. Americans need to know that the primary votes are a priority, and through them, we control who controls the country.

A tale of two Brookings reports


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Economic Progress Institute EPI LogoOn Friday, the Brookings Metropolitan program released a report, City and metropolitan inequality on the rise, driven by declining incomes in which Rhode Island’s largest and capital city, Providence, emerges as the city with the 5th highest level of income inequality in the nation. A principal cause of this high rating is the erosion of wages (and hence income) for low income workers in Rhode Island, a situation likely exacerbated in Providence. Too many Rhode Island workers continue to feel the ongoing pain of the Great Recession that began more than eight years ago, and (at least officially) ended more than six years ago, experiencing levels of long-term unemployment, and underemployment that erode their financial well-being. The Rhode Island economy isn’t working for these people. Among those currently in the slow lane on the “Rhode to Prosperity” workers of color comprise a disproportionate share, as recently documented in The State of Working Rhode Island: Workers of Color.

On Tuesday, the Brookings Metropolitan program released a report, Rhode Island Innovates: A Competitive Strategy for the Ocean State¸ a report that expertly assesses the Rhode Island economy, using complex sector-based analyses to identify its comparative areas of strength, and some of the challenges that may prevent businesses from choosing the Ocean State as their home. The Brookings study presents several strategies to improve the business climate, noting that “Rhode Island is poised to emerge as a leader on business environment re-engineering.”

To Brookings’ credit, they point in Rhode Island Innovates to the importance of sustaining “good jobs” (which they define as those that “offer livable wages with benefits for full-time workers who have less than a four-year degree”), and they correctly note that the old mantra of “jobs, jobs, jobs” is no longer adequate or appropriate to today’s economic realities. Yet it feels very much like the two Brookings reports each exist in their own spheres.  What Rhode Island (and arguably every other state in the nation) needs is an approach to the economy that integrates the needs of its workforce with the needs of the business community. Innovation and growth are important, but unless such growth advances the well-being of Rhode Islanders regardless of age, race and ethnicity, we will remain diminished as a state.

First look at ‘Rhode Island Innovates: A Competitive Strategy for the Ocean State’


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Brookings logoBrookings Institute‘s new report, “Rhode Island Innovates: A Competitive Strategy for the Ocean State,” was formally presented to Governor Gina Raimondo and other government leaders this morning at the Rhode Island Foundation downtown.

The report can be accessed here.

The executive summary can be read here.

Perhaps the biggest surprise comes early on, when the report declares that Rhode Island’s economy is “less dire than middling.” To hear many people say it, Rhode Island is steps away from economic implosion. The Brookings report is more optimistic.

In the report Brookings offers a package of “initiatives and action steps” … that are “intended as a comprehensive package” of reforms. They see the culmination of these ideas as requiring “a new degree of partnership across the public, private, civic, and philanthropic sectors.”

There’s a lot to digest here in a two hundred page report, but some quick thoughts:

  • The word “poverty” occurs three times in the report, and two of those times in exactly the same context: merely noting its existence. In a state with over 14 percent poverty and nearly 1 in 5 children living in poverty, you’d think a report on creating a better economic climate might address the subject more forthrightly.
  • Brookings defines “good jobs” as jobs that “offer livable wages with benefits for full-time workers who have less than a four-year degree.” Nowhere in the report is the idea of raising the minimum wage mentioned, yet many of the sectors that Brookings see as having growth potential such as hospitality or shipping create the kind of low paying jobs you might see at a fast food restaurant or a warehouse fulfillment center.
  • Taxes: “it is important to keep in mind,” says the report, “that low taxes alone do not spur economic growth.” Yet the report then cites the fact that “Rhode Island ranks 45th in the nation in the Tax Foundation’s 2016 State Business Tax Climate Index.” Yet as economist Peter Fisher ably demonstrates, “Combining more than 115 features of state tax law into a single index number produces a state ranking that turns out to bear very little relationship to what businesses actually pay in one state versus another.” The Brookings Institute’s reliance on the Tax Foundation, which “represents the corporate view of tax policy” calls into question the supposed neutrality of this report.

As I get into the report more and have a chance to hear from others I’m sure I’ll have more to say on this report. In the meantime, I present it here for everyone to get their eyes on the page and contribute to the public discussion.

Here’s the slideshow off the Brookings site:

Patreon

DARE intervenes during a house auction in Providence


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387
2019-01-19 DARE 005
Charles Fortune, left

As the Providence home of Charles and Mary Fortune was being auctioned off Tuesday morning, activists from the Tenant Homeowners  Association (THA), a committee of Direct Action for Rights and Equality (DARE), stood in the sub freezing cold carrying signs that read, “Housing is a Human Right” and “Don’t Evict, Negotiate!” hoping to deter investors and speculators from bidding.

As Charles Fortune and the THA members looked on, the auctioneer opened the bidding. Only one bid, for $45 thousand, was entered. At this point, according to DARE staff organizer Christopher Rotondo, a representative from the bank bid $100 thousand, effectively buying the property from themselves.

The Fortunes owe over $200 thousand on the property, where they have lived for twenty years. The Fortunes have been unsuccessful in attempts to negotiate affordable modification to their mortgage. They want the opportunity to buy their home at it’s current assessed value, estimated to be about $130 thousand, not including needed repairs.

The Fortunes are currently working with a non-profit lender, Boston Community Capital (BCC), to buy their home back at its current value. Though it may sound weird to people not familiar with foreclosures, the bank buying the property back from themselves may redound to the Fortunes’ favor, as the bank will now be motivated to sell the property at a reduced price.

In a statement Fortune said, “This home is my family’s roots. We raised our children here and do not want to leave. The bank should have made our payments affordable, but instead wanted to continue to foreclosure, where they will actually lose money! No we have the chance to get our home back with BCC, we just don’t want some investor buying it today and putting us out just to make money.”

The THA is made up of owners and tenants who have faced foreclosure and eviction. They are working to prevent “mass evictions being carried out by the banks” and “until suffering to thousands of people… dragging down our communities.”

2019-01-19 DARE 003
Charles Fortune

2019-01-19 DARE 006

2019-01-19 DARE 007

2019-01-19 DARE 008

2019-01-19 DARE 009

2019-01-19 DARE 013

2019-01-19 DARE 014

2019-01-19 DARE 015

2019-01-19 DARE 016

Patreon

Follow the money on the Raimondo pension scheme: Marvin Rosen


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Following the publication of a letter sent to the FBI, SEC, and US Attorney’s Office by Rhode Island’s Future, we chose to take a deeper look at the players and parties ripping off retired public employees. What we found was a massive mess of money, right-wing ideologues, and the attempted further bail-out of Wall Street at the expense of state and municipal workers that goes all the way to the top and which could end up shaking the foundations of the 2016 campaign in ways not imagined.

One of the figures that appears in this whole fracas is a man familiar to those who have paid attention to the less-publicized elements of that political machine unto itself known as the Clintons, one Marvin Rosen. Ted Seidle wrote in his letter to the federal authorities the following:

As noted in my first report, when asked by the SEC in 2009, ERSRI admitted that Fenway Partners Capital Fund III paid an influential intermediary, Marvin Rosen, of Diamond Edge Capital Partners $262,500 related to this investment and paid the firm a total of approximately $1 million related to four private equity investments. Mr. Rosen was a Democratic fundraiser linked to former President Bill Clinton whose firm earned millions in New York pension fund deals in 2005 and 2006 when Alan Hevesi was state controller. Fenway and Mr. Rosen were also was involved in a pay-to-play controversy related to the New Mexico state pension.

Marvin Rosen
Marvin Rosen

To delve into the history of Mr. Rosen is to journey into the dark underbelly of the Democratic Party, a party that has been co-opted and compromised by Wall Street since the days of Bill Clinton’s gubernatorial campaigns, if not earlier. Since the mid-1980’s, a brand of “New Democrats” has used the once-progressive mantle of the party to justify the adoption of neoliberal policies that a Reagan or Bush would only dream of trying to foist on the American public, be it “the era of Big Government is over” hollowing out of Welfare and other social safety net programs or “Tough on Crime” minimum mandatory sentencing guidelines. This cuts to the core of your standard DINO (Democrat In Name Only), be it Bill and Hillary Clinton or Gina Raimondo.

When one writes about Marvin Rosen, they must be cautious because of his tendency to sue over bad press. As such, what follows is copy from sources that have previously withstood the Rosen wrath. The first comes from the book Kentucky Fried Pensions by Chris Tobe, who kindly shared his materials with us to complete these stories. Tobe has been covering a similar pension scheme in the Bluegrass State and says the following:

The most colorful placement agent firm, hands down, is a small operation called Diamond Edge Capital Partners LLC led by Marvin Rosen. Eileen Kotecki, who was Al Gore’s and John Edwards’ main Presidential fundraiser, worked there for a time. [i] Glen Sergeon, a Diamond Edge partner and a former trustee of the New York Teachers’ Retirement Fund, collected around $5 million from private equity firms and hedge funds doing business with the Kentucky Retirement Systems (KRS). Sergeon used the money to buy a lavish Fifth Avenue condo. [ii] Forbes reported that, in addition to Kentucky, Diamond Edge was involved in the New York pay for play scandal: “Diamond Edge Capital Partners is another firm that was paid–$6.8 million–by money managers for lining up work with New York. In 2008 Sergeon joined Diamond Edge, where he teamed up with Marvin Rosen, a company partner and the former Bill Clinton fundraiser who arranged Lincoln Bedroom sleepovers for big donors. Later that year Sergeon landed Diamond Edge its first business with Kentucky.” [iii] Rosen and another Diamond Edge partner, Marc Correra, are being sued for their role as placement agents in New Mexico. [iv] Marvin Rosen as late as 2013 has been disclosed as a placement agent in Rhode Island. Pro Football Hall of Famer Lynn Swann has also worked for Diamond Edge.
But the most colorful Diamond Edge partner was Kenneth Ira Starr, known as Hollywood’s Madoff. [v]  Currently serving a seven-year prison term, Starr managed the money of celebrities like Al Pacino, Uma Thurman and Lauren Bacall. Starr engineered a $33 million Ponzi scheme to swindle his clients and to impress his much younger, ex-stripper wife, Diane Passage. [vi] He was featured on the CNBC television show “American Greed” which focused on his rip-off of Sylvester Stallone and his obsession with, and subsequent marriage to, a pole dancer. [vii]
[i] http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atwTqj6OjY7U How Pension Placement Agent Exploited Political Ties, Martin Braun & Gillian Wee: May 18, 2009
[ii] http://observer.com/2011/07/secret-agent-glen-sergeon-sells-in-the-village-buys-in-harlem/
[iii] http://www.forbes.com/forbes/2011/0523/features-pensions-glen-sergeon-auditors-secret-agent_3.html
[iv] http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atwTqj6OjY7U
[v] http://www.huffingtonpost.com/2011/03/03/ken-starr-hollywoods-mado_n_830918.html
[vi] http://www.huffingtonpost.com/2011/03/03/ken-starr-hollywoods-mado_n_830918.html
[vii] http://www.cnbc.com/id/45554694

Of course, this begs the question what exactly is a placement agent?

Investopedia defines the term asAn intermediary who raises capital for investment funds. A placement agent can range in size from a small one-person independent firm to a large division of a global investment bank. Professional placement agents are required to be registered with the securities regulatory agency in their jurisdiction, such as the U.S. Securities and Exchange Commission. A placement agent operating in the U.S. must be registered as a broker or dealer.” When I discussed this with Tobe, he explained it as a job that has almost totally ceased to exist in the post-Citizens United era, but before then a placement agent functioned as a middle-man for big capital.

But that is only scratching the surface of Rosen’s history. Jeffrey St. Clair and the late Alexander Cockburn of CounterPunch! also have covered Rosen in their multi-decade stories about the Clintons. Their story, titled Clinton and the Cuban Fixer, is an impressive read worth the time. They write:

Marvin Rosen cut his teeth in Democratic Party politics back in 1980 when he was the Florida coordinator of Sen. Ted Kennedy’s doomed effort to wrest the Democratic Party nomination from Jimmy Carter. Though Kennedy did badly, Rosen proved himself a whiz at beating the bushes for money. By 1984 he was the leading fundraiser for Fritz Mondale. In 1988 Rosen served as finance chairman of the Dukakis campaign and, during the cash-strapped days of Clinton’s 1992 bid, was personally solicited by Gov. Bill himself to raise money, and celebrated the inaugural victory in the company of the Clintons and the Gores. Seeking to capitalize on such a long investment in time and effort, Rosen opened a D.C. office for his law firm in 1993 and immediately hired Ron Brown’s son Michael to be his director of legislative affairs. He also recruited Ted Kennedy’s new wife, Victoria.

They go on to explore Rosen’s connections to the infamous Cuban exile community located around Miami and other parts of Florida. For those readers who are unfamiliar, this bunch has a rather checkered past, including hair-brained anti-Castro efforts that date back to the darker days of the Cold War along with a bevvy of good-old-fashioned corruption and pollution of the Florida Everglades.

Another Cockburn/St. Clair piece featuring Rosen, excerpted from their book Dime’s Worth of Difference: Beyond the Lesser of Two Evils and titled All for Oil, Oil for One, explains the connections between Rosen and major fossil fuel corporations that have been looking to drill for oil in the Arctic National Wildlife Refuge and build a variety of pipelines across America, giving a great insight into why the Democrats are all in favor of the Burrillville natural gas plant despite sound science proving it would be a calamity.

ARCO [Atlantic Richfield Company]– the prime beneficiary of the new Alaskan oil bonanza–is one of the preeminent sponsors of the American political system. The oil giant maintains a hefty federal political action committee. In the 1996 election cycle, the ARCO PAC handed out more than $357,000.  But this was only the beginning. Over the same period, ARCO pumped $1.25 million of soft money into the tanks of the Republican and Democratic national committees. The company contributed at least another $500,000 in state elections, where corporations can often give directly to candidates. At the time, Robert Healy was ARCO’s vice-president for governmental affairs. On October 25, 1995, Healy attended a White House coffee “klatsch” with Vice-President Al Gore and Marvin Rosen, finance chairman of the Democratic National Committee. A few days before the session, Healy himself contributed $1,000 to the Clinton/Gore re-election campaign. But from July through December of 1995, largely under Healy’s direction, ARCO poured $125,000 into the coffers of the DNC. [Emphasis added]

Need more be said?

The late Christopher Hitchens, for all his drunken sliminess and apologias for the Bush presidencies, did have a moment in his career where he contributed something useful by publishing his pamphlet No One Left To Lie To. In that slim volume, issued in the midst of the Clinton impeachment fiasco, he laid out an explanation for the Clinton strategy of triangulation, a term coined by the right wing political consultant Dick Morris. Hitchens defined it as such in a Book TV interview on C-SPAN 2: “Triangulation is three-card monte… You steal the Republican Party’s program, adopt it for the Democratic Party, hope you can bring the Republican Party’s donors along with you, which you often can, then you are faced with the task of shoring up or reassuring your own constituency, and that is done by means of a sort of cheap and superficial political correctness.” It can be said without much argument that this can very well sum up the Raimondo ideology very well, a miasma of reactionary ideals covered up by a clever game of neoliberal identity politics that passes doing the bare minimum for women’s rights as feminism. This also goes for her pension policies that benefit Wall Street while robbing Main Street.

Of course, all these points also can be applied with no modification or rejoinder to Hillary Clinton.

kaGh5_patreon_name_and_message

“Free at last, free at last, Thank God Almighty, we are free at last!” Dr. Martin Luther King, Jr., delivered 28 August 1963, at the Lincoln Memorial, Washington D.C.


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Martin Luther King Jr

For some reason, this year I thought I must do something special on Martin Luther King, Jr. day. I decided to read something he had written. But today I found the video of his “Free at Last” speech and decided to watch and most importantly to listen to the great man deliver his most celebrated speech.

As I watched tears developed in my eyes. At the climactic end, one forlorn tear from each eye rolled down my cheeks. As I watched I remembered that what MLK had looked forward to had not yet come to pass in this great, yes great, nation of ours.

Black Lives Matter.

How many deaths must we watch before we come to grips with our own insidious built-in racism? How many Black families must grieve for their lost sons and daughters? How many children must we raise who are still de facto segregated into black schools and white schools, poor schools and rich schools, ghettos and fields of plenty?

I am certain the day will come when we will truly be equal, but it will not come by itself. It may not come in my lifetime, but it will come. And, I believe, without violence.

But we must never forget that “the price of liberty” for all “is eternal vigilance” by all. That vigilance is here today. White brothers and sisters are opening their eyes. Yes, it has taken a lot of pushing and faces severe resistance, but it is happening. Efforts are underway to end the injustices. But efforts are not enough, we must succeed. We cannot take our eyes off of the end goals, and we must do what is necessary to peacefully achieve them, and to keep them. We must be vigilant.

When were my eyes open to the continuing injustices faced by persons of color? It actually wasn’t anyone’s death, it wasn’t anyone’s wrongful incarceration. It was earlier but is current, it was something seemingly innocuous yet revealing. It was when I first heard the term: “DWB: Driving While Black.”

We have a ways to go. But the spirit of MLK will lead us there.

I knew there was a reason.

PolitiFactRI Asks Developers to Fact Check Developers


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387
The Superman Building from Smith Hill. (Photo by Bob Plain)
The Superman Building from Smith Hill. (Photo by Bob Plain)

PolitiFactRI has a history of sloppy reporting and conservative bias that has generated national attention.  But a piece on whether developers deserve huge cash handouts broke new ground.

It centers around David Sweetser, the principal owner of the Superman Building.  Controversially, Sweetser has refused to renovate the building or bring in tenants until the city and state agree to pay him tens of millions of dollars in taxpayer money—considerably more than the purchase price.

When Ed Fitzpatrick at the Providence Journal reported on the Superman Building, Sweetser gave him a classic defense.  As Fitzpatrick wrote: “Sweetser, who lives in Wellesley, Massachusetts, said the reality is that Boston is just 60 minutes away and it’s offering subsidies to developers who can charge higher rent than you can get in Providence, while construction costs are more or less equal.”  PolitiFactRI rated Sweetser’s defense true.  This is an important claim to unpack because it’s one of the most common arguments big Rhode Island developers use in their quest for taxpayer cash.  It’s also extremely misleading.

To begin with, what makes Boston real estate so expensive is not the cost of construction.  It’s the cost of land.  The whole point of this developer talking point is to imply that overall costs are no higher in Boston–something that is definitely not true.

PolitiFactRI does not address this point.  Instead, they zero in on whether construction costs are higher.  So how does PolitiFactRI seek to answer this question?  Do they consult some unbiased labor cost index?  No, they just ask the Gilbane Corporation—one of the biggest developers in Rhode Island.

Interestingly, Gilbane does not say construction costs are identical.  They say there is, in fact, a “slight overall difference.”  But they also say, “When it comes to larger more complex projects costs are roughly the same.”  If Gilbane shared any hard numbers, PolitiFactRI neglected to print them.

Now, Massachusetts is a considerably wealthier state, with stronger unions and a slightly higher minimum wage. It would be odd if labor costs were not slightly higher in Boston.  But just how big that difference is is an interesting question.  Unfortunately, PolitiFactRI does not give us a number.

Finally, there is the question of subsidies in Boston.  PolitiFactRI asks Nicholas Martin, the spokesman for the Boston Redevelopment Agency.  He says, “I would not hesitate to say that the majority of construction that’s going on in the city of Boston is not subsidized,” although he does clarify that some big projects do get subsidies.

Boston certainly does offer some absurd subsidies, but the situation today is nothing like Providence, where pretty much every big project gets a special tax break.  Boston does lots of developments without subsidies, and they even make Fenway stadium pay taxes.

Under liberal Governor Michael Dukakis, the Massachusetts economy went through a huge boom called the , and the state now has quite a strong economy.  That’s why the state has a strong housing market.  Like Rhode Island today, Massachusetts used to struggle with conservative Democrats who opposed good policy.  Ronald Reagan called Governor Edward King, Dukakis’s rival, his “favorite Democrat,” and King formally became a Republican after Dukakis beat him in the 1982 primary.  Today, the Massachusetts legislature is filled with solid real Democrats like Senate President Stan Rosenberg.  And the state is thriving, especially when compared to Rhode Island.

If Rhode Island wants to learn a lesson from Massachusetts, we should try breaking the machine and electing real Democrats.

Mattiello’s position on energy and environment ‘defies economic and common sense’


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387
Nicholas Mattiello
Nicholas Mattiello

Local environmental groups and activists have responded to comments made by RI House Speaker Nicholas Mattiello (D District 15 Cranston) made about his support for Invenergy‘s new planned methane gas and oil fueled power plant at the 2016 Rhode Island Small Business Economic Summit.

In the video, Mattiello says, “I’ve been an advocate working with the Office of Energy Resources. I think we have to expand our traditional energy sources and we’re doing so somewhat in Burrillville. I fully encourage that because we have to provide traditional energy as cheaply and efficiently as possible for our ratepayers. However, the world is changing and we have to look at renewables and we have to encourage the growth of renewables. Some people want just the carbon based some people want just the renewables. I think we have to take a practical viewpoint and I encourage both and we’ll grow them both just as fast as we can and let the economy and the marketplace play a little bit of a role. As far as I’m concerned we’re going to encourage the expansion of all forms of energy so that our citizens and our businesses have the cheapest energy available to them so that we can grow and thrive as a community and that our citizens can heat their homes and power their homes as efficiently and cheaply as possible.”

“An ‘all-of-the-above’ approach may provide a good soundbite for Speaker Mattiello,” said Conservation Law Foundation press secretary Josh Block, “but it is an illogical and irresponsible solution when it comes to our energy grid. Renewable energy is the only path to ensuring breathable air, drinkable water and stable energy prices for decades to come, and suggesting we continue building payphones when cell phones are getting cheaper and more prevalent each day defies basic economic and common sense.”

Professor Peter Nightingale of Fossil Free RI says that “Speaker Mattiello does not get it: going green will stimulate Rhode Island’s economy more than his supposedly cheap fossil fuel energy.  He calls himself practical, even as he ignores common sense economics and the laws of nature. Unfortunately, he fits in perfectly with the rest of our leadership as they sell present and future generations down “Clear River” for short-term gain.  Is dark and out-of-state money interfering with their sense of decency and grasp of reality?”

Greg Gerritt, head of research for ProsperityForRI.com speaking only for himself, berated the Speaker’s understanding of economics, saying, “The more I listen to Representative Mattiello the more it becomes obvious that he has absolutely no understanding of how the economy works and where it is going, has no understanding of the relationship between healthy ecosystems and the Rhode Island economy, and no conception that economies are built from the bottom up not the top down.”

Nick Katkevich of Fighting Against Natural Gas (FANG) sent a video, saying, “Way back on a hot summer day in June a group of us went to Mattiello’s law office in Cranston over a rumor that he was planning to attend a ribbon cutting ceremony for the Burrillville Spectra expansion. To our surprise he showed up while we were there at his office.”

More on the 2016 Rhode Island Small Business Economic Summit:

Business leaders decide issues elected officials will pursue at economic summit

State leaders demonstrate their priorities, and it’s not you

More on Speaker Mattiello and his economic ideas from the 2015 Rhode Island Small Business Economic Summit:

Mattiello’s ‘dynamic analysis’ is long discredited economics

Patreon

Operation Clean Government calls for independent investigation of 38 Studios


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Screen Shot 2016-01-17 at 9.39.59 PMRecent testimony by Steven Costantino before the House Oversight Committee was a long-overdue step in the right direction.

While newsworthy, the appearance by the former House Finance Chair falls seriously short of the full investigation that clean-government groups have been demanding.

Margaret Kane, president of Operation Clean Government (OCG), said, “State House leaders want to move past 38 Studios, but they want to do so by sweeping it under the rug. The public deserves to know how this disaster occurred, and without an independent investigation it is unlikely that Rhode Islanders will ever learn the truth.”

OCG is also concerned that little effort has apparently gone into preventing similar disasters from happening in the future. “Even Mr. Constantino testified that he was generally opposed to moral obligation bonds,” Kane points out.

She added that Treasurer [Seth] Magaziner’s plan to strengthen a finance board which he largely appoints isn’t exactly the independent oversight that is needed.

Operation Clean Government is a member of the Investigate38StudiosNow.org coalition, which has been calling for the 38 Studios scandal to be investigated not only by the legislative oversight committees, but also by an independent investigator hired outside the legislative branch. Since the coalition called for these investigations, the Oversight Committee has for the first time been allowed to issue 38 Studios subpoenas. However, Governor [Gina] Raimondo has still refused to appoint a truly independent investigator.

The 38 Studios scandal, which has already cost the state many millions of dollars, shows no sign of going away.

[From a press release]


You watch the full testimony in the videos below:

Follow the money on Raimondo pension scheme: John Arnold


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Following the publication of a letter sent to the FBI, SEC, and US Attorney’s Office by Rhode Island’s Future, we chose to take a deeper look at the players and parties ripping off retired public employees. What we found was a massive mess of money, right-wing ideologues, and the attempted further bail-out of Wall Street at the expense of state and municipal workers that goes all the way to the top and which could end up shaking the foundations of the 2016 campaign in ways not imagined.

Screen Shot 2016-01-16 at 7.32.20 PMThe Raimondo pension scheme is just a test run of a larger agenda. If this is left to stand, it would clear the way for the privatization of Social Security and the total defenestration of the social safety net dating back to the New Deal years. Through a well-financed and insidious number of organizations including the Pew Charitable Trusts Foundation, the Bill and Melinda Gates Foundation, the Blackstone Group, and the Laura and John Arnold Foundation, as well as many others, a cunning and manipulative campaign has been created to deceive the general public into believing that retired teachers, firefighters, librarians, and civil servants are costing the taxpayers exorbitant amounts of money while your friendly Wall Street banker is in need of charity. And at the center of it all is Hillary Rodham Clinton, whose campaign is both financed by these crooks and soliciting the endorsements of unions from whose members the heist is being perpetrated against!

Screen Shot 2016-01-16 at 9.02.44 PMAll this begs multiple questions. For example, where are the voices of Treasurer Seth Magaziner and Attorney General Peter Kilmartin in all of this? David Sirota argues in a report that “the “crisis” language around pensions is, unto itself, fraudulent“. What does this say about Gina Raimondo’s public statements and testimony made potentially under oath while the pension lawsuit was being litigated? Was she totally forthcoming when the SEC previously looked into these matters? Seidle writes in Rhode Island Public Pension Reform: Wall Street’s License to Steal:

[T]he General Treasurer’s practice of withholding information and intentionally providing incomplete disclosures regarding ERSRI’s investments results in: (1) misleading the public as to fundamental investment matters, such as the true costs and risks related to investing in hedge, private equity, and venture capital funds; (2) understating the investment expenses and risks related to ERSRI; and (3) misrepresenting the financial condition of the state of Rhode Island to investors… [A]n investigation by state or federal securities regulators would reveal intentional withholding of material information and misrepresentations regarding state pension costs. [Emphasis added]

This is a scandal in development that makes Operation Plunder Dome look like shoplifting penny candy from the corner store. There never was a pension crisis, just a public swindle. This whole notion of a crisis is a gigantic fraud. And not only are public sector retirees and employees paying for it, every single taxpayer in Rhode Island is being duped into shoveling piles of cash into Wall Street’s trough.

The first person to scrutinize is John Arnold, the ex-Enron trader who was able to send a nice donation to both the Raimondo and Obama campaigns at key moments. Consider this line from a webpage cataloging his nationwide rampage:

Arnold donated hundreds of thousands of dollars to Engage RI, the PAC behind Raimondo’s campaign to cut benefits and move workers into a “hybrid” retirement system that includes a 401(k) component. The Arnold Foundation also helped finance a Brookings Institution report and an Urban Institute report trumpeting Raimondo’s pension cuts.

John Arnold
John Arnold

While Enron has gone down in history as having close ties with George W. Bush, complete with Ken Lay holding the classic Dubya appellation of “Kenny Boy”, this should not be surprising. For some years now, the Wall Street political donations have flowed into Democratic Party coffers whereas the Republicans depend on patronage from the fossil fuel industries. The reason Bush and Lay were buddies came down to the fact that Enron as a company operated in both worlds, trading in energy futures (which ended up being fraudulent in the long run), which combined the sale of commodities on an exchange floor like Wall Street with the generation of relationships to fuel corporations such as the ones the Bush family made their millions from.

David Sirota writes the following about Arnold:

According to CNN/Money, John Arnold is “the second-youngest self-made multibillionaire in the United States.” Only Mark Zuckerberg is younger and richer – but that’s not the only difference between the two. Whereas Zuckerberg made his fortune building a brand-new social media technology, Arnold made his the old fashioned way: through the kind of financial speculation that destroys economies, harms taxpayers and wrecks public pension funds… Underscoring the potential corruption surrounding the pension system, Siedle also reports that state pension officials became the target of “pay-to-play” allegations and a Securities and Exchange Commission inquiry. Meanwhile, the Economic Policy Institute reports that the Pew/Arnold-backed pension system “actually increases costs to state and local governments and taxpayers while making retirement incomes less secure.” Specifically, because of the comparative inefficiencies of the defined contribution part of the state’s new hybrid pension plan, state taxpayers will be forced to make “upwards of $15 million a year in additional contributions while providing a smaller benefit for the average full-career worker. [Emphasis added]

All this obviates a simple question, why?

Screen Shot 2016-01-16 at 7.40.42 PM
From “The Plot Against Pensions” by David Sirota.

The answer is relatively easy. The over-hyped Dodd-Frank Act and recession backlash has made the typical practice of bailing out the Too-Big-To-Fail banks untenable. After 2008, it is simply impossible to carry on with business as usual. There was the logical and sane option of breaking up the banks and reinstating the Glass-Steagall Act, the law dating back to the aftermath of the 1929 crash that segregated risky Wall Street investment from typical consumer depositor banking. But President Obama, who has always been up to his eyeballs in money from firms like Goldman Sachs and Blackstone, an outfit that makes Goldman seem like child’s play, could not do that. So instead, Wall Street had to find a new source of revenue.

And what is perhaps the most trustworthy reservoir of cash to be found in America? The pension funds! Consider this line from Dan Pedrotty of the American Federation of Teachers: “Today, nearly $4 trillion is held in defined-benefit pension funds in our country on behalf of American workers for their retirement.” KA-CHING!

From "The Plot Against Pensions" by David Sirota.
From “The Plot Against Pensions” by David Sirota.

As with any fishing expedition, first you create the bait. Arnold has financed a “pension crisis” narrative through traditionally-dispassionate, objective venues that the public trusts immensely. For example, there was the shady report put out by the Brookings Institute that raised alarm bells. Or there was the nonsense news he financed for broadcast by the PBS division out of New York. There are all kinds of instances where Arnold’s plot is being rolled out. But you do not need me to tell you, just watch this delightful animated short created by the good union folks at AFSCME:

This of course helps to explain the motivation of why these folks are into education and push the charter school agenda. Besides the fact that it would break a major pillar of the union movement that could theoretically help union drives in the businesses of the Waltons (Wal-Mart and Sam’s Club) or the Gateses (Microsoft), it generates tons of revenue that goes into the pockets of the Wall Street investment firms! Consider also this point raised in The Plot Against America’s Pensions by David Sirota:

Like President George W. Bush’s proposal to radically alter Social Security, many of these plans would transform stable public pension funds into individualized accounts. They also most often reduce millions of Americans’ guaranteed retirement benefits. In many cases, they would also increase expenses for taxpayers and enrich Wall Street hedge fund managers…The goals of the plot against pensions are both straightforward and deceptive. On the surface, the primary objective is to convert traditional defined-benefit pension funds that guarantee retirement income into riskier, costlier schemes that reduce benefits and income guarantees, and subject taxpayers and millions of workers’ retirement funds to Enron’s casino-style economics…The bait-and-switch at work is simple: The plot forwards the illusion that state budget problems are driven by pension benefits rather than by the far more expensive and wasteful corporate subsidies that states have been doling out for years. That ends up 1) focusing state budget debates on benefit-slashing proposals and therefore 2) downplaying proposals that would raise revenue to shore up existing retirement systems. The result is that the Pew-Arnold initiative at once helps the right’s ideological crusade against traditional pensions and helps billionaires and the business lobby preserve corporations’ huge state tax subsidies. [Emphasis added]

It is worthwhile here to consider in closing some verbiage from Ted Siedle’s 2013 forensic audit:

Rhode Island’s state pension fund fell victim to a Wall Street coup. It happened when Gina Raimondo, a venture capital manager with an uncertain investment track record of only a few years—a principal in a firm that had been hired by the state to manage a paltry $5 million in pension assets—got herself elected as the General Treasurer of the State of Rhode Island with the financial backing of out-of-state hedge fund managers. Raimondo’s new role endowed her with responsibility for overseeing the state’s entire $7 billion in pension assets. In short, the foxes (money managers) had taken over management of the hen-house (the pension).

Indeed.

kaGh5_patreon_name_and_message

Sunday Night Movie: STAR WARS I-III: A PHANTOM EDIT


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Rhode Island’s Future is dedicated to providing both quality news and analysis while also giving showcase to amazing arts and entertainment programming. As part of this, we will begin a new Sunday Night Movie column that goes out of the way to find the quirky, kooky, and weird material we know our readers will enjoy. As our inaugural effort we present STAR WARS I-III: A PHANTOM EDIT!

Created by editor Andrew Kwan, this is a brilliant work that will stun both fans and the casual viewer. Kwan has remixed the six hours of problematic prequels into a tightly-edited two hours of STAR WARS bliss. Using all of five minutes of EPISODE I, fifty minutes of EPISODE II, and leaving the remainder for EPISODE III, he has created a picture that is almost totally Jar-Jar free and makes Anakin Skywalker into a truly tragic figure as opposed to a whiny brat.

Raimondo in Davos: The promise of capitalist salvation


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387
Apotheosis of the Medici by Luca Giordano (1672)
Apotheosis of the Medici by Luca Giordano (1672)

When Governor Gina Raimondo attends the World Economic Forum (WEF) in Davos, Switzerland for four days this week, she’ll be one of many political leaders having private, off-the-record meetings “with high-ranking representatives of the world’s leading corporations.” Putting aside that many of the corporations that fund WEF and set the forum’s agendas “have criminal records, are under investigation for potential criminal activity (e.g., bribery), are mired in significant legal/ethical issues, or have blatant conflicts of interest,” there is the question of what, if anything, actually gets done there.

WEF attendees talk a lot about the problems of the world, such as Climate Change and Economic Inequality, (This year they plan to talk about “Mastering the Fourth Industrial Revolution” for instance) but the tools participants have at their disposal to deal with these problems, economic and political power, are not the tools that will effect real solutions.

“The governor’s top priority is creating jobs and turning around our economy so everyone has the opportunity to make it in Rhode Island,” said Raimondo spokesperson Marie Aberger, “An important part of her job is selling Rhode Island to attract new businesses and opportunities to our state.”

Sure, some billionaire may move a few jobs towards Rhode Island if Raimondo can catch the right ear, but this does nothing to address the systemic issues mentioned above.

Failed tax policies and wasteful investments in fossil fuel infrastructure can be dealt with through smart policy adjustments without having to travel to Davos. In a recent Brookings Institute report on inequality where Providence fared especially poorly, the authors suggested that, “Housing is an area where local officials—mayors, city councilors, county executives and commissioners—have somewhat greater scope to address needs, at least by influencing the supply side of the market.” This is something Raimondo could help begin to address from her State House office, no trip to Switzerland required.

But there is another reasons to make the pilgrimage to Davos.

WEF has been criticized for being populated with corporate “transnationalists” who “have little need for national loyalty, view national boundaries as obstacles that thankfully are vanishing, and see national governments as residues from the past whose only useful function is to facilitate the elite’s global operations.”

A journey to Davos, then, could be wasted on a gamble to court the favor of the criminal corporate elite and to beg financial indulgences from the masters of the universe, or the journey could be one of neoliberal salvation, a chance to transcend petty human concerns and perhaps join the ranks of the those who live far above the law and make decisions not based on compassion or human rights but on the basis of profit and power.

This is the apotheosis…

…transcendence though capitalism.

This is the true promise of Davos.

Patreon


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387