Archive for the 'Jobs' Category

Rifle maker bounces boss who supports Obama

Courtesy USAToday.

WASHINGTON — Montana gunsmith Dan Cooper has been ousted as chief executive of the rifle company that bears his name after pressure from gun owners who are angry that he is supporting Democrat Barack Obama.

Cooper, founder and part owner of Cooper Firearms, told USA TODAY in a story published Tuesday that he has voted for Republicans for most of his life, but he is backing Obama “probably because of the war. And also because the Republican Party has moved so far right in recent years.” Cooper said he was attracted to the Democrat’s message about “the retooling of America, which involves the building of middle-class jobs and helping American small business be competitive with those overseas.”

 

 

Cooper contributed $3,300 to Obama’s presidential campaign, according to election records complied by the non-partisan CQ MoneyLine.

The USA TODAY article sparked outrage from some gun owners and bloggers, including an open letter on a blog called Firearms and Freedom, urging people to boycott the company’s products. Many gun enthusiasts believe Obama will try to restrict their right to bear arms, although he has said he respects the Second Amendment.

In a portion of the interview that was not included in Tuesday’s story, Cooper said, “I don’t believe that what’s being said about Obama and his policies about guns are accurate. I have had a conversation with the senator … he is a stanch supporter of the right to hunt and the right to bear arms.”

The company posted a statement Wednesday night on its website that said:

“The employees, shareholders and board of directors of Cooper Firearms of Montana do not share the personal political views of Dan Cooper. Although we all believe everyone has a right to vote and donate as they see fit, it has become apparent that the fallout may affect more than just Mr. Cooper. It may also affect the employees and the shareholders of Cooper Firearms. The board of directors has asked Mr. Cooper to resign as President.”

Cooper Firearms employs 38 people, Cooper said Monday. Cooper started the company with two partners in 1990. It manufactures wood-stock bolt-action hunting rifles that start at around $1,600. In October 1992, Cooper presented a rifle to then-President George H.W. Bush at a Montana campaign event.

In a statement Thursday to USA TODAY, Cooper said, “There is nothing on this earth I will not do for my employees … we have fought through 20 years of building what I believe to be the finest rifles built in America …When the internet anger turned on these innocent people, I felt it was important to distance myself from the company so as not to cause any further harm.”

He said he had resigned the company. He did not address whether he will maintain an ownership stake — except to say, “stronger measures may be forthcoming.”

“It’s a really McCarthyism at its worst,” said Bob Ricker, executive director of the American Hunters and Shooters Association, which has endorsed Obama. “That’s really why our organization was formed, was to deal with this craziness. If you’re a gun owner, but you have a contrary view to some of these wackos, they will go out and try to destroy you.”

Montana Gov. Brian Schweitzer, a Democrat, said in a phone interview that he was disturbed by the backlash against Cooper.

Article continues @ Sourced Site.

Son of National Review Founder Endorses Obama, Loses Job

Courtesy The Daily Beast.

Christopher Buckley, in an exclusive for The Daily Beast, explains why he left The National Review, the magazine his father founded.
I seem to have picked an apt title for my Daily Beast column, or blog, or whatever it’s called: “What Fresh Hell.” My last posting (if that’s what it’s called) in which I endorsed Obama, has brought about a very heaping helping of fresh hell. In fact, I think it could accurately be called a tsunami.
The mail (as we used to call it in pre-cyber times) at the Beast has been running I’d say at about 7-to-1 in favor. This would seem to indicate that you (the Beast reader) are largely pro-Obama.
As for the mail flooding into National Review Online—that’s been running about, oh, 700-to-1 against. In fact, the only thing the Right can’t quite decide is whether I should be boiled in oil or just put up against the wall and shot. Lethal injection would be too painless.
I had gone out of my way in my Beast endorsement to say that I was not doing it in the pages of National Review, where I write the back-page column, because of the experience of my colleague, the lovely Kathleen Parker. Kathleen had written in NRO that she felt Sarah Palin was an embarrassment. (Hardly an alarmist view.) This brought 12,000 livid emails, among them a real charmer suggesting that Kathleen’s mother ought to have aborted her and tossed the fetus into a dumpster. I didn’t want to put NR in an awkward position.
Since my Obama endorsement, Kathleen and I have become BFFs and now trade incoming hate-mails. No one has yet suggested my dear old Mum should have aborted me, but it’s pretty darned angry out there in Right Wing Land. One editor at National Review—a friend of 30 years—emailed me that he thought my opinions “cretinous.” One thoughtful correspondent, who feels that I have “betrayed”—the b-word has been much used in all this—my father and the conservative movement generally, said he plans to devote the rest of his life to getting people to cancel their subscriptions to National Review. But there was one bright spot: To those who wrote me to demand, “Cancel my subscription,” I was able to quote the title of my father’s last book, a delicious compendium of his NR “Notes and Asides”: Cancel Your Own Goddam Subscription.
Within hours of my endorsement appearing in The Daily Beast it became clear that National Review had a serious problem on its hands. So the next morning, I thought the only decent thing to do would be to offer to resign my column there. This offer was accepted—rather briskly!—by Rich Lowry, NR’s editor, and its publisher, the superb and able and fine Jack Fowler. I retain the fondest feelings for the magazine that my father founded, but I will admit to a certain sadness that an act of publishing a reasoned argument for the opposition should result in acrimony and disavowal.
My father in his day endorsed a number of liberal Democrats for high office, including Allard K. Lowenstein and Joe Lieberman. One of his closest friends on earth was John Kenneth Galbraith. In 1969, Pup wrote a widely-remarked upon column saying that it was time America had a black president. (I hasten to aver here that I did not endorse Senator Obama because he is black. Surely voting for someone on that basis is as racist as not voting for him for the same reason.)

-Article Continues @ Sourced Site.

Ed Comment: Remember Fellow Obama Supporters, we can’t rest on our Laurals. We gotta vote, vote, VOTE for Obama! Let the McCainiacs and Palindrones stay HOME! -Shinai.

A ‘Green New Deal’ can save the world’s economy, says UN

Courtesy The Independent (UK).

Top economists and United Nations leaders are working on a “Green New Deal” to create millions of jobs, revive the world economy, slash poverty and avert environmental disaster, as the financial markets plunge into their deepest crisis since the Great Depression.

The ambitious plan – the start of which will be formally launched in London next week - will call on world leaders, including the new US President, to promote a massive redirection of investment away from the speculation that has caused the bursting “financial and housing bubbles” and into job-creating programmes to restore the natural systems that underpin the world economy.

It aims to convince them that, far from restricting growth, healing the global environment will be a desperately -needed driving force behind it.

The Green Economy Initiative - which will be spearheaded by the United Nations Environment Programme (UNEP), headquartered here, and is already being backed by governments – draws its inspiration from Franklin Roosevelt’s New Deal, which ended the 1930s depression and helped set up the world economy for the unprecedented growth of the second half of the 20th century.

It, too, envisages basing recovery on providing work for the poor, as well as reform of financial practices, after a crash brought on by unregulated excesses of the free market and the banking system.

-Article Continues @ Sourced Site.

Democrats call for massive econ stimulus plan

WASHINGTON (Reuters) - The United States needs a new economic stimulus plan that pumps billions of dollars into infrastructure projects and budget relief for cash-strapped state and local governments, Democratic lawmakers said on Sunday.

U.S. Rep. Barney Frank, chairman of the House Financial Services Committee, told ABC television he will put together an economic stimulus bill when Congress returns to Washington after the November 4 elections, while a key Republican said he would support an effort that “makes sense.”

Rep. Roy Blunt, the Missouri Republican who serves as House minority leader, said he would support a stimulus plan if it did not include massive public works spending and budget bailouts for states that overspent on health care and other social programs.

“A stimulus plan that makes sense is something that I’ll be helpful with,” Blunt said, also on ABC television.

U.S. House Speaker Nancy Pelosi last week said a $150 billion economic stimulus plan was needed to help counteract a faltering economy shaken by a paralyzed banking system and steep stock market falls.

On Monday, Pelosi and House Democratic leaders will meet with key economists to discuss a jobs creation and recovery plan that will complement the recently passed $700 billion rescue legislation for financial institutions. Participants will include former U.S. Treasury Secretary Larry Summers, former Securities and Exchange Commission chairman Arthur Levitt and former Federal Reserve vice chairman Alice Rivlin.

The Congress earlier this year passed a $152 billion stimulus package that provided tax rebates of up to $600 per adult to support consumer spending at a time of rising energy and food costs.

Most of that money has already been spent, and many economists say financial turmoil will squeeze the economy into recession in the fourth quarter.

Article Continues @ Sourced Site.

SF Mayor: “Demand a New Green Economy”

Courtesy Triple Pundit

A post by San Francisco Mayor Gavin Newsom: At this vital juncture in our country’s history, it’s clear that we must take climate change seriously. America is spending more than $200,000 per minute on foreign oil — $13 million per hour. More than $25 billion a year goes for Persian Gulf imports alone. Our dependence upon oil, especially foreign oil, affects not only our economy but our national security.

We must take real steps to end our reliance on foreign oil. At last night’s presidential debate, I was pleased to hear Senator Obama say that energy independence will be the number one priority of his administration.

We must follow words with action.

In San Francisco, we are establishing this new green economy while reducing our dependence on foreign oil, slashing the amount of greenhouse gases being released into the environment, and creating new green collar jobs.

Last week, I announced that applications for new solar installations in San Francisco have nearly quadrupled since the city’s groundbreaking solar rebate program, GoSolarSF launched in July. Ten workers have been hired to date and we expect the number to triple in the next month. With dedicated support from the next presidential administration this new green economy will take off.

Article Continues @ Sourced Site.

‡Related Article: The Green Index: Growth in the Green Economy.

‡CleanBeta

Some state unemployment funds drying up

(CNN) — The demand for unemployment benefits across the country has put a strain on state unemployment funds, with such funds in at least 10 states facing insolvency in 2009, according to a policy group

Nationwide, unemployment reached 6.1 percent, or roughly 9.1 million people, in August, up from 4.7 percent in 2007, and is expected to continue rising. The U.S. Department of Labor said that in August, claims for unemployment benefits reached their highest levels since 2001, in large part because of hurricane activity on the Gulf Coast.

With a weekly average of 474,000 new applicants in August, in a system already looking after about 3.5 million people each week, the growing rate of recipients has nearly depleted unemployment funds in several states.

“There are some real serious problems with unemployment funding that need to be addressed,” said Andrew Stettner, deputy director of the National Employment Law Project, a policy group that advocates on behalf of unemployed and low-wage workers.

The group, which tracks legislation and activity related to state and federal unemployment benefits, says that California, Michigan, Missouri, New York, Ohio, South Carolina, Wisconsin, Indiana, Kentucky and Arkansas have less than six months’ worth of unemployment trust fund reserves, putting the funds at high risk of insolvency.

Article Continues @ Sourced Site.

Credit markets to Washington: Bailout isn’t enough

NEW YORK (AP) — The credit markets finally got a bailout bill, but the stranglehold hasn’t let up — a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.

The credit markets, where companies go to get cash loans, have seized up since the bankruptcy of Lehman Brothers Holdings Inc. and in anticipation of the $700 billion plan initially voted down by the House. The House passed a revised version of it Friday following the Senate’s approval earlier this week, but anxiety about its effectiveness kept demand for Treasury bills high and nearly nonexistent for other types of debt.

Overall, market participants have begun regarding the rescue plan as a medicine for what’s ailing the financial system, but not a cure-all.

“At best, we can hope that it stems some of the more intense risk from the credit crisis. It prevents things from spiraling out of hand here,” said JPMorgan Chase economist Michael Feroli.

Some are worried, though, that the plan will not work at all.

“Nobody knows how it’s going to succeed,” said Howard Simons, strategist with Bianco Research in Chicago. “It seems the American public had better sense than Wall Street and Washington — the American public said, don’t throw good money after bad.”

The Treasury will buy banks’ risky mortgage-backed assets in an effort to alleviate investors’ worries about the institutions’ solvency and free them up to do more lending. Even if those efforts succeed, the effects will be far from instantaneous, and borrowing could remain very expensive for some time. With the economy in such a weak state, lending to consumers and businesses will still appear risky until certain factors — particularly employment and the housing market — improve.

The Labor Department said employers cut payrolls by 159,000 in September, the largest loss in more than five years, while unemployment remained at 6.1 percent.

Layoffs are likely to keep piling up if it remains tough to find credit. Spectrum Yarns Inc., a North Carolina textile company, said it closed two plants and laid off 200 workers this week because it got turned down by a North Carolina bank, a New York finance company, and several private lenders.

Article Continues @ Sourced Site.




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