Daily Digest

Image by Muffet, Flickr Creative Commons

Daily Digest 12/23 - The War Against Too Much Of Everything, 'Dairy Cliff' May Double Milk Prices

Sunday, December 23, 2012, 1:18 PM
,

Economy

The War Against Too Much of Everything (jdargis)

Adbusters gave Occupy its name and opening date and designed the poster with Occupy’s defining image: an elegant ballerina perched atop Wall Street’s raging bull while gas-masked figures loomed in the background. The poster contained this text: “What Is Our One Demand? #OccupyWallStreet. Sept. 17th. Bring Tent.” A digital version went viral.

In Taxes, Guns and Cabinet, Gridlock Grips the Capital (jdargis)

Across town, democracy was, at best, showing its gritty side as it ground along angrily, noisily and slowly: A weary Speaker John A. Boehner admitted failure in his efforts to avert a fiscal crisis with a bill to increase taxes on millionaires but asserted that his job was not at risk; a top National Rifle Association official bluntly challenged Congress to embrace guns at schools, not control them; and Mr. Obama bowed to the reality that Republicans had blocked his first choice to be the next secretary of state.

How Party of Budget Restraint Shifted to ‘No New Taxes,’ Ever (jdargis)

When conservatives sank Speaker John A. Boehner’s plan last week to acquiesce on tax increases for the most affluent Americans as part of a potential broader deal with the Obama administration to avert tax increases for everyone else, several said that 1990 accord was a reason. They regard Mr. Bush’s broken promise as a major reason he was not re-elected, and they say the budget agreement proved that such compromises do not restrain the growth of government.

For Poor, Leap to College Often Ends in a Hard Fall (jdargis)

“It felt like we were taking off, from one life to another,” Melissa said. “It felt like, ‘Here we go!’ ”

Four years later, their story seems less like a tribute to upward mobility than a study of obstacles in an age of soaring economic inequality. Not one of them has a four-year degree. Only one is still studying full time, and two have crushing debts. Angelica, who left Emory owing more than $60,000, is a clerk in a Galveston furniture store.

Environment

'Dairy cliff': Milk prices may double in New Year (adam)

It works like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. The current agriculture bill has a formula that means the government steps in if the price of milk were to drop by roughly half from its current national average of about $3.65 a gallon.

Problem is, the current bill expired last summer, and Congress had been unable to agree on a new one. Several protections for farmers have already expired, and several more are set to do so over the next few months. One of them is the dairy subsidy, which expires January 1.

On Ravaged Coastline, It’s Rebuild Deliberately vs. Rebuild Now (jdargis)

In New York City, property owners seeking to rebound from the storm will have to feel their way through a wilderness of new flood maps, revamped building codes and land-use ordinances, along with a host of other measures addressing the specific needs of storm-battered communities — all of which have yet to be hammered out and adopted.

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

Login or Register to post comments