Showing posts with label commerce. Show all posts
Showing posts with label commerce. Show all posts

Friday, October 16, 2009

Justice Anti-Trust Div Weighs in on Health Care Reform



The U.S. Department of Justice has stepped into the battle over health care, giving ammunition to congressional Democrats who want to shake up the health insurance market.

The department made its foray today during a Senate hearing about the federal antitrust exemption that health insurers have enjoyed for more than 60 years. Democrats say a repeal of that exemption would help consumers by allowing the Justice Department to police potentially anti-competitive practices, such as market allocation and bid rigging, that are currently left up to state insurance regulators. And the department suggested today that it generally agrees.

The repeal proposal comes up, in a not-so-subtle way, as some Democrats are trying to persuade the insurance industry to accept a new public insurance plan. “It puts in perspective, for those of us who want a public option, that there has to be competition,” said Sen. Dick Durbin (D-Ill.), the No. 2 Senate Democrat.

The Democrats’ lead witness on the issue: Christine Varney, assistant attorney general for the Antitrust Division. Though the Justice Department hasn’t taken a position on a specific bill about the insurers’ exemption, Varney gave the proposal a boost this morning. “I don’t think that the reasons that were in existence in 1945 are still very viable for this exemption,” she said.

Varney, a former partner at Hogan & Hartson, testified about three decades’ worth of studies that say the exemption is outdated.

Sen. Orrin Hatch (R-Utah) said a repeal of the exemption would lead to smaller and fewer insurers. “I have, as yet, seen little evidence to justify a complete repeal,” he said.

Congress created the antitrust exemption in the McCarran-Ferguson Act of 1945. Insurers say it’s still needed to allow for the sharing of industry data — a point that Varney disputed, saying that data-sharing is frequently legal as long as it meets Justice Department guidelines.

“Repealing the McCarran-Ferguson Act would allow competition to have a greater role in reforming health and medical malpractice insurance markets than would otherwise be the case,” Varney said.

She added that, if Congress gave her the authority to prosecute in the health insurance market, she would still rely on the guidance of state authorities. And, she said, the Justice Department should be able to take into account the “rule of reason” and other flexible standards before acting against a health insurer. Click here (PDF) for a copy of her prepared testimony.

Thursday, June 25, 2009

Citigroup pulls another fast one




In a bid to maintain the title, "Masters of the Universe," Citigroup Inc. is increasing the base salaries of many of its employees - reportedly by as much as 50 percent for some workers - as it raises the stakes in the game of financial chicken with the Obama administration.

Taking a bead on the center stripe of the financial two-lane blacktop, "[t]he Obama administration reacted by pledging to aggressively implement a new law governing compensation at companies like Citigroup that have received billions of dollars in taxpayer-funded bailout support." according to the AP via Yahoo News.

Anybody want to dispute that those banksters aren't indeed the "best and the brightest"?


Saturday, December 29, 2007

New Orleans citizens locked out of city council meeting




Hmmm, this is not good.

With so much going on in the news recently, I missed this the first go-around. It seems that - on top of all their other woes - New Orleans citizens were locked out from a court-ordered city council meeting called to allegedly discuss the demolition of 4,500 housing units by HUD. Protesting citizens who managed to be present inside the council's chambers were tazered and allegedly clubbed by police.

The upshot of the meeting is that the council voted unanimously to raze the housing; apparently, as far as the city council is concerned, the residents can now return to their tents, if they have them.

In closely related news, federal investigators are looking into possible illegal kick-back activity by HUD Secretary Alphonso Jackson and his assistant, Scott Keller, both Republican appointees.


Thursday, October 18, 2007

Hillary laughs and Iran gets bombed





For some time now I have been tracking the developments as this administration pushes for a strike on Iran, if not a full-blown bombing campaign. While real progressives shy away from any expansion of the conflict in the Middle East, it has become increasingly apparent that many leading figures, including, evidently, the entire Senate (with only a couple of exceptions) buy into the notion of some sort of punishing blow on Iran, probably quite soon.

To name but one prominent Senator who recently voted up the Kyl-Lieberman resolution, on Amy Goodman’s recent “Democracy Now!” radio program, Hillary Clinton actually laughed at Senator Mike Gravel when he violently protested her vote on Kyl-Lieberman. This was followed by Seymour Hersh's observation that she was beholden to "Jewish money", by which he meant AIPAC and the rabid pro-Zionists in her New York constituency. What Senator Gravel (and any number of commentators as well) missed was the full extent of his misapprehension – Hillary’s laughter was of a two natured kind: the laugh of the guilty party who has been found out and affects a cavalier attitude, and hysterical relief that Gravel had not revealed her more basic rational, one that Gravel is either not privy to or has not signed on for.

In her heart of hearts, Hillary Clinton is a fervid believer - along with the majority of the Democrats and Republican leadership in Congress - in the US policy of Full Spectrum Dominance in support of corporate transnationalism, aka “globalization.” [See below]

… the "moderates" in the[Bush] administration, as well as the leading Democratic candidates and virtually everyone in the Democratic Party leadership -- have been supporting the threat of war against Iran for years, in large part because they share the illusions of power that go with being the militarily dominant state in the world. [Their] chief illusion is that one can and should use U.S. power to coerce an uncooperative state.

The entire spectrum of political leadership in this country now appears to accept that idea, which is an indication of just how far U.S. military dominance has tilted the policy debate in this country. - Gareth Porter in The Huffington Post (my emphasis)

Key policy makers going back to the Wilson administration have been pushing for total American military hegemony. In this policy - backed by the über-rich for whom these policies were designed - they were joined by the Neoliberal economic cheerleaders (including the Clintons), because it means complete American military, political and economic control of the world and outer space.

Simply put, this policy is most recent revision of the philosophy - first formulated by President Woodrow Wilson - that the United States must carry “democracy” (not to mention American commercial interests) to less enlightened states, by force if necessary.

President Wilson’s vision was one that some political scientists call “moral.” In modern times, this has been transmogrified and revised into what some call transnationalism, or globalization. These policies are not subject to public debate, by the way, but arise from the secret meetings of economic cabals such as the Bilderberg Group and Rockefeller’s only slightly more public Trilateral Commission. These cabals are not composed of darkly evil people looking to be the masterminds behind One World government; they all believe that they are helping to build a more humane, just and economically-flattened transnational world; to Tom Friedmanize the planet, as it were. To a realist’s eye, it’s all hokum, of course; just gussied-up royal prerogative. On the other hand, it bears repeating that J. Paul Bremer, prior to his appointment as governor pro tem of Iraq, was the president of Kissinger Associates, advisors to transnational corporations looking to make a fast buck in Third World countries. Closely associated with the Clintons is Mack McLarty, a Kissinger alum. As Adam Smith might put it, they are all motivated by pure greed.

In this regard, one only has to look at Bill Clinton’s bombing and invasion of Bosnia to confirm that the Clintons are of the same mind on the use of military might in pursuit of foreign policy goals. It’s also worth mentioning that this is one of the core beliefs of the Neoconservatives: the promotion of democracy and Neoliberal economic policy to benighted régimes, regardless of the social or cultural milieu that underlie monarchial, authoritarian, and/or theocratic states such as Iran or even Saudi Arabia.

As for our relations with democratic states whose economic policies aren’t in sync with ours, it is significant that when it was revealed that the Bush administration actively helped plan and finance the military coup that ousted democratically-elected Venezuelan president Hugo Chavez in 2002, Hillary – or any other leading senator for that matter - didn’t utter so much as a squeak.

The whole point is, of course, control of the oil, and with it, the economic destiny of the world.

Additional sources:

1) Francis Fukuyama, The End of History and the Last Man (New York: Free Press, 1992)

2) Simon Reich, What is Globalization? Four Possible Answers (The Helen Kellogg Institute for International Studies, 1998)

3) Stephen Gill, American Hegemony and the Trilateral Commission (Cambridge: Cambridge University Press, 1990)

4) Howard Zinn, The Uses of History (from a broadcast on Democracy Now!, 11/24/06)