Category Archives: Capitalism

Takeover

May 2, 2017 – Sen. Dianne Feinstein recently told her constituents at a San Francisco town hall event that she’s not ready to support a single-payer health care system — an idea that has been gaining steam at the state level in California.

“If single-payer health care is going to mean complete takeover by the government of all health care,” the California Democrat said, “I am not there.”

A week later, Feinstein was even further from there, benefitting from a fundraising event at the Washington, D.C., office of Avenue Solutions, a lobbying firm that represents major health insurers, pharmaceutical companies and the primary trade association for doctors. The industries have historically opposed efforts to create a universal, government-run health care system — an idea supported by 58 percent of U.S. adults. Feinstein supporters at the event were expected to kick in $1,000 to $5,000 for her re-election bid.

A Feinstein spokesperson did not respond to MapLight’s request for comment.

http://maplight.org/content/dianne-feinstein-raising-money-from-health-care-lobbyists-after-dismissing-single-payer

Less Than

In a recent survey, 56 percent of Americans said they have less than $1,000 in their checking and savings accounts combined, Forbes reports. Nearly a quarter (24.8 percent) have less than $100 to their name. Meanwhile, 38 percent said they would pay less than their full credit card balance this month, and 11 percent said they would make the minimum payment—meaning they would likely be mired in debt for years and pay more in interest than they originally borrowed. It paints a daunting picture of the average American coming out of the spend-heavy holiday season: steeped in credit card debt, living paycheck-to-paycheck, at serious risk of financial ruin if the slightest thing goes wrong.

http://www.esquire.com/news-politics/news/a41147/half-of-americans-less-than-1000/

Commodity OED (415)

commodity, n.

Etymology: < French commodité (15th cent. in Littré), < Latin commoditāt-em due measure, fitness, convenience, complaisance, < commodus : see commode adj. The concrete senses appear to have arisen in the modern languages.

†1.

†c. Advantage, benefit, profit, interest: often in the sense of private or selfish interest. Obs.

a1566   R. Edwards Damon & Pithias (1571) sig. Civv,   I wyll vse his friendship to myne owne commodytie.

1621   R. Burton Anat. Melancholy i. ii. iii. xv. 183   Commodity is the steer of all their actions.

1655   T. Fuller Church-hist. Brit. iv. 136   His atchievements in France, were more for the credit, then commodity..of England.

1679   W. Penn Addr. Protestants ii. sig. X,   Those kind of men, do regard nothing but their own Commodity.

1836   R. W. Emerson Commodity in Nature in Wks. (1906) II. 143   Under the general name of commodity, I rank all those advantages which our senses owe to nature.

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