http://www.nationofchange.org/news/2016/05/22/bernie-sanders-fights-austerity-impoverished-puerto-ricans/
“We need austerity for billionaire Wall Street hedge fund managers who have exacerbated the financial crisis in Puerto Rico,” Sanders asserted. “We don’t need more austerity for children in Puerto Rico who are going hungry.”
Roughly one month before the U.S. entered World War I on April 6, 1917, President Woodrow Wilson signed the Jones-Shafroth Act which granted U.S. citizenship to the people of Puerto Rico. After passing the Selective Service Act of 1917, Congress was able to impose mandatory conscription into the U.S. military on Puerto Ricans just as the U.S. entered the Great War.
“Today, I am proud to stand in strong opposition to this bill not only with the people of Puerto Rico, but the AFL-CIO, UAW, SEIU, AFSCME, UFCW and other unions that recognize just how bad this bill would be,” Sanders announced on Friday. “We must stop treating Puerto Rico like a colony and start treating the American citizens of Puerto Rico with the respect and dignity that they deserve.”
Robert Reich: Nobody Wins When Corporations Stockpile Money
http://readersupportednews.org/opinion2/277-75/37019-nobody-wins-when-corporations-stockpile-money
Next time you hear that corporations need a tax cut, know the claim is baloney. According to a new report from Moody’s Investors Service, big American corporations are sitting on the largest pile of cash in history – over $1.73 trillion. What are they doing with it? Not investing it in new plant and equipment, not using it for research and development of new products, not distributing it to shareholders, and not sharing it with employees. They’re just stockpiling it – mostly abroad, to avoid paying U.S. taxes on it.
No one benefits from this. Stockpiling cash isn’t even helping shareholders. Apple, for example, is sitting on more cash than any other company but Apple shareholders have lost $240 billion in paper profits since its stock peaked.
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