China and Its U.S. Wind Farm Partner Promise More American Jobs
After a public outcry over China’s plan to seek $450 million in economic recovery funds to build a wind farm in Texas that would create only 30 U.S. jobs, the companies involved are now promising to put more Americans to work.
USA Today reports the companies—a U.S. private equity firm and a Chinese turbine maker—also will build a plant in the United States that will make wind turbines while employing 1,000 people. The companies did not indicate the timeframe for building the plant, which would be one of the biggest in the nation for wind turbines.
Bob Baugh, executive director of the AFL-CIO Industrial Union Council, says:
It’s a start, but it just shows how far we have to go [to catch up in the production of wind turbines and other clean-energy products.]
Health Insurance Profits Soar as Industry Mergers Create Near-Monopoly
Profits at 10 of the country’s largest publicly traded health insurance companies rose 428 percent from 2000 to 2007, while consumers paid more for less coverage. One of the major reasons, according to a new study, is the growing lack of competition in the private health insurance industry that has led to near monopoly conditions in many markets.
The report says such conditions warrant a Justice Department investigation and, says Sen. Charles Schumer (D-N.Y.), provide compelling evidence of the need for a public health insurance plan option as part of the health care reform initiative President Obama and Congress are developing.
Schumer says the report from Health Care for America Now! (HCAN)
is the starkest evidence yet that the private health care insurance market is in bad need of some healthy competition. A public health insurance option is critical to ensure the greatest amount of choice possible for consumers.
Senate-Passed Recovery Bill Would Create Jobs; Republicans Bent on Killing It
The Senate this afternoon approved (61-37) an $838 billion economic recovery package that reflects much of what President Obama sought in legislation to get the nation’s economy moving again. But it eliminates more than $40 billion in aid to fiscally strapped states and other job-creating provisions that are part of the House-passed version of the bill.
The Senate bill is somewhat of a compromise to win the votes of three moderate Republicans—Arlen Specter (Penn.), Susan Collins (Maine) and Olympia Snowe (Maine)—and prevent a filibuster by Republican leaders. The filibuster threat was turned back last night.
The bill now goes to a House-Senate conference, where House leaders say they will attempt to focus on restoring the jobs provisions, while maintaining 61-vote filibuster-proof support in the Senate.
