Thursday, February 14, 2013

Lawmakers mark Roe v. Wade anniversary

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Republicans and Democrats were tweeting at cross purposes on Tuesday for the 40th anniversary of Roe v. Wade. 

The Supreme Court handed down a decision on the landmark case 40 years ago — on Jan, 22, 1973 — affirming a woman's right by law to have an abortion. But on Twitter, the war over abortion continues along strict party lines. The two sides were not talking to each other about the issue, but neither couched their opinions on the controversial topic.

Democrats are tweeting their commitment to keep fighting against those who would "roll back reproductive healthcare rights," as Rep. Suzanne Bonamici (D-Ore.) put it, while across the aisle, Republicans were tweeting about "millions of innocent lives lost" and reaffirming their commitment to protecting the "sanctity of human life."

Multiple Republicans quoted former President Reagan (R) in their tweets, while several Democrats pointed to a new Wall Street Journal/NBC poll released Monday evening that found 7 in 10 adults oppose overturning the Court's decision. 

Some Republicans:















Some Democrats:















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How Some States Are Rolling Back The Clock To A Time Before Roe v. Wade

Before the 1973 Supreme Court decision that guaranteed women’s right to legal abortion services — a decision that was handed down 40 years ago this Tuesday — reproductive freedom was sharply divided along racial and socioeconomic lines. And as anti-choice politicians slowly chip away at women’s abortion rights at a state level, some areas of the country aren’t too far away from returning women to that era of inequality.

By the early 1970s, about 20 states had passed state laws regarding abortion, and the procedure was legal in a handful of states. If a woman was lucky enough to be born privileged, she had a better chance of having the resources to travel to one of the areas of the country where she could safely obtain an abortion — if not, she was forced to join the estimated 1.2 million women who resorted to illegal abortion each year. And since women of color were more likely to be economically disadvantaged four decades ago, they were also much more likely to turn to illegal abortion procedures than their white counterparts. In the South, black women’s mortality rate from illegal abortions was fourteen times higher than white women’s. In New York City, more than 90 percent of the women who died from illegal abortions were black and Latina.

Today, abortion remains inextricably linked to issues of race and class. Blacks and Latinas have the highest rates of unintended pregnancy and, subsequently, the highest rates of abortions — 40 percent for African-American women and 29 percent for Hispanic women. Forty two percent of the women who have abortions fall below the federal poverty line, partly because poorer women still struggle to access affordable and reliable contraception. And denying women the opportunity to have a legal abortion greatly increases their risk of falling into poverty.

But that doesn’t stop anti-choice lawmakers from attempting to roll back abortion rights state by state, slowly bringing the country back to the time when legal reproductive services varied widely across regions, and ultimately exacerbating racial and economic inequality. According to nationwide abortion data extrapolated by researchers at Yale, allowing states to eliminate access to legal abortion still disproportionately hurts the low-income, non-white women who are forced to struggle — just as they did in the 1950s, 60s, and 70s — to get the resources they need to safely terminate a pregnancy.

In states like Mississippi and North Dakota, where the sole remaining abortion clinics are on the brink of being shut down, GOP lawmakers are threatening to transport women back to a time when reproductive freedom was reserved for the privileged, just as it was before Roe v. Wade. In the 20 states where employers and insurers are permitted to deny women access to affordable contraception by refusing to comply with Obamacare’s birth control provision, low-income women may be left with few preventative options, just as they were before the Supreme Court legalized the use of birth control for unmarried women in 1972. In states across the country, lawmakers hostile to reproductive rights are slowly passing abortion restrictions, shutting down women’s health clinics, targeting abortion providers, and inching the country backwards — erasing some of the progress that Roe made, all while the court’s decision technically still stands.


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11 European Countries Adopted A Financial Transactions Tax, And The U.S. Should Too

11 members of the Eurozone today received the go-ahead to apply a financial transactions tax to trades of stocks and derivatives that occur within their countries. The EU’s tax commissioner called it “a milestone for EU tax policy“:

EU ministers have given the go ahead for 11 eurozone members, including France and Germany, to prepare a new financial transactions tax. [...]

The tax – also known as a Tobin tax after the economist who originally came up with it 40 years ago – is expected to be charged at a rate of 0.1% of the value of any trade in shares or bonds, and 0.01% of any financial derivative contract.

Although the tax is not being adopted by the UK, which already charges its own 0.5% stamp duty on trading in shares, it will nonetheless have to be paid by investors trading on the London Stock Exchange who are based in one of the 11 countries.

The other nine going ahead with the tax are Spain, Portugal, Italy, Belgium, Austria, Slovakia, Slovenia, Greece and Estonia.

As former Labor Secretary Robert Reich tweeted, “Most of Europe will now tax financial transactions, generating billions for hard-pressed budgets. U.S. should do same.” It’s unclear how much revenue Europe will raise, but the European Commission “had previously estimated that such a tax across the 27-nation bloc could yield €57 billion a year,” while “the 11 nations pushing ahead represent about two-thirds of the EU’s economy.”

Here in the U.S., lawmakers have unsuccessfully tried to implement a financial transactions tax in the aftermath of the 2008 financial crisis. The benefits of such a tax are two-fold. First, it would raise billions of dollars to repair a federal budget that expanded in the wake of a recession caused in large part by Wall Street malfeasance, thus making the financial sector repay for the damage it caused. Second, it would slow down some of the high-frequency trading that has exploded in recent years, bringing more stability and safety to financial markets.

Last year, a group of 52 financial executives, including several former heads of mega-banks JP Morgan and Goldman Sachs, endorsed the idea. Forty countries around the world have already embraced a transactions tax.


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Econ 101: January 23, 2013

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.


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Statement by President Obama on Ambassador Ron Kirk’s Announcement to Depart in Late February

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For Immediate Release January 22, 2013 Statement by President Obama on Ambassador Ron Kirk’s Announcement to Depart in Late February

I want to thank Ambassador Kirk for his hard work on behalf of the American people over the past four years. There’s no question Ron delivered results for the American people and for our economy.  From bringing home new trade agreements with Korea, Colombia and Panama and negotiating to open up new markets for American businesses, to cracking down on unfair trade practices around the world, he has been a tremendous advocate for the American worker.  As a former mayor, Ron was relentless in making the case to the American public that a balanced, thoughtful trade policy can contribute to a stronger economic future for America.  I appreciate his service and wish him the best of luck.

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January 21, 2013 10:23 AM ESTThese Four Historians Have Some Thoughts About Today's Inauguration

Doris Kearns Goodwin, Robert Caro, Michael Beschloss, and Douglass Brinkley have written more than a dozen books about American presidents, and they have some thoughts about the 2013 Inauguration.

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