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Tag: Planned Parenthood

Wall Street Suffers “Hard Times”

Wall Street Suffers “Hard Times”

A few weeks ago there was a controversy over grants given to Planned Parenthood by the Susan Komen foundation. The vice president confronted by complaints that poor women would lose their access to health care responded dramatically –

Karen Handel, a former GOP candidate who ran on a pro-life platform, shows her true colors. She just happens to be Susan G. Komen’s Vice President of Public Policy now. “Just like a pro-abortion group to turn a cancer orgs decision into a political bomb to throw. Cry me a freaking river”

Disdain for poor women and their need for medical currently fashionable among some groups of Americans. There is a suspicion in some quarters that the top 1% find paying for social services an unwelcome burden.

Now, of course this behavior is contrary to the Greek concept of virtue ethics, modern Protestant business ethics and Catholic social doctrine. However a proportion of the the 1% are getting their comeuppance. It is a small comeuppance but nevertheless, any comeuppance is better than none.

Please read this excerpt –

Wall Street’s Average Cash Bonus Expected To Fall To $121,000

Wall Street cash bonuses for 2011 are expected to drop 14 percent and profits are expected to drop by half for the second year in a row, according to a forecast Wednesday by New York state Comptroller Thomas DiNapoli.

That would result in cash bonuses of $19.7 billion. Profits are expected to be less than $13.5 billion in 2011, compared to $27.6 billion in 2010.

The average cash bonus is expected to be $121,150 for 2011, down from $138,940 in 2010. Bonuses peaked before the recession in 2006 at $191,360.

Wall Street’s Average Cash Bonus Expected To Fall To $121,000

You read it right. Wall Street bonuses will only be $13.5 billion dollars. It’s a trifle, a small amount of money. Of course, it would pay for all the college tuition in the United States for the next year and still have a couple of billion walking around money left. But like I said that’s just a smidgeon on Wall Street.

You probably noticed that the average payout on Wall Street will be $121,000.

Let’s see what is said about this –

The average cash bonus is expected to be $121,150 for 2011, down from $138,940 in 2010. Bonuses peaked before the recession in 2006 at $191,360.

DiNapoli said the forecast for this bonus season shows continued hard times on Wall Street two years after the recession officially ended. The securities industry lost 28,000 jobs, including 9,600 that had been briefly recovered before the slide began in April.

“Continued hard times!” Wow! $121,150 is almost three times the average salary in the United Stand and these people also draw a regular salary. Average salary at Goldman Sachs is $367,057. But we know they’re suffering. 

Well to quote the former vice president of the Susan Komen Foundation, “Cry me a freakin river!”

James Pilant

Here is my take on the 1% with a little help from Garfunkel and Oates.

Save the Rich

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More Evidence that the Susan G. Komen’s Decision to Cut Off Planned Parenthood was Political

I have written recently that I believed that the decision to defund Planned Parenthood was motivated by politics. It appears that my belief in the politicalization of the Susan G. Komen Foundation’s grant giving is well justified. Read this from Jeffrey Goldberg writing for The Atlantic.

Top Susan G. Komen Official Resigned Over Planned Parenthood Cave-In – Jeffrey Goldberg – Health – The Atlantic

But three sources with direct knowledge of the Komen decision-making process told me that the rule was adopted in order to create an excuse to cut off Planned Parenthood. (Komen gives out grants to roughly 2,000 organizations, and the new “no investigations” rule applies to only one so far.) The decision to create a rule that would cut funding to Planned Parenthood, according to these sources, was driven by the organization’s new senior vice president for public policy, Karen Handel, a former gubernatorial candidate from Georgia who is staunchly anti-abortion and who has said that since she is “pro-life, I do not support the mission of Planned Parenthood.” (The Komen grants to Planned Parenthood did not pay for abortion or contraception services, only cancer detection, according to all parties involved.) I’ve tried to reach Handel for comment, and will update this post if I speak with her.

Top Susan G. Komen Official Resigned Over Planned Parenthood Cave-In – Jeffrey Goldberg – Health – The Atlantic

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Komen Backs Off and We’re Supposed to Forgive and Forget?

English: Prevention Park, is the largest Plann...

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Komen Apologizes; Pledges To Continue Planned Parenthood Grants | Crooks and Liars

Our original desire was to fulfill our fiduciary duty to our donors by not funding grant applications made by organizations under investigation. We will amend the criteria to make clear that disqualifying investigations must be criminal and conclusive in nature and not political. That is what is right and fair.

Komen Apologizes; Pledges To Continue Planned Parenthood Grants | Crooks and Liars

Wow, I should be impressed except I’m not.

The organization has already provided solid evidence that women’s health is not their first concern. They have only reversed their decision based on politics. And be clear, they backed down on this particular issue but it is only a temporary setback for their anti-Planned Parenthood stance and their move toward anti-abortion politics.

Think of all the different ways through other grants and political pressure that they can influence the future of women’s health in this country and in the world. They gave up on this point under political pressure but can it be more obvious what the future stance of the organization is going to be? This is not victory for women’s health or a defeat for their organization. It is a truce to allow them to regroup and fight another day.

I want you to read the brief excerpt above. Notice the phrase “disqualifying investigations must be criminal and conclusive in nature and not political.” I can drive an ocean liner through that exception. How many district attorneys are there in the United States – just a few thousand? So, all we to do to disqualify Planned Parenthood again is to have one of these district attorney conduct a “criminal” investigation. Now you might object that doesn’t consider the word, “conclusive,” which of course means a conviction. Except that it doesn’t. If they had wanted a conviction to be necessary to disqualify an organization, they would have used that word. I’ll tell you what the word, conclusive means in that sentence – anything they want it to.

From now on they will act to defund Planned Parenthood and services to poor women and we know they will because they have already by their actions demonstrated their intent. If they intended to really reverse the policy decisions of the last few days, there would be firings and changes in personnel at the top of the organization. Do you see any?

One of the most disturbing elements of this whole affair is how stupid the Susan G. Komen Foundation leadership believes the public are. They cut off Planned Parenthood on the most spurious of grounds (a Congressional investigation) against a background of Republican donations and the hiring of a stalwart in the anti-abortion movement. Then they tell us it was non-political. Look at the phrasing of their press release . They claim they were only fulfilling their “fiduciary” duty by cutting off the organization. First, I think they used the word merely because it was multisyllabic and sounded legal. Second, I have to wonder if it was their fiduciary duty to cut off Planned Parenthood what happened between yesterday and today that nullified that duty? Fiduciary responsibilities are not optional, they are binding.

I still believe that giving money to the Susan G. Komen Foundation is a questionable decision based on the events of the last few days. I believe if you look at the evidence you will come to the same conclusion.

James Pilant

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Cry Me A Freaking River! Says Karen Handel

Daily Kos: Komen Foundation official deletes evidence of anti-choice bias from Twitter

The Susan G. Komen Foundation, and its senior vice president of public policy, Karen Handel, who is “staunchly and unequivocally pro-life,” have been getting beat up pretty bad for the blatantly political decision to stop funding cancer screen and prevention at Planned Parenthood.

It appears that yesterday, Handel signed on to the “cry me a freaking river” sentiment on Twitter that anti-choicers are gleefully expressing because nothing makes them happier than women dying of cancer if it means sticking it to the nation’s biggest provider of health care to women.

Daily Kos: Komen Foundation official deletes evidence of anti-choice bias from Twitter

Here’s the tweet –

tweet

Apparently cutting women off from health care shouldn’t evoke emotions. I disagree. The tragedy of underserved populations unable to get breast exams and other care is a tragedy.

Since the organization has serious qualms about actually pursuing it goals of preventing breast cancer, it is only logical that giving to the organization is a poor move if that is your concern.

I further suggest that wearing a pink ribbon is a sign of support for an organization that has lost its way, and lacks the courage to act in support of women’s rights.

Perhaps, a different color ribbon signifying actual committment?

James Pilant

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Stop Giving to the Susan G. Komen Foundation!

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Since the Foundation canceled a grant program of $700,000 a year specifically designed to pay for underserved populations breast exams, we can only assume they have decided that political action against Planned Parenthood is much more important than fighting breast cancer. Since the organization has now defunded thousands of breast exams for poor women, we can only assume that they have only a limited interest in fighting disease.

Join the Facebook Group to De-Fund SGKF

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