Girl power?

Updated: Friday, October 25, 2013
Girl power? story image
KALAMAZOO, Mich. (NEWSCHANNEL 3) - Our Congress avoided economic calamity on Wednesday by passing a last-minute, Senate-led bill to restore government funding.

The trouble is that it's only good for 90 days--through January 15th--and then we get round 2.

The same problems, the same acrimony, and the same people.

Tonight in Tom's Corner, Tom Van Howe says he has a solution, and it's been right under our noses all the while.

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That's right. It's time to turns the reins of our government over to women. The men in suits have failed us.

In recent days, weeks and months, the only people in Washington who seem to understand what's going on are women.

Just two weeks ago, Republican Senator Susan Collins of Maine took the podium on the Senate floor and told her colleagues to "stop fighting and start legislating."

The suits didn't hear her. But two of her colleagues did. And suddenly there was a group of three: Collins, Republican Senator Kelly Ayotte of New Hampshire, and Democratic Senator Lisa Murkowski of Alaska.

"As just one person," Murkowski said, "you don't get anywhere. We cannot work individually and expect to accomplish the work that is needed. We've got to be working together."

Three women—two Republicans and a Democrat, standing firm in the face of obstructionists who were perfectly willing to let the world slide into economic chaos by allowing this nation go into default; perfectly willing to ignore their own  constitutional obligation to pay the nation's  bills. On time.

After a few days, the group of three became the group of six, then eight, now ten, and growing.

Compare the words of Senate Budget Chairman Patty Murray, a Democrat from Washington with those of Congressman John C. Fleming of Louisiana, one of the 144 house members to vote "no" on yesterday's bill to end the government shutdown.

Here what Murray said:

"My hope is that in the weeks and months ahead, we can heal many of the partisan divides that keep us from addressing the big challenges we face, including returning our focus to creating jobs and improving our economy."

And from Fleming? "See," he said with a grin. "We're going to start this all over again."

It makes me cringe.

Are there problems in our government? Yes. All over the place. Are there problems with the Affordable Care Act?

Are you kidding?  For starters, they had 3 1/2 years to develop a multi-billion dollar computer system to help people make choices and sign up for healthcare.

And they did a terrible job of it.

Did anyone of them think of getting advice from the people at, say,  Facebook? But Obamacare is the law, so let's fix it!

But to shut down our country instead? The shutdown that ended last night cost our government an estimated $24 billion.

Imagine that. How many band-aids, runny noses, and broken arms would that have paid for?

But these sneering, idealistically-driven men in suits don't care.

But the women in Washington do.

Freshman Massachusetts Senator Elizabeth Warren:

"In our democracy, government is just how we describe all of the things that 'we the people' have already decided to do together. We are not a country of anarchists. We are not a country of pessimists and ideologues whose motto is 'I've got mine, the rest of you are on your own.'”

Take a look around. The head of the International Monetary Fund is Christine Lagard, of France.

"I hope," she said yesterday, "that in a few weeks time we will look back and say 'what a waste of time that was.'"

I doubt the angry men in suits heard her.

The most successful country in Europe is run by a woman, German Chancellor Angela Merkel.

She's admired and respected all over the continent.

Hourly pay in Germany has gone up 30 percent since 1985. In the United States, it's up only six percent.

Iceland collapsed in the wake of Lehman Brothers. Now it's a country whose banks, funds, and government are run largely by women and is doing quite nicely.

In this country there's a quiet but dramatically exciting movement afoot.

And it's a movement led by women who are weary of our political system being run by frightened men who seem to have no concept anymore of  what's right for their country.

As Elizabeth Warren put it: "We are not that nation. We have never been that nation. And we never will be that nation."

More power to her. More power to them. It's time.

In this corner...I'm Tom Van Howe.

Business News

Last Update on August 28, 2015 17:24 GMT

FED-RATES

WASHINGTON (AP) -- Federal Reserve Vice Chairman Stanley Fischer says that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September.

Fischer says that before the recent turbulence in financial markets, there was a "pretty strong case" for starting to hike rates in September. But he adds that the Fed is watching how events unfold following the surprise announcement by the Chinese that they plan to devalue their currency.

Fischer says that central bank officials have not made a decision yet on whether to raise rates but would be closely following data such as next week's jobs report and market moves before the Sept. 16-17 meeting.

Fischer said the plan is still to move rates up very slowly and gradually.

CONSUMER SPENDING

WASHINGTON (AP) -- U.S. consumers increased their spending by a moderate amount in July, while income growth was propelled by the largest jump in wages and salaries in eight months.

The Commerce Department says spending rose 0.3 percent in July, helped by a big jump in purchases of big-ticket items such as cars. June's result was revised up to a matching 0.3 percent gain.

Incomes increased 0.4 percent. The key category of wages and salaries rose 0.5 percent, the biggest advance since last November.

The report indicates that consumer spending, which accounts for 70 percent of economic activity, got off to a good start in the third quarter. Economists believe the economy will be fueled in the second half of this year by solid income and spending gains.

CONSUMER SENTIMENT

WASHINGTON (AP) -- Plummeting stock prices have taken a toll on U.S. consumer confidence, though there are signs the setback may be temporary.

The University of Michigan says its consumer sentiment index fell to 91.9 this month from 93.1 in July. The index is still up 11.4 percent from a year ago.

The figures provide an early read of the impact on consumers from the 1,900 point drop in the Dow Jones industrial average over six days through Tuesday. Stock prices have since recovered some of those losses.

The University of Michigan surveys consumers throughout the month and so some of the responses were tallied as the stock market plunged.

Even so, the survey also found that Americans remain confident about the U.S. economy and their personal finances.

FACEBOOK-ONE BILLION A DAY

NEW YORK (AP) -- You, your mom, your grandma and elementary school buddy Lawrence might have been some of the billion people who logged in to Facebook on Monday -- the first time that has happened in a single day. That's right, one billion people, or one-seventh of the Earth's population.

It was a big symbolic milestone for the world's biggest online social network, which boasts nearly 1.5 billion users who log in at least once a month. CEO Mark Zuckerberg marked the occasion with a Facebook post.

Most of the billion people who logged in on Monday were outside the U.S. and Canada. Of Facebook's overall users, more than 83 percent come from other countries. This is also where Facebook's next billions of users will likely come from as it grows.

CHEATING WEBSITE-CEO

NEW YORK (AP) -- The CEO of adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members.

Avid Life Media Inc., Ashley Madison's parent company, says Noel Biderman's departure was a mutual decision and in the best interest of the company.

Hackers originally breached Avid Life's systems in July and then posted the information online a month later after the company didn't comply with their demands to shut down.

Ashley Madison, whose slogan is "Life is short. Have an affair," purports to have nearly 40 million members.

GOP 2016-TRUMP-TAXES

WASHINGTON (AP) -- Republican presidential candidate Donald Trump is promising to offer a plan within a month to overhaul the tax system, calling himself "king of the tax code."

He's been hinting at such a plan recently, saying that wealthy Americans should pay more.

In a phone-in interview Friday on MSNBC's "Morning Joe" show, Trump says, "I know the hedge fund guys. ... These guys don't really build anything. They shuffle papers back and forth."

Trump says he'll unveil a plan to simplify the tax code and eliminate some deductions, asserting "nobody knows the tax code better than I do."

Trump says hedge fund managers are big supporters of Democrat Hillary Rodham Clinton and GOP rival Jeb Bush and adds, "I will have a plan."

He says hedge fund managers won't be happy.

PENTAGON-TECHNOLOGY

NEWPORT BEACH, Calif. (AP) -- Defense Secretary Ash Carter is announcing that the Pentagon will fund a new venture to develop cutting-edge electronics and sensors that can flex and stretch and could be built into clothing or the skins of ships and aircraft.

The high-tech investment could lead to wearable health monitors that could be built into military uniforms or used to assist the elderly. Or it could foster thin, bendable sensors that could be tucked into cracks or crevices on weapons, ships or bridges where bulky wiring could never fit. The sensors could telegraph structural problems or trigger repair alerts.

Carter plans to lay out the details for the newly created high-tech innovation institute in a speech Friday in California's Silicon Valley.

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