What are your guys' thoughts on A People's History of the United States? I'm about halfway through with it and loving it. I'm not sure I completely agree with Zinn's interpretation of Lincoln and the Civil War but other than that it's incredibly refreshing. Should be required reading in American history classes.
I got it a while ago, it's a nice read. I'm only up to the ninth or tenth chapter, but I did "cheat" and read the last two. The moment where I hit that ten page or so mark, and read the pages regarding his stance on historical portrayal and the intent of the historian, that was very refreshing, considering the largely whitewashed curriculum I remember getting in school. It was better to get the political nature of being a historian out in the open and avoid the pretense of pure objectivity (and I feel that People's History is given validity especially contra to the whitewashing in teaching, which IIRC it was explicitly designed to do), but having just come form a small feminist book that touched on the sometimes political nature of academe, it wasn't a total shock.
I do wish he gave a little more text to the Boston Tea Party, but other than that, I'm happy. A bounty of accompanying sources for each chapter, too.
I figured this would be the best place to ask this so...
Ever since I've come up to college for this semester I've been totally out of the loop in terms of politics and news. Like, not only do I seem to stay uninformed but I find it hard to get motivated and look this stuff up. It's really bizarre because when I'm back at home I spend a lot of time reading about politics and take a large interest in it, getting in a lot of discussions with my dad. Anyone else ever experience something like this? Any advice?
Sounds like different activity levels, possibly a lack of someone to regularly discuss with. Maybe you are quite committed in school or hang out a lot. When I was in college the pattern for me was similar to you; it was harder to keep up on the news because I'd be goofing off or hanging out, working, and etc. etc., and when I ended up back home it'd be easier for me to read. Especially since where I'm from is a little sleepier than where I went to school.
I loved scheduling. I checked the news in the morning even if only for a bit, and sometimes at night. I'd try to remember some of what I'd read in the morning throughout the day. If you know anyone else who is interested in politics and the news hang out with them--sometimes I'd learn something by talking to them or checking out the weekly debate halls. This is great if they cover a blind spot of yours interest-wise, but even if they don't it's good just to bounce opinions off of the same topic. Keep in mind I had a moderate interest in politics at the time though.
So consider:
1) setting aside time and making habits of it (I often reserved Sundays for checking out longer pieces of literature/videos, besides my checking up in the morning)
2) meeting other people/going to places where they congregate or issues are discussed
3) stopping by the library cafe every so often where CNN or something is playing, just to see if something develops
4) perhaps you may want to consider podcasts if you're very on-the-go. I don't listen to podcasts at all but I know others have posted here about good podcasts to check out
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This is a little old, but I'll be watching to see how this unfolds:
Gayle McLaughlin, mayor of Richmond, California, plan to use eminent domain to seize underwater mortgages and aid homeowners with a special plan
McLaughlin, a member of the leftist Green Party, is leading a novel effort by the city to buy 624 underwater mortgages in Richmond, pay the investor-owners some of what they're owed and set the homeowner up with a new mortgage closer to the home's current value.
If investors don't sell, the city says it may use its eminent domain powers to seize the mortgages at fair market value.
The idea is to prevent foreclosures, which cause blight, and help homeowners still stuck with mortgage loans far greater than their home's value, McLaughlin says.
Richmond, a city of 105,000 that is 70% minority, was hit hard in the housing bust.
Home values tanked 66% from their peak in 2006 to a median of $156,000 at the end of 2011, Zillow data show. That's led to thousands of foreclosures and millions of dollars in lost property tax revenue, McLaughlin says. Home prices have climbed back to a median of $218,000, but four of 10 mortgaged homes are still underwater.
Many of those are at risk of foreclosure, McLaughlin says. Last month, she marched with other protesters to Wells Fargo's headquarters in San Francisco in support of the plan.
Here's how the plan would work. Assume a house has a $300,000 mortgage. The city might argue its current value is only $160,000. If a judge agreed, the city would use funds from investment firm Mortgage Resolution Partners to buy the loan. The homeowner would refinance into a new loan, perhaps for $190,000. Those funds would pay off the city. The $30,000 difference between what the city paid, and what it got, would be split among MRP, its investors and the city.
The plan's implementation is far from certain.
After an eight-hour city council meeting earlier this month, the council narrowly approved McLaughlin's proposal to take the next step with the plan and try draw in more cities. The council will have to vote again to actually seize loans and get a "yes" vote from one of the members who voted "no" at the last meeting.
If the city seizes a loan, "There would be an immediate court challenge," Deutsch says. What's more, if sellers aren't willing to sell, the courts would have to determine fair pricing for the mortgages.
Investors already filed suit against the plan once. A federal judge said the claims were not yet "ripe" because Richmond hadn't actually done anything yet.
A handful of other cities are considering the same strategy as Richmond's, but it's taken the idea the furthest, says Cornell University law professor Robert Hockett, a chief proponent.
"You don't bite the hand that feeds you. … You sit down with them," says Richmond City Councilman Nathaniel Bates, a frequent McLaughlin opponent. He says Chevron is working hard to modernize a 111-year-old plant that predates the city.
The use of eminent domain won't hurt Wall Street as much as it'll hurt Richmond, Bates says.
He fears that investors won't buy Richmond's bonds if the city proceeds. Richmond may have gotten such a warning shot last month when it failed to find takers for a $34 million bond offering.
The city also isn't offering enough for the mortgages, Deutsch says.
For the 624 home loans, Richmond offered a "fair market value" that averages 52% of what's owed, shows an analysis by independent consulting firm PF2 Securities Evaluations. Of the loans, 444 of them are current. The median balance owed is about $380,000.
It seems highly unlikely to pan out as well as she wants, but it's not yet clear to me why one shouldn't root for her. I wonder how severe the consequences of people not buying municipal bonds will be, or how realistic such a scenario is (beyond the one already cited.