By ADRIAN KUZMINSKI • Special to www.AllOTSEGO.com
As the economic insecurity of a large segment of the country continues without relief (debts, taxes, low wages, health costs, education costs, etc.), some big new ideas (like the Green New Deal) are getting attention.
In my last column, I examined one of these big new ideas: the proposal for a universal basic income (UBI) put forth by presidential candidate Andrew Yang, who proposes to give every US citizen over 18 years of age $1,000 a month. He calls it the Freedom Dividend.
Yang argues that automation and robotics are relentlessly eliminating wage-labor jobs, hence the need for a UBI. He may be right. I speculated that a UBI might be paid out of corporate profits, but it turns out that that’s not where the money is.
To see how it can be funded, let’s do some math:
The current adult (18 plus) population of the U.S. is about 250 million people. Giving $12,000/year to each person would cost about $3 trillion. To put that in context, the federal budget is about $4 trillion/year, including $700 billion for the military, while total annual U.S. corporate profit is about $2 trillion/year in an economy of about $21 trillion.
The total net financial assets of American households, according to the Federal Reserve, are much greater than that. They add up to about $70 trillion. What are net financial assets? They include stocks, bonds, funds and other financial instruments. That’s where the money is.
The major asset for most Americans is their home. Net financial assets don’t include your personal property (your home, vehicles, furnishings, art, etc.); nor the debts you owe.
By LIBBY CUDMORE & JIM KEVLIN • Special to www.AllOTSEGO.com
ONEONTA – For SUNY Oneonta’s interim President Dennis Craig, 55, it’s all about how you react to a crisis.
“In tough incidents, sometimes you’re more defined by your response than by the incident itself,” he said, whether cheating, an instance of bias, a suicide, even a murder.
When that happens, “I’m all about transparency and giving people more information, and letting them decide what they need to know,” he said in his first local interview since arriving on campus Thursday, Oct. 15.
SUNY Chancellor Jim Malatras picked Craig to succeed Barbara Jean Morris, who resigned after COVID-19 raged out of control at the local campus, infecting more than 700 students, more than on any campus in the nation.
COOPERSTOWN – For Josh Edmonds, the lot at 10 Chestnut St. represents a chance to solve two problems in the village – adding housing and reducing energy consumption.
“The village needs long-term rentals,” he said. “And I see a need for more energy-efficient construction.”
Edmonds, a passive-house consultant through, Simple Integrity, his contracting company, has proposed a two-story, 12-unit building on the lot at 10 Chestnut St, next to the Inn at Cooperstown.
At the Village Board meeting on Tuesday, May 28, Edmonds revealed details about the proposed project: 12 two-bedroom units, with the six apartments on the first floor designated as handicap-accessible. There will also be 24 parking spaces.
First-In-System Redo Paves Way For 500 Dorms Statewide
ONEONTA – “Net zero.”
That term refers to a building “that generates all its energy onsite, producing as much energy from non-fossil fuels sources at it consumes each year,” SUNY Oneonta’s Lachlain Squair, chief facilities planning and safety officer, said yesterday in announcing 213-room Ford Hall will become the first such building on the local campus.
By JIM KEVLIN & LIBBY CUDMORE • Special to www.AllOTSEGO.com
COOPERSTOWN – Cooperstown, and perhaps Brewery Ommegang, are being reported in the national media as the destination of the limousine that crashed Saturday afternoon in Schoharie County, killing the 18 passengers, plus two people standing nearby.
The New York Times is quoting the aunt of a victim who said the riders in the limousine were heading toward a birthday party at “a Cooperstown brewery.” CNN is reporting the brewery was Ommegang.
However, there are two other breweries in the Cooperstown area, and Eat Drink Cooperstown, the beer-tasting culmination of the fifth annual Cooptoberfest, was also underway that afternoon.
COOPERSTOWN – CVS Healthcare has asked for another 30-day delay – the final one, the company says – to study how much more razing the Cooperstown Motel will cost because of the Aug. 9 fire, according to attorney Martin Tillapaugh, who represents former motelier Al Brien’s estate.
Following the raging fire that extensively damaged the existing building, the original Aug. 19 closing on the five acres at Chestnut and Beaver had been delayed until last Wednesday, Sept. 21, and has now been delayed 30 days until Oct. 21, the lawyer said.
125 Years Ago
When found in the laboratory of his lamp factory in Newark, from which 4,000 lamps a day are now sent out, Thomas Edison said that the commercial phonograph is now the most interesting thing in the world to him. It is perfectly finished, and tools are being made for its manufacture upon a large scale. The stories which Edison tells of what his perfected phonograph will do are so extraordinary that he scarcely expects people to believe him, and yet he says that the apparatus is so simple, so effective, and so immediately useful that he is certain of its rapid introduction into business – far more certain than he was of the universal adoption of the telephone as a business instrument. “My phonograph I expect to see in every business office. The first five hundred will, I hope, be ready for distribution about the end of January. Their operation is simplicity itself and cannot fail. The merchant or clerk who wishes to send a letter has only to set the machine in motion, and to talk in his natural voice and at the usual rate of speed into the receiver. When he has finished, the sheet, or phonograph, as I call it, is ready for putting into the box made on purpose for the mails. We are making the sheets in three sizes – one for letters from 800-1,000 words; another size for 2,000 words; another size for 4,000 words. The receiver of a phonogram will put it into his apparatus, and the message will be given out more clearly, more distinctly, than the best telephone message ever sent.”
80 Years Ago
The imperative necessity to the railroads of a cut in governmental costs and a resulting reduction in the national tax burden which now amounts to $14,500,000,000 billion or about $125 annually for every person in the country is stressed in a statement issued by Frederick E. Williamson, president of the New York Central lines. The 1931 taxes paid by the New York Central were 42.88 percent of the company’s net revenue from railway operations. This year, for the first eight months, tax accruals have risen to 51.63 percent or more than half of the company’s net revenue from railway operations. “Our taxes,” Williamson points out, “have reached a point where they are stifling the purchasing power of the railroads, which normally are the country’s largest single purchaser. As a result, many of the largest industries in the country, that normally employ many thousands, are suffering severely because of our inability and that of other railroads to purchase needed supplies even on a scale commensurate with our reduced traffic.”
60 Years Ago
Advertisement – The Eight Friendly Shopping Services at Bresee’s – The purchase refund event: The drawing on our big Purchase Refund Event takes place every Thursday night at 9:30 p.m. – up to $5,000 refunded on ten sales slips. Parcel Checking – Make shopping more enjoyable by checking your parcels at our checking desk located on the second floor. Ladies Lounge – Ladies, relax while shopping in our newly decorated and comfortable lounge located on the second floor. Health Bar Restaurant – Meet your friends at the famous Health Bar Restaurant – famous for good food and courteous service. Public Address System – We are able to locate anyone at anytime over our Public Address System – also to bring you special announcements. Buy Now, Pay in January – To open a charge account, apply at Bresee’s Credit Office on the second floor. Do your shopping the easy way. Contract Plan – You pay as little as 15 percent down and the unpaid balance in monthly payments up to one year. Lay-Away Plan – You pay a small deposit and we will hold for you any item you wish to purchase.
40 Years Ago
A committee appointed by President Nixon in 1971 to study the state of health education across the country reported its findings Wednesday. The committee’s overall conclusion is that “health education throughout America, especially in non-white areas, is a neglected, underfinanced, unhealthy, fragmented activity” which requires a major overhaul. The investigative committee, staffed with private health professionals, also found that “no agency, in or out of government, is responsible for establishing health education goals.” To remedy the problem, the committee recommends a major new commitment of federal money and a reallocation of current and future funding by federal, state, local and private sources so the money will be spent more wisely.
30 Years Ago
Are the following statements true or false? Teachers tend to discipline boys more harshly than girls. Women are absent from jobs more often than men due to illness. Most young women do not need to plan careers as they will be homemakers. Most high school students feel that boys should pay the expenses on a date. Teachers talk more with girls than they do with boys. These questions are part of a game found in a program kit that examines expanding roles for young people and challenges youth to consider their own outlooks on sex-role stereotyping without pressure to change their minds. The program was pioneered through the Cornell Cooperative Extension.
20 Years Ago
An Elmira high school junior was removed from school after she went to class with packaged condoms decorating her clothing and hair. Thursa Hargrove, 16, said she wore the prophylactics as both a statement for safe sex and fashion. “It was a fashion statement at first, but there are a lot of teenagers out there that are embarrassed about them,” said Hargrove, who is the mother of an 18-month-old son. “People need them and shouldn’t be embarrassed by them,” she said. But officials at Elmira Free Academy, a public school, said the wearing of condoms was distracting to other students.
10 Years Ago
Big industry sank deeper into its slump, with production plunging in October by the largest amount in a year. Production at the nation’s factories, mines and utilities dropped 0.8 percent from the previous month. However, most economists continue to believe the country will avoid falling back into a double-dip recession.
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ONEONTA – Two citizens raised concerns about parking – a third called for “net zero” energy efficiency – when developer Ken Kearney outlined plans for a 64-unit art colony, The Lofts on Dietz, to the city Planning Commission last evening.
“As an artist, the building is an excellent concept, one we should embrace,” said Michael Stolzer, who lives in the Town of Oneonta but owns rental properties in the city. “But parking spaces are valuable. It seems kind of on the absurd side to build it on the parking lot.”
Mayor Gary Herzig saw it another way: “I truly hope we have a real parking problem, because it will mean we’re thriving and our businesses are successful,” he said as the meeting wrapped up.
By JIM KEVLIN & LIBBY CUDMORE • Special to www.AllOTSEGO.com
ONEONTA – With the resignation of Dr. Barbara Jean Morris, new SUNY Oneonta interim president Dennis Craig is ready to hear both the good and the bad about how the campus can recover from the COVID-19 outbreak that infected more than 700 students less than week after classes resumed.
“I want to foster an atmosphere where everyone can speak frankly,” he said. “I want to get a back-and-forth dialogue going about what went wrong. People on this campus did a tremendous amount of work, and I appreciate that.”
Craig’s appointment was announced at a 12:30 p.m. press conference called by SUNY Chancellor Jim Malatras. “SUNY Oneonta is at a critical juncture and Acting President Craig will bring steady, focused, and collaborative leadership to the campus,” said Malatras.
COOPERSTOWN – Bassett Healthcare Network is encouraging people to get rid of unused prescriptions at its three pharmacies during Drug Take Back Week, April 22-27.
The disposal kiosks are available at Bassett, Foxcare and O’Connor pharmacies to help people avoid prescription misuse and help stem addictions tied to over-the-counter or controlled medication. These excess prescriptions can be managed easier with the help of pharmacy software development by SmartexLab or others, the software can enable alerts for expiring medications, as well as if the destruction of any stock needs to be carried out. A deployment of this type of software could decrease medicine waste greatly.
COOPERSTOWN – By a 6-1 vote, the Village Board a few minute ago approved a special permit for CVS’ drive-thru pharmacy, but with at least a dozen conditions, ranging from a detailed traffic study, to interior and exterior lighting safeguards, to ensuring safe access to Badger Park.
“I believe we kind of covered everything everyone addressed,” Mayor Jeff Katz said after the vote, addressing two dozen members of the public who attended the public hearing on the project.
The conditions – the motion, running a page and a half single space, had been prepared in advance of the hearing and public input – will require CVS to appear again before the Village Board to show they have been met, and another vote by the trustees at that time.
New York is the No. 43 Growth State in America, slipping four places from 2018, according to U-Haul® data analyzing U.S. migration trends for 2019.
New York backslides four spots from its No. 39 ranking a year ago, registering as a slight net-loss state for procuring U-Haul truck customers. It ranked in the same vicinity the previous two years – 44th in 2017 and 35th in 2016 – after climbing to the No. 7 state for growth back in 2015.