Tuesday, March 12, 2013

The "housing question" and "unemployment" continue to dog the capitalist economy over one-hundred and fifty years after Karl Marx said capitalists couldn't solve these basic and fundamental problems.



Something to think about:


A new study has revealed that a minimum waged worker would have to work 89 hours a week when only a few other cost of living factors are figured in to pay for an average apartment renting for $836.00 a month in Minneapolis.

The same bankers who have foreclosed on and evicted families from their homes are banking on those they have evicted from their homes will have to rent apartments or turn to condo living--- but, this might end up a bust, too, because of poverty wages:

http://finance-commerce.com/2012/12/hot-twin-cities-apartment-market-shows-signs-of-cooling-off/

The banking crowd, ever attuned to quick short-term profits, is oblivious to the pain and suffering experienced by working class families trying to keep a roof over their heads--- it's all about profits.

Which brings us to another problem Karl Marx said the capitalists could not overcome: the problem of workers not being able to purchase what they produce.

And Karl Marx pointed out that when workers can't purchase what they have produced because their wages are too low economic depressions which begin as recessions occur.

Capitalism is having difficulties with:

  • Housing.
  • Unemployment.
  • Wages.
  • Economic collapse.

And did I mention: WAR?

What about: PRICES?

Was Karl Marx really wrong?

Our much celebrated Keynesian economists advising Obama base their economic theories for a properly functioning economy on a smooth flow and interaction between investments and consumption. Nothing seems to be working out for these fellows no matter what they try and no matter how much they tinker--- and, of course, as Alan Greenspan has now acknowledged, the free market left on its own didn't fair too well, either... remember the beginning of the Depression of 2008 which just won't end?

And as liberal economist, John Kenneth Galbraith pointed out: "we can't have guns and butter at the same time"--- no doubt if Galbraith were alive today he would frame his "guns v butter" declaration somewhat differently:

Wars kill jobs the same way they kill people.

Karl Marx pointed out that when Nations spend their wealth on militarism and wars this is tantamount to dumping the Nation's wealth into the deepest depths of the oceans. (True or False?)

It seems no matter how hard Wall Street's over-paid economists and pundits try, they can't manage to win in the battle of ideas against a long dead Karl Marx.

Pretty bad when an entire intellectual Wall Street financed establishment of economists and intellectuals dedicated to saving capitalism can't figure out what to do to get us out of this economic mess... and can't even win a debate with a dead man.


http://www.graphicwitness.org/contemp/marxtitle.htm



  Perhaps this guy needs a "Forever Stamp?"





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Mille Lacs Band buys Crowne Plaza, DoubleTree hotels in St. Paul

Mille Lacs Band of Ojibwe purchases hotels with wealth derived from paying casino workers poverty wages


Of course the issue and question becomes: 

Who is really purchasing these hotels with the wealth derived by paying casino workers poverty wages?

The answer to this question is very simple:

The same mobsters who own the slot machines and every aspect of Mille Lacs' casinos/hotels/restaurant/bar/entertainment/resort business.

St. Paul politicians have a long history of being bribed by these same mobsters so this is nothing new for them; it will just mean more campaign contributions for the thoroughly corrupt and racist Democratic Party now headed up by a pill-popping billionaire governor.

The undemocratic, red-baiting Nancy Goldman of Unite-HERE will now have a new vicious anti-labor management to deal with... and, quite possibly, a lockout and scabs are in store with the next contract down the road... no doubt her St. Paul Democratic Party buddies so thrilled with this deal will provide the same support they did to the 2,000 St. Paul Ford Twin Cities Assembly Plant workers and the 1,300 currently locked out American Crystal Sugar workers.

Interesting how such a "poverty stricken" casino management who complain they can't afford to pay its casino workers real living wages manages to come up with the tens of millions of dollars for what is nothing but a slick money-laundering deal and scheme.

Alan L. Maki



http://www.startribune.com/local/stpaul/196898791.html?refer=y


Mille Lacs Band buys Crowne Plaza, DoubleTree hotels in St. Paul

  • Article by: KEVIN DUCHSCHERE , Star Tribune
  • Updated: March 11, 2013 - 11:45 PM
The Mille Lacs Band of Ojibwe announced the purchase of two downtown St. Paul hotels on Monday.

Rarely is an announcement about a hotel deal accompanied by an invocation in Ojibwe and ceremonial drum music, but then, the Mille Lacs Band is not a typical hotel owner. At least not yet.

On Monday, tribal leaders formally announced they had closed on the purchase of two of downtown St. Paul’s largest hotels, the Crowne Plaza Riverfront and the DoubleTree by Hilton, for an undisclosed amount of money. The band took charge of the hotels Thursday.

“Hello, St. Paul!” said Joseph Nayquonabe Jr., CEO and chairman of the board for the band’s economic development corporation, making the announcement at the Crowne Plaza’s Great River Ballroom.

“The Mille Lacs Band of Ojibwe is checking into downtown, and we plan on being here for a while.”

He said that St. Paul was just the first step in a long-term strategy to diversify the band’s investments beyond gambling, the industry the band has pursued with success since building the first Grand Casino on Lake Mille Lacs near Garrison 22 years ago.

That’s why, he said, there are no plans now or in the future to build a casino in connection with the St. Paul hotels.

“We’re really excited about creating new revenue streams for the band, so that’s really what this investment is all about,” he said.

The Crowne Plaza and the DoubleTree, which together have more than 700 rooms — nearly half the hotel rooms in the city — will be managed by Graves Hospitality Corp., the Minneapolis-based company that operates the Graves 601 in downtown Minneapolis and is run by Ben Graves, son of hotel magnate Jim Graves.
Both hotels will get makeovers that include new “destination dining experiences” that cater to locals as well as visitors, they said.

The DoubleTree will get a new entrance on Minnesota Street, and the Crowne Plaze will be “transform[ed] … both from the room side and from the public spaces,” Nayquonabe said. He didn’t put a price tag on the renovation work.

The band also is looking at possibly rebranding the hotels to drive more convention business to St. Paul, he said.

Melanie Benjamin, the band’s chief executive, said the band had been looking for a business that could build on its experience running its two Grand Casinos, their affiliated hotels and other businesses that include a lake resort.

“We intend to be good business people, good neighbors and good citizens. … Together we hope to create jobs, tax revenue for the city, and most importantly for us, two truly great hotels,” she said.

The purchase won’t take the hotels off the tax rolls. The band formed two limited-liability corporations to buy the hotels and will pay property taxes like any other business owner. Tribal officials said there were no plans to apply for tax-exempt trust status.

City leaders hailed the deal as a sign of revived interest in downtown investment building on upcoming attractions, such as the light-rail line and the Lowertown ballpark.

In a statement, Mayor Chris Coleman (who was out of town) said he was “thrilled” by the news.
“The band is looking for new, unique investment opportunities throughout the country and they chose to invest in St. Paul first. … I look forward to what is to come with both properties,” he said.

Matt Kramer, president and CEO of the St. Paul Area Chamber of Commerce, said the fact that the hotels were purchased by “fellow Minnesotans who know the market, know this area” was “incredibly good news for St. Paul.”
Kirby Payne, president of HVS Motel Management consultants, said the upgraded hotels will help the city compete for convention business.

“The change of ownership, in itself, will not generate additional demand in St. Paul for room nights,” Payne said. “However, their remodeling and improving of the hotels, along with the other things going on that are positive in St. Paul, will certainly generate additional interest.”

Nayquonabe said that the band is looking at other possible properties in New York, Washington, San Antonio and Los Angeles, as well as in Minneapolis and the Bloomington strip near the Mall of America.
“We’re thinking big, and that’s really what drives us every day,” he said.

Kevin Duchschere • 651-222-2732
Email: kduchschere@startribune.com

-- 
Alan L. Maki
Director of Organizing,
Midwest Casino Workers Organizing Council
58891 County Road 13
Warroad, Minnesota 56763

Phone: 218-386-2432
Cell: 651-587-5541

Primary E-mail: amaki000@centurytel.net

Cc'ed:

To: rep.phyllis.kahn@house.mn, rep.tom.anzelc@house.mn, sen.bev.scalze@senate.mn, sen.bill.ingebrigtsen@senate.mn, sen.bobby.champion@senate.mn, sen.carla.nelson@senate.mn, sen.chuck.wiger@senate.mn, sen.dan.sparks@senate.mn, sen.dave.thompson@senate.mn, sen.david.tomassoni@senate.mn, sen.foung.hawj@senate.mn, sen.greg.clausen@senate.mn, sen.jeff.hayden@senate.mn, sen.jim.carlson@senate.mn, sen.jim.metzen@senate.mn, sen.john.hoffman@senate.mn, sen.kathy.sheran@senate.mn, sen.katie.sieben@senate.mn, sen.kent.eken@senate.mn, sen.kevin.dahle@senate.mn, sen.lyle.koenen@senate.mn, sen.matt.schmit@senate.mn, sen.melisa.franzen@senate.mn, sen.melissa.wiklund@senate.mn, sen.michelle.benson@senate.mn, sen.rod.skoe@senate.mn, sen.roger.chamberlain@senate.mn, sen.roger.reinert@senate.mn, sen.scott.dibble@senate.mn, sen.terri.bonoff@senate.mn, sen.tony.lourey@senate.mn, sen.vicki.jensen@senate.mn, sen.warren.limmer@senate.mn, Alice Hausman , Andrea Kieffer , Andrew Falk , Anna Wills , Barb Yarusso , Ben Lien , Bob Barrett , Bob Dettmer , Bob Gunther , Brian Johnson , Bud Nornes , Carlos Mariani , Carly Melin , Carolyn Laine , Chris Swedzinski , Cindy Pugh , Connie Bernardy , Dan Schoen , David Bly , David Dill , David FitzSimmons , Dean Urdahl , Debra Hilstrom , Debra Kiel , Denny McNamara , Diane Loeffler , Duane Quam , Erik Simonson , Erin Murphy , Ernie Leidiger , Frank Hornstein , Gene Pelowski , Glenn Gruenhagen , Greg Davids , Jason Isaacson , Jason Metsa , Jay McNamar , Jean Wagenius , Jeanne Poppe , Jeff Howe , Jenifer Loon , Jerry Hertaus , Jerry Newton , Jim Abeler , Jim Davnie , Jim Newberger , JoAnn Ward , Joe Atkins , Joe Hoppe , Joe McDonald , Joe Radinovich , Joe Schomacker , John Benson , John Lesch , John Persell , John Petersburg , John Ward , Joyce Peppin , Karen Clark , Kathy Brynaert , Kathy Lohmer , Kelby Woodard , Kim Norton , Kurt Daudt , Kurt Zellers , Laurie Halverson , Leon Lillie , Linda Runbeck , Linda Slocum , Lyndon Carlson , Marion Oneill , Mark Anderson , Mark Uglem , Mary Franson , Mary Murphy , Mary Sawatzky , MaryLiz Holberg , Matt Dean , Melissa Hortman , Michael Nelson , Michael Paymar , Mike Beard , Mike Benson , Mike Freiberg , Mike Sundin , Nick Zerwas , Pam Myhra , Pat Garofalo , Paul Anderson , Paul Marquart , Paul Rosenthal , Paul Thissen , Paul Torkelson , Peggy Scott , Peter Fischer , Raymond Dehn , Rena Moran , "rep.ann.lenczewski@house.mn" , "rep.dan.fabian@house.mn" , "rep.joe.mullery@house.mn" , "rep.patti.fritz@house.mn" , Rick Hansen , Rod Hamilton , Roger Erickson , Ron Erhardt , Ron Kresha , Ryan Winkler , Sandra Masin , Sarah Anderson , Shannon Savick , Sheldon Johnson , Sondra Erickson , Steve Drazkowski , Steve Green , Steve Simon , Susan Allen , Tara Mack , Tim Faust , Tim Kelly , Tim Mahoney , Tim ODriscoll , Tim Sanders , Tina Liebling , Tom Hackbarth , Tom Huntley , Tony Albright , Tony Cornish , Will Morgan , Yvonne Selcer , Zachary Dorholt , ZZZ Ellison Keith , Karen Monahan , ddjohnson@startribune.com, dtice@startribune.com, jfriedmann@startribune.com, jmoore@startribune.com, nstanthony@startribune.com, sgillespie@startribune.com, sknutson@mnaflcio.org
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