2020-03-28: News Headlines

The Commonwealth Club (2020-03-28). Live Stream: Solutions to the COVID-19 Crisis and Beyond. indybay.org Online event via live stream…

The Commonwealth Club (2020-03-28). Livestream: COVID-19 and the LGBTQI Community. indybay.org Online via livestream…

RT (2020-03-27). 'This is low, even for you': Hillary Clinton uses record coronavirus deaths to bash Trump, gets virtual punches herself. rt.com As the US recorded more cases of Covid-19 than any other country in the world, Hillary Clinton used the opportunity to crack jokes about President Trump. The failed presidential candidate was savaged online for her insensitivity. | As of Friday, the United States has recorded more than 94,000 cases of the Covid-19 coronavirus, passing out China and Italy. More than 1,400 Americans have died, hospitals are approaching capacity, and a record 3.3 million workers have filed for unemployment. | As the US passed this grim milestone, former secretary of state and 2016 presidential candidate Hillary Clinton took the o…

Staff (2020-03-27). U.S. Is #1 in Pandemic: Rep. Omar Blasts Trump for "Wrong Kind of American Exceptionalism" democracynow.org As much of the United States is under lockdown, the House votes today on a $2 trillion emergency relief package to address the economic crisis caused by the pandemic. It will generate payments to most Americans and includes protections for workers, but it is also a massive bailout for a number of industries and corporations, and the vote comes as a record 3.28 million Americans filed for unemployment benefits. We speak with Congressmember Ilhan Omar of Minnesota, the first Somali American elected to the U.S. House of Representatives and one of the first Muslim women in Congress, about the bill, Trump's response t…

Staff (2020-03-27). Rep. Omar Blasts Trump's "American Exceptionalism" as US Leads in COVID-19 Cases. truthout.org As much of the United States is under lockdown, the House votes today on a $2 trillion emergency relief package to address the economic crisis caused by the pandemic. It will generate payments to most Americans and includes protections for workers, but it is also a massive bailout for a number of industries and corporations, and the vote comes as a record 3.28 million Americans filed for unemployment benefits. We speak with Congressmember Ilhan Omar of Minnesota, the first Somali American electe…

Fight Back (2020-03-27). Veteran Chicano leader Carlos Montes blasts Trump response to crisis. fightbacknews.org Los Angeles, CA – Long time Chicano leader Carlos Montes blasted the Trump administration's mishandling of the pandemic, March 25, stating, "President Trump's irrational and disjointed response to this COVID-19 pandemic is causing major harm to working people." | Montes continued, "Especially hard-hit are non-unionized workers in the lower sectors of the economy that who have little to no benefits. They are primarily Black and brown workers who lack health insurance, sick leave, vacations and access to unemployment benefits. This pandemic with the economic crash is causing extreme hardships to Black and brown com…

Fight Back (2020-03-27). New Yorkers demand rent suspension. fightbacknews.org New York, NY – Due to the rising unemployment rate, New Yorkers are struggling financially. Some measures have been taken to help homeowners, as well as those going through eviction proceedings. An indefinite moratorium has been placed on evictions, and Governor Andrew Cuomo enacted a 90-day suspension on mortgages. The governor has even gone on to say that through these actions, he has "taken care of the rent issue." | However, this does not go far enough in helping the working class and poor hit hardest by the crisis. A recent survey by Property Nest found that 39% of New Yorkers won't be able to pay rent if pu…

Fight Back (2020-03-27). New claims for unemployment insurance soar to record high. fightbacknews.org San José, CA – On Thursday, March 26, the Labor Department reported the new claims for Unemployment Insurance (UI) benefits rocketed to 3.3 million for the week ending March 21. This was almost five times the previous record of almost 700,000 new claims in October of 1982, when the recession drove the unemployment rate to 10.8%. The number of new claims for UI was 15 times higher than the report just two weeks earlier. | This number certainly understated the number of lost jobs. Many states don't allow part-time and gig workers, independent contractors, and the self-employed to file for unemployment benefits. Man…

Christian Parenti, Dante Dallavalle (2020-03-27). Our Economy Is a Sick Beast: The Corporate Debt Crisis Explained. commondreams.org Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020, at Wall Street in New York City. Wall Street stocks fell again early Thursday as central banks unveiled new stimulus measures and U.S. jobless claims showed an initial hit from the slowdown generated by the coronavirus outbreak. (Photo: Johannes Eisele/AFP via Getty Images) | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/views-article/thumbs/unemployment-coronavirus-spike-biggest-week.jpg

Daniel Warner (2020-03-27). COVID-19: Health or Wealth? counterpunch.org Can the pandemic be separated from the economy? As the pandemic continues in Europe and the United States but seems to be subsiding in Asia, more and more questions are being raised about how to relaunch the economy. The importance of public health is being opposed to opening for business. The battle in the U.S.

RT (2020-03-26). Senate passes $2 trillion coronavirus relief bill bogged down by days of partisan wrangling. rt.com US senators have passed a much-delayed $2 trillion stimulus bill, aimed at bolstering the economy while the country is rattled by coronavirus lockdowns. The mammoth package was approved after days of bitter partisan fighting. | Senators moved to vote on the bill late Wednesday night after the last hurdle preventing its passage — an amendment put forward by four Republican senators to curb the legislation's generous unemployment provisions — was eliminated, failing to gain the necessary 60 yeas. | Despite the days of political tug-of-war over the legislation, it was passed unanimously in the end, 96-0…

Staff (2020-03-26). Bernie Sanders Fights for Laid-off Worker Protections in $2 Trillion Stimulus with Corporate Bailout. democracynow.org The Senate unanimously approved a historic $2.2 trillion emergency relief package late Wednesday night to battle the unprecedented economic shock of the coronavirus pandemic. ‚Ä®‚Ä®The House will consider the bill Friday before it goes to President Trump's desk to be signed into law. ‚Ä®‚Ä®The bill would massively expand unemployment benefits, providing laid-off workers up to 100% of their salary and health insurance benefits for four months. Vermont senator and presidential candidate Bernie Sanders successfully fought to strengthen the bill's assistance…

Daniel Steinmetz-Jenkins (2020-03-26). Thomas Piketty: Confronting Our Long History of Massive Inequality. thenation.com Thomas Piketty: Confronting Our Long History of Massive Inequality…

Joelle Gamble (2020-03-26). How Progressive Is the Stimulus? thenation.com How Progressive Is the Stimulus?

The Canary (2020-03-26). New data shows poverty figures had reached a record high before coronavirus hit. thecanary.co Half a million more people including children are living in poverty, as the number of low-income households reaches a record high. | Data from the Department for Work and Pensions (DWP) estimated that the number of people living in a relative low-income household after housing costs had risen to 4.5 million in 2018/19 from four million the year before. | It is the highest number of people living in poverty in the UK since figures were collated in 2002. | This includes an increasing number of children estimated to be living below the poverty line — which increased by 100,000 from 4.1 million to 4.2 million i…

Susan Price (2020-03-24). Britain: Mass deaths, mass poverty, mass repression. greenleft.org.au

Graham Peebles (2020-03-23). Death of the "Usual": Economic Evolution and the Emergence of the New. dissidentvoice.org Humanity is faced with a series of self-made, interrelated crises, from the environmental catastrophe to poverty, inequality, the absence of peace and an unprecedented level of displaced persons, among other pressing issues. All have been brought about by the negative behaviour of mankind, by the pervasive modes of living, the corrosive values and ideologies that …

Staff (2020-03-19). Joseph Stiglitz: Trump's "Trickle-Down" Economic Plans Are Not Enough to Meet Coronavirus Challenge. democracynow.org The coronavirus relief package signed by President Trump Wednesday provides unemployment benefits and free coronavirus testing to millions of Americans suddenly out of a job, but guarantees paid sick leave to less than 20% of American workers. Earlier this month, Trump signed into law an $8 billion coronavirus response package and has laid out the first details of a third, $1 trillion economic package and invoked the Korean War-era Defense Production Act to allow the government to direct industrial production. For more on those bailouts and who benefits, we speak with Joseph Stiglitz, Nobel Prize-winning economis…