2020-05-27: News Headlines

Alan Macleod (2020-05-27). "Germ-Ridden Masses" — How America's Wealthy Elite Describe the Rest of Us. mintpressnews.com Many of the world's super wealthy are trying to wait out the COVID-19 pandemic on their luxury yachts. But how to get to them without interacting with the public and catching the virus themselves? Such are the difficult quandaries only billionaires have to deal with. Fortunately, financial news outlet Bloomberg has solved the big question of the current era. A new company, it excitedly

Matt Sedlar (2020-05-27). The Impact of Upward Redistribution on Social Security Solvency (2020 Update). cepr.net Economic inequality in the US has ballooned since the early 1980s. Wage and salary growth at the top of the earnings distribution has significantly outpaced that at the bottom and middle, resulting in decades of unabated upward redistribution of income. The COVID-19 pandemic has exposed and exacerbated this divide. In addition to the immediate problems …

Sonali Kolhatkar (2020-05-27). For America's Wealthiest, the Pandemic Is a Time to Profit. zcomm.org Even in the midst of the pandemic, the rich are getting richer and bolder in their fight against working Americans…

WSWS (2020-05-27). Unemployment skyrockets among youth. wsws.org A large body of research shows that young people, especially those without a college degree, are particularly vulnerable during economic downturns.

Joe Sims (2020-05-26). Neoliberal solutions won't save us from this pandemic. peoplesworld.org A lot of hope—and rightly so—is being placed in what a post-Trump country and world might look like. And yes, almost anything would be better. (As a popular lawn sign reads, "2020: Any Functioning Adult.") Proposals for union-friendly organizing rights, student debt relief, a wealth tax, a green infrastructure bill (if not a Green New …

Martin Hart-Landsberg (2020-05-26). Victory: Ohio's plan to deny workers their unemployment insurance is shelved. mronline.org In early May, Ohio Republican Governor Mike DeWine began reopening the state economy. And to support business and slash state expenses, both at worker expense, he had a "COVID-19 Fraud" form put up on the Ohio Department of Job and Family Services website where employers could confidentially report employees "who quit or refuse work when …

Henry Giroux (2020-05-26). Criminogenic Politics as a Form of Psychosis in the Age of Trump. counterpunch.org In its late stages, capitalism morphs into a form of neoliberal fascism. In this instance, the structural misery produced by capitalism via its destruction of the welfare state, safety net, and its growing investment in accelerating inequality and criminalizing all social problems merges with the theater of racism, racial cleansing, hyper-masculinity, ultra-nationalism, militarism, scapegoating the

Jeff Jurgens (2020-04-30). U.S. Organizations React to Global Military Spending Report. peaceaction.org Joint Statement: U.S. organizations react to global military spending report April 27, 2020 Our diverse group of 39 think-tanks, non-profits, faith-based organizations, and advocacy groups based in the United States find the exorbitant amount of money spent on militaries worldwide to be an irresponsible and harmful use of global wealth. The Global Military Expenditures Report …

Julia Conley, staff writer (2020-05-26). New York Uber and Lyft Drivers Sue Cuomo Over Refusal to Pay Unemployment Benefits During Pandemic. commondreams.org Joined by the New York Taxi Workers Alliance, four Uber and Lyft drivers in New York filed a lawsuit against Gov. Andrew Cuomo and the state Labor Department on Tuesday over the government's failure to pay the drivers unemployment benefits during the coronavirus pandemic. | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/gettyimages-1219233550_1.jpg

Global Research News (2020-05-26). Selected Articles: Facts Vs. Fake. A Worldwide Lockdown of Everything. globalresearch.ca By The universal Covid-lockdown has also caused a meltdown of productive assets, which now become easy prey to be bought by large corporations — unemployment …