2020-07-03: News Headlines

Register Peace & Freedom or Green (2020-07-03). Cal Democrats Not Paying Unemployment Claims; Pro-War Feinstein. indybay.org From the home front, with the California Supermajority Democratic Legislature & Governor contracting out to process millions of unemployment claims, many unpaid for months, to California Democratic Senator Dianne Feinstein voting to continue the blood for oil illegal occupation and war in Afghanistan, the Democratic Party insists with every move it is the same as the Republican Party.

Peter Linebaugh (2020-07-03). Police and the Wealth of Nations: Déjà Vu or Unfinished Business? counterpunch.org In the 1960s there was a wave of rioting, municipal rebellion, and challenges to property in the USA. In order to see that wave from a working-class point of view I went over to England to study riots and crime. In those days the theory was that the working-class could bring an end to capitalism, but historically before the working-class was "made," it consisted of a mob of the poor given to crimes. The horrid ones against people — assault, rape, murder — were relatively few. The ones against property – highway robbery, burglary, shop-lifting, house-breaking, pocket-picking – tended to be new, i.e., f…

_____ (2020-07-03). Australian Journalist Threatened With Prosecution For Exposing War Crimes. popularresistance.org In another major assault on press freedom, Australian Broadcasting Corporation (ABC) journalist Dan Oakes has been threatened with prosecution for his role in exposing war crimes committed by the country's Special Forces soldiers in Afghanistan. | The Australian Federal Police (AFP) issued a statement last night, confirming that they had sent a brief of evidence to the Commonwealth Director of Public Prosecutions (DPP), following a protracted investigation targeting the ABC. | The AFP indicated that the probe began after it received "a referral on 11 July, 2017, from the Chief of the Defence Force and then-Acting…

WSWS (2020-07-03). US unemployment rate dips, but millions remain jobless or face wage cuts. wsws.org Despite Trump's claims that the "economy is roaring back," joblessness remains at depression levels while the reopening of businesses has produced a surge of COVID-19 cases.

Meagan Day (2020-07-03). The Coming Pandemic-Induced Eviction Crisis. zcomm.org If federal unemployment benefits are not extended when they expire next month, millions of households will be facing both steep rent and unemployment with no assistance. And that means mass evictions…

Mark Gruenberg (2020-07-02). BLS jobs report shows U.S. employment crash continues. peoplesworld.org WASHINGTON—Donald Trump's happy talk today notwithstanding, the nation's current depression, the employment crash caused by closures forced by the coronavirus pandemic, continues, the latest Bureau of Labor Statistics report shows. That's because 1.445 million more people applied for regular state unemployment benefits, and another 839,563 sought special federal benefit checks in the week ending June …

WSWS (2020-07-02). The inequality pandemic: How American capitalism puts profits over lives. wsws.org The resurgence of COVID-19 is the outcome of a policy, led by the Trump administration but supported by the entire political and media establishment, of subordinating society's needs to the interests of the financial oligarchy.

WSWS (2020-07-02). Johnson pledges "New Deal" for UK as he prepares savage attack on workers. wsws.org Johnson is prime minister of a declining imperialist power, dominated politically, economically, and socially by a financial oligarchy whose sole concern is that the flood of wealth into its coffers continues.

Matt Sedlar (2020-07-02). Economy Brings Back 4.8 Million Jobs in June, Unemployment at 11.1 Percent. cepr.net Since February, employment rates for Black men and Hispanic men have dropped 9.4 percentage points and 10.3 percentage points, respectively. The June employment report showed the economy adding back 4.8 million jobs, following a gain of 2.7 million (revised up by 200,000) in May. This two-month gain leaves the economy down by just under 14.7 …

Matt Sedlar (2020-07-02). Counterpoint: Unemployment Benefits Should Depend on the Pandemic. cepr.net Tribune Content Agency, July 2, 2020 InsideSources, July 2, 2020 Bozeman Daily Chronicle, July 2, 2020 Killeen Daily Herald, July 2, 2020 Hoopeston Chronicle, July 2, 2020 See article on original site In recent weeks many members of Congress have been arguing against extending the $600 weekly supplement to unemployment insurance benefits that was put …

Fight Back (2020-07-02). Unemployment insurance claims show crisis continuing. fightbacknews.org San José, CA – The latest report by the Labor Department on Thursday, July 2 indicated new claims for aid for unemployed showed no improvement for the third week in a row. While new claims for the regular state unemployment insurance benefits did fall by 50,000 from last week's report, to 1.43 million, new claims for the Federal Pandemic Unemployment Assistance or PUA actually rose by 110,000 from last week's report, to 840,000. Taken together, new claims for the two main programs to aid the unemployed totaled 2.27 million for the week ending June 27, slighting more than the previous week and the same as two week…

yenisafak (2020-07-02). US economy gains 4.8M jobs; unemployment falls to 11.1%. yenisafak.com The unemployment rate in the US dropped to 11.1% in June as the economy gained 4.8 million jobs, the Bureau of Labor Statistics said Thursday.Data released a day early because of the July 4 holiday reflected the continued resumption of economic activity that was curtailed in March and April due to the coronavirus pandemic, which pushed job losses to Great Depression-era levels.The unemployment rate declined 2.2 points from 13.3% in May and the number of jobless Americans fell by 3.2 million to 17.8 million.Employment in leisure and hospitality rose sharply and notable job gains also occurred in retail, education…

yenisafak (2020-07-02). Trump says jobs report proves US economy 'roaring back'. yenisafak.com U.S. President Donald Trump on Thursday at a press briefing celebrated a government report showing the country gained 4.8 million jobs and the unemployment rate dropped to 11.1% last month, when states began allowing businesses to reopen from strict shutdowns aimed at containing the coronavirus pandemic."Today's announcement proves that our economy is roaring back," Trump said, rattling off different sectors that saw job gains according to the monthly report. "These are historic numbers."

Melvin Goodman (2020-07-01). De-Militarizing the United States. counterpunch.org More than a half-century ago, exactly one year before he was assassinated, Martin Luther King Jr. brilliantly identified the keys to the American political, economic, and social crisis that has worsened over the years. At the Riverside Church in New York City, King linked the militarism of the Vietnam War; the racism of American society; and the inequality and materialism of the American economy to demand a movement toward social justice that we seek today.

Rick Baum (2020-07-01). The Pandemic and Wealth Inequality. counterpunch.org The latest figures from the Federal Reserve Board on wealth inequality cover through the quarter ending in March 2020. They show a reduction in wealth inequality—something that has happened during economic downturns. More importantly, according to the Fed, wealth inequality has generally been increasing since the first covered period, the third quarter of 1989 to when it reached its highest level in the fourth quarter of 2019 during the Trump regime.

commondreams (2020-07-01). Proposed Vacation Tax Credit Exposes Vacation Inequality. commondreams.org ______________________________…

WSWS (2020-07-01). COVID-19 increase at UK's 2 Sisters, Rowan and Kober meat processing factories. wsws.org Inadequate and unsafe forms of transport, poor working conditions, and rundown accommodation are class issues bound up with the wealth extraction demanded by capitalism.

WSWS (2020-07-01). Record 47.2 percent of working-age Americans without jobs. wsws.org According to the employment-population ratio, a more accurate measure of joblessness than the unemployment rate, a postwar record number of Americans were without work in May.

Jessica Corbett, staff writer (2020-07-01). Big Pharma Trade Group Blasted as 'Morally Bankrupt' for Suing to Block Minnesota Insulin Affordability Law. commondreams.org The law is named for Alec Smith, an uninsured 26-year-old who died in 2017 after rationing his insulin. | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/gettyimages-121919080211.jpg

Prof Michel Chossudovsky (2020-06-30). VIDEO: The 2020 Economic Crisis. Global Poverty, Unemployment and Despair. globalresearch.ca A complex decision-making process is instrumental in the closing down of national economies Worldwide. We are led to believe that the lockdown is the solution. Politicians and health officials in more than 150 countries obey orders emanating from higher authority.

Shawgi Tell (2020-06-30). The Stock Market Produces Nothing. dissidentvoice.org On June 2, 2020, Jan Dehn of Ashmore Investment Management Limited remarked: If central banks were to allow asset prices to reflect the actual underlying fundamentals — record levels of debt, record low productivity growth, record unemployment, record populism — the resulting crashes in financial markets would be so large that most Western economies would …

yenisafak (2020-06-30). Spain braces for slow economic recovery post-pandemic. yenisafak.com As Spain saw new daily infections rise by 301 on Tuesday, the county's central bank released an annual report suggesting that the economy will not recover from the health crisis until late 2022.The Health Ministry reported a spike in deaths adding nine to the total. The nationwide death toll has hit 28,355.The central bank's 238-page annual report not only predicts that economic recovery will take years, but that women, low-income workers and young people will bear the brunt of the economic crisis."Spain's economy faces the COVID-19 crisis with inequality significantly higher than before the financial crisis of 2…