2020-09-10: News Headlines

Jack Rasmus (2020-09-10). America's Current Job 'Great Depression'. zcomm.org What follows is a debunking of the 8.4% unemployment rate and a quantitative explanation why that rate is 25%—as well as a statement of the forces that will likely result in an even further deterioration in the unemployment rate in the 2020-21 period ahead…

Liberation Staff (2020-09-10). Jason Hamilton (1994-2020). liberationnews.org Jason Hamilton Jason L. Hamilton, age 25, an accomplished young activist, member of the Party for Socialism and Liberation, and a co-founder of the Socialist Rifle Association, died Aug. 27 from brain cancer. Born in 1994, Hamilton grew up in a time when the aftermath of "Reaganomics" and "tough-on-crime" policies were dramatically increasing inequality in …

Detlef Umbach (2020-09-10). Trump's time is running out! indybay.org His record as president is modest. The economy is in crisis, unemployment is at record levels, and longer-term projects such as the reduction of large foreign trade deficits and the Great Wall at the border have not progressed beyond initial stages. Trump's foreign and trade policy is so fickle and unclear that it is hard to find anything positive from it for the election campaign.

WSWS (2020-09-09). Wealth of Amazon CEO Jeff Bezos surpasses $200 billion. wsws.org According to the Bloomberg Billionaires Index, the world's 500 richest people have accumulated an additional $809 billion so far this year, increasing their total wealth by around 14 percent.

Staff (2020-09-09). Headlines for September 9, 2020. democracynow.org California Governor Has "No Patience for Climate Change Deniers" Amid Historic Fires, Report Estimates Sturgis Motorcycle Rally Led to Quarter-Million COVID-19 Cases, Peru COVID-19 Death Toll Reaches 30,000, Senate Republicans Abandon New Stimulus Checks Despite Economic Crisis, Tropical Storm Rene Forms, Continuing Record Atlantic Hurricane Season, Sudan Under State of Emergency as Nile River Flooding Sets Records, Senegal's Capital Partially Submerged Following Record-Shattering Rainfall, Trump Extends Offshore Drilling Bans in Republican-Led States, DOJ Seeks to Defend Trump from Rape Accuser's Defamation Laws…

WSWS (2020-09-09). "Pandemic be damned": Forbes 400 wealthiest Americans list reveals billionaire bonanza. wsws.org The annual list of the richest people in the US shows the enormous fortunes made during the pandemic while tens of millions have lost their jobs.

Andrew McCormick (2020-09-09). These Big City Mayors Want Green Stimulus Spending to Counter Covid-19. thenation.com These Big City Mayors Want Green Stimulus Spending to Counter Covid-19…

James Bruggers, Judy Fahys, Marianne Lavelle, Evelyn Nieves, Sabrina Shankman (2020-09-09). States Are Doing What Big Government Won't to Stop Climate Change. thenation.com James Bruggers, Judy Fahys, Marianne Lavelle, Evelyn Nieves, Sabrina Shankman States Are Doing What Big Government Won't to Stop Climate Change…

Prabhat Patnaik (2020-09-08). The protracted crisis of capitalism. mronline.org THERE is a commonly-held view that the current crisis in capitalism, which has resulted in a massive output contraction and increase in unemployment, is because of the pandemic; and that once the pandemic gets over, things will go back to "normal".

_____ (2020-09-08). The Wall Street Crash And The Great Depression. popularresistance.org With mass unemployment on the cards, many are comparing the current crisis to the Great Depression of the 1930s. In both cases, however, these crises were not 'accidental', but a product of capitalism's insoluble contradictions. | Capitalism is entering into what looks set to be its deepest crisis ever. Although COVID-19 provided the trigger, a deep slump has been in the making for many years. With the stock market in turmoil, mass unemployment, and the perspective of a global depression, parallels are being drawn to the Great Depression of the 1930s — although even that may fall short as a parallel.

WSWS (2020-09-08). Workers Struggles: The Americas. wsws.org Workers at Embraer have taken a strike vote in response to announced plans by management to axe 900 jobs in response to the COVID-19 pandemic, while 10,000 Ontario home day care workers are battling back against poverty wages.

WSWS (2020-09-07). As British show-trial resumes: The working class must defend Julian Assange! wsws.org The persecution of Assange is an attempt to intimidate mass opposition to imperialist war, social inequality and a turn to authoritarianism, amid a breakdown of global capitalism and an eruption of the class struggle.

teleSUR (2020-09-07). UN: COVID-19 Pandemic Widens Gender Gap at Alarming Proportions. telesurenglish.net UN Women warned on Sunday that by 2021 around 247 million women over 15 years old would be living with less than $1.90 a day, and 47 million will be pushed into poverty as a result of the COVID-19 pandemic crisis, which will stretch the gender gap to even more massive proportions. | RELATED: | In its latest joint report, the UN Women and the United Nations Development Programme (UNDP) explain that globally, women repres…

Dean Baker (2020-09-07). Economy Adds 1.4 Million Jobs in August, Unemployment Falls to 8.4 Percent. counterpunch.org Even with strong job growth the last four months, we have recovered less than half the jobs lost due to the pandemic. The August employment report showed the economy again adding back jobs at a strong rate. The reported gain of 1,371,000 somewhat overstates underlying strength since it includes the addition of 238,000 temporary Census

Ben Phillips (2020-09-07). History gives us reason for hope that inequality can be beaten. zcomm.org Covid-19 has both supercharged our inequalities and shone a sharper light on them, exposing the reality that the status quo cannot hold. It has opened up a moment of opportunity, and young people are showing how we can seize that moment by building up a movement…