(2020-06-30). Impacts of COVID-19 disproportionately affect poor and vulnerable: UN chief. news.un.org Addressing poverty eradication on Tuesday in front of the General Assembly, UN chief António Guterres warned that the impacts of the COVID-19 pandemic are falling "disproportionately on the most vulnerable: people living in poverty, the working poor, women and children, persons with disabilities, and other marginalized groups".
(2020-06-30). Full Employment Will Overcome Neoliberalism & the COVID-19 Jobs Crisis. zcomm.org The world needs a New Deal to counter levels of unemployment and inequality last seen in the Great Depression…
(2020-06-30). Revert to full employment to overcome neoliberalism and COVID-19 jobs crisis. peoplesdispatch.org Economist Robert Pollin advocates a macroeconomic agenda centred on full employment to deal with the rapidly unfolding jobs crisis. The decades-long neoliberal attack on the working class has heightened with COVID-19. He says that the world needs a New Deal to counter levels of unemployment and inequality, which were last seen during the Great Depression.
(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 …
(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…
(2020-06-29). VIDEO Activists set up guillotine outside Jeff Bezos' home, call for end to Amazon. rt.com 
Amazon founder Jeff Bezos was targeted on Sunday by activists, who set up a guillotine outside his Washington DC home and called for an end to the "exploitation" of the company's employees. | In front of the guillotine was a sign reading: "Support our poor communities not our wealthy men." | Footage from the scene shows demonstrators outside the residence saying: "It is still exploitation, and when they become threatened, and we have no voice, the knives come out." | Wow going after newspaper owners like this smh these attacks on the press must end
(2020-06-29). Sudan Holds Donors Conference to Salvage Its Economy. globalresearch.ca During several years of the Omar al-Bashir administration, Sudan's economy was largely shattered due to political tyranny, deep-seated corruption and poor policies. Sudan has a population of 43 million (2018 estimates), nearly 80% live far below the poverty line despite …
(2020-06-29). After the Corona Lockdown: Neoliberal State Intervention "Won't Save Us" globalresearch.ca After the coronavirus crisis, the state will likely play a much larger role in the economy. But its interventions will serve the interests of the wealthy — unless the Left gets organised, argues Richard Burgon. | *** |
(2020-06-29). Analysis Warns 11% of Those Unemployed Due to Pandemic Have 'Zero Chance' of Getting Job Back. commondreams.org "The 10.7% number represents the hard floor that we'll bump up against when the virus vanishes, leaving us in a Great Recession level unemployment situation." | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/unemployment_3.jpg …
(2020-06-28). What Happens if Congress and the White House Let Unemployment Benefits Expire? globalresearch.ca According to Labor Department figures, over 47 million US workers filed for unemployment benefits. | The true number is likely much higher as countless numbers of unemployed US workers haven't been able to file so far — many more to come …
(2020-06-27). [Editorial] Generation coronavirus? thelancet.com The catastrophic elements that have perpetuated the COVID-19 pandemic—global interconnectedness, climate change due to human activity, vast economic inequality, and deep veins of antiscience—have resulted in more than 9 million infections and almost 500‚Äà000 deaths worldwide. Although children might be less susceptible to infection by severe acute respiratory syndrome coronavirus 2 and generally have better outcomes than adults, COVID-19 as a phenomenon weighs heavily on their health and wellbeing.
(2020-06-27). Three decades after Soviet collapse, Russia tells UN it's eliminated 'extreme' poverty, but millions still require govt help. rt.com 
The disastrous 1990s are now a generation ago, but the scars still remain. Only now has Russia eradicated extreme poverty, and 18.1 million people still live below the subsistence minimum. However, things are slowly improving. | On Friday, Russia Its review also highlights the strides it has made in reducing deprivation at all levels of severity, although it has falle…
(2020-06-27). Zuckerberg loses $7.2 BILLION after corporate ad boycott pressing Facebook to police 'hate speech'. rt.com 
Plummeting Facebook shares have wiped out billions of founder and CEO Mark Zuckerberg's personal wealth. The impetus? Corporations such as Coca-Cola and Verizon have pulled their ads, demanding that Facebook censor hate speech. | Zuckerberg lost $7.2 billion, after Facebook's shares fell by 8.3 percent on Friday, Bloomberg reported. The dive in value happened after Unilever, one of the largest advertisers in the world, joined the list of major companies that suspended their ad campaigns on Facebook and its subsidiary Instagram. At around the same time, Coca-Cola said it was also pulling all its social-media ad…
(2020-06-27). UK government refuses support to unemployed migrant workers facing destitution during pandemic. wsws.org Although exact figures are difficult to obtain, it is estimated that up to 250,000 children could directly be threatened with poverty due to the "no recourse to public funds" status of their parents.
(2020-06-27). 'Electing a President': Exclusive Excerpt From New Graphic Novel on the US Elections System. commondreams.org Americans are nearly united in our belief that something is wrong with our government: It works for the wealthy and powerful, but not for anyone else. (Image: Unrig) | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/views-article/thumbs/elec_college.png …
(2020-06-27). Economic crisis deepens as pandemic surges. fightbacknews.org San José, CA – For the second week in a row, new applications for state unemployment insurance or UI did not drop by much, despite economists' expectations. New claims for the week ending June 20 were 1.48 million, down only 28,000 from last week's initial estimate. New applications for the Federal Pandemic Unemployment Assistance, or PUA, fell by 42,000 to 728,000 last week. Together the PUA and state unemployment insurance applications topped 2.2 million, only slightly lower than the 2.27 million total for the week before. | Continuing claims for state unemployment insurance, PUA, the Federal Pandemic Emergency…
(2020-06-26). Denying health crisis won't save jobs. workers.org 
June 21 — For the thirteenth week in a row, the number of initial claims the Bureau of Labor Statistics counts for unemployment insurance was over 1.5 million. Now every state plus the District of Columbia has begun the process of loosening the restrictions it had imposed in order to . . . |
