Daily Archives: August 27, 2020

2020-08-27: News Headlines

Chuck Collins — Frank Clemente (2020-08-27). It's Time for a Pandemic Wealth Tax on Billionaires' Windfall Gains. counterpunch.org Nothing symbolizes the inequality of sacrifice during the COVID-19 pandemic more than watching a few hundred billionaires gain while everyone else struggles through job losses, debilitating illness, or death. Hundreds of thousands of Americans have died from COVID-19 and over 32 million have lost their jobs. U.S. households lost an estimated $6.5 trillion in wealth

Mark Gruenberg (2020-08-27). On Earth One, unlike Earth RNC, jobless rate soars again. peoplesworld.org WASHINGTON—The nation's unemployment lines kept growing, despite all the RNC happy talk about the economy, in the week ending August 22, with the Labor Department reporting yet another 1,429,397 people filed for jobless benefits. They sought either state benefits, federal checks, or both. In the real world of Earth One, unlike in the alternate universe …

_____ (2020-08-27). Is Movement Journalism Needed During Reckoning Over Race And Inequality? popularresistance.org Last summer I found myself at the M.W. Stringer Grand Lodge in Jackson, Mississippi. Considered "the epicenter of the civil rights movement," the well-worn building was once the training site for the Freedom Riders and home to the Student Nonviolent Coordinating Committee. It seemed a fitting place to launch Freedomways, a journalism fellowship prioritizing women of color and LGBTQ+ people rooted in the American South and committed to doing reporting that advances justice.

Thomas Klikauer — Nadine Campbell (2020-08-26). COVID-19 Changed Work in Germany. counterpunch.org Germany is generally known as a high-tech country producing machinery and cars. But a few decades ago, Germany passed the 50% mark, entering the service industry. The 50% mark indicated that more than half of Germany's wealth now comes from the service industry and no longer from making machines like Porsches and Volkswagens. By 2020,

Rick Baum (2020-08-26). Sanders' Inadequate Pandemic Wealth Tax Proposal. counterpunch.org Humanity is obviously in the middle of a grave crisis that "socialist" Bernie Sanders understands. In a column recently published in the Guardian with the title "The Pandemic is helping the rich get even richer. It's time to tax their obscene wealth," he characterizes the current conditions as, "an extraordinary moment in American history: a

_____ (2020-08-26). Organizing Call: After The DNC And RNC — We Can't Breathe! popularresistance.org The Democratic and Republican Conventions are not confronting the crises of our times – the economic collapse, COVID pandemic, lack of access to healthcare, inequality, racism, the cost of education, and never-ending wars and more. | No matter which corporate-funded party wins the election, the people must rule from below. | The national uprising against police violence and the hundreds of wildcat strikes and rent strikes are a few examples among many that show once again that the only way to challenge this racist, militarized system is with the explosive power of people making demands and shutting the system dow…

Staff (2020-08-26). RNC Gave Prime Time to Vigilantes. The Next Day a Gunman Shot BLM Protesters. truthout.org The opening night of this week's Republican National Convention (RNC) prominently featured a speech by Patricia and Mark McCloskey, the wealthy white couple who illegally brandished firearms at Black Lives Matter protesters in St. Louis, Missouri. | Then, just one day after the McCloskeys' RNC speech, a white gunman killed two people and injured a third at a Black Lives Matter protest in Kenosha, Wisconsin. | Police have arrested Kyle Rittenhouse, a 17-year-old Illinois resident, for first-deg…

Steve Topple (2020-08-26). Another day and another report dumbs down the root causes of education inequality. thecanary.co A

Surajit Das (2020-08-25). Governments need to boost economies with large fiscal stimulus. peoplesdispatch.org The world economy is currently facing an acute shortage in demand due to the lockdown imposed to contain the spread of COVID-19. Most of the economies are projected to register a negative growth rate and unemployment rates are set to skyrocket. This would further reduce the aggregate demand, pushing economies into a vicious trap of decline in demand leading to lower profits and investment, which in turn would further curtail growth and aggravate unemployment. Rising unemployment and falling wages would further depress the levels of demand in the economy. To get out of this vicious cycle, economies require a big p…

John Buell (2020-08-25). The Triumph of Monopoly Capitalism is Hurting American Workers' Life Expectancy. zcomm.org Monopoly power and concentrated wealth do immense harm to the bottom third of the wealth spectrum…

WSWS (2020-08-25). Despite COVID-19, French billionaires have tripled their wealth since 2010. wsws.org The accumulation of obscene levels of wealth by a small financial aristocracy is the product of decades of austerity imposed by governments of various political colors.

_____ (2020-08-25). Germany Begins A Universal-Basic-Income Trial For Three Years. popularresistance.org Germany is about to become the latest country to trial a universal basic income, starting a three-year study of how it affects the economy and recipients' well-being. | As part of the study, 120 people will receive ‚Ǩ1,200, or about $1,430, each month for three years — an amount just above Germany's poverty line — and researchers will compare their experiences with another group of 1,380 people who will not receive the payments. | The study, conducted by the German Institute for Economic Research, has been funded by 140,000 private donations. | All participants will be asked to compl…

_____ (2020-08-25). Koch Academic Influence Returns To Massachusetts With New Tufts University Think Tank. popularresistance.org When a new Massachusetts think tank housed at Tufts University launched earlier this year, Boston-based media described it as a "CBO-like center" (referring to the Congressional Budget Office) that would offer an "independent analysis" of proposed state policy and legislation. | But one of the main funders of this think tank, called the Center for State Policy Analysis, is a program tied financially to the petrochemical billionaire Koch family. This apparent Koch-linked funding raises questions about just how independent the center's policy analyses may be. Initial funding for this think tank, as CommonWealth rep…

Nicole Sussner Rodgers, Deadric T. Williams (2020-08-25). Scholars of Poverty and Inequality Face Their Own Racial Reckoning. thenation.com Nicole Sussner Rodgers, Deadric T. Williams Scholars of Poverty and Inequality Face Their Own Racial Reckoning…

teleSUR (2020-08-24). Inequality Increases Mortality From COVID-19 in Mexico. telesurenglish.net Mexico's Undersecretary for Health Prevention and Promotion Hugo Lopez-Gatell said that high mortality from COVID-19 is explained by such factors as social inequality, poor nutrition, limited health capacity, and corruption. | RELATED: | "The mortality rate of a country depends a lot on its social reality, and our society's structural inequality has grown exponentially over the past 40 years," Lopez-Gatell sai…

Thom Hartmann (2020-08-24). The Monopoly on Racial Wealth. progressive.org An excerpt from radio host Thom Hartmann's new book looks at why white guys have it made.

Mehr News Agency (2020-08-24). Iran trade with CIS hits over $3.3 bn last year. en.mehrnews.com TEHRAN, Aug. 24 (MNA) —The value of Iran's foreign trade with the Commonwealth of Independent States (CIS) in 2019 hit more than $3, 298, 61,946 Billion.

Staff (2020-08-24). Black Workers Face Higher Joblessness, But Are Less Likely to Get Unemployment. truthout.org Record numbers of Americans are receiving unemployment insurance during the pandemic. That's because of the enormous scale of jobs lost — but also because Congress greatly expanded the number of workers eligible for benefits. For the first time, thanks to the Pandemic Unemployment Assistance program, part-timers, independent contractors and gig workers qualify for unemployment payments. Black workers are overrepresented in these nontraditional positions, which in the past has contribut…