Daily Archives: February 1, 2021

2021-02-01: News Headlines

Alan Macleod (2021-02-01). NYPD Deploys Counter Terrorism Unit To Protect Wall Street in Response To Gamestop Protests. mintpressnews.com The NYPD decision comes amid a growing online movement aimed at punishing wealthy hedge funds who have spent enormous sums betting on the demise of a number of companies.

_____ (2021-02-01). Take Action To End The Economic War At Home And Abroad. popularresistance.org It is the same neoliberal economic system, white supremacy and disregard for human life that underlie sanctions abroad and at home. The current recession and pandemic have exposed this in a brutal way in the United States. The populations that are harmed the most are Indigenous peoples and communities of color. The United States government could have taken the effective steps of cancelling rent and debt, providing a monthly income and nationalizing healthcare that other countries took but instead passed laws that funneled wealth to the top while providing minimal relief to the majority.

Chris Hedges (2021-02-01). Chris Hedges: Papering Over the Rot. mintpressnews.com Princeton, New Jersey (

Jeet Heer (2021-02-01). Biden Should Reject the Latest GOP Bipartisan Fantasy. thenation.com Biden Should Reject the Latest GOP Bipartisan Fantasy…

sputniknews (2021-02-01). 'Silversqueeze' Becomes New GameStop as Reddit Traders Call to 'Destroy the Biggest Banks'. sputniknews.com Wealthy Wall Street hedge funds lost billions of dollars last week after amateur investors from Reddit's r/WallStreetBets forum raised the stock price of electronics GameStop retailer and other companies with a coordinated "short squeeze" attack. Now they have apparently found a new target.

Colin Todhunter (2021-02-01). Viral Inequality and the Farmers' Struggle in India. globalresearch.ca All Global Research articles can be read in 27 languages by activating the "Translate Website" drop down menu on the top banner of our home page (Desktop version). | *** | According to a new report by Oxfam, '

Colin Todhunter (2021-02-01). Viral Inequality and the Farmers' Struggle in India. dissidentvoice.org According to a new report by Oxfam, 'The Inequality Virus', the wealth of the world's billionaires increased by $3.9tn (trillion) between 18 March and 31 December 2020. Their total wealth now stands at $11.95tn. The world's 10 richest billionaires have collectively seen their wealth increase by $540bn over this period. In September 2020, Jeff Bezos …

WSWS (2021-02-01). French government rejects a new lockdown to stop coronavirus spread. wsws.org Like his counterparts across Europe, Macron is sacrificing masses of lives to increase the wealth of the super-rich.

Abdul Rahman (2021-01-31). Eradicating the inequality virus calls for more than just slogans. peoplesdispatch.org The Oxfam inequality report highlights that the impact of COVID-19 has been different across different sections of society. Government policies across the world have enabled the rich and powerful to increase their wealth during the pandemic…

Areeb Ullah (2021-01-31). Why the UAE adopted China's Covid-19 vaccine. middleeasteye.net Why the UAE adopted China's Covid-19 vaccine | Despite the absence of reliable trial data, the wealthy Gulf monarchy is set to become a regional hub for producing and distributing Sinopharm's BBIBP-CorV vaccine | Sun, 01/31/2021 – 14: 10 | Dubai's ruler and UAE vice president Mohammed bin Rashid Al-Maktoum receiving an injection of a Chinese Covid-19 vaccine on 3 November 2020 (AFP) | When Dubai relaxed…

Chuck Collins (2021-01-31). Billionaire Wealth, U.S. Job Losses and Pandemic Profiteers. zcomm.org Check back for our regular updates on U.S. unemployment and billionaire wealth during the pandemic emergency…

RT (2021-01-31). 'He doesn't care': 10 Republicans praise Biden's call for 'unity', want to work 'in good faith' on new Covid-19 relief bill. rt.com Republican senators, including Mitt Romney and Susan Collins, sent a letter to Joe Biden on Sunday, requesting a meeting to discuss Covid-19 economic relief — but the attempt at bipartisanship is being eviscerated on social media. | The Republicans' specific plan will be unveiled on Monday, but they say it aligns with the president's "stated priorities" and could win "bipartisan support." | Biden's Covid-19 relief package is worth $1.9 trillion, a cost some critics have argued is too high. The plan also includes $1,400 stimulus checks for individuals. | Specifics for the Republican plan were not given in…

David Soll (2021-01-31). Democrats, You PROMISED Survival Checks NOW! realprogressives.org On January 5 there was a special election held in Georgia where the two running Democrats ultimately won. How were they able to pull it off? No, the election was not stolen by Russia, China, Venezuela, or little green men. It was won because the Democrats promised the American people relief in the form of immediate distribution of $2000 survival checks! | These words were verbatim, by then Senate candidate Jon Ossoff, during an interview just days before the election,"We will be able to pass $2,000 dollar stimulus checks for the people next week when we win these races in Georgia and get economic relief direct…

sputniknews (2021-01-31). #BidenLied: Netizens Blame POTUS for Deception Over $2,000 Stimulus Checks. sputniknews.com Despite continued debate over the coronavirus relief package in the US, the only thing that the former Republican president, Donald Trump, and the incumbent Democrat, Joe Biden, appear to agree on was that the $600 one-time stimulus payments are not enough.

RT (2021-01-31). #BidenLied tops Twitter trends as president's loyalists try to hijack hashtag to switch conversation from disappointment to Trump. rt.com Joe Biden has been slammed from both left and right for not fulfilling at least one campaign promise, getting #BidenLied trending, triggering his supporters to try and hijack the hashtag to distract from the criticism. | After decades in politics, Biden being accused of lying to the public by critics is nothing new, but his first days as president have even some supporters questioning his honesty. | As numerous liberals called out Biden for his $1.9 trillion Covid-19 stimulus plan offering $1400 direct payments to Americans when he actually promised $2000 "immediately" after taking office (though he's attempte…

RT (2021-01-31). NY charity Robin Hood receives undue flak from people angry at Robinhood trading app, finds 'silver lining' in new supporters. rt.com Wes Moore has spent some time patiently explaining online how the charity he heads has nothing to do with a certain stock trading app now hated by many. But there is a happy ending to this case of mistaken identity. | The Robin Hood Foundation has a proud history of fighting poverty in New York City for more than three decades. Recently, however, it found itself on the receiving end of public ire for no good reason at all. The name of the legendary folk hero who robbed the rich and gave to the poor has had some really bad publicity this week. | The anger was actually directed at Robinhood app, which landed in…

news.un (2021-01-31). Fair Finance: The women entrepreneurs lifting communities out of poverty. news.un.org Helping women start and grow businesses in the world's poorest countries is a path to lifting them and their families out of poverty, the high-profile businesswoman, and new UN Capital Development Fund (UNCDF) Goodwill Ambassador Sonia Gardner, has told UN News, in the second of our two part series this weekend, on the role the financial sector can play in reducing inequality.

Faramarz Farbod (2021-01-31). Late Capitalism and Its Runaway Inequality Problem. dissidentvoice.org One of the great unexamined questions of our times is why there is so much suffering, despair, misery and rage in the midst of unimaginable wealth. Naturally, pundits and politicians wish to avoid this question because an open public discussion of the widening wealth gap can impart critical insights into the nature and logic of …

WSWS (2021-01-30). Lethal crackdown on protests as Lebanon's economy collapses amid pandemic surge. wsws.org The lockdown was implemented without any economic support under conditions where at least 55 percent of the population are living in poverty and 25 percent in extreme poverty following the country's economic and financial collapse and the pandemic restrictions.

Fight Back (2021-01-30). Ranks of workers receiving unemployment insurance grows in January. fightbacknews.org San José, CA – The broadest measure of unemployment insurance, which includes the regular state unemployment insurance or UI, the federal Pandemic Unemployment Assistance or PUA, the federal Pandemic Emergency Unemployment Compensation or PEUC, as well as the state Extended Benefits or EB rose in the first week of January by 2.3 million people to a total of 18.3 million people. While down from its peak in April, it is still nine times as high as it was a year ago before the recession began, according to the weekly report by the U.S. Department of Labor released on Thursday, January 28. | Part of the bounce in une…

Richard D. Wolff (2021-01-30). The U.S. Economy Excels at One Thing: Producing Massive Inequality. zcomm.org Deepening U.S. inequality flows directly from this capitalist organization of production—its class system…

RT (2021-01-30). 'Torturing the English language': Biden accused of twisting the truth with promise his Covid-19 stimulus plan 'finishes the job'. rt.com President Joe Biden is getting criticism from both the left and the right for claiming his American Rescue Plan will help Americans struggling during the pandemic by offering a $2,000 stimulus — an amount also pushed for by Trump. | "$600 is simply not enough when you have to choose between paying your rent and putting food on the table," Biden tweeted on Saturday, referring to the $600 stimulus payment passed in the final weeks of Trump's presidency. | Biden went on to claim his $1.9 trillion American Rescue Plan, which he has urged Congress to pass sooner rather than later, "finishes the job of getting…

Fight Back (2021-01-30). Marquette University staff protest firings. fightbacknews.org Milwaukee, WI – Marquette University staff members and their supporters picketed outside the administration building on January 27 in the biting cold. Marquette University recently announced the firing of nearly 40 longtime staff members, while the university is set to bring in nearly $10 million in federal COVID stimulus money, which was ostensibly passed to help prevent layoffs like this one. | Protest organizers called out the administration, accusing them of lying in order to justify the terminations as COVID-related. Organizers say Marquette administrators have not provided any evidence that job cuts were fi…

Martin Hart-Landsberg (2021-01-30). The failings of our unemployment insurance system are there by design. mronline.org Our unemployment insurance system has failed the country at a moment of great need. With tens of millions of workers struggling just to pay rent and buy food, Congress was forced to pass two emergency spending bills, providing one-time stimulus payments, special weekly unemployment insurance payments, and temporary unemployment benefits to those not covered by …

news.un (2021-01-30). Fair Finance: How can the global inequality gap be narrowed? news.un.org Reducing inequality is one of the UN's flagship goals, but the gulf between rich and poor worldwide, remains persistently high. In the first of a special two-part series on the financial sector this weekend, Hiro Mizuno, the newly-appointed UN Special Envoy on Innovative Finance and Sustainable Investments, explains how the industry can help to create a fairer, more equitable world.

Grace Livingstone (2021-01-30). Review — Santiago Rising. zcomm.org Review of Santiago Rising, a new film which portrays the recent eruption of protest against inequality in Chile…

WSWS (2021-01-29). Sri Lankan stock market hits record high amidst rising COVID-19 infections. wsws.org While the government's policies are massively benefiting wealthy elites, the poor face escalating attacks on social conditions.

Staff (2021-01-29). Biden's $1.9 Trillion Stimulus Is a Vital Beginning for a New New Deal. truthout.org In his first three days in office, President Joe Biden signed no less than 30 executive orders and memorandums, many of which dismantle Trump's policies. This is an impressive achievement by any standard, but only so much can be done with executive orders and it is all but certain that most legislation will be blocked by Republican senators, thanks to filibuster, and with the possible help of some Democrats. In the meantime, Biden has proposed a $1.9 trillion stimulus for the coronavirus-hit economy…

news.un (2021-01-29). EU must place social justice 'at its core' to lift people out of poverty. news.un.org The European Union's failure to lift 20 million people out of poverty by 2020, is "a defeat for social rights", an independent UN human rights expert said on Friday, urging the bloc to boldly rethink its whole socio-economic approach.

Kenny Stancil, staff writer (2021-01-29). 'How About a Counter-Argument Based on Fact?': Warren Destroys CNBC Host Over Two-Cent Wealth Tax Criticism. commondreams.org "The wealthiest in this country are paying less in taxes than everyone else," said the Democratic senator. "If they added a two-cent wealth tax, they'd still be paying less than most of the people in this entire nation." | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/warren_wealth_tax2_0.png