Daily Archives: April 29, 2021

2021-04-29: News Headlines

Lawrence Wittner (2021-04-29). Amid Widespread Disease, Death, and Poverty, the Major Powers Increased Their Military Spending in 2020. globalresearch.ca The existence of widespread poverty in the world's mightiest military powers …

Lawrence Wittner (2021-04-29). The Major Powers Increased Their Military Spending in 2020. zcomm.org Perhaps, someday, people will ask whether increasing preparations for war was the best these governments could do as their populations sank into widespread disease, death, and poverty…

Staff (2021-04-29). How Lifting Intellectual Property Restrictions Could Help World Vaccinate 60% of Population by 2022. democracynow.org As new coronavirus cases surge across India, overwhelming hospitals and crematories, calls are growing louder for wealthy countries to stop hoarding excess supply of COVID-19 vaccines and to loosen intellectual property restrictions preventing more countries from making their own vaccines. We speak with economist Jayati Ghosh and Congressmember Ro Khanna of California.

Penza News (2021-04-29). Foreign Experts Assess Benefits Of Russia's Sputnik V Coronavirus Vaccine — Analysis. eurasiareview.com The Gamaleya National Research Center of Epidemiology and Microbiology of the Ministry of Health of the Russian Federation and the Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) announced that the Sputnik V vaccine demonstrated efficacy of 97.6%, based on the analysis of data on the infection rate of coronavirus among those in Russia vaccinated with both components of Sputnik V. | "The Ministry of Health of Russia maintains a register of persons who have been vaccinated, as well as citizens who have got infected with COVID as part of the Unified State Information System in Healthcare. Ac…

Pasqualina Curcio (2021-04-29). The Private Sector in Venezuela — Myth and Reality. orinocotribune.com By Pasqualina Curcio — Apr 25, 2021 | There are many myths about the private sector in Venezuela, the best known referring to its unquestionable efficiency. The following phrases are part of this mythology: "unlike the public sector, which is inefficient and corrupt, the private sector is the only guarantee of development" or "the only one that could get us out of this crisis is the private sector, and if it is foreign, big and transnational, even better" or "the only way to overcome poverty is with foreign private investment". In Venezuela, the most popular myth of these times is the one summarized in the f…

Ronald Newman (2021-04-29). Biden Must Make the Current Enhanced Child Tax Credit Permanent. aclu.org *This op-ed was originally Two children could be born on the same day in Anytown, USA. | Both born to loving families, healthy and at an average weight of seven pounds. However, one child is born into poverty and the other is not. The child born into poverty is more likely to experience toxic stress, suffer from environmental exposure to lead, develop diseases like asthma and experience trauma. | Growing up, the child is more likely to live in a school district with low-qua…

James North (2021-04-29). Save the Planet or End Poverty? How to Escape the Extractivist Dilemma. thenation.com Save the Planet or End Poverty? How to Escape the Extractivist Dilemma.

_____ (2021-04-29). How We Can Place The Wellbeing Economy At The Heart Of Our Cities. popularresistance.org Once upon a time, the growth of a country's Gross Domestic Product would actually lead to social progress. In the first few decades after the Second World War, growth was invested in collective institutions like health and education systems. Tax rates were progressive and growth was directed to those who needed it most. | Unfortunately, this so-called 'Golden Age of Capitalism' did not last very long. Within a few decades, we managed to shift to an economic system dictated by market fundamentalism. "We have been undermining our collective institutions, tax rates have been cut down for the very wealthiest and scie…

Staff (2021-04-29). In 2017 JP Morgan Called Bitcoin a Fraud, But in 2021 It Is Creating a Bitcoin Fund. orinocotribune.com JP Morgan Chase has decided to create an actively managed bitcoin fund for wealthy clients, according to a report by CoinDesk. | JPMorgan's bitcoin fund could launch as early as this summer, two sources told CoinDesk. Institutional bitcoin store NYDIG will serve as custody provider for JPMorgan, a third source said. | The report comes as the cryptocurrency rebounded from last week's losses on Monday, and its price rose above $55,000. | If conf…

Lawrence Wittner (2021-04-28). Amid Widespread Disease, Death, and Poverty, the Major Powers Increased Their Military Spending in 2020. counterpunch.org Last year was a terrible time for vast numbers of people around the globe, who experienced not only a terrible disease pandemic, accompanied by widespread sickness and death, but severe economic hardship. Even so, the disasters of 2020 were not shocking enough to jolt the world's most powerful nations out of their traditional preoccupation with

Lawrence Wittner (2021-04-28). Amid Widespread Disease, Death, and Poverty, the Major Powers Increased Their Military Spending in 2020. commondreams.org "Someday, people will ask whether increasing preparations for war by these nations—mostly designed to destroy one another—was the best these governments could do as their populations sank into widespread disease, death, and poverty." | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/views-article/thumbs/airforce-1.jpg

_____ (2021-04-28). How The Federal Reserve Is Increasing Wealth Inequality. popularresistance.org Ever since the COVID-19 pandemic struck, the Federal Reserve has gotten plenty of kudos for moves that have helped stabilize the economy, kept house prices from tanking and supported the stock market. But those successes have obscured another effect: the inadvertent impact the Fed's ultra-low interest rates and bond-buying sprees are having on economic inequality. | Longstanding inequality in the U.S. has been exacerbated by the Fed's role in touching off a multi-trillion-dollar boom in stock markets — and stock ownership is heavily skewed toward the wealthiest Americans. | In contrast, soaring stock prices…

Ariela Ruiz Caro (2021-04-28). The Main Obstacle in the Fight Against COVID: Inequality. zcomm.org The Western nations' propensity to protect Big Pharma's exorbitant profits impedes any cooperative global solution to this pandemic…

Antoinette Sayeh, Alejandro Werner, Ravi Balakrishnan, Frederik Toscani* (2021-04-28). What Comes After Commodity Super Cycle And Pandemic? Policies To Tackle Poverty And Inequality In Latin America — Analysis. eurasiareview.com Latin America entered the pandemic as one of the most unequal regions in the world. And like much of the rest of the world, it will come out of the pandemic poorer and more unequal. Early estimates suggest that

WSWS (2021-04-28). Nearly a third of UK children in poverty even before pandemic. wsws.org At least 4.3 million children (31 percent of all UK children) are in poverty—up from 3.6 million in 2010-11.

_____ (2021-04-28). Race, Poverty, Farming And A Natural Gas Pipeline. popularresistance.org Five years ago, the mayor of Hopkins Park, a Black, rural community in Kankakee County, Illinois, argued for building an immigration detention center there to boost the economy. The people who lived there said: No, thanks. | Mayor Mark Hodge now has another idea for new development in his town and the surrounding, historic farming community of Pembroke Township, south of Chicago. He's backing a proposal for a pipeline, built by the utility Nicor, that would run through the area and, he hopes, bring with it natural gas and a boost to taxes and the local economy. And again, some residents are not pleased. | "People…

Johanna Kichton (2021-04-28). People's Action Statement on President Biden's American Families Plan. peoplesaction.org Contact: Johanna Kichton, press@peoplesaction.org, 240.206.1145 WASHINGTON, D.C.—People's Action Campaigns Director Sondra Youdelman today released the following statement in response to President Biden's American Families Plan: "We are heartened to see President Biden's commitment to working class families. There is enormous potential to jumpstart our economy by redistributing the wealth in our country to make sure …

Jake Johnson, staff writer (2021-04-28). Biden Proposes Hiking Taxes on Richest Americans to Fund Universal Pre-K, Paid Leave, and More. commondreams.org "Taxes have become almost optional for the super-rich. President Biden's plan is a welcome first step in reversing wealth hoarding and tax avoidance." | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/biden_american_families_plan.jpg

Igor Derysh (2021-04-28). Key Democrats want to keep most of Trump's corporate tax cut — and slash more taxes for the rich. salon.com Even some of the most progressive members of Congress are demanding cuts that overwhelmingly benefit wealthy…

Kenny Stancil, staff writer (2021-04-28). 'Exactly What This Country Needs': Progressives Applaud Biden's Proposal to Raise Taxes on Wealthy. commondreams.org "The era of trickle-down nonsense is over—it's time to tax the rich." | www.commondreams.org/sites/default/files/styles/cd_special_coverage/public/headline/thumbs/tax_rich_biden.jpg

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