A dream fulfilled for the Red Tribers.
President Donald Trump said he’s considering an enforced quarantine for parts of New York and New Jersey to curb the U.S. coronavirus outbreak.
Trump told reporters he had spoken with New York Governor Andrew Cuomo Saturday morning before departing the White House to send off a Navy hospital ship bound for New York City from Norfolk, Virginia.
The president said he’d rather not impose a quarantine on the region, but that the country may need it. Asked about his ambition to urge many Americans to return to work by the U.S. Easter holiday on April 12, Trump said “we’ll see what happens.”
Crises usually produce a wave of idiocy, from the bottom to the top.
Asian-American leaders have condemned what they say is continued racism, fear-mongering and misinformation that is targeting Asian communities amid the coronavirus pandemic that originated in China. – Associated Press
While no firm numbers exist yet, Asian-American advocacy groups and researchers say there has been a surge of verbal and physical assaults reported in newspapers and to tip lines. – The New York Times
President Trump, who has been accused of racism in labeling the pandemic the “Chinese virus,” said Monday that Asian-Americans were not responsible for spreading the disease and needed to be protected. – Reuters
New York Post
President Trump on Friday signed a $2.2 trillion coronavirus rescue package as the pandemic devastates the nation’s economy, sickens more than 103,000 Americans and killed nearly 1,700 others.
“This will deliver urgently needed relief to our nation’s families, workers and businesses and that’s what this is all about,” Trump said as he signed the largest stimulus deal in U.S. history.
Here is a breakdown of this historic bailout:
Not a penny for the money-changers. Mutualize the banksters.
By Zachary Warmbrot
Tucked inside Congress’ $2 trillion economic rescue package for America is sweeping authority for the government to come to the aid of the one industry that has insisted it doesn’t need a bailout: the big banks.
Lenders that the government saved in the 2008 financial crisis have been touting the strength of their balance sheets heading into the coronavirus pandemic. But Congress is backstopping them anyway with a provision in the bill that would give the Federal Deposit Insurance Corp. power to guarantee checking accounts beyond the $250,000 in deposit insurance that it now offers bank customers.
It’s time to syndicalize the healthcare and pharmaceutical industries.
By Jessica Corbett
As the number of global COVID-19 cases soared past 254,000 and the death toll topped 10,000 on Friday, concerns persisted—particularly in the United States—about healthcare costs related to the ongoing outbreak, limited testing and protective medical supplies, and how corporations may try to cash in on the public health crisis.
The Intercept‘s Naomi Klein, author of the 2007 book The Shock Doctrine: The Rise of Disaster Capitalism, warned earlier this week in a video about “coronavirus capitalism” that the U.S. and other governments are “exploiting” the COVID-19 pandemic “to push for no-strings-attached corporate bailouts and regulatory rollbacks.”
Klein took to Twitter Friday to highlight a New York Times report about how—although President Donald Trump on Wednesday signed legislation that orders free testing for COVID-19—even people with health insurance could face high medical bills, which experts worry will deterring people from seeking treatment.
Burger King places Passover blood on its doorposts?
By Grace Perry
Burger King? More like Burger Reasonable Distributor Of Capital to the Working Class. Burger King UK announced this week that it won’t be paying their quarterly rent checks, instead using that cash to keep its employees paid. CEO Alisdair Murdoch didn’t mince words when he told BBC Radio’s Today show about his plans: “We are not intending to pay our rent.” Okay, Alisdair! Noted!
On Monday, Prime Minister Boris Johnson issued stay-at-home orders to the British Isles, similar to what we’re experiencing in the States. Though restaurants can still do takeout and delivery, Burger King is shuttering stores for the duration of the lockdown. The CEO of the British chain Yo! Sushi (what?) made the same choice as the Burger King, telling The Financial Times that not paying rent is “not really a choice. It’s just a basic piece of economics.” Teach me about economics, Yo! Sushi guy!
The current public health/economic crisis is definitely a reminder of why I am an anarchist. Thus far, the responses to the situation by the various factions of the state/ruling class/power elite have been as follows:
Republicans: “The ruling class is suffering. Let’s bail them out! Maybe give a little bit of stuff to the peasants as well so they don’t pitchfork us.”
Neoliberals: “Let’s see if we can be even bigger scumbags that the Republicans! Aim high!”
Conventional Democrats: “We can use this bailout thing to get some more loot for our preferred categories of parasites!”
Libertarians: “Do nothing! Let the state-corporate economy take care of it. That’s how the free market works!
Leftists: “Expand the welfare state! Nationalize the means of production! New Class Uber Alles!”
As I have said before, the appropriate anarchist response to this situation is to initiate a debt strike (i.e. no more payments to state-supported institutions, e.g. banks, corporations, landlords, universities, utility companies, medical-industrial-complex, etc.) and demand reparations from the state/ruling class (i.e. reclamation/liberation of previously looted resources).
And we don’t want just forty acres and a mule. We want the whole damn plantation.
Tom Woods is joined by Professors Joseph Salerno and Peter Klein join me to discuss the economics of the extraordinary episode we are currently living through, as well as the likely consequences of how the federal government and the Federal Reserve are responding.
A relevant quote from the comments thread:
“Capitalism requires the State in order to operate. The modern state has been reconfigured to serve neoliberal needs. Also the govt is not a household, it is the Bill Gates of the economy . When the govt cuts spending it impacts spending in the private economy. Plus the financialisation of the economy means Capital is free to operate outside borders & is not required to invest in its country of origin. Tax cuts benefit owners of Capital. There is no guarantee that they will invest domestically.”
By Tal Axelrod
A measure that will suspend federal student loan payments for six months is part of the sweeping coronavirus stimulus package that President Trump signed into law Friday afternoon.
As part of the legislation intended to blunt the economic fallout of the coronavirus pandemic, the measure mandates that lenders cease all payments on the loans through the end of September.
Interest will not accrue and non-payment will not impact credit scores in the interim period.
The law also requires lenders to alert borrowers that the payments have been suspended within 15 days of the bill’s signing and resume alerts on August 1 that the payments will resume.
People still can choose to pay down the principal on their loans over the next six months.
Private student loans, which account for roughly 12 percent of all education loans in 2018-2019, according to the College Board, are not impacted by the law.
Great Depression Two.
By Chris Kahn
Nearly one in four U.S. adults said they have been laid off or furloughed during the coronavirus outbreak, yet a bipartisan majority of Americans wants businesses to remain closed to slow the spread of the deadly virus despite its impact on the economy, according to a Reuters/Ipsos poll.
The March 26-27 opinion poll, released Friday, also showed that the public is much more likely to heed the advice of doctors and local government officials than President Donald Trump.
Trump, who predicted in February that the virus would quickly disappear “like a miracle,” has communicated an uneven level of concern for the disease, which has infected more than 85,000 people in the United States and killed more than 1,200.
The president took a hardline approach earlier this month when he urged people to gather only in small groups. Later he appeared to change course, telling reporters that he would like businesses to reopen by Easter, on April 12.
The poll showed that most Americans do not want that.
Eighty-one percent said the country should continue social distancing initiatives, including “shelter at home” orders, “despite the impact to the economy.” This includes 89% of Democrats and 70% of Republicans.
Jubilee! Jubilee! “Hell, no, we won’t pay!”
By Laura Grace Tarpley
Many employees are out of work or facing reduced hours as US businesses temporarily close to prevent the spread of the coronavirus. Lenders are empathizing with people who are struggling to pay their bills during the pandemic.
If you reach out to companies, you may be able to pause any of these eight bills – and make life a little less stressful during the outbreak.
1. Memberships and subscriptions
It may seem like we’re beating a dead horse by recommending you cancel memberships and subscriptions to save money. But while people might normally tell you to cut out frivolous expenses like streaming services, that’s not necessarily the best move here.
After all, you’re going to be spending a lot of time at home. Is now really the time to delete your Netflix account?
Instead, think about expenses that will no longer be relevant while you’re self-isolating. If your gym is closed indefinitely, pause your monthly payments. If you’re a season ticket holder to an amusement park that has closed or for a sports team whose season has been canceled, call the ticket office to discuss cancellation.
By Clare Hymes
U.S. Attorney General William Barr on Thursday directed the Bureau of Prisons to increase the use of home confinement among older inmates with underlying conditions as a means to mitigate the spread of coronavirus within the country’s prison system. As of Thursday, 10 inmates and eight staff members have tested positive for COVID-19 in federal facilities.
“There are particular concerns in this institutional setting. We want to make sure that our institutions don’t become Petri dishes and it spreads rapidly through a particular institution. We have the protocols that are designed to stop that and we are using all the tools we have to protect the inmates,” Barr said in a virtual press conference on Thursday.
According to the attorney general, the bureau holds 146,000 inmates spread across 122 facilities nationwide, not including the 21,000 inmates that are incarcerated in facilities run by private contractors. About 10,000 inmates are over the age of 60 years old, a third of which have pre-existing conditions.
Sexual assault is apparently fine if it helps neoliberals win elections.
Nowhere. I always said Lizzie the Scamster was a fraud and I was right.
Krystal and Saagar talk about Joe Biden’s cringe-worthy appearance on the Jimmy Kimmel show.
Alexandria needs to start pushing for two things: debt jubilee (no rent, mortgages, etc.) and reparations to the working class (UBI, unemployment compensation, etc)