Daily News Digest November 8, 2021

Daily News Digest November 8, 2021

Daily News Digest Archives

Images of the Day:

Global Warming: New WaysAnother Example of Capitalism as a Failed System: World Capitalism Was Aware of the Danger of Cornovavirus Threat Over 5 Years Ago and Did Nothing!:  Under Capitalism — Human Lives Don’t Matter  Capitalism Does Not, and Never Has, Worked for the Masses! In Its Death Agony, Capitalism Is Traveling About The World Like The Four Horsemen of the The Apocalypse, Spreading  Racism,  War, Famine, Pestilence, and Death. The Future of Humanity Is Now At stake!

Since World War I, ‘the war to end all wars’, there have been perpetual wars for perpetual peace, this Laura Gray’s cartoon from the front page of The Militant August 18, 1945, Under the Banner Headline: “There Is No Peace”During This Economic Crisis, Capitalism’s Three-Point Political Program: 1.Austerity,2. Scapegoat Blacks, Minorities, and ‘Illegal’ Immigrants for Unemployment, and 3.  The Iron Heel (Fascism)!    For Decades, Blacks Have Been Subjected to The Iron Heel!   Currently, the US Capitalist Class is Divided Over When — Not If, to Apply It to Everyone!

Due to Years of Austerity, Cuts to Public Health Care, And An Anti-Science and Profiteering President, The United States Now Leads the World In  Coronavirus Cases and Deaths in the World!

Always Remember:  That President Obama, With a Majority Democrat Legislature Supported the Wall Street Bailout and Remember, That he Established, in writing,  the United States Capitalist Austerity Program. —  The Race to the Bottom/Pauperization of the 99%!

Democracy?: As the Capitalist Robber Barons Steal from the 99%,  Only the 1% Voted For Austerity!   The 99% Should Decide On Austerity — Not Just The 1% Who, Profit From Austerity!!  Under Austerity, All of the World Will Eventually Be Pauperized, Humbled, and Desecrated Like Greece and Puerto Rico.!   Socialism Means True Democracy, that the 99% Will Rule, Not the Few!

Quotes of the Day:

The greatest purveyor of violence in the world : My own Government! — Martin Luther King

Breaking The SilenceVideos of the Day:

Going to Jail Can Become a Death Sentense!:  Hundreds of Incarcerated People Have Died Between 2015-2019 In Louisiana Jails And Prisons Due To Lack Of Government Oversight And Accountability. In the state of Louisiana, 786 inmates—none of whom were ever sentenced to death—died behind bars between 2015-2019 while serving out their prison sentences. Since Black people are already incarcerated at disproportionate rates, these deaths have been disproportionately among Black inmates. This information has not been publicly available until now, because no single authority in Louisiana is required to collect such data. When law professor Andrea Armstrong and her students took it upon themselves to conduct this research, they were shocked by what they found. In this episode of Rattling the Bars, TRNN Executive Producer Eddie Conway speaks with Armstrong about investigating the quiet horror happening inside Louisiana prisons and what can be done to stop it. Professor Armstrong joined the Loyola University New Orleans,College of Law faculty in 2010 and founded IncarcerationTransparency.org, a database that provides facility-level deaths behind bars data and analysis for Louisiana and memorializes the lives lost.

United States:

The United States is not a Democracy (A government in which the supreme power is vested in the people and exercised by them directly)! Only the 1%, through. their ownership of the Reublicrats, who profit from war and the war budget, voted for War and the war budget — A policy, which Gore Vidal called a  Perpetual War for Perpetual Peace. — The 99% Should Decide On War — Not Just The 1% Who Profit From War!  Under a Democracy, The 99% would have the right to vote on the policy of Perpetual War for Perpetual Peace! Every ‘Tax. Reform’ From President Kennedy has Been an incrase in taxes from the Poor,the Woking Class, and the Middle Class, to the Rich! —The United States takes from the poor and gives to the Rich.  Tax the Rich!  — They Can Afford To Pay!

Creeping Fascism!: An International United Kingdom Corporation has Their Own Private Army at he U.S. Border!:

Nearby stood a group of armed employees of G4S,transnational company with headquarters in the UK.  Nearby stood a group of armed employees of G4S, a transnational company with headquarters in the UK. They wore gray uniforms and black boots. One of them tossed the apple he was eating to the ground, Garcia told me afterward*, as they advanced behind the green-uniformed Border Patrol agent. What sparked the border agent’s anger, and led the battalion of G4S agents to advance, was that Garcia had said, “We don’t consent to a search.” . . . Garcia had been through the checkpoints and often faced this type of harassment. But that day the menacing G4S employees were something new. Employees of a multinational corporation were stationed on the only road from the O’odham reservation to Tucson because the company had contracts with Customs and Border Protection, 25 of them signed from 2008 to 2019 and collectively worth $653.3 million. The company’s nondescript white van that was parked off to the side was in fact a moving jail cell in which they transported arrested migrants (and, for that matter, possibly Garcia). “We understand the bigger picture and challenges of keeping borders secure,” the company boasts on its website.  But there is something more to G4S than simply forming part of the border industrial complex. The company both contributes to and benefits from climate change displacement. In a 2014 report to the Carbon Disclosure Project (CDP), G4S described extreme weather as a “potential source of business,” citing a UN projection of “50 million” future climate refugees. G4S wrote, “Climate change presents a risk to people and infrastructure across the globe. As an organization that specializes in managing risk, we recognize that the threat of climate change is an important and growing concern for our group, our customers, and communities.” At the same time, for decades fossil fuel corporations have also contracted prominent border security companies, such as G4S, to protect oil pipelines and shipping routes, among other things. Both the oil companies and the world’s highest-emitting countries hire these private security firms to maintain the polluting business as usual while preventing the migration of those who are displaced by this catastrophic status quo. G4S isn’t the only global corporation betting on climate catastrophe for larger profits. Raytheon, for example, also told CDP that climate change might cause “humanitarian disasters, contribute to political violence, and undermine weak governments” and that “demand for its military products and services” may arise “as results of droughts, floods, and storm events.” And Cobham, a British company that sells surveillance systems (Australia being one of its top contractors), said that “changes to countries [sic] resources and habitability could increase the need for border surveillance due to population migration.” What these corporations are saying is reinforced in market forecasts. A 2021 growth projection by Marketand Markets describes the homeland security market as “ripe” ($668.7 billion in 2021 to $904.6 billion by 2026), partly thanks to “dynamic climatic conditions” and “rising natural calamities.” — The Border Industrial Complex

Last month, a wealthy buyer paid $20.9 million for a mansion with 8,600 square feet of living space that includes five bedrooms, seven bathrooms, and an interior courtyard with an olive tree. The buyer’s name, according to a news article that was widely shared on social media, is Daoud Wardak. Little is known about Wardak except that his father was a defense minister in Afghanistan and his older brother founded an obscure logistics company that landed more than a quarter billion dollars in U.S. military contracts.    It’s not clear how Wardak was able to purchase his new residence or the $5.2 million condo he also owns in Miami Beach, Florida. But what’s known is that nearly half of U.S. military expenditures since 9/11 — the total is about $14 trillion — have gone to contractors. Some are global brands of lethality, such as Raytheon and General Dynamics, while others are pop-up entities with headquarters that are post office boxes. The money that has vanished through corruption is legendary as well as unknowable, because the Pentagon has never passed an audit, and until recently, it didn’t even try to conduct one. — After Afghanistan Disaster, The Pentagon is on Track to Get Even More Money

Biden to Unleash ‘Irrevocable Climate Chaos’ if US Fracked Gas Export Projects Proceed: Groups  The fact that dozens of LNG and pipeline projects are being seriously considered for approval by the Biden administration is deeply alarming! “To limit global warming to 1.5°C, the U.S. must ultimately stop building new export terminals and pipelines that prop up this dangerous fossil fuel worldwide.”Environment:         The Covid Pandemic Has Proven, That, Under Capitalism, Collective Action of Nations  is No Longer Possible!:      Every Solution to Potential Humancide, That  Iv’e Seen, States That Collective Action is Nesessay to Prevent the Catastrophe of Severe Global Warming! To Have Collective Action A New Economic World is Necessay! As Rosa Lunenburg Stated Over a Hundred Years Ago: Socialism or Barbatism! In 2021 the slogan shout be Ecosocilalism or Humanicide!—  A Global Ecosocialist Society!

The destruction and degradation of ecosystems release large amounts of greenhouse gases into the atmosphere, but ecosystem restoration would help reduce the carbon being released, enabling scientists to cap the temperature rise at 1.5°C. Limiting carbon dioxide emissions is not the only benefit of ecosystem restoration: Restoring ecosystems can increase land productivity and fertility, provide safe havens for biodiversity and help coastal wetlands buffer storm surges. — In Global Climate Change Fight, Half q Degree Could Make All the Difference

COP26: Capitalsts ‘Prompise’ 1.8°C! But instead, the early days of the conference saw a flurry of new commitments to climate action, beginning with India’s pledge to hit net-zero by 2070 and a new 2030 methane target adopted by more than 100 countries. “If all those pledges were to be implemented, the temperature increase [caused by climate change] could be limited to 1.8°C,” Birol said. “We’ll see in nine days, but for the moment that’s an achievement to celebrate.”— 1.8°C IN SIGHT? Only If Everyone Keeps Their Promises

So far no ‘promises’ kept!: COP26 trundles on in Glasgow with little sign that anything significant is being agreed towards reversing global warming and ending the degradation of nature.  Beneath all the media headlines, governments and corporations are not putting their money where their mouths are.  The financial support for measures to reduce carbon emissions and other destruction of the environment is pitiful. In 2009, the major rich nations promised they would send at least $100bn a year in climate finance to poorer countries by 2020. That understanding formed the basis of the 2015 Paris climate accord, which aimed to limit global warming to well below 2C, ideally 1.5C. But on the eve of COP26, donor countries admitted they had missed that target in 2020. Now they expect to reach it in 2022 or 2023, years later than planned. — Financing the Climate

More Than 100,000 Take to Streets on Global Day of Action for Climate Justice “We can either intensify the crisis to the point of no return, or lay the foundations for a just world where everyone’s needs are met.” The COP26 Coalition is a United Kingdom-based alliance of civil society groups and trade unions mobilizing around climate justice during the ongoing United Nations climate summit in Scotland. That’s where governments “will decide who is to be sacrificed, who will escape, and who will make a profit,” the coalition said. “We can either intensify the crisis to the point of no return, or lay the foundations for a just world where everyone’s needs are met.” Saturday’s actions in every corner of the globe came one day before the start of the People’s Summit for Climate Justice, where ordinary individuals can “discuss, learn, and strategize for system change.” From Sunday through Wednesday, participants can attend workshops in Glasgow or join online events.Jack Ohman: The Forest for the Trees!

  Fossil Fuel Lobbyists Have Larger Presence at COP26 Than Any Single Country: Report If we’re serious about raising ambition, then fossil fuel lobbyists should be shut out of the talks and out of our national capitals. “COP26 is being sold as the place to raise ambition, but it’s crawling with fossil fuel lobbyists whose only ambition is to stay in business.”

Ellen Brown: Wall Street’s Latest Scheme Is Monetizing Nature Itself Amonth before the 2021 United Nations Climate Change Conference (known as COP26) kicked off in Scotland, a new asset class was launched by the New York Stock Exchange that will “open up a new feeding ground for predatory Wall Street banks and financial institutions that will allow them to dominate not just the human economy, but the entire natural world.” So writes Whitney Webb in an article titled “Wall Street’s Takeover of Nature Advances with Launch of New Asset Class”      Called a natural asset company, or NAC, the vehicle will allow for the formation of specialized corporations “that hold the rights to the ecosystem services produced on a given chunk of land, services like carbon sequestration or clean water.” These NACs will then maintain, manage and grow the natural assets they commodify, with the end goal of maximizing the aspects of that natural asset that are deemed by the company to be profitable. 

Civil Rights/ Black Liberation:

Labor:

Economy:

Shadow Government Statistics Daily Update (November 5th to 8th) Despite Highly Questionable Headline Payroll-Employment Gains, October 2021 Payrolls Continued to Hold Well Shy of Economic Recovery

  • Worst-Ever 12-Month, Quarterly and Monthly Real Merchandise Trade Deficits (Third-Quarter and September 2021) Continued Pummeling U.S. Economic Activity, Despite FOMC Happy Hype

  • November 2021 FOMC Announced It Would Taper Its Regular $120 Billion in Monthly Asset Purchases by $15 Billion in November and by Another $15 Billion in December 2021; Such Would Continue, Assuming the Rather Doubtful Presumption of No Further Economic Downturn, or That No “… Risks Emerge That Could Impede the Attainment of the [FOMC] Committee’s Goals”

  • University of Michigan’s October Consumer Sentiment Continued to Hold Near Its New Pandemic Trough • “Advance” Third-Quarter 2021 Annualized Real GDP Growth of 2.02% Was Entirely in Increased Inventories, Where Final Sales Declined at an Annualized Pace of 0.07% (-0.07%), the First Decline Since the Great-Recession, Outside of the Initial Pandemic-Collapsed Quarters

  • Separately, Third-Quarter ShadowsStats Corrected GDP Contracted by 0.05% (-0.05%) • Headline Year-to-Year GDP Inflation Hit a 38-Plus Year High of 4.53%

  • September 2021 Money Supply Growth Continued Surging at Record High Levels • Preliminary-October 2021 Monetary Base Growth Softened Minimally

The Inspector General Investigating the Trading Scandal at the Fed, Reports to Fed Chair Jerome Powell, Whose Own Trading Is Dubious Fed Chair Jerome Powell was quick to refer an investigation into the Fed’s trading scandal to the Inspector General of the Federal Reserve. Notably, he did not refer the matter to the U.S. Department of Justice which has criminal prosecution powers. Unlike the Inspector General of the U.S. Department of Justice, as well as more than 30 other Federal agencies, the Inspector General of the Federal Reserve is not nominated by the President of the United States and confirmed by the U.S. Senate. Instead, the Inspector General of the Federal Reserve is appointed by the “head” of the Federal Reserve Board of Governors; he reports to that same Board of Governors; and he can be terminated by them with a two-thirds vote. . . . In addition to the trading scandal that forced former Dallas Fed President Robert Kaplan and former Boston Fed President Eric Rosengren to step down, at least three current members of the Fed’s own Board of Governors, including Chair Powell, have come under scrutiny for their trading activities.

World:

In contrast to the United Nations General Assembly, which represents all the world’s nations, the G20 is a self-selected private club of the top tier of global wealth, only one step below the even-more-exclusive G7 club. Its members are mostly economic powerhouses, with a handful of exceptions of developing nations such as India, China, South Africa, Mexico, and Argentina.Proudly proclaiming that G20 nations “account for more than 80 percent of world GDP” and “75 percent of global trade,” the club sets the rules of global finance. Summit host Mario Draghi, the Italian prime minister, said the 2021 gathering demonstrated that multilateral decision-making is once more possible, declaring, “We have succeeded, in the sense of keeping our dreams alive,” with no mention of how self-serving the exclusive club really is. How the Wealthiest Countries Schemed to Avoid Economic Commitments at COP26

People Worldwide Name US as a Major Threat to World Peace. Here’s Why How is it that people across the globe have come to agree that the United States is now one of the primary threats to world peace and democracy? . . . . All this occurred within the first 30 or so years after the end of World War II. By the time the 21st century came around, the U.S. was the only military and economic superpower in the world. Yet, that did not put an end to U.S. imperial ambitions. A “global war on terrorism” was initiated in the aftermath of the terrorist attacks of September 11, 2001, with the U.S. ending up by 2013 being seen by people around the world as “the greatest threat to world peace.”  What are the roots of U.S. imperialism? What has been the impact of imperial expansion and wars on democracy at home? Is the U.S. empire in retreat? In this interview, scholar and activist Khury Petersen-Smith, who is Michael Ratner Middle East Fellow at the Institute for Policy Studies, discusses how U.S. imperialism has undermined democracy, both home and abroad, with the wars abroad even being tied to police brutality at home.

Health, Education, and Welfare:

The government of the United States can pass laws in a few days to spend tens of trillions of dollars for war and the bailout of Wall Street and the bankers. Yet, those who pass universal healthcare for themselves, but cannot spend even one trillion dollars for universal health for those who are ‘governed’! This is what is considered, by the powers to be,  a democracy and part of the democratic way. — Roland Sheppard, Let the People  Vote on Healthcare!