Daily News Digest February 17, 2020

Daily News Digest Archives

Laura Gray’s cartoon from the page of The Militant August 18, 1945, under 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   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 , thet the 99% Will Rule, Not the Few!

Image Of the Day:

End Usurey Cancel All Household Debts!: End the Pauperization of the 99%!: Household Debt Tops $14 Trillion and Reaches New Record

Videos of the Day:

First Amendment Activist Hospitalized After Brutal Arrest

700,000 Displaced as Syria and Turkey Descend into War

Quotes of the Day:

In February 1918, after the Russian Revolution, the repudiation of the debt by the Soviet government shocked international finance and triggered unanimous condemnation by the governments of the great powers. The British, and especially the French, had lost millions of pounds of foreign investment in Russia. The revolutionary Russia completely fell out of the world economy and sealed itself up in isolation, which would not be disturbed until the need to fight with others nations arose during the Second World War. —   Repudiation of Debt at the Russian Revolution

As the United States enters the twenty-first century, power over the  American mass media is flowing to the top with such devouring speed that it exceeds even the accelerated consolidations of the last twenty years. For the first time in U.S. history, the country’s most widespread news, commentary, and daily entertainment are controlled by six firms that are among the world’s largest corporations, two of them foreign.  Even with the dramatic entry of the Internet and the cyber world with their uncounted hundreds of new firms, the controlling handful  of American and foreign corporations now exceed in their size and communications power anything the world has seen before. Their intricate global interlocks create the force of an international cartel.  There are pernicious consequences. While excessive bigness itself is cause for economic anxieties, the worst problems are political and social. The country’s largest media giants have achieved alarming success in writing the media laws and regulations in favor of their own corporations and against the interests of the general public. Their concentrated power permits them to become a larger factor than ever before in socializing each generation with entertainment models of behavior and personal values. The impact on the national political agenda has been devastating, For years, the mainstream news has over dramatized its reporting of congressional and White House debate on the national debt and deficit beyond their intrinsic importance. Politicians raised the issue, but it was seized upon and overblown by the major media–media that politicians use as a bellwether on what issues will get them the  most public attention and partisan advantage. During these crucial years, the American economy was undergoing an astonishing phenomenon that the mainstream news left largely unreported or actually glamorized in its infrequent references: the largest transfer of the national wealth in American history from a majority of the population to a small percentage of the country’s wealthiest families. — The Media Monopoly 2002

. . .The other (quote ((sometimes attributed to Disraeli))) identifies three species of mendacity, each worse than the one before—lies, damned lies, and statistics.  — Stephen Jay Gould, PhD

U.S.:

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 Republicrats and who profit from war and the war budget, vote 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! The United States takes from the poor and gives to the Rich.

Student loans—two dreaded words whether you’re a parent, student or college grad. It’s not news to you that over the past decade, college tuition prices have steadily increased and so has student debt. In the first quarter of 2019, student loan debt rose to $1.49 trillion—that’s more than the national totals for auto loan debt (1.28 trillion) and credit card debt (850 million). — U.S. Average Student Loan Debt Statistics in 2019

Trump’s Lies are but a caricature of the mendacity of the United States Capitalist Class.

Environment:

Record Climate Disasters Hit Africa … And Worse Is Coming: A YEAR oF RECORD CLIMATE DISASTERS IN AFRICA While the world literally burns from climate and political turmoil, it is possible for Africa and other vulnerable regions to be overlooked. In an age where powerful leaders and corporations are willfully in denial of the unfolding climate catastrophe, the news media could be drawn to focus more on assassinations, upcoming elections and the warmongering triggered by the petro-military complex. It is critically important that the world pays attention to the disastrous impacts already being experienced in Africa, and other vulnerable territories. 2019 was a year of extreme weather events across the world. Sweltering heat hit much of the world. Raging wildfires were recorded in Brazil, Bolivia, Australia and the United States of America. Massive floods ravaged even cities like Venice, famed to be able to handle floods.Climate change was implicated in exposing over 33 million Africans (spread across Madagascar, Malawi, Mozambique, Zambia, Zimbabwe, South Sudan, Sudan, Ethiopia, Somalia and Kenya) to food insecurity emergencies. The food situation has been compounded by the erosion of food sovereignty due to the loss of biodiversity. Violent conflicts and poverty add another dimension to the dire situation and raises the number of those vulnerable to over 52 million. By Nnimmo Bassey (Nnimmo Bassey is a Nigerian environmentalist activist, author and poet. He chaired Friends of the Earth International from 2008 through 2012 and was Executive Director of Environmental Rights Action for two decades. He is director of the ecological think-tank, Health of Mother Earth Foundation (HOMEF), based in Nigeria.)

Temperature in Antarctica Soars Past 69°F as NOAA Reports Last Month Was World’s Hottest January on Record While the reading in Antarctica still needs to be confirmed, the Brazilian scientists who logged it called the new record “incredible and abnormal.” As the National Oceanic and Atmospheric Administration on Thursday announced that last month was the hottest January ever recorded, the Guardian reported that Brazilian scientists logged a new record-breaking temperature of 20.75°C, or 69.35°F, at Seymour Island in Antarctica on Feb. 9. The newspaper noted that the new record, along with one logged on Feb. 6 by Argentina’s Esperanza research station at the northern tip of the Antarctic peninsula, “will need to be confirmed by the World Meteorological Organization, but they are consistent with a broader trend on the peninsula and nearby islands, which have warmed by almost 3°C [37.4°F] since the pre-industrial era—one of the fastest rates on the planet.” By Jessica CorbettWestern States Petroleum Association Tops CA Lobbying Expenses with $8.8 Million Spent in 2019 The Western States Petroleum Association (WSPA), the largest and most powerful corporate lobbying group in California, placed first in the annual lobbying “competition” in California in 2019 with $8.8 million spent on influencing legislators, the Governor’s office and other state officials, a position it captures most years. The San Ramon-based Chevron spent the third most money on lobbying in California last year, spending a total of $5.9 million. When you add the $8.8 million from WSPA and the $5.9 million from Chevron, that comes to a total of $14.7 million spent of lobbying between the two oil industry giants. Most notably, the money spent on lobbying by WSPA, Chevron and other oil companies was successful in preventing the Legislature from approving Assemblymember Al Muratsuchi’s AB 345, a bill to ensure that new oil and gas wells not on federal land are located 2,500 feet away from homes, schools, hospitals, playgrounds and health clinics, by Dan Bacher

Will Climate Change Provoke a Widespread Revival of Socialism? In the wake of Australian fire storms, global crop loss and catastrophic climate shifts, billions of people are recognizing the dangers to society and life itself presented by capitalism’s profit-driven despoiling of nature. At the same time, the last 40 years of deepening inequality inside virtually all nations have undermined their social cohesion, and increasingly, capitalism’s mechanisms are being blamed. Anti-capitalism is exploding across many political landscapes. One broad socialist response to ecological crisis has produced a global eco-socialist movement and a rich set of eco-socialist writings. They rightly argue that a solution to the ecological crisis requires a transition from capitalism to socialism. Profit-driven capitalism is the problem that socialism can solve. Likewise, socialists argue, today’s extreme economic inequalities flow from capitalism. Socialism’s traditionally egalitarian focus on state redistributions of wealth and income has attracted mass interest and support. By Richard D. WolffCivil Rights/ Black Liberation:

Karl Marx was one of the first to oppose the colonial oppression of the world’s masses. He did not mince his words in, he wrote: The discovery of gold and silver in America, the extirpation, enslavement, and entombment in mines of the aboriginal population, the beginning of the conquest and looting of the East Indies, the turning of Africa into a warren for the commercial hunting of black-skins, signalized the rosy dawn of the era of capitalist production.  … If money … comes into the world with a congenital blood-stain on one cheek, capital comes dripping from head to foot, from every pore, with blood and dirt. — Capital”, Volume One, Part VIII, Chapter 31, (the) “Genesis of the Industrial Capitalist

Labor:

Economy:

Firgures Don’t Lie, But Goverment liar Cans ‘Firgure’ Dept.: Shadow Government Statistics Alternate Inflation Charts CPI Year-to-Year Growth The CPI-U (consumer price index) is the broadest measure of consumer price inflation for goods and services published by the Bureau of Labor Statistics (BLS).  While the headline number usually is the seasonally-adjusted month-to-month change, the formal CPI is reported on a not-seasonally-adjusted basis, with annual inflation measured in terms of year-to-year percent change in the price index. In the charts to the right we show two SGS-Alternate CPI estimates: One based on the pre-1990 official methodology for computing the CPI-U, and the other based on the metho

Fed Chair Powell Is a Member of a Private Club with a History of Racism and Sexism Congresswoman Katie Porter opened a hornet’s nest on Tuesday during a House Financial Services Committee hearing where Fed Chair Jerome Powell answered questions. As we reported, Porter held up a photo of Powell in black tie attending a lavish party for billionaires and politicians at the Washington D.C. home of one of the richest men in the world, Amazon CEO Jeff Bezos. As it turns out, that wasn’t even the worst part of the story. The real jaw dropper is that the Bezos party was the after-party for a secretive private club’s annual dinner. The so-called Alfalfa Club is a 107-year old, invitation-only club that bars the press from attendance and banned membership of blacks and women for the bulk of its existence. Fed Chair Powell is a member of that club. More on that shortly, but first some background. By Pam Martens and Russ Martens

Health, Science, 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 ‘governn’, pass universal healthcare for themselves, but they cannot spend even one trillion dollars for universal health for those who are ‘governed’! This is what is considered, by the powers the to be,  a democracy and part of the democratic way. — Roland Sheppard, Let the People  Vote on Healthcare! 

NPR and the Escalating Attack on Single-Payer Health Care  National Public Radio’s Mara Liasson this weekend entered a new term into the corporate liberal establishment’s attack on single payer healthcare. Mandatory Medicare for All. As in — do you want Bernie Sanders’ Mandatory Medicare for All — or Mayor Pete Buttigieg’s Voluntary Medicare for Those Who Want It? It was the first time that the term “Mandatory Medicare for All” popped into the mainstream debate over single payer national health insurance. By Russell Mokhiber