Daily News Digest May 26, 2020

Daily News Digest Archives

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! And Now the Total Caronavirs Deaths in the United  States are Over 20%  of the Total Death in the Entire World!

Another Example Capitalism as a Failed System: World Capilalism Was Aware of the Danger of Cornovavirus Threat 4 Years Ago and Did Nothing!

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 War, Famine, Pestilence, and Death. The very future of Humanity Is Now At stake!occupy1

Laura Gray’s cartoon from the front 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, that the 99% Will Rule, Not the Few!

Images of the Day:

Steve Bell On Donald Trump’s Medicine Backdown 

Quotes of the Day:

In any case, many people in the poorer countries most at risk do not have electricity, never mind air conditioning. There, many rely on subsistence farming requiring daily outdoor heavy labor. These facts could make some of the most affected areas basically uninhabitable, says Horton. Kristina Dahl, a climatologist at the Union of Concerned Scientists who led a study last year warning of increasing future heat and humidity in the United States, said the new paper shows “how close communities around the world are to the limits.” She added that some localities may already be seeing conditions worse than the study suggests, because weather stations do not necessarily pick up hot spots in dense city neighborhoods built with heat-trapping concrete and pavement. A separate study led by Stanford University published last month shows that from 1979-2013, the average U.S. agricultural worker has already experienced dangerously high heat-index conditions on 21 days of the May-August growing season. It projects that, without emissions reductions or adaptive measures, that exposure will double; in the Southeast, those conditions will span the entire growing season. Steven Sherwood, a climatologist at the Australia’s University of New South Wales, said, “These measurements imply that some areas of Earth are much closer than expected to attaining sustained intolerable heat. It was previously believed we had a much larger margin of safety.”— Deadly Combinations of Heat and Humidity Increasing Worldwide

Videos of the Day:

For Whom Trump’s Bell Tolls:   Coronavirus Deaths ‘Disproportionately High’ For Black and Ethnic Minority People

Climate Crisis: EU Green Stimulus, Meat Apocalypse, Public Lands, Climate Music  In this week’s Climate Crisis News Roundup, COVID-19 has meat production in crisis, but what’s its climate impact? And a new report says President Trump has the worst public lands protection record in history, while the EU and Spain will soon release a green economic stimulus plan.Correction Officers And Inmate Advocates Prepare For Action At Jessup Prison

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 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.

The Crumbling United States Infrastructure: Deferred Maintenance is Now Coming Home to Roost!:     Thousands of Run-Down US Dams Would Kill People If They Failed, Study Finds

  • 17% of 91,000 US dams classified with ‘high hazard’ potential
  • Neglected infrastructure in focus after Michigan dam failures

More than 15,000 dams in the US would likely kill people if they failed, and at least 2,300 of them are in poor or unsatisfactory condition, according to recent data from the federal government’s National Inventory of Dam The country’s neglected and deteriorating dam infrastructure is coming to light as heavy rains and two dam failures in Michigan have caused catastrophic flooding and forced thousands to evacuate their homes in the middle of the coronavirus pandemic. By Emily Holden 

New York City And Los Angeles Slash Budgets — But Not For Police As the coronavirus pandemic devastates the economy and tax revenues drop massively across the U.S., cities have begun to prepare for the hard times ahead by proposing slashed budgets and reduced public services at a time when so many of their residents need them more than ever. But the austerity measures won’t be doled out equally across services. In New York City, where officials are projecting a $7.4 billion drop in tax revenue, the proposed budget for next year is $3.4 billion less than last year, with education and youth services facing some of the deepest cuts — and only very modest cuts slated for the police department. In Los Angeles, the police department is the lone city agency that is not facing serious cuts; it is also slated to receive additional funds for police overtime, even as other city workers are furloughed. By Alice Speri

Whoever Is Elected, War Is the Policy Exceptional America Believes That the Sovereignty of Other Countries Is Impermissible Unless It Serves Washington’s Interests Secretary of State Mike Pompeo tells us that despite the record of destroying in whole or part eight countries in recent years, the US is a “force for good.” This is the Trump regime’s version of the neoconservative doctrine espoused by President Clinton’s Secretary of State Madeleine Albright: “If we have to use force, it is because we are America; we are the indispensable nation. We stand tall and we see further than other countries into the future, and we see the danger here to all of us.” The notion that Iraq was a danger to the US shows imbecility. The inhumanity of Washington’s response to the “danger” was sanctions that resulted in the deaths of 500,000 Iraqi children. When asked on national television if a half million dead children achieved a justified purpose, the heartless Albright said that it was “a very hard choice, but the price, we think the price is worth it.” By Paul Craig Roberts

Cuomo Order That Sent Estimated 4,300 Covid-19 Patients to Nursing Homes Denounced as ‘Single Dumbest Decision Anyone Could Make’ “It was a death sentence.”New York Gov. Andrew Cuomo is facing new criticism after the Associated Press reportedFriday that a state directive led to over 4,300 still recovering coronavirus patients being sent to New York’s “already vulnerable nursing homes.” “It was a death sentence,” tweeted Daniel Choi, a doctor at the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell. He called the directive a “horrendous idea” and “definitely not something any doctor taking care of nursing home patients would have signed off on.” By Andrea Germanos

Trump Hails “Good Bloodlines” of Henry Ford, Whose Anti-Semitism Inspired Hitler  Donald Trump’s cAMPAIGN to change the subject from the coronavirus pandemic took a bizarre turn on Thursday, as the president paused during a speech at a Ford Motor Company plant in Michigan to praise the “good bloodlines” of the family descended from the firm’s founder, Henry Ford, a notorious anti-Semite and favorite of Adolf Hitler. In an apparent ad-lib, Trump looked up from his prepared remarks — which praised the firm for teaming up with General Electric to produce ventilators and face shields for medical workers — to observe that Henry Ford’s descendants, like the current chairman, Bill Ford, who had introduced the president, have “good blood.” By Robert Mackey

In 1938, Henry Ford accepted Nazi Germany’s highest honor for foreigners, The Grand Cross of the German Eagle, for his service to the Third Reich. The award was presented by two Nazi diplomats in Detroit, along with a personal message from Adolf Hitler. Photo: Associated Press File

Environment:

Race, Wealth And Public Spaces: US Beaches Are a New Flashpoint of the Lockdown Beaches are a polarizing issue amid the pandemic. Experts say that’s because a ‘frenzy of privatization’ led to smaller, more crowded public spaces By Ankita Rao

 Civil Rights/BlackLiberation:

Labor:

Homelessness Could Rise 45 Percent in One Year Due to Unemployment Crisis The rash of layoffs sparked by the coronavirus pandemic and statewidelockdowns are expected to increase homelessness by up to 45%, according to a new analysis by an economist at Columbia University.The analysis estimates that about 250,000 people could be left homeless as a result of skyrocketing unemployment. The Department of Housing and Urban Development estimated that there were 568,000 homeless people in the country in January, before the outbreak. By Igor Derysh

 Economy:

The Banksters Revolving Doors:

Meet the Man Loosening Bank Regulation, One Detail at a Time   Some say Randal Quarles is giving big banks a gift, little by little. Others call it needed fine-tuning. He pledges allegiance to efficiency.  In his first 21 months on the job, Randal K. Quarles, the Federal Reserve’s vice chairman for supervision and regulation, met at least 22 times with partners at his former law firm, Davis Polk & Wardwell, which represents many of the nation’s largest banks.  Those meetings, disclosed in public schedules and other releases, suggest a closeness between America’s most important bank regulator and the industry he watches over. Mr. Quarles was a bank lawyer at Davis Polk in the 1980s and ’90s. At the Fed, he has conferred with former colleagues there, including Randall Guynn, a close friend. They at least occasionally came alongside officials of banks they represent, including Goldman Sachs, and trade groups including the Securities Industry and Financial Markets Association.  But the gatherings also suggest Mr. Quarles is meticulously completing the job President Trump nominated him to do. He is perhaps the most central player as regulators reassess bank rules put into place quickly, and often bluntly, in response to the 2008 financial crisis. Lawyers at Davis Polk, which has built a reputation as a top financial services practice, know how the rules are working and what the banks find problematic. By Jeanna SmialekThe Fed’s Top Wall Street Cop Was Bilked out of $1 Million in a Brazen Stock Fraud – Here’s Why It Matters to You Randal Quarles is the Vice Chairman for Supervision at the Federal Reserve Board. This is the most important position among Federal regulators when it comes to sniffing out and preventing the kind of systemic in-house bank frauds that collapsed much of Wall Street in 2008 and brought on the greatest U.S. economic downturn since the Great Depression.  On November 26, 2018, Quarles was also appointed to a three-year term as Chairman of the Financial Stability Board, the international standard-setting body for financial stability around the globe. Financial stability at the largest global banks that Quarles oversees is looking less certain today than it has since the last financial crisis. Quarles is playing a key role in helping Fed Chairman Jerome Powell establish emergency lending facilities that are making trillions of dollars in revolving loans to Wall Street banks and trading houses while simultaneously telling the public that the banks he supervises are “well capitalized.” (If they are well-capitalized, why do they need these trillions of dollars from the Fed — a money spigot that began months before the coronavirus outbreak anywhere in the world.) By Pam Martens and Russ Martens

World:

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 to be,  a democracy and part of the democratic way. — Roland Sheppard, Let the People  Vote on Healthcare

Capitalists Clash Over Hunt For COVID-19 Vaccine As billions of dollars are invested into creating a vaccine for COVID-19, the imperialists are only interested in protecting their intellectual property and settling scores with one another. Meanwhile, global bodies like the WHO further reveal their impotence in the face of this international public health emergency. Diplomats from all over the world met on Monday for the annual world health assembly(congress of the World Health Organisation). Following some promising developments towards creating a vaccine, the online meeting focused on a single resolution, proposed by a number of EU nation-states, for a “voluntary patent pool”. The billed objective is to stop the wealthiest countries from monopolising drugs and viable vaccines for use against the novel coronavirus. By  Joe Attard

Big Brother meets COVID-19 COVID-19 has triggered a global economic crisis. The world economy was limping along before pandemic-related workplace closures pushed it over the edge. Production is disrupted, lives are torn apart, and governments are sinking into debt.  The UK  and German economies  are officially in recession. According to the chair of the US Federal Reserve, “The scope and speed of this downturn are without modern precedent.” This is a revolutionary situation. The ruling class can no longer rule in the old way, and the ruled are unwilling to be ruled in the old way. There are two possible outcomes to this crisis: the ruling class (temporarily) stabilize their social order; or the ruled organize themselves to take power. Capitalists understand this. Their media warn, “This Pandemic Will Lead to Social Revolutions” and “The Revolution Is Under Way Already.” By Susan Rosenthal‘Here We Go Again’: Hospitals Sitting on Billions in Cash Got Golden Bailouts Compared to Those Serving Poorest “If you ever hear a hospital complaining they don’t have enough money, see if they have a venture fund.” While critics have noted in recent weeks the ways in which the Covid-19 pandemic has “laid bare some of the dysfunctions and inequalities in the American healthcare system,” new reporting Monday reveals how some of the wealthiest hospital groups in the United States have received huge infusions of federal rescue funds even as they sat on billions of dollars in cash reserves and poorer hospitals and clinics struggle to maintain bare-minimum levels of service. By Jon Queally