Daily News Digest December 10, 2020

Daily News Digest Archives

Another Example Capitalism as a Failed System: World Capilalism Was Aware of the Danger of Cornovavirus Threat Over 4 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!    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!

Images  of the Day:

‘The Greatest Deomocracy of the World!’

Quotes 0f the Day:

So, while much of the pioneering work on mRNA vaccines was done with government money, the privately owned drugmakers will walk away with big profits, while governments pay for vaccines they helped to fund the development of in the first place! — COVID Vaccines: calling the Shots

The current coronavirus pandemic is a prime example of governmental responsibility. Individuals cannot be blamed for the virus, and the much-beloved market cannot solve the crisis either. Instead, the coronavirus pandemic has destroyed the neoliberal belief that the individual is responsible, and the market is the best mechanism to solve problems. The first belief is that the free market is the panacea for almost all issues. However, letting the free market deal with the coronavirus resulted in the needless death of thousands. — It’s the Government, Stupid!

Videos of the Day:

Covid-19 Spikes Four Times Higher In Prisons and Jails: ‘This Lack of Concern For Human Lives is Calculated’

People’s Vaccine: Calls Grow for Equal Access to Coronavirus Vaccine as Rich Countries Hoard Supply

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. Rax the Rich!  — They Can Afford To Pay!

Argentina Passes “Millionaire’s Tax” to Fund Covid-19 Recovery — The United State Does’t Even Tax Bilionaires! New Research Shows ‘Pandemic Profits’ of Billionaires Could Fully Fund $3,000 Stimulus Checks for Every Person in US “America’s billionaires could pay for a major Covid relief bill and still not lose a dime of their pre-virus riches.” America’s 651 billionaires have gained so much wealth during the coronavirus pandemic that they could fully pay for one-time $3,000 stimulus checks for every person in the United States and still be better off than they were before the crisis.That’s according to new research released Wednesday by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS), groups that have been tracking the “pandemic profits” of U.S. billionaires since mid-March. By Jake JohnsonIlhan Omar Rips Congress for Approving $740.5 Billion Bill to ‘Appease Defense Contractors’ While Skimping on Covid Relief “It is unconscionable to pass a Pentagon budget that continues to fund unnecessary projects and endless wars during a time of widespread suffering across our country.” By Jake Johnson

Want Vaccines Fast? Suspend Intellectual Property Rights As some reports would have it, this is the beginning of the endThree coronavirus vaccines have posted excellent results, with more expected to come. But this is not the beginning of the end; it is only the beginning of an endless wait: There aren’t enough vaccines to go around in the richest countries on earth, let alone the poorest ones. That’s why it makes little sense that the United States, Britain and the European Union, among others, are blocking a proposal at the World Trade Organization that would allow them, and the rest of the world, to get more of the vaccines and treatments we all need. The proposal, put forward by India and South Africa in October, calls on the W.T.O. to exempt member countries from enforcing some patents, trade secrets or pharmaceutical monopolies under the organization’s agreement on trade-related intellectual property rights, known as TRIPs. By Dean Baker, Achal Prabhala and Arjun Jayadev

The Pandemic and the Normalization of Death The United States is in the midst of one of the most intense periods of mass death in the nation’s history. More than 16,000 people have died from the coronavirus in the course of just one week, an average of 2,300 every day. By way of comparison, during the 1918 “Spanish flu” pandemic, some 675,000 people in the US lost their lives over two years, an average of less than 1,000 people every day. In 1995, at the height of the horrific AIDS epidemic, 41,000 people died in a single year, amounting to approximately 112 people per day, or 1/20th the current rate of death. Within the next few days, the total death toll from the coronavirus will surpass 300,000, or nearly one out of every 1,000 people in the entire country. The coronavirus is now the leading cause of death in the United States, surpassing heart disease and cancer. By Andre Damon and  David North

The Senate’s Latest COVID Stimulus Won’t Solve the Hunger and Housing Crisis After months of fruitless negotiations, the latest COVID relief package is emerging from Congress as a stopgap measure meant to hold the nation over until President-elect Joe Biden takes office and Congress begins a new session next year.  For the time being, hopes are pinned on a $908 billion proposal drawn up by a bipartisan group of moderate lawmakers that includes only a fraction of the funding that advocates say is necessary to contain a widespread hunger and housing crisis in the middle of a pandemic that has claimed more than 280,000 lives in the U.S. By Mike Ludwig

If Biden Is Serious About Healing the Country, He Must Change Education Policy It’s time to address the many mental health crises brought on marginalized students by the U.S. education system. We hope that our schools are safe and nurturing places where children build the intellectual and emotional skills they need to grow into healthy adults. Unfortunately, for many children in the U.S., the reality falls far short of this aspiration. In fact, according to psychologist and education scholar, Lee-Anne Gray, Psy.D., the American school system is nothing short of traumatic for many Black students and other students of color. In her book, Educational Trauma: Examples From Testing to the School-to-Prison Pipeline, she exposes how schooling in the U.S. routinely undermines students’ mental health, limits their potential, and, in the worst cases, causes lifelong harm. By Peter HandelEnvironment:

Superfund Cleanup: Taxpayers Are Paying To Clean Up Pollution, Rather Than the Polluters Themselves.  The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980, or Superfund, is designed to grant authority to the Environmental Protection Agency (EPA), states and Native American tribes to manage and clean up the nation’s most dangerous waste sites.     Superfund gives the EPA the responsibility to address acute local and national environmental emergencies that threaten public health and the  environment.    Most importantly, Superfund creates a system where polluters have to pay for the messes they create. The EPA identifies the potentially responsible parties (PRPs) that created hazardous sites and requires them to fund and/or manage the cleanups.

What is the Polluters Pay fee and why isn’t it being collected?

  • The Polluters Pay fee is one of the ways Superfund ensures that people responsible for pollution fund its clean up. The EPA would collect a fee from the petroleum and chemical industries, which was used to fund cleanups for pollution sites that had no clearly identifiable responsible party or were polluted by bankrupt parties.

  • The fee also served as a motivation to switch to less hazardous production methods.

  • The tax has not been collected since 1995, however, and by 2004 there was no longer any money in the Superfund. Now, EPA is forced to fund Superfund through taxpayer money— taxpayers are paying to clean up pollution, rather than the polluters themselves.

Civil Rights/Black Liberation:

Economy:

Watchdog Report: Fed’s Billions in Emergency Repo Loans to Wall Street Didn’t Go Away in June; They Just Went Dark The U.S. Senate Banking Committee, the House Financial Services Committee, and the U.S. mainstream business media now thoroughly qualify as the dumb tourists snapping photos of the raging bull statue on Wall Street as the Wall Street banks loot the country for the second time in a decade.Last Thursday the Financial Stability Oversight Council (pronounced F-SOC) released its 2020 Annual Report. Those tend to be tediously boring reports that tell one nothing meaningful about the true state of the Wall Street mega banks, so we just got around to perusing the document yesterday. Mixed in with the typical snooze-worthy minutiae was a bombshell that made us sit up straight in our chair. Those cumulative repo loans totaling more than $9 trillion to the trading houses on Wall Street that the Fed had been making from September 17 of 2019 – months before the onset of COVID-19 anywhere in the world – didn’t actually stop in July as the daily data from the Fed made it seem. The New York Fed simply went dark and stopped reporting how many billions of dollars a week it was funneling to miscreant mega banks on Wall Street as food pantry lines grew by miles across the U.S. and 3.3 million small businesses were forced to shutter. By Pam Martens and Russ Martens

World:

China: SOE Bond Defaults Show Turbulent Days Ahead A string of bond defaults by hitherto top–rated Chinese state owned companies in November has cast a shadow over China’s relatively firm economic recovery from the downturn set off by the COVID–19 pandemic. This shows that the Chinese state is fundamentally unable to avoid the organic crisis of the capitalist system. By Parson Young

Education, Health, Science, and Welfare:

 

‘Ignorance is Strength!’: When People are No Longer Taught The Bill of Right, How Can They Defend Their Rights?: How Many Americans Know U.S. History? Part I