Daily News Digest June 2, 2021

Daily News Digest Archives

Images Of the Day:

Bendib: Political Climate ChangeThis Is WhyAnother Example Capitalism as a Failed System: World Capilalism 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!    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:

A hundred years ago the American white men used to put on a white sheet and use a bloodhound against Negroes. Today they have taken off the white sheet and put on police uniforms and traded in the bloodhounds for police dogs, and they’re still doing the same thing. — Malcolm X

Videos 0f the Day:

Wallstreet Banksters Insider Trading

Report Documents 32,542 Police Killings in U.S. Since 2000 with Vast Undercount of People of Color

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 ownershipof 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! The United States takes from the poor and gives to the Rich.  Tax the Rich!  — They Can Afford To Pay!

High Crimes: Why JPMorgan Chase Hasn’t Sacked Jamie Dimon After 5 Felony Convictions For years we’ve been trying to figure out why JPMorgan’s Board of Directors hasn’t sacked its Chairman and CEO, Jamie Dimon, as the bank racked up two felony counts in 2014 for its failure to alert U.S. regulators to glaring red flags in the bank account it held for Bernie Madoff’s Ponzi scheme; one felony count in 2015 for rigging foreign exchange markets; and two more felony counts just last month for rigging the precious metals and U.S. Treasury market. (The bank admitted to all five counts.) In addition, the bank came under another criminal investigation in 2012 and 2013 when it lost $6 billion of its bank depositors’ money gambling in credit derivatives in London (the London Whale scandal). By Pam Martens and Russ MartensAfter Pouring Over $1 Trillion Into Fossil Fuel Finance, CEOs of 6 US Banks Testify Before Congress Despite talk of an energy transition and a wave of fossil fuel bankruptcies, big bank CEOs described plans to continue business with beleaguered fossil fuel industries. Despite talk of an energy transition and a wave of fossil fuel bankruptcies, big bank CEOs described plans to continue business with beleaguered fossil fuel industries. This week, the House and Senate called in the CEOs of six big banks for two wide-ranging hearings that lawmakers touted as efforts to hold “megabanks accountable,” the first time in roughly two years that the heads of major banks have collectively appeared before Congress. Combined, the six CEOs lead organizations that have poured over $1 trillion in financing into the fossil fuel industry since the Paris Agreement was signed in 2015, based on the numbers tallied in a 2021 report from Rainforest Action Network and other environmental advocates. By Sharon Kelly

Six US Tech Giants Paid Almost $100 Billion Less in Taxes From 2011 to 2020 Than Reported: Analysis “Substantive tax avoidance is still embedded within many large multinationals and nothing less than a root-and-branch reform of international tax rules will remedy the situation,” said one critic. By Kenny Stancil

Environment:

 

‘Dire Consequences’:  Over a Third Of Heat-Related Deaths Caused by Global Warming Central and South America and Southeast Asia are the hardest hit regions (London School of Hygiene & Tropical Medicine, May 31, 2021) Between 1991 and 2018, more than a third of all deaths in which heat played a role were attributable to human-induced global warming, according to a new study in Nature Climate Change.  The study, the largest of its kind, was led by the London School of Hygiene & Tropical Medicine (LSHTM) and the University of Bern within the Multi-Country Multi-City (MCC) Collaborative Research Network. Using data from 732 locations in 43 countries around the world it shows for the first time the actual contribution of man-madeCivil Rights/Black Liberation:

Exclusive: Nypd Took Hours to Respond to Mass Looting, Despite Quickly Cracking Down on Protests Internal city documents show slow responses to mass looting, as NYPD’s heavily militarized riot squad cracked down on protests.  New York City was in dire straits. The city’s death toll from the coronavirus had just crossed 20,000. Its citizens were in the grips of the worst economic crisis since the Great Depression. Countless stores had permanently closed, and many others were barely hanging on. Then, a Minneapolis police officer murdered George Floyd, igniting an uprising across New York City and the nation. A day of citywide mass protests on May 31, a week after Floyd’s death, was followed by chaos in the night. Hundreds of people who had no apparent connection to the protests commanded the streets of Manhattan’s SoHo district, home to many high-end stores. They looted businesses, and robbed each other, with impunity. Burglar alarms blended with the roaring of getaway engines, the chaotic medley punctuated every few moments by tumbling plywood, crashing plate glass, and grating steel. Then a gunshot went off, as a 21-year-old man was shot. The police were nowhere to be seen. By John Bolger Labor:

Economy:

 

Shadow Government Statistics s Flash Commentary, Issue No. 1460a Industrial Production Revisions and Implications for the U.S. Business Cycle

• Benchmarked Industrial Production Revised Sharply Lower; Both Manufacturing and Mining Were Hit Hard

• New Numbers Indicate the Economy Was in a Deepening Recession, Well Before the Pandemic Shutdown and Collapse

• New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak

• New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak

• Manufacturing Sector Has Never Recovered Pre-Great Recession Peak Levels

• April 2020 Pandemic/Economic Trough Revised Lower by 5.1% (-5.1%)

• Economic Recovery Is Not as Close as Hyped by the Consensus Outlook

• Negative Implications Here for the July 29th GDP Benchmarking

• Chances Are Reduced for Moderating Extreme Monetary and Fiscal Policies

• Evolving Circumstances Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

World:

Einstein: Israel’s “Freedom Party” Nazi and Fascist!:

Albert Einstein, Hannah Arendt, Sidney Hook, et.al.:  Letter to The New York Times. December 4, 1948 New Palestine Party. Visit of Menachen Begin and Aims of Political Movement Discussed Among the most disturbing political phenomena of our times is the emergence in the newly created state of Israel of the “Freedom Party” (Tnuat Haherut), a political party closely akin in its organization, methods, political philosophy and social appeal to the Nazi and Fascist parties. It was formed out of the membership and following of the former Irgun Zvai Leumi, a terrorist, right-wing, chauvinist organization in Palestine. The current visit of Menachem Begin, leader of this party, to the United States is obviously calculated to give the impression of American support for his party in the coming Israeli elections, and to cement political ties with conservative Zionist elements in the United States. Several Americans of national repute have lent their names to welcome his visit. It is inconceivable that those who oppose fascism throughout the world, if correctly informed as to Mr. Begin’s political record and perspectives, could add their names and support to the movement he represents.   Before irreparable damage is done by way of financial contributions, public manifestations in Begin’s behalf, and the creation in Palestine of the impression that a large segment of America supports Fascist elements in Israel, the American public must be informed as to the record and objectives of Mr. Begin and his movement.
The public avowals of Begin’s party are no guide whatever to its actual character. Today they speak of freedom, democracy and anti-imperialism, whereas until recently they openly preached the doctrine of the Fascist state. It is in its actions that the terrorist party betrays its real character; from its past actions we can judge what it may be expected to do in the future.  . . .

From the Somme to COVID, the Deadly Toll of Bad Leadership Dominic Cummings criticised the British government response to the Covid-19 pandemic as a case of “lions led by donkeys”, a phrase commonly used to describe British military leaders in the First World War. He may have intended simply to abuse Boris Johnson and some of his ministers as catastrophically inept, but the comparison is valid and revealing. In the four-month Battle of the Somme in 1916 some 125,000 British soldiers were killed compared to 127,000 dead so far in the pandemic in 2020 and 2021. Nobody has any doubt that the catastrophic loss of life in the First World War battle was greatly increased by the incompetent and overconfident leadership of General Sir Douglas Haig and General Sir Henry Rawlinson, who was in charge of day-to-day operations. Haig had earlier saved Rawlinson from being sacked so he felt compelled to carry out whatever his commander-in-chief told him to do, even when he knew that Haig’s decisions were wrong and likely to lead to the mass killing of British soldiers. By Patrick Cockburn

Britain: Gulf Between the Classes Prepares the Way for Revolutionary Upheavals Big business politicians like Joe Biden and Boris Johnson are promising to ‘build back better’, with investment and jobs. But in reality, the working class will be presented with the bill for capitalism’s crises. Storms and struggle lie ahead.     It wasn’t supposed to be like this. Capitalism in its old age was supposed to be sedate. Instead there are crises and profound instability everywhere.     The shock of the coronavirus crisis over the last year has certainly upended the situation. The pandemic is still raging in most countries, and new more viulent variants are emerging. By some estimates, up to 12 million have already died from COVID-19 worldwide.

Education, Health, Science, 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 

Watchdog Shines Light on Big Pharma’s ‘Fierce’ EU Lobbying Campaign Against Vaccine Patent Waiver “The public is being left in the dark as to the demands, influencing strategies, and full firepower of the Big Pharma lobby at a time when the debate over who gets to keep monopoly control of Covid-19 patents is raging.” By Jake Johnson