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Images of the Day:
Malcolm X
Another Example of 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!
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”
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:
Big Pharma Fails: Had the drug discovery efforts initiated during the 2003 SARS epidemic been continued and come to fruition, antiviral medications to treat Covid-19 would have been on the shelf to help contain the pandemic, or at least better treat Covid-19 patients. Unfortunately, those efforts were abandoned. — COVID and Pandemic Eonomics
“This is an antiquated industry that is knowingly and willfully poisoning the planet and killing millions of people every year. And governments of the world — which ultimately means you and me and everyone else who pays taxes — are essentially paying them to do it.” — Sandra Steingraber, Thanks to Big Oil, Your Tax Dollars Are Spent Ruining the Climate
Videos of the Day:
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!
Indigenous Activists March In Washington To Demand Action On Climate Crisis – Live Protesters urge US president to declare climate emergency US marks federal holiday of IndigenousPeoples’ Day
Indigenous Coalition to Biden: Communities Need Clean Water and Climate Action, Not ‘Empty Words’ “Biden has consistently fallen short of protecting the water that sustains all life on Mother Earth and continuously failed to honor our treaties.” On the heels of President Joe Biden’s proclamation formally marking Indigenous Peoples’ Day, a coalition of Indigenous and environmental leaders on Sunday delivered a blunt message to the White House: “We don’t need performative proclamations, our communities are dying.
The Media Monopoly, By Defininition, is Opposed to Freedom of thePress!: The Grotesque Silence of Journalists Who Say Nothing About CIA Plans to Assassinate Julian Assange A recent bombshell report was met by Western establishment media with ghoulish indifference—a damning indictment of an industry that feverishly condemns attacks on press freedom in Official Enemy states.
Forget the Huddled Masses, Bring Us Billionaires This past week has seen the release of still another blockbuster look at the world’s super rich. This one — now known the world over by the simple shorthand of the “Pandora Papers” — has come courtesy of the International Consortium of Investigative Journalists. The group worked with news organizations from 117 nations to analyze over 11.9 million documents leaked out of 14 offshore financial firms. What those firms all have in common: They provide confidential “administrative services” for financial pros who specialize in concealing the wealth of the world’s deepest pockets.
From Columbus to Enbridge: Colonial Exploitation Continues It’s somehow fitting irony as Indigenous Day approaches on Oct. 11 — once known by another name — that a new Columbus is about to pump oil through Line 3, the last tar sands pipeline. That is the colonial-like corporation Enbridge. Maybe President Joe Biden will think about this one and stop the dirty oil from burning our rivers and air. The Indian wars could be over. After all, no one needs this pipeline, plus it’s the dirtiest and most expensive oil in the world to extract and produce. In one narrative, the Canadian corporation won. Columbus conquered anew, proof that might and money remain the rulers.
‘Code Red’ for Climate Means Reducing US Oil and Gas Production Now This summer, the report from the United Nations’ Intergovernmental Panel on Climate Change warned that keeping the increase in global temperature under 2 degrees Celsius would be “beyond reach” without “immediate, rapid and large-scale” reductions in global warming emissions. UN Secretary General António Guterres called it “code red for humanity.”
‘To Change Course of History,’ US Climate Movement Takes Aim at Biden White House Five days of direct action and civil disobedience are planned this week to denounce “broken promises” and demand ambitious action against the planetary threat. Organizers for climate justice are making final preparations Sunday ahead of five days of planned actions this week to confront President Joe Biden over the urgent need to declare a climate emergency, ditch fossil fuels, and move swiftly to create a green energy economy that can create millions of new jobs in the process.
Environment: 
US Lags Behind Most of the World When It Comes to Plastic Pollution Regulation In recent years, countries across the globe have implemented laws to mitigate plastic production and pollution.In the past two years, both large developed nations like Australia and smaller developing countries like Sri Lanka and Belize have passed ambitious national laws to phase out a number of plastic products like bags, cutlery, and straws. But the U.S., a leading producer and consumer of plastics, remains woefully behind, even as it stands as one of the world’s biggest polluters.
Thanks to Big Oil, Your Tax Dollars Are Spent Ruining the Climate The same dynamic keeps playing out over and over: the rich pollute, the poor suffer, and the rich really don’t care About $11 million a minute. That’s the amount of direct and indirect subsidies the International Monetary Fund calculates the global fossil fuel industry receives to ensure that cooking the planet remains profitable for them. If you do the math, it comes to about $5.9 trillion a year. As The Atlantic’s Robinson Meyer has pointed out, only $826 billion of that comes from actual price cuts or tax breaks. The rest is calculated from damages caused from the environmental and health costs of carbon pollution. But that’s sorta the point. This is an antiquated industry that is knowingly and willfully poisoning the planet and killing millions of people every year. And governments of the world — which ultimately means you and me and everyone else who pays taxes — are essentially paying them to do it. Huntington Beach oil spill, one week later. Our takeaways:
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What took so long? Satellite imagery shows that by 7pm last Friday there was an oil slick bigger than 500 football fields floating on the water right next to one of the busiest ports in North America. The leak must have begun hours earlier. But the operator didn’t take action to shut down the pipeline until 6am Saturday, and didn’t notify authorities until 9am. Precious response time lost, that likely made this spill much worse.
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Why isn’t the pipeline buried? Coast Guard video clearly shows the pipeline sitting fully exposed on the seafloor, vulnerable to damage from anchors and fishing gear and strong storm waves. But the 40-year-old permit application by Shell Oil Co. states it will be buried so the top is 4′ below the seafloor – and where it passes through the anchorage zone it will be buried at least 10′. What happened?
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What about the other 300+ miles of seafloor oil pipeline along California’s coast? How much of that pipeline – most of it decades old – is exposed on the seafloor? How regularly and thoroughly is it all being inspected, to catch signs of damage and corrosion and repair those problems before a spill can occur? Are those inspection logs and reports submitted to government authorities, and made freely available to the public, so independent experts can review and make sure nothing serious is being overlooked by the pipeline operators?
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Let’s retire all this old oil infrastructure — a huge jobs program — so we can move on to an energy future that doesn’t constantly threaten chaos, and environmental and economic ruin. It’s time. — Sky Truth, Why California’s Enormous Oil Spill Won’t Be Its Last
Why California’s Enormous Oil Spill Won’t Be Its Last While the US Coast Guard believes a ship’s anchor may have damaged the pipeline months ago, California’s ageing oil infrastructure will also bear increasing scrutiny. Experts say that the devastating spill is unlikely to be the last, especially in a rapidly changing industry where equipment is primed to suffer from underinvestment and lack of attention.
The Amazon Rainforest is Losing 200,000 Acres a Day. Soon It Will Be Too Late Since 1988, humans (Capitalists) have destroyed an area of rainforest roughly the size of Texas and New Mexico combined In short, the Amazon is dying. Entire genetic libraries and symphonies of species – trees, birds, reptiles, insects and more, eons in the making, fine-tuned by natural selection – are being wiped out to make room for methane-belching cows.
Civil Rights/ Black Liberation:
The Slave Trade Fueled the Rise of Capitalism!: 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
Hydrarchy, Maritime Resistance, and the Production of Race: An interview with Marcus Rediker It is essential to talk about the slave trade now, because we still live its heavy history and consequences every minute of the day. This is especially true in the former slave societies of the United States, the Caribbean, and Latin America, but it is also true for Europe, which benefit- ted massively from the slave trade and the global institution of slavery. The slave ships are ghost ships still sailing around the edges of our modern consciousness. Their legacy in the present is discrimination, deep poverty, structural inequality, and premature death.
Labor:
Economy:
Stagflation: A Demand Or Supply Side Story? The semi-annual meetings of the IMF and World Bank start today where finance ministers and central bankers will meet in a slimmed-down but in-person gatherings in Washington. This meeting is likely to be overshadowed by the scandal involving the IMF chief Kristalina Georgieva, who may well have been forced to resign as I write after a devastating report on the machinations of senior World Bank officials several years ago. Georgieva has been accused of manipulating data on ‘Doing Business’ to favour China, Saudi Arabia and other states while she was at the World Bank several years ago. The scandal has divided IMF members, with the US pushing for her to go and European powers wanting her to stay. But more important than even whether we can ever rely on the scientific honesty of the World Bank and the IMF is what is happening to the world economy as these international agencies meet to review progress on the recovery from the pandemic slump in 2020.
Super-Imperialism The updated and expanded 3rd edition of Super Imperialism: The Economic Strategy of American Empire is now available. This highly respected study of U.S. financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception. Forensic detail reveals how the world’s core economic functions were sculpted to preserve US financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic order has become apparent; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world’s poorest countries have been plunged into insurmountable debt crises. The book became famous for detailing how the removal of the gold standard left the world’s central banks with only one alternative vehicle: to hold their international reserves in U.S. Treasury.
The U.S. Banking System Is More Dangerous Today than in 1929, Thanks to the Fed’s Reg U and Swaps – Two Well-Kept Secrets from the Senate Banking Committee Regulation U is a 1936 Federal Reserve rule, that is still in force today, that allows federally-insured, taxpayer backstopped commercial banks to make margin loans for speculating in stocks. Unlike 1936, however, Wall Street trading houses are today allowed to own their own federally-insured, taxpayer backstopped commercial banks. That has allowed a lot of mischief to occur in the making of margin loans for speculating in the stock market. We’ll get to the details of all that in a few moments, but first some necessary background.
World:
500 Years After the Fall of Mexico-Tenochtitlán: A Marxist Perspective This year marks the 500th anniversary of the capture of Cuauhtémoc [the last Aztec ruler] on 13 August 1521 by the Spanish invaders, an event that marked the date of the fall of Mexico-Tenochtitlán. This fall represented a very important stage in the process of the ascent of capitalism and its worldwide rise to dominance. It was one of the starting points of capitalist globalisation. And it represented a clash between two modes of production: capitalism in its early stage of development, and the mode of production of the Mesoamerican
UK Crisis: Bankrupt Britain is Heading For the Rocks Britain is in turmoil, with the crisis in the economy spreading at relentless speed, affecting one sector after another – from empty shelves and food shortages, to supply chain disruption and fights at petrol stations.
Rotting Red Sea Oil Tanker Could Leave 8m People Without Water FSO Safer has been abandoned since 2017 and loss of its 1.1m barrels would destroy Yemen’s fishing stocks The impact of an oil spill in the Red Sea from a tanker that is rotting in the water could be far wider than anticipated, with 8 million people losing access to running water and Yemen’s Red Sea fishing stock destroyed within three weeks.
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!
Private Equity Is Sucking Up More and More Medicare Cash The fiscal year 2022 White House budget request accounted for $767 billion for Medicare and $518 billion for Medicaid, along with nearly $1.3 trillion in mandatory programs other than Social Security, making Medicare & Medicaid together over a fifth of the entire federal budget. Not surprisingly, trillions of dollars in government-guaranteed funding makes an attractive target for private equity investors. A May white paper from UC Berkeley and the American Antitrust Institute (AAI) found soaring investment by private equity in healthcare, growing to nearly $750 billion in the last decade, which ends up reducing competition and could negatively impact patient outcomes due to misalignment of sought-after profit margins with patients’ needs. Meanwhile, private equity firms have loaded up healthcare companies with debt in order to pull out cash for dividends to their owners. The Berkley-AAI study cites another February 2021 study that found that private equity ownership of nursing homes increases 90-day mortality for admitted Medicare beneficiaries by about 10%, which would mean an estimated 20,000 deaths.
The Care Movement Fights Back Against Cuts to Biden’s Historic Home Care Plan “The more beds they fill in nursing homes, the more money there is to be made,” said disability rights organizer Josue Rodriguez at a vigil outside the U.S. Capitol to demand increased investment in alternatives to institutionalized care. Rodriguez, who has cerebral palsy, explained that the profit motive, combined with a misconception that so-called “fragile” people like himself are incapable of living normal lives, has led to severe underfunding of home and community-based services for the elderly and disabled.
