Daily News Digest November 15, 2022
Images of the Day:
In Every State With Abortion on the Ballot, Voters Defended Reproductive Rights 
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”, is Still True for Today’s World!
Capitalism as a Failed System: World Capilalism Has Been Aware of the Comming Catastrophe of Global Warming Over 5 Decades 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 very future of Humanity Is Now At stake!
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:
But modern U.S. billionaires don’t confine themselves to setting up or funding think tanks and other organizations intended to shape the public debate on key issues. It has now been 12 years since the Citizens United Supreme Court ruling opened up the floodgates to corporate donations and super PAC monies coming into elections. And, as a result, each election cycle since then has seen the growing consequences of this decision, as the super-wealthy use their money to prop up pet candidates and determine crucial citizens’ initiatives.In 2022, billionaire plutocrats, the U.S. equivalent of the Russian oligarchy, poured vast amounts of money into political races. Americans for Tax Fairness (ATF) recently released a report which calculated that, through the end of September, 445 billionaires had collectively donated close to $900 million to political candidates this election season. Among these, a handful — a mere 20, according to the report — made up the bulk of these contributions, between them donating more than $600 million. By the time the election was held on November 8, ATF estimated the total donations made by U.S. billionaires would top $1 billion. Indeed, in late October, The Washington Post calculated that the top 50 political donors had injected $1.1 billion into political races this expensive election season. — The Largest Political Donation in US History Took Place in the 2022 Midterms
The biggest supervillains in the world are not human, they’re corporations. On this episode of The Most Censored News with Lee Camp, Cargill Inc. gets dragged into the light. The agricultural conglomerate is the largest privately-held corporation in the U.S. by a large margin, and the current price increases in the food market are driving their profits higher. Camp exposes their corrupt practices that are leading to such high returns. — The Most Evil Company in the World? The Most Evil Company in the World?
Videos of the Day:
Nomi Prins On The Divide Between Financial Markets And The Real Economy
Scott Ritter: Why Is a Nazi Collaborator Ukraine’s National Hero?
Chris Hedges: America’s Leaders are a Danger to the World
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!
We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” ― Louis Brandeis
November 11, was Veterans Day: Veterans Day Was Supposed to Mark the End of the ‘War to End All Wars’! Instead, it marked the begining of United States Imperialism ’s Permanent World Wars for Permanent World Peace!
The candidates had no economic proposals that aided the 99%! There was no clear economic choices put forward by the Republicrats.
When a choice to protect a woman’s right to choose or tax the rich, the 99% voted to support those initiatives!
Ballot Initiatives Targeting Inequality Won Big on Election Day Voters nationwide—in blue states and red alike—approved hiking taxes on the wealthy, raising wages, and helping build union power for workers. Americans are sick and tired of seeing CEO pay and billionaire wealth in the stratosphere while working families are struggling with soaring costs. On this election day, voters in several states used direct democracy to do something about it. They voted to hike taxes on the wealthy, raise wages and build union power, help ordinary people afford basic necessities, and tackle the problem of big money in politics.
Nationally, there was no choice opposing wealth inequality or ecocide!
It is now strikingly clear, that Democrats are on a the 1%’spath to ecocide. That the Democratic Party is part of the problem! That it is rigged, by the 1%, to be unreformable! Several years ago the $15 minimum wage, was on the ballot and passed. Did the labor bureaucracy start campaigning to raise the minimum wage? Of course not! They have been in an open partnership with the 1%, since the defeat of the PATCO Strike in 1986! (This ‘partnership’ was codified in 1985 and during the Hormel Strike, when the entire AFL-CIO opposed workers fighting against the bureaucracy’s two-tier wage system and supported a scab union!)
The economic conditions are rotten ripe to form committees, local committees, not rigged by the 1%, to organize our fight for our unalienable rights to life liberty, and the pursuit of happiness!
It is time to fight Back! To form committees, to fight against inequality, and put ballot initiatives targeting wealth inequality and protecting our individual freedoms, that still exist!
Environment: Ecosocialism or Ecocide!:
Martin Wolf Delay Only Makes Climate Action More Urgent A huge acceleration in investment is necessary to help emerging and developing countries Please use the sharing tools found via the share button at the top or side of articles. The priority of COP27 in Sharm el-Sheikh is to ensure a continuation of life on this planet as we know it. Yet some argue that the goal of limiting the increase in temperatures above pre-industrial levels to the recommended 1.5C should be declared dead: it is no longer realistic. Adapting our goals to our failures is a defeat. If we fail to reduce emissions faster, we will end up having to spend far more on adaptation. We will also have to discover ways of removing vast quantities of carbon from the atmosphere. We may even have to adopt the fraught option of geoengineering. True, some, perhaps even much, of this might become inescapable in the end. Indeed, adaptation already is, as Pakistan’s flood disaster shows. Yet we must stop pouring greenhouse gases into the atmosphere. This remains a priority.
New York Passes $4.2bn Environmental Bond Act On Midterm Ballot Proposal, a first in 26 years, aims to disburse benefits to communities most impacted by the climate crisis On Tuesday, New York state voters passed a ballot measure that would fund up to $4.2bn for environmental improvement projects – including increasing flood resiliency, reducing greenhouse gas emissions, electrifying school buses and creating more green and open spaces.
Oil and Gas Industry’s Expansion Plans Decried as Attack on ‘Livable Planet’ Rapid and drastic cuts to global greenhouse gas emissions are needed to curb warming and prevent the most dire climate scenarios from becoming reality. But a new study released Friday by the Global Carbon Project finds “no sign of the decrease that is urgently needed” as emissions remain at record levels this year, with fossil fuel giants and governments plowing ahead with new extraction efforts that could push critical climate targets out of reach.
Take the Profits of Polluters! Carbon Tax and Revenue Recycling: Revenue, Economic, and Distributional Implications
- Our estimates show that a carbon tax levied on all energy-related carbon emissions at a rate of $50 per metric ton and an annual growth rate of 5 percent would generate $1.87 trillion in additional federal revenue over the next 10 years.
- In isolation and ignoring environmental effects, a carbon tax negatively impacts output and employment and makes the tax code less progressive.
- Distributional and economic effects of a carbon tax critically depend on how the generated tax revenue is used, making revenue recycling an essential element of any carbon tax proposal.
- A carbon tax paired with a lump-sum rebate would increase the tax code’s progressivity significantly, but impact employment and output negatively.
- A carbon tax paired with a cut in the corporate income tax, permanent 100 percent bonus depreciation, and R&D expensing boosts output and pretax wages while decreasing progressivity and lowering employment.
‘Deeply Depressing’ Study Shows Planet-Warming Emissions Continue to Rise “If current emissions levels persist, there is now a 50% chance that global warming of 1.5°C will be exceeded in nine years.”Rapid and drastic cuts to global greenhouse gas emissions are needed to curb warming and prevent the most dire climate scenarios from becoming reality. But a new study released Friday by the Global Carbon Project finds “no sign of the decrease that is urgently needed” as emissions remain at record levels this year, with fossil fuel giants and governments plowing ahead with new extraction efforts that could push critical climate targets out of reach.
Oil and Gas Industry’s Expansion Plans Decried as Attack on ‘Livable Planet’ Rapid and drastic cuts to global greenhouse gas emissions are needed to curb warming and prevent the most dire climate scenarios from becoming reality. But a new study released Friday by the Global Carbon Project finds “no sign of the decrease that is urgently needed” as emissions remain at record levels this year, with fossil fuel giants and governments plowing ahead with new extraction efforts that could push critical climate targets out of reach.
California Sues Manufacturers of ‘Forever Chemicals’ for Deception and Harm “The damage caused by 3M, DuPont, and other manufacturers of PFAS is nothing short of staggering, and without drastic action, California will be dealing with the harms of these toxic chemicals for generations,” said Attorney General Rob Bonta. The state of California on Thursday sued 18 manufacturers of “forever chemicals” for harming people and the planet, and engaging in widespread deception.
Civil Rights/ Black Liberation:
Labor:
Economy:
Doctor Doom Predicts “Dark Days” for Capitalism Nouriel Roubini is an interesting and unorthodox bourgeois economist. His main claim to fame is that he correctly predicted the 2008 financial crisis, a feat that did not endear him to most other economists, who predicted absolutely nothing. Out of sheer spite, they honoured him with the not very polite nickname ‘Doctor Doom’, presumably because his pessimistic perspectives for world capitalism do not fit well with their usual chorus of optimism and unshakable confidence in the “free market economy”. Now he has written a book called Megathreats, in which he predicts a “long and ugly” recession in the US and globally. (Nouriel Roubini, Megathreats: The Ten Trends That Imperil Our Future, and How to Survive Them). No doubt this will not do much to help his reputation with his fellow economists. But since their main objection to him is that he has all too often been proven right, their complaints need not bother us unduly. Briefly stated, Roubini warns that the entire world is tobogganing towards a disastrous debt crisis with its eyes closed. He compares it to Argentina that has defaulted on its debt nine times since its independence in 1816.
Shadow Government Statistics Daily Update: November 11th to 15th
- In the news: No economic rebound/ recovery here: Early November 2022 Consumer Sentiment [University of Michigan] plunged anew, shy by a deepening 45.8% (-45.8%) of ever recovering its pre-Pandemic peak level. Headline October 2022 CPI-U year-to-year inflation eased to 7.75%. in October 2022, from 8.20% in September, with the ShadowStats Alternate CPI easing to 15.9% in October from 16.4% in September, despite some rebound in gasoline prices. Although off near-term peak in the post-Pandemic cycle, those current year-to-year inflation rates otherwise remain at respective 42-year and 75-year highs.
World:
Education, Health, 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 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
New Omicron Subvariants Now Dominant in the U.S., Raising Fears of a Winter Surge Two new omicron subvariants have become dominant in the United States, raising fears they could fuel yet another surge of COVID-19 infections, according to estimates released Friday by the Centers for Disease Control and Prevention. The subvariants — called BQ.1 and BQ.1.1 — appear to be among the most adept yet at evading immunity from vaccination and previous infection, and have now overtaken the BA.5 omicron subvariant that has dominated in the U.S. since the summer.