Tag Archives: Capitalism

‘Completely Out of Control’: China Says ‘US Epidemic’ Threat to Rest of the World

In the coming fall and winter, the US epidemic will likely run rampant, and more countries and regions will be forced to suffer because of the US.’

By Common Dreams   Published 7-5-2020

New Florida Daily COVID-19 Infections: March 1, 2020 to July 4, 2020. (NY Times screenshot)

A Chinese state-controlled newspaper has blamed the Trump administration’s mishandling of the COVID-19 pandemic to cause the spread of the virus to go “completely out of control.”

Describing the disease as a “U.S. epidemic”, the paper warned that the administration’s failure poses a threat to the rest of the world. “Lies are dominating US society’s recognition of the epidemic,” the Global Times wrote. Continue reading

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‘Absolute Robbery’: Gilead Announces $3,120 Price Tag for Covid-19 Drug Developed With $70 Million in Taxpayer Support

“Taxpayers provided funding for the development of this drug. Now Gilead is price-gouging off it during a pandemic. Beyond disgusting,” said Sen.Bernie Sanders.

By Jake Johnson, staff writer for Common Dreams. Published 6-29-2020

Photo: Ivan Radic/flickr/CC

Consumer advocates reacted with disgust Monday to an announcement by Gilead Sciences that it will charge U.S. hospitals around $3,120 per privately insured patient for a treatment course of remdesivir, a drug which has proven modestly effective at speeding Covid-19 recovery times.

Peter Maybarduk, director of Public Citizen’s Access to Medicines Program, called Gilead’s pricing—which works out to around $520 per dose for non-government buyers like hospitals—”an offensive display of hubris and disregard for the public” and slammed the Trump administration for failing to ensure that the price of a drug developed with substantial taxpayer support is affordable for all. Continue reading

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With Election Just 4 Months Away, FEC Essentially Defunct as GOP Member Leaves for Koch-Funded Group

The White House announced it would nominate Allen Dickerson, a proponent of Citizens United, to the elections board

By Eoin Higgins, staff writer for Common Dreams. Published 6-26-2020

After 10 months, the Federal Elections Commission in May regained a quorum with the confirmation of Republican appointee Trey Trainor—and promptly lost it just over five weeks later on Friday when commissioner Caroline Hunter resigned to join the Koch-funded group Stand Together, leaving the regulatory body again essentially powerless as the November general election draws closer.

“The FEC’s brief period of functioning appears to be over,” tweeted Public Integrity reporter Carrie Levine. Continue reading

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‘Free Handout to Insurance Industry’: Trump Administration Tells Insurers They Don’t Have to Cover Covid-19 Tests for Workers

“According to the Trump administration, insurance company profits are more important than the lives of nursing home residents and workers.”

By Jake Johnson, staff writer for Common Dreams. Published 6-25-2020

Coronavirus Task Force press briefing – March 2, 2020. Photo: White House/flickr

The Trump administration issued policy guidance this week telling health insurance companies that they are not required by law to cover the Covid-19 tests employers may compel workers to undergo as a condition for returning to their jobs.

The announcement (pdf) Tuesday by the Departments of Treasury, Labor, and Health and Human Services alarmed healthcare advocates and lawmakers who warned the move gives profitable insurers a green light to push the costs of potentially expensive coronavirus screenings onto workers. Continue reading

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With ‘Systemic Violations’ of Worker Rights, US Comes in Dead Last in Labor Rankings of Wealthy Nations

The U.S. was identified as a country where “the government and/or companies are engaged in serious efforts to crush the collective voice of workers, putting fundamental rights under threat.”

By Julia Conley, staff writer for Common Dreams. Published 6-18-2020

Amazon warehouse. Photo: Scott Lewis/flickr/CC

The International Trade Union Confederation’s world map showing its rankings of the best and worst countries for working people includes a noticeable difference between the U.S. and other wealthy countries.

Dark orange in color on the map, the U.S. was singled out by the ITUC this year as the only country in the Group of Seven to have “systematic violations of rights” in work places. Continue reading

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A $3.5 Million Fine But ‘No Prison For Anyone’ After PG&E Pleads Guilty to Felony Manslaughter of 84 People

“As far as actual change, to save lives, that is not happening,” said the daughter of one victim killed in the 2018 Camp Fire in Paradise, California.

By staff writer for Common Dreams. Published 6-17-2020.

Photo: AJ+/Twitter

The CEO of Pacific Gas & Electric pled guilty on behalf of the company Tuesday to 84 counts of involuntary manslaughter in a dramatic hearing regarding the devastating Camp Fire of 2018, but advocates for corporate accountability argued the nation’s largest utility should face more concrete consequences for the crime.

A county investigation after the Camp Fire, one of the most destructive wildfires in U.S. history, found PG&E let its power grid deteriorate and scaled back inspections of its equipment, allowing a hook connected to a transmission tower to break and start the blaze that killed 84 people and nearly wiped out the entire town of Paradise, California, leaving just 5% of buildings undamaged.  Continue reading

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Leading US Retirees ‘Like Lambs to the Slaughter,’ Trump Labor Dept. Quietly Offers Up 401k Plans to Private Equity Vultures

“Private equity firms will now be allowed to access—and skim fees off of—the $9 trillion in 100 million workers’ 401(k) plans and IRAs.”

By Jake Johnson, staff writer for Common Dreams. Published 6-16-2020

Stephen Schwarzman, co-founder and CEO of Blackstone, at the Annual Meeting 2018 of the World Economic Forum in Davos. Photo; World Economic Forum/flickr/CC

With the American public’s attention consumed by the Covid-19 pandemic and mass protests against police brutality, the U.S. Labor Department earlier this month quietly gave corporate sponsors of retirement plans something they’ve been agitating over for years: a government green light to invest workers’ savings into funds managed by notoriously predatory private equity firms.

The move, announced on June 3 by Labor Secretary Eugene Scalia, allows large managers of 401(k) plans and individual retirement accounts (IRAs) to put workers’ retirement savings into private equity investments that offer the possibility of huge returns—and devastating losses. Continue reading

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‘Speaking of Looting…’: Trump Admin. Refuses to Disclose Corporate Recipients of $500 Billion in Coronavirus Bailout Funds

“This is outrageous AND exactly what was obviously going to happen AND exactly why many of us opposed CARES as written.”

By Jessica Corbett, staff writer for Common Dreams. Published 6-11-2020

Steve Mnuchin. Screenshot: CNN

Progressive critics and advocacy groups are responding with alarm and anger to the Trump administration’s refusal to disclose the names of more than 4.5 million companies that have collectively received over $500 billion in corporate bailout money through a federal program created to provide businesses with relief from the coronavirus pandemic.

The over $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act signed by President Donald Trump in March established the Paycheck Protection Program (PPP) with $349 billion in funding for forgivable loans. After the initial capital ran out in just 13 days, lawmakers approved $310 billion more—though over $130 billion of that amount was still left as of Tuesday. Continue reading

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The right to refuse unsafe work is more important than ever — but expect a fight

Photo: USDA

By Kathy Wilkes. Published 6-7-2020 by Huck/Konopacki Cartoons

The COVID-19 pandemic is taking a heavy toll on workers. Reports of job hazards grow increasingly dire as several governors and President Trump push past CDC guidelines to “reopen” the economy while forecasts predict soaring infections and deaths.

Some states at the direction of the Labor Department threaten termination of unemployment benefits for workers fearing return to dangerous jobs. A disturbing June 5 New York Times’ report reveals how far those machinations have gone. The result: workers fired without pay or benefits or trapped in a deadly vice between poverty and disease. Continue reading

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‘Quietly Putting Hundreds of Species at Risk,’ Trump Opens 5,000 Square Miles of Atlantic Ocean to Commercial Fishing

“Ancient and slow-growing deep sea corals, endangered large whales and sea turtles, and an incredible array of fish, seabirds, sharks, dolphins and other wildlife—these are the species and habitats that will pay the price.”

By Jake Johnson, staff writer for Common Dreams. Published 6-6-2020

“Like one of America’s very first national monuments, the Grand Canyon, the Northeast Canyons and Seamounts is a natural treasure,” said NRDC’s KateDesormaeu. “It provides habitat for a wide range of species, from endangered whales to Atlantic puffins to centuries-old deep-sea corals.” Photo: Wikipedia (Public domain)

In a move that environmentalists warned could further imperil hundreds of endangered species and a protected habitat for the sake of profit, President Donald Trump on Friday signed a proclamation rolling back an Obama-era order and opening nearly 5,000 square miles off the coast of New England to commercial fishing.

“We’re opening it today,” Trump said during a roundtable talk in Maine with commercial fishermen and the state’s former governor Paul LePage. “What reason did he have for closing 5,000 miles? That’s a lot of miles. Five thousand square miles is a lot. He didn’t have a reason, in my opinion.” Continue reading

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