Hundreds of cars waiting to receive food from the Greater Community Food Bank in Duquesne, Pennsylvania on March 30, 2020. Photo: The Mind Unleashed
Economists at the Federal Reserve Bank of St. Louis are warning that if the current rate of U.S. job losses continues, the country’s unemployment rate could reach a staggering 32.1% by the end of June as the coronavirus pandemic-induced downturn sparks mass layoffs across the nation.
Miguel Faria-e-Castro, an economist with the St. Louis Fed, wrote in an analysis last week that 47 million more workers could lose their jobs by the end of the second quarter of 2020, bringing the total number of unemployed people in the U.S. to 52.8 million. As CNBCnoted, that number would be “more than three times worse than the peak of the Great Recession.” Continue reading →
Demands for nationwide protections for grocery store workers grew Thursday after officials in Minnesota and Vermont officially designated such employees as emergency workers who are essential to the U.S. population’s wellbeing as the coronavirus pandemic spreads across the country.
Minnesota Gov. Tim Walz, a Democrat, added grocery store workers to those protected under the state’s “Care for Children of Families of Emergency Workers” order, requiring schools in the state to provide childcare for the employees. Previously, only hospital staff, nurses, and other public health and disaster workers qualified as emergency personnel under the directive. Continue reading →
Toilet paper shelves at a Costco in Maine. Photo: Amanda Hill/Twitter
The run on toilet paper has brought the failings of capitalism front and center to the bathroom of every house across Australia, a trend that has now spread to other countries. We are witnessing, in real-time and with stunning consequence, the stone-cold fact that markets are an ineffective mediator of resources, prone to the worst vagaries of herd mentality. Perceived impending shortages of toilet paper owing to the spread of COVID-19 set off widespread panic. We might be inclined to laugh at the implausibility of the whole scenario, but whether the situation is real or imagined is beside the point. The truth, which in this case may appear stranger than fiction, is that markets operate in the sweet spot between scarcity and fear. Continue reading →
A demonstrator holds a sign during a Detroit water shutoffs rally in 2014. (Photo: uusc4all/flickr/cc)
Progressives heaped praise on grassroots activists in Detroit on Monday after the Michigan city announced, amid the spread of the coronavirus, it was temporarily restoring water services to thousands of residents who’ve had their water shut off.
“About damn time,” said Abdul El-Sayed, a former head of the city’s health department and 2018 gubernatorial candidate. “It’s been six years since the U.N. declared Detroit water shutoffs an insult to human rights.” Continue reading →
Prosecutions of white-collar criminals by the U.S. Justice Department plunged to an all-time low in January, according to a study published just days after President Donald Trump proclaimed his commitment to “safeguarding the American consumer” and “strengthening our efforts to prevent and prosecute fraud.”
The analysis released Tuesday by Syracuse University’s Transactional Records Access Clearinghouse (TRAC) found that the Justice Department prosecuted just 359 white-collar criminals in January, a decline of 25% from five years ago. TRAC has been recording data on white-collar prosecutions since 1986. Continue reading →
U.S. President Donald Trump with Indian Prime Minister Narendra Modi. The two will meet in India on Monday. (Photo: White House/Flickr)
U.S. President Donald Trump with Indian Prime Minister Narendra Modi. The two will meet in India on Monday. (Photo: White House/Flickr)[/caption[
When President Donald Trump arrives in Ahmedabad, India on Monday, he’s expected to be greeted by roughly 100,000 cheering Indians along a sparkling clean route to the world’s largest cricket stadium where another crowd of 110,000 will attend a rally with the U.S. president and Indian Prime Minister Narendra Modi.
Climate Strike demonstration in Melbourne, Australia. Photo: Julian Meehan/flickr/CC
A major new report released Wednesday says every nation on the planet is failing children because of the threats to their health and wellbeing from the climate and ecological crises and commercial exploitation.
The damming assessment comes from 40 global child and adolescent health experts in “A Future for the World’s Children?” The expert commission was convened by the World Health
Organization (WHO), UNICEF, and the prestigious medical journal The Lancet. Continue reading →
Thousands of members and allies of the Chicago Teachers Union demonstrated in the city’s Union Park during a strike in October 2019. (Photo: CTU/Twitter)
In yet another rebuke to President Donald Trump’s claims that the U.S. economy is “roaring” and his “relentlessly pro-worker” agenda is serving the American public, a report published Tuesday by a progressive think tank revealed that the “number of striking workers surged in 2018 and 2019” after decades of decline.
The Economic Policy Institute (EPI) report, entitled Continued Surge in Strike Activity Signals Worker Dissatisfaction With Wage Growth, noted that the spike marked “a 35-year high for the number of workers involved in a major work stoppage over a two-year period.” Continue reading →
CMS Administrator Seema Verma with President Donald Trump in 2018. Photo: White House
The Trump administration on Thursday unveiled a plan allowing states to convert federal Medicaid funding into block grants, a longstanding conservative goal that critics warn could have deadly consequences for millions of vulnerable people who rely on the healthcare program as a major source of income.
Seema Verma, head of the Centers for Medicare and Medicaid Services (CMS), announced the so-called “Healthy Adult Opportunity” initiative in a statement claiming the policy will “improve health outcomes and care” for low-income people. Continue reading →