Capitalism and inequality
By Kevin Reed, 3 October 2020
The September employment report from the US Bureau of Labor Statistics shows that the economic recovery—largely based on the CARES Act infusion of government money into Wall Street and corporate America—is stalling, as millions of workers remain unemployed and a new round of corporate layoffs is being carried out.
By Mike Head, 3 October 2020
While mounting a further assault on working-class conditions, this is a crisis budget like no other in living memory.
By Genevieve Leigh, 2 October 2020
Millions of workers are being forced to choose between putting themselves at risk of catching the deadly virus and putting food on the table for their families.
By Harvey Simpkins, 2 October 2020
Chad Dorrill contracted the virus after his return to Appalachian State University for fall classes.
By Julie Hyland, 2 October 2020
The guidance builds on the Prevent strategy, first implemented by the Blair Labour government, which targeted Muslims as potential extremists and required schools to report anyone they deemed “vulnerable to radicalisation.”
Sudden forced eviction of Tennessee encampment leaves 50 homeless inhabitants struggling to find shelter
By Zac Thorton, 2 October 2020
Despite having lived at the site for years, the Chattanooga camp’s inhabitants received no notice of the impending evictions, leaving them desperate and scrambling to find shelter this week.
By Jacob Crosse, 30 September 2020
Audits conducted within the last month in California, Wisconsin, Florida and Nevada reveal that millions of calls to unemployment agencies have gone unanswered.
By Mike Head, 26 September 2020
The lending law changes would see a return to the predatory policies that saw the impoverishment of thousands of households, small businesses and family farmers.
Study finds 90 percent of Americans would make 67 percent more without last four decades of increasing income inequality
By Gabriel Black, 25 September 2020
The study from the RAND Corporation provides new data on the incredible shift of income from the bottom 90 percent of the population to the top 10 percent.
By Charles Hixson, 21 September 2020
The Celotex RS5000 insulation—found by the Grenfell Inquiry as “more likely than not” to have contributed to the 2017 inferno—was sold to Harley Facades at a 47.5 percent discount.
By Jacob Crosse, 18 September 2020
Over 61 million unemployment claims have been filed in the last 6 months, with the pandemic plunging the country into a protracted economic crisis not seen since the Great Depression.
By Nick Beams, 16 September 2020
The reduction in labour’s share of the national income by eight percentage points over five decades means that workers would be receiving $1.12 trillion more had the previous distribution between wages and profits applied.
By Tomas Castanheira, 12 September 2020
Latin America this week reached the grim milestones of 300,000 COVID-19 deaths and more than 8 million infections.
By Niles Niemuth, 12 September 2020
According to Forbes’ list of the 400 wealthiest Americans, the super-rich now possess $3.2 trillion, enough to pay for an entire year of public education, health care, nutrition and disaster relief for millions of people.
Ten percent of Oregon’s population ordered to evacuate as wildfires continue to ravage the US west coast
By David Fitzgerald, 11 September 2020
At least fourteen people have died in the latest outbreak: a one-year-old boy in Washington, three people in Oregon, and ten in California, and the death toll is expected to rise.
By Kevin Reed, 9 September 2020
The annual list of the richest people in the US shows the enormous fortunes made during the pandemic while tens of millions have lost their jobs.
Virginia’s Democratic governor calls for drastic budget cuts amid growing social crisis caused by COVID-19
By Dominic Gustavo and Nick Barrickman, 7 September 2020
The cuts would effectively gut the few gains that were given to workers in the previously planned budget.
By Jacob Crosse, 4 September 2020
Millions of families’ daily existence has been reduced to the struggle for bare necessities as hunger continues to grow.
By Robert Campion, 4 September 2020
Some 61 percent of international students and other foreign visa holders were relying on savings which they said would be exhausted in a matter of weeks.
By Kevin Martinez, 2 September 2020
By the end of the year more people will die every day from hunger as a result of disruptions to the global food chain brought about by the pandemic, than from the virus itself.
By Rafael Azul, 2 September 2020
Photos circulated on social media this week showing children sitting in a parking lot in order to use their internet to do homework.
By Richard Tyler, 2 September 2020
A study by the McKinsey Global Institute estimates that 59 million workers in Europe, over a quarter of the entire workforce, are in jobs that are seriously at risk.
By Nick Beams, 2 September 2020
This August, amid mass death, hunger and poverty, Wall Street recorded its biggest increase for the month since 1986.
By Bryan Dyne, 1 September 2020
The Trump administration continues to reduce testing in favor of its de facto “herd immunity” policy, as coronavirus reinfection cases begin to emerge.
By Thomas Scripps, 1 September 2020
Investors’ pursuit of short-term profits has seen vast resources looted from the care sector and providers laden with unsustainable debts.
By Shuvu Batta and Daniel de Vries, 1 September 2020
Emily Gil, a recent high school graduate, was charged $2,500 for “police overtime” after she organized a protest in the town of Englewood Cliffs calling for affordable housing and an end to police brutality.
By Erika Zimmer, 31 August 2020
The data exposes the fraud of the Gonski funding model, commissioned by the last federal Labor government, ostensibly to overcome the socioeconomic divide.
By Jerry White, 28 August 2020
Despite President Trump’s claims about a “super-V” shaped recovery, more than 27 million workers are collecting unemployment benefits and millions face the prospect of eviction and utility shutoffs.
By Anthony del Olmo, 27 August 2020
Northern California residents have suffered more than a week of wildfires caused by lightning strikes and a historic heat wave in the midst of the coronavirus pandemic.
By Nick Beams, 27 August 2020
The key question concerning financial elites around the world is how the Fed and other central banks intend to continue the stimulus to markets.
After receiving $5.8 billion through the CARES Act
By Jacob Crosse, 26 August 2020
As temporary layoffs become permanent, airline executives and their stockholders, with the invaluable assistance of the trade unions, are consigning thousands to destitution.
Victims of herd immunity: further evidence that UK care home residents were denied medical treatment
By Margot Miller, 25 August 2020
National Health Service managers instructed care homes that residents who became sick were to be covered with DNAR (do not attempt to resuscitate) orders.
By Kumaran Ira, 25 August 2020
The accumulation of obscene levels of wealth by a small financial aristocracy is the product of decades of austerity imposed by governments of various political colors.
By Jessica Goldstein, 25 August 2020
As it is with the wildfires in California and the devastation wrought by Hurricane Katrina, the criminal nature of the ruling class is revealed in its response to the disaster still unfolding in Iowa.
By Patrick Martin, 24 August 2020
The House of Representatives convened for a Saturday session to vote on funding the Postal Service, but Democratic leaders declined to take any action on federal supplemental unemployment benefits, which expired July 31.
By Terry Cook, 24 August 2020
Qantas and Virgin, like their global rivals, are using COVID-19 to slash costs by eliminating thousands of jobs.
By Mike Head, 24 August 2020
There was outrage at the University of Sydney last week after all departments were asked to plan scenarios to cut thousands of full-time jobs.
By Laura Tiernan, 22 August 2020
The delay follows an outpouring of public opposition to eviction proceedings due to begin Monday, with 290,000 renters at immediate risk of homelessness.
Thirty years since the capitalist reunification of Germany
By Wolfgang Weber, 21 August 2020
Berlin is being hit with full force by the economic and social consequences of the Corona policy of the city’s government, a coalition of the SPD, Left Party and Greens.
By Andre Damon, 18 August 2020
America’s extreme social inequality underpins all aspects of the US government’s response to the pandemic, which has been characterized by total disregard for the health, safety and well-being of the vast majority of the population.
By Patrick Martin, 14 August 2020
The capitalist politicians will be holding their presidential nominating conventions while millions of workers have been cut off from federal benefits.
By Nick Beams, 13 August 2020
Since the crisis of mid-March when the market plunged and the financial system froze, Wall Street’s S&P 500 index has risen by 50 percent on the back of government corporate bailouts and the pumping out of trillions of dollars by the Fed.
By Jacob Crosse, 12 August 2020
As eviction filings increase to pre-pandemic levels, workers and their families are left to fend for themselves.
By Kate Randall, 12 August 2020
A new analysis shows that the number of deaths from the coronavirus has likely been undercounted by 37 percent.
By Tom Casey, 11 August 2020
Some 12,000 seafarers remain stranded in US waters five months after the shutdown of the cruise line industry due to coronavirus.
By Jacob Crosse, 10 August 2020
An analysis released Friday by the Aspen Institute estimates that between 28,900,000 and 39,900,000 tenants in the US are at risk of eviction by the end of the year.
By Brian Green, 10 August 2020
Most recently Reed opposed Democratic Mayor Lori Lightfoot’s budget that starves schools of resources while flooding the Police Department with billions of dollars.
As July report shows no let-up in mass joblessness
By Jacob Crosse, 8 August 2020
Driven by social interests irreconcilably opposed to those of the working class, congressional leaders from both parties adjourned Friday without restoring jobless pay.
As Senate adjourns for weekend
By Jacob Crosse, 7 August 2020
Indifferent to the plight of millions of jobless workers and their families, senators from both parties adjourned Thursday with no agreement on extending expired unemployment benefits.
“A nationwide strike is what needs to be done”
By Nancy Hanover, 7 August 2020
From Florida to California, teachers and parents are caravanning, protesting and petitioning against a reckless return to school as demanded by Wall Street and the entire political establishment.
By Matthew Taylor, 7 August 2020
The St. Andrews Residence has been in disrepair for years leading many residents to believe the owners have deliberately neglected their health and safety in order to facilitate a sale of the million-dollar waterfront property.
As negotiations stall on federal coronavirus relief bill
Florida governor admits state unemployment system purposefully designed to pay out “least number of claims”
By Jacob Crosse, 6 August 2020
Republican governor Ron DeSantis had previously claimed nearly all applicants had been paid and blamed jobless workers for incorrectly filling out forms.
By Jacob Crosse, 5 August 2020
Congress continues to quibble over a new bill as the crisis deepens for millions of workers and their families.
By Jacob Crosse, 4 August 2020
Millions of American workers don’t know how they’ll pay rent or where their next meal will come from.
By Patrick Martin, 3 August 2020
Allowing federal supplemental benefits to expire for 30 million jobless workers shows the class character of both the Democratic and Republican parties.
As stock indexes continue their climb
By Barry Grey, 1 August 2020
The congressional stalemate over an extension of the unemployment pay supplement, which is certain to result in the total elimination or a major cut in the benefit, is a declaration of war against the entire working population.
By Kevin Reed, 29 July 2020
The expiration of the enhanced federal unemployment benefit this week will drive millions of working class people across the US into desperate financial circumstances.
By Dennis Moore, 29 July 2020
The benefit system has evolved from its post-war ethos as a “safety net” to one based on punishing the sick and disabled and coercing the unemployed into low-paid work.
By Patrick Martin, 28 July 2020
The savage class war proposal is the start of “negotiations” with the Democrats in which the outcome is already assured: a severe reduction in working class living standards in the midst of the COVID-19 pandemic.
By Carl Bronski, 28 July 2020
The demonstrators demanded that Toronto’s mayor use his municipal emergency health and safety powers to block evictions, and denounce the Ontario government’s recently passed pro-landlord Bill 184.
By Paul Bond, 24 July 2020
More than half of manufacturing companies said they will make redundancies in the next six months, with a further 20.1 percent saying they might.
By Mike Head, 24 July 2020
Governments and the corporate elite have begun extracting the cost from the working class, via cuts to jobs, pay and working conditions as well as social spending.
By Patrick Martin, 24 July 2020
The Democrats and Republicans are allowing the $600-a-week federal unemployment compensation supplement to expire, cutting off a lifeline for millions of jobless workers.
By Jacob Crosse, 24 July 2020
US billionaires continue to profit fabulously off the pandemic while millions face hunger, eviction, and joblessness.
Bodies of two workers still entombed at collapsed Hard Rock Hotel in New Orleans nearly one year later
By Aaron Murch, 23 July 2020
Ten months after the partial collapse of the Hard Rock hotel construction site collapse recovery, efforts are finally under way to retrieve the bodies of two workers still buried beneath the rubble.
By Frédéric Charlebois, 23 July 2020
Young workers represent more than 50 percent of the workforce at some large corporations such as McDonald’s and Tim Hortons.
By Benjamin Mateus, 22 July 2020
The United States is in the unique position of being the only developed nation to face such a disastrous and expanding outbreak.
By Mike Head, 22 July 2020
The blatant purpose of the cuts is to give workers no choice but to go back into unsafe workplaces regardless of the rising danger of COVID-19 infection.
By Joe Williams, 22 July 2020
The response of university administrators over the poor state of health care on college campuses is to seek immunity from any legal accountability.
By Shannon Jones, 21 July 2020
Congressional Democrats and Republicans are preparing to slash or eliminate the $600 weekly unemployment supplement that has been a lifeline for millions of workers laid off during the pandemic.
By Jacob Crosse, 20 July 2020
The extended weekly payment has been the target of venomous attacks by big business as a “disincentive” to work and is unlikely to be reinstated by Congress in its current form.
By Isaac Finn, 20 July 2020
Last week, the University of Akron’s Board of Trustees unanimously voted in favor of eliminating positions from the university.
By Marianne Arens, 20 July 2020
The disease particularly affects workers who do not have the opportunity to remain at home and maintain social distancing.
By Lily Zhao, 20 July 2020
The tragedy is a product of the social crisis confronting millions of workers throughout the country.
By Cheryl Crisp, 20 July 2020
Hundreds of people who lost their homes are living in tents, caravans or shipping containers in what is now the dead of winter.
By Will McCalliss and Nancy Hanover, 18 July 2020
Amid the chaotic transition to online learning during the pandemic, a teenage girl has been taken into criminal custody for “failure to submit any schoolwork.”
By Robert Stevens, 18 July 2020
The collapse in the number of workers in employment takes place along with a drastic fall in hours for those remaining in a job, and a fall in wages.
By Mike Head, 18 July 2020
Governments and employers are working with the trade unions to exploit the COVID-19 catastrophe to accelerate the casualisation of the workforce.
By Alex Johnson, 17 July 2020
The pandemic has left approximately 5.4 million American workers uninsured between February and May, according to an analysis by the Families USA consumer advocacy group.
By Jessica Goldstein, 17 July 2020
The number of new official jobless claims demonstrate a state of deep economic crisis for US capitalism.
By Nick Beams, 16 July 2020
Major US banks are raking in billions of dollars through speculative operations financed by the massive intervention of the Fed into all corners of the financial markets.
By Andre Damon, 16 July 2020
The massive run-up in stock prices has only one explanation: The capitalist state has put at the disposal of its masters in the financial oligarchy unlimited amounts of money.
By Naveen Dewage, 15 July 2020
According to the UNICEF report, close to 1 million more South Asian children could die in the coming year due to lack of access to food, vaccines, and timely medical care.
By Alex Findijs, 15 July 2020
The USDA promised to deliver $1.2 billion in food to families in need, but has delivered less than two-thirds of this amount so far.
By Harvey Thompson and Charlotte Salthill, 14 July 2020
The report notes, “Families who were already enduring hard, challenging lives have had to survive lockdown in the most appalling circumstances.”
By Julio Patron, 13 July 2020
A lack of consistent running water will make it more difficult for frequent handwashing to limit the spread of the coronavirus which has already infected thousands on the island.
By Robert Stevens, 10 July 2020
Sunak’s declaration that “we can’t protect every job” is the understatement of the century. Companies are announcing thousands of redundancies every day amid warnings of unemployment reaching 5 million by next year.
As it charts depths of economic crisis
By Nick Beams, 9 July 2020
The Organisation for Economic Cooperation and Development says that up to 10 times fewer hours have been worked in some countries as compared with the first months of the 2008 financial crisis.
By Martin Scott and Oscar Grenfell, 9 July 2020
“Instead of nurses, doctors and social workers, they send us the police, which gives the wrong message among the community.”
By Thomas Scripps, 8 July 2020
Government ministers have struck a pose of outrage at a situation they have ignored for years and want to replicate across the country.
By Shannon Jones, 7 July 2020
The $600 weekly federal supplement to unemployment benefits is set to expire July 25, while moratoriums on evictions have already expired in 20 states.
By Brian Green, 7 July 2020
As unemployment skyrockets, Illinois governor J.B. Pritzker and Chicago mayor Lori Lightfoot push a return to work and COVID-19 relief programs too small to address desperately needed assistance among workers.
Millions in the US face catastrophe as federal unemployment relief set to expire amid surging pandemic
By Kevin Reed, 4 July 2020
The combined economic impact of the raging pandemic and the imminent cutoff of $600 weekly federal assistance is leading to a social catastrophe for millions across the US.
As pandemic spread accelerates
By Nick Beams, 2 July 2020
In the course of less than three months, the actions of the Fed—its reduction of interest rates to zero and purchases of debt across the board, including junk bonds—have put $7.1 trillion into the hands of stock investors and speculators.
“It’s eugenics by the back door”
By Alice Summers, 30 June 2020
Doug has recently been involved in legal action opposing the use of “scoring” systems to deny ventilator treatment to the sick, disabled and elderly.
By Elisabeth Zimmermann, 30 June 2020
The poorest people in Germany, including the long-term unemployed and recipients of Hartz IV social welfare, have an 84 percent higher risk of becoming seriously ill with COVID-19 and requiring hospitalization.
By Louis Girard, 30 June 2020
Revealing the oligarchic character of Canadian society, the report found that the top one percent of Canadians own as much as the poorest 80 percent of the population.
By Andre Damon, 30 June 2020
Six months after the world first learned of COVID-19, workers across the globe are going on strike to demand measures to stop the rampant spread of the disease.
New York City officials accused of undercounting and mismanagement after dozens of homeless COVID-19 deaths reported
By Sam Dalton, 27 June 2020
A new report gives an insight into the consequences of the city authorities’ malign neglect as the virus spread amongst the homeless in the center of global finance.
By Jerry White, 26 June 2020
The US Labor Department recorded a record fourteenth week in a row in which the number applying for unemployment aid topped one million.