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#Post#: 138--------------------------------------------------
Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 6, 2020, 1:12 pm
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Krugman: U.S. Almost Surely Headed For Depression-Era
Unemployment
--- Quote ---
> Economist Paul Krugman says the country's economy is in a
'medically induced coma' that will go on for some time and that
the country isn't close to fully reopening.
--- End Quote ---
Potential eviction ‘avalanche’ looms as millions of Americans
struggle to pay rent
--- Quote ---
> Evictions resume in New Orleans in the middle of the pandemic,
with an end of COVID-19 aid in sight.
--- End Quote ---
HTML https://www.youtube.com/watch?v=9PRa4xhJ17Y
The Real Economic Catastrophe Hasn’t Hit Yet. Just Wait For
August.
--- Quote ---
> After a terrifying spring spent in lockdown and a summer of
protests in the streets, things are going to get a lot worse in
the fall.
--- End Quote ---
--- Quote ---
> Most importantly, and counterintuitively, household income
sharply increased in April as hundreds of billions of dollars in
lost wages were replaced by trillions in government spending.
The government sent out more than 159 million stimulus payments
of up to $1,200 per adult (more if you have kids), and more than
20 million unemployed people became eligible for an extra $600 a
week in federal unemployment benefits. The result, according to
Bloomberg, [size=8pt]was the largest monthly increase in
household income ever recorded.[/size]
--- End Quote ---
HTML https://www.buzzfeednews.com/article/tomgara/economy-recession-coronavirus
#Post#: 157--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 7, 2020, 2:51 pm
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Kushners Siphon Stimulus Money From Small Businesses
--- Quote ---
> "The Kushner family, large chains backed by private equity,
Wall Street investors, Kanye West, members of Congress, and the
law firm that represented President Donald Trump during the
Mueller probe were among the thousands of beneficiaries of a
Covid-19 relief program aimed at rescuing struggling small
businesses and keeping workers employed, according to new
federal data released Monday.
>
> While the Small Business Administration's (SBA) data
disclosure reveals just a fraction of recipients of forgivable
Paycheck Protection Program (PPP) loans, critics voiced concern
that large, wealthy firms were able to readily access millions
of dollars in relief funds as more vulnerable companies
frequently received less money than they applied for—or nothing
at all."
--- End Quote ---
HTML https://www.youtube.com/watch?v=P1y8HkUgl6c
#Post#: 158--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 7, 2020, 2:53 pm
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Castro: New Federal Data On Racial Inequity Of COVID-19 Is
‘Appalling, Tragic And Infuriating
--- Quote ---
> Julián Castro, the Secretary of Housing and Urban Development
in the Obama administration and former mayor of San Antonio,
Texas, tells Lawrence O'Donnell that new federal data showing
that Latino and Black people are three times as likely to become
infected with coronavirus as white people show that "the
community that has suffered the most, has also been asked to do
the most.”
--- End Quote ---
HTML https://www.youtube.com/watch?v=NUb2Gb-KA0U
#Post#: 159--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 7, 2020, 2:55 pm
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How Pandemic Profiteers Are Getting Richer With the Fed’s Easy
Money
--- Quote ---
> The flood of cash has changed the risk equation. And in these
strange conditions, some of Wall Street’s richest investors are
pooling money to go on buying sprees.
--- End Quote ---
HTML https://www.vanityfair.com/news/2020/06/pandemic-profiteers-richer-with-the-feds-easy-money
#Post#: 160--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 7, 2020, 8:33 pm
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You Won't Believe How Much Federal Stimulus Money Kanye West
Took
HTML https://www.youtube.com/watch?v=3XP9DpfEB68
This must be that "rugged individualism" American capitalists
are always on about? Free handouts to the rich while the poor
wait over three months to ever even see one check from the
Pandemic Unemployment Assistance program. In a sane world these
people would be lined up against a wall and shot, especially
once the fact that many of them intentionally tried to keep
state economies open for the simple fact that they did not want
to shutter their businesses for the pandemic is raised. These
types of people actually have American blood all over their
hands at this point. Such despicable people! I cannot believe
they are allowed to breath, much less reproduce themselves and
continue to burden humanity with their inferior genetics.
Absolute trash!
Who’s Behind the ‘Reopen’ Protests?
HTML https://www.nytimes.com/2020/04/22/opinion/coronavirus-protests-astroturf.html
Reopen California coronavirus protests ‘identical’ to early Tea
Party rallies, leader says
HTML https://www.sfchronicle.com/politics/article/Reopen-California-coronavirus-protests-15238910.php
Thousands of Americans backed by rightwing donors gear up for
protests
--- Quote ---
> Conservative activists to demand governors lift stay-home
orders – and movement has been driven by wealthy conservative
groups
--- End Quote ---
HTML https://www.theguardian.com/us-news/2020/apr/18/coronavirus-americans-protest-stay-at-home
#Post#: 179--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 8, 2020, 6:40 pm
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Trump's Friends And Family Scored MILLIONS From Small Business
Loan Program
--- Quote ---
> According to new reports out this week, Donald Trump's friends
and family managed to score at least $21 million from the PPP
small business loan program created to help save small
businesses during the pandemic. Some of these appear to be
legitimate businesses, while others are clearly just cash-grabs
for already-wealthy companies. Several members of Congress,
including Nancy Pelosi, also had family members who secured
loans from the program. Ring of Fire's Farron Cousins discusses
this.
--- End Quote ---
HTML https://www.youtube.com/watch?v=bpzgGB5n5s0
#Post#: 204--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 9, 2020, 12:40 pm
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Who will end hunger in areas hit by the coronavirus?
--- Quote ---
> More people will die this year from hunger caused by the
pandemic, than from Covid-19.
> That's according to the charity Oxfam which says an estimated
122 million more people could face starvation because of
reducions in aid, mass unemployment and the disruption of food
production and supplies.
> It also describes middle-income countries such as India,
Brazil and South Africa as 'emerging epicentres of hunger' with
millions of people facing being 'tipped over the edge' by the
social and economic effects of the crisis.
> Oxfam says some of the world's poorest countries could see
12,000 extra deaths per day due to hunger before the end of
2020.
> The charity says this is more than the peak global coronavirus
death rate of 10,000 per day in April.
> The 10 extreme hunger hotspots the report highlights include
Afghanistan, Syria and South Sudan - where the charity says the
situation is most severe - and getting worse.
> So, can a disaster be avoided?
--- End Quote ---
HTML https://www.youtube.com/watch?v=aOvNQ1yJ2MA
#Post#: 209--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 9, 2020, 5:30 pm
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Guess who else just declared bankruptcy?
--- Quote ---
> Brooks Brothers, the oldest menswear store in the US, and more
than 100 other other large companies filed for bankruptcy this
year.
--- End Quote ---
HTML https://www.youtube.com/watch?v=PLVRJGADczM
#Post#: 214--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 9, 2020, 8:26 pm
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Major Corporations, Companies Linked To Trump Associates Got
Business Loans
--- Quote ---
> New Treasury Department data reveals that large corporations
and companies linked to Trump associates received millions in
loans for small businesses hurt by coronavirus.
--- End Quote ---
HTML https://www.youtube.com/watch?v=jqIBHJJCLEY
#Post#: 246--------------------------------------------------
Re: Post Pandemic Global Economy and Pandemic Profiteers
DIR By: guest5
Date: July 10, 2020, 9:31 pm
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Republicans TAUNT Poor Americans Over Stimulus Money
HTML https://www.youtube.com/watch?v=y43DIiHqSes
Everyone keeps talking about these stimulus checks, but not too
many mentions in regards to the fact that many people have been
waiting on their Pandemic Unemployment Assistance check for over
three months now....
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