Browsed by
Category: Politics

A hundred years on, will there be another Great Depression?

A hundred years on, will there be another Great Depression?

The Observer reports: Such was the scale of the global market crash last week in the wake of the coronavirus outbreak, the spectre of the 1929 Wall Street rout and the ensuing Great Depression of the 1930s has been raised. Comparisons no longer seem fanciful. The failure of the US and the UK to swing into action with a wide range of mitigation measures – despite the lessons of Italy’s slow response to the spread of Covid-19 – has heightened…

Read More Read More

U.S. jobless rate may soar to 30%, Federal Reserve Bank’s Bullard Says

U.S. jobless rate may soar to 30%, Federal Reserve Bank’s Bullard Says

Bloomberg reports: Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product. Bullard called for a powerful fiscal response to replace the $2.5 trillion in lost income that quarter to ensure a strong eventual U.S. recovery, adding the Fed would be poised to do more to ensure markets function during a period of…

Read More Read More

If we’re bailing out corporations, they should bail out the planet

If we’re bailing out corporations, they should bail out the planet

Bill McKibben writes: One of the best chances to make some positive use of the coronavirus pandemic may be passing swiftly. As the economy craters, big corporations are in need of government assistance, and, on Capitol Hill, the sound of half a trillion dollars in relief money is bringing out the lobbyists. On Thursday afternoon, Senator Sheldon Whitehouse, Democrat of Rhode Island, described the scene as a “trough” and mentioned a quote from a lobbyist in The Hill: “Everybody’s asking…

Read More Read More

Italy, pandemic’s new epicenter, has lessons for the world

Italy, pandemic’s new epicenter, has lessons for the world

The New York Times reports: As Italy’s coronavirus infections ticked above 400 cases and deaths hit the double digits, the leader of the governing Democratic Party posted a picture of himself clinking glasses for “an aperitivo in Milan,” urging people “not to change our habits.” That was on Feb. 27. Not 10 days later, as the toll hit 5,883 infections and 233 dead, the party boss, Nicola Zingaretti, posted a new video, this time informing Italy that he, too, had…

Read More Read More

DOJ seeks new emergency powers such as indefinite detention amid coronavirus pandemic

DOJ seeks new emergency powers such as indefinite detention amid coronavirus pandemic

Politico reports: The Justice Department has quietly asked Congress for the ability to ask chief judges to detain people indefinitely without trial during emergencies — part of a push for new powers that comes as the coronavirus spreads through the United States. Documents reviewed by POLITICO detail the department’s requests to lawmakers on a host of topics, including the statute of limitations, asylum and the way court hearings are conducted. POLITICO also reviewed and previously reported on documents seeking the…

Read More Read More

Younger adults are large percentage of coronavirus hospitalizations in U.S., according to new CDC data

Younger adults are large percentage of coronavirus hospitalizations in U.S., according to new CDC data

The Washington Post reports: The deadly coronavirus has been met with a bit of a shrug among some in the under-50 set in the United States. Even as public health officials repeatedly urged social distancing, the young and hip spilled out of bars on Bourbon Street in New Orleans. They gleefully hopped on flights, tweeting about the rock-bottom airfares. And they gathered in packs on beaches. Their attitudes were based in part on early data from China, which suggested covid-19…

Read More Read More

The media must stop live-broadcasting Trump’s dangerous, destructive coronavirus briefings

The media must stop live-broadcasting Trump’s dangerous, destructive coronavirus briefings

Margaret Sullivan writes: Trump is doing harm and spreading misinformation while working for his own partisan political benefit — a naked attempt to portray himself as a wartime president bravely leading the nation through a tumultuous time, the FDR of the 21st century. The press — if it defines its purpose as getting truthful, useful, non-harmful information to the public, as opposed to merely juicing its own ratings and profits — must recognize what is happening and adjust accordingly. (And…

Read More Read More

Like previous pandemics, Covid-19 will shape the fates of nations

Like previous pandemics, Covid-19 will shape the fates of nations

By Richard Heinberg, Undark, March 20, 2020 For the last couple of weeks, I’ve been delving back into one of my favorite books, “Plagues and Peoples,” by the celebrated historian William H. McNeill. Its relevance to today’s headlines is fairly obvious. What makes the book so compelling is McNeill’s ecological sensibility: He understands human beings as biological organisms embedded in living systems. For him, conquerors like Genghis Khan are macropredators, disease organisms are micropredators, and human history is the tale…

Read More Read More

Coronavirus could overwhelm U.S. without urgent action, estimates say

Coronavirus could overwhelm U.S. without urgent action, estimates say

The New York Times reports: The coronavirus has infected far more people in the United States than testing has shown so far, and stringent measures to limit social contact in parts of the country not yet seeing many cases are needed to significantly stem the tide of illness and death in the coming months. Those are the conclusions of Columbia University researchers who used a New York Times database of known cases and Census Bureau transportation data to model how…

Read More Read More

U.S. intelligence reports from January and February warned about a likely pandemic

U.S. intelligence reports from January and February warned about a likely pandemic

The Washington Post reports: U.S. intelligence agencies were issuing ominous, classified warnings in January and February about the global danger posed by the coronavirus while President Trump and lawmakers played down the threat and failed to take action that might have slowed the spread of the pathogen, according to U.S. officials familiar with spy agency reporting. The intelligence reports didn’t predict when the virus might land on U.S. shores or recommend particular steps that public health officials should take, issues…

Read More Read More

Former intelligence chiefs: Trump’s removal of experts is deeply destructive to our nation’s safety

Former intelligence chiefs: Trump’s removal of experts is deeply destructive to our nation’s safety

Joseph Maguire, John Brennan, Michael Leiter, Matthew G. Olsen, Nicholas Rasmussen, Andrew Liepman, Geoffrey O’Connell, Michael, V. Hayden and James Clapper write: The United States — and the world — faces a historic threat to its health, well-being and economy. The global covid-19 pandemic challenges all of us: the public, cities, states and, of course, the federal government. But as we collectively fight this deadly disease, the intelligence institutions that help protect us all from current and future threats are…

Read More Read More

The epic failure of coronavirus testing in America

The epic failure of coronavirus testing in America

In an editorial, the New York Times says: The World Health Organization, for weeks now, has been making an emphatic plea to countries around the world: Social distancing is crucial to stopping the spread of coronavirus, but it is only half of the equation. To suppress and control a pandemic of this magnitude, countries also must find and isolate every person infected with Covid-19 — including those with mild cases of the disease who don’t turn up in doctor’s offices…

Read More Read More

Coronavirus will radically alter the U.S.

Coronavirus will radically alter the U.S.

The Washington Post reports: When Jason Christie, chief of pulmonary medicine at Penn Medicine, got projections on how many coronavirus patients might soon be flocking to his Philadelphia hospital, he said he felt physically ill. “My front-line providers — we were speaking about it in the situation report that night, and their voices cracked,” Christie said Wednesday. They saw how quickly the surge would overwhelm the system, forcing doctors to make impossible choices — which patients would get ventilators and…

Read More Read More

U.S. economy deteriorating faster than anticipated as 80 million Americans are forced to stay at home

U.S. economy deteriorating faster than anticipated as 80 million Americans are forced to stay at home

The Washington Post reports: The U.S. economy is deteriorating more quickly than was expected just days ago as extraordinary measures designed to curb the coronavirus keep 84 million Americans penned in their homes and cause the near-total shutdown of most businesses. In a single 24-hour period, governors of three of the largest states — California, New York and Illinois — ordered residents to stay home except to buy food and medicine, while the governor of Pennsylvania ordered the closure of…

Read More Read More

A growing number of Americans say they can’t afford to stock up on groceries

A growing number of Americans say they can’t afford to stock up on groceries

The Washington Post reports: More than 37 million Americans — or about 1 in 9 people — struggled to put food on the table in 2018, according to the U.S. Department of Agriculture. That number could soon double as the outbreak wreaks havoc on workers around the country, said Katie Fitzgerald, chief operating officer of Feeding America, a nonprofit that oversees 200 food banks. Already, companies like Marriott International, MGM Resorts and Caesars have signaled plans to shed thousands of…

Read More Read More

Senators sold stocks before coronavirus sank the markets

Senators sold stocks before coronavirus sank the markets

USA Today reports: Senators are facing backlash for selling in some cases millions of dollars in personal stocks shortly before the coronavirus pandemic sent markets into a freefall earlier this month. Based on publicly available financial transaction disclosures, Sen. Richard Burr, R-N.C., Sen. Jim Inhofe, R-Okla., Sen. Kelly Loeffler, R-Ga., and Sen. Dianne Feinstein, D-Calif., all appear to have sold stock earlier this year. The question is whether the senators were aware, based on briefings, that the coronavirus scare was…

Read More Read More