COVID-19 Crisis Failure, People Must Save Themselves And The Economy

By Kevin Zeese and Margaret Flowers, Popular Resistance. -

The US is at a moment of truth. This week, Congress has to face up to a pandemic that is out of control and an economy that is collapsing. The Republican's and Democrat's proposals show they will [...]

GDP Shrinks By Record Amount In Second Quarter

By Sylvan Lane, The Hill. -

The U.S. economy shrunk at a seasonally adjusted annualized rate of 32.9 percent during the second quarter of 2020 as the first wave of the coronavirus pandemic spurred an economic collapse of [...]

Economic Collapse, Pandemic: There Is No Plan (For You)

By Hamilton Nolan, In These Times. -

In the midst of an enormous, unavoidable increase in national unemployment, the $600 per week unemployment benefit increase that has sustained millions is set to run out at the end of this month, [...]

COVID19 Corruption: Wealthy And Well Connected Get Rich While People Suffer

By Kevin Zeese and Margaret Flowers, Popular Resistance. -

While corrupt elected officials and elites feed at the public trough, the economic collapse is hitting people in the United States hard. According to the newly released Bureau of Labor Statistics [...]

Why The Third Quarter US Economic Rebound Will Falter

By Jack Rasmus, Predicting the Global Economic Crisis. -

All Great Recessions with an initial deep economic contraction, are typically followed by brief shallow recoveries, cut short by subsequent double dips or quarters of no growth [...]

The Light At The End

By Nafeez Ahmed, Yes Magazine. -

Within just a few weeks—faster than the blink of an eye in geological time—a tiny, microscopic entity brought the global monolith of human civilization, the captains of industry, the might of the [...]

US Retail Sales Plunged A Record 16% In April

By Josh Boak and Anne D'Innocenzio, AP News. -

Baltimore, MD - U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the [...]

Low-Balling The Unemployed In The 2020 Economic Collapse

By Jack Rasmus, Predicting the Global Economic Crisis. -

This past Friday, May 8, the US Labor Dept. released its latest jobless figures. The official report was 20 million more unemployed and an unemployment rate of 14.7%. Both mainstream and [...]

A Green Stimulus To Rebuild The Economy

The open letter for members of Congress calls for “an ambitious Green Stimulus of at least $2 trillion” designed to create millions of family-sustaining green jobs; accelerate a just transition [...]

From Strike Wave To General Strike

By Richard Moser, Be Freedom. -

The strike wave is here. The strike wave is real.  Can workers take the next steps toward a General Strike? The current crisis is a rare opportunity for us to build a movement both outside of [...]

In The Face Of Corporate Bailouts, Rent Strikers Demand Relief

By Indigo Olivier, Waging Nonviolence. -

On April 1, tenants at 1234 Pacific Street in Crown Heights dropped white sheets over their fire escape — a symbol borrowed from organizers in Montreal — to inform their neighbors that they would [...]

Most Workers And Businesses At The Heart Of US Economy Can’t Meet Financial Needs

By Popular Resistance. -

A survey of small businesses and workers conducted by the Society for Human Resource Management published on April 1 finds that small businesses and workers are being hit hard by the COVID-19 [...]

Capitalism Has Failed In Fighting Coronavirus

By Richard D. Wolff, Brave New Europe. -

The desperate policies of panic-driven governments involve throwing huge amounts of money at the economies collapsed in response to the coronavirus threat. Monetary authorities create money and [...]

US Gunning For Trouble

By Finian Cunningham, Sputnik News. -

The spectre of the coronavirus pandemic in the US has darkened decidedly, with President Trump warning of a harrowing next few weeks from a surging disease death toll. Into the malevolent mix are [...]

Can Cooperatives Save Us From The Next Economic Crisis?

By Laura Flanders, Truthout.org -

In the summer of 2009, economists reported that one-third of the capital equipment in the United States stood idle while some 17 percent of the workforce were either unemployed, forced into [...]

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