Money has been moving like lava through the economy for almost two months now amid the coronavirus shutdowns resulting in millions of layoffs, which some bank officials like J.P. Morgan’s Bob Michele, say will keep unemployment high for at least a decade. The bleak prediction comes as the April jobs report, published today, reported that 20.5 million people joined the ranks of the unemployed. If we consider a study done by the Economic Policy Institute, the real figure could be twice larger.Read More »
by Joshua Cho
FAIR | May 11, 2020
When an attempted invasion of Venezuela launched from the shores of Colombia was foiled on May 3, after armed commandos were intercepted at Venezuela’s coastline of La Guira, it seemed undeniable that the heavily armed men, possessing satellite phones and uniforms with the US flag emblazoned on them, had been paid to take part in a coup attempt to overthrow the Venezuelan government (People’s Dispatch, 5/6/20).
In recent reports regarding the Bay of Pigs–style invasion, however, the term “mercenary” was accompanied by scare quotes, as if these men could only be seen that way from the perspective of an Official US EnemyTM (whose perspective is always illegitimate in the eyes of corporate media).Read More »
Instead of paying $24,000 for a haircut or spending $120,000 on a banana duct taped to a wall, the world’s super wealthy have found a new commodity to purchase: pandemic bunkers in New Zealand. A number of the planet’s richest people, including billionaire co-founder of Paypal Peter Thiel, have, amidst a growing global pandemic, escaped to the country and bought luxury bunkers designed to withstand even nuclear explosions. LinkedIn CEO Reid Hoffman describes the practice as “apocalypse insurance.”
Isolated in the far “corner” of the Southern Hemisphere, more than 1,000 miles from Australia, the sparsely populated island country has long been a destination of choice for those worried about the potential of a catastrophic event, like a war, nuclear attack, or an uprising. The country’s temperate climate and remarkably stable society make it a particularly safe choice in the event of such an occurrence.Read More »
The New Zealand government’s recently announced NZ$50 million subsidy package to support local media was necessary and urgent – even if it came too late to save the Bauer magazine titles from closing.
But the injection of government cash did not address the underlying cause of the decline of New Zealand’s media, which predates the COVID-19 pandemic.
While the internet has created new opportunities for media and audiences alike, those opportunities have come at a price. Traditional media organisations now compete with giant digital platforms, not only for the attention of readers, but also for the advertising revenue that was once their lifeblood.Read More »
The Centre for Science and Environment (CSE), a Delhi-based think tank, has come out with an assessment of the styrene gas leak that occurred in the plant of LG Polymers India Pvt Ltd early morning May 7, 2020.
CSE — in its first assessment released at 3.30 pm — has attributed the accident to the company’s negligence and in not adhering to safety protocol. Based on the detailed note by CSE, below is a low down on the gas leak that has already killed 10 people.Read More »
LEFT-WING academics and authors including Noam Chomsky and Naomi Klein launched the Progressive International (PI) initiative on Monday, which will hold a founding conference in September.
Forty notable figures, also including Greece’s former finance minister Yanis Varoufakis, Iceland’s Prime Minister Katrin Jakobsdottir and exiled former Ecuadorian president Rafael Correa, were joined by the Democracy in Europe Movement 2025 (DiEM) and the Sanders Institute to launch the PI’s website.Read More »
by Helen O’Connor
PRIOR to becoming a trade union officer, I was a nurse working on the front lines of the NHS for 28 years.
Many in my cohort in 1990 were migrant women, mostly Irish, just like me.
In those days the registered general nurse (RGN) was a three-year apprenticeship where you earned your stripes through hard work on a variety of in-patient wards.Read More »