U.S. Oligarchic Dozen Now Own $1 Trillion in Total Wealth, More Than the GDP of Belgium and Austria Combined
A Journal of People report
New research by the Washington D.C.-based Institute for Policy Studies (IPS) showed that since the beginning of the coronavirus pandemic, the 12 top U.S. billionaires have seen their combined wealth soar by 40 percent, or $283 billion, to more than $1 trillion.
It is the first time in U.S. history that the collective net worth of the top 12 American billionaires has topped the trillion-dollar mark.
What the IPS terms the “Oligarchic Dozen” includes Jeff Bezos ($189.4 billion), Bill Gates ($114 billion), Mark Zuckerberg ($95.5 billion), Warren Buffett ($80 billion), Elon Musk ($73 billion), Steve Ballmer ($71 billion), Larry Ellison ($70.9 billion), Larry Page ($67.4 billion), Sergey Brin ($65.6 billion), Alice Walton ($62.5 billion), Jim Walton ($62.3 billion), and Rob Walton ($62 billion).Read More »
FACE OF A SOCIETY: U.S.
FACE OF A SOCIETY: U.S.: Record Wave of Fatal Shootings Hits Cities
A Journal of People report
In Philadelphia, at least one person has died violently every day this year, mostly from guns.
As of Aug. 14, Philadelphia has seen at least 262 homicides this year, 30% more than this time last year.
Philadelphia is just one of dozens of major U.S. cities plagued by a horrifying increase in gun violence this year, from New York and Milwaukee to Los Angeles and Denver.
The violence — from nine people shot at a family picnic in Denver in August to three fatal shootings in the same month in Indianapolis — comes amid a backdrop of nightly protests against police brutality, the ongoing COVID-19 pandemic and the subsequent economic devastation caused by widespread unemployment.Read More »
WORKERS’ STRIKE IN INDIA
Food Delivery Workers Strike in Multiple Indian Cities Against Drastic Reduction in Pay
Credit : Newsclick
Delivery persons working for Swiggy — one of India’s largest online food ordering and delivery platforms — have been on strike in multiple cities of the country over the past week. The scale of this labor action is expanding, as an increasing number of these workers down tools in a protest against the squeeze on their earnings.
While the delivery costs charged to the customers have increased, delivery persons complain that their basic pay per delivery has been decreased to less than half — reduced from Rs. 35 (USD 0.47) per order to Rs.15 (USD .20). Incentives and other charges paid to riders, which vary from city to city, have also been sharply reduced.Read More »
U.S IMPERIALIST AGGRESSION AGAINST VENEZUELAN PEOPLE
Amb. Moncada: US Keeps Plotting to Invade Venezuela
The Venezuelan ambassador to the United Nations, Samuel Moncada, reiterated his denunciation of the United States’ orchestrating an invasion in Venezuela to destroy the military and political forces of the Bolivarian Revolution.
On his Twitter account, the Ambassador indicated that the White House’s war propaganda against Venezuela seeks to assassinate the President of the Republic, Nicolás Maduro and turn the country into a colony.Read More »
WFTU Statement: 2021 Nobel Peace Prize for Cuba’s Henry Reeve International Medical Brigade!
“Our country does not drop bombs on other peoples, nor does it send thousands of planes to bomb cities. Our country does not possess nuclear weapons, chemical weapons, or biological weapons. Our country’s tens of thousands of scientists and doctors have been educated in the idea of saving lives”
Dear colleagues, brothers and sisters of the world working class,
The World Federation of Trade Unions salutes its members, friends and simple workers around the world who have been struggling day by day for their survival, for the defense of their labor rights, for having a human life in the midst of unprecedented pandemic conditions.
The workers of the capitalist countries, since the outbreak of the pandemic, not only have been counting their dead, but also have seen in the most blatant way the inhumanity of the bourgeois governments, which without any hesitations did not take effective measures for the protection of the people, so that the big capital, the bosses, would gain even more. The countless dead in the USA, Brazil, Italy and Colombia, as well as in other countries, are witnesses to the crimes of their governments against their own peoples.Read More »
Haiti’s Foreign Minister Travels to Washington Seeking Pay-Off for Joining U.S.-Led Campaign Against Venezuela
Haitian Foreign Minister Claude Joseph meeting with OAS Secretary General Luis Almagro at the OAS Headquarters in Washington, DC on Aug. 5, 2020.
What could be more ironic and ludicrous than Haiti’s President Jovenel Moïse accusing Venezuela’s President Nicolas Maduro of being “illegitimate and dictatorial” while demanding that he immediately “hold free, fair, and transparent general elections”?
But that is exactly the position of the Lima Group, a collection of 15 Latin American states and Canada, which Haiti joined in January 2020.
From Tue., Aug. 4 to Sun., Aug. 9, Haiti’s new foreign minister, Dr. Claude Joseph (who took his post under new de facto prime minister Joseph Jouthe on Mar. 5) visited Washington with his tin cup, looking for money for the cash-strapped government. He met with Lima Group ambassadors at Washington’s Westin Hotel on M St. for about an hour on the morning of Thu., Aug. 6.
Read More »
COVID-19 PANDEMIC AND CAPITALISM
COVID-19: This Pandemic Brings Out the Worst in Our CEOs
Graffiti rendering of Rich Uncle Pennybags, mascot of the Monopoly board game.
(Image by (Lord Jim, Flickr)) Details DMCA
As horrible as the Covid-19 crisis is, it has brought out the best in the American people — the selflessness of front-line nurses and doctors — for example, as well as the generous community spirit of local food businesses.
But it has also amplified one of the worst flaws in our society, namely the “me-first” greed of corporate chieftains.
Last year, we were told that a new, more democratic corporate ethic was emerging. The CEOs of 181 big-name giants signed a public pledge to run their corporations not solely to maximize shareholder profits, but also to benefit workers, communities, and other economic “stakeholders.”
Read More »
Lithuania Trains Mercenaries to Change Power in Belarus
A new training center created in Lithuania (Pabradė) with the assistance of the U.S. military to help with organizing protests in Belarus.
It is planned to finance the training of contractors using the fund created to help protesters in Belarus.
A new fundraising campaign has been announced by Lithuania’s Minister of Foreign Affairs Linas Linkevičius on Twitter.
The funds will be used to help injured protesters, to purchase the necessary equipment, uniforms and gear for combat training.Read More »