Professor Michel Chossudovsky has looked at who could ultimately benefit from current events and concludes that certain pharmaceutical companies could be (are already) major beneficiaries as they receive lavish funding to develop vaccines. He asks whether we can trust the main actors behind what could amount to a multibillion dollar global (compulsory) vaccination (surveillance) project.
What prevails is an atmosphere of fear and uncertainty which enables powerful financial interests to manipulate the stock market and consolidate their financial positions. This crisis has led to an unprecedented concentration of money wealth.
House Speaker Nancy Pelosi (D-Calif.) and Minority Leader Kevin McCarthy (R-Calif.) agreed to approve the measure with a voice vote Friday that would not require all 430 current members of the House to travel to the Capitol, given that two lawmakers have contracted the disease and others are self-quarantining due to exposure to confirmed carriers.The leadership also is taking meticulous steps to change the protocol for debate and voting to ensure the safety of lawmakers.
One lawmaker, Rep. Thomas Massie (R-Ky.) is threatening to stymie swift passage of the stimulus bill, potentially delaying a vote until the weekend.
„Looks like a third rate grandstander named (Thomas Massie), a congressman from, unfortunately, a truly GREAT state, Kentucky, wants to vote against the new Save Our Workers Bill in Congress,“ Trump tweeted early Friday.
Massie’s office did not immediately respond to a request for comment, but the congressman signaled he was moving forward despite bipartisan calls to forgo calling for a roll call vote.
I am worried about all of the people who are usually standing behind the counter asking me what vegetables I want with my tofu, and putting carrots or broccoli or whatever into my bowl. I am worried about the people who clean this restaurant, who prepare the food in the back, who deliver the food to staff here every day.
I am worried about the millions of Americans in millions of restaurants and bars and retail shops like this one living paycheck-to-paycheck, facing the potential of cut hours, full closures, no sick leave, no benefits, and no outside income to cushion them through this disaster whatsoever. That is the reality of over half our country.
If these people – millions and millions of us – are not working, are they going to be paying their cell phone bills? Their credit card bills? Are they going to be bringing their kids to music class? Are they going to be able to pay for even the most basic necessities like groceries or rent?
On March 25th, The Senate voted to pass the 3rd coronavirus relief package based on the proposal from Mitch McConnell and Senate Republicans that features, among other provisions, a nearly $500 billion slush fund that would be controlled by Treasury Secretary Steve Mnuchin. Mnuchin, who is best known for making millions off running a notorious foreclosure mill, would be able to direct corporate bailouts with limited, after-the-fact oversight. This is absolutely unacceptable.
By a vote of 96-0, the United States Senate Wednesday night passed an enormous coronavirus stimulus package that would provide some desperately needed economic relief to struggling workers and the unemployed while establishing a $4.5 trillion fund to bail out large corporations—with little to no enforceable restrictions.
Progressives didn’t mince words in response to the unanimous vote, which sends the largest bailout legislation in U.S. history to the Democrat-controlled House of Representatives, where it could pass as early as Friday before heading to President Donald Trump’s desk for his signature.
Democrats control the House. They can pass any bill they like and dare Senate Republicans and the president to oppose a serious bill for a serious problem.
Or they can rubber-stamp the Senate bill and help Donald Trump foreclose on the next generation of American democracy.
Each person is the chief cause of their success or failure in life.
It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.
Sen. Bernie Sanders (I-VT) amended the Wall Street Reform law to audit the Fed, pushing the GAO to step in and take a look around.
Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets
Committed : $11 trillion (total)
Invested: $3 trillion (total)
The survey found majority support for such a tax among Democrats and independents, at 85 percent and 66 percent, respectively. Republicans were more divided, with 53 percent saying the ultra-rich should not be subjected to an additional tax and 47 percent in favor.
This isn’t about swing seats or pushing communities “too far left.”
It’s about accountability. Working families deserve so much better. And if we aren’t willing to admit where we can do better, then what is the point?
Our job is to serve the people, not the powerful.
SANDERS: You know, we pride ourselves on being the longest-standing democracy in the world. And we’re proud of that. To me, what that means, one person, one vote. If you want to run for president, you run for president. You’ve got good ideas, maybe you win, maybe you don’t win.
But I do think it’s a bit obscene that we have somebody who, by the way, chose not to contest in Iowa, in Nevada, in South Carolina, in New Hampshire where all of the candidates, we did town meetings, we were talking to thousands and thousands of people, working hard. He said, I don’t have to do that. I’m worth $60 billion. I have more wealth than the bottom 125 million Americans. I’ll buy the presidency. That offends me very much.
And tomorrow night…
Back in November Mike Bloomberg was polling at four percent nationally and had the highest disapproval rating of any potential Democratic presidential candidate, and understandably so; the man has a uniquely horrible record and no redeeming traits to speak of.
Now, after spending $400 million in broadcast, radio and cable ads, $42 million on Facebook ads, $36 million on Google ads, and an unknown fortune on other shady manipulations, a national Quinnipiac poll released last week put him at 15 percent nationally in the Democratic primary. This week national polls released by NPR/PBS NewsHour/Marist and Zogby put him at 19 and 20 percent, respectively.
Sanders, the wife of Vermont Senator Bernie Sanders, told Fox News Saturday the „powers-that-be“ in America are placing a shallow focus on her husband’s „Democratic socialist“ label instead of what they’re really attacking — his campaign policies. Jane Sanders said „corporate socialism“ has benefited billionaires like President Donald Trump and Michael Bloomberg, while hard-working U.S. taxpayers end up paying for their business subsidies and bailouts.
His philosophy is that boosting turnout in a significant and meaningful way comes not only by exciting existing Democrats, but organizing and rallying nonvoters into Democrats.
His mission and ability to do that has been central to his argument about why he is the best candidate for Democrats in a general election.
The physical cash holdings of German banks rose to a record 43.4 billion euros ($48 billion) in December, according to Bundesbank data published on Friday. That’s almost triple the amount at the end of May 2014, the month before the European Central Bank started charging for deposits and raising the pressure on Germany’s already beleaguered banks.
Yet some of the president’s big-money backers say they aren’t interested in bankrolling an effort aimed at propping up Sanders. They worry his potential strength in a general election is being badly underestimated, much as Democrats wrongly discounted Trump four years ago.
Annegret Kramp-Karrenbauer, speaking in an interview at the World Economic Forum on Thursday, said that Germany aims to keep its forces in Iraq, but can only do so at the behest of the government in Baghdad.
“We need to keep in mind that in Iraq, IS is not yet defeated,“ Kramp-Karrenbauer told Bloomberg Television in Davos, Switzerland. “If the pressure is reduced, then the danger is great that it resumes its regime of terror.”
Safeguarding Our Planet
The richest 22 men in the world — including Jeff Bezos and Bill Gates — own more wealth than all the women in Africa, Oxfam found.
Worries about income inequality, jobs disappearing due to automation and environmental sustainability are all feeding wide-scale distrust in capitalism as the world knows it, according to a new study released Sunday.
Edelman, a public-relations firm, conducted its 20th annual analysis of public trust in major institutions, surveying 34,000 people in 27 countries and Hong Kong. The data reveal both skepticism about those institutions—including government, business, the media and nongovernmental organizations …
The ultra-wealthy are pouring money into the 2020 Democratic Primary. Cenk Uygur, John Iadarola, and John Fugelsang, hosts of The Young Turks, break it down.
Democracy has been shackled by capitalist power. If sovereignty were merely about numbers, then the workers and the peasants, the urban poor and the youth would be represented by people who put their interests first and would be able to command more of the fruit of their labour. Democracy promises that people would be able to control their destiny. Capitalism, on the other hand, is structured to allow the capitalists – the property owners – to have power over the economy and society. From the standpoint of capitalism, democracy’s full implications cannot be allowed. If democracy gets its way, then the means of producing wealth would be democratized; this would be an outrage against property, which is why democracy is narrowed.
Here’s how they got here
Far-right Prime Minister Benjamin Netanyahu and his challenger in today’s (December 26) internal Likud election for the party leadership, MK Gideon Sa’ar, each received hundreds of thousands of shekels in campaign contributions from American, British millionaires, the State Comptroller’s Office website revealed on Sunday, December 22.
The Knesset passed a law last year preventing Knesset candidates from raising money from private donations and instead providing public funds for primaries. However, the law does not apply to races for the leadership of a party.
Lowest seats since 1935
Lowest since 1945
2nd lowest since 1949
Lowest since 1908
2nd lowest since 1962
Maybe it’s not just about Brexit?
The specific mission undertaken by Volcker was to jack up interest rates and plunge the country into recession, creating mass unemployment as a means of breaking the social resistance of the working class.
A full accounting would reveal that his policies, imposed on behalf of the American ruling class, resulted in untold social misery and the premature death of millions of people, not only in the US but around the world, as he charted the path for ruling classes to follow everywhere.
Traders who thought Johnson would use his considerable parliamentary majority to cut ties with the Brexit hard-liners in his party and deliver a soft divorce were “caught by surprise,” said Kit Juckes, chief foreign-exchange strategist at Societe Generale SA.
It was the currency’s biggest slump in a year.
And now homeless encampments are as abundant in L.A. as $10-million homes.
The only good thing I can see about skid rows popping up in every part of town, as they have in recent years, is that maybe the graphic, everyday evidence of our epic disaster will help drive a greater sense of urgency. After all, the public clamor for solutions is at a pitch, with a recent poll putting homelessness as a top concern for 95% of registered voters.
DEPRAVED Jeffrey Epstein, his alleged pimp Ghislaine Maxwell and disgraced film mogul Harvey Weinstein grin at Princess Beatrice’s Windsor Castle party.
Mandelblit’s indictment listed 333 potential witnesses, including Milchan and Packer, as well as U.S. casino billionaire Sheldon Adelson, a longtime supporter of Netanyahu, and Oracle Corp. co-founder and chairman Larry Ellison. Cosmetics heir Ron Lauder, another longtime Netanyahu associate, and British-American billionaire Len Blavatnik, also appear on the list.
The full indictment against Netanyahu, which was made public by Israeli Attorney General Avichai Mendelblit on Monday, includes the names of every person who was either questioned by the police as part of the criminal investigation or testified about it to investigators, plus others who could be relevant to the court cases. The list of 333 names also includes dozens of police officers who were part of the probe.
In a bid to secure support from industry ahead of polling day on December 12, the leaders of the Conservatives, Labour and the Liberal Democrats will each make a speech on stage at the CBI (Confederation of British Industry) Annual Conference at the InterContinental London – The O2.
The vision he offered was of a capitalism that would be judged, he said, “not just by how much it produces, but how widely it shares; how good it does for how many; and how well it takes care of all of us.”
The speech amounted to an effort to guide his party toward a vision for how to tackle one of the most salient issues facing the country: the growing divide between the very rich and everyone else.
The billionaire, who died Friday, understood the power of changing ‘hearts and minds.’ He spent almost unlimited money on behalf of limited government.
Since the 1970s, the Kochs have spent at least $100 million — some estimates put it at much more — to transform a fringe movement into a formidable political force aimed at moving America to the far right by influencing the outcome of elections, undoing limits on campaign contributions and promoting conservative candidacies, think tanks and policies.
A notable rise in applications for the Significant Investor Visa (SIV) program, which grants direct residency to applicants, has been filed with the New South Wales state migration department over the past months, reported Reuters. Interested individuals have to invest at least A$5 million (US$3.4 million) to be eligible for the program.
Yes. I didn’t neglect to include that third one. That is the real issue with this business plan. Deception. Because so much relies on building a large team in order to earn the top figures that so many dream of, prospecting can be as much about the art of deception as it is the art of persuasion. Now, one might believe that a deceived recruit is not as effective as a persuaded recruit. However, when there are dynamics that operate within the team that echo those found in Scientology, the Branch Davidians, and modern-day and early communism, this distinction becomes difficult to differentiate.
The luncheon fundraiser in Jackson, Wyo., will feature White House advisers Ivanka Trump and Jared Kushner, along with acting White House chief of staff Mick Mulvaney as “special guests,” according to the invitation, which was obtained by The Washington Post.
Yet Germany, which has a budget surplus and which can borrow money at sub-zero rates, doesn’t see the problem even as its own manufacturing sector contracts. Finance Minister Olaf Scholz told Bloomberg Television on Thursday, minutes before Draghi’s press conference, that he has no plans to loosen the country’s purse strings because it’s not “necessary or wise to act as if we were in a crisis.”
The ruling class — dominated by billionaires like Donald Trump and the vested interests that prop him up — have played the same name-calling game for decades. Legislate tax cuts for the wealthy, turn a blind eye to polluters, shut down tax audits on the rich, abandon antitrust laws, put corporate lobbyists in charge of the regulatory agencies and then attack anyone who calls foul a „radical.“
John Gershman and Alec Irwin state in “Dying for growth”:
„100 countries have undergone grave economic decline over the past three decades. Per capita income in these 100 countries is now lower than it was 10, 15, 20 or in some cases even 30 years ago. In Africa, the average household consumes 20 percent less today than it did 25 years ago. Worldwide, more than 1 billion people saw their real incomes fall during the period 1980-1993. Meanwhile, according to the United Nations Development Program’s 1998 Human Development Report, the 15 richest people in the world enjoy combined assets that exceed the total annual gross domestic product of sub-Saharan Africa. At the end of the 1990’s, the wealth of the three richest individuals on earth surpassed the combined annual GDP of the 48 least developed countries.“
The Thistle won’t waste ink on how the wealthy have fared since the mainstream corporate press does a very commendable job in this respect.
-The insurance industry
-The pharmaceutical industry
-The military-industrial complex -The fossil fuel industry
If we can take them on, we will finally be able to create real change. #DemDebate2
in theory, lower interest rates will:
– Reduce the incentive to save. Lower interest rates give a smaller return from saving. This lower incentive to save will encourage consumers to spend rather than hold onto money.
– Cheaper borrowing costs. Lower interest rates make the cost of borrowing cheaper. It will encourage consumers and firms to take out loans to finance greater spending and investment.
– Lower mortgage interest payments. A fall in interest rates will reduce the monthly cost of mortgage repayments. This will leave householders with more disposable income and should cause a rise in consumer spending.
Joe Biden revealed Monday that his campaign may have raised nearly $20 million since the former vice president entered the 2020 race — a figure that would surpass the amount raised by any of the Democratic presidential candidates in the first fundraising quarter.
President Donald Trump raked in nearly $25 million in campaign contributions for his re-election effort in less than 24 hours, the chairwoman of the Republican National Committee said Wednesday.
Analysts have warned the IMF deal would likely come with myriad restrictions that could bridle Khan’s grand promises to build an Islamic welfare state, as the country is forced to tighten its purse strings.
Pakistan’s increasing economic woes also come as the country is facing possible sanctions from the Financial Action Task Force — a money-laundering monitor based in Paris — for failing to rein-in terror financing.
American millionaires would elect Joe Biden over President Donald Trump if the former vice president becomes the Democratic nominee, according the CNBC Millionaire survey.
JPMorgan Chief Executive Jamie Dimon warned at a quarterly meeting of the Business Roundtable (BR) that socialism would be a “huge mistake.“
“When government owns and controls companies used for political purposes, not economic purposes, it usually means jobs and votes and can lead to huge deterioration,” said Dimon, who chairs the BR.
The Koch-backed Americans for Prosperity is opening its doors to backing Democrats running for office in 2019 and 2020.
Historically the political network has only backed Republicans.
In 2020, there will be an estimated 4,532 delegates: 3,768 pledged delegates and 764 automatic delegates—more commonly known as superdelegates.
To win the Democratic nomination, a presidential candidate must receive support from a majority of the pledged delegates on the first ballot—an estimated 1,885 pledged delegates. If the convention is contested and goes to a second ballot or more, automatic delegates will be able to vote and a candidate must receive majority support from all delegates—an estimated 2,267 delegates
Democratic presidential candidate Bernie Sanders went to Walmart’s shareholder meeting in Arkansas to push the company to include workers on the company’s board and pay workers at least $15 an hour. CNN’s Ryan Nobles reports on Sanders‘ crusade against Walmart.
My father came to this country from Poland at the age of 17 with barely a nickel in his pocket. I spent my first 18 years, before I left home for college, in a three-and-a-half-room, rent-controlled apartment in Brooklyn. My mother’s dream was to own her own home, but we never came close. My father’s salary as a paint salesman paid for basic necessities, but never much more.
As a young man I learned the impact that lack of money had on family life. Every major household purchase was accompanied by arguments between my parents.
Democratic Rep. Alexandria Ocasio-Cortez and GOP Sen. Ted Cruz came together Thursday on Twitter in a professed effort to ban former lawmakers from taking paid lobbying positions.
By early afternoon, Ocasio-Cortez said she would co-lead a bill with Cruz — if there were no „partisan snuck-in clauses, no poison pills.“
Cruz, who has previously argued with the freshman Democrat on Twitter, agreed.
At least one politician from each side of the aisle came forward to support their pact: Sen. Brian Schatz, D-Hawaii, tweeted, „IN,“ and Rep. Chip Roy, R-Texas, offered to lead or co-sponsor a bill in the House.
It had been a „challenging fundraising year“ for all parties, the Tories said.
The figures do not represent all donations, as only those above £7,500 have to be reported.
A no-deal scenario would do „severe“ damage to businesses, it said in an open letter to all the MPs running to lead the party.
Director general Carolyn Fairbairn warned them that smaller companies cannot afford the necessary preparations for leaving without a plan.
Donald Trump’s tax returns show that he lost so much money in the mid-1980s to 1990s that he paid no income tax for eight out of 10 years during that period, according to a new report.
The income tax records were obtained by The New York Times, and represent the most detailed look into the president’s personal taxes yet, after years in which Mr Trump had sought to keep the documents private.