Nomi Prins compares four key factors — unemployment, the economy, the market, and the Federal Reserve’s response — in the crises then and now.
COVID-19: The Great Depression & the Corona Shock
Category: Economy
COVID-19 Leads to Nosedive in Remittances to Latin America
Entire families are sliding back into poverty now that relatives working abroad, who have lost work due to the pandemic, can no longer afford to send money home, Humberto Márquez reports.
COVID-19: Richest Americans Added $434 Billion in Wealth Since Pandemic Hit
Jake Johnson reports on an analysis by Americans for Tax Fairness and the Institute for Policy Studies.
COVID-19: Global Lawmakers Call on IMF, World Bank to Cancel Debt of Poor Nations
Bernie Sanders said the pandemic shows “that we have got to act as a global community — we truly are all in this together,” Jake Johnson reports.
COVID-19: Democrats’ Plan Denounced as Gift to Health Insurers
Progressives who advocated for Medicare expansion are dismayed by Democrats’ embrace of a policy pushed by the insurance industry and big business, Jake Johnson reports.
COVID-19: Democrats’ Virus Relief Bill Under Fire
A grassroots U.S. advocacy group says the HEROES Act “doesn’t do nearly enough to help those in need and does far too much to help those who are not,” Jake Johnson reports.
COVID-19: Essential US Workers Often Lack Sick Leave & Health Care
Once the pandemic ends, much of the American workforce will still be without basic benefits and protections taken for granted in virtually every other developed country, writes Paul F. Clark.
COVID-19: Trump Labor Department Urges Employers to Report Workers Who Stay Home Due to Virus Fears
The Labor Department says “general concern” about contracting Covid-19 is not sufficient grounds to refuse work and still receive unemployment benefits, Jake Johnson reports.
Get Ready for Next Game-Changer: The Digital Yuan
Once Beijing announces a digital currency backed by gold, it will be like the U.S. dollar being struck by lightning, writes Pepe Escobar.
COVID-19: 2020 Year of the Virus
Alexander Mercouris weighs both sides of the debate between lockdown and herd immunity and examines claims that Covid-19 is over-hyped and is really just like the flu.