Capitalism and inequality
By Katy Kinner, 22 October 2020
As the CDC eviction moratorium order reaches its expiration date on January 1, the eviction and homelessness crisis in the US is heading toward an explosion of unprecedented proportions.
By Paul Mitchell, 22 October 2020
“My aim is to focus on existing council properties that have been neglected due to the lack of maintenance. It’s imperative to showcase the decay of these buildings as it’s been a deliberate strategy to run them down.”—photographic artist Sarah Douglas
Marcus Rashford’s fight against child poverty exposes Labour and trade unions’ partnership with Johnson government
By Barry Mason and Robert Stevens, 22 October 2020
Marcus Rashford has more fight in his little toe than the entire Labour and trade union bureaucracy.
22 October 2020
By By Kevin Reed, 22 October 2020
The US Department of Justice submitted a lawsuit against Google on Tuesday saying the $1 trillion corporation was in violation of the Sherman Anti-Trust Act.
By Nick Beams, 21 October 2020
The IMF’s forecast for a global recovery in 2021 is looking increasingly shaky in the face of a second wave of COVID-19 infections.
21 October 2020
Further signs of the “devastating impact” of the pandemic on arts and artists: What are the implications?
By David Walsh, 21 October 2020
The ongoing destruction of the jobs, incomes and aspirations of tens of thousands of artists of every kind in the US and elsewhere has a significance that goes beyond the immediate cultural sphere.
21 October 2020
By Jacob Crosse, 21 October 2020
The number reveals that despite claims of a falling unemployment rate, millions remain out of work as Congress refuses to pass coronavirus relief.
By Alex Johnson, 20 October 2020
Insurance companies saw their profit margins soar during the first half of this year, while millions of American families are being sent into bankruptcy under the weight of massive medical debts during the coronavirus pandemic.
By Charles Hixson, 19 October 2020
David Gibson, KCTMO former heard of capital investment, explained last Wednesday that all his discussions at the time had been about cost and appearance. “The discussions we were having were: what does it look like, is it acceptable for planners and what’s the cost”.
By Mauricio Saavedra, 19 October 2020
In response to planned demonstrations, Chile’s ultra-right government is placing tens of thousands of militarized Carabineros police, Special Forces and military troops on alert.
17 October 2020
17 October 2020
Trump administration reverses decision to not send $350 million in federal aid to fight California fires
By Alexa Castro, 17 October 2020
As wildfires continue to destroy millions of acres throughout the US West Coast, the social and economic crisis continues to deepen in the region.
Trump administration tipped off wealthy investors about coronavirus while it downplayed threat in public
By Jacob Crosse, 16 October 2020
The revelations reveal the overriding concern of the US government was the protection of the financial aristocracy at the expense of the health and safety of the population.
By Shannon Jones, 16 October 2020
New unemployment claims reached 898,000 last week as researchers report that the cutoff of federal supplemental unemployment benefits has fueled a surge in poverty.
By Nick Beams, 16 October 2020
The IMF has forecast that the cumulative loss of global output compared to the pre-pandemic path will to grow from $11 trillion in 2020–21 to $28 trillion in the period 2020–2025.
By Jerry White, 15 October 2020
Whatever the political maneuvering in Congress, the bottom line is both parties are denying relief to tens of millions of people who are confronting the worst economic and social crisis since the Great Depression.
By J. Cooper, 15 October 2020
Auto parts workers at the Flex-N-Gate subsidiary have consistently rejected the concessions made by the UAW Local 1216 leadership since negotiations began in late July.
By Shannon Jones, 14 October 2020
As long-term unemployment rises, major Wall Street Banks JP Morgan and Citigroup have reported booming third quarter profits.
Benefits for hundreds of thousands of jobless workers in jeopardy
By James Brookfield, 14 October 2020
The rulings coincide with the demands of the ruling elite that workers return to work under dangerous conditions so that profitability can be restored.
By Nick Beams, 14 October 2020
The IMF said the “scarring” effects of the pandemic would compound forces that dragged down productivity growth across many economies in the years leading up to it.
By By Kevin Reed, 14 October 2020
The deal to merge the midwestern hospital chains collapsed as a result of mass opposition among doctors, nurses and health care workers.
By Martin Scott, 14 October 2020
Growing numbers of workers are demanding industrial action while the unions are advocating impotent appeals to big business politicians.
By Margaret Rees, 13 October 2020
Mass health worker infections are the direct outcome of the gutting of the sector by successive state and federal governments, Labor and Liberal alike.
By Margot Miller, 13 October 2020
The pandemic is having a devastating impact on lives and livelihoods, thanks to the disastrous policies of the Johnson-led Conservative government—fully supported by the Labour opposition and trade unions.
By Elisabeth Zimmermann, 13 October 2020
Hundreds of thousands had no lights, no warm water, could use neither stoves nor refrigerators, could not do laundry and had no access to radio, television or the internet.
By Erik Schreiber, 13 October 2020
The Community Food Bank predicts that the number of food-insecure New Jersey residents will surpass 1.2 million—a staggering 13.5 percent of the state’s population.
By Charles Hixson, 12 October 2020
The 2014-16 refurbishment, including enveloping the tower in flammable cladding, turned the building into a death trap that claimed 72 lives.
By Gabriel Black, 10 October 2020
Data from the Federal Reserve demonstrates that the pandemic has accelerated trends toward social inequality in the United States.
By John Braddock, 10 October 2020
Both Labour Prime Minister Jacinda Ardern and opposition leader Judith Collins pledged continued support for the US, as it prepares for war against China, while proposing nothing to stop the worst social crisis since the Great Depression.
By Max Boddy, 10 October 2020
The conditions in the sector are the direct result of the destruction of permanent full-time jobs, enforced by the trade unions.
By Rafael Azul and Peter Ross, 10 October 2020
Even as record-breaking fires rage across the US West Coast, the ruling class has refused neither to address the climate crisis nor protect those in the path of destruction.
By Noah Ryan, 9 October 2020
According to a new study, 52 percent of young people ages 18-29 lived with their parents in July this year, nearly six months after the onset of the pandemic in the US.
By Shannon Jones, 9 October 2020
Airlines began mass layoffs and furloughs this week as new claims for unemployment remain at historically unprecedented levels amidst ever widening destitution.
By Oscar Grenfell, 9 October 2020
Anthony Albanese made clear yet again that Labor and the government march in lockstep when it comes to the pro-business response to the pandemic and the accompanying onslaught against the working class.
By Nick Beams, 8 October 2020
Desperate efforts are being made to obscure the fact that the unprecedented growth of social inequality, accelerated by the COVID pandemic, is grounded in the very functioning of the capitalist economy.
By Jacob Crosse, 8 October 2020
The unprecedented surge in wealth takes place amidst a global pandemic that has killed more than one million people worldwide, including more than 215,000 in the United States alone.
By Michael Smith, 6 October 2020
The political establishment’s only response to the abuses has been to expand such visa programs and extend them to jobless workers and school leavers.
By Jerry White, 6 October 2020
Both parties are using mass unemployment and the threat of destitution as a bludgeon to force workers back into unsafe factories and workplaces.
By Alex Johnson, 3 October 2020
Both indictments represent the first criminal case in the country brought against administrators at nursing homes during the coronavirus pandemic.
By Andrea Peters, 3 October 2020
The Kremlin’s proposed budget axes spending on health care and allocates 27 percent of all federal expenditures to the army, national guard and security forces of the interior ministry.
By Samuel Davidson, 3 October 2020
Former mining company executive Robert Murray, notorious for opposing mine safety standards, is now seeking black lung benefits.
By Kevin Reed, 3 October 2020
The September employment report from the US Bureau of Labor Statistics shows that the economic recovery—largely based on the CARES Act infusion of government money into Wall Street and corporate America—is stalling, as millions of workers remain unemployed and a new round of corporate layoffs is being carried out.
By Mike Head, 3 October 2020
While mounting a further assault on working-class conditions, this is a crisis budget like no other in living memory.
By Genevieve Leigh, 2 October 2020
Millions of workers are being forced to choose between putting themselves at risk of catching the deadly virus and putting food on the table for their families.
By Harvey Simpkins, 2 October 2020
Chad Dorrill contracted the virus after his return to Appalachian State University for fall classes.
By Julie Hyland, 2 October 2020
The guidance builds on the Prevent strategy, first implemented by the Blair Labour government, which targeted Muslims as potential extremists and required schools to report anyone they deemed “vulnerable to radicalisation.”
Sudden forced eviction of Tennessee encampment leaves 50 homeless inhabitants struggling to find shelter
By Zac Thorton, 2 October 2020
Despite having lived at the site for years, the Chattanooga camp’s inhabitants received no notice of the impending evictions, leaving them desperate and scrambling to find shelter this week.
By Jacob Crosse, 30 September 2020
Audits conducted within the last month in California, Wisconsin, Florida and Nevada reveal that millions of calls to unemployment agencies have gone unanswered.
By Mike Head, 26 September 2020
The lending law changes would see a return to the predatory policies that saw the impoverishment of thousands of households, small businesses and family farmers.
Study finds 90 percent of Americans would make 67 percent more without last four decades of increasing income inequality
By Gabriel Black, 25 September 2020
The study from the RAND Corporation provides new data on the incredible shift of income from the bottom 90 percent of the population to the top 10 percent.
By Charles Hixson, 21 September 2020
The Celotex RS5000 insulation—found by the Grenfell Inquiry as “more likely than not” to have contributed to the 2017 inferno—was sold to Harley Facades at a 47.5 percent discount.
By Jacob Crosse, 18 September 2020
Over 61 million unemployment claims have been filed in the last 6 months, with the pandemic plunging the country into a protracted economic crisis not seen since the Great Depression.
By Nick Beams, 16 September 2020
The reduction in labour’s share of the national income by eight percentage points over five decades means that workers would be receiving $1.12 trillion more had the previous distribution between wages and profits applied.
By Tomas Castanheira, 12 September 2020
Latin America this week reached the grim milestones of 300,000 COVID-19 deaths and more than 8 million infections.
By Niles Niemuth, 12 September 2020
According to Forbes’ list of the 400 wealthiest Americans, the super-rich now possess $3.2 trillion, enough to pay for an entire year of public education, health care, nutrition and disaster relief for millions of people.
Ten percent of Oregon’s population ordered to evacuate as wildfires continue to ravage the US west coast
By David Fitzgerald, 11 September 2020
At least fourteen people have died in the latest outbreak: a one-year-old boy in Washington, three people in Oregon, and ten in California, and the death toll is expected to rise.
By Kevin Reed, 9 September 2020
The annual list of the richest people in the US shows the enormous fortunes made during the pandemic while tens of millions have lost their jobs.
Virginia’s Democratic governor calls for drastic budget cuts amid growing social crisis caused by COVID-19
By Dominic Gustavo and Nick Barrickman, 7 September 2020
The cuts would effectively gut the few gains that were given to workers in the previously planned budget.
By Jacob Crosse, 4 September 2020
Millions of families’ daily existence has been reduced to the struggle for bare necessities as hunger continues to grow.
By Robert Campion, 4 September 2020
Some 61 percent of international students and other foreign visa holders were relying on savings which they said would be exhausted in a matter of weeks.
By Kevin Martinez, 2 September 2020
By the end of the year more people will die every day from hunger as a result of disruptions to the global food chain brought about by the pandemic, than from the virus itself.
By Rafael Azul, 2 September 2020
Photos circulated on social media this week showing children sitting in a parking lot in order to use their internet to do homework.
By Richard Tyler, 2 September 2020
A study by the McKinsey Global Institute estimates that 59 million workers in Europe, over a quarter of the entire workforce, are in jobs that are seriously at risk.
By Nick Beams, 2 September 2020
This August, amid mass death, hunger and poverty, Wall Street recorded its biggest increase for the month since 1986.
By Bryan Dyne, 1 September 2020
The Trump administration continues to reduce testing in favor of its de facto “herd immunity” policy, as coronavirus reinfection cases begin to emerge.
By Thomas Scripps, 1 September 2020
Investors’ pursuit of short-term profits has seen vast resources looted from the care sector and providers laden with unsustainable debts.
By Shuvu Batta and Daniel de Vries, 1 September 2020
Emily Gil, a recent high school graduate, was charged $2,500 for “police overtime” after she organized a protest in the town of Englewood Cliffs calling for affordable housing and an end to police brutality.
By Erika Zimmer, 31 August 2020
The data exposes the fraud of the Gonski funding model, commissioned by the last federal Labor government, ostensibly to overcome the socioeconomic divide.
By Jerry White, 28 August 2020
Despite President Trump’s claims about a “super-V” shaped recovery, more than 27 million workers are collecting unemployment benefits and millions face the prospect of eviction and utility shutoffs.
By Anthony del Olmo, 27 August 2020
Northern California residents have suffered more than a week of wildfires caused by lightning strikes and a historic heat wave in the midst of the coronavirus pandemic.
By Nick Beams, 27 August 2020
The key question concerning financial elites around the world is how the Fed and other central banks intend to continue the stimulus to markets.
After receiving $5.8 billion through the CARES Act
By Jacob Crosse, 26 August 2020
As temporary layoffs become permanent, airline executives and their stockholders, with the invaluable assistance of the trade unions, are consigning thousands to destitution.
Victims of herd immunity: further evidence that UK care home residents were denied medical treatment
By Margot Miller, 25 August 2020
National Health Service managers instructed care homes that residents who became sick were to be covered with DNAR (do not attempt to resuscitate) orders.
By Kumaran Ira, 25 August 2020
The accumulation of obscene levels of wealth by a small financial aristocracy is the product of decades of austerity imposed by governments of various political colors.
By Jessica Goldstein, 25 August 2020
As it is with the wildfires in California and the devastation wrought by Hurricane Katrina, the criminal nature of the ruling class is revealed in its response to the disaster still unfolding in Iowa.
By Patrick Martin, 24 August 2020
The House of Representatives convened for a Saturday session to vote on funding the Postal Service, but Democratic leaders declined to take any action on federal supplemental unemployment benefits, which expired July 31.
By Terry Cook, 24 August 2020
Qantas and Virgin, like their global rivals, are using COVID-19 to slash costs by eliminating thousands of jobs.
By Mike Head, 24 August 2020
There was outrage at the University of Sydney last week after all departments were asked to plan scenarios to cut thousands of full-time jobs.
By Laura Tiernan, 22 August 2020
The delay follows an outpouring of public opposition to eviction proceedings due to begin Monday, with 290,000 renters at immediate risk of homelessness.
Thirty years since the capitalist reunification of Germany
By Wolfgang Weber, 21 August 2020
Berlin is being hit with full force by the economic and social consequences of the Corona policy of the city’s government, a coalition of the SPD, Left Party and Greens.
By Andre Damon, 18 August 2020
America’s extreme social inequality underpins all aspects of the US government’s response to the pandemic, which has been characterized by total disregard for the health, safety and well-being of the vast majority of the population.
By Patrick Martin, 14 August 2020
The capitalist politicians will be holding their presidential nominating conventions while millions of workers have been cut off from federal benefits.
By Nick Beams, 13 August 2020
Since the crisis of mid-March when the market plunged and the financial system froze, Wall Street’s S&P 500 index has risen by 50 percent on the back of government corporate bailouts and the pumping out of trillions of dollars by the Fed.
By Jacob Crosse, 12 August 2020
As eviction filings increase to pre-pandemic levels, workers and their families are left to fend for themselves.
By Kate Randall, 12 August 2020
A new analysis shows that the number of deaths from the coronavirus has likely been undercounted by 37 percent.
By Tom Casey, 11 August 2020
Some 12,000 seafarers remain stranded in US waters five months after the shutdown of the cruise line industry due to coronavirus.
By Jacob Crosse, 10 August 2020
An analysis released Friday by the Aspen Institute estimates that between 28,900,000 and 39,900,000 tenants in the US are at risk of eviction by the end of the year.
By Brian Green, 10 August 2020
Most recently Reed opposed Democratic Mayor Lori Lightfoot’s budget that starves schools of resources while flooding the Police Department with billions of dollars.
As July report shows no let-up in mass joblessness
By Jacob Crosse, 8 August 2020
Driven by social interests irreconcilably opposed to those of the working class, congressional leaders from both parties adjourned Friday without restoring jobless pay.
As Senate adjourns for weekend
By Jacob Crosse, 7 August 2020
Indifferent to the plight of millions of jobless workers and their families, senators from both parties adjourned Thursday with no agreement on extending expired unemployment benefits.
“A nationwide strike is what needs to be done”
By Nancy Hanover, 7 August 2020
From Florida to California, teachers and parents are caravanning, protesting and petitioning against a reckless return to school as demanded by Wall Street and the entire political establishment.
By Matthew Taylor, 7 August 2020
The St. Andrews Residence has been in disrepair for years leading many residents to believe the owners have deliberately neglected their health and safety in order to facilitate a sale of the million-dollar waterfront property.
As negotiations stall on federal coronavirus relief bill
Florida governor admits state unemployment system purposefully designed to pay out “least number of claims”
By Jacob Crosse, 6 August 2020
Republican governor Ron DeSantis had previously claimed nearly all applicants had been paid and blamed jobless workers for incorrectly filling out forms.
By Jacob Crosse, 5 August 2020
Congress continues to quibble over a new bill as the crisis deepens for millions of workers and their families.
By Jacob Crosse, 4 August 2020
Millions of American workers don’t know how they’ll pay rent or where their next meal will come from.
By Patrick Martin, 3 August 2020
Allowing federal supplemental benefits to expire for 30 million jobless workers shows the class character of both the Democratic and Republican parties.