Tumgik
#U.S. unemployment rate
thenewgothictwice · 30 days
Text
Tumblr media
March 28. Taleed El-Sabawi, JD, PhD writes: "Jordan should be trending right now. Protests have been blocking traffic; men have flooded the streets in such large numbers that even the repressive military force in Jordan can’t beat them into submission (something they frequently do); Protesters are chanting for Jordan to open its borders so they can march to Al-Aqsa. The political unrest in Jordan has been at a boiling point for years now.
High rates of unemployment particularly among young men; significant inflation; high housing costs; low wages; skyrocketing gas prices, electricity, groceries…hardly any industry. Repressive import taxes.
And a monarchy that pockets millions of US government aid in exchange for US military access. The monarchy is now holding on by a thread.
Expect the Jordanian forces to increase their violence against protestors. Expect the U.S. to send in reinforcements in some shape or form—If the monarchy falls, it will not be a U.S. co-opted government that will organically take its place. It will not be an Israel friendly government. Expect the U.S. to meddle as they always have & to do everything they can to keep the monarchy in place.
Even a UN Ceasefire isn’t enough to make Israel ceasefire or the U.S. to call for Israel to ceasefire. The calculus has changed. The people are reminded yet again how the governments of the world have failed them. Expect more of this around the world.
Every time there are protests in Jordan, I call my family in Amman to get a sense of how serious it is, because my grandparents are in Amman. Since October, every time I call they have brushed it off as young men being young men. Skirmishes with the armed guard as usual. But today was different. They spoke about not being able to drive in the streets, of the chaos, of the sheer number of human bodies, of the determination to do something to help Gaza—something has changed. This time, it feels different.
Additional important context: Jordan was created in 1946. When Britain divided up the Arab World into nation states. Before that there was free movement & a greater degree of one-ness. So when Jordanians say they there is no difference between us and the Palestinian people or that we are the same people , it is because the British creation of nation states was a Western government forcing the Arab people into its Western constructs.
[about further protests in Jordan] There are already plans to start again —at Maghreb tomorrow (sunset)—at the Israeli embassy and doing a sit-in again until dawn, interspersed with prayers. Tomorrow will mark day 5 of protests in Amman."
2K notes · View notes
robertreich · 3 months
Video
youtube
Five Biggest Border Lies Debunked 
Republicans are lying about immigrants and the border. Here are five of their biggest doozies.
1. They claim Biden doesn’t want to secure the border
Well, that’s rubbish. Biden has consistently asked for additional funding for border security.
Republicans have just as consistently refused. They’re voting to cut Customs and Border Protection funding in spending bills and blocking passage of Biden’s $106 billion national security supplemental that includes border funding.
2. They blame the drug crisis on immigration
That’s more rubbish. While large amounts of fentanyl and other deadly drugs have been flowing into the U.S. from Mexico, 90% arrives through official ports of entry, not via immigrants illegally crossing the border. In fact, research by the Cato Institute found that more than 86% of the people convicted of trafficking fentanyl in 2021 were U.S. citizens.
3. They claim that undocumented immigrants are terrorists.
Baloney. For almost a half century, no American has been killed or injured in a terrorist attack in the United States that involved someone who crossed the border illegally.
4. They say immigrants are stealing American jobs.
Nonsense. Evidence shows immigrants are not taking jobs that American workers want. And the surge across the border is not increasing unemployment. Far from it: unemployment has been below 4% for roughly two years.
5. They blame crime on immigrants
More baloney. This has been debunked by numerous studies over the years. In fact, a 2020 study found that undocumented immigrants have "substantially" lower crime rates than native-born citizens and legal immigrants.
Notwithstanding the recent migrant surge, America’s homicide rate has fallen nearly 13% since 2022 — the largest decrease on record. Local law enforcement agencies are also reporting drops in violent crime.
Who’s really behind these lies?
Since he entered politics, Donald Trump has fanned nativist fears and bigotry.
Now leaning into full neo-fascism and using the actual language of Hitler to attack immigrants.
Trump wants us to forget that almost all of us are the descendants of immigrants who fled persecution, or were brought to America under duress, or simply sought better lives for themselves and their descendants.
Know the truth and spread it.
625 notes · View notes
Text
A staggering $50 trillion. That is how much the upward redistribution of income has cost American workers over the past several decades. This is not some back-of-the-napkin approximation. According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month. Every single year. Price and Edwards calculate that the cumulative tab for our four-decade-long experiment in radical inequality had grown to over $47 trillion from 1975 through 2018. At a recent pace of about $2.5 trillion a year, that number we estimate crossed the $50 trillion mark by early 2020. That’s $50 trillion that would have gone into the paychecks of working Americans had inequality held constant—$50 trillion that would have built a far larger and more prosperous economy—$50 trillion that would have enabled the vast majority of Americans to enter this pandemic far more healthy, resilient, and financially secure.
[...]
Why is our death toll so high and our unemployment rate so staggeringly off the charts? Why was our nation so unprepared, and our economy so fragile? Why have we lacked the stamina and the will to contain the virus like most other advanced nations? The reason is staring us in the face: a stampede of rising inequality that has been trampling the lives and livelihoods of the vast majority of Americans, year after year after year.
356 notes · View notes
Text
Falling inflation, rising growth give U.S. the world’s best recovery
Tumblr media
The European economy, hobbled by unfamiliar weakness in Germany, is barely growing. China is struggling to recapture its sizzle. And Japan continues to disappoint. But in the United States, it’s a different story. Here, despite lingering consumer angst over inflation, the surprisingly strong economy is outperforming all of its major trading partners. Since 2020, the United States has powered through a once-in-a-century pandemic, the highest inflation in 40 years and fallout from two foreign wars. Now, after posting faster annual growth last year than in 2022, the U.S. economy is quashing fears of a new recession while offering lessons for future crisis-fighting. “The U.S. has really come out of this into a place of strength and is moving forward like covid never happened,” said Claudia Sahm, a former Federal Reserve economist who now runs an eponymous consulting firm. “We earned this; it wasn’t just a fluke.” On Friday, President Biden hailed fresh government data showing that annual inflation over the second half of 2023 fell back to the Federal Reserve’s 2 percent target. Coupled with Thursday’s news that the economy grew by 3.1 percent over the past 12 months, the Commerce Department report showed that the United States appears to have achieved an economic soft landing. The post-pandemic recovery challenged long-standing economic beliefs, such as the idea of an inverse relationship between unemployment and inflation. (As one rose, the other was expected to fall.) Expressed in what economists call the Phillips curve, this nostrum proved nearly useless in explaining the economy’s recent behavior. [...] “Putting money in people’s hands vs. moving around interest rates, which is monetary policy, fiscal policy is going to be stronger,” Sahm said. “We cannot go into the next crisis being, like, ‘Oh, the Fed’s got this.’” Consumer spending is driving the economy: Real consumption rose by 0.5 percent in December, its fastest pace since last January. Pending home sales jumped, too. Following the flurry of good news, JPMorgan Chase economists said they raised their first-quarter growth forecast.
Biden deserves credit for turning the economy around. This was a front page headline article on the WaPo website for a short time on Sunday Jan. 28th. I didn't see anything about this on The New York Times front page website. The mainstream media should do a better job of conveying this good news about the economy. Certainly, the right-wing media won't do so.
84 notes · View notes
fans4wga · 8 months
Text
Poll Shows 67% of Americans Surveyed Support the WGA and SAG-AFTRA Strikes
18 August - "A large majority of Americans support the writers and actors strikes, and a plurality hold an unfavorable view of the Hollywood studios, according to a new poll by Data for Progress.
The poll found 67% support among likely voters for the strikes by the Writers Guild of America and SAG-AFTRA, while just 18% oppose them.
The poll also found that 48% have an unfavorable view of the major studios, and just 31% support the studios. The survey also found that 60% of respondents subscribe to Netflix, 41% subscribe to Hulu, and 35% subscribe to Disney+.
The firm also asked strike supporters if delays in their favorite movies and TV shows would cause them to change their minds. The survey found that 86% would continue to support the strikes, while 10% would oppose them.
Data for Progress is a progressive polling firm that conducts surveys on issues including climate, education, health care and workers rights. The firm surveyed 1,124 respondents online from Aug. 3-5.
The respondents gave mixed answers when asked the primary reason for the two strikes, with 33% citing fair compensation for streaming shows, another 33% citing pay and benefits, and 16% answering protections from artificial intelligence.
The survey found 85% support for SAG-AFTRA’s position that actors should be get consent and fair compensation for any use of their likeness by AI. The survey also found that 74% believe studios should be barred from replacing writers with AI.
In a statement, Liz Shuler, the president of the AFL-CIO, said that the results confirm broad national support for the striking unions and the importance of AI across industries.
“Voters understand that this isn’t just about one industry — this is about all of us — and unions need to have a seat at the table to take on the existential threat AI poses to our livelihoods and economy,” Shuler said.
The results are similar to those of another poll conducted recently for the Los Angeles Times. That survey found that 38% of respondents were more sympathetic with the actors and writers, while 7% sided with the studios. Another 29% were ambivalent while 25% said they did not have an opinion.
According to Gallup, support for unions climbed steadily in the U.S. from a low point of 48% in 2009 to 71% in 2022. The firm cited the low unemployment rate during the pandemic as having “altered the balance of power between employers and employees,” leading to unionization drives at Amazon and Starbucks.
A 2021 poll from Data for Progress also found broad support for unions, with 68% in favor and 24% opposed.
Duncan Crabtree-Ireland, the executive director of SAG-AFTRA, said in a statement that the poll shows Americans understand the reasons for the strike.
“I suspect many are seeing the same dynamic playing out in their own lives, with employers undervaluing their contributions,” he said. “That’s why this fight is so important. Our demands aren’t unreasonable, and it’s a fundamental principle of fairness that workers should be fairly compensated for the value they bring their employer — in every industry.”
Lowell Peterson, the executive director of WGA East, concurred.
“Everyone who works for a living understands what it’s like to get squeezed economically, to face threats from disruptive technology like AI, to try to hold one’s own against huge corporations motivated by their own profit rather than their employees’ well-being,” Peterson said.
The WGA has been on strike since May 2, while the performers’ union began striking on July 14. Both unions are seeking increased residuals for streaming shows, regulations on AI, and increases in minimum compensation rates to keep pace with inflation.
The WGA also wants a minimum staff size and a guaranteed minimum number of weeks of work in television, and weekly pay for screenwriters."
-
Note from mod: This poll is great news—but as the strike goes on, it's more essential than ever to keep support up. Correct misinformation whenever you hear it (online and in real life), and source your information directly from WGA and SAG-AFTRA sources; don't rely on opinion. And be critical of the trades like Deadline/The Hollywood Reporter/Variety (saying this even though we linked the article from Variety above; you have to take their articles critically and on a case-by-case basis to see if they're useful or not, because sometimes they just publish studio press releases uncritically!)
As always, if you're able, donate to the Entertainment Community Fund or the Green Envelope Grocery Aid mutual aid fund to keep industry workers afloat during this long work stoppage. Add your voice to union support online and IRL, and push back against false studio propaganda, such as the writers' demands being unreasonable or all actors being rich. These false narratives can easily be refuted by hard data (e.g., the writers' demands are eminently reasonable to even keep the writing profession alive and actors aren't rich, many are struggling to even afford health insurance!), so counter the lies at every opportunity. Keep morale high and stand in solidarity, and we'll only get stronger.
189 notes · View notes
ivan-fyodorovich-k · 6 months
Text
I will be curious to read the vituperative denials of the validity of this article's analysis, which is pasted below the cutoff:
“Are you better off today than you were four years ago?” That question, first posed by Ronald Reagan in a 1980 presidential-campaign debate with Jimmy Carter, has become the quintessential political question about the economy. And most Americans today, it seems, would say their answer is no. In a new survey by Bankrate published on Wednesday, only 21 percent of those surveyed said their financial situation had improved since Joe Biden was elected president in 2020, against 50 percent who said it had gotten worse. That echoed the results of an ABC News/Washington Post poll from September, in which 44 percent of those surveyed said they were worse off financially since Biden’s election. And in a New York Times/Siena College poll released last week, 53 percent of registered voters said that Biden’s policies had hurt them personally.
As has been much commented on (including by me), this gloom is striking when contrasted with the actual performance of the U.S. economy, which grew at an annual rate of 4.9 percent in the most recent quarter, and which has seen unemployment holding below 4 percent for more than 18 months. But the downbeat mood is perhaps even more striking when contrasted with the picture offered by the Federal Reserve’s recently released Survey of Consumer
The survey provides an in-depth analysis of the financial condition of American households, conducted for the Fed by the National Opinion Research Center at the University of Chicago. Published every three years, it’s the proverbial gold standard of household research. The latest survey looked at Americans’ net worth as of mid-to-late 2022 and Americans’ income in 2021, comparing them with equivalent data from three years earlier. It found that despite the severe disruption to the economy caused by the pandemic and the recovery from it, Americans across the spectrum saw their incomes and wealth rise over the survey period.
The rise in median household net worth was the most notable improvement: It jumped by 37 percent from 2019 to 2022, rising to $192,000. (All numbers are adjusted for inflation.) Americans in every income bracket saw substantial gains, with the biggest gains registered by people in the middle and upper-middle brackets, which suggests that a slight narrowing of wealth inequality occurred during this time. In particular, Black and Latino households saw their median net worth rise faster than white households did—though the racial wealth gap is so wide that it narrowed only slightly as a result of this change.
A big driver of this increase was the rising value of people’s homes—and a higher percentage of Americans owned homes in 2022 than did in 2019. But households’ financial position improved in other ways too. The amount of money that the median household had in bank accounts and retirement accounts rose substantially. The percentage of Americans owning stocks directly (that is, not in retirement accounts) jumped by more than a third, from about 15 to 21 percent. The percentage of Americans with retirement accounts went from 50.5 to 54.3 percent, a notable improvement. And a fifth of Americans reported owning a business, the highest proportion since the survey began in its current form (in 1989).
Americans also reduced their debt loads during the pandemic. The median credit-card balance dropped by 14 percent, and the share of people with car loans fell. More significantly still, Americans’ median debt-to-asset, debt-to-income, and debt-payment-to-income ratios all fell, meaning that U.S. households had lower debt burdens, on average, in 2022 than they’d had three years earlier.
The gains in real income (in this case, measured from 2018 to 2021) were small—median household income rose 3 percent, with every income bracket seeing gains. But that was better than one might have expected, given that this period included a pandemic-induced recession and only a single year of recovery.
The picture the survey paints, then, is one of American households not only weathering the pandemic in surprisingly good shape, but ultimately also emerging from it in better financial shape than they were going in. And that, in turn, points to the effect of the U.S. policy response to the crisis: Stimulus payments, enhanced unemployment benefits, the child-care tax credit, and the moratorium on student-loan payments boosted household income and balance sheets, helping people pay down debt and increase their savings. In the process, these policies mildly narrowed inequality.
The U.S. government’s aggressive response to the pandemic, including Biden’s stimulus spending, also helped the job market recover all its pandemic-related losses—and add millions of jobs on top. The resulting tight labor market has been a huge boon to lower-wage workers. In fact, because the Fed survey’s income data end in 2021, it understates the income gains for the bottom half of the workforce, and the shrinking income inequality they’ve produced.
Hourly wages for production and nonsupervisory workers (who make up about 80 percent of the American workforce) rose 4.4 percent year-on-year in the third quarter of 2023, for instance, ahead of the pace of inflation. And this was not anomalous: Arindrajit Dube, an economist at the University of Massachusetts at Amherst, crunched the numbers and found that real wages for that same sector of workers are not just higher than they were in 2019, but are now roughly where they would have been if we’d continued on the upward pre-pandemic trend.
The reason for this is simple: Low unemployment has translated into higher wages. As a recent working paper by Dube, David Autor, and Annie McGrew shows, the tight labor markets of the past few years have given lower-wage workers more bargaining power than in the past, leading to a compression in the wage gap between higher-paid and lower-paid workers. Of course, that gap is still immense, but the three scholars found that the wage gains for lower-paid workers have rolled back about a quarter of the rise in inequality that has occurred since the 1980s.
So what should we take away from the Survey of Consumer Finances data, and from Dube, Autor, and McGrew’s work? Not that everything is fine, but that public policy and macroeconomic management matter a lot. Enhanced unemployment benefits, the child-care tax credit, the stimulus payments—these things materially improved the lives of Americans and helped set the economy up for a strong recovery. If the policy response had been less aggressive, the U.S. economy would be in worse shape now. This is something you can see by looking at Europe, where economies are growing far more slowly and unemployment is higher, while inflation is no lower.
Key to this story is the fact that lower-wage workers in particular would be worse off, because they have been among the chief beneficiaries of the low unemployment created by the robust recovery. It’s a useful reminder that stagnant wages are not an inevitable result of American capitalism: When labor markets are tight, and employers have to compete with one another for employees, workers get paid more.
So, even allowing for the high inflation we saw in 2022, no one could really look at the U.S. economy today and say that the policy choices of the past three years made us poorer. Yet that, of course, is precisely how many Americans feel.
Although that pessimism does not bode well for Biden’s reelection prospects, the real problem with it is even more far-reaching: If voters think that policies that helped them actually hurt them, that makes it much less likely that politicians will embrace similar policies in the future. The U.S. got a lot right in its macroeconomic approach over the past three years. Too bad that voters think it got so much wrong.
63 notes · View notes
lilithism1848 · 7 months
Text
Atrocities US committed against ASIA
Between 1996-2006, The US has given money and weapons to royalist forces against the nepalese communists in the Nepalese civil war. ~18,000 people have died in the conflict. In 2002, after another civil war erupted, President George W. Bush pushed a bill through Congress authorizing $20 million in military aid to the Nepalese government.
In 1996, after receiving incredibly low approval ratings, the US helped elect Boris Yeltsin, an incompetent pro-capitalist independent, by giving him a $10 Billion dollar loan to finance a winning election. Rather than creating new enterprises, Yeltsin’s democratization led to international monopolies hijacking the former Soviet markets, arbitraging the huge difference between old domestic prices for Russian commodities and the prices prevailing on the world market. Much of the Yeltsin era was marked by widespread corruption, and as a result of persistent low oil and commodity prices during the 1990s, Russia suffered inflation, economic collapse and enormous political and social problems that affected Russia and the other former states of the USSR. Under Yeltsin, Between 1990 and 1994, life expectancy for Russian men and women fell from 64 and 74 years respectively to 58 and 71 years. The surge in mortality was “beyond the peacetime experience of industrialised countries”. While it was boom time for the new oligarchs, poverty and unemployment surged; prices were hiked dramatically; communities were devastated by deindustrialisation; and social protections were stripped away.
In the 1970s-80s, wikileaks cables revealed that the US covertly supported the Khmer Rouge in their fight against the Vietnamese communists. Annual support included an end total of ~$215M USD, food aid to 20-40k Khmer Rouge fighters, CIA advisors in several camps, and ammunition.
In December 1975, The US supplied the weaponry for the Indonesian invasion of East Timor. This incursion was launched the day after U.S. President Gerald Ford and Secretary of State Henry Kissinger had left Indonesia where they had given President Suharto permission to use American arms, which under U.S. law, could not be used for aggression. Daniel Moynihan, U.S. ambassador to the UN. said that the U.S. wanted “things to turn out as they did.” The result was an estimated 200,000 dead out of a population of 700,000. Sixteen years later, on November 12, 1991, two hundred and seventeen East Timorese protesters in Dili, many of them children, marching from a memorial service, were gunned down by Indonesian Kopassus shock troops who were headed by U.S.- trained commanders Prabowo Subianto (son in law of General Suharto) and Kiki Syahnakri. Trucks were seen dumping bodies into the sea.
In 1975 Australian Constitutional Crisis, the CIA helped topple the democratically elected, left-leaning government of Prime Minister Gough Whitlam, by telling Governor-General, John Kerr, a longtime CIA collaborator, to dissolve the Whitlam government.
In 2018 after the release of a suppressed ISC (International Scientific Commission) report, and the release of declassified CIA communications daily reports in 2020, it was revealed that the US used germ warfare in the Korean war, 2. Many of these attacks involved the dropping of insects or small mammals infected with viruses such as anthrax, plague, cholera, and encephalitis. After discovering evidence of germ warfare, China invited the ISC headed by famed British scientist Joseph Needham, to investigate, but the report was suppressed for over 70 years.
Between 1963 and 1973, The US dropped ~388,000 tons of napalm bombs in vietnam, compared to 32,357 tons used over three years in the Korean War, and 16,500 tons dropped on Japan in 1945. US also sprayed over 5 million acres with herbicide, in Operation Ranch Hand, in a 10 year campaign to deprive the vietnamese of food and vegetation cover.
In 1971 in Pakistan, an authoritarian state supported by the U.S., brutally invaded East Pakistan in the Indo-Pakistani war of 1971. The war ended after India, whose economy was staggering after admitting about 10 million refugees, invaded East Pakistan (now Bangladesh) and defeated the West Pakistani forces. The US gave W. pakistan 411 million provided to establish its armed forces which spent 80% of its budget on its military. 15 million in arms flowed into W. Pakistan during the war. Between 300,000 to 3 million civilians were killed, with 8-10 million refugees fleeing to India.
In 1970, In Cambodia, The CIA overthrows Prince Sihanouk, who is highly popular among Cambodians for keeping them out of the Vietnam War. He is replaced by CIA puppet Lon Nol, whose forces suppressed the large-scale popular demonstrations in favour of Sihanouk, resulting in several hundred deaths. This unpopular move strengthens once minor opposition parties like the Khmer Rouge (another CIA supported group), who achieve power in 1975 and massacres ~2.5 million people. The Khmer Rouge, under Pol Pot, carried out the Cambodian Genocide, which killed 1.5-2M people from 1975-1979.
In 1969, The US initiated a secret carpet bombing campaign in eastern Cambodia, called, Operation Menu, and Operation Freedom Deal in 1970. An estimated 40,000 - 150,000 civilians were killed. Nixon lied about this campaign, but was later exposed, and one of the things that lead to his impeachment.
US dropped large amounts of Agent Orange, an herbicide developed by monsanto and dow chemical for the department of defense, in vietnam. Its use, in particular the contaminant dioxin, causes multiple health problems, including cleft palate, mental disabilities, hernias, still births, poisoned breast milk, and extra fingers and toes, as well as destroying local species of plants and animals. The Red Cross of Vietnam estimates that up to 1 million people are disabled or have health problems due to Agent Orange.
US Troops killed between 347 and 504 unarmed civilians, including women, children, and infants, in South Vietnam on March, 1968, in the My Lai Massacre. Some of the women were gang-raped and their bodies mutilated. Soldiers set fire to huts, waiting for civilians to come out so they could shoot them. For 30 years, the three US servicemen who tried to halt the massacre and rescue the hiding civilians were shunned and denounced as traitors, even by congressmen.
In 1967, the CIA helped South Vietnamese agents identify and then murder alleged Viet Cong leaders operating in villages, in the Phoenix Program. By 1972, Phoenix operatives had executed between 26,000 and 41,000 suspected NLF operatives, informants and supporters.
In 1965, The CIA overthrew the democratically elected Indonesian leader Sukarno with a military coup. The CIA had been trying to eliminate Sukarno since 1957, using everything from attempted assassination to sexual intrigue, for nothing more than his declaring neutrality in the Cold War. His successor, General Suharto, aided by the CIA, massacred between 500,000 to 1 million civilians accused of being communist, in the Indonesian mass killings of 1965-66. The US continued to support Suharto throughout the 70s, supplying weapons and planes.
Between 1964 and 1973, American pilots flew 580,000 attack sorties over Laos, an average of one planeload of bombs every eight minutes for almost a decade. By the time the last US bombs fell in April 1973, a total of 2,093,100 tonnes of ordnance had rained down on this neutral country. To this day, Laos, a country of just 7 million people, retains the dubious accolade of being the most heavily bombed country in the world per capita.
From the 1960s onward, the US supported Filipino dictator Ferdinand Marcos. The US provided hundreds of millions of dollars in aid, which was crucial in buttressing Marcos’s rule over the years. The estimated number of persons that were executed and disappeared under President Fernando Marcos was over 100,000. After fleeing to hawaii, marco was suceeded by the widow of an opponent he assasinated, Corazon aquino.
Starting in 1957, in the wake of the US-backed First Indochina War, The CIA carries out approximately one coup per year trying to nullify Laos’ democratic elections, specifically targeting the Pathet Lao, a leftist group with enough popular support to be a member of any coalition government, and perpetuating the 20 year Laotian civil war. In the late 50s, the CIA even creates an “Armee Clandestine” of Asian mercenaries to attack the Pathet Lao. After the CIA’s army suffers numerous defeats, the U.S. drops more bombs on Laos than all the U.S. bombs dropped in World War II. A quarter of all Laotians will eventually become refugees, many living in caves. This was later called a “secret war,” since it occurred at the same time as the Vietnam War, but got little press. Hundreds of thousands were killed.
In 1955, the CIA provided explosives, and aided KMT agents in an assassination attempt against the Chinese Premier, Zhou Enlai. KMT agents placed a time-bomb on the Air India aircraft, Kashmir Princess, which Zhou was supposed to take on his way to the Bandung Conference, an anti-imperialist meeting of Asian and African states, but he changed his travel plans at the last minute. Henry Kissinger denied US involvement, even though remains of a US detonator were found. 16 people were killed.
From 1955-1975, the US supported French colonialist interests in Vietnam, set up a puppet regime in Saigon to serve US interests, and later took part as a belligerent against North Vietnam in the Vietnam War. U.S. involvement escalated further following the 1964 Gulf of Tonkin incident, which was later found to be staged by Lyndon Johnson. The war exacted a huge human cost in terms of fatalities (see Vietnam War casualties). Estimates of the number of Vietnamese soldiers and civilians killed vary from 966,000 source to 3.8 million.source Some 240,000–300,000 Cambodians,source23 20,000–62,000 Laotians,4 and 58,220 U.S. service members also died in the conflict, with a further 1,626 missing in action. Unexploded bomb continue to kill civilians for years afterward.
In the summer of 1950 in South Korea, anticommunists aided by the US executed at least 100,000 people suspected of supporting communism, in the Bodo League Massacre. For four decades the South Korean government concealed this massacre. Survivors were forbidden by the government from revealing it, under suspicion of being communist sympathizers. Public revelation carried with it the threat of torture and death. During the 1990s and onwards, several corpses were excavated from mass graves, resulting in public awareness of the massacre.
In 1984, documents were released showing that Eisenhower authorized the use of atomic weapons on North Korea, should the communists renew the war in 1953. The 2,000 pages released show the high level of planning and the detail of discussion on possible use of these weapons, and Mr. Eisenhower’s interest in overcoming reluctance to use them.
In the beginning of the Korean war, US Troops killed ~300 South Korean civilians in the No Gun Ri massacre, revealing a theater-wide policy of firing on approaching refugee groups. Trapped refugees began piling up bodies as barricades and tried to dig into the ground to hide. Some managed to escape the first night, while U.S. troops turned searchlights on the tunnels and continued firing, said Chung Koo-ho, whose mother died shielding him and his sister. No apology has yet been issued.
The US intervened in the 1950-53 Korean Civil War, on the side of the south Koreans, in a proxy war between the US and china for supremacy in East Asia. South Korea reported some 373,599 civilian and 137,899 military deaths, the US with 34,000 killed, and China with 114,000 killed. Overall, the U.S. dropped 635,000 tons of bombs—including 32,557 tons of napalm—on Korea, more than they did during the whole Pacific campaign of World War II. The US killed an estimated 1/3rd of the north Korean people during the war. The Joint Chiefs of staff issued orders for the retaliatory bombing of the People’s republic of China, should south Korea be attacked. Deadly clashes have continued up to the present day.
From 1948-1949, the Jeju uprising was an insurgency taking place in the Korean province of Jeju island, followed by severe anticommunist suppression of the South Korean Labor Party in which 14-30,000 people were killed, or ~10% of the island’s population. Though atrocities were committed by both sides, the methods used by the South Korean government to suppress the rebels were especially cruel. On one occasion, American soldiers discovered the bodies of 97 people including children, killed by government forces. On another, American soldiers caught government police forces carrying out an execution of 76 villagers, including women and children. The US later entered the Korean civil war on the side of the South Koreans.
In 1949 during the resumed Chinese Civil War, the US supported the corrupt Kuomintang dictatorship of Chiang Kaishek to fight against the Chinese Communists, who had won the support of the vast majority of peasant-farmers and helped defeat the Japanese invasion. The US strongly supported the Kuomintang forces. Over 50,000 US Marines were sent to guard strategic sites, and 100,000 US troops were sent to Shandong. The US equipped and trained over 500,000 KMT troops, and transported KMT forces to occupy newly liberated zones as well as to contain Communist-controlled areas. American aid included substantial amounts of both new and surplus military supplies; additionally, loans worth hundreds of millions of dollars were made to the KMT. Within less than two years after the Sino-Japanese War, the KMT had received $4.43 billion from the US—most of which was military aid.
The U.S. installed Syngman Rhee,a conservative Korean exile, as President of South Korea in 1948. Rhee became a dictator on an anti-communist crusade, arresting and torturing suspected communists, brutally putting down rebellions, killing 100,000 people and vowing to take over North Korea. Rhee precipitated the outbreak of the Korean War and for the allied decision to invade North Korea once South Korea had been recaptured. He was finally forced to resign by mass student protests in 1960.
Between 1946 and 1958, the US tested 23 nuclear devices at Bikini Atoll, using the native islanders and their land as guinea pigs for the effects of nuclear fallout. Significant fallout caused widespread radiological contamination in the area, and killed many islanders. A survivor stated, “What the Americans did was no accident. They came here and destroyed our land. They came to test the effects of a nuclear bomb on us. It was no accident.” Many of the islanders exposed were brought to the US Argonne National laboratory, to study the effects. Afterwards the islands proved unsuitable to sustaining life, resulting in starvation and requiring the residents to receive ongoing aid. Virtually all of the inhabitants showed acute symptoms of radiation syndrome, many developing thyroid cancers, Leukimia, miscarriages, stillborn and “jellyfish babies” (highly deformed) along with symptoms like hair falling out, and diahrrea. A handful were brought to the US for medical research and later returned, while others were evacuated to neighboring Islands. The US under LBJ prematurely returned the majority returned 3 years later, to further test how human beings absorb radiation from their food and environment. The islanders pleaded with the US to move them away from the islands, as it became clear that their children were developing deformities and radiation sickness. Radion levels were still unacceptable. The United States later paid the islanders and their descendants 25 million in compensation for damage caused by the nuclear testing program. A 2016 investigation found radiation levels on Bikini Atoll as high as 639 mrem yr−1, well above the established safety standard threshold for habitation of 100 mrem yr−1. Similar tests occurred elsewhere in the Marshall Islands during this time period. Due to the destruction of natural wealth, Kwajalein Atoll’s military installation and dislocation, the majority of natives currently live in extreme poverty, making less than 1$ a day. Those that have jobs, mostly work at the US military installation and resorts. Much of this is detailed in the documentary, The Coming War on China (2016). 
After the Japanese surrender in 1945, Douglas MacArthur pardoned Unit 731, a Japanese biological experimentation center which performed human testing of biological agents against Chinese citizens. While a series of war tribunals and trials was organized, many of the high-ranking officials and doctors who devised and respectively performed the experiments were pardoned and never brought to justice. As many as 12,000 people, most of them Chinese, died in Unit 731 alone and many more died in other facilities, such as Unit 100 and in field experiments throughout Manchuria. One of the experimenters who killed many, microbiologist Shiro Ishii, later traveled to the US to advise on its bioweapons programs. In the final days of the Pacific War and in the face of imminent defeat, Japanese troops blew up the headquarters of Unit 731 in order to destroy evidence of the research done there. As part of the cover-up, Ishii ordered 150 remaining subjects killed.
In 1945 during the month-long Battle of Manila, the US in deciding whether to attack Manila (then under Japanese occupation) with ground troops, decided instead to use indiscriminate carpet-bombing, howitzers, and naval bombardment, killing an estimated 100,000 people. The casualty figures show the US’s regard for filipino civilian life: 1,010 Americans, 16,665 Japanese and 100,000 to 240,000 civilians were killed. Manila became, alongside Berlin, and Warsaw, one of the most devastated cities of WW2.
US Troops committed a number of rapes during the battle of Okinawa, and the subsequent occupation of Japan. There were 1,336 reported rapes during the first 10 days of the occupation of Kanagawa prefecture alone.1 American Occupation authorities imposed wide-ranging censorship on the Japanese media, including bans on covering many sensitive social issues and serious crimes such as rape committed by members of the Occupation forces.
From 1942 to 1945, the US military carried out a fire-bombing campaign of Japanese cities, killing between 200,000 and 900,000 civilians. One nighttime fire-bombing of Tokyo took 80,000 lives. During early August 1945, the US dropped atomic bombs on Hiroshima and Nagasaki, killing ~130,000 civilians, and causing radiation damage which included birth defects and a variety of genetic diseases for decades to come. The justification for the civilian bombings has largely been debunked, as the entrance of Russia into the war had already started the surrender negotiations earlier in 1945. The US was aware of this, since it had broken the Japanese code and had been intercepting messages during for most of the year. The US ended up accepting a conditional surrender from Hirohito, against which was one of the stated aims of the civilian bombings. The dropping of the atomic bomb is therefore seen as a demonstration of US military supremacy, and the first major operation of the Cold War with Russia.
In 1918, the US took part in the allied intervention in the Russian civil war, sending 11,000 troops to the in the Arkhangelsk and Vladivostok regions to support the anti-bolshevik, monarchist, and largely anti-semitic White Forces. 
In 1900 in China, the US was part of an Eight-Nation Alliance that brought 20,000 armed troops to China, to defeat the Imperial Chinese Army, in the the Boxer Rebellion, an anti-imperialist uprising. 
In 1899, after a popular revolution in the Philippines to oust the Spanish imperialists, the US invaded and began the Phillipine-American war. The US military committed countless atrocities, leaving 200,000 Filipinos dead. Jacob H Smith killed between 2,500 to 50,000 civilians, His orders included, “kill everyone over the age of ten” and make the island “a howling wilderness.”
Throughout the 1800s, US settlers engaged in a genocide of native Hawaiians. The native population decreased from ~ 400k in 1789, to 40k by 1900, due to colonization and disease. In 1883, the US engineered the overthrow of Hawaii’s native monarch, Queen Lili’uokalani, by landing two companies of US marines in Honolulu. Due to the Queen’s desire “to avoid any collision of armed forces, and perhaps the loss of life” for her subjects and after some deliberation, at the urging of advisers and friends, the Queen ordered her forces to surrender. Hawaii was initially reconstituted as an independent republic, but the ultimate goal of the US was the annexation of the islands to the United States, which was finally accomplished in 1898. After this, the Hawaiian language was banned, English replaced it as the official language in all institutions and schools. The US finally apologized in 1993, but no land has been returned.
75 notes · View notes
the-garbanzo-annex-jr · 6 months
Text
By Dan De Luce and Lisa Cavazuti
The unemployment rate in Gaza is 47% and more than 80% of its population lives in poverty, according to the United Nations. Hamas, however, has funded an armed force of thousands equipped with rockets and drones and built a vast web of tunnels under Gaza. Estimates of its annual military budget range from $100 million to $350 million, according to Israeli and Palestinian sources. 
As the U.S. House and Senate will be asking in separate hearings Wednesday and Thursday, where does all that cash come from?
Since coming to power in the Gaza Strip 17 years ago, Hamas has filled its coffers with hundreds of millions in international aid, overt and covert injections of cash from Iran and other ideological partners, as well as cryptocurrency, taxes, extortion and smuggling, according to current and former U.S. officials and regional experts.
Much of the money is public and legal, including large sums of financial aid from Qatar via the United Nations, an arrangement encouraged and approved by Israel. The Qatari aid covers the salaries of civil servants, buys fuel for the power grid and provides cash to needy families.
Some of it is less than legal, according to experts. In addition to levying taxes on Gaza’s businesses and residents, Hamas imposes unofficial fees on smuggled goods and other activity, for a combined income of up to $450 million per year. Hamas also has real estate and other investments around the globe, despite international restrictions, and uses cryptocurrency to mask some of its transactions.
Some of it may be fully illegal. A small portion of its budget seems to come from smuggling in South America, including drug smuggling.
Experts, enemies and Western governments have questioned whether Hamas mingles the money for its military operations with money meant for civilian use. Hamas could not be reached for comment. But Hamas representatives have said previously that the group strictly separates funding for the administration of Gaza from funding for its military wing, also known as the Izz ad-Din al-Qassam Brigades.
In the wake of the Oct. 7 Hamas attack on Israel that killed 1,400 people, some former Treasury Department officials and experts argue that the United States and its European allies need to crack down on the group’s global financial network.
53 notes · View notes
foreverlogical · 2 months
Text
We have been seeing numerous stories in the media about how people support Donald Trump because he did such a great job with the economy. Obviously, people can believe whatever they want about the world, but it is worth reminding people what the world actually looked like when Trump left office (kicking and screaming) and Biden stepped into the White House.
Trump’s Legacy: Mass Unemployment
The economy had largely shut down in the spring of 2020 because of the pandemic. It was still very far from fully reopening at the point of the transition.
In January of 2021, the unemployment rate was 6.4 percent, up from 3.5 percent before the pandemic hit at the start of the year. A more striking figure than the unemployment rate was the employment rate, the percentage of the population that was working. This had fallen from 61.1 percent to 57.4 percent, a level that was lower than the low point of the Great Recession.
The number of people employed in January of 2021 was nearly 8 million people below what it had been before the pandemic. We see the same story if we look at the measure of jobs in the Bureau of Labor Statistics establishment survey. The number of jobs was down by more than 9.4 million from the pre-pandemic level.
We were also not on a clear path toward regaining these jobs rapidly. The economy actually lost 268,000 jobs in December of 2020. The average rate of job creation in the last three months of the Trump administration was just 163,000.
What the World Looked Like When Donald Trump Left Office
In the fourth quarter of 2020 the economy was still being shaped in a very big way by the pandemic. Most of the closures mandated at the start of the pandemic had been lifted, but most people were not conducting their lives as if the pandemic had gone away. We can see this very clearly in the consumption data.
Tumblr media
Source: Bureau of Economic Analysis and author’s calculations.
The figure above shows the falloff in consumption between the fourth quarter of 2019 and the fourth quarter of 2020 in some of the areas hardest hit by the pandemic. While overall consumption was down just 0.8 percent, there has been an enormous shift from services to goods.
Inflation-adjusted spending at restaurants was down by 21.5 percent, and much of this spending went for picking up food rather than sit-down meals. Spending at bars was down 47.7 percent. Spending at hotels and motels was down by 43.8 percent as people had hugely cut back travel. Air travel was down 52.4 percent.
Spending on football games, baseball games, and sports events was down by 68.3 percent. Spending on live concerts and other entertainment was down a bit less, at 67.4 percent. And movie going was down 92.7 percent.
The Story of Cheap Gas
Donald Trump and his supporters have often boasted about the cheap gas we had when he was in office. This is true. Gas prices did fall below $2.00 a gallon in the spring of 2020 when the economy was largely shut down, although they had risen above $2.30 a gallon by the time Trump left office. The cause of low prices was hardly a secret, demand in the U.S. and around the world had collapsed. In the fourth quarter of 2020 gas consumption was still 12.5 percent below where it had been before the pandemic.
In fact, gas prices likely would have been even lower in this period if not for Trump’s actions, which he boasted about at the time. Trump claimed to have worked a deal with Russia and OPEC to slash production and keep gas prices from falling further. The sharp cutbacks in production were a major factor in the high prices when the economy began to normalize after President Biden came into office since oil production cannot be instantly restarted.
The End of the Trump Economy Was a Sad Story
Donald Trump handed President Biden an incredibly damaged economy at the start of 2021. People can rightfully say that the problems were due to the pandemic, not Trump’s mismanagement, but the impact of the pandemic did not end on January 21. The problems associated with the pandemic were the main reason the United States, like every other wealthy country, suffered a major bout of inflation in 2021 and 2022.
It is often said that people don’t care about causes, they just care about results. This is entirely plausible, but the results in the last year of the Trump administration were truly horrible by almost any measure.
It may be the case that people are more willing to forgive Trump for the damage the pandemic did to the economy than Biden, but that is not an explanation based on the reality in people’s lives, or “lived experience” to use the fashionable term.
That would mean that for some reason people recognize and forgive Trump for the difficult circumstances he faced as a result of the pandemic, but they don’t with Biden. It would be worth asking why that could be the case.    
27 notes · View notes
Photo
Tumblr media
#CorpMedia #Idiocracy #Oligarchs #MegaBanks vs #Union #Occupy #NoDAPL #BLM #SDF #DACA #MeToo #Humanity #DemExit #FeelTheBern
[UPDATE] ACTUAL U.S. U6 TABLE UNEMPLOYMENT RATE 7 APR 2023 6.7%* [W/LTU 24.6]
http://research.stlouisfed.org/fred2/series/U6RATE
http://www.bls.gov/news.release/empsit.t15.htm
http://www.economicpopulist.org/content/never-ending-little-changed-unemployment-figures-january-2013
http://www.economicpopulist.org/content/april-unemployment-rate-lowest-may-2007-6106
*Does NOT Include Long-Term Unemployment (Total 24.6% - See Below)
http://www.shadowstats.com/alternate_data/unemployment-charts
UNEMPLOYMENT RATES IN PROGRESSIVE/SOCIAL DEMOCRACIES
DENMARK 2.3%
NORWAY*** 3.1%
NETHERLANDS 3.5%
ICELAND*** 5.0%
GERMANY 5.6%
BELGIUM 5.8
EUROPEAN UNION 6.0%
***ICELAND AND NORWAY NOT E.U. MEMBERS
https://ec.europa.eu/eurostat/databrowser/view/tipsun30/default/table?lang=en
https://tradingeconomics.com/country-list/unemployment-rate?continent=europe
NEW ZEALAND 3.4%
AUSTRALIA 3.5%
https://tradingeconomics.com/country-list/unemployment-rate?continent=australia
https://www.stats.govt.nz/
https://www.abs.gov.au/
HOW IT'S DONE - WHAT THESE COUNTRIES HAVE IN COMMON
Higher Minimum-Wage/Prevailing Wage Than U S
https://stats.oecd.org/Index.aspx?DataSetCode=RMW
https://en.wikipedia.org/wiki/List_of_minimum_wages_by_country
http://www.nationmaster.com/country-info/stats/Labor/Salaries-and-benefits/Minimum-wage
https://glabor.org/wp/platform/data/
https://wageindicator.org/salary/minimum-wage
Green Economic And Social Policies (Environmental Performance Index)
https://epi.envirocenter.yale.edu/
https://epi.yale.edu/epi-results/2022/component/epi
https://epi.envirocenter.yale.edu/results-overview
Socialized Higher Education (Free Post-Secondary Education)
https://en.wikipedia.org/wiki/Free_education#List_of_countries_with_free_post-secondary_education
High Trade/Labor Union Participation
https://stats.oecd.org/Index.aspx?DataSetCode=CBC
https://stats.oecd.org/Index.aspx?DataSetCode=TUD
http://www.nationmaster.com/country-info/stats/Labor/Trade-union-membership
High Government Transparency Ratings (Less Corruption)
https://www.transparency.org/en/cpi/2022
Equitable Distribution Of Income
http://en.wikipedia.org/wiki/List_of_countries_by_income_equality
Universal Healthcare
http://en.wikipedia.org/wiki/Universal_health_coverage_by_country
http://www.quora.com/What-countries-offer-universal-health-care-and-free-college-education
Longevity
http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy
Universal Literacy
http://en.wikipedia.org/wiki/List_of_countries_by_literacy_rate
https://www.cia.gov/the-world-factbook/references/guide-to-country-comparisons/
Lower Crime Rate
https://www.numbeo.com/crime/rankings_by_country.jsp
Lower Homicide Rate
https://en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate
Farthest Right U S State VS Furthest Left U S State
https://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_#!ctype=l&strail=false&bcs=d&nselm=h&met_y=unemployment_rate&fdim_y=seasonality:S&scale_y=lin&ind_y=false&rdim=country&idim=country:US&idim=state:ST4800000000000:ST5000000000000&ifdim=country&hl=en_US&dl=en_US&ind=false
https://www.google.com/publicdata/explore?ds=c8op9mhgodplq_&ctype=l&met_y=median_income_current#!ctype=l&strail=false&bcs=d&nselm=h&met_y=median_income_current&scale_y=lin&ind_y=false&rdim=country&idim=country:US&idim=region:northeast:south:midwest:west&ifdim=country&hl=en_US&dl=en_US&ind=false
https://www.google.com/publicdata/explore?ds=b1tlmra7lb7a9_#!ctype=l&strail=false&bcs=d&nselm=h&met_y=crime_rate&fdim_y=crime_type:violent&scale_y=lin&ind_y=false&rdim=country&idim=state:TX:VT&ifdim=country&hl=en_US&dl=en_US&ind=false
https://en.wikipedia.org/wiki/List_of_U.S._states_by_homicide_rate
SEE A PATTERN? FORWARD AND TO THE LEFT, PLEASE...
*JUST SO WE’RE CLEAR, I SPENT AN AFTERNOON WATCHING FAUX NEWS (SHUDDER) AND RECORDING ALL OF THE THINGS THAT REPUBLICANS SAY KILL JOBS, AND THEN DID THE RESEARCH TO SEE IF ANY OF THEIR CLAIMS HOLD UP IN THE REAL WORLD.
WHAT I FOUND WAS THAT THE OPPOSITE IS TRUE. IN FACT, THOSE COUNTRIES WHICH TOOK THESE POLICIES TO THE FURTHEST EXTREMES ALL SEEMED TO OUTPERFORM THE US WHEN IT COMES TO EMPLOYMENT.
SO I CREATED A SURVEY OF ONLY THOSE COUNTRIES, EXCLUDING ANY THAT DID NOT FIT ALL OF THE CRITERIA. FOR EXAMPLE, I EXCLUDED BELGIUM, BECAUSE, EVEN THOUGH THEY FIT MOST CRITERIA, THEIR ENVIRONMENTAL RECORD IS ACTUALLY WORSE THAN OURS, HOWEVER, IN CASE YOU WERE CURIOUS, THEIR UNEMPLOYMENT RATE WAS STILL LOWER.
I ALSO FOUND THAT THEY BEAT US WHEN IT CAME TO EVERY OTHER SOCIAL MEASURE I COULD THINK OF...?
Actually, North American unemployment stats are pretty misleading and don't report the real jobless rate and the poverty it creates.
http://www.shadowstats.com/alternate_data/unemployment-charts
For example, European countries measure their real unemployment far more honestly and comprehensively than the US [which is what I'm referring to. Bill Clinton had the long-term unemployed removed from the Dept Of Labor's stats in 1994]
For example, in France now the official jobless rate is 7.2%—that’s quite a bit higher than the US, which has an official rate of 3.4%.
However, France, like Italy and Germany, which all have a 35-hour regular work week, consider anyone working less than 11 hours a week to be unemployed, and adult full-time post-secondary students training in a recognized profession are considered part of the work force and therefore unemployed as well—in addition to employable welfare recipients.
http://tinyurl.com/2exnpzx http://www.eurofound.europa.eu/.../feature/fr0103138f.html https://www.eurofound.europa.eu/publications/article/2001/unemployment-rate-falls http://tinyurl.com/34yk4e4
The US does not include students and has no minimum hours provisions in its calculations. By these standards, if you worked, even an hour in a week during the federal survey, you’re considered employed. If you didn’t work and hadn’t looked for a job in four weeks, you’re not considered part of the work force. Non-disabled adult welfare recipients and the huge chronic poor populations, especially in urban areas, aren’t considered either. Canada is similar.
So if you apply US-style measures to France, the rate turns out to be 3.4%. Now, if you apply French measures to the US, the rate jumps to a whopping 24.6%—that’s largely because of the huge under-employed low-paid part-time work force in the US, and the huge number of employable welfare recipients and chronic poor.
93 notes · View notes
robertreich · 7 months
Video
youtube
Socialism Fear-mongering is Bananas 
Don't get scared. I'm going to talk about something that’s caused a lot of fear mongering.
You see, advanced countries, like the United States, pool resources for the common good. How? Well, governments enact taxes and then spend that money on things that benefit everyone. Think of national defense, schools, highways, healthcare, unemployment insurance — basically government spending that protects the well-being of the people.
But since some folk, like your conservative Uncle Bob, think ANY pooling of resources for the common good is…socialism.
And since socialism is apparently so terrifying…
I'm going to use a different word to describe this taxing of individuals for the common good.  Let’s use.. I don't know.. How about…Banana! That's not scary, right? 
Great. So, there are essentially three purposes for which governments banana.
First, social insurance against the possibilities of misfortune and neediness, such as unemployment, poor health, disability, and so on.
Second, public goods that we all benefit from, such as parks, highways, public health, and national defense.
Third, public investment in our future, such as basic research, education, and efforts to address pollution and the climate crisis.
Whether we’re talking about Sweden, Spain, or Slovenia or the United States — all countries in capitalist economies banana to benefit the common good.
And bananing is how societies grow their economies, become more prosperous, and ensure a better life for their people.
It’s also how countries aid people in hard times — or when emergencies arise, like a global pandemic.
To simply call any government banana’ing “socialism...”  Oops, sorry I used the word.…Well it distorts our ability to think through how we banana and what we banana on.
And, it ignores the fact that the United States bananas LESS than most developed nations.
We’re among the worst when it comes to bananaing to reduce poverty, especially child poverty.
And pandemic aside, we banana less on unemployment insurance than nearly every other country.
Of course these countries generally have higher taxes than the United States to support all their bananing.
But they get more in return — better jobless benefits, better health care outcomes, debt-free education, more support for child care and elder care, and more generous retirement benefits.
And we could banana a lot more without having to raise taxes on middle or low-income Americans if the rich paid their fair share. Unfortunately, the tax code in the U.S. has been rigged so that the rich and powerful often skirt what they owe and get away with lower tax rates than regular people.
And the rich have done such a good job convincing people that any increase in banana’ing would be… you know, that S word ... that we just accept things as they are.
The only banana’ing they don’t seem to mind is on the military, where we banana more than the countries with the next 10 biggest militaries combined. That’s bananas!
All of this is a major reason why America has such staggering levels of inequality and poverty.
Whether bananing is “socialism” or not is a useless argument. Every country bananas. Capitalism requires banana’ing to ensure a degree of fairness and stability.  
So the next time your Uncle Bob decries any pooling of private resources for the common good — or bananaing — as “socialism”... share this video with him.  
And give him a banana.
285 notes · View notes
brostateexam · 1 year
Text
In other words, New York City — which in the first pandemic summer had been declared “dead forever” — was back! As long as you had not personally been ejected from your home, you might have even found it inspiring.
There was only one problem: None of it made any sense.
In late 2021 and early 2022, when demand for apartments was supposedly accelerating from trickle to geyser, New York was still besieged with COVID-related troubles. Return-to-office plans had been quashed by the Delta variant, then Omicron. Tourism was way down, and unemployment was twice the national rate. Crime was reportedly surging — people were getting shoved onto subway tracks — and outdoor dining had emboldened rats to live freely and openly among humans. Had all of the people who had presumably moved to escape these very concerns really come flooding back?
With every rise in the city’s median gross rents, my skepticism grew. I had lived happily in New York for more than two decades, through many disasters and rebounds, and I wanted to believe the story of its glorious post-COVID recovery. But why did it seem like all of the people telling it were also trying to lease me overpriced apartments?
I began to pick up faint dispatches from a distant, numbers-based reality, where a more plausible counternarrative was taking shape. “Manhattan Lost 6.9% of Its Population in 2021, the Most of Any Major U.S. County,” said a March 2022 headline. “NYC’s Population Plummeted During Peak COVID —  And It’s Still Likely Shrinking,” said another from a couple months later. According to these stories, New Yorkers hadn’t come flooding back at all. In fact, they were probably still leaking out.
If that was the case, then the city’s rental frenzy defied not just laws of supply and demand but also conservation of mass. All of the people who fled the city over the past three years should have left behind a surplus of empty, habitable apartments. What happened to them? And why is it so difficult and expensive to lease one now?
79 notes · View notes
Text
Tumblr media
Pat Bagley, Salt Lake Tribune
* * * *
LETTERS FROM AN AMERICAN
January 19, 2024
HEATHER COX RICHARDSON
JAN 19, 2024
President Joe Biden today signed the continuing resolution that will keep the government operating into March.
Meanwhile, the stock market roared as two of the three major indexes hit new record highs. The S&P 500, which measures the value of 500 of the largest companies in the country, and the Dow Jones Industrial Average, which does the same for 30 companies considered to be industry leaders, both rose to all-time highs. The third major index, the Nasdaq Composite, which is weighted toward technology stocks, did not hit a record high, although its 1.7% jump was higher than that of the S&P 500 (1.2%) or the Dow (1.1%).
Investors appear to be buoyed by the fact the rate of inflation has come down in the U.S. and by news that consumers are feeling better about the economy. A report out today by Goldman Sachs Economics Research noted that consumer spending is strong and predicted that “job gains, positive real wage growth, will lead to around 3% real disposable income growth” and that “household balance sheets have strengthened.” It also noted that “[t]he US has led the way on disinflation,” and it predicted further drops in 2024. That will likely mean the sort of interest rate cuts the stock market likes. 
The economic policies of the Biden-Harris administration have also benefited workers. The unemployment rate has been under 4% for more than two years, and wages have risen higher than inflation in that same period. Production is up as well, to 4.9% in the third quarter of 2023 (the U.S. growth rate under Trump even before the pandemic was 2.5%). 
The administration has worked to end some of the most obvious financial inequities in the U.S., such as the unexpected “junk fees” tacked on to airline or concert tickets, or to car or apartment rentals. On Wednesday the Consumer Financial Protection Bureau announced a proposed rule for bank overdraft fees at banks that have more than $10 billion in assets. 
While banks now can charge what they wish if a customer’s balance falls below zero, the proposed rule would allow them to charge no more than what it cost them to break even on providing overdraft services or, alternatively, an industry-wide fee that reflects the amount it costs to deal with overdrafts: $3, $6, $7, or $14. The amount will be established after a public hearing period.
Ken Sweet and Cora Lewis of the Associated Press note that while the average overdraft is $26.61, some banks charge as much as $39 per overdraft. The CFPB estimates that in the past 20 years, banks have collected more than $280 billion in overdraft fees. (One bank’s chief executive officer named his boat “Overdraft.”) Over the past two years, pressure has made banks cut back on their fees and they now take in about $8 billion a year from those overdraft fees. 
Bankers say regulation is unnecessary and will force them to end the overdraft service, pushing people out of the banking system. Biden said that the rule would save U.S. families $3.5 billion annually. 
The administration has also addressed the student loan crisis by reexamining the loan histories of student borrowers. An NPR investigation led by Cory Turner revealed that banks mismanaged loans, denying borrowers the terms under which they had signed on to them. Rather than honoring the government’s promise that so long as a borrower paid what the government thought was reasonable on a loan for 20 or 25 years (undergrad or graduate), the debt would be forgiven, banks urged borrowers to put the loan into “forbearance,” under which payments paused but the debt continued to accrue interest, making the amount balloon. 
The Education Department has been reexamining all those old loans to find this sort of mismanagement as well as other problems, like borrowers not getting credit for payments to count toward their 20 years of payments, or borrowers who chose public service not receiving the debt relief they were promised.
Today the administration announced $4.9 billion of student debt cancellation for almost 74,000 borrowers. That brings the total of borrowers whose debt has been canceled to 3.7 million Americans, with an erasure of $136.6 billion. Nearly 30,000 of today’s relieved borrowers had been in repayment for at least 20 years but never got the relief they should have; nearly 44,000 had earned debt forgiveness after 10 years of public service as teachers, nurses, and firefighters.
Biden has been traveling the country recently, touting how the economic policies of the Biden-Harris administration have benefited ordinary Americans. In Emmaus, Pennsylvania, last Friday he visited a bicycle shop, a running shoe store, and a coffee shop to emphasize how small businesses are booming under his administration: in the three years since he took office, there have been 16 million applications to start new businesses, the highest number on record.
Biden was in Raleigh, North Carolina, yesterday to announce another $82 million in support for broadband access, bringing the total of government infrastructure funding in North Carolina during the Biden administration to $3 billion.  
On social media, the administration compared its investments in the American people to those of President Franklin Delano Roosevelt’s New Deal in the 1930s, which were enormously popular. 
They were popular, that is, until those opposed to business regulation convinced white voters that the government’s protection of civil rights, which came along with its protection of ordinary Americans through regulation of business, provision of a basic social safety net, and promotion of infrastructure, meant redistribution of white tax dollars to undeserving Black people.
The same effort to make sure that ordinary Americans don’t work together to restore basic fairness in the economy and rights in society is visible now in the attempt to attribute a recent Boeing airplane malfunction, in which a door panel blew off mid-flight, to diversity, equity, and inclusion (DEI) efforts. Tesnim Zekeria at Popular Information yesterday chronicled how that accusation spread across the right-wing ecosystem and onto the Fox News Channel, where Fox Business host Sean Duffy warned: “This is a dangerous business when you’re focused on DEI and maybe less focused on engineering and safety.” 
As Zekeria explains, “this narrative has no basis in fact.” Neither Boeing nor its supplier, Spirit AeroSystems, is particularly diverse, either at the workforce level, where minorities make up 35% of Boeing employees and 26% of those at Spirit AeroSystems, or on the corporate ladder, where the overwhelming majority of executives are white men. Zekeria notes that right-wing media figures have also erroneously blamed last year’s train derailment in Ohio and the collapse of the Silicon Valley Bank on DEI initiatives.
The real culprit at Boeing, Zekeria suggests, was the weakened regulations on Boeing and Spirit thanks to more than $65 million in lobbying efforts.
Perhaps an even more transparent attempt to keep ordinary Americans from working together is the attacks former Fox News Channel personality Tucker Carlson has launched against Vice President Kamala Harris, calling her “a member of the new master race” who “must be shown maximum respect at all times, no matter what she says or does.” Philip Bump of the Washington Post noted yesterday that this construction suggests that Harris, who identifies as both Black and Indian, represents all nonwhite Americans as a united force opposed to white Americans. 
But Harris’s actions actually represent something else altogether. She has crossed the country since June 2022, when the Supreme Court overturned the 1973 Roe v. Wade decision that recognized the constitutional right to abortion, talking about the right of all Americans to bodily autonomy. That the Supreme Court felt able to take away a constitutional right has worried many Americans about what they might do next, and people all over the country have been coming together in opposition to the small minority that appears to have taken over the levers of our democracy. 
Driving the wedge of racism into that majority coalition seems to be a desperate attempt to stop ordinary Americans from taking back control of the country.  
LETTERS FROM AN AMERICAN
HEATHER COX RICHARDSON
10 notes · View notes
meandmybigmouth · 2 months
Text
U.S. economic performance by presidential party
Since World War II, the United States economy has performed better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits. The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents.[1][2] Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents.[3]
Of these, the most statistically significant differences are in real GDP growth, unemployment rate change, stock market annual return, and job creation rate
11 notes · View notes
kineticpenguin · 4 months
Text
South Korea’s hostile relationship with North Korea, combined with national pride, sensationalism and the understandable fear of its nuclear-armed, totalitarian neighbor, have created a massive appetite for what Jay Song, a professor of Korean studies at Melbourne University, describes as “misery porn.” In her academic work, Song writes of a “savage-victim-savior” model in which a savage like Kim Jong Un commits atrocities against an innocent, helpless victim like Park who eventually escapes their bad situation thanks to an outside liberator (often white, usually Christian). To me, Song put it more bluntly: “They want to pity some helpless and innocent-looking refugees abused by a fat, ugly dictator.” Misery porn, like any form of sensationalism, opens donor wallets and generates clicks. These stories don’t just sell inside South Korea; there’s a huge market for them in the U.S. as well. Park’s 2015 book was one of five defector memoirs released that year. Defectors like Shin Dong-hyuk, who escaped from a North Korean prison camp, and Joseph Kim, who survived protracted starvation and homelessness before eventually crossing into China, have given TED talks and scored lucrative book deals. Human rights researchers and journalists alike, meanwhile, are always hungry for stories from inside the Hermit Kingdom. Defectors, Song says, at times receive payment from academics, activists and even some journalists for interviews: between $30 and $300 per hour, “depending on the quality of their information.” The more closely the defector’s story fits the misery porn template, the more valuable the story. Even small sums of money can make a big difference to defectors in South Korea; studies show they experience widespread discrimination, suffer higher rates of unemployment and are often stuck working menial jobs for low wages. Worse still, these defectors often arrive in debt to the smugglers who made their escape possible, and their inexperience with South Korean capitalism leaves them vulnerable to scams. Stories like Park’s that perfectly fit the genre — attractive victim, monstrous crimes and appropriate gratitude — can result in million-dollar contracts and international fame. Many of these North Korean horror stories, however, fall apart under more careful scrutiny — not because the nation is a secret workers’ paradise, but because the people who propagate the stories have a political and financial interest in them, and don’t do the incredibly difficult work of checking all the facts. “The trouble with North Korean defector testimony is that there’s no way to check whether or not it’s true,” Song says. “It’s often found unverifiable and not reliable. Even the U.N. stopped using defector accounts as evidence.”
11 notes · View notes
Text
Who is the worst founding father? Round 5: Henry Laurens vs James Monroe
Tumblr media
Henry Laurens (March 6, 1724 [O.S. February 24, 1723] – December 8, 1792) was an American Founding Father, merchant, slave trader, and rice planter from South Carolina who became a political leader during the Revolutionary War. A delegate to the Second Continental Congress, Laurens succeeded John Hancock as its president. He was a signatory to the Articles of Confederation and, as president, presided over its passage.
Laurens had earned great wealth as a partner in the largest slave-trading house in North America, Austin and Laurens. In the 1750s alone, this Charleston firm oversaw the sale of more than 8,000 enslaved Africans.
Laurens’ oldest son, Colonel John Laurens, was killed in 1782 in the Battle of the Combahee River, as one of the last casualties of the Revolutionary War. He had supported enlisting and freeing slaves for the war effort and suggested to his father that he begin with the 40 he stood to inherit. He had urged his father to free the family’s slaves, but although conflicted, Henry Laurens never manumitted his 260 slaves.
---
James Monroe (April 28, 1758 – July 4, 1831) was an American statesman, lawyer, and diplomat who served as the fifth president of the United States from 1817 to 1825. He is perhaps best known for issuing the Monroe Doctrine, a policy of opposing European colonialism in the Americas while effectively asserting U.S. dominance, empire, and hegemony in the hemisphere. He also served as governor of Virginia, a member of the United States Senate, U.S. ambassador to France and Britain, the seventh Secretary of State, and the eighth Secretary of War.
As president, Monroe signed the Missouri Compromise, which admitted Missouri as a slave state and banned slavery from territories north of the 36°30′ parallel. 
Monroe sold his small Virginia plantation in 1783 to enter law and politics. He owned multiple properties over the course of his lifetime, but his plantations were never profitable. Although he owned much more land and many more slaves, and speculated in property, he was rarely on site to oversee the operations. Overseers treated the slaves harshly to force production, but the plantations barely broke even. Monroe incurred debts by his lavish and expensive lifestyle and often sold property (including slaves) to pay them off. 
Two years into his presidency, Monroe faced an economic crisis known as the Panic of 1819, the first major depression to hit the country since the ratification of the Constitution. The severity of the economic downturn in the U.S. was compounded by excessive speculation in public lands, fueled by the unrestrained issue of paper money from banks and business concerns.
Before the onset of the Panic of 1819, business leaders had called on Congress to increase tariff rates to address the negative balance of trade and help struggling industries. Monroe declined to call a special session of Congress to address the economy. When Congress finally reconvened in December 1819, Monroe requested an increase in the tariff but declined to recommend specific rates. Congress would not raise tariff rates until the passage of the Tariff of 1824. The panic resulted in high unemployment and an increase in bankruptcies and foreclosures, and provoked popular resentment against banking and business enterprises.
The collapse of the Federalists left Monroe with no organized opposition at the end of his first term, and he ran for reelection unopposed. A single elector from New Hampshire, William Plumer, cast a vote for John Quincy Adams, preventing a unanimous vote in the Electoral College. He did so because he thought Monroe was incompetent. 
42 notes · View notes