With the COVID-19 crisis, almost ten million people have filed for unemployment in the course of two weeks. For some, this will last beyond “shelter-in-place,” since many small businesses will struggle to remain afloat after months of being closed, and others will...
The first case of COVID-19 was confirmed in the U.S. on January 20, but statewide stay-at-home orders didn’t even start unrolling until March 19. For two months this highly contagious virus had been circulating throughout the country with practically no response. It...
This article is reprinted from Counterpunch: The New Federal Reserve as Garbage Can for All Capitalist Debt Yesterday, the Federal Reserve crossed its latest liquidity free money Rubicon. It announced it will provide unlimited credit–and assume the bad debts, not just...
