Usher’s News & Analysis, Mar. 17, 2020

You can’t have quarantined capitalism. It has to be connected, so this is where the state has to take over in the same way it did in the second world war.

Renegade Inc | Capitalism Closed for Business

Our version of capitalism is something the narcissistic writer Ayn Rand would adore but in a headlong rush to hyper-individualism, have we chosen freedom of the individual over the survival of our species…

Host Ross Ashcroft is joined by economist and author professor Steve Keen to discuss why Coronavirus has closed capitalism.

I’m against a corona bond. We don’t need to issue bonds to issue money! In fact, corona bonds would be counterproductive and anti-democratic.

We’re really being slammed up here.

SEATTLE, WA — State health officials confirmed 135 additional cases of the new coronavirus in Washington Monday afternoon, pushing the total number of lab-confirmed illnesses above 900 as the disease’s death toll grew to 48.

904 Coronavirus Cases In Washington, 6 More Dead In King County

Considering that China quarantined whole major cities and is now seeing a constant reduction in the number of new infections, I think it’s been a huge error in the US not to have quarantined King County, Washington immediately once the first case in the US was detected here.

It’s not too late to still quarantine King County.

Big drop in China coronavirus infections

German vaccine company CureVac says no offers from Trump to buy exclusive vaccine access

Prof Jon Cohen, emeritus professor of infectious diseases at Brighton and Sussex Medical School, said: “The answer is that we simply don’t know [about reinfection] yet because we don’t have an antibody test for the infection, although we will have soon.

“However, it is very likely, based on other viral infections, that yes, once a person has had the infection they will generally be immune and won’t get it again. There will always be the odd exception, ….”

The big question over coronavirus – can a person get it twice?

Do it!

… Larry Kudlow told Monday said the administration ‘might’ get behind new proposals to give cash to American households.

BREAKING NEWS: White House is considering cash payments to U.S. workers, as Mitt Romney gets behind plan to give $1,000 to every American EACH MONTH during the coronavirus crisis

There are roughly 7 million business[es] within the small and mid-sized sector in the country with employees (meaning not sole proprietorships). If the SBA and its lending partners provided $1 million loans on average up to $50 billion, that would help 50,000 companies.

Why millions of small businesses may struggle to tap the billions in emergency SBA loans

I want to be on record very early in saying that we must not repeat the tiny stimulus package passed in the face of the Great Recession. We definitely need to err on the side of overspending (a stimulus package that will keep us from slumping into a deep or long recession for sure). The package to counter the Great Recession was way too small and was never repeated. Had it been followed shortly by another of equal or greater size, it would have made a big difference on the upside.

As for “shovel ready,” we don’t need to worry about that. Just issue the money directly to households, especially those that need it most.

Ah, after writing the above, I see that US Rep. John Yarmuth is saying the same thing. I’m going to watch it in a moment.

Trump, Congress negotiating next economic stimulus as coronavirus recession fears grow

Dem Congressman: Coronavirus stimulus should be bigger than 2008

Rep. John Yarmuth weighs in on legislation offered by Congress that failed to cover all American workers affected by coronavirus.

Coronavirus Capitalism — and How to Beat It

In the United States, we have also seen organizing at the city and state levels win important victories to suspend evictions during the pandemic. Ireland has announced six weeks of emergency unemployment payments for all workers who suddenly find themselves out of work, including self-employed workers. And despite U.S. presidential candidate Joe Biden’s claims during the recent debate that the pandemic has nothing to do with Medicare for All, many Americans are suddenly realizing that the absence of a functioning safety net exacerbates vulnerabilities to the virus on many fronts.

This crisis — like earlier ones — could well be the catalyst to shower aid on the wealthiest interests in society, including those most responsible for our current vulnerabilities, while offering next to nothing to the most workers, wiping out small family savings and shuttering small businesses. But as this video shows, many are already pushing back — and that story hasn’t been written yet.

As I wrote before this announcement by Amazon, if you are young, healthy, and strong, do it! Don’t sit around at home. You’ll be helping older, sick, weak people get the groceries and other items they need to survive and to stay out of crowds.

Amazon is hiring an additional 100,000 employees in the U.S. to meet the surge in demand from online shopping amid the coronavirus outbreak, the company said Monday.

The company is looking to add extra full-time and part-time positions for warehouse and delivery workers. Through the end of April, it will raise pay for these employees by $2 per hour in the U.S., £2 per hour in the UK, and approximately €2 per hour in many EU countries. Amazon currently pays $15 per hour or more in some areas of the U.S. for warehouse and delivery jobs.

Amazon encouraged employees in other industries whose jobs were “lost or furloughed” as a result of the coronavirus to apply, including members of the hospitality, restaurant and travel industries. “We want those people to know we welcome them on our teams until things return to normal and their past employer is able to bring them back,” the company added.

Amazon to hire 100,000 more workers and give raises to current staff to deal with coronavirus demands


Windows 10 KB4551762 Security Update Fails to Install, Causes Issues

The coordinated move, among firms who’ve recently bought back a collective tens of billions of dollars in stock annually, underscores Wall Street’s vital role in helping to pull the American economy though what economists increasingly forecast will be a deep recession.

Sunday’s move is a sharp contrast to the reckless financial plans banks pursued during the 2008 crisis-era, when many firms prioritized shareholder returns over supporting the health of the economy, or even their own balance sheets. Firms like Citigroup, Lehman Brothers, Bear Stearns and Merrill Lynch irresponsibly bought back stock and paid out hefty dividends well after signs of a meltdown and their own capital insufficiency were evident. The behavior backfired.

America’s Biggest Banks Suspend Buybacks In Effort To Support Economy Over Their Own Stock Prices

They’re gonna make a profit, and they know it.

I mentioned doing this (Sanders joining the Green Party) yesterday.

So, Bernie is never going to be the President because the Democratic Party establishment, which is in the hip pocket of the major corporations, is never going to allow him to be President. He’ll really be getting quite long in the tooth in another four years. However, he has an organization.

After this Presidential election cycle is over, he could announce he has joined the Greens. He could call upon all of his Berniecrats to join as well. He could call upon the Justice Democrats to all join and on and on. Then, the Greens could work on grassroots organizing so that it could raise up Green Party members to run in local elections all across the country against both Democrats and Republicans until the Greens would be ready to really push for governorships and for the US House and Senate and then the Presidency.

Who knows, maybe a number of the braver, saner Democrats in office would also make the switch.

Green Party Presidential Candidate: The Green Party Would Be Bernie Sanders’ Best Ally!

We speak to Green Party 2020 Presidential candidate Howie Hawkins. He discusses why the Green Party is running if it means splitting the vote against Donald Trump, allegations of collusion with Russian, the issues the Green Party are bringing to the forefront of politics, Bernie Sanders’ candidacy and what obstacles he could face and more!

Krystal Ball debunks Biden’s parade of lies

Some of the lovely “moderate, rebel” head-choppers backed by Turkey and US “liberal” interventionists right now:

Our war with you is to … implement Sharia law in Damascus.

Who’s side are YOU on? I’m on the side against Sharia law no matter where or when!