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FOCUS: If We're Bailing Out Corporations, They Should Bail Out the Planet Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=35861"><span class="small">Bill McKibben, The New Yorker</span></a>   
Saturday, 21 March 2020 11:44

McKibben writes: "One of the best chances to make some positive use of the coronavirus pandemic may be passing swiftly. As the economy craters, big corporations are in need of government assistance, and, on Capitol Hill, the sound of half a trillion dollars in relief money is bringing out the lobbyists."

Bill McKibben. (photo: Wolfgang Schmidt)
Bill McKibben. (photo: Wolfgang Schmidt)


If We're Bailing Out Corporations, They Should Bail Out the Planet

By Bill McKibben, The New Yorker

21 March 20

 

ne of the best chances to make some positive use of the coronavirus pandemic may be passing swiftly. As the economy craters, big corporations are in need of government assistance, and, on Capitol Hill, the sound of half a trillion dollars in relief money is bringing out the lobbyists. On Thursday afternoon, Senator Sheldon Whitehouse, Democrat of Rhode Island, described the scene as a “trough” and mentioned a quote from a lobbyist in The Hill: “Everybody’s asking for something and those that aren’t asking for something only aren’t because they don’t know how.” Whitehouse added, “I fear that enviros don’t know how to ask, because, so far in this scrum, we haven’t heard much from them.”

The corporations will get assistance, but the Democrats have enough legislative power to insure that it comes with at least a few strings attached. If they attach those strings with even a modicum of care, they will have used this emergency to help solve the looming climate crisis in ways that were unimaginable just a few days ago. For busy legislators looking for a principle to enforce in handing out relief to corporations, here’s a shorthand: any bailout depends on your industry promising to meet the targets set in the Paris climate accords, and demonstrating in the next few months what that plan looks like.

Consider, say, the airline industry. It obviously is in need of relief, even if the biggest airlines spent ninety-six per cent of their proceeds over the past decade buying back stock, instead of, say, preparing for the future. On behalf of the flight attendants and pilots and mechanics the airlines employ, they should get it. But everyone who has to live on a rapidly heating planet should get something back in return. And since, at current rates of growth, by 2050, air travel threatens to eat up a quarter of the entire carbon the world can still emit and meet the climate targets set in Paris, that something should be a wholesale change in direction. On Friday, some environmental groups proposed that “Congress must cap total lifecycle greenhouse gas emissions from the U.S. airline fleets at 2020 levels, and overall emissions must fall at least 20% per decade thereafter.” (The Trump Administration has so far sidestepped Clean Air Act calls to regulate aircraft emissions.) And the airlines should act not by pledging to plant trees but by burning less jet fuel—by making flight routes more logical, and designing more efficient planes.

Or take the banks: if they want a bailout, they should pledge an end to funding for expansionary fossil-fuel projects. They don’t seem willing to rein themselves in—on Wednesday the Rainforest Action Network released an updated version of its “Banking on Climate Change” report, which shows that the four biggest U.S. banks continue to lead the way in funding global warming, with JPMorgan Chase reportedly having handed over more than a quarter of a trillion dollars to the fossil-fuel industry since the end of the Paris talks.

Or take the fossil-fuel industry itself. It’s been dropping in value for a decade, as renewable energy takes most of the growth in demand, but the coronavirus crisis has hammered the price of oil. Trump promised to fill the Strategic Petroleum Reserve “right up to the top,” but the drillers will doubtless want more. Yet, as Michael Brune, the head of the Sierra Club, told me, on Thursday, “the fossil-fuel industry is already heavily subsidized by the federal government, and they should not get yet another giveaway in any form, whether it’s low-interest loans, royalty relief, new tax subsidies, or filling the reserve.” More assistance should come only if these companies pledge to stop exploring for new oil, since climate scientists have made it clear that we can’t burn what we already have in our reserves.

None of this is ideal. In an ideal world, we’d use this moment to quickly enact a Green New Deal, employing all the suddenly unemployed Americans in building out our renewable-energy system and laying the high-speed rail tracks that would help curtail the need for short-haul aviation. But, for now, here’s a list of “5 Principles for Just COVID-19 Relief and Stimulus” that dozens of environmental groups have signed on to (350.org, which I helped found, is a signatory), which offers a guide for thinking about the “choices being made right now will shape our society for years, if not decades to come.”

These sorts of conditions are not without precedent: after the 2008 financial crisis, President Barack Obama used the government bailouts of General Motors and Chrysler to force them, and by extension the rest of the automobile industry, to accept stringent new fuel-economy standards, which may have been the single biggest blow he struck against climate change during his tenure in office. (Needless to say, the Trump Administration has been hard at work wrecking this achievement.) The principle is clear: taking money from society means that you owe society something. Trump and the Senate Republicans aren’t likely to enforce that principle, but, since the Democrats control the House, they will have a big say in the outcome. The question that climate-minded voters will ask for years to come is: Did you strike a useful bargain when you had the leverage?

Our goal can’t be simply a return to the status-quo ante, because that old normal was driving a climate crisis that will eventually prove every bit as destructive as a pandemic. With just a little courage from Democratic legislators, we could actually be building a world that is safer on every front.

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It's Time to Quarantine the Crazy Coming Out of the White House Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=11104"><span class="small">Charles Pierce, Esquire</span></a>   
Saturday, 21 March 2020 08:18

Pierce writes: "The now-daily gathering of the Coronavirus SuperFriends on Thursday took the express bus to Crazytown, perhaps never to return. This is because they insist on telling El Caudillo del Mar-A-Lago where the briefing is and at what time it will be held."

President Donald Trump takes a question during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 18, 2020. (photo: SCPR)
President Donald Trump takes a question during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 18, 2020. (photo: SCPR)


It's Time to Quarantine the Crazy Coming Out of the White House

By Charles Pierce, Esquire

21 March 20


Why even bother tuning in when all we get are unproven theories about left-wing conspiracies and unproven COVID-19 treatments?

he now-daily gathering of the Coronavirus SuperFriends on Thursday took the express bus to Crazytown, perhaps never to return. This is because they insist on telling El Caudillo del Mar-A-Lago where the briefing is and at what time it will be held. Can’t someone just lie to him about all that? First, out of the clear blue nowhere, the president* began promoting the use of the anti-malarial drug chloroquine as a possible therapeutic for COVID-19. This came as some surprise to the Food and Drug Administration, whose director was also on the dais today. From Bloomberg:

The drug, chloroquine, hasn’t yet been approved for treatment of Covid-19, the disease caused by the new coronavirus. While it’s been available for decades for malaria, it’s not clear whether it will work against the new illness. A March 10 review of existing research found that there’s little solid proof one way or the other. During an at-times-confusing White House press conference, Trump said that chloroquine was approved for use and that he wanted to “remove every barrier” to test more drugs against Covid-19 and “allow many more Americans to access drugs that have shown really good promise.” “Normally the FDA would take a long time to approve something like that, and it’s -- it was approved very, very quickly and it’s now approved by prescription,” Trump said. An FDA spokesperson said the drug had not been approved for use in Covid-19 patients. However, U.S. doctors are legally able to prescribe a drug for any illness or condition they think is medically appropriate.
At Thursday’s press conference, Trump and FDA Commissioner Stephen Hahn appeared to differ substantially about the status of the drugs being tested. Trump said chloroquine had been approved and could be given to patients by doctors with a prescription. “It’s been around for a long time, so we know that if things don’t go as planned it’s not going to kill anybody,” Trump said. Shortly thereafter, Hahn said that use of the drug would be in a controlled trial to find out whether or not it works, and if so, what dose would be safe and effective. “We want to do that in a setting of a clinical trial,” Hahn said.

Good god, get the hook.

But the presser didn’t go zooming off the rails until a “reporter” named Chanel Rion from One America News, the outlet that the president* watches when Fox News gets too Chomsky for him, chimed in from the izonkosphere.

On that note, major left-wing media, including some in this room, have teamed up with Chinese Communist Party narratives and they're claiming you’re a racist for making these claims about Chinese virus. Is it alarming that major media who just oppose you are consistently siding with foreign state propaganda, Islamic radicals, and Latin gangs and cartels, and they work right here in the White House with direct access to you and your team?

(Media Matters has the 411 on Rion, and, well, wow.)

This gave the president* his cue to go off on a rant about how the Fake News is keeping the country from throwing him the parade his performance in office is due. It’s past time for the networks to decide whether or not these exercises in executive wankery are harmful to the general effort against the pandemic. It’s time to quarantine the Crazy.

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We Can Stop Pandemic Profiteering Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=51508"><span class="small">Jeremy Gong, Jacobin</span></a>   
Saturday, 21 March 2020 08:18

Gong writes: "If we are going to avert the worst-case COVID-19 scenario and prevent unimaginable human suffering, we have to fight - and even nationalize - the corporations that are trying to profit off of this crisis at everyone else's expense."

An Uber Eats delivery bike rider wears a face mask as a precaution against transmission of the coronavirus. (photo: Pablo Cuadra/Getty Images)
An Uber Eats delivery bike rider wears a face mask as a precaution against transmission of the coronavirus. (photo: Pablo Cuadra/Getty Images)


We Can Stop Pandemic Profiteering

By Jeremy Gong, Jacobin

21 March 20


If we are going to avert the worst-case COVID-19 scenario and prevent unimaginable human suffering, we have to fight — and even nationalize — the corporations that are trying to profit off of this crisis at everyone else’s expense.

nder normal circumstances, socialists advocate for workers to fight capitalists. During this pandemic, that’s still true — in fact, it’s our only hope. If our society is going to win the war against COVID-19, workers need to continue to fight against the bosses and landlords.

Scientists are warning that not only will this crisis be unimaginably deadly and disruptive, it could last for eighteen months or longer. While our society is adopting “social distancing” measures that will save lives but could put tens of millions out of work, some “nonessential” companies are still insisting on continuing operations so as not to lose profits. And companies in “essential” industries like health care and logistics are set to make huge profits off the crisis. In the name of profit, companies are putting their workers and our whole society at risk by not helping to slow the spread of coronavirus and “flatten the curve.”

The Intercept revealed today that investors are hoping health-care firms will raise prices on critical goods like N95 masks and experimental pharmaceuticals. In California, Tesla, owned by union-buster billionaire Elon Musk, fought a losing battle against an order to shut down “nonessential” businesses, to keep production going at its ten-thousand-worker Fremont factory. Pharmaceutical companies, with the help of Joe Biden, are hoping that an eventual COVID-19 vaccine will be a huge profit-maker, instead of affordable or free to all. At least three Republican senators and Democratic senator Dianne Feinstein of California have all been caught off-loading millions of dollars in stocks, before the public caught on to the seriousness of the pandemic and the markets crashed — and after confidential briefings they received in their positions on Senate committees. Amazon is failing to protect its workers, meaning already poorly paid and overworked warehouse workers and delivery drivers risk contracting and spreading the virus to keep our logistics supply chains flowing — all because megabillionaire Jeff Bezos wants to keep profit margins high.

And, on top of all of this, our balkanized, multipayer, mostly-for-profit health insurance system that leaves tens of millions — likely far more as unemployment skyrockets — without health care will mean continued massive profits for health insurance and massively more death, misery, and poverty for everyone else.

This sort of profiteering off the crisis is not only immoral on its face — it will worsen the crisis and lead to thousands or even millions more deaths. Profits are effectively resources siphoned off into investors’ bank accounts that could be going into slowing the pandemic, growing health-care capacity, and general social welfare like housing and food. The profit motive will drive decisions and broader dynamics as firms produce and provide services in the interest of private gain, not social good. Profit is the reason that “nonessential” businesses are still running against government recommendations, endangering their workers and all of society. And because profits come from raised prices, poorer quality products, lower wages, and worse working conditions, it will make the lives of workers in essential sectors worse and less safe while making it harder for patients, hospitals, and municipalities to procure essential goods.

Just as socialists and workers were opposed to war profiteering during World War II, we should do everything we can today to oppose pandemic profiteering.

No company should be making exorbitant profits from providing health care at any time, but especially right now. The same is true of any other “essential service,” from selling food to delivering packages. Workers who must work must be protected, compensated, and supported as much as possible. And any company that can shut down to slow the virus should do so immediately, no matter the cost to its profits.

To fight fascism during World War II, workers and capitalists in the United States and other countries joined together in an uneasy alliance. The federal government virtually nationalized major industries to redirect production toward the war effort, subsidized infrastructure and welfare projects, and instituted price and wage controls. But employers still abused and exploited workers to maximize profits.

By late 1943, as the late historian Art Preis wrote in Labor’s Giant Step, corporate profits were higher than at any prior point in American history, massively subsidized by US taxpayers as part of the war effort. But even though most unions sided with FDR to enforce the wartime “no-strike” agreements, workers fought back, undertaking thousands of mostly illegal, wildcat strikes to resist low wages and inhumane conditions and pace of work.

To effectively fight the COVID-19 pandemic, pandemic profiteering should be strictly curtailed by government controls — and when necessary, worker action.

Workers should strike or organize in other ways that work for their industries, and we should demand the government nationalize industries and companies as needed. Nationalization, with transparency and democratic oversight, will secure compliance with social distancing and paid time off, eliminate wasteful profiteering from the crisis response, and ensure we have maximum coordination and efficiency to win the war against the virus.

No one who has lost wages or their job should be expected to pay for health care, housing, or food — that is barbaric, and also risks forcing them out into the streets and unsafe jobs, worsening the spread of COVID-19. And, of course, even after this crisis, basic goods like these should be guaranteed social rights to all, regardless of employment, not commodities for private profit.

Luckily, we can already see workers fighting back in workplace after workplace. In New York and Chicago, the threat of teacher strikes shuttered schools. Wildcat strikes by autoworkers helped convince the Big Three auto companies to suspend production. And National Nurses United (NNU) is fighting for full safety and staffing for health-care workers, and for redirecting private industry to produce medical supplies. (They appear to have won the latter demand from Trump on Wednesday.)

In Europe, workers are fighting back too, from postal workers in London to autoworkers in Italy. Strong unions and worker militancy have won massive responses from some governments, including in Denmark and the UK, where laid-off workers will get paid time off covered mostly by the government. The Spanish government has already imposed government command over private hospitals. These governments are overhauling their economies overnight to halt the pandemic in a much more immediate and humane way than the United States’ free-market, profit-obsessed approach will allow.

Ultimately, the most efficient and humane way to solve this crisis and prevent the next one would be to decide that health care, food, and housing are basic human rights, not subject to the whims of the market or to who can make a profit. Further, we should assert public, democratic control over industry, health care, pharmaceutical research, food production and distribution, and logistics. In other words, the closer we get to democratic socialism, the safer and more humane our society will be.

But under capitalism, employers will still try to profit off of this crisis — and it is up to workers to fight pandemic profiteering and save the world.

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Life in Lake Wobegon Under Social Distancing Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=47905"><span class="small">Garrison Keillor, Garrison Keillor's Website</span></a>   
Friday, 20 March 2020 12:42

Keillor writes: "We have been getting some questions about life in Lake Wobegon under social distancing."

Garrison Keillor. (photo: MPR)
Garrison Keillor. (photo: MPR)


Life in Lake Wobegon Under Social Distancing

By Garrison Keillor, Garrison Keillor's Website

20 March 20

 

e have been getting some questions about life in Lake Wobegon under social distancing. Here, Garrison answers a few from Tony & Toni in South Rockwood, MI.

Q. Is the Sidetrack Tap closed?

A: It is not closed. It is a refuge for skeptics and radicals and a place that offers Freedom of Speech, all the more so as the night wears on. It is a sweat lodge for men. Women run the schools and run the church, women uphold the ideals, and the Sidetrack Tap is where men are free to express ridicule and contempt. There are fewer customers in there now, many fewer. And they are all sitting six feet apart.

Q. Are services cancelled at Our Lady of Perpetual Responsibly?

A: Services are not cancelled at Our Lady but church is cancelled at LW Lutheran. No wine at communion, just wafers. Pastor Liz is relieved of the need for a homily that explains this plague. Father Wilmer’s homilies have always been short and inscrutable. It’s a solemn Mass with everyone sitting seven feet apart.

Q. Can you still get a piece of rhubarb pie at the Chatterbox Cafe?

A: Rhubarb season is still months away. You need fresh rhubarb to make good rhubarb pie. No need for mediocre — we’ve got pumpkin pie for that. Dorothy keeps the Chatterbox open as a civic duty, it’s a social center, the town hall. But everyone wary of course. Some people maintain that rhubarb has medicinal power beyond antibiotics but they have their own rhubarb, canned, in big jars in the basement, and they take it straight, no crust.

Q. How do the Norwegian bachelor farmers practice social distancing?

A: The bachelor farmers are fatalists. They’ve been isolating themselves most of their lives. They sit on the bench in front of Ralph’s Pretty Good Grocery and nobody sits down with them except fellow bachelors. Nobody. They keep their own counsel. They show no signs of Christian faith whatsoever — for all we know, they may be Hindu or Zoroastrian — but they’re still ours, our distant relations who keep their distance.

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The GOP Coronavirus Relief Package Is a Dream for Big Corporations, and a Nightmare for Struggling Americans Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=53751"><span class="small">Linette Lopez, Business Insider</span></a>   
Friday, 20 March 2020 12:42

Lopez writes: "At a press conference on Thursday, President Donald Trump reiterated that his administration wants to put workers first in its efforts to mitigate the economic devastation caused by the spread of coronavirus. And while that is ideal, his party is crafting legislation that does just the opposite."

Sen. Mitch McConnell. (photo: Samuel Corum/Getty)
Sen. Mitch McConnell. (photo: Samuel Corum/Getty)


The GOP Coronavirus Relief Package Is a Dream for Big Corporations, and a Nightmare for Struggling Americans

By Linette Lopez, Business Insider

20 March 20

 

t a press conference on Thursday, President Donald Trump reiterated that his administration wants to put workers first in its efforts to mitigate the economic devastation caused by the spread of coronavirus.

And while that is ideal, his party is crafting legislation that does just the opposite.

The administration on Tuesday said they were crafting a rescue package of at least $1 trillion which included plans to send checks to Americans "in about 2 weeks," according to Treasury Secretary Steve Mnuchin.

But Mnuchin's two weeks turned into "before the end of April" in a meeting with Senate Republicans immediately following the press conference. After that it went back to early April, but the payment — at least for poor Americans — became less generous.

According to a bill released Thursday, Republicans are now talking about prioritizing money for "taxpayers" (by which they mean only income tax, not things like sales tax which all Americans pay). Under this plan, Americans who make less than $75,000 would get up to $1,200 while poor families who pay less in taxes would get $600.

It's also been reported that GOP Sen. Lindsey Graham and soon-to-be White House Chief of Staff Rep. Mark Meadows are actively trying to convince Trump to reject these cash payments all together.

This idea is ludicrous, stingy, and harmful to our economy and society in crisis.

In fact there are a bunch of ideas in this bill that would do nothing to help struggling Americans:

  • The bill waives nutrition requirements for meals for senior citizens — the population most likely to get sick and end up needing care.

  • The bill offers a pathetic $10 million for minority businesses, which Business Insider's small business reporter Dominick Reuter roughly calculated, could round out to about $2 a business.

  • And of course, in the Senate Republican bill big corporations get a huge tax cut. In fact, they would pay far less tax on their foreign entities. Making them bring cash home from abroad was one of the selling points of the GOP tax cut that was passed at the end of 2017. Corporate lobbyists have been working against it ever since. Now, in the middle of a crisis, they got it.

All of that is stomach churning, but the worst part is what will happen to low income families. Punishing Americas poorest at a time like this is not only callous, but would slow our economy's recovery. If there's anything we've learned from China's experience with coronavirus, it's that you want to keep the economy as going as normally as possible while people are practicing social distancing. That means ensuring that people can pay as many bills as possible and that, when the social distancing period is over, people have money in their pockets to spend again.

We need to be generous to *everyone right now. It's the only way we're going to get through this with minimal damage. Unemployment claims are about to explode, with data from only 15 states putting them somewhere around 600,000 and the possibility that as many as a million people could file for unemployment insurance over the next week. Wall Street is now coming to terms with the idea that this could be the worst global recession since WWII.

House Democrats are trying to put together a more generous plan, offering Americans $2,000 a month with an additional $1,000 for every child until the crisis is over. This is more like it. But all of this needs to move faster. We don't have time for callous proposals, we have to do right by Americans right now. 

Trump's party should put our money where his mouth is and actually help all American workers through this calamity, not grandstand on ideology to hurt the poor.


*Except companies that spent all their cashflow on stock buybacks during boom times and are now asking for a bailout. The President said on Thursday that they should be treated differently from companies that invested their money. I agree. They shouldn't be allowed to do stock buybacks if they accept taxpayer money, and their executive compensation should be regulated.

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