As the virus crisis worsens in the US, employees at Amazon and Instacart are planning to strike today. Amazon workers at a New York fulfillment center are preparing to strike around lunchtime to call attention to the company’s “lack of safety protocols during the COVID-19 pandemic,” reported NBC New York. The union that represents workers at the Staten Island warehouse claims Amazon is more concerned about profits […]
Plan
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European Union leaders have agreed that the bloc’s coronavirus economic recovery plan should take heed of its aim to fight climate change. Following a six-hour video conference, the 27 EU leaders agreed late on Thursday to coordinate a coronavirus economic recovery plan. The leaders agreed that it should be consistent with the “green transition,” the phrase the EU uses to describe the aim of reducing emissions […]
Photo credit: Evan Vucci-Pool, Getty Images. The White House abruptly cancelled a General Motors joint venture project to build tens of thousands of desperately-needed ventilators after FEMA officials expressed concern that the costs of the effort could exceed $1 billion — or roughly 0.05 percent of the massive coronavirus stimulus bill that passed the Senate the day before. According to the New York Times, the project between […]
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday. Bitcoin (BTC) was down a more than 1 percent over the past 24 hours as of 20:00 UTC, and only NEO (NEO) was a gainer, up by less than 1 percent. Ether (ETH) is down 2 percent. Other cryptocurrencies flashing red on the CoinDesk digital asset board […]
Russians will get a week of paid leave and a boost to benefits for those most in need, while the wealthiest will have to pay more revenue taxes, the Russian president said as he presented his plan to deal with the coronavirus. Speaking in a televised address on Wednesday, President Vladimir Putin announced a number of measures designed to support the Russian people and the national […]
Russian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. They included making sure that everyone pays their fair share of taxes. According to the Russian president, all income payments (as interest and dividends) leaving the country should be taxed adequately. Putin called on increasing tax on offshore funds to 15 percent. “Currently two-thirds of such […]
The Australian Securities Exchange (ASX) has postponed the launch of its long-awaited distributed ledger technology (DLT) trading system due to “uncertainty” prompted by the coronavirus outbreak. The Sydney-based stock exchange paused the launch plans for its new DLT-based system that would provide same-day settlements for trades on Wednesday. Originally scheduled for April 2021, consultation on a new implementation timetable, including a new launch date, will start […]
The trustee of the now-defunct bitcoin exchange Mt. Gox intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash, according to a draft rehabilitation plan. The trustee, attorney Nobuaki Kobayashi, shared with creditors an outline of the draft rehabilitation plan on Tuesday ahead of a meeting Wednesday. The plan marks a significant step toward concluding a case that has kept creditors waiting since 2014, when Mt. […]
A draft bill posted Tuesday to the U.S. Senate Committee on Banking, Housing and Urban Affairs defines a “digital dollar” and details how it might be maintained. The bill echoes language from a pair of draft U.S. House bills aimed at stimulating the economy during the coronavirus outbreak. The bill, introduced by Ranking Member Sen. Sherrod Brown (D-Ohio), is not proposing a crypto dollar but a […]
Former Vice President Joe Biden kicked off what he promised to be frequent addresses to the nation on Monday by outlining his vision for what a successful emergency response looks like, using President Donald Trump as an example of what not to do. “Donald Trump is not to blame for the coronavirus,” Biden said in one of several critical remarks about the president. “But he does […]
Authored by John Vibes via The MindUnleashed.com, In the months since the COViD-19 pandemic began, governments around the world have been utilizing a wide range of technological devices to enforce quarantines. Advanced surveillance and tracking have been made possible by cellphone data, CCTV cameras, and drones. Surveillance drones were used during the lockdown in China to monitor neighborhoods to ensure that residents were staying indoors. Drones were also […]
Somewhere in the White House, a draft executive order entitled “Making Federal Buildings Beautiful Again” is circulating. Given a title replete with the bravado of this administration, the contents of the order would overturn over two centuries of precedent establishing the proper relationship of the federal government to public architecture. In 1962 Daniel Moynihan, at the time an official in the Labor Department, wrote a report […]
Gamers who act soon could be among the first to own a very rare game asset in the Initialized Capital-backed Skyweaver – that is, if they play their digital cards right. Skyweaver is a collectible card game (CCG) where players acquire cards for excelling that can be traded like any other Ethereum-based asset. On Friday, the company creating it, Horizon Games, opened its final closed-beta season, […]
Imagine an Internet where the law required every message sent to be read by government-approved scanning software. Companies that handle such messages wouldn’t be allowed to securely encrypt them, or they’d lose legal protections that allow them to operate. TAKE ACTION STOP THE GRAHAM-BLUMENTHAL ATTACK ON ENCRYPTION That’s what the Senate Judiciary Committee has proposed and hopes to pass into law. The so-called EARN IT bill, sponsored […]
It’s revolting to watch these Trump press conferences. The President of the United States standing up there in the midst of this crisis—we started March with 89 cases; as I write, on March 19, we’re above 11,000—picking fights with the press, still insistently saying “Chinese virus,” taking credit for things he didn’t do, bragging about how it would all be much worse if he hadn’t banned […]
Immigration and Customs Enforcement has pledged to limit its roundups of undocumented immigrants to those deemed a public-safety threat during the COVID-19 outbreak. But thousands of people in its jails who aren’t deemed a public safety risk will stay locked up, the immigration agency indicated to The Daily Beast. Migrants inside ICE jails and their advocates outside are warning that conditions within the tightly packed lockups […]
Opening a long-pending multi-modal transportation corridor via Iran will be a big boost for bilateral trade between Russia and India, but it’s not just the economy at stake. This is a bold move against the threat of US sanctions. India’s state-owned Container Corporation of India (Concor) and Russian Railways Logistics Joint Stock Company (RZD) have signed a Memorandum of Understanding to transport cargo between India and […]
Authored by Bruce Wilds via Advancing Time blog, More than a few reasons exist to vehemently oppose the federal covid-19 economic rescue package. This is the hastily drawn up package, which Trump said he fully supports and is rapidly working its way through Washington on its way to becoming law. The two major reasons for strongly objecting to this bill are, we have no idea what it will cost […]
Former 2020 Democratic candidate Andrew Yang reiterated a call for his universal basic income, which was a key part of his presidential run, to deal with the massive economic shock the COVID-19 crisis will have on everyday Americans. In an interview with The Atlantic, Yang noted that the CDC had just advised an eight-week moratorium on any large gatherings, which has led to many states effectively grinding […]
A plan to give each adult American $1,000 is picking up steam in Congress after Sen. Mitt Romney (R-UT) supported the idea on Monday, along with Sen. Tom Cotton who says he’s working on legislation that would include cash stipends. The plan is also backed by several House Democrats, who believe putting cold, hard cash in the hands of American consumers will mitigate the ongoing collapse […]
“We believe the available research supports the conclusion that a program of Medicare for All (M4A) could be considerably less expensive than the current system, reducing waste and profiteering inherent in the current system, and could be financed in a way to ensure significant financial savings for the vast majority of American households,” reads the letter, whose signatories include Columbia University professor Jeffrey Sachs, former Labor […]
Today saw the biggest spike in US equities since October 2008 after an avalanche of intervention in the last 24 hours across the world and extended by 1600 Dow points as Trump unveiled his stimulus/testing plan… But, overall, the market just suffered its fastest, most aggressive collapse into a bear market… ever… But even more ominously, the broadest measure of the US equity market – The […]
Authored by Paul Joseph Watson via Summit News, The very first point of Joe Biden’s plan to stop the spread of coronavirus in the United States highlights the need to stop “acts of racism.” Because when dealing with a global pandemic, preventing people’s feelings from being hurt is surely of the utmost importance. In the first section of Biden’s plan, “Restoring trust, credibility, and common purpose,” curbing […]
There’s a stand of trees in Nevada’s Spring Valley that are sacred to native people. They’re worried a water pipeline to Las Vegas would destroy them. Reno Gazette Journal Opponents argued pipeline would decimate rural communities and drain water from trees that are sacred to Shoshone people. Pipeline plan is decades old, rural Nevadans say it would decimate communities Southern Nevada Water Authority and Nevada State […]