News Release Category: Economy and Business
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JPMorgan: Apparently Misused PPP Funds * Meeting with DeJoy to Head Off Postal Banking
“Apart from politically motivated attacks on the Postal Service before the election, there’s another malevolent force at work on this important institution: Wall Street. Postmaster General Louis DeJoy is in talks with JPMorgan Chase, the largest bank in the United States, on an exclusive contract to put that private bank’s branches inside post offices. At…
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Labor Day: Tipping Point for Restaurant Workers?
Many restaurant workers are increasing their organizing and their demands for ending the tipped minimum wage. Last year, the House passed a bill doing just that, but the Senate refused to consider it.
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Could NBA Strike Fuel New Strike Wave?
Mike Elk, a reporter at Payday Report, has said that the NBA strike could inspire a whole new round of Black Lives Matter strikes across the United States.
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RNC, DNC and Anti-Palestinian Agreement
Michael Brown, a journalist with The Electronic Intifada, covers the intersection of white supremacy in the U.S. with anti-Palestinian sentiment and backing for an expansionist Israel. He remarked: “The Republican Party has made clear this month its absolute support for Israel and its de facto annexation of the West Bank.”
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Deadly Combination: Nursing Homes and Wall Street During Pandemic
Patrick Woodall, a senior researcher at Americans for Financial Reform, released a new study on the combination of nursing homes and private equity during a pandemic. Woodall said, “The COVID-19 pandemic has ravaged nursing homes around the country and has highlighted the role played by Wall Street private equity firms in degrading care when it…
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Major Post Office Hearings Today
The House is having hearings with Postmaster General Louis DeJoy on August 24, 2020. Two analysts, Christopher Shaw and Lisa Graves, have done extensive research on the issue. Shaw, a historian and author, has stated that Postmaster General Louis DeJoy’s “actions have targeted the agency’s civic role and jeopardized voter participation in the 2020 election.”…
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Twelve U.S. Billionaires Have a Combined $1 Trillion
“For the first time in U.S. history, twelve U.S. billionaires surpassed a combined wealth of $1 trillion… This is a disturbing milestone in the U.S. history of concentrated wealth and power. This is simply too much economic and political power in the hands of twelve people.”
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Behind the Attacks on the Post Office
Lisa Graves, the executive director of the policy research group True North, is pointing to connections in the Post Office itself that brought us to this point.
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Historian on Attacks on Post Office
“The U.S. Postal Service has served the American people day in and day out since 1775. Time and again, the Postal Service rose to the occasion in moments of national crisis, and millions of Americans will rely on the U.S.”
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Do the Climate Solutions Offered Meet the Moment?
“President Donald Trump is down in the polls, but was up for a speech at a fracking rig in a COVID-19 hotspot, one with no masks in sight.”