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SUBSCRIBE to EIR Daily Alert Service Choose Your Poison? U.S. Is Being Ravaged by Both the Pandemic and the Collapsing Economy Dec. 17, 2020 (EIRNS) If you believe the popular gossip that you have to choose between bringing the economy to a halt to stop the COVID-19 pandemic, or “reopening” the economy and letting the disease rip, you’re being snookered once again by the British financial crowd that brought you both catastrophes in the first place: the City of London and their Wall Street sidekicks. As Lyndon LaRouche warned four decades ago, and the LaRouche organization restated explicitly as early as February 2020, the then-emerging pandemic was caused by 50 years of catastrophic British Empire economic policies which had brought the world’s potential relative population density well below the actual population on the planet. The solution to both crises does not lie in some trade-off between the two, but in a single global solution to both, revolving around the ....
Share Source: AP Photo/Paul Sancya Critics of the lockdowns have been warning about the negative consequences of shutting down the economy and locking people inside their homes. While the media presents constant updates about the death toll and number of coronavirus cases, rarely is the damage caused by the lockdowns presented for the public to see. One has to search for it, but it s there. For example, a new study analyzing income and poverty amid the coronavirus pandemic found that nearly 8 million Americans fell into poverty over the Summer. According to James X. Sullivan, one of the study s authors and a professor at Notre Dame, it s the largest jump in poverty during a single year since the government first began tracking poverty 60 years ago. It s also close to double the second-largest rise in poverty, the oil crisis of 1979 and 1980. ....
Pandemic Forced Nearly 8M Americans Into Poverty Over Last 6 Months 980waav.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 980waav.com Daily Mail and Mail on Sunday newspapers.
U.S. poverty jumps the most in 60 years By Megan Cerullo One-quarter of Americans in poverty or jobless Of the various measures of the coronavirus pandemic s comet strike on the U.S. economy, one especially reveals the size of the crater: Over a six-month period, nearly 8 million Americans have tumbled into poverty. The nation s poverty rate in November jumped to 11.7%, up 2.4 percentage points from 9.6% in June the biggest one-year increase in the 60 years that the government has been keeping numbers, according to new research from three universities. James X. Sullivan, a professor of economics at Notre Dame, and Bruce D. Meyer, an expert in poverty and inequality and professor at the University of Chicago s Harris School of Public Policy, are tracking the nearly real-time data on a dashboard that registers the economic impact of COVID-19. ....
Nearly 8 million Americans have fallen into poverty since the summer greenwichtime.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greenwichtime.com Daily Mail and Mail on Sunday newspapers.