Connect with us

News

Tens of Millions of Jobs Could Be Lost During Pandemic – Forcing Unemployment Higher Than Great Depression: Fed

Published

on

47 million jobs could be lost during the coronavirus pandemic, the St. Louis branch of the Federal Reserve announced Monday. That would skyrocket unemployment to a never-before heard of 32.1%. The Great Depression saw a peak of 24.9% unemployment.

67 million Americans are currently “at a high risk of layoffs,” the analysis shows, according to CNBC.

Millions of Americans have already lost their jobs. There were a staggering 3.3 million new unemployment filings reported last week. Estimates predict an additional 2.65 million more filings will be reported this week.

The calculations “don’t account for workers who may drop out of the labor force, thus bringing down the headline unemployment rate, and they do not estimate the impact of recently passed government stimulus, which will extend unemployment benefits and subsidize companies for not cutting staff and extending unemployment benefits.”

St. Louis Fed President James Bullard, considered one of the most influential economists in the world, last week tried to put a positive spin on his projection of a 30% unemployment rate. He predicted the jobless number “will be unparalleled,” but urged Americans, “don’t get discouraged.”

“This is a special quarter, and once the virus goes away and if we play our cards right and keep everything intact, then everyone will go back to work and everything will be fine,” Bullard claimed, predicting a “boom quarter” after the virus is controlled. Many experts predict some businesses will not be able to recover or re-open.

 

Image by Burt Lum via Flickr and a CC license

Continue Reading
Click to comment
 
 

Enjoy this piece?

… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.

NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.

News

Florida GOP Chair Could Face ‘Censure or Discipline’ After Rape Allegation and Three-Way Sex Claim

Published

on

Christian Ziegler, the Donald Trump-endorsed Florida Republican Party chair who is reportedly under criminal investigation for alleged rape, and had a consensual three-way sexual relationship with his wife and the woman who is now accusing him, could face some form of discipline from party leadership if he does not resign.

Florida Republican Party Vice Chair Evan Power is calling for a special meeting to consider Ziegler’s future, according to Florida Politics.

Ziegler, who is opposed to the special meeting which could decide his fate with the party, wants to wait until the board’s scheduled meeting in February to discuss the allegations against him. He has refused to resign.

“In an act of respect for the Chairman, this evening, I phoned him to request he call an executive board meeting,” Power wrote in an email to board members. “He declined and said the matters could be taken up in February. It is the opinion of the many members that it is not an acceptable timetable.”

READ MORE: ‘Given My Experience’: Gaetz Waiting to ‘Render Judgment’ on Florida GOP Chair Accused of Rape

“Because of my role as Vice Chairman, I now offer the following call for a Special Meeting with an option for each of you to sign on to,” Power added. “I hope that we are able to move the Party forward in a positive manner as the 2024 elections are the most important elections we face in my lifetime. If you have any questions, please do not hesitate to reply to this email or give me a call or text.”

Ziegler’s wife Bridget Ziegler is an an elected school board member and a co-founder of the anti-LGBTQ Moms for Liberty, which the Southern Poverty Law Center has designated as an anti-government extremist group. She told police “that she and her husband had previously engaged in a ‘sexual encounter’ with the woman. The following day, [Christian] Ziegler was interviewed by police with his attorney present. He told them the encounter with the woman was consensual and said he’d taken a video of it,” according to the Florida Center for Government Accountability’s Trident news site.

Power has “as laid out an agenda for a meeting” that “includes potential censure or discipline for Ziegler following party rules. That includes determining if Ziegler must be deemed unfit for office and whether his actions have hurt the ‘good name of the RPOF,'” Florida Politics adds. He also wants the board to discuss suspending Ziegler’s responsibilities, pay, and holding a no-confidence vote.

READ MORE: ‘Authoritarianism’: Florida Says Its Public Schools Exist to ‘Convey Government’s Message’

Continue Reading

News

‘He Can Warp Time or Something’: Morning Joe Mocks GOP’s Biden Impeachment Probe After Latest Flop

Published

on

MSNBC’s Joe Scarborough and Mika Brzezinski needled House Republicans for overhyping their latest revelation in the impeachment inquiry of President Joe Biden.

House Oversight chairman James Comer (R-KY) obtained bank records showing Hunter Biden’s law firm had made monthly payments to his father in late 2018, but those three checks were reimbursement for a pickup truck the elder Biden had purchased and allowed him to use.

“What kind of car was it?” Scarborough asked. “It could have been a hot rod Lincoln. I don’t know, do you ride around in it in Tennessee, go through the Smoky Mountains? More smoking guns.”

Republican National Committee chairwoman Ronna McDaniel also on Monday accused Biden of suppressing media coverage of his son’s laptop ahead of the 2020 presidential election, which would have been before he was president, and the “Morning Joe” co-hosts called out the bad-faith coverage by conservative media of her outlandish allegations.

“Obsessed,” Brzezinski said.

“The fact that Joe Biden was so corrupt, so evil, so powerful that he could suppress this information, his White House could suppress this information, even when he was not in the White House,” Scarborough said sarcastically. “It means he has, like, some X-Men/Avengers, I think it’s more X-Men. He has these X-Men powers where he can warp time or something. Maybe it is more, like, an Avengers multiverse thing – he’s not really present, but he is. I don’t think Ronna knows that. I’m wondering why she said the Biden White House did it when Biden wasn’t in the White House, and nobody corrected her.”

Watch the video below or at this link.

 

Continue Reading

News

RNC Chair Falsely Claims ‘Biden White House’ Killed Hunter Laptop Story in 2020

Published

on

The head of the Republican National Committee is claiming the “Biden White House” killed the Hunter Biden laptop story in 2020, before Joe Biden was elected President. The embattled RNC chair, Ronna McDaniel, is again taking criticism, but her false allegations resurface events some may have forgotten.

“This is a Biden White House that was meeting with social media companies, dictating what they put on their platform before the 2020 election,” McDaniel told Fox News on Monday.

“That to me is suppression,” she continued. “This is a White House that killed the Hunter Biden story that we now know is true, that prevented voters from knowing that before the 2020 election.”

That is false.

But it’s also important to take a look back at reporting from 2020 which debunks McDaniel’s false statements.

READ MORE: ‘Denied’: Trump Loses Latest Gag Order Effort

Just days before the 2020 election, NBC News reported that “Trump and his allies say there is evidence of corruption in emails and documents allegedly found on a laptop belonging to Democrat Joe Biden’s son. They say those and other documents show that Hunter Biden used his father’s influence to enrich himself through business deals in Ukraine and China, and that his father not only facilitated that, but may have benefited financially.”

“But the Wall Street Journal and Fox News — among the only news organizations that have been given access to key documents — found that the emails and other records don’t make that case. Leaving aside the many questions about their provenance, the materials offered no evidence that Joe Biden played any role in his son’s dealings in China, let alone profited from them, both news organizations concluded,” the NBC News report states.

Now, despite nearly a year of intense Republican investigations by three House committees and a GOP-majority House leadership that appears determined to make the case to impeach President Joe Biden, those findings in the NBC News report are just as true today as they were when they were published more than three years ago.

In that same report, NBC News also stated, “many questions remain about how the materials got into the hands of Trump’s lawyer, Rudy Giuliani, who has met with Russian agents in his effort to dig dirt on the Bidens.”

READ MORE: Comer Says Biden’s Bank Records ‘Don’t Lie’ but His Claims Are Quickly Debunked

“U.S. intelligence agencies have informed the White House that Giuliani has been in contact with alleged Russian intelligence agents. The FBI has been looking into whether the Russians played any role, and no official has ruled that out.”

At the time, that was the Trump White House, not the Biden White House. Bill Barr was the Attorney General.

One year earlier, in October of 2019, Politico reported, “2 Giuliani Ukraine associates indicted on campaign finance charges.” And just weeks ago, The Guardian reported, “Ukrainian authorities have arrested a controversial MP who was at the heart of efforts by Rudy Giuliani to dig up compromising material about Joe Biden, and placed him in pre-trial detention.”

McDaniel claimed Joe Biden dictated to social media companies “what they put on their platform before the 2020 election.”

Again, that is false. Nor does a presidential candidate have the power to do so.

What actually happened?

“The background here is that the FBI came to us,” Facebook chief Mark Zuckerberg told Joe Rogan last year, as the BBC reported, “and was like ‘hey, just so you know, you should be on high alert. We thought there was a lot of Russian propaganda in the 2016 election, we have it on notice that basically there’s about to be some kind of dump that’s similar to that’.”

READ MORE: ‘Authoritarianism’: Florida Says Its Public Schools Exist to ‘Convey Government’s Message’

The BBC added, Zuckerberg “said the FBI did not warn Facebook about the Biden story in particular – only that Facebook thought it ‘fit that pattern’.”

The BBC also pointed to the New York Post report that it says “claimed that a laptop, abandoned in a repair shop by Hunter Biden, contained emails which included details of Hunter introducing a Ukrainian energy tycoon to his father and arranging a meeting.”

“There is no record on Mr Biden’s schedule that such a meeting ever took place,” BBC adds.

“More than a year after the story appeared, the Washington Post conducted its own analysis and concluded the laptop and some emails were likely to be authentic – but the majority of data could not be verified due to ‘sloppy handling of the data’.”

That New York Post “article remains controversial. The hard drive at its centre was provided to the Post by Donald Trump’s own lawyer, Rudy Giuliani.”

Watch McDaniel below or at this link.

Continue Reading

Trending

Copyright © 2020 AlterNet Media.