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U.S. coronavirus cases have surpassed 200,000 and the official federal Coronavirus Task Force is already estimating 100,000-240,000 deaths. But even in the face of an increasingly severe pandemic at home, the U.S. is continuing to saber-rattle and escalate tensions abroad with Iran.
In the final weeks of March, as New York City became the epicenter of the global Coronavirus pandemic, New York State Governor Andrew Cuomo emerged as a key figure in the national “war” against the Coronavirus. He has called for vigilant state preparation based on “science and data”, including mandatory state-wide shutdowns and social distancing to flatten the curve of transmission; federal aid to increase the number of hospital beds and ventilators, and a 90-day moratorium on evictions during a period in which unemployment applications in NY State surged 500%.
As the Coronavirus crisis intensifies globally, the U.S. elite are growing increasingly concerned about the impact that this pandemic will have on the economy and their wealth. Last week James Bullard, President of the St. Louis Fed, said that GDP could contract up to 50% in Q2 2020, and that unemployment could reach 30%.
With the COVID-19 pandemic sweeping across the globe, there has been an uptick in the amount of people looking to provide relief beyond the established medical and social service provided by the state. These systems have been gutted for decades by neoliberal austerity measures, and were already inadequate before this crisis hit.
A series of articles and videos have circulated online in the past few weeks claiming that the Coronavirus is not a naturally-occurring virus but is in fact a biological weapon. In the articles that circulate in the U.S. it is generally described as a Chinese biological weapon which was released either accidentally or on purpose.
Prisoners on the roof of the San Vittore Prison in Milan, at the heart of the outbreak in Italy. The U.S. has one of the largest prison populations in the world, topping the list both in absolute numbers and in per-capita terms.
Food Inflation and Resistance in China
Mon, 23 Mar 2020 13:46:25 EST
As the Coronavirus continues to spread across the world, the full range of negative effects that the pandemic will have on the economy, supply chains, and the prices of basic goods is only now becoming apparent to economists and the masses of people.
Since late February, headlines in the American news media have focused on the growing coronavirus pandemic. Likewise, in Congress, there has been a flurry of laws and resolutions passing from hand to hand attempting to mitigate the effects of coronavirus (mainly focusing on bailing out Wall Street and big industries, but not working people or the poor).
As government agencies open the floodgates for bailouts and payouts, the sober reality is the present economic crisis is only going to get worse, and is quickly “infecting” supply-chains and financial systems already severely weakened by epidemic related work-interruptions. A prescient framework for understanding “supply-chain infection” was mapped out in 2012, in a paper by risk consultant David Korowicz, titled Trade-Off Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse.
The Coronavirus has caused an unprecedented crisis in the U.S. and across the world. Stock markets have crashed, businesses have failed, and unemployment has soared. In this crisis, governments are resorting to extreme measures to contain the spread of the virus.