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Mar 30, 2021, 1:16:09 PM3/30/21
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   Phil Panaritis


Six on History: "Our" Economy

1) What Is Amazon Doing to Our Country?

"Over the past year, as Covid has decimated the social and economic fabric of the United States, one company has been recording staggering profits and market growth, along with a hiring spree of over a thousand workers a day: Amazon. If you are reading this review, you have definitely encountered an Amazon product in some form — whether a blue-and-white bubble-lined envelope sitting outside your door or a delivery from Whole Foods. Even if you’ve decided to boycott Amazon purchases, just by going on The Times’s website you will have used an Amazon product — The New York Times, along with sites like Netflix, Zoom and Twitter, is hosted on Amazon Web Services, the cloud computing division behind Amazon’s smiling consumer face.

And chances are high that whatever the product inside the bubble envelope, the Whole Foods bag or the web page you loaded, the product brought you some temporary fulfillment.

In Alec MacGillis’s urgent book, “Fulfillment: Winning and Losing in One-Click America,” true fulfillment is elusive in Amazon’s America. Through interviews, careful investigative reporting and vignettes from across the country, MacGillis deftly unravels the strong grip Amazon has on the United States, from the ground level — in the inhumane working conditions of the warehouse, in rural towns upended by deindustrialization and subject to the glint of Amazon’s economic promise — to the gilded halls of Washington, D.C., where Amazon’s lobbyists flock."




2) Student loans: How much the government collects each year.

"Here’s a question that you might think would have an easy-to-Google answer: How much money does the federal government collect in student loan payments each year?

I found myself wondering this several months ago. At the time, Joe Biden had just won the presidency, but it wasn’t clear whether Democrats would take the Senate. And so lawmakers and activists had begun batting around the idea of mass loan forgiveness as a big, legacy-defining gesture that the administration could potentially pursue without Congress.

But how much money would borrowers as a whole actually save each year thanks to a jubilee? Nobody seemed to know.

The question had implications not just for borrowers’ pocketbooks, but for the economy at large. In response to the coronavirus crisis, the federal government has paused payments on the student loans in its portfolio (people can choose to keep paying them but not many are). When payments finally resume, it will act like a new tax on households, putting a slight damper on consumer demand."


3)RIGHTS OF FARM WORKERS: LABOR LEADERS CÉSAR CHÁVEZ AND DOLORES               HUERTA AFT Share My Lesson - free resources

"March 31 is César Chávez Day and April 10 is Dolores Huerta Day. Use these K-12 lesson plans and resources to celebrate the life and legacy of these civil rights and labor activists.

Topics span their co-founding of the United Farm Workers union, their use of nonviolent protests to fight for the rights of laborers and includes other change-makers like Lucas Benitez and Librada Paz. You’ll also find related lessons on social justice, on Martin Luther King, Jr., and Hispanic heritage month celebrations."





4) The minimum wage would be $44 an hour if it had grown at the same rate as Wall           Street bonuses

The minimum wage would be $44 an hour if it had grown at the same rate as Wall Street bonuses





5) There will be no economic boom after the pandemic - Richard Wolff, Global                 Capitalism

"This is a clip from the March 2021 Global Capitalism lecture by Richard D. Wolff in which Prof Wolff responds to the various predictions that there will be an economic boom after the pandemic, much like there was a boom following the Great Depression and World War II. He analyses the key differences between then and now that make this an inaccurate historical comparison: duration of the preceding crisis, the current levels of American debt, and the fact that America is no longer alone at the top of the global economic economy. "There are people who look at all of this horror and say well we'll be out of the woods soon… I don't think a boom is coming... The talk about a boom when this pandemic is behind us is just that: lots of talk by people who are claiming some historical parallel that is not there..." - Richard Wolff This lecture was titled "March 2020-March 2021: Covid and the Crash" and featured an analysis of the last year of pandemic and economic crisis. Professor Wolff also gave short updates on: who lost what; who gained what; where is the US economy headed now; and lastly, political fallout: revisiting the January 6 DC assault." Read a summary of highlights and quotes from this month's lecture: https://www.democracyatwork.info/prof...
​ Watch the full lecture: https://www.youtube.com/watch?v=GE6s9...





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Paul Stuart, a tech at Saint Vincent Hospital, and Betty Ann Warner, a nurse at the hospital, participated in a “Pre-Strike Community Rally” Sunday in Worcester..jpg
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southern_tenant_farmers_unionSouthern Tenant Farmers’ Union Black and White Unite.pdf
We just want to be treated like the French. teacher strike livable wages.jpg
Excerpt from ABCs of Political Economy--Different Conceptions of Economic Justice.pdf
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Cesar Chavez (center) and UFW supporters attend an outdoor Mass on the capitol steps in Sacramento, Calif., before start of a labor protest march,.....jpg
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In Amazon’s drive to maximize profitability, Alec MacGillis writes, warehouse work often feels provisional and anonymous, in addition to being low paying Economy.jpg
Minimum wage vs. worker productivity economy.png
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