Are We on the Verge of a Global Financial Collapse

As jobs disappear and our everyday lives are disrupted in the name of flattening the coronavirus curve, a picture of what tomorrow will look like is still too uncertain to make out, but all indications show that we are close to a breaking point.

Raul Diego
By Raul Diego
Coronavirus financial collapse Feature photo

Money has been moving like lava through the economy for almost two months now amid the coronavirus shutdowns resulting in millions of layoffs, which some bank officials like J.P. Morgan's Bob Michele, say will keep unemployment high for at least a decade. The bleak prediction comes as the April jobs report, published today, reported that 20.5

Read Full Article

US Government Fears China will Give Away COVID-19 Vaccine for Free

“The coronavirus pandemic is a clear instance in which the whole world shares a common interest in developing and distributing a vaccine.” — Dr. Dean Baker

Alan Macleod
By Alan Macleod
Coronavirus VACCINE Feature photo

The number of official global coronavirus mortalities surpassed a quarter of a million people today, including over 69,000 in the U.S. (although this is very likely an undercount). Polls show that the American people are extremely worried about contracting the virus. However, the government has a much bigger concern: that if they find a COVID-19

Read Full Article

First Official Cases of Coronavirus and Deadly Flooding Mark Ramadan in Yemen

Health officials tell MintPress that flooding has impeded coronavirus prevention measures in a country already devastated from five years of Saudi bombing that has left 70 percent of its health facilities destroyed.

Ahmed Abdulkareem
By Ahmed Abdulkareem

ADEN, YEMEN -- In northern Yemen, the Saudi-led coalition has so far offered little reprieve to civilians during the Islamic holy month of Ramadan. Several regions — including Marib, al-Jawf, Beydha, and Sadaa, — have been under almost constant aerial bombardment and the continued violence is not the only thing making the lives of civilians in

Read Full Article

Coronavirus: How Are European Countries Treating Refugees Amid the Pandemic?

Neglecting the refugees while fighting coronavirus is as foolish as it is inhumane. The last few months have taught us that self-centered strategies do not apply in the cases of global healthcare crises.

Romana Rubeo
Ramzy Baroud
By Romana Rubeo
And Ramzy Baroud
Europe Refugees Coronavirus Feature photo

As soon as the COVID-19 pandemic began spreading its tentacles throughout China and eventually to the rest of the world, the World Health Organization (WHO), along with other international groups, sounded the alarm that refugees and migrants are particularly vulnerable to the deadly disease. “We strongly emphasize the need for inclusive national

Read Full Article

As US Economy Tanks, Study Finds Unemployment Numbers Likely Double Official Figure

“These findings on the millions of frustrated filers and the UI system’s low payment rate highlight the need for policies to improve rather than hinder the UI application process,” noted the studies authors.

Alan Macleod
By Alan Macleod
Coronavirus unemployment Feature photo

As COVID-19 rips through the United States, a record 26.5 million Americans have filed for jobless benefits since mid-March alone; numbers not seen since the height of the Great Depression. Tens of millions have been laid off, furloughed, or seen business dry up in a matter of weeks. “Prepare yourself,” said a worried Kevin Hasset, senior economic

Read Full Article

As US Approaches Record Deficit, Israel Asks for Record Handout

The request would work out to almost $21 million per day from American taxpayers, even as the U.S. is approaching a $4 trillion deficit (the largest in the world), and Israel typically has a lower unemployment rate than the United States.

Alison Weir
By Alison Weir
US Israel military aid Feature photo

Menifee, CA (IAK) -- Breaking Defense, a digital magazine that covers military issues, reports that Israel may ask for its U.S. aid early, possibly in a lump sum that could be as high as $7.6 billion. This would work out to almost $21 million per day from American taxpayers, even though the U.S. is approaching a $4 trillion deficit (the largest

Read Full Article