The Clayton Anti-Trust Act 1914

Speaking of economic news……

Hold your breath it is time for the Old Professor’s history lesson…..first Mata Hari was executed in Paris on this date in 1917….and in 1966 the Black Panther Party is established……and in 1969 over 2 million people protested for the end of the Vietnam War…..

On this day. 15 October, in 1914 the US Congress passes the Clayton Anti-Trust Act…..

On this date, the 63rd Congress (1913-1915) passed the Clayton Antitrust Act (P.L. 63–212) in a bid to curb the power of trusts and monopolies and maintain market competition. By the turn of the 20th century, large corporations had cornered whole segments of America’s economy using predatory pricing, exclusive dealings, and anti-competitive mergers to drive local businesses to ruin. In Congress, Members decried the evils of monopolies, including Representative Robert Crosser of Ohio who warned that a “failure to check the growth of monopolies…will result in industrial slavery.” Representative Alben W. Barkley of Kentucky dubbed the trusts “offensive organizations.” Most agreed that government regulation of the trusts was too lenient and rallied around the Clayton Antitrust Bill when Representative Henry Clayton of Alabama introduced it in 1914. Representative John J. Casey of Pennsylvania remarked, “I realize and appreciate the importance of this bill, because I believe it is one of the most important that has or will come before this House for consideration.” The Act supplemented and strengthened the Sherman Act of 1890, an existing antitrust bill that had failed to effectively regulate the massive corporations. The newly created Federal Trade Commission enforced the Clayton Antitrust Act and prevented unfair methods of competition. Aside from banning the practices of price discrimination and anti-competitive mergers, the new law also declared strikes, boycotts, and labor unions legal under federal law. The bill passed the House with an overwhelming majority on June 5, 1914. President Woodrow Wilson signed it into law on October 15, 1914. 

This was suppose to cease the idea and exploitation of being a wage slave…….and how has that worked out?

This law has very little teeth anymore…..we have monopolies everywhere in our business societies….the US has a long history of trying to make the society more equitable……https://www.thoughtco.com/the-clayton-antitrust-act-4136271

How has all this legislation done at help this society become a more equitable society?

I do not see it….how about you?

(Watch this blog for more thoughts on monopolies….posts coming soon)

Be Smart!

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”

Closing Thought–01Oct20

More bad news for the workers thanx to the Trump admin during the pandemic.

All those economic stim packages that were aimed at helping workers to live until the virus can be conquered…..most of the money….all the money….has made it into the hands of corporations….and to add one more failed program to save the workers from unemployment.

A new analysis out Wednesday reveals that the Federal Reserve bond purchasing program meant to prevent workers from losing their jobs amid the Covid-19 pandemic instead bolstered companies who laid off more than one million workers while paying massive dividends to shareholders—a finding escalating concerns that the central bank’s behavior is “contributing to an economic recovery that benefits wealthy executives and investors but leaves behind American workers.”

The report put forth by the Select Subcommittee on the Coronavirus Crisis —titled “Prioritizing Wall Street” (pdf)—examines individual corporate bonds purchased through the Fed’s Secondary Market Corporate Credit Facility (SMCCF), a lending system supported by funds from the CARES Act but which lacks taxpayer and worker protections included in other programs backed by the legislation passed earlier this year. 

For corporations hoping to become eligible to issue bonds purchased by the Fed, the SMCCF “imposes no conditions requiring companies to save jobs or limit payments to executives or shareholders,” the report notes. 

https://www.commondreams.org/news/2020/09/23/fed-program-meant-help-workers-amid-pandemic-prioritized-wall-street-investors

“The primary beneficiaries of the program have been corporate executives and investors, not workers.”

This is no different than the rest of the stim plans……make the CEOs richer and the screw the people that make these corporations possible.

Not to worry though the whole BS about the shareholders saving the working people is a LIE….please let me repeat that for the mentally slow….IT IS A LIE!

When the Business Roundtable issued a statement on corporate purpose and promised to “deliver value to all of… our stakeholders” in 2019, some applauded the attention paid to social and environmental concerns by 181 CEOs as a significant improvement from neoliberal economist Milton Friedman’s 1970 dictate that “the social responsibility of business is to increase its profits,” which marked the beginning of an era of shareholder primacy. 

But a study (pdf) published Tuesday by the Test of Corporate Purpose (TCP) initiative showed that amid 2020’s disastrous public health, economic, social, and environmental challenges—the coronavirus pandemic, massive unemployment and worsening inequality, persistent police violence and racial injustice, and intensified climate crisis—”stakeholder capitalism” has failed to follow through on its promises to do more to benefit workers and communities, continuing to “put profits ahead of people” instead. 

https://www.commondreams.org/news/2020/09/22/study-shows-stakeholder-capitalism-failing-live-promises-corporations-continue

“The study enhances doubts that corporations can be depended upon to moderate their quest for profits to pursue solutions to challenges like climate change, racial injustice, and economic inequality.”

The more you learn the more you see what a biased system we live in….the workers mean NOTHING.

If you cannot see the inequality you are either ignorant or a Trump supporter….wait…that is basically the same thing.

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”

Labor Day–2020

Closing Thought–07Sep20

Labour Day 2020: History, Importance and Significance of May Day

As usual the Old Professor has a history lesson and a touch of sociology for you on this day that celebrates work…..

The impact of the COVID-19 pandemic on U.S. employment is dire. Economists estimate that 1 in 5 workers have lost their jobs. As a result, many people are finding it difficult to keep a roof overhead and put food on the table. Yet there can be more to work, and Labor Day provides an opportunity to see how through the writings of a woman who thought especially deeply about it, Simone Weil.

Weil looked at work as more than an exchange of money for labor. She argued that people need to work not only for income but also for the experience of labor itself. From her perspective, money does not solve the core problems of joblessness. Instead, work provides vital opportunities to live more fully by helping others.

https://theconversation.com/labor-day-celebrates-earning-a-living-but-remember-what-work-really-means-145360

Because it is a lazy day does not mean that something cannot be learned…..

Today will be a short day for me and I need to step away from the keyboard for awhile…..and what better day then Labor Day….

I hope all my regulars have a great day.

I will be grilling and drinking beer……a person has got to have some fun once in awhile…..

So until tomorrow…..I will return to my regularly scheduled posting….but until then…TTFN!

Labor Day (September) 2020 | When is Labor Day (September) 2020? - CalendarZ

Those Police Unions

Closing Thought–20Aug20

First of all I take exception to the term ‘Union’ when applying it to the police.

At best it is an association……to imply it is a union means that it is part of the larger labor force…they are NOT!

That is my short bitch…..what this post is about is the coming storm of reform that is hitting the police forces around the country.

But why are these “associations” so strong?

Police unions are at the center of questions about what will happen to Chauvin and the three officers who watched as Floyd was suffocated. And they are also key to understanding why officers across the country escape discipline time and again after beating or killing people. As other labor unions have shrunk in recent years, membership in police unions has remained high. While the Black Lives Matter movement encouraged people to document police brutality on camera and demand accountability, police unions, which now have hundreds of thousands of members, have pushed back in almost every way imaginable—by overturning firings, opposing the use of body cameras, and lobbying to keep their members’ disciplinary histories sealed.

All of which can make officers feel invincible when they commit acts of violence. A forthcoming research paper from the University of Victoria in Canada found that after police officers formed unions—generally between the 1950s and the 1980s—there was a “substantial” increase in police killings of Black and Brown people in the United States. Within a decade of gaining collective bargaining rights, officers killed an additional 60 to 70 civilians of all races per year collectively, compared with previous years, an increase that researchers say may be linked to officers’ belief that their unions would protect them from prosecution. A working paper from the University of Chicago found that complaints of violent misconduct by Florida sheriffs’ offices jumped 40 percent after deputies there won collective bargaining rights in 2003.

The Infuriating History of Why Police Unions Have So Much Power

Reform is sadly needed but it will be a hard row to hoe…..because these so-called unions will fight any reform that is sadly needed.

In May, just days after a Minneapolis police officer killed George Floyd, Lieutenant Bob Kroll, the bellicose leader of the city’s police union, described Floyd as a violent criminal, said that the protesters who had gathered to lament his death were terrorists, and complained that they weren’t being treated more roughly by police. Kroll, who has spoken unsentimentally about being involved in three shootings himself, said that he was fighting to get the accused officers reinstated. In the following days, the Kentucky police union rallied around officers who had fatally shot an E.M.T. worker named Breonna Taylor in her home. Atlanta police staged an organized sick-out after the officers who killed Rayshard Brooks were charged. Philadelphia police sold T-shirts celebrating a fellow-cop who was caught on video clubbing a student protester with a steel baton. The list goes on.

Along with everything else about American society that was thrown into appalling relief by Floyd’s killing, there has been the peculiar militancy of many police unions. Law enforcement kills more than a thousand Americans a year. Many are unarmed, and a disproportionate number are African-American. Very few of the officers involved face serious, if any, consequences, and much of that impunity is owed to the power of police unions.

https://www.newyorker.com/magazine/2020/08/03/how-police-unions-fight-reform

Until those much needed reforms hit in your police department….there are a few things we all can do to try and keep the cops in-line with the rest of society…..

As a reporter covering law enforcement for the Asbury Park Press in New Jersey, and now in partnership with ProPublica’s Local Reporting Network, I use investigative reporting techniques to strengthen police accountability. Other journalists do the same. But, in truth, any citizen can apply the same methods to ensure the law enforcement system they’re funding is serving them well.

Police culture can be insular and tough to penetrate. But I’ve been surprised by how often it’s possible, though time consuming, to expose important issues by requesting and examining records and data from police departments and other government agencies and engaging citizens and key leaders. So here are five techniques concerned citizens, journalists and policymakers can use to examine police conduct in their communities.

https://www.propublica.org/article/i-cover-cops-as-an-investigative-reporter-here-are-five-ways-you-can-start-holding-your-department-accountable

Read the list and try to help keep the PD on a thin line…..it is time for them to return to their prized motto…”To protect and serve”….instead of the one they live by these days…”to punish and enslave”…..

Do yourself a favor….READ THE DAMN POST!

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”

But Markets Are Booming!

We hear every day just how the markets are doing (that would be stock markets not the food markets…although they are doing well as well with the increase in prices….you know profits are far more important than the well being of the people)…..

But reality is a lot different than the Fantasy that if markets are up then the economy is in great shape……that is a stupid statement that keeps getting regurgitated day after day……

Ask the 47% workers that are unemployed.

According to newly released Bureau of Labor Statistics (BLS) figures, 47.2 percent of working-age Americans were without work in May, the highest level recorded since the end of World War II.

The numbers are based on the BLS employment-population ratio, which takes the total labor force and divides it by the number of those actually working. It is a more accurate measure of joblessness than the monthly unemployment report, which only counts those actively seeking work.

At the end of May the employment-population ratio stood at 52.8 percent; it stood at 61.2 percent at the start of the year. The employment-population ratio reached a postwar high of nearly 65 percent in 2000.

https://www.wsws.org/en/articles/2020/07/01/jobs-j01.html

Poverty is expanding….regardless what some right wing dolts try to tell you…..I have written about this some 12 years ago…..https://lobotero.com/why-poverty/

Then there is the “inequality” thing……again many years ago a blog post…..https://lobotero.com/2010/03/09/the-creeping-cancer-known-as-inequality/

The virus has done little to change the slide of the workers into poverty….and it appears that the world economy will have a bad couple of years to come thanks to the pandemic…..

The International Monetary Fund (IMF) has significantly increased its forecast for the contraction in global economy, warning that it will take a cumulative $12 trillion hit over 2020–2021. Updating its forecast yesterday, the IMF said the global contraction for 2020 would be -4.9 percent, some 1.9 percentage points below the forecast it issued in April.

It said the COVID-19 pandemic “has had a more negative impact on activity on the first half of 2020 than anticipated, and the recovery is expected to be more gradual than previously forecast.” Overall, this would leave 2021 gross domestic product (GDP) some 6.5 percentage points lower than the pre-pandemic projections of 2020.

https://www.wsws.org/en/articles/2020/06/25/imfr-j25.html

We have an election approaching…you can help change the trajectory of the economy by voting……and it needs a change….

Trump’s nationalism is clear, but is U.S. capitalism turning nationalist too?

Broadly, U.S. employers neither think nor care much about racism. Some use it to divide employees, keep them from unifying around workplace issues, labor unions, unwanted political initiatives, etc. Most ignore it unless and until gross racism brings victims and anti-racists into the street in ways that threaten their commerce or the economic status quo. Then lip service against racism flows. Corporations make mostly cosmetic adjustments hyped by major public relations efforts. At best, a few genuine, usually marginal improvements are achieved in racial integration and the excruciatingly slow decline of institutional racism.

US global capitalist leadership of the last 50 years is now in decline

Learn Stuff!

VOTE!

I Read, I Write, You Know

“lego ergo scribo”

Closing Thought–01Jul20

But first….the most useless info available…..

01Jul1963…..zip codes were used for the very first time.

We are told by so many that the workers in this country have it made compared to workers in other countries….but just how true is this claim?

Actually…it is a lame ass claim ……

The U.S. has the worst record among major developed countries when it comes to workers’ rights, according to a survey of labor unions.

The world’s largest economy (US) is ranked a 4 in a scale by the International Trade Union Congress, meaning there are “systematic violations of rights.” Every other Group of Seven country ranks 3 or better.

Globally, the ITUC said the situation has worsened for workers, with violations of rights at a seven-year high. The worst region is the Middle East and North Africa, and the organization noted a number of countries have impeded the registration of unions, as well as banned strikes and collective bargaining.

Excluding countries where there are no rights due to a breakdown of the rule of law, the 10 worst in the survey are Bangladesh, Brazil, Colombia, Egypt, Honduras, India, Kazakhstan, Philippines, Turkey, and Zimbabwe. All are rated 5, for “no guarantee of rights.”

Europe dominates the top-ranked countries for workers, with the list including Sweden, Italy, Netherlands, Ireland and Germany. Uruguay is the only non-European nation in the group.

(Bloomberg)

I have been working to give workers a better life for 40 years….and my work is never been more important than it is today.

I Read, I Write, You Know

“lego ergo scribo”

Remember That Meat Shortage?

About a month ago we were seeing the news that meat packing plants were shutting down and that our meat supply was dwindling and would soon be possibly gone….

We saw news after news report about the coming shortage and bloggers like myself also jumped on that bandwagon echoing the news that we could soon be out of meat….

Remember any of that?

Well it was a FAKE!

Say What!

As workers in meat processing plants around the country earlier this year fell ill with the coronavirus, threatening production, industry leaders appealed to the government to allow the facilities to remain open, citing the threat of a catastrophic domestic food shortage. 

It worked—President Donald Trump issued an executive order allowing the plants to stay open as essential businesses even as workers were getting sick and dying. However, according to new reporting from the New York Times and USA Today published Tuesday, the industry was lying about the threat of a shortage in order to maintain large exports to overseas markets.

“It was a fake meat shortage,” tweeted labor journalist Steven Greenhouse.

“The meat companies were saying the sky was falling, and it really wasn’t,” Food & Water Watch senior lobbyist Tony Corbo told the Times. “It wasn’t that there was not enough supply. It was that the supply was being sent abroad.”

https://www.commondreams.org/news/2020/06/17/it-was-fake-meat-shortage-reporting-suggests-industry-sacrificed-workers-during

The reporting was dire and even the MSM did not research the reports deep enough….and most of us as consumers of the MSM reporting bit into the false narrative of a meat shortage on the horizon….

I am attempting to rectify my part in this hoax….

I Read, I Write, You Know

“lego ergo scribo”

Pandemic News

It is the weekend and I bet you have had very little info on the pandemic since the protests began…..Am I right?

IST wants to help keep you up-to-date….

Confirmed cases–1.9 million

Deaths–110,000

Protests Deaths–at least 12  (names included here…https://www.forbes.com/sites/jemimamcevoy/2020/06/03/at-least-12-have-died-in-nationwide-protests-heres-who-they-were/#74cc181b9b32)

And let us not forget the 44,000+ that have been arrested and the treatment they may encounter.

Now the pandemic news we all have been waiting on…..

The globe is suffering with this virus and the responses that have been muted…..

The globe continues to see daily cases of COVID-19 exceed 100,000 per day, with close to 6.4 million cumulative cases. Total deaths are approaching 380,000 as the pandemic is settling in the Americas for the present moment. In response to a question as to whether the virulence of the virus seems to be waning, both Drs. Michael Ryan and Maria Van Kerkhove rejected such claims. The genetic studies do not support such a mutational shift. Instead, they attribute the change in the numbers to public health measures that have thus far been employed.

https://www.wsws.org/en/articles/2020/06/02/coro-j02.html

The only people making out like bandits without guns are the corporations and billionaires….plus the workers are losing ground every day thanx to the capitalists…..

Another 2.1 million workers in the United States filed for unemployment benefits last week, according to the US Labor Department. This brings the total number of workers filing for jobless benefits to 40.8 million in the ten weeks since the pandemic led to the closure of much of the country’s economic activity in mid-March.

This number, which substantially understates the real scale of joblessness, is still a shocking 24.7 percent of the country’s labor force of 164.5 million people. Economists expect that May’s official unemployment rate, which will be released next Friday, will hit 20 percent, up from 14.7 percent in April.

Estimates of the real jobless rate exceed the historic record of 24.9 percent set in 1933 during the depths of the Great Depression. Millions of jobless workers are not counted in the official toll because they are undocumented immigrants, self-employed or so-called gig workers. Others not counted include those working part-time jobs and those who have given up looking for non-existent jobs. In addition, millions are not counted as unemployed because overwhelmed state agencies have not processed their claims, depriving them of any jobless benefits.

https://www.wsws.org/en/articles/2020/05/29/pers-m29.html

Chicken CEOs got caught with their wallets showing……

One of America’s top chicken industry CEOs could be caged for up to 10 years as part of a federal antitrust investigation. Pilgrim’s Pride CEO Jayson Penn was indicted Wednesday along with former company vice president Roger Austin for alleged price-fixing, the Wall Street Journal reports. Mikell Fries, president of Claxton Poultry Farms, and vice president Scott Brady were also indicted. Prosecutors say the men, part of a “network of suppliers and co-conspirators,” conspired to fix prices and rig bids on the “broiler chickens” that were sold to grocery stores and restaurants between 2012 and 2017, reports CNN. The charge carries a maximum penalty of 10 years in prison and a $1 million fine.

“Particularly in times of global crisis, the division remains committed to prosecuting crimes intended to raise the prices Americans pay for food,” Makan Delrahim, assistant attorney general for the Department of Justice’s Antitrust Division, said in a statement. “Executives who cheat American consumers, restaurateurs, and grocers, and compromise the integrity of our food supply will be held responsible for their actions.” Shares in Pilgrim’s Pride fell 16% after the indictment and other chicken producers, including Tyson, also saw major drops. Penn is the highest-profile exec to be indicted by the antitrust division since former Chesapeake Energy CEO Aubrey McClendon, who died in a car crash the day after he was indicted in 2016, Bloomberg reports.

Thanx to all the lay-offs and unemployment….consumer spending is way down…..

US consumer spending plunged by a record 13.6% in April as job cuts from virus paralyzed economy.

And yet with all the horrible economic news Trump is still leading Biden…and Biden is losing his grip…..

U.S. President Donald Trump is trusted more than Democratic nominee Joe Biden to handle the economy, polls show, even with more than 40 million Americans filing jobless claims and growth stalled due to the coronavirus pandemic.

Some Biden supporters fear that vulnerability could intensify if Trump becomes the face of an economic recovery as the country re-opens after shutdowns, giving the Republican president’s re-election prospects a boost when he needs it most.

Biden is expected to release a large-scale recovery plan in the coming weeks. Democrats are watching closely to see if his message matches the moment, saying the party’s presumptive nominee needs to ramp up criticism of Trump’s response to the pandemic and show leadership for moving forward.

https://www.reuters.com/article/us-health-coronavirus-biden-idUSKBN2351AC

Two thoughts…..what could Joe put in his “Recovery Plan”?  And second….why would Trump still be favored with the economy after he has crapped on everything that made it a great one?

Then there are the wealthy that are making billions during the pandemic……

The American Enterprise Institute’s (AEI) Michael Strain wrote an op-ed in the New York Times recently explaining how “The American Dream Is Alive and Well,” and that in his opinion this nation has, “bigger issues than inequality.” Strain’s piece is part of the paper’s new pandemic-era series called “The America We Need” and engages in a set of impressive mental gymnastics to conclude that it ought to be of no concern that the rich are getting richer and that it would be better to focus instead on, “the relatively slow rate of productivity growth,” or “the long-term decline in male employment.”

Michael Strain is incredulous over our fixation on the concentration of wealth at the top, asking, “Do Americans really care as much about inequality as the attention by media and liberal politicians suggest?” He adds, “Given that income inequality has been stagnant or declining over the most recent decade, the timing… is odd” for a conversation “about whether inequality suggests that capitalism itself is broken.” However, inequality continues to steadily rise—a fact it seems the pro-free-market American Enterprise Institute is hoping we ignore.

For America’s Wealthiest, the Pandemic is a Time to Profit

Thanx to the virus lock down our sewers are paying the price…..

Mayor Jim Kenney kicked off a recent briefing on Philadelphia’s coronavirus response with an unusual request for residents: Be careful what you flush. Between mid-March, when the city’s stay-at-home order was issued, and the end of April, most of the 19 sewer and storm water pumping stations in Philadelphia experienced clogs from face masks, gloves, and wipes residents had pitched into the potty, Kenney said. “Please do not flush any of these items down the toilet,” the mayor said. Officials in other US cities and rural communities—and the Environmental Protection Agency—have issued similar pleas as wastewater plant operators report a surge of stopped-up pipes and damage to equipment, the AP reports.

The problem has sharpened the longstanding clash over whether wipes are suitable for flushing. While drain clogs aren’t new, most of the more than 15 cities contacted by the AP said they’ve become a more costly and time consuming headache during the pandemic. “When everyone rushed out to get toilet paper and there was none … people were using whatever they could,” said Pamela Mooring, spokeswoman for DC Water, the system in the nation’s capital. In Houston, officials say sanitary sewer overflows jumped 33% between February and March in Houston because of clogs from rags, tissues, paper towels, and wipes.

A Tip….the 3Ps….put only puke, poop and pee in the toilet and you will have no problems.

I Read, I Write, You Know

“lego ergo scribo”

Closing Thought–25May20

Today we remember our veterans and those lost in combat…..I will wait for the traditional day….

This Memorial Day eCard - Free Memorial Day Cards Online

News success for our workers (sarcasm)….nearly 40 million unemployed….

More than 2.4 million people applied for US unemployment benefits last week, per the AP. That means roughly 38.6 million people have now filed for jobless aid since the coronavirus forced businesses to shrink their workforces, the Labor Department said Thursday. The figure is slightly below last week’s revised total of 2.7 million claims, notes the Wall Street Journal. An additional 2.2 million people sought aid under a new federal program for self-employed, contractor, and gig workers, who are now eligible for jobless aid for the first time. The continuing stream of job cuts reflects an economy that is sinking into the worst recession since the Great Depression. The nonpartisan Congressional Budget Office estimated this week that the economy is shrinking at a 38% annual rate in the April-June quarter. That would be by far the worst quarterly contraction on record.

During April, US employers shed 20 million jobs, eliminating a decade’s worth of job growth in a single month. The unemployment rate reached 14.7%, the highest since the Depression. Millions of other people who were out of work weren’t counted as unemployed because they didn’t look for a new job.

What better time than a pandemic to lay-off health care workers…..(again…sarcasm)……

Even as American deaths from COVID-19 exceed 90,000 and frontline health care workers are needed more than ever, hospitals and other medical facilities, guided by market forces, are closing or laying off large sections of their workforces.

The US Commerce Department reported at the end of April that health care spending by consumers had dropped by 18 percent during the first quarter of 2020. This is the largest drop since records began in 1959, contributing substantially to the annualized 4.8 percent decline in US gross domestic product. Morgan Stanley forecasts a breathtaking 37.9 percent decline in GDP during the second quarter

https://www.wsws.org/en/articles/2020/05/22/hosp-m22.html

An update…..the number of deaths should read 96,000+…….

But not to worry those parasites on Wall Street are still making money hand over fist while the rest of us suffer…..

While many Americans are facing financial hardship due to the coronavirus outbreak, US billionaires saw a boost in net worth in the first two months of the pandemic, according to a new report.

According to the report, published on Thursday by the left-leaning think tanks Americans for Tax Fairness and the Institute for Policy Studies, the total net worth of all US billionaires got a $434 billion boost since March 19, when many US states were placed on lockdown.

According to Forbes, 623 billionaires live in the US, including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates, Facebook co-founder Mark Zuckerberg, investor Warren Buffett, and Oracle founder Larry Ellison. The report indicates that just those top five billionaires saw their wealth increase by a total of $75.5 billion, or 19%. 

https://www.businessinsider.com/us-billionaires-434-billion-richer-during-pandemic-report-2020-5

Ain’t an oligarchy great?  (Once again…..sarcasm)….

Sorry for the bad news…..someone has to tell you since the government does not want to….

Be Well….Be Safe….Be Informed

I Read, I Write, You Know

“lego ergo scribo”

Pullman Strike

What does that mean?

126 years ago yesterday, 11May, workers of the Pullman Company went out on strike…….

It was a general strike against the railroads and was squashed by Pres. Cleveland and the use of federal troops…..

The Pullman Company built and leased passenger train cars, thousands of which were in operation around the United States by 1893. George Pullman also built a planned community or company town for his workers in Illinois, where workers enjoyed many amenities but were also financially dependent on the Pullman Company for their homes and utilities.

After a severe depression in 1893, wages fell about 25 percent for the Pullman workers while living costs remained the same. The workers then sought out union representation. Former railroad worker Eugene V. Debs and his American Railway Union, which had won a strike earlier in 1894, became involved in the Pullman situation. The May 11 “wildcat” strike wasn’t directly organized by the ARU, but Debs and the union quickly became involved in the strike as it escalated.

https://constitutioncenter.org/blog/on-this-day-the-pullman-strike-changes-labor-law

The Pullman Strike of 1894 was a milestone in American labor history, as the widespread strike by railroad workers brought business to a standstill across large parts of the nation until the federal government took unprecedented action to end the strike. President Grover Cleveland ordered federal troops to crush the strike, and dozens were killed in violent clashes in the streets of Chicago, where the strike was centered.

Key Takeaways: The Pullman Strike

  • Strike affected rail transportation nationwide, essentially bringing American business to a halt.
  • Workers resented not only cut in wages, but management’s intrusiveness into their personal lives.
  • The federal government became involved, with federal troops being sent to open railroads.
  • Massive strike changed how Americans viewed relationship of workers, management, and the federal government.

https://www.thoughtco.com/the-pullman-strike-of-1894-1773900

This strike helped launch the political career of Eugene Debs…..an eventual presidential candidate that opposed Wilson in 1912….

I know….who?

Outspoken leader of the labor movement, Eugene Debs opposed Woodrow Wilson as the Socialist Party candidate in the 1912 Presidential Election. Later, he would continue to rally against President Wilson and his decision to take American into war — and be jailed for it under the Espionage Act.

Debs was born in Terre Haute, Indiana in 1855, the son of poor Alsatian immigrants. Though his parents encouraged an intellectual spirit, Debs left high school after one year to become a locomotive paint-scraper. There, among the rough-and-tumble of railway men, Debs found his calling. From his membership in the Brotherhood of Locomotive Firemen to his role co-founding the Industrial Workers of the World (the “wobblies”), Debs raised his voice in defense of the common man

https://www.pbs.org/wgbh/americanexperience/features/wilson-eugene-debs/

Labor has given the workers ALL the benefits they have used over the last century……and now is the time for labor unions to step up and be at the front of the struggle for the people of this country.

I Read, I Write, You Know

“lego ergo scribo”