Tuesday’s news links – May 12, 2020

Julian Bear Runner, Oglala Sioux Tribe President

Indigenous Peoples

Oglala Sioux Tribe is “Ready to Stand Against Foreign Intrusion” Native News Online

South Dakota Governor Doubles Down On Her Anti-Native Reputation By Targeting Tribes’ Covid-19 Checkpoints The Appeal

Coronavirus: South Dakota Sioux refuse to take down ‘illegal’ checkpoints BBC

Federal Court Upholds Ruling Blocking Construction of Keystone XL and Other Oil and Gas Pipelines Bold Nebraska

Federal Watchdog to Examine Official’s Role in Tribal Fund Distribution NYTimes

Contrary to Claims “Cuomo’s Order Actually Ends the Eviction Moratorium” Institute for Public Accuracy

Cargo ship sailors press-ganged into keeping the world’s trade afloat Guardian 

CALL TO ACTION: Protect Palestinian-American researcher Ubai Aboudi from Israeli military detention NLG

US has only brought destruction to Asia, East Asia, Southeast Asia: Analyst PressTV

Bill Dores, a writer for Struggle-La Lucha, made the comments in an interview with Press TV on Monday, after the US Navy has warned China to stop “bullying” foreign ships in the South China Sea as two American warships sailed into the midst of a dispute in the contested waterway near Chinese territorial waters.

Coronavirus

A Late-Breaking Bulletin From PBS: “For Many Americans, Health Insurance is Tied to a Job” CounterPunch

Passenger blasts United Airlines for yet another packed flight amid coronavirus New York Post

Capitalist crisis

Musk Reopens Tesla’s Plant, Dares Authorities to Arrest Him Bloomberg

The Real Unemployment Rate Is Worse Than Trump Will Tell Us Washington Monthly

Farms to kill 2 million chickens in MD, DE Macon Telegraph

Vermont Dairy Farmers Give Away 4,000 Gallons of Milk Seven Days Vermont

The debt dilemma Michael Roberts

In the current coronacrisis, the slump is accompanied by high global debt, both public, corporate and household. The Institute of International Finance, a trade body, estimates that global debt, both public and private, topped $255tn at the end of 2019. That is $87tn higher than at the onset of the 2008 crisis and it is undoubtedly going to be very much higher as a result of the pandemic. As Robert Armstrong of the FT put it: “the pandemic poses especially big economic hazards to companies with highly leveraged balance sheets, a group that now includes much of the corporate world. Yet the only viable short-term solution is to borrow more, to survive until the crisis passes. The result: companies will hit the next crisis with even more precarious debt piles.”


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