Thursday’s news links – Oct. 29, 2020

MOVE member Pam Africa blames police for not deescalating encounter with Walter Wallace Jr. Philadelphia Inquirer

At least 7 taken to hospital as busing issues leave many waiting in the cold after Trump rally ABC7

“Is there any place you would rather be than a Trump rally on about a 10-degree evening?” the president asked.

‘You Age Like Trash When You’re Racist’: Black Activist Vs. Kansas City Board of Police Commissioners. It Wasn’t a Contest The Root

Covid Takes Center Stage at the World Series Dave Zirin

When a Kidnapping Ring Targeted New York’s Black Children NYTimes

Economy/Unemployment

‘Bills or food’: crisis mounts for unemployed Americans Guardian

Trump or Biden’s big economic challenge: millions of struggling Americans Reuters

Trump Rocked By Jobless Claims Over 750,000 In Last Report Before Election

China

China’s growth challenge Michael Roberts

The reason that the NY Fed as well as many Keynesian and other critics of the Chinese ‘miracle’ are so sceptical is that they are seeped in a different economic model for growth. They are convinced that China can only be ‘successful’ (like the economies of the G7!) if its economy depends on profitable investment by privately-owned companies in a ‘free market’ where consumption rules over investment. And yet the evidence of the last 40 and even 70 years is that a state-led, planning economic model that is China’s has been way more successful than its ‘market economy’ peers such as India, Brazil or Russia.

Indigenous Peoples

What Tecumseh Fought For Philip Deloria

The ghosts of forgotten histories haunt America’s heartland, begging to be remembered and exorcised. George Floyd’s Minneapolis, as we have lately come to understand, has never been a harmless Midwestern town of grains and lakes. The enslaved Dred Scott’s eighteen-thirties sojourn at Fort Snelling (now part of the Twin Cities) and his subsequent return downriver to Missouri gave rise to the nation’s most notorious Supreme Court decision, Dred Scott v. Sandford, which ruled that Black Americans—slave or free—had “no rights which the white man was bound to respect.” Floyd, who died choking on that assertion, was from North Carolina by way of Houston, and the string of memorials following his death sent a mourning cry out of Minnesota back along Dred Scott’s path, downriver to the South before turning east toward the Atlantic and the distant memory of Africa.

Times Editorial Lets Slip Joe Biden’s Latin America Policy: More Obama-Style Coups MPN

Luis Arce and Evo Morales

Bolivia

Evo Morales will return to Bolivia on November 9 Peoples Dispatch

North Korea defends Venezuela’s Nicolas Maduro UPI

Trump threatens to destroy any Iranian missiles shipped to Venezuela after President Maduro announced plan to buy more weapons after UN arms embargo expired Daily Mail

Wall Street

S&P 500 Tumbles in Worst Stock Rout in Four Months: Markets Wrap Bloomberg

Wall Street sinks 3%, Dow at late July lows as pandemic surges Reuters

Treasuries -Yields flat in spite of major stock sell-off Reuters

Oil plunges over 5% to four-month low as pandemic surges, U.S. crude output soars Reuters

See yesterday’s news links here


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