New York City digging mass graves for coronavirus victims

[wsws.org]

{The state has more cases than any country other than the United States itself. New York City, with a population of about 8.4 million people, now has more cases and deaths than mainland China, home to some 1.4 billion people and the original source of the coronavirus.}

{Even just counting deaths at home, which totaled 1,891 for the period April 1–8, an increase of about eight-fold compared to the same period last year, it is immediately clear that a substantial portion of deaths due to the coronavirus—mostly directly, some indirectly due to the overburdened health care system—is not being counted.}

As I feared and mentioned last week, it's now a reality.

{Apparently individual pine boxes stacked in a trench does not constitute “mass burials,” and is indeed dignified.}

Mayor Bill de Blasio?

Fiction, reality and the global crisis of capitalism

On Monday there seemed to be two different worlds: one based on reality and the other on fiction.

[wsws.org]

{Corporate buybacks, in fact, have been the only net source of money entering the stock market since the financial crisis in 2008, according to Brian Reynolds, chief market strategist at research firm Reynolds Strategy. Buyback programs, through which companies repurchase their own shares on the open market, can help boost share prices by reducing the amount of stock outstanding and lifting a company’s per-share earnings, though not its overall profit.}

In other words. The reality of bailouts and tax breaks to providing corporations the ability to expand and create more jobs (trickle down) have merely been a means for them expand only their incomes and bonuses. Pay careful attention to that last part! (though not its overall profit) Even while no longer being profitable. Which I'll argue they already know they will not be. They are essentially being given a free ride with the collaboration of our entire government to fleece us!

{The Fed is already buying up corporate debt, and Yellen raised yesterday the possibility that it might begin direct purchases of stocks for the first time in history. Yellen also indicated that officials at the Federal Reserve, with whom she remains in contact, are thinking about purchasing very risky corporate “junk bonds.”}

In other words. Rather than punish these corporations for their criminal acts, our government is now going to participate in the crimes with them, beyond handing over our nation treasure to them that is, but by also jumping into shit they know are going to go under which got us here in the first place. It's not enough that there have been fools with money to blow in the casino of the world market ponzi schemes, but now we are being forced to be their fools also. I can't make this shit up people! What's it going to take!?!

Voting for the nicer pedophilia aggressive womanizing war hawk Biden isn't going to stop this either. I give you 8 years of his involvement already in this from the Obama administration!

The one coauthor of this article, Joseph Kishore, is the presidential candidate of the Socialist Equality Party.