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Alternative Visions – Labor Day in the Era of Covid

Today’s show focuses on the condition of American Labor and Unions in the era of Covid. What’s the status of jobs, wages, benefits, union membership today, Labor Day 2020, after 6 months of Covid 19? The first part of the show dissects the August 2020 Employment Report just released this morning. What’s wrong with the statistics and paint a rosier …

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Alternative Visions – Independent Politics Momentum Grows: The Labor Slate in California

Dr. Rasmus comments briefly on the meaning of the just concluded RNC and DNC political conventions: both high on fear and short on specific proposals for ending America’s ‘Triple Crisis’ (Economy, Covid, Constitutional). The ‘Labor State’ of former and active local union leaders running for offices in local government in the San Francisco Bay Area are then welcomed and discuss …

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Alternative Visions – More Economists Predicting Great Depression

Dr. Rasmus reviews the growing number of mainstream economists now beginning to predict the current economic crisis, either is now or soon may become, another Great Depression. World Bank and Mellon Bank chief economists, Carmen and Vincent Reinhart’s forthcoming essay in the prestigious Foreign Affairs Journal is reviewed. Rasmus notes how their analysis is similar to points he’s been making …

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Alternative Visions – Trump’s Election Plan ‘B’?

As Congress goes home it now appears negotiations on a stimulus plan have collapsed, not just broken off. There may be no stimulus package before the November 3 elections. Severing negotiations means Trump’s plan not to negotiate with Democrats and Congress is no longer tactical but strategic. What’s the bigger strategy behind the growing triple crisis in America: Health, Economic …

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Alternative Visions – Slowing Jobs Recovery; Fading 3Q Rebound?

In today’s show, Dr. Rasmus comments on the growing economic cold war between US and China, on the status of the Economic Stimulus negotiations in Congress, and the latest US jobs and wage numbers released today by the US Labor Dept.  On the China-US economic war, the latest developments involving Microsoft and the forced purchase of China’s ‘TIk Tok’ by …

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Alternative Visions – 2nd Quarter US GDP Collapses & June Rebound Fading

Dr. Rasmus dissects the just released data for US economy’s 2nd quarter GDP stats, confirming his March prediction of W-shape recovery, no V-shape and no 2nd half recovery. The 4 myths are discussed: Fast recovery in 2020; US economy strong in 2019; consumer households were doing great in 2019 and will do again in 3Q20; Congress’s March 2020 Cares Act is enough …

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Alternative Visions – US Economy: Relapsing from Rebound

Dr. Rasmus discusses the latest data showing a rise once again in unemployment and benefit claims. Why it’s a harbinger of a relapse and W-shape recovery now emerging more clearly. The dual causes behind the rising job losses: covid resurgence and permanent layoffs by big corporations. A detailed review of what’s known of the status of current negotiations in Congress …

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Alternative Visions – : What Lies Ahead

Dr. Rasmus discusses his latest blog piece, ‘What Lies Ahead’ (see jackrasmus.com). The 8 factors that intermediate to long term may mean the current Great Recession experiences a major economic relapse, and W Shape trajectory in the next 6 to 18 months. More permanent 2nd jobless wave, weak Heroes Act fiscal stimulus next week, wave of unemployment benefits loss and rent evictions, …

Alternative Visions – Rebound, Relapse vs. Recovery

Dr. Rasmus explains 8 reasons why the US economic ‘rebound’ will not be a recovery. Why jobs are not recovering at rate announced by government, while mass layoffs of permanent jobs are beginning to occur amidst recalls due to economic reopening. Other reasons for W shape rebound and relapse and not robust recovery is that the 2nd surge in Covid will …