Reforming Capitalism

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Meatpacking plants are exploiting the coronavirus crisis with toxic capitalism. John Iadarola and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.nytimes.com/2020/06/16/business/meat-industry-china-pork.html "Smithfield Foods was the first company to warn in April that the coronavirus pandemic was pushing the United States “perilously close to the edge in terms of our meat supply.” Tyson Foods also sounded the alarm, saying that “millions of pounds of meat will disappear” from the nation’s supply chain as plants were being forced to close because of outbreaks." #TheDamageReport #JohnIadarola #TheYoungTurksJune 18

The Trump administration lied to you about where the stimulus money is really going. Watch and learn more. John Iadarola and Ana Kasparian break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.commondreams.org/news/2020/06/11/speaking-looting-trump-admin-refuses-disclose-corporate-recipients-500-billion "Progressive critics and advocacy groups are responding with alarm and anger to the Trump administration's refusal to disclose the names of more than 4.5 million companies that have collectively received over $500 billion in corporate bailout money through a federal program created to provide businesses with relief from the coronavirus pandemic. The over $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act signed by President Donald Trump in March established the Paycheck Protection Program (PPP) with $349 billion in funding for forgivable loans. After the initial capital ran out in just 13 days, lawmakers approved $310 billion more—though over $130 billion of that amount was still left as of Tuesday. Although, as the Washington Post reported, the Small Business Administration (SBA) "typically discloses names of borrowers from the loan program" on which the PPP is based, Treasury Secretary Steven Mnuchin testified to the Senate Committee on Small Business and Entrepreneurship that he won't be following that model for the Covid-19 program, despite concerns about which companies are benefiting from it." #TheDamageReport #JohnIadarola #TheYoungTurksJune 12

Las Vegas casinos reopen and count the masks in this video. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.poynter.org/reporting-editing/2020/are-coronavirus-cases-increasing-again/ "We let down our collective guard and now we will pay for it. 20 states have seen increases in COVID cases in the last five days. Globally, new cases are going up by 100,000 per day. In fact, May 30, the world recorded the most new cases on any given day since the pandemic began — 134,064. If anything close to this trend continues, you have to wonder what the threshold will be for states and cities to reinstate stay-at-home orders and close businesses again, just as they are starting to reopen. Moreover, it is difficult to predict how people would react if governments did attempt to impose new restrictions. Journalists, I hope you will ask those questions at the daily briefings. We don’t know yet how much of a connection there is to the nationwide protests unfolding across America. It may take a few weeks before we notice a related increase, if there is one. You also have to consider that the new cases nationwide are rising at the same time that retail and businesses are opening up. It could be a combination of factors at work." #TheDamageReport #JohnIadarola #TheYoungTurksJune 8

Donald Trump is trying to hide his trash economy. John Iadarola and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.washingtonpost.com/opinions/2020/06/05/may-jobs-report-good-news-bad-news-scariest-chart-youll-see/ "The bad news? We may have started filling in the hole, but that hole remains very, very deep. I bring you the scariest jobs chart you will see all …" #TheDamageReport #JohnIadarola #TheYoungTurksJune 5

CNBC’s squawk box erupts on-air over US coronavirus priorities. John Iadarola and Jayar Jackson break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.mediaite.com/tv/cnbc-segment-explodes-as-andrew-ross-sorkin-accuses-joe-kernen-of-being-in-the-tank-for-trump-during-crisis-100000-people-died/ "A CNBC debate over the stock market completely exploded early Wednesday, with two Squawk Box hosts throwing down in a vicious debate which saw one accusing the other of being in the tank for President Donald Trump. During an intense discussion punctuating the show’s opening segment, Joe Kernen and Andrew Ross Sorkin battled over the recent stock market rally. Kernen accused Sorkin of being overly pessimistic, and going out of his way to find negative market indicators. Sorkin countered by arguing that “a lot of smart people” are questioning how the market could be so high despite the devastating impact the coronavirus has had on the economy." #TheDamageReport #JohnIadarola #TheYoungTurksMay 27

Rich people are the f*$%ing worst, solving their pressing privileged problems during quarantine. John Iadarola and Jordan Uhl break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.bloomberg.com/news/articles/2020-05-22/dilemma-for-high-flyers-how-to-travel-safely-to-your-yacht?utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_source=twitter "It’s a modern quandary for the ultra-wealthy: a yacht awaits at harbor, but how to safely reach it without risking exposure to the germ-ridden masses? Global aviation company VistaJet has a solution. Spurred by member demand, clients can reserve a freshly sanitized jet to fly them to a yacht moored in Malta (where, as it happens, VistaJet is based). Lest anyone be worried that the island nation itself is germ-ridden, a press release notes that “The World Health Organization singled out Malta as a role model for other countries in the fight against Covid-19.” Malta is the only destination for this service, so if your yacht is moored in Antibes or Porto Cervo, you’re out of luck. But if you’re the type of person who’s serious about yachting during a pandemic, then Malta is probably a place you should check out. In addition to multiple yacht marinas and a mild Mediterranean climate, the country levies zero taxes on income or capital gains earned outside Malta and there’s no estate tax, making it a popular choice for the ultra-rich when it comes to buying a second citizenship. Yes, buying. A Maltese passport can be yours for just 1.2 million euros ($1.3 million) in cash and property." #TheDamageReport #JohnIadarola #TheYoungTurksMay 26

Trump advisor outs the White House's disgusting unemployment outlook. John Iadarola and Jordan Uhl break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.rollingstone.com/politics/politics-news/trump-economic-advisor-hassett-human-capital-stock-1004909/ "While discussing whether the U.S. economy might recover this fall after the coronavirus downturn, a Trump economic advisor referred to the American worker as “human capital stock.” Senior White House Economic Adviser Kevin Hassett made the wildly insensitive remark, first flagged by Aaron Rupar on Twitter, on Sunday after CNN’s Dana Bash asked whether unemployment numbers would remain in double digits come November. “Our capital stock hasn’t been destroyed, our human capital stock is ready to get back to work, and so there are lots of reasons to believe that we can get going way faster than we have in previous crises,” Hassett said." #TheDamageReport #JohnIadarola #TheYoungTurksMay 26

Fox News' Pete Hegseth leaves his tower in a desperate attempt to save his safe space. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.mediaite.com/tv/foxs-pete-hegseth-covers-nj-gym-violating-shutdown-to-reopen-you-guys-have-been-a-voice-for-millions/ "With the coronavirus pandemic keeping businesses in a state of shutdown, it’s been a while since Fox & Friends has been able to hold one of their diner segments. But Monday morning, Pete Hegseth ventured to a New Jersey gym that is reopening in defiance of the government shutdown in place because of the the coronavirus pandemic. Since last week, Fox News has conducted multiple interviews with Atilis Gym co-owner Ian Smith, who announced that he will defy the mandates of Governor Phil Murphy and re-open his facility. Hegseth travelled to Bellmawr to spend Monday morning covering the reopening and crowd of anti-lockdown protesters that gathered there to celebrate. Hegseth interviewed Smith ahead of the reopening, who once again defended his decision and said “we’re sick and tired of having our rights trampled on.” Smith and his business partner both wore masks during the interview, but Hegseth did not. The conversation happened in close proximity with the protesting crowd, many of whom were not shown wearing protective equipment and appeared way too close together to be adhering to social distancing." #TheDamageReport #JohnIadarola #TheYoungTurksMay 18

GOP senator clings to crumbling capitalism. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.commondreams.org/news/2020/05/11/gop-senator-who-voted-trump-tax-cuts-and-corporate-slush-fund-now-says-not-enough "A top Republican senator who had no qualms with voting for a $1.5 trillion tax cut for the rich or a multi-trillion-dollar corporate slush fund said Sunday that, as millions of people across the U.S. struggle to afford basic necessities, there is "not enough money" to provide relief to everyone harmed by the coronavirus pandemic. "There's not enough money to help everybody hurt when you shut down the government," Sen. Lamar Alexander, a Tennessee Republican and chairman of the Senate Health, Education, Labor and Pensions Committee, said in an appearance on NBC's "Meet the Press." "We have to reopen the economy, we have to do it carefully, we have to let people go back to work and earn a living," said Alexander. "And I don't see us being able to appropriate much more money to help provide a counter to that."" #TheDamageReport #JohnIadarola #TheYoungTurksMay 11

Donald Trump's utter carelessness is poisoning American food supplies. John Iadarola and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.theguardian.com/environment/2020/apr/20/no-way-food-safety-not-compromised-us-regulatory-roll-backs-during-covid-19-criticised "The US government is accelerating controversial regulatory rollbacks to speed up production at meat plants, as companies express growing alarm at the impact of Covid-19 on their operations. Last week Smithfield shut down one of the largest pork plants in the country after hundreds of employees contracted the coronavirus. The plant in South Dakota – whose output represents 4–5% of US pork production – is reported to be the largest single-source coronavirus hotspot in the US, with more than 600 cases. In response, the company said it was “critical” for the meat industry to “continue to operate unabated”. Now it has emerged that as a wave of plants announce closures, US meat plants are being granted permission to increase the speed of their production lines. This comes despite warnings that the waivers for higher speeds on slaughter and processing lines will compromise food safety." #TheDamageReport #JohnIadarola #TheYoungTurksApril 24

The US Postal Service is on the brink of collapse. John Iadarola and Michael Shure break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.commondreams.org/news/2020/04/23/working-save-democracy-postal-service-reaffirms-policy-delivering-mail-ballots-even "The U.S. Postal Service on Wednesday once again confirmed why it is far and away the most popular government institution in the nation—and why it must be rescued from imminent collapse. In a statement, USPS reiterated its longstanding policy of delivering absentee and mail-in ballots even if they lack adequate postage. "It is the Postal Service's policy not to delay the delivery of completed absentee or vote-by-mail ballots even if no postage has been affixed or if the postage is insufficient," the agency said. "In cases where a ballot enters the mailstream without the proper amount of postage," the USPS said, "the Postal Service will collect postage from the appropriate Board of Elections." Civil rights groups argue that requiring voters to pay for postage for mail-in and absentee ballots is unconstitutional. In a federal lawsuit filed against Georgia election officials earlier this month, the ACLU called the state's requirement that voters pay for postage on mail-in ballots "tantamount to a poll tax."" #TheDamageReport #JohnIadarola #TheYoungTurksApril 23

How will Bernie Sanders supporters vote in the general election? John Iadarola and David Sirota break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.nbcnews.com/politics/2020-election/progressive-youth-groups-issue-list-demands-joe-biden-n1179401 "WASHINGTON — Seven progressive groups made up of young activists wrote a letter to Joe Biden, the apparent Democratic presidential nominee, with a set of aggressive demands spanning policy and personnel to earn their support in the general election against President Donald Trump. The letter, which comes hours after Sen. Bernie Sanders, I-Vt., ended his campaign, tells Biden that his pitch to "return to normalcy" won't earn the trust of younger generations or inspire them to vote, arguing that they were already falling behind economically before Trump took office. "Exclusively anti-Trump messaging won't be enough to lead any candidate to victory. We need you to champion the bold ideas that have galvanized our generation and given us hope in the political process," read the letter, signed by the Alliance for Youth Action, Justice Democrats, the March for Our Lives Action Fund, NextGen America, Student Action, the Sunrise Movement and United We Dream Action." #TheDamageReport #JohnIadarola #TheYoungTurksApril 17

Donald Trump rejects desperate pleas from the US Postal Service. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.commondreams.org/news/2020/04/12/sanders-says-congress-must-stop-trump-exploiting-covid-19-crisis-bankrupt-and "Sen. Bernie Sanders on Sunday urged Congress to act immediately to stop President Donald Trump from using the novel coronavirus outbreak "as an opportunity to bankrupt and privatize the Postal Service," a longstanding goal of the conservative movement. "Now, more than ever, we need a strong and vibrant postal system to deliver mail 6-days a week," tweeted Sanders, a senator from Vermont. "Congress must act now to save it." Sanders' call comes as the Postal Service is warning that it will completely run out of cash within the next several months if Congress doesn't act swiftly to provide relief. The USPS has been hit hard by the sharp decline in mail volume caused by the COVID-19 pandemic, Postmaster General Megan Brennan told the House Oversight and Reform Committee in a briefing Thursday." #TheDamageReport #JohnIadarola #TheYoungTurksApril 13

Donald Trump considers allowing coronavirus to 'wash over' the US. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.businessinsider.com/trump-considered-allowing-the-coronavirus-to-wash-over-the-us-2020-4 "President Donald Trump weighed allowing the novel coronavirus to "wash over" the US as he considered strategies for dealing with the growing crisis in March, The Washington Post reported. In a Situation Room meeting on March 14 — the same day Trump extended his travel ban to the UK and the Republic of Ireland in a bid to slow the spread of the pandemic — Trump reportedly suggested allowing the US to develop "herd immunity." The controversial approach, advocated by some experts at the time, involved letting the disease spread on the assumption that many would develop only mild symptoms and widespread immunity to the disease would begin to build." #TheDamageReport #JohnIadarola #TheYoungTurksApril 13

Donald Trump turns desperate American citizens into lab rats for his own profit. How is he getting away with this? John Iadarola and Jayar Jackson break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://lawandcrime.com/covid-19-pandemic/major-producer-of-hydroxychloroquine-once-paid-michael-cohen-hefty-sum-for-access-to-trump/amp/?__twitter_impression=true "President Donald Trump on Sunday once again touted the potential life-saving benefits of treating coronavirus patients with hydroxychloroquine, a powerful anti-malaria drug, despite a dearth of medical professionals or clinical evidence supporting his claims. It just so happens that one of the largest manufacturers of the drug, Novartis, previously paid Trump’s now-incarcerated former personal attorney Michael Cohen more than $1 million for healthcare policy insight following Trump’s election in 2016. The Swiss drug maker signed a contract that paid Cohen’s newly formed limited-liability corporation Essential Consultants $100,000 per month in February of 2017. After details of the deal were leaked by the now-jailed Michael Avenatti, whose then-client Stormy Daniels was engaged in a legal dispute with the president, the company’s CEO issued a public apology saying Novartis “made a mistake” in contracting with the president’s personal attorney." #TheDamageReport #JohnIadarola #TheYoungTurksApril 7

Alexandria Ocasio-Cortez exposes the horrific fate of unemployed Americans. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://theintercept.com/2020/03/27/coronavirus-rent-suspension-evictions-bill-payments/ "ON WEDNESDAY, APRIL 1, rent payments will be due for the first time since the coronavirus outbreak was declared a pandemic — yet even with unemployment at a record high, major bill payments have barely factored into U.S. politicians’ response to the crisis. On Friday, the House passed an emergency multi-trillion dollar relief package, which was approved by the Senate on Wednesday night and will now head to President Donald Trump’s desk. It’s about five times bigger than Barack Obama’s 2009 stimulus and represents a massive upward transfer of wealth. Though it includes a significant expansion of unemployment benefits and a onetime check of up to $1,200 for individuals and $2,400 for couples, it’ll take up to three weeks for people to begin receiving those relief checks, according to Treasury Secretary Steven Mnuchin. That will be too late for the nearly 3.3 million people who filed for unemployment benefits last week, and others who have become underemployed as a result of the pandemic." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 30

Geraldo forces kool-aid down America's throat. John Iadarola and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.mediaite.com/tv/fox-news-hosts-side-with-trump-in-fight-with-coronavirus-besieged-ny-gov-cuomo-take-what-you-can-get/ "Fox & Friends backed President Donald Trump in his fight with New York Governor Andrew Cuomo, after the president dismissed calls for more ventilators to be sent to the state worst hit by the growing coronavirus pandemic. “Andrew Cuomo saying 4,000 ventilators, what am I going to do with 4,000, I need 30,000. Take the 4,000 Governor Cuomo. It’s a start,” Geraldo Rivera said on Fox & Friends Friday morning. “My city has been hurt and people are really afraid,” Rivera continued. “But let’s get on the same page… This is not time for partisanship, not the time for politics. Rally around the commander in chief, he’s the wartime president, let’s win this war.” Fox & Friends host Ainsley Earhardt agreed, accusing governors of “playing the blame game.” “I think it’s not time to do the blame game, take what you can get, and then we’ll worry about the rest in the coming days,” she added." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 27

Watch Bernie Sanders lay into the GOP for their relentless effort to punish poor Americans. John Iadarola and Michael Shure break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.commondreams.org/news/2020/03/26/watch-fiery-floor-speech-sanders-rips-gop-relentless-efforts-punish-poor-people "In a fiery speech on the Senate floor Wednesday ahead of the chamber's passage of a massive coronavirus stimulus bill, Sen. Bernie Sanders ripped his Republican colleagues for doing everything in their power to ensure that poor and vulnerable people receive less financial assistance than they desperately need in this moment of nationwide crisis. "Now I find that some of my Republican colleagues are very distressed. They're very upset that somebody who's making 10, 12 bucks an hour might end up with a paycheck for four months, more than they received last week," Sanders said, referring to the group of Republican senators who threatened to delay passage of the stimulus bill over its temporary expansion of unemployment benefits, which they described as overly generous." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 26

Steve Mnuchin shuns jobless Americans. John Iadarola and Michael Shure break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.mediaite.com/tv/steven-mnuchin-calls-record-unemployment-claims-not-relevant-on-cnbc/ "U.S. Secretary of the Treasury Steven Mnuchin said that record unemployment claims were “not relevant” during an interview with Jim Cramer and David Faber on CNBC Thursday. “We knew the jobless claims was not going to be a good one. I am curious what your thoughts were when you saw that 3.283 million number this morning?” asked Faber. “To be honest with you, I just think these numbers right now are not relevant whether they’re bigger or smaller in the short term,” Mnuchin responded. “Obviously, there people who have jobless claims, and, again, the good thing about the bill is the president is protecting those people,” Mnuchin added, referring to the coronavirus stimulus aid package, which was passed on Wednesday night. “They had no choice, now with this bill passed by Congress, there are protections, and as I said, hopefully, those workers will be rehired, but between these three programs, it protects all of American workers.”" #TheDamageReport #JohnIadarola #TheYoungTurksMarch 26

Texas Lt. Governor Dan Patrick wants grandparents to sacrifice themselves in order to help US economic efforts. John Iadarola and Jayar Jackson break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.nbcnews.com/news/us-news/texas-lt-gov-dan-patrick-suggests-he-other-seniors-willing-n1167341 "Dan Patrick, Texas’ Republican lieutenant governor, on Monday night suggested that he and other grandparents would be willing to risk their health and even lives in order for the United States to “get back to work” amid the coronavirus pandemic. “Those of us who are 70 plus, we’ll take care of ourselves. But don’t sacrifice the country,” Patrick said on Fox News’ “Tucker Carlson Tonight.” His comments followed President Donald Trump’s statements about the country returning to business in weeks rather than months. Patrick, who said he will turn 70 next week, said that he did not fear COVID-19, but feared that stay-at-home orders and economic upheaval would destroy the American way of life. “No one reached out to me and said, 'As a senior citizen, are you willing to take a chance on your survival in exchange for keeping the America that America loves for its children and grandchildren?' And if that is the exchange, I'm all in,” Patrick said." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 24

Donald Trump threatens to cancel quarantine efforts. What does this mean for the American people? John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.nytimes.com/2020/03/23/us/politics/trump-coronavirus-restrictions.html "President Trump on Sunday night said that the government would reassess the recommended period for keeping businesses shut and millions of workers at home after this week, amid millions of job losses caused by the efforts to contain the spread of the novel coronavirus. “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF,” Mr. Trump tweeted in all capital letters shortly before midnight. “AT THE END OF THE 15 DAY PERIOD, WE WILL MAKE A DECISION AS TO WHICH WAY WE WANT TO GO!” Officials have said that the initial 15-day period for social distancing — limiting close contact between people by banning gatherings, closing schools and offices, encouraging remote work and urging people to maintain a six-foot distance from one another — is vital to slowing the spread of the virus, for which more than 30,000 people in the United States have tested positive. The 15-day period would end Monday." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 23

Fox News can't take it anymore as they give up on saving humanity. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.nytimes.com/2020/03/23/us/politics/trump-coronavirus-restrictions.html "President Trump on Sunday night said that the government would reassess the recommended period for keeping businesses shut and millions of workers at home after this week, amid millions of job losses caused by the efforts to contain the spread of the novel coronavirus. “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF,” Mr. Trump tweeted in all capital letters shortly before midnight. “AT THE END OF THE 15 DAY PERIOD, WE WILL MAKE A DECISION AS TO WHICH WAY WE WANT TO GO!” Officials have said that the initial 15-day period for social distancing — limiting close contact between people by banning gatherings, closing schools and offices, encouraging remote work and urging people to maintain a six-foot distance from one another — is vital to slowing the spread of the virus, for which more than 30,000 people in the United States have tested positive. The 15-day period would end Monday." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 23

Members of Congress knew of the upcoming economic downturn before it happened causing many to quickly sell off stock. Which begs the question: Should members of Congress be allowed to own stock? John Iadarola and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.businessinsider.com/aoc-burr-resign-sold-stock-before-markets-fell-coronavirus-2020-3?utm_source=reddit.com "Rep. Alexandria Ocasio Cortez called for the resignation of Sen. Richard Burr after a ProPublica report revealed the US Senator sold off up to $1.72 million in stocks after reassuring the public of the United States' preparedness during the coronavirus outbreak. Burr, who serves as chairman of the Senate Intelligence Committee, sold between $628,000 and $1.72 million of stock before the market fell as a result of mounting fears from the coronavirus pandemic, ProPublica reported. "As Intel chairman, [Sen. Burr] got private briefings about Coronavirus weeks ago," Cortez tweeted. "Burr knew how bad it would be. He told the truth to his wealthy donors while assuring the public that we were fine." "THEN he sold off $1.6 million in stock before the fall. He needs to resign," she continued." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 20

Tucker Carlson copes as stock market drops. His coping involves attacking Mitt Romney? John Iadarola and Jordan Uhl break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.mediaite.com/tv/tucker-carlson-hits-1000-a-month-proposal-backed-by-romney-well-meaning-but-foolish/ "Fox News’ Tucker Carlson talked tonight about alleviating the economic consequences of the spread of the coronavirus, slamming the idea of a “guaranteed basic income” after Senator Mitt Romney backed that idea today. Most people heard about this idea when Andrew Yang was running for president with his big idea of a universal basic income (UBI) of $1000 a month for every American. Considering how harmful the economic impact of the coronavirus is across the country, many others like Romney are embracing the idea. The Utah senator said in a statement today, “Every American adult should immediately receive $1,000 to help ensure families and workers can meet their short-term obligations and increase spending in the economy.”" #TheDamageReport #JohnIadarola #TheYoungTurksMarch 17

Stock market crashes as Donald Trump's fix fails. What does this mean for the Trump administration? John Iadarola breaks it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.npr.org/2020/03/16/816382835/stocks-shudder-despite-emergency-measures "U.S. stock indexes fell sharply Monday after the Federal Reserve aggressively cut interest rates to near zero in a bid to stop the economy from crashing. The Dow Jones Industrial Average was down about 1,800 points, or nearly 8%, as coronavirus measures rapidly expanded. The S&P 500 index fell nearly 11% after temporary trading halts were lifted on the New York Stock Exchange, but later recovered somewhat to a drop of about 7%. A 7% drop in the S&P 500 automatically forces trading to stop for 15 minutes, which has happened three times in the past week. Earlier in the morning, the Dow dove more than 2,700 points, or nearly 12%. The plunge wiped out Friday's nearly 2,000-point gain in the Dow. The drops on Wall Street follow steep falls in Europe, where stock indexes were down as much as 11% Monday. Oil prices fell 5% to about $30 per barrel. They're down 50% so far this year." #TheDamageReport #JohnIadarola #TheYoungTurksMarch 16

Mike Bloomberg just rejoined several elitist all-white clubs. John Iadarola and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.mediaite.com/politics/mike-bloomberg-rejoins-predominantly-white-exclusive-private-members-clubs-he-resigned-from-while-running-for-mayor/ "2020 Democratic presidential candidate Mike Bloomberg has quietly rejoined several private members clubs that he resigned from while running for Mayor of New York in 2001. In 2001, the New York Times reported that Bloomberg had resigned “from four exclusive clubs in Manhattan and Westchester County that have predominantly white memberships,” before launching his campaign for mayor. Those clubs were the Century Country Club, the Harmonie Club, the Brook Club, and the Racquet and Tennis Club. Following the resignations, a campaign spokesman for Bloomberg said in a statement that “Mike feels that the clubs he is currently a member of have inclusive admission policies that are consistent with his personal beliefs.” Despite the fact that Bloomberg made a point of resigning from those clubs at the time, he has began to gradually rejoin them over the past few years, according to the Huffington Post." #TheDamageReport #JohnIadarola #TheYoungTurksFebruary 14

This true story exposes questionable US espionage in the US-China technological cold war. John Iadarola and Mara Hvistendahl break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.amazon.com/Scientist-Spy-Story-Industrial-Espionage-ebook/dp/B07S2N5G27 “In September 2011, sheriff’s deputies in Iowa encountered three ethnic Chinese men near a field where a farmer was growing corn seed under contract with Monsanto. What began as a simple trespassing inquiry mushroomed into a two-year FBI operation in which investigators bugged the men’s rental cars, used a warrant intended for foreign terrorists and spies, and flew surveillance planes over corn country—all in the name of protecting trade secrets of corporate giants Monsanto and DuPont Pioneer. In The Scientist and the Spy, Hvistendahl gives a gripping account of this unusually far-reaching investigation, which pitted a veteran FBI special agent against Florida resident Robert Mo, who after his academic career foundered took a questionable job with the Chinese agricultural company DBN—and became a pawn in a global rivalry. Industrial espionage by Chinese companies lies beneath the United States’ recent trade war with China, and it is one of the top counterintelligence targets of the FBI. But a decade of efforts to stem the problem have been largely ineffective. Through previously unreleased FBI files and her reporting from across the United States and China, Hvistendahl describes a long history of shoddy counterintelligence on China, much of it tinged with racism, and questions the role that corporate influence plays in trade secrets theft cases brought by the U.S. government. The Scientist and the Spy is both an important exploration of the issues at stake and a compelling, involving read.” #TheDamageReport #JohnIadarola #TheYoungTurksFebruary 7

CGI influencers are taking over the Internet. John Iadarola, Jayar Jackson, and Jesselyn Cook break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.huffpost.com/entry/virtual-instagram-influencers-sponcon_n_5e31cbefc5b6328af2ef97fd "In a weeklong #SponCon blitz, an Instagram influencer raved to his followers about the “ice-cold, refreshing” taste of Dr Pepper, how “there’s no better way to sleep” than on a Casper mattress, the way Old Spice makes him “look good and feel good,” and how TurboTax helped him secure a $3,194 federal tax refund last spring. In each post he dons a signature cream suit and coiffed silver hair, and dutifully discloses that a brand sponsored his endorsement. But he has never tasted soda, or taken a nap, or filed taxes. He’s not a real person — and his posts appear to break the law. “Sexy Colonel Sanders,” as he has come to be known, is a computer-generated marketing gimmick operated by KFC to promote its fried chicken (though he has scored outside brand deals, too). Lifelike in appearance, he’s among a growing number of so-called “CGI influencers” who shill everything from apparel to cupcakes to exotic birds. Some are run by ad agencies and are not tied to any one brand, while others are run by brands themselves. Balmain even created its own “virtual army” to model its clothing. Like their real-world counterparts, CGI influencers post selfies and memes, use slang and divulge “personal” information to connect with their audiences. Their humanlike behavior is part of an effort to make their sponsored endorsements seem more genuine, and they appeal to brands in part because they’re less prone to scandal than actual people. As these automated figures gain hordes of followers and claim their turf in the world of influencer marketing — which is projected to hit $15 billion in two years — advertising watchdogs worry this kind of marketing misleads consumers and is against the law.” #TheDamageReport #JohnIadarola #TheYoungTurksFebruary 5

Mike Bloomberg has an awkward encounter with a dog. John Iadarola and Jayar Jackson break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.elle.com/culture/career-politics/a30694214/michael-bloomberg-dog-shake/ "Hello, police?! While on the campaign trail recently Michael Bloomberg met a dog and it was ruff. Please send help. Okay, I'm just going to relay the facts as they present themselves in the video. Michael Bloomberg was in Vermont, shaking hands with Vermonters, wiping maple syrup on his pants leg, shaking more hands, et cetera. A dog was also there. Bloomberg then decided that the right thing to do would be to grip the dogs snout and shake it, handshake-style, and, unfortunately, I believe that we need to lock the man in Arkham Asylum immediately. I'm not even being political but this is disqualifying. What is the thought process? This is like that brain teaser that asks if horses wore pants whether they're wear them on the back legs or all the legs. That's a subject for the Supreme Court, of course, but the question of which part of a dog you shake is not up for debate! Can you imagine closing a big business deal and instead of gripping Logan Roy's hand, you stuck your entire hand in his mouth and wiggled the top of his head up and down? That's what's happening here. You know who will not get a kiss from daddy? Michael Bloomberg." #TheDamageReport #JohnIadarola #TheYoungTurksJanuary 29

The soaring Dow means absolutely nothing to just about everyone. John Iadarola breaks it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport Read more here: https://www.nbcnews.com/business/markets/dow-soars-past-29-000-first-time-brushing-weak-jobs-n1113481?cid=sm_npd_nn_tw_ma "The Dow Jones Industrial Average hit a new record high Friday, crossing past 29,000 for the first time. The blue-chip index passed the 28,000 mark just 37 days ago. “11,000 points gained in the Dow in the 3 years since the Election of President Trump," President Donald Trump tweeted on Friday morning ahead of the milestone. "Today it may hit 29,000. That has NEVER happened before in that time frame. That has added 12.8 Trillion Dollars to the VALUE of American Business.” @Varneyco @FoxNews The best is yet to come!” The new milestone for the 30-member index came after a disappointing monthly government labor report, with just 145,000 jobs gained for the month of December, sluggish gains in annual wage growth, and downward revisions for November and October job totals. The Dow hit 28,000 on Nov. 15 and needed just 48 points Friday to breach the 29,000 mark, having flirted with the number all day Thursday after a de-escalation in the conflict with Iran soothed investor fears, energy prices settled, and Apple posted record gains on higher-than-expected sales in China. Gains in Apple, Goldman Sachs, and healthcare stocks helped push the index upwards." #TheDamageReport #JohnIadarola #TheYoungTurksJanuary 16

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