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Fed officials mobilize to reassure Wall Street

Top officials of the US Federal Reserve, starting with chairman Jerome Powell, have pulled out all stops to reassure financial markets there will be no immediate tightening of monetary policy, and the flow of money that has sent Wall Street to record highs will continue.

Nick Beams

Deutsche Bahn: GDL union announces industrial action

Train drivers and crews, who worked continuously during the coronavirus pandemic at great risk to their health and lives, now want to prevent paying for the company’s losses, as demanded by management.

Peter Schwarz

Workers Struggles: Europe, Middle East & Africa

Strikes in France against power company EDF over privatisation, by interns at hospitals against long working hours and at national rail company over pay and conditions; strike continues at Fiat Plastic in Serbia against pay cuts after workers form own union; German bus drivers in Rhineland-Palatinate on indefinite pay strike; further UK stoppages at Jacobs Douwe Egberts against “fire and Rehire” and Driver and Vehicle Licensing Agency over COVID safety

Biden funnels pandemic relief funds into strengthening the police

On Wednesday, President Biden announced that he will allow states and localities to divert the $350 billion earmarked for pandemic relief in his American Rescue Plan to hire more police and purchase new equipment for their police departments.

Trévon Austin

US seizes PressTV.com and 32 other Iranian media website domains

In a provocative act of censorship and imperialist gangsterism, the Biden administration took control of three dozen internet domains and shut down websites affiliated with Iran-based media organizations on unsubstantiated grounds of “disinformation campaigns and malign influence operations.”

Kevin Reed

COVID-19 outbreak worsens in Taiwan amid vaccine row

In addition to the big business-driven chaos of the government’s response to the pandemic, the island’s vaccine supply has been subordinated to the Biden administration’s drive to use Taiwan as a tool to confront Beijing.

Jerry Zhang

Holler: What deindustrialization has left behind

The film follows a sister and brother living in deindustrialized Jackson, Ohio, as they struggle to scrape together enough money for the younger sibling to attend school.

Genevieve Leigh

Gilbert Poole Jr. exonerated after 32 years in Michigan prison

Poole’s conviction was vacated after years of work by the WMU-Cooley Innocence Project to throw out unscientific “bite mark analysis” and to bring to light DNA evidence proving he did not kill Robert Mejia in Pontiac, Michigan, in 1988.

Eboni Davis

Nervous tremor on Wall Street

The overall sentiment in the market, as is the case in all speculative bubbles until they burst, is that the “good times” will persist, as the Fed continues to pump out more money, enabling the continuation of the historically unprecedented enrichment of the financial oligarchy.

Nick Beams

Workers Struggles: The Americas

Staff at the National Education Association are decrying strikebreaking by the largest US teachers union while workers in Uruguay staged a protest against the right-wing government of President Luis Lacalle Pou.

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