Joseph Stiglitz: Ending Unemployment Benefits as Pandemic Rages Is Cruel & Hurts Economic Recovery

As unemployment benefits for millions of U.S. workers expired on Labor Day, with many states suffering the worst surge of the pandemic, economist Joseph Stiglitz says it’s “disturbing” federal aid was allowed to lapse. “This is going to feed into the problems posed by the Delta variant.” Stiglitz also talks about whether Federal Reserve Chair Jerome Powell should stay in the job, saying he has done a “reasonable job” during the pandemic but has a tendency “to side with Wall Street and engage in deregulation.” Source link

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Hurricane Ida Slams Native Communities in Louisiana as New Orleans Loses Electricity & COVID Rages

This is a rush transcript. Copy may not be in its final form.AMY GOODMAN: This is Democracy Now!, democracynow.org, The War and Peace Report. I’m Amy Goodman. Hurricane Ida, one of the most powerful storms ever to hit the United States, roared ashore Sunday in southern Louisiana in an area dominated by the oil industry that’s also home to many Native communities. The storm brought a seven-foot storm surge, 150-mile-per-hour winds and up to two feet of rain to parts of the Gulf Coast. It was so powerful, it completely knocked out power to a million people, including the entire city of New Orleans, and reversed the flow…

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