[Marxism] The Commercial Real-Estate Market's Impending Crash

[Dennis Brasky via Marxism]

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Gurnee Mills is a sprawling, 1.93 million-square-foot outlet mall in
Gurnee, Illinois, about 45 miles north of Chicago. In better times, it was
a bustling shopper’s mecca. It underwent a $6 million renovation in 2018,
and managed, in recent years, to replace its departed anchor stores, like
TJ Maxx. But in 2019, citing a rise in mall vacancies and a decline in cash
flow, the credit rating agency Fitch Ratings downgraded its outlook to
“negative,” meaning the agency believed Gurnee Mills would be unlikely to
repay its $260.3 million loan.

That loan was packaged into a commercial mortgage-backed security, or CMBS.
In the process, the loan itself was divided into pieces (called *tranches*
, French for “slices”)
and sold to banks like Wells Fargo and Credit Suisse. Securities like that
one are at the center of concerns about the roughly $1 trillion in debt
tied to shopping malls. Gurnee Mills is an example of a nationwide
phenomenon: many malls are at risk of defaulting on loans, which could pose
a serious problem for the financial sector.

https://daily.jstor.org/the-commercial-real-estate-markets-impending-crash/

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[Marxism] Background to George Floyd killing

[Louis Proyect via Marxism]

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https://tinysubversions.com/spooler/?url=https://twitter.com/facloungepop/status/1265437166823337984


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[Marxism] Salt in the Wound – Spectre Journal

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The crisis that triggered the global pandemic is a radical crisis for 
global neoliberalism. Unlike the climate crisis, which has begun to 
unfold slowly, the ongoing viral crisis emerged suddenly and without 
warning. In both cases, we can observe an unexpected relationship 
between humans and nature, as well as a contradiction between use value 
and value—theoretical concepts we will elaborate in what follows. To 
measure the impact of the crisis, we must first consider it in 
comparison to governmental responses to the 2008 crisis. Then we will 
explore how and why it puts at risk the capacity of capitalism to 
provide the necessary use values ​​to guarantee social reproduction. 
Finally we ask, what will be the international impact of this crisis?


https://spectrejournal.com/salt-in-the-wound/

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[Marxism] Minneapolis Transit Shuts Down as Bus Drivers Refuse to Help Police - Prison Labor Replaces Meatpackers in Louisiana - DC Giant Stores Remove Social Distancing – Payday Report

[Louis Proyect via Marxism]

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https://paydayreport.com/minneapolis-transit-shuts-down-as-bus-drivers-refuse-to-help-police-prison-labor-replaces-meatpackers-in-louisiana/

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[Marxism] Jair Bolsonaro is a threat to Brazil and global health

[Ken Hiebert via Marxism]

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Statement initiated in Brazil and signed by many in other countries.
ken h

http://www.internationalviewpoint.org/spip.php?article6633 

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[Marxism] Trump and the huge virus outbreak among workers

[Dennis Brasky via Marxism]

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Two days later, an April 28 executive order

by
the Trump administration — by way of Trump invoking the Defense Production
Act (DPA) — encouraged meat plants to reopen. Nearly a month later, and
more than half of the 30 meat processing plants that were closed have
reopened. Yet all has not gone well: according to a Washington Post analysis
,
the
number of coronaviruses cases among Tyson workers has gone from under 1,600
a month ago to more than 7,000.

https://www.alternet.org/2020/05/how-a-trump-order-led-to-a-huge-coronavirus-outbreak-among-workers/
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[Marxism] Derek Chauvin was subject of complaints before George Floyd’s death

[Louis Proyect via Marxism]

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https://nypost.com/2020/05/28/cop-in-george-floyds-death-was-the-subject-of-10-complaints/

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[Marxism] WalterRodney, Guerrilla Intellectual

[Dennis Brasky via Marxism]

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Walter Rodney’s radical thought and activism led to his eventual killing by
a bomb in Guyana, in 1980.


https://daily.jstor.org/walter-rodney-guerrilla-intellectual/

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[Marxism] forget Covid-19 -Trump's gutting of environmental rules will lead to hundreds of thousands of deaths

[Dennis Brasky via Marxism]

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https://www.alternet.org/2020/05/trumps-gutting-of-environmental-rules-will-lead-to-hundreds-of-thousands-of-deaths/

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[Marxism] Trump Said, ‘I Have the Best Words.’ Now They’re Hers. - The New York Times

[Louis Proyect via Marxism]

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https://www.nytimes.com/2020/05/27/arts/television/trump-sarah-cooper.html

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[Marxism] If You Do Not Feel for Humanity, You Have Forgotten to Be Human: The Twenty-Second Newsletter (2020).

[Louis Proyect via Marxism]

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https://mailchi.mp/thetricontinental.org/if-you-do-not-feel-for-humanity-you-have-forgotten-to-be-human-the-twenty-second-newsletter-2020?e=77bd6c9887

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[Marxism] Minneapolis Police, Long Accused of Racism, Face Wrath of Wounded City

[Louis Proyect via Marxism]

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SNAPQUOTE:

One of the biggest challenges to reforming the department, analysts say, 
is the city’s powerful police union. It established its power in local 
politics in the 1970s, when Charles A. Stenvig, a former head of the 
Police Officers Federation of Minneapolis, served three terms as mayor 
on a “law and order” platform.


Lt. Bob Kroll, the head of the union, was accused in Chief Arradondo’s 
lawsuit of calling a black congressman who was Muslim a “terrorist” and 
of wearing a motorcycle jacket with a badge that said “white power.” 
Lieutenant Kroll did not respond to messages seeking comment.


-

NY Times, May 28, 2020
Minneapolis Police, Long Accused of Racism, Face Wrath of Wounded City
By Matt Furber, John Eligon and Audra D. S. Burch

MINNEAPOLIS — Earlier in his career, the African-American chief of the 
Minneapolis police sued his own department, accusing the leadership of 
tolerating racism. Once he took charge, he vowed to make mending 
relations with the city’s black residents a priority.


But the department, with its long history of accusations of abuse, finds 
itself under siege again after a video captured a black man suffocating 
beneath the knee of a white officer, with three other officers failing 
to intervene.


Medaria Arradondo, the chief, swiftly fired all four men on Tuesday and 
called for an F.B.I. investigation once the video showed that the 
official police account of the arrest of the man, George Floyd, bore 
little resemblance to what actually occurred.


But quelling the community rage has been a challenge.

Hundreds of protesters poured into the Minneapolis streets for a second 
night on Wednesday, with officers using tear gas and firing rubber 
bullets into the crowds. Images on television and social media revealed 
at least one business, an auto parts store, on fire and people carrying 
goods out of a store that had been vandalized.


A police spokesman told reporters that Wednesday’s protests were not as 
peaceful, and that one person in the area had been fatally shot, 
although it was unclear if the death was directly related to the 
protests. “Tonight was a different night of protesting than it was just 
the night before,” said the spokesman, John Elder.


The chaos continued into Thursday morning, with additional reports of 
businesses burning. The Star Tribune posted video showing residents 
hosing down nearby homes in an effort to prevent them from catching fire.


Some demonstrators gathered at the house of the officer who detained Mr. 
Floyd and the house of the local prosecutor, according to The Star 
Tribune. There were also protests in Memphis and Los Angeles, where law 
enforcement faced off with those who had blocked the 101 Freeway downtown.


Mr. Floyd’s death — and the recent shooting death of Ahmaud Arbery in 
Georgia — has also prompted comparisons to previous killings involving 
the police and black people, including those of Eric Garner and Michael 
Brown.


Chief Arradondo, who as a lieutenant joined a lawsuit that portrayed his 
department as a cauldron of racist behavior, has struggled to overhaul 
the department. Community activists are now calling for it to be 
federally reviewed, and for murder charges against the officers involved 
in Mr. Floyd’s arrest and death.


Excessive force complaints against Minneapolis officers have become 
commonplace, especially by African-American residents. One of the 
officers involved in Mr. Floyd’s death, a 19-year veteran of the 
department identified as Derek Chauvin, 44, had several complaints filed 
against him, three of which led to reprimands for his language and tone.


Mr. Chauvin shot a man who was trying to grab an officer’s gun in 2008, 
according to The Pioneer Press. He was also present at two other 
shootings, one of them fatal, but it was unclear if he fired his weapon 
in those cases, according to Communities United Against Police 
Brutality, a local organization advocating police reform.


African-Americans account for about 20 percent of the city’s population, 
but they are more likely to be pulled over, arrested and have force used 
against them than white residents, Police Department data shows. And 
black people accounted for more than 60 percent of the victims in 
Minneapolis police shootings from late 2009 through May 2019, data shows.


The tension between the community and the 800-plus-officer force has 
unfolded in a predominantly white and progressive metropolis, where the 
white mayor openly discusses systemic racism, the police chief is a 
black man who embraces a community-oriented approach and residents 
elected two black transgender people to a City 

[Marxism] Origins of the police - David Whitehouse

[Louis Proyect via Marxism]

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https://libcom.org/history/origins-police-david-whitehouse

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[Marxism] An ‘Avalanche of Evictions’ Could Be Bearing Down on America’s Renters

[Louis Proyect via Marxism]

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NY Times, May 28, 2020
An ‘Avalanche of Evictions’ Could Be Bearing Down on America’s Renters
By Sarah Mervosh

EUCLID, Ohio — The United States, already wrestling with an economic 
collapse not seen in a generation, is facing a wave of evictions as 
government relief payments and legal protections run out for millions of 
out-of-work Americans who have little financial cushion and few choices 
when looking for new housing.


The hardest hit are tenants who had low incomes and little savings even 
before the pandemic, and whose housing costs ate up more of their 
paychecks. They were also more likely to work in industries where job 
losses have been particularly severe.


Temporary government assistance has helped, as have government orders 
that put evictions on hold in many cities. But evictions will soon be 
allowed in about half of the states, according to Emily A. Benfer, a 
housing expert and associate professor at Columbia Law School who is 
tracking eviction policies.


“I think we will enter into a severe renter crisis and very quickly,” 
Professor Benfer said. Without a new round of government intervention, 
she added, “we will have an avalanche of evictions across the country.”


That means more and more families may soon experience the dreaded 
eviction notice on the front door, the stomach-turning knock from 
sheriff’s deputies, the possessions piled up on the sidewalk. They will 
face displacement at a time when people are still being urged to stay at 
home to keep themselves and their communities safe, with the death toll 
from the virus now having passed 100,000 in the United States.


That fear of eviction has been eating away at Sandy Naffah ever since 
she lost her income as the virus led to economic shutdowns. Ms. Naffah, 
who had been juggling two part-time jobs — teaching elementary school 
students how to read and working as a beauty consultant at a mall — 
quickly fell behind on the $800 she pays in rent each month for a 
one-bedroom apartment in Euclid, Ohio, a suburb of Cleveland.


She is now staring down a precarious future, desperately hoping that a 
one-off federal stimulus check and unemployment benefits — both of which 
she said she had yet to receive — will keep her afloat and stave off 
eviction.


“It’s a ticking clock,” said Ms. Naffah, who is in her 50s. “I can’t 
continue to go on this way, otherwise I will be out on the street.”


In many places, the threat has already begun. The Texas Supreme Court 
recently ruled that evictions could begin again in the nation’s 
second-largest state. In the Oklahoma City area, sheriffs apologetically 
announced that they planned to start enforcing eviction notices this 
week. And a handful of states, like Ohio, had few statewide protections 
in place to begin with, leaving residents particularly vulnerable as 
eviction cases stacked up or ticked forward during the pandemic.


Christie Wilson, 37, was among them. After fleeing a dangerous 
relationship, she said, she spent several months sleeping in her car 
last year before a veterans program helped her pay for a two-bedroom 
apartment in Decatur, Ga. She had recently become responsible for the 
$1,143-a-month rent herself, she said, and had lined up a job at a 
warehouse.


But after two days on the job, she said, she was laid off as the 
coronavirus outbreak intensified in March.


A few weeks later, she found an eviction notice on her door. She now 
fears losing her apartment, where, in the fragile stability of recent 
months, she has enjoyed small luxuries, like listening to gospel music 
on her patio in the mornings and spending Mother’s Day in her own home 
with her teenage son.


The real estate company managing her apartment said that it had followed 
protocol in filing for eviction, and that employees were working with 
Ms. Wilson to waive fees and help connect her to nonprofit groups. If 
she has to move out, she worries she would end up in a homeless shelter, 
where preliminary testing has shown high rates of infection.


“There would be no six-feet distance — we’d be sleeping on top of each 
other,” said Ms. Wilson, who is racing to pay back more than $2,000 in 
back rent before Georgia courts reopen next month.


Though about 90 percent of renters made full or partial rent payments by 
late May, down only 2 percent from last year, lawyers and landlords 
alike fear that the trend will not last. More than 38 million people 
have filed jobless claims since March, including a high proportion of 
people living in households making less than $40,000 a year. In a survey 
released this month by the Census Bureau, nearly a quarter of 
respondents said they 

[Marxism] You’ve Probably Heard Socialists Won’t Vote for Biden

[Louis Proyect via Marxism]

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("We may not like him, but we don't want him to lose". Gus Hall couldn't 
have put it better.)


NY Times Op-Ed,
May 28, 2020, 5:00 a.m. ET
You’ve Probably Heard Socialists Won’t Vote for Biden
Don’t listen to that. We may not like him, but we don’t want him to lose.
By Bhaskar Sunkara

Mr. Sunkara is the editor of Jacobin and the author of “The Socialist 
Manifesto.”


It’s not easy being an American socialist these days — despite the fact 
that Senator Bernie Sanders of Vermont built a movement of millions 
behind ideas we have long supported, we’re now being called out as 
potential spoilers in the November elections.


Longtime progressives, including more than 60 veterans of the 1960s 
radical organization Students for a Democratic Society, describe 
socialists — young socialists in particular — as a privileged few who 
not only reject Joe Biden but are even keen to see him lose, unconcerned 
and likely to be unaffected by another four years of President Donald Trump.


In the most generous of these narratives, we’re well-meaning naïfs, 
having failed to temper our radical visions to the pragmatic necessities 
of achieving change in the United States. This is a timeless narrative 
of youthful impetuousness. It is also a skewed portrayal of what most 
democratic socialists are doing today.


The small but resurgent socialist movement in this country is developing 
a political approach that can speak to millions of alienated Americans. 
Like center-left liberals and progressives, during the coming 
presidential election and beyond we aim to defeat right-wing populism. 
The difference is that we refuse to do so on the centrist terms that we 
believe helped create it in the first place.


Balancing these imperatives will be tricky. Michael Harrington, the 
founder of the Democratic Socialists of America, used to say that 
radicals had to walk a perilous tightrope — they risked teetering off 
into the abyss of conventional politics on the one side or falling to 
sectarian irrelevance on the other.


Neither appeared to be a danger a few months ago. A democratic socialist 
carrying both a radical spirit and legions of supporters seemed to be 
headed for the White House. The Bernie Sanders campaign scored early 
successes in the Democratic primary season and signaled the arrival of a 
new coalition in American politics — young, working class and committed 
to egalitarian policies like Medicare for All, higher taxes on the 
wealthy and free child care.


“After the Nevada Blowout, It’s Bernie’s Party Now,” read a headline I 
wrote for Jacobin, the magazine I edit, after he won that state’s caucus 
in February. We all know what happened next. Centrist leaders within the 
Democratic Party, along with millions of ordinary voters, rallied behind 
Joe Biden.


Many parts of the Sanders agenda had the support of a majority of 
Americans, but the coalition around the campaign was narrower than we 
thought. Despite the Vermont senator’s strong showing, it’s still 
President Barack Obama’s party. For now, at least.


Last month, Mr. Sanders dropped out of the race and endorsed Mr. Biden. 
For democratic socialists, what for a moment looked like an expressway 
to power has morphed back into that familiar tightrope.


According to some progressive observers, our next steps should be 
simple. Donald Trump is a fundamental threat to America, and anyone 
refusing to vote for Mr. Biden must be indifferent to the suffering of 
millions. A socialist left cannot isolate itself from a broader 
progressive movement, the argument goes, and contending for power in a 
Democratic primary means respecting the results of that primary, much as 
Mr. Sanders has.


Most Berniecrats agree with this logic: 88 percent of those who voted 
for Mr. Sanders in 2016 ended up voting for the Democratic nominee, 
Hillary Clinton, in the general election, and there’s no reason the same 
won’t happen this fall. But leftists in organizations like the 
Democratic Socialists of America face a more difficult dilemma. They are 
not merely figuring out how to vote as individuals — they are weighing 
how to use finite institutional resources to build the political 
alternatives of the future.


Most socialists are cleareyed about Mr. Trump as a threat to most 
Americans, sowing divisions among working people and marrying populist 
rhetoric to policies that only further enrich his powerful friends. Nor 
is it uncommon to hear young leftists denounce the Republican Party as 
the greatest threat to progress in the United States.


I share the belief that having Joe Biden in the White House would be far 
less damaging to most workers than 

[Marxism] [UCE] Knock It Off Gina Raimondo: Decarcerate Now! | Washington Babylon

[Andrew Stewart via Marxism]

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https://washingtonbabylon.com/raimondo-decarcerate-now/


Best regards,
Andrew Stewart 
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[Marxism] Working Hypothesis for the Political Economy of Modern Epidemics

[Eric Draitser via Marxism]

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In the forthcoming issue of the Greek journal *Marxist Textbooks,* marxist
economist Stavros Mavroudeas provides his 10-point analysis of epidemics in
the modern world.

https://marxiststudies.blog.yorku.ca/blogs/working-hypotheses-for-the-political-economy-of-modern-epidemics/
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[Marxism] Capitalist Outcomes, Ideal Types, Historical Realities in: Historical Materialism Volume 27 Issue 3 (2019)

[Louis Proyect via Marxism]

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Neil Davidson answers critics of "How Revolutionary Were the Bourgeois 
Revolutions?"


https://brill.com/view/journals/hima/27/3/article-p210_11.xml?body=pdf-29620

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[Marxism] NY State Legislature Drops Rent Cancellation Bill, Takes Up "Totally Inadequate" Measure Instead - Gothamist

[Louis Proyect via Marxism]

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Some lawmakers blame Senate Majority Leader Andrea Stewart-Cousins and 
Assembly Speaker Carl Heastie, who they say blocked the proposal from 
coming to the floor, after it was deemed a non-starter by Governor 
Andrew Cuomo.


https://gothamist.com/news/albany-rent-cancellation-bill-coronavirus

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[Marxism] COVID-19 Disorder Tracker | ACLED

[Louis Proyect via Marxism]

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https://acleddata.com/analysis/covid-19-disorder-tracker/

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[Marxism] National Guard support requested by city to combat riots in south Minneapolis | KSTP.com

[Louis Proyect via Marxism]

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https://kstp.com/minnesota-news/lake-street-target-looted-as-protests-continue-in-minneapolis-may-riots-george-floyd/5743072/

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