@EthnicMediaSvc goes live right now with our weekly Friday news briefing: "Inflation to Recession." Speakers include Alix Gould-Werth, Washington Center for
Equitable Growth, Dr. Rakeen Mabud, Groundwork Collaborative @rakeen_mabud @alixgouldwerth
And Chad Stone, Center for Budget and Policy Priorities @ChadCBPP
Mega corporations are taking advantage of inflation to raise prices on consumers. Profit margins are at an all time high. @rakeen_mabud Small businesses cannot compete with the Walmart down the street.
Market power, the threat of war is the means for profiteering by mega corporations. @rakeen_mabud
The world's shipping oligarchy earned $53 billion last year and expects to earn four times that this year. @rakeen_mabud @Groundwork
Artificially pushing the economy into recession by raising inflation rates would be catastrophic. @rakeen_mabud @Groundwork #inflation #recession #pricegouging
Can President Biden call out companies to lower prices, asks @PilarMarrero of @EthnicMediaSvc
Are we in a recession? asks Chad Stone of the Center for Budget and Policy Priorities. @ChadCBPP @CBPP He defines it as a decline in economic activity.
Supply chain shocks, oil price shocks are very hard on vulnerable groups. @ChadCBPP
Black and Latino unemployment rates are high, says @ChadCBPP analyzing today's jobs report. Economy had slowed in 2020, but American Rescue Plan gave juice to recovery.
Forecasts suggest we will be in a short, shallow recession, but it will still be damaging to the most vulnerable folks. @ChadCBPP
The Covid recession impacted women, people of color, and the LGBTQ community than the nation at large, says @alixgouldwerth
Many who are affected by recession are ineligible for safety net programs. Onerous application and criteria, and too little money. Undocumented people are rarely eligible for federal funds. @alixgouldwerth
The unemployment insurance system is starved for resources. The tax base has eroded. @alixgouldwerth @equitablegrowth "We don't have enough money to pay for benefits, so states are going to make benefits pretty stingy."
Unemployment insurance can't stabilize the economy if workers can't access benefits. "Imagine putting food on the table with only 40 percent of your income. @alixgouldwerth @equitablegrowth
"Our unemployment insurance system is broken. We are relying on band-aids. When public support fails, vulnerable families have few options." @alixgouldwerth @equitablegrowth "We are not prepared for the next crisis."
Rising wages only comprise about 8 percent of price inflation, says @rakeen_mabud of @Groundwork collaborative
Wages are not driving inflation, says @ChadCBPP Workers at the bottom of the pay scale have not benefitted.
There are significant scarring effects for years after a recession, says @rakeen_mabud "Even if its a mild recession, there are people getting badly hurt," says @ChadCBPP

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More from @EthnicMediaSvc

Jun 9
🗣️Tomorrow at 11am PST we'll look at #LatinAmerica and why this region-undergoing dramatic change-is critical to U.S. interests. Follow via FB Live fb.me/e/1Ln7gUeOh @globalexchange @Peninsula360P @christinefolch @MigrationPolicy ethnicmediaservices.org/media-briefing… #SummitOfAmericas
Last call! Briefing starts at 11AM PST. Our panel - Ted Lewis of @globalexchange, @ruizags with @MigrationPolicy, @christinefolch of Duke U and @ManuOrtizE of @Peninsula360P - will discuss the social, political and climate changes impacting Latin America. Join us!
Welcome to today's briefing, "Why #LatinAmerica Matters to the U.S." You can follow the conversation here or via FB Live fb.me/e/1Ln7gUeOh.
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May 27
A tribute to Vincent Chin begins at 11 a.m. PT today. Watch here: fb.me/e/1xXAk2MAY
Only 15 percent of police departments acknowledge that there are hate crimes. Data collection is poor, says Mike German of the @BrennanCenter
The news media, politicians were talking about "the threat China posed." It was not fringe groups, it was members of Congress, says Mike German, explaining the roots of anti-Asian hate. #StopAsianHate #HateCrime
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May 12
🗣️Tomorrow at 11am we'll be looking at what the leaked #SCOTUS opinion on #Roe could mean for AAPI women. Follow the convo @EthnicMediaSvc and fb.me/e/3bVwAnUkg @aaaj_alc @NAPAWF @RepJudyChu @RepJayapal ethnicmediaservices.org/media-briefing… Image
In just under 10 mins we'll be discussing the leaked #RoeVWade opinion and what a repeal of the landmark case could mean for #AAPI women. Follow us @EthnicMediaSvc or via FB Live: fb.me/e/3bVwAnUkg Image
Welcome to today's briefing on what the potential repeal of #RoevWade could mean for #AAPI women. Remember you can follow the conversation via FB live 👉fb.me/e/3bVwAnUkg
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May 6
How real is the threat of #NuclearWar ?
In 30 minutes, @EthnicMediaSvc goes live with four eminent experts on the issue: @mklare1 Michael Klare @DarylGKimball @AndrewNynka @ArmsControlNow Watch here: fb.me/e/1s0hx3u35
We are in a heightened state of nuclear danger, says @DarylGKimball Putin has made nuclear threats which are unprecedented.
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Apr 28
This morning, @EthnicMediaSvc in collaboration with @NAMIFlorida will address the alarming rise of suicides in Florida. Watch live on Facebook: fb.me/e/3YlFsjNdE
"We must bring suicide out of the shadows," says @EthnicMediaSvc founder Sandy Close. #Mentalhealth #Miami #stigmafree #BetterTogether #NotAlone #SuicidePrevention #SuicideAwareness
Susan Racher of @NAMIFlorida says community engagement and support are highly effective in preventing suicides. @nami is organizing a walk for suicide support in downtown Miami May 21
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Apr 22
🌧️At 11am PST we'll be looking at the ramifications for California of what is the worst #drought to hit the western US in over a millennium. Follow via FB Live fb.me/e/1MyzANlHL and @EthnicMediaSvc
Learn more 👉bit.ly/3OqYDrL Image
Welcome to today's briefing, "Not a Drop to Drink: California Faces Worst #Drought in 1,200 Years." You can follow the conversation via FB Live fb.me/e/1MyzANlHL #EarthDay
Our first speaker today is @rajendrashende, Chairman, @terreindia and former director of the United Nations Environment Program, who will be speaking about the global impacts of the #drought
Read 47 tweets

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