It's morally repulsive how corporations are exploiting this crisis. Workers will suffer
Key Excerpts from Article on Website of The Guardian (One of the UK's leading newspapers)
Posted: March 30th, 2020
Before the coronavirus virus crushed the US stock market, the Republican senator Richard Burr apparently used information he gleaned from his role as chairman of the Senate intelligence committee about the ferocity of the coming pandemic to unload 33 stocks held by him and his spouse. They were estimated at being worth between $628,033 and $1.72m. While publicly parroting Trumps happy talk at the time, Burr confided to several of his political funders that the disease would be comparable to the deadly 1918 flu pandemic. When society faces a common threat, exploiting a special advantage is morally repugnant. Call it Burring. The coronavirus should have altered business as usual. But last weeks Senate Republican relief package, giving airlines $58bn and billions more to other industries, is pure Burring. Walmart, the largest employer in America, doesnt give its employees paid sick leave. 88% of Walmart employees report sometimes coming to work when sick. None of the giants of the fast-food industry McDonalds, Burger King, Pizza Hut, Duncan Donuts, Wendys, Taco Bell, Subway gives their workers paid sick leave, either. Amazon, one of the richest corporations in the world, which paid almost no taxes last year, is offering unpaid time off for workers who are sick. These corporations have made sure they and other companies with more than 500 employees are exempt from the requirement in the House coronavirus bill that employers provide paid sick leave.
Note: Read a New York Times article for further information on how Senator Burr, the head of the US Senate Intelligence Committee, after being briefed of impending disaster, unloaded $1 million in investments while telling the public everything was fine. Read an article in The Atlantic showing how the Coronavirus is giving the world's leaders a rich opportunity for a power grab. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus pandemic from reliable major media sources.