Tag: Andrew Perez

A Potential COVID Game-Changer

Mary Pat Campbell

Link:https://www.dailyposter.com/a-potential-covid-game-changer/

Excerpt:

Progressive lawmakers are calling on President Joe Biden to take advantage of the fact that the U.S. Army’s new pan-coronavirus vaccine recipe is not restricted by intellectual property restrictions and share the information with the world.

According to the Army, early research shows that the Spike Ferritin Nanoparticle (SpFn) vaccine, developed by scientists at the Walter Reed Army Institute of Research, can “provide broad protection” against COVID-19 and future variants. The SpFn vaccine must still undergo Phase 2 and 3 of human trials, but if it proves successful, distributing the new vaccine around the globe could be a game-changer in the fight against the COVID pandemic.

Author(s): WALKER BRAGMAN, ANDREW PEREZ

Publication Date: 1 Feb 2022

Publication Site: Daily Poster

Fossil Fuel Investments Are Burning California Pensioners

Mary Pat Campbell

Link: https://www.dailyposter.com/fossil-fuel-investments-are-burning-california-pensioners/

Graphic:

Excerpt:

California’s two biggest pension funds have invested a staggering $43 billion in fossil fuel companies, and their opposition to divesting from the industry — including fighting legislation that would have stopped them investing in firms involved with the controversial Dakota Access Pipeline (DAPL) — has cost retirees and taxpayers billions, research shows.

The findings hammer home the fact that the divestment movement isn’t just about protecting the planet from the worst effects of climate change. With the oil, gas, and coal industries all on the decline, pension funds’ refusal to divest from fossil fuels is also endangering the retirement savings of teachers, government employees, and other rank-and-file public workers who have paid into these funds.

….

While it is common knowledge that fossil fuel stocks have underperformed the broader stock market, large bank stocks have been lackluster as well — including the banks that helped finance DAPL.

If CalPERS and CalSTRS had not opposed the original DAPL divestment legislation, they could have instead put pressure on the companies involved not to move forward with the pipeline, and such efforts might have been enough to stop the project, given the pipeline project’s turbulent history.

Author(s): MATTHEW CUNNINGHAM-COOK, ANDREW PEREZ

Publication Date: 11 Jan 2022

Publication Site: The Daily Poster

Corporate Dems Show Progressives How To Play Hardball

Mary Pat Campbell

Link: https://www.dailyposter.com/p/corporate-dems-show-progressives

Graphic:

Excerpt:

As The Daily Poster reported back in January, congressional Democrats in states like New York and New Jersey have been pushing for a repeal of the SALT deduction caps. Biden declined to include the SALT cap repeal in the American Rescue Plan. 

If the SALT cap was fully repealed, nearly all — 96 percent — of the tax benefits would flow to the top quintile of earners, and more than half of the benefits would go to the top 1 percent of earners, according to data from the Brookings Institution. Congress’s Joint Committee on Taxation found that the majority of the benefits of a SALT cap repeal would flow to households earning more than $1 million.

Author(s): David Sirota, Andrew Perez

Publication Date: 31 March 2021

Publication Site: The Daily Poster

Report: FBI Now Probing Cuomo’s Corporate Immunity Law

Mary Pat Campbell

Link: https://www.dailyposter.com/p/report-fbi-now-probing-cuomos-corporate

Excerpt:

The probe follows a Daily Poster investigative series detailing how one of Cuomo’s biggest donors, the Greater New York Hospital Association (GNYHA) — a lobby group that represents hospital systems and nursing home operators — said it “drafted and aggressively advocated for” the corporate immunity provision. Cuomo’s administration quietly inserted the measure into his state’s budget as thousands lay dying from COVID-19 in New York nursing homes. 

Critics say that the immunity law removed a key deterrent to corporate malfeasance, and victims and their families were subsequently stripped of their legal rights. Cuomo’s original executive order shielding front line health care workers from lawsuits was widely reported, but not the governor’s separate budget language extending immunity to hospital and nursing home corporations’ executives and board members. 

Author(s): David Sirota, Joel Warner, Andrew Perez, Julia Rock

Publication Date: 18 March 2021

Publication Site: Daily Poster

The American Rescue Plan’s Money Cannon Is Great, But Not Enough

Mary Pat Campbell

Link: https://www.dailyposter.com/p/the-american-rescue-plans-money-cannon

Graphic:

Excerpt:

As a spending bill, the ARP’s impact cannot be overstated. It is the mirror opposite of the Trump tax cuts, targeting most of its benefits to the bottom end of the income ladder, rather than the top. It will send stimulus checks up to $1,400 to an estimated 280 million Americans, continue additional $300 weekly unemployment benefits until the end of August, and distribute up $3,600 to families per child through monthly payments over one year beginning on July 1.

These three measures are expected to increase the incomes of the poorest 20 percent of Americans by an average of 33 percent, while the poorest 60 percent could see their incomes increase by an average of 11 percent, according to estimates from the Institute on Taxation and Economic Policy. One estimate suggests that the legislation will slash child poverty in half.

Author(s): David Sirota, Julia Rock, Andrew Perez

Publication Date: 11 March 2021

Publication Site: The Daily Poster