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#GreatDepression

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my dad (who is active with the Workers’ History Museum in Ottawa) asked me to share this Vancouver showing of one of their films tomorrow, June 3 at VIFF Centre here in #Vancouver
"Featuring hundreds of archival photographs and extracts from multiple historical sources [...]
Filmmaker Juan Andrés Bello will be in attendance and joined in conversation afterwards by representatives from the BC labour sector."
viff.org/whats-on/never-forgot

Today in Labor History May 26, 1895: American photojournalist Dorothea Lange was born. She is best-known for her empathetic photographs of people during the Great Depression. However, she is also one of the first to document the suffering of Japanese Americans who were imprisoned during World War II.

Lange grew up poor, in New York’s Lower East Side. She was one of the only gentiles in her school, which was predominantly Jewish. As a young adult, she moved to San Francisco, where she began her career doing portraits for the wealthy. But as the depression began, she turned her camera to the streets, on hobo camps, refugees from Oklahoma, farmers, breadlines, the homeless, portraying the misery and desperation of the period, becoming one of the first photodocumentarians. 22 of her photographs were used in John Steinbeck’s 1936 journalistic series for the San Francisco news, The Harvest of Gypsies, and they served as an inspiration for the film version of Steinbeck’s Grapes of Wrath.

💞✍️💞 FOR YOUR READING PLEASURE! 💞✍️💞

Click through for a nifty little slide show video I put together just for you - it has glitches but go easy on me, it's my first one. 😊

Also there's a link about Nobel Laureate Geoffrey Hinton, and his prognosis for AI - some good, some scary.

Lastly, my plea for your financial support, sorely needed. 🙏♥️

👉👉👉 CLICK HERE! 👉👉👉 mailchi.mp/af647449c7f3/the-co.

Economic ‘Miracle?’ Yup, but not the way we expected!

Hannah Erin Lang of the Wall Street Journal reported that “the #Trump rout is taking on historic dimensions.”

She noted that the Dow Jones Industrial Average “is headed for its worst April performance since 1932,” when the country was in the midst of the #GreatDepression.

Scott Ladner, chief investment officer at Horizon Investments, told Lang: “It’s impossible to commit capital to an economy that is unstable and unknowable because of policy structure.”

#recession #Depression #stockmarket #economy
heathercoxrichardson.substack.

Today in Labor History April 14, 1935: The Black Sunday dust storm swept across the Oklahoma and Texas panhandles. This was one of the worst storms of the Dust Bowl. 4 years later, on this same date, John Steinbeck published his classic working-class novel, The Grapes of Wrath, about Dust Bowl refugees in California.

#workingclass #LaborHistory #dustbowl #GreatDepression #JohnSteinbeck #GrapesOfWrath #refugees #poverty #fiction #books #author #writer #Oklahoma #texas @bookstadon

#USPol

So after driving the world's largest economy off a cliff, causing precipitous declines in the stock markets for two days, what did Trump choose to do?

He took another long weekend off to cheat at golf, of course. Why should his lifestyle be affected by the chaos and destruction he's unleashing?

Note: when a billionaire [1] says there may be some short-term pain due to his economic policies, he means pain for you. Never him, or his buddies.

And finally, on his way back to D.C., he made a few remarks about the economy and markets, claiming everything was fine. The chilling part is that his words made absolutely clear that he does not understand the difference between a trade deficit and a budget deficit.

I'll repeat that for those in the back: THE MAN IN COMMAND OF THE MACHINERY THAT CONTROLS THE US ECONOMY DOES NOT KNOW THAT A TRADE DEFICIT AND A BUDGET DEFICIT ARE DIFFERENT THINGS.

After understanding that, if you still believe that his actions are going to result in a stronger US economy after some "short term" pain, I have a bridge to sell you.

[1] I don't think Trump was actually a billionaire before the last election. He had lots of claimed-expensive assets, but was leveraged heavily on almost everything. His net worth was probably low hundreds of millions, max. But he's grifted massively since then, and probably is now..

Wall Street thinks Trump's tariffs will eat Main Street alive

“It’s hard to think of any occasion when America dealt itself such a self-inflicted economic wound.

Silver Bulletin wasn’t around for the Smoot-Hawley tariffs of 1930, which helped to catalyze the #GreatDepression. But the tariffs that President #Trump announced just after markets closed on Wednesday, which triggered the fifth-largest point drop in the history of the Dow Jones Industrial Average on Thursday — with further massive losses underway today — are bigger than #SmootHawley.”

natesilver.net/p/wall-street-t