Center for Economic and Policy Research

When Will the US Own Up to Its Role in El Salvador’s Brutal Dirty War?

Center for Economic and Policy Research sent this email to their subscribers on June 13, 2024.

Southern Discomfort; Bill Mandates Jail for PE Crimes; How’s the Economy?

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Southern Discomfort; Bill Mandates Jail for PE Crimes; How’s the Economy? alt_text CEPR NEWS FOR JUNE 13, 2024 THE US MUST ACT SO THAT VICTIMS OF SALVADORAN DIRTY WAR CAN FIND JUSTICE alt_text Photo of Patricia Emilie Cuéllar Sandoval and her daughter Maite, courtesy of Lorena Valle Cuéllar. An Inter-American Court of Human Rights ruling last month declared the Salvadoran state responsible for the 1982 forced disappearances of Patricia Emilie Cuéllar Sandoval, a US and Salvadoran citizen; her father Mauricio Cuéllar Cuéllar; and Julia Orbelina Pérez, a domestic worker in their home. The ruling “marks a crucial milestone on the road to justice in forced disappearance cases during the civil war,” Lorena Valle Cuéllar writes at Jacobin, but “Nevertheless, the Salvadoran state’s policy of impunity persists as Bukele’s regime denies civil war history, refuses a transitional justice law for the victims, and blocks investigations into war crimes by the military. The United States is also guilty of contributing to this culture of impunity.” The case is personal for Valle Cuéllar: “Had Patricia survived the dictatorship, she would have been my aunt,” she writes. - Have you been forwarded this email? If so, welcome to the CEPR News! Please sign up here. CEPR News fans, help us reach new readers by spreading the word! - “... EXECUTIVES OF THE PE FIRM AND THE FAILING HEALTH CARE COMPANY WILL BE SUBJECT TO A NEW CRIMINAL PENALTY OF UP TO SIX YEARS IN PRISON.” It’s summer and the heat is on. Those living in states below the Mason-Dixon line, particularly low-income residents, face extreme heat and weather exacerbated by climate change, but governors of those states are doing little to mitigate the impact of climate change, writes Algernon Austin in a new analysis. “Although Southerners are being harmed more by climate change, Southern governors are not rising to the challenge,” said Austin. “Protective policies are needed, but many Southern governors support policies that will increase greenhouse gas emissions and deepen the problem.” ⸻ A new bill was introduced into Congress this week. Private equity expert Eileen Appelbaum welcomed the possibility that Congress could make private equity’s death grip on hospitals become a crime. In her public statement, she writes: “In the case where looting the hospital results in a patient’s death, the Corporate Crimes Against Health Care bill mandates that executives of the PE firm and the failing health care company will be subject to a new criminal penalty of up to six years in prison. “Not only does the Corporate Crimes Against Health Care bill curb the use of financial engineering strategies that endanger the integrity of the US health system; it offers justice for those harmed.” ⸻ How’s the economy doing? Dean Baker watches the ups and downs of employment and inflation. “The labor market continues to remain very strong,” and “[w]age growth also appears to be on a relatively stable path,” writes Baker. The unemployment rate was rounded up to 4.0 percent in May, ending the 27th consecutive month of below 4.0 percent unemployment seen in the late 1960s boom. Baker points out, “...if we go behind the rounding, the unemployment rate was actually 3.96 percent in May, still under 4.0 percent. This means that we did have 28 consecutive months of below 4.0 percent unemployment. I’ll leave this one for the refs to determine, but I did want to get the numbers right.” Inflation continues to moderate. “The biggest factor keeping inflation above the Fed’s target rate remains rental inflation, which is on a gradual downward path,” writes Baker in his analysis of the Consumer Price Index. - “[IN AFGHANISTAN] NEARLY HALF OF THE POPULATION LIVES IN POVERTY AND WILL CONTINUE TO EXPERIENCE ECONOMIC HARDSHIP …” In the latest Sanctions Watch bulletin, Pedro Labayen Herrera and Michael Galant cover last month’s natural disasters in Afghanistan as sanctions exacerbate the humanitarian crisis there; Biden’s policy shift to ease the impacts of the embargo on small businesses in Cuba, while still maintaining most of the Trump sanctions that reversed Obama’s steps forward and continue to harm Cuba’s civilian population, including children; the role of sanctions in the accident that caused the death of Iranian president Ebrahim Raisi; a new round of sanctions against North Korea and Russia targeting alleged arms transfers between the two countries; the Assad Regime Anti-Normalization Act of 2023, which would bind Syria to eight more years of sanctions, stalling in the Senate; the drastic drop in oil production in Venezuela following President Biden’s decision to let the temporary sanctions waiver expire last month; and more. ⸻ Mark Weisbrot and Jayati Ghosh participated in a conference at the Vatican last week on the growing debt crisis. The gathering was cohosted by the Pontifical Academy of Social Sciences and the Initiative for Policy Dialogue, which is codirected by CEPR advisory board member and Nobel Laureate Joseph E. Stiglitz and CEPR senior economist, Columbia professor, and former minister of economy for Argentina, Martín Guzmán. ⸻ CEPR joined several other groups in cosponsoring an event last week on investor-state dispute settlement (ISDS) cases in Latin America, including the case brought by “model city” developer Próspera against the Honduran government and suits against the Ecuadorian government in response to efforts at environmental protection. Experts from Public Citizen presented a new report highlighting the dire implications ISDS can have for Indigenous communities, land, and the environment. “Perhaps the most glaring injustice … is the disproportionate impact of the ISDS system on Indigenous peoples, an issue highlighted by a report released Thursday by Public Citizen, a consumer advocacy group,” Inside Climate News reported. - CEPR IN THE NEWS Foreign Policy in Focus, citing CEPR, Addressing the Triple Threat of Debt, Climate, and Development CNN, quoting Dean Baker, Why Friday’s Jobs Report Could Be One for the Record Books Buenos Aires Times, citing Martín Guzmán, Pope Francis Warns Against Imposing Debt Burden on Ordinary People CNBC, citing CEPR, Here Are Some Ways To Maximize Your Vacation Days Denver Business Journal, quoting Eileen Appelbaum, The Denver Metro Area Has One Remaining Independent Hospital System. Is a Merger in Its future? El Tiempo Latino, quoting Dean Baker, Accionistas de Tesla votarán esta semana sobre el paquete salarial de Elon Musk - BEAT THE PRESS  to Dean Baker's commentary on economic reporting on Patreon to support Dean's work and for early access to special content. Or, sign up for a weekly email roundup of Beat the Press. It's the publication that everyone’s raving about! New York Magazine: “[Beat the Press] aims a critical but judicious eye at economics reporting.” - If you were forwarded this email, welcome to the CEPR News! Please sign up here. CEPR News fans, help us reach new readers by spreading the word! - alt_text SUPPORT CEPR If you value CEPR’s work, support us by making a financial contribution.     Donate     The Center for Economic and Policy Research (CEPR) is an independent, nonpartisan think tank that was established to promote democratic debate on the most important economic and social issues that affect people's lives. CEPR was co-founded by economists Dean Baker and Mark Weisbrot in 1999. CEPR's Advisory Board includes Nobel Laureate economists Robert Solow and Joseph Stiglitz; Janet Gornick, Professor at the CUNY Graduate Center and Director of the Luxembourg Income Study; and Richard Freeman, Professor of Economics at Harvard University. CONNECT WITH US TwitterFacebookFacebook 1611 Connecticut Ave NW, Suite 400 Washington, DC 20009 (202) 293-5380 [email protected] If this email was forwarded to you, subscribe to CEPR's email lists here. If you believe you received this message in error or wish to update your subscription, click here:
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