2022-05-19: News Headlines

____ (2022-05-19). Biden administration says government has no role in producing baby formula amidst nationwide shortage. wsws.org Seeking to tamp down immense social anger, Biden's invocation of the Defense Production Act will do little to alleviate the immediate crisis while further exposing the bankruptcy of capitalism.

____ (2022-05-19). Wall Street plunges as global recession looms. wsws.org Yesterday's large-scale sell off on Wall Street, in which shares of major retail companies experienced their biggest decline since the October 1987 Black Monday stock market crash, was in response to clear indications the US and global economy are moving rapidly into recession.

2022-05-19 21:22 | 15:22 EST | jz | 4 | 0 | 0 | 2 | 0