FT News Briefing US protestors demonstrate against police violence, EU recovery, US pensions
Jun 1, 2020
Protests erupted across the U.S. as crowds demanded justice for George Floyd, highlighting ongoing racial injustices and the pandemic's impact on Black communities. Political reactions are shaping the upcoming presidential election amid these tensions. Meanwhile, the European Union is pushing for new taxes to fund its recovery from the pandemic. On the domestic front, alarm bells are ringing as seven U.S. public pension plans may run out of money by 2028, raising concerns about economic stability.
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George Floyd Protests
- Protests erupted across the U.S. after the death of George Floyd.
- Mr. Floyd died after a Minneapolis police officer knelt on his neck.
Historical Context of Protests
- These protests, sparked by police brutality, fit into the history of the Black Lives Matter movement.
- A historian linked current events to the 1960s riots and disinvestment in Black neighborhoods.
Corporate Responses
- Citigroup's CFO, Mark Mason, spoke out against racism after George Floyd's death.
- Nike also released an anti-racism ad, following a similar one in 2018 with Colin Kaepernick.