Month: February 2020

CORONAVIRUS UPDATE: Chinese medical workers seem to be using academic journals as way to route around censorship and get a message out to the world.

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I've never seen an article like this in the Lancet. It's not a study, it's a cry for help. Chinese medical workers seem to be using academic journals as way to route around censorship and get a message out to the world.https://t.co/UOtJebWgQD pic.twitter.com/dtX2TSnLyn — Balaji (@balajis) February 26, 2020 Wow. Looks like the censors got … Read more

Airline Stocks, Battered by Coronavirus & Boeing 737 MAX, Plunge to Four-Year Low

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Boeing got battered too but not nearly enough. Introducing my SADJAUS stock index tracking the 7 largest US airlines. By Wolf Richter for WOLF STREET. Boeing shares dropped 5.8% today, to $287.76, below where they’d been on that infamous December 24, 2018, and back to where they’d been on December 12, 2017. My only question to the market … Read more

Story about Trump defunding NIH and CDC bogus

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by Jake Congressional Minority leader Kevin McCarthy discusses how Republicans when they controlled the house created and funded a rapid response pandemic system. It was funded with 20 billion. Trump has held a dozen bipartisan meetings every step of the way with democrats and included them on everything that is happening. Starts at 10:30   … Read more

Fastest correction in S&P history, Junk bond yields are rising more rapidly than Treasury yields are falling…

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Fastest correction in S&P history: correction we have seen in stock market over past 6 trading sessions is fastest 10% decline in S&P500 from a record high, DB says. Speed of the decline over the past week even beats Black Monday episode in Oct1987, where the peak was in Aug1987. pic.twitter.com/Y1SLjnaHkk — Holger Zschaepitz (@Schuldensuehner) … Read more

The Economist: A broad guess is that 25-70% of people in any infected country may catch the new coronavirus.

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A broad guess is that 25-70% of people in any infected country may catch the new coronavirus. As it goes global, governments have an enormous amount of work to do. Our cover this week https://t.co/SuIZp1V6UV pic.twitter.com/SHC3W7opAz — The Economist (@TheEconomist) February 27, 2020 WASHINGTON — Federal health employees interacted with Americans quarantined for possible exposure … Read more

The issue with a possible stimulus is that it works on the demand side, not the supply side. The virus outbreak causes both a supply shock and a demand shock…

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The issue with a possible stimulus is that it works on the demand side, not the supply side. The virus outbreak causes both a supply shock and a demand shock (people staying away from cinemas, theaters etc) but the supply side (people working from home, not flying, avoiding 1/2 https://t.co/CAIAdKGH2e — Bert Hofman（郝福满） (@berthofmanecon) February … Read more

Khan Academy has basic explanations on taxes in the U.S. This should help you with understanding tax brackets, deductions, and other related information.

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by The14thScorpion   A reminder that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links: Introduction to Tax Brackets Introduction to Deductions A link to all lessons in the Tax Portal And since retirement accounts tie into deductions: Link to the … Read more