This is why lockdowns can’t continue much longer, even in hard-hit states.

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DON’T JUST CUT ‘EM, SLASH ‘EM: ‘Sober look’ at public payrolls urged as bailouts tax system. The warning comes after Boston’s public payroll was posted by the Herald showing 8,000 employees who earned $100,000 or more last year. While first responders are on the front lines of the pandemic, others in Boston have not been furloughed. … Read more

USAF KC-135 (PEARL13) conducting flight ops just 200 kilometers off the coast of mainland #China.

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USAF KC-135 (PEARL13) conducting flight ops just 200 kilometers off the coast of mainland #China. pic.twitter.com/aFTnb7XrEa — The Intel Crab (@IntelCrab) May 7, 2020 Turning back now. Was 120 kilometers from mainland China. pic.twitter.com/wTphXF2mca — The Intel Crab (@IntelCrab) May 8, 2020 Recon mission. Future combat theatre. Retaliation. — Tordoflyer (@tordoflyer) May 8, 2020 Two … Read more

@RJW: “Obama knew details of wiretapped Flynn phone calls, surprising top DOJ official in meeting with Biden, declassified docs show

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Obama knew details of wiretapped Flynn phone calls, surprising top DOJ official in meeting with Biden, declassified docs show // Remember all the #FakeNews weasels hooting and hollering when Trump accused Obama off wire-tapping his campaign? #DeepStateScum https://t.co/H9IcMmcfA0 — James Woods (@RealJamesWoods) May 7, 2020 The Deep State is scrambling. Every lie they’ve told and … Read more

Stocks rise on hope that worst of economic plunge has passed… NASDAQ — POSITIVE FOR YEAR… Algorithms Behind Recovery?

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Stocks rise on hope that worst of economic plunge has passed TOKYO (AP) — Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week. Japan’s benchmark Nikkei 225 jumped 1.8% to 20,025.91. South Korea’s Kospi jumped 1.3% … Read more

HUGE: Crowdstrike, the firm behind the accusation that Russia hacked & stole DNC emails, admitted to Congress that it has no direct evidence Russia actually stole/exfiltrated the emails.

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I want to stress what a pretty big revelation this is. Crowdstrike, the firm behind the accusation that Russia hacked & stole DNC emails, admitted to Congress that it has no direct evidence Russia actually stole/exfiltrated the emails. More from Crowdstrike president Shaun Henry: pic.twitter.com/UCGSyO2rLt — Aaron Maté (@aaronjmate) May 8, 2020     h/t  … Read more

The Outlines of a Better World Are Emerging

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by Charles Hugh-Smith Once the government’s ability to sustain its enforcement with money created out of thin air vanishes, the entire order vanishes along with it. The era of waste, greed, fraud and living on borrowed money is dying, and those who’ve known no other way of living are mourning its passing. Its passing was inevitable, … Read more

Fed Cuts QE Helicopter Money for Wall Street Further. Still Hasn’t Bought Junk Bonds or ETFs. Was Just Jawboning. Loans to “SPVs” Declined to Lowest Dince March 25.

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By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet rose by $65 billion during the week ended May 6 — the smallest weekly increase since the week of February 26, when assets fell by $13 billion. And it was down 89% from peak-bailout in the week ended March 25. The chart depicts the weekly changes of … Read more

Without overweighting the FANG stocks, the S&P 500 is just the MSCI World ex-US

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Without overweighting the FANG stocks, the S&P 500 is just the MSCI World ex-US pic.twitter.com/1QEc08BcyW — Julian Klymochko (@JulianKlymochko) May 7, 2020 .@johnauthers: "At the corporate level, inequality as a result of the crisis has a specific manifestation that is very dangerous. Within the S&P 500, the tail of companies whose share prices have halved … Read more

The economic price of lockdown and reopening risk of human lives

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⚖ The economic price of lockdown and reopening risk of human lives 📌STATE-BY-STATE BUSINESS REOPENING DATES #Economy #Health #Healthcare #coronavirus #Covid19 #Safety pic.twitter.com/tmrOVUylBl — Farzana R Hossain MD (@fr_hossain) May 7, 2020 The #coronavirus, #publichealth, #publicsafety, #childabuse, #justice are not just some other cities’ or states' problem. It's everyone's problem .. ..Wave of U.S. #COVID … Read more

“Absent Hiring Activity on An Unprecedented scale, Unemployment Could Remain in Double-Digits Into 2021” – new @sffed paper… Top JPMorgan Investment Officer: It Will Take ’10 to 12 Years’ for U.S. Employment Levels to Return

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"Absent hiring activity on an unprecedented scale, unemployment could remain in double-digits into 2021" – new @sffed paper. https://t.co/4b9JEiH4SQ pic.twitter.com/ssib47d8bR — Jeanna Smialek (@jeannasmialek) May 7, 2020 Top JPMorgan Investment Officer: It Will Take ’10 to 12 Years’ for U.S. Employment Levels to Return J.P. Morgan Chief Investment Officer Bob Michele predicted it will take 10-12 years … Read more

Mark Cuban: I Hired a Team of Secret Shoppers to Find Out How Businesses Were Opening in Dallas. It’s Not Good.

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via blogmaverick I wanted to get an understanding of what opening meant to businesses around Dallas. Were they opening? What precautions were they taking? Were employees in safe environments? And bigger picture, I wanted to know if these are places that I would feel safe taking my family to. So I hired a company that specialized … Read more

The People Need To Be Prepared, Do Not Depend On The Gov To Help You:Bix Weir

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https://www.youtube.com/watch?v=Tjfk05syeKk Todays Interview: Today’s guest is Bix Weir. Bix discusses the event, how the people must be self sufficient, the government is not going to come to the people aid. The people must demand the reopening of their state, businesses etc. The [DS] push is coming to an end, the patriots are ready to move … Read more

Target, Walmart, Macy’s & Belk have eliminated dressing rooms and Starbucks in their stores

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So, I guess they’ll have a more lenient return policy? Not that I’m disagreeing, but another price involved to think about. https://corporate.target.com/about/purpose-history/our-commitments/target-coronavirus-hub Target, Walmart, Macy’s and Belk. Just because the state is reopening and more retailers will be welcoming you in, doesn’t mean it will be shopping as usual. DRESSING ROOMS. OPEN OR CLOSED? As … Read more