In Lansing, you cannot find anyone, Republican or Democrat, on the record or off, who does not admire the skills of the state’s 49th governor. Moreover, just about everyone likes her. She is genuine, secure, quick to give a hug or share a dirty joke. https://t.co/0YDMzd0Yl7 — POLITICO (@politico) April 25, 2020 Presumably, the worshipful … Read more
Era of Big Government Is Back! History shows that big national shocks have a way of changing the role of government in lasting ways—and any shock as big as the coronavirus pandemic inevitably will alter political life and philosophies in America. The crisis has been not just a public-health emergency requiring a sweeping response, but also … Read more
For Violating Maryland’s Lockdown Order Maryland State Police spox Greg Shipley told the Cecil Daily, “The investigation indicated the restaurant was selling ‘to go’ food and drink orders, but some of that food and drink was being consumed on the premises. The crowd dispersed and those who remained were determined to be waiting for carryout … Read more
The Australian government’s call for China to explain its bungled handling of the deadly coronavirus pandemic could spark a boycott by Chinese consumers, who may no longer travel and study in Australia or buy major exports including beef and wine. The ambassador said Australia’s inquiry push was “dangerous” and destined to fail, adding to previous … Read more
https://www.youtube.com/watch?v=N3rnas8g6ow&feature=emb_title #NancyPelosi and #JakeTapper have an irritable exchange this morning on #CNN’s #SOTU. I think #Pelosi was trying to do her best impression of #SleepyJoe by bumbling over her own words. Why is she angry so often lately? Did her fancy ice cream melt? 🍨 Doesn’t seem like she’s winning much politically lately, and she … Read more
TONIGHT AT 11: I speak to Erin Strine who shared this video of her nearly full flight from JFK to CLT. I'm asking American Airlines how they are keeping passengers safe when a flight is too full for social distancing @WBTV_News #Covid_19 pic.twitter.com/T2ugpboaud — Caroline Hicks (@CarolineHicksTV) April 27, 2020 CHARLOTTE, N.C. (WBTV) – Air … Read more
BY JOHN RUBINO Lawrence Lepard, managing partner with Equity Management Associates, just published a quarterly report in which he explains — among many other things — why current US policy has created a “doom loop” and “a gold opportunity.” Here’s the summary page. For a PDF copy of the full 36-page report, email Lawrence at llepard@ema2.com … Read more
https://twitter.com/PuffDragon11/status/1254802375363051521 42% of CFOs have no contingency plans for 2nd wave of COVID-19 – Gartner — Sam Ro 📈 (@SamRo) April 27, 2020 pic.twitter.com/1lCC2IADmg — The Macro Pulse (@TheMacroPulse) April 27, 2020 Since 2016, a near doubling of share concentration for the top 5 S&P 500 companies’ market cap. YS #DriehausAlts pic.twitter.com/pTTSUa0yTE — Driehaus Capital … Read more
by Jeff Marcus The federal government is doing everything it can do to deal with an unprecedented and frightening period in the nation’s history. It has rolled out programs that will relieve financial burdens on individuals and companies, spur investment, and incentivize employers to keep employees on the job. One relief package in the CARES arsenal … Read more
Bank of Japan set for unlimited money printing. What could possibly go wrong? Sadly, when, as the first observer, I recommended the Bank of Japan "switch on the presses" in 1995 (Asian Wall Street Journal) they wouldn't listen. Last time I met Mr Kurodahttps://t.co/I8GAUPqclS — Richard Werner (@scientificecon) April 27, 2020 Japan, the poster child … Read more
by JIGSAWPUZZLESRULE Kind of a silly way to evaluate things but there may be some insights to glean. 538 has been tracking polls regarding public sentiment on coronavirus since March Obviously concern has escalated and right now we are at around 1/3 of Americans are ‘very concerned’, 38% are ‘somewhat concerned’, and 28% are ‘not … Read more
by finca3eo Key Points: Quarter revenue drops 19% Net Income declines 97% to 20Mil Operating margin down 1.4% 2020 Outlook: Negative Operating Profit and 40% decline in sales. Adidas maintains 1.975B on its balance sheet Stock rallied 4% https://www.adidas-group.com/media/filer_public/dc/77/dc776afe-d148-4e5b-a0a5-169c564d1b46/adidasag_q12020results_final_en.pdf https://www.adidas-group.com/media/filer_public/6e/6a/6e6a09d6-adb0-4050-82f5-a050277822c5/fact_sheet_q1_2020_en.pdf
https://www.reuters.com/article/us-global-oil-turmoil/when-oil-became-waste-a-week-of-turmoil-for-crude-and-more-pain-to-come-idUSKCN228059 In Russia, one of the world’s top producers, the industry is considering resorting to burning its oil to take it off the market, sources told Reuters. U.S. billionaire Harold Hamm’s Continental Resources Inc sent servicers out into fields in Oklahoma and North Dakota in the middle of the week to abruptly shut wells, and … Read more
The Federal Reserve announced today that it would provide relief from the six-per-month limit on transfers or withdrawals from savings accounts under Regulation D, effective immediately. This action—advocated by the American Bankers Association—is intended to grant more flexibility to consumers to access their savings deposits at a time when many are facing financial hardships due to the … Read more
https://www.npr.org/2020/04/22/840678984/small-business-rescue-earned-banks-10-billion-in-fees
Watch the latest video at foxnews.com House Speaker Nancy Pelosi, D-Calif., argued Sunday the travel ban President Trump has boasted as a major move in stemming the outbreak of the coronavirus pandemic in the U.S. was actually not as effective as the White House says. “Actually tens of thousands of people were allowed in from China, it wasn’t as it … Read more
by The Phoenix It is looking increasingly as if the bottom is in. At the March lows, the percentage of stocks trading below their 200-day moving averages hit levels associated with major bottoms (think 2002 or 2009). This doesn’t mean we couldn’t revisit the lows… but it does suggest that we won’t see levels much lower than those … Read more
by Tommy ‘Heads we win, tails you lose’: how America’s rich have turned pandemic into profit As 26 million Americans lose their jobs, the billionaire class has added $308bn to its wealth Never let a good crisis go to waste: as the coronavirus pandemic sweeps the world, America’s 1% have taken profitable advantage of the … Read more
TRUMP RE-TWEET: Three failed coup attempts: 1 – Russia Collusion hoax during campaign 2 – Mueller’s sham 3 – Illegitimate impeachment Do you really think these lunatics wouldn’t inflate the mortality rates by underreporting the infection rates in an attempt to steal the election? Three failed coup attempts: 1 – Russia Collusion hoax during campaign2 … Read more