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Posts Tagged ‘Economy’

August 3rd, 2020 - 4:51 pm § in America, Science

WHO warns of “long road back”

“The World Health Organization warned on Monday that, despite strong hopes for a vaccine, there might never be a ‘silver bullet’ for COVID-19, and the road to normality would be long,” and “exhorted all nations to rigorously enforce health measures such as mask-wearing,[...]

May 15th, 2020 - 2:09 pm § in Donald Trump, Politics

Trump chooses livelihoods over lives

President Trump has decided the economy is more important than saving lives: “(CNN) President Donald Trump unveiled a crash effort on Friday aimed at developing a coronavirus vaccine by the end of the year but said the country would return to normal with or without one. ‘I just want to m[...]

March 27th, 2020 - 5:41 pm § in Misc.

Texas company wants to grab its employees’ stimulus checks

An unnamed business in Austin, Texas, is demanding its employees agree to a pay reduction equal to the stimulus checks they’re about to receive from the federal government, according to a local TV station. “By signing the agreement, the company’s employees would have their paychecks be[...]

March 22nd, 2020 - 3:36 pm § in Economics

How to correctly interpret this “stock market crash”

When you buy stock, you become a part-owner of the company, but in practical terms you’re buying a share of the company’s future earnings. The market prices of shares continually fluctuate, and at any given time, they’re worth whatever investors are willing to pay for them. This is[...]

May 3rd, 2019 - 7:47 am § in Economics

Investors are selling stocks, but the market keeps rising

Typically, stocks rise because investors are buying them, increasing prices. But that’s not what’s happening in 2019. What’s new: U.S. equity prices are soaring to record highs, with the S&P 500 up 17% and the Nasdaq up 21% in just 4 months. But not only are investors not buy[...]

January 16th, 2019 - 11:46 pm § in America

Can the US Dollar Go Off the Oil Standard?

Not so far back in history, the dollar was denominated in gold. That worked until capitalism told us that the real value of a currency had to be the capital, the productive wealth of a country.  Gold was just a raw material, worth  less than the factories and farms that made America the first real[...]

January 7th, 2019 - 1:20 pm § in America

Does Amazon Prime Have More Room To Grow In The US?

 Jeff Bezos revealed last year that Prime has topped 100 million members. That is about 60% of Amazon customers and close to 50% of all adult shoppers in the US!.  Prime members spend $1,400 per year, while nonmembers still spend just $600. REMEMBER SEARS ROEBUCK?   [...]

December 24th, 2018 - 12:16 pm § in Donald Trump

“Oh my God, they’re worried about the banks!”

A panicky Wall Street just wrapped up the worst Christmas Eve trading day in human history. The Dow dropped another 650 points. Why? Because Trump did something stupid: He attacked the Federal Reserve again. The Fed is right, he’s wrong, and he needs to back off. Low rates encourage excessive [...]

December 13th, 2018 - 10:53 am § in Misc.

BREXIT .. the decline and fall of the Brits

This week, Theresa May barely survived a vote of non confidence by her own party.  The vote, by the party that hods dear the image of the Crown and Empire, was inevitable.  Great Brotain is no longer.  The English are now only one of many medium size states in a world domnated by China and [&hell[...]

November 27th, 2018 - 11:26 am § in Donald Trump, Hypocrisy

Is Trump Destroying Detroit?

As GM drops the Volt, Trump’s damage to GM is part of a bigger and sadder picture. The two remaining major American car companies .. Ford and FM .. are either getting out of the small car and EV world or exporting those activities to Asia and Europe. Even John Deere and Trump’s beloved H[...]