Yesterday, the Dow gave up a 500-point gain to end the day up 10 points. The NASDAQ also reversed a nearly 2 percent spike, hitting a new record, before closing down more than 2 percent. Today, on the “good news” that Wells Fargo shares tumbled 8 percent after posting a $2.4 billion loss, Delta posted...
Tag: jul 14 2020
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U.S. MILITARY TO GET MORE THAN $740 BILLION FROM CONGRESS
In the event you were concerned that fighting the COVID-19 War would distract our political leaders from increasing the already inflated military budget for fighting wars overseas, fear not. On 1 July, a $740.5 billion military spending package was approved by the Democratic-controlled House Armed Services Committee. The GOP-controlled Senate Armed Services Committee is expected to...
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TRANSMISSION CONFUSION
Months after the vast majority of U.S. states totally shut down their economies and prohibited social movement to quell the spread of COVID, health officials still can’t agree on how the virus is transmitted. Last week, a careful reading of reports in The New York Times and Wall Street Journal revealed the continued lack of...
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THE GLOBAL COST OF COVID-19
Worldwide Cost of Shutdown is Increasing From Europe to the Caribbean, India to the Philippines, Mexico through South America, tens of millions who have lost jobs due to the unprecedented global shutdown are unable to continue sending money home to their needy families. Last year, migrant workers sent over $500 billion back home. According to...
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THE VACCINE MACHINE
Considered one of the greatest absurdist dramas ever written, “Waiting for Godot,” by Samuel Beckett, is about two people eagerly awaiting the arrival of the mysterious character Godot. Spoiler alert: he never arrives. In the U.S. and across the globe, the politicians, media, and their “experts” continue to insist that only the arrival of a...
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MORE SADOMASKISM
In previous Trends Journal articles, we’ve presented evidence of the physical and psychological problems caused by excessive mask-wearing. Yet, mask wearing has become the new ABnormal. For example, told by “experts” that wearing a mask will stop someone from catching the virus or, if infected, from passing it on to others, for most Americans frightened...
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GLOBAL RIP-OFF
Beyond the bailouts going to the Bigs in the U.S., it was reported last week by The London Economic that almost a third of companies receiving coronavirus bailouts from the Bank of England are based in a tax haven or owned by someone living there. The think tank TaxWatch UK reported that £4.79 billion in...
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INSIDERS CLEAN UP ON COVID MONEY
On 27 March, the U.S. government signed into law the CARES Act. Its purpose was to offer economic relief to small businesses that were forced to shut down or suffered severe hardship due to the unprecedented lockdown of the economy to deal with COVID-19. Part of the package was the Paycheck Protection Plan (PPP) specifically...
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URBAN SURVIVAL: Guidelines For Those Living in Major Cities as Our Socioeconomic Structure Crumbles
by Bradley J. Steiner Back in the 1970s, when my wife and I were still living in The Bronx, NY, I was in touch with an interesting individual with whom I strongly connected on some ideas and strongly disagreed on others. He went by the name “Kurt Saxon” – his real name was Don Cisco....
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THIS WEEK IN FEAR & ANXIETY
While the media continues to fan the flames of fear by citing continual increases in the reported cases of COVID-19, they fail to emphasize the fact that fewer people are dying from it. In April and May, for example, as many as 3,000 deaths a day were being recorded across the United States. That number...