Daily Archives: March 26, 2020

USA Economy: How to spend $2 trillion – Politico commentary

By RENUKA RAYASAMCAITLIN EMMA and MICHAEL GRUNWALD  – 03/25/2020 09:26 PM EDT
THIS ISN’T A BAILOUT. OR A STIMULUS — The $2 trillion bipartisan coronavirus legislation that Congress is finalizing this evening is more than twice the size of America’s biggest economic stimulus package, President Barack Obama’s 2009 Recovery Act. It’s also more than twice the size of America’s biggest corporate bailout, President George W. Bush’s 2008 Wall Street rescue. But even though it’s supposed to help the shattered economy and save failing businesses, it’s not primarily a stimulus bill or a bailout bill.

No, this is a disaster aid bill. And it’s nearly 25 times the size of the record-breaking disaster bill Congress passed after the deadly hurricanes of 2017. And this time, the disaster is just starting to unfold. It’s as if Congress is sending money to the coast just as the hurricane is reaching the shore, because the levees are already breaking.

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GUYANA: UG Citizen Science Series 1 | Boosting Your Immune System

MAPS: Mapped: Visualizing the True Size of Africa

 

The True Size of Africa Map

Mapped: The True Size of Africa

Take a look at any map, and it’s clear that the African continent is a big place.

However, despite the common perception that Africa is a large landmass, it’s still one that is vastly underestimated by most casual map viewers.

The reason for this is that the familiar Mercator map projection tends to distort our geographical view of the world in a crucial way — one that often leads to misconceptions about the relative sizes of both countries and continents.

A Geographical Jigsaw        Continue reading

BUSINESS: The Hardest Hit Companies of the COVID-19 Downturn are ‘BEACH’ Stocks

The ‘BEACH’ Stocks —booking, entertainment, airlines, cruises, and hotels 

The market’s latest storm has plunged the global travel industry into uncharted territory.

Since the S&P 500 market high on February 19, 2020, market capitalizations across BEACH industries—booking, entertainment, airlines, cruises, and hotels—have tumbled. The global airline industry alone has seen $157B wiped off valuations across 116 publicly traded airlines.

BEACH Stocks: $332B in Value Washed Away by March 24, 2020

Investor confidence in cruise lines has also dropped. Between Carnival, Royal Caribbean, and Norwegian Cruise Line Holdings, over half of their market value has evaporated—equal to at least $42B in combined market capitalization.          *All numbers as of market close on March 24, 2020

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SPORTS: What cricket means to West Indians – By Sean Devers

Presently just the thought of West Indies cricket can take one into deep depression. Administrators, who only serve their own agendas, players, most of whom seem only motivated by money and fans who have lost all interest in watching Test cricket that involves a weak West Indies team are ‘normal’ today.
But when Jamaican Robert Karl Nunes led the West Indies onto Lords on June 23rd 1928 to face England, it marked the birth of one of the most colourful and exciting teams to play test cricket and provided a major opportunity for West Indians to gain international acclaim.

In the early days the West Indies team, it comprised players from the British Federation along with British Guiana, located in South America. Today the team is made up of players from the English speaking Caribbean Islands and Guyana.            Continue reading