Category Archives: Business

COVID-19 Coronavirus Pandemic: REMEMBER THE CURFEW BARBADIANS

Thanks to Kammie Holder the blogmaster highlights the following reminder to Barbadians. Let us all do our part to keep the virus contained – David Blogmaster  – Barbados Underground Blog


BARBADOS: REMEMBER THE CURFEW BARBADIANS  
AG (Dale Marshall) stated – ALL businesses with a few exceptions are closed from Saturday March 28th at 8pm until April 15th to reduce human interaction and compel social distancing.
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The businesses permitted to operate during the day with social distancing are:
1) Supermarkets
2) Pharmacies
3) Abatoirs, butcher shops, fish markets
4) Bakeries
5) Farms
6) Pharmaceutical, food processors, drink manufacturers
7) Banks and Credit Unions (not insurance companies)            Continue reading

The Silver Lining of the COVID-Caused Recession is Supra-Economic – commentary

County Sustainability Group – promoting a sustainable prince edward county

COVID-19 has done in a deadly way what steady-state economists would prescribe in a healthy way: putting the brakes on a runaway economy. In fact, the pandemic has slammed on the brakes and jammed the GDP gearstick into reverse. It has ushered us into a recession that will be pronounced and protracted. In a COVID-caused recession, it’s nature at bat, not the Fed.

In these dark times, any source of comfort is welcome. Steady-state economists offer one of the only economic comforts to be found, a bona fide silver lining that warrants inspection by the mainstream media, public, and policymakers. There are three qualifiers. First, the silver lining is mostly macroeconomic, not micro. In fact, it is so big-picture we might call it supra-economic as it transcends the standard economic indicators.      Continue reading

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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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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GUYANA: Return to Agriculture now… Possible food crisis from COVID-19… says (NAREI)

As fears mount of a possible food crisis from the COVID-19 pandemic…

Guyanese need to urgently …  return to farms and kitchen gardens

Pull quote: ‘We are buying Vitamin C tablets and ‘builders’ when we could be growing and utilising our own, such as cherries, oranges and other citrus fruits… ”  —-  Dr. Oudho Homenauth, Chief Executive Officer (CEO) of the National Agricultural Research & Extension Institute (NAREI)        Continue reading

VIDEO: 1929 Stock Market Crash and the Great Depression – BBC Documentary

1929 Stock Market Crash and the Great Depression – Documentary

Brief History of that other economic designed crash of 1929 BBC documentary

On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.   Continue reading

VIDEO: Stock Market Crash 2020 Will Be Worse Than The Great Depression !! – OPINION

VIDEO: Stock Market Crash 2020 Will Be Worse Than The Great Depression !!

Epic Economist – 11 March 2020 – For the last two weeks the US stock market has been tanking all across the board. It looks as if a major stock market crash is upon the United States. The Dow Jones Industrial Average has been swinging approximately for 1,000 points in multiple days within the last two weeks. The stock market traders have been panicking because the market has just turned out to be a rollercoaster that they have not seen for many years. The market has been very volatile with up to 4.5 percent movements in a day and all investors are unaware of what will happen next. There is a lot of panic as investors fear that the market will continue tanking because economic indicators are indicating that a big stock market crash will happen.            Continue reading

VIDEO: The Truth Behind The Coronovirus Pandemic; Lockdown and Economic Crash – David Icke

DAVID ICKE – THE TRUTH BEHIND THE CORONAVIRUS PANDEMIC: COVID-19 LOCKDOWN & THE ECONOMIC CRASH

ECONOMICS: Will there be another Great Depression? – The Guardian UK

Government indecision amid the coronavirus crisis has fuelled fears of a long recession – unless there is a huge fiscal response
Unemployed men eat soup in Washington, circa 1935.
 Unemployed men eat soup in Washington, circa 1935. Photograph: Archive Photos/Getty Images

Such was the scale of the global market crash last week in the wake of the coronavirus outbreak, the spectre of the 1929 Wall Street rout and the ensuing Great Depression of the 1930s has been raised. Comparisons no longer seem fanciful.

The failure of the US and the UK to swing into action with a wide range of mitigation measures – despite the lessons of Italy’s slow response to the spread of Covid-19 – has heightened concerns that a sustained, epochal downturn lies in wait.          Continue reading

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