Category Archives: USA Politics and Economy

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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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

VIDEO: How New Yorkers Are Coping With Coronavirus | NYT News

How New Yorkers Are Coping With Coronavirus | NYT News

With restrictions tightened on businesses and daily activity, residents are grappling with uncertainty about resources, health care and their paychecks.

Subscribe: http://bit.ly/U8Ys7n More from The New York Times Video: http://nytimes.com/video

NATIONAL GEOGRAPHIC ARTICLES – The Coronavirus Pandemic

National GeographicNATIONAL GEOGRAPHIC ARTICLES – The Coronavirus Pandemic

Coronavirus is poised to disrupt the everyday lives of millions of Americans. To help you and your families better understand the disease and learn how to protect yourselves, National Geographic is providing free access to all of our coronavirus coverage.

What would a massive lockdown look like in the United States?

Two huge lockdowns are underway—of Italy and China’s Hubei province, each home to about 60 million people. In the U.S., a lockdown on that scale would equate to shutting off California, Washington, Oregon, Nevada, and Arizona.

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US Politics: Bernie Sanders Addresses Health and Economic Crisis Facing US as Coronavirus Spreads

“Now is the time to come together with love and compassion for all, including the most vulnerable people in our society.”

“Now is the time for solidarity,” Sanders said. “Now is the time to come together with love and compassion for all, including the most vulnerable people in our society.”

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Oil-Price War – Scorched earth …. No one is likely to win – The Economist

Barrel, crude, gas, logo, oil, petroleum, power icon

Barrel- crude logo

CRUDE OIL SUPREMACY: Saudi Arabia, Russia and America will all suffer

Finance and economics  Mar 14th 2020 edition – The Economist

Saudi Arabia and Russia are used to fighting their enemies via proxies. But the oil-price war that has broken out between them is head-on and has swiftly escalated. It started when Russia refused to slash production during a meeting with the Organisation of the Petroleum Exporting Countries in Vienna on March 6th. Saudi Arabia, opec’s de facto leader, hit back with discounts to buyers and a promise to pump more crude.

Shortly thereafter it said it would provide customers with 12.3m barrels a day (b/d) in April, about 25% more than it supplied last month—and a level it has never before attained. Russia said it could raise output, too, adding up to 500,000 b/d to its 11.2m b/d. The price of Brent crude plunged by 24%, to $34 a barrel, on March 9th—its steepest one-day drop in nearly 30 years.

US Elections: Sanders vs. Bloomberg Scenario Is Like a Jewish Joke turned real- Chemi Shalev | Haaretz 

Two Jewish finalists in the Democratic race is a source of pride for U.S. Jews – as well as a reason for grave concern 

Analysis: Chemi Shalev | Haaretz 

The late and great Leo Rosten recounted in his book “Hooray for Yiddish” that whenever his father would marvel at the wonders of the United States, instead of using the staple quip “Only in America”, he would exclaim “America gonef!” The saying literally means “America the thief”, but in the mouths of Jewish immigrants to the United States, it evolved to signify their unending gratitude and admiration for the country that took them in and made them prosper. 

Rosten recounts that his father, Sam Rosenberg of Lodz, would exclaim “America gonef” at least five times a day. If he were alive today to witness the Democratic primary race, Mr. Rosenberg would have surely doubled or tripled his daily output. As if it weren’t amazing enough that one Jew is leading the Democratic pack, his main challenger could very well turn out to be yet another Jew. If Mad Magazine were still breathing, it might have replaced its legendary strip “Spy vs. Spy” with “Jew vs. Jew”. America gonef!              Continue reading

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