Category Archives: Airlines

Race Against Time, Virus vs. Savings

race against time, virus, savings
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It’s a race against time. Can the virus be spent before your savings?

701,000 American jobs were lost in March and the unemployment rate rose from 3.5% to 4.4% in one month according to the WSJ.

Meanwhile, The Guardian says about 35 companies are working on a vaccine and Moderna is about to begin human testing. And “many many‘ groups are working on immunity-giving antibody tests that provide results in minutes.

Economy Not Sheltering in Place

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The economy isn’t sheltering in place. It’s heading down. Fast.

Goldman Sachs forecasts 15% unemployment and a 34% decline in GDP in the second quarter. And the stock market just finished its worst quarter since 2008.

Goldman Sachs is still predicting a “V-shape” recovery, however, meaning the steep drop-off will lead to a bigger bounce of 19 percent in the third quarter.

The Hill

Economy Not Sheltering

The election is seven months away. Can Trump pull the economy out of its Corona nose dive by then?

Scott Brennan, an Iowa Democratic National Committee member and a former state party chairman, said, “If the economy pops back … it’s hard to know what people are going to think.”

Politico

 

Two Trillion Dollar Stimulus Brings Back Bull, For Now

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The Senate passed a two trillion dollar stimulus bill Wednesday night. And the Dow lurched forward 6.4% on Thursday. And that followed an 11% bump from the day before. But the 401k party was over by Friday and it was still down over 20% for the year.

Feds Plan to Make Everyone Flush

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The feds are trying to stimulate the economy out of the toilet. The plan so far is to make everyone flush with free money. Thousand dollar plus checks could be in the mail soon.

Air Travel Animal Farm

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The air travel animal farm made the news again this week. A Michigan woman bought a first class window seat for her horse.

Thank You for Your Service Animals

Meanwhile, back in the section for animals less equal than others, a human pounded on the seat of the woman in front of him. She had committed the economy section faux pax of reclining into his lap.