Category Archives: Media
Economy Not Sheltering in Place
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
Stock Market Coronavirus Crater Fear
The Dow cratered over 1,000 points on Monday. The stock market appears to have declared a Coronavirus pandemic.
Stock Market Coronavirus Crater
The girl in the picture isn’t any more real than the bull. They’re both statues. But she does have a name. It’s Fearless Girl.
Rake Trouble on Democrat Resistance March
The rake has turned. And President Trump’s acquittal was the final indignity on the Democrats’ long march to impeachment. Every step of the way seemed to backfire on the party elite.
The resistance first schemed to rid itself of its tiresome president with the emoluments clause. Next up was the 25th amendment. And then on to the Russian Collusion conspiracy. But still unable to prove the president of the United States was a Russian spy, they followed Joe Biden into the 2020 campaign. Only to step in it in Iowa as Bernie emerged from the meltdown.
Chinese Virus Emergency
The World Health Organization wants to ban Chinese virus exports. So this week it officially designated the coronavirus outbreak a public-health emergency.
But also this week, Boris Johnson gave the official o.k. for the U.K. to import Huawei G5 networking technology.
And that doesn’t sit well with Boris’s best buddy Donald Trump. Last May Trump issued his own national emergency, essentially banning Huawei in America.
Another Chinese Virus?
Secretary of State Pompeo believes China spies through Huawei networks. He’s in London to welcome Brexit but “warned that the Chinese Communist party did not have “a technical back door to Huawei. They have the front door.”
Jeff Bezos iPhone Hack by Saudi Prince Mystery
The WSJ (paywall) reports that an outfit named FTI Consulting thinks Saudi Crown Prince Mohammed bin Salman hacked Jeff Bezos iPhone. The firm has “medium to high confidense” that the prince did the deed through a WhatsApp account.
Saudi officials call the allegation absurd.
