Saturday , October 31 2020
Home / Tag Archives: Global Economics

Tag Archives: Global Economics

Senate Votes Postponed for Two Weeks: What are the Implications?

Confirmation Hearings for Amy Coney Barrett Will Go AheadThree Republican Senators who attended a White House rose Garden party for Trump's Supreme Court nominee Amy Coney Barrett have contracted Covid.That would leave Barrett two votes short of confirmation. However, But McConnell said confirmation hearings for Supreme Court nominee Amy Coney Barrett would go ahead as planned starting Oct. 12 even though Scheduled Votes are Cancelled for Two Weeks.Senators Mike Lee of Utah, Thom Tillis of...

Read More »

Doctors Question Trump’s Experimental Covid Treatment and Dosage

Casual_Observer7 hrsTrump's doctors try to downplay his condition, but blow up the timeline of Trump's illness Donald Trump was flown to Walter Reed National Military Medical Center on Friday evening. At the time, he was apparently suffering from coughing, fever, lethargy, and some difficulty in breathing. The decision to send him to the hospital at that point appears to have been made not just out of an abundance of caution, but because, as The Washington Post reports, with Trump’s condition...

Read More »

Job Recovery Slows and Headwinds Mount for October

BLS Jobs Statistics at a Glance Details from the monthly BLS Employment Report.Nonfarm Payroll: +661,000 to 141,720,000 - Establishment SurveyEmployment: +275,000 to 147,563,000- Household SurveyUnemployment: -970,000 to 12,580,000- Household SurveyBaseline Unemployment Rate: -0.5 to 7.9% - Household SurveyU-6 unemployment: -1.4 to 12.8% - Household SurveyCivilian Non-institutional Population: +184,000 to 260,742,000Civilian Labor Force: -695,000 to 160,143,000 - Household SurveyNot in Labor...

Read More »

The Airlines, Allstate, and Shell Announce Mass Layoffs

Just in Time for the Election (or a Bailout)American and United Airlines will bring back workers if they get more aid. Otherwise, Say Goodbye to 32,000 Jobs. “We implore our elected leaders to reach a compromise, get a deal done now, and save jobs,” United said Wednesday night. The airline said over 13,400 employees will be out of a job starting Thursday.  American, which has planned deeper cuts than any other carrier, also told Treasury Secretary Steven Mnuchin that it will bring its 19,000...

Read More »

Little Progress on Unemployment Claims but Checks Grind to a Halt

Initial ClaimsFor the weeks ending August 29, September 5, September 12, and September 17, and September 26 there were 884,000, 893,000, 870,000, 866,000, and  837,000 seasonally-adjusted claims respectively according to the Department of Labor.Given margins of error on seasonally adjusted data there has been no progress for five weeks.Continued ClaimsContinued claims lag initial claims by a week.For the weeks ending August 29, and September 5, September 17, and September 26 there were...

Read More »

In a Fiery Tweetstorm, Ann Coulter Blasts Trump Over Taxes

Zardoz1 dayHer fame is based on getting people's knickers in a twist, and up until the last couple years it was the liberals who were easiest to bait. Now we have a world full of hyper sensitive, ready to rage trumplings, and Coulter saying vaguely liberal things will grant her a a rich vein of outrage to monetize for years to come. For those that dispute the tenderness of the trumplings, would direct you to reddit.com/r/conservative, and invite you to make a post in any way critical of...

Read More »

Income Declines But Spending Up as Stimulus Runs Out

Herkie1 dayWhat could possibly account for this? I just came back from Whalemart and they FINALLY have a decent stock of toilet paper and not a day too soon either. But is also now $15 where it was $9 last year. Soon it will be cheaper to use dollar bills. Had to stop and buy a carton of cigarettes also, they were $60.99 in April, today $68.87, a haircut, from $12 at SuperCuts in January to $18 now. Gas for my car is now back to $3, hamburger is double what I was paying at the start of...

Read More »

Death of the Department Stores and the Alleged Retail Recovery

Realist2 daysHi Mish. Thanks for your post. It got me thinking about many of the things we have been discussing for quite some time on your site. It inspired me to write down a couple of thoughts about: THE NEW NORMAL Being a realist means one has to view the world as it is, not as how one wants it to be. One of the most important things an individual can do, is to realize that the world keeps changing, and it isn’t going to go back to the way it was. Those that can best adapt to change,...

Read More »

How Well is China Honoring Its Trade Deal With Trump?

Hopelessly BehindThe PIIE US-China Phase 1 Tracker shows China is hopelessly behind commitments made to Trump for 2020.Phase-1 Tracker by CategoryIn case you forgot, here are a few reminders of Trump's trade claims.Trade Wars are Good and Easy to WinTrade War With the EUDon't Trade, We Win BigCan't LoseThink What Happens When I WinLove Collecting Big TariffsTrump remains totally clueless on trade."Big Tariffs" are a tax on US consumers and importers of goods. US Trade Deficit in Goods Swells...

Read More »

Mass Airline Layoffs On Deck and They Will Hurt Trump

Mass Airline Layoffs in Swing StatesPlease consider Mass Airline Layoffs in Swing States Would Further Imperil Trump by Bloomberg writer Joshua Green. If the government’s payroll support program for airlines is allowed to expire as scheduled on Wednesday, the airlines say they’ll cut tens of thousands of jobs—many concentrated in battleground states including North Carolina, Florida, Arizona, Pennsylvania, and Texas.For months, airlines and workers’ unions have been imploring Congress and the...

Read More »