debt

Amidst the current hysteria of the covid-19 pandemic, talk of general chaos and economic collapse have taken the forefront of peoples’ minds.

When the World Health Organization announced on February 24th that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points or over 10%. In an attempt to contain the damage, on March 3rd the Federal Reserve slashed the fed funds rate from 1.5% to 1.0%, in their first emergency rate move and biggest one-time cut since the 2008 financial crisis.

On the Streets
Wide Open Eyes: Surfacing from VietnamThe tip of the proverbial iceberg when it comes to homelessness is what the average person sees on Newport’s streets – mostly men, some women, seeking a public or private building’s overhang to get out of the rain.

  So far I don’t feel compelled to address the coronavirus or Trumps new map for peace in any substantive form. The coronavirus is garnering an excessive amount of coverage already. As for Trump’s idea of a “peace” plan, this was always going to be more pieces of Palestine for Israel’s expansionary benefit.  The very same plan is unfolding in the wider region around Israel. Trump has never hidden the fact that his primary concern was for Israel.

From the far distance sounded the muffled howling of a family of monkeys, monos gritones, passing the night in the crowns of the mighty trees. It echoed through the jungle like the roar of an angry mountain lion. Gruesome and terrifying, it seemed to tear the night apart, but it did not disturb the jungle. It sang and fiddled, chirped and whistled, whined and whimpered, rejoiced and lamented its ever-unchanging song with the constancy of the roaring sea.

Wall Street road sign with the New York Stock Exchange bearing American flags visible in the background. (Photo: Alex Proimos. Source: Wikicommons)
Hossein Askari
The Globe Post

 We’re led to believe that the “green” agenda and the capitalist agenda are at odds with one another- People really shouldn’t believe such silliness.  Yah, I know places like the Guardian (Ending climate change requires the end of capitalism. Have we got the stomach for it?)  tout this perception management rhetoric, but, it’s not true. Factual.  Or Correct.

President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means.
The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory. Investors were fleeing into the dollar, prompting President Trump to tweet on August 30:

The Euro is dropping against the Dollar “like crazy,” giving them a big export and manufacturing advantage… And the Fed does NOTHING!

Tears in the eyes of many at @BernieSanders medical debt town hall in Des Mones [sic]. As attendees tell their stories about ICUs, debt collectors, and coverage denials almost all have said that Sanders is “the only one I can trust” to alleviate their financial emotional burdens pic.twitter.com/rpWWgIXYdU— Cara Korte (@CaraKorte) September 22, 2019