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Temporary layoffs just became permanent for millions of American workers

CNN Business, Released on 10/5/20 Permanent job losses are rising rapidly, and will keep climbing. Continue……

Trump Executive Order Seeks To Combat China’s Rare-Earth Minerals Dominance

Zero Hedge, Released on 10/1/20 On Wednesday President Trump signed an executive order which declared a “national emergency” in the US mining industry, highlighting America’s dangerous overdependence on China for…

American Airlines and United Airlines to begin furloughs of over 32,000 workers starting Thursday

Reuters, Released on 9/30/20 “Tomorrow, tens of thousands of essential aviation workers will wake up without a job or healthcare and tens of thousands more will be without a paycheck.”…

Chamath Palihapitiya Slams Airline Bailouts: “Giving More Money To These CEOs Is Idiotic And Dumb”

Zero Hedge, Released on 9/30/20 “Not a single extra dollar should go to these companies. All this money should be focused on those people.” Chamath Palihapitiya says people out of…

What Major Stores Went Bankrupt in 2020?

Mish Talk, Released on 9/29/20 We are on a record pace for retail store bankruptcies in 2020. How many can you name? Continue……

Disney to lay off 28,000 employees

CNBC, Released on 9/29/20 “We simply cannot responsibly stay fully staffed while operating at such limited capacity.” Continue……

Mish Shedlock: Attempting To Predict Inflation From Velocity of Money Is A Fool’s Mission

Mish Talk, Released on 9/28/20 Velocity is a useless, inconsistent measure of something that has morphed over time yet never had an independent existence of its own. Attempting to predict…

Trump Administration, CDC Sued By Landlords Over ‘Unconstitutional’ Moratorium On Evictions

Zero Hedge, Released on 9/27/20 A national moratorium on evictions is being challenged in at least two lawsuits filed in federal court on the grounds that denying landlords the right…