Economy
A massive wave of evictions is coming. Temporary bans won’t help. (Sparky1)
Fortunately, Congress, states, municipalities and the Department of Housing and Urban Development all have stepped up to issue temporary bans on eviction. That’s good news, but there are significant limits to many of these bans – and even the best of them are temporary. In many places, for instance, landlords are still filing eviction papers, even when there is a freeze on ejecting people from their homes – and not every state has imposed such a freeze. Without a stronger state and federal response, the United States appears headed toward an unprecedented housing crisis.
Bailouts Destabilize The Economy And Over-Inflate Asset Prices (CleanEnergyFan)
In the end, after all of the political posturing and all of the speeches and exhortations for Congress to “do something,” a $2 trillion “coronavirus stimulus” bill landed on the president’s desk for The Donald to sign. And sign he did, uttering all of the platitudes and everything else that comes with “historic” spending legislation that never should have seen the light of day. Although COVID-19 has helped expose vast weaknesses in public health systems in the USA, it also has shown that with much of corporate America, the emperor has no clothes.
‘Sudden Black Hole’ for the Economy With Millions More Unemployed (Sparky1)
Many economists say the actual job losses so far are almost certainly greater, and there is wide agreement that they will continue to mount.
It’s as if “the economy as a whole has fallen into some sudden black hole,” said Kathy Bostjancic, chief U.S. financial economist at Oxford Economics.
Schools struggle to safely get free meals to needy students (Sparky1)
That’s left families already struggling to put food on the table more desperate and schools searching for ways to keep serving those in need safely. Among the biggest school districts to suspend its federally assisted meal program was in Houston, the nation’s fourth-largest city, after a worker was exposed to the coronavirus.
Millions of low-income children are still waiting for federal food aid (Sparky1)
The federal Department of Agriculture acted on many of the measures, including making it easier for kids whose schools have closed to pick up meals, providing additional funds to many food stamp recipients and suspending work requirements for certain adults who receive food stamps.
10,000 families visit San Antonio Food Bank as coronavirus exacerbates food insecurity (Sparky1)
Cooper wants people to know the food bank cares and they’re doing everything they can to help them. He hasn’t seen this big a crisis or this big a line in 25 years.
He called donations from Sysco Foods, Labatt Foods, and Ben E. Keith Foods a lifesaver today. Their food typically goes to San Antonio restaurants, but today it helped families in need.
New York City hires laborers to bury dead in Hart Island potter’s field amid coronavirus surge (Sparky1)
Before burial, the dead are wrapped in body bags and placed inside pine caskets. The deceased’s name is scrawled in large letters on each casket, which helps should a body need to be disinterred later. They are buried in long narrow trenches excavated by digging machines.
Yemen has 1st confirmed virus case, more than 10k in Israel (Sparky1)
Yemen is a uniquely dangerous place for the coronavirus to spread. Repeated bombings and ground fighting over five years of war have destroyed or closed more than half its health facilities. Deep poverty, dire water shortages and a lack of adequate sanitation have made the country a breeding ground for disease.
To explore these questions, I spoke to three guests: the NSA whistleblower Edward Snowden, now President of the Board of the Freedom of the Press Foundation; Andray Domise, a contributing editor of the Canadian newsmagazine Maclean’s who has written and spoken in a very insightful way about these issues; and Cassie King, a young, courageous and experienced investigator and activist with Direct Action Everywhere, who has been inside numerous factory farms in the U.S. and has worked extensively on the impact on the public health from these industrial practices.
The COVID-19 Fraud – It’s Massive (thc0655)
Senator Dr. Scott Jensen of Minnesota came out to expose how the AMA is encouraging American doctors to overcount coronavirus deaths across the US. He showed a 7-page document coaching him, as a doctor, to fill out death certificates with a COVID-19 diagnosis without a lab test to confirm the patient actually had the virus. Why? Because of the package for this relief, hospitals are paid more to attend this virus.
In essence, the release told of a resident of the Juvenile Temporary Detention Center having come down with COVID-19 symptoms, and tested positive for the same (full release can be found at the end of this article).
Shortly after the Chief Justice’s press release, members of Chicago’s 12th Police District began to put the information together that the juvenile from the press release was in fact the career armed robbery suspect that they had taken into custody and processed the week prior.
Apple and Google team up on virus ‘contact tracing’ by smartphone (Sparky1)
The move comes with governments around the world studying or implementing measures to use smartphone location technology to identify people with the virus and keep them from infecting others, even as the efforts raise privacy and civil liberties concerns.
US President Donald Trump said during a briefing that the government would take “a very strong look” at the contact-tracing collaboration.
Virus appears to strike men, overweight people harder (Sparky1)
French emergency rooms have seen “a very large proportion of overweight or obese patients,” ICU doctor Matthieu Schmidt at the Pitie-Salpetriere hospital in Paris told broadcaster France 2, adding that “three quarters” of all patients were men.
In New York there is a similar picture emerging.
This Curve Will Never Flatten Again: Fed Balance Sheet Hits $6.1 Trillion, Up $2 Trillion In 1 Month (CleanEnergyFan)
Total Fed assets grew by $293Bn to $6.08 trillion as of close, April 8, with the increase primarily driven by $294bn of Treasury securities added to the SOMA portfolio. Through its credit facilities, the Fed also extended $680bn in temporary liquidity to various counterparties, a decline of $61bn from last week.
Trump Backs Moon Mining Initiative With Executive Order (Michael S.)
This executive order should come as no surprise. Trump has taken a consistent interest in asserting American power in the final frontier, creating the Space Force branch of the U.S. military in 2018 with the goal of carrying out space warfare if needed. The new executive order, however, now aims to clear the path for businesses to go all-in on Trump’s plans.
Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust (Sparky1)
JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are each in the process of setting up independent companies to own oil and gas assets, said three people who were not authorized to discuss the matter publicly. The banks are also looking to hire executives with relevant expertise to manage them, the sources said.
New, larger wave of locusts threatens millions in Africa (Sparky1)
It is the locusts that “everyone is talking about,” said Yoweri Aboket, a farmer in Uganda. “Once they land in your garden they do total destruction. Some people will even tell you that the locusts are more destructive than the coronavirus. There are even some who don’t believe that the virus will reach here.”
3 deaths expose fears for strength of US food-supply chain (Sparky1)
While it’s unclear whether the deaths had anything to with their workplace, the news exposes the fragility of global supply chains that are needed to keep grocery stores stocked after panic buying left shelves empty. Vice President Mike Pence said Tuesday that these workers are “vital,” calling on them to “show up and do your job” to keep the nation fed.
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