Economy
American Airlines says as many as 25,000 employees could be furloughed (TourGuideDC)
“We hate taking this step, as we know the impact it has on our hardworking team members,” Doug Parker, the airline’s chief executive, and Robert Isom, American’s president, wrote in a letter to employees.
The number of American employees facing layoffs is nearly 30 percent of the carrier’s U.S.-based workforce.
Out of Work: The coronavirus shutdown through the eyes of the recently unemployed (tmn)
My mom is good at saving money because she’s had to. She’s a public school teacher, and she was a single mom raising my sister and me from the time I was a kid. She’ll say, I don’t want things to be as hard for you as they have been for me. I’m taking this time to examine my relationship with money: how I spend, how I save. And how, weirdly, this is the most insecure I’ve felt career-wise, yet money-wise, I’m able to save and pay off some credit card debt.
Partially blinded by police (tmn)
The Washington Post found that eight people lost vision in one eye after being struck by police projectiles, including lead pellets packed in cloth pouches that were fired from shotguns. They were among 12 people who were partially blinded by police during a week of national unrest.
The documents show that both the Strategic National Stockpile, a national stockpile of equipment for public-health emergencies, and the Federal Emergency Management Agency (FEMA) have 900,000 gloves left in reserve after having shipped 82.7 million of them to states and other health authorities.
That 82.7 million represents jut 30% of the figure requested by authorities across the country, NBC News reported.
Jim Rickards: Depression Will Last 5 Years But World Will Be Changed FOR A GENERATION (Herman J.)
James Rickards, former Wall Street insider, lawyer, speaker, gold speculator, media commentator, and author of “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,” visits Liberty and Finance for the first time to discuss his upcoming keynote address at the 2020 Virtual Sprott Natural Resources Symposium, and to answer viewers’ questions.
Trump signs Hong Kong sanctions bill in blow for China (tmn)
Trump also announced that he had signed an executive order ending U.S. preferential treatment of Hong Kong. It follows up on his announcement in May that he would take steps to revoke the former colony’s status as a customs and travel territory separate from the rest of China.
Only 6% Of People Tested In D.C. Have Coronavirus Antibodies (TourGuideDC)
While some doctors say the presence of antibodies might protect people from contracting the virus again, others, including the CDC health officials, are not sure a positive antibody test guarantees immunity against COVID-19. Scientists also aren’t sure whether a person needs a certain volume of antibodies to protect them against the virus, nor how long those antibodies remain effective in the body.
The Great Covid-19 Deception and What You Need to Know to Survive (Tim N.)
How much effort has Big Pharma put into subverting this treatment regimen? In addition to denouncing its effectiveness, from Dr. Fauci and company, constant MSM hit pieces, the censoring of medical doctor’s articles and videos from the internet, there has also been a number of “studies” done that were literally sabotaged from the onset.
Zinc ions and zinc-ionophores, such as PT and PDTC, have previously been described as potent inhibitors of various RNA viruses. We therefore investigated whether PT-stimulated import of zinc ions into cells also inhibited the replication of nidoviruses in cell culture. Using GFP-expressing EAV and SARS-CoV, we found that the combination of 2 µM PT and 2 µM Zn2+ efficiently inhibited their replication, while not causing detectable cytoxicity. Inhibition of replication by PT and Zn2+ at similar concentrations (2–10 µM) was previously observed for several picornaviruses such as rhinoviruses, foot-and-mouth disease virus, coxsackievirus, and mengovirus.
Our findings suggest that continued trends in female educational attainment and access to contraception will hasten declines in fertility and slow population growth. A sustained TFR lower than the replacement level in many countries, including China and India, would have economic, social, environmental, and geopolitical consequences. Policy options to adapt to continued low fertility, while sustaining and enhancing female reproductive health, will be crucial in the years to come.
Is the Federal Reserve Sowing Seeds of Marxism? (thc0655)
Wealth inequality is an issue that both political sides should be willing to tackle because it can cause terrible consequences for a cohesive society. One can easily go off on the issues of personal responsibility and envy politics, but the reality is society must deal with the issue regardless of the morality of the issues – see “Trapped on a Deserted Island with 200 Hungry Savages.” While the Left is correct in their concerns, they are ignoring a major cause of the rampant, growing inequality in America – currency debasement and instead blame capitalism. Let’s take a simple example that demonstrates Fiat Currency Debasement and how it can create wealth inequality mathematically.
Will the Fracking Revolution Peak Before Ever Making Money? (Bill M.)
This failure to generate profits led to the Financial Times recently reporting that shale investors are having a “crisis of faith” and turning away from U.S. oil and gas investments. That’s been bad news for frackers because the entire so-called “shale revolution” was fueled by massive borrowing, and these companies are increasingly declaring bankruptcy, unable to pay back what they borrowed because they haven’t been turning a profit.
Scott Forbes, a vice president with leading energy industry research firm Wood Mackenzie, also has noted the structural problems in the finances of the fracking industry, referring to the current business model as “unsustainable.”
Fuel spill in Russia taking a devastating toll on the Arctic (Sparky1)
Russian authorities claim to have contained the massive spill in Norilsk, but a whistleblower and an environmentalist tell CNN the damage is much worse than disclosed and poses a threat to the ecosystem of the Arctic Ocean.
New climate study shows that we need to be patient when it comes to emissions mitigation (TourGuideDC)
These findings suggest that even with significant mitigation efforts, it will take time to observe changes. “Even if society sharply reduce greenhouse gas emissions (reductions of 5 percent per year or more of CO2, methane or other pollutants), it will take time before we can clearly detect the effect of these actions in terms of a slowing down of global warming,” study author Marianna Tronstad Lund, a senior researcher at the Center for International Climate Research (CICERO), told Space.com in an email.
First look under imperilled Antarctic glacier finds ‘warm water coming from all directions’ (Bill M.)
The warm currents could further destabilize the glacier, which is as large as the island of Great Britain and holds enough ice to boost global sea levels by an estimated 65 centimetres (see ‘A precarious position’). If it collapses, Thwaites could take other parts of the western Antarctic ice sheet with it and become the single largest driver of sea-level-rise this century.
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The post Daily Digest 7/16 – AA To Furlough 25k Employees, The Shutdown Through The Eyes Of The Recently Unemployed appeared first on Peak Prosperity.
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