Economy
Stimulus checks headed for stock market
With the next round of $1,400 stimulus checks days away from being delivered, retail investors may funnel a good chunk of that newfound money into U.S. stocks.
A recent Deutsche Bank survey found that 37% of Main Street investors, some of who could be members of the Reddit community, will plow a “large chunk” of stimulus money, about $170 billion, “directly into equities.”
House Passes $1.9 Trillion Stimulus; Next Stop, Biden’s Desk
The House on Wednesday passed the $1.9 trillion stimulus package following modifications made by the Senate to their original bill. It now heads to President Biden’s desk, where he is expected to sign it on Friday according to White House spokeswoman Jen Psaki.
In a Wednesday afternoon statement, President Biden – or whoever wrote it – said: “Now we move forward” with the legislation, which includes $1,400 for eligible residents in lieu of the long-promised $2,000 payments. The statement confirms a Friday signature.
One in Five U.S. Adults Say They May Not Take Covid-19 Vaccine
Covid-19 vaccination is ramping up in the U.S. as states loosen eligibility requirements, but millions of Americans still say they may not get a shot.
More than one in five adults don’t necessarily expect to get vaccinated, according to a Census Bureau survey completed at the beginning of March. About one-quarter of Americans have already received a Covid-19 vaccine, while the remaining 53% say they definitely expect to do so.
GameStop Just Collapsed After Topping Record Close
Update (1225ET): GME collapsed after we posted highlighting the craziness again, and is now halted for the
first second thirdfourth time…And AMC collapsed too…
In Nevada, a Utopian Vision Gets a Blockchain Twist
A cryptocurrency tycoon is pushing a state bill that would let private sector “innovation zones” test new technologies in mixed-use communities. What could go wrong?
For as long as Nevada has been a state, private sector influence has been a part of public life. Lobbying by 1950s casino owners shielded the Las Vegas Strip and its billions in annual gaming revenue from municipal taxation and oversight. Decades before slot machines came along, the state constitution enshrined tax limits on the mining industry, which persist to this day.
One in three Americans on unemployment struggle to pay for food, housing – survey
Nearly a third of U.S. households receiving unemployment benefits are struggling to cover routine expenses such as food, housing, and medical treatment, according to a survey published by the Commerce Department’s Census Bureau on Tuesday.
The findings of the Census Bureau’s experimental Household Pulse Survey, conducted from Feb. 3-15, underscore the hardships wrought by the year-long COVID-19 pandemic. They also challenge the argument from some quarters that jobless benefits were too generous and could discourage people from seeking work.
Hawaii Flooding Prompts Emergency Declaration, Evacuations And Fears Of Dam Failure
The governor of Hawaii declared a state of emergency after severe flooding across the state’s islands prompted evacuations, damaged homes and raised alarm over a possible dam failure.
Gov. David Ige signed the proclamation on Tuesday to release state general funds to help those impacted by the extreme weather, which he said is expected to continue until Friday. The order covers the counties of Hawaii, Maui, Kalawao and Kauai, as well as the city and county of Honolulu.
Environment
NASA, USDA partner on soil moisture tool for farmers, scientists
NASA and the U.S. Department of Agriculture (USDA) have teamed up to produce a new tool that will provide farmers, meteorologists and researchers with access to high-resolution data on soil moisture.
The initiative, announced Monday, was spearheaded by NASA’s Jet Propulsion Laboratory (JPL) and Goddard Space Flight Center and the USDA’s National Agricultural Statistics Service (NASS) in partnership with Virginia’s George Mason University.
The World Isn’t Building Back Better After the Pandemic
The exuberance of vaccine rollouts in rich countries is masking an ugly reality. Greenhouse gas emissions are already creeping higher than before the pandemic as economies come back to life.
That shouldn’t be a total surprise. Even as governments around the world have spent trillions of dollars to aid their nation’s recoveries, only a tiny fraction has gone toward initiatives that would also cut pollution.
Gold & Silver
Click to read the PM Daily Market Commentary
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
The post Daily Digest 3/10 – House Passes $1.9 Trillion Stimulus; Next Stop, Biden’s Desk, One in Five U.S. Adults Say They May Not Take Covid-19 Vaccine appeared first on Peak Prosperity.
from Peak Prosperity https://ift.tt/2OBFM2B
