Passionate exchange from a South Philly mom to Safehouse official and Governor Rendell. Says they sprung this on community @NBCPhiladelphia pic.twitter.com/iuixVnuMOP
— Miguel Martinez-Valle (@MiguelMValle) February 26, 2020
Anyway, good morning. pic.twitter.com/6UUhVmraoW
— Rudy Havenstein, bend the Fed. (@RudyHavenstein) February 27, 2020
Guest Post by Joe Guzzardi
One Capitol Hill lead pipe certainty: every year Congress will try to pass legislation to import more overseas workers, and an equally strong push to grant an amnesty for the millions of unlawfully present aliens that will include lifetime valid work permits. Annual congressional attempts to pass immigration legislation that will expand the workforce, and greatly increase the nation’s population, are as certain as rain. The strategy, so far unsuccessful, is for a prominent Republican to endorse the proposed bill. With Republicans on board, the media can then label the legislation bipartisan, a helpful tool in selling the bill to its unsuspecting, under-informed readers. Continue reading “Mulvaney: U.S. ‘Desperate’ for More People”
The US equity market is suffering its worst start to a year since 2009…
In the space of just six days, we went from record high to a ‘correction’ (over 3,000 Dow points and down over 10.5%)…
Continue reading “The Last Time This Happened Was Days Before The Great Depression”
Guest Post by Martin Armstrong
There is a new study out that actually is starting to understand cycles. Climate experts have discovered that there is a natural feedback loop that creates the basis of a cycle. It is like the words your mother told you, “Too much of anything is bad.” Many kids would love to just eat chocolate bars for dinner.
Continue reading “The Greenhouse Effect Can Lead to Global Cooling”
Guest Post by Ann Coulter
You might not have heard — because Trump is still president, so MSNBC and CNN were required to give hair-on-fire coverage of some mundane action he’s taken this week — but on Monday, Harvey Weinstein was convicted of rape and a criminal sexual act.
Update (0735ET): After yesterday’s rally fizzled, Germany is giving the ‘fiscal stimulus’ tape bomb one more go.
Yesterday, a German lawmaker poured cold water on reports that Germany might ditch its constitutional ‘debt break’ to boost spending in response to the economy-killing outbreak.
* * *
Discrimination against China and Chinese people have erupted since the Covid-19 outbreak in January. Anxieties are high as many are avoiding Chinatowns across the world for fear, they might contract the deadly virus.
From Australia to New York City to Toronto to England to San Francisco, Chinatowns in many regions of the world have transformed into ghost towns. We noted this phenomenon last week.
Lily Zhou, 39, who owns a Shanghai-style restaurant in Australia’s Chinatown, told Bloomberg her food sales had crashed 70% since late January, which is around the time the virus started making headlines. She said her operation can withstand another few months of low traffic, and then after that, she would have to close down.
Continue reading ““It’s Crazy” – Pandemic Potential Crushes ‘Chinatowns’ Worldwide”
Authored by Charles Hugh Smith via OfTwoMinds blog,
The economic storm hasn’t passed; the false calm is only the eye of the financial hurricane.
To understand the economic cataclysm ahead, do the math. Those expecting the Covid-19 pandemic to leave the U.S. economy untouched are implicitly making these preposterously unlikely claims:
1. China will resume full pre-pandemic production and shipping within the next two weeks.
2. Chinese consumers will resume borrowing and spending at pre-pandemic rates in a few weeks.
3. Every factory and every worker in China will resume full pre-pandemic production without any permanent closures or disruptions.
4. Corporate America’s just-in-time inventories will magically expand to cover weeks or months of supply chain disruption.
5. Not a single one of the thousands of people who flew direct from Wuhan to the U.S. in January is an asymptomatic carrier of the coronavirus who escaped detection at the airport.
6. Not a single one of the thousands of people who flew from China to the U.S. in February is an asymptomatic carrier of the coronavirus.
7. Not a single one of the thousands of people who are in self-quarantine broke the quarantine to go to Safeway for milk and eggs.
8. Not a single person who came down with Covid-19 after arriving in the U.S. feared being deported so they did not go to a hospital and are therefore unknown to authorities.
9. Even though U.S. officials have only tested a relative handful of the thousands of people who came from Covid-19 hotspots in China, they caught every single asymptomatic carrier.
10. Not a single asymptomatic carrier caught a flight from China to Southeast Asia and then promptly boarded a flight for the U.S.
Guest Post by The Zman
They say art holds a mirror up to society, which means something becomes art when it reveals the nature of society or just nature itself. The classical nude statues are art, rather than pornography, because they are idealized representations created to celebrate the human form. Literature becomes art when it portrays society in such a way that it reveals certain truths about the age. For example, The Great Gatsby is art, because it captures the age and the reality of materialism.
Guest Post by Kurt Schlichter
Ahoy, suckers! Conservative, Inc., is back at it again, trading in its classic cruise ship motif for a figurative dinghy in its never-ending quest to separate you from your money and themselves from the shredded tatters of their ruined dignity.
Continue reading “Embarrassing Festival Of Never Trump Losers Occurs For Some Reason”
On February 27, 1827, a group of masked and costumed students dance through the streets of New Orleans, Louisiana, marking the beginning of the city’s famous Mardi Gras celebrations.
The celebration of Carnival–or the weeks between Twelfth Night on January 6 and Ash Wednesday, the beginning of the Christian period of Lent–spread from Rome across Europe and later to the Americas. Nowhere in the United States is Carnival celebrated as grandly as in New Orleans, famous for its over-the-top parades and parties for Mardi Gras (or Fat Tuesday), the last day of the Carnival season.
Continue reading “THIS DAY IN HISTORY – New Orleanians take to the streets for Mardi Gras – 1827”
“But man, proud man,
Dressed in a little brief authority,
Most ignorant of what he’s most assured—
His glassy essence—like an angry ape
Plays such fantastic tricks before high heaven
As makes the angels weep.”
William Shakespeare, Measure for Measure
“The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.”
Hannah Arendt, The Origins of Totalitarianism
“It isn’t that they can’t see the solution. It is that they can’t see the problem.”
Gilbert K. Chesterton
Submitted by RiNS
