The U.S. is slowly opening back up for business. But we’re far from coming out of this tunnel. About 20 million Americans remain unemployed compared to just six months ago. Despite this sobering number, we can take heart in a silver lining: The U.S. will recover, and it’ll recover before China, the place of origin […]
PUBLISHED THU, MAY 21 2020 12:43 PM EDT By Robert Frank America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a new report. Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg had the biggest gains, with Bezos adding $34.6 billion to his wealth and Zuckerberg adding $25 […]
This has become a national motto and a way of thinking. Freeloading has increased the nation’s China Corona pain and fear. Government alone cannot fight against corona. Why there are so many deaths– deaths on roads, deaths on railway tracks, deaths of hunger, deaths of no medical aid etc during the lockdown. We did very […]
Former Barack Obama adviser Rahm Emanuel, during a recent interview, reminded us of his 2008 financial crisis quotation, “Never allow a crisis to go to waste.” The COVID-19 pandemic has presented a wonderful opportunity for those of us who want greater control over our lives. Sadly, too many Americans have already taken the bait. We’ve […]
by Andrew Bieszad In the words of the 1970s band Bachman-Turner Overdrive, “You ain’t seen nothin’ yet.” While the above phrase may be a song lyric, it is very relevant to the current situation with the economy, for as poverty increases and COVID-19 forces the economy closed, the chief economist for Moody’s has declared that a […]
The Trump Presidency has been an unmitigated disaster. The Constitution has been illegally tossed aside by Trump and it will be difficult for businesses to overcome this new normal of heavy regulations that Trump is ushering in. Buffet-style restaurants like Souplantation (Sweet Tomatoes) will be unable to adhere to the new regulations and are being […]
The entire world is in the grip of China Corona Virus or COVID-19. India is also not an exception. But in India priorities are absolutely strange. In these hard times, the leaders, media, intellectuals and the people are engrossed with their agenda. Fight against COVID-19 seems to be the secondary. For everybody, the prime concern […]
What happens when you have an auto glut that simply won’t go away? What do you do with all of those unsold cars? It’s a question we first explored way back in 2014 in an article called “Where the World’s Unsold Cars Go to Die”. In that piece, we highlighted images from around the world of various […]
GERMANY has rattled China after joining the UK, France and the US in a rare attack, after Berlin called out Beijing’s responsibility for the global pandemic and even issued a $161bn invoice. Germany has sparked outrage in China after a major newspaper put together a $161bn invoice that Beijing “owes” Berlin following the impact of […]
Courtesy of IHSMarkit’s energy vice president Roger Diwan How did you end up with negative oil prices today? This happens when a physical futures contract find no buyers close to or at expiry. Let me explain what that means: A physical contract such as the NYMEX WTI has a delivery point at Cushing, OK, & date, […]
