U.S. companies are leaving China thanks to the trade war. They’ll leave even more thanks to the pandemic. Sorry, Davos Man. Your China-led globalization is going out of style like bell bottoms. Global manufacturing consulting firm Kearney released its seventh annual Reshoring Index on Tuesday, showing what it called a “dramatic reversal” of a five-year […]
A 17-Year-Old Built One of the Most Popular Wuhan Virus Tracking Websites in the World…30 Million Visitors a Day…
Avi Schiffmann has been procrastinating on his school work, but he has a good excuse. The 17-year-old high schooler is the creator of one of the most visited coronavirus trackers in the world, which he says now takes up “100%” of his free time. The coronavirus pandemic doesn’t look like it will be over any […]
NYC Health Head Rejected NYPD Mask Plea: ‘I don’t give a rats’ asses about your cops’…
New York City’s health commissioner blew off an urgent NYPD request for 500,000 surgical masks as the coronavirus crisis mounted — telling a high-ranking police official that “I don’t give two rats’ asses about your cops,” The Post has learned. Dr. Oxiris Barbot made the heartless remark during a brief phone conversation in late March […]
How the Wuhan Virus Bailout Gave Wall Street a No-Lose Casino …
In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers some time early next year! “The S&P 500 should attain previous all-time highs,” Kolanovic wrote, “if the monetary measures are sustained.” The […]
Los Angeles Health Official Predicts County Will ‘Slowly Lift Restrictions over the Next 3 Months’…
Los Angeles County officials are eyeing “with all certainty” to extend its stay-at-home order for three more months as part of an effort to combat the Chinese coronavirus pandemic, reports The Los Angeles Times. Barbara Ferrer, director of the Los Angeles County Department of Public Health, told the county’s Board of Supervisors that officials are […]
Batshit Crazy!: Nancy Pelosi Unveils $3 Trillion, 1,815-Page Leftist Coronavirus Bill…
House Speaker Nancy Pelosi (D-CA) unveiled her $3 trillion phase four coronavirus bill on Tuesday that serves as a “policy wishlist” for Democrats and progressives. Pelosi unveiled the Heroes Act, which is a 1,815-page bill that the House will likely vote on Tuesday. The legislation was not negotiated with congressional Republicans or the Donald Trump […]
Pennsylvania Health Secretary Moved Mother Out of Personal Care Home After Ordering Nursing Homes to Accept COVID Patients…
Pennsylvania Health Secretary Rachel Levine’s mother moved out of a personal care home with the health secretary’s help, after Levine ordered all nursing homes and long-term facilities in the state to accept coronavirus patients from hospitals. Levine admitted Tuesday to moving the 95-year-old Pennsylvania resident out of her personal care home, which is similar to […]
China Seals Off Cities Near North Korea as New Clusters Grow…
China is sealing off cities in a northeastern province that borders North Korea as a growing cluster of cases threatens to undermine its hard-won containment of the coronavirus epidemic. Jilin city, the second-largest city in Jilin province, saw bus and rail services halted and residential compounds closed off on Wednesday after the discovery of six […]
Yuan, Futures Slide After Trump Orders Retirement Fund Investment in Chinese Stocks Blocked…
Having threatened last week that “COVID reparation” would be paid one way or another – and following Peter Navarro’s comments echoing the same rhetoric this morning – FOX Business reports that President Trump is moving ahead with his plans to block a government retirement fund from investing in Chinese equities considered a national security risk. […]
Yowza!: Deficit Soared to Record-Smashing $738B in April…
The Treasury Department on Tuesday said that the federal government ran a historic $738 billion deficit in April. The shortfall, which reflects the effects of the coronavirus pandemic, is about 3 times as large as the second-largest monthly deficit on record. It is larger than the federal deficit for all of fiscal year 2017, which […]
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