Category: Economy

☆☆☆ THE ALL NIGHTER ☆☆☆

MORNING MUSTER Posts @ 03:00 PDT ?

Lawyers Sue To Keep Millions Of Foreign Workers In The U.S.

☆ A Transfer Of Immigration Authority To The Legislative Branch Of Government

Corporate immigration lawyers are asking a federal judge to take control of the immigration system from President Donald Trump and then suspend routine visa deadlines for at least two million foreign workers until after the coronavirus epidemic has passed.

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Bakken Shale Leader Whiting Petroleum Files For Bankruptcy

AFTERNOON THREAD Posts @ 14:00 PDT ?

☆ $20 Barrel Oil: A Bargain For Consumers, Challenge For Producers

Whiting Petroleum Corp., facing more than a quarter-billion dollar debt maturity, filed for bankruptcy Wednesday, perhaps the most illustrious of the shale explorers thus far humbled by an unforgiving rout in every corner of the oil business.

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☆☆☆ THE ALL NIGHTER ☆☆☆

MORNING MUSTER Posts @ 03:00 PDT ?

Here Are Some Answers To Questions About The Coronavirus Stimulus Bill Relief Checks

☆ PSA: Don’t Shoot Me, I’m Only The Piano Player

Those government stimulus checks will be on their way soon to millions of Americans. Many people have still have a lot of questions about them…

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Drugs, Suicide & Crime: Empirical Estimates Of The Human Toll Of The National Shutdown

AFTERNOON THREAD Posts @ 14:00 PDT ?

☆ The Longer The Shutdown Continues, The Greater The Cost

As the coronavirus pandemic continues across the world, leaders and policymakers have scrambled to respond to the growing health crisis. In the United States, multiple state governors have issued statements urging their citizens to follow social distancing guidelines. Other governors have taken more extreme measures, issuing orders to effectively lock down the entire state economy. The current goal of these responses has been to slow the spread of the virus in the hope of reducing the strain on the healthcare system. Discussion over the proper precautions is a necessity in such a time.

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Negative Rates Come To The US: One Month & Three Month Treasury Bill Yields Are Now Below Zero

AFTERNOON THREAD Posts @ 14:00 PDT ?

☆ Yield Curve Inversion Is Regarded As A Recession Indicator

Yields on both the 1-month and 3-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near zero and as investors have flocked to the safety of fixed income amid general market turmoil.

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Truckers On The Front Line Keep America Rolling Amid CCP Virus Pandemic

The ALL NIGHTER Posts @ 19:00 PDT ?

☆ Thank A Trucker, Not A Sports Or Entertainment Celebrity

One industry that’s rolling on throughout the closures and social-distancing measures is trucking. For years, the unsung road warriors have delivered essential goods, but scarcity has recast them as heroes in providing the necessities and comforts that Americans rely on.

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Senate Democrats Block Mammoth Coronavirus Stimulus Package

Afternoon Thread Posts @ 14:00 PDT ?

☆ Pelosi Claims House Dems Will Submit Their Own Version

Senate Democrats on Sunday blocked a coronavirus stimulus package from moving forward as talks on several key provisions remain stalled. Senators voted 47-47 on advancing a “shell” bill, a placeholder that the text of the stimulus legislation would have been swapped into, falling short of the three-fifths threshold needed to advance the proposal.  

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