☆ $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.
Yes, the state that removed criminal penalties for knowingly giving someone AIDS has imposed criminal penalties on anyone who might inadvertently spread Wuhan virus. Yes, the open-borders governor who claims he has no moral authority to tell Mexicans to stay out has ordered all Californians to stay in.
☆ Good Riddance To This Progressive Liberal Arts Indoctrination Center
Is Evergreen State College about to fold? Benjamin Boyce, who has become the indispensable reporter on the topic, thinks so. In a new video Boyce says current events lead him to believe “this college will be filing for bankruptcy, if not within the next week then by the end of the summer.”
☆ 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.
☆ Media basing their coverage on whether it will harm or help Trump.
The political media have been working extremely hard to craft a narrative that the spread of the coronavirus was essentially the fault of the man they had blamed for all other ills in recent years. How could the people not accept that narrative, particularly considering that most everyone in the media was pushing it?
☆ 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.
House Republicans on Monday night offered a detailed critique of what they called House Speaker Nancy Pelosi’s “socialist wish list” in House Democrats’ $2.5 trillion proposal for responding to the coronavirus outbreak. “Speaker Pelosi unveiled legislation aimed at exploiting the COVID-19 public health crisis by attempting to force the inclusion of a socialist wish list of policies that have nothing to do with the public health and economic emergency,” said House Minority Whip Steve Scalise, Louisiana Republican.
☆ 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.
Trump Eyes Grounding Jets, Halting Stock Trading, & Ordering Shelter In Place
⏩ Afternoon Thread Posts @ 14:00 ?
☆ Posted To This Community For Discussion
The Trump administration, moving quickly to halt the spread of the coronavirus, is seriously considering grounding all passenger air traffic for up to 30 days, temporarily halting stock trading on Wall Street, and imposing a shelter-in-place rule, according to officials.