April 21, 2020

The Coronavirus in America: The Year Ahead

A return to a pre-COVID-19 world is unlikely

…but we are mortgaging our futures to preserve 20th century lifestyles…

Rubio yearns for a 19th century industrial economy…

The Fed is spending $1 billion DAILY to prop up companies the 21st century left behind…

U.S. taxpayers set to be major investors in the struggling airline industry

Outdated industries are desperate to preserve an outdated past and avoid the future…

…the Paycheck Protection Program went bankrupt almost as soon as it opened, but  4,400 of the approved loans exceeded $5 million went to huge companies that were losing customers and relevancy long before the COVID-19 crisis.  

COVID-19 isn’t going away anytime soon…The New York Times surveyed a dozens of experts and published their predictions last week…

…look for in home quarantine to last for months, and after that for COVID-19 to surge and re-emerge leading to a series of expanding and contracting restrictions and shutdowns.

Meanwhile powerful business and corporate interests are desperate to preserve a way of life that will drastically change…

…spending huge amounts of our future wealth to prop up the oil industry…

while people turn to bicycles to avoid COVID-19…

“The coronavirus pandemic has sparked a surge in bike sales across the United States…a portion of the sales, especially in urban areas, are to people…who want to avoid the risk of contagion on buses or subways.”

And cratering cars sales…  

Expect U.S. Car Sales and Production to Decline Dramatically

But riding bicycles is healthy and the view is fabulous and getting better…

…Celebrate clean air and long forgotten beautiful vistas

“Gone was the familiar menacing red banner, indicating how each intake of breath is really just a toxic blast on the lungs, replaced instead by a healthy, cheerful green.”

The move towards small town and rural living has been reversing for some time and is now accelerating…

America’s Biggest Cities Were Already Losing Their Allure. What Happens Next?

New Yorkers who can afford it are…

“…packing up their apartments and heading for the hills or suburbs to escape the pandemic—some permanently”

Noted geographical economist Joel Kotkin has this to say…

“In the immediate future the monied classes in America will take a big hit, as their stock portfolios shrink, both acquisitions and new IPOs get sidetracked and the value of their properties drop…”

“The biggest long-term winner of the stay-at-home trend may well be Amazon… But other digital industries will profit as well, including food delivery services, streaming entertainment services, telemedicine, biomedicine, cloud computing, and online education.”

“The shift to remote work has created an enormous market for applications, which facilitate video conferencing and digital collaboration like Slack—the fastest growing business application on record—as well as Google Hangouts, Zoom, and Microsoft Teams.”

Making a living in front of a computer screen is our future. Getting an education in front of a computer screen is already here…

Michigan colleges don’t know if students will return to campus this fall

Lectures, courses, museums tours and more go online for free

As Maryland coronavirus cases surge past 5,500, schools prepare for possibility of online learning into the fall

Read more at VicNapier.com and my Medium.com page.

Links may lead to sites where the author has an affiliate relationship.

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