May 19, 2020

Jamie Dimon says coronavirus crisis is ‘wake up call’ for a more inclusive economy

“It is my fervent hope that we use this crisis as a catalyst to rebuild an economy that creates and sustains opportunity for dramatically more people, especially those who have been left behind for too long. The last few months have laid bare the reality that, even before the pandemic hit, far too many people were living on the edge.”

Over 4 million Americans are now skipping their mortgage payments

Overall, 8.16% of all mortgages were in forbearance as of May 10, meaning borrowers can either skip or make reduced payments, the trade group said. That was up from 7.91% as of May 3, which is the smallest increase since March.

US home building collapses 30% in April amid pandemic

Meanwhile, permits for new construction, which in normal times is a sign of demand in the pipeline, fell 20.8 percent compared to March.

68% Of Unemployed Workers In The U.S. “Are Eligible For Payments That Are Greater Than Their Lost Earnings”

But by giving all of these unemployed workers a repeating 600 dollar bonus on top of existing unemployment benefits, Congress has actually created a very powerful incentive for Americans to be unemployed and to stay unemployed for as long as the bonuses last.

Nikki Haley: ‘The Gov’t Ended Up Helping a Lot of People They Shouldn’t Have’ in COVID-19 Stimulus Bills

“The problem is, we ended up, the government ended up helping a lot of people they shouldn’t have. You saw large companies that have access to capital and have investors who get profits when they win. We shouldn’t socialize their losses and have the taxpayers pay for it. You had universities that have massive endowments suddenly start to get money. You had hospitals that have low caseloads getting higher dollars than hospitals that have high caseloads.”

Why American life went on as normal during the killer pandemic of 1969

“Life continued as normal,” said Jeffrey Tucker, the editorial director for the American Institute for Economic Research. “But as with now, no one knew for certain how deadly [the pandemic] would turn out to be. Regardless, people went on with their lives…That generation approached viruses with calm, rationality and intelligence…We left disease mitigation to medical professionals, individuals and families, rather than politics, politicians and government.”

“People Will Die. People Do Die.” Wall Street Has Had Enough of the Lockdown

They note that roughly 37,000 Americans die every year in car accidents. But we haven’t outlawed cars; we have learned to live with the deaths.

Federal Government Buys Riot Gear, Increases Security Funding, Citing Coronavirus Pandemic

The purchase orders include requests for disposable cuffs, gas masks, ballistic helmets, and riot gloves, along with law enforcement protective equipment for federal police assigned to protect Veterans Affairs facilities. The orders were expedited under a special authorization “in response to Covid-19 outbreak.”

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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