Business, Economics, and Taxes: Capitalism. Yay? >=(

[Kepler]

Yeah bad typo. I’d read it correctly

I make them all the time. :-)

[FadeToBlack&Gold]

No, they sent over a billion to over a million dead people.

Things that would be major scandals of incompetence for any other administration don't ever crack the Top 100 with this one.

Deplorables will blame Obama holdovers in the Treasury Dept. Nothing to see here.

[aparch]

Deplorables will blame Obama holdovers in the Treasury Dept. Nothing to see here.

It shouldn't, but I'm still mildly shocked when people continue to support the "Party of Leopards eating people's faces" as they eat people's faces.

[Kepler]

It shouldn't, but I'm still mildly shocked when people continue to support the "Party of Leopards eating people's faces" as they eat people's faces.

Republicans: "If you vote for us we will f-ck everybody, especially you."

Republican voters: "So, you'll f-ck the n-ggers? I'm in!"

Republicans: ¯\_(ツ)_/¯

[ScoobyDoo]

Republicans: "If you vote for us we will f-ck everybody, especially you."

Republican voters: "So, you'll f-ck the n-ggers?" I'm in!"

Republicans: ¯\_(ツ)_/¯

Exactly. Perfectly stated.

[rufus]

Republicans: "If you vote for us we will f-ck everybody, especially you."

Republican voters: "So, you'll f-ck the n-ggers?" I'm in!"

Republicans: ¯\_(ツ)_/¯

Long tradition of the slave owners f-cking the n-ggers

They hate them, and consider them subhuman, but they'll still f-ck them.

[aparch]

Andy Slavitt @ASlavitt: "Drug companies around the world are getting excited about the United States.

The view is the U.S. and Brazil are the places they consider “reliable hot spots for COVID-19 spread,” an ideal place to test a vaccine."

We're number one! We're number one! We're ... gonna die as test patients for various drug companies to profit off us.

[MissThundercat]

No, they sent over a billion to over a million dead people.

Things that would be major scandals of incompetence for any other administration don't ever crack the Top 100 with this one.

This guy here is dead!

Cross him off then!

[Handyman]

https://***********/Moonalice/status...05019140571137

"Big day for #StopHate4Profit: Unilever, Honda, Coca-Cola, and Hershey’s joined the “pause.” Does it matter? Investors think so. FB lost ~$55.8 billion in value today, costing Zuck ~$15.75 billion. Amplifying hate for profit is no longer acceptable."

[Handyman]

https://***********/nytimes/status/1278382894206062595

The nascent restart of America’s economy has begun to stall as a surge in new coronavirus cases dampens consumer and business activity across states like Florida, Texas and Arizona.

After weeks of a pandemic-induced contraction, the economy had begun rebounding faster than many economists expected from mid-April into June, as infection rates stabilized or fell across much of the country and the federal government injected trillions of dollars in the economy. States began to reopen, shoppers increased their spending and employers started to hire back furloughed workers.

But there were signs in late May and early June that the pace of recovery was beginning to slow, even before another wave of infections swept through states that had moved quickly to ease limits on public gatherings. In recent weeks, as that wave intensified, real-time economic data began to show the economy moving backward as rising infection fears spooked consumers.

The national jobs report, scheduled to be released on Thursday by the Labor Department, is expected to obscure that reversal. Forecasters expect the report, drawn from data compiled in the middle of the month, to show the economy added about three million jobs in June. That would represent progress, but nowhere close to victory against the more than 20 million jobs shed at the trough of the recession.

Recent detailed data tell a more sobering story. New job postings on the employment platform ZipRecruiter fell in June after rising sharply in May. Data on small business openings and employment from Homebase, which provides scheduling and time tracking software for businesses, show that small business employment and openings worsened over the past week, after plateauing for much of June. The Homebase data showed a nearly 40 percent improvement for small business activity in May; across all of June, that fell to 6 percent.

States suffering infection surges, like Texas, began to see layoffs and business closings even before officials moved to reimpose some restrictions on economic activity, such as closing bars.

Foot traffic to retailers and other businesses declined in the third week of June in Houston, Orlando, Jacksonville, Phoenix and other large cities across the southern states where infections have spiked, according to an analysis of Safegraph.com data by researchers at the American Enterprise Institute in Washington. Data from 40 million households compiled by the financial firm Commerce Signals shows that after weeks of improvement, credit and debit card spending declined at the end of May across most states.
The nascent restart of America’s economy has begun to stall as a surge in new coronavirus cases dampens consumer and business activity across states like Florida, Texas and Arizona.

[rufus]

As anybody with a brain could have told Dumpie. No matter what steps you take to restart the economy, no matter how hard you push for it, the economy is not going to recover if people don't feel safe to be out there in it.

[French Rage]

Core unemployment up from 5% to 5.9% in the last month. https://***********/JedKolko/status/1278669820414685189

[FadeToBlack&Gold]

Core unemployment up from 5% to 5.9% in the last month. https://***********/JedKolko/status/1278669820414685189

It's going to be 7-8% by the end of the summer, and that doesn't even include most white collar cuts yet.

[Handyman]

And education layoffs when districts stay home. Support staff at schools are gonna be gutted.

[aparch]

New NAFTA (USMCA) was hailed by Trump as a way to force automakers/parts producers into moving their plants to the US to meet the minimum percentage of US parts to make cars tariff free.

Instead: automakers / parts producers are using a loophole of higher wages to stay in Mexico because paying $16 an hour to stay in Mexico is cheaper than moving a whole plant to the US.