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

[Deutsche Gopher Fan]

****. Forgot it was Thursday already. Unbelievable. 33 Mil now? What was continuing (because we should see the four week average rolling higher now).

According to some in my hood, that just stresses the need to OPEN IT ALL BACK UP. If you’re old or sick stay home but don’t get in their way!

 

[Kepler]

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

Honest to God, it's Mnuchin's response on Twitter to Axl Rose.

I showed Dr. Mrs. and her reply was, "great, that means by the Presidential Records Act of 1978 that entire thread is going into the National Archives."

 

[FadeToBlack&Gold]

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

Ah, Naples?

Florida's Westchester. Where those people take the jet when it gets cold.

 

[aparch]

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

Neiman Marcus joins J. Crew in filing for bankruptcy protection.

They're still predicting a "tsunami" of bankruptcies as none of these troubled companies want to be the last one filing.

 

[Kepler]

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

Neiman Marcus joins J. Crew in filing for bankruptcy protection.

So far, so good.

Any list of the 50 most obnoxious retail stores would include those.

 

[Kepler]

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

Honest to God, it's Mnuchin's response on Twitter to Axl Rose.

I didn't even notice the stinger in the tail. In that initial post where Munchin played d-ck-measuring with Axl on patriotism he attached the flag of Liberia, not the US. He changed it when it was pointed at but the internet is forever.

 

[Handyman]

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

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Schumer, Pelosi set to unveil "Rooseveltian" relief package <a href="https://t.co/9NFj2jfMsq">https://t.co/9NFj2jfMsq</a> <a href="https://t.co/jqKk1sDt0y">pic.twitter.com/jqKk1sDt0y</a></p>— The Hill (@thehill) <a href="https://twitter.com/thehill/status/1258423608331964417?ref_src=twsrc%5Etfw">May 7, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[ScoobyDoo]

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

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Schumer, Pelosi set to unveil "Rooseveltian" relief package <a href="https://t.co/9NFj2jfMsq">https://t.co/9NFj2jfMsq</a> <a href="https://t.co/jqKk1sDt0y">pic.twitter.com/jqKk1sDt0y</a></p>— The Hill (@thehill) <a href="https://twitter.com/thehill/status/1258423608331964417?ref_src=twsrc%5Etfw">May 7, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Schumer's remarks came in response to Senate Majority Leader Mitch McConnell’s (R-Ky.) statement earlier this week that Congress needs to "take a pause” before passing more pandemic relief legislation."

Good old **** the working man Turtle Boy. Always on cue.

 

[Rover]

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

So far, so good.

Any list of the 50 most obnoxious retail stores would include those.

Kep, its very progressive of you to root for thousands of low wage hard working and generally non-white retail folks to lose their jobs! Especially while you live the lifestyle of a plute relying on a wealthy spouse's income to support you. Can you say "clueless white privilege"?

 

[Handyman]

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

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Even by the standards of the coronavirus pandemic, Friday’s report on employment in the U.S. will be staggering. Economists expect the unemployment rate to reach 16%, by far the worst since the Great Depression, with as many as 22 million jobs lost. <a href="https://t.co/lMw5EWOYjL">https://t.co/lMw5EWOYjL</a></p>— The New York Times (@nytimes) <a href="https://twitter.com/nytimes/status/1258642818601451520?ref_src=twsrc%5Etfw">May 8, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[aparch]

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

April unemployment numbers dropped, and the numbers are huge. Lots of data to sort through.

Just in: The U.S. Bureau of Labor Statistics is reporting that 20.5 million jobs were lost in the month of April because of #coronavirus. The unemployment rate in America has risen to 14.7 percent, up from 4.4 percent in March. Worst numbers since the Great Depression.

Due to the different classifications, those who were laid off temporarily but weren't classified "correctly" (ie: furloughed without pay, etc.) would drive the percentage point 5% higher to be closer to 20% unemployment.

https://www.bls.gov/news.release/empsit.nr0.htm

CNBC said (and I cant find the breakdown) that college graduates unemployment jumped to 8%. High school graduates (Trump's base)? Up to now 20%+ unemployment.

 

[aparch]

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

Found the education breakdown. Its.... dramatic to see just how much a college degree is worth.

https://www.bls.gov/news.release/empsit.t04.htm

 

[Rover]

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

Found the education breakdown. Its.... dramatic to see just how much a college degree is worth.

https://www.bls.gov/news.release/empsit.t04.htm

That is fascinating. Especially since its usually conservatives who are pimping that "college degrees aren't worth it" schtick.

 

[aparch]

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

Also interesting listening to the discussion of the April jobs number summary: more CEOs and business owners are vocally admitting to the experts that this virus came at a great time to allow these companies to "streamline" and "correct" employment. These companies are not bringing every laid-off employee back even if the economy magically could go to 100% tomorrow.

The exact number of the 18 million classified as "temporary layoff" who actually return to work is a big unknown at this point.

 

[rufus]

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

That is fascinating. Especially since its usually conservatives who are pimping that "college degrees aren't worth it" schtick.

You mean all those ones with college degrees?

 

[FadeToBlack&Gold]

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

Found the education breakdown. Its.... dramatic to see just how much a college degree is worth.

https://www.bls.gov/news.release/empsit.t04.htm

All that means is that this hasn't caught up with white collar labor yet. Lots of contracts that were pending signature in March and April were suspended for further review or shelved.

 

[Jimjamesak]

All that means is that this hasn't caught up with white collar labor yet. Lots of contracts that were pending signature in March and April were suspended for further review or shelved.

Yeah, it’s usually blue collar taking it first.

We’re the first ones to starve, we’re the first ones to die...

 

[Kepler]

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

All that means is that this hasn't caught up with white collar labor yet.

Those numbers are incredible!

Unemployment rate year-over-year April:

[B]Education  2019    2020  Change[/B]
< HS        5.2    21.1    15.9
< Col       3.3    17.3    12.0
< BA        2.9    15.0    12.1
BA+         1.9     8.4     6.5

 

[rufus]

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

Yeah, it’s usually blue collar taking it first.

We’re the first ones to starve, we’re the first ones to die...

Last ones to get bailed out.

 

[mookie1995]

That is fascinating. Especially since its usually conservatives who are pimping that "college degrees aren't worth it" schtick.

Well, they aren’t worth IT