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

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Handyman said:
The North Face is pulling their ads from Facebook. Apparently they dont want to sell to old racists or something.

(staying with Instagram which is owned by FB because they want to sell to bots and influencers though)

edit: They pulled it from Insta too. Must have realized how stupid they would look if they didnt.
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Why didn't they just support Joe Biden? Or hire Kaepernick as a spokesperson?
 
Updated scoreboard ahead of this weeks report on Thursday:
Initial Jobless Claims
March 1-7 = 0.2 Mil
March 8-14 = 0.2 Mil
March 15-21 = 3.3 Mil
March 22-28 = 6.6 Mil
March 29-April 4 = 6.6 Mil
April 5-11 = 5.3 Mil
April 12-18 = 4.4 Mil
April 19-25 = 3.8 Mil
April 26-May 2 = 3.2 Mil
May 3-9 = 3.0 Mil
May 10-16 = 2.4 Mil
May 17-23 = 2.1 Mil
May 24-30 = 1.9 Mil
May 31-June 6 = 1.5 Mil
June 7-13 = 1.5 Mil
June 14-20 =
___________________
Total since March 1st = 46.1 Mil
initial jobless claims filed
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Another 1.5 Million new claims last week, much higher than anticipated. This makes the fourteenth straight week of Million+ new jobless claims being filed. 47.6 Million initial jobless claims filed in those fourteen weeks.

Continuing jobless claims maintains around 20 Million continue to receive unemployment benefits.

And, on top of all this, the unemployment stimulus of $600 is set to expire a week faster than everyone thought because of the difference in language between the Federal Government and State unemployment benefits. The $600 was set to expire "on or before July 31st (assuming a Saturday-to-Friday week)." State unemployement weeks are Sunday-to-Saturday, and the bonus ends on a Friday, meaning that the final full week with the $600 bonus is July 25th (July 26th in NY, because they're Monday-to-Sunday).
 
Kepler said:
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.
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Like, how hard is it for someone from the Treasury Dept to pick up the telephone, call the SSI office, ask if they can send over an excel spreadsheet of names/addresses, and cross reference with the SSI database of dead people?
 
aparch said:
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.
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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)_/¯
 
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Kepler said:
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)_/¯
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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.
 
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."
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We're number one! We're number one! We're ... gonna die as test patients for various drug companies to profit off us.
 
https://twitter.com/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.
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