from Portfolio Wealth Global:
by Michael Tennant, The New American:
A Kentucky couple has been placed under house arrest for refusing to sign a document saying they would self-quarantine after one of them tested positive for COVID-19, reports Louisville’s WAVE-TV.
Elizabeth Linscott, of Hardin County, Kentucky, was planning to visit her parents in Michigan. Her grandparents also wanted to see her, so she decided to get tested for the virus before making the trip. Her test came back positive.
The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America
by Michael Snyder, The Economic Collapse Blog:
Initially, we were told that the coronavirus lockdowns would just “temporarily” disrupt the U.S. economy, but now it is becoming clear that a lot of the damage will be permanent. We are starting to see businesses go belly up all over the country, and this includes some of the most iconic names in the retail world. When J.C. Penney announced that it would be declaring bankruptcy and closing hundreds of stores, I warned that would just be the tip of the iceberg, and that has definitely turned out to be the case. In fact, on Wednesday many analysts were absolutely shocked when news broke that Victoria’s Secret has decided to shut down about 250 stores…
by Cabot Phillips, Campus Reform:
- Campus Reform has reported multiple instances where professors have faced discipline for speaking out against popular viewpoints.
- Campus Reform identified the most egregious examples of professors who have fallen victim to “cancel culture.”
As we’ve reported extensively at Campus Reform, professors across America are facing mounting pressure to fall in line with the Left’s “Social Justice” movement. While it sounds nice, oftentimes, supporting “social justice” means supporting socialist, Marxist policies and organizations.
by Paul Craig Roberts, Paul Craig Roberts:
The “reopenings” underway in 30 states in the US might be in words only just as the ballyhooed “open” Swedish economy is not open in fact and has been closed by non-participation. The Swedish Riksbank reports that attendance at cinema, events, and sports is off 90%. Business at restaurants and cafes is down 70%, and the hotel occupancy rate is a meager 10%. The overall Swedish economy has declined 11%—more than the current estimate for the US—and consumer confidence surveys have plunged more in Sweden than in Europe as a whole.
by Richard Moorhead, Big League Politics:
Don’t count on them for help.
San Francisco Mayor London Breed announced that the city’s police department will no longer respond to calls that aren’t reporting criminal conduct at a Thursday press conference, with the ultra-progressive city instead opting to dispatch some form of trained professional to deal with a variety of situations.
The police department will also be required to liquidate its inventory of military-style rifles, potentially leaving the city vulnerable to a potential terrorist attack in which criminals outgun police with commonly available civilian firearms.
by F. William Engdahl, New Eastern Outlook:
Turkish President Recep Tayyip Erdogan has clearly decided to launch an offensive on multiple fronts, taking advantage of what he clearly perceives as a geopolitical vacuum. From his recent call to Islamic prayer at the Haga Sophia in Istanbul, to his breaking of the arms embargo to back the Tripoli regime against the advance of General Khalifa Haftar’s Libyan National Army in the East, from continuing military presence inside Syria to refusal to stop drilling for oil and gas in waters off Cyprus, as well as actions in Africa, Erdogan is clearly in an aggressive mode. Is there a larger strategy behind all this, far more than as a diversion from domestic Turkish economic problems?
by John Rubino, Dollar Collapse:
Real estate investor Marcel Arsenault has racked up Warren Buffett-scale profits over the past few credit cycles by loading up on “empty buildings” at the bottom, filling them with paying tenants, and then selling at the top. In a recent message to investors, he warns that the current market is especially tricky. Here’s an excerpt:
Our Rationale for a Highly Dangerous “Lazy W”
• The U.S. is already experiencing extremely sharp job losses.
• We project 26.9 million jobs lost between March and May, 2020.
• This implies an unemployment rate of 21.4% by May, 2020 – the highest since the 1930s.
by Tim Brown, DC Clothesline:
I fully support the right of any person to keep and bear arms as long as they are not engaging in criminal activity. Regardless of the color of their skin, all men have that God-given right. What they do not have the right to do is go armed in a “protest” and start harassing others who are simply minding their own business. Such was not the case in Stone Moutain, Georgia where armed blacks marched harassing white civilians and declaring “Black power, Black love.” They were calling for a Confederate carving to be removed from the park.
by Pam Martens and Russ Martens, Wall St On Parade:
The bankruptcy epidemic in the U.S. started last year, long before any COVID-19 pandemic had touched down. U.S. retailers ranked among the greatest casualties of 2019 with a total of 17 bankruptcies. Big names among the retail bankruptcies in 2019 included Gymboree on January 16; Charlotte Russe on February 3; Things Remembered on February 6; Payless ShoeSource on February 18; Charming Charlie on July 11; Barneys New York on August 6; and Forever 21 on September 29.