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TheWorldNewsOrg

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TheWorldNewsOrg last won the day on February 21

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  1. He walked out of the hospital 5 days later holding his daughters hand and wants to race again as soon as this coronavirus stuff is over. His soon to be ex wife is happy he is alive..... There must be some drama going on there.
  2. So far 30mln initial unemployment claims out of a workforce of ~165mln = 18% or ~1/5 people in the workforce. And that number will get worse over the coming weeks/months. Things are looking very bleak... As we “reopen” in phases and attempt to resume “normal” activities, we are going to see a lot of businesses, particularly restaurants, retail and manufacturing which account for a large portion of the workforce, face the reality that the already over-leveraged and paycheck-to-paycheck consumer is nowhere to be found globally... I.e. diminished demand and spending. At that point the average consumer has missed a few rent and/or mortgage payments, is loaded up with debt on credit cards, has car loans, has student loans, has HELOC, has healthcare debt, etc. and is either unemployed already or is facing the threat of unemployment and reduced wages. They will have little to no reserves. Their main focus is to stay afloat and not discretionary spending. Consumer spending accounts for 60-70% of US GDP. Debt to GDP was already at nosebleed levels but will keep seeing new record highs. There will be a tsunami of both consumer and corporate defaults (banks have already warned about this in 1Q earnings and are exponentially increasing reserves to deal with the upcoming defaults)... it will be a vicious cycle of unemployment and plummeting consumer confidence leading to diminished spending leading to further unemployment and negative sentiment and so on and so forth... contagion and domino affects are real. This will impact every part of the economy and every corner of the world. We are not even considering a potential second or third wave of Covid. Again, we are just seeing the tip of the iceberg at the moment. We are in for a long and hard journey. Analysts predict some 50% of restaurants will never open their doors again. Many are not coming back.
    • Hello guest!
    Krajewski, whose formal title is “papal almoner,” or distributor of alms, said the sex workers most likely were undocumented, making it difficult for them to seek help from Italian state welfare offices.
  3. There was a twitter rumor going around in the last 48 hours that Zhengli SHI the chief scientist from the Wuhan institute of virology who used to study the different bat coronavirus, that she escaped China and is currently in Europe, specifically in France with her family seeking asylum and protection in the us consulate there. The same rumor also mentions that she has thousands of documents with her showing that the virus in need come from the lab (though she herself publicly denied this couple of months back when the lab leak runour started spreading likely due to CCP pressure). Since all this is rumor we have to take it with a grain of salt, however if this were true and she essentially becomes and whistleblower and defector from China with information that can prove the criminal negligence (or intentional) by the CCP, this can lead to the fall of the CCP as we know it and radical change to CCP vs the world relations.

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