From the Wall Street Journal: America Needed Coronavirus Tests. The Government Failed. Why did the CDC prevent coronavirus testing when the outbreak started? The same reason the FBI, CIA and NSA in-effect allowed the September 11th attack on New York and Virginia; the...
America
The Money-Printing Gods Have Failed
Hooray! Finally even the robo-machines and day traders are puking, not BTFDing. Today’s 3,000 Dow Point Dump says even they have had enough of the craven dolts who occupy the Eccles Building. You do not need a PhD in economics—or even a night school survey course—to...
The Mystery Deepens Over The Pre-Dawn Police Killing Of Duncan Lemp
Five days after shooting 21-year-old Duncan Lemp in a predawn raid, the Montgomery County, Maryland, Police Department announced Tuesday that the killing was immaculate. Under pressure by media criticism, the police department issued a detailed statement...
News Roundup 3/18/20
US News Federal prosecutors have dropped the charges against Concord Management, an alleged part of the Russiagate conspiracy. The company was alleged to have fun online ads to ‘sow discord’ in the US. [Link]The Space Forces has its first offensive weapons system. It...
Direct Payments From Government is Not the Way to Stimulate the Economy
The latest in the Federal government’s response to the coronavirus pandemic is President Trump’s announcement of a “stimulus package” estimated between $850 billion to $1 trillion. The plan reportedly includes $50 to $100 billion bailouts to the airline industry, $200...
Don’t Bailout The Share Buyback Queens
From Wolf Richter at Wolf Street. The Trump administration is considering a $850-billion stimulus package (bailout) for corporate America. This includes a bailout for the airline industry - the same airline industry that spent the past few years spending cash and...
3/16/20 Jim Bovard on the Police Killing of Duncan Lemp
Jim Bovard shares the story of the death of Duncan Lemp, a 21-year-old Maryland man recently killed by police in his home in the middle of the night. The police aren't releasing their side of the story yet, but it looks as though Lemp hadn't even been charged with any...
Think Deficits Are Bad Now? You Ain’t Seen Nothin’ Yet
The Trump administration has been operating with a crisis-like fiscal policy for nearly four years. Now it looks like America’s hurtling toward a genuine economic crisis. What’s next? The U.S. appears to be heading for economic lockdown as the impact of the...
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