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Coronavirus update May 1

Financial Crisis, Current Events

Coronavirus
- Singaporean who breached coronavirus stay-home notice to eat bak kut teh sentenced to 6 weeks' jail
- Sunday’s Boston Globe runs 21 pages of death notices as coronavirus continues to claim lives
- Losing It: 72% Of Locked-Down Americans Say They’ll Reach ‘Breaking Point’ By Mid-June
- McCaughey: Homemade Masks Only 2 Percent Effective
- Coronavirus antibody tests have "really terrible" accuracy, researcher says
- CDC Extends Social Distancing Guidelines To Apply To Pets
- Dozens Of Bodies Found In Unrefrigerated Trucks Near Brooklyn Funeral Home

Business/Economy
- Coronavirus cash crunch leading to more Americans withdrawing from 401k accounts
- The coronavirus has caused a wave of early retirement
- Unprecedented Pace Of Corporate Debt Issuance Has Crippled Corporate Fundamentals
- Mnuchin: 'You're going to see the economy really bounce back in July, August, September'
- COVID-19 jobless rates will be comparable to Great Depression: Trump economic adviser
- White House Economic Adviser: Q2 GDP Will Be Biggest Negative Number Since Great Depression; -20% To -30%
- GM Suspends Dividend, Stock Buyback Program To Preserve Cash
- For Houston, a One-Two Punch: ‘It’s Going to Be Devastating’
- Mnuchin Says It's "Highly Unlikely" Fed Will Buy Stocks; "Poorly Managed States" Won't Get Bailout
- Tesla Drops Its D&O Insurance, Says Elon Musk Will Now "Personally Provide Coverage"
- Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B
- Uber reportedly may cut around 20% of workforce; CTO resigns
- Coronavirus Relief Often Pays Workers More Than Work
- Greenspan Sees Rebound After 'Pretty Awful' Second Quarter
- The U.S. economy shrank at a 4.8% annual rate in the first quarter, its biggest contraction since the recession in 2008.
- Dividend Massacre in This Crisis is Already Breaking Records, But it Just Started
- U.S. jobless claims climb 3.8 million in late April to push coronavirus total to 30 million
- US Consumer Spending Collapses By Record, Worse Annual Drop Than Peak Of Lehman Crisis
- Fed’s Powell Says More Spending Will Be Needed From Congress
- US pending home sales sank 20.8% in March
- U.S. Stocks Have Their Best Month Since 1987
- Consumer Spending Plunges Record 7.5% on Virus Fears, Job Losses
- April Will Be The Worst Month On Record For Auto Sales
- $6.66 Trillion
- Investors Baffled By Soaring Stocks In ‘Monster’ Depression
- New orders reading in key ISM factory index is at its worst since the 1950s
- Stymied in Seeking Benefits, Millions of Unemployed Go Uncounted
- Congressman warns national debt could reach $30 trillion by end of September
- US Manufacturing Surveys Show Record Collapse In Output, Orders, & Jobs
- Amazon Extends Work-From-Home Policy Through Oct. 2
- Mnuchin Requests Private Schools Return PPP Loans
- Elon Musk tweets that Tesla shares are ‘too high’
- U.S. Homeowners are Increasingly Delaying Mortgage Payments

Government/Politics
- Trump says briefings not worth his time after disinfectant gaffe
- Gavin Newsom Declares California a ‘Nation-State’
- Trump Says 'COVID Reparations' Coming: US Will Bill China At Least $160 Billion
- "I Don't Need A Lecture": Pelosi Praises Biden For His Response To Sexual Assault Allegations Despite Biden Not Responding
- Biden Denies Tara Reade’s Assault Allegation: ‘This Never Happened’
- The Finance 202: Trump officials spook economists with talk of skipping debt payments to China
- Trump Will Thwart Investment of US Pension Funds In China
- Why Won’t TV News Book Tara Reade?
- Prominent Democratic women are standing by Joe Biden amid Tara Reade's sexual assault claim

World
- Japan mayor under fire for 'women dawdle at shops' remark
- ‘There Are No Viruses Here’: Leader of Belarus Scoffs at Lockdowns
- Singapore to propose law to enable virtual marriage solemnisations amid Covid-19 outbreak
- New Zealand’s Prime Minister May Be the Most Effective Leader on the Planet
- Central America: Unrest, repression grow amid coronavirus crisis
- From private testing for the rich to unrest in banlieues, coronavirus is highlighting France's stark divide
- Macron issues ultimatum to Europe's German bloc: cough up Covid trillions or lose the single market
- Mexico's Pemex bleeds more red ink in nearly $24 billion quarterly loss
- European Central Bank to allow banks to borrow at minus 1 percent
- Swedish city to dump tonne of chicken manure in park to deter visitors
- Deutsche Bank Capitulates: Starts Charging Negative Rate On All New Deposit Accounts Over €100,000
- UK Headed For "Deep Recession" As Manufacturing Activity Sees Record Slump In April
- In Lockdown, Delhi Is Frozen in Fear and the Present Tense
- Spanish Beach Sprayed With Bleach, Causing “Brutal Damage” to Local Animals

Local
- Georgia unemployment claims reach 1.3M since mid-March

Lockdown/Reopening
- Reopening Has Begun. No One Is Sure What Happens Next.
- A Few Thousand Protest Stay-at-Home Order at Wisconsin State Capitol
- This Japanese Island Lifted Its Coronavirus Lockdown Too Soon and Became a Warning to the World
- Protests Mount To Reopen the Country: Pictures
- California heat wave draws large crowds to beaches despite stay-at-home order
- 'I want my life back': Germans protest against lockdown
- Governor Set to Close All Beaches and State Parks in California
- Hundreds of protesters, some carrying guns in the state Capitol, demonstrate against Michigan's emergency measures

Suicide
- Head of Russian hospital falls 50 feet during coronavirus call
- Exasperation Grows Over Delays Trying To Sign Up For Unemployment, ‘People Have No Food, People Are Talking About Suicide’
- Top Manhattan ER doc commits suicide, shaken by coronavirus onslaught
- EMT John Mondello kills himself after less than three months on the job
- Second Russian doctor plunges to their death amid coronavirus outbreak
- Doctor who recovered from coronavirus dies by suicide, police say

Military
- USS Kidd, another Navy warship at sea, reports a coronavirus outbreak

Food
- Violent Food & Fuel Shortage Riots Grip Venezuela Amid COVID-19 Lockdown
- U.S. Reels Toward Meat Shortages and the World May Be Next
- A New Problem Is Brewing in the Beer Industry: One Million Kegs Are Going Stale
- Zimbabwe food crisis worsens with COVID-19 lockdown extension
- American Farms Cull Millions Of Chickens Amid Virus-Related Staff Shortages At Processing Plants
- National Guard Deployed At Nation's Food Banks To Ensure Stability During Unprecedented Times
- USDA let millions of pounds of food rot while food-bank demand soared
- Warnings of unrest mount as coronavirus hits food availability
- Tyson Foods chairman offers dark warning about the food supply chain as processing plants close
- Trump to Invoke Defense Production Act: Who Will Be Forced to Work at Meat Plants?
- Food Lines a Mile Long in America’s Second-Wealthiest State
- Powerful Meat Industry Holds More Sway After Trump’s Order
- McDonalds Starts To Ration Meat Amid Supply Chain "Concerns"
- Kroger is limiting ground beef and pork purchases in some stores
- An Idaho farm is giving away 2 million potatoes so they don’t go to waste

Oil
- Why More Than Two Dozen Oil Tankers Are Anchored Off the Southern California Coast
- In 2020 Oil-Exporters' Income Will Plunge By Over $1 Trillion, Forcing Widespread Stock Liquidations
- Diamond Offshore files for bankruptcy, stock plunges
- Exxon Reports First Quarterly Loss In 32 Years

Precious metals
- Australia Flies Gold Bars 11,000 Miles to New York to Ease Supply Squeeze
- The World's Oldest Gold Trader Is Closing
- Silver hasn’t been this cheap in 5,000 years of human history
- After Gold & Oil Contract Chaos, CME Group Secures $7 Billion Credit Line "In Case Of COMEX Member Default"

Currency
- Italian Town Creates New Currency to Cope With COVID-19

Weather
- 50 million Americans at risk for next severe weather outbreak

UFO
- Trump Says 'Unidentified Aerial Phenomena' Clip Is 'Hell of a Video': 'I Just Wonder If It’s Real'
- Harry Reid Says Footage of UFOs 'Only Scratches The Surface'

Twitter
- Tanker vessels anchored off the coast of Southern California

Posted: 2020-05-01 22:29:41


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