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Coronavirus update August 22

Current Events, Financial Crisis

Coronavirus
- Georgia, Texas and Florida lead the country in coronavirus cases per capita
- Sweden's Lead Epidemiologist: Wearing Face Masks Is "Very Dangerous"
- Covid is Now the Third Leading Cause of Death in the US

Business/Economics
- The Devastation Of The Middle Class: It Now Takes 53 Weeks Of Median Wages Every Year To Pay For Basic Needs
- Apple Hits $2 Trillion Market Cap
- Jobless claims climb back above 1 million
- Over One Million Americans Filed For Jobless Benefits Last Week
- Used Vehicle Prices Explode To All Time Highs After Plunging Just Months Ago
- As the Bubble Slowly Pops, the Economic Chain Reaction Is Now in Progress
- "These Are Staggering Numbers": Spending By Unemployed Americans Plunges As Fiscal Stimulus Ends
- This Is What The S&P Would Look Like Without The 5 Megacap Tech Stocks
- Existing Home Sales Soar By Record To Highest In 14 Years; Median Price Breaches $300K For First Time Ever

Government/Politics
- Democrats Nominate Harris for Vice President, as Obama Lashes Trump
- Joe Biden Accepts Democratic Nomination: ‘I Will Draw on the Best of Us’
- Watch: DNC Uses Duplicate "Fans" During Kamala Harris Livestream

Global
- Turkey Hit By Bank Runs, Currency Panic As Locals Sell Their Cars And Houses To Buy Gold While Lira Implodes
- World Trade Plunged To 'Lowest Levels' On Record In June

Disasters
- Fires, Blackouts, a Heat Wave and a Pandemic: California's 'Horrible' Month

Money/Currency
- Russian Bank Issues First "Precedent-Setting" Crypto-Backed Loan

Posted: 2020-08-22 07:38:38


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