73.6 F
Tuesday, May 18, 2021

Nine Million Jobs At Risk Amid US Travel And Tourism Bust 

No other US industry has been more severely impacted by the virus pandemic than travel and tourism. The World Travel & Tourism Council (WTTC) published a report this week, protecting a "staggering 9.2 million jobs could be lost in the US Travel & Tourism sector in 2020 if barriers to global travel remain in place."  WTTC's…

$61 Million Of Meth Seized At Texas Border Crossings Amid Cartel Crime Wave 

Methamphetamine is flooding across the Mexico-US border at an all-time high, and U.S. Customs and Border Protection (CBP) officers have ramped up patrols at border crossings to disrupt the illegal drug trade made possible by Mexican drug cartels.   CBP released a statement on Nov. 3 detailing how the Colombia-Solidarity Bridge and World Trade Bridge border crossings recently…

Fukushima To Dump 1 Million Tons Of Radioactive Water Into Pacific

Tokyo Electric Power's Fukushima Daiichi Nuclear Power Station is expected to release more than one million tonnes of treated radioactive water from the destroyed nuclear power plant into the ocean after the 2021 Tokyo Olympic Games, according to the Asian Nikkei Review.  More than one thousand storage tanks at the Fukushima Daiichi site are lining the property…

59 Million Americans Expect Income Losses Ahead Of Presidential Election  

The Census Bureau's latest Household Pulse Survey speaks volume to the "K-shaped" recovery, where high-income Americans saw their jobs immediately return and "V-shaped" recoveries for stock and other asset prices, while middle- and lower-class people continue to experience job loss, food insecurity, unable to pay bills, and eviction or foreclosure.  The survey, conducted from Sept.…

US Passes 5 Million Coronavirus Cases, Brazil Passes 3 Million: Live Updates

Summary: US passes 5 million cases Brazil passes 3 million COVID cases Global cases (per JHU): 19,481,330, deaths: 723,599. Texas reports new cases, deaths; extends March emergency declaration Trump signs executive order extending COVID relief South Africa crosses 10k deaths US reports 1.2% increase in confirmed cases Arizona reports 1,054 new cases US deaths top…

HSBC Lost $200 Million In One Day When The Gold Market Broke

Last week, we discovered precisely which bank got hammered by the violent divergence between the spot and future price of gold. As we reported, "HSBC had 15 "back-testing exceptions" in January and March, when the firm was caught out by moves in the prices of precious metals. Europe’s biggest bank said ... problems were caused…

Nearly 1.5 Million More Tuberculosis Deaths Expected Due To Coronavirus Lockdowns

Since the coronavirus outbreak forced doctors and hospitals around the world to delay most other medical care to focus 100% on combating the outbreak, lapses in vaccination routines have led to the reemergence of diseases like polio and measles. Alarmed by this trend, one ER doctor and coronavirus survivor in the Bronx warned that the…

After 86 Million Miles In Space, NASA Astronauts Forced To Take 186 Mile COVID-19-Detour...

You know the coronavirus restrictions in place globally are serious when its easier to get back to Earth from the International Space Station than it is to get home once you've touched back down on the blue planet.  NASA astronauts Andrew Morgan and Jessica Meir are being forced to take a major detour on their way…

6.5 Million Initial Jobless Claims Tomorrow?

Last week, when consensus was expecting a "modest" 281K initial jobless claims, we said that SouthBay Research's Andrew Zatlin, who has regularly been the most accurate predictor of labor market prints, expected no less than 2.4 million initial jobless claims. He was off by a million: the actual number was a staggering 3.28 million, quadruple…

5 Million Potential Carriers Have Left Wuhan As Coronavirus Appears To Mutate Into “More...

Over the weekend, there were numerous media reports published in hopes of easing fears that the coronavirus spread was uncontained, and informing the general public just how seriously China takes its quarantine of no less than 17 cities and roughly 60 million people. Take this report from AFP, according to which Police at a roadblock…

Recent Posts

USD - United States Dollar