Tag Archives: stock market

WHO ya gonna call?

From Salon:

More than a dozen U.S. health experts based at the headquarters of the World Health Organization (WHO) in Geneva provided real-time information about the new coronavirus in China last year, according to a new report.

President Donald Trump announced last week that the U.S. would stop providing funding to WHO, because it allegedly “missed the call” by not sounding the alarm “months earlier.” Trump, who also accused WHO of being “China-centric,” has ramped up his rhetoric against the organization after numerous media reports revealed that the president and his advisers did not head warnings about the emerging pandemic from intelligence agencieshealth expertseconomists and even top White House aides. The president continued to downplay the threat publicly in an apparent attempt to calm the stock market.

horton hears a who

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Make them all go first!

From HIVE at VANITY FAIR:

America is just over a week into the White House’s “Slow the Spread” coronavirus initiative, which recommends citizens practice social distancing and refrain as much as possible from leaving their homes. But Donald Trump has spent the past few days whining about the struggling stock market and signaling a return to business as usual, despite warnings from his own medical experts that an additional several weeks are necessary to contain the still-growing pandemic. Sending the country back into full-time work mode would undermine efforts to curb the outbreak and will almost certainly lead to more Americans dying—one worst-case model found that 2.2 million people could die if the outbreak is allowed to spread unmitigated. Right-wing media outlets know this, but they’re still backing the White House’s ill-advised pivot in near unison.

In fact, the death cult speed-run to save the stock market already has its first round of volunteers. On Monday night, Texas Lieutenant Governor Dan Patrick kicked things off by telling Tucker Carlson that he is ready “to take a chance on [my] survival in exchange for keeping the America that all America loves,” i.e. one in which business is booming. Carlson, who commended Patrick’s comments as a necessary “conversation,” discussed the proposal on Tuesday night with his colleague Brit Hume, who concluded that it is “an entirely reasonable viewpoint.”

death to smoochy covid19

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Ratched-ing Up the Worry

From POLITICO:

NORTH CHARLESTON, S.C. — President Donald Trump on Friday night tried to cast the global outbreak of the coronavirus as a liberal conspiracy intended to undermine his first term, lumping it alongside impeachment and the Mueller investigation.

He blamed the press for acting hysterically about the virus, which has now spread to China, Japan, South Korea, Iran, Italy and the U.S, and he downplayed its dangers, saying against expert opinion it was on par with the flu.

one flew over the cuckoo's nest

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The China Sin Drone

From Vox:

America, meet your newest superhero: He likes protectionist trade policies! Even though it’s not clear if he understands how they work.

It’s Tariff Man!

Okay, it’s not a real superhero. But it is Trump’s latest nickname — for himself.

the incredibles

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Hannity always takes a knee for Twitler

From Newsweek:

President Donald Trump is embroiled in a long-running verbal spat with NFL players over their kneeling during the national anthem to protest social injustice toward African-Americans. He has taken objection to their perceived disparagement of the star-and-striped flag, the national anthem and the military.

But on Wednesday night, the president talked through the “Retreat” bugle, a military tradition that serves to honor soldiers and veterans.

The president was speaking to one of his strongest supporters in the American media, Fox News’ Sean Hannity, at the Air National Guard in Middletown, Pennsylvania.

a fine romance

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Goldman Sucks

From THINK PROGRESS:

Last week, ThinkProgress revealed that Chairman Rep. Darrell Issa (R-CA) hired Peter Haller, a former Goldman Sachs vice president, as one of his top aides. Haller, who adopted his mother’s maiden name in 2008 and had escaped public scrutiny until now, coordinated an Oversight Committee letter to regulators demanding that they justify new Dodd-Frank rules impacting investment banks like his old employer, Goldman Sachs. After publication of our story, the Project on Government Oversight discovered more of Haller’s Oversight Committee letters, again on issues directly related to Goldman Sachs.

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Whistling in the Dark-o?

From Bloomberg Businessweek:

June 19 (Bloomberg) — Anadarko Petroleum Corp., the Texas oil company that owns 25 percent of the damaged well pouring crude into the Gulf of Mexico, said BP Plc, the project’s operator, should pay the costs from the spill because it acted recklessly and unsafely at the drilling site.

BP didn’t monitor or react to warning signs as the Macondo well was drilled, Chief Executive Officer Jim Hackett said yesterday in a statement. BP is responsible for damages under such conditions, Anadarko said.

“BP’s behavior and actions likely represent gross negligence or willful misconduct and thus affect the obligations of the parties under the operating agreement,” Hackett said in the statement.


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