News From ZeroHedge, Page 3099

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  • Distribution Delays In Unemployment Benefits Seen In Several States 

    ZeroHedge - May 2nd 2020 8:45am EDT

    Distribution Delays In Unemployment Benefits Seen In Several States  Millions of Americans have lost their jobs in the past six weeks, the fastest destruction of the labor force in history, effectively wiping out every job created post-GFC. About one in five people have filed for unemployment benefits, suggesting coronavirus lockdowns have severely damaged the economy.  New […]

  • Berkshire Hathaway Reports Record $50 Billion Q1 Loss

    ZeroHedge - May 2nd 2020 8:38am EDT

    Berkshire Hathaway Reports Record $50 Billion Q1 Loss Berkshire Hathaway, the diversified, cash-rich investment vehicle/conglomerate controlled by Warren Buffett reported a record $49.7 billion loss – that’s $30.65 per Class A share equivalent, compared with $21.66 billion, or $13,209 a share, from Q1 2019 – the largest quarterly loss in the conglomerate’s history. As the […]

  • Austrian Cops May Intervene if They See People Kissing

    ZeroHedge - May 2nd 2020 8:10am EDT

    Austrian Cops May Intervene if They See People Kissing Authored by Paul Joseph Watson via Summit News, Despite being one of the first countries to begin relaxing its lockdown laws, authorities in Austria have said that police may intervene if they see people kissing. Yes, really. From May 15th onwards, Austrians will once again be […]

  • Data Privacy Advocates Alarmed By NHS’s New ‘Contact-Tracing’ App

    ZeroHedge - May 2nd 2020 7:35am EDT

    Data Privacy Advocates Alarmed By NHS’s New ‘Contact-Tracing’ App As both countries prepare to start unwinding the strict nationwide lockdowns imposed more than 6 weeks ago, the UK and France are collaborating on a new ‘voluntary’ surveillance app purportedly designed to help with ‘contact tracing’ for coronavirus patients. The Evening Standard reports ministers from both […]

  • Geopolitics Post-COVID-19

    ZeroHedge - May 2nd 2020 7:00am EDT

    Geopolitics Post-COVID-19 Authored by Alasdair Macleod via GoldMoney.com, Before the coronavirus caused governments to impose lockdowns, whole economies, markets and even currencies were already on course to be destroyed by a vicious downturn in bank lending at a time of contracting trade and record debt. The additional strains from the virus have intensified the crisis […]

  • Why Didn’t The Constitution Stop This?

    ZeroHedge - May 2nd 2020 12:00am EDT

    Why Didn’t The Constitution Stop This? Authored by Robert Wright via The American Institute for Economic Research, The genius of the U.S. Constitution is that the Framers, especially James Madison and Alexander Hamilton, saw it as a constraint on bad policymaking. Given the number of really bad policies that various US governments and officials, from […]

  • Macau Gaming Revenues Down 97% As Travel Restrictions Take Toll

    ZeroHedge - May 1st 2020 11:40pm EDT

    Macau Gaming Revenues Down 97% As Travel Restrictions Take Toll April gross gaming revenues at Macau casinos are down a staggering 96.8% year-on-year to MOP$754 million (US$87 million), as tourism to the gambling mecca has virtually disappeared due to travel restrictions barring the entry of all non-residents aside from those from mainland China, Hong Kong […]

  • There Is No Exit From COVID-19, Only Containment

    ZeroHedge - May 1st 2020 11:20pm EDT

    There Is No Exit From COVID-19, Only Containment Authored by M.K.Bhadrakumar via The Indian Punchline blog, From this point, the buck stops with the Modi government, as the country trudges along the Covid highway. The political move to tap into the residual spirit of Indian federalism in our highly polarised polity helped so far, as […]

  • New Coronavirus Study Claims Outbreak Will Last Longer Than 2 Years As 2/3rds Of Humanity Infected

    ZeroHedge - May 1st 2020 11:00pm EDT

    New Coronavirus Study Claims Outbreak Will Last Longer Than 2 Years As 2/3rds Of Humanity Infected It’s been a while since we saw a study projecting an extremely dire endgame for the coronavirus outbreak. Yet, as the battle over whether to reopen immediately or wait a few more weeks becomes almost universally-partisan, a non-peer-reviewed study […]

  • Oregon County Says “No Whites Allowed”

    ZeroHedge - May 1st 2020 10:40pm EDT

    Oregon County Says “No Whites Allowed” Authored by Simon Black via SovereignMan.com, Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity… and on occasion, poetic justice. “No whites allowed” safe space for employees […]

  • China Revives Centuries-Old Social Distancing Hat For Students

    ZeroHedge - May 1st 2020 10:20pm EDT

    China Revives Centuries-Old Social Distancing Hat For Students Students in eastern China wore social distancing hats as they returned to school following the coronavirus outbreak.  Images and videos have surfaced on popular Chinese social media platforms of students wearing self-made airplane winged hats on their heads and face masks in a classroom.  Will this work? […]

  • Why Michael Flynn Was Set Up

    ZeroHedge - May 1st 2020 10:00pm EDT

    Why Michael Flynn Was Set Up Authored by Roger Simon via The Epoch Times, The more we learn about the evils done to Michael Flynn, and they increase day by day, the more the FBI comes to resemble the KGB. Or is it the earlier version, the NKVD, whose leader Lavrentiy Beria famously declared “Show me […]

  • “Gone In 60 Seconds” – 19 Children In North Carolina Steal 46 Cars From Dealerships 

    ZeroHedge - May 1st 2020 9:40pm EDT

    “Gone In 60 Seconds” – 19 Children In North Carolina Steal 46 Cars From Dealerships  Crime has increased during every recession since the 1950s. As people lose their jobs, they sometimes resort to theft and robbery to compensate for lost income. As a depression unfolds across America, a group of 19 kids, ages 19 to 16, have been accused […]

  • Johnstone: The Way Liberals Smear Tara Reade Is Everything Rape Survivors Fear

    ZeroHedge - May 1st 2020 9:20pm EDT

    Johnstone: The Way Liberals Smear Tara Reade Is Everything Rape Survivors Fear Authored by Caitlin Johnstone via Medium.com, Former Georgia state congresswoman and gubernatorial candidate Stacey Abrams, who is on the Joe Biden running mate short list and making no secret of her desire for the job, said on CNN Tuesday night that she did not believe rape allegations […]

  • Newsom “Put Politics Over Data” With Beach Closure Order, Newport Mayor Says

    ZeroHedge - May 1st 2020 9:00pm EDT

    Newsom “Put Politics Over Data” With Beach Closure Order, Newport Mayor Says Update: It’s not just Newport Beach… Huntington Beach, CA is going offfff right now. Damn pic.twitter.com/CGfHtcKh31 — Yellow Red Sparks 🌕 (@yellowredsparks) May 1, 2020 *  *  * Authored by Ivan Pentchoukov via The Epoch Times, A mayor in California’s Newport Beach has […]

  • What You Need To Know About Govt. Grants, Loans, & Forbearance To Survive The Pandemic Economy

    ZeroHedge - May 1st 2020 8:40pm EDT

    What You Need To Know About Govt. Grants, Loans, & Forbearance To Survive The Pandemic Economy Authored by Diane Kennedy via The Organic Prepper blog, We learned a lot from the 2008-2009 Great Recession. As a CPA and real estate investor, I learned that sometimes there was absolutely nothing you can do to save a […]

  • “The Last Ship”: US Navy Keeping COVID-19 “Clean” Carrier Out At Sea Indefinitely 

    ZeroHedge - May 1st 2020 8:20pm EDT

    “The Last Ship”: US Navy Keeping COVID-19 “Clean” Carrier Out At Sea Indefinitely  The US Navy is keeping warships with crew deemed “clean” — that is, completely free of coronavirus cases — deployed for an additional length of time with no port calls and no deployment end date amid a worsening crisis aboard other ships, as Reuters reports: On any […]

  • Venezuela’s Gold Vaults Empty As Iran Takes Bullion For Oil Services Rendered

    ZeroHedge - May 1st 2020 8:00pm EDT

    Venezuela’s Gold Vaults Empty As Iran Takes Bullion For Oil Services Rendered With cash levels dwindling and its once mighty oil sector on its knees and needing help desperately, OilPrice.com’s Tsvetana Paraskova reports that Nicolas Maduro’s regime in Venezuela is paying Iran in gold for help with Venezuela’s crumbling oil industry, U.S. Special Representative for […]

  • Gundlach Stunned To Learn Fed Hasn’t Purchased A Single Corporate Bond Yet

    ZeroHedge - May 1st 2020 7:59pm EDT

    Gundlach Stunned To Learn Fed Hasn’t Purchased A Single Corporate Bond Yet Yesterday, when discussing the Fed’s latest $6.66 trillion balance sheet, we said that more than one month after the Fed announced its backstop for investment grade bonds and ETFs (followed shortly after by an expansion into fallen angel junk bonds), “what is most […]

  • Maryland Deploys National Guard To Protect Covid Tests From Feds

    ZeroHedge - May 1st 2020 7:40pm EDT

    Maryland Deploys National Guard To Protect Covid Tests From Feds Maryland Gov. Larry Hogan told the Washington Post in a live interview on Thursday that thousands of COVID-19 tests obtained by the state from South Korea are protected in a secret location by the National Gaurd.  “The National Guard and the State Police are both guarding these […]

  • Get Russian…

    ZeroHedge - May 1st 2020 7:20pm EDT

    Get Russian… Authored by Caitlin Johnstone via Medium.com, Dissent is Russian, or haven’t you heard? Dissent is Russian. Peace activism is Russian. Exposing war crimes is Russian. Inconveniencing Democrats is Russian. Tara Reade? Russian. Julian Assange? Russian. Jill Stein? Russian. Tulsi Gabbard? Russian. Russia? You bet your sweet ass that’s Russian. Conspiracy theories are Russian. […]

  • Kroger Begins Limiting Purchases On Ground Beef And Pork In Some Stores

    ZeroHedge - May 1st 2020 7:10pm EDT

    Kroger Begins Limiting Purchases On Ground Beef And Pork In Some Stores From bank run to bacon run. In an ominous confirmation of the just published article “Why The Meat Shortages Are Going To Be Much Worse Than Most Americans Are Anticipating”, the slowdown at meat processing plants from the coronavirus outbreak has led to […]

  • White House Blocks Dems Attempt To Drag Dr, Fauci To Testify Before Congress

    ZeroHedge - May 1st 2020 6:40pm EDT

    White House Blocks Dems Attempt To Drag Dr, Fauci To Testify Before Congress The Hill reports that the White House has blocked Dr. Anthony Fauci from testifying before an influential subcommittee of the House Appropriations Committee to discuss aspects of the Trump Administration’s handling of the response to the pandemic. Last time he appeared before […]

  • Is This Why Elon Musk Is Talking Down His Stock Price

    ZeroHedge - May 1st 2020 6:25pm EDT

    Is This Why Elon Musk Is Talking Down His Stock Price Submitted by Gordon Johnson of GLJ Research In our view, TSLA desperately needs money now; yet, at ~$700/shr, there’s limited demand from institutional investors for the type of raise ($4-$5bn) they need to do. So… Elon Musk needs to get the stock price down […]

  • SUVs Are Being Parked In The Middle Of The Ocean As Auto Inventory Crisis Deepens

    ZeroHedge - May 1st 2020 6:20pm EDT

    SUVs Are Being Parked In The Middle Of The Ocean As Auto Inventory Crisis Deepens What happens when you have an auto glut that simply won’t go away? What do you do with all of those unsold cars? It’s a question we first explored way back in 2014 in an article called “Where the World’s […]