News From ZeroHedge, Page 3120

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  • JCPenney Prepares To File For Bankruptcy

    ZeroHedge - Apr 23rd 2020 11:17pm EDT

    JCPenney Prepares To File For Bankruptcy It’s finally here. After a decade of management turnover, near misses, last minute rescues, and one valeant (sic) if disastrous attempt at an activist turnaround, one of the most iconic US retailers and mall anchors, J.C. Penney, is preparping to file for bankruptcy. According to the Journal, J.C. Penney […]

  • COVID-19 Pandemic – Another 9/11 Moment For The West

    ZeroHedge - Apr 23rd 2020 11:05pm EDT

    COVID-19 Pandemic – Another 9/11 Moment For The West Authored by Richard Kemp via The Gatestone Institute, The coronavirus pandemic is a 9/11 moment. Al Qaida had been at war with the West for years before the destruction of the twin towers. But it took that barbarism to galvanise its largely supine prey into action. […]

  • “ISIS Has Nothing Over Saudi Arabia”: Kingdom Reaches 800 Beheadings Under Salman

    ZeroHedge - Apr 23rd 2020 10:45pm EDT

    “ISIS Has Nothing Over Saudi Arabia”: Kingdom Reaches 800 Beheadings Under Salman Another grim milestone was reached this week, but not on the COVID-19 front. Human rights monitors have recorded that Saudi Arabia has carried out its 800th execution since King Salman bin Abdulaziz (and by extension MbS) began his rule five years ago — most being in the […]

  • Trump: Live By The Oil, Die By The Oil

    ZeroHedge - Apr 23rd 2020 10:25pm EDT

    Trump: Live By The Oil, Die By The Oil Authored by Tom Luongo via The Strategic Culture Foundation, From the very beginning I’ve been a staunch critic of President Trump’s “Energy Dominance” policy. And I was so for a myriad of reasons, but mostly because it was stupid. Not just stupid, monumentally stupid. Breathtakingly stupid. […]

  • Unintended Consequences: The Fed’s Record Liquidity Flood Has Broken Europe’s Funding Markets

    ZeroHedge - Apr 23rd 2020 10:12pm EDT

    Unintended Consequences: The Fed’s Record Liquidity Flood Has Broken Europe’s Funding Markets Another week, another record in the Fed’s balance sheet, which as of April 22 hit an all time high $6.573 trillion, an increase of $205 billion on the week, up $2.644 trillion compared to a year ago and well on its way to […]

  • Nevada Brothel Causes Stir With Stimulus Request

    ZeroHedge - Apr 23rd 2020 9:45pm EDT

    Nevada Brothel Causes Stir With Stimulus Request Authored by Jonathan Turley, There is an interesting controversy brewing in Nevada over stimulus money and morality. Bella Cummins is the owner of a lawful small business who was initially refused an emergency loan under the pandemic stimulus money. “It was interesting… that the bank… wanted to tell […]

  • UN Calls For Trillion Dollar Debt Jubilee For Poorest Countries 

    ZeroHedge - Apr 23rd 2020 9:25pm EDT

    UN Calls For Trillion Dollar Debt Jubilee For Poorest Countries  For weeks, the United Nations, International Monetary Fund, and World Bank have stated the only solution for emerging market economies severely damaged by the coronavirus outbreak is a “debt jubilee.” The United Nations Conference on Trade and Development (UNCTAD) published a note on Thursday morning that said about $1 […]

  • China Denies Pompeo Request For Wuhan Lab Access

    ZeroHedge - Apr 23rd 2020 9:12pm EDT

    China Denies Pompeo Request For Wuhan Lab Access China has denied a request by US Secretary of State Mike Pompeo to grant international inspectors access to labs in order to assess whether dangerous pathogens might be accidentally released, according to Fox News. The request comes amid a US investigation into whether the Wuhan coronavirus escaped […]

  • The Seven-Step Path From Pandemic To Totalitarianism

    ZeroHedge - Apr 23rd 2020 9:05pm EDT

    The Seven-Step Path From Pandemic To Totalitarianism Authored by Rosemary Frei via Off-Guardian.org, There are just seven steps from pandemic declaration to permanent totalitarianism – and many jurisdictions are about to start Step 5… As if it was planned in advance, billions of people around the globe are being forced step by rapid step into […]

  • Debt-Stricken Lebanon Becomes First Arab Country To Legalize Cannabis Growth

    ZeroHedge - Apr 23rd 2020 8:45pm EDT

    Debt-Stricken Lebanon Becomes First Arab Country To Legalize Cannabis Growth Lebanon, the tiny Mediterranean country with hugely outsized debt, has become the first country in the Middle East to legalize the growing of cannabis in an unlikely precedent. The Lebanese Parliament approved a law on Tuesday which allows its growth for medicinal and industrial use, […]

  • Live Webcast With Mohamed El-Erian: Ask Questions On Markets, The Economy And Covid-19

    ZeroHedge - Apr 23rd 2020 8:29pm EDT

    Live Webcast With Mohamed El-Erian: Ask Questions On Markets, The Economy And Covid-19 Join Mohamed El-Erian for a deep dive into the future of the global economy after COVID19 in this live webcast courtesy of the Munk Dialogues, who will also be taking readers questions live during the broadcast on its Facebook page . Tyler […]

  • COVID-19 Is Not Like The Flu At All

    ZeroHedge - Apr 23rd 2020 8:25pm EDT

    COVID-19 Is Not Like The Flu At All Authored by Ari Schulman, Brendan Foht, Samuel Matlack via The New Atlantis, How deadly is Covid-19 compared to seasonal flu, past pandemics, or car crashes? It’s about the spike… To offer context, we have produced two charts showing coronavirus deaths along with deaths from other common causes […]

  • Credit Card Companies Are Cutting Limits For Riskier Customers As Millions Of Jobs Evaporate

    ZeroHedge - Apr 23rd 2020 8:05pm EDT

    Credit Card Companies Are Cutting Limits For Riskier Customers As Millions Of Jobs Evaporate Many large and public companies have already hoovered up much of the ’emergency liquidity’ loans that were supposed to flow to small businesses, leaving small business owners with only one real option to salvage their livelihoods: putting it on the card. […]

  • Daily Briefing – April 23, 2020

    ZeroHedge - Apr 23rd 2020 7:52pm EDT

    Daily Briefing – April 23, 2020 Tyler Durden Thu, 04/23/2020 – 19:52

  • “They Demand Unemployment” – Biz Owner Shocked At Angry Response When She Tells Staff Their Paychecks Will Resume

    ZeroHedge - Apr 23rd 2020 7:45pm EDT

    “They Demand Unemployment” – Biz Owner Shocked At Angry Response When She Tells Staff Their Paychecks Will Resume A number of years ago, we first introduced the topic of a ‘welfare cliff’ at which more work was punished – i.e. the ‘generosity’ of the package of welfare benefits creates a perverse incentive not to work […]

  • “Scan Your Code!”: Dystopian Post-Lockdown ‘Normal’ In Wuhan Enforced By ‘Anti-Virus Patrols’

    ZeroHedge - Apr 23rd 2020 7:25pm EDT

    “Scan Your Code!”: Dystopian Post-Lockdown ‘Normal’ In Wuhan Enforced By ‘Anti-Virus Patrols’ The industrial hub of over eleven million people and ground zero for the global outbreak, Wuhan, has come roaring back to life but more in the way of a dystopian version of itself after the virus peaked there in February and now with almost no new […]

  • Mechanisms In The ETF Market, And How They Could Break

    ZeroHedge - Apr 23rd 2020 7:05pm EDT

    Mechanisms In The ETF Market, And How They Could Break Submitted by Peter Garnry of Saxo Bank Summary: Many market participants with exposure in exchange traded funds (ETFs) tracking oil futures have been surprised by recent events – with yesterday’s temporary trading halt in a major ETF tracking US oil futures as the latest. For […]

  • Texas Mayor Caught Defying Her Own Stay-At-Home Order At Local Nail Salon

    ZeroHedge - Apr 23rd 2020 6:45pm EDT

    Texas Mayor Caught Defying Her Own Stay-At-Home Order At Local Nail Salon When a photo of Beaumont, Texas Mayor Becky Ames at a local nail salon surfaced, all hell broke loose. That’s because Beaumont has been on lockdown for almost a month. The mayor left last week’s council meeting to “find her phone flooded with […]

  • Houses Passes New $484 Billion Coronavirus Stimulus Bill

    ZeroHedge - Apr 23rd 2020 6:35pm EDT

    Houses Passes New $484 Billion Coronavirus Stimulus Bill After some initial delays, the House overwhelmingly passed and sent to President Trump a $484 billion coronavirus relief package, even as some members were already at odds over the next phase of rescue legislation. Once he receives the bill, Trump will swiftly sign off on the fourth coronavirus-related […]

  • Can Oil Prices Get Back To $100?

    ZeroHedge - Apr 23rd 2020 6:25pm EDT

    Can Oil Prices Get Back To $100? Authored by Haley Zaremba via OilPrice.com, “We’re in a deflationary moment that surpasses anything seen in most people’s lifetimes,” proclaimed a New York Times byline on Tuesday, the morning after oil prices went negative. The West Texas Crude Intermediate benchmark plummeted to previously unimaginable depths, closing the day at negative […]

  • “Pandemic Drones” To Fly In Connecticut, Hunting For CCOVID-Carriers

    ZeroHedge - Apr 23rd 2020 6:05pm EDT

    “Pandemic Drones” To Fly In Connecticut, Hunting For CCOVID-Carriers Like it or not, the surveillance state is being ushered in under cover of the pandemic. Coming soon to the skies of Westport, Connecticut, are “pandemic drones” that will hunt for COVID-19 carriers. These special drones have thermal optic sensors blended with artificial intelligence that can […]

  • The Facts That Prove Almost Everyone Is Wrong About This Pandemic

    ZeroHedge - Apr 23rd 2020 5:45pm EDT

    The Facts That Prove Almost Everyone Is Wrong About This Pandemic Authored by Michael Snyder via The End of The American Dream blog, When it comes to COVID-19, most Americans seem to be gravitating toward one of two extremes.  Some are treating this pandemic like it is the end of the world, while many others […]

  • Rubio Demands Banks Explain If Certain Borrowers Favored For PPP Loans

    ZeroHedge - Apr 23rd 2020 5:25pm EDT

    Rubio Demands Banks Explain If Certain Borrowers Favored For PPP Loans Sen. Marco Rubio (R-FL) has fired off letters to 12 bank CEOs asking for a detailed explanation of how their institutions chose which borrowers to lend money to under the Paycheck Protection Program intended to help small businesses obtain emergency funding amid the coronavirus […]

  • Veterans Groups Demand “Not A Dime More” For Pentagon’s ‘Wasteful War Machine’ Amid COVID-19

    ZeroHedge - Apr 23rd 2020 5:05pm EDT

    Veterans Groups Demand “Not A Dime More” For Pentagon’s ‘Wasteful War Machine’ Amid COVID-19 Authored by Andrea Germanos via CommonDreams.org, Not a dime of additional funding should be appropriated this year to the Pentagon’s already bloated budget, which has enabled endless war while resources that could have helped the nation better respond to the coronavirus […]

  • Watch Live: Coronavirus Task Force Holds Thursday Briefing

    ZeroHedge - Apr 23rd 2020 4:55pm EDT

    Watch Live: Coronavirus Task Force Holds Thursday Briefing During last night’s press briefing, President Trump took the press by surprise when he told a reporter he “strongly disagreed” with Georgia Gov Brian Kemp’s decision to start reopening his state on Friday. Though many – including CNBC’s Jim Cramer – complain the marathon briefings, which are […]