So as best I can tell this morning we now have:
- A pandemic crisis
- A supply chain crisis
- A demand crisis
- A labor market crisis
- An equity market crisis
- An oil price crisis
- A brewing bond market crisis
- A developing currency crisis
- A potential housing market crisis
“I am speechless,” said Kevin Wolf, who oversaw the launch of the ZTE case as assistant secretary of commerce in the Obama administration. “I’m highly confident that a [US] president has never intervened in a law-enforcement matter like this before.”
This quote is devastating: “This is such a rapidly moving infection that losing a few days is bad, and losing a couple of weeks is terrible,” Jha said. “Losing 2 months is close to disastrous, and that’s what we did.”
I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS. Huge win for American workers and the USA! cnbc.com/2018/01/17/app…
Gulp...
“Almost 40% of projected farm profit this year will come from trade aid, disaster assistance, federal subsidies and insurance payments, according to the report, based on Department of Agriculture forecasts. That’s $33 billion of a projected $88 billion in income.”
Thank you to @peterbakernyt's editors for resisting the temptation to straighten out this paragraph... It is a fantastic act of grammar as journalism...
nytimes.com/2020/07/14/us/…
I took an Uber ride back from the airport tonight with a young Afghan father of three who moved here three years ago after spending eight years working as a translator for the US military.
He works 60 hours a week driving for Uber and walked me through the economics of it...
On nights like this I’m thankful for my fellow journalists who have chosen to be in harm’s way so that the world can see and hear and read what is happening.
Stay safe people.
