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First Pandemic, Now Rainstorms, Headaches For Restaurants Soar  Tyler Durden Wed, 07/22/2020 – 22:20 Until a proven vaccine, one that has to be mass-produced and handed out to the population, but then again, recent polling data show only half of Americans are willing to take the vaccine once commercially available, the restaurant industry will remain absolutely crushed in a…

Election 2020: The Worst Case Scenario Is The Most Likely One Tyler Durden Thu, 07/23/2020 – 00:00 Authored by Brandon Smith via Alt-Market.com, The most frequently asked question I get these days is what is going to happen in November, 2020. The election seems to be on the majority of people’s minds even more so…

Strip Clubs Being Left Bare By Paycheck Protection Program Tyler Durden Wed, 07/22/2020 – 23:40 Among everybody’s favorite “small businesses” that shut down due to the pandemic earlier this year were our fine country’s strip clubs. And like every other business in the “hospitality” industry, these clubs hoped the government’s Paycheck Protection Program (PPP) would…

“How We Got Here”: The Transformation Of America Tyler Durden Wed, 07/22/2020 – 23:20 Authored by Frank Miele via RealClearPolitics.com, Earlier this month, Democratic presidential candidate Joe Biden said on Twitter that he would “transform” America if he were elected. “We’re going to beat Donald Trump. And when we do, we won’t just rebuild this…

Inequality Is America’s Monster Id Tyler Durden Wed, 07/22/2020 – 16:40 Authored by Charles Hugh Smith via OfTwoMinds blog, What they don’t understand is inequality is America’s Monster Id: the more you try to suppress it, the more powerful it becomes. The word privilege is much bandied about now. I’ve been writing about privilege for many years, and…

Tesla Soars After Reporting 4th Consecutive GAAP Profit, Is Eligible For S&P500 Index Inclusion Tyler Durden Wed, 07/22/2020 – 16:28 Among the companies reporting earnings, few will be watched as closely as Tesla, whose stock has quadrupled since hitting a March low, rising to a mind-boggling market value of $290 billion, surpassing the market cap…

MSFT Shares Slide After-Hours Following Top- And Bottom-Line Beats… Here’s Why Tyler Durden Wed, 07/22/2020 – 16:13 Microsoft beat top and bottom lines in Q2 but shares are sliding after hours. 4Q revenue $38.03 billion, (+13% y/y), estimate $36.54 billion (range $35.75 billion to $37.21 billion) 4Q EPS $1.46 vs. $1.71 y/y (-15% GAAP), estimate…

Was This Michigan Teacher Fired After Tweeting Support For Trump And Reopening Schools? Tyler Durden Wed, 07/22/2020 – 15:30 Authored by Jonathan Turley, We recently discussed a Vermont principal who was told that she would have to retire after expressing her opinion of Black Lives Matter on her personal Facebook page. Now, a popular social studies teacher…

California Suffers Record Jump In New COVID-19 Cases; Ohio Gov Makes Masks Mandatory: Live Updates Tyler Durden Wed, 07/22/2020 – 15:25 Summary: 35 of 58 California counties on no-school ‘watchlist’ Ohio Gov signs mandatory mask order California reports another daily record of 12,807 World passes 15mil covid cases Arizona reports 1,926 new cases NY sees…

Deutsche Bank’s Top Credit Strategist Makes Stunning Admission: “I Am A Gold Bug; Fiat Money Is A Passing Fad In The History Of Money” Tyler Durden Wed, 07/22/2020 – 15:15 As covered here repeatedly over the past 24 hours, gold and silver (and oil) had a great day yesterday, with the rally continuing on Wednesday,…

GloboCap Über Alles Tyler Durden Tue, 07/21/2020 – 23:45 Authored (satirically) by CJ Hopkins via ConsentFactory.org, So, how are you enjoying the “New Normal” so far? Is it paranoid and totalitarian enough for you? If not … well, hold on, because it’s just getting started. There is plenty more totalitarianism and paranoia still to come.…

Sun Belt States Choose “Third Path” To Confront COVID-19 Without Destroying Economy Tyler Durden Tue, 07/21/2020 – 23:25 In a research note published yesterday, a team of Goldman Sachs analysts spotted an ominous potential inflection point for the struggling US labor market: If the nascent ‘recovery’ achieved over the last 2 months loses steam as…

Houston Police Respond To Suspected Document Burning At Chinese Consulate Tyler Durden Tue, 07/21/2020 – 23:11 The Houston police and fire departments responded Tuesday night to a reported document fire at the Chinese Consulate. Footage from next door shows what appears to be barrels with burning material inside of them: This video shared with us…