LA Lakers, Harvard University and Others Get Government Money–and Why That Should Be An Example

We have seen natural disasters, perhaps some of us have been affected by ones in the past. However, none of us have seen anything like the current pandemic. It has been more than 100 years since we have seen a health crisis in the world like this, or any other natural disaster.

Such a tragedy could not have been foreseen. And no one would argue that the government needs to help limit the devastation as much as possible, to individuals and businesses that provide jobs but have been shut down. And the Federal government passed laws to give over $2.5 trillion in help.
A key part of that funding is help targeting small businesses who would struggle to keep from going bankrupt. But we are finding that money isn’t always going where needed or intended. Continue reading “LA Lakers, Harvard University and Others Get Government Money–and Why That Should Be An Example”

Pandemic and the Law of Unintended Consequences

If you are like me and have been to the grocery store recently, you may have noticed that some of the shelves are empty, and many more are thin. We have heard about, and probably laughed at, the shortages of toilet paper. But if you look more closely it’s not just the paper goods aisle any more. If you look around, there’s more that you notice isn’t as plentiful as it once was. Maybe noting that would quite count as a shortage but there is more and more space throughout the store that is starting to be more sparse.

As we start to understand more of the impact of the lock down and restrictions put in place to combat the Covid-19 pandemic, we begin to realize that there is a growing list of things we may not have imagined would have come from it. As is often the case, there are a lot of unintended consequences. And one of those is a growing realization of the impact on the food supply chain. Continue reading “Pandemic and the Law of Unintended Consequences”

EU Says China Covered Up Virus Origins

In what is becoming more widely realized, the European Union has found that China has engaged in a public relations campaign to deflect blame for the virus that has been unleashed on the world.

Below is an article from Bloomberg, worth reporting in full. Continue reading “EU Says China Covered Up Virus Origins”

St. Louis Federal Reserve Says 30% Unemployment Possible

The President of the St. Louis Federal Reserve says that the US unemployment rate could reach 30%.

That would be higher than the financial crisis, the dot com bubble or…even the Great Depression. The article below below summarizes comment made by James Bullard, a professional economist who heads the St. Louis Fed, in a recent interview. In it, he predicts a much worse economy than anyone has yet predicted.