The unemployment claims are being called job losses. That is incorrect. This is a mass lay off to protect the health of Americans and jobs are still intact. Viable companies don't go out of business overnight.
Does anyone believe for a minute that children won't be going back to school? Why believe any differently about businesses and workers?
One of the places in the USA that has highly skilled and very valuable employees is NASA. They are putting further work on their projects on hold (click here). I quite certain that is not job losses and they will be "back at it" as soon as it is safe. I am quite certain every working American is an important employee, they need unemployment benefits to see them through until their companies reopen their doors.
I noticed Trump mentioned Boeing in particular in bailing out airline companies. I was correct, wasn't I? Trump wants to bailout Boeing over the hideous jet that received NO government oversight.
March 22, 2020
By Loukia Papadopoulos
There is no doubt that Boeing (click here) has been struggling as of late. The firm was first hit with the fallout of two fatal crashes of its 737 Max, and now the coronavirus SARS CoV-2 has significantly slowed down flights.
That's why the company is now requesting $60 billion in government support, according to CNBC. Luckily for the firm, U.S. President Donald Trump has said he will provide support for the company....
The person requesting $60 billion bailout is out the door at Boeing. The people that passed over SAFETY in order to market the MAX and sell it in large numbers is out the door at Boeing.
People died and the CEO jumped on the idea of sympathy for the company and a huge loan on the coat tails of COVID-19. He ain't employed by Boeing anymore. There needs to be a shake up at that company and HUGE ethical standards put in place with PERMANENT regulatory oversight. THAT IS THE ONLY WAY BOEING RECEIVES A DIME OF GOVERNMENT MONEY!
I see the financial markets the same way. If the CEO of Goldman Sachs is worried about where he is going to lay his head tonight, I might listen to him.
March 20, 2020
By Michelle Kaufman
AT&T has created a $10 million (click here) Distance Learning and Family Connections Fund that launched Friday.
The fund is designed to give parents, students and teachers tools they need for at-home learning. and The fund also will provide resources to maintain meaningful connections and bonding opportunities for those isolated from family and friends.
The first $1 million went to Khan Academy, which offers educational practice exercises, instructional videos and a personalized learning dashboard that empowers students to study at home. Khan Academy also offers free tools for teachers and parents to help them track student progress.
AT&T also announced all consumer home internet wireline customers, as well as Fixed Wireless Internet, can use unlimited internet data....
Now, I am not a bit worried about AT&T's corporates ethics or it's desire to practice them when it's customers are most in need. Communications with this company would always be open.
THE AMERICAN PEOPLE COME FIRST.
When the word hit about China Wall Street started to moan and cry in a second. Those are not stable financial markets. Their losses are their own fault. They saw their multimillion-dollar homes slipping through their fingers and that is the truth. NOTHING has happened to any manufacturing, but, people were dying and the markets only considered their own greed. Those are not good financial markets. In four to five months China has stopped the spread of COVID-19 within it's borders, yet Goldman Sachs with offices headed by Paulson the former Treasury Secretary decided to give it's current CEO a big pay raise while holding out it's hand for federal money. I don't think so.
There is no reason for what occurred in the financial markets and there is no golden parachutes from the USA government to any of them.
The American people need to be BAILED OUT through extended unemployment benefits that include tip earners. Medicaid must be extended to anyone automatically upon diagnosis. Small businesses need to have their interest payments on their business loans and mortgages. The bank or organization that holds those loans and mortgages MUST be receptive to allowing payments to be rescheduled into the loans and to begin again as soon as the owners and workers can return to open their doors again. THE BANKS AND ORGANIZATIONS carrying those directives forward is more then welcome to ask for assistance from the federal government IF THEY PROVE their need. It won't happen overnight and they need to be soluble when they apply for the monies.
The financial markets need to be ready for bad news. Sunshine is sometimes blocked by the clouds. If they aren't capable of sustaining themselves for a period of time according to their FITNESS TESTS ON RECORD, then they should have been dissolved a long time ago.
