"Economists have started talking less about returning to a pre-pandemic normal, and more about what the new economy will emerge as entire industries have been shaken to their core. “Clearly the covid shocks have led to an economy in transition,” said Chester S. Spatt, an economist at Carnegie Mellon University. “Even once we get back to full employment, the jobs aren’t going to be the same as the old jobs. People talk a lot about when we return to normal, but I don’t think normal is defined as the way we did things before.”
Yes, everything must be Re$et.
Related:
Coronavirus a Cover For Collapsing Economy
Coronavirus Scare a Mass Social Experiment and New Normal
Sunday Globe Special: A New Reality
$low $aturday $pecial: A Fundamental Re$tructuring
When they said you are non-essential, they really meant it.
COVID-19 Crisis is a Mass Simulation Gone Live
I'm convinced of that more than ever, and it's reached the point of total lies when I read a paper now; however, I do not discount the deliberate release of a deadly pathogen per WHO simulation protocol soon. That would serve so many of their evil purposes.
Slow Saturday Special: A Fundamental $hift
This has been the plan for a long, long time.
You have been hoodwinked, people of the world, by the most evil creatures this planet has ever seen as we are told only a COVID-19 vaccine can save the economy in a virus-tainted world where the virus drives the economics.
So where will you be when they turn out the lights?
"Layoffs still piling up as jobless claims remain stubbornly high; 837,000 Americans sought unemployment benefits last week, the Labor Department said Thursday" by Eli Rosenberg, Washington Post, Oct. 1, 2020
A grim portrait of the U.S. economy is emerging more than six months into the pandemic, as a cascade of new layoffs announced this week puts pressure on an already strained labor market and further raises the specter of an economic U-turn with the recovery only partially underway.
The parade of bad news has picked up in recent days, with several large companies announcing wide layoffs.
Disney announced it would lay off 28,000 from its theme park division, insurance company Allstate said it would cut 3,800 positions, and the airline industry, already battered by months with levels of consumer demand, saw more than 30,000 additional furloughs at American and United Airlines.
With just weeks to go before the election, a range of industries are now under severe pressure as the effects of the pandemic continue to filter deep in the global economy. Continental, the German tire company, announced plans to cut as many as 30,000 jobs worldwide, and Marathon Petroleum has also begun a new round of layoffs. Royal Dutch Shell announced cuts of as many as 9,000 jobs, and more layoffs are encroaching into white-collar jobs that are not directly affected by the pandemic or shutdown.
Knowing the context and the deep plan at heart -- the WEF's Great Re$et -- one realizes the fraudulent $camdemic that is being used to cover this humanity-destroying plot, and that all the corporations are in on it along with the pre$$. There is no white knight coming, folks.
Unemployment data released by the Labor Department on Thursday did little to assuage fears about the recovery’s fragility. “There is clearly a stalling out in the improvement in the domestic labor force,” said Joseph Brusuelas, the chief economist at RSM. “In particular, the rise in the number of persons on unemployment insurance and the increase in the number of people on PUA need to be monitored, because that signals we’re likely to have a sustained issue over the next couple of years inside the labor market, particularly pertaining to transportation, leisure, hospitality in general, aviation and hotels in particular.”
What is that babble he is spewing?
There are several reasons for the new rounds of layoffs.
Meaning there is really only one.
Travel and tourism has plunged during the pandemic, reducing the demand for services like flights, hotels, theme parks, and convention centers to a fraction of what they were before the pandemic. Industry experts said the crisis was already deeper and more intractable than other recessions that have come before it.
Another reason the labor market is facing new pressure is because emergency government aid programs for businesses and households have mostly expired, leaving Americans with less spending money. The Commerce Department on Thursday reported that personal incomes fell $543.5 billion, or 2.7 percent, in August and that disposable personal income also fell. Consumer spending, meanwhile, grew 1 percent in August. Consumer spending is typically seen as the biggest engine in the U.S. economy.
That's odd because I was told the Chump change made us all rich and household wealth has grown.
U.S. employers announced another 118,000 job cuts in August, according to the outplacement firm Challenger, Gray & Christmas, bringing the yearly total to more than 2 million — the highest ever recorded by the firm.
Economists have started talking less about returning to a pre-pandemic normal, and more about what the new economy will emerge as entire industries have been shaken to their core.
“Clearly the covid shocks have led to an economy in transition,” said Chester S. Spatt, an economist at Carnegie Mellon University. “Even once we get back to full employment, the jobs aren’t going to be the same as the old jobs. People talk a lot about when we return to normal, but I don’t think normal is defined as the way we did things before.”
--more--"
Related:
"U.S. stocks climbed on Thursday, but only after pinballing through another shaky day of trading, as Wall Street waits to see if Washington can get past its partisanship to deliver another economic rescue package, but incomes weakened by more than expected last month....."
I wouldn't hold my breath on the re$cue package, and look who is propping up the pre$$:
Google to pay $1 billion over 3 years for news content
No wonder they can keep printing their lying filth.
Also see:
Developer wants to reopen Doyle’s Cafe as part of a condo complex
Developer buys more land in booming Alewife section of Cambridge
Suffolk Downs development agreement marks an opportunity for East Boston
Complete with Green Line extension.
"The casino industry has created thousands of new jobs as it has gotten up and running in Massachusetts in recent years, though payrolls have been cut because of the pandemic, which forced the state’s gaming facilities to close for months. Encore and the other two casinos in Massachusetts are still operating at reduced capacity under state public health rules. “We think the casino is going to expand here in Everett. We think they’re going to be here for the next 100 years in Boston,” said Lou Antonellis, business manager and financial secretary for the Dorchester-based IBEW Local 103....."
For those who have been furloughed, the vacation is permanent.
Houghton Mifflin Harcourt cuts 525 jobs as COVID-19 accelerates online learning
Who benefits from that part of the Great Re$et, 'eh?
Time to dig in:
At least one of the mannequins seated at tables at a restaurant in Downtown Crossing bore masks (Pat Greenhouse/Globe Staff).
"He has brought back 15 workers, about half of what he had before COVID-19 disrupted everything in March, although he still plans to go forward with opening a second shop in Allston next week. He has already received a $150,000 forgivable loan through the federal Paycheck Protection Program, established by Congress in March, but he sure could use another one....."
The Globe takes a look through the plexiglass:
"Cooling temperatures, coupled with Governor Charlie Baker’s loosening of restrictions for bar seating and parties of 10 or more, have restaurant owners looking to bring more patrons indoors, but fears about the airborne transmission of the coronavirus mean owners need new ways of making people feel safe. Now, after having scrambled to buy outdoor tables and seating for the summer months, restaurateurs are investing in barriers of all shapes and sizes to help create state-compliant divisions between diners....."
The Gates Gaslighting continues with plexiglass for the bar as well as “mobile partitions and sleek plexiglass dividers,” and they are “very proud of [their] COVID-modern look,” joked Vance Welch.
"Viral sensation Salt Bae, whose real name is Nusret Gökçe, teased the opening of his Boston restaurant for months, but it didn’t take nearly as long for city officials to shut down Nusr-Et Boston Saturday, just a little over a week after it opened, citing a string of COVID-19 safety and other health violations. Over the weekend, the city’s Licensing Board and Inspectional Services Department ordered the restaurant at 100 Arlington St. and its YouTube- and Instagram-famous chef to immediately cease operations. It also indefinitely suspended Nusr-Et’s alcoholic beverage license. Now Gökçe will face the Licensing Board in two inspection hearings Tuesday, according to a statement from city officials. The meetings are scheduled for 10 a.m. Here’s the string of reports that led to the closure....."
City Councilor Ed Flynn, who represents the neighborhood, said he has “zero tolerance for the reckless behavior.”
In other stories you may have missed from the world of business, the global cull(!) of banking jobs continues with Goldman Sachs Group Inc. joining the growing list of lenders resuming cuts paused during the coronavirus pandemic as chicken washed with chlorine and hormone-treated beef have become synonymous with US food and animal-welfare standards that are deemed inferior to those in the UK. That is why they want to keep that stuff out.
{@@##$$%%^^&&}
Of course, today's top story is this:
President Trump and first lady test positive for COVID-19
Well, that will take him off the campaign trail and he seems fine with that. Who cares if they are “both well at this time” when they are being held hostage by a mob boss?
That's not the October $urpri$e I was expecting, as the debate and rally show that Trump’s closing strategy is tapping into the white grievance of his political bubble with his race-baiting and white supremacy.
According to the first Black president of a Mass. psychology group, racism is a mental health issue and an old hurdle for Newton, which must end the toxic environment for Black and brown students and families even as Edward Greene becomes the first Black president of the MFA’s board of trustees.
Otherwise, it was a tale of two debates that shattered norms and raised alarm as the election nears was taxing to behold (which I did not).
Meanwhile, the Globe tells you how blue-staters can help win the battlegrounds despite the coronavirus pandemic as the outcome of the election may not be known for days or even weeks (because it will take that long for the Democrats to steal it), and it will test the media’s role in our democracy and national security.
Related:
OMFG!
The rank and lousy New York Times turned the entire report on it's head by insinuating that the President of the United States is the main driver of misinformation when the report they cite says it is the MA$$ MEDIA ITSELF that is the MAJOR MISINFORMER!
How anyone could ever believe what they read or see in a printed paper or ma$$ media website is beyond me!
They are INCORRIGIBLE LIARS, with today's Globe lead as Exhibit A:
Ready for a second wave of COVID-19?
We are being told new cases and deaths are on the rise even as Mayor Walsh says Boston is ‘going in the right direction and hospitals feel squeeze as coronavirus spikes in Midwest.
Students return to Boston classrooms for first time since March
The only problem is despite all of the fanfare, the return to in-person instruction could be short-lived.
I hope so.
The last place you want the kids is in school.
"New York City completed the reopening of all its public schools on Thursday morning, a major step in its recovery from having been the global epicenter of the pandemic and a hopeful sign for the country’s unsteady effort to return children to classrooms. Not long after sunrise, middle and high school principals welcomed students back into their buildings for the first time since March, following elementary school children who had started earlier this week. About half a million students, from 3-year-olds in pre-K programs to high school seniors, will have returned to school by next week. Roughly 480,000 children have opted to start the school year remote-only, an indication of how wary many New Yorkers are of sending their children back to classrooms in a city that fears a second wave of the coronavirus. Despite considerable political opposition to reopening and significant planning problems that forced the mayor to twice delay the start of in-person classes, New York, which has by far the nation’s largest school system, is now the only large district in the country that has reopened all its schools for in-person instruction. Some other big districts are not far behind, though they have faced their own challenges. Schools in Miami-Dade County are set to reopen on Monday, at the order of Florida’s education commissioner, despite strong opposition from the teachers’ union there. School leaders in Houston, Washington, D.C., Atlanta and San Diego are also planning to bring at least some students into classrooms later this month. School reopening is perhaps the most significant indicator of the city’s return to a new normal: Indoor dining resumed this week at reduced capacity, and museums have begun to reopen, but Broadway is still shuttered, and major tourist areas are still largely deserted. As many as half of the city’s restaurants and bars could close because of the pandemic, according to a recent state audit....."
Ah, the "new normal" again!
God help us all!
Catholic archdioceses’ child-protection policies are inconsistent and often incomplete
Isn't that like the fox guarding the henhouse?
Jesus!
"Clare Bronfman was a self-described socially anxious multimillionaire with “patterns of self-loathing, insecurities, shame and fears” until she discovered NXIVM, a self-improvement group based near Albany, N.Y., in 2003, but the group and its leader, Keith Raniere, transformed her, and Bronfman felt she became more than just an heiress to the Seagram’s liquor riches. Over the span of 15 years, Bronfman became more entrenched in NXIVM, joining the executive board, falsifying visa applications for foreign recruits, and using her deep pockets to fund the group, now widely referred to as a cult, and to scare off detractors with persistent lawsuits. Even after pleading guilty last year to conspiracy to conceal and harbor aliens for financial gain and fraudulent use of personal identification information — and after learning about Raniere’s secret group called DOS that was designed to coerce and groom women into having sex with him — Bronfman has stood by NXIVM’s leader. “NXIVM and Keith greatly changed my life for the better,” Bronfman wrote to the judge before her sentencing. In a lengthy reading of her sentence, Judge Nicholas G. Garaufis said her “crimes were not committed in a vacuum” and said he could not ignore her “close relationship with Raniere,” who was convicted of racketeering and sex trafficking in June 2019. “I don’t know how many other multimillionaires are out there, ready to devote the limitless resources at their disposal to supporting pyramid schemes run by dangerous criminals,” Garaufis said. In a statement to The Washington Post, Bronfman’s lawyer, Ronald S. Sullivan Jr., called the judge’s sentencing an “abomination” and said they plan to file an appeal. “The sentence imposed today was grossly disproportionate to Clare Bronfman’s conduct and manifestly unfair, particularly in light of the fact that the court found that Clare had no knowledge of DOS and did not fund any sex cult,” Sullivan said....."
Time to dispatch her down the old memory hole again.
Related:
"Indian police detained key leaders of the opposition Congress party, Rahul Gandhi and his sister Priyanka Gandhi, on Thursday after preventing them from visiting a northern village where a 19-year-old woman from India’s lowest caste was allegedly gang raped last month and later died in a hospital. The attack was the latest brutal sexual violence against women to rile India. It triggered street protests in several parts of the country this week. Also Thursday, several dozen students held protests in the Indian capital and in the southern Indian city of Hyderbad demanding protection for women. The victim, who belonged to the Dalit community, was alleg-....."
Also see:
"About 2,000 Honduran migrants hoping to reach the United States entered Guatemala on foot Thursday morning, testing the newly reopened frontier that had been shut by the coronavirus pandemic. Authorities had planned to register the migrants as they crossed earlier Thursday and offer assistance to those willing to turn back, but the group crossed the official border at Corinto without registering, pushing past outnumbered Guatemalan police and soldiers who made little attempt to stop them. Central American migrants began traveling in large groups in recent years, seeking safety in numbers and in some cases avoiding the cost of smugglers. Calls for a new migrant caravan to leave Oct. 1 had circulated for weeks on social media. The odds of a large migrant caravan reaching the U.S. border, already low, have grown increasingly slim over the past year. Under pressure from the United States, Mexico deployed its National Guard and more immigration agents to break up attempted caravans last year. They dispersed large groups of migrants attempting to travel together in southern Mexico. Actually crossing into the U.S. legally is virtually impossible now with pandemic, and entering illegally is as dif-....."
That is where my printed Globe left it.
