Dow jones plunges 512 points in one day; nasdaq down 136; s&p down 60

When it became a proxy for how well the economy was doing as a whole. It's funny that social study and psychology students all know that when a measure becomes a target, it ceases to be a good measure, but - at least from all my experience in corporate America - business people aren't taught that.

 

January 20, 1981? Or August 5, 1981.

 

This is the greatest wealth redistribution this country has ever seen.......

People rioting while Wal street is looting the treasury

 

But they also believe in pulling oneself up by the bootstraps; and this is such pulling on a national scale.

 

As I look to my right of this page, I see this.



Good work, Brad.

 

The problem we face is that many of the new jobs will require skills that people doing old jobs may not have, or they may have to move to where the new jobs are.

That will anger people and make them vote for a populist that tells them that he can get the old jobs back.

 

This is an opinion piece not an article but it does show how badly the coal industry is doing now despite Trump's promises.
To be totally fair, Obama did make a quote about "clean coal."
https://www.washingtonpost.com/opin...a8bed6-accd-11ea-9063-e69bd6520940_story.html
Trump pledged to bring back coal. Like everything under him, it collapsed instead

 

Or "send Donald Trump some birthday wishes" So I dusted off the Goatse email and signed it "Love Jared"

 

Will Trump lose any coal miners' votes? Yeah, I thought not. It never really was about the jobs.

 

Yeh-- I think it was/is really about the people who let the world change on 'em.

At least they can cause a little of the same sort of discomfort, even if they can't change it back...

 

They should point to the raving lunatic and say he was going to bring back the old jobs, but instead more were lost. So very good choice...are you sure?

 

SEC puts Hertz stock sale on hold. Former SEC chairman Pitts called the offering "garbage"

The Securities and Exchange Commission told Hertz that the regulator has issues with its plan to sell stock while the rental car company is in the middle of bankruptcy proceedings.

“In this particular situation we have let the company know that we have comments on their disclosure,” SEC Chairman Jay Clayton said Wednesday on CNBC’s “Squawk on the Street.” “In most cases when you let a company know that the SEC has comments on their disclosure they do not go forward until those comments are resolved.”

https://www.cnbc.com/2020/06/17/the...-to-sell-stock-chairman-jay-clayton-says.html

Pitts comment

“As an intellectual proposition, most securities experts had always thought you could offer garbage for sale to the public as long as you said ‘we are offering you garbage, and you really shouldn’t buy this but you have a chance to buy it,’” Pitt said. “No one ever really anticipated that people would be gullible enough to do that.”

 

Well, the student loan servicers have been "automatically" putting borrowers into deferments, so that may have something to do with it.

I had to specifically request NOT to have my student loans deferred by both servicers.

If I can continue to pay, I will continue to pay. Save the deferments for those who need them.

 

I will assume your response is sarcastic, but just in case, here is an answer:
An attempt to give students a "break" from paying back their student loans during a pandemic (when tens of millions are out of work, and tens of millions more are working less), perhaps?

 

Not this guy!

 

I received a letter, saying my loans would be deferred, due to COVID-19.
To be honest, I do not recall the actual language, but I had to go into my account and affirmatively select that I wanted to keep paying (not that I want to pay, but I should if I can).

With that explanation, I can see your "outrageous" comment as being serious, since I was somewhat taken aback by it.

Here is the official government announcement from "way" back in March:

Your payments will automatically stop from March 13, 2020, through Sept. 30, 2020.

To provide relief to student loan borrowers during the COVID-19 national emergency, federal student loan borrowers are automatically being placed in an administrative forbearance, which allows you to temporarily stop making your monthly loan payment. This suspension of payments will last until Sept. 30, 2020, but you can still make payments if you choose.

Read the borrower Q&As below to learn more.
https://studentaid.gov/announcement...ive forbearance ends,resume at the new amount.

 

This is America so any interest not paid in the period of the deferment will be taxed as income.

 

Those tax cuts for the 1% aren't going to pay for themselves!