Free Republic

An artificial depression created around the coronavirus outbreak by American leadership will kill thousands of Americans, explained Jacki Pick, host of the Jacki Daily Show on BlazeMedia, warning of the consequences of varying economic shutdowns across the nation ostensibly aimed at addressing the viral spread. She offered her analysis on Tuesday’s edition of SiriusXM’s Breitbart News Daily with host Alex Marlow. In her recently-published article, “What a Prolonged Shutdown Will Cost in Human Life,” Pick wrote: A prolonged shutdown could bring tens of thousands of deaths through spikes in rates of suicide, heart attack, missed cancer diagnoses, domestic violence deaths,...

This Wuhan communist disease has ripped the face masks off a gang of Democrat governors and mayors who exhibit disturbing symptoms of the Little Dictator Virus. Their voters are becoming increasingly alarmed at the symptoms: issuing irrational and unreasonable edicts and making them harsher at a whim, arbitrarily choosing some businesses to thrive and others to wither and die, parading around wearing diamond tiaras and the ermine robes of royalty in the privacy of their chambers. Just kidding about the last one, but it sure seems that way to the peasants who are indeed revolting. In their determined oppression of...

After the Great Pandemic has passed and we emerge from Great Depression II, what will be America's mission in the world? What will be America's cause? We have been at such a turning point before. After World War II, Americans wanted to come home. But we put aside our nation-building to face the challenge of a malevolent Stalinist empire dominant from the Elbe river to the Barents Sea. And after persevering for four decades, we prevailed. What, then, did we do with our epochal victory? We alienated Russia by moving our NATO military alliance into the Baltic and Black Seas....

Dr. Anthony Fauci said the nation’s economic recovery is not going to happen “unless we get the virus under control” amid protests of stay-at-home orders. During an interview Monday, he acknowledged it could be painful to follow guidelines for a gradual reopening, but warned opening the economy too quickly will backfire. He said testing will increase in the coming weeks from the millions of tests currently being conducted. The National Institute of Allergy and Infectious Diseases director also highlighted a few issues with the effectiveness of anti-body testing.

Walt Disney will stop paying more than 100,000 employees from this week as it struggles with coronavirus closures. The world's biggest entertainment group operates theme parks and hotels in the US, Europe and Asia. Stopping pay for almost half of its workforce will save Disney up to $500m (£400m) a month, according to the Financial Times. Disney made operating income of $1.4bn for its parks, experiences and products in the last three months of 2019. The company said it will provide full healthcare benefits for staff placed on unpaid leave and urged its US employees to apply for government benefits...

Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout from the coronavirus outbreak, people familiar with the matter said. The debt-laden Dallas-based company has been left with few options after the pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations, roughly two dozen Last Call stores and its two Bergdorf Goodman stores in New York. Neiman Marcus is in the final stages of negotiating a loan with its creditors totaling hundreds of millions of dollars, which would...

Storm brewingOklahoma City could see thousands lose their homes in coming months due to record unemployment and economic turmoil caused by the COVID-19 pandemic. Attorneys and academics told The Oklahoman a moratorium on eviction hearings, once ended, will be followed by a wave of evictions creating a homeless population not seen since the Great Depression. Court records reviewed by The Oklahoman show the number of filings over the past two weeks has slowed — but that trend won't continue after the pandemic, warns Richard Klinge, director of the Pro Bono Eviction Assistance Program at Oklahoma City University. The state’s unemployment...

This will end in tears. The Obama hysteria is not merely embarrassing to witness, it is itself contributory to the scale of the disaster that is coming. What we are experiencing, in the deepening days of a global depression, is the desperate suspension of disbelief by people of intelligence – la trahison des clercs – in a pathetic effort to hypnotise themselves into the delusion that it will be all right on the night. It will not be all right. [....] It is crucial to recall the reality that lies behind the rhetoric. Denouncing “those who seek to advance their...

The Recession Is Over, The Economic Depression Just Beginning Economics / Great Depression II Jan 12, 2010 - 07:30 AM By: Stephen Lendman In late 2009, former Merrill Lynch economist, now with the Canadian firm, Gluskin Sheff, said the following: "The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said this repeatedly that this recession is really a depression because the (post-WW II) recessions were merely small backward steps in an inventory cycle but in the context of expanding credit. Whereas now, we are in a prolonged...

Regulators close two Florida banks and on in California, costing the FDIC $986.4 million. NEW YORK (CNNMoney.com) -- Two Florida banks and one in California failed Friday night, bring the 2009 national tally to 123. Regulators closed Century Bank, Federal Savings Bank in Sarasota, Fla., Orion Bank in Naples, Fla., and Pacific Coast National Bank in San Clemente, Calif. Customers of all the failed banks are protected, however. The Federal Deposit Insurance Corp., which has insured bank deposits since the Great Depression, currently covers customer accounts up to $250,000.