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Dow drops 500 points amid coronavirus concerns & oil price collapse

stock exchange
© Reuters / Andrew Kelly
US stocks dropped sharply to start the week on Monday as investors are focused on coronavirus news along with plunging crude prices. The Dow Jones Industrial Average lost 500 points at the opening bell on Wall Street.

The S&P 500 index of America's top-500 corporations slid 1.6 percent, while the tech-heavy Nasdaq Composite was down just under one percent during early trading.

Stocks are headed lower as the price of US crude benchmark West Texas Intermediate (WTI) crashed below $11, the weakest level since December 1998. Oil is selling off as the May crude contract is set to expire, and suppliers are running out of places to store it. WTI rebounded slightly, but was trading down more than 34 percent as of 13:52 GMT, at $12 per barrel.

Comment: Spain's central bank believes its economy will dive more than 12% this year if the Covid-19 lockdown lasts eight or 12 weeks.


NPC

Mayor de Blasio asks New Yorkers to rat each other out over social distancing, gets lit up on Twitter

de blasio
Time was, when you heard the term "see something, say something" it was in reference to anti-terrorism measures.

After 9/11, people were told that if you saw something suspicious, report it. Well in 2020 America, that has taken on an entirely different meaning.

What started with Eric Garcetti in Los Angeles has now headed east, where New York Mayor Bill de Blasio is encouraging New Yorkers to narc each other out. And de Blasio is getting lit up on Twitter for his lame suggestion.

De Blasio, who last month encouraged New Yorkers to go out to restaurants, attend a Broadway show or a move and ride the subways, only to reverse course mere days later when the severity of the coronavirus began to be taken seriously, wants to know if some wascally wabbits are not obeying his commands.

"New Yorkers, you are being extraordinary at social distancing" de Blasio said in a video on Twitter. "But we still know there's some people that need to get the message."

But according to de Blasio, that was not enough. He wants photographic evidence too!

"How do you report places that aren't enforcing social distancing? It's simple: just snap a photo and text it to 311-692 #AskMyMayor."

NPC

MSNBC spends entire segment depicting lockdown protestors as racist confederates

Joy Reid
Americans across the nation have had enough of the stay-at-home and shelter-in-place orders that have been handed down by state governors as a means of mitigating the spread of the Wuhan coronavirus. They're antsy. They're restless. People want to get back to work and back to "normal," or at least as normal as possible.

President Donald Trump has talked about reopening the economy. As it is, more than 20 million Americans have filed for unemployment because they have had to stay home. They have been prevented from working. We went from having the strongest economy with a record-low unemployment rate to an unemployment rate not seen since the Great Depression. All of this happened practically overnight because of the Wuhan coronavirus.

According to MSNBC's Joy Reid and Minnesota Attorney General Keith Ellison (D), if you're someone who wants to see the economy reopen and get back to work, you must be some sort of Confederate racist.

Comment: Now the idea that people want to work so they can feed their families is racist! Such absurdity will only resonate with a select few as the large majority of people know the struggle of trying to make ends meet. Painful realities will continue to expose ideologues as divisive and destructive deadbeats.


Stop

Have you noticed how much delight they are taking in shutting down churches all over the United States?

church pews
Did you think that you would ever see the day when police in America would be patrolling church parking lots on Sunday morning in order to keep people away? And did you think that you would ever see the day when Christians would be threatened with having their license plates recorded if they did attend church? That is what the Democratic governor of the state of Kentucky just did, and he is getting a lot of national backlash over that move. When "shelter-in-place" orders were first instituted all over the nation, most of them seemed quite reasonable, and we assumed that our leaders would use common sense in enforcing them. But in recent days it has become clear that in many areas of the country churches and other Christian gatherings are specifically being singled out, and in some cases authorities have seemed to take quite a bit of glee in cracking down on Christians. This sort of tyranny was never part of the bargain, and believers all over America are rightly pushing back against it.

Light Saber

Best of the Web: Anti-Lockdown Resistance: North Carolina Beach reopens after Navy serviceman's ocean protest

Land of Free NC beach protest
A Navy Master Chief defied town orders and entered the ocean on a closed beach.

After a photo of a Navy Master Chief in full uniform entering the closed ocean in Emerald Isle, North Carolina went viral, the town announced that it will reopen its beaches.

Photos made the rounds of the serviceman standing in the ocean facing the shore with a sign in front of him reading "Land of the Free."

Comment: See also:


Attention

CDC reviewing 'stunning' test results from Boston homeless shelter; almost half tested positive and with NO symptoms

Boston homeless shelter coronavirus
The Centers for Disease Control and Prevention is now "actively looking into" results from universal COVID-19 testing at Pine Street Inn homeless shelter.

The broad-scale testing took place at the shelter in Boston's South End a week and a half ago because of a small cluster of cases there.

Of the 397 people tested, 146 people tested positive. Not a single one had any symptoms.

"It was like a double knockout punch. The number of positives was shocking, but the fact that 100 percent of the positives had no symptoms was equally shocking," said Dr. Jim O'Connell, president of Boston Health Care for the Homeless Program, which provides medical care at the city's shelters.

O'Connell said that the findings have changed the future of COVID-19 screenings at Boston's homeless shelters.

Comment: These results aren't so 'stunning' as China, Germany, South Korea and Iceland noted similar results in their own populations: Pepe Escobar's remarks on the statistics:
THE NUMBERS BEHIND THROWING 1.25 BILLION PEOPLE

I REPEAT, 1.25 BILLION PEOPLE

ACROSS THE PLANET INTO UNEMPLOYMENT

WHO "official" Covid-19 death rate: 3.4%

BUT

based ONLY on patients treated in hospitals.

And not considering that from 50% to 80% of infected people NEVER EXPERIENCE ANY SYMPTOMS.

Best and broadest studies testing random population with NO symptoms; Germany, South Korea, Iceland.

Death rates:

Germany: 0.37%
South Korea: 0.6%
Iceland: 0.4%

Dr John Ioannidis, Stanford University: real death rate is between 0.025% and 0.65%.

Japanese study: death rate between 0.04% and 0.12%.

A death rate around 0.1% means Sars-Cov-2 kills THE EQUIVALENT OF A REGULAR SEASON FLU.

Essential reference HERE: https://swprs.org/a-swiss-doctor-on-covid-19/



Pistol

Texas police kill armed hijacker after he commandeers a bus, leading chase through Dallas suburbs

gunman hijacks bus dallas tx, Ramon Thomas Villagomez
Ramon Thomas Villagomez
An armed hijacker has been shot dead by Texas police after he commandeered a bus and led police on a chase through traffic. The man fired at police before his rampage was brought to an end.

Dallas Area Rapid Transit (DART) police were called to the scene of a hijacking on Sunday morning, after an armed man boarded a bus in the Dallas suburb of Richardson and forced the driver to chauffeur him along the George Bush Turnpike toward Rowlett, another suburb of the city.

Comment: The man has been identified as 31-year-old Ramon Thomas Villagomez, who was wanted by police for the murder of his girlfriend in San Antonio and for aggravated assault with a deadly weapon of a relative in Brazoria County. The man hijacked the bus, firing shots at officers during the chase until the bus was stopped in Rowlett with a spike strip. He continued firing as he exited the bus after it stopped, and officers returned fire, killing him.


HAL9000

COVID-19, smartphone surveillance, and the state

surveillance
© Pixabay / succo
For the state, there is one primary imperative — to remain in power at all cost. If this imperative is to be successful, the state must impose, by stealth or deception, a system capable of monitoring all individuals who may pose an immediate or future threat to its dominance.

The COVID-19 "crisis," produced either deliberately or by an act of nature, provides the state with a nearly airtight pretext for the imposition of further surveillance of the public, in particular political adversaries.

The largely manufactured "war on terror" following the attacks of 9/11 produced the needed climate of suspicion and fear to make possible the implementation of the Patriot Act, "a domestic-surveillance wish list full of investigatory powers long sought by the FBI," an agency that has for many decades served as a political police force, a fact made public during the Church Committee hearings in the mid-1970s.

Much of what we know about technological surveillance in the wake of 9/11 was gleaned from the revelations of Edward Snowden, a former NSA, and CIA employee. Snowden exposed a number of global surveillance programs, including PRISM and XKeyscore, the former in partnership with Microsoft, Apple, and Google.

Comment: See also:


Stock Down

By letting small businesses fail, the state is handing power to corporate giants

closed for business
Research this week from a network of accountants suggests that up to one million small businesses - 20% of the UK's total - will run out of cash before the coronavirus crisis ends.

This prediction provides yet more evidence of what we already knew; this crisis will fundamentally transform the UK's corporate environment. When it finally ends, there will be fewer firms left, and those that remain will be much more significant, in terms of both size and political power.

Part of the problem facing small businesses is that they are finding it much harder to gain access to state-provided emergency loans than their larger peers. The Chancellor has made available £5m worth of Coronavirus Business Interruption Loans for small businesses through the UK's pre-existing network of retail and commercial banks.

But small business owners are struggling to get through to their banks amid heightened demand for banking services. Many of those that do get through have their loan requests denied, despite their businesses having been in good health before the crisis hit. Others are being approved, but at extortionately high interest rates - some as high as 30%.

Over the last decade, extremely loose monetary policy has made borrowing - whether for government, or households and businesses - cheaper than ever. In the context of stagnant productivity and low growth, many businesses have taken advantage of this cheap debt just to get by - total credit to UK businesses reached 81.5% GDP in the third quarter of 2019, far before the crisis hit.

Comment: See also:


Cult

Police bust 'horrific' child sex abuse ring spread across five states

Reece Kershaw.
© Gary RamageAustralian Federal Police Commissioner Reece Kershaw.
A global child exploitation sting triggered by a US Department of Homeland Security investigation has rescued four Australian children as young as two months old who were used to produce and ­exchange child rape videos and images through online pedophile networks around the world.

In one of the largest joint operations in the country — led by the Australian Federal Police and spread across five states — 16 ­people have been charged with 728 child exploitation and sexual abuse ­offences following a two-year ­investigation into the online ­exchange of child pornography.

The arrests come as AFP Commissioner Reece Kershaw warned of a spike in traffic across the so-called dark web — ­including live-streaming and incidents of child sexual abuse and child grooming — since the outbreak of the coronavirus, prompting a call for parents to strictly monitor their children's online activity during the lockdown.

The Australian understands that the four children were aged between two months and eight years and are believed to be ­related to those who had sexually abused them and then exchanged the graphic images through highly encrypted web forums.