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Norway launches $10 billion crisis fund amidst economic downturn & 'coronavirus crisis'

SAS airline
© AP Photo / Johan Nilsson, SCANPIX
Despite the extensive relief package, the government admitted that layoffs will be unavoidable as numerous companies have already seen their revenues "vanish overnight", in the words of the Norwegian prime minister.

Norway is establishing a coronavirus crisis fund worth at least NOK 100 billion ($10 billion) to secure the liquidity in companies, the newspaper Aftenposten reported.

According to Prime Minister Erna Solberg, half of it is earmarked for small- and medium-sized businesses and the other half for large companies. The goal is to help them survive the country's worst economic downturn in many years.

"We are in a crisis," Prime Minister Solberg declared at a press conference Sunday evening. According to her, the most important job was to "limit the outbreak of the coronavirus as much as possible and to save lives".

Comment: With the taxpayer barely getting by these days and with many out in the streets protesting the deterioration of living standards, prior to the coronavirus hysteria, and now with companies going bust and massive layoffs, just who is going to pay for all these emergency bailouts?


Megaphone

Popular television doctor, Dr. Drew, says press should be 'held accountable' for coronavirus panic: 'They are hurting people'

Dr. Drew Pinsky
© Jordan Strauss/Invision/AP, File
In this April 9, 2016 file photo, Drew Pinsky arrives at the MTV Movie Awards in Burbank, Calif. Pinsky's show "Dr. Drew," has been canceled by the HLN network. His last episode will air on Sept. 22.
Celebrity physician Dr. Drew Pinsky isn't changing his tune about the novel coronavirus, declaring Monday that the news media should be "held accountable" for the damage they're doing to people's lives and the economy by over-hyping the virus.

"A bad flu season is 80,000 dead. We've got about 18,000 dead from influenza this year; we have 100 from corona," Dr. Pinsky told CBS Local's DJ Sixsmith in an interview.

"Which should you be worried about, influenza or corona, 100 versus 18,000? It's not a trick question," he continued. "Look, everything that's going on, with New York cleaning the subways and everyone using Clorox wipes, and get your flu shot, which should be the other message, that's good, that's a good thing. So I have no problems with the behaviors.

Comment: Where's the lie?

See also:


Light Sabers

France slaps Apple with record €1.1 BILLION for monopoly practices

apple
© Reuters / Arnd Wiegmann
France's national competition regulator announced on Monday it has fined American tech giant Apple a record €1.1 billion ($1.23bn) for anti-competitive practices after nearly a decade of investigations.

The decision comes over Apple's alleged anti-competitive behavior in its distribution and sales networks.

The authority said that two of Apple's wholesalers, Tech Data and Ingram Micro, were fined €63 million and €76 million respectively for unlawfully agreeing on prices.

According to the French regulator, "Apple and its two wholesalers have agreed not to compete with each other and to prevent distributors from competing with each other, thereby sterilising the wholesale market for Apple products."

Comment: The beginning of tit for tat? White House threatens to sanction $2.4bn worth of French imports in retaliation for digital tax targeting US tech giants


Stormtrooper

Panic will end but tyranny will not

Boot on your Face
© Abiuro
Our contemporaries are constantly excited by two conflicting passions; they want to be led, and they wish to remain free: as they cannot destroy either one or the other of these contrary propensities, they strive to satisfy them both at once. They devise a sole, tutelary, and all-powerful form of government, but elected by the people. They combine the principle of centralization and that of popular sovereignty; this gives them a respite: they console themselves for being in tutelage by the reflection that they have chosen their own guardians. Every man allows himself to be put in leading-strings, because he sees that it is not a person or a class of persons, but the people at large that holds the end of his chain.

By this system the people shake off their state of dependence just long enough to select their master, and then relapse into it again. A great many persons at the present day are quite contented with this sort of compromise between administrative despotism and the sovereignty of the people; and they think they have done enough for the protection of individual freedom when they have surrendered it to the power of the nation at large. This does not satisfy me: the nature of him I am to obey signifies less to me than the fact of extorted obedience."

~ Alexis de Tocqueville, Democracy in America
Any real state of fear will bring panic, and once panic is the prevailing attitude of society at large, the herd seeks safety at all cost. Seeking safety under these circumstances allows for tyranny by the ruling class, and when the restrictive consequences of that tyranny are in place, escape from mass servitude is almost impossible to achieve. It must be understood that decisions made under stress due to fear end with a loss of freedom, and when freedom is compromised, what is left is slavery.

Comment: In the US many have already lost their sanity, and the 'freedoms' we had have already lost. The real pandemic is the dictatorial response by all countries, and all driven by the same hysteria.


Pumpkin 2

Utah police request criminals to 'cease nefarious behavior', respect quarantines and 'wash your hands' during coronavirus crisis

utah police
© REUTERS/George Frey
Police in Logan, Utah
Several Utah police departments have pleaded with criminals to stop their "nefarious" behavior in light of increasing amounts of coronavirus cases in the US. Is this all one big joke?

It's difficult to tell how seriously the US government is taking the coronavirus when politicians are urging people to quarantine themselves indoors, but state officials are using the virus as a punchline.

Comment: Most Twitterati recognized the humor and joined in:


Similar humour with a message, often goes out during severe weather events. From last January:
funny tweet police de
© Warrensburg Police Department/Facebook
The City of Lawrence, Kansas police department has developed a devoted following with its clever Twitter messaging, with the corresponding community support:







Bizarro Earth

'Just take it easy, just relax': Trump warns against HOARDING over coronavirus as VIDEOS of shoppers cleaning out stores go viral

paper towels
© Jerome Miron-USA TODAY Sports
The White House has warned citizens against hoarding daily supplies in the wake of videos showing people fighting for products like toilet paper and hand sanitizer and panic-buying daily essentials until shelves are empty.

President Donald Trump on Sunday spoke with "more than two dozen" grocery store and supply chain executives and thanked them for their work as people flock to stores to stockpile on supplies over fears surrounding the spread of coronavirus.

Delivering his daily update on the coronavirus situation, Trump suggested Americans "just take it easy, just relax," adding that the empty shelves all over the country are the result of "people buying anywhere three to five times of what they would normally buy."
There is no need for anyone in the country to hoard essential food supplies. Just go and buy, enjoy it, have a nice dinner, relax, because there's plenty of it

Comment: This is good advice from Trump. Now if they just told the media to chill out and stop spreading hysteria they'd be on the right track.


Heart - Black

Beyond Sick: Lawsuit against government that approved a pedophile experiment handing over children to see if it would help them

Government Experiment Helmut Kentler
Starting in 1969 and running through 2003, a sickening and bizarre sexual experiment was carried out by government officials and a pedophile scientist that deliberately placed troubled children in the care of pedophiles to see if it had "positive consequences." Victims from this utterly horrifying practice have filed a lawsuit which is getting media coverage this month, exposing the grotesque details of this taxpayer-funded pedophilia experiment.

This practice was known as the Kentler experiment — named after Helmut Kentler, an academic who argued that pedophilia could have "positive consequences" on children. The unruly and "feeble-minded" children would benefit from adult sexual attention, according to Kentler.

Despite the absolutely horrid implications of putting children in the care of pedophiles, in 1969, Kentler managed to persuade West Berlin's ruling Senate that troubled youths would be glad to be put into situations in which they would be sexually abused.

Comment: Despite officials pleading 'they have no idea as to who in the agency agreed to run such a monstrous experiment," they most certainly know who (whether behind closed doors or not) in the West Berlin Senate gave it the green light.

See also (Translation: Svetlana Maksovic for SOTT.net): Pedocracy: For decades, Berlin government authority deliberately sent orphans to 'special school' run by pedophiles


No Entry

Midtown Manhattan bank runs out of $100 bills amid Corona panic

Bank of America
With the stock market plummeting as the realities of the COVID-19 outbreak sink in, nervous New Yorkers flooded a Midtown Manhattan Bank of America - taking out large sums of cash into the tens of thousands of dollars at a time.

So much so, in fact, that the branch at 52nd St. and Park Avenue ran out of $100 bills according to the New York Times, citing three people familiar with the branch's operations. Of note, the problem was limited to large bills - with smaller denominations remaining stocked. Two days later, the bank was resupplied.
The shortage hit after a rash of requests for as much as $50,000, said two people who witnessed the rush.

The problem was limited to large bills — the bank's A.T.M.s stayed stocked and customers with routine transactions were still able to take out cash. By Friday morning, the bank had refilled its supply of big bills, two of the people said.

But the desire for cash persisted: A teller at a JPMorgan Chase branch across the street said on Friday that there had been a "nonstop" stream of customers stockpiling cash over the past two days. -NYT

Corona

Latest Covid panic updates: UK to put all citizens over 70 into isolation, Spain goes on full lockdown, Berlin shuts down brothels - UPDATES

elderly british man
© REUTERS / Toby Melville
An elderly spectator attends the annual Henley Royal Regatta rowing festival in Henley-on-Thames, Britain.
UK's Health Secretary confirmed plans to isolate people aged over 70 for up to four months amid a coronavirus pandemic. The goal is to protect them, but critics say it may be a really bad idea.

Isolating the elderly is "clearly in the action plan" Health Secretary Matt Hancock has told Sky News, confirming earlier reports in the British media. "We will be setting it out with more detail when it's the right time to do," he added, which may come within weeks.

"We absolutely appreciate that it is a very big ask of the elderly and the vulnerable, and it's for their own self-protection," Hancock told Sky News' Sophy Ridge.

Earlier ITV's political editor Robert Peston said the British government was likely to enforce a "wartime-style" mobilization effort and other emergency measures, including isolation of elderly people.

Britain has 1,140 confirmed cases of the Covid-19 disease, with the death toll standing at 21. Elderly people have shown to be more vulnerable to the virus, as they are more likely to develop serious symptoms.

The British government has been criticized for its response to the coronavirus epidemic, which seems to be focused on building up "herd immunity," rather than restraining the spread of the virus.

Comment: Spain imposed a nationwide lockdown - people will only be able to leave their homes to buy food and medicine, and to go to work or emergencies. It will last for at least the next 15 days. All restaurants, bars, hotels, schools, and non-essential retail outlets will be closed, as will public transportation. Berlin shut down its museums, bars, and brothels. France closed its restaurants, clubs, and most shops. Lebanon declared a state of emergency. Syria postponed parliamentary elections for a month. Israel and Iran closed pilgrimage sites (Iran continues to experience around 100 new deaths per day - yesterday saw 113).

New York's De Blasio called it a "war-like scenario", calling to nationalize factories and industries. Doesn't get much more politicized than that!

Hezbollah's Nasrallah also made the war comparison - a "world war", to boot - calling the Trump admin "the worst liars" for downplaying the threat and giving low numbers of those infected.

Travelers at US airports are having to wait up to 10 hours to get through due to new screening protocols.

Illinois has ordered restaurants to turn away all dine-in customers. Servers and bartenders sure are going to suffer in this climate! California governor Gavin Newsome has urged all bars, clubs, and wineries to close and asked all people over 65 to remain home.

Scandinavian Airlines has halted most of its flights and will "temporarily" lay off 90% of its employees, up to 10,000 people.

See also:


Snakes in Suits

£7.5 billion bailout needed by UK airlines, carriers throughout EU & US to appeal for aid

fly be

Virgin Atlantic was a shareholder in Flybe collapsed into administration
Virgin Atlantic boss urges Boris Johnson to sanction £7.5bn airline bailout The PM will be told by Virgin Atlantic bosses that the airline industry needs government aid worth up to £7.5bn, Sky News learns.

Britain's airline industry needs emergency government support worth up to £7.5bn to avert a catastrophe that would wipe out tens of thousands of jobs, Boris Johnson will be told next week.

Sky News has learnt that Peter Norris, the chairman of Virgin Atlantic Airways' majority shareholder, Virgin Group, will write to the prime minister on Monday to warn that the sector needs immediate financial aid to survive.

The bailout request will come ahead of what could prove to be the bloodiest week in British aviation history, with British Airways, Virgin Atlantic, easyJet and Ryanair all expected to announce mass groundings of aircraft and potentially huge redundancies as the COVID-19 crisis escalates.