Congress’s emergency coronavirus bill would provide colleges and universities with about $14 billion to weather shutdowns and move to distance learning. That is unlikely to be enough.
Colleges Get Billions in Coronavirus Relief, but Say Deal Falls Short of Needs — NYT > U.S. > Politics
Author: JavaExchange
Learner, Scholar, Economists
The spread of the Coronavirus and paid sick leave.
the Social Distancing in non-effect.
The UK ban on social interaction is not working as planned. The tourist hot spots had the busiest weekend on record.
The President is Offering Help Says North Korea
While not fully confirming the message, the White House did state President Trump contacted the North Korean government.
Trump Writes to Kim Jong-un Offering Help in Virus Fight, North Korea SaysTrump Writes to Kim Jong-un Offering Help in Virus Fight, North Korea Says
The North, which says it is waging an all-out campaign against the coronavirus, expressed “sincere gratitude” for the president’s letter.
Texas oil producers ask state to limit output as prices collapse — Financial Post
Two of the biggest oil producers in Texas are asking the state regulator to consider curtailing the amount of oil companies can pump – an attempt to stem a dramatic collapse in prices and something that has not been done since the 1970s. Read More
Texas oil producers ask state to limit output as prices collapse — Financial Post
Odd, a private enterprise wishes the government to impose a price floor by limiting production.
Governments offer financial lifelines to airlines, at a price — Financial Post
SYDNEY/WASHINGTON — Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus. Read More
Governments offer financial lifelines to airlines, at a price — Financial Post
Oil Crash Wipes Out $31 Billion From Industry’s Investment Plans — Financial Post
(Bloomberg) — The global oil and gas industry has slashed at least $31 billion from investment budgets after crude’s epic price crash this month, and more cuts are likely to come. Read More
Oil Crash Wipes Out $31 Billion From Industry’s Investment Plans — Financial Post
Profiting from the crisis?
According the records from ProPublica Senate Burr traded stock while insisted the Coronavirus was not an issue.
Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions.
Should any bailouts come with strings attached?
The tax law changes of 2017 afforded the largest companies in America to buy back stock shares. This benefited the largest stock share holders, usually members of the board and high level management. Due to the Corona Virus the country’s economic and industrial sector are suffering. If corporate America needs a bailout at taxpayer’s expense, should the country try to limit the use of the money? One billionaire weighs in…
Billionaire entrepreneur Mark Cuban told CNBC on Wednesday that companies that get federal assistance in response to the coronavirus crisis should be prevented from buying back stock ever again.
Spain’s stock market regulator bans short-selling for a month
MADRID — Spain’s stock market regulator CNVM on Monday banned transactions with Spanish shares involving the creation and increase in net short …
Spain’s stock market regulator bans short-selling for a month
the Java Exchange 