Fans of “complementary currency” are betting that this Depression-era idea for keeping towns alive by printing local money can prove its worth as pandemic relief. Source: A Depression-Era Idea Gets a New Look: Local Money – Bloomberg
Health insurance whistleblower: I lied to Americans about Canadian medicine – The Washington Post A former insurance insider claims that a coordinated disinformation campaign by the insurance industry successfully swayed popular opinion against reforms in US healthcare, which he believes has left the country totally unprepared for the SARS-CoV-2 medical emergency we now face. Follow […]
Here is an account by one young family that, because of economic and corona virus concerns, moved from urban California to rural Maine to live with the author’s parents. — Read on www.yahoo.com/news/relocated-central-california-tiny-coastal-130200430.html
Can there be a silver lining behind the corona virus cloud? Some small towns and cities are starting to see an influx of young people. Is this a longterm trend or just a temporary phenomenon? Only time will tell. Source: How a remote work boom and city exodus might reshape rural America
Please see the below link at the New York Times for the most recent COVID-19 state reports: int.nyt.com/data/documenttools/states-report-virus-response-july-26/e241189157b34378/full.pdf
The collapse of the “Almost Everything Bubble,” which was catalyzed by NOT created by SARS-CoV-2, is increasing the the rate of hunger across the US. Food production, processing and distribution systems have all been severely impacted and will not be able to recover in the near term. — Read on www.yahoo.com/finance/news/hunger-rate-amid-coronavirus-higher-than-during-great-depression-feeding-america-ceo-113427115.html
Equity markets are hitting and maintaining all time historic highs, so it seems reasonable to believe that the economy is performing at exceptional levels in order to justify the record-high valuations. However, when one becomes aware that there are at least 32 million unemployed, that many of the lost jobs will never return, and that […]
All that spare change you have lost in your sofa can now earn you a profit at many banks around the country. Read more here: Source: Banks Are Paying People to Bring in Their Spare Change as National “Coin Shortage” Takes Place
Money isn’t distributed equally enough in America anymore, and it’s getting worse, faster. Those living on minimum wage are earning 38% less, adjusted for inflation, compared to their counterparts 50 years ago. What gives? — Read on finance.yahoo.com/news/america-we-have-a-problem-115714416.html
The Corona Virus outbreak is expected to bring hardship to many parts of the economy, including the still overvalued housing sector. Once the virus contagion subsides and economy starts up again, baby boomers are expected to flood the housing market as they try to downsize and extract equity from their homes in order to cover […]