Tag: coronavirus

Consumer Sentiment Highest Since Pandemic Began

Consumer Sentiment Highest Since Pandemic Began
The current stock market levels are very misleading, as the indices are all artificially inflated by Federal government intervention. Eventually reality will set in, and we'll all come down to Earth, but there is still some reason to be bullish going forward. One reason is that the University of Michigan Consumer Sentiment Index, formerly known as the consumer confidence index, is now at its highest level since the coronavirus pandemic broke out and hamstrung the economy. Apparently, the consumer market in the world's richest country is feeling better right now about the state of things that at any previous point during COVID...

Big Ten Makes Big Dice Roll on Restarting Football

Big Ten Makes Big Dice Roll on Restarting Football
Yesterday was a huge news day as the Big Ten announced the football season’s return on October 23 and October 24. It was a long day of wordy public statements and protracted Zoom calls with the media. There is a wide range of thoughts and feelings one could have about this decision, but if you're not conflicted and ambivalent, you're just not paying attention. Sadly, society rewards, via the of lavishing attention upon, those two polarities while ignoring the analysis that contains nuance and contradiction. The Big Ten is taking a huge risk, albeit a very carefully calculated one. ...

Where Chicago Sports Teams Currently Stand Amid Pandemic

Where Chicago Sports Teams Currently Stand Amid Pandemic
Sports are very far from being a priority right now in the United States, but at the same time their value is rather important within this moment. Due to the COVID-19 pandemic, the entertainment industry is essentially shut down, and most of the businesses that comprise the tourism sector of the economy remain closed. In short, there isn't a whole lot to do, and as we try to stay home as much as possible to fight the spread of coronavirus, we need something to watch on television. Luckily, the NBA, MLB and NHL are all currently active and providing some sort of escape during a very trying year...
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Entertainment Industry Struggles Amid Pandemic are Complicated

Entertainment Industry Struggles Amid Pandemic are Complicated

COVID-19 has hit a lot of different sectors of the economy hard, for many different reasons, but perhaps none is as complicated as the entertainment industry. Basically, if it's something you had to go buy a ticket to, with long advance notice, it just isn't happening in 2020.

The "event economy" or "fun sector" is basically wiped out for the time being. However, it doesn't mean that it's overall bearish for the entertainment sector until we pull ourselves out of the COVID-19 pandemic. The so-called "stay at home" economy is thriving, as this is now a great time for subscription streaming services. "Netflix and chill, anyone?"

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How Lockdown and Re-Opening is Affecting Our Pets

How Lockdown and Re-Opening is Affecting Our Pets
As the coronavirus pandemic started to sweep across the globe, many people took animal companions into our homes. Some pets were fosters, others into their new forever homes. However, life under lockdown is weird, unnatural and strange to say the least- both humans and pets alike. The dogs and cats already in our lives suddenly had to adjust to the concept of us being around nearly all the time. The animals entering into a new relationship with a human got to know this person in a way that's not reflective of life is going to be moving forward. While we evalaute and strive to maintain our own physical, mental and psychological well-being, we need to think of our furry friends at the same time...

Is the Worst of the Stock Market Crash Behind Us Now?

Is the Worst of the Stock Market Crash Behind Us Now?

Make no mistake about it the world's economies are in for a world of pain as mandatory social distancing measures cripple entire industries and their related supply chains. No one can say for sure how long it will last or how bad it might get, but it's possible that the stock market has already priced in the lean times ahead.

For those believe the Dow Jones Industrial Average is predictive and anticipative of greater economic conditions, perhaps the worst is now behind us. Before a sizable pull back this past Friday, last week consisted of a three-day surge that saw the Dow post the largest rally since the Depression era. Monday closed 690 points above the previous trading day, and that put the index in the green four of the past five sessions. 

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Will the $2.2 Trillion Economic Relief Package Be Enough?

Will the $2.2 Trillion Economic Relief Package Be Enough?

The United States Senate, by a vote of 96-0, approved a $2.2 trillion dollar coronavirus pandemic aid initiative on Wednesday, with Speaker Nancy Pelosi planning to push the bill through the House of Representatives on Friday. From there it will be sent to President Trump for his signature, and then the economic relief package will become law.

It's by far the largest economic relief bill in American history, but that was to be expected, especially when you factor in the time value of money. A majority of the funds will be geared towards financial stimulus, with $500 billion set aside for sending direct payments of $1,200 to every American that earns less than $75,000 per year. It is expected that these checks will take three weeks to reach these Americans in need, so billionaire businessman and entrepreneur Mark Cuban is trying as hard as he can to get this money to the people who need it faster.

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Coronavirus Pandemic: Eight News Stories Providing Hope

Coronavirus Pandemic: Eight News Stories Providing Hope

While many would often first compare the current coronavirus pandemic that we're facing to the Spanish Flu and World War I, there's another way to look at it. Maybe this more like WWII, where every single facet of our daily lives was altered (we're certainly at that point now), and every single one of us changed our daily habits to aid the war effort.

It's a full on mobilization- whatever you do everyday for work, now you do work that helps the cause. During WWII the car companies switched to making tanks. If everybody does their part, it all adds up, and soon we get through, triumphantly, to the other side of the pandemic.

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