The meatpacking industry is being ravaged by the Coronavirus crisis, and thousands of employees have reportedly tested positive for COVID-19.

This has led to a significantly reduced capacity for processing hogs into pork, which is forcing farmers like Leman to make the difficult decision to euthanize their pigs.

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The unemployment rate shot up to 14.7% last month — the highest level since the Great Depression. 

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1,800 Migrant Children Detained Despite Pandemic
2020-05-13 13:22 •

1,800 Migrant Children Detained Despite Pandemic

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Pompeo Visits Israel, Supporting West Bank Annexation Plans
2020-05-13 13:19 •

Secretary of State Mike Pompeo has arrived in Israel for talks with Prime Minister Benjamin Netanyahu and his coalition partner, Benny Gantz. Pompeo’s trip comes...

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Vermont independent Senator Bernie Sanders and Minnesota Democratic Congressmember Ilhan Omar have joined more than 300 lawmakers around the world calling for the cancellation of poor nations’ debts as they struggle with the COVID-19 crisis. 

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Elon Musk: “Thank you!”
2020-05-13 13:08 •

Tesla CEO Elon Musk Defies Lockdown Order, Reopens California Auto Plant

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Lessons from porn industry could help Hollywood adapt to outbreak... 

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UBER Shareholders Revolt on CEO's Huge Pay Package Amid Layoffs...

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Plenty of Meat in America -- For Those Who Can Afford It...

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2020-04-21 11:39 •

Here are the largest public companies taking payroll loans meant for small businesses...

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2020-04-21 11:31 •

Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Associated Press investigation found.

The Paycheck Protection Program was supposed to infuse small businesses, which typically have less access to quick cash and credit, with $349 billion in emergency loans that could help keep workers on the job and bills paid on time.

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Michael Cohen to Be Released from Federal Detention
2020-04-20 16:52 •

President Trump’s former personal attorney and fixer Michael Cohen is being released from prison to serve the remainder of his three-year sentence under house arrest. Some 21 staff and prisoners ...

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In environmental news, the Trump administration has rolled back regulations on emissions of toxic mercury and other pollutants from coal- and oil-fired power plants. The new rule changes how the Environmental Protection Agency will run cost-benefit analyses for power plants: The perceived health benefits of cutting pollution will be reduced, while the economic costs of curbing pollution will be increased. Mercury is a highly toxic metal that causes brain damage and birth defects.

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Negative Oil Price... Here is WHY
2020-04-20 14:56 •

How did you end up with negative oil prices today?  This happens when a physical futures contract find no buyers close to or at expiry. 

Let me explain what that means:

A physical contract such as the NYMEX WTI has a delivery point at Cushing, OK, & date, in this occurrence May.  So people who hold the contract at the end of the trading window have to take physical delivery of the oil they bought on the futures market.  This is very rare

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Very informative
05-03 04:23 by Liam
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