Why would anyone pay $10 to purchase a $4 latte at Starbucks with bitcoin?
History indicates the economy does not have to suffer enduring damage from a pandemic. The Spanish flu was followed by the roaring 20s, and the 1957 flu bore few lasting effects.
President Xi Jinping is out to undermine Western democracies and their economies, and impose the CCP’s values in a China-centric system of refurbished international institutions.
Most universities have lagged terribly at exploiting technology for instruction and been reluctant to outsource the standardized content such as in 101 courses.
Folks will be flying less but Zooming more. Planes at two-thirds capacity will require higher fares or airlines will take another trip through bankruptcy.
COVID-19 has left the U.S. and global economies in tough shape.
My advice remains through storms and sunshine, the soundest long-term choice for ordinary folks are the Vanguard, USAA and similar S&P 500 index funds.
Too often, police have to respond to events that aren’t really police business.
If Hong Kong is no longer free, then Washington should revoke its special privileges in trade and banking.