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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (159537)6/25/2020 12:29:17 PM
From: Pogeu Mahone  Read Replies (1) | Respond to of 218007
 
Macy’s will slash 3,900 corporate jobs as coronavirus hammers sales


Macy’s flagship store in New York on May 12. (Demetrius Freeman/Bloomberg News)
Macy’s is laying off 3,900 corporate employees and managers, or about 3 percent of its total workforce, marking the latest effort by the beleaguered retailer to cut costs during the coronavirus pandemic.

The layoffs announced Thursday come just months after the beleaguered retailer said it would close 125 stores — about a fifth of its total — and shed 2,000 jobs after a disappointing holiday season. The company also is scaling back staffing at its Macy’s and Bloomingdale’s stores, distribution facilities and customer service centers but says it will “adjust as sales recover.”

The retail giant furloughed the majority of its 125,000 employees in mid-March after coronavirus-related closures led to a steep decline in sales. Many of those workers are expected to return to work in July as the company continues reopening stores across the country.

Read more here.



To: John Vosilla who wrote (159537)6/25/2020 12:43:36 PM
From: Pogeu Mahone  Respond to of 218007
 
WHO official warns ‘significant resurgence’ in Europe could push health systems ‘to the brink’ again

The number of coronavirus cases in Europe increased for the first time in months last week, a World Health Organization official warned Thursday, with a “very significant resurgence” in 11 countries that could “push health systems to the brink once again” if left unchecked.

Hans Kluge, the WHO regional director for Europe, said 30 European countries had seen infections rise over the past two weeks.

“Last week, Europe saw an increase in weekly cases for the first time in months. For weeks I have spoken about the risk of resurgence as countries adjust measures,” Kluge said. “In several countries across Europe, this risk has now become a reality."

In 11 of the 30 countries with recently rising cases, he said, “accelerated transmission has led to very significant resurgence that if left unchecked will push health systems to the brink once again in Europe.”

WHO had noted some positive examples of containment, Kluge said, pointing to regional outbreaks in Poland, Germany and Spain, and many people across Europe were adhering to social distancing and wearing masks. “Bravo to the people!” Kluge said.

But there was still much more to be done on the continent, especially with regards to technology and contact tracing, he said.

“We need to get smarter in using the evidence and the information we have from our covid-19 surveillance systems to improve the only way we have to minimize transmission: find, isolate, test and care for every case,” he said. “Trace and quarantine every contact.”

By A



To: John Vosilla who wrote (159537)6/25/2020 4:11:50 PM
From: TobagoJack1 Recommendation

Recommended By
Cogito Ergo Sum

  Read Replies (2) | Respond to of 218007
 
Re <<mom and pop>>

I can imagine that the ‘mom and pop’ stores shall be merely decorative touches to modern magapolis planned cityscape, and serve more as nice-to-haves as opposed to crucial-to-the-system stuff, in effect providing jobs as opposed to creating wealth.

Right now we all are dealing w/ and wondering about what-after-CoVid, and i hope / pray that the world shall still revert to the 3D social wonderland it was and should be, and that cities remain useful.

Here is to hopium.



To: John Vosilla who wrote (159537)6/26/2020 11:04:40 AM
From: TobagoJack  Read Replies (1) | Respond to of 218007
 
all costs paper money

inflation.us

Most Important Gold Update in History

Since March 18, 2020, the real U.S. 5-year bond yield based on the TIPS market has declined by 142 basis points from 0.63% down to -0.79%. During this same time period, gold has gained by $283.50 or 19.17% from $1,478.50 per oz up to a settlement price yesterday of $1,762.10 per oz.

Back on August 22, 2011, when gold reached its all-time nominal high settlement price of $1,888.70 per oz, the real U.S. 5-year bond yield based on the TIPS market settled at -0.79%, which is exactly where it settled yesterday! We are currently experiencing a repeat of 2011, but the 2020 gold run has only just begun!

The 2011 gold run occurred over a period of exactly 27 weeks and it coincided with a very similar downward swing in real U.S. 5-year bond yields. On February 14, 2011, the real U.S. 5-year bond yield settled at 0.51% as gold settled at $1,364.60 per oz. Over the following 27 weeks, real U.S. 5-year bond yields declined by 130 basis points to -0.79% as gold gained by $524.10 or 38.4% to $1,888.70 per oz.

If the 2020 gold run occurs over a period of 27 weeks like in 2011 and results in the same percentage gain of 38.4%, it will result in gold reaching $2,046.38 per oz on September 23, 2020.

Although gold's day-to-day movements and short-term swings are closely correlated to the real U.S. 5-year bond yield, gold's long-term gains are closely correlated to growth in the real U.S. money supply... calculated by adding together total U.S. checkable deposits + total U.S. savings deposits + total U.S. currency in circulation + U.S. treasury deposits at Federal Reserve banks. When gold reached its all-time nominal high settlement price of $1,888.70 per oz on August 22, 2011, the real U.S. money supply was only $7.951 trillion. During the 106 months since then, the real U.S. money supply has grown by 127.33% to $18.075 trillion.

NIA has created two exclusive charts of the nominal gold price vs. real money supply adjusted gold price from August 22, 2011 through today. Gold's all-time nominal high settlement price of $1,888.70 per oz from August 22, 2011 would today be equivalent to $4,294 per oz.