Lacalle: Why The US Recovery Is Not That Strong

April 20, 2021@8:25 PM TFP Editor 0

Lacalle: Why The US Recovery Is Not That Strong Authored by Daniel Lacalle, The United States: Hardly A Recovery There is an overly optimistic consensus view about the speed and strength of the United States’ recovery that is contradicted by facts. It is true that the United States recovery is stronger than the European or Japanese one, but the macro data shows that the euphoric messages about aggregate GDP growth are wildly exaggerated. Of course, Gross Domestic Product is going to rise fast, with estimates of 6% for 2021. It would be alarming if it did not after a massive chain of READ MORE

Oil prices could be as high as $75 in a year’s time, says oil expert Dan Yergin

April 20, 2021@7:53 PM TFP Editor 0

Demand and supply pressures will offset each other in the oil market, and it’s possible for prices to remain in its current range in a year’s time as countries recover from the coronavirus crisis, said oil expert Dan Yergin. “If we really do have the rest of the world recover, I think it’s reasonable to think that oil would be in that $60 to $75 range,” the vice chairman of IHS Markit said. “That’s what the markets are telling us as the U.S. recovers, and China has already recovered,” he told CNBC’s “Street Signs Asia” on Tuesday. Brent crude futures READ MORE

‘Justice’: America reacts to Floyd murderer’s conviction

April 20, 2021@7:34 PM 0

Published by AFP Washington (AFP) – Politicians, rights activists and family members and even world leaders reacted with jubilation and relief Tuesday as sacked Minneapolis policeman Derek Chauvin was convicted of the murder of George Floyd, a Black man who died when the officer knelt on his neck for more than nine minutes last year.  Here are some the immediate reactions following the announcement of the guilty verdicts on all three counts — second degree murder, third degree murder and second-degree manslaughter.  US President Joe Biden”Systematic racism is a stain on our nation’s soul… No one should be a…

Biden calls ‘systemic racism’ a ‘stain on our nation’s soul’

April 20, 2021@7:34 PM 0

Published by AFP Washington (AFP) – US President Joe Biden called systemic racism a “stain on our nation’s soul” in a televised address to the nation Tuesday after a white former police officer was convicted of murdering a Black man during an arrest. Biden spoke out after a jury in the Midwestern city of Minneapolis found Derek Chauvin guilty of intentionally suffocating handcuffed George Floyd as he lay defenseless, with the officer’s knee pressing on his neck for more than nine minutes. The president called for “confronting head on systemic racism and the racial disparities that exist in policing and READ MORE

Bill Gates Criticized For Blocking The Equitable Distribution Of COVID Vaccines

April 20, 2021@7:25 PM TFP Editor 0

Bill Gates Criticized For Blocking The Equitable Distribution Of COVID Vaccines Nearly 1 billion COVID vaccination shots have been distributed around the world, but in more than 120 countries, not a single dose has been received, much less administered. And as we explained recently, one man is to overwhelmingly to blame for this sorry state of affairs: Microsoft founder Bill Gates. Thanks to his role as the world’s de facto public health czar, Gates has used his influence to ensure that the international vaccine rollout remains firmly under the control of drugmaking giants, and that the intellectual property undergirding vaccines READ MORE

Tears of joy, relief after conviction in Floyd murder case

April 20, 2021@6:34 PM 0

Published by AFP Minneapolis (AFP) – “Guilty!”: As the jury’s murder conviction against white ex-policeman Derek Chauvin was relayed on a loudspeaker Tuesday, the crowd in front of the Minneapolis courthouse erupted in joy and relief. More than 200 people had gathered to hear the verdict for the man accused of killing African-American George Floyd, a case that sparked protests against racial injustice around the world. “Guilty on all three counts,” a man announced over a megaphone, and tears streamed down more than one face in the crowd. “Today we celebrate justice for our city,” he added. “I can’t believe READ MORE

‘Joints for jabs’: free marijuana for vaccinated New Yorkers

April 20, 2021@6:34 PM 0

Published by AFP New York (AFP) – New Yorkers who have been vaccinated against Covid-19 were able to get an unlikely freebie Tuesday: a marijuana joint. Activists celebrating the recent legalization of recreational pot in New York state handed out free doobies in Manhattan to anyone with proof they had received at least one vaccine shot. “This is the first time we can sit around and legally hand people joints,” said Michael O’Malley, one of the organizers of the “Joints for Jabs” giveaway in Union Square. “We’re supporting the federal effort to roll out vaccinations. And we’re also trying to READ MORE

The Lockdown Paradigm Is Collapsing

April 20, 2021@6:25 PM TFP Editor 0

The Lockdown Paradigm Is Collapsing Authored by Jeffrey Tucker via The American Institute for Economic Research, It’s taken much longer than it should have but at last it seems to be happening: the lockdown paradigm is collapsing. The signs are all around us.  The one-time hero of the lockdown, New York Governor Andrew Cuomo, is now deeply unpopular and most voters want him to resign. Meanwhile, polls have started to favor Florida governor and lockdown opponent Ron DeSantis for influence over the GOP in the future. This remarkable flip in fortunes is due to the dawning realization that the lockdowns were a disastrous READ MORE

Labour: Save Liberty Steel before it goes bust

April 20, 2021@6:07 PM TFP Editor 0

“Labour is calling on ministers to intervene early before liquidation to save workers jobs, terms and conditions, and give customers and suppliers confidence that orders will be fulfilled, bills paid, and domestic steelmaking capacity will be safeguarded,” said shadow minister for business and consumers Lucy Powell. Read on The Source