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Cramm for 3/20/20
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THE HIGHLIGHTS

Here’s your daily coronavirus update. 

 

THE HAPPENINGS. 

For the first time, the coronavirus death toll in Italy has overtaken the death toll in China. Not a typo. Meaning Italy’s now the epicenter of the coronavirus outbreak. Over in Argentina, the country’s locking down nationwide. California can relate. The state’s, oh, 40 million residents are being ordered to pretty please stay home and only leave the house for essentials, like food and healthcare. It marks the first US state to issue that kind of an order. 

 

THE HAPPENINGS PT 2. 

The whole world’s got money on their minds. See: Prez Trump, who said he’d consider federal equity stakes in bizes looking for bailouts. Aka the gov would maybe kinda sorta take some shares of bizes they support with federal aid. Over in Europe, the European Central Bank is tossing more than $800 billion (yes, with a b) into the economy. Think: buying gov debt and private securities. 

 

THE HAPPENINGS PT 3. 

They’re not the only ones concerned about money. Recently, Goldman Sachs predicted that 2.25 million Americans filed unemployment claims this week. We’ll repeat: 2.25 million Americans...filed unemployment claims….this week. That’s the highest on record, BTW. Meanwhile, Walmart’s looking to hire 150,000 temporary workers

 

SO…?

The situation with COVID-19 keeps escalating. TBD, TBD, TBD.


THE ACTION

POLITICS: Yesterday, Rep Tulsi Gabbard (D-HI) said ‘aloha’ and officially ended her presidential bid. Reminder: the rep only snagged two delegates total in the 2020 primary elections these past couple months. Now, it looks like Gabbard’s endorsing former Vice Prez Joe Biden. Speaking of which, Sen Kirsten Gillibrand (D-NY) just threw her support behind Biden, too. You know Gillibrand as the senator who ran for prez before dropping out just a few months later. All of this comes as the country’s speculating over who Biden would pick to be his vice prez if he won the nomination. 

 

PEOPLE: Meet Sen Richard Burr (R-NC), the chairman of the Senate Intelligence Committee. Recently, it came out that he sold up to $1.7 million of his stocks on February 13. Problem, since around this time, Burr was receiving daily coronavirus updates from the gov and apparently privately referred to the outbreak as “aggressive” and “akin to the 1918 pandemic”....while publicly writing that the US is “better prepared than ever” to handle public health threats like the coronavirus. And just a week later, the stock market began drop drop dropping - and has now lost about 30% since Burr sold his stocks. Cue accusations of insider trading. Stay tuned. 

 

WORLD: Netflix is slowing things down. The other day, the European Union asked Netflix to pretty please switch its service from high definition to standard in an effort to cut back on its strain on the internet. In response, Netflix said ‘gotcha’ and agreed to reduce streaming bit rates across Europe for about a month. All of this comes as more and more people are spending time online amid the coronavirus outbreak. In other news, the Olympic Flame just landed in Japan ahead of the 2020 Tokyo Olympic Games, which are still set to begin on July 24. 


WHAT TO KNOW

Finland:” the world’s happiest country for the third year in a row. BRB, moving to Finland. 


SAY WHAT?

“This New Zealand river can sue you” - an actual headline. What’s its fishue?

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