Oil Analysis: Low Expectations For Agreement At OPEC-Plus Virtual Gathering
WASHINGTON (MaceNews) – Members of the Organization for Oil Exporting Countries, along with Russia, Mexico and possibly Canada as well as Norway, are set to meet virtually Thursday to hash out an agreement to halt the months-long plunge in oil prices. However, expectations are low that a deal will be reached to ease a situation […]
WHITE HOUSE WATCH COMMENTARY: THE ECONOMY STRAINS AS THE VIRUS KILLS
By Denny Gulino WASHINGTON (MaceNews) – It’s almost too painful to concentrate on the numbers in this week that is so full of death in the United States. Better to look to a better future and an economy that might begin staggering back at some point. The day saw more than an additional 1,800 dead, […]
DATA FLASH: US FEBRUARY JOLTS DATA POINT TO SLOWDOWN BEFORE MARCH DROP
-Openings, Hiring Slow Even Before COVID; Layoffs to Surge in March By Kevin Kastner WASHINGTON (MaceNews) – The US Bureau of Labor Statistics’ monthly JOLTS report, released Tuesday morning, showed that job openings and hiring conditions slowed in February and layoffs rose, even before the full COVID impact. Job openings fell to 6.882 million in […]
WHITE HOUSE WATCH COMMENTARY: PRESIDENTIAL ENEMIES: MEDIA AND GOVS WHO COMPLAIN
By Denny Gulino WASHINGTON (MaceNews) – By the 10th mention the musical cadence of “hydroxychloroquine” had mostly grown old and President Trump was not going to subject his long-suffering audience of reporters to even one more mention, so Sunday night he spared them by cutting off the esteemed NIH specialist Tony Fauci before he could […]
WHITE HOUSE WATCH: AMID THE CONFUSION VIRUS KEEPS SPREADING
By Denny Gulino WASHINGTON (MaceNews) – The two most important realities Friday remained the incrementally greater death tolls every day and the fundamental wisdom of distancing while other less important considerations included a new somewhat half-hearted recommendation for everyone to wear masks. There was also new confusion about a number of topics and the beginning […]
Updating CBO’s Economic Forecast to Account for the Pandemic
WASHINGTON (MaceNews) – The following is the non-partisan Congressional Budget Office update text of pandemic-related economic assumptions posted Friday morning by CBO Director Philip Swagel: CBO expects that the economy will contract sharply during the second quarter of 2020 as a result of the continued disruption of commerce stemming from the spread of the novel […]
WHITE HOUSE WATCH COMMENTARY: SOME PEOPLE STILL DON’T BELIEVE THE VIRUS IS COMING
By Denny Gulino WASHINGTON (MaceNews) – The corona virus has an advantage evident in the Thursday evening Corona Virus Task Force briefing and during the day in several statehouses: It can spread faster than its reputation for being a sneaky killer of the unaware. President Trump tried to correct Task Force expert Deborah Birx, placing […]
DATA FLASH: US INITIAL CLAIMS SPIKE, BACKLOGS TO MAINTAIN FLOW FOR SEVERAL WEEKS
–Initial Claims Double from Previous Week to Record 6.648 Mln By Kevin Kastner WASHINGTON (MaceNews) – Continuing layoffs and administrative backlogs will lift initial claims to new record highs for the next several weeks before the flow of new filings finally slow. This week, the level of new claims was double last week’s, adding to […]
WHITE HOUSE WATCH: PRES TRUMP SEES ‘HORRIBLE’ NEXT FEW WEEKS
–Three Weeks ‘Like We Haven’t Seen Before’ By Denny Gulino WASHINGTON (MaceNews) – President Donald Trump Tuesday night warned the nation that the virus has become a “dark, epic and incredibly horrible” challenge that threatens to kill Americans by the hundreds of thousands. Trump, saying he wants to be a “cheerleader for our country” nevertheless […]
WHITE HOUSE WATCH: LONG SPRING JOURNEY UNDER WAY; VIRUS STAYS IN THE LEAD
–All of the States Have ‘Exactly the Same Curves’ –US Virus Cases 161,454; Fatalities 2,989 By Denny Gulino WASHINGTON (MaceNews) – Test results are coming in faster and in greater numbers Monday from areas like New York where the ravaging corona virus is already killing people and at the front lines elsewhere the governors, the […]