Author Archives: Mike Valles

Aggressive Tactics May Be Needed to Stop Protests

The protests around the nation continue to be out of control. Several states have already activated the National Guard, including Washington D.C., where protestors became out of control near the White House. President Trump is now considering invoking the Insurrection Act, which would let him deploy active U.S. troops to quell the riots in which more than 4,000 people have ...

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Protests Are Impacting the Market

Protests across the nation over the death of George Floyd, the black man who was killed by a policeman, are grabbing the headlines. Many have been arrested during the protests over the weekend and they do not seem ready to abate. Police officers have been injured and the National Guard has been activated in 12 states. They have also been ...

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Chinese Airlines Banned from U.S.

U.S. airline companies have been prohibited from flying to China, except for about one flight per airline per week to a destination. The U.S. allowed more flights than this to continue after the shutdown, but now the U.S. will also limit them to one flight per week per destination. Many charter flights to the U.S. have been allowed in the ...

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Occidental Petroleum Corp Is Being Sued

When Occidental Petroleum Corp (OXY.N) acquired Anadarko Petroleum Corp. back in August 2019, some information about Occidental was not revealed – investors claim. The class-action lawsuit says that Occidental did not have enough funds available to be able to handle the recent drop in oil prices after the acquisition – which resulted in its market value dropping from around $44 ...

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China Ends Freedom in Hong Kong

China has announced that Hong Kong is now under a new resolution. It has been placed under its National Security plan, which is the same form of government used in mainland China. The resolution will eliminate dissent of any kind and all foreign influence. On the first day – Wednesday, the police arrested more than 300 protestors and many journalists. ...

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Some Economic Numbers are Showing Surprising Improvement

Investors and economists have been dealing with some of the worst economic reports in history over the last few months, but we are starting to see improvement in some of the numbers. Last Thursday the initial jobless claims came in at 2.44 million and that was down from 2.69 million. The previous week was originally reported at 2.98 million and ...

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Coronavirus Is Still Around

Even though most states are beginning to open up and let people enjoy greater freedom, there are many places in the United States where coronavirus is still spreading. As many as 24 states have areas in them where the statistics of new cases and deaths are rising. After Memorial Day weekend, it is likely that the number of new cases ...

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The Airlines Are Flying Again

After being almost completely shut down for more than a month, many daily flights are taking place with more than 70% capacity. There are now about 500 flights per day flying with this many people on board. This brings up the number of passengers to about 9% of what it was a year ago. Although the numbers are still low, ...

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A New Version of Coronavirus?

China has reported that there has been a new outbreak in some of its eastern provinces near Russia. The symptoms are a little different than seen earlier and seem to be focused on lung issues rather than issues that are multi-organ – as has been the case with the earlier coronavirus cases. In response, China has again placed the three ...

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Hope for the Economy

On Friday, the House passed what may be considered the next stimulus package. While earlier comments from the Senate reveal that it is unlikely to pass the Senate in its current condition, both sides agree that another package is needed soon. This stimulus package is designed to help almost everybody including individuals, essential workers, state and local governments, and much ...

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