The record-setting advance in
U.S. stocks, seen by some as disconnected from economic reality, is
fueling readings of investor bliss. Citigroup’s panic/euphoria model, which tracks metrics from options trading to short sales and newsletter bullishness, is having its longest run of extreme optimism since the dot-com era.
America’s real-estate meccas aren’t what they used to be. The pandemic has people flocking to Vermont, Idaho, Oregon and South Carolina. Meanwhile, folks have been
leaving New York and New Jersey, both of which suffered grievous loss of life earlier this year. Those residents moved to Florida, Texas and other Sunbelt states between March and July, states which have since become the focus of the outbreak in America. U.S. coronavirus cases just topped 6 million. And while America continues to lead the world when it comes to infections and deaths, India is fast
becoming the new global epicenter. Here is the
latest on the pandemic.
The world is hurtling toward an unprecedented hunger crisis. As many as 132 million more people than previously projected could go hungry in 2020. The
pandemic is upending food supply chains, crippling economies and eroding consumer purchasing power. Some projections show that by the end of the year, Covid-19 will cause more people to die each day from hunger than from virus infections.
Postmaster General Louis DeJoy promised to submit information to Congress about his cuts to U.S. Postal Service capacity in the run up to the Nov. 3 election, which will likely witness millions of mail-in ballots. But DeJoy, a Trump megadonor and the subject of multiple investigations and lawsuits for allegedly seeking to suppress voting,
has not complied and may face a subpoena.