Lufthansa, easyjet, airlines sell off as EU steps up travel restrictions

A KLM flight attendant walks in the Schiphol Airport, the Netherlands. EVERT ELZINGA | AFP | Getty Images LONDON — Airline shares dropped on Friday after European governments announced further travel restrictions to fight growing Covid infection rates and highly-infectious variants. European leaders agreed on Thursday to keep their borders open but to discourage any non-essential travel. This means citizens looking to move from areas where the virus is circulating at a very high level will be asked to have a negative test and undergo quarantine upon arrival at another…

Read More

No, The Chinese Won’t Invade America If Secessionists Succeed

When political secession starts to become more of a realistic policy goal—and less of a theoretical ideal for the future—that is precisely when we can expect opposition to become the most dismayed and panicky. For now, critics are careful to make it appear that they regard the idea with mere dismissive contempt. The angry threats and predictions of doom from critics of secession will come later. In that case, opponents will present many different reasons why secession must never be contemplated. Advocates of separation will be called traitors and unpatriotic.…

Read More

Earnings slide may have leaked early

Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images On Thursday, financial wires published details of Intel’s fourth-quarter earnings results minutes ahead of the markets closing at 4 p.m., when they are usually released. The results showed Intel beating expectations for both revenue and earnings per share. The stock shot up 3% in the 15 minutes before the markets closed. Intel subsequently gave up most…

Read More

Yet Another Study Shows—Yet Again—That Lockdowns Don’t Work

Although advocates for covid-19 lockdowns continue to insist that they save lives, actual experience keeps suggesting otherwise. On a national level, just eyeballing the data makes this clear. Countries that have implemented harsh lockdowns shouldn’t expect to have comparatively lower numbers of covid-19 deaths per million. In Italy and the United Kingdom, for example, where lockdowns have been repeatedly imposed, death totals per million remain among the worst in the world. Meanwhile, in the United States, states with with the most harsh lockdown rules—such as New York, New Jersey, and…

Read More

IBM earnings Q4 2020

SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference in New York on June 16, 2016. Brian Ach | Getty Images IBM shares moved 4% lower in extended trading on Wednesday after the company reported fourth-quarter revenue that fell short of analysts’ expectations. Here’s how IBM performed: Earnings: $2.07 per share, adjusted, vs. $1.79 per share as expected by analysts, according to Refinitiv. Revenue: $20.37 billion, vs. $20.67 billion as expected by analysts, according to Refinitiv. Revenue fell 6% on an annualized…

Read More

Intel (INTC) earnings Q4 2020

Bob Swan, then-interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on November 15, 2018. Samyukta Lakshmi | Bloomberg | Getty Images Intel stock rose more than 6% on Thursday as the chipmaker reported earnings and revenue that exceeded investor expectations and its own forecast on Thursday. Details of Intel’s earnings became available on financial wires minutes before the markets closed on Thursday. The strong earnings report covering the quarter ending in last December…

Read More

Snowden and Assange: There Is Still Time for Trump to Do the Right Thing

Will Trump pardon these two genuine heroes? He might yet surprise me, but I doubt it because we can see from the people he has already pardoned that his values are warped and perverted. Original Article: “Snowden and Assange: There Is Still Time for Trump to Do the Right Thing” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

Read More

Why the Covid Shutdowns of Public Schools Are Driving So Many to Homeschooling

Students have been denied in-person schooling. At the same time, millions of women—many of whom have children—have been thrown out of work. Suddenly, homeschooling became a much more viable and necessary option. Original Article: “Why the Covid Shutdowns of Public Schools Are Driving So Many to Homeschooling” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

Read More

The Myths Behind the "Capitalism Is Racist" Claim

Though numerous studies prove the contrary, it is still widely assumed that capitalism perpetuates racism. Celebrities and academics incessantly broadcast the message that capitalism engenders racism. For example, recently on Twitter, superstar athlete Andre Iguodala informed his followers that capitalism cannot be divorced from racism: “Capitalism and racism go hand in hand. And you can’t have one without the other.” Equally scathing is the blistering declaration of sociologist Edna Bonacich in an academic review: “Capitalism and racism are closely connected….The huge wealth of America’s white-owned corporations rests on the backs…

Read More

United Airlines CEO says too early to predict when the carrier will break even

United Airlines CEO Scott Kirby joins fellow airline executives, union heads and politicians for a news conference to call on Congress to pass an extension of the Payroll Support Program to save thousands of travel jobs, outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images United Airlines CEO Scott Kirby on Thursday said many more people need to receive coronavirus vaccines before travel demand returns, highlighting difficult months ahead for the industry. United’s shares were down more than 2% in premarket trading after the…

Read More