Stock markets are headed for a 40 percent plunge, says economist who predicted financial crisis

Stock markets are headed for a 40 percent plunge, says economist who predicted financial crisis

The end of a very rough week for U.S. markets brought a worrying prediction. While one expert warned fallout from the global coronavirus outbreak could be “worse than the financial crisis” of 2008, the economist who correctly predicted that very crisis is now saying the idea of a major global recession “doesn’t sound too farfetched.” …

Shortage In Chinese Products Could Mean Empty Shelves In U.S.

Shortage In Chinese Products Could Mean Empty Shelves In U.S.

PITTSBURGH (KDKA) – The label “Made in China” is more common on store shelves than “Made in America.” Means  “Literally, empty shelves in Target and Walmart as early as April,” predicts David Iwinski, a local China business consultant who once ran a factory in China. Most retail stores are likely to have shortages because the …

Number of coronavirus cases from unknown source growing in U.S.

Number of coronavirus cases from unknown source growing in U.S.

Three new presumptive cases were reported Friday on the West Coast, with patients in Oregon, Washington and California, but it’s not clear how they were infected. Three new presumptive cases were reported Friday on the West Coast, with patients in Oregon, Washington and California, but it’s not clear how they were infected. Three new confirmed …

Yellen Says Coronavirus Could Throw U.S. Economy Into Recession

Yellen Says Coronavirus Could Throw U.S. Economy Into Recession

https://youtu.be/XPy5laBjFJk?t=67 (Bloomberg) — Former Federal Reserve Chair Janet Yellen said depending on how widely the coronavirus spreads, the economic impact could have a significant impact on Europe and veer the U.S. toward a recession. “We could see a significant impact on Europe, which has been weak to start with, and it’s just conceivable that it …

Coronavirus outbreak ‘getting bigger’, WHO says

Coronavirus outbreak ‘getting bigger’, WHO says

Germany enacts new health security measures against coronavirus infections GENEVA/BEIJING — The rapid rise in coronavirus raised fears of a pandemic on Friday, with six countries reporting their first cases, the World Health Organization warning it could spread worldwide and Switzerland canceling the giant Geneva car show. World share markets crashed again, winding up their …

There goes the Gucci goo bags…… I am devastated

There goes the Gucci goo bags…… I am devastated

The outbreak of coronavirus in Italy is getting worse, BBC correspondent Bethany Bell reports. The authorities say four children have been infected, the first such cases in this county. Twelve people have died – all of them either elderly or with underlying health problems. Several cases in other European countries have been reported among people …

Japan to close all schools to in a desperate attempt to halt Coronavirus spread

Japan to close all schools to in a desperate attempt to halt Coronavirus spread

The closure – thought to affect 13 million students – will continue until the school year ends in late March. World Health Organization head Dr Tedros Ghebreyesus said the global outbreak had now reached a “decisive point” and had “pandemic potential”. For the second day running, more cases have been reported outside than inside China. …

California Monitoring 8,400 For Coronavirus; Shortage Of Testing Kits Addressed

SACRAMENTO (CBS SF) — California Gov. Gavin Newsom said Thursday the state is monitoring about 8,400 people for the coronavirus, a day after a Solano County patient was identified as the first coronavirus case in the U.S. from unknown origin. At a news conference with state health officials to update the state’s preparation, Newsom said …

Number of coronavirus cases in Italy jumps to 650

Number of coronavirus cases in Italy jumps to 650

Authorities in Italy announced the deaths of five more coronavirus patients on Thursday bringing the number of people who have died from the illness to 17. Here’s the latest information on the situation in Italy. The country’s civil protection agency released a statement on Thursday evening saying the number of overall cases had risen to …

Coronavirus Screening ‘Missing More Than Half of Cases:’ Study

Coronavirus Screening ‘Missing More Than Half of Cases:’ Study

Global screening efforts to prevent the rapid spread of coronavirus are likely to fail, according to new research warning that even best-case screenings of air travelers will miss more than half of infected people. The novel coronavirus has infected more than 80,000 people worldwide since its emergence in central China last month. Traveler screening using …