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from ABC News (& affiliates)
TV Network in New York, New YorkPier 1 to go out of business and close all 540 stores
Pier 1, the seller of wicker chairs and scented candles, said it will go out of business and permanently close all 540 of its stores. The Fort Worth, Texas- based company said Tuesday that it was unable to find a buyer for its business after filing for bankruptcy protection earlier this year.
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from BBC News (UK)
Shakespeare's Globe theatre calls for urgent funds to avoid insolvency
Shakespeare's Globe Theatre has called for urgent funding to avoid going out of business due to the "devastating" impact of the coronavirus pandemic. The London venue has been shut since 20 March and has warned MPs it is "critically vulnerable and at risk of closure in the wake of Covid-19". It said it would need at least £5m to get back up and running. .... The theatre has now warned it faces the "biggest threat to its future since opening in 1997". Shakespeare's Globe, a replica of an Elizabethan playhouse, has played host to actors including Sir Ian McKellen, Christopher Plummer, Dame Judi Dench, Jude Law, Ralph Fiennes and David Tennant.
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from Forbes
The Pantsir-S1, known to NATO as the SA-22 Greyhound, combines both guns and missiles. It is reputed to be able to intercept cruise missiles and has been extensively used by Assad’s forces in Syria. Despite its potency, or possibly because of it, it has been a target of choice for both Turkish and Israeli air strikes in Syria. What is less well known is that it has been present in the Libyan Civil War as well.
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from The Guardian (UK)
LEFT-CENTER, HIGH, British daily newspaper published in London UK
Cambridge University moves all lectures online until summer 2021
Cambridge has become the first university to set out measures for the full 2020-21 academic year, announcing that it will move all “face-to-face lectures” online for the duration. The institution added that it was “likely” social distancing would continue to be required. The university said lectures would continue virtually until summer 2021, while it may be possible for smaller teaching groups to take place in person if it “conforms to social-distancing requirements”.
Cambridge University moves all lectures online until summer 2021
Cambridge has become the first university to set out measures for the full 2020-21 academic year, announcing that it will move all “face-to-face lectures” online for the duration. The institution added that it was “likely” social distancing would continue to be required. The university said lectures would continue virtually until summer 2021, while it may be possible for smaller teaching groups to take place in person if it “conforms to social-distancing requirements”.
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from The Heritage Foundation
RIGHT BIAS, MIXED American conservative think tank based in Washington, D.C.
RIGHT BIAS, MIXED American conservative think tank based in Washington, D.C.
Denmark Is Not a Socialist Economic Nirvana
A recent New York Times op-ed observed that “Danes haven’t built a ‘socialist’ country. Just one that works.” A more precise observation would have been that Denmark has built a free-market democracy that works for Danes. Given the fact that America is a much larger and far more diverse and multifaceted nation than Denmark, comparing the two countries’ economic systems is not always straightforward. For example, the competitive Nordic nation is an economy of 5.6 million people living in an area half the size of South Carolina. The Danish case reflects a resilient commitment to economic freedom that is based on a high degree of mutual trust between individuals and government. We should focus on how to emulate its free-market policies that have advanced economic freedom, not big-government socialism.
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from Mises Institute
RIGHT-CENTER BIAS, MIXED
Krugman: We Need More Unemployment—to Save Us from Unemployment
It has been a long time since I read anything by Paul Krugman, and seeing his most recent column simply reminds me why I’ve not missed anything. As both an extreme Keynesian and political partisan, he long ago abandoned economic analysis for something economists should recognize as nothing less than what Mises called metaphysics.
How Modern Economics Has Lost Its Way: It's All About the "Unseen"
Economics has lost its way and the study has become both impotent and lacking in relevance. It's easy to see how and why once we recognize that proper economic thinking takes place two steps beyond the apparent. Noneconomists typically take none of these steps, while modern economics has lost the ability to go beyond the first. The difference between modern economics and proper economic thinking lies in taking the step that comes after arriving at the "unseen," to the "unrealized."
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from The Spokesman-Review
Newspaper in Spokane, Washington
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Citing financial cost of pandemic, House liberals demand cut in military spending
Twenty-nine of the House’s most liberal Democratic members called Tuesday for a cut in military spending in the yearly national defense authorization bill — a declaration, they said, that is meant to focus federal resources on the coronavirus pandemic. The demand, however, stands to greatly complicate the Democratic-controlled House’s ability to advance the National Defense Authorization Act, one of the most consequential must-pass measures that Congress assembles each year. It is likely to generate objections from Republicans and more moderate Democrats alike — and create headaches for Speaker Nancy Pelosi (D-Calif.) and her leadership team.
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from The Washington Post
Newspaper in Washington, D.C.
Citing financial cost of pandemic, House liberals demand cut in military spending
Twenty-nine of the House’s most liberal Democratic members called Tuesday for a cut in military spending in the yearly national defense authorization bill — a declaration, they said, that is meant to focus federal resources on the coronavirus pandemic. The demand, however, stands to greatly complicate the Democratic-controlled House’s ability to advance the National Defense Authorization Act, one of the most consequential must-pass measures that Congress assembles each year. It is likely to generate objections from Republicans and more moderate Democrats alike — and create headaches for Speaker Nancy Pelosi (D-Calif.) and her leadership team.
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from Yahoo News
LEFT-CENTER BIAS, HIGH, news website owned by Verizon Media
Trump wants to 'terminate' all trade deals that bring foreign cattle to US
Donald Trump on Tuesday called on federal officials to cancel all trade deal with other countries that include cattle imports. "We have a lot of cattle in this country," he said of the United States. "I think you should look at the possibility of terminating those deals." Mr Trump appeared to be directing his order to Agriculture Secretary Sonny Perdue during an event on directing funds allocated by Congress in coronavirus relief legislation to American farmers and its agriculture sector, which have been hit hard by the Covid-19 pandemic.
Trump wants to 'terminate' all trade deals that bring foreign cattle to US
Donald Trump on Tuesday called on federal officials to cancel all trade deal with other countries that include cattle imports. "We have a lot of cattle in this country," he said of the United States. "I think you should look at the possibility of terminating those deals." Mr Trump appeared to be directing his order to Agriculture Secretary Sonny Perdue during an event on directing funds allocated by Congress in coronavirus relief legislation to American farmers and its agriculture sector, which have been hit hard by the Covid-19 pandemic.
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