Note: This thread is related to #Coronavirus #COVID19

Follow the World Health Organization's instructions to reduce your risk of infection:

1/ Frequently clean hands by using alcohol-based hand rub or soap and water.

2/ When coughing and sneezing cover mouth and nose with flexed elbow or tissue - throw issue away immediately and wash hands.

3/ Avoid close contact with anyone that has fever and cough.

Khanoisseur 🐶🤦🏻‍♂️🌎+ Your Authors @Khanoisseur Nonpartisan fact-checks + “frustratingly accurate” analysis of news (+🐶 pics). *Turn notifications on* Stuff @Google @Twitter @Facebook @Tesla @Audi Jul. 06, 2020 1 min read + Your Authors

Nearly 70% of Americans don’t have access to 401K — many who have a 401K don’t have enough in it for retirement because of taking money out for healthcare or urgent expenses.

401K is no substitute for stress-free, affordable healthcare, education, and proper social safety nets.

US with a “soaring” stock market: 12% unemployment, 140,000 Covid-19 deaths; millions uninsured and going broke over medical bills; ongoing racial/societal chaos; massive economic insecurity

Japan, whose stock market is at 1990s levels: 2.6% unemployment; 900 Covid-19 deaths;

And you can’t cash out your 401K without incurring massive penalties, so the little players are forced to keep their money tied up in 401Ks even when they get wiped out in the inevitable crash. We’ve seen this movie before.

As for the NASDAQ soaring, that’s due to tech companies, mostly based in immigrant-friendly, liberal “sanctuary cities” in California, Washington, New York, DC etc. Even “red” states like Florida, Texas, Georgia, rely on California’s tech giants to generate revenue in-state.

With Covid-19 infections continuing to soar on Trump’s watch, while he attacks liberals in key states that produce technology advantage for US, investors will move money out of US to fund startups in Canada, Australia, New Zealand, Germany, China, Japan, South Korea, UAE, etc.

Some people are draining what little they have in savings or retirement funds to avoid eviction, setting in motion societal changes (families breaking up, suicides, substance abuse etc) that can destabilize US for years to come — so much for the “booming” stock market.


You can follow @Khanoisseur.



Bookmark

____
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.

Enjoy Threader? Sign up.

Since you’re here...

... we’re asking visitors like you to make a contribution to support this independent project. In these uncertain times, access to information is vital. Threader gets 1,000,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Your financial support will help two developers to keep working on this app. Everyone’s contribution, big or small, is so valuable. Support Threader by becoming premium or by donating on PayPal. Thank you.


Follow Threader