The stage has been set for a historic national meltdown…
Everything that has happened in 2020 so far has set us up for a grand finale that none of us will ever forget. This year we have already witnessed the worst public health crisis in about a hundred years, widespread lockdowns all over the nation, a crippling economic collapse and civil unrest in major cities across America. To say that the American people are in a bad mood would be a major understatement. Now we are less than a month away from a bitterly contested presidential election, and as you will see below, one survey recently found that a majority of Americans are expecting violence. That is extremely unfortunate, but these are the times in which we live. Our country is literally falling apart all around us, and nobody seems to have a way to stop it from happening.
And the worse economic conditions become, the worse the mood of the nation is going to get. On Thursday, we learned that another 840,000 Americans filed new claims for unemployment benefits last week…
The latest jobless claims figures from the Labor Department, which cover the week ending Oct. 2, show that 840,000 workers sought aid last week, about four-times the pre-crisis level. More than 63 million Americans have sought jobless aid since the coronavirus lockdowns began in mid-March.
If someone had told me late last year that 63 million Americans would file new claims for unemployment benefits this year, I would have thought that person was crazy.
Prior to 2020, the worst number for a single week in all of U.S. history was 695,000, and now we have been way above that figure every single week of this pandemic.
Of course the layoffs just keep rolling along. Right now, it is being reported that WarnerMedia expects to lay off thousands of workers in the coming weeks…
AT&T’s WarnerMedia is preparing a restructuring that seeks to reduce costs by as much as 20% as the COVID-19 panic drains income from movie tickets, cable subscriptions and TV ads, reports The Wall Street Journal.
The layoffs are expected to begin in the coming weeks and would result in thousands of layoffs across Warner Bros. studios and TV channels like HBO, TBS and TNT, the paper said.