The Fed is setting aside greenbacks from Asia for 7 to 10 days before processing them, citing corona

Source: CBSNews

The Federal Reserve is delaying processing dollars that have been repatriated from Asia. The Louvre Museum in Paris isn't accepting cash from visitors. And Iran has urged its citizens to stop using bank notes over fears the coronavirus can be transmitted to humans through contaminated objects like cash.


Public health experts believe the novel coronavirus, which causes the sometimes deadly COVID-19, is transmittable through "fomites" — surfaces, including oft-exchanged paper money, that have been handled by an infected person.

"The belief is that these viruses can stay on surfaces in their fully active states for at least 10 days. That includes cash and all kinds of other surfaces that people normally touch," Dr. Sanjay Maggirwar, chair of the George Washington University School of Medicine's department of microbiology, immunology and tropical medicine, told CBS MoneyWatch. "So certainly with the coronavirus, cash handling is a concern."

Read more: https://www.cbsnews.com/news/coronavirus-cash-handling-money-from-asia-aside/

Italy is getting hit hard by covid compared to other countries, I think its population age has a lot

to do with it. They have the second oldest population in the world, we are not far behind in that statistic. Japan has the oldest population so if it gets out of control there it could be even worse than Italy.

https://data.worldbank.org/indicator/SP.POP.65UP.TO.ZS

Stock futures, Asia markets crash as oil war and coronavirus combine for mayhem

Source: LA Times

American stock futures tumbled, with losses triggering exchange rules that limit declines at 5%, as plummeting oil prices added to the backdrop of dread surrounding the coronavirus.
Japanese stocks sank 6%. For the first time ever, the 10-year U.S. Treasury yield fell below 0.5% and the 30-year yield dropped under 1%.

Read more: https://www.latimes.com/business/story/2020-03-08/stock-futures-crash

W. Kamau Bell tweet "I don't really like the idea of endorsing anyone for political office"

Ok, tRump really went & did it this time, only in his pants

With 3 confirmed cases of coronavirus in Maryland it seems that DC will be impacted soon

as it spreads. I wonder what the implications might be when the Capital is shut down & will we even notice?

Gov. Larry Hogan said Maryland's Public Health Laboratory in Baltimore has confirmed the first three cases of novel coronavirus in the state.

The Rich Are Preparing for Coronavirus Differently, Concierge doctors, yachts, chartered planes

and germ-free hideaways. https://www.nytimes.com/2020/03/05/style/the-rich-are-preparing-for-coronavirus-differently.html

Republicans lean into Biden probe as he surges in Democratic primary

Source: Polititcal

Just hours after Joe Biden surged to the top of the Democratic presidential pack, Senate Republicans announced a new phase of their investigation targeting the former vice president and his son Hunter.
Senate Homeland Security Committee Chairman Ron Johnson (R-Wis.) told reporters on Wednesday that he is likely to release an interim report within one to two months on his panel’s probe of Hunter Biden’s ties to a Ukrainian gas company, Burisma.
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“These are questions that Joe Biden has not adequately answered,” Johnson said. “And if I were a Democrat primary voter, I’d want these questions satisfactorily answered before I cast my final vote.”

Johnson insisted that the timing of his probe has nothing to do with the election calendar. But the renewed focus on Biden, coinciding with his surge to frontrunner status, has alarmed House Democrats as they brace for an all-out GOP assault on Biden and his son over an issue that was litigated at length during President Donald Trump's impeachment trial.

Read more: https://www.politico.com/news/2020/03/04/joe-biden-probe-2020-election-120924