E Sometimes Bad News Is Good

The man who snatched my wallet has been identified by the cops as a serial grand larceny criminal from photographs of his attempts to buy solid gold sneakers with my credit cards. He was out on bail from a prior conviction, That case was delayed for fear of coronavirus. It seems that our courts are very worried about infecting criminals. I am still collecting replacement cards and ID, now the main mess I have to deal with. If required I will testify against the perp because while I don't know what he looks like I got two misleading telephone calls from him saying that my wallet had been found at my local supermarket when nothing had happened. So I know his voice. The very pregnant manager there is thoroughly fed up with me because I twice went to there hoping he had simply left the wallet in a shopping cart, but he didn't. The main reason he called my office rather than my home is that when he picked my pocket, I was with a man, my husband, and didn't want to deal with him.

Sometimes bad news is good. The horrible unemployment data today increases the odds that a renewed stimulus bill will be crafted before Biden takes the helm. The European Union is also expected to buy more bonds to fund economic recovery. And because the dollar is lower, with one important exception, China, most ADRs gained.

This is the end of the free blog that is coming next week.

image source: unsplash

China drop

There is no doubt that Communist China controls Tencent messages. Yesterday its WeChat blocked a statement from Australian P. M. Scott Morrison aimed at reassuring the local Oz Chinese community after the site published fake photos of alleged war crimes in Afghanistan. This is par for the course. WeChat blocked the World Health Organisation during the early days of the covid-19 outbreak to force the UN agency to reduce its blaming China as the source of the virus. Censorship of a post aimed at 1.2 million Chinese-speaking Australians is the latest move in the Beijing power grab. Another is the jailing of Hong Kong press baron Jimmy Lai for supporting the freedom demonstrators. Another is the way the Ant initial public offering was blocked. China is not open for business under Xi Jingping and the Communists running the country.

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