Ha ha! Good one Joe! I saw this one earlier and it’s a microcosm of the anger being felt.
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They aren’t.
People, such as myself, are keeping folks on payroll and I’ve not seen a dime.
Yet, Harvard gets how many millions? Who is in charge of where these funds go?
Has anyone yet asked if you lay off all of your employees will you be able to get unemployment insurance? If your rate is sky high chances are you won’t.
I heard Harvard is not taking the stimulus money due to the backlash of criticism it’s received recently.
They have something like a $40 billion dollar endowment but bet your ass if no one found out that they were getting our money, they would have taken it.
Oh I agree, but not only that they are currently under investigation along with several other universities for taking Chines bribe money and not reporting it.
MIT is not either.
But the prospect of colleges with massive endowments — Harvard’s is more than $40 billion — lining up for the money brought blowback from the administration, which also has been tussling with colleges in recent days over the slow rollout of emergency funds.
Stanford’s endowment is $27.7 billion, while Princeton’s is $26 billion, Yale’s is $30.3 billion, MIT’s is $17.5 billion, Notre Dame’s is $11.2 billion and Rice’s is $6.4 billion, according to fiscal 2019 figures from the National Association of College and University Business Officers and TIAA.
I do give credit to MIT for ending several cooperation projects that involved Chinese nationals posing as national security risks. They are the tip of the spear when it comes to defense innovations and the CHICOM,s TOP priority of infiltration and subversion.
There are so many individuals who are making sooooo much money out of this, ie BBC-invited talking heads, fake and failed government-hired epidemiologists, focus groups and modellers of all descriptions, politicians (obs!), police, and all kinds of adult bossy-boots telling us how we must form orderly queues, and feeling powerful as their tiny minds decide how many can enter a store and who will have to wait longer, that this thing is going to go for at least another 6 months, and they’ll all be making hay while the sun shines until the gravy train hits the buffers. ('Scuse the mixed metaphor. lol)
I may be mistaken, but I believe the loans (grants) to Harvard, Princeton and some other undeserving Ivy League schools that are flush with their own endowments was generated automatically by our dumbass government according to some algorithm built into the bill. I don’t think Harvard asked for the favor.
I hope he didn’t get a heart attack after that? 
He’s spot-on though, and the point is (at the risk of repeating myself) there’s no fucking need for any of it - IT’S INFLUENZA FOR FUCK SAKE, NOT EBOLA OR DENGHI. Jesus christ I’ve never known shit like this!
Dow futures fall more than 200 points amid concerns over reopening the economy
Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S.
Dow Jones Industrial Average futures were down by 245 points, or 1%. S&P 500 and Nasdaq 100 futures also traded about 1% lower.
States across the U.S. are letting nonessential businesses reopen and are easing stay-at-home orders in an effort to restart the economy after the coronavirus forced a near global halt in economic activity. However, this easing comes as data from the World Health Organization showed the U.S. had its deadliest 24 hours between Thursday and Friday.
“The next 2-4 weeks are critical for both the economic crisis and the health crisis,” said Marc Chaikin, CEO of Chaikin Analytics. “The biggest risk to the stock market is a premature reopening of the U.S. economy. If rising COVID-19 curves reemerge and economies are shut down again the damage to the stock market’s psyche will be dramatic.”
Warren Buffett said his business conglomerate, Berkshire Hathaway, sold all of its airline holdings because of the coronavirus. While the legendary investor was optimistic long term on the America at the Berkshire annual meeting, the move shows his concern that the pandemic has changed certain industries permanently and could be a sign that other investors are too optimistic about the economy returning to normal quickly.
Stocks notched their best monthly performance in over 30 years in April in part because of hopes of an economic reopening. Last month, the S&P 500 rallied 12.7%.
Increasing hopes of a possible treatment from Gilead Sciences also lifted sentiment last month. On Sunday, CEO Daniel O’Day remdesivir — Gilead’s antiviral drug — will be available to coronavirus patients this week.
More than 3.4 million cases have been confirmed globally, including over 1.1. million in the U.S. alone, according to data from Johns Hopkins University.
But investors are also grappling with worries over another spat between China and the U.S. On Sunday, Secretary of State Mike Pompeo said there was a “significant amount of evidence” connecting the coronavirus to a lab in the Wuhan region of China.
Those comments came after National Economic Council Director Larry Kudlow said Friday that China will be “held accountable” for the coronavirus. Earlier in the week, President Donald Trump said he was considering imposing tariffs on China for its handling of the outbreak.
Buffett sells airline stakes
“The world has changed for the airlines. And I don’t know how it’s changed and I hope it corrects itself in a reasonably prompt way,” Buffett said Saturday from Berkshire’s first-ever virtual shareholder’s meeting.
Berkshire had more than $4 billion invested across United, American, Southwest and Delta Airlines before the sale. Buffett noted his admiration for the industry but added there are events “on the lower levels of probabilities” that call for a change of plans.
American and United have both fallen more than 60% year to date. Delta is down 57% for 2020 while Southwest has lost nearly half of its value.
Berkshire also reported a record $137 billion in cash after the first quarter, but Buffett said he doesn’t “see anything that attractive” to deploy that money.
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The chinese only manfuacture the goods, the American companies have all the information (design documents, intellectual property rights) we need to just up and move production elsewhere. Still won’t be getting anything for the rest of the year, but its not the end of the world as we know it. If anything, China is the one who gets the brown end of the shit stick since for all the stuff they pulled up until now, jerking foreign investors around with all their bullshit, any company that pulls out of China for greener pastures won’t be coming back without some serious concessions. My opinion is that Vietnam will be getting a lot of fiscal attention since they’ve been trying to break free from China’s influence for a long time now and they are likewise another commie shithole with cheap labor for discerning capitalists with more money than patriotism.