Drive-In Movie Theaters Are Suddenly Back in Demand

By Associated Press- Re-Blogged From Headline Wealth

The drive-in theater, long a dwindling nostalgia act in a multiplex world, is experiencing a momentary return to prominence.

With nearly all of the nation’s movie theaters shuttered due to the coronavirus pandemic, some drive-in owners think they’re in a unique position to give moviegoers a chance to do something out of the house while keeping distance from others. This weekend, some drive-ins aren’t the only show in town. They’re the only show in the country.

The Showboat Drive-In Theater in Hockley, Texas, about a 30-minute drive outside Houston, normally sees ticket sales go down about 40% on a weekend when they don’t have any new movies. Last weekend, they saw a 40% increase, says the theater’s owner, Andrew Thomas. Usually open weekends, Thomas has kept screenings going through the week.

Continue reading

Social Changes With COVID-19 are a Prelude to Life With Less Fossil Fuels

By Ronald Stein – Re-Blogged From WUWT

While the world is feverously trying to reduce emissions from fossil fuel usage, we get hit with the horrific contagious Coronavirus COVID-19. We’ve seen extensive self-imposed social adjustments to transportation that are very similar to what will be required to live with less fossil fuels in the future.

We’ve seen a serious reduction in the usage of the transportation infrastructures of airlines and cruise ships, as well as automobiles and trucks, and their impact on the leisure and entertainment industries, all to avoid crowds.

Before fossil fuels and the thousands of products made from petroleum derivatives, and electricity that followed, the world was a zero-sum snake pit that was a war against one another scrounging for food, water, and shelter. In the 1800’s most people never traveled 100-200 miles from where they were born. Life expectancy throughout Europe hovered between 20 and 30 years of age.

Continue reading

How to Prepare Your Home and Family for a Spreading Outbreak

By Associated Press – Re-Blogged From Headline Wealth

As the new coronavirus keeps turning up in more places, health experts say it’s wise to prepare for wider spread. But people shouldn’t panic or hoard large amounts of supplies, they stress.

So what should you do?

Some common-sense steps that are useful for any emergency, such as severe weather, can help get you and your family ready in case you need to hunker down.

More than a dozen states have COVID-19 cases. An outbreak “could last for a long time in your community,” the U.S. Centers for Disease Control and Prevention warns in its preparation advice.

Continue reading

Pandemic Pandemania Causes Global Economic Crisis

By David Haggith – Re-Blogged From Gold Eagle

Back in the oil-embargo recession of the early 70s when Boeing was Seattle’s economy and was laying off thousands of Seattleites, a billboard on the edge of town by Sea-Tac Airport read, “Will the last person leaving Seattle turn the lights out?” (Boeing had gone from 100,800 employees in 1967 to 38,690 in 1971.)

Since Seattle is the first area where the coronavirus made landfall in the US, I’ll present Seattle’s viral transformation in the last forty-eight hours (about two weeks since the first cases were reported) as an anecdote for the extremely rapid changes already sweeping many cities in the US as outbreaks begin to show elsewhere.

Baltic Dry, Copper, Oil, Tech And China Continue To Call For Market Crash Soon…

By Clive Maund – Re-Blogged From Gold Eagle

In this update we are going to review a small but important range of commodities / lead indicators which strongly suggest that the seemingly endless bullmarket in US equities is living on borrowed time and will end sooner rather than later, and given how long it has lasted and how extremely overvalued it has become, the downturn will likely start with a crash phase.

Regardless of what the eventual impact of the Coronavirus epidemic is, US stockmarkets in particular seem to be in a state of denial about the actual real-world consequences of the Chinese shutdown and impact on the global supply chain and corporate profitability everywhere, and some elements even seem to be gloating about China’s misfortune and predicament, completely oblivious to the fact that this is going to have a negative impact on almost everyone.

Continue reading

COVID-19 (Coronavirus) Economic Impact Sweeps Down on Global Economy Like a Fat Black Swan

It is the senseless things of this world that sometimes knock sense into the high and mighty whose hubris causes them to believe they cannot fall. In this case, the tiny COVID-19 virus (coronavirus) is bringing down a global house of cards long perched to fall — locks, stocks, and barrels of oil.

Stock investors thought the over-Fed market’s bull run would prove immortal, but all the overripe market needed was for a fat, black swan to drop down on the market’s head and knock some sense into it. Economic damage worldwide, however, is far from limited to stocks. Some of it seems almost silly or bizarre, but such is the case when the entire global economy is already in ill health, having survived on Fedmed for a decade.