“Take Back Our Cities!”
As promised, we’re sharing a missive from the Golden State today…
“In Fremont, CA there is low-level crime, like store theft; we had some arson and stolen cars.
“Cops ended up chasing a stolen car, caught the guy and had to let him go with a notice to appear due to the latest laws in California. Mind you, the guy was just released from jail (due to Covid-19 reasons) less than two hours before he stole the car. Two days later he repeated the same stunt and, again, was given a notice to appear.
“And Gov. Newsom is now releasing 8,000 inmates. Are we nuts? When will this nonsense end?”
This from a reader who’s willing to enter the fray: “I am thankful my city has a mayor who will not put up with nonsense. I am running for city council to back her up.”
Last, a reader says: “It is time to stop letting people disrespect the police and anybody whose viewpoint differs from theirs. Take back our cities!”
Indeed, if you watch the mainstream media, it seems big-city America is going up in flames… How would you propose to take back our cities?
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Wednesday, Jul. 22, 2020
The End is Nigh…
The end is nigh… for $600 weekly federal unemployment checks.
Will Congress come to an agreement — before Jul. 31 — about what happens next?
First, Republican Sen. Mitch McConnell says: “We want another round of direct payments to help American families keep driving our national comeback.
“Helping to create more American jobs is an urgent moral priority — and these are just some of the policies we are discussing that will help that happen.”
Reportedly, the key difference between the first round of stimulus checks approved in March and McConnell’s proposal is the annual income eligibility, adjusted down from $99,000 per taxpayer to $40,000.
About those weekly $600 payments? Top Democrats want to continue cutting checks, but Republicans have mentioned “specific incentives to hire and retain workers.”
We give economics Professor Allan Timmermann of the University of California, San Diego the last word: “Continued unemployment support has the twin benefits of alleviating poverty for jobless workers and sustaining consumer demand in the economy.
“[It] is viewed as a highly effective tool to prevent the economy from stalling.”
In your opinion, what’s the best stimulus plan going forward? Let us know. Time’s a wastin’… July 31 will be here sooner than you think.
Market Rundown for Wednesday, Jul. 22, 2020
S&P 500 futures are down 4 points to 3,248.
Oil’s down 1.2% to $41.41 for a barrel of West Texas crude.
Gold is up $7.10 to $1,851 per ounce.
Bitcoin is down $48.29 to $9,338.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We’ll be back Friday. Take care.
For the Rundown,