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Old 10-21-20, 06:02 AM   #5161
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South Yorkshire will move into tier three of England's coronavirus restrictions
Sheffield, Rotherham, Doncaster and Barnsley will come under the strictest level of rules from 00:01 on Saturday.

UK Prime Minister Boris Johnson is due to take MPs questions in the Commons at 12:00 BST

UK Health Secretary Matt Hancock says the offer of £60m to support Greater Manchester when it goes into the highest level of coronavirus restrictions is "still on the table"

Local leaders in the region say the government is not offering them enough cash to support low-paid workers in businesses which will have to shut due to the tier three lockdown.

Greater Manchester Mayor Andy Burnham and other local leaders want £65m to help the region, but the government is offering £60m

UK government borrowing hit £36.1bn in September as it continued spending to support the economy during the pandemic.

A scientific study suggests factors including age, weight and gender can increase the risk of "long Covid"

Brazil plans to use a Chinese-made coronavirus vaccine as part of a national immunisation programme, officials say.
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Old 10-21-20, 06:08 AM   #5162
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Away from the changes happening in England, a record 11,894 daily infections have been recorded in the Czech Republic as the government in Prague holds an emergency meeting to consider further restrictions on public life. Schools have been closed, masks are required in built-up areas and pubs and restaurants are limited to takeaways. BBC Prague correspondent Rob Cameron says there’s not much left to tighten, short of a full lockdown.

Fines of up to €1,000 (£910) are being proposed in Ireland for people who hold parties that breach the partial lockdown coming into force at midnight tonight, RTÉ reports. Although schools will stay open, the level five restrictions are the most stringent the government has. These are the details.

Italy’s southern Campania region around Naples is planning to start overnight curfews from Friday night, 24 hours after the northern region of Lombardy. Health Minister Roberto Speranza says "we're working day and night to avoid a lockdown" and he's called on Italians not to make unnecessary journeys.

Ukraine has declared a record 141 deaths in the past 24 hours - and 6,791 new infections.

Dutch princesses Amalia and Alexia returned from Greece last night, days after the royal family's holiday was aborted because of a political Covid backlash. King Willem-Alexander and Queen Máxima flew back with Princess Ariane on Saturday, a day after they had left.
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Old 10-21-20, 07:15 AM   #5163
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Old 10-21-20, 10:26 AM   #5164
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Old 10-21-20, 10:31 AM   #5165
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Old 10-21-20, 10:36 AM   #5166
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Just came across this and it embarrasses me to admit this is my home town....not that I know any of those involved as far as I'm aware.

Quote:
Twelve members of a football team have been fined after claiming they were from the same household while drinking in a pub.

They were in the Wouldhave in South Shields, South Tyneside, when staff members challenged them after seeing their football kit under their jackets, said pub chain JD Wetherspoon.

Northumbria Police said the member of staff reported a breach of the coronavirus regulations, and officers arrived at the pub. The group was fined £200 each, which will be halved if it is paid within a fortnight.

Ch Supt Janice Hutton of Northumbria Police, said: "This group showed a flagrant disregard for the rules which are in place to help prevent the spread of coronavirus."

The Wetherspoon spokesman said the group had been asked if they were from the same household and that they had said yes.

But player Josh Robertson, one of the those who was fined, denied that version of events.

He told the PA news agency: "They didn't ask if we lived in the same house. Why would 12 lads say we lived in the same house?"
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Old 10-21-20, 07:04 PM   #5167
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Well that's one pub chain that won't be hosting any more football team parties.
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Old 10-21-20, 07:24 PM   #5168
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Quote:
Originally Posted by August View Post
Well that's one pub chain that won't be hosting any more football team parties.
In hindsight all they can do is blame themselves
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Old 10-22-20, 05:51 AM   #5169
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Quote:
Originally Posted by August View Post
Well that's one pub chain that won't be hosting any more football team parties.
Quote:
Originally Posted by Mr Quatro View Post
In hindsight all they can do is blame themselves
Rgr that
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Old 10-22-20, 06:04 AM   #5170
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Chancellor Rishi Sunak speaking in the Commons to unveil "three further steps" to support for workers in parts of England under tier two restrictions
Firms in affected areas will be eligible for cash grants of up to £2,100 a month.

Spain records more than one million coronavirus cases since start of pandemic, the first western European country to do so.

The greater Covid risk for black and south Asian people in England is not explained by racism, says a scientist advising the government on the issue.

Scotland's licensed trade faces a 'battle' to survive after restrictions were extended in the country, industry leaders say.

BBC journalist Martin Bashir is seriously unwell with complications from coronavirus.

Belgian Foreign Minister Sophie Wilmès - who was the country's prime minister until last month - admitted to intensive care with Covid-19.

Greater Manchester will enter tier three restrictions just after midnight
In the UK, 26,688 more coronavirus cases and 191 deaths were announced on Wednesday.
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Old 10-22-20, 06:11 AM   #5171
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The Czech Republic has this morning gone into a second lockdown as 14,968 new infections are reported. Travel to work is allowed but most shops have been closed. Some areas have recorded rates above 800 infections for every 100,000 people.

New “level 5” rules have come into force in Ireland today - the highest level of Covid restrictions there.

Germany has announced a record 11,287 daily number of infections. That’s the first time it’s gone into five figures. The man leading the government’s fight against the virus, Health Minister Jens Spahn, has himself caught it. He took part in cabinet meetings yesterday, but officials say he wore a mask, and a big round table was used with spacing between ministers, so no-one else will need to self-isolate.

Sweden is removing special guidelines for over 70s – the same advice now applies to everyone in terms of hygiene, social distancing and avoiding large groups. If you go to a restaurant and it's too crowded, don’t go in, says Health Minister Lena Hallengren.

Italy’s Lazio region around Rome has joined two other Italian regions in declaring overnight curfews. Lombardy in the north starts its curfew at 23:00 tonight, Campania and Lazio follow suit tomorrow. Prof Walter Ricciardi, who advises the government on health, has warned that “some metropolitan areas like Milan, Naples and probably Rome are already out of control in terms of controlling the pandemic”. More here on how Italy’s restaurants are trying to reinvent themselves.

And some more on Spain, which is the first EU country to reach a million infections. The northern region of Navarre has imposed restrictions on movement from today and the Rioja wine region says it will do the same.
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Old 10-22-20, 06:52 AM   #5172
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This is the Corona crisis as well, in so far as while it also would have happened without Corona, the pandemic served as a catalyst that has incredibly accellerated the process. I have feared these consequences in the ongoing pandemic more than anythign else.

Most people will loose most of , not few will loose all that they had. A very few rich ones will incredibly benefit from the redistribution process that is being expressed by a shift from paper to real material value - because ordinary people depending on FIAT paper money so far will not have the buying power anymore to make that shift for themselves, too. Only the rich can transform their wealth into a form of assets and goods that do not get affected directly by inflation like paper currencies. From nothing they get something. All others will loose, and with their losses will finance the wealthy even more wealth. A new upper-lower-class society, which in fact is an old pattern, will arise from this, and if need be: being enforced and protected by police state tyranny and totalitarianism. We already can see the writings on the walls in America and Europe.

Quote:
Originally Posted by https://www.focus.de/finanzen/boerse/experten/vermoegensverwalter-warnt-das-suesse-gift-des-billigen-geldes-frisst-sich-durch-das-monetaere-endspiel-hat-begonnen_id_12569923.html
Markus Steinbeis is the managing partner of Steinbeis & Häcker Vermögensverwaltung GmbH in Munich.
---------------
The corona crisis hit a world with record levels of debt this year. That is the reason why this otherwise manageable crisis became an existential one. After the global financial crisis in 2008/09, there was a repeated rapid rise in national debt within a short period of time. The latest economic forecast by the International Monetary Fund expects global growth to collapse by around 4.4 percent in 2020. It is therefore not surprising that terms like deflation and recession make the headlines in the business press. Should one seriously prepare for inflation in this environment? From our point of view you even have to. The flood of money from central banks and the monetization of public finances meanwhile lead to a significant increase in the amount of money. A tide change begins for investors.

The M2 money supply (cash as well as savings and cash deposits with a maximum 2-year term and 3-month notice period) is growing by over 20 percent in the USA compared to the previous year. In the euro zone, it is around 10 percent. An excessive expansion of the money supply has always been the basis for inflationary developments in the past. As is so often the case in history, most states in our time can no longer cover their expenditures through tax receipts or the issue of bonds on the capital market. That is why the printing press is started. We are currently experiencing an unprecedented harmonization of fiscal and monetary policy. The central banks have become vassals of governments. Only the elderly among us remember our former independence.

We are at the beginning of the so-called Modern Monetary Theory (MMT). According to this, states can increase the amount of money almost indefinitely through their influence on the central banks. For us this is neither modern nor does it sound like theory. Rather, it is an act of desperation in a monetary endgame that has long since begun. Where does that lead us when budget deficits and national debt apparently no longer play a role because they have become irrelevant with freshly printed money and artificially depressed interest rates? Well, that's good news for all debtors. For investors and especially for the old-age provision of broad sections of the population, this is a disaster. In almost all major western countries, real interest rates (nominal interest less the inflation rate) are negative. Creditors are being dispossessed on a large scale.

The sweet poison of cheap money works and eats its way deeper and deeper into economic, political and social structures. Public and private debts are increasing immeasurably, interest payments can hardly be provided. The financial industry is profiting from asset price inflation and politics is enjoying the new leeway that freshly printed money offers. Charities are distributed and election promises outbid each other. It smells of socialism again. The system is on drugs and the substance is called debt. The balance can only be maintained if the dose is steadily increased. If this does not happen, the patient will show withdrawal symptoms. Last seen in the fourth quarter of 2018, when the US Federal Reserve tried to raise interest rates and shorten its balance sheet.

So far there has been no outcry from the population. There is still trust in the monetary system. Should this trust wane, things will get serious. People will then begin to exchange the money for property. As a consequence, the speed of circulation of money increases and the large amounts of money develop their inflationary dynamics. There is hardly any resistance in politics. System criticism in the mainstream media? Mostly nil.

Historical experiences are deliberately excluded. The history books are full of regimes that wanted to remain capable of acting through freshly minted or printed money and ultimately achieved the opposite. "History does not repeat itself, but it often rhymes" once wrote Mark Twain. When the euro was introduced 20 years ago, 1,000 euros could still buy more than 4 ounces of gold. Not even one today. It would be very surprising if the devaluation of paper currencies did not accelerate in the coming years. So far, inflation has only been shown in the area of ​​asset prices. However, the recent explosion in the money supply due to various fiscal programs should also have an impact on consumer prices in the coming years.


Due to the dramatic glut of money, we fear a significant decline in the value of many paper currencies in the coming years. This shifts the coordinates for today's generation of investors in Germany. Investors have tended to operate in a disinflationary environment since the 1970s. Falling interest rates caused bond prices to rise. Conservative investors were able to steadily increase their wealth through savings and bonds, i.e. in the role of creditors. Real interest rates were mostly positive. The future is likely to be very different. Collecting liquidity by the central banks by raising interest rates would be political and economic suicide. Rising inflation rates will only push real interest rates further into negative territory. The monetary endgame has long since begun. A new era of value stocks is thus looming.

What the market for precious metals has been indicating for many months is likely to be seen in other asset classes in the foreseeable future. Goods that can secure assets in a currency depreciation will come into the focus of investors. In addition to companies with strong balance sheets, this includes selected real estate, precious metals, raw materials and perhaps also inflation-protected bonds. It seems that politicians and central banks have opened a new chapter in the financial markets with their merger.

And/or this:





I am certain the political party fat cats and the elites and the wealthy in Venezuela have more than enough foods and drinks on their tables - and precious metals and jewelry in their cupboards.
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Old 10-22-20, 10:21 AM   #5173
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Old 10-22-20, 10:23 AM   #5174
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A bit of common sense from an elderly Brit.

https://order-order.com/2020/10/21/p...ng-to-be-dead/
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Old 10-22-20, 10:48 AM   #5175
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