News Round-Up: January 19, 2021

L-R Actor/model Nyle DiMarco and President-elect Joe Biden (image via Instagram)

Some news items you might have missed:

Out: Model, actor, and activist Nyle DiMarco (above) has something in common with President-elect Joe Biden – they both have new gigs. The America’s Next Top Model champ is one of a group of stars to appear in V Magazine’s 2021 calendar.

Mediaite: Turner Classic Movies has scheduled an “All Joe” Inauguration Day lineup of films to celebrate incoming President Joe Biden, while not-so-subtly trolling Trump. The lineup includes: Ode to Billy Joe (1976), Polo Joe (1936), The Fabulous Joe (1947), The Story of G.I. Joe (1945), Joe Smith, American (1942), A Guy Named Joe (1943), Pal Joey (1957) and Mighty Joe Young (1949).

CBS News: Signaling a continued break with President Trump the day before he leaves office, Senate Majority Leader Mitch McConnell blamed Mr. Trump in part for the assault on the U.S. Capitol earlier this month, saying the pro-Trump mob that overran the building was “provoked by the president and other powerful people.”

CNN: Donald Trump has reportedly been talked out of issuing presidential pardons for himself and his family as well as certain Republican lawmakers said to be nervous about their legal vulnerability for their part in the U.S. Capitol insurrection.

The Hill: From Trump’s inauguration day, the Dow Jones Industrial Average rose from 19,827 to 30,930 on Tuesday, a 56 percent increase. That increase is below the 73.2 percent rise the Dow saw in Obama’s first term, or the 105.8 percent increase under Clinton’s first term. A similar trend was true for the S&P 500, which gained 67.8 percent under Trump. It gained 84.5 percent in Obama’s first term, and 79.2 percent in Clinton’s first term.

LA Times: The 232-bed Vignes Street development has shattered the axiom that homeless housing takes years to build and is exorbitantly expensive. From start to finish in under five months and at a cost of about $200,000 per bed, it has shaved years and hundreds of thousands of dollars off a traditional homeless housing project.

White House: Donald Trump issued a pre-recorded farewell address today. #ByeGurl

Dow Jones Drops 900 Points As Coronavirus Spikes & Stimulus Talks Stall

Donald Trump
Donald Trump (screen capture)

So. Much. Winning.

With talks for a fiscal stimulus package stalled and coronavirus infections spiking in states across the U.S., the stock market tanked to the tune of 900 points on Monday.

From CNBC:

The Dow Jones Industrial Average traded 900 points lower, or 3.2%, and was headed for its biggest one-day loss since June 11. The S&P 500 slid 2.7% and the Nasdaq Composite dipped 2.5%.

Monday’s decline erased the monthly gains for the Dow industrials.

The decline came amid a record surge in new coronavirus cases in the U.S. The country saw more than 83,000 new infections on both Friday and Saturday after outbreaks in Sun Belt states, surpassing a previous record of roughly 77,300 cases set in July, according to data from Johns Hopkins University.

The data also showed the country has reported an average of 68,767 cases per day over the past seven days, a record.

News Round-Up: April 1, 2020

Ron Rich becomes the second Winter Party festival attendee to die from coronavirus.

Ron Rich becomes the second Winter Party festival attendee to die from coronavirus.

Some news items you might have missed:

National LGBTQ Task Force: Volunteer Ron Rich (above) is the second Winter Party attendee to succumb to the coronavirus. According to a Facebook post, he had served on the Task Force’s hospitality team for five years and also volunteered with the Outshine Film Festival and Lambda Legal. Israel Carreras was the first attendee to die from COVID-19.

The Gay UK: A woman found her husband’s Grindr account on his phone. She asked the “Dear Uncle” column in the UK for advice on what to do.

Milwaukee Journal-Sentinel: Wisconsin is still planning on holding its Democratic primary next Tuesday. But a lack of poll workers has led the governor to use members of the Wisconsin Army National Guard to man the polls during the April 7 election.

Out Music: Troye Sivan originally planned to release his latest single, “Take Yourself Home,” later this year but current events caused him to reconsider that plan. The track mixes acoustic guitar and club beats resulting in a winning mid-tempo groove.

Mediaite: In a message to his supporters, Sen. Bernie Sanders (I-VT) admits he has a very narrow path to the Democratic nomination but vows: “If I’m not the nominee, I will do everything I can to see that Joe Biden is elected president because Trump is the most dangerous president in the modern history of this country, and we’re seeing just how dangerous he is with all of the misinformation that he is providing during this coronavirus pandemic.”

Washington Post: The Dow Jones industrial average plunged 410 points, or 1.9 percent, to cap the most dismal first quarter of its 135-year history. The Dow ended Tuesday at 21,917.16 — a full 23 percent below its January start and 26 percent off the record high it set in February.

Tiger King: It’s interesting to learn that Saff, one of the few sympathetic characters on the Netflix series, is presented as a lesbian. It turns out he’s transgender and was misgendered repeatedly throughout each episode. Robert Moor, who produced a podcast chronicling the private zoo’s story prior to the Netflix docu-series, tweeted that Saff’s gender identity was virtually erased in the series.

News Round-Up: March 20, 2020

Some news items you might have missed:

InstaHunks: Woofy Steve_in_LA (above) looks handsome as ever self-isolating in style as he works from home.

LGBTQ Nation: At least four LGBTQ people who were at the Winter Party – a huge circuit party held in Miami earlier this month – have been diagnosed with COVID-19. Other partiers have also developed symptoms.

CNBC: The Dow Jones Industrial Average closed 913 points lower, or more than 4%, after rallying more than 400 points earlier in the day. The S&P 500 slid 4.4%. The Nasdaq Composite closed 3.8% lower after jumping more than 2%.

KIT212: Kenneth’s weekly round-up of the what’s what in local gay rags like Scissor Sister’s lead singer Jake Shears in the latest issue of GRAB.

Washington Post: U.S. intelligence agencies were issuing ominous, classified warnings in January and February about the global danger posed by the coronavirus while President Trump and lawmakers played down the threat and failed to take action that might have slowed the spread of the pathogen, according to U.S. officials familiar with spy agency reporting.

CNN: Economists at Goldman Sachs predict next week’s unemployment report will show 2.25 million Americans filing for their first week of unemployment benefits this week — eight times the number of people who filed last week and the highest level on record.

New Music: Scottish singer/writer ONR (pronounced “honor”) shares new track and video “Human Enough,” the latest from his forthcoming Must Stop EP.

ONR says of the new track: “I liked the idea that ‘being human’ wasn’t a defining quality, but rather a sliding-scale… that you could consider yourself ’not human enough’ to be someone else’s equal. The video is dark, confused, frustrated; it exists within this fantastical alternative reality where the concept of being human is (literally) different from our own.”

Dow Jones Drops 2,353 On Worst Trading Day Since 1987 Crash

Trump walks past reporters with no comment
Trump walks past reporters with no comment
Donald Trump (image via public domain/White House)

The U.S. stock markets had their worst day since the 1987 crash as the Dow Jones dropped more than 2,300+ points.

From the New York Times:

Stocks continued their plunge on Thursday, as President Trump’s latest effort to address the coronavirus outbreak — a ban on the entry from most European countries to the United States — disappointed investors who have been waiting for Washington to take steps to bolster the economy.

The S&P 500 closed down about 9.5 percent, its biggest daily drop since the stock market crashed in 1987, on what came to be known as Black Monday. The decline has left stocks in the United States firmly in a bear market — a term that signifies a decline of 20 percent from the most recent highs.

For the Dow Jones industrial average, the drop of 10 percent was also its worst since the 1987 stock market crash.

Before he was president, Donald Trump had strong opinions about who should be held accountable when the markets had huge drops. #TheresAlwaysATweet

 

Dow Jones Enters Bear Market Territory After 11 Year Run

The 11-year Dow Jones bull market that began on March 9, 2009, under President Obama has ended under Donald Trump as the stock market has now declined 20% from recent record highs.

We’re now officially in bear market territory.

From NBC News:

The Dow Jones Industrial Average closed down more than 1,400 points on Wednesday, crossing firmly into bear market territory, or a 20 percent decline from a 52-week high. The losses came as the World Health Organization labeled the coronavirus outbreak a pandemic.

The S&P 500 and the Dow are currently down more than 14 percent from the record highs they hit just last month, making this the fastest drawdown from peak to decline.

Wednesday’s massive sell-off is a response to the lack of concerted policy action from President Donald Trump’s administration, which has been criticized for its mixed messaging about the best ways to address and contain the virus.

In related news, the World Health Organization on Wednesday characterized the coronavirus as a pandemic for the first time.

Currently, there are more than 1,000 confirmed cases of coronavirus in the United States. Experts say that number that is expected to rise as testing becomes more widely available.