The Dow Industrial Average index of 30 blue-chip stocks dropped almost 3,000 points today, erasing almost all the gains the index made since President Trump's inauguration. This comes on the first business day after the Federal Reserve dropped interest rates to near zero, and the CDC issued new guidance on avoiding groups of 50 or more for the next 8 weeks.
Related stories, just from today:
- Josh Marshall reminds us that we held elections during the Civil War and two World Wars, so resist any efforts to postpone the General Election in November.
- Greg Sargent says that Trump's anti-media rhetoric needs to stop.
- Clarles Blow decries Trump's deadly lack of leadership.
- Ruchir Sharma lays out how the pandemic will destroy the economy (tl;dr: debt).
- Texas Reprobate Republican representative Louis Gohmert is single-handedly holding up a COVID-19 relief bill.
- Will Leitch worries that halting sports for even a few weeks, let alone months, could make it very difficult to start them again.
- Cranky Flier writes a letter to new aviation employees.
- Dan Kois in Slate points out that the rules corporations and police agencies have relaxed in the wake of the pandemic mean the rules were bullshit all along.
- One bright spot: the pandemic has helped the environment in the worst-affected areas.
I will now resume beating up a partner organization for deploying software on Friday night that broke literally everything on our side.