Worst

American Hotels Experienced Worst Year Ever

According to STR, Inc, a hotel industry market data firm, 2020 was absolutely the worst year on record for hotels as industrywide profits fell to zero, as the virus pandemic and resulting government-enforced social distancing measures kept travelers at home.  STR’s latest report said the US hotel occupancy rate was 44% for the year, down from…

Scaramucci's SkyBridge Capital Fell 7.5% In 2020, Marking Worst Performance Since 2008

In case anyone was wondering why Anthony Scaramucci all of a sudden has decided to make a pivot to Bitcoin, the 2020 returns for SkyBridge Capital could hold the answer. Scaramucci posted ugly numbers for 2020, with his fund losing 7.5% of its value – its worst annual performance since 2008. The kicker is that…

Buchanan: The Worst Of Days For Trump & Trumpists

Authored by Pat Buchanan via Buchanan.org, President Donald Trump, it turns out, was being quite literal when he told us Jan. 6 would be “wild.” And so Wednesday was, but it was also disastrous for the party and the movement Trump has led for the last five years. Wednesday, the defeats of Senators Kelly Loeffler…

Stocks Suffer Worst Start To A Year Since The Dot-Com Crash

The re-awakening of “Blue Wave” risk… Source: Bloomberg …along with escalating pandemic-related lockdowns/restrictions (worse than expected vaccination roll-out and hospitalization panic-mongering like we saw in 2018 due to the flu) sparked the worst start to a year for the S&P since 2001… The entire market was hit with a selling wave at the cash open…

Homebuyers Face Affordability Crisis, Worst In 12 Years 

Between record-low mortgage rates (thank you Federal Reserve), Congress’ fiscal stimulus checks, record debt-fueled demand, and extremely low supply, the housing market entering 2021 is in bubblelicious territory, surpassing levels not seen since the 2006/7 housing bubble.  Of course, surging home prices mean that millennials can’t afford to buy as this has pushed affordability to…

These Are The 10 Worst Mayors In The Nation In 2020

Authored by Jennifer Oliver O’Connell via RedState.com, As one of our RedState diarists Dana Pico mused, “There are times that I wonder if today’s Democrats see George Orwell’s 1984 not as a warning but a model of good government.” In celebration of a 2020 that desperately needs to come to an end, here is a list of the…

Winter Is Coming: 62% Of U.S. Small Business Owners “Fear The Worst Is Still To Come”

By Michael Snyder The official start of winter is just a few days away, and many small business owners are concerned that their businesses won’t be able to make it to the start of spring.  This is particularly true for those small businesses that rely on face to face interaction with the general public.  Restaurants,…

“A Recordbreaking Month”: These Were The Best And Worst Performing Assets In November And YTD

With stocks posting record returns in virtually all global markets, it will come as no surprise that according to Deutsche Bank’s Henry Allen, November was a great month for financial markets as 34 out of the 38 non-currency assets in the bank’s sample rose, which also means that 27 of them are now up on…

These Are The Best (And Worst) Places To Live During The Coronavirus Era

The coronavirus pandemic has exposed the shortcomings of the global health-care system, while also exposing how developed and developing world economies could demonstrate such unexpected responses. Tiny South Korea has managed to suppress the virus with mass testing and tracing. The US, meanwhile, has recorded the most deaths, while China has already vaccinated more than…

“The Worst Isn’t Behind Us” – These Are The World’s Most At-Risk-Of-Insolvency Airlines

It’s no secret by now the worldwide airline industry will lose more than a hundred billion dollars this year because of the virus pandemic that has caused an unprecedented crash of the travel and tourism industry in nearly every country. Unless governments increase financial aid, at least eight major airlines are at risk of bankruptcy.  Using the Z-score…

Taibbi: The Worst Choice Ever

My colleagues at Rolling Stone recently endorsed Joe Biden for president: Biden’s lived experience and expansive empathy make him not just a good, but an outstanding candidate… This is a fight between light and darkness… Joe Biden is a corpse with hair plugs whose idea of “empathy” is to jam fingers in the sternums of…

World faces worst food crisis for at least 50 years, UN warns

The world stands on the brink of a food crisis worse than any seen for at least 50 years, the UN has warned as it urged governments to act swiftly to avoid disaster. Better social protections for poor people are urgently needed as the looming recession following the coronavirus pandemic may put basic nutrition beyond…

Killing Capitalism: Technocrats Spark Worst Economic Collapse In 150 Years

The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Monday. The world economy is expected to contract by 5.2 percent this year — the worst recession in 80 years — but the sheer number of…