14 October 2020

1) Cuba’s economic minister urged calm as the government prepares to unify its dual currency system and multiple exchange rates in hopes of improving economic performance. The nation is undergoing a crisis caused by new U.S. sanctions on top of decades-old embargos, the pandemic and its inefficient Soviet-style command economy. The country could not overcome the crisis without unification which included wage, pension and other measures to protect the population. The monetary reform will eliminate the convertible peso while leaving a devalued peso, the officially exchanged rate since the 1959 Revolution is one peso to the dollar. The country would end up with a single currency and exchange rate with the dollar, but it’s unknown what the rate might be or the date devaluation would happen. Economists forecast this will cause triple digit inflation and bankruptcies while at the same time stimulating domestic economic efficiency and exports over imports.
2) Two more arms sales to Taiwan is reported to be moving forward. America is seeking to sell sophisticated military equipment, the MQ-9 drone aircraft and a coastal defensive missile system putting the island nation in a better position to repulse invasion by Red China, who claims Taiwan is a wayward province. China has stated she will reunite the province to the mainland, by force if necessary. Presently, there are as many as seven major weapon systems making their way through the U.S. export process, as the administration ramps up pressure on China. All arm sales to Taiwan must be approved by the Senate.
3) California’s PG&E (Pacific Gas & Electric) company is warning of up coming power outages in Northen California because of increased fire risk. Two dangerous wind events are expected this Wednesday and Thursday and into Friday. High winds pose a fire danger from sparking of power lines into vegetation, thus starting fires in dry areas already ravaged by fires. Power outages are anticipated in 34 California counties. Cutting off the electrical power is presently the only means to ensure against sparking wild fires in windy conditions, and has become standard operation procedure.
4) Stock market closings for – 13 OCT 20:
Dow 28,679.81 unchanged
Nasdaq 11,863.90 unchanged
S&P 500 3,511.93 unchanged
10 Year Yield: down at 0.73%
Oil: up at $40.18

THE CAST PODCAST EP. #13 feat. MIKE SMIFF (Youtube Edition)

MAJOR TECH COMPANIES ARE BETTING ON PODCASTS….

By: Economic & Finance Report

Major technology companies such as Spotify, Apple, BarStool Sports, and Amazon, are racking up their check books in investing in podcast shows and networks.

Amazon is utilizing Audible to attain podcast shows, while Apple is using its Apple TV shows and other Apple products for podcasting viability. BarStools Sports which began as a sporting blog, has utilized its strong sports platform in the podcasting space.

Over 100 million people in the United States listen to podcast shows, one way or another. The number seems to be increasing on rolling average basis according to analysts estimates. The way that traditional radio has been digressing, don’t be surprised as podcasting surpassing the new normal. -SB

_Listen to the #EFRPodcast & #TheCastPodcast shows on the cloud, soundcloud.com/Economic-FinanceReport

THE CAST PODCAST EP. #13 SLIP N’ SLIDE FEAT. MIKE SMIFF

OVER 3 MILLION AMERICANS ARE UNEMPLOYED BECAUSE OF THE CORONAVIRUS PANDEMIC!!!!!!!!!

image: nytimes.com

By: Economic & Finance Report

Over 3.3 million Americans have claimed unemployment benefits because of the coronavirus, the U.S. Labor Dept has indicated this past week. The virus has taken a toll on businesses, income wages and society’s everyday way of living.

These numbers reflect a growing number of Americans who are currently unemployed and are seeking financial relief; because of what the COVID-19 virus has done to their working wages. Many people have insisted that the impact has burdened them into massive financial debt.

It also has to be noted, that the United States has now surpassed all other countries with the most infected individuals who have tested positive for COVID-19. Over 85,000 people in the USA have the coronavirus, as presented by data by John Hopkins University on March 26, 2020 (US infections 85,840). SB

Sources: US Labor Dept; John Hopkins University Covid-19 Data

#THECASTPOD EP. #12 LOL FEAT. @COMEDIANJLAND @YOUTUBE

The Cast Podcast Ep. #12 LOL feat. Jonathan Land Youtube Ed.

#THECAST Ep. 12 feat Jonathan Land LOL Edition:

The Cast Ep. #12 LOL feat Jonathan Land

#TheCastPodcast is back like never before, new episode as always. Sammy BE @ecofiretv, Luisa L. @luisamodels, and on the engineering consoles Jon “Da Don” Sterling @thedramablock.

The trio is back with another one as we enter the spring season 2020. You guys and gals know what it is, more heat rock content for your dome.

It was a pleasure to have as our guest a man who is creating noise and alarms in the comedy game, he has been a featured stand up comic on Late Night With Seth Myers, and also has been on the NYC comedy circuit, lacing the circuit with great comedy. He goes by the name of Jonathan Land.

Jon came on the #TheCast to discuss comedy, entertainment, his come up story and more. This is an episode you must tune in to #TheCast.

“WE ALL HAVE A VOICE & A OPINION. IT’S JUST HOW U USE YOURS”…..

As always, Be Bless, Stay Bless, God Bless

THE PLATFORMS BELOW:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4)@Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

#THECASTPODCAST EP. #11: END OF YR WRAP UP REVIEW 2019 (YOUTUBE ED)

#TheCastPod Ep. #11: End of the Year Wrap Up 2019

#TheCastPodcast last episode of the 2019 year. Your hosts Sammy BE @EcoFireTV, Luisa L @LuisaModels & Jon “Da Don” Sterling @TheDramaBlock, closed 2019 very strong of course; 2020 will be way stronger.

The crew wrapped up the greatest moments in 2019, as well as accommodating outstanding guests, who dropped gems and jewels about their $$$$money moves$$$, in their respective businesses plus MORE FUN…. 2020 we R just getting started…. 2020 Let’s Go Get Em’……..

#TheCastPodcast#TheCastPod “WE ALL HAVE A VOICE & A OPINION, IT’S JUST HOW U USE URS” As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE) www.twitter.com/EcoFireTV

2)www.instagram.com/LuisaModels (Luisa L) www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) www.soundcloud.com/Economic-FinanceReport (Podcast)

5) www.youtube.com/Economic&FinanceReportEFRTV (Youtube)

6) www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)