1) As Joe Biden approaches taking office, the question of a third stimulus check is already open, but one point is the amount, either $2,000 or $1,400. With $600 checks already being dispersed, the question expands to having the second and third payments combined to total of up to $2,600. In turn , Biden may propose a third stimulus check for $1,400 per eligible adult, for a total of $2,000 between the two payments. But America isn’t the only nation amassing huge national debts with cash back programs to its citizens. From small third world nations to the most advance western nations, a large number of nations have stimulus payments in an attempt to salvage their economies, several paying more per person than America. There has been little to no concern of how these national debts will be paid back, leaving a growing instability of the world economic system. If one of these indebted nations should start collapsing, the other economies could then be pulled down and collapse too. Like a gaggle of standing dominos, one falls, knocks down more, who in turn knocks down more until the whole comes tumbling down resulting in disaster.

2) Even with majorities in the house and senate, the new president Biden faces a hard time getting his Covid relief bill passed. This could further be hindered if the Senate becomes embroiled in an impeachment trial of President Trump and the confirmation of Biden’s Cabinet in the early days of his administration. Typically, a new president has his first hundred days, the honeymoon time, when the Congress is most willing to support and pass the legislation the new president proposes. But continuing actions and debates against Trump will eat into that honeymoon, plus distracting by the press away from the president, leaving Biden ‘holding the bag – possibly empty’.

3) China joins the rush to driverless cars, with the Chinese startup company WeRide raising $310 million dollars in funding as the race to robot cars heats up. This funding and new investors will give the company the strategic resources to commercialize self-driving technology. The company says it will launch trial operations for their Mini Robobuses immediately. WeRide valuation is estimated to top $5 billion. Other companies including search giant Baidu, start-up AutoX and ride-hailing firm Didi, who are competing in the same space.

4) Stock market closings for – 14 JAN 21:
Dow 30,991.52 down by 68.95
Nasdaq 13,112.64 down by 16.31
S&P 500 3,795.54 down by 14.30
10 Year Yield: up at 1.13%
Oil: up at $53.80

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