(Janet Levy) Most people believe the coronavirus was a Black Swan, an unexpected event of large magnitude with unprecedented consequences. But Nassim Nicholas Taleb, who coined that metaphor, disagrees. Coronaviruses were well known, though the SARS-CoV-2 strain that hit humans was new. And the pandemic wasn’t unexpected. Experts had been warning of one – though not of the coronavirus per se – for some years. In 2019, the government had even conducted months-long pandemic preparation drills. Taleb’s annoyance is at the diminution of his coinage to a cliché.
small business
Small Businesses Unable To Cope With Increased Prices Caused by Port Congestion
(Arsenio Toledo) Small businesses are feeling the brunt of the congestion in America’s ports and supply chains. While larger corporations are expanding their operations to keep up with demand, smaller businesses can’t scale up their services and are being left in the dust.
Hundreds of Millions in Ppp Loans Went to Ccp-backed Firms, as U.S. Small Businesses Went Under
(Sophie Mann) The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s.
Two Weeks Later, Most Small Businesses Still Haven’t Gotten PPP Bailout Money
(Zero Hedge) A new survey reveals that most small businesses which have applied for coronavirus relief have yet to see a pennyof it while their businesses die on the vine due to the global pandemic.