Companies preparing for less than historic times. Cocacola and gm announcing thousands of job cuts. Isnwhile, capital one cutting borrowing limits on credit cards. This is coming just as stimulus money is running out and people need loans the most. Romaine interesting that they would take this action. The credit market dropped pretty dramatically prior to covid19. The number of credit card loans outstanding on a household basis dropped in the first quarter. It accelerated in the second quarter. That was the sharpest drop on record. I guess the question is what caused that. People were shopping and traveling less, but there is also a sense, and you see this in some of the data, that credit card lenders were tightening their standards. Interesting, this data on your screen only goes through the end of the second quarter. Talkede and we particularly this week of the Federal Reserve committed to keeping lower for longer. Come intohe drip feed the real economy . At the moment, we are seeing
14 Apr 2021
The Cornell University Faculty has passed a resolution calling on campus police to not “require raced descriptions of suspects” in campus crime alert emails because such descriptions reinforce violence against black people.
According to the university’s passed resolution, “the knowledge that a crime may have been committed by a Black man does not make CRIME ALERT recipients any safer.”
Instead, the faculty believes the alerts endanger “Black people in the community, reinforcing the common phenomenon of violence against Black people on the grounds that they look like suspected criminals.”
“These emails consistently foreground the race of suspects, sometimes listing race and gender as the only distinguishing features of unidentified criminal suspects,” the resolution reads.
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