This is counting the cost on aljazeera your look at the world of business and economics this week as Oil Prices Slump economies shrink and austerity kicks in is this the end of the middle east oil rush also this week south africas unemployment hit a record high before the pandemic whats gone wrong for an economy that emerged from the 2008 financial crisis in a strong position. When you try to reinvent the wheel but turns out you may simply be the Worlds Largest taxi firm is this the end of the gig economy into fights and labor laws and courts around the world. The world economies are moving away from fossil fuels right now being an Oil Producing nation is a tricky proposition burning through money set aside for a rainy day and borrowing money from International Investors to make sure you can pay your bills its also a time many Big Oil Companies are thinking about leaving more oil in the ground many countries have failed to wean themselves off Oil Struggling to diversify their economies
Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Current Conditions emphasis on the word current why . The market is a forecast machine across the ball and supposed to be appearing six to nine months in the future. Maybe the economy is in rough shape. Let say they reflect next february so what are the odds the economy will be in much better condition by then because some people would say stocks are saying. Thats the key question. Tonight, i want to
Also wanted to read for the public, due to the covid19 Health Emergency and to protect commissioners, the employees and the public, the building inspection hearing room is closed. However, members will be participating in the meeting it remotely. This precaution is taken pursuant to the stayathome order, and all proceeding and proceeding local and state and federal orders, declarations and directives. Committee members will attend the meeting through Video Conference or by telephone, if the video fails. And participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda. Both channel 78 and sfgovtv. Org are streaming the number at the top of the screen. Each speaker will be allowed two minutes to speak. Comments or opportunities to speak during Public Comment period are available via phone by calling 408 4189388, 146 632 7982. Best practices are to call from a quiet location, speak clearly and slowly and tur
The new system and we have a staff update on this this morning. So looking forward to that. In short, d. B. I. Is still fulfilling its motion on behalf of the his. I want to thank you to our hardworking and dedicated professionals for their absolute terrific jobs they are doing and have been doing. Under the enormous stresses caused by this virus. This continues to require multiple adjustments in very reduced timeframes and under challenging conditions. And we are all deeply impressed with our staffs achievements to date. On top of Everything Else, the entire department is moving its offices to 49 south van ness. The move will start on july 23rd and take place over two weekends. It will mean that the Curbside Services are unavailable for a few days and again staff will provide more details on this later in the morning. The city, as you know, is keeping a very close eye on the resurgence of the deadly virus. Well keep you updated as changes occur and we have steps that are designed to k
Century will soon be a thing of the past, quaker oats announcing that theyre getting rid of the 130yearold aunt jemima brand famous for pancake mixes, maple syrup, and other breakfast foods. In a statement to nbc news, quaker oats writing in part, we recognize aunt jemimas origins are based on a racial stereotype. While work has been done over the years to update the brand in a manner intended to be appropriate and respectful, we realize those changes are not enough. Trevor thats right, after 130 yearsing it officially time to pour one out for aunt jemima. Dont worry. I put pancakes on the floor. Now, if you dont understand the big deal is, aunt jemima, from the beginning, was a classic slave mammy stereotype who got her name from an old blackface minstrel character. And although the company has tried to strip away the most racist stuff over the years people still associate aunt jemima with ads like this one from 1945, where aunt jemima is saying lawsee folks sho whoops with joy over a