Traditional tourist destinations are facing an unprecedented challenge. Many holiday makers are now spending their vacation in their home countries here in germany this has led to beaches being shut due to overcrowding is this the end of the road for travel and tourism thats our focus this week on made im glad to have you on the this is how it used to be crew ships giant floating condominiums carrying tens of thousands of tourists from one port to the next to see all the sites that could be packed into one week on the water but now the coronavirus has crippled industry ports have been refusing ships entry leaving passengers and crew stranded at sea and with operators struggling to stay afloat my colleague ben physical and asked if anyone will ever take a cruise again. My own holiday from hell 2016 highly contagious no ro virus broke out i was trapped for 2 days in my cabin with severe chills vomiting diarrhea my 1st and last cruise. And now the w. Sends me to a boarding packed with idl
Yeah, look, we saw the market rally and the vibs rally earlier this week. Just a terrible sign the 6 0 the vix the vix is the gauge, supposed to go in opposite direction. And spear downturns. That said, over bought as we are, its actually good. I went back to 1985 when you have periods where you are as overboard as we were, you tend to have 3 corrections and no more so lets have the 3 correction. Lets watch out for the stocks trading. David portnoy, the most important force i believe in the market by gunning the cruise ships and in gunning the airlines oil. At least his cohort was doing so watching the robin hood margin features again, this is wa we have to do. If we think the market is run by people who trade through Goldman Sachs were fools. The people active, the people trading retail, trading cruise, airline. Trading low price oils its fun for them and great. A lot use big margin calls that are coming, but the market became fun now, the reality is, and david, you know this market w
A tremendous collapse of the capitalist state institutions that are supposed to help people during a crisis the guidelines for what to do have been all over the place the medical gear is not available the hospitals are overwhelmed that the test still arent widely available in the u. S. Can you talk about why it is that our institutions have failed us so it thoroughly. You see you can. See the lazy shit by the budget or government how do you know what is so gallus legal austerity should actually leave. The United States government since the financial crisis of 2008 has deeply cut into these areas the area of education and social. Which is why on the one side there was no real preparation for the emergency on the other side you know you have a relatively hallucination driven Political Class just not science based you know they dont actually have an understanding of reality it seems to me so right. That the World Health Organization theyve led a blue pandemic donald trump and alex is expe
Of a there they did i think im a big fan of your writing you wrote an excellent article recently in which you said during a pandemic the private sector austerity model has fallen apart weve seen such a tremendous collapse of the capitalist state institutions that are supposed to help people during the crisis the guideline for what to do is been all over the place the medical gear is not available the hospitals are overwhelmed that the tests still arent widely available in the u. S. Can you talk about why it is that our institutions have failed us so thoroughly. You see you. Really. Should. Reply did it or government how do you know what is still gallus legal austerity should actually be called. The United States government since the financial crisis of 2008 has deeply cut into these areas the area of education and social. Which is why on the one side there was no real preparation for the emergency on the other side you know you have a relatively hallucination driven Political Class jus
A great show for you tonight lee cam sits down with the jaipur shot a journalist and an author of 30 books a political philosopher and the executive director of the Tri Continental Institute for social research they talk about the failures of our government to deal with this crisis the demands workers should be making and much more than redacted correspondent Natalie Mcgill will talk about some mind blowing old news from Medieval Times the era not the eatery then i will go into how big businesses are taking Small Business support good news for people who like breathing and how the virus is remaking the College Process College Education process but 1st lets go to that interview between we camp and jay per shot the ship rashad thank you so much of a there late. On the big fan of your writing you wrote an excellent article recently in which you said during a pandemic the private sector austerity model has fallen apart weve seen such a tremendous collapse of the capitalist state institutio