Items
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recession
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2020-04-16
Gagosian Furloughs Part-Time Staff and Interns as Covid-19 Impedes Business
All galleries felt the immense economic pressure of shuttering their doors. There was uncertainty and furloughs or imminent possibility of losing ones job was a looming presence especially in the spring of 2020. Even international blue-chip galleries like Gagosian were financially struggling. Those that lost their jobs were The article discussed job loss - whose jobs - and what this means for the art world in the present and in the future. Other methods of main tenting financially during the pandemic included furloughs and salary cuts where the percentage was determined by how much someone made per year. -
2020-06-03
Alberta Recession
This story is an example of the kind of recessions formerly rich provinces are facing. -
2020-04-05
Corporate Growth
This is a photo of Elon Musk smoking marijuana on the Joe Rogan Experience podcast, captioned with the phrase “show me the money.” This is a reference to the astronomical growth of the Tesla Corporation in 2020 and the average investor’s potential to secure massive gains, as well as a joking reference to the near worship of Elon Musk that can be found in the subreddit ‘WallStreetBets.’ This subreddit often features ‘absolute madlads’ making huge gambles on stocks (usually TSLA, AAPL, or AMZN) and subsequently either securing massive returns tallying into the hundreds of thousands or losing everything. When most of my family was laid off from their jobs, my brother and I turned to day trading to keep ourselves and our family afloat. I was one of the only ones still employed at the time, and I was doing this in addition to working up to 75 hours a week to take advantage of overtime pay stacked on top of hazard pay. Although only my father and I were still working, everyone in the family still had bills to pay and the rent was still due. Tesla’s stock, specifically, has grown almost 500% this year and is set to grow even more. This meme is somewhat of an inside joke my brother and I had as we began securing leverage and buying covered calls on TSLA to increase our overall cash flow with the little savings we had to work with. We were quite literally counting on Elon Musk and his revolutionary car company that we had placed our faith in during this time to pay our rent. Luckily, it worked out for us. Ironically, the massive transfer of wealth to corporations from small businesses that went under as a result of COVID-19 was incredibly beneficial for my family and I since we invested in the right stocks at the right time. -
2020-09-11
Prisons and Jails Are Rolling Back Free Phone Calls
When Covid-19 hit the US many things shutdown including the nation's prisons. Of course they kept taking in people for incarceration but they no longer allowed visitors. This made connection to the outside world through phone calls even more important. What many people don't know is that each phone call an incarcerated person makes costs money, a lot of money. In the beginning of the pandemic many jails and prisons offered free phone calls, in the case they were even allowing phone calls (that's another story) but as the pandemic has continued for nearly eight months phone calls are no longer free or reduced cost. This is an undue burden on a population that is facing high unemployment. -
2020
Stay Awake
This meme encourages people to stay woke. -
2020-06-08
Here We Go Again: Millennials Are Staring At Yet Another Recession
As a Millennial this is a hard pill to swallow. We now know that lifetime wealth for millennial was affected greatly by the 2008 recession. Can we really recover from a second? -
2020-06-09
Journal Entry- June 9, 2020
I'm a nursing student living at home on the family farm and I'm struggling to get a job. I've been sporadically journalling throughout the pandemic. This entry looks at what my day looked like an some thoughts about the current situation.