TGiF 6/26/20

Well, looky here -- another Friday already!

Let's take a peek at just a slice of what's going on out there, shall we?

For starters, the Federal Reserve did some foot-putting-down this week. According to an article in the New York Times,  the country's biggest banks are barred from buying back their own stocks or increasing dividend payments in the 3rd quarter.

The decision to limit payouts is an admission by the Fed that large financial institutions, while far better off than they were in the financial crisis, remain vulnerable to an economic downturn unlike any other in modern history. With virus cases across the United States still surging and business activity subdued, it remains unclear when and how robustly the economy will recover.

There's some other stuff in there, too - more thinking and planning from the banks, some additional stress testing, and whatnot.

Are you a dead person? If so, you might want to look for your stimulus payment - it could be waiting for you!  That's right - around $1.4B was sent to 1.1M people who are no longer with us. We learned this from a GAO report, which said, in part

Treasury and IRS did not use the death records to stop payments to deceased individuals for the first three batches of payments because of the legal interpretation under which IRS was operating. 

I suspect that'll be fixed before any other direct payments go out to people again.

The European Union has gone and done it, they did: most travelers from the US will be barred from entering the bloc when they reopen next week.  The article highlights that Europe will allow outsiders to begin entering again on July 1, but the US and Russia are now among the nations considered too risky because they have not controlled the coronavirus outbreak.

By contrast, travelers from more than a dozen countries that are not overwhelmed by the coronavirus are set to be welcomed when the bloc reopens after months of lockdown on July 1. The acceptable countries include China - but only if China allows European Union travelers to visit as well, the officials said. 

It's some kind of interesting karma, don't you think, after we shut down travel from Europe back in March?

What brought Walmart and the Mississippi Baptist Convention together? The Mississippi state flag, that's what. The retailer says it will no longer display it and that not doing so is "consistent with Walmart's position not to sell merchandise with the confederate flag," while the Baptists said

While some may see the current flag as a symbol of heritage, a significant portion of our state sees it as a relic of racism and a symbol of hatred. The racial overtones of the flag's appearance make this a moral issue. 

And Vice President and vote-by-mail fraudster Mike Pence, at the first White House Coronavirus Task Force press conference in a nearly two months, said that holding rallies in the middle of a pandemic, and not wearing masks when you do that, is freedom of speech and peaceable assemblage and oh, by the way, there's an election coming up. This is one of those cases where the last should be first, I think.

On to some good news:

• A 90-year-old woman named Margaret Payne from Sutherland, Scotland, climbed 2,398 feet - the height of Suilven mountain, which she climbed as a child - by walking up her stairs 282 times. Over the 73 days it took her to complete the climb, she raised $521,000 for the National Health Service.
• Ashanti Palmer, who was the valedictorian of her class, graduated this year having had perfect attendance forever. Seriously, she never missed a day of school from pre-K through 12th grade. She figured it out in 10th grade that she hadn't missed a single day, and then worked to keep her streak alive.  Headed to RPI to study biomedical engineering and medicine, she's gotten more than $430,000 in scholarships to pay for college.
• In an amazing case of generosity and DNA, Terri Herrington donated one of her kidneys to a man who had received Herrington's husband's pancreas and kidney 16 years earlier. Their story is heartwarming, for sure. 
• Mary Trump, niece of the president, might be allowed to publish her book after all. Seems her father, Robert, tried to block it, but Judge Peter J. Kelly said he had no jurisdiction over the family feud. Her father's lawyer has said he'll shop around for a different court to file a new lawsuit. The book, if you want to put it on your to-read list in the event Ms. Trump is successful in fighting off her father, is 'Too Much and Never Enough.'

TGIF, everyone.