🌞 Buy The Dip – May 18 2021

The Lead: Eviction Ban Could Go To The Supreme Court

credit: ap

The national eviction ban may go to the Supreme Court next as the Biden administration continues to fight to keep it in place. 

A group of landlords sued the Centers for Disease Control and Prevention and won. The judge said that they could evict tenants, despite the CDC’s nationwide ban on evictions. The Biden administration asked for a stay and got it. That means that the evictions can’t happen while this is being further challenged up the court system. 

The challengers

The landlord groups are challenging that stay in appeals court and asking the Supreme Court to hear this case too. If they are successful, it could end the eviction ban for everyone because landlords would be able to use this ruling to evict and put tens of thousands of evictions in motion around the country. 

Big picture

While these eviction bans have helped prevent many families from homelessness, the ban does not cancel the mounting back rent due for these tenants. Nor does it help landlords with expenses such as property taxes, insurance or expenses. Landlords still have to respond to maintenance requests for tenants, whether they are being paid or not. The government has offered little to no help to property owners and it has varied widely by state. The whole thing is a serious kicking-the-can-down-the-road problem. 

Running on Empty

credit: the times of london

The world is running low on everything, in case you haven’t noticed. It isn’t just consumer products that are suffering. Manufacturers can’t keep up with raw materials to make those consumer products. 

According to Bloomberg, “Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.” 

In Argentina, the government has intervened by halting beef exports for 30 days to try to control inflation, showing that the government is willing to forego profits to keep the economy from inflating out of control. 

The pandemic is only partly to blame for global shortages. Freak accidents such as the Suez Canal blockage and gas pipeline hack have not helped. If ever there was a time to learn to curb consumption friends, this is it! 

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This Job Is Killing Me

credit: giphy

Is your job literally killing you? A new study says that working long hours kills 745,000 people per year. 

This comes from the World Health Organization and the International Labour Organization. The study analyzed workers between 2000 and 2016. In 2016 alone, 398,000 people died from stroke and 347,000 died from heart disease due to working more than 55 hours per week. This was a 42% increase for heart disease and a 19% increase for stroke. It was not clear how the study controlled for other contributing factors such as diet. 

The study says that 9% of the global population works more than 55 hours per week. The good news, if you can call it that, is that this schedule will kill you slowly. Most of these reported deaths were among people 60-79 years old who had worked long hours between the ages of 45 and 74 years old.

Buying The Dip

credit: twitter

Bitcoin continues to trend down but some investors say that they are “buying the dip.” That means that they are buying when the price is low because they expect this downward trend to make a U-turn and go back up. 

MySpace Tom Tweeted that he is doing just that on Monday. An investor group published a rebuttal to Elon Musk’s claim that Bitcoin has a high carbon footprint. The investors claim that the currency has “an abundant, clean energy future” because mining can easily be done on renewable resources such as solar and wind.  

Meanwhile, Mark Cuban continues to promote Dogecoin. He said he owns 3,250 dogecoins and expects that it could soon be used for payments but, “like all generational technologies, it takes a generation to grow up.” 

News By The Numbers

22. That is how many people had to be rescued from a roller coaster on Saturday. Firefighters had to put each person in a harness to get them down. 

111. That is the age of the oldest man to have ever lived in Australia. He says that the secret to his long life is eating chicken brains. 

800. That is how many people have been killed in Myanmar since the military coup began, according to an activist group. 

65 feet. That is how much Mexico City could sink in the next century, according to new models. The city is already sinking as much as 20 inches per year. 

$9 billion. That is how much Amazon is reportedly offering to buy MGM. 

$25.9%. That is the tax rate that President Biden paid on an income of $607,336 in 2020. According to his new tax proposal, that is not a “fair share” and the President wants to raise taxes on himself.

This is Heavy

credit: giphy

Airlines in the U.S. may soon have to weigh passengers in order to account for cargo weight on flights. 

New FAA rules require that “surveys should be done at airports representing at least 15% of an airline’s daily departures in the secure area of the airport (to ensure that connecting passengers are included) and should select passengers at random. This is voluntary and passengers have to be allowed to opt out, with airlines then selecting another passenger at random and not the person who is next in line.” 

The old way of estimating flight weights is outdated because the average weight of an American human has gone up over the decades. 

Oh man, this can go all kinds of wrong. Customers will be furious if they feel like they are singled out to be weighed, especially ones who feel fat-shamed. This will cause litigation. At least the rules specify that this must be done in private instead of like that awful weight guessing game at the fair. 

Today's Live Show

BITCOIN PRICE ALERT: NEWBIES RUN AS WHALES REMAIN CALM

Join us on today's live morning show. We'll be looking at why Bitcoin's price could drop lower before it breaks to all-time highs. The eviction battle heads to the Supreme Court and we're all holding our breath. Click here to RSVP and I'll see you at 9 AM Eastern. 

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