Commercial Mortgage Debt in Distress Surges 320%, Moody’s Says
Led by loans backed by hotel and retail properties, $54.3 billion in CMBS debt has been transferred to workout specialist since March.
Bloomberg
Saudi Arabia Turns Off America’s Oil Taps Again…
Saudi Arabia Turns Off America’s Oil Taps Again… (First column, 1st story, link) Drudge Report Feed needs your support! Become a Patron
Amazon Calls Itself Small Business Pal With Bezos Set to Testify – Washington Post
Amazon.com Inc. is touting the success of the independent merchants on its site, previewing arguments Chief Executive Officer Jeff Bezos is expected to make next week to a congressional committee.
Duterte Asks Police to Step Up Arrest of Those Not Wearing Masks…
Duterte Asks Police to Step Up Arrest of Those Not Wearing Masks… (Second column, 20th story, link) Related stories:Brazil set to test Chinese coronavirus vaccine… Colombian President calls for multilateral solutions… Company Dev…
Manhattan’s Retail Pain Worsens with Fifth Avenue Rent Slide
Retail rents along lower Fifth Avenue dropped by 30 percent year-over-year in the second quarter, according to Cushman & Wakefield.
WIRE: The Founding Fathers Would’ve Been Pro-Face Mask…
The country has a long history of using blunt measures to stop disease, although the Covid-19 lockdowns might have been too much for Washington’s cabinet.
Erdogan Defies the West to Make Turkey a Regional Power…
When President Recep Tayyip Erdogan reopens Istanbul’s Hagia Sophia for prayers next week, it will be the crowning symbol of his mission to reassert Turkey’s role as a Muslim power on the global stage. Yet Turkey’s rarely seemed more alone.
Cornered by Crises, Bolsonaro Adopts ‘Peace and Love’ Style…
After pushing his administration to the brink of an institutional crisis with Brazil’s congress and its top court, President Jair Bolsonaro is seemingly changing tack, heeding the advice from new allies and even his predecessor.
Fed Officials Unconvinced on Need for Yield-Curve Control – MSN Money
Fed Officials Unconvinced on Need for Yield-Curve Control MSN Money Fed officials see need for ‘highly accommodative’ policy ahead, minutes show CNBC Fed revisits idea of pledging to keep interest rates low Yahoo Finance
Delegates to stay home…
The Democratic National Convention told state delegates to stay away from the gathering in Milwaukee this summer as the party announced it was significantly scaling back its nominating convention due to the coronavirus pandemic.
POLLS PLUNGING…
POLLS PLUNGING… (Top headline, 6th story, link) Related stories:Trump increasingly preoccupied with defending his physical, mental health… LINCOLN PROJECT RIPS VIRUS ‘CONFESSION’… President strategically stretches truth to manipu…
Visa Dispatches ‘Street Teams’ to Call on Small U.S. Businesses – Washington Post
Visa Inc. will dispatch workers to small businesses across the U.S. to help shops reopen and encourage additional use of its cards.