Today's Intel

Feb. 28, 2020

REUTERS

Democratic presidential hopefuls spread out across South Carolina on
Thursday as the clock ticked down to the state's Saturday primary, the
first big test of their appeal with African-American voters.

Fourteen states and one U.S. territory host Super Tuesday primaries next
week, a flurry that could bring more clarity about which Democratic
presidential contender voters prefer to challenge Republican President
Donald Trump in November.

U.S. stocks opened sharply lower on Friday as investors dumped equities
amid a rapidly spreading coronavirus outbreak, which has raised fears of a
possible global recession.

Coronavirus panic sent world share markets skidding again on Friday,
putting them on course for their worst weekly fall since the 2008 global
financial crisis, with almost $6 trillion wiped from their market value so
far this week.

Hopes the coronavirus would be contained to China vanished on Friday as
infections spread rapidly around the world, countries started stockpiling
medical equipment and investors took flight in expectation of a global
recession.

Hundreds of migrants in Turkey started arriving on the borders with Greece
and Bulgaria on Friday after a senior Turkish official said Ankara would no
longer abide by a 2016 EU deal and stop refugees from reaching Europe.

A federal judge is weighing civil contempt charges against a Russian
company accused of funding a Russian troll farm's interference in the 2016
U.S. election to boost President Donald Trump's candidacy after prosecutors
accused the St. Petersburg-based firm of defying subpoenas to hand over
documents.

Somali troops clashed with a regional militia on Friday in one of the most
serious outbreaks of fighting yet over political rivalries that Washington
says are slowing the war against al Qaeda-linked insurgents.

Mexico's government said on Friday it had detected the first cases of
coronavirus infection in two men who had recently traveled to Italy, making
the country the second in Latin America to register the virus.

Several key OPEC members are leaning towards a bigger than previously
expected oil output cut, as oil prices fell to $50 per barrel on fears the
coronavirus outbreak will hit oil demand badly.

Greece will not tolerate any illegal entries of migrants through its
borders and will increase its border security, Prime Minister Kyriakos
Mitsotakis said on Friday.

AP Top Stories

A Chinese Navy ship fired a laser at a U.S. surveillance aircraft flying
over the Philippine Sea west of Guam, the Navy said Thursday, acknowledging
the incident more than a week after it happened.

Masoumeh Ebtekar, Iran's vice president for women and family affairs, is
the latest Iranian government official to contract the COVID-19
coronavirus. At least seven officials in the country have tested positive
for the coronavirus.

California is monitoring more than 8,400 people who arrived on commercial
flights for coronavirus symptoms from "points of concern," but the state
lacks test kits and has been held back by federal testing rules, Governor
Gavin Newsom said on Thursday.

Connecticut Republicans plan to honor three high school girls who have
filed a lawsuit seeking to block transgender athletes from participating in
women's sports, alleging trans competitors have a "biological advantage"
that has skewed the playing field in their favor.

The death toll from four days of sectarian violence in India's capital has
risen to 38, making it the worst religious rioting Delhi has seen in more
than three decades. Over 200 people have been injured, dozens of them shot,
as mostly-Hindu supporters of a controversial new citizenship law seen as
discriminatory against the country's minority Muslim population clash with
opponents.

The release of a Somali man on death row for the rape and murder of a
12-year-old girl after he paid 75 camels undermines a landmark law to curb
gender violence and promotes a culture of impunity in the east African
nation, women's rights groups said.

President Vladimir Putin inspected Russia's answer to Disneyland on
Thursday, the country's first large-scale indoor theme park, called "Ostrov
Mechty" - or Dream Island, which Moscow says will be the biggest of its
kind in Europe when it opens on Saturday.

BBC

At least 33 Turkish soldiers have died in a Syrian government attack in
opposition-held north-western Syria, in a major escalation of the conflict.

A Kenyan judge has suspended flights between Kenya and China and ordered
the state to prepare a plan to prevent the spread of coronavirus.

Police in Nigeria have raided what they say is a child-trafficking facility
in south-eastern Rivers State. They say they rescued four pregnant
teenagers and more than 20 children between the ages of one and four.

WND

As California faces a major homeless crisis, skyrocketing taxes, and
serious affordable housing issues, a California state legislator is focused
on issues that truly matter: gender-neutral toy aisles. According to
KRON-TV in San Francisco, a new California law would require retailers to
have gender-neutral sections inside of their stores.

Legislation that would restrict handgun purchases to one per 30 days passed
the Virginia Senate on Thursday, but an added provision that exempts
private transactions will likely prevent the bill from passing the House
and cause the legislation to go to a conference committee to reach a
compromise.

Prime Minister Shinzo Abe announced Thursday that Japan will close its
schools until April in a bid to halt the spread of coronavirus.

Add new comment

Plain text

Pages

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.