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22Apr2021 Market Close: Wall Street Finishes Lower Following Reports Of Biden Tax Hike Proposal, DOW Down 321 Points, Nasdaq Down 0.9%, Bitcoin Slides Precipitously To 52400


DOW closes more than 300 points lower after Biden eyes capital gains tax hike (SPY -0.9%). The US is running out of people to vaccinate. Pfizer: People will need 3rd COVID-19 shot, yearly doses.
The Market in Perspective
Here are the headlines moving the markets.
The Future For Oil Producer Romania Looks Bleak
Europes upstream segment has two main challenges environment-related long-term objectives that gradually narrow down oil companies maneuvering ability in terms of where/what they can drill and deficit-ridden governments trying to squeeze as much out of their domestic production as it can get. Whilst most of Western Europe, with its shale drilling bans and forced production phase-outs, gradually started to tilt towards the first variant, Romania is one of the rare examples for the latter option. It would seem that with its ....

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On Bubble Economics, And The New Pro-gun, Pro-hunting Firearms Panel


Wednesday, 7 April 2021, 11:10 am
The
travel bubble with Australia will throw a lifeline to
tourism operators, who have first-hand experience that
thrifty domestic tourists are no real substitute for the
free spending visitors from offshore. According to the
Global Data research organisation, the annual spend of
domestic tourists in this country during 2019 was only about
$305, while the average expenditure of Australian visitors
here during 2019 was $4,642. (And Australians tended to
spend less than visitors from further afield!). All up,
travellers from Australia were worth an estimated $2 billion
to us during 2019, and Tourism NZ boss Rene De Mornay has
estimated that the opening of a travel bubble could deliver ....

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