Cartoon

License to Practice

JM Ashby
Written by JM Ashby

(Cartoonist - Adam Zyglis)

In other news, New York state saw its highest daily death toll yet with 731 new deaths, but there are signs that new cases may be slowing as hospital admissions drops.

Meanwhile, a branch of the White House virus task force that coordination supply chains has been told to work from home after one staff member tested positive for the virus.

Finally, pour one out for the shareholders missing their dividend payments.

More than $56 billion of dividends have been scrapped by businesses based in Western Europe, the U.S. and Canada, according to data compiled by Bloomberg. In Western Europe another $40 billion has been temporarily postponed. [...]

Boeing Co., the Chicago-based planemaker, was the biggest cut by total dollar value in the U.S. It suspended its dividend on March 20 after the outbreak disrupted travel and upended the company’s finances as it was spending heavily to keep its suppliers afloat ahead of the expected midyear return of the 737 Max.

The most significant thing the Trump tax cuts did was shovel dividend payments into the pockets of wealthy shareholders and for some companies even that is gone now, but we're still be paying for those tax cuts for the next decade.

  • 1933john

    I wonder how much of that 2T is for dividends?