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Offline JRM

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Re: Coronavirus Exposes the Virulence of American Conservatism
« Reply #4185 on: March 27, 2020, 12:43:21 PM »

Let's not call it conservativism or the stolen word, "libertarianism," stolen from the real libertarians who are and were socialists like me.  Let's not stoop so low any longer, really.  We're talking about sociopaths and narcissists, who comprise most high level government officials … or if not most, a damn whole lot of them -- and also high level placements in major and minor corporations.

We're talking here about human beings who are human in name only, who have no feeling for others, who love "wealth" and power over human and interspecies relationships or connection with the farking ground under their feet. We're talking also about trained morons, who have fancy degrees from fancy universities which worship the dollar bill over life.

Let us begin to be clear about what is at stake as we go into the heart of the Beast over these weeks. These people are rapists and murderers. Let us not kid ourselves. They are raping children as we speak -- and I have incontrovertible evidence of this fact.  And a fact is not a mere opinion. Let us be clear on this as well. They -- the narcissistic sociopath club -- want to kill you and your neighbor for another billion dollars. No kidding! It's straight up mental illness. 
« Last Edit: March 27, 2020, 12:59:31 PM by JRM »
My "avatar" graphic is Japanese calligraphy (shodō) forming the word shoshin, meaning "beginner's mind". --  http://en.wikipedia.org/wiki/Shoshin -- It is with shoshin that I am now and always "meeting my breath" for the first time. Try it!

Offline K-Dog

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Re: Coronavirus Exposes the Virulence of American Conservatism
« Reply #4186 on: March 27, 2020, 01:09:59 PM »

Let's not call it conservativism or the stolen word, "libertarianism," stolen from the real libertarians who are and were socialists like me.  Let's not stoop so low any longer, really.  We're talking about sociopaths and narcissists, who comprise most high level government officials … or if not most, a damn whole lot of them -- and also high level placements in major and minor corporations.

We're talking here about human beings who are human in name only, who have no feeling for others, who love "wealth" and power over human and interspecies relationships or connection with the farking ground under their feet. We're talking also about trained morons, who have fancy degrees from fancy universities which worship the dollar bill over life.

Let us begin to be clear about what is at stake as we go into the heart of the Beast over these weeks. These people are rapists and murderers. Let us not kid ourselves. They are raping children as we speak -- and I have incontrovertible evidence of this fact.  And a fact is not a mere opinion. Let us be clear on this as well. They -- the narcissistic sociopath club -- want to kill you and your neighbor for another billion dollars. No kidding! It's straight up mental illness.

I'm proud to be the Diner Trotsky.  :coffee: :emthup:
Under ideal conditions of temperature and pressure the organism will grow without limit.

Offline Surly1

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Re: Coronavirus Exposes the Virulence of American Conservatism
« Reply #4187 on: March 27, 2020, 02:29:11 PM »

Let's not call it conservativism or the stolen word, "libertarianism," stolen from the real libertarians who are and were socialists like me.  Let's not stoop so low any longer, really.  We're talking about sociopaths and narcissists, who comprise most high level government officials … or if not most, a damn whole lot of them -- and also high level placements in major and minor corporations.

We're talking here about human beings who are human in name only, who have no feeling for others, who love "wealth" and power over human and interspecies relationships or connection with the farking ground under their feet. We're talking also about trained morons, who have fancy degrees from fancy universities which worship the dollar bill over life.

Let us begin to be clear about what is at stake as we go into the heart of the Beast over these weeks. These people are rapists and murderers. Let us not kid ourselves. They are raping children as we speak -- and I have incontrovertible evidence of this fact.  And a fact is not a mere opinion. Let us be clear on this as well. They -- the narcissistic sociopath club -- want to kill you and your neighbor for another billion dollars. No kidding! It's straight up mental illness.

I'm proud to be the Diner Trotsky.  :coffee: :emthup:

You might have to wrestle the malignant gnome who runs this place for that title!
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"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline RE

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Re: Coronavirus Exposes the Virulence of American Conservatism
« Reply #4188 on: March 27, 2020, 03:45:41 PM »

Let's not call it conservativism or the stolen word, "libertarianism," stolen from the real libertarians who are and were socialists like me.  Let's not stoop so low any longer, really.  We're talking about sociopaths and narcissists, who comprise most high level government officials … or if not most, a damn whole lot of them -- and also high level placements in major and minor corporations.

We're talking here about human beings who are human in name only, who have no feeling for others, who love "wealth" and power over human and interspecies relationships or connection with the farking ground under their feet. We're talking also about trained morons, who have fancy degrees from fancy universities which worship the dollar bill over life.

Let us begin to be clear about what is at stake as we go into the heart of the Beast over these weeks. These people are rapists and murderers. Let us not kid ourselves. They are raping children as we speak -- and I have incontrovertible evidence of this fact.  And a fact is not a mere opinion. Let us be clear on this as well. They -- the narcissistic sociopath club -- want to kill you and your neighbor for another billion dollars. No kidding! It's straight up mental illness.

I'm proud to be the Diner Trotsky.  :coffee: :emthup:

Nice 2 meet you Leon.  My name is Che.  Wanna meet me at the Collapse Cafe for a cup of Java and a chat?


I gotta start smoking Stogies.  I already got started smoking a Pipe.

RE
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Online Eddie

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Re: Coronavirus Exposes the Virulence of American Conservatism
« Reply #4189 on: March 27, 2020, 03:52:25 PM »

Let's not call it conservativism or the stolen word, "libertarianism," stolen from the real libertarians who are and were socialists like me.  Let's not stoop so low any longer, really.  We're talking about sociopaths and narcissists, who comprise most high level government officials … or if not most, a damn whole lot of them -- and also high level placements in major and minor corporations.

We're talking here about human beings who are human in name only, who have no feeling for others, who love "wealth" and power over human and interspecies relationships or connection with the farking ground under their feet. We're talking also about trained morons, who have fancy degrees from fancy universities which worship the dollar bill over life.

Let us begin to be clear about what is at stake as we go into the heart of the Beast over these weeks. These people are rapists and murderers. Let us not kid ourselves. They are raping children as we speak -- and I have incontrovertible evidence of this fact.  And a fact is not a mere opinion. Let us be clear on this as well. They -- the narcissistic sociopath club -- want to kill you and your neighbor for another billion dollars. No kidding! It's straight up mental illness.

I'm proud to be the Diner Trotsky.  :coffee: :emthup:

You look a lot more like Rasputin. Just sayin'.
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Offline cernunnos5

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Re: The Surlynewz Channel
« Reply #4190 on: March 27, 2020, 04:04:41 PM »
Rob Zombie for prez. Hell ya

Offline K-Dog

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Re: Coronavirus Exposes the Virulence of American Conservatism
« Reply #4191 on: March 27, 2020, 10:17:52 PM »

Let's not call it conservativism or the stolen word, "libertarianism," stolen from the real libertarians who are and were socialists like me.  Let's not stoop so low any longer, really.  We're talking about sociopaths and narcissists, who comprise most high level government officials … or if not most, a damn whole lot of them -- and also high level placements in major and minor corporations.

We're talking here about human beings who are human in name only, who have no feeling for others, who love "wealth" and power over human and interspecies relationships or connection with the farking ground under their feet. We're talking also about trained morons, who have fancy degrees from fancy universities which worship the dollar bill over life.

Let us begin to be clear about what is at stake as we go into the heart of the Beast over these weeks. These people are rapists and murderers. Let us not kid ourselves. They are raping children as we speak -- and I have incontrovertible evidence of this fact.  And a fact is not a mere opinion. Let us be clear on this as well. They -- the narcissistic sociopath club -- want to kill you and your neighbor for another billion dollars. No kidding! It's straight up mental illness.

I'm proud to be the Diner Trotsky.  :coffee: :emthup:

Nice 2 meet you Leon.  My name is Che.  Wanna meet me at the Collapse Cafe for a cup of Java and a chat?


I gotta start smoking Stogies.  I already got started smoking a Pipe.

RE

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Under ideal conditions of temperature and pressure the organism will grow without limit.

Offline Surly1

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Teen Who Died of Covid-19 Was Denied Treatment Because No Health Insurance
« Reply #4192 on: March 28, 2020, 04:54:53 AM »
Teen Who Died of Covid-19 Was Denied Treatment Because He Didn't Have Health Insurance


People sit on a hill overlooking Dodger Stadium and downtown Los Angeles on March 26, 2020.Photo: Getty Images

A 17-year-old boy in Los Angeles County who became the first teen believed to have died from complications with covid-19 in the U.S. was denied treatment at an urgent care clinic because he didn’t have health insurance, according to R. Rex Parris, the mayor of Lancaster, California. Roughly 27.5 million Americans—8.5 percent of the population—don’t have health insurance based on the latest government figures.

“He didn’t have insurance, so they did not treat him,” Parris said in a video posted to YouTube. The staff at the urgent care facility told the teen to try the emergency room at Antelope Valley (AV) Hospital, a public hospital in the area, according to the mayor.

“En route to AV Hospital, he went into cardiac arrest, when he got to AV hospital they were able to revive him and keep him alive for about six hours,” Parris said. “But by the time he got there, it was too late.”

The name of the urgent care clinic that refused to treat the teen has not been released. Mayor Parris explained in his YouTube video that the 17-year-old is believed to have had no underlying conditions that may have contributed to his death.

“He had been sick for a few days, he had no previous health conditions. On the Friday before he died, he was healthy, he was socializing with his friends,” the mayor explained.

Los Angeles County currently has 1,216 covid-19 cases and 21 deaths, according to the L.A. County Public Health Department’s website. The U.S. as a whole has identified at least 85,991 covid-19 cases and 1,296 deaths as of Friday morning, according to the Johns Hopkins online coronavirus tracker. The U.S. became the country with the highest number of confirmed cases of the virus in the world yesterday, surpassing China and Italy.

The Lancaster teen tested positive for covid-19, but the Centers For Disease Control and Prevention (CDC) is reportedly evaluating the case to see if there’s another explanation for his death. The initial cause of death was explained on Tuesday as septic shock from complications with covid-19. The teen’s father has tested positive for covid-19 as well. The teen’s death has been removed from the official U.S. death toll, according to Public Health Director Dr. Barbara Ferrer, who gave a press conference on March 25.

Countries with authoritarian leaders like China, Iran, and Russia have adopted a strategy of denying that some people have actually died from covid-19, even after they test positive for the disease. In Russia, for example a 79-year-old woman in Moscow recently died of the new coronavirus, but the Russian government said that while she may have tested positive, she actually died of pneumonia. Moscow saw a 37 percent surge of “pneumonia” cases in January over the previous year, according to ABC News.

There have also been allegations from health care workers in the U.S. that some covid-19 deaths aren’t being properly counted, even as hospitals become overwhelmed with patients, sometimes waiting hours to get tested.

“We just don’t know. The numbers are grossly underreported. I know for a fact that we’ve had three deaths in one county where only one is listed on the website,” one unnamed nurse in California told BuzzFeed News this week.

People are already dying in New York emergency rooms waiting for ICU beds, according to the New York Times. President Donald Trump has denied that there’s a ventilator shortage, a dangerous lie. Trump told Sean Hannity on Fox News last night that he doesn’t like hearing “complaints” from governors and that states don’t actually need more ventilators, contradicting overwhelming evidence that hospitals across the U.S. will need thousands more ventilators in the coming weeks.

“I think that a lot of things are being said that are more [than needed],” Trump said of the medical equipment being asked for by governors. “I don’t think certain things will materialize. A lot of equipment’s being asked for that I don’t think they’ll need.”

Meanwhile, Los Angeles County is preparing for an influx of patients like they’re seeing in other U.S. hotspots like New York, Washington, and Louisiana. The Los Angeles Convention Center is currently being converted into a quarantine center according to local CBS TV affiliate KCAL-9. And the city of Lancaster is setting up makeshift triage centers, as evidenced by the number of cots in Mayor Parris’s own video on YouTube.

“We’re gonna get through this, and we’re going to be a much stronger community when we do get through this. We’re going to see things in each other we never dreamed possible. It’s not going to be terrible when it’s over, but we have a ways to go,” Parris said, urging people to take the covid-19 pandemic seriously.

“This next few months, we have to be together. We have to be strong. And most importantly, stay home.”

"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline Surly1

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How A 15,000-Year-Old Human Bone Could Help You Through The Coronacrisis
« Reply #4193 on: March 29, 2020, 06:51:23 AM »
Years ago, Margaret Mead was asked by a student what she considered to be the first sign of civilization in a culture. She identified a healed femur.
How A 15,000-Year-Old Human Bone Could Help You Through The Coronacrisis



A broken femur that has healed is evidence that another person has taken time to stay with the fallen, has bound up the wound, has carried the person to safety and has tended them through recovery. AUSTRALIAN NATIONAL UNIVERSITY

Remy Blumenfeld 07:00am EDT
38,415 views| Mar 21, 2020

Because my immunity is compromised, I am self isolating for the next 12 weeks or more. It’s what the UK government has directed, and it's for my own good. But it means I can't volunteer to help others in ways that I'd like to right now. I can't, for instance, go shopping for elderly friends or neighbors. Yet, there are still ways I can contribute, even in isolation. I can coach online and I can share stories, like this one. So, what is it about being human that makes us feel better when we help others?

Years ago, the anthropologist Margaret Mead was asked by a student what she considered to be the first sign of civilization in a culture. The student expected Mead to talk about clay pots, tools for hunting, grinding-stones, or religious artifacts.

But no. Mead said that the first evidence of civilization was a 15,000 years old fractured femur found in an archaeological site. A femur is the longest bone in the body, linking hip to knee. In societies without the benefits of modern medicine, it takes about six weeks of rest for a fractured femur to heal. This particular bone had been broken and had healed.

Mead explained that in the animal kingdom, if you break your leg, you die. You cannot run from danger, you cannot drink or hunt for food. Wounded in this way, you are meat for your predators. No creature survives a broken leg long enough for the bone to heal. You are eaten first.

A broken femur that has healed is evidence that another person has taken time to stay with the fallen, has bound up the wound, has carried the person to safety and has tended them through recovery. A healed femur indicates that someone has helped a fellow human, rather than abandoning them to save their own life.

This week, I received a note from a woman who lives close to my parents, (combined age 166) now in isolation at their home in Grantchester, England. This woman who I have met only once before, knew that I too was in self-isolation and could not therefore help my parents, so was offering to take care of them, should they need it.

“ I am happy to bike down and have a conversation through the door with them. I am also happy, if anything goes wrong, to look after them.

So use me and rest assured if things go wrong I will look after them as if they were my own parents.”

Whether or not they ultimately accept this offer, I feel hugely relieved to know, not only that my mom and dad have someone nearby who can help out, if necessary, but that such warm and generous neighbors exist. This love was there all along, of course, but the current crisis allows it to be seen. It makes me feel warmer, safer and better about living in Britain to know such altruism is close at hand.

“Helping someone else through difficulty is where civilization starts,” Margaret Mead said, “Never doubt that a small group of thoughtful, committed citizens can’t change the world; For, indeed, that's all who ever have.”
"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline Surly1

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Who Would Really Be 🏴☠️ Sacrificed To Save The  Economy From  COVID-19?
Whose families do the high priests of capitalism really intend to sacrifice to their god of money?

<a href="http://www.youtube.com/v/sC-WjS2_hUU" target="_blank" class="new_win">http://www.youtube.com/v/sC-WjS2_hUU</a>

Spoiler alert: It's the usual suspects.
"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline Surly1

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Your Misery? Our Market Opportunity.
« Reply #4195 on: April 01, 2020, 04:59:12 PM »
Are there no lampposts? No nylon rope?

New disclosure reveals Sen. Kelly Loeffler and her husband dumped retail stock and bought shares in a company that manufacturers medical supplies.
Loeffler and her husband dumped hundreds of thousands in stocks before the market dropped over the coronavirus outbreak.




  • Sen. Kelly Loeffler just disclosed more stock trades, including shares in retail companies she sold and ones she bought in Dupont, which makes medical supplies, The Atlanta-Journal Constitution reported.
  • After she attended a January 24 closed-door briefing on the COVID-19 outbreak, Loeffler dumped hundreds of thousands of dollars in stocks while also buying up shares in telecommuting software. 
  • Loeffler and her representatives have rejected criticism that she used her position in the Senate and access to top information to dump stocks before the market plummeted, saying neither she nor her husband have direct control over their portfolios.
  • Visit Business Insider's homepage for more stories.

Sen. Kelly Loeffler of Georgia and her husband, Intercontinental Exchange Chairman Jeff Sprecher, disclosed additional stock trades as they faced criticism for dumping shares before the market plummeted over the coronavirus crisis, The Atlanta Journal-Constitution reported on Tuesday.

Last month, both Loeffler and Sprecher, who is also the chairman of the New York Stock Exchange, came under scrutiny for selling hundreds of thousands of dollars in stock before the market's drop. 

The Daily Beast reported last month that after she attended a January 24 closed-door US Senate briefing on the COVID-19 outbreak, Loeffler sold hundreds of thousands of dollars in shares of Resideo Technologies, Comcast, AutoZone, and more before the decline and also bought up shares in Citrix, a company that makes telecommuting software. 

On Tuesday, The Journal-Constitution reported that newly disclosed stock transactions from early March involved the sale of retail stocks, which have seen a sharp decline as the industry suffers from the outbreak. Loeffler sold over $70,000 in shares of the retailer Ross on March 4 and 5; $27,000 in shares of TJX Cos., the parent company of TJ Maxx; and over $56,000 in shares of Lululemon, a popular athleisure clothing brand.

At the same time, she purchased over $87,700 in shares of Dupont, a Delaware chemical company that manufactures medical supplies. Such items are now in high demand as the coronavirus outbreak puts immense strain on America's hospital systems and medical infrastructure, with healthcare workers in desperate need of personal protective equipment. 

Loeffler was appointed to the US Senate in December to fill the seat vacated by former Sen. Johnny Isakson, who resigned before the expiration of his term. She'll run in a special election in November to serve out the rest of Isakson's term.

Before she became a senator, Loeffler worked as the chief executive of the cryptocurrency company Bakkt and as an executive at the Intercontinental Exchange, which owns big financial-market companies, including the New York Stock Exchange. She and Sprecher are estimated to be worth more than $500 million.

Loeffler and her representatives have said that even though their holdings are not in a blind trust, neither she nor her husband have direct control of their portfolios.

In a Wednesday evening statement to Insider, a spokesperson for Loeffler said that she "filed another Periodic Transaction Report (PTR) and the facts are still the same. These transactions are consistent with historical portfolio activity and include a balanced mix of buys and sells. Her stock portfolio is managed independently by third-party advisors and she is notified, as indicated on the report, after transactions occur."

The spokesperson added: "Sen. Loeffler continues to operate with integrity and transparency – following both the spirit and the letter of the law. While some will continue to make baseless accusations devoid of facts, Senator Loeffler will continue working to keep Americans safe and provide much-needed relief to Georgia families and businesses impacted by COVID-19."

The Journal-Constitution reported Loeffler also sold off shares in late February and early March in companies that could benefit from the coronavirus outbreak causing people to work remotely, including stock in Facebook and DocuSign, a platform that enables remote signing of documents.

But the timing of the transactions, coupled with Loeffler seemingly downplaying the threat of the COVID-19, has continued to raise questions as to whether she used her position as a senator and her access to detailed information about the crisis to financially benefit herself by selling off stocks before they plummeted in value. 

On February 27, days before the early March transactions, Loeffler tweeted: "FACT: America is doing an incredible job working to keep its citizens safe and healthy in the wake of the #coronavirus outbreak. ALSO FACT: Democrats are intentionally misleading the American public and it's dangerous."

The next day she wrote from her campaign Twitter account: "Democrats have dangerously and intentionally misled the American people on #Coronavirus readiness." And on March 10, after she sold off all the retail shares, she tweeted that the "the consumer is strong, the economy is strong, & jobs are growing."

Republican Sen. Richard Burr of North Carolina, who serves as chairman of the US Senate Intelligence Committee and receives frequent classified intelligence briefings, has also come under serious scrutiny for dumping more than $1 million in stock holdings and sounding the alarm over the COVID-19 outbreak in private while reassuring the public that the US government had a handle on the situation. 

On March 19, ProPublica reported that Burr sold up to $1.72 million in stocks in 33 separate transactions. While Burr said he made his investment decisions based on publicly available information, including from CNBC, his action sparked criticism and calls for him to be investigated from both sides of the aisle.

Ten days later, CNN reported that the FBI and the Securities and Exchange Commission reached out to Burr as part of the early stages of an investigationinto transactions by at least one member of Congress who sold large amounts of stock from their portfolios ahead of the market's drop.

While an attorney for Burr told CNN that he "welcomes a thorough review of the facts" and will cooperate with any inquiries into his trading, the FBI and SEC are not yet confirmed to have reached out to the offices of any other Senators besides Burr, including Loeffler, to seek information. 

While the investigation is in its preliminary stages, some critics say Burr's and Loeffler's actions could violate the 2012 STOCK Act, which prohibits members of Congress from making stock trades based on nonpublic information they glean in their jobs as elected officials. 

« Last Edit: April 01, 2020, 05:55:03 PM by Surly1 »
"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline Surly1

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Frank Rich: Trump’s Potemkin Recovery
« Reply #4196 on: April 04, 2020, 03:57:27 AM »
Frank Rich: Trump’s Potemkin Recovery


Not exactly meeting the moment. Photo: Win McNamee/Getty Images


Most weeks, New York Magazine writer-at-large Frank Rich speaks with contributor Alex Carp about the biggest stories in politics and culture. Today, evidence that Trump is playing favorites with medical aid and whether news networks should air his coronavirus briefings live.

Amid reports that the federal stockpile of medical supplies is “nearly exhausted” and production of new equipment is unlikely to come soon enough, it now appears that the Trump administration may be playing favorites, distributing supplies to political allies and states important for the president’s reelection campaign. How bad will the fallout be?

Because Donald Trump, Mike Pence, and the hacks and grifters around them lie about everything, there’s no way to come up with an empirical answer as to how much such petty politics, let alone the sheer incompetence, complete lack of planning, and rank corruption, are making this nightmare worse. Everything is a ruse. The administration’s promised numbers of coronavirus tests, masks, and ventilators were all fiction. The real mission of the Navy hospital ship USNS Comfort that Trump dispatched from Norfolk was to give him a photo op; it sits in New York Harbor idle, having admitted only 20 patients because of bureaucratic barriers. Even the origins of the White House’s estimated death toll of 100,000 to 240,000 are being questioned by the nation’s leading disease forecasters, reports the Washington Post. Remember Trump’s inaugural address, with its dark portents of “American carnage”? Well, that turns out to be the only Trump prophecy that is literally coming true.

The crucial electoral state of Florida — whose mini-Trump of a governor, Ron DeSantis, endangered the entire country by refusing to call off spring break — has all the medical equipment it has asked for. Desperate states like Colorado, Maine, and North Carolina are reduced to begging for help from a federal government with a depleted stockpile. What these three states have in common is that their governors are Democrats. (Trump seems to have written off the 2020 reelection hopes of their respectively endangered GOP senators, Cory Gardner, Susan Collins, and Thom Tillis.) Then there is New York. Andrew Cuomo says that there are not enough ventilators to get through another week. No matter. We know from Gabriel Sherman of Vanity Fair that the latest corona czar, Jared Kushner, has declared that “New York doesn’t need all the ventilators.” The next number that the Trump administration will be lying about is the inventory of available body bags.

But the catastrophic failure of the Trump White House to mobilize government to procure and distribute medical essentials where needed is just the most visible piece of this Boschian landscape of chaos and horror. Now that Congress has enacted a $2 trillion stimulus package, we’re sure to see the Trump family and its kleptocratic cohort play political and personal favorites with economic relief as well. The Trumps are nothing if not impressive in their ability to help themselves and their fellow grifters to every buck not nailed down. At a time when the president is insinuating that New York City hospital employees are stealing masks, inquiring minds want to know if the administration scheme to have FEMA bid against states for PPE, thereby driving up prices, was sheer dereliction of duty or a concerted effort to benefit war profiteers in or close to the White House.

In the same vein, this week The Atlantic reported that the nonexistent Google testing website hawked by Dr. Deborah Birx in a White House press briefing was assigned not to Google but to a company whose co-founder is Jared Kushner’s brother. (That company quietly scrapped the project even as American casualties spiked in part for lack of the administration’s promised testing.) The Times now reports that the Trump Organization, among other financial machinations, is leaning on Palm Beach County to waive monthly payments on land it leases for its golf club. Meanwhile, in what is likely to become a national paradigm of unequal relief efforts to come, ordinary Floridians can’t file for unemployment benefits because of an inadequate system and crashing website, both the work of the state’s previous Republican governor (and current senator), Rick Scott. That calamity is surely a preview of the soon-to-arrive train wreck as the Trump administration fails to deliver on Steven Mnuchin’s promise of a speedy distribution of checks to individual households and loans to small businesses.

At this time of emergency and medical need, it is impossible to know which is inflicting the most damage on a suffering American public: the president and his administration’s complete lack of a plan, the incessant lying to create a Potemkin simulation of action, or the politicization and corruption of the various ad hoc schemes Trump and his lackeys are creating on the fly. Trump has taken to speaking of himself as a “wartime president,” but as I’ve said before, the bone spurs that exempted him from military service have now migrated to his brain. If he had been lagging this far behind the enemy as president during World War II, he would have sent troops to the beaches of Hawaii, not Normandy, on D-Day.

Trump’s daily coronavirus updates are attracting millions of viewers, though their distortions and misinformation have led some news networks to question whether they should be aired live. What is the value of these briefings?

Everyone knows by now that unless Anthony Fauci is speaking, these daily episodes of Trump reality television, running nearly as long as The Irishman (but less well acted), are founts of misinformation that may be dangerous to your health with digressions for self-aggrandizement, political hit jobs, press bashing, and utter drivel. If Trump is going to bring on a donor like the CEO of MyPillow to liken him to divinity, why not bring on some entertainers — maybe a magician, or a dance band temporarily unemployed at Mar-a-Lago, or if all else fails, Kid Rock.

Network news organizations have started to cut away from them more and more, as they should. Pointing a camera at a news event is not the same thing as reporting on it. Networks can broadcast any effusions that are newsworthy on slight delay — with immediate fact-checking — and go back to reporting actual news happening elsewhere throughout a nation on the ropes. Those who want the whole unedited feed can turn to Fox News while waiting for the next open-mike night from Jeanine Pirro.

"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline Surly1

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Paul Krugman sees unemployment soaring to 20% in a matter of weeks
« Reply #4197 on: April 04, 2020, 04:46:16 AM »
Like the pandemic itself, the economic effects are just getting started. Strap in.

Nobel-winning economist Paul Krugman sees unemployment soaring to 20% in a matter of weeks




Ben Winck
15 hours ago
  • Dire jobless data this week revealed historic layoff activity through March, and Nobel Prize-winning economist Paul Krugman estimates the unemployment rate could skyrocket to 20% by mid-April.
  • The Center for Financial Economics at Johns Hopkins projected Thursday that the 20% level could be reached in six months, calling hopes of a quick return to past lows "comical."
  • Krugman agreed with CFE's estimate in a Friday tweet, but warned its timeline was "wildly optimistic" and said the unemployment rate could hit 20% in just two weeks.
  • "Balance sheet damage will hinder recovery even when the virus subsides," the economist added. 
  • Visit Business Insider's homepage for more stories.

The coronavirus's sudden stop to economic activity can spike the US unemployment rate to 20% by mid-April, Nobel laureate economist Paul Krugman said in a Friday tweet.

Labor market data released this week shed light on worse-than-expected layoff activity through the end of March. Jobless claims soared by 6.6 million in the week ended March 28, a second-straight record as newly unemployed Americans rush for aid. Friday's jobs report showed the economy losing 701,000 roles before the strictest lockdown measures were announced.

Bleak unemployment estimates soon followed the releases. The rate stands to nearly triple to 9.6% by the end of April if those applying for unemployment benefits fail to find work, Luke Tilley, chief economist at Wilmington Trust, said.

A New York Times estimate published Friday pegs the current unemployment rate at 13% after projecting jobless claims filed after March 28 and a rapid slowdown in hiring activity.

Read more:Jefferies says these 15 stocks make the perfect buy for investors seeking quality, defense, and recovery as the coronavirus sends markets spinning

Economists at the Center for Financial Economics at Johns Hopkins Universitysaid the rate could surge to 20% in six months and deemed hopes of a quick retracement "comical." 

Replying to the CFE's estimate, Krugman agreed that "balance sheet damage will hinder recovery even when the virus subsides." Yet the economist classified the center's six-month timeline as "wildly optimistic," adding "we may well be there in two weeks."

Krugman has repeatedly sounded the alarm on the coronavirus's fallout and economists' optimism for a sharp rebound. The lasting impact fueled by massive layoffs, revenue loss, and state-level financial tightening is a "huge fiscal time bomb," he told Business Insider on Thursday. Smaller governments hold the key to a speedy recovery and require far more aid than Congress set aside in its $2 trillion stimulus measure, he added.

Read more: RBC polled 185 investors during the worst first quarter in stock-market history. They revealed what they're buying and selling as the coronavirus crisis persists.

"They're losing tax revenue. They're having extra expenses. They're going to have to make that up in the near future, which means that they're going to be laying off," he said. "It's going to be a lot like what happened after the 2008 crisis when layoffs of school teachers, layoffs of government employees were a big factor in holding back recovery."

While state and local governments will reprise their roles from the last recession, the nationwide downturn won't mimic the financial crisis, Krugman said. The slump will first arrive with the immediate shutting down of nonessential businesses and services, similar to a "medically induced coma where you shut down major parts of the brain" to aid healing, he said.

The long-term consequences hit when a lack of sufficient aid leaves businesses floundering, states slashing spending, and the economy experiencing a more "conventional recession."

"If you're thinking that this is just a replay of 2008, you're missing probably the bigger part of the story, but there are pieces," Krugman said. "That part should be avoidable if we act forcefully enough, which we haven't so far."

Read more:Stocks are technically back in a bull market, but Wall Street experts don't trust it. 6 of them explain why we're doomed to fall further — and share what traders should do as turmoil continues.

"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline JRM

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Re: The Surlynewz Channel
« Reply #4198 on: April 04, 2020, 06:08:17 AM »
A Federal Reserve Bank study report suggested unemployment could be at about 32% in June. That's quite a lot higher than the 20% Paul Krugman forecasts.

https://www.businessinsider.com/fed-unemployment-forecast-coronavirus-pandemic-millions-layoffs-record-rate-jobs-2020-3

What percentage of Americans are staying home because their state our county has some version or another of a "stay home" order? It's the overwhelming majority of the states on a statewide basis, and also the most populous states.  So how many people are currently not working, percentage wise? Anyone here want to guess? Or do we have stats on this?

The next question is … How long will this stay at home situation be going on? I predict it will be happening for at least another month, maybe two. But things will begin to open up slightly somewhere in that time frame, perhaps -- meaning a small fraction of folks staying home will begin to return to work. That process will be slow and timid and will last for further months over a year period, most likely.

Helicopter money won't patch this hole in the hull of the ship.  And massive disruptions will be happening in most or all countries in the world at this same time.  India is likely to completely fall apart very soon, for example.
My "avatar" graphic is Japanese calligraphy (shodō) forming the word shoshin, meaning "beginner's mind". --  http://en.wikipedia.org/wiki/Shoshin -- It is with shoshin that I am now and always "meeting my breath" for the first time. Try it!

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Re: The Surlynewz Channel
« Reply #4199 on: April 04, 2020, 06:51:00 AM »
A Federal Reserve Bank study report suggested unemployment could be at about 32% in June. That's quite a lot higher than the 20% Paul Krugman forecasts.

https://www.businessinsider.com/fed-unemployment-forecast-coronavirus-pandemic-millions-layoffs-record-rate-jobs-2020-3

What percentage of Americans are staying home because their state our county has some version or another of a "stay home" order? It's the overwhelming majority of the states on a statewide basis, and also the most populous states.  So how many people are currently not working, percentage wise? Anyone here want to guess? Or do we have stats on this?

The next question is … How long will this stay at home situation be going on? I predict it will be happening for at least another month, maybe two. But things will begin to open up slightly somewhere in that time frame, perhaps -- meaning a small fraction of folks staying home will begin to return to work. That process will be slow and timid and will last for further months over a year period, most likely.

Helicopter money won't patch this hole in the hull of the ship.  And massive disruptions will be happening in most or all countries in the world at this same time.  India is likely to completely fall apart very soon, for example.
Unemployment has been 20% for years.

 

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