This is not surprising, but there is a terrible social construct inference that hurts my soul. The lesser educated are expendable and the right people to put on front lines in a ‘war’ – sound familiar? Knights and foot soldiers (peasants) anyone?
This recent post by Dr H has my head spinning; mostly around topics that have been forefront and already twirling, but this is worth the read.
The structrual changes C-19 may bring are broad and wide – socially, economically, poltitically foremost. But, there seems two questions that I spiral down to: a) what changes in my own personal behavior should I make to help move my community to a more positive space (safe space – health and economic), and b) how do I as an investor make money without exploiting the pain of others?
One of the comments to the post also has an interesting tidbit of thought that can easily be extrapolated to ask, what is the right proportion of the economy that can be focused on non-essential services / goods? That is a great question and the follow on question about how a society would engineer this is almost politically (at least here in US) untouchable.
Comment quote with my bold: “Anyway , what comes to mind is this Pandemic and how it exploits different parts of the World in different ways based on the characteristics of different economies and their relative position as regards development and prosperity.. Here in the US a developed economy relatively prosperous the large portion of the GDP is Consumer Spending (generally quoted at 70% ) This creates a situation where the jobs especially in the lower 50% (earnings wise that is) are in services and thus nonessential to the functioning of a society except as regards people having income and perpetuating the system. When the apple cart is upset (as currently it is) the magnitude of the problem is phenomenal in it’s scale . Elsewhere the dynamics change based on the ratio of services to essential activity.. It as I recall was my initial argument against Globalization which was a trend during the Clinton Years and was a factor in American Prosperity for 4 decades to come… It will be interesting to watch the Recovery Rate of different economies on the Global scale… I sort of see this feature as being a relevant part of future discussions and Political trends…..Actually it already is”
US seems hardly able to test sick people let alone use testing to quickly find infected people w/out symptoms, or on the positive side, test people and let them know that even though they were probably stupid to go clubbing, they are not infected.
Dr H put out a great post this morning on the continued exporting of US meat products during a time where companies / officials are claiming broken supply chain and farm goods / animals being destroyed … Something just does not reconcile based on this post.
The original content came from Reuters, and from their piece, quote, “While pork supplies tightened as the number of pigs slaughtered each day plunged by about 40% since mid-March, shipments of American pork to China more than quadrupled over the same period, according to U.S. Department of Agriculture data. tmsnrt.rs/2YLF1XN“
Smithfield, which China’s WH Group bought for $4.7 billion in 2013, was the biggest U.S. exporter to China from January to March, according to Panjiva, a division of S&P Global Market Intelligence. Smithfield shipped at least 13,680 tonnes by sea in March, Panjiva said, citing its most recent data.
To quote an old farmer friend of mine, “something sure smells like pig sh^t!”
Some data behind the recent statement from UN fearing famine, quote: “The head of the UN’s relief agency issued a warning in April that the coronavirus pandemic could produce “famines of biblical proportions.” In an article on the UN’s news website, this troubling forecast was explained and expanded on as follows: “As the virus plunges more and more people into poverty, and governments respond to the crisis with protectionist policies that restrict food exports, as many as 265 million people across 30 countries could now face starvation.”
The Atlantic published an article this week that I think is a very important read on what could be possible objectives for Republicans to desire state bankruptcy – especially large voting blocks of “blue” voters.
“Since 2010, American fiscal federalism has been defined by three overwhelming facts.
First, the country’s wealthiest and most productive states are overwhelmingly blue. Of the 15 states least reliant on federal transfers, 11 are led by Democratic governors. Of the 15 states most reliant on federal transfers, 11 have Republican governors.
Second, Congress is dominated by Republicans. Republicans controlled the House for eight of the last 10 years; the Senate for six. Because of the Republican hold on the Senate, the federal judiciary has likewise shifted in conservative and Republican directions.
A state bankruptcy process would thus enable a Republican Party based in the poorer states to use its federal ascendancy to impose its priorities upon the budgets of the richer states.”
Heisenberg posted today on the job numbers which were a continuation of terrible. Two points struck me.
First, Heisenberg did a fabulous job (consistently over the last few weeks) of making sure we remember that behind those numbers are real people. I was often reminded when i managed teams and was required to redeploy human resources that there is a curse of dehumanizing it all due to the simplicity of spreadsheets and numbers – there are humans represented by those numbers; quote: “Obviously, one can extrapolate and otherwise work with the numbers to create a smorgasbord of alarming statistics, but, as I’ve been keen to emphasize, these aren’t just statistics – they are people”
Second, the stock markets took 4.4m jobless people as a positive as it was not even higher … what kind of world is that a rational response?
Cool tech to keep streets safe for non-car people (like me)
I almost never drive … and if I do, there must be multiple destinations or something to do that is worth the carbon guilt … However, as I walk, run, bike everywhere, I am constantly ‘on alert’ due to people driving cars who seem to just want to make it hard for non-car people
Grist published a spot on a company that is coming up with some help for us …
Quote: “Tara Pham’s company, Numina, generates the granular data that cities require to design bike- and pedestrian-friendly roads and neighborhoods. You could say it all got started by accident — two of them, as a matter of fact. We got both stories recently, after Pham, who has a background in civic technology and engineering, landed on the 2020 Grist 50, our annual list of emerging climate and justice leaders. Our conversation with Pham has been edited and condensed for clarity.”
Even with the U.S. Senate set to vote later today on passing an additional relief bill for small businesses in the U.S., there is a bright spotlight being thrown on where the funds from the original Paycheck Protection Program designed for small business went.
The first-come, first-serve U.S. government aid program saw at least $243M of the total $349M funneled to publicly traded companies, including 15 with market caps of over $100M. As has been reported over the last week, the program ran dry before many mom-and-pop operations and smaller independent businesses were able to apply.
The list compiled by Morgan Stanley of those +$100M market cap companies nabbing PPL loans includes DMC Global (NASDAQ:BOOM), Wave Life Sciences (NASDAQ:WVE), MannKind (NASDAQ:MNKD), Lindblad Expeditions (NASDAQ:LIND), Legacy Housing (NASDAQ:LEGH), Misonix (NASDAQ:MSON), Digimarc (NASDAQ:DMRC), Fiesta Restaurant Group (NASDAQ:FRGI), OptiNose (NASDAQ:OPTN), Quantum Cor.p (NASDAQ:QMCO), New Age Beverages (NASDAQ:NBEV), Aquestive Therapeutics (NASDAQ:AQST), Escalade (NASDAQ:ESCA), Zagg (NASDAQ:ZAGG) and Veritone (NASDAQ:VERI).
It’s not fast; it does not have a huge range for battery … but
Quote: “The business plan, too, frames the Ami as a scooter replacement when it hits streets this June. You could buy it outright for $6,600, or you could lease it for $22 per month (with about $3,000 down), or rent it for 30 cents a minute with ride-share apps. The monthly lease is on par with current e-scooter subscriptions, though the minute-by-minute rate is about twice what the e-scooter company Bird is charging.”
I have been a long time fan of Clarence White’s playing both via Kentucky Colonels and the Byrds. David Greer, my once guitar teacher Eric Skye turned me on to Greer’s playing (I cannot even figure out how he gets that many tones from his guitars)! David Rawlings is one of my newer player loves that I can listen to all day long. — check this out. The soul Rawlings gets out of that old archtop floors me every time.
Molly fits within this group of players … as does Billy Strings. I love watching YouTube of these two playing together – mostly how they watch each other and get these huge smiles as the other crafts beautiful solos, for example …