work by 'Golden Age' illustrator Kay Nielson 1886 -1957
Friday, February 28, 2020
Weekend!
It's been a hard week, all the more reason to have an excellent rejuvenating weekend. See you bright and early Monday morning.
work by 'Golden Age' illustrator Kay Nielson 1886 -1957
work by 'Golden Age' illustrator Kay Nielson 1886 -1957
Risk
Axios: Federal Reserve: Coronavirus poses "evolving risk" to the economy by Courtenay Brown
"The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy."
Polarized
Scientific American: Today's Biggest Threat: The Polarized Mind - To counter it, we call for a mobilization of mindfulness practices and dialogue groups on the scale of a public works program for human civility By Kirk J. Schneider, Sayyed Mohsen Fatemi
The polarized mind is the fixation on a single point of view to the utter exclusion of competing points of view, and it has caused more human torment and misery than virtually any other factor.
Corona Beer Vs Coronavirus
CNN: The spread of the coronavirus couldn't have come at a worse time for Corona beer By Jordan Valinsky
5W Public Relations said that 38% of Americans wouldn't buy Corona "under any circumstances" because of the outbreak (Coronavirus), and another 14% said they wouldn't order a Corona in public.
In Italy
If you can translate this from Italian to English do so.
milano.corriere.it: Coronavirus, l’ospedale di Cremona: «Abbiamo 18 malati gravi, mancano i posti in Rianimazione»
milano.corriere.it: Coronavirus, l’ospedale di Cremona: «Abbiamo 18 malati gravi, mancano i posti in Rianimazione»
Prepare
Washington Post: How to prepare for coronavirus in the U.S. (Spoiler: Not sick? No need to wear a mask.)
The CDC recommends washing with soap and water for at least 20 seconds after using the bathroom, before eating and after blowing your nose or sneezing. It also advises not to touch your eyes, nose and mouth and to clean objects and surfaces you touch often.
Bill McKibben On Global Warming
The New York Review Of Books: A Very Hot Year by Bill McKibben
Exxon, for instance, got the problem right: one of the graphs their researchers produced predicted with uncanny accuracy what the temperature and carbon dioxide concentration would be in 2019.
Essentially, we need to electrify everything we do, and produce that electricity from the sun and wind, which are now the cheapest ways to produce power around the world.
Panic
NY Times: Global Stock Sell-Off Intensifies Over Coronavirus Crisis - European and Asian indexes plunged on Friday. Wall Street was poised for another downbeat open. By Amie Tsang
Panic in the stock market over the spreading coronavirus continued into a seventh day, with shares in Asia and Europe tumbling and the United States set for another steep decline.
The Market On Friday
Good morning. At 9:00 a.m. ET DOW futures are -232 and the price of oil per barrel is down. The market is poised to open significantly lower. Hold onto your hats.
CNN: $3.4 trillion has been wiped out of the stock market in a week Analysis by Matt Egan
CNN: $3.4 trillion has been wiped out of the stock market in a week Analysis by Matt Egan
Thursday, February 27, 2020
Himself - Of Course
Washington Post: Trump keeps his coronavirus news conference focused on one high-risk patient: Himself By Aaron Blake
“We really think we’ve done a great job in keeping it down to a minimum...And again, we’ve had tremendous success — tremendous success, beyond what people would have thought...We’re doing great. Other countries have not been doing great...So far, we’ve done a great job.”
Virus
Washington Post: Live updates: Fears grow of a coronavirus pandemic as markets stumble again; Japan shuts schools By Adam Taylor and Rick Noack
...despite signs that the outbreak may be easing in China.
Virus Update
NY Times: Coronavirus Live Updates: New Cases Light Up the Map as Nations Brace for Outbreaks - The pathogen has now invaded 47 countries, with California and Germany recording the first cases with no obvious source of transmission. U.S. stocks had a depressed opening, losing about 2 percent, in an echo of general losses in European and Asian markets.
The fight to contain the coronavirus entered a new and potentially alarming phase on Thursday as public health officials in the United States and Germany grappled with patients who exhibited no known connection to others with the illness.
Trumpvirus
NY Times: Let’s Call It Trumpvirus - If you’re feeling awful, you know who to blame. By Gail Collins
Our president had to be going crazy over a problem that involves both declining stock prices and germs. This is the guy, after all, who thinks shaking hands is “barbaric,” who is followed around by aides bearing sanitizer.
The Market On Thursday
Good morning. At 9:35 a.m. the DOW is down -446 and the price of oil per barrel is down. Is there really any need to spell this mess out. The Coronavirus is spooking markets but good.
CNN: Now's the right time for investors to buy Chinese stocks By Paul R. La Monica
CNN: Now's the right time for investors to buy Chinese stocks By Paul R. La Monica
Wednesday, February 26, 2020
Updates
As of today there are 57 cases of people who have the virus in the US.
Axios: Live updates: Coronavirus spreads to Latin America
Axios: Live updates: Coronavirus spreads to Latin America
'Two Or Three Things I Know About Edward Hopper'
trailer - new film by director Wim Wenders on Edward Hopper.
Maybe
Another opinion.
Guardian UK: Moderates just blew their best shot to stop Bernie Sanders by Richard Wolffe
Guardian UK: Moderates just blew their best shot to stop Bernie Sanders by Richard Wolffe
Coronavirus Updates
Guardian UK: Donald Trump praises US coronavirus response while playing down impact - President to receive briefing from CDC experts on Wednesday - San Francisco declares precautionary local emergency
The head of immunization at the CDC, Nancy Messonnier, said in the absence of vaccines or medicines, officials would need to consider possible school closures and telecommuting as part of efforts to contain the spread of the disease.
Washington Post Winners And Loser
It's interesting to contrast the NY Times and Washington Post 'winners and losers' of the South Carolina Democratic debate held last night. They are both very different. I watched it and I thought it was a very good debate, there was a lot of energy and people were passionate for the most part. I think Steyer is toast and I also think mayor's Pete's time has come to exit the stage. Unfortunately, because I like her very much, it may be Amy's time to exit as well.
Washington Post: Winners and losers from the South Carolina Democratic debate By Aaron Blake
Washington Post: Winners and losers from the South Carolina Democratic debate By Aaron Blake
Winner is Warren, Biden, Bloomberg
Winners And Losers
NY Times: Winners and Losers of
the Democratic Debate By The New York Times Opinion
Bernie on top, Steyer on the bottom
The Market On Wednesday
Good morning. At 9:10 a.m. ET DOW futures are +85 and the price of oil per barrel is down. The market is poised to open moderately higher.
CNN: Global markets are slumping for a fifth straight day on coronavirus fears By Laura He and Hanna Ziady
CNN: Global markets are slumping for a fifth straight day on coronavirus fears By Laura He and Hanna Ziady
Tuesday, February 25, 2020
Unfolding Crisis
Never ever ever believe one word out of Trump's mouth. He is always lying, always.
On Monday the DOW plunged over 1,000 points and this is what Trump said -
“The Coronavirus is very much under control in the USA,” he wrote on Twitter. “We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!”
Today, on Tuesday the DOW plunged 900 points and we have this.
From the Washington Post - "The Dow Jones dived 900 points Tuesday afternoon after the CDC warned of coronavirus inevitability in the United States. “Ultimately, we expect we will see community spread in the United States,” Nancy Messonnier, a top official at the Centers for Disease Control and Prevention, told reporters. “It’s not a question of if this will happen but when this will happen and how many people in this country will have severe illnesses.”
On Monday the DOW plunged over 1,000 points and this is what Trump said -
“The Coronavirus is very much under control in the USA,” he wrote on Twitter. “We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!”
Today, on Tuesday the DOW plunged 900 points and we have this.
From the Washington Post - "The Dow Jones dived 900 points Tuesday afternoon after the CDC warned of coronavirus inevitability in the United States. “Ultimately, we expect we will see community spread in the United States,” Nancy Messonnier, a top official at the Centers for Disease Control and Prevention, told reporters. “It’s not a question of if this will happen but when this will happen and how many people in this country will have severe illnesses.”
It's Here
Washington Post: Live updates: Spread of coronavirus in U.S. appears inevitable, health officials warn; U.S. financial markets drop sharply
The Dow Jones dived 900 points Tuesday afternoon after the CDC warned of coronavirus inevitability in the United States. “Ultimately, we expect we will see community spread in the United States,” Nancy Messonnier, a top official at the Centers for Disease Control and Prevention, told reporters. “It’s not a question of if this will happen but when this will happen and how many people in this country will have severe illnesses.”
Updates
Axios: Coronavirus spreads to new countries, while U.S. confirms 57 cases
U.S. cases: There are now 57 confirmed cases in the U.S., a CDC spokesperson told Axios Tuesday afternoon. 40 are from the Diamond Princess, 3 evacuated from Wuhan, 12 travel-related, and 2 are person-to-person infections.
'Ordinary World'
Duran Duran - this song has one of the most catchy hooks of all pop tunes. The verse section unfortunately is mediocre, in my opinion.
Waking Up
NY Times: Wall Street Is (Finally) Waking Up to the Damage Coronavirus Could Do - The financial world is realizing how different this is from a trade war or other recent economic hiccups. By Neil Irwin
There remains huge uncertainty about how widely the virus will spread and how much damage it will do. But the financial world is realizing just how much is at stake — and how different this is from other recent hiccups in the global economy, notably last year’s trade war between the United States and China.
Virus Updates
NY Times: Coronavirus Live Updates: Iran’s Deputy Health Minister Tests Positive - An Italian doctor staying at a resort in the Canary Islands was also feared to have the virus. New outbreaks in Europe, Asia and the Middle East are renewing fears of a coming global pandemic.
A large hotel in Tenerife, Spain, is on lockdown.
Trump says coronavirus situation “will start working out.”
The Market On Tuesday
Good morning. At 9:20 a.m. ET DOW futures are +116 and the price of oil per barrel is down. The market is poised to open significantly higher.
CNN: Gold at a seven-year high and bond yields flirt with record lows as fear grips Wall Street By Paul R. La Monica
CNN: Gold at a seven-year high and bond yields flirt with record lows as fear grips Wall Street By Paul R. La Monica
Monday, February 24, 2020
40% To 70%
Yahoo News: Harvard scientist predicts coronavirus will infect up to 70 percent of humanity by Tim O'Donnell
Many of those people, Lipsitch clarifies, won't have severe illnesses or even show symptoms at all, which is already the case for many people who have tested positive for the virus.
Andy
Spectator: Donald Trump Politics US Politics
Andy Khawaja: ‘The whistleblower’ - Andy Khawaja is charged with campaign finance violations. He says there’s a bigger story by Paul Wood
Khawaja claims the Saudis and the Emiratis illegally paid tens or even hundreds of millions of dollars to the Trump campaign in 2016. He says that to keep it secret, they disguised the money as small donations from Americans, using stolen identities and ‘virtual credit cards’ or gift cards — donations of less than $200 do not have to be reported to the Federal Election Commission and made public.
Coronavirus
NY Times: Global Stocks Plummet Over Coronavirus Concerns - U.S. markets were expected to start the week sharply lower, following a sell-off of shares in Europe after more infections were confirmed outside China. By Keith Bradsher
Spreading coronavirus outbreaks in Italy and in South Korea over the weekend incited broad slides in global stock markets on Monday, as investors feared that the economic disruption already seen in China might affect other economies as well.
The Market On Monday
Good morning. At 9:05 a.m. ET DOW futures are -830 and the price of oil per barrel is down. The market will tank like I have never seen at the opening bell. This is easily the largest opening drop that I've ever seen and that includes the major recession of 2007 to 2008. Hold onto your hats.
CNN: Dow futures drop more than 700 points as coronavirus spreads to Italy By Julia Horowitz
CNN: Dow futures drop more than 700 points as coronavirus spreads to Italy By Julia Horowitz
Friday, February 21, 2020
Weekend!
Have an excellent weekend and see you bright and early Monday morning.
work by Romare Howard Bearden 1911-1988
work by Romare Howard Bearden 1911-1988
Bloomberg In Nevada
RollingStone: The Bloomberg Myth Explodes on Live TV - The Nevada debate offered voters vital information — including the exposure of Michael Bloomberg’s reputation for “electability” By Matt Taibb
Bloomberg stood in mute fury as his $400 million campaign investment went up in smoke.
Rohrabacher Fesses Up About Assange Pardon
Isn't this grounds for another impeachment?
Guardian UK: Former congressman confirms he told Assange that Trump would pardon him – live - Dana Rohrabacher offered pardon on Trump’s behalf, lawyers say
Guardian UK: Former congressman confirms he told Assange that Trump would pardon him – live - Dana Rohrabacher offered pardon on Trump’s behalf, lawyers say
Former congressman Dana Rohrabacher has confirmed that he told Julian Assange that Donald Trump would give him a pardon if he gave him information proving that Russians had not been the source of the leaked Democratic emails that are thought to have been part of Moscow’s campaign to swing the 2016 for Trump.
Nuttery
Washington Post: Trump bemoans South Korean film’s historic Oscars win: ‘Can we get Gone With the Wind back?’ By Allyson Chiu
The Democratic National Committee had a similar response, tweeting, “Parasite is a foreign movie about how oblivious the ultrarich are about the struggles of the working class, and it requires two hours of reading subtitles. Of course Trump hates it.”
Russia
Washington Post: Senior intelligence official told lawmakers that Russia wants to see Trump reelected By Ellen Nakashima, Shane Harris, Josh Dawsey and Anne Gearan
...Trump grew angry at his acting director of national intelligence, Joseph Maguire, in the Oval Office, seeing Maguire and his staff as disloyal for speaking to Congress about Russia’s perceived preference.
Stone
I believe Stone will not serve a single day in prison.
NY Times: Has History Finally Caught Up With Roger Stone? It May Be Up to Trump - He embraced the “dark arts” of political sabotage and trickery for decades. Now he will serve more than three years in prison, unless his friend the president bails him out. By Michael D. Shear
NY Times: Has History Finally Caught Up With Roger Stone? It May Be Up to Trump - He embraced the “dark arts” of political sabotage and trickery for decades. Now he will serve more than three years in prison, unless his friend the president bails him out. By Michael D. Shear
Read This
I am re-posting this article again on Friday. It is very important.
NY Times: Lawmakers Are Warned That Russia Is Meddling to Re-elect Trump - A classified briefing to House members is said to have angered the president, who complained that Democrats would “weaponize” the disclosure. By Adam Goldman, Julian E. Barnes, Maggie Haberman and Nicholas Fandos
NY Times: Lawmakers Are Warned That Russia Is Meddling to Re-elect Trump - A classified briefing to House members is said to have angered the president, who complained that Democrats would “weaponize” the disclosure. By Adam Goldman, Julian E. Barnes, Maggie Haberman and Nicholas Fandos
Mr. Trump has fixated on Mr. Schiff since the impeachment saga began, pummeling him publicly with insults and unfounded accusations of corruption. In October, Mr. Trump refused to invite lawmakers from the congressional intelligence committees to a White House briefing on Syria because he did not want Mr. Schiff there, according to three people briefed on the matter.
The Market On Friday
Good morning. At 8:50 a.m. ET DOW futures are -107 and the price of oil per barrel is down. The market is poised to open significantly lower.
CNN: The American farmer is on the mend By Paul R. La Monica
CNN: The American farmer is on the mend By Paul R. La Monica
Thursday, February 20, 2020
Still Wrong
NY Times: The Stone Sentence Was Fair. What Barr Did Was Still Wrong. Has the Trump Department of Justice ever asked for a lower sentence for someone who wasn’t a presidential ally? By Noah Bookbinder - Mr. Bookbinder is the executive director of Citizens for Responsibility and Ethics in Washington.
But an examination of federal sentencing processes and principles makes clear that Mr. Barr’s intervention in the Stone case is actually considerably worse than it initially appeared.
Stone
I bet he gets pardoned before he serves a single day in prison.
NY Times: Roger Stone Is Sentenced to Over 3 Years in Prison - The sentencing played out amid extraordinary upheaval at the Justice Department and a virtual standoff between the president and the attorney general. By Sharon LaFraniere
NY Times: Roger Stone Is Sentenced to Over 3 Years in Prison - The sentencing played out amid extraordinary upheaval at the Justice Department and a virtual standoff between the president and the attorney general. By Sharon LaFraniere
Winners Losers
Washington Post: Winners and losers from the Nevada Democratic debate by Aaron Blake
Winner - Bernie Sanders...Warren
Mike
NY Times: Despite His Billions, Bloomberg Busts - His rivals were ready. He was not. By Frank Bruni
But you can’t buy a debate performance, and that’s why Mike Bloomberg’s on Wednesday night mattered so much. This was the man talking, not the money.
The Debate
NY Times: Warren Leads an Onslaught of Attacks, Zeroing In on Bloomberg - The sharp exchanges in the Nevada debate reflected the urgency of the moment as Michael Bloomberg, in his first presidential debate, was repeatedly criticized in personal terms. By Alexander Burns and Jonathan Martin
Two candidates who have shied away from direct conflict in past debates, Senator Elizabeth Warren of Massachusetts and former Vice President Joseph R. Biden Jr., mounted something of a tag-team onslaught against Mr. Bloomberg, several times leaving him visibly irked and straining to respond.
The Market On Thursday
Good morning. At 9:05 a.m. ET DOW futures are -92 and the price of oil per barrel is up. The market is poised to open significantly lower.
CNN: Morgan Stanley is buying E-Trade for $13 billion By Paul R. La Monica
CNN: Morgan Stanley is buying E-Trade for $13 billion By Paul R. La Monica
Wednesday, February 19, 2020
King Shitler
Washington Post: Post-impeachment, Trump declares himself the ‘chief law enforcement officer’ of America By Toluse Olorunnipa and Beth Reinhard
“I’m actually, I guess, the chief law enforcement officer of the country..."
Irritation
NY Times: As Trump Claims to Be Law of the Land, Barr’s Irritation Builds - The president broadly asserted his authority of the criminal justice system, attacking law enforcement officials and issuing pardons. By Peter Baker, Katie Benner and Sharon LaFraniere
Mr. Trump insisted he had not directly interfered in the prosecution of advisers like Mr. Stone and Mr. Flynn, but declared again that he had the power to if he wanted and at the very least, he planned to speak out for them.
Hate
NY Times: The Audacity of Hate - Trump has a knack for turning anger and fear into political power. And for turning the volume up to 11. By Thomas B. Edsall - Mr. Edsall contributes a weekly column from Washington, D.C. on politics, demographics and inequality
More than anything, Trump intuitively understood how polarization, and with it, the intense hatred among legions of Republican voters of liberal elites and of the so-called meritocracy could be a powerful tool to win elections.
The Market On Wednesday
Good morning. At 9:00 a.m. ET DOW futures are +94 and the price of oil per barrel is up. the market is poised to open significantly higher.
CNN: Blue Apron may be up for sale as losses mount By Paul R. La Monica
CNN: Blue Apron may be up for sale as losses mount By Paul R. La Monica
The announcement came on the same day that the struggling meal-delivery service company reported its latest quarterly results. Blue Apron posted a loss of $1.66 a share -- a bigger deficit than expected...
Tuesday, February 18, 2020
Why Indeed
NY Times: Why Do My Fellow Republicans Make Excuses for Trump’s Deficits? He is driving the country to financial ruin. And his own party is letting it happen. By Mark Sanford - Mr. Sanford is a former candidate for the 2020 Republican presidential nomination.
First, despite the president’s words, financially we have never been as vulnerable as a country since the Great Depression and World War II. We have never run deficits this big in peacetime. What happens to them when the economy cools?
The Market On Tuesday
Good morning. At 9:00 a.m. ET DOW futures are -140 and the price of oil per barrel is down. The market is poised to open significantly lower.
CNN: Apple shares drop on coronavirus warning By Julia Horowitz
CNN: Apple shares drop on coronavirus warning By Julia Horowitz
Monday, February 17, 2020
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