Mar 122021
 
 March 12, 2021  Posted by at 9:46 am Finance Tagged with: , , , , , , ,


Paul Gauguin Yellow haystacks (Golden harvest) 1889

 

The New COVID-19 Relief Bill Is Good, But Not Good Enough (Jac.)
The Rights Of The Naturally Immune (AIER)
Fauci Was ‘Blind To The Harms Of The Lockdowns’ That Didn’t Work Anyway (JTN)
Advisory Committee On Pandemic Needs Variety Of Experts, Not Just Doctors (K.)
Generation Threatened As Pandemic Sets Back Childhood Development (Barrons)
Sweden’s Failed Covid Strategy Leaves The Country Deeply Divided (Peroni)
These Seven States Have Dropped All Covid-19 Restrictions (F.)
EU Investigates 30 Reports Of Blood-clotting Linked To AstraZeneca jab (RT)
New York Assembly Speaker Lays Groundwork For Cuomo Impeachment (JTN)
1000s Of Illegal Immigrant Children Penned In ‘Facilities Akin To Jails’ (JTN)
House Price Inflation in CPI is of Course Complete Baloney, But … (WS)
China Is Winning The Great 21st Century Tech War (Chang)
Journalists Start Demanding Substack Censor its Writers (Greenwald)
The Golden Question — Time vs Money (Ren.)

 

 

 

 

BIDEN: “If we do our part… by July 4, there’s a good chance you, your families, and friends will be able to get together in your backyard or in your neighborhood and have a cookout or a barbecue and celebrate Independence Day… Small groups will be able to get together”

 

 

 

 

“..the party avoided including any measures that might generate significant opposition from powerful corporate lobbies in Washington. ”

The New COVID-19 Relief Bill Is Good, But Not Good Enough (Jac.)

When Joe Biden signs the American Rescue Plan (ARP) on Friday, he will prove that the Democratic Party is finally willing — at least for a moment — to turn on the money hose and for once aim it not at Wall Street moguls, but instead at the raging wildfire of poverty and desperation incinerating the poor and middle class. That’s the very good news. The bad news is that the party’s COVID-19 relief bill also indicates that Biden might have been serious when he promised a room full of wealthy donors that nothing would fundamentally change about the macro-economy’s structure. Democrats did not use the must-pass bill to make essential, long-term changes to protect Americans against future emergencies. Instead, the party avoided including any measures that might generate significant opposition from powerful corporate lobbies in Washington.

Even worse, the ARP could make it far more difficult to enact structural changes in the health care sector that has been at the center of the pandemic and that helped make our country so uniquely unprepared for such a threat in the first place. To be sure, the package is a necessary rejection of austerity politics that have dominated Democratic politics since Bill Clinton promised in 1996 that “the era of big government is over” and since Joe Biden proudly cast himself as a deficit hawk in juxtaposition to his party’s New Deal tradition. This tectonic shift has been abrupt: When Democrats held a whopping fifty-eight Senate seats during the 2009 recession, Barack Obama listened to austerians like Lawrence Summers and passed a wholly inadequate $787 billion stimulus bill.

By contrast, with Democrats only holding fifty Senate seats amid the COVID crisis, Biden rejected Summers’s and his acolytes, and passed a $1.9 trillion bill.Biden only begrudgingly arrived at his current position. In August 2020, his campaign was telling reporters that “the pantry is going to be bare” and deficits meant “we’re going to be limited” in being able to spend any money at all. Then, in December, the New York Times reported that Biden was urging Democratic lawmakers to accept a COVID-19 aid package that included no direct aid checks at all.

After promising voters in Georgia that $2,000 checks “will go out the door immediately,” Biden quickly downgraded the amount to $1,400. The White House also entertained sharply limiting eligibility for those checks and cutting off payments to forty million Americans who received them in previous bills. (The final legislation wasn’t quite as draconian: it only penalized eleven million people.) The larger shift against this kind of austerity, then, reflects progressive pressure successfully shifting the terms of the budget debate away from the deficit scolds and away from Biden’s own previous ideology.

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Those rights are being vaccinated away. That makes the virus more dangerous.

The Rights Of The Naturally Immune (AIER)

There is an important issue that, in the midst of all the talk of vaccines, has not gotten nearly the attention it deserves: the civil rights of those who have already developed natural immunity to the SARS-CoV-2, the virus that is said to cause Covid. Yesterday, I got the results of the test I took to detect whether I had developed a T-Cell response to the virus. Like the antibody test I took almost 2 months ago, it was positive. These two things would appear to demonstrate that for all intents and purposes my body knew exactly what to do with this virus and that it probably has the equipment to dispose of it again were it, or one of its cousins, to revisit me in the near-to-medium term. And even if one or another related strain were to visit me in that future, studies suggest strongly that the attack would be considerably less virulent than the one I overcame without excessive trouble in December.

In a halfway rational world, what to do going forward in regard to getting a vaccine for the SARS-CoV-2 virus would be something I’d discuss with my doctor in the discreet quarters of the examination room. Were it to be offered, I would politely refuse it. And he, seeing the test evidence in my file, would raise no objection. And since the danger to me in the future from the virus is minuscule, and the science has clearly borne out what Fauci and Maria Van Kerkhove of the WHO flatly said was true before someone upstairs got to them—that asymptomatic transmission of respiratory diseases of this type is virtually nonexistent—I’d be free to live my life as I pleased without a mask, and with complete freedom of movement. But instead of this, I am facing enormous pressure to get a vaccine in order to recover my basic rights as a citizen.

And even then, those in charge are saying, I will still have to run around with a completely useless, breath-robbing and personality-canceling mask on my face. And all this for a disease that, even before the introduction of vaccines, gave those infected by it a roughly 997.5 out of 1,000 chance of survival. The civil authorities have decided, in effect, that fully indemnified pharmaceutical companies, whose pasts are obscenely littered with fraud, and the calculated creation of crises in order to up revenues on their products (OxyContin anyone?), have the de facto “right” to force me to take an experimental vaccine that, in the very, very best of circumstances, will only match what my apparently well-functioning body has already given me without any side effects.

And this, while straight out telling me that even if I submit to their government-coerced medical experiment I will probably still not get my full constitutional rights back. This is an important issue that needs to be addressed much more vigorously than has been the case up until now.

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Don’t let a virologist with large ties to Big Pharma run your country for a whole year.

Fauci Was ‘Blind To The Harms Of The Lockdowns’ That Didn’t Work Anyway (JTN)

Stanford University Professor of Medicine Jay Bhattacharya has been arguing for months that coronavirus lockdowns ultimately cause far more harm than good. As a co-author of the Great Barrington Declaration, he has been advocating an alternative to the public health establishment’s comprehensively restrictive COVID-19 mitigation policies — a strategy known as “focused protection,” which would instead tailor protective measures to the elderly and other high-risk groups while minimizing harm to the larger society by allowing those at lower risk to resume a semblance of their normal lives. Now Bhattacharya and the other signatories to the declaration may have received some empirical support from an unlikely source — a little-remarked new study from the Centers for Disease Control and Prevention, the very epicenter of the pro-lockdown public health establishment.

While the study trumpets its findings of statistical correlations of mask mandates and in-person dining bans with better outcomes for coronavirus case rates and death rates, the positive effects reported were decidedly modest in scale. Bhattacharya, who spoke with Just the News earlier this week, said that despite clear evidence that “lockdowns haven’t worked to stem the pandemic,” he sees a “strange desire to continue the lockdown,” especially in the upper echelons of the federal government. In Bhattacharya’s view, Biden administration chief medical advisor Anthony Fauci and other top public health officials have failed to view the risks to a subset of the U.S. population in the indispensable context of risks to the larger population produced by drastic mitigation policies like socially and economically stultifying lockdowns that blanketed much of the country over the past year.

“Part of the problem for Dr. Fauci,” Bhattacharya said, “is that he is blind to the harms of the lockdown … He seems not to understand that the lockdown creates all kinds of physical problems, psychological problems, harms that I’ve never seen him talk about.” Among the issues to which Bhattacharya alludes are rises in child abuse, depression, and divorce rates. Not to mention the large swaths of the American economy that have been decimated, and countless small businesses that will never reopen. Many of the pandemic restrictions didn’t “actually have any effect on slowing the pandemic or protecting people,” Bhattacharya asserted. “They were just indiscriminate closures that essentially protected the ‘Zoom class’ — the people who could afford to stay at home — while exposing the working class, other poor people and the vulnerable.”

[..] Beyond mask mandates (which he has previously said do not work to slow the spread of the disease) and restaurant closures, though, Bhattacharya says that the “single biggest problem” America is going to see as a result of a year of lockdowns “is the harm to children.” “There’s one estimate that the closure of schools will cause almost five and a half million life years lost to our children,” he said. “That’s because, if you’re less well-educated, you live a less healthy life, you live a less long life, it has this ripple effect that lasts forever.”

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From Greece. Dysfunctional.

Advisory Committee On Pandemic Needs Variety Of Experts, Not Just Doctors (K.)

The existing committee of experts advising the government on the pandemic must reshape to add experts from different research disciplines instead of one to become more efficient, according to a professor on Friday. Manolis Dermitzakis, professor of genetics at the University of Geneva, told Skai television that, in the first wave of the pandemic, the decisions for the committee were simple. It only had to decide whether some activities should open or close, while the public largely complied with the restrictive measures. But the complexity of the situation as the pandemic continued from the summer onwards was so great that a commission which includes only doctors could not function.


Dermitzakis also argued that the panel must have fewer members. “A committee that has 30-40 members and consists only of doctors cannot function,” he said. “It is a moment when we have to say that this committee is tired, perhaps it has passed the point where it can function. Maybe some of its members could continue to be useful, but what is needed is interdisciplinarity, that is, many different experts and a fewer people – five not 30.” Dermitzakis also said he supported the reopening of schools, stores and outdoor eating venues.

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“The number of children who are hungry, isolated, abused, anxious, living in poverty and forced into marriage has increased..”

Generation Threatened As Pandemic Sets Back Childhood Development (Barrons)

Closed schools, surging poverty, forced marriages and depression — after a year of the pandemic, indicators measuring child and adolescent development have all regressed, a setback that heralds lasting stigma for an entire generation, UNICEF has warned. “The number of children who are hungry, isolated, abused, anxious, living in poverty and forced into marriage has increased,” Henrietta Fore, executive director of the United Nations International Children’s Emergency Fund, said in a statement released exactly one year since the World Health Organization classified Covid-19 as a pandemic. “Their access to education, socialization and essential services including health, nutrition and protection has decreased. The signs that children will bear the scars of the pandemic for years to come are unmistakable,” Fore said in the statement.


Faced with such “devastating” effects, Fore urged for children to be placed “at the heart of recovery efforts,” particularly by “prioritizing schools in reopening plans.” UNICEF cited a series of worrying figures in support of Fore’s words. While the pandemic has taken a heavy toll on the elderly, children and adolescents under 20 make up 13 percent of the 71 million coronavirus cases reported in the 107 countries that provided age-specific data. In developing countries, projections show a 15 percent increase in child poverty. Six to seven million more children could suffer from malnourishment in 2020, an increase of 14 percent that could translate to more than 10,000 additional deaths per month, mainly in sub-Saharan Africa and South Asia.

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‘opinion corridor’

Sweden’s Failed Covid Strategy Leaves The Country Deeply Divided (Peroni)

Sweden, a bastion of welfare and one of the countries that scores highest on pretty much anything to do with the wellbeing of its inhabitants, seems to have woken up to a serious identity crisis.The choice to adopt and follow a COVID-19 strategy unlike any other in Europe has recently led to an extreme polarization in an otherwise rather homogenous public debate. Statistics prove beyond a shadow of doubt that the other Scandinavian countries, which enforced much stricter policies, have suffered considerably fewer losses. Sweden’s state epidemiologist Anders Tegnell, who firmly opposed face masks and believed that measures should rely only on the Swedish people’s sense of personal responsibility, enjoyed overwhelming support in the early phases of the crisis.

Fan pages, mostly on Facebook, counted tens of thousands of members. His face featured on T-shirts, gadgets and even a tattoo, worn on the arm by one of his proudest admirers. The alluring message that Sweden’s approach was right and everybody else’s self-isolation regime was hopelessly wrong reached well beyond the nation’s borders. In other European countries, staunch critics of lockdowns pointed at footage of happy, bare-faced Swedes hanging out in crowded bars as evidence that the draconian measures imposed elsewhere were an unnecessary violation of civil rights. The Swedish model became a symbol for anti-lockdown and no-mask movements across the world. But now, one year after the first cases of COVID-19 were detected in Scandinavia, the situation has changed dramatically.

Sweden’s Public Health Agency recently announced that several among its key figures have been granted police protection. Tegnell himself is currently enduring massive criticism and even death threats. In one instance, a citizen went so far as to argue that he should be “executed by a firing squad on live state television”. And yet, despite the fact that both King Carl XVI Gustaf and prime minister Stefan Löfven in December publicly acknowledged that the Swedish approach had failed, Tegnell has never retracted anything, let alone made an official apology. Until very recently, an astounding, near total lack of criticism, not only from public opinion but even from major opposition parties, characterised Sweden’s COVID. This might be due to the so-called åsiktskorridor (‘opinion corridor’). This is a Swedish concept meaning that the public debate tends to take place within certain limits, along an established path. Those who disagree, often choose not to speak out. They feel out of tune with the rest of society.

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Inevitable.

These Seven States Have Dropped All Covid-19 Restrictions (F.)

Oklahoma became the latest to lift virtually all Covid-19 restrictions on Thursday, bringing the total number of states that have chosen to fully reopen—despite warnings from public health officials—to seven, with a number of others also moving in that direction.

Oklahoma: Gov. Kevin Stitt (R) said he will be signing an executive order on Friday that will roll back his few remaining coronavirus restrictions, removing limits on events and public gatherings, as well as the state-wide mask mandate (the state averaged 643 cases and 23.9 deaths each day over the past week).

Wyoming: Gov. Mark Gordon (R) announced March 8 that the state would repeal its statewide mask mandate and allow “bars, restaurants, theaters and gyms to resume normal operations” on March 16, but stipulated face masks will remain mandatory inside the state’s schools (the state averaged 7,343 cases and 1.3 deaths each day over the past week).

Texas: The largest state to remove all restrictions, Gov. Greg Abbott (R) announced on March 2 that Texas would be nixing its mask mandate and allowing businesses to reopen “100%” this Wednesday, banning jurisdictions from implementing local mask mandates unless they meet certain hospitalization metrics (the state averaged 4,909 cases and 189.9 deaths each day over the past week).

Mississippi: Gov. Tate Reeves (R) also decided to drop the state’s mask mandate and all Covid-19 restrictions on March 2, with the limits lifted the next day (the state averaged 396 cases and 14.6 deaths each day over the past week).

Montana: Gov. Greg Gianforte (R) announced the end of Montana’s mask mandate on Feb. 12, removing the last of the state’s restrictions, though some local jurisdictions have kept face covering requirements in place (the state averaged 129 cases and 2 deaths each day over the past week).

North Dakota: The state opted not to renew its mask mandate, first enacted in November, when it expired in January 2021, ending North Dakota’s restrictions (the state averaged 78 cases and 0.4 deaths each day over the past week).

Iowa: Gov. Kim Reynolds (R) ended the last of the state’s restrictions, the mask mandate issued in November 2020, in early February (the state averaged 481 cases and 14.4 deaths each day over the past week).

All seven of the states that have fully reopened are run by Republican governors. A number of other states have also significantly rolled back restrictions this month, but haven’t gone as far as the above states in eliminating both statewide mask mandates and limits on businesses. Connecticut and West Virginia, for example, have both lifted limits on most businesses, but kept their mask mandates, with Connecticut Gov. Ned Lamont (D) noting: “This is not Texas, this is not Mississippi.” South Carolina has dropped some of its mandatory mask requirements, though the state never had a full mandate, and Arkansas Gov. Asa Hutchinson (R) said he will remove his state’s mask mandate if hospitalizations rates and test positivity is below a certain threshold when it’s set to end on March 31.

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“thromboembolic events.”

EU Investigates 30 Reports Of Blood-clotting Linked To AstraZeneca jab (RT)

The European Medicines Agency (EMA) said on Thursday that it was investigating after two people inoculated from the same batch of AstraZeneca Covid-19 vaccine died from blood clotting and several countries stopped using the jabs. The inquiry comes after Iceland, Norway, Denmark, Estonia, Lithuania, Luxembourg and Latvia all suspended their rollouts of the AstraZeneca vaccine over fears that they may induce blood clotting – known medically as “thromboembolic events.” “There is currently no indication that vaccination has caused these conditions, which are not listed as side effects with this vaccine,” the EMA said in a statement, adding that its own risk assessment committee was investigating the matter.


As of March 10, there were 30 cases of thromboembolic events reported out of the 5 million people to have received the AstraZeneca jab so far in the European Economic Area, the EMA said in an update on Thursday. The agency also stressed that the vaccine’s “benefits continue to outweigh its risks.” A 60-year-old woman in Denmark died from blood clotting after she received an AstraZeneca jab from batch ABV5300, Danish newspaper Jyllands-Posten reported on Thursday. On Wednesday, it was reported that a 49-year-old nurse in Austria who was vaccinated from the same batch died from multiple thrombosis 10 days after her jab. Another woman in Austria was hospitalized with a pulmonary embolism after she received one of the batch’s 1 million doses that were sent to 17 different EU countries.

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Drip.

New York Assembly Speaker Lays Groundwork For Cuomo Impeachment (JTN)

The speaker of New York’s state Assembly has asked that its Judiciary Committee begin an investigation into Gov. Andrew Cuomo, which would be the first in moving toward an impeachment of the Democratic governor. Speaker Carl Heastie, a Democrat, during a closed-door meeting strongly recommended launching the probe during a private meeting of select Assembly Democrats, and again during a meeting of the entire party conference, multiple sources told The New York Post. Heastie said the committee should examine the accusations that Cuomo groped and sexually harassed several female aides and his administration’s alleged cover-up of the total number of nursing home deaths from COVID-19, at least one of the sources told the newspaper.

The news report came after New York City Mayor Bill de Blasio on Thursday called for Cuomo, a fellow Democrat, to resign after a sixth woman accused him of sexual misconduct. “It is disgusting to me,” de Blasio said during a press conference. “He can no longer serve as governor. It’s as simple as that. Anna Ruch, a former Biden 2020 campaign worker, told The New York Times this month that the governor made unwanted sexual advances toward her after they met at a wedding in New York City in 2019. She also accused Cuomo, 63, of kissing her without her permission, even as she tried to pull away. Ruch said the encounter left her “confused and shocked and embarrassed.” Another accuser, Charlotte Bennett, a former Cuomo aide, alleges that the governor inquired about her sex life and asked her whether she would be amenable to a relationship with an older man.

And another former aide, Lindsey Boylan, said Cuomo “made inappropriate comments about her appearance, kissed her without her consent at the end of a meeting and once suggested they play strip poker while aboard his state-owned jet,” the Associated Press reported. Three more women have made similar allegations. The latest woman said the governor groped her last year at the executive mansion after she had called there to do some work. She said she was alone with the governor in the mansion when he “closed the door and allegedly reached under her blouse and began to fondle her,” a source told the Albany Times Union. The incident has not been corroborated.

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Where is the press? Where is AOC?

1000s Of Illegal Immigrant Children Penned In ‘Facilities Akin To Jails’ (JTN)

The Biden administration has reportedly penned thousands of illegal immigrant children in federal facilities following a massive surge of immigration at the southern U.S. border — a striking reversal from the anguished immigration rhetoric of the Biden-Harris campaign, which mourned it as a “national shame” when “children are locked away in overcrowded detention centers and the government seeks to keep them there indefinitely.” Immigration officials are reportedly holding more than 3,200 migrant children, many of them in “facilities akin to jails,” according to the New York Times. Multiple media outlets reported that many of the detained children were being held past the statutory deadline for such detainment, and in shelters that were originally built to house adults.

The detention crisis comes as border patrol agents have been contending with a major surge of illegal immigration activity along the southern border. According to U.S. Customs and Border Patrol’s most recent statistics, the U.S. Border Patrol logged 285,217 “encounters” at U.S. borders through January of fiscal year 2021. That’s roughly 70% of the total for all of fiscal year 2020 in just three months. The Border Patrol claimed last week that the agency is on track to arrest a “record number” of immigrant sex offenders this year. Agents in Laredo, Texas, meanwhile, have multiple times this month apprehended over one hundred illegal immigrants over short periods of time.

Much of the surge is likely driven by immigrants hoping the Biden administration will show leniency toward immigrants seeking entry into the country and/or asylum. During his presidential campaign, Biden famously criticized the Trump administration’s relatively tough immigration policy, vowing a more compassionate approach to dealing with both legal and illegal immigrants. The current mass detention of child immigrants, on the other hand, presents a sobering challenge to both the Biden administration and to immigration advocates who hoped for a major shift under Biden in how the U.S. deals with illegal entries across the southern border.

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CPI is of Course Complete Baloney, But

House Price Inflation in CPI is of Course Complete Baloney, But … (WS)

For most Americans, housing costs are the largest item in their budget, ranging from 30% to 60% of their total monthly spending. In its Consumer Price Index (CPI) for February, released yesterday, the Bureau of Labor Statistics reported that the costs of homeownership (which the BLS calls “Owner’s equivalent rent of residence”) have increased by just 2.0% from a year ago, and that rents (“rent of primary residence”) have increased by 2.0%. They’re the biggest items among the 211 items in the CPI basket and together account for about one-third of overall CPI. They play a huge role in CPI. So… Rent inflation of 2.0% year-over-year on average across the US might be roughly on target, from what I can see in other rental data. But homeowner’s inflation of just 2.0%, given the skyrocketing home prices? Ludicrous. In its latest release, the Case-Shiller National Home Price index jumped by 10.4%.


This discrepancy between home price increases and the CPI for homeowners – which has for years contributed to understating the overall CPI – is depicted in the chart of the Case-Shiller National Home Price Index (red line) and the CPI for “owner’s equivalent rent of residence” (black line). I set the homeowners CPI at 100 for January 2000 to match the Case-Shiller index, which is set by default at 100 for January 2000. This allows you to see the progression of both indices on the same axis. The “owner’s equivalent rent of residence” accounts for 24.2% of CPI. If it had increased by 10.4%, in line with the Case-Shiller index, instead of 2.0%, the overall CPI would have increased by 2.03 percentage points more. So add the 2.03 percentage points to the reported overall CPI increase of 1.7%. And the thus corrected overall CPI would have shot up by 3.7%!

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The real WWIII?

China Is Winning The Great 21st Century Tech War (Chang)

At the ongoing “Two Sessions” in Beijing, the Communist Party has publicly told us how it will accomplish its ambitious goal. If the Chinese ruling party succeeds, the rest of the 21st century will be painted only in shades of red. Fortunately, America is beginning to mobilize itself. Americans, however, need to act, immediately. Tech is the real arms race of our era. On March 5, at the annual meeting of the National People’s Congress, China’s rubber-stamp legislature, Premier Li Keqiang announced the 14th Five-Year Plan, which begins this year. China, pursuant to the plan, will increase spending 7% per year to achieve “major breakthroughs” in areas of “frontier technology.” Specifically, the country, will devote resources to artificial intelligence; quantum information; semiconductors; brain science; genomics and biotech; clinical medicine and health; and deep space, deep sea, and deep earth.


Moreover, Beijing is also talking about the Sci-Tech Innovation 2030 Agenda and the Long-Range Objectives Through the Year 2035. Officials are silent when it comes to Xi Jinping’s now-notorious Made in China 2025 initiative — the plan is on its face a violation of the country’s trade obligations — but there is no question that the effort remains underway nonetheless. China is going all-in on what Wang Zhigang, the head of the Ministry of Science and Technology, called the development of a “new ecology” for innovation. In that ecology, China has been able to lead the world in important areas, such as “unhackable” quantum communications. Moreover, the country is not far behind — if it is behind at all — in quantum computing and artificial intelligence.

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Glad I have a platform.

Journalists Start Demanding Substack Censor its Writers (Greenwald)

On Wednesday, I wrote about how corporate journalists, realizing that the public’s increasing contempt for what they do is causing people to turn away in droves, are desperately inventing new tactics to maintain their stranglehold over the dissemination of information and generate captive audiences. That is why journalists have bizarrely transformed from their traditional role as leading free expression defenders into the the most vocal censorship advocates, using their platforms to demand that tech monopolies ban and silence others. That same motive of self-preservation is driving them to equate any criticisms of their work with “harassment,” “abuse” and “violence” — so that it is not just culturally stigmatized but a banning offense, perhaps even literally criminal, to critique their journalism on the ground that any criticism of them places them “in danger.”

Under this rubric they want to construct, they can malign anyone they want, ruin people’s reputations, and unite to generate hatred against their chosen targets, but nobody can even criticize them. Any independent platform or venue that empowers other journalists or just ordinary citizens to do reporting or provide commentary outside of their repressive constraints is viewed by them as threats to be censored and destroyed. Every platform that enables any questioning of their pieties or any irreverent critiques of mainstream journalism — social media sites, YouTube, Patreon, Joe Rogan’s Spotify program — has already been systematically targeted by corporate journalists with censorship demands, often successfully.

Back in November, the media critic Stephen Miller warned: “It’s only a matter of time before the media tech hall monitors turn their attention to Substack.” And ever since, in every interview I have given about the success of Substack and every time I have written about journalist-led censorship campaigns, I have echoed that warning that they would soon turn their united guns on this platform. Miller’s prediction was prompted by a Columbia Journalism Review article entitled “The Substackerati” which claimed that Substack was structurally unfair because “most” of “the most successful people on Substack” are “white and male; several are conservative” and “have already been well-served by existing media power structures.”

All of that was false. The most-read and highest-earning writer on Substack is Heather Cox Richardson, a previously obscure Boston College History Professor who built her own massive readership without ever working at a corporate media outlet. And the writers that article identified in support of its claim — Matt Taibbi, Andrew Sullivan, Matt Yglesias and myself — do not remotely owe our large readerships to “existing media power structures.”

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“My grandfather would get home from work [and the family]… would sit around the dinner table, and have a conversation”, says Skoyles. “Nobody can be making money from that. Maybe they’d sit and listen to the radio…[which is]…something that’s already been paid for. Nobody can really be making any more money from that.”

The Golden Question — Time vs Money (Ren.)

In a capitalist society the pressure people have to do more, quickly, runs up against a number of problems. As Jan Skoyles acknowledges, the ‘time is money’ paradigm not only inhibits the creative process but, perhaps counter-intuitively, also undermines efficiency: “I think we see that often with governments”, says Skoyles. “They have a four or five year window. They think they have to achieve things quickly [but]…actually nothing’s really achieved in the end….We also have to think about how our time is becoming increasingly an economic activity…Even when we’re in our homes people can be using our time for their own financial gain.” Skoyles illustrates how much more economic value is extracted from the technologically more advanced societies of today compared to the traditional, stable ‘nuclear families’ of the past:

“My grandfather would get home from work [and the family]… would sit around the dinner table, and have a conversation”, says Skoyles. “Nobody can be making money from that. Maybe they’d sit and listen to the radio…[which is]…something that’s already been paid for. Nobody can really be making any more money from that. Now we’ll get home from work, we’ll sit around the table, we’ll hopefully have a conversation, but nine times out of ten someone’s got their phone out.” Consequently, data companies, advertisers, websites and Amazon are all making money [on the back of it]. “You’re constantly being advertised to and listened to and so our time is actually becoming increasingly valuable. But at the same time more and more decisions are being made for us which have a bigger impact”, claims Skoyles.

As the analyst acknowledges, with reference to Brexit, this comes with not only financial but also health costs: “People are stressed — that’s money in itself. So I think ‘time is money’ is definitely becoming more and more of an economic concept than I think it’s ever been.” A capitalist system that’s wrapped up in an ethos in which time and money increasingly overlap and which the notion of being busy is fetishized, imbues a sense of guilt for those who are not busy. Skoyles explains the phenomenon with reference to the ‘new mum’ perspective: “Everyone works more than an eight hour day. But if you had a full time job beforehand and then you go to looking after this little baby and it needs you, the fact that you’re focused on one thing — which to many people that’s the most important job in the world — but.. you feel quite guilty that that’s all you’ve been doing all day.”

Read more …

 

 

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Home Forums Debt Rattle March 12 2021

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  • #71009

    Paul Gauguin Yellow haystacks (Golden harvest) 1889   • The New COVID-19 Relief Bill Is Good, But Not Good Enough (Jac.) • The Rights Of The Natu
    [See the full post at: Debt Rattle March 12 2021]

    #71010
    V. Arnold
    Participant

    Paul Gauguin Yellow haystacks (Golden harvest) 1889

    Georgeous…
    Keep it up with the art Ilargi; sanity needs islands of tranquillity…

    #71011
    Mister Roboto
    Participant

    A tweet from Caitlin Johnstone yesterday: It’s crazy how the US was all ‘Yeah we’re shutting down all the jobs cuz of Covid so you won’t have any money. Uhhh… good luck I guess.’

    #71012
    Basseterre Kitona
    Participant

    ‘opinion corridor’

    • Sweden’s Failed Covid Strategy Leaves The Country Deeply Divided (Peroni)

    Excuse me? As of today, Sweden’s death rate has dropped to virtually zero thus by the only measure that really matters then Sweden has been an exceptionally astounding success. Link to WHO regarding situation in Sweden:

    https://covid19.who.int/region/euro/country/se

    Sweden is only a “failure” if the goal was to herd everybody into poisonous vaccines.

    As for the opinion corridor, sounds similar to the Overton Window. but I’d suggest that maybe many Swedes are keeping quiet about their governments policy’s because they are actually enjoying the relative success of the reasonably limited government response to virus hysteria, especially compared to most of the rest of the world.

    #71013

    Sweden’s deaths yesterday: 34. That’s not virtually zero. Total deaths over 13,000. Quite lot for a country of 10 million people. Greece, also 10 million, has about half that.

    #71014
    WES
    Participant

    Time is money.

    Working in Africa I quickly learned that time is money.
    They had the time and I had the money!

    #71015
    Mr. House
    Participant

    “Sweden’s deaths yesterday: 34. That’s not virtually zero. Total deaths over 13,000. Quite lot for a country of 10 million people. Greece, also 10 million, has about half that.”

    I’ll believe all this after an investigation has been conducted. PCR test cycles, how long each person died after being diagnosed, what other complications they were suffering from and so on.

    #71016
    Mr. House
    Participant

    #metoo couldn’t derail Biden, but just as Cuomo is about to be investigated with regards to the black plague all these women suddenly come forward, uh huh

    #71019
    zerosum
    Participant

    Glad I have a platform.
    • Journalists Start Demanding Substack Censor its Writers (Greenwald)

    This is an information war waged by corporate media to silence any competition or dissent.
    Glenn Greenwald
    “Any independent platform or venue that empowers other journalists or just ordinary citizens to do reporting or provide commentary outside of their repressive constraints is viewed by them as threats to be censored and destroyed. Every platform that enables any questioning of their pieties or any irreverent critiques of mainstream journalism — social media sites, YouTube, Patreon, Joe Rogan’s Spotify program — has already been systematically targeted by corporate journalists with censorship demands, often successfully.”
    (real problem:
    diversion of advertising dollars)

    ——
    Home work

    Biomass Spectrum
    http://www.pnas.org/content/116/43/21616
    Linking scaling laws across eukaryotes

    Figure 1: The biomass spectrum. Each dot represents an observation for a species. Color indicates the major taxa. Data is from Hatton et al., Linking scaling laws across eukaryotes. I’ve left out plants, which lie slightly off the trend for the other taxa. I’ve also added my own estimates for the abundance of humans and blue whales.
    ( capitalaspower.com/2020/09/what-if-the-government-is-just-another-firm-part-1/ )
    (To be able to post, I removed https://)

    #71020
    zerosum
    Participant

    Many Opinions on performance
    – Coach pep talk

    President Joe Biden delivered his first prime-time address last night since the beginning of his ‘unity’ reign.
    https://www.zerohedge.com/political/obey-biden-outlines-post-pandemic-dystopia-dark-hopeless-first-address

    #71022
    zerosum
    Participant

    Act of war

    https://www.zerohedge.com/geopolitical/iranian-container-ship-hit-explosives-mediterranean
    Islamic Republic of Iran Broadcasting (IRIB) reports explosives hit an Iranian container ship in the Mediterranean.

    Sputnik News reports an Iranian state shipping firm says the containership was damaged in a “terrorist attack.”

    #71023
    madamski
    Participant

    “Moreover, Beijing is also talking about the Sci-Tech Innovation 2030 Agenda and the Long-Range Objectives Through the Year 2035. ”

    I doubt there will be a China as we know it by 2035. It will balkanize just like the USA will and Europe alwahs has.

    #71024
    Mr. House
    Participant

    If cuomo goes down, he should do the only thing he’d prob ever do right in his life and pull the rug out from under this bullshit. More and more this crap feels like book of revelations stuff, and i’m not even religious.

    “Woe to you, oh Earth and Sea, for the Devil sends the beast with wrath
    Because he knows the time is short…
    Let him who hath understanding reckon the number of the beast
    For it is a human number
    Its number is Six hundred and sixty six”

    I left alone, my mind was blank.
    I needed time to think, to get the memories from my mind

    What did I see?
    Can I believe that what I saw that night was real and not just fantasy

    Just what I saw in my old dreams
    Were they reflections of my warped mind staring back at me?

    ‘Cause in my dreams it’s always there
    The evil face that twists my mind and brings me to despair

    The night was black, was no use holding back
    ‘Cause I just had to see, was someone watching me
    In the mist dark figures move and twist
    Was all this for real, or just some kind of hell?

    666 the number of the beast
    Hell and fire was spawned to be released

    Torches blazed and sacred chants were praised
    As they start to cry hands held to the sky
    In the night the fires are burning bright
    The ritual has begun, Satan’s work is done

    666 the number of the beast
    Sacrifice is going on tonight

    This can’t go on, I must inform the law
    Can this still be real or just some crazy dream?
    But I feel drawn towards the chanting hordes
    They seem to mesmerise…
    Can’t avoid their eyes

    666 the number of the beast
    666 the one for you and me

    I’m coming back
    I will return
    And I’ll possess your body and I’ll make you burn
    I have the fire
    I have the force
    I have the power to make my evil take its course

    #71025
    generic
    Participant

    Home insurance costs are how I experience inflation. Recently, I read that home insurance costs were rising at about 4 to 5 percent annually. The insurance prices follow home prices. So I suppose that home insurance cost inflation is going to at least double soon. I expect homelessness to increase dramatically as well. The Federal Government and the Federal Reserve appear determined to exterminate a great many citizens.

    That chart of organism abundance versus mass is quite useful. If we take the black best-fit line as optimal, the “human average” abundance is about 100 times the optimum abundance. That is about right provided that the environmental footprint of individual humans isn’t excessive. Perhaps the government is using this chart for economic policy determination.

    #71026
    Dr. D
    Participant

    “to turn on the money hose and for once aim it not at Wall Street moguls, but instead at the raging wildfire of poverty and desperation incinerating the poor and middle class.”

    Ah Jacobean, usually you do so well. I mean, true to your own logic and beliefs, which I appreciate. But it’s 90% money for not-Covid. All money for Blue despair blew-our-budget states, extracting that said money from equally or poorer flyover states. Unless we think NY is poorer than South Dakota.

    So after a long march with both sides taking turns we reach nirvana and now directly give money to voters, and directly give money from their party to my party, the minute one side takes over. …And that’s the end of democracy, since in that case, you can’t allow the other side to win, ever, and have no consensus, no authority to rule. That’s strangely what the WINNNING party just did this time, investigating, arresting, and removing GOP from Congress down to someone who was having a picnic in the wrong town and their credit card appeared on that cell tower. Okey doke. But you won’t like what comes after. China won’t care since any civil war will allow them to influence and colonize the U.S., or else die.

    And now Biden moves from attacking women everywhere to attacking Democrats. Because they were all the new gun owners over the last year, not the Right.

    “In a halfway rational world,”

    Yes, but the WHO, administration, media, etc are all violently anti-science. If you’re for science and reason, logic, you will be soon arrested. It’s #Logos, our sole enemy. The Way, the Word and the Light. The Tao if you prefer. That which goes with the flow and doesn’t violently waste energy fighting the inevitable force so much larger than them.
    But you knew this was going to stop the minute AIER wrote the words “Rights.” Our enemy, destroyed wherever found. You have none. You are not human. Submit or die.

    “He seems not to understand that the lockdown creates all kinds of physical problems, psychological problems, harms”

    He understands just fine, but he LIKES them. He LOVES them. He thinks NY, with the worst outcomes in the world, and Cuomo, who may be arrested for killing 15,000 people, are the BEST, the model to follow. He said so himself many times. What’s to not understand? He likes it, he wants it, he praises it, he recommends it. Certain death, which has now in fact come to pass like any moron could always tell it would. He’s not embarrassed at all; he’s quite proud of himself as anyone can see. So just tell the truth. It’s not that hard if you try.

    “1000s Of Illegal Immigrant Children Penned In ‘Facilities Akin To Jails’ (JTN)”

    Where is the press and AOC? They LIKE it. Clearly. As above. If they didn’t like it they would say something. What’s so hard here?

    There’s much more as drug money and human sex trafficking have exploded thanks to the new model. They like this too, or they would speak against it. Jen Psaki likes it so much she giggles with joy when asked. Me? I don’t care for 13-year olds to be raped blind in the desert that much. Joe says I shouldn’t be mean like that. Maybe it’s their culture, like concentration camps he said, and we should be tolerant, all ways being equal. To me it’s just law. Natural Law.

    “Journalists Start Demanding Substack Censor Its Writers (Greenwald)”

    They’re already dead, thank God. NYT and others gave personal advice yesterday to stop reading anything, anywhere, on any subject, and refer to Google, Wikipedia, NY Times, and other known, serial liars. Of the sort that joyfully got us into the Iraq war and killed 6 million brown people in 20 years. They’re the only voices you should trust. You know they’re true because they said it. And if they didn’t say it, it’s not true. So simple, so ignore your eyes and ears of collapsing nation and mass murder and listen close.

    Speaking of lies and liars, Dore was following top Blue Tweets, shown to be bot-accounts paid for by the DNC. The funders are Google, Wal-Mart, etc, so clearly grassroots “resistance”. No wonder his top enemies for being paid-$50k-to-tweet were Bernie and Gabbard. AntiWar. Aside from Truth, Law, and Logos, the only other enemy is #Peace.

    ““white and male; several are conservative”

    Of course this is the standard of truth. Obviously, it’s exclusively the color of your skin, like Dr. King always dreamed. Greenwald doesn’t bother to point out that he’s gay, half are women, others are direct children of immigrants. Because, –GASP!—“Some” are conservative. …Brothers — I mean, non-gendered people who may or may not identify as humans (wish I were kidding) — comrades, really, that’s all you need to know. Someone on a site, is “linked” to someone who is linked to someone who we-claim-without-asking is “conservative” “Far-right” in fact (there is no “right”, ONLY “far-right”) …Because they’re journalists and interviewed them once. End discussion.

    Kidding? Not. Daryl Davis, black musician, anti-racist reformer of KKK members, is banned from speaking by AntiFa due to being “Far Right”, because he was the keynote speaker for a Center-Left Korean Journalist, Tim Pool. In an act of pure love and tolerance for influential black reformers, they said they intended to bomb Davis and Pool in the theatre. You know those jazz musicians, invariably far right. Other targets include the first black Supreme Court Justice removed from Amazon. During Black History Month.

    There is no possible satire for a nation this removed from reason. This is #AntiLogos in action: Reason itself is our enemy.

    “In a capitalist society the pressure people have to do more, quickly,”

    Why? We were capitalist before Rome. Seemed to be a lot of time through all those ages. Native Americans here were likewise “capitalist” with family responsibilities going back to the last Ice Age, yet it was noteworthy how much free time and free-dom they had. So much that captured white people invariably refused to return to the Colonies and King. So WHY is this happening again? It’s not capitalism, and it’s relatively new, since 1971. Look closer.

    “Words are sacred.”

    They are. That’s why the first attack is on words, their meaning, and therefore on logic, on reason itself. Until even “man” and “woman” don’t exist and are confused. All things are opposite, war is peace, and “They call good evil and evil good” as predicted.

    “Sweden’s death rate has dropped to virtually zero.” Proof. Nobody cares. Because it’s facts, it’s data, it’s science, it’s true.

    “It’s crazy how the US was all…”

    The U.S.? I mean, yes, we’re low in the category, but every other nation did quite the same. We’re also ignoring the shutdown and work anyway under a spectrum of wild excuses. The rich work at home, nice and safe, uninterrupted. The poor work cleaning toilets and die.

    “In the US, they have protected the “non-essential” class from COVID, while exposing the essential working class to the disease.”

    Endless cheers! Pure love! We demand this never, ever end. Even if a single (rich, entitled, white) life can be saved. 9 out of 10 Faucis agree. Until they change their mind an hour later. Because he avows he has no idea! Poster child for “Often wrong but never in doubt.”

    #71027
    madamski
    Participant

    As for platforms: our very dependence on what we call “platforms” undoes us.

    I have built numerous email clubs in my time. They all fail because they require some kind of egalitarian involvement to survive, and most people want to ‘turn it on and turn themselves off’.

    Real communication about real issues is demanding, even terrifying stuff. It’s like Bonnie sang about the communication we call erotic love:

    Tangled and Dark

    Gonna get into it, babe
    Down where it’s tangled and dark
    Way on into it, baby
    Down where your fears are parked
    Gonna tell the truth about it, babe
    Honey, that’s the hardest part
    When we get through it, baby
    You’re gonna give up your heart
    Gonna get into it, baby
    Gonna give them demons a call, babe
    Way on into it, baby
    Gonna find out once and for all
    Gonna get a little risky, baby
    Honey, that’s my favorite part
    When we get through it, baby
    Gonna give up our hearts
    Gonna give up our hearts
    Well, there’s no turnin’ back
    No turnin’ back this time
    Well, there’s no turnin’ back
    No turnin’ back
    No use in runnin’
    It’s always the same
    You can count on the panic
    It’s the faces that change
    We might have a chance
    To get this love off the block
    So take a deep breath
    Let’s look under that rock, now baby
    Gonna get into it, baby
    Down where it’s tangled and dark, no, no, baby
    Way on into it, baby
    Down where your fears are parked
    Gonna tell the truth about it, baby
    Honey, that’s the hardest part
    When we get through it, baby
    You’re gonna give up
    If we get through it, baby
    You’re gonna give up, you’re gonna give up
    When we get through it, baby
    You’re gonna give up your heart
    Gonna give up your heart
    Gonna give up your heart
    Ooh babe, gonna give up
    You’re gonna give up, you’re gonna give up
    Gonna give up, gonna give up your heart
    Hey baby, gonna give up, gonna give up
    Gonna give up, gonna give up
    Gonna give up your heart
    (end)

    Most of us cannot fess up the personal truth when needed but we expect people in power to do the same. We get the leaders we deserve. Of course 8 billion homo sapiens are making a mess of things. Only reason we expected otherwise is because we’re all so busy lying to ourselves and each other. TOp down, bottom up, side to side, in and out…

    #71029
    Dr. D
    Participant

    “Even The Banks Are Bailing Now: Dealers Dump Record Amount Of Treasurys”

    I was going to add on this. I don’t know the Bond market/Dollar direction. So how do I know it’s a problem?

    Think of the bond market as a structure the size of California. I don’t need to know which direction it moves to know that when the San Andreas slips it will cause damage. Any direction will do. And it breaks anything nearby as we’ve been seeing, or seeing the preparations being set up. Keeping with the metaphor, when SanFran went down in 1906, the problems and insurance payouts collapsed the market.

    #71030
    Mr. House
    Participant

    “The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”

    Frank Zappa

    #71031
    phoenixvoice
    Participant

    Amusing animation which relates to Greenwald’s article

    #71037
    madamski
    Participant

    “Keeping with the metaphor, when SanFran went down in 1906, the problems and insurance payouts collapsed the market.”

    And now, vice-versa.

    #71043
    zerosum
    Participant

    Coach Biden will be repeating his ra-ra-ra speech more than once for those with senior moments.

    #71055
    WES
    Participant

    I see Cuomo says women are to be seen, but not heard!

    So the NY democrats are going to try (pretend) and impeach Cuomo for liking women too much but not for mass murdering 15,000 people. Priorities!

    All of this is being organized by Obama to eliminate a threat,the Cuomo.

    #71057
    WES
    Participant

    Dr D:

    An earthquake is indeed hitting the US bond market!

    It looks as if the Fed is not going to extend the SLR exemption for banks pass March 31!

    This is forcing the banks to sell any extra US bonds they currently hold above what their current capital allows them to hold. So the current run up in interest rates is likely just a temporary short term adjustment, before they resume their downward slope into negative interest rates (NIRP).

    In normal times, when a bank receives a dollar they can create 10 dollars out of thin air and lend it to their customers. That is how our fraudulent fractional fiat banking system normally works. Up until now any large amounts of “corporate US cash” has always been able to find a “safe home” in US bonds or US banks. With the recent huge expansion of US government new money printing, there is now suddenly going to be no “safe home” for the trillions of newly created but “trapped US cash”!

    I think Yellen is trying to artificially limit the banks ability to do fractional banking. Her plan likely entails trying to trap a large amount of “corporate US cash” that can no longer find a “safe home” in US bonds nor in US banks. The idea is to force this “trapped US cash” to go further out on the tree limb where the risks are higher, just as we peons have already been forced to sit.

    I still suspect this is part of Yellen’s secret plan to unofficially introduce “nominally” negative interest rates.
    She cannot introduce NIRP officially because the commodity markets would immediately go into permanent “backwardization”, providing a new home for the “trapped US cash” which she does not want to happen.

    I think the key takeaway is that Yellen is trying to limit the ability of the US banks to absorb (lend) all of the US government’s future “new” money printing.

    This would put the US banks into a position where they would have to start refusing increasingly new large US cash deposits by their large “corporate” customers, or run afoul of their bank capitalization ratios.
    To discourage large “corporate” US cash deposits, US banks would have to charge negative interest rates on large cash deposits. Shortly afterwards they will extend negative interest rates (NIRP) to our bank deposits too. That is how she plans to trap all of our cash, new and old, into her NIRP plan.

    Yellen’s plan is to reduce the costs of borrowing for the US government to below zero. In other words instead of the US government paying us to borrow money, now we are going to be paying the US government “dearly” to borrow our money!

    This is the New Normal or Great Reset!

    Now you know why congress is no longer worried about deficit spending! The more they borrow, to spend money they don’t have, the less it costs them! Their borrowing costs will constantly decrease no matter how much they borrow or spend! The power of negative compounding at work! The world’s 8th greatest wonder!

    Hallelujah! Utopia is finally reached for politicians!

    We are now however, reduced to Russian serfs.

    #71069
    Mister Roboto
    Participant
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