May 062020
 


Harris&Ewing Less taxes, more jobs, US Chamber of Commerce campaign 1939

 

Now-Dominant Strain Of Coronavirus Could Be More Contagious Than Original (LAT)
New Mutation Indicates That Coronavirus Might Be Weakening (NYP)
Coronavirus Started Infecting People Globally Late Last Year (Hill)
UK COVID-19 Death Toll Rises Above 32,000, Highest In Europe (R.)
Pseudo-Science Behind The Assault On Hydroxychloroquine (ZH)
Goat and Pawpaw ‘Test Positive’ For COVID19 In Tanzania (AlJ)
Pennsylvania Woman Jailed For Refusing To Quarantine After Positive Test (Hill)
White House To Wind Down Coronavirus Task Force, Focus Shifts To Aftermath (R.)
UK Government ‘Using Pandemic To Transfer NHS Duties To Private Sector’ (G.)
K Street Requests Taxpayer Bailout Of Corporate Lobbyists (IC)
US Airlines Burn Through $10 Billion A Month As Traffic Plummets (R.)
After The Covid Rush: Brace For America’s Version Of Saudi Aramco (Cox)
Bluetooth Inventors See Problems For Coronavirus Contact Tracing (IC)
French Beekeepers Look To Lockdown Exit To Sell Bumper Honey Harvest (R.)
Did The Mueller Team Violate Brady and Flynn Orders? (Turley)
China Fires Entire Propaganda Team: US Media Already Does Their Job (BB)

 

 

• US #coronavirus deaths rise by 2,333 in 24 hours: Johns Hopkins

 

 

 

Cases 3,744,765 (+ 82,494 from yesterday’s 3,662,271)

Deaths 258,884 (+ 6,137 from yesterday’s 252,747)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer

 

 

From SCMP:

 

 

From COVID19Info.live:

 

 

 

 

I was reading two things (first two articles in this overview): 1) that a new dominant corona strain appears more contagious, and 2) that it is a weakening strain. Now, that makes perfect sense, it’s a trade-off that’s ubiquitous in nature: when a virus becomes more contagious, it kills fewer of its new hosts. That way the death number remains the same, and enough potential hosts remain.

But that’s not necessarily what people see. The LA Times seems to expect the opposite: “The Los Alamos study does not indicate that the new version of the virus is more lethal than the original.”

It’s of course possible that a more contagious strain is also more lethal, but it wouldn’t seem to be the more logical chain of events.

Now-Dominant Strain Of Coronavirus Could Be More Contagious Than Original (LAT)

Scientists have identified a new strain of the coronavirus that has become dominant worldwide and appears to be more contagious than the versions that spread in the early days of the COVID-19 pandemic, according to a new study led by scientists at Los Alamos National Laboratory. The new strain appeared in February in Europe, migrated quickly to the East Coast of the United States and has been the dominant strain across the world since mid-March, the scientists wrote. In addition to spreading faster, it may make people vulnerable to a second infection after a first bout with the disease, the report warned.

The 33-page report was posted Thursday on BioRxiv, a website that researchers use to share their work before it is peer-reviewed, an effort to speed up collaborations with scientists working on COVID-19 vaccines or treatments. That research has been largely based on the genetic sequence of earlier strains and might not be effective against the new one. Scientists with major organizations working on a vaccine or drugs to combat the coronavirus have told The Times that they are pinning their hopes on initial evidence that the virus is stable and not likely to mutate the way the influenza virus does, requiring a new vaccine every year. The Los Alamos report could upend that assumption.

The mutation identified in the new report affects the now-infamous spikes on the exterior of the coronavirus, which allow it to enter human respiratory cells. The report’s authors said they felt an “urgent need for an early warning” so that vaccines and drugs under development around the world will be effective against the mutated strain. In many places where the new strain appeared, it quickly infected far more people than the earlier strains that came out of Wuhan, China, and within weeks it was the only strain that was prevalent in some nations, according to the report. The new strain’s dominance over its predecessors suggests that it is more infectious, according to the report, though exactly why is not yet known.

The coronavirus, known to scientists as SARS-CoV-2, has infected more than 3.5 million people around the world and caused more than 250,000 COVID-19 deaths since its discovery late last year. The report was based on a computational analysis of more than 6,000 coronavirus sequences from around the world collected by the Global Initiative for Sharing All Influenza Data, a public-private organization in Germany. Time and again, the analysis found the new version was transitioning to become dominant.

[..] The Los Alamos study does not indicate that the new version of the virus is more lethal than the original. People infected with the mutated strain appear to have higher viral loads. But the study’s authors from the University of Sheffield found that among a local sample of 447 patients, hospitalization rates were about the same for people infected with either virus version. Even if the new strain is no more dangerous than the others, it could still complicate efforts to bring the pandemic under control. That would be an issue if the mutation makes the virus so different from earlier strains that people who have immunity to them would not be immune to the new version.

Read more …

If it would follow SARS, it would die out completely. But that’s a long way away, and wishful thinking.

New Mutation Indicates That Coronavirus Might Be Weakening (NYP)

A new coronavirus mutation discovered by Arizona researchers mirrors a change that occurred as the 2003 SARS virus began to weaken, the researchers announced. Lead study author Dr. Efrem Lim, an assistant professor at Arizona State University’s Biodesign Institute, and his team use a new technology called next-generation sequencing to rapidly read through all 30,000 chemical letters of the SARS-CoV-2 genome, or genetic code. That technology helps researchers determine how the virus is spreading, mutating and adapting over time. Out of the 382 nasal swab samples the researchers examined from coronavirus patients in the state, a single sample was missing a significant chunk of its genome. 81 of the letters were permanently deleted, according to the new study published in the Journal of Virology.

“One of the reasons why this mutation is of interest is because it mirrors a large deletion that arose in the 2003 SARS outbreak,” Lim said in a statement. During the middle and late phases of the 2003 SARS epidemic, the virus accumulated mutations that lessened its strength, according to the researchers. “Where the deletion occurs in the genome is pretty meaningful because it’s a known immune protein which means it counteracts the host’s antiviral response,” Lim told the Daily Mail. A weakened virus that causes less severe symptoms may get a leg up if it is able to spread efficiently through populations by people who don’t know they are infected, the scientists say. However, it’s too soon to say whether the novel coronavirus is beginning to lose its potency, according to the researchers.

“The takeaway is that one virus had a large deletion which demonstrates that it is possible for the virus to transmit without having complete portions of its genetic material,” study co-author Matthew Scotch said in an email. “This was one virus and we do not suggest that this means a ‘weakening’ of any kind.” All of the patients whose samples the Arizona scientists analyzed had some clinical coronavirus symptoms — meaning that even the version with 81 deletions was still strong enough to make the patient at least somewhat sick, the Mail reported. This is the first time such a deletion has been seen in the 16,000 coronavirus genomes that have been sequenced to date, according to the researchers. That’s less than half a percent of the strains circulating, according to the scientists. There are about 3.6 million confirmed COVID-19 cases worldwide. “This is a drop in the bucket,” Lim told the Mail.

Read more …

This would be a less contagious strain.

Coronavirus Started Infecting People Globally Late Last Year (Hill)

The coronavirus has been circulating among people since late 2019 and appears to have experienced a highly rapid spread after the first infection, according to a new genetic analysis of 7,600 patients around the world. Researchers in Britain wrote in a report published Tuesday in the journal Infection, Genetics and Evolution that they examined samples taken at different times and from different places, concluding that the virus first began infecting people late last year. The researchers found evidence of quick spread but found no indication that it is becoming any easier to transmit the virus, which was first identified in Wuhan, the capital of China’s Hubei province, in December 2019.


“The virus is changing, but this in itself does not mean it’s getting worse,” genetics researcher Francois Balloux of the University College London Genetics Institute told CNN. The study indicated that infections in the U.S. and Europe specifically could have occurred weeks or months before the first official cases were reported in January and February, making it more difficult to find “Patient Zero” in any particular area. The findings shot down hopes from some doctors that the virus had in fact been circulating under the radar for months before it burst onto the scene, which would have indicated that there could be some immunity already built up. But Balloux told CNN at most only 10 percent of the population has been exposed to the coronavirus.

Read more …

I was wondering why the numbers are so different, but one thing at least is that numbers for the UK, which includes Scotland and Northern Ireland, do not include Scotland and Northern Ireland. Curious.

And then there’s more: the UK appears to undercount deaths by some 20,000.

UK COVID-19 Death Toll Rises Above 32,000, Highest In Europe (R.)

More than 32,000 people in the United Kingdom have died with suspected COVID-19, the highest official toll yet reported in Europe, according to data published on Tuesday. The Office for National Statistics said 29,648 deaths had taken place as of April 24 in England and Wales with COVID-19 mentioned in death certificates. Including deaths for Scotland and Northern Ireland, the official toll now stands at 32,313. That is more than Italy, previously Europe’s worst hit country, though its toll does not include suspected cases. Ministers dislike comparisons of the headline death toll, saying that excess mortality – the number of deaths from all causes that exceed the average for the time of year – is a more meaningful metric.

 

Chris Giles is economics editor at the FT.

Read more …

The case of the “whistleblower”, Rick Bright, is strongly linked to HCQ.

Pseudo-Science Behind The Assault On Hydroxychloroquine (ZH)

Hydroxychloroquine (HCQ) was accepted as a COVID-19 treatment by the medical community in the US and worldwide by early April. 67% of the US physicians said they would prescribe HCQ or chloroquine CQ for COVID-19 to a family member (Town Hall, 2020-04-08). An international poll of doctors rated HCQ the most effective coronavirus treatment (NY Post, 2020-04-02). On April 6, Peter Navarro told CNN that “Virtually Every COVID-19 Patient In New York Is Given Hydroxychloroquine.” This might explain decrease in COVID-19 deaths in the New York state after April 15. The time lag is because COVID-19 deaths happen on average 14 days after showing symptoms. But on April 21, several perfectly coordinated events took place, attacking HCQ’s use for COVID-19 patients.

• The COVID-19 Treatment Guidelines Panel of the National Institute of Health issued recommendations with negative-ambivalent stance regarding the use of HCQ as a COVID-19 treatment. This surprising stance was taken contrary to the ample evidence of the efficacy and safety of HCQ and despite absence evidence of its harm. The panel also strongly recommended against the use of hydroxychloroquine with azithromycin (AZ), the combination of choice among practitioners.

• On the same day, a paper (Magagnoli, 2020) was posted on a pre-print server medRxiv, insinuating that HCQ is not only ineffective, but even harmful. This not-yet peer reviewed paper, by unqualified authors with conflicts of interest, received wall-to-wall media coverage, as it if were a cancer cure. It used data from Veterans Administration hospitals, spicing its effects. The paper has shown to be somewhere between junk science and fraud.

• Rick Bright, a government official who was probably more responsible for the low level of preparedness to the epidemic than most others, and had been re-assigned to a lower position earlier, emerged as a “whistleblower.” He claimed he had been demoted for opposing hydroxychloroquine, the claim to be soon debunked by documents bearing his signature. The media also gave him a wall-to-wall coverage.

On April 24, the FDA struck its own blow, issuing a stern warning against use of HCQ for COVID-19 treatment. While these warnings are not binding to doctors, they do produce a chilling effect. Consequently, either patients do not receive necessary treatment, or they receive it with a delay, sharper decreasing its effect. This allows detractors to question HCQ efficacy even more aggressively. Below, I review problems in the NIH COVID-19 Treatment Guidelines and other sources, used to wage anti-HCQ propaganda.

Read more …

Not sure if laughing is the best reaction here.

Goat and Pawpaw ‘Test Positive’ For COVID19 In Tanzania (AlJ)

Tanzania’s President John Magufuli has dismissed imported coronavirus testing kits as faulty, saying they returned positive results on samples taken from a goat and a pawpaw. Magufuli made the remarks during an event in Chato in northwestern Tanzania on Sunday. He said there were “technical errors” with the tests. The president, whose government has already drawn criticism for being secretive about the coronavirus outbreak and has previously asked Tanzanians to pray the coronavirus away, said he had instructed Tanzanian security forces to check the quality of the kits. They had randomly obtained several non-human samples, including from a pawpaw, a goat and a sheep, but had assigned them human names and ages.

These samples were then submitted to Tanzania’s laboratory to test for the coronavirus, with the lab technicians left deliberately unaware of their origins. Samples from the pawpaw and the goat tested positive for COVID-19, the president said, adding this meant it was likely that some people were being tested positive when, in fact, they were not infected by the coronavirus. “There is something happening. I said before we should not accept that every aid is meant to be good for this nation,” Magufuli said, adding the kits should be investigated.

On Saturday, Magufuli announced that he had placed an order for a herbal treatment for the coronavirus touted by the president of Madagascar. “I have already written to Madagascar’s president and we will soon dispatch a plane to fetch the medicine so that Tanzania can also benefit from it,” he said. The herbal remedy, called “Covid Organics” and prepared by the Malagasy Institute for Applied Research, is made out of Artemisia, a plant cultivated on the Indian Ocean island of Madagascar. Despite a lack of scientific evidence, President Andry Rajoelina of Madagascar claimed that the remedy has already cured some Madagascans of COVID-19. Children returning to school have been required to take it.

Read more …

We can neatly divide the country, if not the world, according to people’s reaction to this.

Problem is even if she wasn’t tested at all, she could still be positive.

Pennsylvania Woman Jailed For Refusing To Quarantine After Positive Test (Hill)

A Pennsylvania woman was jailed over the weekend for refusing to quarantine after testing positive for COVID-19, officials said Saturday. Erie County President Judge John Trucilla ordered that the woman be kept on electronic monitoring at home for at least a week after she spent a night in jail Friday for repeatedly violating her isolation order, the Erie Times-News reported. County Solicitor Richard Perhacs said the woman, who was unidentified at her Saturday court hearing, attended a party, did some banking and had her vehicle repaired after she tested positive. As a result, 27 people are now in quarantine after coming in contact with her or someone who was in contact with her.

The woman reportedly cried throughout the emergency proceeding as she appeared via a video call from the Erie County Prison, according to the news outlet. She told Trucilla that she did not understand a letter she signed on April 29 saying the county could take legal action if she did not self-isolate. “I want to explain from the bottom of my heart that I apologize,” she told the judge, according to the Times-News. “It was a mistake. I’ve learned from my actions. I want to go home.” Trucilla ruled in a preliminary order that she had to remain at home until she was tested again on Friday but said she could be jailed for longer if she violated the order again. The judge will determine whether her self-isolation period needs to be extended based on that test.

County officials said they explained the letter to her multiple times. The woman first developed symptoms on April 12 and said Saturday that she was no longer experiencing them. Erie County Chief Public Defender Pat Kennedy, who represented the woman, requested she be electronically monitored at her home. “Based on my interaction with her, I don’t think that day in jail was lost upon her,” Kennedy said, according to the news outlet.

Read more …

Shouldn’t Fauci and Birx simply resign? Or do they agree with the re-opening?

White House To Wind Down Coronavirus Task Force, Focus Shifts To Aftermath (R.)

The White House coronavirus task force will wind down as the country moves into a second phase that focuses on the aftermath of the outbreak, President Donald Trump said on Tuesday. Trump confirmed the plans after Vice President Mike Pence, who leads the group, told reporters the White House may start moving coordination of the U.S. response on to federal agencies in late May. “Mike Pence and the task force have done a great job,” Trump said during a visit to a mask factory in Arizona. “But we’re now looking at a little bit of a different form and that form is safety and opening and we’ll have a different group probably set up for that.” Asked if he was proclaiming “mission accomplished” in the fight against the coronavirus, Trump said, “No, not at all. The mission accomplished is when it’s over.”

Trump said Anthony Fauci and Deborah Birx, doctors who assumed a high profile during weeks of nationally televised news briefings, would remain advisers after the group is dismantled. Fauci leads the National Institute of Allergy and Infectious Diseases and Birx was response coordinator for the force. “We can’t keep our country closed for the next five years,” Trump said, when asked why it was time to wind down the task force. More than 70,000 people in the United States have died from COVID-19, the respiratory illness caused by the virus. The U.S. death toll is the highest in the world. Trump acknowledged there might be a resurgence of the virus as states loosen the restrictions on businesses and social life aimed at curbing its spread. “It’ll be a flame and we’re going to put the flame out.”

Earlier, Pence said Trump was starting to look at Memorial Day on May 25 as the time to shift management of the response to the pandemic. [..] Health and Human Services Secretary Alex Azar and Food and Drug Administration chief Stephen Hahn said the Trump administration was committed to accelerating the search for a vaccine, with the goal of producing 100 million doses by the autumn and 300 million doses by the end of the year. “Whether that can be achieved or not, it is realistic,” said Azar. “We would not be doing this if we did not think it were realistic. Is it guaranteed? Of course it is not.” Most experts have suggested clinical trials to guarantee a vaccine is safe and effective could take a minimum of 12 to 18 months.

Read more …

The government is intentionally doing such a shitty job, might as well let the for-profit boys do it.

UK Government ‘Using Pandemic To Transfer NHS Duties To Private Sector’ (G.)

The government is using the coronavirus pandemic to transfer key public health duties from the NHS and other state bodies to the private sector without proper scrutiny, critics have warned. Doctors, campaign groups, academics and MPs raised the concerns about a “power grab” after it emerged on Monday that Serco was in pole position to win a deal to supply 15,000 call-handlers for the government’s tracking and tracing operation. They said the health secretary, Matt Hancock, had “accelerated” the dismantling of state healthcare and that the duty to keep the public safe was being “outsourced” to the private sector. In recent weeks, ministers have used special powers to bypass normal tendering and award a string of contracts to private companies and management consultants without open competition.


Deloitte, KPMG, Serco, Sodexo, Mitie, Boots and the US data mining group Palantir have secured taxpayer-funded commissions to manage Covid-19 drive-in testing centres, the purchasing of personal protective equipment (PPE) and the building of Nightingale hospitals. Now, the Guardian has seen a letter from the Department of Health to NHS trusts instructing them to stop buying any of their own PPE and ventilators. From Monday, procurement of a list of 16 items must be handled centrally. Many of the items on the list, such as PPE, are in high demand during the pandemic, while others including CT scanners, mobile X-ray machines and ultrasounds are high-value machines that are used more widely in hospitals.

Read more …

Not sure I can fully incorporate the irony involved here.

K Street Requests Taxpayer Bailout Of Corporate Lobbyists (IC)

K Street may soon have its own taxpayer-funded bailout. Industries as varied as oil refining, construction, fast food restaurants, and chemical manufacturing are seeking federal cash to support their lobbyists in Washington, D.C. Many of the largest lobbying forces are organized under the 501(c)(6) section of the tax code as trade groups. Corporations with similar concerns pool their money together to fund trade groups, which in turn employ thousands of lobbyists to shape elections and legislation on a daily basis. But the Paycheck Protection Program, the centerpiece of the small business rescue program, excluded such trade groups. That could change in the next round of stimulus legislation, which Congress is scheduled to debate later this month.


Lobbyists have stepped up a campaign to make sure professional influence peddlers are eligible for the PPP, or P3, funds. The push also includes a demand for an additional $25 billion for canceled events and other lost revenue from the coronavirus pandemic. The American Society of Association Executives, which represents trade group leadership, explained in a letter to lawmakers that trade group lobbyists need federal funding to better advocate for their clients. “These organizations are already relied upon to help coordinate federal resources to combat the coronavirus pandemic, and they require staff to fulfill this duty,” ASAE wrote. Trade groups, the ASAE letter notes, have faced declining revenue as corporations wind down dues payments and sponsorship fees in response to the economic downturn.

Read more …

So many sectors of the economy are entire bubbles, and we’re going to bail them all out.

US Airlines Burn Through $10 Billion A Month As Traffic Plummets (R.)

U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead of a U.S. Senate hearing on Wednesday. Even after grounding more than 3,000 aircraft, or nearly 50% of the active U.S. fleet, the group said its member carriers, which include the four largest U.S. airlines, were averaging just 17 passengers per domestic flight and 29 passengers per international flight. “The U.S. airline industry will emerge from this crisis a mere shadow of what it was just three short months ago,” the group’s chief executive, Nicholas Calio, will say, according to his prepared testimony.


Net booked passengers have fallen by nearly 100% year-on-year, according to the testimony before the Senate Commerce Committee. The group warned that if air carriers were to refund all tickets, including those purchased as nonrefundable or those canceled by a passenger instead of the carrier, “this will result in negative cash balances that will lead to bankruptcy.” Separately, Eric Fanning, who heads the Aerospace Industries Association, will ask Congress to consider providing “temporary and targeted assistance for the ailing aviation manufacturing sector,” in testimony made public by the group. Boeing Co said last week it would cut 16,000 jobs by the end of the year, while GE Aviation plans to cut up to 13,000 jobs and airplane supplier Spirit AeroSystems Holdings Inc is cutting 1,450 jobs.

Read more …

So much for competition as a model.

After The Covid Rush: Brace For America’s Version Of Saudi Aramco (Cox)

Calamity creates opportunity. That has always been true when it comes to corporate consolidation. Recall how a series of mega-mergers and acquisitions transformed the banking industry after the 2008 financial panic. Wells Fargo snagged Wachovia. Bank of America scooped up Merrill Lynch. Lloyds TSB bought HBOS. BNP Paribas grabbed Fortis. JPMorgan got Washington Mutual and Bear Stearns. And so on. Before the coronavirus has taken its full physical and economic toll, expect more of the same. Strong banks ate the weak, and they were chivvied along by federal and state governments and regulators worried about the sustainability of their financial systems. Governments will play a central role now, too.

Even before the Great Lockdown, leaders were calling for relaxation of antitrust restrictions as a response to the emergence of stronger Chinese competitors. France and Germany railed against the European Commission blocking the merger between the rail businesses of Siemens and Alstom, complaining it would give Chinese giant CRRC free reign. President Donald Trump has tried to encourage telecom mergers to combat Huawei. These concerns have only become more pronounced as China appears to have rebounded from the virus more rapidly than the rest of the world. The political logic of protecting domestic companies through strategic alliances will apply after the pandemic and across a broad range of industries.

Governments will come away from Covid-19 with new priorities, ranging from safer, more domestic, manufacturing and supply chains to less risky balance sheets. If history rhymes, then pre-virus views about competition may take a back seat. As Edward Chancellor argued, this will lead to an unhealthy concentration of power. For the M&A business it opens all sorts of possibilities once considered taboo. Take the oil patch. Sliding demand has combined with efforts by the world’s largest producer, Saudi Arabia, to flood the market and nudge U.S. drillers toward bankruptcy. As the price of a barrel of West Texas Intermediate crude has fallen below $20 a barrel from $60 at the start of the year, producers have been lobbying Trump for a rescue.

It’s not inconceivable to imagine the largest American producers banding together to squeeze out costs and take a better grip of U.S. oil supply, maybe even aided by government loans and a streamlined regulatory process, effectively creating a potential rival to Saudi Aramco. Merging Exxon Mobil with Chevron would forge a company worth some $350 billion with 35 billion barrels of proved reserves. Heck, they might even fold in BP’s 20 billion of reserves and $75 billion market cap and “ExChevBrit”. It would be a shrimp compared to Aramco’s $1.6 trillion value and 270 billion barrels of proved barrels of oil – and that’s how they would justify a deal.

Read more …

The sytem cannot tell if you’re 2 meters or 20 meters away. Next!

Bluetooth Inventors See Problems For Coronavirus Contact Tracing (IC)

Named for the 10th century king Harald “Bluetooth” Gormsson, famous in Scandinavia for uniting (and Christianizing) the Danes, the humble, oft-derided wireless technology included in some form in nearly every portable device from the past decade and beyond is central to coronavirus contact tracing apps pushed by Apple, Google, and governments across the world. Banking on the standard’s ubiquity, and considerably improved reliability since the ’90s, these entities hope to turn billions of Bluetooth-enabled devices into an army of public health automatons that can map anyone who came into contact with someone who tests positive for Covid-19.


Although the exact plans for using Bluetooth vary between governments, the gist is simple: In order for your iPhone to connect to your friend’s Bluetooth speaker, it has to essentially shout its existence into the electromagnetic spectrum, sending repeated radio messages that announce that the device is turned on and willing to pair with another. It’s exactly these short, repeating radio wave bursts that tech companies and public health authorities hope can be used for contact tracing, by collecting an anonymized record of every Bluetooth announcement within a certain range. If one of these “HELLO, I AM BLUETOOTH!” messages ends up coming from an individual who later tests positive for Covid-19, the hope is that anyone else whose phone was able to detect that message could then be alerted and tested (or treated) accordingly.

Read more …

No-one here links the good harvest to less pollution or glyphosate. Odd.

French Beekeepers Look To Lockdown Exit To Sell Bumper Honey Harvest (R.)

Beekeepers in France are celebrating a bumper spring honey harvest after weeks of warm weather but will need a smooth unwinding of the coronavirus lockdown if they are to find a market for their produce. Down an overgrown track near the Chantilly Palace, where the James Bond film “A View to a Kill” was filmed in the 1980s, beekeeper Franck Portefaix says it could be the best season in four decades. “The blossom was almost three weeks early and the harvest is very, very good,” said Portefaix, who followed his parents into beekeeping 30 years ago. Nearby, colleagues in protective suits sprayed smoke over hives before opening them to extract the raw honey, most of which Portefaix’s business sells in markets. Temperatures in the l’Oise, north of Paris, in April hit as high as 30 degrees Celsius, more typical of early summer.


In a mediocre harvest, a beehive can produce 4-6 kg of honey, rising to 10 kg in a good harvest, but this spring Portefaix said the best performing among his 500 hives could produce up to 20 kg each. “1976 was really the year of reference, a very good year. And this year has begun much like that year. But not all beekeepers are cheering 2020. While northern and western regions of France basked in ideal April weather, prolonged dry spells hurt harvests in the south. Unfavourable weather also in the Landes region hurt acacia honey production. “With the upheaval to our climate, harvests are becoming increasingly unpredictable. It’s still early in the season, we need to temper our expectations,” said Henri Clement, a spokesman for the National Union of French Beekeeping.

Read more …

The FBI is above the law.

Did The Mueller Team Violate Brady and Flynn Orders? (Turley)

With the release of the new material from the case of Michael Flynn, an array of experts came forward to assure the public that it was all standard procedure for investigators to conclude that there was no criminal conduct uncovered and then prosecutors creating a crime (including the use of a clearly unconstitutional law never used to convict anyone since the start of the Republic). Many of these same experts who have been espousing untethered (and ultimately rejected) theories for criminal and impeachment charges for years. Yet, what was most striking is how many also rejected any claim that the undisclosed evidence, at a minimum, violated Brady, the case requiring the government to turn over exculpatory information.

Indeed, Ben Wittes, a staunch defender of James Comey, assured readers “while you might not know much about federal law enforcement,” this is all “standard practices.” In fact, this is a clear and flagrant violation of the both Brady and the orders of Judge Emmet Sullivan. The fact that such violations are also dismissed by mainstream media and experts reflects how rage has distorted legal analysis in this Administration. Brady v. Maryland is a 1963 decision of the Supreme Court that prosecutors must under the Fifth and Fourteenth amendments disclose favorable evidence to defendants upon request, if the evidence is “material” to either guilt or punishment. There are also due process rights requiring the disclosure of any evidence that would allow the defense to attack the reliability, thoroughness, and good faith of the police investigation or to impeach the credibility of the state’s witnesses. Kyles v. Whitley, 514 U.S. 419 (1995).

Courts like Judge Sullivan in the Flynn case issue standard orders under this and other cases requiring disclosure of evidence that are exculpatory or material to issues like impeachment. Many of us who work on the criminal defense side have long frustrating histories with courts in dealing with violations of Brady and other cases. Often these violations are exposed after sentencing (unlike in Flynn). Courts often cite cases like Strickler v. Greene to decline to order a new trial unless “the nondisclosure was so serious that there is a reasonable probability that the suppressed evidence would have produced a different verdict.” That is a standard that is difficult to overcome. However, this case exposes a particularly obvious set of violations.

Read more …

Babylon Bee

China Fires Entire Propaganda Team: US Media Already Does Their Job (BB)

The Chinese government has laid off its entire propaganda arm, cutting thousands of jobs at China Central Television and other state-run media outlets as the American media is already doing their job for them. “It seemed kinda redundant for us to have a state-run media when we have the American press,” said President Xi at a press conference Monday. “The American media is carrying water for us. It’s pretty incredible. We unleashed a virus on the world and lied about it for months, and the American press can’t stop praising us. As long as they make their orange leader look bad, they’ll repeat any line we feed them.”


“Really, we Commies could learn a lot from the propaganda of the press over in America,” he added admiringly. The Communist dictator sat the nervous, state-owned journalists down and asked them, “What would you say you do there?” to which they responded, “We take the propaganda and tell it to the people.” But President Xi wasn’t fooled, saying that the American press already does that and the redundancy would be eliminated. Luckily for the state-owned journalists and broadcasters who lost their jobs in China today, CNN was hiring.

Read more …

 

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A great thread, putting together lots of studies:

 

 

Taleb. People often don’t get why you need not median values but extremes, maxima, to build a good model, building, theory, policy.

EVT= Extreme value theory

 

 

 

 

Support the Automatic Earth for your own good.

 

Apr 212020
 


Ben Shahn “Scene in Jackson Square, New Orleans” 1935

 

Coronavirus’s Ability To Mutate Has Been Vastly Underestimated (SCMP)
WHO Warns That Few Have Developed Antibodies To COVID19 (G.)
LA Infections 40 Times Greater Than Known Cases In Antibody Tests (R.)
Getting A Handle On Asymptomatic SARS-CoV-2 Infection (Scripps)
Coronavirus Attacks Blood Vessel Linings All Over The Body (SCMP)
Through No Fault of Their Own (Ben Hunt)
US Economic Shutdown Too Tight For ‘Optimal’ Outcome: Minneapolis Fed (R.)
Oil’s Big Crash Is More Rational Than It Looks (R.)
US Energy Industry Steps Up Lobbying For Fed’s Emergency Aid (R.)
Mortgage Payments Paused Or Reduced For 3 Million US Households (R.)
US Treasury Releases $2.9 Billion In Airline Support (R.)
Banks Warn New Small-Business Funding Could Evaporate In 2 Days (Pol.)
NHS Staff Not Allowed To Tweet About ‘Political Issues’ – Like PPE (Ind.)
New Zealanders Donate $230,000 To Help Zoo Feed Animals (G.)
The Placeholder (Kunstler)

 

 

With test results all over the place, we need to recognize that having all the world’s top minds on viruses focused on the same issue, does not guarantee a thing. Other than confusion.

• US records 1,433 #coronavirus deaths in past 24 hours:.

 

Cases 2,498,480 (+ 79,296 from yesterday’s 2,419,184)

Deaths 171,333 (+ 5,559 from yesterday’s 165,774)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer – NOTE: among Active Cases, Serious or Critical fell to 3%

 

 

From SCMP:

 

 

From COVID19Info.live: Note: Turkey is coming on very strong.

 

 

 

 

Virustime and human time are different things.

Coronavirus’s Ability To Mutate Has Been Vastly Underestimated (SCMP)

A new study by one of China’s top scientists has found the ability of the new coronavirus to mutate has been vastly underestimated and different strains may account for different impacts of the disease in various parts of the world. Professor Li Lanjuan and her colleagues from Zhejiang University found within a small pool of patients many mutations not previously reported. These mutations included changes so rare that scientists had never considered they might occur. They also confirmed for the first time with laboratory evidence that certain mutations could create strains deadlier than others. “Sars-CoV-2 has acquired mutations capable of substantially changing its pathogenicity,” Li and her collaborators wrote in a non-peer reviewed paper released on preprint service medRxiv.org on Sunday.

Li’s study provided the first hard evidence that mutation could affect how severely the virus caused disease or damage in its host. Li took an unusual approach to investigate the virus mutation. She analysed the viral strains isolated from 11 randomly chosen Covid-19 patients from Hangzhou in the eastern province of Zhejiang, and then tested how efficiently they could infect and kill cells. The deadliest mutations in the Zhejiang patients had also been found in most patients across Europe, while the milder strains were the predominant varieties found in parts of the United States, such as Washington state, according to their paper. A separate study had found that New York strains had been imported from Europe. The death rate in New York was similar to that in many European countries, if not worse.

But the weaker mutation did not mean a lower risk for everybody, according to Li’s study. In Zhejiang, two patients in their 30s and 50s who contracted the weaker strain became severely ill. Although both survived in the end, the elder patient needed treatment in an intensive care unit. This finding could shed light on differences in regional mortality. The pandemic’s infection and death rates vary from one country to another, and many explanations have been proposed. Genetic scientists had noticed that the dominant strains in different geographic regions were inherently different. Some researchers suspected the varying mortality rates could, in part, be caused by mutations but they had no direct proof.

The issue was further complicated because survival rates depended on many factors, such as age, underlying health conditions or even blood type. In hospitals, Covid-19 has been treated as one disease and patients have received the same treatment regardless of the strain they have. Li and her colleagues suggested that defining mutations in a region might determine actions to fight the virus. “Drug and vaccine development, while urgent, need to take the impact of these accumulating mutations … into account to avoid potential pitfalls,” they said.

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Confusion reigns supreme.

WHO Warns That Few Have Developed Antibodies To COVID19 (G.)

Only a tiny proportion of the global population – maybe as few as 2% or 3% – appear to have antibodies in the blood showing they have been infected with Covid-19, according to the World Health Organization, a finding that bodes ill for hopes that herd immunity will ease the exit from lockdown. “Easing restrictions is not the end of the epidemic in any country,” said WHO director-general Dr Tedros Adhanom Ghebreyesus at a media briefing in Geneva on Monday. “So-called lockdowns can help to take the heat out of a country’s epidemic.” But serological testing to find out how large a proportion of the population have had the infection and developed antibodies to it – which it is hoped will mean they have some level of immunity – suggests that the numbers are low.

“Early data suggests that a relatively small percentage of the populations may have been infected,” Tedros said. “Not more than 2%-3%.” Dr Maria Van Kerkhove, an American infectious diseases expert who is the WHO’s technical lead on Covid-19, said they had thought the number of people infected would be higher, but she stressed it was still too early to be sure. “Initially, we see a lower proportion of people with antibodies than we were expecting,” she said. “A lower number of people are infected.” On Friday, a study carried out in Santa Clara, California by Stanford University and released as a “pre-print” without peer review, found that 50 to 85 times more people had been infected with the virus than official figures showed.

Santa Clara county had 1,094 confirmed cases of Covid-19 at the time the study was carried out, but antibody tests suggest that between 48,000 and 81,000 people had been infected by early April, most of whom did not develop symptoms. But even those high figures mean that within the whole population of the county, only 3% have been infected and have antibodies to the virus. A study in the Netherlands of 7,000 blood donors also found that just 3% had antibodies. Van Kerkhove said they needed to look carefully at the way the studies were being carried out. “A number of studies we are aware of in pre-print have suggested that small proportions of the population [have antibodies],” she said. These were “in single digits, up to 14% in Germany and France”. “It is really important to understand how the studies were done.”

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Are the antibody tests valuable?

LA Infections 40 Times Greater Than Known Cases In Antibody Tests (R.)

Some 4.1% of adults tested positive for coronavirus antibodies in a study of Los Angeles County residents, health officials said on Monday, suggesting the rate of infection may be 40 times higher than the number of confirmed cases. The serology tests, conducted by University of Southern California researchers on 863 people indicate the death rate from the pandemic could be lower than previously thought but also that the respiratory illness may be being spread more widely by people who show no symptoms. “We haven’t known the true extent of COVID-19 infections in our community because we have only tested people with symptoms and the availability of tests has been limited,” Neeraj Sood, a professor of public policy at USC and lead researcher on the study.

“The estimates also suggest that we might have to recalibrate disease prediction models and rethink public health strategies,” Sood said. At least 17 additional fatalities were recorded in Los Angeles County on Monday, bringing the total to 600, with more than 12,300 positive cases, according to a Reuters tally. The county is home to roughly 8 million people. The Los Angeles County results were announced as antibody tests come under increasing scrutiny over a high number of false positives reported in the kits. A similar study conducted in Santa Clara County last week by a Stanford University researcher has been criticized over its methodology and sample size.

New York Governor Andrew Cuomo on Sunday said health officials there would begin conducting statewide antibody testing of 3,000 people on Monday. The antibody tests, using decades-old ELISA technology, do not always pick up early-stage infections but show whether a person had the virus in the past, even if the person was asymptomatic. In comparison, the so called RT-PCR-technology swab tests used at drive-through stations and clinics across the country determine whether a person has the virus at that moment by looking for it in nose or throat secretions.

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40%? 80%? Anybody’s guess.

Getting A Handle On Asymptomatic SARS-CoV-2 Infection (Scripps)

Since human-to-human transmission of the SARS-CoV-2 virus was first confirmed in January 2020, the early identification and testing of individuals with symptoms of COVID-19 has been the primary focus of public health measures in virtually all locales affected by the pandemic. But over the last two months [1], it has become increasingly clear that a sizable proportion of individuals infected with SARS-CoV-2 do not, in fact, have any symptoms of COVID-19. This new knowledge has significant implications for the targeting and scale of our testing efforts. For reasons that are not yet known, SARS-CoV-2 infection in certain individuals appears to cause no detectable illness.

Presumably, though, because these individuals shed enough virus particles to trigger positive results in PCR testing, they may be capable of transmitting SARS-CoV-2 to others, an uncertain number of whom will develop COVID-19. Such cryptic transmission might explain the rapid spread of SARS-CoV-2 around the globe—and the grave challenge involved in containing the virus. In the studies that we have summarized in the table, the range of infection rates is wide: from 0.76% for residents of Iceland to 36% for residents of a Boston homeless shelter. It is striking, however, that the proportion of individuals who test positive for SARS-CoV-2, but who have no symptoms of COVID-19, remains consistently high: from approximately 31% to 88%, with a mean of 56%.

Because of various limitations in the summarized studies, this likely overstates the overall population mean, which some observers have suggested is around 40%. It should be noted that the summarized studies are essentially convenience samples. They do not purport to depict anything more than the circumscribed populations from which data were collected. Large, well-designed studies with representative samples are desperately needed to accurately assess the prevalence of those who are infected with SARS-CoV-2, yet are asymptomatic for COVID-19—and to determine their impact on the pandemic.

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So, blood vessel linings and testicles.

Coronavirus Attacks Blood Vessel Linings All Over The Body (SCMP)

The coronavirus attacks the lining of blood vessels all over the body, which can ultimately lead to multiple organ failure, according to a new study published in The Lancet. “This virus does not only attack the lungs, it attacks the vessels everywhere,” said Frank Ruschitzka, an author of the paper from University Hospital Zurich. He said the researchers had found that the deadly virus caused more than pneumonia. “It enters the endothelium [layer of cells], which is the defence line of the blood vessels. So it brings your own defence down and causes problems in microcirculation,” said Ruschitzka, referring to circulation in the smallest of blood vessels. It then reduces the blood flow to different parts of the body and eventually stops blood circulation, according to Ruschitzka, chairman of the heart centre and cardiology department at the university hospital in Switzerland.


“From what we do see clinically, patients have problems in all organs – in the heart, kidney, intestine, everywhere,” he said. That also explained why smokers and people with pre-existing conditions who had a weakened endothelial function, or unhealthy blood vessels, were more vulnerable to the novel virus, he said. Those underlying conditions included hypertension, or high blood pressure, diabetes, obesity and established cardiovascular disease. The study, published on Friday, found viral elements within endothelial cells, which line the inside of blood vessels, and inflammatory cells in Covid-19 patients. While the results were based on analysis of three cases, Ruschitzka said autopsies on other Covid-19 patients had also found their blood vessel linings were “full of virus” and the function of vessels was impaired in all of their organs.

Read more …

Moral hazard squared.

Through No Fault of Their Own (Ben Hunt)

“I think we all agree with you that more money for Main Street is needed. But maybe not in spite of the money to all of these companies and whatever that make up the economy, as well. More money is needed everywhere, perhaps. Why does anybody deserve to get wiped out from a crisis created like this? It’s like a natural disaster! Why does anyone deserve to be wiped out? Wouldn’t that be immoral itself?”


“Mr. Clarida also dismissed a question about whether the central bank had created a “moral hazard” that encouraged risky investor behavior when the Fed moved quickly to backstop swaths of credit markets. “This is entirely an exogenous event,” said Mr. Clarida, noting how the virus—not private-sector behavior—had forced widespread business closures and revenue losses.”

I, for one, am delighted to learn of the “Through No Fault of Their Own” exemption to stock market risk. What a relief to learn that there’s no need for the plebes to hog all of the money, that so long as investment losses are from an “exogenous event” as opposed to “private sector behavior” – whatever the hell that means – the Fed will provide unlimited amounts of money – their words, not mine – to make the rich investors whole. Could this possibly be a bad idea … some form of moral hazard … for the federal government to insure the rich investors against capital market losses by buying TRILLIONS of dollars in financial assets and providing TRILLIONS of dollars in interest-free loans liquidity facilities? You know, provided that these losses weren’t their fault. LOL.

These are exactly the same people who paid off Goldman Sachs 100 cents on the dollar with their AIG losses in 2009. You think they give a flying fuck what you think about moral hazard or precedent or optics or fairness or decency? You think these oligarchs and their CNBC/fintwit Renfields care about ANYTHING other than getting their MONEY back? Why, it would be immoral NOT to pay off the rich investors on their market losses. I mean, sure, let’s hope that Congress gets its act together and throws a bone to the poors, but c’mon, man. First things first. Besides, you wanna know the REAL moral hazard here? Wanna know what sort of immoral behavior your sociopath “leaders” are worried about encouraging?

“Claiming the relief package will encourage people to stay out of the workforce, Graham told reporters that the bill “pays you more not to work than if you were working,” noting that it would provide the equivalent of $24.07 an hour in South Carolina versus the state minimum wage of $7.25 an hour. “If the federal government accidentally incentivizes layoffs, we risk life-threatening shortages in sectors where doctors, nurses, and pharmacists are trying to care for the sick, and where growers and grocers, truckers and cooks are trying to get food to families’ tables.”‘

I am not making this up. It’s the old Welfare Queen argument, all dolled-up for the age of COVID-19. Can’t make unemployment too attractive, you know … all those good-for-nothing poors will laze at home eating bonbons and sucking on the gummint teat instead of getting off their ass and doing an honest day’s work.

Meanwhile, back at the ranch, the Big 4 airlines will be accessing tens of billions of dollars in cash grants and easy 10-year loans, all explicitly designed to support entrenched management and equity shareholders. But hey, fret not, concerned citizen! Management will be prevented from making more stock buybacks until Sept. 30, 2021. That’s a whole eighteen months of no stock buybacks, so don’t tell me that Wall Street doesn’t understand shared sacrifice. And yikes! Management will also have to get by on their current salaries for the next three years, as hard as it may be to imagine the privation and human misery that will entail.

Read more …

The middle ground between a job and a life as expressed in “..setting the “value of a statistical life” at $11.5 million..”

US Economic Shutdown Too Tight For ‘Optimal’ Outcome: Minneapolis Fed (R.)

Current U.S. economic restrictions may be twice as tough as needed to balance the risks of the coronavirus pandemic against the economic needs of workers, according to research here released on Monday by the Minneapolis Federal Reserve. Titled “Health versus Wealth,” the paper was explicit in its topic and its methodology, setting the “value of a statistical life” at $11.5 million, in line with other federal agencies like the Department of Transportation. It used that figure to analyze the trade-offs between keeping more workers idled and easing social distancing. The current restrictions, the research concluded, are shifting benefits from younger workers, who would be better off with looser rules, to older individuals for whom protection from the coronavirus is more vital.


A middle ground, with more modest restrictions left in place until the end of July, produces the “optimal” outcome, it said. “The shutdown in place is around twice as extensive as it should be,” wrote the research team, which included Minneapolis Fed monetary adviser Jonathan Heathcote and Kansas City Fed senior economist Andrew Glover. The team noted that ending the shutdown at Easter, as President Donald Trump initially hoped to do, “would have implied an additional 172,000 deaths,” more than four times the 40,000 who have died so far.As it stands, the group estimates that 418,000 people in the United States would die over the next 18 months or so if economic restrictions are largely lifted by July 1. The Trump administration has relied on estimates of around 60,000 deaths through early August.

Read more …

Oil’s Big Crash Is More Rational Than It Looks (R.)

Oil prices have gone through the floor, literally. The price of a barrel of West Texas Intermediate crude oil went negative for the first time in history on Monday as traders panicked that storage for black gold coming from the vast U.S. fields had filled to the brim. Normally, that sort of crash in one-month U.S. crude futures would be indicative of something funny going on in the market rather than something deeply disturbing. In this case, both things can be true. The immediate cause of the mayhem was the normally innocuous news that the so-called “front-month” contract for May is expiring on Tuesday. Usually, investors who want to continue to invest in oil would simply sell their soon-to-expire paper to buyers that want it right now, and then buy the June contract, with a minimal price difference between the two.

Yet with the June contract still trading at $20 a barrel, that spread is now at an unprecedented level. Plummeting demand and a lack of restraint from U.S. drillers mean that at the current rate, storage capacity in Oklahoma will be full in a few weeks, traders told Reuters. Buyers are so wary of taking delivery of crude amid what they see as a global oil glut and a storage crunch that they will only do so at murderously low prices. The optimist’s view, if such a thing is possible, is that other oil benchmarks are less bombed out, and dislocations like this could also suggest short-term investors are struggling with their trades. The similar contract for Brent crude, which reflects oil prices in Europe, fell “only” 9% to $25 a barrel on Monday.

Recent cuts led by Saudi Arabia and Russia in theory offer a coordinated reduction that will remove 10 million barrels of oil from the market daily in May and June. Critically, though, these cuts don’t start until next month. A large chunk of the promised cuts may not even materialise, and pressure on Texas regulators to limit production hasn’t transpired, suggesting there’s no regional relief in sight either. The basic problem remains that the hit to daily global oil demand from Covid-19 could be as high as 30 million barrels. If so, storage will be busted through, and prices will need to fall low enough for the market to balance. While Monday’s epic crash may represent an overshoot, it is based in reality.

Read more …

Let’s bailout shale.

US Energy Industry Steps Up Lobbying For Fed’s Emergency Aid (R.)

The U.S. energy industry has asked the Federal Reserve to change the terms of a $600 billion lending facility so that oil and gas companies can use the funds to repay their ballooning debts, according to a letter seen by Reuters. The effort comes at a time of intensifying pain for the sector as U.S. crude oil futures traded in negative territory on Monday for the first time in history on worries of massive oversupply. So far, the energy industry has largely missed out on federal support to businesses hurt by the novel coronavirus economic disruption, but it is hoping it can benefit from the Fed’s Main Street Lending Program due to launch in coming weeks. The Fed has been deluged with roughly 2,000 letters seeking changes to the rules of the program, under which the Fed will purchase 95% of eligible bank loans to small- and medium-sized businesses.


The terms of that and other federal assistance schemes are under growing scrutiny amid worries that insufficient conditions are being placed on borrowers and banks may dish out funds to companies without the greatest need for the cash. The Independent Petroleum Association of America (IPAA) asked the Fed to reconsider a provision that bars eligible borrowers from using the cash to repay other loan balances and requires borrowers to promise to repay the Fed before other debt of equal or lower priority, according to an April 15 letter seen by Reuters. “Oil and natural gas producers are not looking for a government handout; they are seeking a bridge to help survive this economic disruption,” the IPAA, which represents thousands of independent oil and natural gas producers, wrote in the letter, which has not been previously reported.

Read more …

How about renters though?

Mortgage Payments Paused Or Reduced For 3 Million US Households (R.)

Some 3 million U.S. households have won at least a measure of relief on mortgage payments as efforts to squelch the coronavirus pandemic throw millions out of work and stretch household balance sheets, a survey from the Mortgage Bankers Association showed on Monday. About 5.95% of mortgage loans were in forbearance during the survey week of April 6-12, up from 3.74% a week earlier and from just 0.25% the week of March 2, the industry lobbying group said on Monday. That increase helps builds the case for a rescue for the mortgage services industry, suggested Mike Fratantoni, MBA’s senior vice president and chief economist.


“To ensure market stability during these challenging times for consumers and the entire industry, servicers need access to interim financing so that they can continue to play this critical role,” Fratantoni said. Congress did not include any such relief in its recent $2.3 trillion stimulus package, though some top Democrats have called for it and Dallas Fed President Robert Kaplan has said he is open-minded about potentially coming to the sector’s aid. The survey covered 38.3 million loans serviced by independent mortgage companies and banks, representing about 77% of the first mortgage-servicing industry.

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Cheap air travel is a huge bubble, so yeah, bailout.

US Treasury Releases $2.9 Billion In Airline Support (R.)

The U.S. Treasury Department said on Monday it had disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger airlines, while it finalized grant agreements with six major airlines. The Treasury is initially giving major airlines 50% of funds awarded and releasing the rest in a series of payments. In total, Treasury is awarding U.S. passenger airlines $25 billion in funds earmarked for payroll costs. Major airlines must repay 30% of the funds in low-interest loans and grant Treasury warrants equal to 10% of the loan amount, while airlines receiving $100 million or less do not need to repay any funds or issue warrants to the government.


Treasury said on Monday it had finalized grant agreements with Allegiant Air, American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co, Spirit Airlines Inc, and United Airlines Holdings Inc. Air carriers have been devastated by the coronavirus pandemic and seen U.S. travel demand fall by 95%. Southwest said it would receive half of the $3.2 billion payroll award immediately and the remainder in installments during May, June and July. Separately, Treasury said Alaska Airlines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways Corp and SkyWest Airlines had also indicated that they planned to participate. The 12 major airlines represent nearly 95% of U.S. airline capacity.

Read more …

The entire US economic system is ideal for smothering small business.

Banks Warn New Small-Business Funding Could Evaporate In 2 Days (Pol.)

Lawmakers are nearing a deal to restart an emergency small-business loan program that exhausted its funding last week — but it may buy only a few days before the program screeches to a halt once again. Lenders are warning their customers they might not be able to secure loans even if Congress provides an additional $300 billion as soon as this week. Banking industry representatives say the program has a burn rate of $50 billion per day and needs closer to $1 trillion to meet demand, with hundreds of thousands of applications pending. “This is going to go within, at most, 72 hours,” said Consumer Bankers Association President Richard Hunt, who represents large banks. “But the odds are more like 48 hours.”

The legislation also likely won’t tackle controversial elements of the program’s structure, chiefly an exemption that allowed large companies such as Shake Shack and Ruth’s Hospitality Group to obtain tens of millions of dollars in loans, as well as rules that encouraged banks to favor their existing customers. The hurried rescue effort had only just begun to operate as intended when funding lapsed Thursday, after banks at first muddled through with a lack of guidance from the Trump administration and an overloaded Small Business Administration system needed to approve loans. Lenders handed out nearly 1.7 million loans from April 3 until the initial allocation of $350 billion for the program was exhausted.

Now, with controversy swirling around big companies taking advantage of the first rounds of loans, small businesses may be in for another shock with funding set to run dry again shortly after it’s made available to the program, which was set up to avert massive layoffs amid the coronavirus pandemic. The loans have proved enticing to businesses because they can be forgiven if borrowers maintain their payroll.

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The level of craziness is not always easy to comprehend.

NHS Staff Not Allowed To Tweet About ‘Political Issues’ – Like PPE (Ind.)

An NHS trust has been accused of “gagging” its staff by asking them not to tweet about “political issues” such as “PPE, testing and exit strategies”. Workers at the Norfolk and Suffolk mental health trust were issued guidance on “Covid-19 suggested subjects for tweets” as part of a staff newsletter. Acceptable tweets included praising staff for their hard work, volunteering to move departments, working over the weekend and keeping people safe. The Norfolk and Suffolk Foundation Trust faced backlash over their definition of a “political issue” after an extract from the newsletter was posted to Twitter by the Campaign to Save Mental Health Services in Norfolk and Suffolk. A spokesperson for The Norfolk and Suffolk Foundation Trust told us:


“In response to requests for guidance from our staff who are new to social media we produced guidelines to help support them. Our staff are keen to reassure the public and celebrate the work of their colleagues during the Covid-19 pandemic and these suggestions were intended to support them to do that. We actively encourage our staff to use social media within the remit of our social media policy. It was never the intention to deter staff from giving their own views on these issues.” According to government figures, 27 NHS staff members have died nationwide while fighting Covid-19. Why some NHS workers have not had proper access to personal protective equipment (PPE) and testing have been some of the key questions levelled at the government over its handling of the coronavirus crisis. The least we can expect NHS frontline staff to do is talk about it.

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This must be a glbal issue. If you live near a zoo, check them out.

New Zealanders Donate $230,000 To Help Zoo Feed Animals (G.)

New Zealanders have donated hundreds of thousands of dollars to feed hungry zoo animals in the midst of lockdown as the prime minister announced coronavirus lockdown restrictions would continue for at least three more weeks. Orana Wildlife Park on the outskirts of Christchurch is home to 400 wild and domestic animals, including chimps, meerkats, rhinos and giraffes. The zoo has been shut to the public during the lockdown, with keepers, deemed essential workers, working split shifts to stay safe. Unable to earn any income from visitors, which usually accounts for 95% of its revenue, the zoo is now struggling to pay its weekly NZ$70,000 (US$42,000) food bills, and has appealed to the general public for help. The gorillas alone eat NZ$800 (US$485) worth of vegetables every week.


In just four days more than 4,000 Kiwis have donated more than NZ$230,000. The wildlife park is the country’s only open-range zoo and is home to over 70 species of endangered animals from New Zealand and around the world. According to the givealittle appeal, the government’s wage subsidy only covers 40% of the park’s operating costs. “These costs are impossible to put on hold and include enormous food bills, huge electricity bills to keep our animals warm in the cooler weather and essential veterinary costs,” the appeal reads. “Our important New Zealand native conservation work continues, such as Kiwi chicks have recently hatched and must have access to heated brooder units in these crucial early stages.”

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“..those capers were just old-fashioned scams. Joe Biden for President is Emperor’s-New-Clothes caliber deceit..”

Check out the Trump campaign video. At least make him work for it please.

The Placeholder (Kunstler)

Everybody knows he’s dimmer than a night-lite, and everybody’s pretending it’s okay. There’s no analog in history for any faction putting up such an empty vessel for high office. Granted, the Democratic Party has trafficked in unreality for years, from Crossfire Hurricane through UkraineGate – with side-trips like trannies in women’s sports – but those capers were just old-fashioned scams. Joe Biden for President is Emperor’s-New-Clothes caliber deceit, requiring a rank-and-file so marinated in falsehood they couldn’t tell you the difference between a red light and a green light. So, you have to ask: what is their game? In the weeks that led up to the blossoming of Covid 19, the game was apparently to bump off Bernie Sanders to satisfy the party’s corporate sponsors, who were not so eager to back someone that promised to confiscate their wealth.


Ironically, Covid 19 only fortified Bernie’s case that the nation’s obscenely crooked health care system demands drastic reform. Now, you could easily construct a scenario in which ol’ Bernie would have glided to victory in November on the basis of that, combined with unemployment figures that make the Great Depression look like a job fair. Picking Joe Biden as the instrument to block Bernie seemed especially dumb just weeks after the Democrats’ impeachment gambit blew up in their faces by shining a fiercely revealing light on Joe and Hunter’s adventures in international grift. One can easily discern Mr. Biden’s motive for remaining in the race after that because sheltering in candidacy seemed to inoculate him from any criminal investigation. But, did the whole party want to go all-in on that?

Read more …

 

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https://twitter.com/aubrey75092/status/1252421403078299648

 

 

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