GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

alfred_e-_neumannFrom the week:

The world economy: A more politicized view (Article)

The U.S. economy: Major bank backing away from home loans? (Article)

The world economy: The how, where and why of what is coming to your finances (Article) (Recommended for any serious about their finances)

The Federal Reserve effect on Congress: Now comes the real crazy (Article) (Short, clear)

Los Angeles: City furloughing thousands of employees for pandemic (Report)

Government thwarted: Tons of sand dumped onto city skate park to keep users at home; skateboarders shoveled it off made a playground for dirt bikers (Report)

The pandemic lockdown: Another view (Article)

The economy: Debt market showing signs of rot? (Article)

Oil: Russia/Saudi price war heads below $0 bbl? (Article)

The last time this happened to oil, stocks collapsed 30% (Article) (Correlation doesn’t imply causation, but …?)

Oil prices bounce back (Report) (Are markets real anymore?)

Illinois: Seeks Federal bailout to cover its own mismanagement (Article)

Government: Big corporations grabbing “Small business” pandemic aid (Report)

 The economy: Gold at $3,000 oz. predicted by Bank of America (Report)  (i.e. hyperinflation?)

The pandemic: Univ. of Penn. Sees no COVID overload; resuming normal surgeries (Report)

More pandemic: A noted epidemiologist sees overreaction (Video)

Government: Idaho mom arrested at public park closed under pandemic order (Report)

Pentagon presses Mexico to reopen factories vital to U.S. weapons (Article)

Voting by mail: “Greatest fraud scheme in American history” (Article)

Government: State/local governments to layoff workers; demand Federal money (Report)

U.S. Senate: Not interested in bailing out states per majority leader (Report)

U.S. Unemployment now 26 M (Report) (How many will have jobs to return t?)

The U.S. Postal Service: Is Trump tackling the Colossus? (Report)

The pandemic: A rather different view – and data (Report)

More pandemic: A drugstore pulseoximeter can tell if you should go to hospital (Report)

Still more pandemic: Nevada brothel requests small business stimulus aid (Article)

Space: The satellites – Update (Article)

The pandemic economy: The next 60 days (Article) (A Prophet?)

More economy: Buffett, Zimbabwe and Zeros in the Years Ahead (Article) (Recommended)

U.S. Lockdown: Closing meat packers (Article) (Coming pork problems?)

Chicago: 5 dead, 28 wounded in weekend shootings (Report)

A naked man was arrested after jumping onto hood of woman’s vehicle (Report)

End

 

EDITORIAL:         The “Reopened” Economy

The U.S. and much of the world economy will be more rebuilt than reopened. It will take time and it will never r duplicate its predecessor. Politicians will blame this on the pandemic; the reality makes the virus only a trigger that provided an opportunity to avoid responsibility for accumulated financial mismanagement of decades.

The healthcare system will reopen to non-COVID patients at a lower level of service for a larger number of people; the rationing of care will be increased. As predicted earlier, seniors will notably demoted and the more heroic last ditch life saving measures will pass out of normal use. Euthanasia and assisted suicide will continue to expand.

The current attempt to replace in-person voting in the U.S with mailed ballots points to  real problems with the present system. Both voting machines and voter rolls need improvement for confidence to be maintained in the future. The direction this takes may be telling …

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much) Couple of degrees in government, a few medals in figure skating; just reading and suspicion for economics ...
This entry was posted in Economics, Goverrnment, Politics, Uncategorized and tagged . Bookmark the permalink.

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