GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

From the week:

Corruption: Austin, TX metro trains run empty to secure Federal dollars? (Report)

The economy: What’s coming after the election, when the delinquent debt/credit roars back? (Article)

The culture: New York legislature asked to require 500 hours of training for a shampoo assistant (Report)

The pandemic: Swiss Policy Research presents facts? (Report)

Settle: The police have awakening friends? (Report)

San Andreas Fault: Warning – possible quake precursors (Report)

California: Bubbling bullet train boondoggle (Report) (When everything is politicized)

Virgiia: Half million absentee ballot applications sent? (Report)

Power outages massive, lengthy under northeast storm; politicians pounce (Report)

Seattle: Riots, looting continue (Report)

Chicago: Rioting, looting continue (Report)

California: Has wiped out Uber’s business model; Uber to flee? (Article)

The economy: Food and healthcare inflating (Article)

Healthcare: Continues going virtual (Report)

Government: State Dept guts Trump’s curbs n foreign workers? (Report)

The Federal Reserve: Monetizing the debt: Politicization swallows the Fed? (Article)

The government: Fed Sandia lab puts white males through course to deconstruct their white male culture? (Report)

The culture: California law to allow preferential treatment for blacks, Hispanics? (Report)

Energy: Rolling blackouts reflect California’s electrical inadequacy in heat wave (Report)

Healthcare: Some of the costly scams we fund (Article

U.S. seizes Iranian oil headed for Venezuela (Report)

Politics: Trump vs Pavlov: A social experiment (Article) (Recommended)

Chicago: 4 dead, 35 wounded in weekend shootings (Report)

A naked man was arrested on burglary, battery charges (Report)

That’s all …

EDITORIAL:         The Pretend Economy Dies Post Election                                 The 32 million unemployment filings triggered by the pandemic also represent much lost business income and lost government tax revenue. The cornucopia of government payments and loans showered upon the economy is borrowed money that must be repaid with interest by the recipients and their descendants. Meantime, the government must borrow more to continue operating until the borrowings are repaid. All the student loans, credit card debt, auto loans and mortgages that have been put on hold during the pandemic lockdown will come due again, too. The end of the pandemic emergency provisions that have dammed up all the delinquencies and delayed repayment until after the coming presidential election will drop into our economic punchbowl.  What should we expect from some Monday morning post election, when financial let’s pretend comes face to face with reality?

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, Government, Politics. Bookmark the permalink.

1 Response to GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

  1. con says:

    Re your articles on corruption and funny money you might find this article relevant. “What difference does it make? by Jim Quinn on Straightlinelogic WordPress.

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