Showing posts with label shutdown. Show all posts
Showing posts with label shutdown. Show all posts

Wednesday, September 23, 2020

Headlines


‘It’s a big, big swing’: Trump loses ground with white voters

CDC says it erroneously posted guidance that said coronavirus spreads through the air and travels beyond 6 feet

CCP media chief seems to confirm that they want Biden to win

... NFL BLM LOL: Sunday night football ratings crash by 17%

Ginsburg to lie in repose Wednesday and Thursday

House Democrats to unveil bill to avoid shutdown, fund government through December

Pennsylvania House of Reps prepares federal lawsuit over mail-in voting

Poll: Most Venezuelans want ‘capitalist’ nation

Trump, without evidence, accuses Democrats of fabricating Ginsberg’s dying wish

Coronavirus live updates: Millions in danger of missing stimulus checks, Black doctor’s group to vet vaccines

Uh oh: Biden says ‘200 million people’ will die by the end of his speech

Black Lives Matter deletes manifesto from website


STAND UP FOR AMERICA!

Monday, July 27, 2020

Headlines


Supreme Court rejects Nevada church plea to allow larger congregations

Here comes one of the newsiest and most critical weeks of the summer for markets

NYC homeless encampments grows after de Blasio’s suppressed crackdown

Cuccinelli: Fed agents could sue Pelosi for libel

Cuomo, then Schumer accuse DHS officials of possible criminal activity

U.S. coronavirus deaths top 1,000 for four straight days

Rep. Swalwell: FBI spied on Trump — and they were right to do so

Pro-life Democrats urge party to drop embrace of abortion

House passes massive spending bill in bid to thwart election year shutdown

Hurricane Hanna heads for Texas coast as state struggles with coronavirus outbreak

CDC says schools should reopen in fall

Big supermarkets refuse to enforce mandatory mask law

STAND UP FOR AMERICA!

Tuesday, June 30, 2020

Correction


A while back I made a foray into the COVID-19 death statistics in the United States and suggested that they were being fudged to imply a surge in our deaths to match our surge in new cases ... see: Fake Stats.

Well, if you return to that Washington Post “Covid Deaths” graph of deaths in that link, you will now see why this “spike” in these numbers occurred. It seems that, in a footnote, WaPo now indicates that on June 25th over 1,800 deaths were added to this daily total by New Jersey ... and it looks like Delaware also slipped some extras in too. Anyway, this spike was obviously an outlier and only briefly interrupted the visible downward path of US COvID deaths.

However, we are not out of the woods yet as new virus deaths are supposed to lag new cases by two or three weeks ... so we still have a little time to wait to see if the opening of our economy might need to be slowed or reversed. I say this because a new case surge without a new death surge is not a huge problem ... something like the common cold ... not worthy of a new shutdown.

Sometime next week we should know for sure.

Friday, May 15, 2020

Today’s Poser


Many of the draconian social restrictions being imposed both here and abroad are threatened to stay in place until there is available a COVID-19 vaccine. But what if there never is such a vaccine?

Sunday, April 19, 2020

Headlines


China’s virus death toll revised up sharply after review

Coronavirus live updates: Sanofi says it can mass produce vaccine, if it works, cases in Russia jump

U.S. deaths pass 33,000 ...

Wuhan death toll jumps 50% after ‘city-wide investigation’

Barr, Pompeo cheer FCC as agency backs Pentagon in airways fight

Coronavirus bill talks will go through the weekend after small-business funds dry up, Schumer says

Trump pushes big reopen ... Shutdown backlash brews  ...

Cotton, Crenshaw unveil bill to allow Americans to sue China for COvID-19 damages

Newsom sidesteps chance to voice support for Biden

Nearly 3 million borrowers have been granted mortgage relief,  and the industry is crying for help

Australia could keep coronavirus restrictions for a year!

Democrats float impeachment over Trump’s W.H.O. funding halt

Saturday, April 18, 2020

Headlines


The shutdown backlash is coming soon — with a vengeance

Small business rescue loan program hits $349 billion limit and is now out of money

Professional gamblers in Nevada now able to collect unemployment ...

Jimmy Carter ‘distressed’ over Trump halting W.H.O. Funding

‘Inexcusable’: Debbie Dingle slams Michigan protestors

Coronavirus live update: Trump to unveil reopening guidelines, China races toward a vaccine

Bailout checks go to the dead!

Dems demand halt construction on border wall during coronavirus crisis

Top Muslim political group backs Biden

The US economy has erased nearly all the job gains since the Great Recession

22 million jobs vanish in month ...

NJ governor: ‘I wasn’t thinking of the Bill of Rights’ when issuing stay-at-home order

Friday, March 20, 2020

The COVID-19 Dilemma


The following was a carom shot from a reader which was originally composed by a director of the Foundation for Economic Education. Good stuff:

It's possible for a disease or a trauma to kill you, not by direct injury to a particular organ, but by triggering a massive non-specific over-reaction by the immune system that causes inflammation in several vital organs all at once.  Systemic Inflammatory Response Syndrome.   It seems like an apt description of what COVID-19 has done to the US economy.  

There seem to be two approaches to the government's response to the COVID-19 situation:  (i) the targeted approach where they do aggressive investigation to figure out who's sick and then quarantine those people and (ii) the brute-force approach where they say, let's not do widespread testing, let's quarantine everybody and bring the whole economy to a halt.

The first was adopted by advanced Asian countries who chose to learn the lessons of SARS and H1N1, such as South Korea, Taiwan, Hong Kong, and Singapore.  



The second approach was adopted by China and many western countries.

As best I can tell, the main reason the US has chosen the second approach is that the CDC and the FDA didn't think it was important to put local health authorities in a position to conduct widespread testing in a timely manner.

I could be wrong in some of the details, but here's the gist of what I've gotten from a news sources across the political spectrum:

(1)  Once the genetics of the virus were mapped, the WHO came up with a model formula for a test, which many countries went ahead with, but it wasn't good enough for the CDC.  US laboratories were not allowed to use their own test formulas.  Labs around the world produced over a million tests while the US produced zero.

(2)  When they finally came up with their own formula, after weeks of work, the CDC permitted laboratories to produce tests, but prohibited them from using their tests until they got approval from the FDA.  The FDA, in turn, imposed standards on the labs that included a demonstration that their tests wouldn't produce false positives for pathogens that haven't been in circulation for years, so much so that it was difficult even to obtain samples of them to run the trials.  Under intense pressure as these news stories got out, the FDA recently relented, so now they have a saner standard and will grant provisional certifications, conditioned on submitting paperwork within 15 days. 

(3)  Even if they had the test kits, labs and clinical facilities were prohibited from testing patients who didn't meet all the indicia set forth by the CDC.  The authorities in Seattle discovered their outbreak only because a lab went ahead and tested people they weren't supposed to, and without waiting for the FDA approval.  The response of the CDC and the FDA was to tell the local authorities that they should order this rogue laboratory to cease and desist.


(4)  Meanwhile, the test kits produced by the CDC had to be recalled because local health officials found that they were generating too many false positives.   (If CDC had been subject to FDA certification, they would have been rejected!)   The CDC produced a second version and distributed it, but as recently as this week, local health officials were complaining that the kits were incomplete.  "Like getting a printer with no ink."

Hence, no option to take approach #1.

My suspicion is that this kind of bureaucratic obsession with maintaining control by checking boxes is a culture that's unaffacted by occasional changes of administration in Washington.  What was the CDC doing in all the years following SARS and H1N1?   If it wasn't their job to study the lessons learned by the advanced countries in Asia from dealing with those outbreaks, you have to ask, what exactly is their job?


Flu stats:

Interesting point of view and well articulated.

One data point I feel alarming comes from a study done by some Swiss researchers, reported in last week's Economist magazine.  They looked at data from Hubei, the province in China with the worst outbreak of the virus.  Among younger people, the fatality rate was less than 1%, but for people 80+ ( a cohort with which some of us have some familiarity) the fatality rate was 18%.

I am almost certainly in the minority, but I cannot avoid wondering if we in America have lost our collective mind.  We are bankrupting numerous small businesses by forcing them to close while not imposing a rent holiday, and imperiling airlines, hotels, service industries of all types, etc., etc., because of the supposedly dire threat of the Corona virus.  Do the facts warrant this degree of disruption?
  The outbreak began in Wuhan, China, on December 29, 2019. As of yesterday, March 15, the World Health Organization reports that out of the 7 billion or so people in the world there have been 153,517 confirmed cases of Covad-19, and 5,735 deaths. 
  According to the U.S. Center for Disease Control, in this country alone there were 35.5 million cases and 34,200 deaths in the 2019-19 flu season.  For the period October 1, 2019 thru March 7, 2020, the flu statistics indicate that this season’s totals will not differ significantly from the prior season and may be a bit worse.
  There is no question that Covad-19 can easily be spread.   Of the total confirmed Covad-19 cases, almost 53% (81,048) are in China.  The city of Wuhan was put on lockdown January 23, about three weeks or so after the first case was detected, but by February 1 there were 11,821 confirmed cases in China.  On February 15, the number had increased to 50,054, and two days later the confirmed cases had jumped over 40% to 70,635.  The earlier statistical increases were because of increased testing, and the February 17 jump was because the methodology of counting confirmed cases had changed.  The totals now included not just cases confirmed by lab tests but by clinical findings at treatment centers. 
  By March 1, the confirmed cases in China had reached 79,968 but only 1,053 have since been confirmed.  The lesson is clear:  a combination of isolating known cases, and careful hygiene and normal precautions by others will check the spread of the virus. 
  The experience of South Korea is a model.  It had its first confirmed case on January 20. Increase was slow until the last weeks of February when a large church congregation became a focal point of infection, and a hospital in another area also became a major source.   South Korea responded by a massive public testing program for the virus, coupled with public tracking of the movements of infected persons and limited restrictions on travel and public gatherings in affected areas, with some school closings or delayed semester starts.  Apart from the two areas that are the major contributors to the outbreak, most of South Korea is operating normally. 
  South Korea had a bad experience with the MERS outbreak in 2015 because of a lack of test kits.   Afterwards, the country approved rapid deployment of viral test kits, and now they are able to test more than 10,000 people a day, including at drive-thru roadside sites.  It has tested over 200,000 people, up to 10,000 a day.   As a result of this extensive testing, it furnishes the best data for evaluating the risk of a fatal result of a COVID-19 infection.  With 8,236 confirmed cases, and 75 deaths, the fatality rate is 0.91%.  The attachment to this memo shows how that risk is directly related to age, a feature COVID-19 shares with the flu where 75% of deaths in the 2018-19 flu season were people 65 or older.  What the attachment does not show is how many of the fatalities were persons with major preexisting health issues.  According to US CDC data, persons with such a condition are more that four times more likely to have a fatal case that those without such a condition.
 While it appears that the death rate for COVID-19 may be higher than for the flu, although the target age cohort may be similar, I am confident it will be much lower than current US statistics show and will be closer to those of South Korea.  Until we know how many people actually get COVID-19, which will be unknown until testing is orders of magnitude greater than at present, there is no way to determine that fact accurately.
 When I look at the available facts, the damage being done to our economy and social interactions by the draconic steps now in vogue, the statistics about flu, and see that South Korea has managed to control the virus without bringing millions of its citizens to the brink of bankruptcy, and watch the Wall Street traders have a feast because of the volatility caused by the actions taken and/or contemplated, I find myself wishing for a Maggie Thatcher who could inspire – or order -- the nation to keep cool and carry on.
 Obviously the elderly, and particularly those with existing health issues, would do well to avoid mingling with the public until the danger has abated.  For others, it seems to me that normal prudence and increased vigilance against contamination by use of soap, water, disinfectants, and avoidance of too close contact with others, should keep the risk to about what it is for the flu.  At the end of the day, we would survive as would so many of those whose livelihood will go under because of the panic let loose in the land.  At the very least, the policy ought to be to increase testing as fast as possible with a public commitment to return things to normal once a certain level of testing has been achieved, with draconian limitations continuing only in demonstrated COVID-19 hot spots.
Korean Statistics:
Classification
Cases
Fatal cases
Number
(%)
Number
(%)
Rate (%)
All
8,236
(100.0)
75
(100.0)
0.91
Sex
Male
3,169
(38.48)
41
(54.67)
1.29
Female
5,067
(61.52)
34
(45.33)
0.67
Age
Above 80
270
(3.28)
25
(33.33)
9.26
70–79
531
(6.45)
28
(37.33)
5.27
60–69
1,024
(12.43)
14
(18.67)
1.37
50–59
1,585
(19.24)
6
(8.00)
0.38
40–49
1,147
(13.93)
1
(1.33)
0.09
30–39
849
(10.31)
1
(1.33)
0.12
20–29
2,313
(28.08)
0
0.0
-
10–19
432
(5.25)
0
0.0
-
0–9
85
(1.03)
0
0.0
-
Data as of 2020/03/16 00:00 KST.

Wednesday, August 28, 2019

Headlines


Inside Susan Collin’s re-election fight in the age of Trump

Trump says he believes China sincerely wants trade deal: ‘I’m not sure they have a choice’

Big tech plans social scores ... Human era ending?

Michael Moore predicts NFL ‘won’t exist’ by 2050

Poll: Bernie, Warren surge to tie Biden atop Democrat field

Democrats float short-term funding bill to avoid another government shutdown

China’s spies on the offensive ...

Construction underway on replacement NM wall built with DOD funds

Sarah Huckabee Sanders launches new website as she weighs run for Arkansas governor

A sell-off worse than December can arrive in a week, says analyst who is predicting ‘Lehman-like’  drop

Insiders selling stocks as recession worries worsen ...

Miller: Trump ‘looking at all legal options’ to end anchor-baby policy

Friday, February 15, 2019

Headlines


Michael Bloomberg’s $500 million anti-Trump moonshot

Mortgage applications drop 3.7% as home buyers pull back

Lawyer: Mueller will say nothing! Will not issue report ...

GOP/Dem border deal, $1.3 billion for wall, less than 60 miles of new barrier

Howard Schultz: ‘I should be paying more taxes’

Growing number of Californians considering fleeing state and blame sky-high costs, survey finds

Explosive new book lifts lid on gay priests in Vatican ... Four in five homosexual?

National debt surpasses $22 trillion

Poll: Voters don’t want another shutdown, are split on border wall

China is going to need more foreign money as its trade surplus dries up, Morgan Stanley says

Senate uncovered no direct evidence of conspiracy between Trump campaign, Russia ...

1.4 million households drop off food stamps



Thursday, February 14, 2019

Headlines


Negotiators reach deal ‘in principle’ to avert shutdown

Investors take biggest cash position in decade despite market rally

Mexican flags flew at Beto [El Paso] gathering ...

Donald Trump  trying to stop ICE from deporting illegals

Superstar freshman Dems replace Pelosi as GOP targets

Tesla is staking it’s future on China — here’s what it’s up against

$1.375 billion to build 55 miles of new border barriers ...

House Democrats plan vote to criminalize private gun sales this week

Theresa May keeps her advisers in the dark on Brexit

Kevin McCarthy: Pelosi and Democrats caved on Trump’s border barrier demand

Buchanan: Green New Deal is a Dem suicide note ...

China, Turkey war of words over Muslim internment camps

Saturday, February 09, 2019

Headlines


Negotiators have deal within sight in talks to avert shutdown

The rocket engine that Elon Musk wants to use to get to Mars just passed a key test

Late night hosts wore blackface, now avoid subject ...

New Jersey residents to be hit with ‘rain tax’

2020 Dems see danger in the Mueller probe

AAA confirms what electric car owners suspected — cold weather saps EV range

Schiff announces sweeping investigation into Trump finances, Russia ...

U.S. to purchase Iron Dome missile defense system from Israel

Democrats duck for cover as Virginia scandals pile up

China and Russia loaned billions to Venezuela. — and then the presidency went up for grabs

Mexico to send military to murder hot spots ...

... NOW calls on Justin Fairfax to resign

Monday, January 28, 2019

Headlines

'
All for nothing': Trump's wall retreat baffles allies

Millennials claim another victim: Harley Davidson and the classic American motorcycle

Roger Stone charged on 7 counts in Mueller probe ...

[Bill] Mahler: Stone's arrest was 'over the top'

Trump White House stonewalls as Puerto Rico aid runs dry

Global market liquidity could 'freeze like the water at Davos,' UBS CEO says

[Next] Migrant caravan swells to 12,000 ...

Roger Stone: 'Rogue prosecutor' Mueller turning U.S. into Soviet Union

Indignation hits the Senate floor: The [NFL] Saints got robbed

U.S. economy could lose at least $6 billion to the shutdown: S&P

Trump climbs down in wall row; Congress passes bill ending shutdown

Chuck Schumer: 'Hopefully now the the President has leaned his lesson'

Sunday, January 27, 2019

Headlines


'We're talking': McConnell and Schumer attempt to defuse shutdown

The Fed may be close to ending it's rally-killing balance sheet reduction

'Dreamers' for $25 billion in border security ... Trump's shutdown strategy paying off?

Romney: We need 'a barrier' on the border, I'll vote to open government

Roger Stone arrested following Mueller indictment

George Soros: The U.S. and China are engaged in a Cold War that 'threatens to turn into a hot one'

50% Facebook accounts false?

Ohio steel mill idled during free trade, set to open it under Trump tariffs

Warren readies plan to tax 'ultra-wealthy'

Steve Bannon is the 'high ranking' Trump official mentioned in the Roger Stone indictment ..

Ebola death toll surges ...

Turkey's Erdogan: Maduro brother stand tall in Venezuela
G

Friday, January 25, 2019

Headlines


Trump exasperated by gaffe-prone Giuliani

Government debt tab hits $66 trillion, 80% of global GDP

Centrist Dems urge Pelosi to break stalemate ...

Pelosi refuses to grant Trump access for state of the Union message

Poll: Shutdown, Russia drive Trump disapproval to all-time high

White House chief economist: We could see 'zero' growth in first quarter ...

USA recognizes Guado as [Venezuela] president

Report: Musk's charitable foundation benefits family and friends

White House going ahead with State of the Union plans

More homes for sale, but fewer are affordable

Michael Cohen delays Congressional testimony ... safety fears ...

Kushner: GOP Senators to offer green cards to illegal aliens

Thursday, January 24, 2019

Headlines


Centrist Dems urge Peloai to break shutdown logjam

US cancels trade planning meeting with China, sources say

McConnell schedules dueling shutdown votes ...

President Trump: Covington Catholic students.'smeared by media'

Supreme Court seems to rebuff Trump's push for a quick DACA hearing

The unusually large drop in home sales has real estate agents baffled

Maduro on brink?

Taliban resumes peace talks with U.S. 'Hours' after killing at least 45

Republicans load spending bill with hardline measures targeting asylum

Trump moves forward with State of the Union plans despite Pelosi's request to postpone it

'Rapid military escalation' between Israel and Iran ...

Democrat to Pelosu: 'Get in the damn room' with Tr,p over border wall

Tuesday, January 22, 2019

Headlines


'Only with Nancy': How Schumer and Pelosi stuck together on the shutdown

Trump offers limited 'Dreamer' deal in exchange for wall -- and Democrats quickly say no

Facing populist assault, global elites regroup in Davos ...

Report: Donald Trump ready to offer DACA amnesty for wall funding

Trump visits air base to meet  families of Americans killed in Syria

China set to post slowest growth for 28 years in 2018, more stimulus seen

Report: Vatican knew bishop close to pope took naked selfies ...

Pence: Trump's immigration proposal 'is not amnesty'

White House issues formal nix on congressional trips after grounding Pelosi flight

Sandburg admits to Facebook stumbles, says 'we need to do better' after rough year

Suspicious deposits made to Brazil president's son: report

Australia signs deal securing trade with post-Brexit Britain

Monday, January 21, 2019

Headlines


Mueller team disputes aspects of BuzzFeed report on Trump, Cohen

This Indiana town is selling a single-family house for $1

Consumer sentiment plunges to lowest level since 2016 election

Women's March co-chair refuses to acknowledge Israel's right to exist

Trump exempts many tribes from Medicaid work rules

Workers going unpaid during shutdown owe $438 million in rent and mortgage payments this month

Report: Gavin Newsom running ads in swing states ...

France: Yellow Vests protest for tenth straight weekend

DNC says it was target of Russian cyberattacks after 2018 midterms

Winter storm grounds hundreds of Midwest flights at start of holiday weekend

At least 66 killed, 85 missing in Mexico pipeline blast ...

U.S. missile defense assent says North Korea remains 'extraordinary threat'


Sunday, January 20, 2019

Headlines


Democratic governors seek unemployment benefits for shutdown workers

China offers 6-year import boost in trade talks with US: Sources

Michael Cohen black eye, arm in sling ...

Hundreds of caravan migrants break through Mexican border gate

Democrats sieze on report that Trump told Cohen to lie to
Congress

Tesla has $20 million in debt coming due -- and it could wipe out a large chunk of its cash

Total lunar eclipse meets supermoon Sunday night ...

Steny Hoyer reversal: State of the Union 'not officially off'

Next shutdown victim: School lunches

Facebook is making another attempt to win back teens

Russia warns US missile defense plans will fuel arms race ...

Trump, Notrth Korean envoy agree to Kim summit at end of February

Thursday, January 17, 2019

Headlines


Pelosi gets revenge on one of the Dem rebels

CEO of world's largest money manager: There would be a bullish surge on a US-China trade deal

Pelosi asks president to reschedule State of Union address ...

Historian: Queen should suspend Parliament to stop anti-Brexit plots

Gilliibrand's 2020 path: 'Women are pissed off and they're fired up'

Mortgage applications surge 13.5% as borrows rush to take advantage of lower rates

ISIS claims deadly suicide attack on US-led coelition parole in Syria ...

Judge orders removal of citizenship question on 2020 census

Brexit: Britain goes over a cliff

The government shutdown is starting to make the IPO market nervous

WITNESS: El Chapo paid $100M bribe to ex-Mexican president ...

New York law to make abortion 'fundamental right'

Wednesday, January 16, 2019

Headlines


Trump backs off national emergency with no end to shutdown in sight

Investors are hiding out in cash. Assets in money market accounts surge past $3 trillion

USA secretly takes nuclear material out of Africa -- with Beijing's help

Donald Trump mocks Democrats for Puerto Rico trip

Barr pledges to allow Mueller to complete investigation

Cramer says the bear market in stocks ended on Christmas Eve

Poll: Trump approval lowest in year

ABC's Karl: Mueller report 'almost certain''to be anticlimactic'

Trump urges Turkey president not to 'mistreat' Kurdish fighters

GOP's John Kasich is looking to work for CNN or MSNBC as he considers running for president in 2020

Gilette ad challenges men to shave their toxic masculinity  ...

Evidence of operations at NKorea nuke facilities