Wednesday, November 27, 2019

A Reverse Coverup

Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.--Marx (Groucho)

Fearful of the challenge that a thriving Chinese private sector might pose to the Communist Party’s political hold on the country, President Xi is now reestablishing party discipline and increasing the role of China’s state enterprises.--Lachman

This is a neat little generality that seems to me to be completely meaningless but could provoke fun debate:


Fraction of all US wealth owned by Boomers & Gen-Xers when the average member of each was age 35:
Boomers, 1989 21%
GenX, 2008 8%
The average Millennial turns 35 in 2023. Right now they own 3%.
There will surely be political implications. (somewhere)

Definitions: Baby Boomer=born 1946-1964, Gen X=born 1965-1980, and Millennial=born 1981-1996.
According to a report by InfluenceMap, the UK-based think-tankinvestment portfolios held by some of the world's largest asset managers, including BlackRock, Vanguard and State Street, “remain significantly misaligned” with climate-change goals set by world leaders in Paris in 2015.

The most ambitious goal of the Paris Agreement was to keep the rise in global temperature well below 2 degrees Celsius above pre-industrial levels and aim for 1.5C. But InfluenceMap’s analysis of 50,000 investment funds found little exposure to companies across the oil and gas, automotive, electric power and coal industries that are deploying green technology to limit their impact on the environment.

These numbers are not new, but they bear repeating. One of the front-runners, Sen. Elizabeth Warren (D-Mass.), touts proposals that seem to add up to roughly $49 trillion over the next decade. Another, Sen. Bernie Sanders (I-Vt.) would spend more like $97.5 trillion. Warren would focus on programs like “Medicare for All,” free college and other new entitlements. Sanders would add to that a job guarantee program. Apparently, free stuff is expensive.
“The wealth of the richest man in the world, Jeff Bezos, is not gold bars hidden under his mattress. Rather it is that his 12 percent ownership stake in Amazon.com, a company that employs more than 600,000 people, creates a platform for many other businesses, and saves consumers a huge amount of money.” A significant wealth tax applied to these assets will have consequences for the workers who count on it for employment and more.
The bottom line is that, as much as vast swaths of Americans want what Warren and Sanders are offering, we still have no clue how they will pay for it.--deRugy

Someone with a mild infection--maybe even a virus--will be given amoxicillin or other first-line treatments, and only if that doesn’t work will they be given a second-line treatment, such as a carbapenem. But in emerging markets, many precious second-line medications are widely available and presumably used inappropriately. India makes every product, often with Chinese ingredients, and they are the cheapest products in the world. India is also incredibly poor, where sanitation is often lacking and where antibiotics are used as substitutes for better hygiene. While second-line antibiotics are not cheap compared with first-line treatments like Cipro or amoxicillin, patients can at least buy them when they or their dependents inevitably get sickened due to poor sanitation and first-line treatments do not work. Clinical failure may be due to resistance but just as often because of substandard production. But regardless, inappropriate use of second-line treatments occurs.
it’s possible to buy these products without even a prescription. Although the situation improved in 2018 an alarming number of establishments were still selling carbapenems, a critical second-line type of antibiotic.
Perhaps worse still is that many of the products are substandard in some way or other. In a few instances, 25 percent don’t work and at best 8 percent fail.


South Korea ranks second to last in terms of conscientiousness but also ranks first in the number of hours worked.  South Korea is not an anomaly.  Country-level reports of Big Five conscientiousness are unrelated to the number of hours worked.  The rank correlation between hours worked and conscientiousness across countries is negative, though statistically insignificant. I'm unsure if this is meaningful, especially with the soft metric of "conscientiousness." But there is a lot of scientific literature out there.

On November 27, 1095, Pope Urban II made perhaps the most influential speech of the Middle Ages, giving rise to the Crusades by calling all Christians in Europe to war against Muslims in order to reclaim the Holy Land, with a cry of “Deus vult!” or “God wills it!”

                     A Reverse Coverup


Half a century after JFK’s death, in a once-secret report written in 2013 by the CIA’s top in-house historian and quietly declassified last fall, the spy agency acknowledges what others were convinced of long ago: that McCone and other senior CIA officials were “complicit” in keeping “incendiary” information from the Warren Commission.
According to the report by CIA historian David Robarge, McCone, who died in 1991, was at the heart of a “benign cover-up” at the spy agency, intended to keep the commission focused on “what the Agency believed at the time was the ‘best truth’—that Lee Harvey Oswald, for as yet undetermined motives, had acted alone in killing John Kennedy.” The most important information that McCone withheld from the commission in its 1964 investigation, the report found, was the existence, for years, of CIA plots to assassinate Castro, some of which put the CIA in cahoots with the Mafia. Without this information, the commission never even knew to ask the question of whether Oswald had accomplices in Cuba or elsewhere who wanted Kennedy dead in retaliation for the Castro plots. (Politico)
No doubt this will become our CIA cover-up story for the next decade. But.....
This might remind one of Oswald in Mexico City.
Now a real conspiracy. Jack Childs was a spy/raconteur who knew Castro. He says Castro told him that when Oswald realized the Cubans would not grant him a visa when he was in Mexico City he screamed with defiant bravado, "I'm going to kill Kennedy!" This was confirmed by the spy Rodriques Lahera in a debriefing with Harold Swenson. In November 1963, the Cuban intelligence officer in charge of monitoring possible CIA/exile activity against Cuba, Florintino Aspillaga, was told by Castro to abandon his usual sweeps and focus all his listening devices on the Dallas area.
So.....? The specifics of the assassination are beyond debate. Oswald, a defector to Russia, a communist disillusioned with the Russian system but enamored with the Cuban one, murdered President Kennedy. The only question is whether someone or some group influenced Oswald's decision. Castro may not have been involved. But it sounds as if he was not surprised.

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