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I have begun to change my opinion about Biden. What if these executive and legislative decisions which seem so detrimental to the marrow of the nation are not just whimsical, what if he just wants to be important to history?
The G20 are meeting in Rome, in an old building built by fascists.
Articles about the plans to decrease trace CO2 elements in the atmosphere are framed as between those who want to save the planet and the avaricious petroleum industry. Lost here is the question of how to manage the devastation throughout the world caused by eliminating the world's energy sources and replacing them with products as yet undeveloped. If there has ever been a cause to unify the unfortunate abused citizens of the world, this is it.
“Whatever the price of defeating COVID-19 may be,” the Daily Kos article concludes, “it must be paid.” And that more or less sums up the case for, and against, ‘Zero Covid’. For you can’t take a proposal seriously if there’s no estimate of costs.--Carl
In 2020, health care spending was down relative to 2019, the first time this has occurred since at least 1960. Relative to prepandemic forecasts, the drop in spending was roughly $150 billion, about 5% of personal medical spending. Health care spending rose modestly in the first 5 months of 2021, but not back to prepandemic forecasts, let alone enough to fill in the hole from 2020. If the pattern through May 2021 continues through the rest of the year, the shortfall in 2021 could be another $150 billion.
A survey of 40 empirical studies shows that high levels of public debt have a negative impact on economic growth.
Among the roles for government desired by Comptroller of the Currency nominee, Saule Omarova wants to bypass banks in the allocation of capital. The Fed would determine the distribution of capital. Her proposals include one that could break up banks with more than $250 billion in assets and another to have the Federal Reserve offer checking and savings accounts instead of private lenders.
Ludwig von Mises and F.A. Hayek, in the interwar years, proved the allowing the State to control capital would severely impoverish any socialist economy.
Mistakes, idiocy and greed are the engines of economic problems. Why the government and its representatives put themselves forward as above these failures rather than a concentration of them is not explained.
The esteemed Ms. Omarov is a graduate of Moscow State University
on a Lenin scholarship. So many of these ideas are so obviously harmful to the nation that one wonders if stupidity alone is to blame. I suppose her being a Chinese disinformation agent is too obvious to be real.
“Whatever the price of defeating COVID-19 may be,” the Daily Kos article concludes, “it must be paid.” And that more or less sums up the case for, and against, ‘Zero Covid’. For you can’t take a proposal seriously if there’s no estimate of costs.--Carl
In 2020, health care spending was down relative to 2019, the first time this has occurred since at least 1960. Relative to prepandemic forecasts, the drop in spending was roughly $150 billion, about 5% of personal medical spending. Health care spending rose modestly in the first 5 months of 2021, but not back to prepandemic forecasts, let alone enough to fill in the hole from 2020. If the pattern through May 2021 continues through the rest of the year, the shortfall in 2021 could be another $150 billion.
Astonishing.
Interesting quote from McClosky: No play of Shakespeare celebrates a bourgeois.
Household savings collectively stood at $1.7 trillion in August, up 21% from the February 2020 level of $1.4 trillion, according to research by investment bank Natixis.
“Nobody likes having their freedoms curtailed by measures but it’s prudent to be cautious, in everyday interactions certainly,” Neil Ferguson, the Imperial College epidemiologist, told presenter Sarah Smith, “and wearing masks certainly helps that: it reminds people we’re not completely out of the woods yet.”
So masking is sort of a government psychology plan to keep us on edge?
Nationwide, employment at restaurants and bars was down by 930,500 jobs, or 7.6%, in September from February 2020; hourly pay was up 12.7% between February 2020 and August 2021. Inflation data show some of that is being passed on to customers: Restaurant meals were 7.3% more expensive in September than in February 2020.
The NEA wants (this year) to adopt a resolution to study the effects of “empire, white supremacy, anti-Blackness, anti-Indigeneity, racism, patriarchy, cis heteropatriarchy, capitalism, ableism, [and] anthropocentrism.”
Interesting quote from McClosky: No play of Shakespeare celebrates a bourgeois.
Household savings collectively stood at $1.7 trillion in August, up 21% from the February 2020 level of $1.4 trillion, according to research by investment bank Natixis.
So masking is sort of a government psychology plan to keep us on edge?
Nationwide, employment at restaurants and bars was down by 930,500 jobs, or 7.6%, in September from February 2020; hourly pay was up 12.7% between February 2020 and August 2021. Inflation data show some of that is being passed on to customers: Restaurant meals were 7.3% more expensive in September than in February 2020.
The NEA wants (this year) to adopt a resolution to study the effects of “empire, white supremacy, anti-Blackness, anti-Indigeneity, racism, patriarchy, cis heteropatriarchy, capitalism, ableism, [and] anthropocentrism.”
This is a teachers' union. Does this mean they have figured how to teach everybody and it's time to move on to other things? Even if the U.S. education system was a screeching success--and it does not look like that--there is no reason for this group to branch out into new, unexplored jungles where they have no proven ability.
In a letter to Rep. James Comer (R–Ky.), National Institutes of Health (NIH) Principal Deputy Director Lawrence Tabak acknowledged that his agency funded coronavirus research at the Wuhan Institute of Virology. The money, channeled through the EcoHealth Alliance, supported scientists who modified bat coronaviruses so that they were "capable of binding to the human ACE2 receptor in a mouse model."
Basically, the Chinese researchers modified the spike protein of a relatively harmless coronavirus so that it would function as a key enabling the virus to open and invade cells in humanized mice. As it happens, the coronavirus responsible for the COVID-19 pandemic chiefly infects people by binding to our ACE2 receptors.
In a letter to Rep. James Comer (R–Ky.), National Institutes of Health (NIH) Principal Deputy Director Lawrence Tabak acknowledged that his agency funded coronavirus research at the Wuhan Institute of Virology. The money, channeled through the EcoHealth Alliance, supported scientists who modified bat coronaviruses so that they were "capable of binding to the human ACE2 receptor in a mouse model."
Basically, the Chinese researchers modified the spike protein of a relatively harmless coronavirus so that it would function as a key enabling the virus to open and invade cells in humanized mice. As it happens, the coronavirus responsible for the COVID-19 pandemic chiefly infects people by binding to our ACE2 receptors.
How can these morons be stopped?
Half of Americans say they prefer fewer government services and lower taxes, while 19% want higher taxes and more services. Twenty-nine percent want taxes and services as they are now.”--Gallup
In no other country do the rich bear a greater share of the income-tax burden than they do in the U.S.
Organization for Economic Cooperation and Development data show that the top 10% of American households earn about 33.5% of all earned income but pay 45.1% of all income taxes, including Social Security and Medicare payroll taxes. That progressivity ratio of 1.35 is far higher than in any other country. The ratio in France is 1.10. In Germany it’s 1.07, and in Sweden an even 1. In the last OECD study, in 2015, the top 10% of earners in the U.S. paid 45% of all income taxes. In France, the top 10% only paid 28%. In Germany they paid 31% and in Sweden 27%. Conversely, the bottom 90% of earners in the U.S. paid 55%. The bottom 90% of earners in France paid 72%. In Germany it was 69% and in Sweden 73%.
EV's batteries: it’s not just lithium that can contaminate soil and groundwater. Nickel, cobalt, manganese and other metals found in EV batteries pose an even greater threat than lithium to both human life and the ecosystem. If an average car battery pack weighs 550 pounds, 100 million cars would produce about 55 billion pounds — 28 million tons — of battery waste.
In no other country do the rich bear a greater share of the income-tax burden than they do in the U.S.
Organization for Economic Cooperation and Development data show that the top 10% of American households earn about 33.5% of all earned income but pay 45.1% of all income taxes, including Social Security and Medicare payroll taxes. That progressivity ratio of 1.35 is far higher than in any other country. The ratio in France is 1.10. In Germany it’s 1.07, and in Sweden an even 1. In the last OECD study, in 2015, the top 10% of earners in the U.S. paid 45% of all income taxes. In France, the top 10% only paid 28%. In Germany they paid 31% and in Sweden 27%. Conversely, the bottom 90% of earners in the U.S. paid 55%. The bottom 90% of earners in France paid 72%. In Germany it was 69% and in Sweden 73%.
EV's batteries: it’s not just lithium that can contaminate soil and groundwater. Nickel, cobalt, manganese and other metals found in EV batteries pose an even greater threat than lithium to both human life and the ecosystem. If an average car battery pack weighs 550 pounds, 100 million cars would produce about 55 billion pounds — 28 million tons — of battery waste.
A survey of 40 empirical studies shows that high levels of public debt have a negative impact on economic growth.
Among the roles for government desired by Comptroller of the Currency nominee, Saule Omarova wants to bypass banks in the allocation of capital. The Fed would determine the distribution of capital. Her proposals include one that could break up banks with more than $250 billion in assets and another to have the Federal Reserve offer checking and savings accounts instead of private lenders.
Ludwig von Mises and F.A. Hayek, in the interwar years, proved the allowing the State to control capital would severely impoverish any socialist economy.
Mistakes, idiocy and greed are the engines of economic problems. Why the government and its representatives put themselves forward as above these failures rather than a concentration of them is not explained.
The esteemed Ms. Omarov is a graduate of Moscow State University
on a Lenin scholarship. So many of these ideas are so obviously harmful to the nation that one wonders if stupidity alone is to blame. I suppose her being a Chinese disinformation agent is too obvious to be real.
2 comments:
Biden, the poor bastard lacks circulation to his Brain.
Biden met with Pope Francis yesterday. The Pope said, It was Okay for Biden to continue receiving Holy Comunion.
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