Meanwhile while we are pre-occupied with corvid-19 comes this news from Rolling Stone: The Trump Department of Justice has asked Congress to craft legislation allowing chief judges to indefinitely hold people without trial and suspend other constitutionally-protected rights during coronavirus and other emergencies, according to a report by Politico’s Betsy Woodruff Swan. … The DOJ has requested Congress allow any chief […]
The Oil Price War One consequence of the emerging global Covid-19 recession has been that it has helped push world oil prices down from the $60.77 per barrel range near the beginning of 2020 to $23.12 for West Texas Crude and $29.00 for Brent Crude, levels not seen since the end of 2008. But part […]
This is what exponential growth looks like: 2,500,000 infected in the next 15 days, 50,000 deaths I had originally planned on limiting this post to the next 10 days. But then the Buffoon-in-Chief tweeted this: So let’s look at the number of diagnosed infections and deaths in the US by the time Trump gets around […]
From Adam Levitin, a summary of the Senate economic rescue package. Recommended. Why can’t the news media provide information like this? Don’t answer that. Via Cowen, a discussion of bankruptcy. Some kind of bankruptcy reform is quite possibly the best way to preserve established relationships, but apparently not under active consideration. Some economic charts from […]
On Sunday, our war time president: “We’re a country not based on nationalizing our business. Call a person over in Venezuela,” Trump told reporters. “How did nationalization of their businesses work out? Not too well.” Trump administration officials pointed to voluntary actions from companies, such as 3M announcing more masks are being shipped to New York and Seattle. […]
by Joseph Joyce The True Owners of Foreign Capital Explaining the sources and destinations of capital flows is a key focus of research in international finance. But capital flows between countries can flow through financial centers before they arrive at their ultimate destination, and these intermediary flows distort the record of the actual ownership of investments. […]
For a Universal Debt and Rental Moratorium Incomes are collapsing throughout the economy, and both businesses and individuals face a crisis in meeting fixed payments they can’t control. The most direct step we can take is to temporarily suspend these payment obligations. Suppose the government were to announce that, starting immediately, all stipulated debt and […]
Coronavirus dashboard for March 22 This is a new daily or nearly daily update I hope to post, including the most important metrics to show how controlled – or out of control – the cononavirus pandemic is. Hopefully the numbers will move ever closer to the tipping point where the epidemic is under control.In order […]
Chloroquine and Hydroxychloroquine are being tested as components of multi-drug cancer chemotherapy. I have noticed that when I tweet this, people conclude that I am insane. However this is not a tiny literature. \ Repurposing Drugs in Oncology (ReDO)—chloroquine and hydroxychloroquine as anti-cancer agents is a long review article and meta analysis. It cites seven […]