Open thread October 15, 2021 Dan Crawford | October 15, 2021 5:48 am Comments (47) | Digg Facebook Twitter |
Despite all of the global economic concerns, the low jobs report, COVID labor shortages, major supply chain problems, low inventories of many goods, major concerns about inflation, debt ceiling problems, uncertainty about infrastructure & spending trillions in social programs & climate change; the one entity seemingly not worried is the Dow at near 35,000 & up over 500 yesterday (10/14/21).
Dems Messaging Is Sooooo Bad! only 43 percent of voters want them to regain control of Congress, per Quinnipiac, with 46% favoring the GOP taking at least one branch. Yet, polls find “huge support” for parts of the Reconciliation bill.https://newrepublic.com/article/163969/democratic-reconciliation-bill-popular
For over 5 decades now white working class Americans have been voting against their own interests. So why is this surprising?
It has something to do with average IQ being locked at 100.
or maybe it has something to do with the contempt they feel coming from the Left?
or, possibly, the Right (quite dishonestly) propaganda touches something real in human nature beyond “more money” which seems to be all the Left has to sell…but for some mysterious reason…never delivers on.
just to try to avoid gross misunderstanding I am generally in favor of what the Left says it wants to do, but I suspect there is a form of stupidity that is not measured by IQ. That said, it seems that “Democrats” in public at least do not suffer from this as much as their “base” does. and, continuing my futile effort to avoid being misunderstood, I am generally in favor of what I think are the basic goals of that base, but they seem to be remarkably stupid how they go about reaching it: “first, alienate the “low IQ” working class, second, scare the hell out of the rich and powerful by “demanding” confiscation of wealth” where simple anti predatory policies and demonstrably “good for everyone” social insurance would work better and have at least a chance of becoming law.
or maybe it has something to do with the cintempt they feel coming from the Left. Or the fact that the Right propaganda (dishonestly) touches on something in human nature that “uneducated” people feel is more important than “more money.”?
or that the Left never delivers on what they promise.
sorry for the double post. the first failed to appear for awhile so i thought it had been eaten by the computer gods.
The Revolt of the American Worker
NY Times – Paul Krugman – October 14
The Revolt of the American Worker
NY Times – Paul Krugman – October 14
Much like Runs’ rundown of health news from his inbox, in homage, here is this week’s Ag news breakdown:
We start with the Chinese putting a full stop to fertilizer exports to the US. https://www.wisfarmer.com/story/news/2021/09/28/china-halts-phosphate-exports-fertilizer-prices-expected-soar/5907300001/
We knew it was coming back in July, and of course did nothing to plan for it. Josh Linville of StoneX analytics shows how badly the commodities are getting beaten up.
Deere UAW goes on strike. Company is expected to post around a $5.8 billion dollar profit and the workers want wage increases. If the strike continues for a considerable amount of time, one source said they lay foundations for combines in November, meaning no new combine production or sales for 2022, if true.
Commodities at large are a mess.
UK culling thousands of pigs as processor shortages continue.
Beef market lower, despite high market prices. (Again).
Food prices going higher. Outpacing (transitory) inflation.
You added more while I was editing this. Looks good though. Be careful about how many times you hit “return” or you will get too much space between paragraphs, etc.
You know, you can do this up front . . .
I should stop using mobile and get back to the laptop ball and chain. I’ll try and put a rundown together when we have bid weeks like this. Thanks for cleaning up.
in case you all ain’t been paying attention, global Covid cases are rising again, if we pull out the decreases in the US and Canada from the totals…
seems the latest surge is again centered in Europe, with the UK’s new cases approaching 4K per million population…
check that, it looks like cases are still falling ~1% ex US and Canada…they’re rising ex-North America….
among those leading the increase, new cases are up 14% in the UK, up 13% in Russia, up 34% in the Ukraine, up 14% in Romania, up 79% in Georgia, and up 56% in the Netherlands…
some news on that UK Covid surge:
New Delta descendant may be more infectious than its ancestor | Financial Times
Scientists are anxiously tracking a descendant of the Delta coronavirus, which is responsible for a growing proportion of Covid-19 cases in the UK, and could be more infectious than the original Delta variant, they say.
This AY.4.2 subvariant has only recently been recognised by virologists who follow the genetic evolution of Delta but it already accounts for almost 10 per cent of UK cases. Its prevalence is increasing rapidly, though not as fast as the original Delta variant when it reached Britain from India early this year.
If the preliminary evidence is confirmed, AY.4.2 may be the most infectious coronavirus strain since the pandemic started, said Balloux. “But we have to be careful at this stage,” he added. “Britain is the only country in which it has taken off in this way and I still would not rule out its growth being a chance demographic event.”
AY.4.2 “is likely to be elevated to the rank of ‘Variant under Investigation’,” Balloux said, at which point the World Health Organization would assign it a Greek letter under its naming system.
Some commentators in the US linked the emergence of AY.4.2 with the very high levels of Covid cases, hospitalisations and deaths in the UK — far above those recorded elsewhere in western Europe.
The UK on Monday announced a daily total of 49,156 people testing positive for Covid, the largest number since July. The average over the past seven days was 16 per cent higher than the previous week.
Scott Gottlieb, former US Food and Drug Administration commissioner, tweeted on Sunday: “We need urgent research to figure out if this ‘delta plus’ is more transmissible, has partial immune evasion.”
UK experts said research was already under way. Barrett added: “While it [AY.4.2] may make things more difficult, it doesn’t by itself explain the recent high UK caseload.”
AY.4.2 is one of 45 sub-lineages descending from Delta that have been recorded around the world. It carries two characteristic mutations in the spike protein with which the virus infects human cells, called Y145H and A222V.
Key to Biden’s Climate Agenda Likely to Be Cut Because of Manchin Opposition
So, the world dies because of one corrupt man.
This is the way the world ends. Not with a bang, but a whimper. (TS Eliot)
(Someone has to convince Joe Manchin that, going forward, coal resources should be preserved for chemical purposes and not burned up for energy. Good luck with that.)
Paraphrasing Tip O’Neill (‘All politics is local.’)
All politics is short term.
In other words, ‘Make hay while the sun shines.’
If you can dig money out of the ground (coal, oil, whatever),
do so forthwith. Consequences down-stream be damned.
I not so fondly recall a youthful visit to
the headwaters of the Hudson River in
NY’s Adirondack mts, the ‘high-peaks’ area,
which were in the process of being totally
devastated by acid-rain from coal-burning
powerplants in the US midwest, back in the 70’s.
We will never, ever learn not to do this, until it’s too late.
Biden’s Plans Raise Questions About What US Can Afford Not to Do
Pretty soon, the only options will be
A) The Trillion Dollar Coin
Colin Powell Dies at 84
The sad truth about Colin Powell is that he often did not speak truth to power.
Colin Powell and ‘Guernica’
NY Times – Maureen Dowd – October 23
He covered up for the My Lai massacre. That is all I am going to say.
we could have a nice philosophical discussion about what is worse”
“covering up” that which has happened and is beyond repair.
or that which is about to happen and could still be prevented.
or, one cold say, lying to help make it happen.
i know what i would say.
[powell, if he was here, could argue that My Lai was an “accident,” one that was necessary to cover up to protect an otherwise good cause.
But it was not a good cause, as became apparent.
Nor was it an accident…there were thousands of “my lais,” many from 50,000 ft.
Let me be perfectly blunt with you. Of course we could have a philosophical discussion and you can also kiss my butt philosophically too. We both know neither is going to happen.
“all politics is short term” is not a paraphrase of “all politics is local.” a paraphrase is an attempt to preserve the meaning while changing the words. you have preserved most of the words while changing the meaning to something entirely unrelated. Tip O’Neill was a smart politician and he was saying something smart about politics. You may be saying something about politics but something entirely unrelated to what O’Neill was saying.
It is true that some politicians are only interested in short term advantage. It’s not a completely stupid position. Gaining an advantage today is a pretty good strategy in an unpredictable world. It is, generally, the “strategy” of all living things. But in the case of humans it is a policy, if not a strategy, that is pretty stupid. It may be that gaining an advantage for your party, or your self, gains you the high ground, but at the expense of the long term welfare of all humans, the planet, and yourself as well as your party.
This cost is largely foreseeable. Unfortunately the “politics” of those who largely foresee it have generally been unsuccessful against the politics of those who maneuver (lie, cheat, and steal) to gain the short term advantages that allow them to shape long term results to their future short term advantages that lead us all down the path to hell
And those who disagree with me will say that “no. it is they who have the wisest long term vision, and it is me who is just following the latest feel-good fad.”
Oooo. My bad!
I used ‘local’ in the sense it is used in physics,
which is ‘nearby, in space-time’.
Tip O’Neill would have understood.
It seems to me the Dems can’t prioritize. Women will find better ways to care for their children in the short term. Climate change will reduce or end all options for women and children in the fairly near future.
The spending for the “build back batter” program “needs to be paid for”? Fine. Raise taxes.
Fighting (dishonestly) over “the deficit” is something the R’s know how to do. Screaming about “taxes” is the other thing they know how to do. Pretending to argue with them is something the D’s know how to do. Neither of them has the slightest idea what they are taling about in terms of the actual policies that determine the welfare of actual people…including “the rich.”
Go figure. (The Dow is presently a bit below 36k.)
Just How High Could the Dow Go?
Well, someone could tell you the difference between present vallue 36k twenty years ago and present value 36k today. i dont suppose the authors of Dow 36k are breaking out the champagne and getting ticker tape parades down Wall Street.
or maybe they are.
Tip O’Neill did not use “local” in the sense “it is used in physics.”
I guess “all physics is local.” except for gravity, and light from Alpha Centauri, though Einstein might have expressed doubt about that.
The man who helped cover up My Lai, Vietnam dies. General Colin Powell due to complications from Covid.
Behind Colin Powell’s Legend, by Robert Parry & Norman Solomon
http://www.consortiumnews.com, December 2000
This information is slowly disappearing from the internet as if it is being cleansed from it and U.S. History.
i’d been seeing ‘Let’s go Brandon!’ posted around the web, with no context and seemingly completely out of place…so i finally decided to google it, figuring i was missing something…
turns out there’s a new rap song by that title…but the phrase originated with NASCAR…
so now you all know the inside joke there too…
i regret my observation about “paraphrase.” it seems the more we talk about it the less we know. no doubt all politics is local in space-time, except when it isn’t. the arguments about climate change vs burdening our children with staggering debt certainly sound like they are about long term if not far away. of course our children might be grateful for the debt if it is what fed them while they were young, or left them with a planet worth living on.
in manchin’s case, the local and short term politics is strictly a matter of cash moving from coal interests to manchins interests, which apparently, because the opposition does not know how to gain a short term advantage, will result in long term and widespread (non local) consequences.
which might be more worth thinking about than the meaning of paraphrase.
I wish you wouldn’t be so perfectly blunt. I have been polite to you. Even friendly. And if you read what I said, you might even notice that I was agreeing with you.
Maybe we are looking at the blogger equivalent of road rage?