Relevant and even prescient commentary on news, politics and the economy.

What to do About The Schools

by Ken Melvin What to do About The Schools There needs to be a plan in place that deals with: grade levels, Covid Virus testing, schedules, classroom size, in-school traffic flow patterns, staffing, transportation, …  The how and when are tied together. And yes, all these are interconnected. How to safely get 3,000 high school […]

Fauci: No scientific evidence the coronavirus was made in a Chinese lab

National Geographic published this.  This seems to be an unusual topic for that publication and I wonder why Fauci selected  it. Fauci: No scientific evidence the coronavirus was made in a Chinese lab The rest is copied exactly from National Geographic Fauci, the director of the U.S. National Institute of Allergy and Infectious Diseases, shot […]

A simple plan to produce billions of N95 masks

We desperately need to increase our capacity to test for COVID-19, to trace contacts, and to produce masks and other forms of personal protective equipment.  This will allow us to keep the virus under control and to cautiously re-start economic activity as we await development of a vaccine.  Unfortunately, President Trump has made it clear […]

April jobs report: disastrous, but not as cataclysmic as feared; lower paid part time workers take the biggest hit

April jobs report: disastrous, but not as cataclysmic as feared; lower paid part time workers take the biggest hit   HEADLINES: -20.5 million jobs lost. Between March and April this is a loss of 14.0% of all jobs since February. U3 unemployment rate up 10.3% from 4.4% to 14.7% U6 underemployment rate rose 14.1% from […]

A Very Grey Swan

A Very Grey Swan Keynes and Knight famously simultaneously in 1921 identified the concept of fundamental uncertainty as a situation not understandable by using a probability distribution, an idea popularized by Nassim Taleb just as the 2008 crash happened as a “black swan.”  Taleb defined white swans as situations describable by Gaussian normal distributions.  For […]