The recent insider trading by members of Congress (notably but not exclusively by Senator Burr) is appalling. One policy response – advocated for by Elizabeth Warren – would prohibit MOCs from investing in the stock of individual companies, requiring them instead to invest in mutual funds. This would prevent the type of corruption evident in […]
In case you missed it, here's the recent ad from Republicans for the Rule of Law featuring President Trump's own words on the pandemic. pic.twitter.com/mExr5eGqhr — Bill Kristol (@BillKristol) March 22, 2020
AFL-CIO has a Plan From the AFL-CIO website: PRIORITIES OF THE LABOR MOVEMENT TO ADDRESS THE CORONAVIRUS: PROTECT FRONT-LINE WORKERS Streamline approaches for allocating and distributing personal protective equipment to working people in greatest need. Issue a workplace safety standard to protect front-line workers and other at-risk workers from infectious diseases. Provide workplace controls, protocols, training […]
Lockdowns work 1. San Francisco (lockdown ordered March 16) vs. New York City (lockdown ordered March 20) 2. San Francisco vs. Miami-Dade County (no lockdown)
Coronavirus dashboard for March 24 Here is the update through yesterday (March 23) In order to succeed in containing the pandemic, I believe that the US needs 2 weeks of China (nearly complete lockdown) followed by at least a month of South Korea (very aggressive and widespread testing). At minimum, that means at least 50% […]
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 […]