A few days ago I mentioned that the $US as World Reserve Currency had no rivals. I’m not quite sure why anyone ever thought the Euro could challenge but over a decade of unnecessary austerity and now the Coronavirus crash should disabuse any rational person of that notion. Last Chance to Save the Euro? By …
Category: News
Apr 09 2020
And Counting
I guess Wall Street is happy Liz and Bernie are out but that doesn’t change the fundamentals a bit. 6.6 million Americans filed for unemployment last week, bringing the pandemic total to over 17 million By Heather Long and Andrew Van Dam, Washington Post April 9, 2020 The surge of job losses continued last week …
Apr 08 2020
Pondering the Pundits
Pondering the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news media and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important. Thanks to ek hornbeck, click on …
Apr 08 2020
Mostly Bad News
So I’ve had a chance (and the will since what I actually want to do is crawl under a rock) to visit some of my Economic sites which are a catalog of Neo Liberal Fail. Ian is relatively positive (for him) and has been uncharacteristically productive. Geopolitics and the Economy After Covid-19 by Ian Welsh …
Apr 08 2020
The Importance Of Ignorance
All hail the Great God Mammon! Bow before Him! Sacrifice your Children and Elders that you may experience His Bounty! Yeah, this is about Money again. Get over it. Money is a mechanism for facilitating Trades. That’s it. The Neo Liberal Elite think you can’t handle the notion so it’s best to keep the Peasants …
Apr 07 2020
Navy Language
I have been reliably informed by an Online Test (and you know how accurate those are) that I swear like a Millennial and it’s true I’m on a constant lookout for new words and ways to string them together. The temptation to use another title more descriptive of Acting Secretary of the Navy Thomas Modly …
Apr 07 2020
What Passes For Normal
I must admit my primary reaction to John Oliver’s piece this week on One America News is thank goodness it’s not about Coronavirus.
Apr 07 2020
Essential Workers
Parents and other people with replacement humans in their lives (fortunately not me since I’ve no place for the leftovers) may rejoice as Prime Minister Jacinda Ardern of New Zealand has declared the Tooth Fairy and the Easter Bunny ‘Essential Workers’. Easter Bunny and tooth fairy are ‘essential workers,’ New Zealand prime minister says by …
Apr 06 2020
Let’s Do Some Maths, Shall We?
Even the most conservative estimates suggest that eventual exposure to Coronavirus is inevitable for 90% of the population here in the United States. Now, it’s not Pancreatic Cancer and Doctors can help but you’ll probably be very, very sick and you could die. What we are doing now with the Social Distancing is attempting to …