Coronomics (A New Term)

This damn virus, the Covid-19, has brought about a whole bunch of new thinking and responses to a crisis……even some new terms for the analysis…..Coronomics is the one that I wish to introduce to my reader.

Economics is not something that most people will want to read about….but maybe they should because this virus is playing fast and loose with their economic future.

The ugly side of the economics of the pandemic……

The chart shows that 9.9 million initial unemployment insurance claims have been made over the last two-week period, creating a graphic described as "difficult to stomach" by economic analysts. (Source: The Block/FRED)

That extension of the Unemployment insuarnce has its dark side as well…..

It’s worth noting that UI claims do not include many workers who are out of work due to the virus, including independent contractors, those who don’t have long enough work histories, those who had to quit work to care for a child whose school closed, and more, so the actually number of people out of work is higher than today’s’ data show us. One of the most effective parts of the CARES ACT, the relief and recovery act that Congress passed last week, is a $250 billion expansion of unemployment insurance, including an increase in the level of benefits and the creation of a Pandemic Unemployment Assistance (PUA) program which will be available to many workers who are not eligible for regular unemployment insurance. These provisions are very important and will help millions. However, the broader stimulus package contains many weaknesses that reduce its effectiveness, which is regrettable because the job loss we have seen so far is just the tip of the iceberg. Based on new GDP forecasts, we project that nearly 20 million workers will be laid off or furloughed by July, with losses in every state. And importantly, the GDP forecasts these projections are based on include the impact of the CARES Act and they assume that Congress will pass another relief package focused on aid to states. That implies that far more than 20 million workers will be laid off or furloughed if there is not another meaningful relief and recovery bill.

(commondreams.org)

Small businesses are suffering because of this shelter in place orders and there are those that will take advantage of the situation…..those crooks in the “pay day loan” business…..

one industry, which offers an obscure form of financing to small businesses called Merchant Cash Advances (MCA), has seemingly taken a different approach.

“There’s lots of talk about helping small businesses. But in the last few days, lawyers running lawsuit mills are suing small businesses to extract cash,” Federal Trade Commission member Rohit Chopra tweeted on March 19 about the MCA industry. “The lawyers work for lenders that offer pricey payday-style loans using sketchy contract terms to restaurants and businesses.”

MCAs are a form of financing typically leveraged by small businesses that don’t have access to traditional loan options. MCAs are not loans, rather, they’re the sale of a portion of a business’s future income at a discount. Typical MCA agreements require businesses to make payments every business day of a set dollar amount until the agreement is settled.

MCA agreements often include “confessions of judgment,” clauses that force businesses to plead liable if the MCA provider alleges that the agreement has been breached, which can occur if the business misses just one or two of their daily payments. The agreements typically grant providers the immediate right to the outstanding balance from the business in the event of a breach.

https://dailycaller.com/2020/03/30/itria-ventures-merchant-cash-lawsuits/

Your ordinary economic solutions will be as worthless as the promises from the White House……

We have seen crashes before, recessions and depressions, but nothing like this. Our fear of coronavirus has hindered and halted every aspect of daily life. We look out of our windows and barely recognise the country we’re in: police film dog-walkers and pour black dye into lagoons to deter swimmers. We wait in queues for empty-shelved supermarkets. The stock market collapses, surges, then collapses again. None of the old rules make sense. Welcome to the world of Coronomics.

If this were a normal recession, the remedy would be simple: encourage people to go out, spend money and boost the economy. But today’s public health concerns require the government to repress the economy, while trying to keep it afloat at the same time. Streets are quiet, hotels are empty, restaurants, pubs and high-street shops are shuttered. To tackle the virus, the economy must hibernate.

https://www.spectator.co.uk/article/coronomics-ordinary-remedies-wont-be-enough-for-a-surreal-crash

The Atlantic has offered up 4 Rules for the economics of this pandemic……

Rule 1: “Save the economy or save lives” is a false choice.

Last week, a group of economists from the Federal Reserve and MIT published a paper on the 20th century’s most murderous flu, the 1918 outbreak. Because the federal government in 1918 offered little if any economic assistance to suffering Americans, the local response from city leaders varied widely. Some places, such as New York and St. Louis, quickly ordered social distancing and other interventions, while others, such as New Haven and Buffalo, allowed public gatherings even weeks after the flu reached crisis levels. This variance gave researchers the ability to see which cities recovered the fastest after the outbreak.

https://www.theatlantic.com/ideas/archive/2020/04/new-laws-pandemic-economics/609265/

These small businesses pay their taxes (or they should be) and if the government needs to step in and protect them from failing then I have NO problem with that solution.

I ask just one thing….please stop jumping down my throat when I write about socialism for this solution is socialism 101….

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”

HISTORY OF TOILET PAPER, PART II – BY ELLIN CURLEY — Serendipity Seeking Intelligent Life on Earth

I thought in these trying times in these trying times in the search for TP….I thought that a more in-depth look at the item and its history might help understand the need.

I recently wrote a blog about the history of toilet paper and the response was so enthusiastic, I decided to look further into the subject. Before toilet paper came into existence in 1857, people used leaves, moss, stones, corncobs or whatever was handy. The Romans used a sponge on a stick which doesn’t sound too […]

HISTORY OF TOILET PAPER, PART II – BY ELLIN CURLEY — Serendipity Seeking Intelligent Life on Earth

A Final Sunday Thought–Masks

In these dark days of the Covid-19 invasion the need for adequate face masks in a necessity and yet they are almost nowhere to be found…..so as a FYI for my readers I will help if possible.

This is a no-sew face mask and is easy as pie……I am sure since there is a shortage most people have taken to the internet to find out what they can do…..but in case some readers are still in the dark I thought I could help……

This should help until supplies become available for the rest of us….

Be Calm…..Avoid Crowds….Wash hands often…..Stay Prepared……

Be Well….Be Safe……

“lego ergo scribo”

Will Those That Pray Together Die Together?

In this time of need and this time of separation there are a few states that are letting their residents meet and pass their germs from one to another.

I know what the Hell am I going on about, right?

I am talking about the irresponsibility of religious leaders…..like these…..

Then there is Franklin Graham….a slug from the get-go…..

Franklin Graham blamed sinners for the COVID-19 coronavirus epidemic during a Saturday night appearance on Fox News.

Host Jeanine Pirro noted the growing death toll and wondered how God could let that happen.

“Well, I don’t think it’s God’s plan for this to happen,” Graham said.

“It’s because of the sin that’s in the world, judge,” he argued.

https://www.rawstory.com/2020/04/watch-franklin-graham-tells-jeanine-pirro-coronavirus-pandemic-is-because-of-people-sinning/

I have NO use for parasites such as these “leaders”……These fools should be charged with Criminal Endangerment….

There are a few states that exempt religious gatherings from the separation orders that all of us are suppose to be honoring…..

Florida is among several states issuing orders for people to avoid leaving their homes but granting certain exemptions for religious services over concerns that forcing houses of worship to close would violate the constitutional right to religious freedom.

Michigan, New Mexico, Delaware, Ohio, Texas and West Virginia have also allowed some exemption for religious services.

Other states with stay-at-home orders, such as Virginia and Maryland, are requiring places of worship to limit in-person services to 10 people to comply with bans on large gatherings while adhering to physical distancing measures. Many houses of worship across the country have voluntarily ceased holding public services.

https://thehill.com/homenews/state-watch/490908-florida-other-states-allowing-church-services-during-coronavirus

I have no problem with people needing spiritual help….but not at the expense of the health of us all……

Personally, anyone that ignored the separation orders that tests positive should be fined heavily and those religious leaders that promoted these people to violate the order should be fined heavily as well and a mandatory prison term of 1 year…..no exceptions….no excuses…..

People that need others to pray with them have NO spiritual connection….they just need to be around others not that the religion has a whole lot to do with it.

This is another one of those WTF moments that I go on about…..no accounting for stupid…..you just cannot fix stupid.

I Read, I Write, You Know

“lego ergo scribo”

A New Side Effect–Snitching!

This virus has given us bloggers lots to write about…..the horrible responses…the lack of equipment….the shortages in food and stuff….lots to write about.

There is one aspect that is a by-product of the shelter in place orders all over the country……that aspect is SNITCHING on neighbors…..

Reminds me of the days of the Nazis when neighbors snitched on their friends…..and kids snitched on their parents……or maybe the KGB tactic of employing snitches……anyway we now have our own brand of snitches.

Time calls it “a snitching epidemic.” Slate calls it “when petty neighbors become the social distancing police.” Others think it’s precisely what is needed. As the coronavirus pandemic ravages the globe, neighbors are increasingly tattling on neighbors or local businesses violating social distancing rules. The AP rounds up a number of stories of businesses—bars, a yoga studio, a golf course—that were forcibly shut down, cited, or even saw owners arrested after someone informed the cops they were violating orders for non-essential businesses. And it notes that in some cities, authorities are actually patrolling the streets, neighborhoods, parks, or recreational areas on the lookout for violators. More on the COVID-19 tattletale phenomenon:

  • Social media: At Slate, Heather Schwedel specifically calls out NextDoor and local Facebook groups, where posts wondering if “anything can be done” about groups of kids playing have become commonplace. The Washington Post also noted increased “shaming” on NextDoor, though both the Post and the New York Times say people have been offering up help on the site, too.
  • Around the US: Authorities in Newark, N.J., shut down 15 businesses in one night and cited 161 people for violating restrictions issued by the governor. Maryland State Police said they had so far conducted almost 6,600 business and crowd compliance checks. A Denver team had by Tuesday cited five businesses that tried (and failed) to claim they were essential, and warned more than 600 other businesses and individuals while canvassing the area. States including Kentucky and New Jersey have set up hotlines for people to call in reports of violators. State police in Colorado and Michigan had to resort to asking residents to stop calling 911 with questions about the virus and associated guidelines.
  • It’s not just about social distancing: In California, some Coachella Valley police departments have received 911 calls from people concerned their neighbors’ loud coughs might be the virus, the Desert Sun reports.
  • Taking matters into their own hands: A Maine sheriff’s office is investigating a man’s claim that his neighbors felled a tree and blocked his road to keep residents of the home from leaving because the neighbors believed they may have COVID-19.
  • Opinions: Some columnists, like Kevin Manahan at NJ.com, are fully in favor of the neighborly snitching. “I have an important message for neighborhood busybodies across the state: Do your job!” he writes. “Peek from the curtains. Peer from the blinds. Call the police. … If you see something, say something.” Others, like Jeff Charles at Red State, are decidedly on the other side. He calls the trend “annoying,” irritating, intrusive, and potentially dangerous.”
  • What’s to come? Charles notes, “The last thing we need is a cultural paradigm shift towards an environment in which individuals run to Big Brother whenever they see someone else seemingly breaking the rules. … This trend will likely create a similar societal atmosphere to that which one experiences in countries under the rule of totalitarian governments. When one has to fear being turned in by one’s neighbor, it’s only a matter of time before Americans grow even more divided.”
  • Quite a change: At the Week, Jeva Lange notes that this type of snitching is something typically expected of a so-called “Karen.” Not so anymore. “Americans are increasingly emboldened to protect their communities, taking a ‘Wall of Shame’ approach to posting photos and videos of strangers on social media who break the rules.”
  • Et tu, dude? At Beach Grit, surfer Chas Smith bemoaned the fact that many surfers took to social media to post pictures of other surfers congregating too closely on the beach or in the water—and many beaches ended up getting shut down. “Surfer fingers pointed in sneering, paternal derision? Wild.”
  • Not just a US trend: The BBC reported last week that a UK police department was getting “dozens and dozens” of calls a day from concerned neighbors. Residents are allowed just one form of exercise per day, and the police chief says, “We are getting calls from people who say ‘I think my neighbor is going out on a second run—I want you to come and arrest them.'” The AP notes Spain has arrested almost 2,000 people and fined more than 230,000, sometimes with help from so-called “balcony police” taking photos or videos of violators. And a police website set up in New Zealand for the public to report violators crashed when too many people tried to get on at once.
  • On a semi-related note, the Atlantic points out what it calls “the social distancing culture war”: Oftentimes it’s those on the left more willing to abide by social distancing rules and those on the right who are not.

What’s the old saying…”Snitches get stitches”…..

Please…what do you thinking of this snitching thing?

And then there is the “shaming” thing that is so popular on social media…..stuff like body shaming…..now it has invaded the virus news as well……

Bella Lamilla was hospitalized in terrible shape, but did she know what others were saying? One hopes not. “It was ugly,” says her great-nephew. “It hurt a lot.” That’s because Lamilla, Ecuador’s “patient zero,” was ripped apart on social media for contracting the coronavirus—one of several known incidents of COVID-19 patients being shamed, castigated, or abused because they fell ill, the AP reports. In Haiti, an orphanage was stoned after a Belgian volunteer tested positive; in Indonesia, a professional dancer was unfairly accused of selling herself after she got sick; in India, the Guardian reports, doctors were evicted by landlords who feared they might infect other tenants. And psychologists say this dark side of human behavior is nothing new.

“Illness is one of the fundamental fears humans have been dealing with their entire evolution,” says a psychology professor at the University of California, Davis. “It’s not really surprising they would be hostile toward someone they believe is responsible for bringing illness into their community.” That must be cold comfort for Lamilla’s family, who self-quarantined after she fell ill on a plane-ride home and was soon intubated, unconscious, at a hospital. “How irresponsible,” one Facebook user said of photos feting her recent return. Lamilla and one of her sisters both died of the illness, leaving her family to grieve in quarantine. “Patient zero didn’t create the virus,” says a family member. “She never knew she had it.”

Sadly human nature can be so ugly and dark at times of confusion…….

Watch This Blog!

I Read, I Write, You KNow

“lego ergo scribo”

Toilet Paper–Rest Of The Story

The weekends I try to become an FYI blog…..some things need to be explained….and Toilet Paper is one of those things in gthis time of extreme need.

One of the biggest stories of this pandemic crisis is the fact that Toilet Paper is hard to find…..so we are hoarding the stuff…..but why?

A better question is what brought on the hoarding stuff anyway…..I mean this virus does not give one any symptom that would require lots of TP….so what is the rest of the story?

Haters love to blame “hoarders” and “panic buyers” for the lack of toilet paper on store shelves and to decry the “irrationality” of people who rushed stores to stock up amid the coronavirus pandemic. But at Medium, Will Oremus explains the truth lies elsewhere. Yes, there were some who panic-bought, especially when pictures of empty shelves hit social media. But the vast majority of people are not hoarding TP. Here’s the simple reality: With at least three-quarters of the United States under stay-at-home orders, people will legitimately need more toilet paper (one estimate pegs it at 40% more) because they’re not using bathrooms at work, school, and restaurants these days.

Commercial and consumer toilet paper aren’t the same thing: The former comes on supersize rolls, is thin, and is shipped in bulk. And they often aren’t made in the same mills. Now there’s “a huge leap in demand for a product”—that would be consumer toilet paper—”whose supply chain is predicated on the assumption that demand is essentially constant.” If you’re thinking commercial makers should just switch gears, Oremus explains the problem: “Shifting to retail channels would require new relationships and contracts between suppliers, distributors, and stores; different formats for packaging and shipping; new trucking routes—all for a bulky product with lean profit margins.” Investing in that shift likely wouldn’t be worth it, because those manufacturers would have to flip back when this is all over. (Read the full piece for more on how there’s a similar issue with bananas.)

Does that help clarify why we have a shortage in toilet paper?

Speaking of crappy situations……

Even during a global pandemic there is government waste to report. Here is a great example. The toilet system on two new, state-of-the-art Navy aircraft carriers is so crappy that it must be cleansed with specialized acids that cost American taxpayers a breathtaking $400,000 a flush. It may seem like a bad joke but, sadly, it is par for the course for many government agencies. The outrageous toilet expense is a snippet of a larger problem involving the Navy’s multi-billion-dollar budget to maintain its fleet. A new federal audit offers a break down by ship class and, while there are other highly questionable losses, the defective toilets appear to be in a class of their own.

Crappy Toilets on Navy’s Multi-Billion-Dollar Warships Cost $400,000 a Flush to Unclog

More taxpayer money flushed down the toilet….well if they actually worked that is……..

Remember….stay calm…..avoid crowds…..wash hands often…..stay prepared.

Be Well….Be Safe

Watch This Blog!

I Read, I Write, You Know

“lego ergo scribo”

Navy Screw Up!

The Big Stick has a problem with the virus and the captain put it on a northerly course and asked for help to evac the crew.

It seems he, the captain, has run afoul of a Trumpian tool in the Secretary position…..and has lost his command……

The captain of a US aircraft carrier has lost his command after asking the Navy to let him evacuate crew members who tested positive for the coronavirus. Thomas Modly, acting secretary of the Navy, said Thursday that he gave the order to relieve Capt. Brett Crozier of his command, the Wall Street Journal reports. Crozier had written his superior officers asking for permission to remove ill crew members from the ship in Guam, where the USS Theodore Roosevelt is docked. It wasn’t possible to isolate ill patients on the ship, he said. The San Francisco Chronicle, Crozier’s hometown newspaper, saw a copy of the memo and reported it; Modly declined to say whether he thought Crozier leaked it but said that would violate Navy policy. Crozier did forward the memo to as many as 30 people, Modly said. President Trump said late Thursday that he didn’t agree with distributing the memo, “not even a little bit.”

Modly said Crozier, who had written his bosses that “sailors do not need to die,” had exercised poor judgment, per ABC. “I lost confidence in his ability to lead that warship as it continues to fight through this virus, get the crew healthy, so that it can continue to meet its national security requirements,” he said. Distributing the memo, Modly said, “was a completely unnecessary thing to do in the midst of a crisis.” The ship has nearly 5,000 personnel on board. Modley said Friday that 114 sailors had tested positive and that the number would climb, per NPR, “maybe in the hundreds.”

I think it is a dereliction of duty for this man to be removed…..he did what he thought was the best thing for the men and women under his command and to be treated like this by the Trump admin is just pathetic……and I am not alone…..

Veterans have spoken out against the decision to relieve the captain of the U.S.S. Theodore Roosevelt after he sent a letter to the Navy pleading for help after his ship was stricken with the coronavirus.

Thomas Modly, the acting secretary of the Navy, accused Capt. Brett Crozier of having “poor judgment” for using a “non-secure, unclassified” email address to write an email to his immediate chain of command which also included “20 or 30” additional recipients.

Crozier’s letter, which was then leaked and published by the San Francisco Chronicle, asked officials for help in isolating more than 4,000 sailors onboard the aircraft carrier docked in Guam, after a COVID-19 outbreak was detected among its crew. A day after the letter was published, around 1,000 sailors were removed from the Theodore Roosevelt. A total of 114 crew have since tested positive for COVID-19.

https://www.newsweek.com/coronavirus-navy-ship-captain-brett-crozier-1495923

In this time of crisis is this the time to be playing politics?

And the SecNav is just another sycophant that does Trump’s silly work….he should be ashamed.

The captain’s men showed how they feel about their captain…..

The captain of a Navy aircraft carrier fired Thursday after asking superiors to let him evacuate crew members sick from the coronavirus received a heartfelt goodbye from the sailors in his charge. Per USA Today, videos on social media showed rousing shows of support Friday aboard the USS Roosevelt, now docked in Guam, in a send-off for Capt. Brett Crozier. “Now that’s how you send out one of the greatest captains you ever had!” one man in a clip shown on Facebook proclaimed. The man in the video added, “The GOAT [Greatest Of All Time], the man for the people.” In another video, along with the caption “So long to our hero Captain Crozier,” a man (apparently Crozier) strolls down the ship’s gangway and to a waiting car, to cheers, applause, and chants of “Captain Crozier! Captain Crozier!”

Crozier was relieved of his command after sending an urgent memo on Sunday to the Navy, asking to get sick crew members off the ship and into isolation. The letter ended up getting leaked to the San Francisco Chronicle, which published it. Acting Navy Secretary Thomas Modly says Crozier was let go because he sent the letter via “non-secure unclassified email” to a “broad array of people.” Modly added that Crozier showed “extremely poor judgment” and incited “panic” on the ship. In a statement to NBC News, sailors from the ship said, “Modly has broken faith with the crew” and that “there was nothing alarming or sensationalist in Capt. Crozier’s letter. It was simply a recitation of the bleak facts facing this warship. Capt. Crozier has the full faith and confidence of this crew, who would sail with him again at a moment’s notice.”

I Read, I Write, You Know

“lego ergo scribo”