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    Daily Digest 11/2 – The 1% Grabbed 82% Of New Wealth In 2017, Toxic Smog Descends On Delhi During Diwali

    by Daily Digest

    Saturday, November 2, 2019, 8:27 AM


Economy

The 1% grabbed 82% of all wealth created in 2017 (Adam)

The report also highlights the detrimental effects of gender inequality with data that show more men own land, shares and other capital assets than women.

Rising inequality has been a major topic at Davos for years.

Life expectancy for American men drops for a third year (Sparky1)

The average lifespan of men in the U.S. dipped to 76.1 years in 2017 (the latest data available), amounting to a four-month decline in life expectancy since 2014. The findings shed additional light on economic research into the sharp increase in recent years in deaths from overdoses and suicides among white men with less education.

Capital One customers couldn’t withdraw money for hours during system outage (Sparky1)

One Twitter user also complained about not being able to buy a ticket for a business trip and getting penalized by a company that couldn’t process a payment linked to the person’s Capital One account. Another person worried about what impact the outage would have on clearing written checks that could presumably bounce.

The Fed’s Liquidity Response Is Too Little Too Late – But That Was Always The Plan (thc0655)

When it’s all over, they want people dazed and shell-shocked, wondering how it happened and searching for anyone to point a finger at. The narrative will be that “it was a perfect storm of coincidences”, that it was “the evil of the political left”, or the “evil of the political right”. They want to turn public confusion into civil war, all while they sit back and enjoy the chaos from a comfortable beach chair and wait for the moment they can swoop in and act like saviors seeking to “end the madness”.

How Teenagers Are Using their Quinceañeras to Boost the Latinx Vote in Texas (tmn)

Since launching in May of 2019, the organization has teamed up with 30 quinces, including Alvarez’s. By reaching out to local choreographers, event planners, and dress shops in the Houston, Austin, and Dallas areas, they’ve become increasingly connected with interested young Latinx families gearing up to celebrate quinces. Jolt staff sets up a table at each event where they answer questions, register guests, and sign them up to receive reminders on when to vote.

Is California Becoming Premodern? (thc0655)

Californians know that having tens of thousands of homeless in their major cities is untenable. In some places, municipal sidewalks have become open sewers of garbage, used needles, rodents and infectious diseases. Yet no one dares question progressive orthodoxy by enforcing drug and vagrancy laws, moving the homeless out of cities to suburban or rural facilities, or increasing the number of mental hospitals.

The California haters are back. And once again, they get us all wrong (tmn)

First of all, we may be morons, but we have discovered that it’s possible to drink beverages without plastic straws. Second, I don’t know of anyone, liberal or conservative, who is not bothered by homelessness and the condition of our streets. And the rest of the country should be, too, since a lot of the people sleeping on our streets tell me they’ve come here from somewhere else, like the Midwest, the East and the South.

Oh that it should come to this Part 14 – Earth War (Jesper A.)

The citique or critical comment of ‘culture’, can we do such a thing? (see also afterword) How do we create stories? These threads of life which in all honesty we cannot know let alone tell of, or very well write of — the solution here is to accept life is transcient but also that men, having invented scripture and scribe, are intent on using it aimlessly as a tool. The tools of the mind are extensions which seen from a certain point of view help us to undo our own culture.

Waymo finally let a reporter ride in a fully driverless car (jdargis)

Niedermeyer reports that the trip involved an unprotected left-hand turn, “busy city streets,” and speeds as high as 45 miles per hour. Niedermeyer says that his 10-minute ride from a park to a coffee shop was uneventful—which makes sense given how carefully Waymo must have prepared for it.

Biosludge spread on food crops will soon contain dead human tissue as Washington legalizes “human composting” (thc0655)

Many other supporters of the bill claim that legalizing human composting will be great for the environment, as it’s supposedly “as close to the natural process of decomposition [as] you’d assume a body would undergo before we had an industrialized society.”

5 million masks distributed as ‘toxic’ smog descends on Delhi during Diwali (Sparky1)

For the second year running, the Supreme Court imposed severe restrictions on the use of firecrackers during the five-day celebrations of Diwali, the Hindu festival of light, to combat the high levels of air pollution. The city has been “shrouded” in the toxic smog for four days in a row, according to reports in the local press.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/31/19

Provided daily by the Peak Prosperity Gold & Silver Group

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4 Comments

  • Sat, Nov 02, 2019 - 10:02am

    #1

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1540

    2+

    Good news on Ebola in DRC

    http://raconteurreport.blogspot.com/2019/11/so-whats-ebola-outbreak-gotten-up-to.html

    Since August of this year (at our last update) up until now, it’s killed another 300 people. Which is exactly how long it took from initial outbreak (four months or so) to get to 300 deaths.
    So overall, it’s not spreading wildly out of control, so far as we know.

    Overall, there have been 2,184 deaths, out of 3,624 known cases. The bare death pctg. on that sits right around 60%, although to their credit, Wikipedia’s page posts the tally at a consistent 67% going back to May of this year, which means they finally started spotting the disease the 21-day span from appearance to death, rather than not counting how many dead now vs. how many had it 21 days ago. So, finally, that penny seems to have dropped for them.

    WHO reports that  a total of 243,322 people have been vaccinated to date usingthe 95+% effective rVSV-Zebov vaccine, which is the difference this time around between an epidemic, and a pandemic. It has also kept health worker casualties to 5% of the total, rather than 10% or more, as in prior outbreaks.

    And rVSV-Zebov is now going from unproven experimental vaccine to certified treatment. Due to impossible ethics concerns, standard protocols cannot be followed, so empirical evidence from this outbreak is being substituted, and it is or will be soon certified as a standard vaccine. Long -term effects will become apparent in the long term. If it turns out to be a problem, we won’t know for 5-20 years. But for this strain, it’s vastly superior to nothing at all, in the short-term.

    Contacts being tracked two months ago were 20,000+; now it is less than 5,000.
    Granting there are certain provinces, for all these numbers, where there is no medical contact, vaccination, and treatment presence, as has been true since mid-summer, due to the usual central African state of low-intensity guerrilla warfare, seeing contacts shrink this way is yuuuuuge for how well they’re containing the virus. So far.

    In short, vaccination has slowed the growth rate to a crawl, and given ordinary relief efforts time to educate and vaccinate around the disease before it could get to major cities, and turn into a pandemic, unlike what happened in W.Africa in 2014ff.

    That’s the difference a working vaccine makes. (And would have made five years ago.)

    Nonetheless, the saving grace in this outbreak continues to be raw grinding everyday poverty so severe that simply no one affected this time around could afford to get out and carry this to the first world. The rest is just happy and naked good fortune, far more than planned efforts. Had this outbreak made it to any city with an international airport, we’d have been in 2014 all over again, and it would continue to outpace all efforts, just as before. Instead, it burrowed deeper into poorer areas, and probably infected and killed more than the tally shows (as usual, because Africa), but quite nakedly, they’re poor Africans beyond accounting, rather than getting to, say, Mombasa, Kampala, Nairobi, and thence to London, Rome, Paris, NYFC, and/or the rest of the world.

    Huzzah. Thank the deity of your choice there. Pop a cork.
    This epidemic cannon shot went over the bow without striking anything vital.
    (Unless you’re one of the 3000+ wretches hit there this time around, or a family member of same, in which case, God help you.)

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  • Sat, Nov 02, 2019 - 11:08pm

    Reply to #1

    davefairtex

    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3233

    1+

    overdone

    I think this guy overdoes the fear.

    Science says, if you avoid “community deaths” and you do contact tracing, and you don’t touch bodies when you bury them, the epidemic stops.  That’s true for poor nations in Africa.

    In the DRC, they’ve managed to corral Ebola even though there is an ongoing low intensity civil war, and half the country treats the teams as though they are causing the infection.

    They corralled it in Liberia in 2014 without treatment options, and without a vaccine, just by following the science.

    Presumably, we could do as well in the US as they did in Africa.  Epidemiology would be different – fewer “community deaths” here, certainly – but we’d figure it out.

    To me the answer for our society is: be on guard, but don’t live in fear.

    ———–

    To remind everyone, here is what happens in the worst case scenario:

    A passenger, who is extremely infectious, takes 3 different flights, and collapses upon landing in a huge African city.  He lies to his doctor: “No, I have had no exposure to Ebola.”  They treat him for malaria, which of course does not work.  He eventually dies.

    https://www.cdc.gov/mmwr/preview/mmwrhtml/mm6339a5.htm

    Executive summary: he infects 19 people, of 894 contacts; 8 of them die.  (40% CFR).  12 of the infected people were healthcare workers at the hospital – the people who cared for this incredibly selfish man.  One of the 8 deaths was his doctor.

    https://www.bbc.com/news/world-africa-29696011

    Conclusions:

    Healthcare workers will be disproportionately affected by any Ebola outbreak, especially in a first world country.  (Fewer “community deaths” means more “hospital deaths.”)

    Rapid testing is crucial to the infection containment effort.

    If they can do it in Lagos, Nigeria, we can do it here too.

    Patients lie to their doctors.  And sometimes, that kills people.

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  • Sun, Nov 03, 2019 - 5:24am

    #2

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1540

    4+

    JEDKH

    41 seconds. Watch to the very end. “The Narrative” (TM) is crumbling. The Dirt People are waking up. The Cloud People must be getting nervous.

    https://mobile.twitter.com/kbq225/status/1190795004333215744?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1190795004333215744&ref_url=http%3A%2F%2Ftheferalirishman.blogspot.com%2F

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  • Sun, Nov 03, 2019 - 6:15am

    #3

    sand_puppy

    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1977

    8+

    Epsteins Guards

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