• Daily Digest

    Daily Digest 3/17 – The World Is Insolvent, Gig Economy Workers Are Our Newest First Responders

    by Daily Digest

    Tuesday, March 17, 2020, 6:08 AM

Economy

Will This Year’s Census Be the Last? (tmn)

Under the terms of the Constitution, everyone in the United States was to be counted, except “Indians not taxed” (a phrase that both excluded Native peoples from U.S. citizenship and served as a de-facto acknowledgment of the sovereignty of Native nations). Every person would be counted, and there were three kinds: “free persons”; persons “bound to service for a term of years”; and “all other persons,” the last a sorry euphemism for enslaved people, who were to be counted as three-fifths of a free person. It was a compromise between Northern delegates (who didn’t want to count them at all, to thwart the South from gaining additional seats in Congress) and Southern delegates (who wanted to count them, for the sake of those seats)—a compromise, that is, between zero and one.

WHO considers ‘airborne precautions’ for medical staff after study shows coronavirus can survive in air (Sparky1)

The virus is transmitted through droplets, or little bits of liquid, mostly through sneezing or coughing, Dr. Maria Van Kerkhove, head of WHO’s emerging diseases and zoonosis unit, told reporters during a virtual news conference on Monday. “When you do an aerosol-generating procedure like in a medical care facility, you have the possibility to what we call aerosolize these particles, which means they can stay in the air a little bit longer.”

One Simple Idea That Explains Why the Economy Is in Great Danger (jdargis)

Thanks to government statistical tables, we can understand the sheer size of the economic sectors that appear to be entering a near shutdown. The United States and much of the world are on the verge of a tremendous shrinkage in consumption spending, which in turn will mean less economic output and lower incomes among the people who provide those services.

The Covid-19 Dominoes Fall: The World Is Insolvent (Don R.)

On top of that, the net income of the family business plummets to near-zero in the recession, leaving insufficient income to pay all the debts the household has taken on.

This is an exact analog for the entire global economy, which pre-pandemic had assets with a market value of $350 trillion and debts of $255 trillion and thus a net worth of around $100 trillion.

Quarantine has serious impact on mental health. Here’s how to support yourself and others (Thomas R.)

Public guidance is currently vague, with various health officials offering different instructions. Among colleagues and acquaintances who were potentially exposed to coronavirus at the journalism conference I attended, some were told to isolate themselves entirely, others were told to simply avoid large crowds, and some were told it’s ok to get groceries as long as they keep their distance from others.

Health officials warn US government does not have enough stockpiled medical equipment to deal with coronavirus (Sparky1)

“We have been transparent that more supplies are needed — hence the request to Congress for additional funding so we could procure more and scale up production,” an HHS spokesperson said in a statement to CNN. “The role at the Federal level is to appropriately implement regulatory relief, provide alternative sources and support manufacturing, and adjust allocation to appropriately target areas in need.”

‘Try getting it yourselves’: Trump told governors they’re responsible for getting their own medical equipment to treat coronavirus patients (Sparky1)

The Times reported that Trump’s directive took some of the governors by surprise given that states are already working overtime to contain the spread of the novel coronavirus and are hoping for more federal aid.

Hospitals across the country are overwhelmed as the number of confirmed coronavirus cases continues to skyrocket.

Gig Economy Workers Are Our Newest First Responders (Sparky1)

These low-paid, unsung workers—Instacart shoppers but also the Amazon delivery folks and everyone else who is doing gig work today that helps other people engage in self-protective social distancing during the COVID-19 pandemic—are now the equivalent of first responders.

To Track Coronavirus, Israel Moves to Tap Secret Trove of Cellphone Data (Sparky1)

It was supposed to be approved by Parliament’s Secret Services Subcommittee on Monday but the subcommittee ended its discussions after 4 p.m. — when a new Parliament was sworn in — without holding a vote.

Mr. Netanyahu then said the government would approve emergency regulations on Monday night that would allow for the use of the data for a limited period of 30 days, with the permission of the attorney general.

Italy’s Coronavirus Victims Face Death Alone, With Funerals Postponed (Sparky1)

His wife of 50 years, Franca Stefanelli, would like to give him a proper funeral. But traditional funeral services are illegal throughout Italy now, part of the national restrictions against gatherings and going out that have been put in place to try to stem the spread of Europe’s worst outbreak of the coronavirus. In any case, she and her sons could not attend anyway, because they are themselves sick and in quarantine.

Don’t drink bleach to prevent coronavirus, poison control center says (thc0655)

The Virginia-based poison center said their curiosity leads them to handle products left within reach, and they may mistake cleaning products for something safe to eat or drink.

Some cleaning products (including bleach) are caustic, meaning they can cause burns when swallowed or when sprayed or splashed onto the skin or into the eyes

Why Americans Are Dying from Despair (jdargis)

Case’s husband, Angus Deaton, is also an economist at Princeton. In 2013, he published a sweeping economic history, “The Great Escape,” which traced the way people had become healthier and wealthier in the past couple of centuries, though at a cost to economic equality. During his research, he’d noticed that people’s happiness was largely disconnected from this story. As wealth rose, so did health and quality of life; happiness did not necessarily follow. He was struck, then, when his wife told him that pain rates had not declined, either.

Gold & Silver

Click to read the PM Daily Market Commentary

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

Related content
» More

12 Comments

  • Tue, Mar 17, 2020 - 10:27am

    #1

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 1836

    1+

    Hand washing

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 10:51am

    #2

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 1836

    When the food runs out in the big cities

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 11:00am

    Reply to #1
    TurquoiseRose

    TurquoiseRose

    Status: Member

    Joined: Feb 26 2020

    Posts: 65

    Country folk

    In my town’s newspaper, there was a fun article about a 4th grade teacher asking on a test:  What are the 4 seasons?  Over 90% of the class answered:  Deer, duck, pheasant and quail.  You cannot get workmen during some seasons.

    Bigger animals beware- They have been practicing their aim.  🙂

    I come from a family full of hunters.

    Maryland

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 11:36am

    Reply to #2
    ao

    ao

    Status: Platinum Member

    Joined: Feb 04 2009

    Posts: 1243

    Tom, a correction to your post

    You realize that should be “guns” as in plural, not “gun” as in singular, right?;-)

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 11:40am

    #3
    TurquoiseRose

    TurquoiseRose

    Status: Member

    Joined: Feb 26 2020

    Posts: 65

    DEA on prescriptions and office visits during Covid 19 pandemic

    DEA’s site on prescriptions and office visits during the Covid 19 pandemic.

    https://www.deadiversion.usdoj.gov/coronavirus.html

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 12:16pm

    #4

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 1836

    NYPD officers ordered to enforce DeBlasio’s shutdown orders

    https://defensemaven.io/bluelivesmatter/news/ill-equipped-nypd-cops-ordered-to-enforce-mayor-s-coronavirus-shutdown-OX–S4z85UuqO6W3YTpCzw

    …NYPD sources told Blue Lives Matter that despite the memo, the rank-and-file officers weren’t going out of their way to enforce de Blasio’s shutdown.

    The instructions to empty and shut down businesses went “in one ear and out the other” for most officers, according to one source.

    “No officer in his right mind is going to go into a restaurant and shut it down without being specifically told to do so by a supervisor who is there on the scene,” he told Blue Lives Matter.

    “The first time it goes south, what’s [de Blasio] gonna do?” the NYPD source asked. “Will the same support be given to these officers as was given to the officers who were asked to enforce tobacco sale laws?”

    The source was referencing the accidental death of Eric Garner during his arrest for illegal cigarette sales that led to a five-year-long investigation and the termination of NYPD Officer Daniel Pantaleo, despite the fact that federal prosecutors had decided not to charge the officer.

    Officers felt like the city and NYPD officials who ordered them to enforce the laws Garner was breaking turned their backs on them when that arrest ended tragically.

    The source also told Blue Lives Matter that it was crazy to expect officers to expose themselves to the virus by walking into large groups who voluntarily disregarded the mayor’s shutdown order.

    “Everyone was given one mask and a small bottle of hand sanitizer,” the officer said. “After that, nobody knows what the next step is. The department hasn’t given us the resources necessary to safely disperse large groups of people without being exposed ourselves.”

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 7:07pm

    #5

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 1836

    George Carlin on Germs

    Language warning. Political Correctness warning.

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 7:20pm

    #6

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 1836

    Due to the crisis, Philadelphia police will no longer be making arrests for many crimes

    http://www.bigtrial.net/2020/03/another-coronavirus-casualty-police-to.html

    At 4 p.m. today, because of the coronavirus health crisis, Philadelphia police will no longer be making arrests for all narcotics offenses, theft from persons, retail theft, theft from auto, burglary and vandalism.

    In addition, there will be no more arrests for all bench warrants, stolen autos, economic crimes such as passing bad checks and fraud, and prostitution.

    According to a message sent out this afternoon to all police chief inspectors, staff inspectors and police captains, Police Commissioner Danielle Outlaw, cops who “encounter persons who would ordinarily be arrested for these offenses . . . will adhere to the following procedures:”

    — Cops are to “temporarily detain the offender for the length of time required to confirm identity (this may require the deployment of mobile fingerprint scanners).”

    — Prepare all relevant paper work, and then “release offender.”

    — Send an arrest affidavit to the district attorney’s charging unit — where arrest warrants go to die — and if the charges are approved, detectives will obtain arrest warrants to “be served at a later time.”

    “If an officer believes that releasing the offender would pose a threat to public safety,” Outlaw wrote, “the officer will notify a supervisor, who review the totality of the circumstances and utilize discretion, in the interests of public safety…

    In addition, the George Soros-owned District Attorney, Larry Krasner, will be declining charges on some people the police arrest anyway and giving low bail or no bail to the rest. Many prisoners awaiting trial will also be released and trusted to show up in court at some future date when the crisis is over and the courts reopen. One can only hope they will have to double swear not to commit any more crimes until then.

     

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 7:31pm

    Reply to #5
    ao

    ao

    Status: Platinum Member

    Joined: Feb 04 2009

    Posts: 1243

    Tom, that was incredibly insensitive in these perilous times

    And I laughed my a** off until I was crying.  Thank you!

    Login or Register to post comments

  • Tue, Mar 17, 2020 - 11:52pm

    Reply to #1
    David Allan

    David Allan

    Status: Member

    Joined: Nov 15 2009

    Posts: 42

    1+

    Humour

    Tom, I’m going to ask Dtrammel to create a special thread for your best jokes. I’ve told the John Travolta one about 20 times and never failed to get a laugh.

    Please keep them coming

    Login or Register to post comments

  • Wed, Mar 18, 2020 - 5:05am

    #7

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 1836

    Humor

    Relax David. I steal all my humor off the the interwebs, but I’ll keep them coming because we all need the stress relief. The only exception is Philadelphia “humor.” That springs unbidden from my vast reservoir of despair and frustration from living there.

    Login or Register to post comments

  • Wed, Mar 18, 2020 - 4:04pm

    Reply to #7
    David Allan

    David Allan

    Status: Member

    Joined: Nov 15 2009

    Posts: 42

    1+

    Humour

    Very good Tom – you certainly ferret out some good ones. By the way my comment about getting dtrammel to create a hyper thread was my little joke – just incase you thought I was serious 😉

    Login or Register to post comments

Login or Register to post comments