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    Cargo Shipping Yard (Photo: Flickr/Ryan Stavely)

    Daily Digest 3/9 – California Port Pileup Leaves Old Records In The Dust, America’s jobless owe thousands of dollars in taxes on their unemployment

    by Daily Digest

    Tuesday, March 9, 2021, 4:08 PM

Economy

California Port Pileup Leaves Old Records In The Dust

Labor unrest at West Coast ports in 2015 was a landmark event for U.S. importers. Massive congestion amid contentious contract negotiations with the dockworkers union convinced some importers to shift business to East and Gulf Coast ports and diversify supply chains. But despite its lasting impact, what happened in 2015 pales in comparison to what’s unfolding at the ports of Los Angeles and Long Beach in 2021.

Data on the number of ships at anchor in San Pedro Bay is compiled by the Marine Exchange of Southern California. American Shipper compared the Marine Exchange’s 2015 numbers to congestion figures for 2020-21, measuring from the time anchorages started to fill in each case.

Many people who experience long-term symptoms from the coronavirus did not feel sick at all when they were initially infected, according to a new study that adds compelling information to the increasingly important issue of the lasting health impact of Covid-19.

The study, one of the first to focus exclusively on people who never needed to be hospitalized when they were infected, analyzed electronic medical records of 1,407 people in California who tested positive for the coronavirus. More than 60 days after their infection, 27 percent, or 382 people, were struggling with post-Covid symptoms like shortness of breath, chest pain, cough or abdominal pain.

Airline industry pushes US to standardize health papers

Leading airline and business groups are asking the Biden administration to develop temporary credentials that would let travelers show they have been tested and vaccinated for COVID-19, a step that the airline industry believes will help revive travel.

Various groups and countries are working on developing so-called vaccine passports aimed at allowing more travel. But airlines fear that a smattering of regional credentials will cause confusion and none will be widely accepted.

Blockbuster report delivers jaw-dropping revelations about potential origin of COVID-19

New reporting from journalist Josh Rogin adds more evidence to the theory that the novel coronavirus actually escaped containment from a lab in Wuhan, China, where it was being studied.

Politico has published a new excerpt from Rogin’s upcoming book — titled Chaos Under Heaven: Trump, Xi, and the Battle for the Twenty-First Century — in which the journalist cites United States State Department cables sent in 2018 warning that scientists were conducting risky coronavirus experiments in a Wuhan lab that was not equipped to contain the virus.

John McAfee charged with fraud over cryptocurrency

Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering.

Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee’s large Twitter following to inflate prices.

Retail stock investors don’t need big government interfering: Sen. Toomey

Pennsylvania Sen. Pat Toomey says Congress should avoid imposing unnecessary restrictions on investors as a result of the stock-market volatility that occurred in January in the wake of the short squeeze in GameStop Corp shares.

The comments come as members of Congress and regulators are reviewing zero-commission trading and the “gamification” of stock-market investing through the use of mobile apps.

Value Is Subjective: Neither Gold Nor Crypto Have “Real Value”

A major hurdle to the adoption of bitcoin is that while the average person may be at least open to the idea that fiat money is not the ideal, they still struggle to see a difference between fiat money and cryptocurrency. And this lumping together is not just held to the average adopter but includes many brilliant household names such as Peter Schiff and Elon Musk. This widespread conflation of cryptocurrency and fiat currency comes from two vital misunderstandings: a lack of an understanding of what exactly fiat is and a lack of understanding of value’s subjectivity.

Hackers Breach Thousands of Security Cameras, Exposing Tesla, Jails, Hospitals

A group of hackers say they breached a massive trove of security-camera data collected by Silicon Valley startup Verkada Inc., gaining access to live feeds of 150,000 surveillance cameras inside hospitals, companies, police departments, prisons and schools.

Companies whose footage was exposed include carmaker Tesla Inc. and software provider Cloudflare Inc. In addition, hackers were able to view video from inside women’s health clinics, psychiatric hospitals and the offices of Verkada itself. Some of the cameras, including in hospitals, use facial-recognition technology to identify and categorize people captured on the footage. The hackers say they also have access to the full video archive of all Verkada customers.

‘It just sucks’: America’s jobless owe thousands of dollars in taxes on their unemployment

Unemployment compensation is taxable. Many are just figuring this out as they sit down to do their 2020 taxes, even though they remain out of work.

For people who have been without a job for nearly a year, finding money to pay their tax bills is yet another financial burden coming at a fraught time. Advocates for the poor as well as some Democratic lawmakers are trying to get these tax bills waived entirely — or at least reduced.

Gold & Silver

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6 Comments

  • Tue, Mar 09, 2021 - 5:01pm

    #1

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2679

    5

    Peak Trust: public health officials

    https://www.aier.org/article/the-collapse-of-trust-in-public-health/

    Maybe you have noticed the rise in public incredulity toward the coronavirus narrative that you hear all day from the mainstream media. More doubts. More opposition. More protests. And far less trust. You are hardly alone. What began as a spark in the Spring of 2020 is now a raging fire. Try as they might to put it out, it is burning hotter and higher than ever before.

    The data are already in and the lockdown elites are getting worried. Rightly so.

    The great epidemiologist Donald Henderson in 2006 made two firm predictions of the consequences of lockdowns. First, he said, doing so would have no benefit in terms of disease mitigation. Indeed, lockdowns did not work.

    Second, he said that doing so would result in discrediting public health and cause a “loss of public trust in government.” The loss in public trust – not just officials but also in media – is palpably obvious.

    Turn your attention to a new round-up of surveys published in the New England Journal of Medicine. It specifically relates to vaccines but the results reflect a much broader loss of trust in general. Indeed, the surprising lack of public enthusiasm for the vaccines is but a symptom of a much larger problem.

    However, despite scholarship emphasizing the role of trust in institutions to provide relevant information, polls suggest that sources of technical information about safety are not greatly trusted. Specifically, there is limited trust in the media or pharmaceutical companies to provide Covid-19 vaccine information: as few as 16% and 20% of respondents, respectively, say they have “a great deal/quite a bit” of trust in these organizations to provide such information. The public also has only moderate trust in information provided by the Food and Drug Administration.

    The loss of trust was triggered by using an egregious and destruction means – lockdowns – in order somehow to achieve the unachievable; that is, the control of a widespread respiratory virus with severe outcomes for the elderly and sick but which is mostly mild for everyone else. It so happened that SARS-CoV-2 was not the universally deadly plague it was presumed to be one year ago, so these measures were wildly disproportionate.

    Even if the pandemic had been as grim as the models predicted, there is no evidence in the historical record of lockdowns doing anything about a virus except to disrupt and destroy social and market functioning in a way that makes dealing with severe health outcomes even more difficult....

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  • Tue, Mar 09, 2021 - 6:27pm

    #2

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2679

    7

    Peak Trust: WaPo says antivaxxers are domestic terrorists

    https://off-guardian.org/2021/03/08/called-it-wapo-calls-anti-vaxxers-domestic-terrorists/

    Back in January I wrote about how the Capitol Hill “insurection” was laying the groundwork for Biden’s administration to introduce a much-talked-about new “domestic terrorism” law.

    The piece speculated that any definition of “domestic terrorism” will be very loose, and include essentially anybody the state finds problematic. Including those who spread “anti-vaccine misinformation” [emphasis added]:

    What will “Domestic Terrorism” mean in this law? The answer to that is pretty much always “whatever they want it to mean.”

    It will probably be tied into the Covid “pandemic” in some way, too. After all, what is discouraging people from taking vaccines if not the very definition of “terrorism”, right?

    It took less than two months for the mainstream media to prove OffG right. Just last week the Washington Post ran an op-ed piece by California State Senator Richard Pam headlined:

    Anti-vaccine extremism is akin to domestic terrorism

    The article goes on to insist that “Laws need to be strengthened” to protect people administering vaccines from being “harassed”. That “Social media companies should not be complicit in this dangerous movement”, and caps it all off with glorious jingoism:

    Getting vaccinated is a patriotic act. So is speaking up to support public health efforts. Let’s not allow extremism, division or fear to slow the efforts to end this deadly chapter in our nation’s history.

    The message is clear: anyone who questions vaccination, especially the Covid “vaccine”, is a threat to public health and national security. A terrorist.

    The WaPo is the first mainstream outlet to make the parallel so blatantly, but they almost certainly won’t be the last.

    Be on the lookout for other examples. They’ll probably start building up this narrative quite fast....

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  • Wed, Mar 10, 2021 - 8:00am

    #3

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 309

    0

    What was it Krugman said about Fiat Hegemony?

    https://www.nytimes.com/2021/03/10/us/police-unions.html?smid=url-share

     

     

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  • Wed, Mar 10, 2021 - 10:16am

    #4

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 309

    0

    DiMartino on Kitco, BONDS!




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  • Wed, Mar 10, 2021 - 12:12pm

    #5
    DennisC

    DennisC

    Status: Silver Member

    Joined: Mar 19 2011

    Posts: 339

    1

    Time for a "Reincarnation"

    Bring back Patriot Bonds to financially help the government in its battle against domestic evil-doers, recalcitrants, deplorables, and disinformation specialists.  Special deal on the 100-year maturity issue.

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  • Wed, Mar 10, 2021 - 12:17pm

    #6
    Nate

    Nate

    Status: Silver Member

    Joined: May 05 2009

    Posts: 570

    9

    surprised?

    Various reports indicate that the vaccines cause more injuries and deaths than natural COVID-19 infections.  According to LifeSite, the different experimental vaccines' death rate for Israel's elderly is 40 times higher than COVID-19 deaths according to data presented by researchers. Pfizer's vaccine is said to have caused 40 times more death in elderly people and 260 times more deaths in the young than "what the COVID-19 virus would have claimed during the given time frame" of five weeks.

    Reports Indicate Vaccines Causing More Injuries, Deaths Than Natural COVID-19 Infections : US : Christianity Daily

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