• Daily Digest

    Daily Digest 5/16 – ‘Stealth Bailout’ Sends Millions To Oil Companies, Vitamin D Deficiency May Be Linked To COVID-19 Mortality

    by Daily Digest

    Saturday, May 16, 2020, 7:31 AM


Economy

What Real-Time Indicators Say About The True State Of The US And Global Economy (Roger B.)

Cinemas remain dead around the globe, retail sales have managed a modest recovery in Germany if not in the US, while there was more good news in the real estate sector where transactions are trending upward in Korea and the US.

‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies (Adam)

As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little-noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then, it asked a bankruptcy judge to authorize the same amount as bonuses to nine executives.

The pandemic could drive homelessness up as much as 45%, an economist projects (Sparky1)

With much of the US economy shut down in an effort to prevent the spread of the coronavirus, the unemployment rate soared to 14.7% in April — its highest level since the Bureau of Labor Statistics started tracking the monthly rate in 1948.

An outbreak of severe Kawasaki-like disease at the Italian epicentre of the SARS-CoV-2 epidemic: an observational cohort study (Rebecca H.)

In the past month we found a 30-fold increased incidence of Kawasaki-like disease. Children diagnosed after the SARS-CoV-2 epidemic began showed evidence of immune response to the virus, were older, had a higher rate of cardiac involvement, and features of MAS. The SARS-CoV-2 epidemic was associated with high incidence of a severe form of Kawasaki disease. A similar outbreak of Kawasaki-like disease is expected in countries involved in the SARS-CoV-2 epidemic.

Hyperinflammatory shock in children during COVID-19 pandemic (Rebecca H.)

Clinical presentations were similar, with unrelenting fever (38–40°C), variable rash, conjunctivitis, peripheral oedema, and generalised extremity pain with significant gastrointestinal symptoms. All progressed to warm, vasoplegic shock, refractory to volume resuscitation and eventually requiring noradrenaline and milrinone for haemodynamic support. Most of the children had no significant respiratory involvement, although seven of the children required mechanical ventilation
for cardiovascular stabilisation.

Gilead should ditch remdesivir and focus on its simpler and safer ancestor (Paul D.)

Some background: Remdesivir works by interfering with the cellular machinery that allows viruses to replicate inside a human host. It is a pro-drug, meaning it must be metabolized and undergo a sequence of five bioactivation steps before it becomes GS-441524 triphosphate, the active compound that impedes viral replication.

Study: Vitamin D deficiency may be linked to COVID-19 mortality — how a common vitamin could become pivotal (Sparky1)

Vitamin D is critical for bone and muscle health and has shown effectiveness in combating depression. Nicknamed the “sunshine vitamin,” it is naturally produced by the skin when exposed to sunlight, but it can also be absorbed through vitamin-D-rich foods, such as salmon and whole eggs, as well as supplements. Deficiency in this vitamin, which is more common among black people, can lead to problems like bone issues and hair loss and can compromise the immune system.

New Genetic Analysis Shows COVID-19 Coronavirus Did Not Spill Over From Pangolins (Scaly Anteaters) (Howard)

Last December, an outbreak of the coronavirus disease (COVID-19) emerged in Wuhan, China. Recent studies have shown that severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) — the virus that causes COVID-19 — could have originated in bats. But SARS-CoV-2 may have spilled over to humans from another intermediate host, and the source of this virus is still unknown. To effectively control the disease and prevent new spillovers, it is critical to identify the animal origin of this newly emerging coronavirus. In the new study, Chen and colleagues examined whether pangolins could be an intermediate host for SARS-CoV-2.

Better Bedtime Stories (FAQs) (Phil D.)

We can share the secret with you, and while we can’t save the world all by ourselves, once you see it, you can start to improve things for your family. You start to connect the dots and better shape the pieces around you. It’s just easier when you can see behind the curtain.

Can you imagine the advantage your kids will have, to “get it” early?

Coronavirus Could Disrupt Weather Forecasting (JK)

In the United States data declined by 75 percent during the pandemic, according to the National Oceanic and Atmospheric Administration. Under the observational program, established in the 1960s, data from 3,500 aircraft operated by Delta, United, American and Southwest, and by the cargo carriers United Parcel Service and FedEx, is transmitted directly to National Weather Service forecasting operations.

Why Covid-19 plant shutdowns could make the Big Four meatpackers even more profitable (Sparky1)

That’s not to say that plant closures are economically beneficial across the board—far from it. Pandemic-related disruptions in meat processing have imperiled workers’ livelihoods, made meat more expensive in grocery stores, and have cost livestock producers millions in lost profits. But the four meatpackers who control more than 80 percent of cattle slaughter in the U.S.—Tyson, Cargill, JBS, and National Beef, known collectively as the Big Four—will likely be just fine. In fact, they’re structured in a way that insulates them from the worst economic impacts of this crisis—and may emerge from it even stronger.

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."

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5 Comments

  • Sun, May 17, 2020 - 2:01am

    #1
    ezlxq1949

    ezlxq1949

    Status: Bronze Member

    Joined: Apr 29 2009

    Posts: 385

    1+

    Eliot Ness, where are you?

    Then, it asked a bankruptcy judge to authorize the same amount as bonuses to nine executives.

    Good grief! Honestly, the 0.1% must think they're untouchable! Have these people NO self-awareness?

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  • Sun, May 17, 2020 - 3:59am

    MarkM

    MarkM

    Status: Silver Member

    Joined: Jul 22 2008

    Posts: 421

    1+

    Bailouts for oil companies

    Let me get my surprised face on.

    ezlxq1949, nothing will happen to these criminals. Nothing. Until it all burns to the ground.

    Sing this story wide and far.

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  • Mon, May 18, 2020 - 5:09am

    #3

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2065

    3+

    Shockingly, people from all over are flocking to SF to get a free hotel room and alcohol

    http://www.danielgreenfield.org/2020/05/san-francisco-besieged-by-homeless.html

    “People are showing up in San Francisco from other places and asking where their hotel room is,” Mayor Breed complained.

    “People are coming from all over the place, Sacramento, Lake County, Bakersfield,” Jeanine Nicholson, the first lesbian head of the San Francisco Fire Department, grumbled. “People are getting released from jail in other counties and being told to go to San Francisco, where you will get a tent and then you will get housing.”

    The people coming to the City by the Bay weren’t wearing flowers in their hair, they were homeless junkies who had heard that they were going to get free hotel rooms, along with pot and booze.

    And it was all true. Every word of it.

    San Francisco was spending $200 a night to house the homeless, or as the current politically correct euphemism insisted that they be called, the ‘unhoused’, in hotel rooms at a cost of over $100 million...

    ...Meanwhile the homeless were willing to take the hotel rooms, but they weren’t following the rules.

    The whole reason that San Francisco taxpayers were going to be out $200 a night for months was to save each crazed homeless junkie from spreading the coronavirus. But how do you do that when they won’t stop punching each other from less than 6 feet away, and won’t wash their hands before shooting up?

    “It’s been very challenging to get even some of the residents who are part of the shelter system and our hotels to comply with the orders, to even wear masks," Mayor London Breed complained. "It’s been so much harder to really care for this population especially when they won’t comply with simple directions or the orders we’re implementing.” She described it as an, “incredible logistical challenge.”

    The problem with homeless shelters has always been getting the homeless to stay in them. No matter how comfortable the facilities might be, the inhabitants go off searching for drugs and alcohol which they’re not allowed to have in the shelters, and there goes your whole shelter in place strategy...

    ...The homeless immigrating to San Francisco from less friendly parts of California are even dialing 911 to get a hotel room.

    “These people are very honest when you talk with them,” a paramedic quoted by the San Francisco Chronicle said, “They come right out and ask, ‘How do I get a hotel room?’”

    Then they start coughing and demand to be taken to their hotel suite.

    Mayor Breed has tried telling foreign homeless vagrants to go home and leave San Francisco alone. But how do you keep them down in Stockton once they’ve seen the free hotel rooms and booze in SF?

    “The reality is we’ve got to focus our limited resources on reaching the people who have been here on our streets for a long time,” she insisted.

    First squat, first served.

    The interim director of the homelessness department (presumably soon to be changed to the unhoused department or the ministry of poop walks) warned that free hotels rooms and pot will only be dispensed to those homeless who "have roots in San Francisco." The new arrivals will have to wait their turn.

    You can’t just show up in San Francisco and demand free booze and a hotel room. They’re not suckers.

    If you aren’t descended from the first hippies who came here with the first communes, go home. The free booze and hotel rooms are reserved for those with roots in the crackhead community.

    But homeless advocates rightly argue that this sort of NIMBY attitude is cruel and selfish. Why shouldn’t the homeless of the coast, the country, the continent, and the planet all show up in San Francisco?

    What’s with this homeless nativism that puts San Fran citizenship ahead of need?

    Sadly, San Francisco responded parochially to the influx of homeless by sending police officers out to intimidate the new homeless and prevent them from displacing the old homeless. Sometimes you have to destroy the new makeshift homeless encampment to save the old homeless encampment.

    And then, soon, you’re beating the undocumented and unhoused with nightsticks for social justice.

    Mayor Breed might as well just start building a wall to keep the Stockton homeless out while vowing to Make Homelessness Great Again by giving away pot and booze only to the city’s own homeless.

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  • Mon, May 18, 2020 - 5:23am

    #4
    David McKenney

    David McKenney

    Status: Member

    Joined: Mar 25 2020

    Posts: 84

    1+

    ApiJect

    Information about the new injection method.

    https://silview.home.blog/2020/05/16/its-not-5g-and-covid-19-its-data-and-vaccinations-us-government-bill-gates-and-china-have-long-used-who-as-proxy-to-collaborate-on-this/

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  • Mon, May 18, 2020 - 7:14am

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2145

    1+

    who whoulda thought?

    Amazing that giving away free stuff attracts people to your city!  Who knew?

    When I heard SF was putting up street people in hotels, I thought to myself, "you know word is gonna get around..."  The people on the street may be having lots of trouble but - like all humans, they love a windfall.

    I'm surprised Stockton and Sacramento isn't buying tickets for every street person that wants to go.  And certainly the other Bay Area cities must be simply delighted.  "It's just a BART ride away."

    I'm betting demand for a free hotel room and booze is virtually unlimited.

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