• Daily Digest

    Daily Digest 9/8 – Critical Infrastructure Deadlines Loom, Historic CA Fire Season Forces Blackouts, Rescues

    by Daily Digest

    Tuesday, September 8, 2020, 7:40 AM


Economy

Tax the Ultrarich? Cuomo Resists, Even With a $14 Billion Budget Gap (jdargis)

Mr. Cuomo, however, says the potential benefit of new revenue from taxing the rich would be far outstripped by the negative impact on the state’s highest earners, who already shoulder the bulk of the state’s taxes.

“I don’t care what you increase taxes to, you couldn’t make up that deficit,” Mr. Cuomo said last week upon releasing a letter asking congressional leaders for a whopping $59 billion to cover two years of projected state deficits and more.

Fascism Scholar Says U.S. Is ‘Losing Its Democratic Status’ (edelinski)

Jason Stanley, a professor of philosophy at Yale University, offers one perspective on the word. He defines fascism as “a cult of the leader who promises national restoration in the face of humiliation brought on by supposed communists, Marxists and minorities and immigrants who are supposedly posing a threat to the character and the history of a nation.”

Stanley, who is the author of the 2018 book How Fascism Works: The Politics of Us and Them, tells NPR’s All Things Considered: “The leader proposes that only he can solve it and all of his political opponents are enemies or traitors.”

Gold-Stock Correction Mode (hail)

Many if not most traders hate these necessary selloffs after bull-market uplegs. Unlike powerful rallies to major new highs, corrections aren’t any fun. But they do offer the best opportunities to buy relatively low in ongoing bull markets. Bulls’ inevitable alternating series of uplegs followed by corrections also greatly expand their tradable gains. Correction bottomings are when to buy low before later selling high at upleg toppings.

Senate returns with a path to nowhere on coronavirus aid (tmn)

“It does not contain every idea our party likes,” the Kentucky Republican said. “I am confident Democrats will feel the same. Yet Republicans believe the many serious differences between our two parties should not stand in the way of agreeing where we can agree and making law that helps our nation.”

But it’s unclear whether McConnell has at least 51 GOP votes for the plan. Some Senate Republicans have been pushing for language related to “school choice” programs, complicating the process for McConnell and party leaders. And the measure almost certainly does not have the 60 votes needed to overcome a filibuster.

The Pandemic Was Supposed to Be Great for Strongmen. What Happened? (jdargis)

This spring, when all of Europe was in lockdown to combat the coronavirus pandemic, Mr. Lukashenko informed Belarusians that there is nothing to fear. The best thing they could do, he said, was ignore the global hysteria, head to football stadiums and cheer on their favorite clubs. Many did so; many also got infected with the virus and died. We can only speculate how many Belarusians would have taken to the streets were it not for Covid-19. But it is clear that the government’s feckless response to the pandemic was a turning point.

UN Forced to Admit Gates-funded Vaccine is Causing Polio Outbreak in Africa (thc0655)

Shocking as it sounds, this Big Pharma debacle is not new. After spending some $16 billion over 30 yea

India now 2nd behind US in virus cases amid economic pain (tmn)

On Monday, the Delhi Metro, which serves India’s sprawling capital, New Delhi, and adjoining areas, resumed operations after remaining shuttered for more than five months. The commuters were scarce and stations deserted. Only asymptomatic people were allowed to board the trains, with masks, social distancing and temperature checks mandatory.

Security personnel used metal detectors attached to rods to ensure social distancing during frisking at the stations, and commuters were allowed to enter only after sanitizing their hands.

Sent Home To Die (tmn)

In that moment, Ochsner made a decision in stark contrast to those made by other hospitals in COVID-19 hot spots across the country: At a time when relatives were being kept away from their sick loved ones to prevent the spread of a contagious and deadly virus, Ochsner sent infected patients back into communities to die at home, and be cared for by untrained family members without the proper protective equipment.

US: Critical deadlines loom for highways, airlines and transit (Roger B.)

An extension of the Payroll Support Program, a tranche of funding that allowed airlines to keep employees on the payroll despite decreased fliers. The program expires Sept. 30.The extension of current highway and transit law. While many authorizing laws can stretch past their deadlines, highways and transit are paid for via the federal gas tax-funded Highway Trust Fund. Congress must act by Sept. 30 or the current law expires, and the highway trust fund will run out of money shortly thereafter.

US gas exporters fear EU retaliation over Trump sanctions (VTGothic)

“This is not a way you treat allies and friends. Now, the European Union should show unequivocally that it will not be blackmailed,” said Klaus Ernst, chairman of the German parliament’s energy and economic affairs committee. “If diplomacy fails, we’ll need penalty tariffs on fracking gas or even an import ban as a painful countersanction, since the U.S. gas industry seems to be a major driver of the sanctions policy.”

That’s a big potential problem for American liquefied natural gas (LNG) suppliers in Texas, Pennsylvania and elsewhere, who see Europe as a major market.

How Decades of Racist Housing Policy Left Neighborhoods Sweltering (tmn)

And there’s growing evidence that this is no coincidence. In the 20th century, local and federal officials, usually white, enacted policies that reinforced racial segregation in cities and diverted investment away from minority neighborhoods in ways that created large disparities in the urban heat environment.

The consequences are being felt today.

California wildfires: Historic fire season forces blackouts and helicopter rescues; Oregon issues evacuation orders (tmn)

“The scale of this disaster really can’t be expressed in words,” Whitman County Sheriff Brett Myers said in a statement. “The fire will be extinguished but a community has been changed for a lifetime. I just hope we don’t find the fire took more than homes and buildings. I pray everyone got out in time.”

Washington Commissioner of Public Lands Hilary Franz tweeted that “we’re still seeing new fire starts in every corner of the state.”

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4 Comments

  • Tue, Sep 08, 2020 - 7:46am

    #1

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 171

    1+

    Corp crime reporter: Center for Science in the Public Interest, Ya, Right.

    Center for Science in the Public Interest Greg Jaffe Cornell and GMOs

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  • Tue, Sep 08, 2020 - 4:27pm

    #2
    kunga

    kunga

    Status: Bronze Member

    Joined: Feb 26 2017

    Posts: 361

    1+

    Oregon wildfires

    Gov. Brown signed an emergency confligration order.  Not enough fire fighters or resources.  Fires east of Salem.  Unincorporated town of Blue River, east of Eugene-Springfield, destroyed, loss of life expected.  I-5 closed, all lanes, from south of Ashland to Medford, Exits 14 to 35.  Stay safe Suzie Gruber.

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  • Tue, Sep 08, 2020 - 8:10pm

    #3
    DennisC

    DennisC

    Status: Bronze Member

    Joined: Mar 19 2011

    Posts: 171

    1+

    Vaccine Trial on Hold

    Oops.

    https://www.reuters.com/article/us-health-coronavirus-astrazeneca/astrazeneca-puts-leading-covid-19-vaccine-trial-on-hold-over-safety-concern-idUSKBN25Z392

    AstraZeneca Plc on Tuesday said it has paused a late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant.

    ...

    The suspension of the trial has impacted other AstraZeneca vaccine trials - as well as clinical trials being conducted by other vaccine makers, which are looking for signs of similar reactions, Stat said.

    The U.S. National Institutes of Health, which is providing funding for AstraZeneca’s trial, declined to comment.

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  • Tue, Sep 08, 2020 - 8:45pm

    nordicjack

    nordicjack

    Status: Silver Member

    Joined: Feb 03 2020

    Posts: 701

    re Trial Hold

    AstraZeneca  was the candidate I had the most hope for.   But never the less, I expect problems with all of them - but this does sound scary.. "Unexplained Illness"   that is not good.

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