With October personal income and September manufacturing and trade sales reported today, we have this picture of the NBER Business Cycle Dating Committee‘s key indicators:
Figure 1: Nonfarm payroll employment (dark blue), Bloomberg consensus for employment as of 11/25 (light blue square), industrial production (red), personal income excluding transfers in Ch.2012$ (green), manufacturing and trade sales in Ch.2012$ (black), and monthly GDP in Ch.2012$ (pink), all log normalized to 2020M02=0. Source: BLS, Federal Reserve, BEA, via FRED, Macroeconomic Advisers (11/2 release), NBER, Bloomberg, and author’s calculations.
The picture is consistent with growth at a greatly decelerated rate. The Bloomberg consensus for November employment growth rate is 4.4% (annualized, log terms), compared to the actually recorded October rate of 5.4% (annualized). I don’t think this incorporates the latest information regarding unemployment claims. In addition, some high frequency indicators (Tedeschi) suggest a negative growth rate for November.
If there is an incipient downturn at year’s end, it hasn’t shown up in the conventional indicators. Personally, give the Covid-19 surge, administration and legislative branch obstructionism (if not scorched earth sabotage), I am a bit pessimistic.
I sure hope there is no scorched earth sabotage from the Senate or the rump of the outgoing administration. The potential for a government shutdown in December makes me nervous.
Why do you believe the Trump administration is actively attempting to derail the next? Is Trump moving to Canada after the election? Or rather Jail….LOL.
Do not the problems of the current administration exist because of the previous administration….politics 101…
However, I wish Biden the best. Because, my family…
The democrat/progressive sickness is that they believe everyone is someone’s enemy. The sum of their thinking is always attempting to deride and degrade.
I haven’t heard any discussion of government shutdown. I suppose I might have missed that, but usually there is boatloads of discussion about it before it happens and I haven’t heard anything yet. My guess is McConnell shoved that one off a ways.
You know I was reading something that I thought was interesting and loosely related to this. I have been a cynic on someof the BEA’s reported numbers on GDP in the past. I know some people strongly defend it, and some people are even more cynical than myself. Now to people like Menzie, Prof Hamilton, macroduck and others this may certainly qualify as “old news”. But I was reading how closely the GDI numbers come to GDP numbers. This number ends up always being less than 1% difference. Now I know this is very basic to guys like Hamilton and Chinn. But the thing that strikes me as odd about it is, when people are attacking the accuracy of GDP, why don’t we hear more economists mentioning how closely GDI is to GDP?~~as a “defense” for the accuracy of GDP?? They have and somehow I missed it??~~because I’ve heard lots of discussion on this and rarely remember GDI being mentioned. And I am talking about aside from the arguments on measurements of “quality of life”, which to me qualifies as a different griping point.
Moses Herzog: CEA has used the average of GDP and GDI — called Gross Domestic Output (GDO) — for many years (maybe 20?). See Furman’s discussion here. See this Econbrowser post.
@ Menzie
Interesting. Thank you. I mean I consider myself “semi-well read”. I mean I may have skipped over this GDO number a couple times but it’s hard to believe I was so asleep at the switch. But it’s good to know the GDO number is out there and I will start focusing on it more. My main point was that I’m a little surprised that GDI isn’t mentioned more when it refutes the doubts about GDP accuracy when the numbers are pretty damned close~~~my comment was probably more of a support/compliment to “orthodox” economics than a criticism, because if you think of the difference as less than 1% it supports that the numbers are being tabulated pretty damned well.
You are right, Moses, that there has probably been too much attention paid to GDP by media and for that matter academic studies as well. This GDO concept is fairly recent but also fairly reasonable. It deserves more attention by all parties.
The deadline for passing a budget (or a Continuing Resolution or something) without having a shutdown is Dec. 11, the day before the Electoral College votes.
A government shut-down in December would be a bad idea for the GOP given the Senate elections in Georgia on January 5’th. My guess is that there will be no government shut-down and some kind of smaller stimulus will be passed in December. The house may pass a $1-2 trillion compromise bill that helps all entities currently hurting – then allow Mitch to arm twist them into dropping help to certain groups. Democrats can then campaign heavily to those groups (we wanted to help you, but Mitch picked you specifically out to not get any help – give us the senate and we will give you our help).
Republican Scorched Earth policy to taxpayers?? I assume this is the type of “big government” screw to the average taxpayers that sammy, Bruce Hall, and Rick Stryker would applaud??
https://www.washingtonpost.com/business/2020/11/25/rivada-pentagon-5g-leasing/
I wonder what Sensitive Stevie Mnuchin has to say about this, or if any journalists will be asking Sensitive Stevie about this at his next press conference or public event?? https://www.washingtonpost.com/business/2020/11/25/boeing-national-security-bailout-loans/
Paul Krugman has a must read on the effects of Trump’s stupid trade war. A lot of great economics. Maybe a post from Menzie is in store:
https://www.gc.cuny.edu/CUNY_GC/media/CUNY-Graduate-Center/PDF/Programs/Economics/Other%20docs/tradewarfail.pdf
Without having read the Krugman link yet, I have to read this as being “good news” to a President-Elect Joe Biden. Net exports is a number he can move fairly quickly after January 20. I have to think it’s somewhere at the very top of his “to do” list.
Am I the only person left to just find out I have to have Apple TV to watch Peanuts Thanksgiving this year?? OK, I promised Menzie I am going to try to “be better”….. What is wrong with these _______ers??? Guess I have to go to thee used DVD store again just for a sense of normalcy.
Given that Trump couldn’t even understand who “paid” the tariffs, I would consider it very possible that he also failed to understand that tariffs have to be placed on end products if you want them to have the intended effect. I remember when his first shot in the trade war was tariffs on iron and aluminum thinking “you got to shoot at them not US”.
Team Trump was in Pennsylvania trying to argue without a shred of evidence that there was massive voter fraud. When I heard Rudy Giuliani talk about some statistical evidence, I immediately thought of John Lott. I wonder why:
Alleged irregularities in Nevada and Pennsylvania could call election results into question | The Post Millennial
Department of Justice senior advisor John Lott tweeted out the State Senator’s issued statement: “The changing guidance she has delivered to counties not only directly contradicts the Election Code language she is sworn to uphold, but also conflicts her own litigation statements and decisions of both the Pennsylvania Supreme Court and the United States Supreme Court.”
Tweet after tweet from the right wing’s statistician for hire!
Why didn’t they hire Mary Rosh instead of Lott???? She is much more respected and honest.
Unemployment claims aren’t useful now because of the double counting. Remember, when the restrictions end, your going to get vertical lift on many of these measures.
I think you meamt to say “less useful”? ‘Cause anybody with the slightest understanding realizes that distorted data are better than no data, right?
Not sure why you began your second sentence with “remember” as if your view of things represents something known, but perhaps forgotten. Nor can I figure out how “vertical” modofies “lift”.
Restrictions, assuming you mean restrictions on gatherings, are far from the only thing limiting economic activity.
But nice try.
What double counting? Does anyone understand what this troll is babbling about? I’m sure the Rage has no clue what the words he writes even means. Please stop.
Some states publish a number for regular claims and a separate series for federal supplemental claims. There has been some confusion, but it isn’t enough confusion to justify the claim that jobless data “aren’t useful”.
Native American culture has added many great things to this nation of ours. With very little thanks (pun intended). Native American culture has added and benefitted America’s appreciation and protection of natural resources~~~maybe something European based culture could learn so much from. And in multiple American wars Native American soldiers have proven to be superior and excel in direct military combat~~having won an incredibly high ratio of combat valor awards on the small percent of their ethnicity in the military (if we measure by stricter standards than Elizabeth Warren). Anywayz……. maybe we should care “a little more” and do a little more to help them in their time of need, in addition to giving thanks to them for their great contributions to the American mosaic:
https://www.pbs.org/newshour/show/navajo-nations-health-care-system-strained-by-covid-19
Up to now I had been leaning very strongly to AstraZeneca as being the eventual winner of the “first efficacious” vaccine that would be out there. This is cause for serious concern. I still think AstraZeneca’s still has the chance to be the best vaccine (especially if their claims on temperature tolerance are to be relied on). But this really jams a wrench in the factory works. I imagine I will be one of the last to take the vaccine, because we’ve seen too many slip ups in the past, and if Oxford University can’t do things properly, it puts everything else (including other drug producers) in question and great doubt for me.
https://www.politico.eu/article/questions-grow-over-astrazeneca-coronavirus-vax-trials/
The big problem is that the group with 63% is not comparable to the group with 90% efficacy. Because the two treatment regiments were instituted by error, the groups have not been “balanced” through randomization – specifically the age distribution of participants is not the same. Worst case scenario, they have a regimen of 50%/100% doses that works great in those under age 55 – whereas nobody over that age would take that product (given the available alternatives). I think they will have enough data to sort this out (even though it is post-hoc analysis). However, I think they will be substantially delayed in their quest for approval, and they certainly will have to present all the raw data to get said approval. Interesting thing is that without that error they would have had a product that is 63% effective and nobody would take that if a 95% effective alternative is available.
“they would have had a product that is 63% effective and nobody would take that if a 95% effective alternative is available.”
Debatable. A good and efficient strategy would include vaccination of young healthy persons in critical fields (hospitals, care homes, schools) in order to prevent infection chains. In these cases availability, price and easy handling are arguments.
One thing to keep in mind concerning efficacy. Moderna and Pfizer only measured symptomatic cases. AstraZeneca did weekly PCR tests to measure asymptomatic cases. We have absolutely no idea how Moderna and Pfizier measured up for asymptomatic cases because they did not test for it. We have no idea if Moderna and Pfizer prevent asymptomatic transmission.
Now now now, Josepah. The most important thing to remember is that President Trump is loudly demanding that he be given all the “credit for the vaccines,” not Biden, even though the ones in Russia and China had no input or support from him, and even the one developed by Pfizer did not get support from Warp Speed, and we are still waiting to see if the AstraZeneca one is actually any good. He may be responsible for over 100,000 Americans dead thanks to his mocking mask wearing and social distancing, especially during the summer when other nations had low Covid death rates while ours soared, especially in states following his policy advice, but we must all make sure to give him that “credit” for “the vaccines.”
“We have no idea if Moderna and Pfizer prevent asymptomatic transmission.”
If asymptomatic and presymptomatic infection contribute 45% of all infections an analysis of infection data should allow an snaswer of this question.
But more important: IIRC there is no correlation between symptoms and virus loads , therefore, it is not likely that there is a different result for symtomatic and asymptomnatic cases after vaccination….
I have some good news for Rick Stryker tonight. Cross your fingers Rick baby. The more intelligent members of the Republican party have finally found their senses. I knew eventually Republicans’ enthusiastic destruction of America’s municipal public school systems had to eventually have some good result. I’m sure you’ve been “praying to Jesus” for the same thing Rick baby:
https://www.politico.com/news/2020/11/26/trump-conspiracies-georgia-senate-440776
Even Democrats on this blog know that Kelly Loeffler and David Perdue have been trying tirelessly to destroy donald trump. pgl, surely you agree with that?? (wink wink) That also explains this photo of donald trump junior, don’t you think??
https://www.foxnews.com/politics/oklahoma-police-release-body-cam-footage-of-former-state-senator-caught-with-underage-male
https://images.app.goo.gl/cDsuqiDQG5LzrJEx9
https://images.app.goo.gl/ydfiwznBaqm9A3bj7
https://images.app.goo.gl/ZBUD38HH2rXWrQ9v6
November 26, 2020
Coronavirus
US
Cases ( 13,248,676)
Deaths ( 269,555)
India
Cases ( 9,309,871)
Deaths ( 135,752)
France
Cases ( 2,183,660)
Deaths ( 50,957)
UK
Cases ( 1,574,562)
Deaths ( 57,031)
Mexico
Cases ( 1,070,487)
Deaths ( 103,597)
Germany
Cases ( 1,005,307)
Deaths ( 15,767)
Canada
Cases ( 353,097)
Deaths ( 11,799)
China
Cases ( 86,490)
Deaths ( 4,634)
November 26, 2020
Coronavirus (Deaths per million)
UK ( 838)
US ( 812)
Mexico ( 800)
France ( 780)
Canada ( 312)
Germany ( 188)
India ( 98)
China ( 3)
Notice the ratios of deaths to coronavirus cases are 9.7%, 3.6% and 2.3% for Mexico, the United Kingdom and France respectively.
https://news.cgtn.com/news/2020-11-27/Chinese-mainland-reports-five-new-COVID-19-cases-on-Thursday-VKDgFCklPO/index.html
November 27, 2020
Chinese mainland reports 5 new COVID-19 cases
The Chinese mainland registered 5 new COVID-19 cases on Thursday, all from overseas, the National Health Commission announced on Friday.
A total of 8 new asymptomatic COVID-19 cases were recorded, while 308 asymptomatic patients remain under medical observation. No COVID-19-related deaths were reported on Thursday, and 8 patients were discharged from hospitals.
As of Thursday, the total confirmed COVID-19 cases reached 86,495, with 4,634 fatalities.
Chinese mainland new imported cases
https://news.cgtn.com/news/2020-11-27/Chinese-mainland-reports-five-new-COVID-19-cases-on-Thursday-VKDgFCklPO/img/74f045a06974492ab1191976661bb036/74f045a06974492ab1191976661bb036.jpeg
Chinese mainland new asymptomatic cases
https://news.cgtn.com/news/2020-11-27/Chinese-mainland-reports-five-new-COVID-19-cases-on-Thursday-VKDgFCklPO/img/b8ad8441a14c47bf84d5d76702d59a7a/b8ad8441a14c47bf84d5d76702d59a7a.jpeg
[ There has been no coronavirus death on the Chinese mainland since the beginning of May. Since the beginning of June there have been 7 limited community clusters of infections, each of which was an immediate focus of mass testing, contact tracing and quarantine, with each outbreak having been contained. Symptomatic and asymptomatic cases are all contact traced and quarantined.
Imported coronavirus cases are caught at entry points with required testing and immediate quarantine. Cold-chain imported food products are also checked. The flow of imported cases to China is low, but has been persistent.
There are now 303 active coronavirus cases in all on the Chinese mainland, 8 of which cases are classed as serious or critical. ]
November 26, 2020
Coronavirus (Deaths per million)
Belgium ( 1,385)
Spain ( 949)
Italy ( 875)
UK ( 838)
US ( 812)
Mexico ( 800)
France ( 780)
Sweden ( 654)
Netherlands ( 536)
Switzerland ( 513)
Luxembourg ( 457)
Portugal ( 413)
Ireland ( 410)
Canada ( 312)
Austria ( 307)
Greece ( 192)
Germany ( 188)
Denmark ( 140)
India ( 98)
Finland ( 69)
Norway ( 58)
Australia ( 35)
Japan ( 16)
Korea ( 10)
China ( 3)
Interesting piece in the NY Times about how the economy played out in the election: “Why Did So Many Americans Vote for Trump?”
“Democrats needed to present a competing, compelling strategy to counter Republican messaging. Struggling workers and businesses never clearly heard exactly what they’d get if Democrats ran the show, and Democrats never came together to scream bloody murder that Republicans were refusing to give it to them. Democrats needed to underscore the depth of Republican failure by forcefully communicating what other countries had done to successfully control the virus. And they needed to promise to do the same through something like an Operation Warp Speed for testing and P.P.E. to get America safely back in business.
Instead, they whined…
The Republican message couldn’t have been clearer: Workers should be able to show up, clock in, earn a normal paycheck, pay the rent and feed their kids. Democrats were telling the same workers that we need to listen to science, reopening is premature, and the economy can’t be fully restored until we beat the virus. Correct! But how does that help when rent was due last week?”
https://www.nytimes.com/2020/11/27/opinion/trump-democrats-coronavirus.html?action=click&module=Opinion&pgtype=Homepage
It’s the economy, stupid! But corrupt and craven Democrats don’t do coherent and compelling economic messaging…it might make the donor class uncomfortable!
“Democrats needed to underscore the depth of Republican failure by forcefully communicating what other countries had done to successfully control the virus. And they needed to promise to do the same through something like an Operation Warp Speed for testing and P.P.E. to get America safely back in business.”
Anyone who did not know what Biden planned to do here was simply not listening. Of course Trump kept saying he wanted people to get back to work. But what he did clearly delayed this. So yes – Trump conned a lot of really stupid people. What else is new? DUH!
@ pgl
Thought you might enjoy this (I did) :
https://www.theguardian.com/us-news/2020/nov/27/mini-desk-trump-mocked-speech-little-table-diaperdon-twitter-president-furniture
Hard to be the bully when one is sitting at a kindergarten desk!
You should start your own blog entitled
“corrupt and craven Democrats don’t do coherent and compelling economic messaging”
That way the rest of the world could just ignore your worthless rants the same way we ignore Patrick R. Sullivan.
Will Wilkinson penned that nonsense. Do you even know who he is? Vice President of Policy at the Niskanen Center. Worked for Cato on privatization of Social Security. Academic Coordinator of the Social Change Project and the Global Prosperity Initiative at George Mason’s Mercatus Center.
Leave it to a fraud like JohnH to echo the BS from this rightwinger. Check your sources dumbass.
pgl only approves of people who confirm his biases.
Did he ever consider that Republicans understand Democrats’ weaknesses? The difference seems to be that Democrats won’t do “lessons learned” exercises, essentially begging Republicans to take advantage of them…which is what has happened on economic issues, where Democrats can’t craft any kind of coherent and compelling message…which pgl apparently has no problem with.
You are so incredibly BORING. You have been writing the same old tired nonsense for 5 years now. Get a new gig dude as even your own dog has fallen asleep with your same old stupid yada, yada, yada. YAWN!
Funny!!! Pgl whistling past the grave…could he actually be a Republican?
“Yes, Biden soundly defeated President Donald Trump — and there was even some partying in the streets — but the results were brutal down the ballot in ways that could haunt Democrats for years.
The party fumbled key Senate races, lost ground in the House and failed to capture state legislatures in a redistricting year despite having the political winds at its back, more money in its bank account and a hyper-activated grassroots movement that had spent four years preparing for this moment.
If this wasn’t the year for Democrats to win big, then when?”
https://www.nbcnews.com/politics/2020-election/huge-catastrophe-democrats-grapple-congressional-state-election-losses-n1248529
Naturally, pgl thinks that voters’ dim view of Democrats’ ability to manage the economy has nothing to do with their pathetic performance at the polls. Per Pew, the economy is the most important issue for voters, yet Democrats’ basically ignore it…and pgl yawns…exactly how a Republican would react to Democrats’ incompetence.
Workers thought the “Heroes” act was Vulgar overspending. It surely was. Pelosi screwed up there. You can’t keep printing dollars and have a disease that doesn’t kill people under 70 at a high rate, telling people not to work.. This isn’t 1918, it simply isn’t. Democrats listening to Science is pure lol. Science is what you make of it. Republicans love science when it supports them. I would argue, Democrats need to learn what negative campaigning is, stop with the self-rightous jargon and get nasty. Democrats were not listening to science, but trying to keep the economy down in the summer. It is what it is.
Older black voters didn’t care about BLM or the rediculous activist wing that kept inflating “protests” at expense of their worry of higher mortality rates by the virus. These people have not had issues with the Cops for decades. 20 years of plunging Black/Cop kills simply was ignored. I do think the Georgia Senate race has taught that lesson. Where were those ads and police support in the GE???
Trump should have been attacked on the surge of illegal immigrants to the US, his debt based ponzi economy and lack of promise on manufacturing jobs. None of that was attacked.
Easily one of the worst campaigns in modern history. dccc flop.
Science is what you make of it?
That’s kinda like “I think the more positive approach you have to smoking, the less harmful it is.”
Keep ’em comin’. We need the humor.
Again reality is not your friend. Science is and has always been interpretation of physical evidence. In some cases, interpretation is very easy to support, in this case, outside social distance, not much is.
@ JohnH
I am hoping Menzie will show me some grace and tolerance here (as he has many times), I am making my genuine (yet somehow always failing) attempts at self-filtering my urge to put YT links up—but this directly relates to JohnH’s statement.
Last time I checked Ocasio-Cortez belongs to the Democrat Party. Was she not fighting and speaking with conviction for the American working man here??
https://www.youtube.com/watch?v=djZmXvvMQPk&feature=emb_logo
Her words were made on the congressional floor November 20, exactly 1 week ago.
Democrats’ failure to have a compelling and coherent message on the economy has its consequences…as borne out by the polls.
Pew Research 2016: “By a 48%-43% margin, Trump holds a slight edge over Clinton as the candidate voters say would do the better job improving economic conditions.”
https://www.pewresearch.org/politics/2016/07/07/4-top-voting-issues-in-2016-election/
Pew Research 2020: “Among registered voters, the Republican Party holds a 9 percentage point edge over the Democrats on the issue of being better able to handle the economy (49% Republican Party, 40% Democratic Party). ”
https://www.pewresearch.org/politics/2020/08/13/important-issues-in-the-2020-election/
Pew also notes that the economy is a top voting issue. Democrats’ consistent lack of coherence on the economy is really amazing in the midst of a recession. They were just lucky that Trump decided to manage COVID with such incompetence and insensitivity.
The economy will come back to haunt Democrats in 2022 and 2024 if, as I expect, Mitch McConnell successfully weakens the recovery and then successfully blames it on Biden, because after all the Oval Office is where the buck stops.
But Democrats don’t do “lessons learned.” And pgl defends their incompetence and obtuseness!!!
Yep same old incredibly BORING crap for years and years and years. You are like the old man whose grand kids laugh at him right in front of grandpa’s own face. YAWN! Get a clue troll – NO ONE CARES!
lol, the recovery is already set. Mitch will be irrelevant.
@ JohnH
OK, let’s try this one and see if it gets past the filter. Is Ocasio-Cortez no longer a member of the Democratic party?? Is she not speaking up for the American working man here in a compelling way??
https://www.c-span.org/video/?478249-2/representative-ocasio-cortez-covid-19-relief
Her words were given on August 20, about 8 days prior.
G*ddamnit , November 20, excuse me.
I am curious, JohnH. Does the NY Times or maybe wise you have an explanation as to why apparently something like 70% of Republicans continue to believe Trump’s lies that he won the presidential election or that if he did not it is because it was “rigged” or “fraudulent”? This is becoming a very serious problem, unprecdented in US history. In today’s WaPo there is a story about a middle school social studies teacher in a poor county of WVa who is being harassed by parents because he is telling his students Biden won the election and that it does not appear to have been a rigged fraud.
But you think that these people would have voted for Biden if only he had pushed his support for raising the minimum wage more loudly. Just how stupid are you actually, JohH?
Mohsen Fakhrizadeh, head of Iran’s nuclear research program, has been assassinated. In August, Abu Mohammed el Masri, one of the many second in commands of al Qaida, was assassinated in Iran in a cooperative U.S./Israeli operation.
Just a guess – this latest assasination is an effort to hinder the Biden administration efforts at de-escalating tensions between the U.S. and Iran. Timing is suggestive.
@ macroduck
I haven’t read the details, but it has Israel written all over it, not USA~~USA strikes don’t usually go this smoothly and quietly, they’re not as smart or as capable as Israelis. There are rare exceptions, (Osama Bin Laden with only one lost helicopter). But without having read the WSJ article yet I would guess Israel. I don’t see it as hurtful to Biden or the USA. It’s a separate issue really. Iran will bargain, in the short term anyway, regardless of this, which they HAD to know Israel would squash anyway. Israel doesn’t play children’s games telegraphing every move beforehand like the USA does.
The U.S. role with el Masri was to provide targeting intelligence. Israel did the killing. My suspicion is the same happened this time.
Israel shares with Trump the desire to to isolate Iran. Biden is more interested in safety and stability. Trump and Israel share a desire to bottle up any attempt to restore the Iran deal.
Israel may have pulled of the hit without U.S. help. The pattern and timing are my reasons to speculate otherwise.
As to Israel not telegraping, that ignores Netanyahu’s Trump-like political instincts. He told a press conference in 2018 to “remember that name” in reference to Fakhrizadeh.
I just hope the Iranians wait for their revenge on Israel until the moment the Secret Service marches Trump and Pompeo out of the White House.
Look – this is a serious situation no doubt. If Biden were Commander in Chief right now, I’m sure his people will be doing the right thing. But we had mad man in charge right now so I hope the Iranians remember the old adage “revenge is a dish best served cold”.
If I was the Biden campaign and shrug if a Israel is killed. What goes around, comes around.
Wow. “If I was a campaign”? “Shrug if a country was killed”?
I don’t know what you’re smoking, but you need to stop.
Have you guys noticed WSJ has their new younger version of know-nothing Peggy Noonan now?? Kimberley Strassel. If you want the Merriam-Webster definition of amoral editorial writing, read her column on Michael Flynn today. I never thought I’d read an editorial writer that would make David Brooks look good by comparison. It’s actually happened now These are the types that if Hitler was exonerating a Gestapo member would tell you it’s right next to apple pie a la mode.
https://www.pbs.org/video/episode-2-the-first-six-months-in-power-fcglhv/
https://www.wsj.com/articles/justice-for-michael-flynn-11606349462?mod=hp_opin_pos_2
Of course what Giuliana, Stephen Miller, Stephen Bannon, Rod Rosenstein, Kirstjen Nielson, William Barr etc ad nauseam have been doing doesn’t bother Strassel in the slightest. Those were “the heroes eliminating the ‘dirty’ people”, whereas Michael Flynn cavorting with Putin (two white guys working against the national security interests of Americans everywhere) means absolutely nothing to Kimberley Strassel.
I have never read anything by Kimberley Strassel. Thanks for the heads up as now I can skip her columns entirely.
https://www.nytimes.com/2020/11/27/technology/pushed-by-pandemic-amazon-goes-on-a-hiring-spree-without-equal.html
November 27, 2020
Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal
The company has added 427,300 employees in 10 months, bringing its global work force to more than 1.2 million.
By Karen Weise
SEATTLE — Amazon has embarked on an extraordinary hiring binge this year, vacuuming up an average of 1,400 new workers a day and solidifying its power as online shopping becomes more entrenched in the coronavirus pandemic.
The hiring has taken place at Amazon’s headquarters in Seattle, at its hundreds of warehouses in rural communities and suburbs, and in countries such as India and Italy. Amazon added 427,300 employees between January and October, pushing its work force to more than 1.2 million people globally, up more than 50 percent from a year ago. Its number of workers now approaches the entire population of Dallas.
The spree has accelerated since the onset of the pandemic, which has turbocharged Amazon’s business and made it a winner of the crisis. Starting in July, the company brought on about 350,000 employees, or 2,800 a day. Most have been warehouse workers, but Amazon has also hired software engineers and hardware specialists to power enterprises such as cloud computing, streaming entertainment and devices, which have boomed in the pandemic….
https://www.nytimes.com/2019/02/14/opinion/amazon-new-york.html
February 14, 2019
New York Returns 25,000 Jobs to Amazon
As the company cancels its plans for a major Queens campus, anti-corporate activists got what they wanted at a great cost.
[ Before the recession, Amazon was looking among cities for another headquarters and New York City was chosen by the company for the geography along with a tax incentive. Thousands of select and routine but importantly stable jobs would have been created by Amazon in New York City. However, there was general union-centered opposition to Amazon and concern about the tax breaks offered and local political figures such as Alexandra Ocasio-Cortez successfully fought against gaining the Amazon headquarters. Paul Krugman as well decided Amazon did not matter to New York.
The decision of Amazon not to locate in New York struck me immediately as a terrible workforce loss to the city. Krugman and AOC were profoundly mistaken. They failed to understand what Amazon was becoming, and what was necessary to secure New York. ]
Amazon is a debt based poison. New York lost many businesses in the deal. Your point is dead.
“Amazon is a debt based poison.”
Amazon’s debt to equity ratio is less than 4%. Stop writing this stupid $hit.
Wrong. It’s own debt isn’t the issue, it’s consumer debt that drives them.
Latin American countries have recorded 4 of the 11 and 6 of the 19 highest number of coronavirus cases among all countries. Brazil, Argentina, Colombia, Mexico, Peru and Chile. Mexico, with more than 1 million cases recorded, has the 4th highest number of cases among Latin American countries and the 11th highest number of cases among all countries. Mexico is now the 4th among all countries to have recorded more than 100,000 coronavirus deaths.
November 26, 2020
Coronavirus (Deaths per million)
US ( 812) *
Brazil ( 804)
Argentina ( 836)
Colombia ( 705)
Mexico ( 800)
Peru ( 1,079)
Chile ( 794)
Ecuador ( 750)
Bolivia ( 761)
* Descending number of cases
https://www.philadelphiafed.org/surveys-and-data/real-time-data-research/spf-q4-2020
All of this appears to be going very well for Diaper Don:
https://thehill.com/homenews/campaign/527797-biden-adds-to-vote-margin-over-trump-after-milwaukee-county-recount
But Biden needs to PROVE that these were real votes. After all – voting without a MAGA hat on is a Federal offense. Of course even Republican judges are part of the Deep State.
MAGA equals Make America A Graveyard Again.
November 27, 2020
Coronavirus
US
Cases ( 13,454,254)
Deaths ( 271,026)
India
Cases ( 9,351,224)
Deaths ( 136,238)
France
Cases ( 2,196,119)
Deaths ( 50,914)
UK
Cases ( 1,589,301)
Deaths ( 57,551)
Mexico
Cases ( 1,078,594)
Deaths ( 104,242)
Germany
Cases ( 1,027,325)
Deaths ( 16,172)
Canada
Cases ( 359,064)
Deaths ( 11,894)
China
Cases ( 86,495)
Deaths ( 4,634)
November 27, 2020
Coronavirus (Deaths per million)
UK ( 838)
US ( 817)
Mexico ( 805)
France ( 795)
Canada ( 314)
Germany ( 193)
India ( 98)
China ( 3)
Notice the ratios of deaths to coronavirus cases are 9.7%, 3.6% and 2.3% for Mexico, the United Kingdom and France respectively.
https://news.cgtn.com/news/2020-11-28/Chinese-mainland-reports-six-new-COVID-19-cases–VMjimsI46s/index.html
November 28, 2020
Chinese mainland reports 6 new COVID-19 cases
The Chinese mainland on Friday registered 6 new COVID-19 cases, all from overseas, announced the National Health Commission on Saturday.
A total of 4 new asymptomatic COVID-19 cases were recorded, while 288 asymptomatic patients remain under medical observation. No COVID-19-related deaths were reported on Friday, and 24 patients were discharged from hospitals.
As of Friday, the total number of confirmed COVID-19 cases has reached 86,501, with 4,634 fatalities.
Chinese mainland new imported cases
https://news.cgtn.com/news/2020-11-28/Chinese-mainland-reports-six-new-COVID-19-cases–VMjimsI46s/img/bc7a9f4fa6af4d4781d538c8fd965920/bc7a9f4fa6af4d4781d538c8fd965920.jpeg
Chinese mainland new asymptomatic cases
https://news.cgtn.com/news/2020-11-28/Chinese-mainland-reports-six-new-COVID-19-cases–VMjimsI46s/img/d69d9aeff2334c72958442e6b01447dc/d69d9aeff2334c72958442e6b01447dc.jpeg
[ There has been no coronavirus death on the Chinese mainland since the beginning of May. Since the beginning of June there have been 7 limited community clusters of infections, each of which was an immediate focus of mass testing, contact tracing and quarantine, with each outbreak having been contained. Symptomatic and asymptomatic cases are all contact traced and quarantined.
Imported coronavirus cases are caught at entry points with required testing and immediate quarantine. Cold-chain imported food products are also checked. The flow of imported cases to China is low, but has been persistent.
There are now 285 active coronavirus cases in all on the Chinese mainland, 8 of which cases are classed as serious or critical. ]
November 27, 2020
Coronavirus (Deaths per million)
Belgium ( 1,397)
Spain ( 955)
Italy ( 888)
UK ( 846)
US ( 817)
Mexico ( 805)
France ( 795)
Sweden ( 660)
Netherlands ( 540)
Switzerland ( 527)
Luxembourg ( 476)
Portugal ( 420)
Ireland ( 412)
Austria ( 320)
Canada ( 314)
Greece ( 202)
Germany ( 193)
Denmark ( 141)
India ( 98)
Finland ( 71)
Norway ( 60)
Australia ( 35)
Japan ( 16)
Korea ( 10)
China ( 3)