about being liberal or conservative anymore y'all. That is a hype offered by the fascist whores who want to confuse the people with lies while they turn this country into an aristocratic police state. Some people will say anything to attain power and money. There is no such thing as the Liberal Media, but the Corporate media is very real.
Professor Kelton is a Professor of Public Policy and Economics at Stony Brook University, and a senior economic adviser to Bernie Sanders’ 2016 and 2020 presidential campaigns.
Professor Kelton was recently listed by Bloomberg as “one of the 50 people who defined 2019”.
Professor Kelton is a proponent of MMT, Modern Monetary Theory - a concept that proposes government deficits, that avoid inflation, can help fight a myriad of problems including inequality, poverty and unemployment, climate change, housing, and health care.
Wednesday, 15 April 2020 at 13h 21m 38s
A COVID-19 Timeline
This is from Morgan Stanley.
The managers of Trillions of dollar investment portfolio's tend to be somewhat conservative, but they are also not afflicted with "happy talk".
Tuesday, 14 April 2020 at 9h 4m 36s
The great influenza epidemic occurred in 3 waves. The 2nd wave was the most deadly.
We are currently on the first wave.
[SOURCE: | Centers for Disease Control and Prevention | ]
Tuesday, 14 April 2020 at 12h 2m 11s
Former Secretary of Labor Robert Reich provides a day-by-day account of Trump’s failed response to the coronavirus crisis, and explains how the administration’s incompetence and narcissism has cost countless lives.
"We pretty much shut it down."
"Coronavirus is very much under control."
"It's going to be down to close to zero."
Trump's priority has never been public health. It's been to downplay the virus in order to boost his shot at reelection.
This is not leadership. This is the exact opposite of leadership.
Monday, 13 April 2020 at 22h 14m 46s
This is why this shit pisses me off
Trump touts his "China" ban but can't answer a question about what his administration did during February. And that "China" ban was flimsy, only banning non-citizens, meanwhile infected citizens seeded the population and spread the disease everywhere. Not to mention those coming from Europe, and the cluster-fuck that was that travel ban 30 something days later.
They actually showed the press corps a campaign video that eulogized the President's leadership on the Coronavirus crisis, thinking this would settle the matter once in for all. Obviously pesky reporters who ask good questions and state facts are just fake news. Especially if they are black and/or female.
Because ... Reporters should just say nice things.
Trump seems to think saying something into a microphone is the equivalent of events. He instinctively lies to create an alternate universe and then erupts against the Reporters who point out the obvious.
You don't get to take a victory lap because you think your spin actually bullshits the population.
Even Fox News has to speak truth ... because the 10th Amendment.
And the Feds are still ... still ... stealing supplies to states.
Monday, 13 April 2020 at 20h 0m 10s
The US Food Supply Chain
As Americans line up by the thousands at food banks, farmers are dumping gallons of milk and smashing eggs. Wall Street Journal reporter Jesse Newman explains why America's food supply chain isn't built for the coronavirus era. Aired on 04/13/2020.
Basically all of the suppliers to restaurants and suppliers to stadiums and concerts and bars have either stalled or are non-existent, and making the transition to supplying grocers only is difficult -- in addition to being costly.
And there are other issues related to COVID-19. For example, a large pork processing plant in North Dakota had to shut down when 300 of the workers contracted Coronavirus.
You may not know about how the great plains states have become Concentrated Animal Feeding Operations (CAFO). We Californians have a little bit of this in the Salinas Valley. From Northern Texas, through Oklahoma, Kansas, Nebraska, Colorado, Wyoming, Montana and the Dakotas have some region or area where these operations are located. About 70 miles north of Denver, there is an area around Greeley, Colorado where the air smells and burns your eyes.
Here is what Tobin Abasi and the band Animals As Leaders has to say. The song is called "CAFO".
Sunday, 12 April 2020 at 12h 7m 38s
The New Economy
From Robert Reich, 1 April 2019.
Saturday, 11 April 2020 at 13h 3m 29s
Follow the money
Well I'll be ... look-ie there (en francaise, "voila")
Jesse discusses the fact that not only did Donald Trump just fire the Inspector General overseeing the $2 Trillion relief funds, he (as well as his children & associates) are also investors in a pharmaceutical manufacturer named Sanofi, which makes Hydroxychloroquine!
Because that's how you "drain the swamp".
Friday, 10 April 2020 at 13h 9m 6s
Latest SF Coronavirus update from the SF Dept of Public Health
Yikes. Up 73. The model now has the a value at 15.0558 and the b value is .0893565, settling into just below 9%, however still exponential.
Here are the model's updated 14 and 21 day predictions:
39,768 = 797×15.0558×(1+0.0893565)^14
72,399 = 797×15.0558×(1+0.0893565)^21
Potentially almost 72,400 by early May unless we continue bending the curve.
Just to say, the assumptions made in the above model, are as follows:
The a value accurately measures the number of known positive cases, ie. 1 out of 15. Thus multiplying the a value to 797 is attempting to include the unknown cases.
The b value consists of a rate of increase that is both exponential and based upon a consistent percentage rate. The model has been dropping the percentage over the last 10 days, however, the rate of growth is still exponential.
If for instance we assume that only 50% of cases are known (a = 2), and the percentage growth is 8% (1+b = 1.08), then the prediction over the next 3 weeks is ...
8023 = 797×2×(1+0.08)^21
Another calculation I am using is the Gaussian regression model based upon increases per day. I sum over the interval where the model predicts 0.5 per day (currently at x=191 -- about 4.8 months from now) and I get 10,289 cases.