Friday, November 15, 2024
Homeeconomics2:00PM Water Cooler 3/22/2024 | bare capitalism

2:00PM Water Cooler 3/22/2024 | bare capitalism

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By Lambert Strether of Corrente.

Fowl Track of the Day

American Robin (migratorius Group), Miguel Hidalgo, Ciudad de México, Mexico.

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In Case You May Miss…

(1) Extra Boeing shenanigans, as Barnett’s assassination is steadily memory-holed.

(2) Intermittent fasting decried.

(3) “We now have the instruments.

Politics

“So most of the social reactions that strike us as psychological are in truth a rational administration of symbolic capital.” –Pierre Bourdieu, Classification Struggles

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2024

Lower than a yr to go!

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Trump (R): “Why nobody will lend to Trump” [Edward Luce, Financial Times]. Sorry for the prolonged quote, however there’s quite a bit right here. “For Donald Trump, it will not be seven occasions a attraction. His first six bankruptcies all befell earlier than he went into politics. Most of those occurred in two phases: within the early Nineteen Nineties after he had over-extended on a clutch of Atlantic Metropolis casinos, then on varied properties earlier than and after the 2008 crash. America’s Chapter 11 chapter safety acquired him out of hassle. Since then, Trump has largely made cash by licensing his model title. However there isn’t a straightforward means out from the $454mn that he owes in damages to the New York authorized system. Not like banks, the regulation doesn’t take haircuts. There’s nothing to cease Trump from being broke and profitable the White Home. He already had that historical past of chapter when he gained in 2016. However his monetary woes create two novel complications — one for him, and one for America. For Trump, it undermines his popularity for being wealthy, which he and his base worth extremely. Revisions to his internet price lower it from the $10bn he claimed in 2016 to $2.6bn on Forbes’ newest estimate. However these are educated guesses. As a personal firm, the Trump Group doesn’t disclose its liabilities. Even when that quantity proves right, most of his wealth is locked up in illiquid belongings, mainly actual property reminiscent of his landmark towers in New York and the golf golf equipment. The prospect of bailiffs seizing all of the bling they may discover from Mar-a-Lago would give schadenfreude to tens of millions. It will additionally deal a blow to Trump’s thought of himself. He was raised on the prosperity gospel that claims your wealth is a measure of your ethical price. To the Maga base, Trump’s wealth can be a yardstick of his crafty. Trump is estimated to have inherited the equal at this time of $413mn from his father, Fred Trump. 1 / 4 of a century after Trump Sr’s demise, his son appears unable to cowl roughly that quantity. A few of Trump’s supporters are puzzled that he has not but been bailed out by one in every of his rich donors. The reply is that he has a historical past of not paying what he owes. From the world’s greatest banks to America’s smallest contractors, Trump is professional at stiffing collectors. That’s not to say the class-action winners of those that paid exorbitant charges to review at Trump College, the dissolution of the Trump household’s charitable basis for a ‘stunning sample of illegality’, and the truth that roughly $50mn in Trump 2024 marketing campaign funds has gone to pay his authorized payments. Trump’s donors favor his insurance policies to these of Joe Biden, who has vowed a billionaire tax in his second time period. Of their private dealings, nonetheless, they appear to validate the previous New York mayor Michael Bloomberg’s view that with Trump he is aware of ‘a con after I see one.’ All of which makes Trump extra of a legal responsibility to America. As each spy company is aware of, probably the most at-risk workers are those that are closely in debt. Presidential candidates are provided intelligence briefings throughout the election. Trump is dealing with a much-postponed trial for allegedly secreting troves of extremely categorized materials at Mar-a-Lago. It doesn’t take nice deductive ability to see that Trump’s monetary quandary poses a nationwide safety threat. If insurance coverage corporations and pleasant billionaires assume he’s too massive a credit score threat, who would possibly assist him out as a substitute? What kind of collateral may Trump provide in return? Even by America’s current requirements, this creates a brand new sort of headache.” • NC commenter DCBlogger informed me, way back, pre-2016, that the one factor that might take Trump down could be proof that he was not wealthy. And now evidently Trump faces one thing akin to a capital strike, along with already dealing with an expert providers strike. As for Luce’s psychological studying of the American voters, I’m not so certain. (“Prosperity gospel” is preached by a very noxious American Protestant sect; Trump’s childhood minister was Norman Vincent Peale, additionally noxious however not a member of that sect.) “Trump was wealthy till crooked Democrats stole all his cash” is one type of cope that may assist, significantly for the aggrieved who really feel that what they worth has been taken by Democrats as properly. “So what, if Trump is the one to most injury the system” is one other.” We’ll see. 2024 is actually not with out curiosity or drama!

Trump (R): “Cannon’s jury instruction order may crush Jack Smith’s case” [MSNBC]. “[R]ecall that the choose’s newest transfer comes in opposition to the backdrop of Trump’s declare that, below the Presidential Information Act, he may have deemed no matter delicate authorities data he needed to as ‘private’ after which taken them with him from the White Home, precluding the federal government from prosecuting him over the retention. It’s a nonsensical place that Cannon may have rejected outright, however she selected to maintain a listening to on it final week. And now, in an order Monday, she informed the events to submit proposed jury directions associated to the fees alleging that Trump unlawfully retained nationwide protection info. (The order doesn’t handle the obstruction-related counts.) The Presidential Information Act [PRA] shouldn’t issue into figuring out whether or not Trump’s conduct was felony, however Cannon’s order nonetheless laid out two “competing eventualities” for the prosecution and the protection as they trend their proposals.” • Unlikely as it could appear, and topic to correction by those that have really mastered this materials, MSNBC could possibly be proper. Since Trump is being charged below the Espionage Act (that comes with its personal set of issues), it’s laborious to see the relevance of the PRA. An explainer; the Act (whose definitions web page consists of “private”).

Trump (R): “Turley: I Can’t See How You Can Decline To Cost Biden And Go Ahead On Prices In opposition to Trump On Labeled Docs” [RealClearPolitics]. “[Special Prosecutor Hur] talked about how Biden informed somebody that he discovered categorized paperwork in his basement, learn from a few of these paperwork to a 3rd celebration; how proof was destroyed by this ghostwriter when it comes to an audiotape. How the White Home intervened to attempt to get info eliminated to border the report in a sequence of contradictions of not simply what Joe Biden has mentioned up to now however what he mentioned after the interview. And so you might be left right here considering wow this was pretty much as good of a case I may think about and Hur mentioned look, I simply don’t assume given his diminished psychological colleges that we may assure or have a certainty or probability of conviction. Now, one can settle for that as a result of I’ve acquired to let you know, Hur got here off as extremely credible {and professional}. The issue is the opposite disconnect with the Trump case. I can’t see how you can decline these fees and, but, go ahead on the categorized paperwork fees in opposition to Trump. And, in fact, you have got two completely different particular counsels. However, that distinction is extra obvious at this time than it has ever been.” • Nicely, presumably, in the event you settle for Hur’s logic, as a result of Trump’s psychological colleges will not be diminished (although some Democrats at the moment are, copycat-style, claiming that they’re).

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Biden (D): “Biden’s lawfare joke” [Washington Examiner]. “No felony trial has begun, however the swarm of Democratic authorized actions has already value Trump dearly. In fact, that was the concept, or no less than a part of the concept. And it’s one thing that Biden himself not directly acknowledged in a current speech. It occurred in Washington on the Gridiron Dinner, a elaborate white-tie gathering of main media figures and the highest politicians they cowl. Biden delivered a speech that was half comedy routine and half inspirational discuss to his media base. And this can be a joke Biden informed, in response to information accounts: Ha ha ha. The media viewers, in fact, laughed. With one joke, Biden acknowledged the work his celebration’s lawfare warriors have achieved within the Trump matter. And the way may Biden not be grateful? He’s trailing Trump within the polls, is dealing with an voters that largely believes he’s too outdated for a second time period, and is underwater in approval rankings for his dealing with of most points. Little question Biden’s joke about bankrupting Trump displays his satisfaction that the lawfare effort is beginning to work. However Biden needs extra. In February, Politico reported that Biden has ‘grumbled to aides and advisers that had [Attorney General Merrick] Garland moved sooner in his investigation into former President Donald Trump’s election interference, a trial might already be underway and even have concluded.’” • The joke is definitely fairly humorous; however the lawfare is just not a joke in any respect. Might we charactertize the Biden marketing campaign as a “entire of presidency” strategy? Considering again to RussiaGate; it’s one factor to throw pork round in an election yr; it’s fairly one other to get the organs of state safety concerned, not merely in guarding the candidates, however with tales planted or suppressed within the press, having them authenticate elections, and so forth (one excellent motive for hand-marked paper ballots, hand-counted in public, is to get the spooks out of that enterprise fully. I imply, you possibly can see it: “9 of seventeen intelligence companies assess [hate that word] that the Presidential election of 2024 was ____ in ___ states [insert swing states here].”)

Biden (D): “Tony Bobulinski: Joe Biden Was ‘the Model’” [Wall Street Journal]. Written testimony of Tony Bobulinski earlier than the Home Oversight and Accountability Committee: “I wish to be crystal clear: From my direct private expertise and what I’ve subsequently come to study, it’s clear to me that Joe Biden was ‘the Model’; being bought by the Biden household. His household’s overseas affect peddling operation—from China to Ukraine and elsewhere—bought out to overseas actors who had been searching for to realize affect and entry to Joe Biden and the US authorities. Joe Biden was greater than a participant in and beneficiary of his household’s enterprise; he was an energetic, conscious enabler who met with enterprise associates reminiscent of myself to additional the enterprise, regardless of being buffered by a posh scheme to keep up believable deniability.” • My metaphor for the way the Biden clan operates is as follows (and it’s very completely different from the “advanced scheme” utilized by the Clinton’s. There’s a “Biden River” with many many tributaries, massive and small. Should you “contribute” to a tributary, irrespective of how a lot or how little, or how far upstream or down, your contribution finally flows into Biden Lake (having gone by a posh of locks and canals and dams (like heaps and plenty of financial institution accounts and enterprise entities, and Biden members of the family making plenty of mysterious loans to one another). Although your contribution to Biden River is blended in with the move of all the opposite contributions, however you’ll later be permitted to dip into Biden Lake (having handed some type of inspection to find out the quantity of your unique contribution)

Biden (D): “Biden Has Large Marketing campaign Money Lead Over Trump as Common Election Begins” [Wall Street Journal]. “Trump has retained a slight benefit in polls in battleground states, the place skinny margins will possible resolve who wins the presidency in November. Cash additionally doesn’t essentially equal assured victory; Hillary Clinton bested Trump within the 2016 cash race however nonetheless misplaced the White Home. And Trump’s fundraising is prone to decide up now that he has changed the management on the RNC and fashioned a joint-fundraising committee. Nonetheless, Biden’s fundraising benefit lays naked the dangers that Trump has going into spring and summer time, when he’ll settle for his celebration’s nomination on the Republican Nationwide Conference. His monetary well being may additionally replicate the section of Republicans who say they’ll refuse to vote for Trump even when he had been the nominee, in response to surveys of GOP main voters by AP VoteCast. Whereas the Biden staff reported including $25 million to its complete money holdings in February, Trump’s money—throughout the marketing campaign account, the RNC and two PACs—elevated by $9.2 million.” • Helpful chart:

Biden (D): “Biden SHOULD be indignant and anxious — his re-election prospects stink” [Rich Lowry, New York Post]. “[A] loss to Trump would immediately vaporize what was to be Biden’s most essential legacy — stopping Trump and supposedly saving American democracy. On his phrases, Biden can’t afford to go one-for-two on this endeavor. Historical past isn’t normally form to one-term presidents. A defeat could be significantly unhealthy for Biden. It will expose his resolution to run once more for president at age 81, when he’s visibly in decline, as a historic blunder ensuing from selfishness and an utter lack of realism. It’d develop into plain that his decide of Kamala Harris, which helped preserve Democrats from pushing for him to step apart, was a horrible mistake, and Democrats could be prepared to say so. Briefly, given the non-public and political stakes for Biden and the way daunting the panorama seems in the mean time, Biden could be well-advised to be indignant and anxious — very indignant and anxious.” • I nonetheless keep that given the extremely weak Democrat bench, Biden was the only option (and from the purely celebration perspective, a brokered conference could be a superb final result for grandees and apparatchiks, as a result of their energy (a few of them, no less than) could be enhanced, whether or not or not their candidate gained. In some methods, that was the lesson of Clinton’s shedding marketing campaign in 2016; actually key components of the Clinton equipment — press, spooks, celebration apparatchiks, newly class-conscious PMC — emerged from the debacle with powers enhanced, not diminished).

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Kennedy (I): “Who’s afraid of RFK?” [The Hill]. “[Kennedy is] polling at a gentle 15 p.c common nationally, and even higher in some crucial states. He’s performing significantly sturdy with key demographics like Black and Latino voters, in addition to younger voters — even beating each Biden and Trump in some polls in that class. ‘It appears clear that in any of those battleground states the place the margins are going to be skinny, the extra candidates within the race, the more serious for Biden,’ Tom Bevan, founding father of RealClearPolitics, informed me. ‘Some extent or two within the massive six battleground states may make the distinction, relying on the place they make the poll.’ (Trump edges Biden within the RCP common in a two-way race, however he performs even higher when RFK is included.) ‘Making the poll’ is a key aspect to this. Proper now, , and getting shut in one other 15 or so. However that’s not going to make the seismic impression he needs, or wants. So take note of what occurs over the following two months. ‘A part of the explanation he’s selecting a operating mate now’s that some states don’t permit a presidential candidate on the poll with no operating mate,’ Chris Stirewalt, host of ‘The Hill Sunday,’ informed me. ‘With the Libertarian nomination, he would have the prospect to concentrate on campaigning. With out it, he will likely be essentially targeted on poll entry greater than anything.’” • Not a nasty factor, if in truth RFK organizes a mass signature-gathering effort (run by his personal group not outsourced to petition gatherers), a la “Clear for Gene” in 1968.

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Democrats en Déshabillé

“Why Democrats Are Dropping Their Grip on Latino Voters” [Wall Street Journal]. “As long as Democrats had been considered because the celebration of the working class, they may financial institution on profitable massive Hispanic majorities. The issue Joe Biden and his celebration face this yr is rising numbers of Hispanics and different nonwhite working-class voters view Democrats as out of contact. White voters with no faculty diploma have been quitting the Democratic Celebration in earnest for the reason that Obama presidency. Democrats didn’t count on to see Hispanics comply with, however that’s what has occurred. To the shock of most political observers, the development accelerated because of Donald Trump. Democrats carried the Hispanic vote by 38 factors in 2016. By 2020 that margin had shrunk to 21 factors, and amongst Hispanic males it was right down to 17 factors. ‘In 2020, Democrats assumed that they might simply win the Hispanic vote in opposition to a president with a historical past of vitriolic statements in opposition to Mexico and Mexican Individuals and hostility towards unlawful immigration,’ Mr. Judis and Mr. Teixeira write. As an alternative, Mr. Trump carried out considerably higher amongst Latinos than he had 4 years earlier. Few predict that the GOP will win a majority of the Latino vote this November, however these inroads have sensible Democrats terrified.” • In fact, the Democrats may all the time do one thing like go a 32-hour work week; however at greatest, they’ll handle not to go it, because of a “revolving villain” (Manchin; Sinema); the filibuster; the Senate Parliamentarian; and, in all circumstances, these darn Republicans! However vote for us, as a result of we’re “preventing for”!

#COVID19

“I’m in earnest — I can’t equivocate — I can’t excuse — I can’t retreat a single inch — AND I WILL BE HEARD.” –William Lloyd Garrison

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Assets, United States (Nationwide): Transmission (CDC); Wastewater (CDC, Biobot; consists of many counties; Wastewater Scan, consists of drilldown by zip); Variants (CDC; Walgreens); “Iowa COVID-19 Tracker” (in IA, however nationwide knowledge). “An infection Management, Emergency Administration, Security, and Common Ideas” (particularly on hospitalization by metropolis).

Lambert right here: Readers, thanks for the collective effort. To replace any entry, do be at liberty to contact me on the handle given with the crops. Please put “COVID” within the topic line. Thanks!

Assets, United States (Native): AK (dashboard); AL (dashboard); AR (dashboard); AZ (dashboard); CA (dashboard; Marin, dashboard; Stanford, wastewater; Oakland, wastewater); CO (dashboard; wastewater); CT (dashboard); DE (dashboard); FL (wastewater); GA (wastewater); HI (dashboard); IA (wastewater studies); ID (dashboard, Boise; dashboard, wastewater, Central Idaho; wastewater, Coeur d’Alene; dashboard, Spokane County); IL (wastewater); IN (dashboard); KS (dashboard; wastewater, Lawrence); KY (dashboard, Louisville); LA (dashboard); MA (wastewater); MD (dashboard); ME (dashboard); MI (wastewater; wastewater); MN (dashboard); MO (wastewater); MS (dashboard); MT (dashboard); NC (dashboard); ND (dashboard; wastewater); NE (dashboard); NH (wastewater); NJ (dashboard); NM (dashboard); NV (dashboard; wastewater, Southern NV); NY (dashboard); OH (dashboard); OK (dashboard); OR (dashboard); PA (dashboard); RI (dashboard); SC (dashboard); SD (dashboard); TN (dashboard); TX (dashboard); UT (wastewater); VA (dashboard); VT (dashboard); WA (dashboard; dashboard); WI (wastewater); WV (wastewater); WY (wastewater).

Assets, Canada (Nationwide): Wastewater (Authorities of Canada).

Assets, Canada (Provincial): ON (wastewater); QC (les eaux usées); BC (wastewater); BC, Vancouver (wastewater).

Hat tricks to useful readers: Alexis, anon (2), Art_DogCT, B24S, CanCyn, ChiGal, Chuck L, Festoonic, FM, FreeMarketApologist (4), Gumbo, hop2it, JB, JEHR, JF, JL Joe, John, JM (10), JustAnotherVolunteer, JW, KatieBird, LL, Michael King, KF, LaRuse, mrsyk, MT, MT_Wild, otisyves, Petal (6), RK (2), RL, RM, Rod, sq. coats (11), tennesseewaltzer, Tom B., Utah, Bob White (3).

Keep secure on the market!

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Vaccines

“An intranasal mixture vaccine induces systemic and mucosal immunity in opposition to COVID-19 and influenza” [Nature]. Since CDC threw Covid and the flu into the identical bucket, the vaccine trade responded, which I’m high quality with if it really works. Mouse research. From the Summary: “Regardless of extended surveillance and interventions, the extreme acute respiratory syndrome coronavirus 2 (SARS-CoV-2) and influenza viruses proceed to pose a extreme world well being burden. Thus, we developed a chimpanzee adenovirus-based mixture vaccine, AdC68-HATRBD, with twin specificity in opposition to SARS-CoV-2 and influenza virus. When used as a standalone vaccine, intranasal immunization with AdC68-HATRBD induced complete and potent immune responses consisting of immunoglobin (Ig) G, mucosal IgA, neutralizing antibodies, and reminiscence T cells, which protected the mice from BA.5.2 and pandemic H1N1 infections. When used as a heterologous booster, AdC68-HATRBD markedly improved the protecting immune response of the licensed SARS-CoV-2 or influenza vaccine. Subsequently, whether or not administered intranasally as a standalone or booster vaccine, this mixture vaccine is a worthwhile technique to boost the general vaccine efficacy by inducing strong systemic and mucosal immune responses, thereby conferring twin strains of immunological defenses for these two viruses.”

An infection

No, Covid is just not “over.” Biobot’s year-on-year chart:

(That is a substitute for the Biobot chart I take advantage of, “Whole Outcomes,” which I favor as a result of it provides the historical past of the pandemic at a look. The information is similar.)

“Gentle” signs:

Sequelae

“GoPros, gummies, reckless abandon: Why ski slopes are getting extra harmful” [Los Angeles Times]. “However former ski patrollers, emergency medical technicians and hospital workers in mountain cities confirmed they’re seeing an increase in accidents — and place the blame on just a few main components. One is a rising recklessness on the slopes that , habits usually exacerbated by folks ingesting pot gummies, magic mushrooms or copious quantities of alcohol earlier than hitting the slopes.” • Lack of government perform.

Coverage

“We Had the Instruments” [The Guiness Pig Diaries]. From 2023, nonetheless germane, and price studying in full. The character names (“like Common Supervisor Tim”) are from an excellent prolonged metaphor of a ironmongery store: “[A] authorities or well being officers [will say we have the tools to deal with Covid-19. No we don’t. We had the tools. All we have now are the memories of those tools. We (and by we, I mean collectively, societally we) blew it. We threw the tools away. We traded them in for something we believed was so much better. Why? Because the very leaders we are supposed to trust to look out for our best interests, like General Manager Tim, told us to. They gave us permission. They told us it was more important to get back to normal than to rely on those tools. So many who heard that message took it and ran with it. Like Liz, they twisted it into something much more extreme to fit their own agendas. Not only are masks not required in public anymore, they’re now banned in some places because they remind people that Covid is still a threat, and that’s bad for the economy. Wearing one has become so stigmatized it can get you harassed or assaulted. And then there’s remote work. Not only is it discouraged, it is shamed. There are message campaigns circulating throughout the media about how remote work is bad for productivity, bad for teamwork, bad for the health of remote workers. Speaking of messaging, we don’t have ANY consistent, trustworthy messaging to inform our decisions about Covid anymore. We have ‘you do you.’ Which is essentially the ‘customer is always right’ mantra in the world of Covid. Believe whatever the fuck you want, do whatever the fuck you want, and regardless of the consequences for yourself or others, no one can hold you accountable. No one can tell you that you’re wrong. This is now a DIY pandemic. Good luck. When we discovered that there were consequences to sh*tting all over our tools and throwing them away, we wanted them back, like Josh. Covid patients who ended up fighting for their lives in the hospital would beg for the vaccine that they had loudly and proudly refused before they got sick. People who thought vaccines were all they needed to stay well refused to continue masking. Then they found themselves ill with Covid and begged for treatments like monoclonal antibodies, which stopped working a long time ago as variants evolved to escape them. We played dumb when reminded that experts had cautioned us this would happen. We insisted we did everything right. We pretended to be victims when we knew better. We can’t get a lot of those tools back now. It’s too late.”

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TABLE 1: Daily Covid Charts

LEGEND

1) for charts new today; all others are not updated.

2) For a full-size/full-resolution image, Command-click (MacOS) or right-click (Windows) on the chart thumbnail and “open image in new tab.”

NOTES

[1] (Biobot) Our curve has now flattened out on the stage of earlier Trump peaks. Not an amazing victory. Observe additionally the world “below the curve,” apart from taking a look at peaks. That space is bigger below Biden than below Trump, and it appears to be rising steadily if erratically.

[2] (Biobot) Midwest ticks up.

[3] (CDC Variants) As of Might 11, genomic surveillance knowledge will likely be reported biweekly, based mostly on the provision of optimistic take a look at specimens.” “Biweeekly: 1. occurring each two weeks. 2. occurring twice every week; semiweekly.” Appears to be like like CDC has chosen sense #1. In essence, they’re telling us variants are nothing to fret about. Time will inform.

[4] (ER) “Charts and knowledge offered by CDC, updates Wednesday by 8am. For the previous yr, utilizing a rolling 52-week interval.”

[5] (Hospitalization: NY) Appears to be like like a really gradual leveling off to a non-zero baseline, to me.

[6] (Hospitalization: CDC) Nonetheless down. “Maps, charts, and knowledge offered by CDC, updates weekly for the earlier MMWR week (Sunday-Saturday) on Thursdays (Deaths, Emergency Division Visits, Take a look at Positivity) and weekly the next Mondays (Hospitalizations) by 8 pm ET†”.

[7] (Walgreens) Leveling out.

[8] (Cleveland) Flattening.

[9] (Vacationers: Posivitity) Now up, albeit within the rear view mirror.

[10] (Vacationers: Variants) JN.1 dominates completely.

Stats Watch

There are not any official statistics of curiosity at this time.

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Manufacturing: “Barnett – First Amended Criticism 5-4-21_Redacted” [Scribd]. A random choice: “[The late Boeing whistleblower John] Barnett frequently insisted on the right procedures being adopted. Barnett complained about . Typically, the mechanic would come to work to seek out that the components s/he put in the day earlier than had been gone. Higher Administration ignored the stolen components drawback and insisted that Barnett cease documenting them in e-mails and on CA’s (corrective motion EPDs). All corrective motion EPD’s for stolen components had been cancelled per Management path with none investigation or corrective motion. (Ethics hast he data).” • Uploaded by Reside 5 Information, and not the prize-winning native paper, the Publish and Courier, which hasn’t run one single story on Barnett’s assassination demise for the reason that unique story on March 13. Little question their crack workers is ready on the police report, however when the native paper maintains full radio silence, that makes me fear the repair is in on the police division. I imply, couldn’t they no less than have run a human curiosity story on Barnett’s household?

Manufacturing: “Alaska Airways blowout passenger reveals terrifying second his socks and footwear had been ripped off and his physique was ‘lifted up within the howling wind’ as he sues airline and Boeing together with seven others” [Daily Mail]. • Commentary:

Manufacturing: “Boeing Confirms Disappointing Replace on 737 Max Engine Problem” [MSN]. “Within the newest chapter of Boeing’s ongoing saga, the aerospace big faces a major setback with its 737 Max sequence. An engine subject will sideline the fleet for as much as a yr, additional delaying the certification of the eagerly awaited 737 Max 7s and Max 10s fashions…. [A] glitch within the 737 Max’s anti-ice system, which poses a threat of overheating and damaging the engine. Regardless of the potential severity of the problem, the airplane manufacturing big assures that it has by no means occurred in flight. Nevertheless, the theoretical threat of parts breaking off mid-air has prompted a swift and severe response…. The corporate’s earlier estimates had set the restore timeframe at 9 to 12 months. This restore work is not only a matter of changing components however includes a deeper understanding of the engine’s air consumption dynamics and its broader implications on plane efficiency and security…. The ramifications of the engine subject prolong past technical repairs. Certification delays for the 737 Max 7s and Max 10s impression Boeing’s timeline and have an effect on main airways’ operational plans. As an example, Southwest Airways, with its all-737 fleet, has needed to revise its 2024 capability projections and earnings forecasts in gentle of those delays.” • That is the problem the place pilots needed to remind themselves to show off the anti-ice system in time with a sticky notice on their instrument panel.

Manufacturing: “Boeing in ‘final likelihood saloon’, warns Emirates head” [Financial Times]. We already linked to this, however to bolster: “[Emirates Airline President] Sir Tim Clark informed the Monetary Occasions he had seen a “progressive decline” in Boeing’s requirements, which he put right down to long-running administration and governance mis-steps, together with prioritising monetary efficiency over engineering excellence….. Clark mentioned Boeing’s earlier administration had made repeated mis-steps, together with outsourcing components of its manufacturing and transferring components of its 787 manufacturing to South Carolina to chop prices following battles with unions at its main base north of Seattle, Washington. Boeing finally moved all of its 787 manufacturing to South Carolina in 2021 however the website has struggled with manufacturing challenges. Clark mentioned Boeing had misplaced ‘abilities and competencies’ by the transfer.” • When the Emirates President says it’s union-busting….

Manufacturing: “Boeing’s massive inexperienced catastrophe” [Heated]. “The 737-Max was not the airplane Boeing initially meant to make. In 2011, the corporate introduced it was planning to develop a wholly new airplane to switch its getting old and fuel-guzzling 737 fleet. This new, extra fuel-efficient airplane would value billions of {dollars} and take practically a decade to make. However Boeing’s then-CEO mentioned it will be price it. ‘It’s our judgment that our clients will anticipate us,’ he mentioned. Shortly after that announcement, nonetheless, Boeing’s CEO was confirmed improper. The corporate’s unique buyer, American Airways, introduced it was defecting to Boeing’s rival airplane producer, Airbus. And Airbus was not making new planes–it was placing new, extra fuel-efficient engines on outdated planes. So with a view to compete, Boeing rapidly scrapped its plan. As an alternative, it too determined to place new engines on outdated planes. The 737 Max was born. From a sustainability perspective, Boeing’s change in path was disappointing, mentioned [Dan Rutherford, an aviation and sustainability expert with the International Council on Clean Transportation]. Whereas the extra fuel-efficient plane engines had been higher for the planet than the older ones, a brand new airplane, he mentioned, would have delivered way more advantages. ‘Should you have a look at the applied sciences that can be utilized to enhance the gas effectivity and cut back emissions for plane, it’s mainly three massive buckets,; he mentioned. Producers may have made the airframe lighter through the use of light-weight supplies, improved the aerodynamics of the airplane to scale back drag, and added extra superior engines. That ‘clean-sheet design’, because it’s recognized by the trade, would have used much less gas and produced much less emissions. A brand new airplane would even have been safer, each in design and since pilots would have been required to coach on the brand new plane. However a brand new design would have value Boeing and the airways far extra money. So whereas the technique might have been good for short-term revenue, in the end, ‘Boeing’s technique was unhealthy for the setting and for shoppers,’ Rutherford mentioned…. And as soon as accidents and tragedies started to plague the 737 Max—largely as a result of the brand new engines compromised the aerodynamics of the airplane [for which the disastrous MCAS system was a kludge]—the corporate’s sustainability advertising soared additional.” • Due to course it did.

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Right this moment’s Worry & Greed Index: 72 Greed (earlier shut: 74 Greed) [CNN]. One week in the past: 72 (Greed). (0 is Excessive Worry; 100 is Excessive Greed). Final up to date Mar 22 at 12:56:25 PM ET.

Holier than Thou

“Christian group is ‘luring’ college students with free pizza at lunch, Clovis dad and mom say” [Fresno Bee]. “Three dad and mom with youngsters attending Reyburn Intermediate and Clovis East Excessive colleges mentioned their youngsters had been provided free pizza to go to the lecture corridor in teams of three to 5 throughout their lunch interval. Upon arrival, dad and mom mentioned a consultant from the Fellowship of Christian Athletes meets with college students. After praying and listening to about Christianity, dad and mom mentioned college students then obtain their free pizza in yellow containers. “I really feel that they’re doing improper,” one dad or mum with a pupil at Clovis East informed The Fresno Bee. “They’re mainly luring in children which can be below 18, which can be nonetheless looking for themselves and are nonetheless making an attempt to discover.” The dad and mom who spoke to The Bee requested to stay nameless, fearing retaliation in opposition to them or their youngsters. In addition they mentioned they weren’t notified through e-mail, textual content, permission slip or requested for his or her consent for the FCA to strategy their youngsters.”

Groves of Academe

“Larry Summers was ousted as Harvard president. He has quite a bit to say about what’s improper with the college now” [Boston Globe]. Hilarity ensues. “It’s a extremely uncommon breach of protocol for a former faculty president to brazenly undercut his successors and denounce his longtime tutorial house. And observers notice the irony of Summers lecturing college leaders on public diplomacy whereas he was compelled to step down as president after alienating Black students and suggesting girls are innately inferior at science and math.” Mind genius Summers additionally misplaced the endowment $1.8 billion. Let’s not neglect that! Extra: “Referred to as an excellent economist and a prime financial adviser to the Clinton and Obama administrations MR SUBLIMINAL ScammersMR SUBLIMINAL ScammersMR SUBLIMINAL Scammers, Summers has by no means been shy about providing his opinion, whether or not publicly or behind the scenes, at Harvard and different organizations with which he’s concerned.” Summers criticism: “We now have stepped away from benefit and excellence.” • I feel that’s a good criticism. What is just not wonderful about setting $1.8 billion on fireplace and throwing it up within the air?

Healthcare

“Intermittent fasting linked to 91% improve in threat of demise from coronary heart illness, research says” [Fortune (Furzy Mouse)]. “The protection of intermittent fasting, a preferred technique to drop pounds by limiting meals consumption to sure occasions, was referred to as into query by a shock discovering from analysis offered at a medical assembly. Limiting mealtimes to a interval of simply eight hours a day was linked to a 91% improve in threat of demise from coronary heart illness within the research, which was launched on Monday in Chicago. The American Coronary heart Affiliation printed solely an summary, leaving scientists speculating about particulars of the research protocol. The research was reviewed by different consultants previous to its launch, in response to the AHA. Way of life interventions aimed toward weight reduction have come below scrutiny as a brand new era of medication assist folks shed kilos. Some medical doctors questioned the research’s findings, saying they may have been skewed by variations — reminiscent of underlying coronary heart well being — between the fasting sufferers and the comparability group, whose members consumed meals over a each day interval of 12 to 16 hours.” • I initially misinterpret the headline to suggest lower, not improve, so I’m actually operating this in case that occurs to anyone else. That mentioned: Thumbs down on a narrative pushed from a convention summary. And thumbs up on the dreaded life-style change, versus Large Pharma’s newest. Not less than in my expertise, consuming much less — particularly fewer sweets — actually does trigger weight reduction, therefore elevated agility, normal feeling of health. Readers might differ of their views. Countless are the arguments of dieticians!

Guillotine Watch

“Millionaire biohacker Bryan Johnson (who already has a cult-like following) plans to start out his personal NATION for anti-agers… the place pizza, donuts and alcohol could possibly be unlawful” [Daily Mail]. • Can anyone get a passport? Might this be Mr. Lee’s Larger Hong Kong?

Class Warfare

I don’t know what’s gotten into Stoller, however I’m right here for it:

(“Evil” is robust language — and used accurately on this case.) NOTE Yeah, yeah, China. We’re none of us excellent.

Information of the Wired

Derek Man on males’s clothes is one in every of my responsible pleasures on the Twitter:


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Contact info for crops: Readers, be at liberty to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, to (a) learn how to ship me a test if you’re allergic to PayPal and (b) to learn how to ship me pictures of crops. Greens are high quality! Fungi, lichen, and coral are deemed to be honorary crops! If you’d like your deal with to seem as a credit score, please place it at the beginning of your mail in parentheses: (thus). In any other case, I’ll anonymize through the use of your initials. See the earlier Water Cooler (with plant) right here. From TH:

TH writes: “I’m not optimistic, however I consider this can be a camelia. It, like so a lot of my current submissions, lives on the Sherman Library and Gardens (Corona Del Mar, Newport Seashore, California).”

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Readers: Water Cooler is a standalone entity not lined by the annual NC fundraiser. So in the event you see a hyperlink you particularly like, or an merchandise you wouldn’t see anyplace else, please don’t hesitate to specific your appreciation in tangible type. Bear in mind, a tip jar is for tipping! Common optimistic suggestions each makes me really feel good and lets me know I’m heading in the right direction with protection. Once I get no donations for 5 or ten days I get apprehensive. Extra tangibly, a continuing trickle of donations helps me with bills, and I consider that trickle when setting fundraising targets:

Right here is the display that can seem, which I’ve helpfully annotated:

Should you hate PayPal, you possibly can e-mail me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, and I will provide you with instructions on the way to ship a test. Thanks!

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