Sunday, August 9, 2020

Leonora Risse - Think shutdowns hurt the economy? You should see what pandemics do

This question of "what would be the damage if we didn’t get the virus under control?" is what economists call opportunity cost.

University of Michigan economist Justin Wolfers sums up this parallel universe thinking neatly: “If you think shutdowns hurt the economy, you should see what pandemics do."

His observation is based on an analysis of the effects of restrictions imposed in the US during the 1918 Spanish Flu. The study found that letting a pandemic sweep through the community is what causes most damage to the economy – not the effects of the restrictions themselves.

The Age

Leonora Risse - Think shutdowns hurt the economy? You should see what pandemics do




Gideon Meyerowitz-Katz - As Covid-19 persists around the world, death is not the only outcome to fear

Know one knows for certain what letting Coronavirus running uncontrolled through our society would do? One scenario it could fizzle out after it has killed about 30% of very old people who were about to die anyway. 

It is said that if Lockdowns damage our economies too much, then many more people would die than Covid-19 would ever kill, which may be true, but we don't know for certain. I tend to share the view of Mr. Kashkari, president of the Federal Reserve Bank of Minneapolis, that coronavirus running amok in our society would do far more damage to our economies than the Lockdowns would because people would panic, but again no one knows for sure.

Perhaps, although it’s worth noting that in Australia and the UK a death rate of 1% would imply hundreds of thousands of deaths before the virus burned itself out. Moreover, those who are hospitalised – a significant proportion of Covid-19 patients – will certainly suffer. And even those with more mild disease may not be exempt from long-term harm. While government restrictions are starting to feel onerous, the fact is that we simply do not know enough about this disease to be sure that even the lowest risk is acceptable. We’ve got a handle on short-term, acute issues – the things that we see in a hospital – but we’re still only just discovering what the long-term issues that this disease causes might be.

Unfortunately, the damage that Covid-19 causes is almost certainly not confined entirely to the death rate. We may not know for some time exactly what else it causes, but even now we have enough evidence to know that there are other problems out there. Letting everyone get infected is a strategy that, even ignoring the enormous death toll, could leave us much worse off as a society.

The Guardian 


Nike Sweatshops: Behind the Swoosh

Much of the US propagation about China is on the alleged Uighurs slave camps. But American companies run slave camps all over the world, which is a well known fact. People are not forced to work in these sweatshops, but the people who work in them had no choice.

It's chilling to see the white Nike management working in their plush surroundings with no concern for the Nike workers or their terrible living conditions.

The hero in this film exposes the hipocrisy of neoliberalism.


Nike Sweatshops: Behind the Swoosh is the ultimate video for exploring the sweatshop issue. Using Nike as a case study, the film documents first hand the widespread and oppressive and exploitative labor practices in the developing world.

Used as a resource by faculty members and community leaders across the country, Behind the Swoosh is appropriate for use in classrooms, libraries, conferences, churches, community centers and union halls.



3

Police stop RT as we investigate the controversy of migrants living in UK hotels

The RT channels I like are very liberal/ left, but some people accuse RT of being racist, promoting right-wing populism and anti immigration sentiment in Europe.

RT is certainly diverse, with some sections promoting climate change denial and neoliberalism. These are the smaller channels that hardly ever turn up in my YouTube feed.

This video is very interesting as it's starts off sounding pretty bad by saying how the immigrants in Britain our housed in 3 to 4 star hotels, something the British detest, but a third of the way through the journalist gives an Iraqi/ Kurdish man all the time he needs to explain why he became an immigrant in the UK, and it's pretty damning of the Western policy on the ME.

Then the last part of the video is very interesting too. The reporter interviews some British people, asking them about the immigrants, and yes, they were a bit hostile, but they were just concerned about their community changing too much, a concern I also hold. Although these people seemed very unhappy about the immigration, I could see that if they sat down and spoke to the immigrants they would soon become more understanding, change their minds, and want the immigrants to stay.

It's good to see ordinary people on TV being able to express their views. These were not Tommy Robinson type people, just everyday folk.

The problem in much of the world, I think, is neoliberalism destroying the livelihood of people. I also think effort being put in to control population, through contraception, improved living conditions, more women's rights, a welfare state, needs maximum priority.









Saturday, August 8, 2020

The Paradox of Individualism and Hierarchy — Blair Fix

Interestingly, the quantification of culture seems to support this view. People in developed countries tend to be more individualistic than those in less developed countries. WEIRD [Western, Educated, Industrialized, Rich and Democratic] people also tend to be more skeptical of autocracy and more receptive to norm-shirking behavior (behavior that economists would call ‘innovation’). This evidence seems to support the narrative (cherished by economists) that economic development is a product of the free market.

A paradox

Although WEIRD psychology fits well with the free-market narrative, it’s not clear that this narrative is actually true. In fact, there’s good evidence that economic development involves not the spread of the market, but rather, its death.

Industrialization is associated with the growth of large institutions — big firms and big governments. (See Energy and Institution Size for a review of the evidence.) Look within these big institutions and you won’t find a free market. Instead, you’ll find a chain of command that concentrates power at the top. In an important sense, then, economic development involves not the spread of the free market, but the growth of hierarchy [entailing market power resulting in monopoly and monopsony]. (For details, see Economic Development and the Death of the Free Market.)

If industrialization involves the growth of hierarchy, we’re left with a paradox. Developed countries are both more hierarchical and more individualistic than their less-developed counterparts. How can this be true? 
I explore here an interesting possibility. What if individualism does the opposite of what we think? Rather than promote autonomy, might individualism actually stoke the accumulation of power? This idea sounds odd at first. But I hope to convince you that it’s plausible.

Hierarchical organization implies social stratification and class structure, and asymmetric power and distribution. 

Economics from the Top Down
The Paradox of Individualism and Hierarchy
Blair Fix

Here’s How to Crush the Virus Until Vaccines Arrive

To save lives, and save the economy, we need another lockdown.


By Michael T. Osterholm and Neel Kashkari
Dr. Osterholm is director of the Center for Infectious Disease Research and Policy at the University of Minnesota. Mr. Kashkari is president of the Federal Reserve Bank of Minneapolis.


Steve Keen has been advocating this for months, but to eliminate covid-19 within 6 to 8 weeks. 

In just weeks we could almost stop the viral fire that has swept across this country over the past six months and continues to rage out of control. It will require sacrifice but save many thousands of lives.

We believe the choice is clear. We can continue to allow the coronavirus to spread rapidly throughout the country or we can commit to a more restrictive lockdown, state by state, for up to six weeks to crush the spread of the virus to less than one new case per 100,000 people per day.

That’s the point at which we will be able to limit the increase in new cases through aggressive public health measures, just as other countries have done. But we’re a long way from there right now.

The imperative for this is clear because as a nation what we have done so far hasn’t worked. Some 160,000 people have died, and in recent days, roughly a thousand have died a day. An estimated 30 million Americans are collecting unemployment.

New York Times 


A day at the beach in 1896, France, colourised



Links — 8 August 2020

The Analysis (collision course)
The Danger of War With China is Real and Insane
Paul Jay interviews Col. Larry Wilkerson

Ian Welsh (Sterling Newberry comments also)
America Is About To Feel Like A 3rd World Nation

Zero Hedge (V-shaped recovery or L-shaped depression?)
2020's Economic Depression Is Becoming An Endless Nightmare For Millions Of Americans
Tyler Durden

RT (If things get bad enough, could be a new New Deal)
Covid-19 pandemic will ‘bring socialism to US’ and transform the world – Nassim Taleb to RT

Fortune (some interesting numbers inside)
69% of Americans think the way they work has changed forever
Lance Lambert

econintersect (China is run like a US mega-corporation)
The U.S. vs. China: Meritocracy
Frank Li | Chinese ex-pat, Founder and President of W.E.I. (West-East International), a Chicago-based import & export company, B.E. from Zhejiang University (China) in 1982, M.E. from the University of Tokyo in 1985, and Ph.D. from Vanderbilt University in 1988, all in Electrical Engineering

SouthFront (censorship watch)
Globalists Declare Fierce War On SouthFront

Zero Hedge (Looks shocking, but it doesn't really mean anything)
US Dollar Devalues By 99% Vs Gold In 100 Years As Gold Price Crosses $2,067
Tyler Durden

Thomas Piketty's Blog at Le Monde (reconciling internationalism with national sovereignty, ending neoliberal globalism)
Reconstructing internationalism
Thomas Piketty | Professor at EHESS and at the Paris School of Economics

Sputnik International (Allan Lichtman foresees Trump loss)
Will History Repeat Itself? Professor Who Has Called Every Election Since 1984 Names 2020 Winner

Sputnik International (Bamboo curtain rising)
Hong Kong Government Will Consider Response to US Sanctions, Commerce Secretary Says

Sputnik International (Richard Nixon's "secret plan" for peace in Vietnam redux?)
Trump Says if He Wins Election US Will Make Deals With Iran, North Korea 'Very Quickly'




Putin and Trump DW Documentary

I didn't know how this would go, but it has been fairly unbiased so far. It will be interesting to see how Part 2 goes next week.




China Becomes First Major Economy to Rebound After Coronavirus



I put out a video here recently where a psychologist said that lockdowns and social distancing may cause so much stress that it could have a bigger negative effect on the economy than Covid-19. But it needn't be so, as China shows, and wearing masks may mean we never need to ever lockdown again.


Time

China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened.

China Becomes First Major Economy to Rebound After Coronavirus

The BBC

Coronavirus: Chinese economy bounces back into growth

China's economy grew 3.2% in the second quarter following a record slump.

The world's second biggest economy saw a sharp decline in the first three months of the year during coronavirus lockdowns.

But figures released on Wednesday show China's Gross Domestic Product (GDP) returned to growth during April to June.

The numbers are being closely watched around the world as China restarts its economy.

Coronavirus: Chinese economy bounces back into growth

Friday, August 7, 2020

MMT – technique exposes purpose — Peter May

Thinking about the two recent reviews of The Deficit Myth, I am coming to the view that these rather lightweight critiques are simply designed to sow seeds of doubt in readers minds. But there is no very serious argument against the facts of the case.
It's about narrative control.

Progressive Pulse
MMT – technique exposes purpose
Peter May

MOSCOW: US Global Deployment of Land Missiles Will Prompt Russia’s Quick Reaction, Non-Nuclear Attack Could Trigger Nuke Response — Drago Bosnic

“Any missile attack will be considered nuclear, because there is no possibility of identifying what type of the warhead it carries, and will trigger a nuclear response,” Russia’s Defense Ministry said in its official newspaper Krasny Zvezda (Red Star).

The ministry added,
“Once radar has detected the launch of ballistic missiles attacking Russian territory, the military leadership will be automatically informed and will determine the scale of nuclear weapons’ use.”
Fort Russ
MOSCOW: US Global Deployment of Land Missiles Will Prompt Russia’s Quick Reaction, Non-Nuclear Attack Could Trigger Nuke Response
Drago Bosnic

See also

And likely by the CIA.

Moon of Alabama
The 'Russian Coup' Plot In Belarus Was Faked By Ukraine

also

SouthFront
Evidence Surfaces Of Ukrainian Special Services Orchestrating Arrest Of ‘Russian Mercenaries’ In Belarus

Sputnik International
Russian General Staff Outlines What Kind of Attack on the Homeland May Spark Nuclear Retaliation

Got my Covid-19 test results back

 Just got my Covid-19 test results back. Fast, too, in less than 24-hr turnaround even though they said it would take an average of 11 days.

I tested negative for antibodies, but my girlfriend tested positive, which is weird because we're together like, 24/7.

Dr Michael Greger - Will You Live Longer if You Take Vitamin D Supplements & How Much Should You Take?

The optimum daily dose of vitamin D, based on studies quoted by Dr Michael Greger, is around 2000iu a day, but 3000iu or 4000iu a day may be required depending on how overweight you are.


Thursday, August 6, 2020

Some Data. — Andrei Martyanov

Reminiscence of the Future
Some Data.
Andrei Martyanov

Remdesivir Priced At More Than $3,100 For A Course Of Treatment



When people will pay anything. 

Your money or your life? 

Let the market decide. 

In the United States, Gilead Sciences will charge $520 per vial for patients with private insurance, with some government programs getting a lower price. With a double-dose the first day, that comes out to $3,120 for the five-day treatment course. For governments in developed countries outside the U.S., it will cost $390 per vial, or $2,340 for the five-day course. How much uninsured patients would pay is still unclear.

Rep. Lloyd Doggett, D-Texas, called the price "outrageous."

"Without a taxpayer investment of $99 million, this drug would have been abandoned. It would be on the scrap heap of failures," he tells NPR. "So it's the taxpayer who's really taking the risk here and ought to get the reward of the angel investors that taxpayers are."

 Remdesivir, made by @GileadSciences, has now set the price ➡️ $2,300 to $3,100 per patient.
So how much does it cost to produce each vial? 
➡️ Just $1. 
US taxpayers also had paid for the drug’s NIH trial. 

NPR

Remdesivir Priced At More Than $3,100 For A Course Of Treatment-3-100-for-a-course-of-treatment

 

Former Army Delta Force officer, US ambassador sign secretive contract to develop Syrian oil fields



The Trump administration has approved the first-ever deal for an American firm to develop and modernize oil fields in northeast Syria under control of the US-backed Kurdish-led Syrian Democratic Forces.

The secretive contract, which has been in the works for more than a year and was signed in Syria last month, is expected to produce billions of dollars for Kurdish authorities in northeast Syria, none of which will be shared with the government of Syrian President Bashar al-Assad, according to sources who spoke to CNN.

News of the deal drew an immediate rebuke from the Assad government in Damascus, which issued a statement Sunday saying the deal was an attempt to "steal Syria's oil under the sponsorship and support of the American administration," and that the agreement is "null and void and has no legal basis."




CNN

Former Army Delta Force officer, US ambassador sign secretive contract to develop Syrian oil fields

How scientists know COVID-19 is way deadlier than the flu

After months of study, scientists have better clarity on the coronavirus's lethal potential—which makes recent case surges all the more alarming.




Covid-19 could be 50 to a 100 times more deadlier than the flu.


What’s more, scientists today have a better sense of how to measure COVID-19's lethality, and the numbers are alarming. Using a more sophisticated calculation called the infection-fatality rate, paired with the past few months’ worth of data, the latest best estimates show that COVID-19 is around 50 to 100 times more lethal than the seasonal flu, on average.

This means that the U.S. and other countries seeing case surges need to brace for a very deadly summer and autumn if tactics don’t change.

National Geographic


How scientists know COVID-19 is way deadlier than the flu

Wednesday, August 5, 2020

The new episode of my podcast is out.

Gold flies. Is Neel Kashkari really that dumb? And Guuuuunnnnnddddlaaaaaacccchhhhhh!

Breakeven Inflation Unsurprisingly Low _ Brian Romanchuk

Breakeven inflation rates in the United States have recovered from their crisis swoon, but remained at depressed levels. This is in contrast to the rather feverish inflation predictions that are coming from the usual sources, like gold enthusiasts.

This article is brief, just commenting on what I see as the implications of current pricing. I am largely reiterating my views that appeared in Breakeven Inflation Analysis. I am seeing commentators discuss the implications of low "real" yields, which I think is the wrong premise. As I discussed in Section 4.2 of my book, the breakeven inflation rate is what matters. The quoted yield on inflation-linked bonds (in my view, "real yield" is a term to be avoided, due to the ambiguity in the definition created by economists) is just the residual of the two metrics that matter: the benchmark nominal yield, and the breakeven inflation rate. All the quoted yields are telling us is that the markets are predicting inflation to be somewhat lower than desired, and that New Keynesian central bankers at the Fed will be New Keynesians....
Bond Economics
Breakeven Inflation Unsurprisingly Low
Brian Romanchuk

United States Plans to Relocate Factories from Asia to Latin America — José Gregorio Martínez


This is kind of a no-brainer. The US should have been participating in a concerted effort to build a Western Hemispheric bloc rather than attempt to control Asia when China, India, Russia and Iran, and soon Indonesia, are the major players on the ground. Dumb strategy to overextend.

The US will always have a foot in Europe owing to the special relationship with Britain, even when NATO is history, which it should be already, after the collapse of the USSR. The attempt to keep it alive past its expiration date is pathetic. And dumb.

The US will also have a foot in Asia too, through Australia and New Zealand, and Israel.

This leaves Africa up for grabs, and in the latter part of this century, the major growth will come from Africa. Instead of competing for control, the world should cooperate in bringing Africa online as soon as possible. The old colonial powers need to butt out.

America’s Unholy Crusade Against China — Jeffrey D. Sachs

Last month, Secretary of State Mike Pompeo delivered an anti-China speech that was extremist, simplistic, and dangerous. If biblical literalists like Pompeo remain in power past November, they could well bring the world to the brink of a war that they expect and perhaps even seek.
Jeffrey Sachs takes aim at the crazy.

The current campaign against China goes far beyond Wilsonian liberal interventionism, neoconservatism (neo-Trotskyism) spreading freedom and democracy, and embarks on quasi-religious fanaticism based on nuttiness. 

Why? Because China has refused to be a colony that supplies the core with its manpower and natural resources and a vassal that accepts neo-imperial diktat.

Jeffrey D. Sachs | Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, Director of Columbia’s Center for Sustainable Development and the UN Sustainable Development Solutions Network, and formerly Special Adviser to three UN Secretaries-General.

The language of modern monetary theory — Richard Murphy

This provocative (in the sense of thought provoking) comment was posted on the blog yesterday and I can only apologise to Andrew Sayer and Kevin Morgan of Lancaster University, who offered it, for not getting to read it until late in the day due to other commitments. I found what they had to say extremely useful, and I am accepting the challenge to think hard that they set. Comments are welcome, and today I may be around to moderate more often:
Worth a read.
 
The problem with understanding MMT is realizing what "a new and different lens" for looking at finance and the economy, as well as their relation to society through institutional arrangements, which are determined arbitrarily, and policy choices, which are political.

All thinking that involves understanding is model-based. A descriptive proposition is a conceptual model of a putative state of affairs that can be compared with the fact that it models to determine its truth value. Descriptive propositions that are elementary involve objects, properties, relations, and classes that are logical maps expressed in symbols that involve different levels of abstraction. In explanation, general propositions articulate developed models of systems. Science is a methodology for doing this rigorously, and formally to the extent practical. But everyone has an intricate model that entails a world view in terms of which information is gathered, processed and used.

While MMT is not a model that embodies a world view conceptually, it does entail a particular view of the world with respect to economics as a field and in relation to anthropology (creditary system as historical), sociology (economic value as a subset of social value), and politics (public purpose). MMT is chiefly an institutional model that is based on how a particular system is organized, that system being the modern monetary system based on chartalism and a floating rate regime, with all this implies.

This is quite a different foundation and starting point from conventional economics and the contemporary "common sense" (naïve) viewpoint. Hence, a revolution in thinking is required in order for MMT to be properly understood and fairly critiqued. Change a major piece of one's world view is a daunting transformation for many, especially when this has far-reaching implications for one's overall world view, including possibly one's ideology. Naturally, there is resistance. But reading comments on Stephanie Kelton's new book, The Deficit Myth, for example on Twitter, some people are experiencing a change in gestalt that results in their seeing the world in a new way, and sometimes this is opposite to their former way of seeing.

What is required for MMT to take hold is nothing less than a cultural shift. It will require a "popcorn" effect of "ah-ha" experiences as people change lenses. I well recall this happening to me one day in interacting with Waren Mosler on his blog when he was taking comments there and very kindly responding to them. At the time, I realized he was using a different lens and to understand MMT I had to "grok" that lens, which is used to create a conceptual model as a gestalt. This was not difficult, since being trained in philosophy, that is what I do as a day job. But I think for many this will be a stretch until MMT becomes a cultural meme. Unfortunately, there is also a lot of misunderstanding that is contributing to the construction of this meme.

Tax Research UK
The language of modern monetary theory
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

Bill Mitchell — MMTed Q&A – Episode 10

Here is Episode 10 in our weekly MMTed Q&A series. This is the last episode in Season 1. We are experimenting with new formats and will be back later in 2020 with some live shows (if the virus abates). In this episode, I continue my talks with special guest is Warren Mosler. We talked about the Modern Monetary Theory (MMT) approach to trade, which confounds a lot of people but is really quite straightforward. And, as usual on a Wednesday, we have some great music.
Bill Mitchell – billy blog
MMTed Q&A – Episode 10
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Rachel Lutz - Why Comparing Flu and COVID-19 Severity Is Not Equivalent


Why so many people think COVID-19 is no worse than flu, and why doctors are worried.

Comparing seasonal influenza (flu) mortality to the mortality rate of coronavirus 2019 (COVID-19) is a threat to public health and demonstrates the lack of understanding about how the data is collected for each infection by varying agencies, according to a Viewpoint 

Authors from Brigham and Women’s Hospital and Emory University School of Medicine outlined why the apparent equivalence of deaths from COVID-19 and seasonal influenza are not capturing the entirety of the situation.

They said that public officials continually draw comparisons between the 2 infections, “often in an attempt to minimize the effects of the unfolding pandemic.”


Contagion Live

Rachel Lutz - Why Comparing Flu and COVID-19 Severity Is Not Equivalent

Baby boomers show concerning decline in cognitive functioning, by Jeff Grabmeier ,

There were not enough late baby boomers (born in 1960 or later) to include in this study, but Zheng said he believes they will fare no better. The same might be true for following generations unless we find a solution for the problems found here, he said.

While many of the problems linked to lower cognitive functioning are symptoms of modern life, like less connection with friends and family and growing economic inequality, other problems found in this study are unique to the United States, Zheng said. One example would be the lack of universal access and high cost of health care.

"Part of the story here are the problems of modern life, but it is also about life in the U.S.," he said.

Baby boomers show concerning decline in cognitive functioning, by Jeff Grabmeier ,


Los Angeles 

Did they fail, or did the system fail them?


The Guardian - Beirut explosion destruction captured in drone footage

Aerial video captures the devastating impact of the explosion that left dozens dead and thousands injured in the Lebanese capital. The full scale of the blast is yet to be felt as rescue efforts continued the morning after the explosion flattened much of the city's port




‘Let the young get on with their lives’ says expert making ‘herd immunity’ case

Young people who are unlikely to be seriously affected by Covid-19 should be allowed to “get on with their lives” and the case for so-called “herd immunity” must be revisited, a Scots public health expert has said

The Scotsman

‘Let the young get on with their lives’ says expert making ‘herd immunity’ case


But...

CNN: I can't shake Covid-19: Warnings from young survivors still suffering

Some young people are not getting better

As case counts among young people rise, Daniel and others in their 20s want to share stories of the wreckage Covid-19 has wrought in their lives.


Those patients can potentially experience permanent lung damage, including scarring and reduced lower respiratory capacity.

CNN


CNN: I can't shake Covid-19: Warnings from young survivors still suffering


Magnitsky Act: Behind the Scenes

It's on YouTube again, but last week it disappeared for a while and then turned up again. I thought I would post it before it goes again.


There was a website with associated with this film, but I can't find it today.

Global coronavirus death toll hits 700,000 as infections surge



                   "The Trump Curve."


The worst hit country, the United States, adds 1,300 new deaths in 24 hours


More than 18 million people worldwide have been infected with the virus was first detected in China late last year. 

The worst hit country, the United States, had added 1,300 new deaths as of Tuesday evening, bringing its toll to nearly 156,000, according to Johns Hopkins University. The caseload grew by 53,847 to nearly 4.8 million, it said


Countries in Europe are gearing up for stricter mask-wearing rules to fight the coronavirus as the global death toll from the pandemic passed 700,000. 

Nearly 5,900 people are dying every 24 hours from Covid-19 on average, according to Reuters calculations based on data from the past two weeks. That equates to 247 people per hour, or one person every 15 seconds.

SCMP

Global coronavirus death toll hits 700,000 as infections surge


Tuesday, August 4, 2020

COVID vs Eviction


Morons running public health too as well as the Central Bank...








Antibody tests


From Abbott... I think they make the test equipment...



ARE COVID-19 ANTIBODY TESTS ACCURATE? The Abbott antibody test detects antibodies to the virus that causes COVID-19. In medical and scientific language, the Abbott antibody test has 99.63% specificity and 100% sensitivity at the time of detecting antibodies 14 days or greater, post symptom onset. This means that 14 days after the onset of symptoms, the test will identify an individual who has developed antibodies to the COVID-19 virus (SARS-CoV-2) 100 % of the time. This is called the sensitivity of the test. This means that if you have developed antibodies to the COVID-19 virus the Abbott test is able to detect them. The Abbott test also tells you that the antibodies the test detected are antibodies to the COVID-19 virus 99.63% of the time. This is called the specificity of the test. This means that if you have an Abbott test for antibodies to the COVID-19 virus that detected antibodies, there is great certainty that these antibodies are to the COVID-19 virus and there is almost no possibility that the antibodies the test detected developed in response to another virus that you were previously exposed to.






Texas COVID


Comparison to flu:





Largest explosion on planet earth today...


UFB...






Energy Giants Race For 'Green Hydrogen' Market Share — Haley Zaremba


Still not competitive against fossil fuel though —unless true cost is used, which includes negative externality rather than socializing it). But accounting does not as yet deal with true cost.

Oilprice
Energy Giants Race For 'Green Hydrogen' Market Share
Haley Zaremba

See also at Oilprice
China And The EU Vie For Hydrogen Supremacy
Vanand Meliksetian

Tesla Model 3 Ranked Top Quality Sedan In China
Charles Kennedy

Trump defends his record on Covid-19



Jonathan Swan: “Oh, you’re doing death as a proportion of cases. I’m talking about death as a proportion of population. That’s where the U.S. is really bad. Much worse than South Korea, Germany, etc.”

Donald Trump: “You can’t do that.”

Swan: “Why can’t I do that?”

MMT economist Steven Hail —— Gareth Vaughan interviews Steven Hail

Hail is a lecturer at the University of Adelaide School of Economics and a Modern Monetary Theory (MMT) economist. He spoke to interest.co.nz in a Zoom interview.
interest.co.nz
MMT economist Steven Hail
Gareth Vaughan interviews Steven Hail

Bill Mitchell — Tracing the roots of progressive views on the duty to work – Part 1


Excellent post featuring – drumroll – Marx.

Note that "parasites" means free riders.

Bill Mitchell – billy blog
Tracing the roots of progressive views on the duty to work – Part 1
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Stephen Grenville - Modern Monetary Theory and mainstream economics converging



When MMT started to gain acceptance in some parts of the mainstream, the neoclassical economists fiercely fought back, but now it looks like they are finally losing the debate. More and more people are now prepared to give it a try because they think it looks feasible. 

7. Conclusion

MMT proponents must feel that their moment has arrived at last. The core elements of their proposal are being more widely accepted by mainstream economists and now, with COVID, being put into practice. Big deficits are being rolled out everywhere, partly funded by central bank money creation. Debt hawks and inflation alarmists have largely gone silent, and the bond-market vigilantes are no-where to be seen. The MMT promise of free funding for deficits has turned out to be almost true because interest rates are so low and expected to remain so for the foreseeable future. Their view that inflation is caused by running the economy ‘too hot’, rather than by excessive money creation, is now more widely accepted.

Eureka Report 

Covid-19 infections leave an impact on the heart, raising concerns about lasting damage



One study examined the cardiac MRIs of 100 people who had recovered from Covid-19 and compared them to heart images from 100 people who were similar but not infected with the virus. Their average age was 49 and two-thirds of the patients had recovered at home. More than two months later, infected patients were more likely to have troubling cardiac signs than people in the control group: 78 patients showed structural changes to their hearts, 76 had evidence of a biomarker signaling cardiac injury typically found after a heart attack, and 60 had signs of inflammation.

These were relatively young, healthy patients who fell ill in the spring, Valentina Puntmann, who led the MRI study, pointed out in an interview. Many of them had just returned from ski vacations. None of them thought they had anything wrong with their hearts.

Statnews

Covid-19 infections leave an impact on the heart, raising concerns about lasting damage


DrcMonica Gandhi - Mask wearing may decrease severity of COVID-19

It's bizarre how the people who complained the most about the Lockdowns harming our economy are the very same people who are the most resistant to wearing masks, which could reduce further lockdowns. Mask wearing could mean we never need a lockdown again, according to Dr Monica Gandhi.

Covid-19 is different to the flu virus in that most people who get it will have mild symptoms or be asymptomatic. But in those people that are badly affected their immune system overreacts going into a cytokine storm.

Wearing a mask reduces the viral load which means the body is better prepared and doesn't go into this cytokine storm. The result is that masks wearers who get C19 are more likely to have mild symptoms or even none at all.


One More Reason to Wear a Mask: You’ll Get Less Sick From COVID-19

As more and more states promote face masks as a way to control the spread of COVID-19, the top-line message has been: wear a mask to protect others. While it’s true that most face masks are more effective in preventing you from launching droplets into the air than breathing in already dispersed droplets – that doesn’t mean masks offer no protection to the wearer.

It’s likely that face masks, by blocking even some of the virus-carrying droplets you inhale, can reduce your risk of falling seriously ill from COVID-19, according to Monica Gandhi, MD, an infectious disease specialist at UC San Francisco.

“The more virus you get into your body, the more sick you are likely to get,” she said.

In the latest wave of infections in the U.S., the wider use of masks may be one factor for the lower death rates – along with more testing, younger patients and better treatments – said Gandhi. A greater proportion of these new cases have been mild or asymptomatic, though more data is needed to see if they track geographically with higher rates of mask-wearing.

Worldwide, epidemiological patterns seem to provide a clue. In countries where mask wearing was already commonplace, such as Japan, South Korea, and Singapore, and in countries where mask wearing was quickly embraced, such as the Czech Republic, rates of severe illness and death have remained low, even with new cases. Countries with uneven rates of mask-wearing, like the United States, have fared more poorly.

These epidemiological observations are among the evidence that Gandhi and colleagues cite in a forthcoming paper in the Journal of General Internal Medicine, in which they propose that masks can lead to milder or asymptomatic infections by cutting down on the dose of virus people take in.

“Masks can prevent infection altogether, as was seen in healthcare workers when we moved to universal masking. We are also saying that masks, which filter out a majority of viral particles, can lead to a less severe infection if you do get one,” said Gandhi. “If you get infected, but have no symptoms – that’s the best way you can ever get a virus.”

NOT A NEW IDEA

COVID-19 is caused by an RNA virus dubbed SARS-CoV-2. The idea that viral dose, also known as viral inoculum, determines the degree of illness is not new, said Gandhi. Descriptions of a dose-mortality curve – how much of a virus is needed to cause death in an animal – were first published in 1938. And after all, the earliest vaccines, which were documented in 16th century China, involved exposing someone to a small amount of smallpox virus to induce mild illness and subsequent immunity.

Researchers have studied dose dependency experimentally with other viral infections, like the flu. In a study with healthy human volunteers, those who received a higher dose of the influenza A virus developed more severe symptoms.

Because the new coronavirus is potentially lethal, experiments on masking and disease severity have been necessarily limited to animals. In a hamster study, a surgical mask partition between the cages of infected and uninfected hamsters significantly cut COVID-19 transmission. Fewer hamsters caught the virus and those that did showed milder symptoms. 




Monday, August 3, 2020

ATOMIC BOMBINGS AT 75: Another Hiroshima is Coming — Unless We Stop It Now — John Pilger


Dire warning.

Counterpunch
ATOMIC BOMBINGS AT 75: John Pilger — Another Hiroshima is Coming — Unless We Stop It Now
John Pilger

May not make a difference though.

Collapse inevitable within a few decades anyway.

Nature Scientific Reports
Mauro Bologna and Gerardo Aquino

Will the SECOND WAVE of CORONAVIRUS be WORSE than the first? - VisualPolitik EN

Masks reduce the spread of COVID-19 infections, as well as lowering the viral load, leading to a far less severe infection. In this way, masks will also significantly reduce the impact that Covid-19 will have on our economies.

The conspiracists always complained that the Lockdowns were doing far too much damage to our economies, and yet they refuse to wear masks which could limit the impact of COVID-19.

Pay close attention to this data: 13.5 million cases and about 600,000 deaths worldwide.

While it may seem in Europe or Asia, that the SARS-CoV-2 pandemic is already more or less under control, the virus continues to spread around the world at breakneck speed. And for now, the Americas are taking the brunt. With just over 13% of the world's population, the American continent already accounts for more than half of all confirmed COVID-19 cases worldwide.

Unfortunately, it doesn't end there. Many experts are warning of the possibility of us being at the threshold of a second wave. If the so-called Spanish flu of 1918 is a reference, this second wave may be even worse than what we have already seen.

So, are we really at the gates of a second wave? How could it manifest itself? What consequences could it have? And the most important question, how can we prevent a second wave of the coronavirus? In this video, we try to answer these questions. 




Tito needs the IMF, South Africa doesn’t — Dick Forslund

It shows why the extreme economic programme of the neoliberal faction in the ANC — a programme that rules out redistribution from rich to poor and any challenge of corporate power as policy alternatives — needs to be politically locked-in almost by means of political pressure from international institutions.
A further measure to prevent democratic processes and elections from changing economic policy is captured by the commitment in the Letter of Intent to the IMF, to seek government consensus for the introduction of a debt ceiling. This would have the effect of tying the government’s hands, preventing it from implementing stimulus packages and meeting the urgent needs of the population in critical times like the present....
There you have it. 

Mail & Guardian (UK)
Tito needs the IMF, South Africa doesn’t
Dick Forslund

The 21st Century Is Set To Be One Of Massive Disruptions That Pose Serious Threats To Society — Ann Florini and Sunil Sharma


Well, it couldn't be any worse, or that much worse, than the 20th century, with two world wars and a global depression, could it?

econointersect.com
The 21st Century Is Set To Be One Of Massive Disruptions That Pose Serious Threats To Society
Ann Florini, clinical professor at the Thunderbird School of Global Management, Arizona State University, and Sunil Sharma, distinguished visiting scholar at the Elliott School of International Affairs, The George Washington University, and a senior associate at the Council on Economic Policies, Zurich, Switzerland

Why Microsoft wants TikTok — Tom Warren

Mixer streaming service. Microsoft has been favoring its enterprise software and services, and even Cortana has transitioned to be productivity-focused. How does a service that caters to dancing teenagers fit with Microsoft’s buttoned-up business demographic?

If you dig a little deeper into Microsoft’s future ambitions, though, a move to acquire TikTok’s operations in the US, Canada, Australia, and New Zealand could benefit many of Microsoft’s existing businesses while also setting the company up as a real competitor to YouTube and Facebook....
The Verge
Why Microsoft wants TikTok
Tom Warren

See also

Fast Company
Trump to Microsoft: You can buy TikTok, but you have to give the U.S. government a cut
Lydia Dishman

Bill Mitchell – Latest Data – largest quarterly output decline in recorded US history – but Europe is worse

The US Bureau of Economic Analysis (BEA) released the – Gross Domestic Product, Second Quarter 2020 (Advance Estimate) – data last week (July 30, 2020). It shows that the US economy has declined by 9.49 per cent between the March- and June-quarters. On an annual basis the decline was 9.54 per cent. This is the largest quarterly contraction in recorded history. Consumption expenditure declined by 10.1 per cent in real terms and business investment by 17.4 per cent. The collapse in consumer expenditure was mostly concentrated in services (-22.6%), which reflected lockdowns and the unwillingness of consumers to continue normal practices. Personal saving as a percentage of disposable personal income jumped dramatically from 9.5 per cent in the March-quarter to 25.7 percent in the second quarter. That is a testament to the endemic uncertainty that the pandemic has created. The contribution of net exports actually rose, not because exports rose (their individual contribution was -9.38 points), but because of the slump in imports – a smaller leakage from the expenditure system (adding 10.1 points t growth!). Overall, there is no trend – just a massive mess. How the second wave of the virus impacts is anybody’s guess but lots more deaths and more disruption is certain....
Bill Mitchell – billy blog
Latest data – largest quarterly output decline in recorded US history – but Europe is worse
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Why Can't We All Just Get Along? The Uncertain Biological Basis of Morality — Robert Wright

If you put Greene’s findings in general form—human “reasoning” is sometimes more about gut feeling than about logic—they are part of a wave of behavioral-science research that in recent years has raised doubts about how much trust your brain deserves. The best-seller lists have featured such books as Predictably Irrational, by the Duke psychologist Dan Ariely, and Thinking, Fast and Slow, in which the Princeton psychologist and Nobel laureate Daniel Kahneman covers acres of research into humanity’s logical ineptitude.

But there’s a difference between this work and Greene’s work. Ariely and Kahneman spend lots of time in their books on financial and other mundane decisions, whereas Greene is focusing on moral matters....
It's beyond the scope of this comment since the literature on this has along history extending back millennia. Recent findings in science, in particular biology — evolutionary theory and cognitive science, for example — as well as psychology — behavioral economics, for instance — clarify but do not resolve the debate. 

What is clear is that human rationality is not the only factor in decision making and behavior. Therefore, assuming "rational maximization" of "preferences" is not justified by fact.

As Keynes noted, economics is not a natural science but rather a "moral science." The human condition has to be taken into account, of which evolutionary influences must be taken into account along other factors in analyzing relationships of humans each other and with the environment. This relationship structure is not fixed and "natural," but rather it is historical and dynamic. It is also key in a complex adaptive system in which reflexivity and emergence are factors.

This implies that a data-based approach to analysis that takes these factors into account will outperform an intuitive approach based on natural regularities as the basis of a formal system. Behavioral economists have already pointed this out.

There is also the influence of "moral" factors. The "trolley problem" comes up in economics in terms of tradeoffs, for example. Some of these tradeoffs involve assigning a monetary value to an individual live based, for instance, on lifetime earning power. This presents is own moral issues similar to the trolley problem. If "money" is regarded as a scarce commodity, as conventional economics assumes, then policy choices will involve assumed tradeoffs that don't actually apply. The argument that efficiency trumps effectiveness then breaks down. The actual tradeoff is in terms of real resources that are available to be brought to bear.

The moral issue is a huge issue that is generally ignored in economics, and approaches to economics that incorporate it are marginalized by conventional economics, which assumes that economic liberalism should be dominant over social and political liberalism, and that morality should be ruled out in science since it is not naturalistic.

But conventional economics is about human choice, and choices are influence by value other that only economic value, humans being social animals and moral animals rather than economic animals.

The Atlantic
Why Can't We All Just Get Along? The Uncertain Biological Basis of Morality
Robert Wright

See also

Fast Company
Talk to your dogs: Their brains process speech the same way yours does

Updated - How Your Brain Is Getting Hacked: Facebook, Tinder, Slot Machines | Tristan Harris

Updated with KV Tweet


I read an article recently which warned that too much use of social media can chronically raise cortisol levels which can lead to long term ill health.

I sometimes spend days debating with conspiracists, deniers, and very recently with some Zionists, which was particularly ugly because they believe they are fighting a war.

These debates often leave me feeling wired and irritated. Sometimes I realise that the person I have been fiercely debating with is actually quite a nice guy, and so I start to feel guilty because I may have demolished him.

What is very endearing is when prominent people in politics and economics tweet photos of the cakes they have baked, the flowers in their gardens they have just attended, or their family pets.

On the whole, I think I put out some very interesting tweets, but they are usually ignored. Twitter can be great fun, but I'm wondering if it's worth it at all.

Tristan Harris describes how addictive social media is: You put a tweet in and wait for the likes, which is like pulling a slot-machine lever and then waiting, hoping to win. Even the software designers themselves get addicted.





One of my tweets that never got any likes.

"What happened to Fred?"



Doctor Fact-Checks PLANDEMIC Conspiracy

This doctor debunks many of the Covid-19 conspiracy theories.

Hospitals do get $13,000 per patient and then another $39,000 when they go on ventilators, but ventilators are very expensive, and people on them need more supervision, more trained medical staff, and very expensive drugs.


Hundreds of you have requested that I watch and respond to the Plandemic movie ft. Dr. Judy Mikovits, recently published on social media. I decided to check it out and respond point by point to the biggest claims the conspiracy theory movie makes. Please be respectful in the comments as the goal is to have a fruitful discussion. 







Venerable U.S. retailer Lord & Taylor filed for bankruptcy, becoming the latest in a growing list of storied names to do so amid the ongoing shutdown

Aug 2 (Reuters) - Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.

The company estimated both assets and liabilities in the range of $100 million to $500 million, its filing in the U.S. Bankruptcy Court for the Eastern District of Virginia showed. A storied department store chain founded in 1826, billed as the oldest in the U.S., Lord & Taylor had been exploring other options as well as filing for bankruptcy. Big names that already filed for Chapter 11 include J Crew Group, JC Penney and Neiman Marcus in May, while Lucky Brand became a casualty of the pandemic in July.

Fashion rental service start-up Le Tote acquired Lord & Taylor last year from Saks Fifth Avenue owner Hudson's Bay Company for C$100 million ($74.62 million).

Venerable U.S. retailer Lord & Taylor filed for bankruptcy, becoming the latest in a growing list of storied names to do so amid the ongoing shutdown

Former CIA Agent John Stockwell Talks about How the CIA Worked in Vietnam and Elsewhere



John R. Stockwell (born 1937) is a former CIA officer who became a critic of United States government policies after serving seven tours of duty over thirteen years. Having managed American involvement in the Angolan Civil War as Chief of the Angola Task Force during its 1975 covert operations, he resigned and wrote In Search of Enemies.

As a Marine, Stockwell was a CIA paramilitary intelligence case officer in three wars: the Congo Crisis, the Vietnam War, and the Angolan War of Independence. His military rank is Major. Beginning his career in 1964, Stockwell spent six years in Africa, Chief of Base in the Katanga during the Bob Denard invasion in 1968, then Chief of Station in Bujumbura, Burundi in 1970, before being transferred to Vietnam to oversee intelligence operations in the Tay Ninh province and was awarded the CIA Intelligence Medal of Merit for keeping his post open until the last days of the fall of Saigon in 1975.

In December 1976, he resigned from the CIA, citing deep concerns for the methods and results of CIA paramilitary operations in Third World countries and testified before Congressional committees. Two years later, he wrote the exposé In Search of Enemies, about that experience and its broader implications. He claimed that the CIA was counterproductive to national security, and that its "secret wars" provided no benefit for the United States. The CIA, he stated, had singled out the MPLA to be an enemy in Angola despite the fact that the MPLA wanted relations with the United States and had not committed a single act of aggression against the United States. In 1978 he appeared on the popular American television program 60 Minutes, claiming that CIA Director William Colby and National Security Advisor Henry Kissinger had systematically lied to Congress about the CIA's operations.

Bongino: How was Steele connected with the real people in the fake Russia dossier?

It contains an interesting video. It looks like the Russiagate narrative is falling apart.

Sen. Lindsey Graham teases evidence that the FBI lied to Congress about the Steele dossier; Fox News contributor Dan Bongino reacts.

Yahoo

Bongino: How was Steele connected with the real people in the fake Russia dossier?

Sunday, August 2, 2020

The Privatization of Global Chaos — Stephen Karganovic

Neoliberalism and neoconservatism as the servant of capitalism through neo-imperialism and neocolonialism?

Strategic Culture Foundation
The Privatization of Global Chaos
Stephen Karganovic, President of the Srebrenica Historical Project

New Evidence Suggests Young Children Spread Covid-19 More Efficiently Than Adults



Conspiracists on twitter are complaining that they are not allowed to take their kids to see their grandparents so they can give them a cuddle. Old people are suffering, they say. Yes, it's true, pandemics are horrible.


Two new studies, though from different parts of the world, have arrived at the same conclusion: that young children not only transmit SARS-CoV-2 efficiently, but may be major drivers of the pandemic as well. 

New Evidence Suggests Young Children Spread Covid-19 More Efficiently Than Adults

Some scientists are taking a DIY coronavirus vaccine, and nobody knows if it’s legal or if it works

Famed geneticist George Church and at least 20 others didn’t want to wait for the results of clinical trials: “I think we are at much bigger risk from covid.”




I'll have to admit, I'm tempted, although I think it's probably worth waiting a few weeks to see if anyone dies first. But it does seem to be just harmless fragments of a dead coronavirus.

A warning:

He isn’t the only skeptic. Arthur Caplan, a bioethicist at New York University Langone Medical Center, who saw the white paper, pans Radvac as “off-the-charts loony.” In an email, Caplan says he sees “no leeway” for self-experimentation given the importance of quality control with vaccines. Instead, he thinks there is a high “potential for harm” and “ill-founded enthusiasm.”

Some scientists are taking a DIY coronavirus vaccine, and nobody knows if it’s legal or if it works

I've been warned by an immunologist on twitter not to try this. It could leave the body to an heightened sensitivity to disease.


The Key to Value: The Debate over Commensurability in Neoclassical and Credit Approaches to Money — Christine Desan

Neoclassical and credit approaches to money represent dramatically different theories of value. For many within the neoclassical tradition, the market exists as a conceptual enterprise – a place where independent agents compare and rank real goods, exchanging them afterwards to in accord with their preferences. That theory reflects a particular approach to value, identifying it as a pre-existing quality ranked by individual choice. The theory also generates a particular approach to money, assuming that a term of measurement naturally imports commensurability into evaluation.
By contrast, public credit approaches suggest that creating commensurability in a world heterogeneous in so many aspects is a profound challenge. Modern political communities have responded by substantiating value in a unit that is cognizable to all: they issue credit tokens that can be set off against widely shared public obligations. That means, first, that value cognizable in money follows rather than pre-exists market activity: it is produced as individuals use credit money as a medium. Second, because value is produced as people use money, the character of that money matters: its nature as credit carries with it an allocative bias. Both governments and private lenders (banks) advance credit in order to spend selectively: they create a credit medium by providing credit to some people relative to others. According to the way money is created, definitionally we might say, individuals will not be equally situated in the process that generates prices. Decisions about value are made in the wake of that fact. The essay closes by contrasting the democratic visions at stake in neoclassical and public credit approaches to value. That exercises suggests that, if the public credit approach better describes money and market, their potential can only be realized by promoting rather than assuming equality.
Value theory is one of the foundational aspects of philosophy and social science, including economics. While economics is concerned with economic value, value is relation between subjective and objective factors that are not limited to the field of economics, and economic agents are also social and political agents.

Neoclassical theory assumes homogenous agency to be the natural state. Homo economicus is atom-like. All agents in this view are essentially fungible in representative agency.

Contrastingly, credit is discriminatory based on institutional criteria. In this institutional view, agents are heterogenous, and unequal access pertains, resulting in asymmetries that lead to arbitrary distributive inequality – instead of "just deserts" based on productive contribution in marginalism.

Since governments are necessarily deeply involved institutionally, e.g., legally, the resulting asymmetries are institutionally generated based on policy choices.

The insight of MMT via Warren Mosler is that currency-issuing governments have a monopoly on their currency and as such, they are price setters rather than price takers. Monetary policy is government policy and the overnight rate is the policy rate generally set by the central bank in the existing monetary system. The policy rate is the benchmark rate for the price of money, and monetary value is a reaction to the policy rate. For example, the value of assets is dependent on changes in the policy rate, and expectations thereof.

Furthermore, neoclassical theory assumes a fixed stock of loanable funds that influences money demand. There is no such fixed stock in a credit theory where loans create deposits and the government faces no limit on its ability to create currency, inject it and withdraw it.

MMT economists have explored the details of this in depth, based on institutional arrangements, and Eric Tymoigne has made a draft version of his money & banking text based on MMT analysis available here.

Just Money
The Key to Value: The Debate over Commensurability in Neoclassical and Credit Approaches to Money
Christine Desan

The Extremely Boring Idea That Could Save the Economy — Jordan Weissmann


Automatic stabilizers.
 Automatic stabilizers won’t entirely eliminate the need for Congress to act when the economy tanks, since each recession has its own unique root causes that usually need to be addressed. In 2008, there was a housing crash and financial crisis; today, there’s a pandemic that’s shut down normal life. Lawmakers will still have to come up with solutions to tomorrow’s calamities as they arise.
What stablizers would do is spare our elected officials the need to reinvent the wheel every time a crisis comes up, by making the basic, well-established steps for fighting a recession an automatic routine that doesn’t require a massive partisan fight to enact.
The MMT JG is also an automatic stabilizer, but the article doesn't mention it.

Spending is not the only tool, either. Another automatic stabilizer that is often not considered in the tax rate. Targeted variable tax rates could be employed along with flexible spending to moderate cyclical swings, although secular issues might have to be addressed with specific legislation to target particular emergent challenges.

William Binney of the NSA Discusses True origin of Russiagate [Excerpt]

From the video I put out the other day, but that was two hours long.


Transcript here :

CIA Fabricated Russiagate "Evidence", Says Former NSA Tech Chief | Zero Hedge

 William Binney of the NSA Discusses True origin of Russiagate [Excerpt]

Saturday, August 1, 2020

Moon of Alabama — TikTok - How The White House Helped U.S. Investors To Raid A Chinese Company


You be the judge.

Moon of Alabama
TikTok - How The White House Helped U.S. Investors To Raid A Chinese Company

John Helmer - AUSTRIA CONFIRMS OPCW REPORT ON SKRIPAL FAKING BY THE BRITISH

VIENNA EXPOSES FINANCIAL TIMES LIES AND COVER-UP


Austria officially confirmed this week that the British Government’s allegation that Novichok, a Russian chemical warfare agent, was used in England by GRU, the Russian military intelligence service, in March 2018, was a British invention.

Naked Capitalism 


From Tik Tok - Covid-19 World Update


Scared That Covid-19 Immunity Won’t Last? Don’t Be

The antibodies may diminish in time, but the body will still have sufficient immunity.

Dropping antibody counts aren’t a sign that our immune system is failing against the coronavirus, nor an omen that we can’t develop a viable vaccine.

The Telegraph 

Scared That Covid-19 Immunity Won’t Last? Don’t Be

U.S. government to launch 'overwhelming' COVID-19 vaccine campaign by November

I've read that academics believe that the majority of anti-vaxxers will change their minds and have the vaccine. There will still be a hard-core minority that will continue to resist, but it might not matter too much, especially if many of them get naturally immune.

The Trump administration anticipates launching a far-reaching promotions campaign by November to encourage Americans to get vaccinated against the coronavirus, contingent on evidence that a successful vaccine will be available roughly by year end, a senior administration official said.

The campaign will likely be compressed into a short period of time, around four to six weeks, to eliminate any lag between when Americans are alerted to the vaccine and then they can get vaccinated, the official said during a press conference.

U.S. government to launch 'overwhelming' COVID-19 vaccine campaign by November

Russia aims to begin public Covid-19 vaccinations in October, starting with medical workers & teachers – Minister of Health

Russia also has other vaccines soon to be ready.

Russia expects to start mass anti-coronavirus vaccinations, across the country, by October, the country’s health minister has said. Mikhail Murashko added that medical workers and teachers will be given first priority.


Russia hopes to become the world’s first country to have a Covid-19 vaccine approved. Normally vaccines take years to develop and properly test – but, given the circumstances of the pandemic, many nations and pharmaceutical companies have claimed that a safe product could be made in 18 months or less.

RT

Russia aims to begin public Covid-19 vaccinations in October, starting with medical workers & teachers – Minister of Health