Saturday , October 31 2020
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Naked Capitalism

2:00PM Water Cooler 10/30/2020

By Lambert Strether of Corrente. Bird Song of the Day #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. Here are the United States regions: No sign of relief, sadly…. Here are the Swing States as I conceive them (see below): Ditto…. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.”...

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Links 10/30/2020

How dogs tracked their humans across the ancient world Science And Now, a Sinkhole Full of Rats New York Magazine. Very on-brand for 2020. Too few companies disclose financial hit from climate change, regulator says Reuters Big Tech shows its resilience to pandemic and politics FT M.T.A. Slashes in Service Could Erase 450,000 Jobs NYT Zeta leaves over 2.1 million customers without power and at least 6 dead after battering Gulf Coast CNN Authorities Urge Orange County Residents To Stop...

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We Have Published 25,000 Posts! And Recently Hit 1.5 Million Comments!`

Thanks so much to all of our terrific contributors, readers, and donors. Naked Capitalism just achieved 25,000 published posts, ironically with this morning’s piece on Glenn Greenwald’s abrupt and revealing departure from The Intercept. We also passed 1.5 million comments a couple of weeks ago, and are now at 1,506,143, for those of you who like precision. Please thank our comment moderators: Jules, Lambert, and in the past, Andrew Dittmer and crittermom. All have played invaluable roles in...

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Gig Worker Employment Fights Like Those in California Pit Flexibility Against a Livable Wage – But ‘Platform Cooperatives’ Could Ensure Workers Get Both

Yves here. I wish we’d spent more time on Prop 22, but we have more impact taking on gig economy companies as investment frauds, as well as documenting how poor their pay levels are. This phase of the information revolution bears an uncomfortable resemblance to the first generation (or by some measures, a full two generations) of the Industrial Revolution in England, where real worker wages fell markedly. By Juliet B. Schor, Professor of Sociology, Boston College. Originally published at The...

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Glenn Greenwald Resigns from the Intercept Over Censorship of Article on Hunter and Joe Biden

Glenn Greenwald resigned from the Intercept over its refusal to publish a story at odds with the prevailing narrative on the Hunter Biden laptop story, that it is a moshup of a nothingburger and a dastardly Russian plot. In Greenwald’s post on his departure, the Pulitzer Prize winning reporter not only describes how the Intercept has abandoned its founding mission of skeptical, hard-hitting, “no favorites” reporting and won’t even consider publishing the work of journalists who depart from...

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The Scary Truth Is Many Senate Dems Share the Same Corporate Agenda as Amy Coney Barrett

Yves here. Lambert as well as quite a few readers pointed out that there was an obvious reason for the lack of an effective opposition to the Amy Coney Barrett nomination. Most Democratic Senators are perfectly happy with Barrett’s position on big money issues. So it suited the party to use her nomination to engage in virtue-signalling and fundraising. By Leonard C. Goodman, a Chicago criminal defense attorney and co-owner of the newly independent Reader. Originally published at The Reader On...

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Biden at Gettysburg and Lincoln’s Second Inaugural: Division and Unity

Biden at Gettysburg[1]: The very definition of bathos? We shall see. (Biden has now given a speech in Warm Springs, GA, FDR’s personal retreat. I suppose I shall have read his homage to FDR too, and find the appropriate speech to compare it to, but not today.) Unfortunately, I don’t have the energy to pull on my yellow waders and do a close reading of Biden’s speech; instead, since Biden explicitly invokes Lincoln’s Second Inaugural (“With malice toward none”), I will compare Biden to Lincoln...

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2:00PM Water Cooler 10/29/2020

By Lambert Strether of Corrente. Bird Song of the Day So that is a thrush! #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. Here are the United States regions: No sign of relief, sadly. (I don’t know what other strongly regional countries look like, but the first of our three stairsteps was in the Northeast, the second in the South, and to a lesser extent the West, and the third… everywhere. This pattern merits...

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How Donald Trump Is Putting American Workers at Risk

Yves here. Oddly, or perhaps not, the press hasn’t paid much mind to the Trump Administration weakening worker protections, particularly OSHA. It’s been instructive to see the utter failure of the brunching classes to demand basic employee protections under Covid, like a requirement that any employer that requires employees to continue to come in to work provide a mask every day, and where appropriate, gloves. By Tom Conway, the international president of the United Steelworkers Union (USW)....

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Don’t Look Down! Estimating the Depth of State Covid Budget Holes

Having an exciting night with the power cutting in and out due to Zeta isn’t conducive to concentrating. And was not conducive to searching either, since we eventually lost our Internet connection. So apologies for this post being thin. Nevertheless, let us turn to another solid Wall Street Journal article on Covid’s considerable damage to the economy. Yesterday, we discussed a critically important issue that both Presidential candidates are pointedly ignoring: that once Trump eviction...

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