The Italian Connection

By Willis Eschenbach [Note updates at the end] – Re-Blogged From WUWT

Since the earliest days of the current pandemic, Italy has been the scary member of the family that you absolutely don’t want to emulate, the one cousin that gets into really bad trouble. The Italians have the highest rate of deaths from the COVID-19 coronavirus, and their numbers continue to climb. Here’s the situation today.

Figure 1. Deaths from the COVID-19 coronavirus expressed as deaths per ten million of the country population. Percentages of the total population are shown at the right in blue. All countries are aligned at the date of their first reported death. Most recent daily chart and charts of previous days are available by going here and scrolling down.

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Graphing The Icy Reality

By Willis Eschenbach – Re-Blogged From WUWT

Today I saw some scary headlines. I post them up along with snippets of the stories. First, from the BBC:

Greenland and Antarctica ice loss accelerating

Earth’s great ice sheets, Greenland and Antarctica, are now losing mass six times faster than they were in the 1990s thanks to warming conditions.

“That’s not a good news story,” said Prof Andrew Shepherd from the University of Leeds in the UK.

Next, from the NASA Jet Propulsion Laboratory (JPL)

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Bills Are Coming Due

By Associated Press – Re-Blogged From Headline Wealth

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.


UNDER REVIEW: This week, the U.S. reported that a staggering 3.3 million Americans applied for unemployment benefits last week, a five-fold increase over the last high sent in 1982. On Friday, President Donald Trump signed a $2.2 trillion aid package into law. Few believe it will be the last in the aftermath of this viral outbreak. Credit ratings agencies are taking note of the financial standing of the U.S., and other nations.

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2020 Gold Price Forecast And Gold Thesis

By Don Durrett – Re-Blogged From Gold Eagle
Gold is currently showing some strength, with a price over $1600. However, there is still a lot of paper gold selling (where the spot price is determined), and there is no clear direction in price. In fact, I have been saying all year that until silver gets above $18.50, I won’t consider this a gold bull market.

Top Scientists Admit Coronavirus Death Rate Likely Much Lower than Predicted

‘A universal quarantine may not be worth the costs it imposes on the economy, community and individual mental and physical health…’

(Ben Sellers, Liberty Headlines) A British disease expert whose doom-and-gloom coronavirus model was widely cited by outlets like the New York Times backtracked on those claims Wednesday to cast a far more optimistic picture.

Neil Ferguson, an epidemiologist at Imperial College London, initially projected 2.2 million dead in the United States and 500,000 in the United Kingdom.

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How Much Human-Caused Global Warming Should We Expect?

By Andy May – Re-Blogged From WUWT

OMG! The world is going to end, and we caused it. This story, in one form or another, goes back to biblical times. According to Genesis (6:9 to 9:17) God decided that humans had sinned too much and must be punished, so he called up a great flood to destroy the world. A similar story also appears in the earlier Epic of Gilgamesh. End of the world predictions are very popular and recur regularly in human history.

More recently, prognosticators have predicted climate change disasters that are due to human actions (sins?). During the Little Ice Age (see Figure 3 in the link), the European public blamed the cold weather on witches and Jews, over 50,000 “witches” and tens of thousands of Jews were killed because they supposedly caused the cold weather and glacial advances. Thus, the idea that humans somehow control climate change is very old. We have no more proof that this is the case today than people had in 800AD, which is about when Archbishop Agobard of Lyons, France said:

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Silver Miners’ Q4’19 Fundamentals

By Adam Hamilton – Re-Blogged From Silver Phoenix

The carnage in the silver miners’ stocks has been apocalyptic, fueled by the astounding COVID-19 stock panic.  As terrified traders frantically dumped everything and ran for the hills, silver and its miners’ stocks crashed.  That catastrophic anomaly has potentially created epic contrarian buying opportunities.  The silver miners’ recently-reported Q4’19 results reveal whether their fundamentals support a massive rebound.

As long-time silver-stock traders are painfully aware, this tiny sector is no stranger to adversity.  Only the most-hardened contrarians dare chasing the white metal’s occasional monster skyrocketings.  Back in late February, silver was rallying nicely as gold surged over $1600 on mushrooming COVID-19 fears.  But over the next 17 trading days silver collapsed 35.8%, with nearly 3/4ths of that loss in the final week alone!

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The Energy Disaster Kicking Into Full Gear

By SRSrocco – Re-Blogged From Gold Eagle

There’s more evidence finally surfacing in the media of the dire energy predicament the world is now facing.  The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the global contagion has sped up the process considerably.  Unfortunately, the world will never return back to the energy consumption and GDP growth experienced in 2019.  I believe the peak of unconventional oil production has finally arrived… FOREVER.

Here are a few highlights describing the ongoing ENERGY DISASTER taking place

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Summary of Wuhan #Coronavirus Therapies and Potential Cures

By Rud Istvan, – Re-Blogged From WUWT

In the 3/19 Wuhan virus briefing with the FDA, team Trump made much of the possibilities for two therapeutic candidates, chloroquine and remdesivir. Having now done informed basic research on both, I found their stories intrinsically interesting, while enabling an early assessment of their chances of success. Hence this hopeful guest post.

Background

Wuhan coronavirus is an enveloped positive sense single strand RNA virus, meaning its core genetic RNA code is just one long chain coding directly for several proteins, surrounded first by a protective viral protein capsid coat, and then a lipid membrane ‘envelope’ from which project so called “E” (for envelope) and “S” (for spike) proteins. The S protein is what the virus uses to bind to and then invade the lung’s epithelial cells in order to hijack those cell’s reproductive machinery to make copies of itself using its RNA polymerase, itself encoded in about 2/3 of the core viral genetics. The newly assembled virions that then bud out to infect new cells also eventually kill the infected epithelial cell. Covid 19 disease is caused both by the death of those cells and the immune system’s eventual response to the infection.

The S spikes are also the reason this virus class is named corona, because the spikes make it look under SEM like the virus is wearing a crown.

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Record 3.3 Million Americans Apply for Unemployment Benefits

By Associated Press – Re-Blogged From Headline Wealth

Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

The surge in weekly applications was a stunning reflection of the damage the viral outbreak is inflicting on the economy. Filings for unemployment aid generally reflect the pace of layoffs.

Layoffs are sure to accelerate as the U.S. economy sinks into a recession. Revenue has collapsed at restaurants, hotels, movie theaters, gyms and airlines. Auto sales are plummeting, and car makers have closed factories. Most such employers face loan payments and other fixed costs, so they’re cutting jobs to save money.

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Heartland Institute Launches ClimateRealism.com

Re-Blogged From WUWT

This new website will debunk the alarmist climate propaganda that dominates the media’s coverage of the environment

ARLINGTON HEIGHTS, IL (March 19, 2020) – The Heartland Institute is proud to announce ClimateRealism.com, a new website that debunks climate scares perpetuated in the media. ClimateRealism.com is Heartland’s second new climate website launched this month; ClimateAtAGlance.com debuted last week.

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The Danger of Making #Coronavirus Decisions Without Reliable Data

From STAT – Re-Blogged From WUWT

A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data

By John P.A. Ioannidis

The current coronavirus disease, Covid-19, has been called a once-in-a-century pandemic. But it may also be a once-in-a-century evidence fiasco.

At a time when everyone needs better information, from disease modelers and governments to people quarantined or just social distancing, we lack reliable evidence on how many people have been infected with SARS-CoV-2 or who continue to become infected. Better information is needed to guide decisions and actions of monumental significance and to monitor their impact.

Draconian countermeasures have been adopted in many countries. If the pandemic dissipates — either on its own or because of these measures — short-term extreme social distancing and lockdowns may be bearable. How long, though, should measures like these be continued if the pandemic churns across the globe unabated? How can policymakers tell if they are doing more good than harm?

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CNN Touts the Climate Benefits of Chinese Coronavirus

By Eric Worrall – Re-Blogged From WUWT

The climate alarmist community is repeatedly praising the alleged “benefits” of the deadly Covid-19 outbreak.

There’s an unlikely beneficiary of coronavirus: The planet

By Rebecca Wright, CNN
Updated 1005 GMT (1805 HKT) March 17, 2020

Hong Kong (CNN)Factories were shuttered and streets were cleared across China’s Hubei province as authorities ordered residents to stay home to stop the spread of the coronavirus.

It seems the lockdown had an unintended benefit — blue skies.

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To save our economy roll out antibody testing alongside the active virus testing

By Alec Rawls – Re-Blogged From WUWT

Social distancing is very costly to our society and not everyone needs to be doing it. The greater Seattle area alone is right now rapidly filling up with many thousands of people who have already gotten over the COVID-19 “Chinese coronavirus” and are thus not at significant risk either of catching this disease again or of passing it on. We just need to make it easy for people to discover their already-had-it status. Then as long as they wash their hands they should be out engaging in the public activities that keep our economy and our society going.

The nationwide rollout of drive-thru testing for active coronavirus infection is starting to identify some of the immune population. Almost all of those who test positive will within a couple of weeks be well over their symptoms and no longer able transmit the disease. But active virus testing by itself will leave the biggest part of the immune population unidentified.

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On UK Climate Policies

By Neil Lock – Re-Blogged From WUWT

“I’d expect that some probing by independent experts into the economic calculations, and the assumptions on which they are built, might bear fruit.” But where are these calculations, and who are the unbiased experts who have quality controlled them? I couldn’t find any such calculations, or the names of any such experts. Perhaps, I thought, I’d better take a look at this myself.

So, I set out to learn as much as I could about the economic calculations which – so we’re supposed to believe – justify the extreme measures proposed, all the way up to total de-carbonization of the UK economy, to avoid alleged catastrophic damage from global warming. This essay is the result of that exercise. If it reads like a cross between a layman’s guide to the economics of global warming and a political rant, that’s because it’s both!

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Pandemic Virus Impacts An Economy Already In Decline Before The Crisis

By David Haggith – Re-Blogged From Silver Phoenix

The soup lines hadn’t formed yet. Jobs had not even noticeably started to dry up, but they weren’t as easy to find anymore. You had to be angry to quit without having a better job firmly in hand. Stocks were climbing furiously above an economy that had been slowly ebbing away since summer. Sales were down for months, so revenues were down for months, and profits were down. Funding in the world’s easiest credit market — interbank repos — was extremely tight — so tight the Fed had to come to the rescue every single day for months, and the problem was only getting worse.

Such were the times before COVID-19 struck the world in 2020 like an asteroid from some far reach of the solar system crumbling the walls that already sat on cracked foundations, burying in ash a partying world that hadn’t yet figured out it was already slowly dying from its own internal decay.

New Research: Listeners Synchronize Brain Activity With Musicians

Brain Waves

According to new research by Chinese neuroscientists, something extraordinary happens during a musical performance: the brain activity of listeners appears to sync up with the brain activity of the musician playing music for them. Yes, anyone who’s ever seen an awesome concert now has confirmation: Musicians and crowds really are connecting, at a neurological level.

“These findings suggest that neural synchronization between the audience and the performer might serve as an underlying mechanism for the positive reception of musical performance,” reads a paper about the research. “This study expands our understanding of music appreciation.”

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Fed to Buy Unlimited Government Debt and Lend to Businesses

By Associated Press – Re-Blogged From Headline Wealth

In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis.

The Fed’s announcement Monday removes any dollar limits from its plans to support the flow of credit through an economy that has been ravaged by the viral outbreak. The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis.

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What Was Revolutionary About the American Revolution?

By Allen Guelzo

Everyone knows the basics of the American Revolution: thirteen North American colonies revolted against British rule and won their independence. But there’s much more to the story: the American Revolution, of all revolutions, was a game-changer for the entire world. How so? And most importantly, why? Renowned historian Allen Guelzo explains.

Please watch the VIDEO

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Diamond Princess Mysteries

By Willis Eschenbach – R4e-Blogged From WUWT

OK, here are my questions. We had a perfect petri-dish coronavirus disease (COVID-19) experiment with the cruise ship “Diamond Princess”. That’s the cruise ship that ended up in quarantine for a number of weeks after a number of people tested positive for the coronavirus. I got to wondering what the outcome of the experiment was.

So I dug around and found an analysis of the situation, with the catchy title of Estimating the infection and case fatality ratio for COVID-19 using age-adjusted data from the outbreak on the Diamond Princess cruise ship (PDF), so I could see what the outcomes were.

As you might imagine, before they knew it was a problem, the epidemic raged on the ship, with infected crew members cooking and cleaning for the guests, people all eating together, close living quarters, lots of social interaction, and a generally older population. Seems like a perfect situation for an overwhelming majority of the passengers to become infected.

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Where Will The US Stock Market Crash End?

As the carnage continues with stocks now ignoring anything the Fed throws at them — and the Fed has pretty well thrown everything it has used in the past and is now moving into bailout mode — where is the US stock market crash likely to to stop falling? So far, it’s been limit-down all the way.

Before posing “The Fed is Dead” later today, I wanted to rush this out because I can get it published quickly:

The above graph shows two reasonable targets that I would suggest.

How Exactly do they Plan to Replace Fossil Fuels?

By Paul Driessen – Re-Blogged From WUWT

They want to ban coal, oil and gas. Exactly how will they replace them? Who wins? Who loses?

Berkeley, CA, Takoma Park, MD and other cities; California, Connecticut, New York, Virginia and other states; Germany, England and other countries; the European Union – all plan to banish oil, natural gas and coal within 10, 20 or 30 years. A number of US states have joined Regional Greenhouse Gas Initiatives and proudly say We Are Still Inthe Paris climate treaty, no matter what President Trump says or does.

Forget the headlines and models, and look at hurricane, tornado, sea level and other historic records. There is no crisis, no unprecedented warming or weather events, certainly nothing that proves humans have replaced the powerful natural forces that have always driven climate changes and weather events.

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Payments Panic And The Ending Of Fiat Currencies

By Alasdair Macleod – Re-Blogged From Gold Money

The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and policy makers are approaching the task with unseemly gusto.

There was evidence that the credit cycle was already on the turn with the global economy entering its regular period of financial and economic crisis even before the coronavirus hit. Thinking it is only a matter of dealing with the pandemic before returning to normal is therefore a common and fatal mistake. The combination of current events is leading to an infinite problem: central banks, and the Fed in particular, are trying to backstop everything and they will undoubtedly fail.

The central issue is the dawning inability of the Fed, in charge of the world’s reserve currency, to keep financial markets under control. The quantities of money required to rescue the US economy and dollar-centric supply chains abroad are potentially far greater than anyone realises and will destroy not just the dollar, but the whole fiat money system of rigged financial markets upon which debt financing depends. The EU is in a similar but more parochial fix with the addition of a banking system visibly on the verge of collapse.

The timescale for the demise of unsound fiat currencies is likely to be very short, by the end of 2020 – exactly three centuries since a similar fiat currency experiment failed in John Law’s Mississippi bubble.

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“Squad” Member Proposes Minting Trillion-Dollar Coins

Re-Blogged From Headline Wealth

[As I recall, this originally was an Obama idea. –Bob]

Is America headed the way of Zimbabwe — an economically wrecked country that notoriously began issuing currency in trillion-dollar denominations?

A proposal by a U.S. Congresswoman would have the Treasury Department mint $1 trillion platinum coins.

As reported by the Washington Examiner:

Rep. Rashida Tlaib has proposed sending everyone in the United States $2,000 immediately and then $1,000 per month to counter the economic fallout of the coronavirus pandemic.

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Drive-In Movie Theaters Are Suddenly Back in Demand

By Associated Press- Re-Blogged From Headline Wealth

The drive-in theater, long a dwindling nostalgia act in a multiplex world, is experiencing a momentary return to prominence.

With nearly all of the nation’s movie theaters shuttered due to the coronavirus pandemic, some drive-in owners think they’re in a unique position to give moviegoers a chance to do something out of the house while keeping distance from others. This weekend, some drive-ins aren’t the only show in town. They’re the only show in the country.

The Showboat Drive-In Theater in Hockley, Texas, about a 30-minute drive outside Houston, normally sees ticket sales go down about 40% on a weekend when they don’t have any new movies. Last weekend, they saw a 40% increase, says the theater’s owner, Andrew Thomas. Usually open weekends, Thomas has kept screenings going through the week.

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US Responds to Oil Price Crash by Topping Off the Tank

By David Middleton – Re-Blogged From WUWT
Trump says U.S. to buy oil to fill up the Strategic Petroleum Reserve
By Myra P. Saefong

President Donald Trump announced Friday that the U.S. will buy large quantities of oil to fill the country’s Strategic Petroleum Reserve. “We’re gonna fill it up. It’s a good time to fill it up,” Trump said at a press conference, during which he declared a national emergency to access additional aid to cope with the spread of COVID-19. As of March 6, the SPR held a total of 635 million barrels of crude oil. Its current storage capacity is 713.5 million barrels.

[…]

Market Watch

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The ‘Climate Emergency’ -Running With the Crowds?

By Tony Brown – Re-Blogged From WUWT

This article about the ‘Climate emergency’ was written several weeks ago, before the Corona virus (Covid 19) really hit the headlines. Just today, President Trump banned travel from the European mainland to the U.S., the Australian Grand Prix was cancelled, Tom Hanks and his wife are in quarantine in that country and the virus has just been labelled a pandemic. Stock markets have plunged. All perhaps illustrating that we never quite know what is just around the corner, and how one panic can quickly supplant another.

The article originally written with the concerns over the ‘Climate Emergency’ in mind, has therefore taken on a different dimension, as for the first time we have some of those sceptical over the science of the ‘Climate Emergency’ accepting the science behind the consequences of the Covid 19 outbreak. Consequently, perhaps those alarmed about Covid 19 but not the climate, can, for the first time, understand the depths of concern and alarm of those who feel that a Climate Armageddon is upon us.

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Gold Mid-Tiers’ Q4’19 Fundamentals

By Adam Hamilton – Re-Blogged From Gold Eagle

The mid-tier gold miners’ stocks have been annihilated with COVID-19 fears infecting traders’ sentiment. They crashed with gold getting hammered on extreme gold-futures selling! With blood in the streets, the buy-low opportunities are phenomenal. The fundamentally-superior mid-tier gold miners have epic upside potential during gold’s next upleg. This key sector just reported outstanding Q4’19 results on higher gold.

The sheer carnage in gold-stock-land has been jaw-dropping! In late February, the gold-stock sector per its leading benchmark GDX VanEck Vectors Gold Miners ETF edged up to a 3.5-year high slightly above early September’s. That was fueled by gold’s $1600 breakout surge on COVID-19 fears. Yet as I warned in an essay the trading day before GDX’s peak, gold’s surge was peculiar and precarious lacking normal drivers.

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Dead Malls: The Steady Decline of American Shopping Centers

By Competitive Enterprise Institute- Re-Blogged From Headline Wealth

The kind of American chain stores and retail formats that dominated the second half of the 20th century have fallen on hard times in the 21st, and commentary on this influential and dislocating trend has become a cottage industry unto itself. Amid coverage in the business press on topics like “the winners and losers of the retail apocalypse” and how “1 in 3 American malls are doomed,” there is even a vibrant and, to many, inexplicable cultural fascination with retail history and dead malls.

The question of how the United States ended up with so many large, enclosed suburban shopping centers built between 1960 and 2000 is an interesting one. Naturally, trends in urban planning and government housing policy played a role. We wouldn’t have had as many suburban malls—or as many suburbs—without the interstate highway system.

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Weekly Climate and Energy News Roundup #402

The Week That Was: March 7 / 14, 2020, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: “Aqueous vapor is a blanket, more necessary to the vegetable life of England than clothing is to man. Remove for a single summer-night the aqueous vapor from the air which overspreads this country, and you would assuredly destroy every plant capable of being destroyed by a freezing temperature. The warmth of our fields and gardens would pour itself unrequited into space, and the sun would rise upon an island held fast in the iron grip of frost.” – John Tyndall (Heat: A Mode of Motion, 1861) [H/t William Happer]

Number of the Week: 15,000 parts per million (ppm) v. 400 ppm

Freeman Dyson: When mathematician, physicist, and philosopher Freeman Dyson died on February 28, the world lost an exceptionally brilliant humanist. Writing in the Quadrant, Australian Tony Thomas based his comments, in part, on an extensive interview by philosopher Arnis Rītups in the Latvian Journal Rigas Laiks. The interview gives an indication of the depth and extensive interests of Dyson. It is appropriately subtitled:

“Somehow the universe has a tendency to be as interesting as possible, more and more diverse, more and more interesting.”

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Scientists Say New Nanomaterial Could “Replace Human Tissue”

Altered Carbon

European researchers say they’ve invented a rubbery nanomaterial that seamlessly integrates with the human body — which could pave the way for everything from new reconstructive surgeries to extreme body modification.

“We were really surprised that the material turned out to be very soft, flexible and extremely elastic,” said Anand Rajasekharan, one of the researchers behind the new material, in a press release that claimed the material could “replace human tissue.”

Human Tissue

The nontoxic material, described in depth by scientists at Chalmers University in Sweden in a new paper in the journal ACS Nano, is made of the same stuff as plexiglass.

China Says This Drug Is “Clearly Effective” Against Coronavirus

By Victor Tangermann – Re-Blogged From Futurism

According to a new study, it can turn coronavirus tests negative in just four days.

According to Japanese media, Chinese medical authorities have found that an antiviral drug called “favipiravir” has shown promise in treating COVID-19 patients, The Guardian reports.

“It has a high degree of safety and is clearly effective in treatment,” Zhang Xinmin, an official at China’s science and technology ministry, told reporters on Tuesday.

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Quarantines May Backfire

The mistaken presumption that a person “catches a cold” from someone else, or a flu virus, or a coronavirus, is the basis for calling a quarantine.

The fallacy of person-to-person transmission is ingrained in the population as news reports of vacationers trapped in China during a coronavirus are flown back to the US and are found to have COVID-19 corona virus that may spread to their family members.  But COVID-19 is not spreading into the community.  Online maps showing the almost stagnant number of coronavirus-confirmed cases in each State are rapidly vanishing from view on the internet.

There is person-to-person transmission of the virus, but not necessarily person-to-person transmission of the disease.  To better explain this, we have to dig back into the annals of epidemiology (the study of disease).

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How Dead Is The Fed?

By David Haggith – Re-Blogged From Silver Phoenix

You can only be so dead, and that’s just “plain dead.” But there is also Feddy Krueger dead. The kind of dead that keeps on happening like a demonic death that won’t stay dead. It is in that nightmarish Elm St. light that I’m going to review the Federal Reserve’s death.

It’s happened via face-plant failures over past month that I’m going to lay out to show how savagely the Fed is dying a perpetual-motion death.

Let me pause to assure you, I’m not saying Feddy Krueger is down for the count and will not rise again. He always revives by inventing powers over market death never seen before. Feddy will return with extraordinary and permanent powers beyond those he once used to bring counterfeit salvation from the Great Recession. Feddy gets more empowered by scared government politicians each time the economy crashes. You can’t get rid of Feddy. At least, it seems.

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Changing Climate, Changing Minds

By David Siegel – Re-Blogged From WUWT

How do we measure success in helping people understand the climate issue? I don’t think we can measure it by unique visits to WUWT or various videos that many of us know well. But they simply attract the same audience over and over. I think the only way to measure success is by somehow measuring minds changed. This is a quick announcement of a new video I recently released, my philosophy on how to change minds, and a request from the community to help me with some data science.

My name is David Siegel. In 1991, I wrote a book explaining how the greenhouse effect worked and how we have to cut back on CO2 emissions or suffer dire consequences. Then, in about 2014, a partner at a green fund told me “the science is settled.” That prompted me to revisit the subject, and I was surprised to find that the data didn’t support the “common wisdom” that I had believed for so long. So I started reading papers, blogs, and web sites like WUWT.

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The Math Of Epidemics

By Willis Eschenbach – Re-Blogged From WUWT

Watts Up With That is about more than just the climate. It’s also about interesting things in the world. So if you’re looking for just climate, this isn’t the post for you. However, it’s an interesting peregrination through the world of the mathematics of illness.

We’ve been hearing a lot about “exponential growth” in relation to the cases, spread, and mortality of the Wuhan Virus. And to be sure, it is indeed a global health crisis, one we need to take very seriously.

The curious part is, “exponential growth” doesn’t actually describe the progress of a given disease. Exponential growth never stops—it just gets larger and larger, going up and up without end. But that’s not what happens with a disease.

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Is Now a Good Time to Buy Gold?

By Keith Weiner – Re-Blogged From Gold Eagle

We got hate mail after publishing Silver Backwardation Returns, Gold And Silver Market . It seems that someone thought backwardation means silver is a backward idea, or a bad bet. “You are a *&%#! idiot,” cursed he. “Silver is the most underpriced asset on the planet,” he offered as his sole supporting evidence. He doesn’t know that backwardation means scarcity, not that a commodity’s price is too high.

Since we wrote that on March 2 (our Reports are always based on the prior Friday’s close, in this case February 28), the price of gold and most especially silver has dropped. Silver was $16.67, and now it is $14.75. This is a drop of 11.5%. It is all the more scary when you realize that this drop occurred entirely over two days: Thursday and Friday this week.

The price action in gold was less dramatic, though its price did drop from $1,586 to $1,530, or -3.5%. Also on those same two days.

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Biofuels

By Andy May – Re-Blogged From WUWT

According to Exxon-Mobil, 9% of the world’s energy came from biofuels in 2017. They do not expect this percentage to increase by 2040, and it may go down. For the most part it is a developing world fuel. Primary biofuels include dung, wood, wood chips and pellets. Secondary, or manufactured biofuels include ethanol and biodiesel, which derive from several agricultural products, mainly corn, sugar cane, palm oil, soybeans and canola. The main advantage of using locally sourced wood and dung are their low cost and wide availability.

Using imported wood or wood chips for generating electricity, as is done in Europe, is more problematic. Due to the economic and environmental costs of farming the trees, making the wood pellets or chips and shipping them to the powerplants; wood is not a competitive fuel for most powerplants. The energy density is too low. However, if the source of the wood is within fifty miles of the plant, it can be competitive with coal and it may produce fewer greenhouse gases than coal, estimates vary. Ethanol and biodiesel are also more expensive than fossil fuels and must be subsidized to be competitive.

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Study Suggests Covid-19 Outbreak in Wuhan Has Been Controlled

Re-Blogged From WUWT

This new science paper suggests  “Considerable countermeasures have effectively controlled the Covid-19 outbreak in Wuhan”. That suggests that similar countermeasures being enacted worldwide might have an effective result.

This paper has not yet been peer-reviewed, but given the speed (or sluggishness) of that process, the authors thought they should do a pre-print first. Sometimes the web can be the harshest peer-review. – Anthony


Evolving Epidemiology and Impact of Non-pharmaceutical Interventions on the Outbreak of Coronavirus Disease 2019 in Wuhan, China

medRxiv preprint doi: https://doi.org/10.1101/2020.03.03.20030593. The copyright holder for this preprint (which was not peer-reviewed) is the author/funder, who has granted medRxiv a license to display the preprint in perpetuity.

It is made available under a CC-BY-NC-ND 4.0 International license .

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Washington Bill Would Open Up Possibility of Regressive, Harmful Cap-and-Trade Program or Carbon-Dioxide Tax

By Tim Benson – Re-Blogged From WUWT

A bill introduced in the Washington House of Representatives would give the state Department of Ecology (DOE) the authority to create either a carbon-dioxide tax or cap-and-trade system, or both, in the Evergreen State. If passed, DOE could establish each program without any sort of legislative approval.

“Department of Ecology staff could create rules that covered companies that emit as few as 25,000 metric tons of [carbon dioxide],” writes Todd Myers of the Washington Policy Center (WPC). “In Washington state, that would include food producers like El Oro Cattle Feeders in Moses Lake and Lamb Weston in Quincy. It could include timber mills like SDS Lumber in Bingen and Vaagen Brothers in Colville. It would include semiconductor manufacturers and solar panel manufacturers.”

Washington voters have signaled their opposition to a carbon-dioxide tax multiple times in the past half decade, most recently with their thorough rejection of Initiative 1631 (I-1631) in 2018.

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Heartland Institute Creating One-Page Climate Summaries Geared Toward Policymakers and Teachers

Via press release. Re-Blogged From WUWT

ARLINGTON HEIGHTS (March 12, 2020) – The Heartland Institute is excited to announce a groundbreaking new tool for policymakers, teachers, and anybody else interested in climate change. Heartland’s new ClimateAtAGlance.com website provides powerful, concise, one- or two-page summaries of the most important topics in the climate change debate.

Today’s climate debate is often fought over sound-bites and bullet points. Heartland has broken down 20 of the most frequently argued climate issues into short, “at-a-glance” summaries that provide the most important, accurate, powerful information. Bullet-points at the top of each summary provide quick, memorable information.

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Fed Slashes Rates To Zero And Introduces QE In Response To COVID-19

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

On Sunday, the Federal Reserve cut interest rates and restarted quantitative easing to stimulate economy hit by the pandemic of COVID-19. That’s already its second move prior to this Wednesday’s FOMC. What does it imply for gold?

It’s Serious, Really.

Winter is not coming. Winter is here already. The situation does not look too good. Although the epidemic seems on the way out in China and South Korea, the situation in Europe and the US is deteriorating quickly. As you can see in the charts below, the new daily cases are quickly rising, making the total number of infected people doubling each 3-4 days. And please note that the chart shows only confirmed cases – the true number of infected people is almost certainly larger, especially in the US, where shockingly low number of tests have been conducted.

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Social Changes With COVID-19 are a Prelude to Life With Less Fossil Fuels

By Ronald Stein – Re-Blogged From WUWT

While the world is feverously trying to reduce emissions from fossil fuel usage, we get hit with the horrific contagious Coronavirus COVID-19. We’ve seen extensive self-imposed social adjustments to transportation that are very similar to what will be required to live with less fossil fuels in the future.

We’ve seen a serious reduction in the usage of the transportation infrastructures of airlines and cruise ships, as well as automobiles and trucks, and their impact on the leisure and entertainment industries, all to avoid crowds.

Before fossil fuels and the thousands of products made from petroleum derivatives, and electricity that followed, the world was a zero-sum snake pit that was a war against one another scrounging for food, water, and shelter. In the 1800’s most people never traveled 100-200 miles from where they were born. Life expectancy throughout Europe hovered between 20 and 30 years of age.

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It’s Easy to be Fooled by a Climate Alarmist

By Gregory Wrightstone – Re-Blogged From WUWT

An article highly critical of my book Inconvenient Facts, a bestseller, has received wide distribution. It’s Easy to be Tricked by a Climate Denier purports to be a factual take-down of the book and, by extension, of me. However, it is really just one more example of how proponents of catastrophic man-made warming need to resort to lies and distortion in order to advance their agenda.

The author, Willard MacDonald, is not a scientist but the Vice President of Vivint Solar, a solar panel manufacturer and installer. No conflict of interest there! He does have degrees in computer science and electrical engineering, documenting an education appropriate to his line of work but not applicable whatsoever to discerning the complexities of climate or the long-term records of temperature and carbon dioxide.

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The Demise Of The Financial System Is Imminent

By Egon von Greyerz – Re-Blogged From Gold Eagle

“Next five years is not about winning but surviving.” This is the headline of an article I wrote in early August 2019. At that point I was primarily thinking of economic survival. But now the world is facing multiple threats and multiple failures. As I have already stated, the Coronavirus is not the cause of global market crashes but the catalyst.

But even if I have been totally certain that the world will see an economic collapse greater than any crisis for 100s of years, this is the worst catalyst that anyone could have expected. Yes, a global virus was always one of the potential risks but of all triggers, this one was certainly the most unwelcome and horrible.

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Energy Used vs Wealth

  By Bob Shapiro – Image from WUWT

As per capita use of energy goes up, so does wealth. Making energy cheaper means more energy can be used, which translates into a higher standard of living. To make people poorer – lowering their standard of living – you raise the cost of energy, reducing the per capita use of energy.

By forcing greater use of more costly solar, wind, and other uneconomical renewables, the US and other western governments (and the NGOs supporting the Global Warming nonsense) are spreading poverty throughout their countries.

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Three Stages Of Bull And Bear Markets

By Mark J Lundeen – Re-Blogged From Gold Eagle

What a wild week; I’m overwhelmed!  In my articles I usually find a narrative theme with which to insert my graphics in.  But this week the only theme that comes to mind is what an awful week it was – just awful.  Come to think of it, that’s actually a pretty good theme to use for a week like this.  So all hands standby for heavy rolls to both the port and starboard, as here’s the Bear’s Eye View of the Dow Jones.

Every day this week the Dow Jones saw a 2% day, a day of extreme-market volatility and almost broke below its BEV -30% line on Thursday.  It’s hard to believe, but the Dow Jones saw its last BEV Zero (all-time high) just a month ago (twenty-two NYSE trading sessions ago) on February 12th.  Since then the bottom has fallen out of the stock market as painfully evident in the BEV chart below.

Starting next week, I’m recalibrating my Dow Jones Corrections based on something more than just a 30% decline.  Thursday saw the Dow Jones’ BEV value close at -28.26%.

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The Intolerance of Tolerance

By Greg Koukl

What does it mean to be tolerant? The dictionary defines tolerance as respect for opinions, beliefs, and practices that differ from your own. But in our polarized cultural climate, it has come to mean something else entirely. Greg Koukl, president of Stand to Reason, sorts it all out.

Please watch the VIDEO

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Growth Will Be A Thing Of The Past If Businesses Choose ‘Net Zero’

By Rupert Darwall – Re4-Blogged From GWPF

Investors more obsessed with climate than investor returns, who bully corporations into adopting net-zero business strategies, are doing more than destroying shareholder value. They are destroying the capitalist growth machine.

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The Truth About Canadian Healthcare

By Alain Lambert

Why can’t America’s healthcare system be more like Canada’s? Here’s a better question: why would you want it to be? French-Canadian entrepreneur Alain Lambert has first-hand experience with both Canada’s and America’s healthcare systems, and he offers some cautionary tales. Canadian-style healthcare might not be as good for your health as you think.

Please watch the VIDEO.

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