[The Recession was caused partly by the COVID Pandemic, partly from the lockdowns put in place in over 40 US States, and partly by the economic troubles starting before that (eg. the REPO Rate crisis). These IMF forecasts likely are too optimistic. –Bob]
The school closures, stay home orders, shuttering of businesses, banning of elective surgeries, closure of physical entertainment events, blocked flights, and sudden imposition of a central plan – it all happened suddenly from mid-March in the course of only a few days, and to enormous shock on the part of people who had previously taken their freedom and rights for granted.
Despite enormous pressure from Washington, eight states did not lock down or used a very light touch: South Dakota, North Dakota, South Carolina, Wyoming, Utah, Arkansas, Iowa, and Nebraska.
By Daniel Horowitz – Re-Blogged From Leap From America
Now that the media is fixated on fanning the flames of racial tensions, watch for them to completely drop all news about the virus. But the evidence against lockdowns continues to mount, whether the media discusses it or not.
On May 22, I publicized groundbreaking data from the CDC’s website suggesting that the bottom-line infection fatality rate of COVID-19 is just 0.26%, even assuming a likely low estimate that 35% of all infections are asymptomatic. What was viewed by the political and scientific “experts” as hearsay from right-wingers was confirmed by their own gold standard agency. Now we have corroborating evidence from a very large sample size in the state of Colorado.
By Kip Hansen — Re-Blogged From WUWT
There has been a lot of talk in the press and from talking heads claiming that the Covid lockdown has “reduced emissions” (power plants cutting back on power generations, factories closed, populations ordered to stay home, most airplanes grounded) and talk encouraging that government Covid recovery packages, should support only companies and projects “which decouple economic growth from GHG emissions”. The “Build Back Better” movement.
It is true that emissions from human sources – automobiles, factories, power plants, etc. – have been reduced by the multitude of nations that have sacrificed their economies in the [misguided] belief that doing so “saves lives”.
The silver miners’ stocks have surged higher since mid-March’s COVID-19 stock panic, clocking in some big and fast gains. Nevertheless, this long-struggling sector remains vexing. By mid-May as their latest earnings season was wrapping up, the silver stocks were lagging the gold stocks’ powerful upleg. And the silver miners’ Q1’20 operational and financial results were disappointing compared to the gold miners’.
Silver and its miners’ stocks have had one heck of a roller-coaster ride in recent months. With primary silver miners a dying breed, and silver stocks languishing deeply out of favor for years, there are only a couple silver-stock ETFs trading in the US. The leading one remains the SIL Global X Silver Miners ETF. And it is still tiny, a rounding error with just $527m in net assets in mid-May. Silver stocks are left for dead.
One hundred thousand. That’s how many small businesses have already closed for good because of the COVID-19 pandemic — and counting. Hundreds of thousands of more closures may be on the way.
Simply put, the U.S. economy is bleeding small businesses. And it’s not just small business owners who are suffering: America’s 30 million small businesses employ nearly 60 million workers — half of the private-sector workforce.
When small business employers suffer, their employees feel the pain too.
Guest “set our people free!” by David Middleton – Re-Blogged From WUWT
Shelter in place has been an EPIC FAIL…
‘Shocking’: 66% of new coronavirus patients in N.Y. stayed home: Cuomo
By DENIS SLATTERY
NEW YORK DAILY NEWS |
MAY 06, 2020
ALBANY — The majority of recently hospitalized coronavirus patients in New York are people who have followed the precaution of staying home, Gov. Cuomo said Wednesday.
The governor said it was “shocking” that 66% of new coronavirus hospitalizations are people who are either retired or unemployed and not commuting to work on a regular basis.
“This is a surprise: Overwhelmingly, the people were at home,” Cuomo said during a briefing on Long Island. “We thought maybe they were taking public transportation, and we’ve taken special precautions on public transportation, but actually no, because these people were literally at home.”
Apparently, shelter in place just “fattened” the curve. Now… let’s flatten the hell out of this curve…
By Andrew Glen, Ph.D. and James D. Agresti – Re-Blogged From WUWT
[There is a lot of good but somewhat dry material here, so I’ve skipped right to the Summary. –Bob]
One of the most important principles of epidemiology is weighing benefits and harms. A failure to do this can make virtually any medical treatment seem helpful or destructive. In the words of Ronald C. Kessler of the Harvard Medical School and healthcare economist Paul E. Greenberg, “medical interventions are appropriate only if their expected benefits clearly exceed the sum of their direct costs and their expected risks.”
Likewise, a 2020 paper about quarantines published in The Lancet states: “Separation from loved ones, the loss of freedom, uncertainty over disease status, and boredom can, on occasion, create dramatic effects. Suicide has been reported, substantial anger generated, and lawsuits brought following the imposition of quarantine in previous outbreaks. The potential benefits of mandatory mass quarantine need to be weighed carefully against the possible psychological costs.”
By Willis Eschenbach – Re-Blogged From WUWT
Around the world, both state and local governments looked at wildly exaggerated computer model projections of millions of virus deaths, declared a “State Of Emergency”, and foolishly pulled the wheels off of their own economies. This has caused pain, suffering, and loss that far exceeds anything that the virus might do.
The virus hardly affects anyone—it has killed a maximum of 0.1% of the population in the very worst-hit locations. One-tenth of one measly percent.
Ah, I hear you saying, but that’s just deaths. What about hospitalizations? Glad you asked. Hospitalizations in the worst-hit areas have been about three times that, about a third of one percent of the population. Still not even one percent.
Ep. 134 — Which Will Do More Harm: The Virus or the Lockdown?
The LA Times reports that extreme poverty may be the pandemic’s heaviest toll. But it isn’t the virus causing this suffering—it’s the lockdown. Dennis also addresses the latest new media lie about him—these leftists are determined to discredit Dennis, but they are just too easily proven wrong every time they try.
Please watch the VIDEO
One of the most important weaknesses in our way of life exposed by the response to the COVID-19 pandemic is our centralized and efficiency-obsessed food supply chain. Concerns about employee safety in our nation’s food processing facilities, combined with the shutdown of schools, hotels, and many restaurants, have distorted farmers’ incentives and resulted in shortages at grocery stores and fast-food restaurants. The solution begins with recognizing that our trade policies are contrary to our national interest and that our regulatory regime is contrary to a risk-mitigating, redundant food system.
By David Middleton – Re-Blogged From WUWT
The ChiCom-19 hostage crisis certainly makes strange bedfellows. Over the past few weeks I have been agreeing with Dallas County Commissioner John Wiley Price on the need to end the hostage crisis now. In the 35 years, Mr. Price has served as a county commissioner, I don’t think I’ve ever agreed with him before. Matt Egan, lead writer for CNN Business, actually wrote an article about the oil industry that made sense. His work is usually so awful, that it doesn’t even have ridicule value… But, like a “blind squirrel occasionally getting the nut”…
How negative oil prices could set the stage for the next price boom
By Matt Egan, CNN Business
The Week That Was: April 25, 2020
Brought to You by www.SEPP.org
Quote of the Week: “So, first of all, let me assert my firm belief that the only thing we have to fear is…fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.” – Franklin Delano Roosevelt – First Inaugural Address (March 4, 1933)
Number of the Week: 3, 4, & 5
Politics Not Science: The Competitive Enterprise Institute (CEI) published a report by Patrick Michaels and Kevin Dayaratna discussing the critical thinking, or lack thereof, that went into the 2009 EPA finding that carbon dioxide and other greenhouse gases endanger public health and welfare – the Endangerment Finding. The finding is largely based on the first and second US national climate assessments produced by what is now called the U.S. Global Change Research Program (USGCRP). According to its web site, the legal mandate of the USGCRP is:
By Kira Davis – Re-Blogged From Red State
Bill Melugin of Fox11 News in LA is reporting that his sources in the Governor’s office tell him Gavin Newsom will be sending a memo to police chiefs across the state informing them all state parks and beaches will be closed as of May 1st.
BREAKING: A source has provided me with this bulletin that will be sent out to all California police chiefs notifying them that tomorrow, Governor Newsom will announce the closure of ALL beaches and state parks effective May 1st in response to recent beach crowds in OC . @FOXLA pic.twitter.com/RG53HhmySf
— Bill Melugin (@BillFOXLA) April 30, 2020
The memo comes after Newsom raged against Newport Beach sunbathers who flocked to the beach over the weekend as the region experienced its first heatwave of the year.
Newport Beach is in Orange County, which currently has 2,252 confirmed COVID cases and 44 deaths. The population of Orange County is about 3.1 million.
At this point, this all just feels vindictive.
‘I took an oath to uphold these constitutions. My role with respect to public safety is something I take very seriously…’
(Joshua Paladino, Liberty Headlines) Citizens expressed their thankfulness to South Dakota Gov. Kristi Noem, who refused to submit to the coronavirus hysteria and shutter her state, by throwing her a parade.
Firetrucks blasted their sirens and American flags waved on trucks as the vehicles circled Noem’s residence, The Blaze reported.
Noem posted a video of the parade on Twitter.
I am so blessed to serve the people of the great State of South Dakota. You folks made my day! pic.twitter.com/oy0e5KO9RZ