Economy
Despite insurance gains, more people in the U.S. can’t afford doctors
Over the past two decades, the proportion of adults without insurance dropped to 14.8% from 16.9%, the study found. But during this same period, the proportion of adults unable to afford doctor visits climbed from 11.4% to 15.7%.
In study of nation’s 75 largest cities, Chicago ranks next to last in fiscal health
Based on 2018 audited financial statements, Truth in Accounting gives Chicago an “F” with a debt burden of $34.4 billion; that’s $37,100 per taxpayer. New York ranked last, with $186.7 billion, or $63,100 per taxpayer.
$1.7 trillion surge: World’s pile of negative debt jumps by the most since 2016
That means no immediate relief for markets that had started to feel the burden of negative yields lift. Last week brought the addition since mid-January to about $US1.5 trillion and the pile overall to $US12.4 trillion – the highest level in two months.
Yields on U.S. 10-year, 5-year TIPS turn negative as virus fears mount
Aside from being a tool investors can use to protect against a pick-up in inflation, yields on TIPS are a barometer of market sentiment about the economy. Similar to a declining U.S. government bond yield, a falling TIPS yield is a sign investors are worried about the prospects for economic growth
A $1.5 Trillion Wipeout and More: Virus Fallout Across Assets
A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since Jan. 20, when a slide in Hong Kong shares kicked off concerns among traders. Yet with Chinese and Hong Kong exchanges shut for an extended holiday, that’s a lowball figure.
Coronavirus is becoming more contagious, Chinese health authorities warn (Thomas S.)
The ability of the new coronavirus to spread is strengthening and infections could continue to rise, China’s National Health Commission said on Sunday, with nearly 2,000 people in China infected and 56 killed by the disease.
A handful of cases have been reported outside China, including in Thailand, Australia, the United States and France, with health authorities around the world racing to prevent a pandemic.
Global stocks slide to two-week low on China virus fears, safe havens gain (Thomas R.)
Stocks markets tumbled worldwide on Monday as investor worries about the potential economic impact of the coronavirus drove up prices of safe-haven assets such as the Japanese yen and government debt.
China’s yuan slid to a 2020 low and commodity-linked currencies such as the Australian dollar fell on mounting concern about the coronavirus. The yen was the main beneficiary, though its move higher was limited.
Tomorrow’s Rebellion Will Be Mass Entropy (thc0655)
There will be no Third Amerikan Revolution. There will be no mass civil disobedience. People will not take it to a bunch of streets where the homeless people poop with impunity. Death will come for the declining empire in a much more insidious fashion.
Negligence will kill far more than nuclear exchanges. Disunity will not explode in conflict. It will lead to an unstoppable sitzkrieg by the masses of the apathetic.
Energy
Rolls Royce Looks To Disrupt The Nuclear Industry (michael s.)
Though nuclear energy has been struggling to stay afloat in recent years, one luxury carmaker is betting big on a new innovation that could disrupt the entire industry
The nuclear energy industry has been struggling to stay afloat in countries that were once nuclear powerhouses. Japan has all but turned its back on nuclear after the Fukushima tragedy in 2011, after which they immediately shut down all of their reactors.
Environment
What’s in a Moon Name?: A Guide to Lunar Labels (Thomas R.)
Your guide to watching the moon… in all its forms.
Super blue blood moon. Blue blood wolf moon. Blood harvest supermoon. (My favorite.) The moon has been given a number of names that describe it at different phases and stages—
Gold & Silver
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The post Daily Digest – 1/29/ – Despite insurance gains, more people in the U.S. can’t afford doctors, What’s in a Moon Name?: A Guide to Lunar Labels appeared first on Peak Prosperity.
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