Economy
AP: Publicly traded firms get $300M in small-business loans (tmn)
The eight firms getting maximum loans are likely just a tip of the iceberg: Statistics released last week by the U.S. Small Business Administration showed that 4,400 of the approved loans exceeded $5 million. Overall, the size of the typical loan nationally was $206,000, according to the statistics. SBA will forgive the loans if companies meet certain benchmarks, such as keeping employees on payroll for eight weeks.
Trump, who is running for reelection on his immigration record and his effort to build a wall on the Mexico border, has long been frustrated with the limits on his ability to seal off the United States by decree. An executive order suspending all immigration to the country would take the president’s impulses to an untested extreme.
Health workers face anti-lockdown protesters in dramatic photos (Sparky1)
Hundreds of people gathered at the state Capitol in Denver on Sunday, waving flags and protest signs and lines of cars and trucks drove around honking their horns. CNN affiliate KCNC reported there were two separate protests at the Capitol.
Photos and video from the protest showed a small number of workers dressed in scrubs and protective masks standing in a crosswalk blocking the vehicles as a counterprotest.
‘It’s going to backfire’: Fauci says anti-quarantine protesters could prolong shutdown (Sparky1)
“I think, you know, that the message is that, clearly, this is something that is hurting from the standpoint of economics, from the standpoint of things that have nothing to do with the virus,” Fauci said. “But unless we get the virus under control, the real recovery, economically, is not gonna happen.”
The Post said Assistant Secretary for Health Brett Giroir, an unofficial member of the White House’s coronavirus task force who worked on vaccine projects at the university for eight years, “was told in 2015 he had 30 minutes to resign or he would be fired” from his post at the school.
Citing a local newspaper that reported on Giroir’s annual evaluation, the Post said Giroir received a performance evaluation that “said he was ‘more interested in promoting yourself’ than the health science center where he worked. He got low marks on being a ‘team player.'”
Provisional Death Counts for Coronavirus Disease (COVID-19) (monkey-vi-rus)
The provisional data presented on this page include the weekly provisional count of deaths in the United States due to COVID-19, deaths from all causes and percent of expected deaths (i.e., number of deaths received over number of deaths expected based on data from previous years), pneumonia deaths (excluding pneumonia deaths involving influenza), pneumonia deaths involving COVID-19, and influenza deaths; (a) by week ending date, (b) by age at death, (c) by sex, (d) by place of death, and (e) by specific jurisdictions. Future updates to this release may include additional detail such as demographic characteristics, additional causes of death (e.g., acute respiratory distress syndrome or other comorbidities), or estimates based on models that account for reporting delays to generate more accurate predicted provisional counts.
From Bats To Pigs To Man: The Story Of NIPAH Virus (Bat Mann)
Speculation of a new mystery illness was rife. Many others and I were caught in the middle of an outbreak of a new and deadly disease whose mode of transmission was unknown. Answers were feverishly sought while infection control and quarantine issues were tackled. Parallel events were unfolding in neighboring Malaysia, which culminated in the discovery of a new virus.
The Making Of A Youtube Radical (tmn)
The radicalization of young men is driven by a complex stew of emotional, economic and political elements, many having nothing to do with social media. But critics and independent researchers say YouTube has inadvertently created a dangerous on-ramp to extremism by combining two things: a business model that rewards provocative videos with exposure and advertising dollars, and an algorithm that guides users down personalized paths meant to keep them glued to their screens.
NYPD seizes drone documenting mass Hart Island burials amid coronavirus (thc0655)
A frustrated Steinmetz posted to his Instagram: “For over 150 years this island with no public access has been used to bury over a million souls who’s bodies were not claimed for private burial. With the morgues of NYC strained, the pace of burials on Hart Island has increased dramatically. I was cited by NYPD while taking this photo, and my drone was confiscated as evidence, for a court date tentatively scheduled for mid-August.”
Burning Down The House (thc0655)
The death rate from this nasty virus is only marginally higher than the yearly flu. But the fear mongering has served the purposes of bankers, politicians, and corporate CEOs. The real catastrophe has been set in motion by the actions of the ruling class. Wall Street, once again, has used this contrived crisis to pillage and screw over Main Street.
Ted Chiang Explains the Disaster Novel We All Suddenly Live In (tmn)
A lot of dystopian stories posit variations on a Mad Max world where marauders roam the wasteland. That’s a kind of change no one wants to see. I think those qualify as doom. What I mean by disruption is not the end of civilization, but the end of a particular way of life. Aristocrats might have thought the world was ending when feudalism was abolished during the French Revolution, but the world didn’t end; the world changed. (The critic John Clute has said that the French Revolution was one of the things that gave rise to science fiction.)
Oil Prices Hit $1 Following A 90% Crash (Michael S.)
It is unclear at this point just how low oil prices will fall or whether there is any intervention large enough to turn this around in the short term. Nymex CME will now allow traders to negatively price for May futures. The mid- to long-term impact on oil prices is likely to be equally catastrophic, with bankruptcies and financial ruin setting markets up for a supply shortage and dramatic price spike.
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The post Daily Digest 4/21 – Trump Will Issue Order Suspending Immigration During Crisis, Oil Prices Hit $1 Following 90% Crash appeared first on Peak Prosperity.
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