Markets are too complacent about coronavirus despite sell-off Nouriel Roubini, FT
Markets’ Viral Random Walk May Get Far More Volatile John Authers, Bloomberg
The Oldest Company in Almost Every Country (That is Still in Business) Business Financing. Fittingly, the oldest company in the United States is a plantation. Well done.
Again, I apologize for #COVID-19 links all over the place, but that seems to be the story, doesn’t it?
Former CDC director: A coronavirus pandemic is inevitable. What now? CNN. The conventional wisdom has gone from “not a story” to “it’s a pandemic, there’s nothing we can do” with breath-taking speed. This after China, no matter its enormous sins of omission and commission at the start of #COVID’s spread, bought the world at least a month with its draconian quarantine provisions, at great cost to themselves. A month which “The Leader Of The Free World,” “The Indispensane Nation,” has squandered.
There it is:
Azar refuses to promise a coronavirus vaccine will be affordable for anyone:
"We would want to ensure that we work to make it affordable, but we can't control that price, because we need the private sector to invest.. Price controls won't get us there."
— Michael McAuliff (@mmcauliff) February 26, 2020
Called it, 2014: “Neo-liberalism Expressed as Simple Rules.” Rule #1: “Because markets.” Rule #2: “Go die.”
Trump names Pence to lead coronavirus response The Hill. It is true that only Pence could get the evangelical mega-churches to shut down (thinking of South Korea, here).
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The best defense against coronavirus CNN. Not, apparently, our world-class health care system. Thread:
Must read. This is INSANE.
“Since the patient did not fit the existing CDC criteria for COVID-19, a test was not immediately administered.” pic.twitter.com/OFnOoUfnyU
— Ben Hunt (@EpsilonTheory) February 27, 2020
The tips in the CNN article are helpful, but the consumerist subtext is the same as with Hurricane Katrina, Hurricane Sandy, and Hurricane Maria, plus every other “natural” disaster: You’re on your own.
What Coronavirus Emergency Measures Could U.S. Communities Take? Scientific American
Is Your Soul Patch Putting You at Risk During the Coronavirus Outbreak? Vice (Re Silc). With handy CDC chart.
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Coronavirus: the new disease Covid-19 explained SCMP. This is a good example of a graphics-heavy story. Worth the scrolling (or, alternatively, swiping).
They Were Infected With the Coronavirus. They Never Showed Signs. NYT. I hate to be a naysayer on this, but proving an absence is never easy, and we don’t know enough to test for symptoms. In any case, one’s procedures for handwashing, etc., aren’t changed by this information, zombie apocalypse or no.
The Coronavirus Could Finally Kill the Wild Animal Trade Foreign Policy
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Life’s little ironies:
World Bank's Fragility Forum in DC (which we'd been preparing for) has been cancelled due to COVID-19. That's clearly not a decision that was taken lightly as it's a 2,000+ person event, with many folks in town already.
Gotta expect more cancellations like this in coming weeks. pic.twitter.com/aOzsM0jNDH
— Matt (@Vanalli) February 27, 2020
Go long social distancing.
Five more Chinese regions lower emergency response level as COVID-19 threat recedes Channel News Asia. If you believe the Chinese statistics. And if you believe #COVID-19 won’t rocket round the world and hit China again.
China Has More Billionaires Than U.S. And India Combined: Hurun Report Caixin Global. See, there’s your problem.
Terminal Diagnosis The Baffler. Not sure how “protest” works during a pandemic.
Big Protestant churches have no plan to cancel services despite outbreak Yon Hap News Agency. In a quick search, I can’t find an order of service for the Yoido Full Gospel Church, but if their liturgy includes what the Episcopalians call “The Peace,” which often includes hand-shakes, embraces, or a kiss on the cheek, masks definitely won’t help the parishioners. This is madness.
Why Should Putin Help Trump? Russian International Affairs Council
Black America, Endless War and the Evil Genius of Russiagate Black Agenda Report
Julia Ioffe: The Weaponized Immigrant Journalist Yasha Levine
Covid-19 Will Mark the End of Affluence Politics Matt Stoller, Wired. Good stuff:
“[T]he coronavirus is going to introduce economic conditions with which few people in modern America are familiar: the prospect of shortages. After 25 years of offshoring and consolidation, we now rely on overseas production for just about everything. Now in the wake of the coronavirus, China has shut down much of its production; South Korea and Italy will shut down as well. Once the final imports from these countries have worked their way through the supply chains and hit our shores, it could be a while before we get more. This coronavirus will reveal, in other words, a crisis of production—and one that’s coming just in time for a presidential election.”
Thank you, globalizing neoliberals of both parties, for this predictable and predicted outcome. (I believe there more than an echo of The Bearded One in “production crisis,” but I also believe that by the allied concept “overproduction crisis” is meant the over-production of capital, not of goods; that’s why there’s so much stupid money sloshing about. It would be a savage historical irony if, as seems to be about to be the case, we had, simultaneously, so much excess capital we don’t know where to invest it, while at the same time a shortage of basic necessities due to supply chain collapse (and, underlying that, the neoliberal policy of gutting the manufacturing sector and shipping it to a country with a public health system too fragile to bear the burden.) Sorry for the potted Marxism, do correct.
Heaven Protect Us From Men Who Live the Illusion of Danger: Pete Buttigieg and the US Military Counterpunch. A deep dive into Buttigieg’s military service, especially the records. Well worth a read.
Separation Anxiety? Biden Walks Back From His Claim That He Was Arrested In Seeking Visit With Nelson Mandela Jonathan Turley. Didn’t affect Clyburn’s endorsement, though.
Big Brother Is Watching You
Your Man in the Public Gallery – Assange Hearing Day 2 Craig Murray (day 1, linked two days ago).
Assange’s ongoing trial Gwynne Dyer, Korea Times. Dyer is a syndicated columnist, but so far as I can find as of this writing, this column, oddly, is not being picked up in Europe or the Five Eyes.
Assange lawyers’ chambers’ connection to conman Wm Browder causes concern The Komisar Scoop (LK).
Expat bankers head for exits to flee coronavirus FT. Because of course they do.
Flux: Wealth in the United States The Big Picture (Re Silc).
Theres an am*zon warehouse in my city. 4000 + workers. Many of my friends work there and had a stomach bug after thanksgiving. Sups didnt care and just put trash cans on the sorting line for them. Its gonna be a problem
— babu frik stan account (@lilkumquatt) February 27, 2020
Connectedness to Nature: Its Impact on Sustainable Behaviors and Happiness in Children Frontiers in Psychology. Plus, the open air is safer than closed quarters. The Victorians were right: Leave your windows open at night for that good fresh air!
Antidote du jour (LLP):
Leveling up my cat game:
"Cat defends house from bear like she's a lion.." 🦁
— Kevin W. (@Brink_Thinker) February 25, 2020
See yesterday’s Links and Antidote du Jour here.