By Lambert Strether of Corrente.
At reader request, I’ve added this daily chart:
The data is the John Hopkins CSSE data. Here is the site. I have changed to a logarithmic scale for US States and territories, adjusted for population.
See Vice, “How to Read the Coronavirus Graphs“:
Quantities that grow exponentially, when depicted on a linear scale, look like curves that bend sharply upward, with the curve getting constantly steeper. On a log scale, exponentially growing values can be depicted with straight diagonal lines.
That’s the beauty of plotting things on log scales. Plots are meant to make things easy to understand, and we humans are much more adept at understanding linear, straight-line behavior. Log plots enable us to grasp exponential behavior by transferring the complexity of constantly steepening curves into the simplicity of an exponentially increasing scale.
On a log scale, we want to constantly be making the line more and more horizontal. The general concept of “flattening” is still a good one, but it’s never going to curve down. And so what we should be looking, and hoping for is a trend toward horizontal.
“The supposed rush to reshore global supply chains may end up going nowhere. Those expecting large-scale deglobalization and the return of domestic production for many goods might be disappointed, the WSJ’s Mike Bird writes, with reports suggesting that global sourcing remained in full force heading into this year even as the U.S.-China trade war flared. A.T. Kearney said U.S. imports from China fell sharply last year, but imports from other Asian nations rose at the same time. There have been some coronavirus-induced supply-chain shifts as countries have sought to step up production of protective equipment. Japanese consumer-products manufacturer Iris Ohyama says it will take government subsidies to expand the production of masks domestically. That will augment the company’s existing production in China. Without big subsidies or even more punitive trade restrictions, the seemingly fragile spider’s web of global commerce may remain surprisingly resilient.”
“But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51
“They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune
“They had learned nothing, and forgotten nothing.” –Charles Maurice de Talleyrand-Périgord
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March 27: “Political prophet Allan Lichtman: Trump is more likely to lose because of coronavirus” [Salon]. “Allan Lichtman, a political historian at American University whose book “The Keys to the White House” has helped him correctly predict the last nine presidential elections, told Salon last week the coronavirus pandemic may spell defeat for President Trump in the 2020 election…. Lichtman’s system is based on 13 “keys,” a series of true-or-false statements that anticipate whether the incumbent party’s presidential candidate will be elected in a given year. If six or more of the statements are false, the incumbent candidate will lose; if fewer than six are false, he or she will win.” • So far so good. But:
“There were four keys solidly locked in against the president” prior to the outbreak, Lichtman explained. “It takes six to predict defeat. But this was before [the pandemic]. Key 1: Party mandate. Key 9: Scandal. Key 11: Foreign/military success. Key 12: incumbent charisma. That’s four false keys locked in.”… “The current crisis, which is biological, governmental and societal, puts into jeopardy two additional keys,” Lichtman explained. Those would be “Key 5, the short-term economy — many economists are predicting that we’re going to slide into a recession, or may already be in a recession — and Key 8, the social unrest key. And it makes Key 10, foreign policy or military failure, even more shaky than before.” Lichtman earlier suggested that relations with North Korea and the unstable situation in the Middle East could endanger Key 10 for Trump. If any two of those three keys turn against Trump, he is a predicted failure,” Lichtman said. “If zero or one turn against him, he is a predicted winner. I obviously haven’t made a final call yet, since we don’t know how this crisis will ultimately be resolved or not resolved in the upcoming months.”
True on Key 5. Key 8 is yet to come (and I would imagine it matters where the “unrest” comes from).
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UPDATE Biden (D)(1): “Stacey Abrams signals ‘concern’ if Biden’s VP pick isn’t a woman of color” [Politico]. “In an interview on ABC’s “The View,” host Sunny Hostin asked Abrams, the former Georgia Democratic gubernatorial nominee, if Biden not picking a woman of color would amount to ‘a slap in the face’ to black voters who made up the backbone of his primary support and were critical to his come-from-behind victory in the primary. Abrams, who is black, initially sidestepped that charge, telling Hostin that ‘I think Vice President Biden is going to make a smart choice, and I appreciate the fact that he has lifted up women as being a necessary partner in this.’ Still, she continued, ‘I would share your concern about not picking a woman of color because women of color — particularly black women — are the strongest part of the Democratic Party, the most loyal, but that loyalty isn’t simply how we vote. It’s how we work, and if we want to signal that that work will continue, that we’re going to reach not just to certain segments of our community, but to the entire country, then we need a ticket that reflects the diversity of America.” • Sure, but will that appeal to suburban Republicans?
UPDATE Biden (D)(2): A different theory of change:
Spoke to an elected official in Florida. He’s a partner/surrogate for Joe Biden.
I asked him what he knew about volunteer efforts for phone banking or peer to peer texting.
He admitted they basically don’t exist. Said the campaign “never really had many volunteers.”
— Shaun King (@shaunking) April 23, 2020
UPDATE Biden (D)(3): “Bernie Sanders’s Most Vocal Supporter Lets Loose” (interview) [Briahna Joy Gray, The Atlantic]. Grey: “I’ll be voting for Bernie Sanders in the primary, and I encourage everybody to do so, because that’s where leverage lies. My vote in the fall is contingent on whether Joe Biden supports Medicare for All, canceling student-loan debt, canceling medical debt, having a wealth tax. The message isn’t that I’m never going to vote for Biden. The message is that Biden should do what the majority of Americans want him to do.”
UPDATE Biden (D)(4): “Biden campaign’s selection of preferred super PAC stokes strife in Democratic Party” [WaPo]. “Joe Biden’s campaign signaled to donors this week that Priorities USA would be its main big-money partner for the general election — a move that has alarmed some of Biden’s ardent backers, who fear the campaign has given outsize influence to a super PAC that many donors associate with the party’s loss in 2016…. But some prominent Biden supporters said the decision had alienated outside groups that had formed since 2016 and helped turn out voters for Democratic wins in subsequent elections. One of those groups is Unite the Country, which boosted Biden through the primaries… Among top Democrats pushing the campaign to accept help from a broader constellation of groups is Rep. James E. Clyburn (D-S.C.), an influential figure whose endorsement was pivotal to Biden’s momentum toward the nomination…. Clyburn is a prominent advocate of Unite the Country, and his daughter is on the group’s board.” • Ka-ching.
During this public health emergency and horrific pandemic, the Postal Service is needed now more than ever. Join our virtual town hall with the leaders of the country’s major postal unions on how we must act to save the postal system: https://t.co/Gn8pyLJH8h
— Bernie Sanders (@BernieSanders) April 21, 2020
It’s going to be hard to do Vote By Mail if we don’t have a Post Office.
Sanders (D)(2): The New York State Board of Election’s decision on whether to remove Sanders from the ballot was to be yesterday, has been postponed ’til Monday:
Update: Andrew Spano, the other Democrat on the state board of elections, tells me he's undecided and sees both sides of the issue. pic.twitter.com/wfs8X0RM6i
— Daniel Marans (@danielmarans) April 21, 2020
Trump (R)(1): “Harvard to reject $8.7m in federal aid after Trump cites school’s endowment” [Guardian]. “It followed similar actions at Stanford and Princeton universities, which said they, too, will reject millions of dollars in federal funding amid growing scrutiny of wealthy colleges….. But Trump said on Tuesday that Harvard “shouldn’t be taking” its share because it has such deep financial reserves. It echoed concerns from other critics, including some alumni, who said Harvard doesn’t need the money and can rely on its nearly $40bn endowment.” • That should work on the trail.
Trump (R)(2): “Labor Markets in Key Election States Are Among Worst in U.S.” [Bloomberg]. “Labor markets in key presidential battleground states are among the hardest hit by the virus-induced economic crisis, according to an index of state activity released Wednesday…. Workers in Pennsylvania, Arizona, Florida and Michigan were among the most affected in March. But Wisconsin, another critical state for Trump’s re-election bid, is an exception. Economic activity there saw a slight increase… Other states with big declines — including Colorado, Michigan, Ohio and Virginia — have seen large-scale protests demanding that governors reopen schools and businesses. Trump has backed those protests in states with Democratic governors.” • I suppose it depends on whether Trump takes fire from Democrat blame cannons. We’re lucky Trump calls it “the Wuhan Virus,” instead of “the Manhattan Virus.” Eh?
Trump (R)(3): “Coronavirus is invading Red America, new data show. That’s ominous for Trump.” [Greg Sargent, WaPo]. “A new analysis from demographer William Frey finds that coronavirus is now spreading into whiter and more Republican-leaning areas of the country. Despite initially being concentrated in blue and urban areas, it has slowly extended into new parts of the Midwest and the south, into outer suburbs and small metropolitan areas, and into parts of the country carried by Trump. ‘Coronavirus is becoming more evident in Red America than it was a few weeks ago,’ Frey, a senior fellow at the Brookings Institution, told me in an interview…. Frey noted that some of these new-covid counties are concentrated in places that could matter in the 2020 races, such as the Detroit suburbs, northern Michigan, central Florida and rural Georgia. Others include counties in Colorado and Nevada… The organizers of the anti-lockdown protests have worked to create the impression of a groundswell of populist rage at elites shutting down the economy in parts of the country far less impacted by the virus, to protect heavily impacted areas…. At times these political-geographic fault lines have been made explicit. … Trump himself crudely nodded to this when he mused about quarantining off East Coast blue states, as if to protect virtuous Red America — often described as “Real America” by his propagandists [rich, from WaPo] — from infestation by an export from diseased Blue America.” • Oddly, Sargent frames this as a discussion of “re-opening the economy,” not the election. When this becomes an election issue, I would think the “crudity” would only increase. Maybe Trump will ask Biden to draw an airplane, instead of a clock.
Realignment and Legitimacy
UPDATE “Dems Give Unanimous Consent To Trump” [David Sirota, Too Much Information]. “Why do Democrats want to win Congress if they don’t want to use power? What is the entire point of Democrats raising money and ginning up activist energy to win control of the U.S. House, if when a crisis hits they just pass whatever Mitch McConnell sends them? Is there anything they’ll actually negotiate for? And why won’t they flip the script and force McConnell to vote yes or no on their own agenda?… Until there are new leaders — or until there is real pressure from the left — the Democratic Party seems intent on being a rubber stamp.” • And as Stoller, correctly, points out, that unanimity includes both Sanders and AOC (albeit as part of a voice vote that can’t be disaggregated).
“Jeffrey Sachs on the Catastrophic American Response to the Coronavirus” [Jeffrey Sachs, The New Yorker]. On the one hand:
Nobody here has viewed government as actually very functional for a long time, and not because it couldn’t be. It has been increasingly designed to fail. Specifically, it’s been designed to respond to powerful lobbies that want deregulation or tax cuts or some special privileges rather than to function in a normal way. And powerful people shrug their shoulders at that, because for the élites that’s been O.K., but it obviously hasn’t really been O.K. for a long time. We’ve had rising death rates. We’ve had the deaths of despair. We’ve had the failure to come to grips with climate change. We’ve had widening inequalities and massive suffering. But it hasn’t mattered in such a visible way.
And on the other:
The United States is completely failing at the federal level to control this epidemic. It’s a tragedy. We’re losing tens of thousands of lives unnecessarily because of the shambolic failure of Trump and his team to mobilize the vast resources of our country, both human and material. At the same time, there are poor countries that are doing much, much better at controlling the epidemic. Take a country like Vietnam, which is a low-income country in East Asia, and close to China, but for a variety of reasons they acted very quickly to stop the transmission of the virus, to a much greater extent than we did. They also don’t have the means for mass testing and so on. At least to date, they have been able to keep the epidemic more under control through public-health means, which is identifying potentially sick people, helping them to isolate, tracing their contacts, helping those people to isolate, and so on.
The question nobody is asking: Does the United States have the operational capability to mobilize, no matter the party in charge? I know that for some this may verge on nihilism, but the alternative to Trump is not a heroic team from America’s past of the New Deal, World War II, or the Apollo program, but whatever team the Democrat Party would put in place. Is “leadership” that will chivvy or wrangle a corrupt and sclerotic system into an acceptable response really the answer — unless the leader be a Robespierre, a Lenin, or even an FDR, clearly not on offer? Anywhere other than the Business Section if airport bookstores? What would the Democrat team that replaced Trump’s team look like? Would Donna Shalala be on it? How about the team that ran Clinton’s campaign? Or the team that launched the ObamaCare marketplace website without testing it? Or the team that ran HAMP? Or the team that ran Obama’s pathetically inadequate response to the Crash, which lost them the Senate and paved the way for Trump? And if such a team existed, would it not have already come together to pose a coherent alternative? And I don’t mean Op-Eds (ka-ching) or NGO white papers (ka-ching) or campaign statements (ka-ching), I mean an actual team of qualified individuals presenting an alternative plan and a timeline, with the full weight of the Democrat Party behind it. So we’re not a Parliamentary system and we don’t have a shadow government as the Brits do. Sue me.
At reader request, I added some business stats back in. Please give Econintersect click-throughs; they’re a good, old-school blog that covers more than stats. If anybody knows of other aggregators, please contact me at the email address below.
Employment Situation: “18 April 2020 Initial Unemployment Claims 4,427,000 This Week” [Econintersect]. “[E]xpectations for weekly initial unemployment claims (from Econoday) were 3000 K to 4545 K (consensus 4,000 K), and the Department of Labor reported 4,427,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 5,506,500 (reported last week as 5,508,500) to 5,786,500… The pandemic has so far caused a 26,453,000 job loss. Claim levels before the coronavirus pandemic were at 40-year lows.” • That seems like rather a lot.
Employment Situation: “Millions of workers who applied for jobless benefits due to coronavirus still not getting money” [MarketWatch]. “In the seven days ended April 11, the number of people who filed initial jobless claims since the viral outbreak shut down large parts of the economy soared by 20 million in raw or actual numbers though seasonally adjusted figures are several million higher still. Of those new applications, about 14 million have been approved for benefits based on data from the U.S. Labor Department known as continuing claims. They are reported one-week behind the latest government estimate of new jobless claims…. It will probably take another month or so to determine just how many people have actually been rejected for benefits once the torrent of new claims recedes. Many states have fallen behind in processing the rush of new claims as they grapple with outdated computer systems and new eligibility standards….. ‘State unemployment offices are not set up to handle this sort of volume of claims coming through all at once, especially after a multi-year period where claims were at their lowest levels in decades,’ said Thomas Simons, money market economist at Jefferies.”
Employment Situation: “GOP Governors Will Push Workers off Unemployment by Reopening Early” [Vice]. “Republican governors in states like Georgia, Tennessee, and South Carolina have announced plans to begin reopening their states’ economies despite warnings by health officials that it’s too early to do so. The decisions mean that businesses may soon start calling people back into work before they feel safe, creating a coronavirus-specific dilemma: If people in those states are offered their jobs back, but refuse to take them out of fear for their safety, they will likely no longer qualify for unemployment benefits—even though they’re taking the same precautions as people one state over.” • Nice!
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Commodities: “[Kimberly-Clark] is overhauling its massive toilet-paper operations to meet the soaring demand fueled by the coronavirus pandemic… in a move aimed at the highest-profile item consumers have been stockpiling under the increasingly testy lockdown restrictions” [Wall Street Journal]. “The move to get more bathroom tissue to homes is part of the broader and often difficult shift in supply chains to meet the market upheaval. Toilet paper is one of the many consumer products moving in two separate channels, with production aimed at businesses distinct from goods marketed in stores. Kimberly-Clark says it is now retooling its manufacturing to make more consumer-quality products, including sourcing higher-grade pulp.”
The Bezzle: “Is this the end of Airbnb?” [Wired UK]. “Hosts are calling it the Airbnb apocalypse. But it’s more akin to an enema. Airbnb maintains that it’s ‘powered by local hosts’, but the reality is quite different. Yes, there are many hosts on Airbnb who live in the properties they list on the platform. But, in many markets, including the entire of the United States, the number of ‘professional’ hosts seemingly outnumbers those listing on Airbnb to earn a bit of extra cash from their cosy spare room. According GlobalData, an analytics firm, Airbnb could lose a ‘significant portion’ of its host community as a result of the pandemic. These ‘professional’ hosts, the scourge of local residents and housing officials, could soon be flushed out of Airbnb in their thousands.” • What a shame it would be if a regulatory arbitrage play didn’t work.
The Bezzle: “Airbnb Is Banking on a Post-Pandemic Travel Boom” [Bloomberg]. “When guests demanded to be let out of their reservations, [Airbnb Chief Executive Officer Brian Chesky] hesitated but eventually complied, ordering hosts to distribute refunds. That placated guests, but it enraged hosts, who complained the new policy would cause them to default on their mortgages. Chesky responded by creating a $250 million fund to help reimburse them. Not all hosts were satisfied by the gesture, which gives them a small fraction of what they would have originally made and does nothing to address the underlying issue: how the company will find customers willing to stay in other people’s homes after all this.” • After #COVID19, why would anybody want to say in lodgings that weren’t professionally cleaned?
Tech: “Apple Aims to Sell Macs With Its Own Chips Starting in 2021” [Bloomberg]. “Despite a unified chip design, Macs will still run the macOS operating system, rather than the iOS software of the iPhone and iPad.” • Thank God. iOS isn’t suitable for a productivity tool. More: “Apple is exploring tools that will ensure apps developed for older Intel-based Macs still work on the new machines.” • Oh, good.
Supply chain: “Efforts to ramp up coronavirus testing programs in various states are running up against a thicket of parts shortages across medical supply chains. The private sector hasn’t been able to deliver nearly enough tests to meet the huge demand in the U.S…. more than six weeks after the Food and Drug Administration allowed private companies to manufacture test kits and use them without needing approval” [Wall Street Journal]. “Experts say the problems are partly because of the lack of central direction, leaving officials in states to sort out procurement and distribution while individual labs are vying for supplies in a fractured and exhausted marketplace. One marquee effort involving Abbott Laboratories quickly ran into the supply-chain issues that have plagued the testing buildup, with state officials saying they couldn’t easily obtain enough of Abbott’s single-use cartridges to actually test patients.” • I have seen
Today’s Fear & Greed Index: 40 Fear (previous close: 41 Fear) [CNN]. One week ago: 42 (Fear). (0 is Extreme Fear; 100 is Extreme Greed). Last updated Apr 23 at 2:59pm.
“USGS releases first-ever comprehensive geologic map of the Moon” [Phys.org]. “The lunar map, called the “Unified Geologic Map of the Moon,” will serve as the definitive blueprint of the moon’s surface geology for future human missions and will be invaluable for the international scientific community, educators and the public-at-large. The digital map is available online now and shows the moon’s geology in incredible detail (1:5,000,000 scale).” • Here it is:
“Hydroxychloroquine sparks renewed controversy but clinical trials are pushing ahead” [MarlketWatch]. I hate this whole controversy, partly because a potential treatment is now subject to our tribal politics, and partly because feeding The World’s Greatest Troll™ is good only for generating clicks. For what it’s worth, here is what Trump actually said:
“I hope it works,” Trump said April 8 during a news conference. Five days later, he said, “just recently a friend of mine told me he got better because of the use of that drug. So, who knows? depending on your doctor’s recommendation, and he’s having some very good results. I’ll tell you, I think if anybody recommended it other than me, it would be used all over the place…a lot of good things are happening with it, a lot of good tests.”
Trump’s incorrigible puffery and its subsequent profitable amplification aside, any studies that don’t use that protocol (i.e., don’t combine hydroxychloroquine with Z-Pak and zinc) aren’t on point. (Trump even caveats “doctor’s recommendation” so all the “ZOMG!!!!! Dosage!!!! hysteria is off point, too). That said:
[A] number of clinical trials are under way in the U.S. to evaluate the drug’s safety and efficacy in COVID-19 patients, including a randomized, double-blind, placebo-controlled study announced this week by Novartis NVS, +0.35%, one of the world’s largest drugmakers…. In total, there are more than 100 trials under way worldwide evaluating chloroquine or hydroxychloroquine in COVID-19 patients or to prevent COVID-19 infections, according to ClinicalTrials.gov, including at least one sponsored by the National Institute of Allergy and Infectious Diseases.
Needless to say, we should all be praying (or rooting for) for the success of these trials, even if Orange Man Bad, not least because hydroxychloroquine is cheap and off-patent ffs.
“A mysterious blood-clotting complication is killing coronavirus patients” [CNN]. “A Dutch study published April 10 in the journal Thrombosis Research provided more evidence the issue is widespread, finding that among 184 COVID-19 patients in an intensive care unit, 38% had blood that clotted abnormally. The researchers called it “a conservative estimation” because many of the patients were still hospitalized and at risk of further complications…. While acute respiratory distress syndrome, or ARDS, still appears to be the leading cause of death in COVID-19 patients, blood complications are not far behind, said Behnood Bikdeli, a fourth-year-fellow at Columbia University Irving Medical Center, who helped anchor a paper about the blood clots in the Journal of The American College of Cardiology.” • CNN seems to be pushing this blood clotting issue, for what that’s worth. So I put this out there, and will await the clinical research….
“Covid-19 causes sudden strokes in young adults, doctors say” [CNN]. “Dr. Thomas Oxley, a neurosurgeon at Mount Sinai Health System in New York, and colleagues gave details of five people they treated. All were under the age of 50, and all had either mild symptoms of Covid-19 infection or no symptoms at all. ‘The virus seems to be causing increased clotting in the large arteries, leading to severe stroke,” Oxley told CNN. ‘Our report shows a seven-fold increase in incidence of sudden stroke in young patients during the past two weeks. Most of these patients have no past medical history and were at home with either mild symptoms (or in two cases, no symptoms) of Covid,’ he added. ‘All tested positive. Two of them delayed calling an ambulance.’ Other doctors have also reported that people are reluctant to call 911 or go to emergency rooms because of the pandemic. It is not common for people so young to have strokes, especially strokes in the large vessels in the brain.” • They’re reluctant to call the ambulance because they don’t have any, and they’re reluctant to go to the ER because they don’t want to be slapped with an enormous surprise bill for out-of-network services.
“$1 Billion Video-Game Coaching Business Ramps Up During Lockdown” [Bloomberg]. “Video-game competitors in search of a tuneup need not worry. There is no shortage of coaches standing by online ready to tweak their virtual shooting form. Between December and March, as a growing number of businesses and schools shut down across the country, the amount of time people spent playing popular shooter games nearly doubled, according to researcher Newzoo. Now, with gameplay on the rise, so too are the billable hours of video-game gurus. Fiverr.com, an online marketplace, saw a 43% jump in the number of video-game coaching sessions booked between January and March. According to the company, instruction geared towards Fortnite and Rainbow Six Siege was especially popular.” • Not my world, but if any of you out there aspire to be a games coach, now is the time!
“Tales From The Dork Web #7” [The Dork Web]. “A whole subculture of computer Role Playing Games is out there on The Dork Web. These games don’t need high end graphics cards. In fact the graphics are often downright crude. What they lose in graphics they make up for in gameplay and depth. For those who’ve never tried Roguelike games I’ll show you where to start. If like me, you’ve played a few, there’s a few games here you might want to try…. The term ‘Roguelike’ is used as a catchall term for games that share aspects with an RPG game called Rogue. You might think that the game Rogue was the first Roguelike. This isn’t strictly true. The name stuck during Usenet discussions on games like NetHack, Rogue, and Angband. The definition of roguelike was officially set at a 2008 Conference in Berlin. Of course not everyone agrees. The Rogue Temple discusses the term’s history in depth.” • Excellent subhead: “Where we’re going, we don’t need GPUs.” America! F*** Yeah!
“People Are Finally Starting to See the Real Ellen DeGeneres and It Isn’t Pretty” [Daily Beast]. “And in a timely moment of worker outcry, the latest DeGeneres PR crash has come from her very own crew, who have been replaced by a non-union outfit that is running tech for DeGeneres’ at-home broadcast. Crew members spoke anonymously to Variety about the poor communication and shady side-dealing they’ve experienced as Ellen has shifted from studio broadcast to a more intimate lockdown-friendly format. Even though the unionized Ellen crew has the chops to transition to the at-home broadcasts, DeGeneres’ team made the decision to hire from outside, and are even planning to cut pay by 60 percent for the regular crew, who have already experienced reduced hours.” • But wait. I thought DeGeneres was part of the #Resistance?
“My Husband and I Want to Have Another Baby. The Pandemic Has Disrupted Our Plans” [Time]. “I acknowledge that having children five years apart rather than three—if we are fortunate enough to have another—is, in the greater context of today’s crisis, a privileged problem to have. Still, I am giving myself space to feel the loss of the family life that I had envisioned.”
News of the Wired
“The Pandemic Financial Terms You Should Know Right Now” [Bloomberg]. For example: “Forbearance: If you lose the battle to invoke force majeure, you can ask for forbearance, which is when a lender agrees to go easy on an overdue borrower. The lender isn’t just being nice; in a crisis like this, it has no interest in forcing thousands of borrowers into bankruptcy and assuming ownership of their devalued houses and cars. Even the Federal Reserve is urging lenders to be “responsive to the needs of low- and moderate-income individuals, small businesses, and small farms affected by Covid-19 consistent with safe and sound banking practices.”
“The reason Zoom calls drain your energy” [BBC]. “Being on a video call requires more focus than a face-to-face chat, says Petriglieri. Video chats mean we need to work harder to process non-verbal cues like facial expressions, the tone and pitch of the voice, and body language; paying more attention to these consumes a lot of energy. “Our minds are together when our bodies feel we’re not. That dissonance, which causes people to have conflicting feelings, is exhausting. You cannot relax into the conversation naturally,” he says. Delays on phone or conferencing systems of 1.2 seconds made people perceive the responder as less friendly or focused. Silence is another challenge, he adds. ‘Silence creates a natural rhythm in a real-life conversation. However, when it happens in a video call, you became anxious about the technology.’ It also makes people uncomfortable. One 2014 study by German academics showed that delays on phone or conferencing systems shaped our views of people negatively: even delays of 1.2 seconds made people perceive the responder as less friendly or focused. An added factor, says Shuffler, is that if we are physically on camera, we are very aware of being watched. ”
UPDATE The Juggalos set the baseline:
Stale News Break… pic.twitter.com/IeYQwOMjr9
— Insane Clown Posse (@icp) April 22, 2020
* * *Readers, feel free to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, with (a) links, and even better (b) sources I should curate regularly, (c) how to send me a check if you are allergic to PayPal, and (d) to find out how to send me images of plants. Vegetables are fine! Fungi and coral are deemed to be honorary plants! If you want your handle to appear as a credit, please place it at the start of your mail in parentheses: (thus). Otherwise, I will anonymize by using your initials. See the previous Water Cooler (with plant) here. Today’s plant (Carla):
Carla writes: “NE Ohio, first week of March 2020. First flowers of spring here: winter aconite.” Again, my favorite mulch.
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