Liquidity Risk at Large U.S. Banks NBER. “For 2019 Q4, the revised tests suggest it is unlikely that any of the six banks would survive a liquidity crisis for 30 days. This negative finding is most clear-cut for Goldman Sachs and Morgan Stanley.” Oh.
* * *Airlines face ‘mission of the century’ in shipping vaccines Stars and Stripes
UPS amps up dry ice production to ready coronavirus vaccine distribution Supply Chain Dive
Dry Ice Will Help Keep COVID-19 Vaccines Cold JStor Daily. A brief history of dry ice.
* * *States With Few Coronavirus Restrictions Are Spreading the Virus Beyond Their Borders ProPublica (Re Silc). As for example…
Flavonols as potential antiviral drugs targeting SARS-CoV-2 proteases (3CLpro and PLpro), spike protein, RNA-dependent RNA polymerase (RdRp) and angiotensin-converting enzyme II receptor (ACE2) European Journal of Pharmacology. From the Abstract: “One of the promising therapeutic approaches is the search for bioactive molecules with few side effects that display antiviral properties in natural sources like medicinal plants and vegetables. Several computational and experimental studies indicated that flavonoids especially flavonols and their derivatives constitute effective viral enzyme inhibitors and possess interesting antiviral activities. In this context, the present study reviews the efficacy of many dietary flavonols as potential antiviral drugs.”
* * *Opinion: To stop the next pandemic, we need to unravel the origins of COVID-19 PNAS
Like Typhus, but also Not London Review of Books
What the coronavirus vaccine shows about the potential for innovation Ryan Cooper, The Week
When specialty cheesemaking becomes a quarantine pastime Popular Science
Is China ripe for a subprime crisis? Regulator sees bank property loans as ‘biggest grey rhino risk’ for financial system South China Morning Post. Commentary:
But while I still think China is more likely to have a long deflation than a collapse, he is probably a little late in suggesting that “steps must be taken to avoid bubbles in the real estate sector,” although he could hardly have said otherwise. Unfortunately for…
— Michael Pettis (@michaelxpettis) December 1, 2020
World’s largest free trade pact South China Morning Post
China’s moon mission makes a lunar touchdown, ready for Chang’e 5 to collect rocks and soil South China Morning Post
“This Is a Revolution, Sir” Jacobin
On Russia’s flank, a small war heralds big changes Christian Science Monitor
Light in the tunnel or oncoming train? Adam Tooze, Social Europe
Peru Needs a New Constitution Foreign Policy
Barr taps Durham as special counsel, pushing probe into Biden era Politico. “Tapped,” on October 19:
NEW: Barr appointed DURHAM as a full special counsel — with the same powers Mueller had — on Oct. 19.
#Durham #NewEvidence READ: Letter to House + Senate Judiciary committees obtained @CBSNews AG Barr says he expected Durham to complete his criminal investigation by Summer 2020 but it was delayed due to COVID-19 + “additional evidence (Durham) uncovered.” Barr said Special pic.twitter.com/Y4BPLyN0id
— Catherine Herridge (@CBS_Herridge) December 1, 2020
Bipartisan, bicameral group unveils $908 billion coronavirus proposal The Hill. Pelosi the master legislator:
Just to illustrate 1 change here –>
Sept. 8: McConnell releases plan including $300/week in supplemental federal UI for jobless Americans
Leverage James Kwak. “[T]he Democratic leadership in Congress seems inclined to give up the potential chance to write their own appropriations bill in January in exchange for a bill that they have to negotiate with McConnell and . . . Donald J. Trump.”
Lawmakers Unify To Give Corporate Donors A License To Kill You Daily Poster. What, again?
Poll: Trump’s job approval ticks up to 50 percent post-election The HIll. Hill-Harris.
Six Stupid Arguments Against Forgiving Student Loan Debt The American Prospect
economics truly is a disgrace Claudia Sahm, macromom blog. On Heather Boushey of Equitable Growth. Their response:
As a mission-driven organization, Equitable Growth believes in collaboration and respect as part of our core values. Claudia Sahm’s version of what transpired in her time at Equitable Growth is not based in fact.
— Equitable Growth (@equitablegrowth) December 2, 2020
Realignment and Legitimacy
In the Time of Monsters Midwest Socialist
We Can’t Vote ‘Em Out Lee Camp, Consortium News
Black Injustice Tipping Point
The Archetypical Cycle of Internal Order and Disorder Ray Dalio (DD).
Antidote du jour (via):
See yesterday’s Links and Antidote du Jour here