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HomeEconomics2:00PM Water Cooler 7/2/2024 | bare capitalism

2:00PM Water Cooler 7/2/2024 | bare capitalism

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Readers, I preserve needing to go away notes like this, which is embarrassing. I promised an extended Water Cooler at present, however I misunderestimated the time it could take to complete a publish on the splendors and miseries of Biden’s debate efficiency and the next reactions to it. So at present will probably be virtually completely politics, and perhaps just a little Covid (apart from the 9 charts, none of that are excellent news), and tomorrow’s greatest laid plan is for largely Covid, which I can end up earlier than I hit the street. –lambert

Widespread Loon, Brown Bear Lake-middle, Kitimat-Stikine, British Columbia, Canada. “2 loons that I paddled proper by. They had been simply swimming round in the course of the lake. No signal of a nest, however I didn’t look. After I handed they began calling.”

(1) New Covid charts. Readers, I’m not glad about any of this, particularly earlier than the vacation weekend. Keep protected on the market!

“So lots of the social reactions that strike us as psychological are in truth a rational administration of symbolic capital.” –Pierre Bourdieu, Classification Struggles

July 2, 2024

Right here is the complete quote from Federalist 69:

The President of the US can be liable to be impeached, tried, and, upon conviction of treason, bribery, or different excessive crimes or misdemeanors, faraway from workplace; and .

It’s the “afterwards” half that’s key. At the very least for official capabilities, you’ll be able to’t get on the “odd course of regulation” (i.e., prison costs) with out going via impeachment first.

Lambert right here: I don’t suppose a lot of the Courtroom’s newest in Trump v. United States: “Absolute immunity” means absolute; to that extent liberals yammering about Kings are right (though I suppose one may argue that we now have an elective monarch, slightly than a heriditary one). However you’ll be able to’t have “absolute” something in a system of checks and balances; as Madison wrote in Federalist 51: “Ambition have to be made to counteract ambition. The curiosity of the person have to be related with the constitutional rights of the place.” But when the constitional rights of the “place” (i.e., official place) are “absolute,” then there may be nothing to counteract the ambitions of the person, and so the bulk in Trump v. United States has produced an absurd, system-destroying end result. OTOH, it’s arduous to see how lawfare, systematically pursued, may produce any different end result, provided that any Grand Jury will indict a ham sandwich, and anyone will be discovered guilt of violating some regulation, given a stage of effort. So if you’d like “vitality within the government,” you’ll be able to’t sap that department with contrived and tendentious lawsuits, and so there must be a rule to type them. Now there’s a rule (“watch out what you want for”). As soon as once more Trump, as is his little means, has discovered a restrict case within the system, and damaged via it by pursuing the case to its logical conclusion. I’d speculate the treatment for the butchery in Trump v. United States is Constitutional: If a President desires to interrupt a regulation as a part of a core government perform, Congress can over-ride by a majority vote, which the President may veto, and the veto could possibly be over-ridden by a two-thirds majority. Maybe readers can present a greater repair. Commentary:

That dangerous authorities is the results of “the dangerous individuals” in workplace is completely Third World considering. I don’t recall ever listening to Maddow; however whoever is, ought to cease.

FAFO:

Why not (1):


* * *

Right here is one useful diagram about how Trump v. United States may have an effect on Trump’s present circumstances:

The impact of Trump v. United States on Smith’s prosecution in Chutkan’s courtroom:

Trump v. United States shouldn’t have an effect on the Georgia case:

If in truth a President’s working for President is a core official perform, than certainly l’etat c’est moi. So, one thing to observe.

2024

Lower than a half a yr to go!

extra right here) nonetheless Brownian-motioning round. After all, it goes with out saying that these are all state polls, subsequently dangerous, and a lot of the outcomes are throughout the margin of error. If will probably be fascinating to see whether or not the decision in Choose Merchan’s courtroom impacts the polling, and if that’s the case, how. NOTE Sorry for the surplus crimson dots; I can’t appear to make them go away!

* * *

Biden (D): Desperation units in:

Biden (D): Oh good:

Again within the day, David Duke, a former grand wizard of the Knights of the Ku Klux Klan, was working for Governor of Lousiana in opposition to the famously corrupt Edwin Edwards (“The one means I can lose this election is that if I’m caught in mattress with both a lifeless lady or a dwell boy.”) The Democrats received, with an equally well-known bumper sticker that learn: “Vote for the criminal. It’s essential!” So, “Vote for the corpse. It’s essential!” (and [family blog it] the [family blogging] Nationwide Review received there first. Why oh why do Democrats suck a lot?!

* * *

[Whoops, forget to delete the squillion links I’d collected and can’t get to. Maybe later! –lambert]

* * *

Republican Funhouse

https://x.com/galvinalmanza/standing/1807195762192724403?s=12

Syndemics

“I’m in earnest — I can’t equivocate — I can’t excuse — I can’t retreat a single inch — AND I WILL BE HEARD.” –William Lloyd Garrison

* * *

Covid Assets, United States (Nationwide): Transmission (CDC); Wastewater (CDC, Biobot; contains many counties; Wastewater Scan, contains drilldown by zip); Variants (CDC; Walgreens); “Iowa COVID-19 Tracker” (in IA, however nationwide information). “An infection Management, Emergency Administration, Security, and Basic Ideas” (particularly on hospitalization by metropolis).

Lambert right here: Readers, thanks for the collective effort. To replace any entry, do be happy to contact me on the tackle given with the crops. Please put “COVID” within the topic line. Thanks!

Assets, United States (Native): AK (dashboard); AL (dashboard); AR (dashboard); AZ (dashboard); CA (dashboard; Marin, dashboard; Stanford, wastewater; Oakland, wastewater); CO (dashboard; wastewater); CT (dashboard); DE (dashboard); FL (wastewater); GA (wastewater); HI (dashboard); IA (wastewater reviews); ID (dashboard, Boise; dashboard, wastewater, Central Idaho; wastewater, Coeur d’Alene; dashboard, Spokane County); IL (wastewater); IN (dashboard); KS (dashboard; wastewater, Lawrence); KY (dashboard, Louisville); LA (dashboard); MA (wastewater); MD (dashboard); ME (dashboard); MI (wastewater; wastewater); MN (dashboard); MO (wastewater); MS (dashboard); MT (dashboard); NC (dashboard); ND (dashboard; wastewater); NE (dashboard); NH (wastewater); NJ (dashboard); NM (dashboard); NV (dashboard; wastewater, Southern NV); NY (dashboard); OH (dashboard); OK (dashboard); OR (dashboard); PA (dashboard); RI (dashboard); SC (dashboard); SD (dashboard); TN (dashboard); TX (dashboard); UT (wastewater); VA (dashboard); VT (dashboard); WA (dashboard; dashboard); WI (wastewater); WV (wastewater); WY (wastewater).

Assets, Canada (Nationwide): Wastewater (Authorities of Canada).

Assets, Canada (Provincial): ON (wastewater); QC (les eaux usées); BC (wastewater); BC, Vancouver (wastewater).

Hat tricks to useful readers: Alexis, anon (2), Art_DogCT, B24S, CanCyn, ChiGal, Chuck L, Festoonic, FM, FreeMarketApologist (4), Gumbo, hop2it, JB, JEHR, JF, JL Joe, John, JM (10), JustAnotherVolunteer, JW, KatieBird, LL, Michael King, KF, LaRuse, mrsyk, MT, MT_Wild, otisyves, Petal (6), RK (2), RL, RM, Rod, sq. coats (11), tennesseewaltzer, Tom B., Utah, Bob White (3).

Keep protected on the market!

* * *

Vaccines

“NIH-sponsored trial of nasal COVID-19 vaccine opens” (press launch) [NIH]. N = 60. “A Section 1 trial testing the security of an experimental nasal vaccine that will present enhanced breadth of safety in opposition to rising variants of SARS-CoV-2, the virus that causes COVID-19, is now enrolling wholesome adults at three websites in the US. The Nationwide Institutes of Well being (NIH) is sponsoring the first-in-human trial of the investigational vaccine, which was designed and examined in pre-clinical research by scientists from NIH’s Nationwide Institute of Allergy and Infectious Illnesses (NIAID) Laboratory of Infectious Illnesses.” • Late is best than by no means, I suppose. I simply hope they don’t butcher this like they butchered the RECOVER (Lengthy Covid) mission. Maybe one among our medical professionals can touch upon the research methodology; the arms, and so forth.

Variants: Covid

* * *

Trading Economics]. “The variety of job openings rose by 221,000 from the earlier month to eight.140 million in Might 2024, beating the market consensus of seven.91 million. It follows a downwardly revised 7.919 million in April which was the bottom in three years. ”

Provide Chain: “United States LMI Logistics Managers Index” [Trading Economics]. “The Logistics Supervisor’s Index within the US edged decrease to 55.3 in June 2024 from 55.6 in Might, however pointed to a seventh consecutive month of enlargement within the logistics sector.”

* * *

The Bezzle: Direct motion brings satisfaction:


* * *

Right now’s Worry & Greed Index: 49 Impartial (earlier shut: 47 Worry) [CNN]. One week in the past: 39 (Worry). (0 is Excessive Worry; 100 is Excessive Greed). Final up to date Jul 2 at 12:42:35 PM ET.

Rapture Index: Closes down one on Oil Provide/Worth. “Oil demand is secure” [Rapture Ready]. File Excessive, October 10, 2016: 189. Present: 186. (Keep in mind that bringing on the Rapture is nice.) • Not what the local weather protection implies.

Class Warfare

“The Shareholder Supremacy” [Ed Zitron, Where’s Your Ed At?]. “[I]t was the Shareholder Supremacy motion that created the nebulous creature generally known as ‘administration’ — a figurehead that exists to extend firm worth and make speeches slightly than have any type of area experience or bonafides, somebody with simply the flexibility to maneuver numbers round and level at individuals to ‘get issues finished,’ even when ‘issues’ may imply ‘make one thing worse as a way of slicing prices.’ Within the eyes of the Shareholder Supremacist, the CEO of a tech firm isn’t somebody that builds, invests in, or proliferates applied sciences, however a stage-magician-accountant hybrid that makes use of a mixture of sleight of hand and imprecise guarantees to persuade these round them that an organization is ‘the longer term,’ with the occasional end result being that the corporate may develop know-how sooner or later. But it took a long time for the injury to essentially set in, when, in 1960, a horrible little man known as Jack Welch would be part of Basic Electrical….” • “A stage-magician-accountant hybrid….” Dave Calhoun, is that you simply?

Information of the Wired

“The Mysterious, Deep-Dwelling Microbes That Sculpt Our Planet” [New York Times]. “We stepped out and walked a brief distance to a big plastic spigot protruding from the rock. A pearly stream of water trickled from the wall close to the tap’s base, forming rivulets and swimming pools. Wafting from the water was hydrogen sulfide — the supply of the chamber’s odor. Kneeling, I spotted that the water was teeming with a stringy white materials just like the pores and skin of a poached egg. Caitlin Casar, a geobiologist, defined that the white fibers had been microbes within the genus Thiothrix, which be part of collectively in lengthy filaments and retailer sulfur of their cells, giving them a ghostly hue. Right here we had been, deep inside Earth’s crust — a spot the place, with out human intervention, there can be no gentle and little oxygen — but life was actually gush­ing from rock.” • Perspective!

* * *

Contact data for crops: Readers, be happy to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, to (a) learn the way to ship me a examine if you’re allergic to PayPal and (b) to learn the way to ship me pictures of crops. Greens are high quality! Fungi, lichen, and coral are deemed to be honorary crops! In order for you your deal with to look as a credit score, please place it firstly of your mail in parentheses: (thus). In any other case, I’ll anonymize through the use of your initials. See the earlier Water Cooler (with plant) right here. From TH:

TH writes: “That is on the Sherman Library and Gardens in Corona Del Mar – a favourite hang-out. I appreciated the highlight impact of the solar on the wealthy orange/crimson blossoms. The fly was a bonus…or not, relying on how one feels about flies.” I assume at thsi level I’m for any bugs in any respect, till the soil microbes work out what to do subsequent!

* * *

Readers: Water Cooler is a standalone entity not lined by the annual NC fundraiser. So should you see a hyperlink you particularly like, or an merchandise you wouldn’t see wherever else, please don’t hesitate to specific your appreciation in tangible kind. Bear in mind, a tip jar is for tipping! Common optimistic suggestions each makes me really feel good and lets me know I’m heading in the right direction with protection. Once I get no donations for 3 or 4 days I get fearful. Extra tangibly, a continuing trickle of donations helps me with bills, and I consider that trickle when setting fundraising targets:

Right here is the display that may seem, which I’ve helpfully annotated:

If you happen to hate PayPal, you’ll be able to e-mail me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, and I provides you with instructions on find out how to ship a examine. Thanks!

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