Saturday , June 19 2021
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Articles by run75441

No Risk for Children from Covid? ? ?

2 days ago

Just catching up on my healthcare readings and ran across an article in my email account from MedPage Today. The articles come on a daily basis and I also get them from Modern Healthcare (which limits articles), Health Affairs, NEJM, JAMA, etc. It is more than I could read at any one time unless, I give up more time to read and absorb them.

There has been much conversation and arguing on whether there should be vaccinations for children. I have been waiting for something addressing the issues by those opposing it in a clear, concise, manner including some medical reasoning. “Let’s Recognize Childhood COVID as the Crisis It Is,” MedPage Today, June 2021 appears to do such.

The calculus of risk changes drastically when considered from a public

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SCOTUS Rules 7-2 in Favor of ACA

2 days ago

Writing for the majority on the ACA ruling, Justice Breyer:

“We do not reach these questions of the Act’s validity, Texas and the other plaintiffs in this suit lack the standing necessary to raise them.”

The lack of standing comes from:

“The states having brought the suit could not show that they will suffer any injury from the fact that some form of the mandate is still in effect, and threw out the lawsuit as a result.”

In the majority were Chief Justice John Roberts and Justices Clarence Thomas, Sonia Sotomayor, Elena Kagan, Brett Kavanaugh and Amy Coney Barrett.

In dissent, Justice Samuel Alito, joined by Justice Neil Gorsuch, accused the majority of ducking the constitutional issues that conservatives for years have argued make the

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“An estimate of the impact of revisions to 1st Qtr GDP are here” . . . Commenter RJS

4 days ago

May Retail Sales Fell 1.3% After April Sales Were Revised 1.4% Higher

Seasonally adjusted retail sales fell 1.3% in May after retail sales for April were revised 1.4% higher . . . the Advance Retail Sales Report for May (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $620.2 billion for the month, which was a decrease of 1.3 percent (±0.5%) from April’s revised sales of $628.7 billion, but 28.1 percent (±0.7 percent) above the adjusted sales of May of last year . . . April’s seasonally adjusted sales were revised from the $619.9 billion reported last month to $628.7 billion, while March sales were revised from $619.8 billion to $623.12 billion, which meant that March to April percent

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Job Openings Jump 12% to Another Record in April

5 days ago

Record High Job Quitting; Record Low Layoff Rate, MarketWatch 666, AB Commenter and Blogger RJS

The Job Openings and Labor Turnover Survey (JOLTS) report for April from the Bureau of Labor Statistics estimated seasonally adjusted job openings jumped by by 998,000, from 8,288,000 in March to 9,286,000 job openings in April, after March’s record job openings were revised 165,000 higher, from 8,123,000 to 8,288,000 . . . April’s jobs openings were up by 37.5% from the beginning of this year, and also more than double the 4,630,000 job openings reported for April a year ago, as the job opening ratio expressed as a percentage of the employed rose from 5.4% in March to 6.0% in April, and it was up from 3.4% a year ago . . . the greatest

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On trial

5 days ago

Commenter and blogger, Professor Joel Eissenberg, Department of Biochemistry and Molecular Biology, Saint Louis University.

Introduction: “A group of clinicians and researchers is petitioning the FDA to delay fully approval of any COVID-19 vaccines before clinical trials have been completed, calling the notion of approval to stimulate vaccination rates ‘backward logic.’

The group, led by Linda Wastila, BSPharm, MSPH, PhD, professor of pharmaceutical health services research at the University of Maryland School of Pharmacy, includes 27 petitioners, including 16 experts outside the U.S., primarily based in Europe.

The message of our petition is ‘slow down and get the science right. There is no legitimate reason to hurry to grant a license to a

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Pro and Con of a Virtual Currency

6 days ago

What are we talking about here?

Federal Reserve is taking an initial step towards launching its own virtual currency. The move is disturbing to banks as it gives millions of low-income Americans access to the financial system and fortifies the dollar’s status as the world’s reserve currency.

The rise of private cryptocurrencies is motivating the Fed to start considering a digital dollar to be used alongside the traditional paper currency. The biggest driver of causing the concern was a Facebook – led effort in 2019, to build a global payments network using crypto technology. Facebook’s action demonstrated how the private sector could, theatrically create a massive currency system outside of government control.

Globally, central banks around

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Consumer prices up 5.0%, the largest annual increase since 2008

8 days ago

CPI Rose 0.6% in May on Higher Prices for New and Used Vehicles, Clothing, and Airfares; Now Up 5% Year over Year, MarketWatch666, Commenter RJS

The consumer price index rose 0.6% in May, as higher prices for new and used vehicles, clothing, airfares, car and truck rentals, and utilities were only slightly offset by lower prices for gasoline and for health insurance…the Consumer Price Index Summary from the Bureau of Labor Statistics indicated that seasonally adjusted prices averaged 0.6% higher in May, after rising by 0.8% in April. 0.6% in March, 0.4% in February, 0.3% in January, 0.2% in December, 0.2% in November, 0.1% in October, 0.2% in September, 0.4% in August, by 0.5% in July and by 0.5% in June, but after falling by 0.1% last May….the

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When The Truth Overtakes Politics . . .

8 days ago

Sharing the truth while speaking to a 100% white and 70% male GOP Pennsylvania legislature body and telling them what is more important. PA Representative Brian Sims takes on the Republican majority in the state House.

PA Rep. Brian Sims: “Your boos mean nothing to me as I’ve heard for what you cheer. We are a legislature that has met more times to remove mask mandates, strip executive emergency powers, and overturn free and fair elections than we have to make strategic investments in Pennsylvania’s women, children, and families.”

When the truth hurts, you shut down the microphone. Crooks and Liars, Susie Madrak

📽️ @PAHouseGOP leader has meltdown on House floor after it was raised that his caucus is 100% white in a chamber that is 70% male

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April Trade Deficit Decreased 8.2% on Lower Imports

10 days ago

April Trade Deficit Decreased 8.2% on Lower Imports of Consumer Goods and Automotives, Commenter and blogger RJS

Our trade deficit was 8.2% lower in April, as our exports increased and our imports decreased . . . the Commerce Dept report on our international trade in goods and services for April, incorporating an annual revision, indicated that our seasonally adjusted goods and services trade deficit fell by a rounded $6.1 billion to $68.9 billion in April, from a March deficit that was revised from the originally reported $74.4 billion to $75.0 billion, a revision which should result in an downward revision of about 0.10 percentage points to 1st quarter GDP when the third estimate is released at the end of June; however, this month’s report

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Construction Increases 0.2% in April After March is Revised 0.5% Higher

17 days ago

MONTHLY CONSTRUCTION SPENDING, APRIL 2021, June 1, 2021Angry Bear Commenter RJS blogs at MarketWatch 666 and presents current economic market information. Estimates the impact of the February and March revisions on the 1st quarter GDP and is estimating the impact of this April report on 2nd quarter GDP (see below past Census reports.

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The Census Bureau’s report on construction spending for April (pdf) estimated that the month’s seasonally adjusted construction spending was at a $1,524.2 billion annual rate during the month, up 0.2 percent (±0.8 percent) from the revised March annual sales rate of $1,521.0 billion, and 9.8 percent (±1.2 percent) above the estimated annualized level of construction spending in April of last

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Slamming Chase CEO Jamie Dimon – Overdraft Fees

17 days ago

I would watch Elizabeth Warren pummel Jamie Dimon all day. pic.twitter.com/S1XPzMriZf— Sawyer Hackett (@SawyerHackett) May 26, 2021Elizabeth Warren Slams JPMorgan Chase’s Jamie Dimon on Overdraft Fees – Rolling Stone

I could watch this over and over. It is similar to when she put the spotlight on John Roberts in the Senate.

This is a good take down of Jamie Dimon by Senator Elizabeth Warren. The Senator is relentless. It appears Chase was given a hall pass by the Fed to be late on payments and not be penalized for it. Chase was very happy for the help.

Except, Chase did not allow its customers the same privilege. Instead, Chase charges them Overdraft fees for being late.

Senator Warrens asks Jamie Dimon if this is fair. And why isn’t

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Revised 1st Quarter GDP Report Still Shows Growth at a 6.4% Rate

19 days ago

“Revised 1st Quarter GDP Report Still Shows Growth at a 6.4% Rate,” Marketwatch 666, Commenter RJS and analyst

The Second Estimate of our 1st Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 6.4% rate in the 1st quarter, unchanged from the 6.4% growth rate reported in the advance estimate last month, as upward revisions to growth of real personal consumption expenditures and to growth of real fixed investment were offset by downward revisions to inventories, to state and local government investment, and to exports, and by an upward revision to imports, which subtract from GDP…..in current dollars, our first quarter GDP grew at a 10.96% annual rate, increasing from what would work out to

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April Personal Income Down a Record 13.1%,

19 days ago

April Personal Income Down a Record 13.1%, Disposable Personal Income Down a Record 14.6%, Savings Falls 54.0%, Marketwatch 666, RJS

The April report on Personal Income and Outlays from the Bureau of Economic Analysis reflects the partial unwinding of the March government stimulus in just about every metric it tracks except for prices, which are said to be “transitory“, influenced by temporary shortages and supply chain issues….as you’ll recall, this report includes the month’s data for our personal consumption expenditures (PCE), which usually accounts for nearly 70% of the month’s GDP, and with it the PCE price index, the inflation gauge the Fed targets, and which is used to adjust that personal spending data for inflation to give us the relative

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“Unshakeable Burden of Student Loans”

20 days ago

“Americans stress over ‘unshakeable burden’ of student loan payments,” The Guardian, Michael Sainato, May 2020

The nation can alleviate one person of their debt multiple times; but, it can not do so for the younger contingent consisting of minorities and white former students who would add to the growth of the economy if freed. Much ofd this debt consists of usurious penalties, the interest on those penalties, forbearance interest and the interest on top of the interest. Forbearance interest and penalty interest must be paid first before payment is applied to principal. No commercial loan to citizens exists with these types of restrictions. Student loans were made as impossible to pay off as they could.

This is a copy and paste article and an

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Farm and Ranch Report, May 2021 Beef Cattle Prices

21 days ago

This particular post is coming out of Angry Bear’s comment section. Mike Smith is the author. Mike grows various food items on his farm and has a hands-on knowledge of what is occurring in the beef industry today.

What Mike is touching upon today is the small farmer industry and how the farmers are being squeezed out in bringing beef to market. The wholesalers and larger food chains such as Walmart can manipulate pricing to benefit themselves at the expense of small farmers who do not have the herd sizes or grazing capability to support the former and to push back. I will let Mike explain further.

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As we look at the data coming in for inflationary pressures from around the economy, I wanted to pick one that I have seen some

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Wuhan Readings from the Fauci Files

23 days ago

I would not want you guys to fall behind in the conspiracy readings. I was reading this stuff April 2020. The news caught up in 2021.

“Dr. Fauci Backed Controversial Wuhan Lab with U.S. Dollars for Risky Coronavirus Research,” Newsweek

“Under Political Pressure, NIH Blacklists Wuhan Virology Lab,” American Institute of Physics

“Why US outsourced bat virus research to Wuhan,” Asia Times

“Why The U.S. Government Stopped Funding A Research Project On Bats And Coronaviruses,” NPR

“NIH’s axing of bat coronavirus grant a ‘horrible precedent’ and might break rules, critics say,” Science

“NIH Cancels Funding for Bat Coronavirus Research Project,” The Scientist

“Mike Pompeo Defends U.S. Funding For Wuhan Virology Lab,” The National

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The Uninsured and Free Healthcare Insurance

23 days ago

Eighteen million uninsured Americans are eligible for free or subsidized health insurance.

Kaiser Family Foundation estimates, 12.5 million of the uninsured are eligible for free coverage which includes 3.4 million for whom “free” means high-deductible bronze coverage. More than likely, half of the uninsured could get “platinum-equivalent” silver healthcare insurance coverage for a premium amounting to no more than 2% of income).

Yet the estimates of the reduction in the uninsured population to be triggered by the ARPA subsidy boosts remain modest. The CBO estimates that ARPA will reduce the uninsured by “just” 1.3 million in 2022 mostly due to a lack of knowledge.

January 25, 2021, KFF; “Even before the COVID-19 pandemic began, signing up

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April’s new housing construction and existing home sales

25 days ago

Commenter and blogger RJS at Market Watch 666

Just two widely watched reports were released this week: the April report on New Residential Construction from the Census Bureau and the Existing Home Sales Report for April from the National Association of Realtors…in addition to those, the Bureau of Labor Statistics released the Regional and State Employment and Unemployment Summary for April this week, which breaks down the two employment surveys from the monthly national jobs report by state and region….while the text of that report provides a useful summary of this data, the serious statistical aggregation can be found in the tables linked at the end of the report, where one can find the civilian labor force data and the change in payrolls by

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Threatens “No” Vote Against It and Strongly Supports Jan. 6 Commission

26 days ago

Lucy will again yank the the football away again after the House sends their bill to the Senate to be voted upon.

Sen. Susan (Lucy) Collins (R-ME) on Sunday insists she “strongly” supports a bipartisan commission to study the Jan. 6 attack on the Capitol even though she has threatened to vote against it.

Stepping of her foot . . . while clarifying her demands.

“First of all, let me clarify my position. I strongly support the creation of an independent commission. I believe there are many unanswered questions about the attacks on the Capitol on Jan. 6. We need to figure out how we can enhance security, why we weren’t better prepared.”“So I support the creation of a non-partisan, bipartisan commission.”

Wants creation, many unanswered

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Genetically Modified Mosquitos Released in the United States

26 days ago

First Genetically Modified Mosquito Released in the United States, Nature (News in Focus), Emily Watz, presented by Professor Joel Eissenberg commenter at Angry Bear.

Biotech firm Oxitec launched a controversial field test of its insects in Florida after years of opposition from residents and regulatory complications. The issue at hand is whether it is ethical to eliminate a species even though it causes human contagions. This is the first time science has moved to eradicate a carrier of a virus rater than eliminate the transmission of the virus (small pox and polio in the US).

Fighting infectious diseases can be difficult. Our toolkit includes drugs and vaccines to combat the diseases often times transmitted by bites. However, there is an

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A Focus on Oil, May, 2021

29 days ago

Oil exports drop by the most on record to least since October 2018; global oil shortage at 1.73 million barrels per day, Focus on Fracking, RJS

The “global oil shortage” is from my coverage of the May OPEC report, which i’ll paste below; I also revise global oil shortage/surplus estimates for prior months. I don’t know of anyone else who digs this stuff out of this report (a 100 page report is more than most journos can handle)…

OPEC’s Monthly Oil Market Report

Tuesday of this past week saw the release of OPEC’s May Oil Market Report, which covers OPEC & global oil data for April, and hence it gives us a picture of the global oil supply & demand situation for the 4th month after OPEC, the Russians, and other oil producers agreed to increase

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Just Some More Interesting News

May 20, 2021

‘Cut the Bullsh*t‘ and Tax Rich People Like Us, Common Dreams, Kenny Stancil

Monday is Tax Day in the United States this year and the Patriotic Millionaires—rich Americans who advocate for greater redistribution of wealth and power to working people in the U.S.—are using the occasion to launch “an offensive” against the “selfish billionaires, Wall Street tycoons, and CEOs” who are trying to undermine progressive tax reforms that would require the country’s wealthiest individuals and corporations to pay a fairer share.

The nation’s super-rich, said the group in a statement, are “fighting tooth and nail to protect their own special tax breaks and misleading the American people” about proposals to raise taxes on a tiny minority of high-net worth

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New dashboard on the PRC Advisory Opinion on the change in service standards

May 19, 2021

Steve Hutkins from Save the Post Office. As you can see, postal service delivery would lengthen from a maximum of 3 – day delivery to 4 and 5-day delivery service for First Class mail and Periodicals.

The impact of the changes in delivery would would slow approximately 20.7 billion pieces of First Class Mail, or about 39 percent of FCM volume (see chart below).

The Postal Service has requested an Advisory Opinion from the Postal Regulatory Commission concerning its plan to relax service standards on First Class mail and Periodicals. We started a new website page that provides easy access to the PRC’s docket (N2021-1), as well as some charts, tables, and blog posts about the proposal.

You can find the page here; it’s also a tab, N2021-1, in

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Monday Reads on A Tuesday

May 18, 2021

China successfully lands a rover on the red planet, National Geographic, Andrews

The Zhurong rover survived the harrowing “seven minutes of terror,” touching down on a vast plain called Utopia Planitia that may once have been the site of an ancient ocean. Zhurong will search for evidence of water and past habitability on Mars, possibly paving the way for future human missions. China is now only the second country in history to explore the Martian surface with a rover, joining NASA’s active  Curiosity  and Perseverance missions.

Medicaid expansion revived despite flood of misinformation, WyoFile, Nick Reynolds

Sen. Anthony Bouchard (R-Cheyenne) holds up a carrot during a hearing on Medicaid expansion May 10, 2021. Bouchard said that accepting

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April’s Producer Data

May 17, 2021

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666

Producer Prices rose 0.6% in April on Higher Wholesale Food Prices, Wider Margins for Transportation Services

The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.6% in March, as prices for both finished wholesale goods and margins of final services providers rose 0.6%. That increase followed a March report that had the PPI 1.0% higher, as prices for finished wholesale goods rose 1.7% while margins of final services providers rose 0.7%, a February report that the PPI was 0.5% higher, with prices for finished wholesale goods on average 1.4% higher, while margins of final

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April’s consumer and producer prices, etc.

May 17, 2021

April’s consumer and producer prices, retail sales, and industrial production; March business inventories and JOLTS, Commenter RJS, Market Watch 666

Retail Sales Unchanged in April after Big Revisions to Prior Months’ Sales

Seasonally adjusted retail sales were statistically unchanged in April, after retail sales March were revised higher, while sales for February were revised much lower. The Advance Retail Sales Report for April (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $619.9 billion for the month, which was virtually unchanged (±0.5 percent)* from revised March sales of $619.8 billion, but 51.2 percent (± 0.7 percent) above the adjusted sales of April of last year.

March

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Record High Trade Deficit

May 15, 2021

Trade Deficit Increases 5.6% to Record High in March on Rising Imports of Consumer Goods, MarketWatch666, Commenter RJS

Our trade deficit was at another record high in March, 5.6% higher than in February, as both our imports and exports increased, but our imports increased by more. The Commerce Department’s report on our international trade in goods and services for March indicated that our seasonally adjusted goods and services trade deficit rose by $3.9 billion to $74.4 billion in March, from a February deficit that was revised from the originally reported record $71.1 billion to $70.5 billion. In rounded totals, the value of our March exports rose by $12.4 billion to $200.0 billion on a $11.7 billion increase to $142.9 billion in our exports of

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Cuba’s Covid Vaccines Proceed even with US Sanctions

May 14, 2021

Hit by “renewed” US sanctions (The Guardian) under trump and a Covid pandemic, Cuba is enduring an economic crisis. Pharmacy shelves are empty, people stand in line for hours to buy chicken, and bread is scarce and hard to find. May 6th Cuba reported 1,060 cases totaling 112,714. Another seven deaths occurred bringing the total to 701.

Even as the island nation is under a political siege and suffering from Covid, Cuba is the smallest country in the world to successfully develop its own coronavirus vaccines. Of the 27 coronavirus vaccines in final phase 3 clinical trials around the world, two are of Cuban (NYT) origin.

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Cuba’s Finlay Vaccine Institute developed a vaccine known as Soberana 2.

Soberana which means “Sovereign” in Spanish

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Civilian Labor Force Increases by 430,000

May 12, 2021

Https://www.bls.gov/news.release/empsit.t01.htm#Maybe I am wrong on BLS Household Numbers? Has anyone looked at aggregate Participation Rate and the Civilian Labor Force numeric?

Seasonal Adjusted PR is up 2 tenths of 1% and the Civilian Labor Force increased by 430,000 from March to April. Last year, from January 2020 to end of 2020, PR was down 2%

The nation has recouped 2 tenths of 1% in April. Employed is up ~300,000 and Unemployed is up ~100,000. As you well know to be categorized as Unemployed and part of the Labor Force, a worker has to be looking for work.

During 2020, the trend was downward for Participation Rate with blips along the way. It appears the trend is upwards in 2021 for now.

People are going back to work and

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