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10 Tuesday AM Reads
My Two-for-Tuesday morning
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From Wall Street to Main Street, here’s what the economy looks like one year after the pandemic brought everything to a halt Wave after wave of stimulus spending coupled with unprecedented moves by the Federal Reserve to keep ultra-low-rate loans flowing to Wall Street and corporate America. Even if growth surges to a red-hot 6%, many parts of the economy will still end the year deep in the pandemic hole they fell into last spring. (Bloomberg)
but see
17 Reasons to Let the Economic Optimism Begin A reporter who has tracked decades of gloomy trends sees things lining up for roaring growth. (New York Times)
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Documenting the grim anniversary of the coronavirus-spurred lockdowns with an Opinion series entitled “The Week Our Reality Broke,”
The New York Times s
usual liberal obsessions of inequality were livened up by a disturbing diatribe that proposed a resettlement tax on New Yorkers who escaped the failing Democratic city during the pandemic.
Under the foreboding headline “They Left New York During Covid. Make Them Pay,” one would have hoped op-ed writer Luke Winkie was being somewhat tongue-in-cheek in his angry, almost ethnocentric vituperation of the supposedly fake New Yorkers who dared to temporarily escape the pandemic-stricken city in early 2020 as the death toll escalated and no one knew what was going on.
Bird Song of the Day
Owl Week at the Naked Capitalism Water Cooler continues. “Flammulated” is a good candidate for Word of the Day!
#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
I feel I’m engaging in a macabre form of tape-watching, because I don’t think the peak is coming in the next days, or even weeks. Is the virus gathering itself for another leap?
Early in February, I said a simple way to compare Biden’s performance to Trump’s on vaccination would be to compare the slopes of the curves. If Biden accelerated vaccine administration, post-Inaugural slopes would get steeper. They have not. The fragmented, Federalized, and profit-driven lumbering monstrosity that we laughingly call our “health care” “system” has not responded to “energy in the executive,” but has continued on its inertial path.