By Lambert Strether of Corrente.
Fowl Tune of the Day
Northern Mockingbird, New Windfall Island; Lyford Cay, New Windfall, Bahamas.
In Case You Would possibly Miss…
- Lina Khan out.
- Arnade on McDonald’s: Trump and The Adjuster
- Kamala’s flawless marketing campaign, lol.
- Fowl flu carried by mud on the wind.
Politics
“So lots of the social reactions that strike us as psychological are in actual fact a rational administration of symbolic capital.” –Pierre Bourdieu, Classification Struggles
Musk GLP
Nothing would do extra to enhance the well being, lifespan and high quality of life for Individuals than making GLP inhibitors tremendous low value to the general public.
Nothing else is even shut. https://t.co/SNGcxzkcqE
— Elon Musk (@elonmusk) December 11, 2024
‘We don’t even know who’s working the nation’: South Korea’s ruling occasion stalls for time amid management disaster Channel Information Asia
Trump Transition
“Trump Aims to Remake Federal Trade Commission With Two Picks” [Wall Street Journal]. “Trump on Tuesday also said he would nominate the Republican antitrust lawyer Mark Meador as a commissioner. Meador is a former aide to Sen. Mike Lee (R., Utah), who led the introduction of legislation to break up Google. His confirmation would give the GOP a majority on the commission. While Meador will require Senate approval, Ferguson won’t. He was already confirmed for his commissioner seat in March and will be able to make the transition to the role of chair.”
* * * “Crypto Doesn’t Deserve a Tax Exemption” [Tyler Cowen, Bloomberg]. “The most obvious argument against the proposal is simply that uniform taxation is better than selective tax exemptions. If a lower capital gains tax rate is preferable, then the goal should be to make a smaller cut that applies to all assets. Exempting a single kind of asset is likely to lead to abuses. You might think that boosting crypto is important now, but which sector or asset will be selected next for special treatment? It may be one you don’t think deserves it.” And: “Many of the leading supporters of Trump’s campaign were crypto-connected companies. You don’t have to think this tax proposal is some kind of payback to realize that this creates problems of perception. Next time around, companies will offer campaigns financial support in the expectation of more favorable tax and regulatory treatment.” • I still struggle to understand the case for crypto, unless it be that Silicon Valley wants to get into finance, and to compete with Wall Street they need a distinctive competence, which turns out to be fraud (amazing, I know).
* * * “Top Republicans split over strategy to move Trump’s 2025 agenda” [NBC]. “The new Congress will give Trump and Republicans the opportunity to pass major legislation without the need for any Democratic support under a process called ‘reconciliation’ But whether the GOP will try to link all of its top priorities together in a single package early next year or split major issues across two, smaller bills is a major subject of debate among top Republican leaders. The House’s top tax writer, Ways and Means Committee Chair Jason Smith, R-Mo., is warning fellow Republicans against breaking the agenda up into two bills, in which border security and energy policy would come in the first and an extension of Trump’s 2017 tax cut law could come in the second. Delaying the tax legislation risks jeopardizing it, Smith and his allies warn, so they want one sweeping package.”
* * * “The Bizarre Normalcy of Trump 2.0” [Jonathan Chait, The Atlantic]. So Chait got a promotion to the Atlantic (for some definition of “promotion”). “A very strange disjuncture has opened up in Washington between the serene mood and the alarming developments that are under way. The surface is calm because the Republican presidential candidate won the election, and Democrats, the only one of the two major parties committed on principle to upholding the legitimacy of election results, conceded defeat and are cooperating in the peaceful transition of power. Whatever energy the chastened Democrats can muster at the moment is aimed inward, at factional struggles over their future direction. Meanwhile, what is actually happening in the capital is, by any rational standard, disturbing. Donald Trump is filling his administration with ‘loyalists,’ a prerogative that his opponents have grudgingly accepted as his due. Yet he is defining loyalist in maximal terms, including the belief that Trump legitimately won the 2020 election and was justified in his attempt to seize power. The winners are rewriting the history of the insurrection, and their version of history is about to acquire the force of law.” And: “On Saturday, The New York Times reported that the Trump transition team is asking applicants for high-level positions in the Defense Department and intelligence agencies three questions: which candidate they supported in the past three elections, what they thought about January 6, and whether they believed the 2020 election was stolen. Among the ‘wrong’ answers, applicants say, are conceding that Trump lost the election or that his supporters should not have tried to overturn the result.” • As for the 2020 election, see immediately below. (I think all the huffing-and-puffing about Trump picking “loyalists” is absurd. After all, what is he supposed to do? Pick backstabbers? That said, a taste for Kool-Aid shouldn’t be the operational definition of loyalty. Or the ability to lie to get ahead, although this is Washington, D.C…..
* * * “Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors” [Associated Press]. “The state charges against the Trump attorneys and aide are the only ones in Wisconsin. None of the electors have been charged. The 10 Wisconsin electors, Chesebro and Troupis all settled a lawsuit that was brought against them in 2023. There are pending charges related to the fake electors scheme in state and federal courts in Arizona, Michigan, Nevada and Georgia. Federal prosecutors, investigating Trump’s conduct related to the Jan. 6, 2021, U.S. Capitol riot, said the fake electors scheme originated in Wisconsin. Electors are people appointed to represent voters in presidential elections. The winner of the popular vote in each state determines which party’s electors are sent to the Electoral College, which meets in December after the election to certify the outcome. Two states, Maine and Nebraska, allow their electoral votes to be split between candidates. The Wisconsin complaint details how Troupis, Chesebro and Roman created a document that falsely said Trump had won Wisconsin’s 10 Electoral College votes and then attempted to deliver to to then-Vice President Mike Pence. In the amended complaint filed Tuesday, .” • I’ve always said that the “contingent electors” cases were the important, genuine cases in the Democrat lawfare over 2020 — don’t let the door hit you on the way out, Fani — because the Trump campaign put civilians in the line of fire, as here. So I’m glad to see this case moving forward.
2024 Post Mortem
Democrats en déshabillé
“Newsom’s Big Choice: Single Payer Or His Insurance Donors?” [The Lever]. From 2022. “The current push for single-payer may be doomed to the same fate as its predecessors. Even if the bill manages to pass the assembly before the end of the day Monday and passes the state senate, there is no guarantee Newsom will sign it into law. Despite his campaign promise, the California governor has long been allied with insurance companies opposing the reform…. UnitedHealth Group, the nation’s largest health insurer, is also opposing the single-payer bill, and has been pressing its employees to lobby California lawmakers against passing the legislation. The insurance giant has contributed $130,000 to Newsom’s campaigns since 2011, and $513,000 to the state Democratic party since 2007. In 2019, UnitedHealth Group and one of its subsidiaries donated $100,000 to Newsom’s inaugural fund. Now, whether Newsom’s relationship with Blue Shield, Anthem, and UnitedHealth will impact his decision-making on CalCare is an open question, says Court at Consumer Watchdog.” • Social murder has many accomplices….
Syndemics
“I am in earnest — I will not equivocate — I will not excuse — I will not retreat a single inch — AND I WILL BE HEARD.” –William Lloyd Garrison
Covid Resources, United States (National): Transmission (CDC); Wastewater (CDC, Biobot; includes many counties; Wastewater Scan, includes drilldown by zip); Variants (CDC; Walgreens); “Iowa COVID-19 Tracker” (in IA, but national data). “Infection Control, Emergency Management, Safety, and General Thoughts” (especially on hospitalization by city).
Lambert here: Readers, thanks for the collective effort. To update any entry, do feel free to contact me at the address given with the plants. Please put “COVID” in the subject line. Thank you!
Resources, United States (Local): 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 reports); 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 (wastewater); VT (dashboard); WA (dashboard; dashboard); WI (wastewater); WV (wastewater); WY (wastewater).
Resources, Canada (National): Wastewater (Government of Canada).
Resources, Canada (Provincial): ON (wastewater); QC (les eaux usées); BC (wastewater); BC, Vancouver (wastewater).
Hat tips to helpful 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, KF, KidDoc, LL, Michael King, KF, LaRuse, mrsyk, MT, MT_Wild, otisyves, Petal (6), RK (2), RL, RM, Rod, square coats (11), tennesseewaltzer, Tom B., Utah, Bob White (3).
Stay safe out there!
Transmission: H5N1
TABLE 1: Daily Covid Charts
Lambert: CDC’s wastewater page loaded. No Thanksgiving surge that I can see.
Wastewater | |
This week[1] CDC December 2 | Last week[2] CDC (until next week): |
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Variants [3] CDC December 7 | Emergency Room Visits[4] CDC November 30 |
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Hospitalization | |
★ New York[5] New York State, data December 10: | National [6] CDC December 5: |
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Positivity | |
National[7] Walgreens December 9: | Ohio[8] Cleveland Clinic November 23: |
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Travelers Data | |
Positivity[9] CDC November 19: | Variants[10] CDC November 4: |
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Deaths | |
Weekly Deaths vs. % Positivity [11] CDC November 20: | Weekly Deaths vs. ED Visits [12] CDC November 20: |
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LEGEND
1) ★ for charts new today; all others are not updated.
2) For a full-size/full-resolution image, Command-click (MacOS) or right-click (Windows) on the chart thumbnail and “open image in new tab.”
NOTES
[1] (CDC) Good news!
[2] (CDC) Last week’s wastewater map.
[3] (CDC Variants) XEC takes over. That WHO label, “Ommicron,” has done a great job normalizing successive waves of infection.
[4] (ED) Down.
[5] (Hospitalization: NY) Leveled out.
[6] (Hospitalization: CDC). Actually improved; it’s now one of the few charts to show the entire course of the pandemic to the present day.
[7] (Walgreens) Down.
[8] (Cleveland) Down.
[9] (Travelers: Positivity) Leveling out.
[10] (Travelers: Variants). Positivity is new, but variants have not yet been released.
[11] Deaths low, positivity leveling out.
[12] Deaths low, ED leveling out.
Stats Watch
Inflation: “United States Consumer Price Index (CPI)” [Trading Economics]. “Consumer Price Index CPI in the United States decreased to 315.49 points in November from 315.66 points in October of 2024. The annual inflation rate in the US rose to 2.7% in November, from 2.6% in October and matching markets expectations. On a monthly basis, the CPI increased by 0.3%, the most since April,
Manufacturing: “Boeing wins $450.5M contract for Japan’s F-15 Super Interceptor upgrades” [Aerotime]. “Boeing has been awarded a $450.5 million contract by the US Air Force (USAF) to support the F-15 Japan Super Interceptor Program. Under this contract, , Boeing will acquire the systems needed to upgrade the Japan Air Self-Defense Force (JASDF) F-15J fleet.” • Industrial policy….
Manufacturing: “Boeing Stock Is Taking Off. Here’s Why.” [Barron’s]. If you play the ponies…. “Wall Street expects Boeing to reach 360 deliveries for all of 2024, according to FactSet. That isn’t enough to make money. At the start of 2024, before the door plug incident, Wall Street projected 2024 deliveries of about 700 jets and net income of about $3.5 billion. The Street has since revised that estimate to a loss of $8.9 billion. Tuesday’s gains leave Boeing shares down about 37% for the year and about 34% since the Alaska Air incident. Shares were up about 1% from just before the strike, when 737 MAX production was paused.”
Manufacturing: “Is China ready to take on Airbus and Boeing? Not just yet” [Business Times]. “One of its selling points [of the COMAC C919] is that it is more environmently friendly than its European and American counterparts. Comac designed its C919 with environmental sustainability as an objective – the jet made its first commercial flight on sustainable aviation fuel (SAF) in September. The biofuel can be made from algae or agricultural, forestry, food or even municipal waste. It is claimed to cut carbon emissions by up to 80 per cent compared with petroleum-based jet fuel. It has been reported that GallopAir, a Brunei-based startup airline, has placed an order for the C919. Vietnam Airlines, Indonesia’s TransNusa, Air Asia and Brazil’s Total Linhas Aereas have expressed interest.” • “919” reminds me of “707,” but 9 is an auspicious number in China.
Today’s Fear & Greed Index: 51 Neutral (previous close: 48 Neutral) [CNN]. One week ago: 56 (Greed). (0 is Extreme Fear; 100 is Extreme Greed). Last updated Dec 11 at 1:27:47 PM ET.
Healthcare
Clarifying:
‘No matter how ruthlessly’. That should work both ways then. pic.twitter.com/VFLO253yFy
— Priyamvada Gopal © (@PriyamvadaGopal) December 10, 2024
Talking of “ranging from absurd premises”….
“Luigi Mangione’s Full Story Isn’t On-line” [New York Magazine]. “[W]hat’s most placing about Mangione’s intensive on-line file is that, had it been compiled earlier than the taking pictures befell, it wouldn’t have raised a lot alarm. You’ll be able to spend hours studying these posts, sifting via his follows, and searching for clues about what Kind of Man he’s, however the supportable theories are fairly skinny: Mangione had a web based profile consonant along with his id and context. He shared and posted and adopted like a 20-something striver with a foot within the tech business, listened to Rogan, and thought of himself a rationalist or a minimum of unusually rational.
Class Warfare
News of the Wired
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