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Post by mhbruin on Aug 15, 2022 8:27:51 GMT -8
I lost my job as a stage designer. I left without making a scene.
When is a Recession Not a Recession?
The American economy didn’t get the memo that it’s supposed to already be in a recession.
The brutal GDP report released on July 28, showing the economy had contracted for a second quarter in a row, led some to insist the much-feared recession had already arrived.
A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. U.S. retail sales rose 1.0% in June according to the Commerce Department, with consumers spending more across a range of goods including gasoline, groceries, and furniture.
The good, the bad and the unknown of the inflation news
And in some ways that makes sense: Since 1948, every period of back-to-back quarters of negative growth coincided with a recession.
But the recession-is-already-here argument has been severely undermined since that GDP report came out. A series of events in the past 10 days suggest those recession calls are, at a minimum, premature.
Yes, the economy is cooling off after last year’s gangbusters growth. But no, it does not appear to be suffering the kind of downfall that would qualify as a recession.
Consider the following developments:
-The economy added more than half a million jobs in July alone.
-The unemployment rate dropped to 3.5%, tied for the lowest level since 1969.
-Inflation chilled out (relatively speaking) in July for both the consumers and producers.
-Gas prices tumbled below $4 a gallon for the first time since March.
-Consumer sentiment has bounced off record lows.
-The stock market notched its longest weekly winning streak since November.
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Post by mhbruin on Aug 15, 2022 8:30:53 GMT -8
IKEA Shoppers Running for the Exits. Maybe They Ran Out of Swedish Meatballs
Panicked shoppers rushed for the exits at an Ikea branch in Shanghai on Saturday after city health authorities ordered the store to lock down after a close contact of a Covid-19 case was traced to the location.
Multiple videos on social media showed customers yelling and pushing each other in an attempt to escape the building before the doors closed.
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Post by mhbruin on Aug 15, 2022 8:34:10 GMT -8
Apparently Even Spineless Jackasses Have to Testify
A federal judge on Monday denied Sen. Lindsey Graham's effort to quash a subpoena seeking his testimony in an investigation into possible 2020 election interference in Georgia by former President Donald Trump and others.
In a 22-page order, U.S. District Court Judge Leigh Martin May in Atlanta rejected Graham's arguments against having to testify before a special grand jury, including his contention that the speech and debate clause of the Constitution shields the South Carolina Republican from providing testimony.
Graham's lawyers had argued that a post-election phone call Graham made to Georgia Secretary of State Brad Raffensperger in November 2020 had a legislative purpose and therefore was covered by the clause.
The judge also rejected Graham's argument that sovereign immunity protects him from having to testify because he's a sitting U.S. senator.
"If the court were to accept Senator Graham’s sovereign immunity argument, it would mean that U.S. senators would not be required to testify before state grand juries no matter the circumstances," May wrote. "The law would give them complete immunity based solely on their status as federal officials."
Lastly, the judge said Graham's reasoning for being exempt from testifying because he's a high-ranking official also doesn't hold weight. Fulton County District Attorney Fani Willis has shown "extraordinary circumstances" necessitated the testimony of Graham, who has "unique personal knowledge about the substance and circumstances of the phone calls with Georgia election officials, as well as the logistics of setting them up and his actions afterward," May said.
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Post by mhbruin on Aug 15, 2022 8:35:23 GMT -8
How About a Round of Shots?
British drug regulators have become the first in the world to authorize an updated version of Moderna’s coronavirus vaccine that aims to protect against the original virus and the omicron variant.
In a statement on Monday, the Medicines and Healthcare Regulatory Agency said it had given the green light to Moderna’s combination “bivalent” vaccine, which will be used as an adult booster shot.
Each dose of the booster shot will target both the original Covid-19 virus and the omicron BA.1 variant that was first picked up in November. British regulators said the side effects were similar to those seen for Moderna’s original booster shot and were typically “mild and self-resolving.”
“What this (combination) vaccine gives us is a sharpened tool in our armory to help protect us against this disease as the virus continues to evolve,” said Dr. June Raine, the head of Britain’s health care and medicines regulator.
Such an approach is used with flu shots, which are adjusted each year depending on the variants that are circulating and can protect against four influenza strains.
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Post by mhbruin on Aug 15, 2022 8:42:33 GMT -8
The Raid: The Gift that Keeps on Giving
With the Mar-a-Lago raid gobbling up the news bandwidth, the QOP isn't able to get their message out. They want to be shouting, "Inflation! Inflation! Inflation!".
Instead we are getting tons of coverage of previous guy's ever-changing defenses as well as "Defund the FBI" and "Repeal the Espionage Act". Those two slogans are guaranteed to lose the swing vote.
It isn't a total blessing for the Dems. The raid drowned out the news of the passage of the IRA, although Biden has the option of when he wants to do the signing ceremony.
The repeal of Roe was one hit to the QOP. The long life of this story is another.
If there are more attacks on FBI offices or agents, it will be a terrible thing. The QOP needs to STFU, or they may find the violence hung around their necks.
Apparently the QOP is More Worried About Looking Bad Than Violence Against the FBI
Republicans on the House Intelligence Committee held a press conference on Friday, before the release, in which they continued to cast the search as politically motivated.
But even some Intelligence Committee Republicans who participated struck a more measured tone in interviews afterward.
And according to the New York Times, Trump allies have told top Republicans to tone down their criticism of the Justice Department "because it is possible that more damaging information related to the search will become public.
Previous Guy Continues Inciting
Former President Donald Trump intensified his bashing of the FBI on social media over the weekend with his own comments and those of QAnon followers calling the bureau a “criminal enterprise,” “corrupt,” seditious and abusive.
Trump, in likely the ugliest public attack on federal law enforcers by any president or former president in American history, launched a fresh tirade on his Truth Social platform late Saturday into Sunday to blast the FBI’s search last week of his Mar-a-Lago resort to collect boxes of White House documents that should have been surrendered to the National Archives when he left office.
Trump insisted that the FBI has a “long and unrelenting history of being corrupt.” He also called the search a “sneak attack on democracy,” and referred in a post to “great simmering anger” over the action, which he characterized as a “break in.”
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Post by mhbruin on Aug 15, 2022 8:46:49 GMT -8
A Note to All the Mercenaries Reading This: Don't Post Photos With Your LocationThey literally posted a picture with the address of the building! Russian sources published photos of Wagner mercenaries carrying out dead and wounded from the building.
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Post by mhbruin on Aug 15, 2022 8:49:58 GMT -8
And How Many Paper Shredders and Burn Bags Did They Have
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Post by mhbruin on Aug 15, 2022 8:53:32 GMT -8
To Quote Joe Biden, "This is a big fucking deal!"
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Post by gainsborough on Aug 15, 2022 8:54:58 GMT -8
If the GOP has truly morphed into the QOP - as you seem to imply - then the shootings are not a bug but a feature.
If the QANON crowd cannot achieve their objectives via political power, they want a war. The pols who formerly led what was known as the Republican Party have shown little or no backbone, and they are now in the process of being swept away by the violent members of what was formerly known as "the fringe." What will Lindsay Graham et al do when the shooting starts?
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Post by mhbruin on Aug 15, 2022 9:01:46 GMT -8
The Two Big Questions
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Post by mhbruin on Aug 15, 2022 9:02:01 GMT -8
The Never Ending Story
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Post by mhbruin on Aug 15, 2022 9:08:06 GMT -8
The Odor of Dead Fish is Coming From the Oder. Oh, Dear!After Polish anglers removed tons of dead fish from the Oder River bordering Germany, the die-off has been labeled an "ecological disaster." But what's to blame?Experts are still trying to determine the cause of death of thousands of fish last week in the Oder River that borders Germany and Poland, this time in the vicinity of the eastern city of Frankfurt (Oder). The reports came just two weeks after Polish anglers reported removing tons of dead fish from the Oder near the town of Olawa, about 300 kilometers (186 miles) upstream from the current fish die-off. At the time of the reports in Poland, water authorities based in the nearby Polish city of Wroclaw detected a toxic substance in two locations on the Oder that is likely the solvent mesitylene, which is known to have a toxic effect on fish. However, subsequent tests have shown no trace of the substance. Mercury was also identified as a potential culprit for the more recent die-off. But Polish Environment Minister Anna Moskwa said on Sunday that "completed fish tests for mercury and heavy metals" proved to be negative. Lab tests did show high levels of salinity in the water. Local authorities have warned residents, along with their pets and livestock, not to touch the river water.
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Post by mhbruin on Aug 15, 2022 9:17:33 GMT -8
Waiting For That New Drug? Better Get Out Your Checkbook...And Consider a Second Mortgage.
Drugmakers are launching new medicines at record-high prices this year, a Reuters analysis has found, highlighting their pricing power even as Congress moves to cut the $500 billion-plus annual bill for prescription drugs in the United States. At the same time, some pharmaceutical manufacturers are disclosing less information about the pricing of those treatments, which have come under greater scrutiny in recent years, Reuters found.
"In the U.S. we allow drug manufacturers to freely set prices for all brand-name drugs," Dr. Aaron Kesselheim, professor of medicine at Harvard Medical School and Brigham and Women’s Hospital, told Reuters.
The median annual price of 13 novel drugs approved for chronic conditions by the U.S. Food and Drug Administration so far this year is $257,000, Reuters found They were in good company: seven other newly-launched drugs were priced above $200,000. Three other drugs launched in 2022 are used only intermittently and were not included in the calculation.
Last year, the median annual price rose to $180,000 for the 30 drugs first marketed through mid-July 2021, according to a study published recently in JAMA.
While the Reuters tally does not completely replicate the work of that study, it shows that the direction of new drug prices continues to be on the rise.
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hasben
Resident Member
Posts: 1,047
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Post by hasben on Aug 15, 2022 9:19:47 GMT -8
The Odor of Dead Fish is Coming From the Oder. Oh, Dear!
No doubt one of the local friendly businesses that dumped toxic waste that killed fish and may kill people to save a few bucks on proper disposal. Business as usual worldwide.
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