Schools will be closed

Santa Clara County meeting that exposed 40 principals to coronavirus raises red flags

When the school principals have no clue then we will not be opening schools.

Central banking is a foul architecture

What Went Wrong In 1971

Includes a web site of all the manners in which Powell taxes the middle class then lies about it.  The main problem with the gold standard is socialism in the metals industry, it does not work.

In any event the kids learn why central backs have fouled up in the past and demand loss recognition otherwise the kids get stuck with the bill. If we would recognize this then we could default more carefully. Te abrupt Nixon Shocks happen due to the 'This time is different' syndrome. We need a 'This time is about the same as last time'.

Until the next mass shooting

New Polls: Trump Leads By Four In Texas — And Arizona

Adam Burnett is a make stuff up pundit

Rooting for Failure: MSNBC Brings On Pelosi to Trash Great Jobs Report

Adam Burnett

He is likely right to criticize MSNBC, I never listen to the talking heads. But has has no evidence to say the jobs report was great. The evidence is that the BLS is still trying to get their coefficients stable, and the employer-employee relationship is very tentative in the face of covid.

So, like many bonehead pundits before him, he jumps out with his priors before the data settles.


Some economists get it right:


Thursday's jobless data failed to capture the latest devastation, economists say.

Desanctus is an illiterate dummy from National Review

second, that phrases like “women’s health-care decisions” and the “constitutional right to choose” are euphemistic enough to avoid acknowledging that the choice in question involves killing a distinct, living human being.

ALEXANDRA DESANCTIS cannot read.

Killing  distinct human being is protected under common defense. Cops do it, private citizens do it, we kill toddlers and old women in sefl defense, legal and happens all the time.

If Desanctis doesn't like it then I suggest he urge to state to produce aquarium farms where the fetuses can be held, like juvenile detention.

If not, then screw you Desanctus. You are trying to make a Ghost and Goblin story about a clear distinctive right in the Law, we have the right of self defense, appears in at least two of the amendments if not three. Desamctus is free to perform voodoo on my reading and accuse me of debauchery, fine. But do not tell me that you can choose sides in the right of self defense, neither you nor the Constitution has the power to rule by voodoo.

So let me repeat, screw you Desanctus, you are another of the Ghost and Goblin crew at the National Review.

The Jews dunnit?

Anti-Semitic hate crimes rise in California, but overall hate crimes decline

Cowardly UC economics professors

Police unions’ power wanes, but how about teachers?

If, therefore, we condemn the unhealthy relationship between police unions and politicians, we should subject other public employee unions to the same critical scrutiny.
Take, for instance, what happened last week as the Legislature was adopting a flurry of “trailer bills” to the state budget.
These bills, drafted secretly and enacted quickly, are often used as vehicles to pass major policy changes that would be difficult to make if they had to go through the formal legislative processes.
The state’s powerful education unions, led by the California Teachers Association, greatly benefit from three provisions in the “omnibus education trailer bill.” One prohibits school districts from laying off teachers, the second places a de facto cap on charter school enrollments, and a third dilutes transparency and accountability for educational outcomes.

Notice that Dan Walters has to do the job of analyzing the California boom and bust cycle.  I have no ides why we have UC economics, none whatsoever., They have never done their job in California. All they do is flat earth, except a few, maybe.

See ya later Jaredalater

President Trump has told people in recent days that he regrets following some of son-in-law and senior adviser Jared Kushner's political advice — including supporting criminal justice reform — and will stick closer to his own instincts, three people with direct knowledge of the president's thinking tell Axios.
Behind the scenes: One person who spoke with the president interpreted his thinking this way: "No more of Jared's woke s***." Another said Trump has indicated that following Kushner's advice has harmed him politically.

Between Trump's 'woke' son-in-law and Biden's obligatory affirmative action pick, my chihuahua is looking better and better.  Write in: Little Missie Poo Poo Butt. he will find the sewage back there, and her best fan is a bull dog.

Research report

\Research report I found. 

Perhaps this lower discount rate for government debt increased its value, just as higher expected surpluses or growth would do

The total timeline, since 1980,  says today's discount rate is always greater than tomorrow's. Today might be the exception. The total timeline also says growth decreases under disinflation, until today that is. Today we are dealing with a fairly lengthy deflation push that might take two more quarters to exit. In real terms, the current rate on the ten year not might be worth holding in a deflationary environment. The cheap rats also include a bit of siegniorage tax avoidance, that otherwise hits the middle class banking account in fees and rates..

But that mostly assumes we have a complete cycle, and the data in the report likely misses out on the seven year post Nixon Shock. I didn't read it it, it was a vector moving average process good for flat periods.

The structural model says we have to go through an economy of scale translation. That means declaration of losses from the past.

Look who wants special police protection

Seattle Mayor Moves to Expel Wacky Socialist Councilwoman Who Led Protest to Her House

I am reminded of the Minneapolis city council hiring their own private force. Everyone wants just enough cops, and no more.