Canada Suspends Extradition Treaty With Hong Kong, Slams “Secretive” New Law

In massive new fallout two days after China’s new Hong Kong national security law went into effect, Canada announced Friday it will suspend its extradition treaty with Hong Kong. This effectively opens the door for Hong Kong democracy activists, who might potentially find themselves “wanted” by pro-Beijing authorities and accused of crimes, to seek out […]

What should I ask Nicholas Bloom?

I will be doing a Conversation with him, so what should I ask?  Here is part of his official bio: Nicholas (Nick) Bloom is the William Eberle Professor of Economics at Stanford University, a Senior Fellow of SIEPR, and the Co-Director of the Productivity, Innovation and Entrepreneurship program at the National Bureau of Economic Research. […]

“The American Government Still Owes A Debt”: Reparations Bill Gaining Steam In House

Authored by Ben Wilson via, Representative Sheila Jackson Lee (D-TX) on Wednesday called for the passage of a bill to study slave reparations and how distribution would occur. Originally proposed in Jan. 2019, the bill has gained traction since the killing of George Floyd. The Commission to Study and Develop Reparation Proposals for African-Americans Act would investigate if […]

Walmart Transforming 160 Parking Lots Into Drive-In Movie Theaters

In May, readers may recall we said social distancing would revive drive-in movie theaters in a post-corona world. And boy, were we right.   A press release via Walmart on Wednesday (July 1) said, “Walmart is transforming 160 of its store parking lots into contact-free drive-in movie theaters where customers can safely gather to watch movies programmed […]

Succinct Summation of Week’s Events for 7.3.20

Succinct Summations for the week ending July 3rd, 2020. Positives: 1. Second half begins on positive note, with Markets gaining for the week.2. Nonfarm payrolls rose 4.8M m/o/m, above expectations.3. Unemployment rate fell to 11.1% in June, down from last month.4. Private payrolls rose 4.767M m/o/m, above expectations.5. Pending home sales rose 44.3% m/o/m, above […]

Deconvexifying the car, car feature markets in everything

…BMW is planning to move some features of its new cars to a subscription model, something it announced on Wednesday during a briefing for the press on the company’s digital plans. …now the Bavarian carmaker has plans to apply that model to features like heated seats. BMW says that owners can “benefit in advance from […]

Heat Wave To Bake Significant Parts Of US Through Mid-July  

Extreme temperatures, mostly in the mid/the high 90s, are expected for the first half of July for much of the U.S., reported The Weather Channel.  These hotter-than-usual temperatures have already begun this week and will bake a significant part of the country this holiday weekend, with elevated temperatures forecasted through the midpoint of the month.  Current weather models show a […]

Prices Are Going To Rise… And Fast!

Authored by Alasdair Macleod via, With stock-markets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually dire, and any hope of a V-shaped recovery is wishful thinking or just brokers’ propaganda. But […]

Are Uncivil Protests And Mob Violence Winning?

Authored by Patrick Buchanan via, The Seattle Commune is no more. Declared three weeks ago by radical leftists as CHAZ, the Capitol Hill Autonomous Zone, rechristened CHOP, the Capitol Hill Occupation Protest, the six-block enclave inside Seattle ceased to exist July 1. The cops shut it down. As Marx said, history repeats itself, first […]

Why College Students May Qualify for Special Covid Pandemic Aid

High school and college students whose summer jobs fell through because of the pandemic may qualify for jobless benefits under a special federal program. But getting the funds is harder in some states than in others. Traditional unemployment insurance — a joint federal-state program funded by taxes on employers — usually leaves out students. But […]

How Investors Are Addressing Racial Injustice

Socially responsible investing has been putting billions of dollars to work for social change for decades. In some cases, the strategy means avoiding certain sectors. Religious organizations, for instance, steer clear of alcohol, firearms, tobacco and other “sin” stocks. Some investors focus on companies that are already socially responsible to help them thrive, while starving […]

Links 7/3/2020

Yves here. We are on a holiday schedule through Monday. I nevertheless am busy with eldercare matters (interviewing new agencies, gah) which is why no original posts today. Hope your holiday is fun or at least restful. A ‘Viral’ New Bird Song in Canada Is Causing Sparrows to Change Their Tune Gizmodo (David L) Elk […]

1958 Land Rover 109 Series II 4×4

So, I am getting a little bored with the Orange monster. We haven’t really had snow in a while, and there is only so much beach driving one can do. (If I lived in Arizona, I could spend some insane weekends rock crawling). I also love the idea of replacing a depreciating asset with a similar, […]

Tales from Trinidad barter markets in everything

One of my favorite countries, this is from the newspaper: DESPERATE to get his taxi badge, a man bought a $500 used typewriter and donated it to the Licensing Office… The seller, who asked not to be named, wrote: “So funny story. I had a typewriter for sale on Facebook marketplace for some time. I […]

Combining life insurance and health insurance

Why not internalize the relevant externalities by bringing the two together?: We estimate the benefit of life-extending medical treatments to life insurance companies. Our main insight is that life insurance companies have a direct benefit from such treatments because they lower the insurer’s liabilities by pushing the death benefit further into the future and raising […]

Thailand Monkey Wars Escalate As Rival Gangs Force Locals To Flee Homes

Monkeys in the Thai city of Lopburi have become particularly aggressive since coronavirus lockdowns significantly cut into the supply of treat-throwing tourists which had been feeding the city’s wild macaques. The monkeys, numbering in the thousands, have set up shop in an abandoned local cinema – brawling with each other when they aren’t aggressively attacking […]

San Francisco Rent Drops Most On Record As People Flee For Suburbs

Readers may recall, as early as March, city dwellers in California fled to suburbs and remote areas to isolate from the virus pandemic. The proliferation of remote work arrangements has led this shift to become more permanent.  At first, the exodus out of the city was due to virus-related lockdowns, then social unrest, and now it appears a steady […]

Left-Wing CHOP Zone Responsible For 525% Spike In Seattle Crime

Authored by Paul Joseph Watson via Summit News, After characterizing the infamous CHOP area of downtown Seattle as a “summer of love,” Mayor Jenny Durkan was eventually forced to acknowledge that the failed communist experiment was responsible for a whopping 525 per cent spike in crime. As we highlighted yesterday, following weeks of violence and chaos, […]

Has E.T. Gone Home?

There is some controversy as to whether World UFO Day falls on June 26 or July 02 with people seemingly celebrating it on both days. The occasion is an awareness day for UFOs coinciding with the Roswell incident’s anniversary; and, as Statista’s Niall McCarthy notes, it is getting increasingly popular as UFOs have been making […]

Judge Orders Jeffrey Epstein Accuser To Destroy Files

Jeffrey Epstein accuser Virginia Giuffre has been ordered by a US District Judge to destroy files believed to contain the names of Epstein’s associates – because they were “improperly obtained.’ Epstein associates Bill Clinton, Ehud Barak, Prince Andrew and Les Wexner Senior US District Judge Loretta Preska said on Wednesday that Giuffre’s attorneys would need […]

Celente: “If We Don't Restore Freedom, America Is Dead”

Via Greg Hunter’s, Gerald Celente, a top trends researcher and Publisher of The Trends Journal, declared back in March that the “Greatest Depression” had already started.  Now, he says politicians who are power tripping “imbeciles and freaks out of their minds” closed down the economy for political gain in an attempt to stop President Trump […]

UMass Nursing Dean Fired For Saying “Everyone's Life Matters”

Authored by Jonathan Turley, We have been discussing the growing fear of professors and students over the loss of free speech on campuses for years, but recently those concerns have been greatly magnified with the investigation or termination of professors for expressing opposing views about police abuse, Black Lives Matter movement or aspects of the protests following the killing […]

COVID Kills 46,000 Jobs In Downturn Baltimore

The economic realities that a V-shaped recovery is not possible in the back half of 2020 are being realized in Baltimore’s downtown area. The Downtown Partnership of Baltimore (DPOB) published its annual State of the Downtown report on Tuesday and there are new concerns the COVID-19-induced recession will have long-lasting impacts.  Baltimore Downtown map  “The areas that were impacted, as […]

Business Cycle Indicators as of July 2

Nonfarm payroll employment continues to rise in June (although it remained over 10% below peak, in log terms). Here is a graph of some key variables tracked by the NBER’s Business Cycle Dating Committee. Figure 1: Nonfarm payroll employment (blue), industrial production (red), personal income excluding transfers in Ch.2012$ (green), manufacturing and trade sales in […]

Trump’s Virus Is Spreading, and His Economy Is Stalling

Just over two weeks ago The Wall Street Journal published an opinion piece by Vice President Mike Pence titled “There Isn’t a Coronavirus ‘Second Wave.’” The article was supposed to reassure the nation. What it provided, instead, was a clear illustration of the delusions and magical thinking that have marked every step of the Trump […]

2:00PM Water Cooler 7/2/2020

By Lambert Strether of Corrente. Patient readers, stories keep popping up right before I’m going to post that I have to put together, in this case the arrest of Epstein’s madame, Ghislaine Maxwell (see below). I’ll fill in some blanks in a bit. –lambert UPDATE All done. Sorry for the delay. #COVID19 At reader request, […]

Deutsche Bank May Offer Wirecard a Lifeline

BERLIN — Two weeks after the spectacular crash of the German fintech giant Wirecard, Deutsche Bank said Thursday it was open to provide emergency financing to help keep the company functioning, even as its former chief executive is out on bail and his top aide is hiding from the authorities. “We are, in principle, prepared […]

Law Prof Wants To Scrap US Constitution's “Racist” And “Gendered” Language

Authored by Maria Copeland via Campus Reform, A law professor is calling for changes to the “outdated” language of the Constitution.  Richard Albert, a professor of law and government at the University of Texas-Austin, denounced the Constitution in an op-ed for The Hill published Tuesday, saying that “its gendered and racist words stand in the way of true […]

Moderna Tumbles On Report Of Delayed COVID Vaccine Trial

Moderna shares are down 7% following headlines that its virus vaccine trial has been delayed… A 30,000-patient trial of Moderna’s coronavirus vaccine candidate, expected to start next week, has been delayed, investigators say, while stressing a start later in the month is still possible. — STAT (@statnews) July 2, 2020 MRNA back to its […]

PG&E Exits Bankruptcy: Here's How To Trade It

Submitted by Adventures in Capitalism, PG&E Corporation (PCG – USA) is an industry leader in arson and manslaughter. They also do something with electricity. PCG filed for bankruptcy in January of 2019 after they were unable to pay billions in claims. To call the bankruptcy process a klusterfuk, is generous to all involved. However, that’s […]

Adam Schiff Knew About 'Russian Bounty' Intel Months Ago, Did Nothing

Rep. Adam Schiff (D-CA) was briefed on unverified intelligence that Russia was offering the Taliban to kill US soldiers in Afghanistan – yet did nothing with that information, according to The Federalist. Schiff, who chairs the House Intelligence Committee, was a key player in the attempt to remove Trump from office – first claiming he […]

$40 Oil Isn't Enough To Prevent A Wave Of Shale Bankruptcies

Authored by Tsvetana Paraskova via, The coronavirus pandemic and the oil price collapse are accelerating the pace of bankruptcy filings in the U.S. shale patch this year. The number of filings had already started to trend up in 2019 after a drop in prices in Q4 2018, but this year, the U.S. energy industry […]

New evidence that amino acid mutations matter for contagiousness

It seems the virus mutated in Europe and became significantly more contagious (though not more dangerous per unit dose): The Spike D614G amino acid change is caused by an A-to-G nucleotide mutation at position 23,403 in the Wuhan reference strain; it was the only site identified in our first Spike variation analysis in early March […]

British Court Refuses To Release Venezuelan Gold To Maduro

18 months ago, the ‘virtue-signaling’ Bank of England stuck a knife between the ribs of Venezuela’s embattled socialist leader, Nicolas Maduro, a former bus driver and anointed successor of Huge Chavez who managed to cling to power last year despite a Western-backed coup attempt led by opposition leader Juan Guaido, whose government was officially recognized […]