100K airline jobs facing elimination due to Wuhan panic shut downs

The beatings will continue until morale improves: Because of the panic over the Wuhan flu, the airlines are contemplating eliminating more than hundred thousand jobs as well as shrinking their fleets.

Unable to cut jobs or salaries while receiving grants to cover payroll, airlines will staff their typical summer peak largely as usual, even with millions of fewer travelers. But come fall, it could get ugly for employees. “We’re going to be smaller coming out of this,” Delta Chief Financial Officer Paul Jacobson told employees last month. “Certainly quite a bit smaller than when we went into it.”

The reversal of fortune comes as a shock for an industry that just last year was breaking passenger traffic records. Last week, the average number of U.S. daily passengers declined 96%, to 95,531, compared with 2.39 million last year, according to Transportation Security Administration data compiled by Bloomberg. United shares fell Monday after it gave a snapshot of the industry bloodbath triggered by the pandemic, projecting a $2.1 billion loss in the first quarter. Delta, American and Southwest Airlines Co. will release their earnings in the coming days.

Such anemic demand means that anything less than a robust rebound over the coming months will prompt airlines to cut more employees, jettison older aircraft and cut more salaries, which in turn could persuade more workers to depart. During the past two months, at least 87,000 employees—more than one quarter of the Big Three airlines’ workforce—have taken voluntary leaves, early retirement or reduced work hours.

Carriers face “the worst cash crisis in the history of flight,” with booked revenues down 103% year over year, according to industry lobby Airlines for America. Domestic flights are averaging just 10 passengers while international flights average 24, the group said. “We could see the airlines look to shed 800 to 1,000 aircraft, which could result in a reduction of 95,000 to 105,000 airline jobs.”

In this case, the government shut downs only have had an indirect effect. By panicking and overstating the threat from COVID-19, the authorities and the press have made people terrified of flying. Even if the shutdowns end, the airlines will not recover until the public decides it is safe to fly again.

Rural hospitals in eastern Washington state face bankruptcy

The beatings will continue until morale improves: Because the state government’s panicked reaction to the Wuhan virus resulting in a banning of almost all procedures, rural hospitals in eastern Washington state now face financial collapse, bankruptcy, and possible closure.

With the state’s support, federal aid and advanced Medicare loans, the critical access hospital will be able to stay afloat – for now. But the financial impact of COVID-19 on Washington state’s rural hospitals cannot be understated. “This is unprecedented. There’s no way you could be financially prepared for this,” Jacqueline Barton True, vice president of rural health programs at the Washington State Hospital Association, said. “This sort of financial devastation is not something that we could have prepared for, and I have a lot of concerns about what happens if help doesn’t come soon enough.”

Some rural hospitals have received their first installment of funds from the federal CARES Act. Those payments are about $400,000 to $600,000 on average for smaller hospitals, according to WSHA.

Despite having a robust way for most rural hospitals to access community taxpayer support through the public hospital district model, rural hospitals in Eastern Washington are losing money on a daily basis as they balance pandemic preparations with canceled elective surgeries, primary care or patient therapy.

The article is long, outlining in frightening detail the impending collapse of the entire rural hospital network. The bottom line however remains the same: The state government arbitrarily decided that most medical procedures were “non-essential” and banned them so that the hospital would not be overwhelmed by Wuhan flu patients.

Those patients have never arrived in the feared numbers however. Instead we are looking at a normal flu season, when you combine coronavirus with flu cases. Lacking the revenue stream from all other cases, the hospitals are losing money and face bankruptcy.

Price of oil crashes, goes negative

The beatings will continue until morale improves: Due to the crash in demand due to the government-imposed Wuhan panic shutdowns, oil producers, who can’t turn off their oil wells, have run out of storage space and are now forced to pay others to take the oil off their hands, thus sending the price of oil into negative numbers.

Physical demand for crude has dried up, creating a global supply glut as billions of people stay home to slow the spread of the novel coronavirus. West Texas Intermediate crude for May delivery fell more than 100% to settle at negative $37.63 per barrel.

Meanwhile, international benchmark, Brent crude, which has already rolled to the June contract, traded 8.9% lower at $25.58 per barrel.

While this crash is indicative of the entire crash of the economy, in the near long term it might be a good thing. If the government ever decides to release us from house arrest and people decide it is time to go back to normal, the low price of oil will help stricken businesses get back on their feet.

Then again, there is a very big “if” in that last sentence. I see no indication that our fascist state governors, especially in states run by Democrat governors, have the slightest interest in ending the shut downs. They like the almost absolute power it has given them over everyone, and that absolute power is corrupting them quite effectively. They might be making noises about “easing” the restrictions, but that is only political dishonesty. The bottom line will remain: They are now in control of everything everyone does, and have the right to give or take, as they please, whenever they please.

Social distancing and lockdowns killing craft beer industry

The beating will continue until morale improves: The new normal of “social distancing”, combined with the government-imposed lock downs, threatens to bankrupt the craft beer industry nationwide.

As much as 15% of craft breweries expect to close by the end of the month if social distancing remains in place, according to a national survey from the Boulder-based Brewers Association, and more than 60% don’t expect to survive beyond June.

If applied to Colorado — which now counts about 420 breweries — the projections suggest 250 would close by summer. That would represent a huge dent for an industry woven into the state’s identity and one that contributes more than $3 billion a year to the state’s economy.

Our society, our culture, our economy, and even the human race itself cannot survive if we accept the premise that no one can ever be closer than six feet to another. It isn’t practical, and it certainly isn’t sane.

Disney to furlough 100K employees because of government-imposed shut downs

The beatings will continue until morale improves: Disney is stopping the salaries of hundred thousand employees this week due to the shut downs imposed upon it by our panicked government over COVID-19.

The company says it will still provide full healthcare benefits for those employees, for the moment.

Once again, the shuttering of the Disney theme parks ripples out into the entire local economy. It isn’t just these employees who are now out of work, it is the hotel, transportation, and restaurant employees whose businesses served the same tourist customers.

Will the theme park entertainment come back? Unknown, I’d say, because the fear being pounded into everyone to “social distance,” to an absurd level, might mean that tourists will no longer feel comfortable visiting such venues.

Bankruptcy for Neiman Marcus because of government-imposed shutdown

The beatings will continue until morale improves: Neiman Marcus to file for bankruptcy, furlough 14,000, due to government-imposed shutdown because of the Wuhan panic.

Neiman Marcus Group, one of the largest retailers in the United States, is reportedly ready to file bankruptcy amid the COVD-19 pandemic after defaulting millions in bond payments last week and furloughing 14,000 employees.

Neiman Marcus would become the first major US department store to crumble amidst the economic set backs from the coronavirus outbreak. Reuters reported the company had few options after the coronavirus spurred lockdowns that shuttered non-essential businesses, including all 43 of their stores. This includes Last Call stores and its two New York City Bergdorf Goodman department stores.

And yes, I know it was already struggling, as are many brick-and-mortar department stores because of the shift to online shopping. The government over-reaction to the Wuhan virus however has done a great job of pushing the company over the edge, killing it.

As with any failure like this, the consequences will ripple outward far beyond the loss of this one company. The lost jobs will mean people will not have money to spend, so other businesses will suffer. The downward spiral will only get worse.

Want to know what it was like to live in failing socialist societies like the Soviet Union and Venezuela? You are now getting the chance. In our case the government has apparently bypassed the direct takeover of industry and the economy where it would over a few years run the society into bankruptcy. Instead, it decided to destroy everything by edict, all in one blow.

Unprecedented wave of evictions coming due to Wuhan panic

The beatings will continue until morale improves: Based on court filings, authorities in Oklahoma expect an unprecedented number of rental evictions in the coming months due to the government-imposed business shut downs and resulting unemployment.

Attorneys and academics told The Oklahoman a moratorium on eviction hearings, once ended, will be followed by a wave of evictions creating a homeless population not seen since the Great Depression.

…The state’s unemployment rate hit record levels within weeks of the outbreak, with first-time claims on unemployment insurance up by nearly 800%. Nearly 100,000 Oklahomans, more than the entire population of Edmond, filed initial claims in the past two weeks. “I don’t see how these people are going to be able to pay their bills,” [said Richard Klinge, director of the Pro Bono Eviction Assistance Program at Oklahoma City University]. “It’s a tsunami coming on the horizon as people can’t pay their rent.”

A national survey by Eviction Lab at Princeton University ranked Tulsa and Oklahoma City as cities with the 11th and 20th highest eviction rates based on 2016 data. The Pro Bono Eviction Assistance Program under Klinge has helped 650 families — more than 1,300 men, women and children — facing eviction and other landlord issues since the organization was started in 2018. That is only a fraction of total evictions the state could see this year alone.

“Before COVID-19 struck, based on filings to date in Oklahoma County, 14,000 cases would be set for Oklahoma County in 2020,” Klinge said. “That means more than 30,000 men, women and children will be facing eviction from their homes.

I remain amazed how little interest there is in the overall economic disaster that is going to bankrupt thousands of businesses and push millions out of their homes. In the end, this collapse of the economic is going to hurt (and kill) far more people that anything so far suggested possible by the Wuhan virus.

Instead, our state-run press, hawking propaganda for the government and its employees, seems only interested in reporting the possibility that government agencies might have to shrink and cut pay.

More economic disasters due to government imposed shut downs

The beatings will continue until morale improves: Below are some stories I found today describing the on-going the collapse of the economy due to the nationwide lock downs imposed by state and local governments because of their panic over the Wuhan flu.

Note how the first two stories are about the sufferings of state employees, whether in government or academia. Note too how these stories only mention as an aside the collapse of the real economy. Who cares if millions of private businesses are going under? What’s really important is that we won’t be able to grab their profits and the government will have to shrink! Horrors!

Only the last two stories are about the real crash, with only the last, buried among many other stories on RealClearPolitics, telling the true tale:

The Commerce Department said on Thursday business applications dropped 21.4% in the week ending April 11, compared with the same period last year.

…The slump in business applications comes as states and local governments have issued “stay-at-home” or “shelter-in-place” orders affecting more than 90% of Americans to control the spread of COVID-19, the potentially lethal respiratory illness caused by the virus, and abruptly halting economic activity.

At least 22 million people have filed for unemployment benefits in the last four weeks. Retail sales suffered a record drop in March and output at factories declined by the most since 1946. Homebuilding crumbled in March at a speed not seen in 36 years. Economists believe the economy contracted at its steepest pace since World War Two in the first quarter. [emphasis mine]

A 21% drop in new businesses tells us that the economy will not recover from this madness very quickly. Money is drying up, the banks are under a strain, and the economy is shrinking like a burst balloon.

The middle paragraph in the quote above is intended to justify this crash and government abuse of power by the use of the word “lethal,” thus playing up danger of the Wuhan flu, even though the evidence still shows it to be, like the flu, only a threat to the old and the sick. Like the flu, most everyone else simply fights it off with no long term consequences.

Overall U.S. death rate is at a multi-year LOW

Despite the panic over the Wuhan virus, it now appears that the overall U.S. death rate this winter season is at a multi-year low, no worse than 2014, 2016, and 2019, and far better than 2015, 2017, and 2018 (when we were hit with one of the worst flu seasons in years).

The article at the link for one example cites the totals for the first week in April:

On April 5th, the U.S. saw 1,344 COVID-19 deaths, as the number of cases in the U.S. accelerated. The overall number of deaths in the U.S., or the crude death rate did not show a correlated rise.

At the very least, this data shows we need to analyze COVID-19 deaths in the context of the broader U.S. mortality rate from all causes. It appears normal deaths are being attributed to COVID-19 if the patient is COVID-19+, even if another underlying chronic cause is responsible.

It then includes a graph showing the total deaths since 2014, plotted weekly. This year is remarkably ho-hum. The last two years were far worse. Go to the link and look at the graph for yourself if you have doubts.

Nor should anyone have ever been surprised by these numbers, even three months ago. All the evidence on the ground about COVID-19, once it had escaped from China and reliable data could begin to be gathered, suggested strongly that its general attack on humans was similar to the flu. Younger people were hardly bothered by it. Instead, it killed the old and sick. Since those people can’t die twice, it is manifestly obvious that we should have expected the overall numbers to not go up much.

Which is exactly what has happened.

Moreover, the panic over the Wuhan flu caused people to social distance themselves, which certainly acted to cause a drop in all infectious diseases. This might explain this year’s lower numbers, but it must also be noted that the drop in 2020 is not really that significant, illustrating again the pointlessness of all these preventative measures. You really can’t run from infectious diseases. They are going to spread through the population regardless. Only if it appears the disease is attacking the young should extreme measures be taken.

To put it bluntly, our elected leaders in Washington and in statehouses across the country, working in tandem with the incompetent (but well-paid) bureaucrats in Washington and with a overly emotional and partisan press willing to say any lie in order to attack Donald Trump, have caused what might turn out to be another great depression, for absolutely no reason at all.

In the process they have also acted to nullify the Constitution and the Bill of Rights, working as hard as they could to destroy the freest nation in the history of the world, and the most successful because of that freedom.

Are you enraged yet? And are you going to do something about it in November?

Wuhan panic wipes out NY restaurant business

The beatings will continue until morale improves: Because of the government shut down caused by the panic over the Wuhan virus, the entire New York city restaurant business, one of that city’s most important industries, is now facing closure and bankruptcy, with many stores boarding up their windows and going out of business.

Most restaurants are completely shuttered. Many that tried takeout and delivery ended their operations for fear of their employees and customers’ safety. Those that are still trying to make it work are unsustainably earning a fraction of what they normally would make. Federal Small Business Administration loans have yet to hit most bank accounts, and the programs have already run out of money. Even California, which is far ahead of New York in containing the virus, will reduce capacity in restaurants when the shutdown finally lifts, a move that many restaurateurs say will likely hurt businesses as they attempt to recover from the crisis.

The first sign of longer term decline is here: the boarded up storefront. Common during the lead-up to hurricanes to prevent flying debris from smashing up windows, plywood is otherwise used to minimize the risks of burglaries and looting. Will it get that bad? No owner that we reached out to would openly acknowledge it. But as the crisis drags on indefinitely, restaurants are starting to close permanently and unemployment continues to skyrocket. Some restaurateurs are taking a preventative tact in case the economic impact takes an even deeper turn.

The article talks about government help, but there isn’t enough money in the universe capable of covering these losses if the government shut downs continue much longer.

Study suggests COVID-19 death rate is far less than presently reported, comparable to flu

The uncertainty of science: A California large-scale study of COVID-19 anti-bodies in the general population has found that the infection rate for the Wuhan virus could be 50 to 85 times higher than present counts, which would mean that the death rate is actually quite low, comparable to the flu.

The results of the study are preliminary and not peer-reviewed, but the general takeaways would seem to strongly contribute to the notion that there have been a large number of COVID-19 cases that went undetected.

Due to questions over the antibody tests’ efficacy, researchers adjusted for test performance characteristics by using the test manufacturer’s data and a sample of controls tested at Stanford University. Again, the results are preliminary and the study has not been peer-reviewed, but researchers found a raw, unadjusted antibody prevalence of 1.5 percent, which was scaled up to 2.5-4.2 percent when adjusting for population and test performance characteristics.

Researchers estimate that if 2.5 to 4.2 percent of the county has already been infected, the true number of total cases in early April — both active and recovered — ranges between 48,000 and 81,000. The county had reported just under 1,000 cases at the time the study was conducted, which would mean cases are being underreported by a factor of 50 to 85. “Our findings suggest that there is somewhere between 50- and 80-fold more infections in our county than what’s known by the number of cases than are reported by our department of public health,” Dr. Eran Bendavid, the Stanford professor who led the study, told ABC News.

If the study’s numbers are accurate, the true mortality and hospitalization rates of COVID-19 are both substantially lower than current estimates, and due to lag between infection and death, researchers project a true mortality rate between .12 and .20. [emphasis mine]

The researchers also note that, based on this study, not enough people have yet been infected to achieve herd immunity, a conclusion totally reasonable considering the effort being made to prevent infection.

Regardless, if true this illustrates again that this virus does not merit the mass hysteria it is causing. Because it, like the flu, mostly kills older and sicker people, not young healthy individuals, the overall mortality will almost certainly not be much different than past years. While it is tragic that this disease, plus the flu, is making survival harder and less likely for older individuals (such as myself by the way), it is unconscionable for us to bankrupt the whole society and abandon the rule of law for this reason.

Sadly, that is apparently what we are doing.

As the researchers note, these results are preliminary, and could turn out to be false. That they coincide with other research in South Korea and on the Diamond Princess cruise ship however gives them some weight.

Wuhan panic destroys flower business worldwide

The beatings will continue until morale improves: The worldwide panic over the Wuhan flu has in one month practically destroyed the $8.5 billion flower/bouquet industry.

Much of the crash has been caused by customers themselves cancelling weddings and events, but that process has been accelerated and promoted by the decision of governors to put their states under house arrest.

Within a few days, all of [flower seller Laura] Clare’s clients planning April weddings were scrambling to pick dates in the fall. She had to tell brides that some flowers, such as cherry blossoms, might not be available then. Soon, as the number of Covid-19 cases in New Jersey passed 1,000, the governor ordered all but essential businesses to close. Florists didn’t make the cut.

With her supply wilting, Clare started giving bouquets away, delivering some to older parishioners at a local church. She furloughed her five full-time employees and canceled her flower orders, which usually total at least $5,000 a week. She’s applying for a Small Business Administration loan that would let her put her workers back on the payroll. “I’ve been through 9/11,” Clare says. “I’ve been through Hurricane Irene, Hurricane Sandy. I’ve never seen anything like this before.”

As with all the closures, the cancellations send disaster in waves throughout the economy. Event venues are now shuttered, their employees facing unemployment. Caterers have no work. Photographers, bakers, clothing designers, everyone involved in this industry is now facing bankruptcy and a crash that they will not recover from for months to years, if ever.

When it comes to something like the Wuhan virus, rational people do a cost-benefit analysis and apply some common sense. It makes no sense to destroy the entire worldwide economy because of a disease that is not going to be much worse than a typical flu season, especially because like the flu COVID-19 focuses most of its worst attacks against the older very sick population. The bulk of the population fights it off with no problem, and goes on living.

Now however we have decided to not allow that, even if the disease does them no harm. They must starve instead.

Economic index experienced biggest crash ever due to Wuhan panic

The beatings will continue until morale improves: The index of leading economic indicators experienced the biggest crash in March in its sixty year history, all due to the shutdowns imposed by the government in panic over the Wuhan flu.

The Conference Board said its index of leading economic indicators (LEI) tumbled 6.7% last month, the largest decrease in the series’ 60-year history. Data for February was revised down to show the index falling 0.2% instead of gaining 0.1% as previously reported. Economists polled by Reuters had forecast the index dropping 7.0% in March.

“The sharp drop in the LEI reflects the sudden halting in business activity as a result of the global pandemic and suggests the U.S. economy will be facing a very deep contraction,” said Ataman Ozyildirim, senior director of economic research at The Conference Board in Washington.

I continue to find it strange that these stories about the crashing economy are being reported in very few places. This is real news, effecting millions, unlike COVID-19.

Homebuilding market crashes due to Wuhan virus

The beatings will continue until morale improves: According to the Commerce Department, housing starts plunged 22.3% in the past month, the largest such decline since 1984, due to the Wuhan flu shutdowns imposed by state governments .

Economists are estimating the economy contracted as much as 10.8% in the first quarter, which would be the steepest drop in gross domestic product since 1947. They say the massive fiscal package will likely provide little cushion for the economy.

“The economy is in a downward spiral where job losses beget job losses and the federal government emergency relief checks will not be enough to turn the tide,” said Chris Rupkey, chief economist at MUFG in New York. “The recovery is looking less V-shaped by the day as the deeper we fall, the harder it will be for the nation to climb back out of this deep hole the pandemic has dug for the economy. The worst is yet to come.” [emphasis mine]

Once again, waiting two or three or four more weeks to release us from house arrest does not mean that the economy will simply come back to life then. Once businesses crash, it can take a long time to recover.

The lack of perspective astonishes me. We are going to bankrupt ourselves and bring on a Great Depression over a new disease this year that is comparable to the annual flu season.

Want to continue social distancing? Sure. Want people to wash their hands a lot? Sure. Wear masks? If you think it necessary, sure.

Shut down all business transactions so that millions become jobless and whole industries go bankrupt? Over this? That’s insane. Not only will such a economy crash cause far more suffering and deaths, it will make it far more difficult to fight the disease.

Clothing and cotton sales plummet 50% due to Wuhan panic

The beatings will continue until morale improves: According to the U.S. Census Bureau, the clothing and cotton industry has seen a 50% plunge in sales in the past month due to Wuhan panic.

The result?

As countries worldwide take measures to slow the spread of coronavirus by quarantining people and closing nonessential businesses, sales of cotton — and the clothing and textiles made from it — have declined sharply.

Demand for cotton is so low that even though prices hit their lowest levels in more than a decade, retailers and manufacturing facilities around the world are cancelling orders. “Every stage of the supply chain is getting hit,” said Jon Devine, senior economist for Cotton Incorporated, a nonprofit industry organization based in North Carolina. “Retailers are suffering,” he said. “In between, you’ve got all the manufacturers that are trying to get their orders cancelled. And then you get all the way back to the field. Farmers are entering their planting time. They have some difficult decisions to make.”

In other words, even if we get the country reopened in May (something that right now looks unlikely because of the desire of politicians to crush the economy and cancel the Bill of Rights in order to hurt Trump), this crash now is going to spiral into next year.

I should note that the stories on the crashing economy that I am posting are very easy to find. More to come. Sadly, I have had to widen my searches to more business related sources to find them. In more sane times, a business crash like this would be front page news on every news outlet in the country. Not now. We have gone insane.

Five million more applied for unemployment benefits last week

The beatings will continue until morale improves: More than five million people applied for unemployment benefits last week, a jump caused almost entirely by the government shutdown nationwide.

That brings total claims over the four weeks ended April 11 to nearly 22 million workers, erasing the entirety of labor market gains since the 2008 financial crisis, a stunning sign of the colossal economic damage inflicted by the virus outbreak. Before the pandemic, the largest number of Americans to seek jobless aid in a four-week stretch was 2.7 million in the fall of 1982.

With a labor force that totals about 162 million people, that brings the unemployment rate close to 13 percent.

That exceeds the 10 percent peak during the worst of the Great Recession more than a decade ago and tops the previous post-World War II high of 10.8 percent in 1982, bringing the U.S. closer to Depression-era levels of unemployment. A growing number of economists have warned the so-called “Great Lockdown” will push the global economy into the worst recession since the Great Depression.

This by the way is only the beginning. If businesses are not allowed to open in the next week or so, the cascade of new job loses will make these numbers seem tiny.

But hey, we have to prevent even one death from COVID-19, no matter what the cost, even though its overall impact remains comparable to the annual flu.

Best Buy furloughs 51,000 workers because of Wuhan panic shutdown

The beatings will continue until morale improves: Best Buy yesterday announced that it is furloughing 51,000 workers because their stores have been shuttered by the government imposed lockdown over the Wuhan flu.

Best Buy announced Wednesday the tech chain will furlough roughly 51,000 hourly and part-time store employees nationwide beginning Sunday as the company grapples with the business impact of the coronavirus pandemic.

In addition to furloughing the workers, who include “nearly all part-time employees,” an unspecified amount of corporate staff members have volunteered to work reduced hours and, in turn, take pay cuts, while others have volunteered themselves for the temporary furloughs, Best Buy announced Wednesday.

The company will provide health benefits for three more months. No promises after that.

You know, if the company goes under, caused by the government-imposed shutdown, wouldn’t that be a kind of taking of property? And doesn’t the violate the fifth amendment of the Bill of Rights?

Oh, right, that doesn’t count anymore, according to the Democratic governor of New Jersey. I forgot.

JC Penny faces bankruptcy due to Wuhan panic

The beatings will continue until morale improves: J.C. Penny is now facing bankruptcy because it will unable to meet a due date on a loan because of store closures forced on it by state governors, panicking over the Wuhan flu.

Like many traditional retailers, J.C. Penney’s business has been under pressure in recent years amid declining store traffic and a shift toward digital outlets. The company’s struggles were compounded in recent weeks after the coronavirus pandemic forced the closure of 850 J.C. Penney stores.

With turnaround plans temporarily shelved due to the pandemic, J.C. Penney executives are considering filing for bankruptcy, Reuters reported on Tuesday, citing sources familiar with the matter. While the retailer has enough cash on hand to weather the store closures, bankruptcy protections would allow J.C. Penney to restructure its upcoming debt payments. The company owes nearly $4 billion in long-term debt.

The article did not say how many employees are presently out of work because of the shut down of JC Penny stores.

I think I will start posting these stories, as I see them. There are a lot, and they illustrate that the shut downs are hurting far more people than the Wuhan flu.

Economy crashes in March due to Wuhan lockdowns

Never let a crisis go to waste: Retail sales in March dropped a record 8.7%, almost entirely due to the nationwide lock downs and business closures imposed by the government on what government officials have arbitrarily determined are “nonessential” businesses.

The Census Bureau said though “many businesses are operating on a limited capacity or have ceased operations completely,” it had “determined estimates in this release meet publication standards.”

Last month’s decrease in retail sales reflected depressed receipts at car dealerships, with light vehicle sales crashing in March. With millions at home and crude oil prices collapsing amid worries of a deep global recession, gasoline prices have dropped, which weighed on sales at service stations in March.

In addition, the closure of non-essential retailers knocked sales at clothing, sporting goods and furniture stores.

There were also steep declines in receipts at restaurants and bars, which stopped in-person service and moved to take-out and delivery service. Though some businesses, including restaurants, have shifted to online sales, the volumes were insufficient to close the gap from social distancing measures. [emphasis mine]

I wonder if the families that run these “non-essential retailers” consider their livelihoods to be “non-essential.” Somehow I don’t think so.

Bloomberg News killed story, fired reporter, critical of China

Modern journalism: According to NPR, Bloomberg News killed an investigative story about China’s Communist Party elites and their high lifestyles — eventually firing the reporter — out of fear its publication would get their business kicked out of China.

Former Bloomberg News correspondent Mike Forsythe was part of a Bloomberg team that published an “award-winning investigation” in 2012 into the accumulation wealth by China’s ruling class. He was part of an ongoing effort in 2013 “focusing on Chinese leaders’ ties to the country’s richest man, Wang Jianlin. Among those in the reporters’ sights: the family of new Chinese President Xi Jinping. The story gained steam throughout 2013.”

The “story never ran,” NPR reports. The reason? NPR obtained audio of Bloomberg News founding editor-in-chief Matthew Winckler from a private conference call:

“It is for sure going to, you know, invite the Communist Party to, you know, completely shut us down and kick us out of the country … So, I just don’t see that as a story that is justified … There’s a way to use the information you have in such a way that enables us to report, but not kill ourselves in the process and wipe out everything we’ve tried to build there,” [emphasis in original]

This is the new organization owned and run by a former presidential candidate for the Democratic Party, Mike Bloomberg. And Bloomberg is still spending millions to support Democratic candidates across the country.

I however wonder what country he is working for. It certainly does not appear to be the U.S.

Large ozone hole forms over northern hemisphere for first time

The uncertainty of science: For the first time since the 1980s, when scientists were first able to track the ozone layer and discovered the appearance of a winter ozone zone hole above Antarctica, scientists have detected the formation of a large winter ozone hole over the northern hemisphere.

The Arctic, which has more variable temperatures, doesn’t usually see the same ozone-depleting conditions, the researchers said. But this year, powerful winds trapped cold air in a “polar vortex” above the Arctic. That led to colder temperatures and more high-altitude clouds than normal. Hence, North Pole ozone-depletion began.

Fortunately, with the sun slowly getting higher over the Arctic, atmospheric temperatures are already beginning to increase, which means the conditions causing the ozone hole should soon change, the researchers said. However, if the hole continues to expand south, Arctic residents — like those living in southern Greenland — may need to apply sunscreen to prevent UV damage.

The article, as is usual for this topic, is filled with some ignorant assumptions about the south pole ozone hole that mirror similar ignorant assumptions related to global warming.

First, it assumes that one of the prime causes of the south pole ozone hole was the use of certain chemicals in spray cans, banned in 1987. This theory however was never proven, and had some very serious holes of its own. For example, the atmospheres of the northern and southern atmospheres are largely independent of each other. Almost all spray can use was in the northern hemisphere. Yet there no ozone hole occurred. No one has ever explained how northern hemisphere pollution only caused an ozone hole in the southern hemisphere.

Second, we have no data on the long term history of that south pole ozone hole prior to the 1980s. To assume human activity had caused it to suddenly appear in the 1980s was so large an assumption as to be ridiculous. More likely it was a normal winter event, on-going for eons, caused because the lack or reduction of sunlight hitting that layer prevented the ionization of oxygen molecules that turns them into ozone. Thus, no sunlight, no ozone, and you get a hole.

Third, though that south pole ozone hole has shown a 1% to 3% shrinkage, per decade, since the 1987 ban, that does not fit with what had been predicted in the 1980s when environmentalists pushed for the ban. Then, the hole was supposedly caused entirely by the spray cans, and once banned the hole would quickly dissipate. This very slow shrinkage seems instead nothing more than a long term variation of a normal yearly event.

Fourth, if banning the spray can chemicals would eliminate the ozone hole, why do we suddenly see a new hole in the northern hemisphere, decades after the chemicals were banned?

All in all, the data suggests that the ban was largely irrelevant to the comings and goings of the ozone layer. It might have been a good thing, but no one really knows.

But don’t worry. I guarantee some climate modeler will come along soon and tell us that this new hole was obviously caused by some new evil human activity, and demand that we ban it. It seems that is what our modern “science” modelers do.

IHME lowers its death prediction for Wuhan virus again

In what appears to be becoming an almost twice-weekly event, the scientists who created the Institute for Health Metrics and Evaluation (IHME) model that the White House has been depending on to deal with the Wuhan flu epidemic have once again lowered their projected total deaths from COVID-19, from about 82,000 to 61,000.

Wednesday’s dramatic reverse in the model’s projection of U.S. deaths was made without a press release from IHME explaining the reasons for the reduction. It marks the second reduction in the model’s U.S. deaths projections since April 1, when it forecast 93,765 U.S. fatalities.

On April 5, the death projections were lowered to 81,766.

Our estimates assume statewide social distancing measures are continuing in states where they have already been enacted, and for those states without such measures in place, it is assumed they will be will be in place within seven days,” IHME director Christopher Murray said on April 5. [emphasis mine]

Murray’s highlighted statement above gives the impression that these new lower numbers are because of the imposed “social distancing measures.” This is a lie. All their predictions, even their highest, always included such measures. Thus, their earlier predictions were simply wrong, and very badly wrong.

In only a week they have dropped their prediction by one third.

I must add that this is the same model that has vastly over-estimated the number of hospitalizations that would occur, to the point of absurdity. Instead of having so many coronavirus patients that hospitals were overwhelmed, hospitals have had numerous empty beds, even in New York.

If the deaths from the Wuhan flu end up around 61,000, that number will match exactly the number of total deaths during the 2017-2018 flu season. Remember how we shut down the entire economy then too? I don’t.

I will also make a prediction. The final numbers will still be far lower than the 61,000 they are now predicting, even though there is clear evidence that many states are exaggerating the number of Wuhan flu deaths, probably in order to justify their panic that has shutdown the country and is bankrupting millions. In the end, even with these overstated numbers, the totals (including the flu) will I bet end up not much more than a somewhat bad flu season, but not one far different than 2017-2018, the worst in many years.

If the voters don’t fire a lot of politicians come November for this disgusting travesty, then we are surely doomed to bankruptcy and tyranny in future years.

Lost freedoms and media lies

The panic over the Wuhan virus is clearly doing irreparable harm to our freedoms. And worse, the loss of those freedoms is being celebrated and supported by the press, the very people who should be acting to protect them, for their own sake if not ours.

Consider for example this article, which documents how four of the ten rights in the Bill of Rights have been tossed out the window during the government imposed lockdowns over the Wuhan flu. It also notes that a more basic right, the right to life, liberty, and the pursuit of happiness, has been cancelled as well.

While this right is not listed in the Bill of Rights and instead appears in the Declaration of Independence, it covers all of our rights in a general sense and should be considered under attack. I have heard from friends who have been stopped at the border of their state and turned back by police; people with out-of-state plates turned away from grocery stores over the border that have supplies they need and can’t get in their own state; and people whose livelihoods are being destroyed by government edicts with no end date in sight. [emphasis mine]

As the author also notes, “anyone who has studied human history knows the ‘temporary’ loss of human rights is rarely temporary.”

The worst part of this article however is the incompleteness of the list of civil rights abuses. Consider these for example:
» Read more

Shutdowns forcing hospitals to cut staff during Wuhan panic

This makes perfect government sense: The shutdowns that our governments have imposed on people and businesses nationwide due to the Wuhan panic has forced hospitals to cut staff and shorten hours.

The article describes the growing collapse of medical services caused by the state-imposed lockdowns in Ohio, Massachusetts, Kentucky, Connecticut, South Carolina, Tennessee, New Jersey, Oregon, Virginia, and Arizona. That’s only ten states, but it is very likely the remaining states are experiencing the same problems, as described in the article:

The Connecticut Children’s Medical Center is furloughing 400 across its health system as a result of surgeries being delayed, which has caused patient volumes to plummet, resulting in millions of dollars of lost revenue, according to the Hartford Courant.

The number of elective cases at Prisma Health in South Carolina has fallen by over 75% in two weeks. CEO Mark O’Halla issued a letter to employees informing them of furloughs, adding that they will be able to file for unemployment and apply for open positions at the hospital.

Two-hundred healthcare workers in Tennessee are being furloughed as a result of “dramatically reduced” hospital visits, which means a loss of revenue, according to the Tennessean.

We need to bankrupt ourselves in order to save us! Thank you government and centralized rule!

First estimate of the cost of the Wuhan panic shutdown

The estimated lose to the U.S. economy due to the shutdown over the Wuhan panic is now estimated at $32 trillion, more than the entire annual gross national product for the country.

That number is of course preliminary, but for a first guess I think it is probably low, especially because it does not include the following:

  • Lost opportunity cost for businesses
  • Lost opportunity cost for individuals who had to delay dreams, plans, etc.
  • The loss of freedom (priceless)
  • The cost of not educating millions of students and falling further behind in academic standards

It also assumes we get back to work relatively soon. Should the shut down extend through May, I think the Great Depression will appear like a lark in comparison.

Note that the overall social cost of this panic and shutdown cannot be measured, as it is also establishing new social distancing customs that are probably overwrought and counter-productive for a healthy society.

Total mortality is DOWN in Europe during Wuhan panic

According to the latest weekly report of overall mortality in Europe, the number of deaths during the March 18 to 24 time period had dropped, even though that was the exact period when the panic and alarm over the COVID-19 epidemic began to reach its height.

The article at the link also notes that this particular flu season has so far been relatively mild, which corresponds with the U.S. data I posted on March 26.

Both the article and his source speculate with some puzzlement as to why this is the case. Obviously, the panic shutting down our entire economy and society is probably helping. At the same time, this flu season was already clearly going to be a mild one, long before the Wuhan panic took over.

Regardless, what these numbers once again suggest is that the response to COVID-19 has been way out of line and over the top. While our bankrupt press keeps focusing on specific deaths and coronavirus mortality rates, they are failing to note that the overall death rate is not changing, and is possibly even dropping.

A good example are the wild rumors, widely reported, of a gigantic order of burial urns for China, implying that these urns were needed because of millions of extra COVID-19 deaths, not reported by the Chinese authorities. What nobody asks is how many urns are normally ordered each year? I suspect the numbers would be quite similar.

We are not all going to die from the Wuhan virus, though the extreme measures our government is forcing us to take might very well kill us, in other ways. At a minimum, those extreme measures are destroying what was once a free society.

IG report: FBI screwed up on every single FISA warrant application it submitted

So, why hasn’t Trump fired everybody there? A new inspector general review of 29 FBI FISA warrant applications has found that on every single application looked at, the FBI made numerous errors, often failing entirely in doing the most basic required documentation.

The [inspector general] review released Tuesday suggests that the FBI’s problems are widespread. “As a result of our audit work to date and as described below, we do not have confidence that the FBI has executed its Woods Procedures in compliance with FBI policy,” the [report] said in a memo to FBI Director Christopher Wray.

More information here, including the revelation that the FBI could not even find the files for four of these warrants. The IG suspects they might never have existed.

I repeat: Why has Trump so far not fired the entire upper management at the FBI involved in this work? Every single one of these bums should be out on the street, looking for work (though to be honest, the last place I’d want to see them working is as a stock person in a supermarket. They’d hoard and steal, and everyone else would starve.).

For example, the IG memo was submitted to Wray, who has been a top manager at the agency for years, and was directly involved in issuing most of these FISA warrants. Does anyone really expect him to fix this problem? He’s part of it.

Until Trump begins a real house-cleaning, I have no faith in his claim that he is “draining the swamp.” Instead, I see him as simply doing a little light dusting, just enough to make us peons not notice the thick piles of dirt buried under the rugs and beneath all the cushions and behind the books.

Also, this IG report provides further proof that Congress should not renew the FISA court law, when it comes up for renewal again in about two months. The entire law and all involved with it are corrupt, and routinely have abused the power it gave them.

New York: Where politicians consider criminals their base and ordinary citizens their enemy

Like the Democrats running California, the reaction of the Democrats running New York to the Wuhan virus has nicely revealed who they consider their base, and who they consider their enemies:

The first story is one of several from New York. Even as the Democrats in charge have moved to place all citizens under house arrest, they also seem to think releasing criminals from jail (the perfect type of quarantine) is a good idea.

No one should harbor any doubts about where the Democrats loyalties lie. They are not really interested in saving lives. They are interested in stamping a jack boot on the face of every decent person. And they know that if their own efforts to impose martial law fail, they know that releasing a lot of violent criminals surely will help.

Stratolaunch now wants to build a reuseable hypersonic vehicle

Capitalsm in space: Stratolaunch announced today that they are now planning to build a reusable hypersonic test vehicle to launch from their giant Roc airplane.

That vehicle, powered by a liquid-propellant rocket engine, will launch from the company’s aircraft and fly to speeds of Mach 5 to Mach 7 before gliding back to a runway landing. It will also be able to take off on its own from a runway under rocket power.

“The Stratolaunch Talon-A is a flexible, high-speed testbed built for offensive hypersonics, hypersonic defense and hypersonic R&D,” the company said in a fact sheet about the program. That document emphasizes the vehicle’s ability to provide “here-to-fore unobtainable measurement access to the hypersonic flight environment on a recurring basis.”

Forgive me if I remain skeptical. From memory I think this is about the fifth different design or concept for launch from Roc, with the previous proposals differing from this hypersonic test vehicle in that they were all intended to go to orbit. All were the same however in that they were trying to find a design that could be launched from Roc and also make engineering and economic sense. So far none has done so.

This new proposal is clearly aimed at garnering government research dollars. It also probably wants those dollars to pay for Talon-A’s development. In a sane world, the military would tell Stratolaunch to build and prove Talon-A’s capabilities first, before signing on.

When it comes to government spending, however, we however are no longer in a sane world.

Pork galore in Senate-passed COVID-19 “stimulus” bill

The so-called COVID-19 “stimulus” bill that the Senate passed yesterday is apparently stuffed with billions in hand-outs to friends and buddies of Congress and the Washington bureaucracy, all of which have nothing to do with helping the American public being bankrupted by the forced shutdowns imposed on them by government.

Go to the link for a full list, which includes money for the National Endowment for the Arts, the National Endowment for the Humanities, the Kennedy Center in DC, the Corporation for Public Broadcasting, the post office, NASA, and the Department of Education, to name only a few. It also includes a pay raise for Congress, money to sanctuary cities to allow them to continue to flout immigration laws (thereby making it harder to control the virus), and half a billion in foreign aid to Africa. The bill also will force unions on businesses who wish to take any government money.

There’s more of course. It will take a few days for decent people to dig through the entire document [pdf]. By that time however the House, under Democratic Party control, will have added more goodies, the Senate and Trump will have approved, and the bill will be law.

Three cheers for Congress!

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