Economics

2:00PM Water Cooler 12/19/2024 | bare capitalism

December 19, 2024
knowledge


By Lambert Strether of Corrente.

Fowl Track of the Day

Northern Mockingbird, Quitman Farm, Brooks, Georgia, United States.

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In Case You May Miss…

  1. Persevering with Decision founders, DOGE extra-constiutional, Trump opposes debt ceiling
  2. Mangione extradited to New York, lawyer claims overcharging.
  3. Boeing sells some planes.

* * *

Politics

“So most of the social reactions that strike us as psychological are in reality a rational administration of symbolic capital.” –Pierre Bourdieu, Classification Struggles

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Biden Administration

“A Weary Biden Heads for the Exit” [New York Times]. “The most important field left is a cease-fire in Gaza and if he manages that, it might be a validating triumph for a departing president.” • Gag me with a spoon.

Trump Transition

“Republicans scrap spending invoice, underneath strain from Trump and Musk” [WaPo]. “Republicans scrapped Home Speaker Mike Johnson’s bipartisan plan to avert a authorities shutdown, as President-elect Donald Trump and Elon Musk joined a broad swath of the Home GOP on Wednesday to sentence a compromise invoice that included Democratic coverage priorities. The rebuke, which constructed steadily by means of the day and culminated with a protracted written assertion from Trump within the late afternoon, has pressured Johnson again to the drafting board on a plan to stop a Christmastime shutdown — and preserve the help of his chaotic convention to be reelected as speaker early subsequent 12 months.” • Musk feedback:

Are we little youngsters of six? This can be a dogpile orchestrated on X by the proprietor of X, in service of the extra-constitutional entity DOGE:

So, no drawback there! I inveighed in opposition to extra-constitutional entities right here, when Biden was dropping his thoughts, and it wasn’t clear who, precisely, was working the nation. And the identical state of affairs obtains in the present day (“Heather Has Two Presidents”). Axelrove is correct to ask:

“Rand Paul floats Elon Musk for Speaker” [The Hill]. “Sen. Rand Paul (R-Ky.) recommended Elon Musk function Speaker in a Thursday morning put up on X following contentious debates over the persevering with decision (CR). ‘The Speaker of the Home needn’t be a member of Congress,’ Paul wrote. ‘Nothing would disrupt the swamp greater than electing Elon Musk . . . give it some thought . . . nothing’s unimaginable. (to not point out the enjoyment at seeing the collective institution, aka ‘uniparty,’ lose their ever-lovin’ minds).’ Later Thursday, Rep. Marjorie Taylor Greene (R-Ga.) mentioned she can be open to supporting Musk to interchange Speaker Mike Johnson (R-La.) in a put up quoting Paul. ‘I’d be open to supporting @elonmusk for Speaker of the Home. DOGE can solely actually be completed by reigning in Congress to enact actual authorities effectivity,” Greene wrote on X.” • Oh, so that’s what libertarianism is all about. “A libertarian and an oligarch stroll right into a bar, and the bartender says: ‘Sir, what’ll or not it’s?’” • The debt ceiling was “a nasty thought whose time has come” when launched within the Eighties. Now it’s a nasty thought whose time has gone…..

In the meantime, Trump really will get the best of it–

“Trump needs to kill the debt ceiling” [Axios]. “President-elect Trump informed NBC Information he helps abolishing the debt ceiling and is ready to ‘lead the cost’ to make it occur. Republicans, together with a few of Trump’s strongest supporters in Congress, have traditionally opposed elevating the debt ceiling, not less than when a Democrat is in workplace. Now Trump says he’ll push them to scrap it totally. That pronouncement comes a day after Trump got here out in opposition to a spending deal, negotiated by Republican Home Speaker Mike Johnson (R-La.), to maintain the federal government working by means of March His opposition successfully killed the invoice and will result in a authorities shutdown at midnight on Saturday. Elevating the debt ceiling and funding the federal government are two separate cliffs Congress repeatedly bumps up in opposition to, and Trump is now linking them collectively. The debt ceiling is a very sticky challenge for Republicans, as many marketing campaign in opposition to working up money owed. Conservative members are inclined to push again on elevating the ceiling, notably when a Democrat is within the White Home. Thus, Republicans would seemingly oppose abolishing the debt ceiling in precept — however few wish to decide a public struggle with Trump. The president-elect additionally floated the concept of scrapping the debt ceiling when he was final in workplace, however nothing got here of it. Trump identified Thursday that some Democrats have already backed abolishing the ceiling. ‘In the event that they wish to do away with it, I’d lead the cost,’ he informed NBC.”

Lawfare

“Fani Willis disqualified as prosecutor on Trump Georgia election case” [The Hill]. “A Georgia appeals courtroom booted Fulton County District Lawyer Fani Willis’s (D) workplace from the 2020 election interference case in opposition to President-elect Trump on Thursday attributable to her relationship with a high prosecutor on the case. The panel described Willis’s relationship with ex-special prosecutor Nathan Wade as a ‘important look of impropriety.’ The courtroom declined to outright dismiss Trump’s indictment, however disqualifying Willis’s workplace throws the way forward for the case — already difficult by Trump’s impending return to the White Home — additional into doubt. ‘After rigorously contemplating the trial courtroom’s findings in its order, we conclude that it erred by failing to disqualify DA Willis and her workplace,’ Decide E. Trenton Brown III wrote within the courtroom’s ruling. ‘The treatment crafted by the trial courtroom to stop an ongoing look of impropriety did nothing to handle the looks of impropriety that existed at instances when DA Willis was exercising her broad pretrial discretion about who to prosecute and what expenses to deliver,’ it continued. The choice leaves open a theoretical risk one other prosecutor may take over the case, however the path ahead stays precarious.” • Too humorous. I’d speculate that the Georgia Dems thought Fani Willis was gonna be their subsequent Stacey Abrams. And so she was, besides she flamed out sooner and worse.

2024 Publish Mortem

“The Distinction That Issues Most Isn’t Between Left and Proper” [Jeet Heer, The Nation]. “However left-right isn’t the one related taxonomy in politics. Ben Kawaller of The Free Press interviewed AOC-Trump voters for an illuminating TikTok video during which some expressed anger at inflation whereas others complained about Kamala Harris’s file as a hard-nosed prosecutor. One African American lady mentioned, ‘Kamala Harris is a puppet.’ When Kawaller requested, ‘A puppet of who?,’ the girl responded, ‘A puppet for the system.’ In that succinct phrase, ‘a puppet for the system,’ we get to the guts of why Donald Trump gained in 2016 and 2024—each instances working as an anti-system politician channeling the anger of voters who’re deeply annoyed by the established order…. Not simply in America however in different superior democracies world wide, essentially the most salient cleavage proper now shouldn’t be left versus proper however system versus anti-system.” • Change vs. extra of the identical…

Democrats en déshabillé

Gonna want a much bigger tent:

Republican Funhouse

“Musk and Trump are considered roughly the identical by People, an AP-NORC ballot finds” [Associated Press]. “About 4 in 10 People have a considerably or very favorable view of the world’s richest individual, similar to the share who view Trump positively. Likewise, about half of adults have a considerably or very unfavorable view of Musk — once more, just like Trump…. The connection between the 2 males has no parallel in U.S. historical past, mentioned David Nasaw, biographer of American enterprise tycoons Andrew Carnegie and William Randolph Hearst. He famous that Musk, to a degree not like different tycoons, has relied on subsidies and favorable authorities choices for his success from Tesla to SpaceX.” • So, completely conflicted. As one would anticipate an oligarch in authorities to be, by the mere truth of possession at scale.

Realignment and Legitimacy

“UnitedHealthcare CEO suspect faces federal homicide, stalking expenses after returning to NYC” [CBS]. “UnitedHealthcare CEO homicide suspect Luigi Mangione is again in New York Thursday after waiving extradition in Pennsylvania. He was ushered from the courtroom to a ready airplane by NYPD detectives after waiving extradition. Mangione may seem in entrance of a choose in New York Metropolis for arraignment in only a matter of hours…. He’s then anticipated to be held at Rikers Island, the place he can be in isolation and protecting custody due to his high-profile standing, sources mentioned.” On the “overcharging” (hat tip, alert reader dommage): “‘The federal authorities’s reported resolution to pile on high of an already overcharged first-degree homicide and state terror case is extremely uncommon and raises severe constitutional and statutory double jeopardy issues. We’re able to struggle these expenses in no matter courtroom they’re introduced,’ Manhattan prosecutor-turned-defense lawyer Karen Friedman Agnifilo mentioned in an announcement Thursday morning.”

“How New York prosecutors used a terrorism legislation within the expenses in opposition to Luigi Mangione” [Associated Press]. “If a defendant is convicted, the “crime of terrorism” designation boosts the underlying offense right into a extra severe sentencing class. For instance, an assault usually punishable by as much as 25 years in jail would carry a possible life sentence.” Precisely as Bragg did with Trump, changing misdemeanors into felonies. Extra: “There’s no complete depend of circumstances the place the anti-terrorism statute was used, as a result of it may be layered onto many various kinds of expenses, from weapons possession to homicide…. In New York Metropolis alone, over a half-dozen circumstances of varied kinds have used the phobia legislation, beginning with the 2004 indictment of a Bronx gang member. He was accused of killing a 10-year-old lady and paralyzing a person at a christening occasion…. Courts haven’t set out overarching guidelines for when a case qualifies. Nonetheless, the state’s high courtroom mentioned the Bronx gang member’s case didn’t. The excessive courtroom overturned his conviction. Justices have been skeptical that the taking pictures — allegedly focusing on a rival gang member — was meant to intimidate the broader neighborhood. In addition they fearful that the that means of terrorism could possibly be trivialized if ‘utilized loosely in conditions that don’t match our collective understanding of what constitutes a terrorist act.’”

“EXCLUSIVE: Investigators are satisfied ‘CEO murderer’ Luigi Mangione did NOT act alone…and there are three key clues” [Daily Mail]. For Mangione stans, price studying in full; an excessive amount of element to excerpt. “However two leaders within the investigative discipline who’ve analyzed the case have now informed DailyMail.com that some key particulars are being ignored – and that these clues level to not less than one confederate to the alleged assassin.” Key level: “The shooter seems to be on the cellphone within the [CCTV] video, elevating the prospect that an confederate monitoring Thompson’s actions referred to as him to say that the CEO would shortly be leaving his lodge, the five-star Marriott throughout the road from the Hilton. ‘If it have been me doing surveillance of this kind, I’d be paying off a door guard or concierge. Like, ‘Hey man, I’m actually attempting to see what’s occurring with this man. Are you able to assist me out?’ mentioned [one investigator]. ‘It simply looks as if a staff that was doing good surveillance and reporting to their shopper.’” • Additionally loads of points with the timeline. NOTE Provided that “A second business chief in personal intelligence for celebrities and CEOs spoke to DailyMail.com on situation of anonymity attributable to being near the case,” I’m wondering if this story was planted by the protection?

Here’s a thread selecting away at inconsistences, price studying in full:


* * *

“Copyright Abuse Is Getting Luigi Mangione Merch Eliminated From the Web” [404 Media]. “An entity claiming to be United Healthcare is sending bogus copyright claims to web platforms to get Luigi Mangione fan artwork taken off the web, in keeping with the print-on-demand merch retailer TeePublic. An unbiased journalist was hit with a copyright takedown demand over a picture of Luigi Mangione and his household she posted on Bluesky, and different DMCA takedown requests posted to an open database and considered by 404 Media present copyright claims attempting to get “Deny, Defend, Depose” and Luigi Mangione-related merch taken off the web, although it’s unclear who’s submitting them…. There isn’t any world during which the copyright of a watercolor portray of Luigi Mangione surveillance footage carried out by Kenaston is owned by United Well being Group because it fairly actually has nothing to do with something that the corporate owns. It’s unlawful to file a DMCA except you’ve gotten a “good religion” perception that you’re the rights holder (or are representing the rights holder) of the fabric in query…. United Healthcare didn’t reply to a number of requests for remark…. It’s theoretically potential that one other entity impersonated United Healthcare to request the elimination as a result of copyfraud on the whole is so widespread.”

“He Was Surgeon Common — And He’s Received Ideas Concerning the Response to the United Healthcare Killing” (interview) [Jerome Adams, Politico]. “This erosion of belief hurts everybody, from the upstream public well being coverage maker to an ICU physician who’s attempting to supply beneficial look after a affected person who’s refusing it as a result of they are saying they don’t consider that the well being care system has their finest curiosity at coronary heart. This results in worse well being outcomes. It prolongs public well being challenges. And what scares me essentially the most is, with out belief, the inspiration of our well being care system begins to crumble. It makes it tough to handle present and future well being points, and that’s going to influence the brand new administration. I’ve mentioned that very publicly that [officials] need to watch out about acknowledging actual faults within the prior Covid response, whereas balancing that in opposition to the erosion of belief. In a few month, it’s not going to be on the Biden administration to cope with H5N1 [bird flu]. It’s going to be on the Trump administration. It’s not going to be on the Biden administration to cope with measles outbreaks throughout the nation. It’s going to be on the Trump administration. You may’t un-ring that bell after you’ve helped sow distrust in some ways, after which anticipate folks to instantly consider in what you’re saying if you’re in cost.”

Syndemics

“I’m in earnest — I cannot equivocate — I cannot excuse — I cannot retreat a single inch — AND I WILL BE HEARD.” –William Lloyd Garrison

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Covid Assets, United States (Nationwide): Transmission (CDC); Wastewater (CDC, Biobot; contains many counties; Wastewater Scan, contains drilldown by zip); Variants (CDC; Walgreens); “Iowa COVID-19 Tracker” (in IA, however nationwide information). “An infection Management, Emergency Administration, Security, and Common Ideas” (particularly on hospitalization by metropolis).

Lambert right here: Readers, thanks for the collective effort. To replace any entry, do be at liberty to contact me on the tackle given with the vegetation. Please put “COVID” within the topic line. Thanks!

Assets, United States (Native): 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 studies); 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).

Assets, Canada (Nationwide): Wastewater (Authorities of Canada).

Assets, Canada (Provincial): ON (wastewater); QC (les eaux usées); BC (wastewater); BC, Vancouver (wastewater).

Hat tricks to useful 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, sq. coats (11), tennesseewaltzer, thump, Tom B., Utah, Bob White (3).

Keep protected on the market!

* * *

TABLE 1: Day by day Covid Charts

Lambert right here: Walgreen’s positivity hasn’t gone up, but it surely hasn’t gone down, both.

Wastewater
This week[1] CDC December 9 Final week[2] CDC (till subsequent week):

2:00PM Water Cooler 12/19/2024 | bare capitalism

Variants [3] CDC December 7 Emergency Room Visits[4] CDC December 7

Hospitalization
★New York[5] New York State, information December 17: Nationwide [6] CDC December 12:

Positivity
Nationwide[7] Walgreens December 16: Ohio[8] Cleveland Clinic December 14:

Vacationers Information
Positivity[9] CDC November 25: Variants[10] CDC November 25:

Deaths
Weekly Deaths vs. % Positivity [11] CDC November 20: Weekly Deaths vs. ED Visits [12] CDC November 20:

LEGEND

1) ★ for charts new in the present day; all others will not be up to date.

2) For a full-size/full-resolution picture, Command-click (MacOS) or right-click (Home windows) on the chart thumbnail and “open picture in new tab.”

NOTES

[1] (CDC) Seeing a little bit extra crimson, however nothing new at main worldwide hubs. Apparently, Calculated Danger is watching wastewater too.

[2] (CDC) Final week’s wastewater map.

[3] (CDC Variants) XEC takes over. That WHO label, “Ommicron,” has carried out a terrific job normalizing successive waves of an infection.

[4] (ED) A bit of uptick.

[5] (Hospitalization: NY) Leveled out.

[6] (Hospitalization: CDC). Leveling out.

[7] (Walgreens) Leveling out.

[8] (Cleveland) Continued upward development since, properly, Thanksgiving.

[9] (Vacationers: Positivity) Leveling out.

[10] (Vacationers: Variants). Positivity is new, however variants haven’t but been launched.

[11] Deaths low, positivity leveling out.

[12] Deaths low, ED leveling out.

Stats Watch

Employment Scenario: “United States Preliminary Jobless Claims” [Trading Economics]. “Preliminary jobless claims within the US fell by 22,000 from the earlier week to 220,000 on the primary week of December, way more than market expectations that they might fall to 230,000, easing issues of weaker labor situations following final week’s sudden surge. The consequence was in keeping with the Federal Reserve’s latest projections that few rate of interest cuts can be required subsequent 12 months, signaling the FOMC’s view that inflation poses a much bigger menace to the economic system than a softening labor market.”

Manufacturing: “United States Philadelphia Fed Manufacturing Index” [Trading Economics]. “The Philadelphia Fed Manufacturing Index within the US plunged to -16.4 in December 2024, its lowest degree since April 2023, from -5.5 in November and method under expectations of three, signaling an extra weakening in regional manufacturing exercise.”

Manufacturing: “United States Kansas Fed Manufacturing Index” [Trading Economics]. “The Kansas Metropolis Fed’s Manufacturing Manufacturing Index fell by one level from the earlier month to -5 in December of 2024, its second consecutive adverse print, and according to different surveys flagging contractionary tendencies within the US manufacturing sector.”

Actual Property: “United States Current Dwelling Gross sales” [Trading Economics]. “Current dwelling gross sales within the US rose by 4.8% from the earlier month to a seasonally adjusted annualized charge of 4.15 million in November 2024, the best in eight months, in comparison with 3.96 million in October and higher than market expectations of 4.07 million.”

* * *

Manufacturing: “Boeing Wins $36 Billion Deal From Turkey, Trumping Airbus” [Bloomberg]. “Boeing Co. gained an order valued at $36 billion from Pegasus Hava Tasimaciligi AS, in its greatest dedication thus far this 12 months that offers a blow to rival Airbus SE, beforehand the popular alternative for the Turkish low-cost airline. The provider has agency orders for 100 of the as-yet uncertified 737 Max 10 mannequin that it’ll start receiving in 2028, with choices for an additional 100, it mentioned in a inventory change submitting. The whole worth of the settlement assumes that each one choices are transformed, although clients usually negotiate steep reductions for big offers. The accord, the most important order in Pegasus’s historical past, is a vital win for Boeing as it really works to beat the fallout from a chronic strike and a near-catastrophic accident at the beginning of the 12 months. For Pegasus, the deal marks a strategic reversal after the provider mentioned lower than two years in the past that it needed to develop into an all-Airbus operator.” • Wow, Turkey’s actually been within the information currently!

Manufacturing: “Taiwan’s China Airways splits $12-billion jet deal between Boeing and Airbus” [Reuters]. • Wow, Taiwans’ actually been within the information currently!

Manufacturing: “Airline watchdog group calls for solutions from NTSB relating to Boeing crashes” [KOIN]. “The Basis for Aviation Security, led by former Boeing manager-turned-whistleblower Ed Pierson, is elevating issues in regards to the NTSB’s response to points with the 737 Boeing Airliners in connection to 2 lethal airplane crashes: 2018’s Lion Air incident and 2019’s Ethiopian Air incident…. The watchdog group claims it uncovered proof of points with Boeing’s electrical manufacturing which will maintain weight in every case. Nonetheless, they allege the NTSB shouldn’t be sharing this info with worldwide businesses and investigators as they need to…. In comparison with the aftermath of the 2018-19 deadly crashes, the Basis for Aviation Security mentioned the NTSB’s investigation into Boeing’s questions of safety was way more sturdy for the non-fatal Alaska Airways incident during which a door plug blew out a airplane mid-air above Portland practically one 12 months in the past.”

The Bezzle:

Sure, this occurs to me:

However in fact Elon would by no means manipulate clicks or bots for political functions, not even for one thing actually essential, like DOGE, or Mars colonization….

The Bezzle:

And naturally Elon would by no means manipulate the coaching units or prompts…

* * *

Immediately’s Concern & Greed Index: 27 Impartial (earlier shut: 33 Concern) [CNN]. One week in the past: 50 (Impartial). (0 is Excessive Concern; 100 is Excessive Greed). Final up to date Dec 19 at 12:53:31 PM ET. Fairly a swing!

Gallery

I dunno. This doesn’t really feel like New England to me. Am I mistaken?

This, nevertheless, does:

I really feel the ocean off to the best.

Zeitgeist Watch

“Superior Civilizations Could possibly be Indistinguishable from Nature” [Universe Today]. “One of many foundational questions of our day issues the Fermi Paradox, the contradiction between what appears to be a excessive likelihood of extraterrestrial life and the entire lack of proof that it exists…. ‘Because the authors state,’ [researcher Lukáš] Likavčan writes relating to Haqq-Misra and Baum’s sustainability resolution, ‘the formulation of the Fermi paradox accommodates a biased presupposition primarily based on the statement of just one planetary neighborhood of clever species (i.e. people), which is in flip primarily based on a warped understanding of human historical past, which assumes that historical past unfolds in a progressive collection of civilizational, colonial expansions.’…. [But if] the planet is major… any technosphere should be harmonious with planetary situations. From that perspective, the one profitable technosphere is one which folds again into the biosphere, making it very tough, even unimaginable, to detect.” • Hmm.

“The EU should construct on previous successes” [Martin Wolf, Financial Times]. Submitting right here due to this passage: “Europe mustn’t embrace a social mannequin that dangers delivering the US pathologies of untimely dying, mass homicide and stratospheric charges of incarceration. But radical modifications are important.” • Ignore the haters, Uncle Sam!

Class Warfare

“Amazon employees to strike at a number of US warehouses throughout busy vacation season” [Reuters]. “1000’s of Amazon.com (AMZN.O), opens new tab employees will stroll off the job on Thursday morning, within the essential last days of the vacation season, after union officers mentioned the retailer failed to come back to the bargaining desk to barter contracts. The strike is a problem to Amazon’s operations because it races to meet orders throughout its busiest season of the 12 months, though union-represented services signify solely about 1% of Amazon’s hourly workforce. Within the New York Metropolis space, for instance, the corporate has a number of warehouses and smaller supply depots. The Worldwide Brotherhood of Teamsters mentioned unionized employees at services in New York Metropolis; Skokie, Illinois; Atlanta, San Francisco and southern California will be a part of the picket line to hunt contracts guaranteeing higher wages and work situations. The Teamsters union has mentioned it represents about 10,000 employees at 10 of the corporate’s U.S. services. Staff at seven of these services will stroll out on Thursday, the Teamsters mentioned.”

Information of the Wired

“A Knife Solid in Fireplace” [Chicago Magazine]. “He put it again within the forge and this time heated it till it was in a yellow rage of photons. Once more, he fitted the wrench to the glowing finish. After which, utilizing his total physique and the leverage of the long-handled wrench, he started twisting and twisting. The steel shed nice grey flakes, and the yellow bar step by step turned orange, wanting like a twist of taffy as Sam put all of his effort into the now-helical bar till it might flip no extra. It was as if he have been doing battle not a lot with metal however with fireplace itself, putting the brilliant yellow bar within the press after which wringing the sunshine proper out of it, for that’s what it was, a blade of shiny mild that he strangled till it went black.” • Only a contact over-written, however what a neat course of!

“ISO 8583: The language of bank cards” [Increase]. “When the usual was first outlined in 1987, it included the general construction of the message specification and the names and lengths of the core fields, akin to the cardboard quantity (“major account quantity”) in discipline 2 and the transaction quantity in discipline 4. The message started with a 4-digit Message Sort Indicator code representing whether or not it was an authorization message, a reversal, or another message kind. This was adopted by a bitmap that informed the recipient which fields have been current. It left room for a couple of fields that could possibly be utilized by networks to incorporate network-specific info, and in consequence the assorted card community specs shortly diverged by means of a collection of nested fields that didn’t overlap in any respect. Later variations of the usual significantly elevated the variety of fields, lowering the necessity for network-specific conduct for brand spanking new implementations. Specs like Visa’s Base I’ve 1000’s of shoppers working on every part from mainframes to units like ATMs, nevertheless, making sweeping backwards incompatible modifications subsequent to unimaginable. In consequence, these specs nonetheless largely observe the foundations set forth by the unique normal from 1987.” • Additionally a neat course of.

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Contact info for vegetation: Readers, be at liberty to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, to (a) learn how to ship me a verify if you’re allergic to PayPal and (b) to learn how to ship me photos of vegetation. Greens are high-quality! Fungi, lichen, and coral are deemed to be honorary vegetation! If you need your deal with to seem as a credit score, please place it at the beginning of your mail in parentheses: (thus). In any other case, I’ll anonymize through the use of your initials. See the earlier Water Cooler (with plant) right here. From JJD:

JJS writes: “Amanita caesarea rising. Certainly one of them knocked out by a squirrel, sadly.” I hope the squirrel didn’t take a chunk!

* * *

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About Lambert Strether

Readers, I’ve had a correspondent characterize my views as reasonable cynical. Let me briefly clarify them. I consider in common packages that present concrete materials advantages, particularly to the working class. Medicare for All is the prime instance, however tuition-free school and a Publish Workplace Financial institution additionally fall underneath this heading. So do a Jobs Assure and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can ship on such packages, as a result of the 2 are completely different flavors of neoliberalism (“As a result of markets”). I don’t a lot care in regards to the “ism” that delivers the advantages, though whichever one does need to put widespread humanity first, versus markets. Could possibly be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t a lot care, so long as the advantages are delivered.

To me, the important thing challenge — and this is the reason Medicare for All is all the time first with me — is the tens of 1000’s of extra “deaths from despair,” as described by the Case-Deaton research, and different latest research. That giant physique depend makes Medicare for All, on the very least, an ethical and strategic crucial. And that degree of struggling and natural harm makes the issues of id politics — even the worthy struggle to assist the refugees Bush, Obama, and Clinton’s wars created — shiny shiny objects by comparability. Therefore my frustration with the information move — at present for my part the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the opposite by out-of-power liberals and their allies within the State and within the press — a information move that always forces me to deal with issues that I regard as of secondary significance to the surplus deaths. What sort of political economic system is it that halts and even reverses the will increase in life expectancy that civilized societies have achieved? I’m additionally very hopeful that the persevering with destruction of each occasion institutions will open the area for voices supporting packages just like these I’ve listed; let’s name such voices “the left.” Volatility creates alternative, particularly if the Democrat institution, which places markets first and opposes all such packages, isn’t allowed to get again into the saddle. Eyes on the prize! I really like the tactical degree, and secretly love even the horse race, since I’ve been running a blog about it every day for fourteen years, however every part I write has this angle behind it.











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