In Memoriam: Kenny Rogers (August 21, 1938 – March 20, 2020)

“You gotta know when to hold ‘em, know when to fold ’em.”

The Gambler has folded for the last time.

Kenny Rogers, the Grammy award-winning country music icon, has died aged 81.

Rogers “passed away peacefully at home from natural causes under the care of hospice and surrounded by his family,” according to a statement by representative Keith Hagan. [..]

Rogers topped the charts during the 1970s and 1980s, and won three Grammy awards. He was best known for his hit song The Gambler, released in 1978.

He went on to star in TV movies based on The Gambler and other songs. Rogers worked for some 60 years before retiring from touring in 2017 aged 79. Despite his crossover success, he always preferred to be thought of as a country singer.

Sometimes, you’re just plain wrong.

You know, if Megan McArdle weren’t so butt hole ignorant about mostly everything except ass kissing for success and working your network as opposed to, you know, actually knowing something and contributing value instead of extracting rent because you were to the manor born, and had just shut up about how wrong she was or admitted it without claiming that somehow, by the magic of meritocracy, our current Pandemic and the resulting Economic chaos validated the FORTY YEARS OF FAILURE she and the people she’s defending have delivered because Doctors?

I know Doctors. Some have been better than others, no more than a handful or two have actively tried to kill me that I’m aware of, and I’m not dead yet. All of them had at least 8 years of training at our finest institutions, one was a highly respected Department Head. He tried to poison me with Potassium despite the fact I was specifically being treated for an over sufficiency (if you have not done the research you can tolerate low Potassium for a time but the other side not so much).

Don’t get me wrong, I’m not down on Doctors. I’m a Medical Miracle that only exists because of Doctors, but that is not who runs Hospitals. No, it is not highly trained Physicians bound by the Hippocratic Oath, it’s squads of cubicle dwelling MBAs from Prager U or some similarly esteemed establishment who work for the Mega-Hospital Corporations or even worse, Health Insurance.

Their job is not to help you get better. It’s to make sure you die cheaply.

But she didn’t do that. I normally don’t do “call outs” but Megan, you deserve one for this piece of self-satisfied privileged crap.

When it comes to the coronavirus, we elites got it wrong. So did you populists.
By Megan McArdle, Washington Post
March 20, 2020

Disaster plans that assumed, quite reasonably, that everything would be normal somewhere have now fallen to pieces. So have many of the just-in-time supply chains that assumed goods would always flow from country to country with ease. Including those that provide us with critical goods such as pharmaceuticals and surgical masks.

So let me open by saying this to the populists who opposed me and my fellow liberalizers: You had a point.

Yup. Stop right there. Thank you for coming to see the error of your ways and apologizing.

And for those of you taking notes, that’s how you do it if you ever have to. I was mistaken (details superfluous unless you are looking to continue the dispute after admitting defeat). You were right. I was wrong. I have changed my mind.

Or you can just shut up which is what I usually do, but no, we will explain in detail how we were wrong (I told you, superfluous) and why it doesn’t matter because you were wrong too and Doctors.

During a crisis, geography and nationality still matter far more than we acknowledged, and that means we need to think strategically about maintaining essential production capacity.

Travel bans can at least slow epidemics, if not stop them. That time they buy can be very valuable. We were silly to keep insisting that bans wouldn’t work, or to reflexively call them racist.

Exposure to markets hasn’t made China noticeably more free or democratic, our grateful junior partner in a post-conflict world. Witness the fact that the Chinese government now seems to be trying to blame this disease on us, rather than admitting that the plague originated in Wuhan and is now rocketing around the world due to China’s own failure to effectively contain it early on, and the Chinese Communist Party’s unfortunate success at concealing the danger from other countries until covid-19 had spread well beyond their borders.

I say this because I know there is nothing more maddening than being right about something, and then, when reality vindicates you, seeing your opponents carry on without admitting that, well, you were right, and we were wrong.

Still a mistake, but here is where we go off the rails. Enter the Entitlement Elite Whine about how they are disrespected because of their constant failures.

But I also say this because I want to point out something else: About other things, we were right, and you were wrong.

The populist insistence that experts are inherently suspicious, part of a class conspiracy against the people, contains a grain of truth: Cosmopolitan professionals do have a class interest, as all groups do, and their “disinterested” technocratic rules and assessments have a suspicious tendency to preserve their own privileges. Too, since the election of Donald Trump, they have been too willing to violate their own prior standards when criticizing him, even as they complain about his norm violations.

But there is another truth, which is that modern crises, whether they be wars or pandemics, require highly trained experts and competent bureaucracies. And so they require more than a president who can ignore cosmopolitan pieties; they require a president who knows which technocrats to trust, who builds an organization where their talents can be rapidly and effectively deployed, and who listens when these experts tell him something he doesn’t want to hear. If he is too paranoid and angry at imagined elite conspiracies to do those things, then when the crisis arrives, he will be deaf to the truth, blind to the disaster that is unfolding under his aegis and helpless to address it effectively.

So, Doctors. And the Unindicted Co-conspirator Bottomless Pinocchio is a “Populist” therefore “Popular” Policies (supported by vast super majorities) bad and, frankly, Small D “democratic” Government bad. Aristocracy Forever!

I recommend burnt hair and dog vomit with that.

The WASP

I tell you this, no eternal reward will forgive us now for wasting the dawn.

Why don’t we have an Equal Rights Amendment yet?

Oh, that’s why.

Dow Be Down Down

The story you are about to read is true. Only the names have been changed to protect the ignorant.

U.S. markets wrap up worst week since the 2008 financial crisis
By Thomas Heath and Taylor Telford, Washington Post
March 20, 2020

U.S. markets finished one of their all-time messy weeks Friday, tumbling more than 10 percent from where they began Monday to wrap up their worst weekly finish since the 2008 financial crisis. Stocks were wrenched all week in hourly spasms as investors try to fathom where the coronavirus will eventually leave the U.S. economy.

The craziness ran right up to the closing bell, as the Standard & Poor’s 500 index and Dow Jones industrial average plunged more than 3 percent minutes after the World Health Organization warned that global health systems were “collapsing” under the coronavirus.

The Dow shed 925 points, more than 4.6 percent, to close a 19,173 — erasing all Trump-era gains. The S&P finished at 2,305, down 4.3 percent, while the tech-centric Nasdaq composite slid 3.8 percent to close at 6,880.

Investors remain in the same fog they’ve inhabited since markets began their swift drop in February, after the S&P 500 and Dow hit all-time highs. All three indexes are now in a bear market decline of at least 20 percent from their top. The Dow and S&P have erased more than 30 percent in a month.

“We had years of low volatility and rising markets, and this virus crisis made it call come to an end at once,” said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research. “There is no endpoint in sight and that’s causing a degree of panic because people are saying, ‘I just need to hold some cash.’ There will be more turmoil, but we flushed out a lot of the people who were leveraged. A lot of good things are happening to restore liquidity and order to markets.”

Markets lurched all week, but nothing signified the chaos like oil prices, which dropped below $20 a barrel on Friday — a mark not seen in years. Oil prices are so low that the industry may go through a generational restructuring. Prices need to be at least in the $50 barrel range for companies and producing states to make a profit.

Oil prices saw their worst and best percentage changes in back-to-back days Wednesday and Thursday as the Saudi-Russian feud resets markets. The federal government said it might jump in, ordering millions of barrels of oil purchases for the nation’s Strategic Petroleum Reserve to help soak up excess supply and protect prices.

Governments and central banks have unleashed a torrent of measures to relieve the economic stranglehold of the coronavirus. But those moves have yet to calm investors and institutions that have been unloading assets from stocks to bonds to gold in order to meet cash obligations.

“People feel like a battered boxer, unsure of how to respond to a flurry economic punches,” said Sam Stovall of CFRA Research. “The good news out of this bad news is the volatility looks like it is coming to a crescendo. Only two other periods in the past half-century have seen a high level of volatility.

Ok ek, how long have you been sitting on that one?

The important thing about my jokes is they amuse me.

Pondering the Pundits

Pondering the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news media and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Pondering the Pundits”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: 3 Rules for the Trump Pandemic

One: Don’t trust the president.

So Donald Trump is now calling Covid-19 the “Chinese virus.” Of course he is: Racism and blaming other people for his own failures are the defining features of his presidency. But if we’re going to give it a nickname, much better to refer to it as the “Trump pandemic.”

True, the virus didn’t originate here. But the U.S. response to the threat has been catastrophically slow and inadequate, and the buck stops with Trump, who minimized the threat and discouraged action until just a few days ago. [..]

Why did Trump and his team deny and delay? All the evidence suggests that he didn’t want to do or say anything that might drive down stock prices, which he seems to regard as the key measure of his success. That’s presumably why as late as Feb. 25 Larry Kudlow, the administration’s chief economist, declared that the U.S. had “contained” the coronavirus, and that the economy was “holding up nicely.”

Well, that was a bad bet. Since then, the stock market has more or less given up all its gains under the Trump presidency. More important, the economy is clearly in free-fall. So what should we do now?

Michelle Goldberg: Of Course Trump Deserves Blame for the Coronavirus Crisis

There’s no moving forward without understanding what’s going wrong.

It can become tedious to dwell on the fact that the president is a dangerous and ignorant narcissist who has utterly failed as an executive, leaving state governments on their own to confront a generational cataclysm. But no one should ever forget it.

Soon, even if the pandemic is still raging, there will be an election, and the public will be asked to render a verdict on Trump’s leadership. Being clear that people are suffering and dying needlessly because the president can’t do his job isn’t looking backward. It’s the only way to move forward.

Jamelle Bouie: The Era of Small Government Is Over

We’re going to have to reach much deeper than stimulus and bailouts into the way we conduct business with each other.

To stop the spread of the coronavirus, state and local governments have shut down as much of communal life as possible. People are also social distancing, staying out of public spaces to slow transmission of the disease. But this has destroyed demand for goods and services, putting the United States on the path to a recession that could easily become an outright depression.

Washington is, finally, working toward a response. But even the most ambitious proposals are nowhere near powerful enough to actually stop the coronavirus from destroying the economy. To do that, policymakers have to go beyond stimulus or bailouts for select industries. They have to take responsibility for economic life on a scale not seen since the New Deal.

Ted Lieu: Trump is stoking xenophobic panic in a time of crisis

I genuinely want President Trump to succeed in stopping the spread of the novel coronavirus, and will do everything I can to help him in this effort. At stake are the lives of my elderly parents, my family, my constituents and many Americans. But Trump’s repeated insistence on calling coronavirus the “Chinese virus” is more than just xenophobic; it causes harm both to Asian Americans and to the White House’s response to this life-threatening pandemic. I served on active duty in the U.S. military to defend the right of any American to make politically incorrect statements, but as a public figure, I cannot stand idly by while the president uses his pulpit to exacerbate xenophobia in a time of crisis. [..]

Trump’s rhetoric adds fuel to the growing fire of hatred being misdirected at Asian Americans. The fact that he is the president of the United States, who is responsible for the well-being of all Americans, only makes his rhetoric even more disturbing. The leaders of both the Centers for Disease Control and Prevention and the World Health Organization have warned that we should not use terms such as “Chinese virus.” The novel coronavirus already has an official name, SARS-CoV-2, and an unofficial name, covid-19. Injecting an ethnic qualifier to the virus is unnecessary and can stigmatize Asian Americans.

Eugene Robinson: How to create togetherness without actually being together

In a crisis, our natural reaction is to do something, anything. What makes the covid-19 crisis so difficult, and so unsettling, is that we’re being asked to do nothing.

The solution, scientists tell us, is not action but inaction: Stay home. Don’t visit with your neighbors, or embrace your friends if you pass them on the sidewalk, or even shake hands. Interact with your co-workers via Slack or Skype or some other software that can only simulate something we seem to yearn to be part of at the most fundamental level: a community engaged in a common purpose.

Yet this artificial and unnatural isolation works to defeat the enemy only if we all do it in concert, and if we can maintain these conditions over an extended period of time. To do that, we must somehow create togetherness without actually being together.

Catherine Rampell: No, the airlines do not need a bailout

A lot of American companies deserve and require a taxpayer bailout right now in order to survive, and to prevent a prolonged recession or even depression.

The airlines are not among them.

President Trump has declared that airlines and other marquee companies in the travel industry (cruise lines, hotels) are “prime candidates” for a federal rescue — whether it’s called a “bailout” or perhaps a euphemistic “freedom payment.”

Airlines probably seem like sympathetic targets for massive government help — especially in light of more morally repugnant taxpayer rescues from recent history. We were willing to bail out Wall Street banks a decade ago, saving the arsonists from the fire they themselves had lit; shouldn’t we do the same for an industry victimized by a global pandemic it played zero role in creating?

But that’s not the right framework for thinking about whether a taxpayer bailout is required, or even desirable. Rather, the relevant questions are: (1) Is the failure of any of these individual businesses likely to spill over to the rest of the economy? (2) Are there more effective ways to resolve a company’s financial problems than a taxpayer-funded bailout?

For airlines, the answers are no and yes, respectively.

You Only Live Once

The Lonely Island

Go Kindergarten

Boombox

Great Day

Equal Rights

Mona Lisa

The Breakfast Club (Paving Roads)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:00am (ET) (or whenever we get around to it) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

This Day in History

American and British forces invade Iraq; U.S. soldiers charged in Abu Ghraib scandal; France’s Napoleon regains power; ‘Uncle Tom’s Cabin’; Sarin attack hits Tokyo subway; John Lennon marries Yoko Ono.

Breakfast Tunes

Something to Think about over Coffee Prozac

The road to hell is paved with works-in-progress.

Philip Roth

Continue reading

Gaslighting Covid-19

After the March daily propaganda press conference by Trump and his science denying, evangelical Christian vice president along with their cronies, MSNBC host Joy Reid took to twitter to call out the gaslighting by the Adderall brained moron.

The Last Day of Winter

Today is the last day of Winter and it abruptly ends at 11:49 PM ET, when the sun crosses the equator, heading north to the Tropic of Cancer, the most northerly circle of latitude on Earth, at which the Sun can be directly overhead.

 

Equinox literally means “equal night.” And during the equinox, most places on Earth will see approximately 12 hours of daylight and 12 hours of night.
But not every place will experience the exact same amount of daylight. For instance, on Wednesday, Fairbanks, Alaska, will see 12 hours and 15 minutes of daylight. Key West, Florida, will see 12 hours and six minutes. The differences are due to how the sunlight gets refracted (bent) as it enters Earth’s atmosphere at different latitudes.
That daylight is longer than 12 hours on the equinox is also due to how we commonly measure the length of a day: from the first hint of the sun peeking over the horizon in the morning to the very last glimpse of it before it falls below the horizon in the evening. Because the sun takes some time to rise and set, it adds some extra daylight minutes.
Check out TimeAndDate.com to see how many hours of sunlight you’ll get during the equinox. [..]
Perhaps you were told as a child that on the equinox, it’s easier to balance an egg vertically on a flat surface than on other days of the year.
The practice originated in China as a tradition on the first day of spring in the Chinese lunar calendar in early February. According to the South China Morning Post, “The theory goes that at this time of year the moon and earth are in exactly the right alignment, the celestial bodies generating the perfect balance of forces needed to make it possible.”
This is a myth. The amount of sunlight we get during the day has no power over the gravitational pull of the Earth or our abilities to balance  things upon it. You can balance an egg on its end any day of the year (if you’re good at balancing things).

I once stood an egg on the dining room table and left it there. One of my cats, Mom Cat, sat staring at it for quite some time. After several minutes, she very gently reached out with one paw and tapped it. It rolled off the table and smashed on the floor before I could reach it. As I cleaned up the mess, Mom Cat sat on the edge of the table watching, as if to say, “yes, gravity still works.”

During the winter and summer solstices, crowds flock to Stonehenge in the United Kingdom. During the solstices, the sun either rises or sets in line with the layout of the 5,000-year-old-monument. And while some visit Stonehenge for the spring equinox too, the real place to be is in Mexico.
That’s because on the equinox, the pyramid at Chichen Itza on the Yucatan Peninsula puts on a wondrous show. Built by the Mayans around 1,000 years ago, the pyramid is designed to cast a shadow on the equinox outlining the body of Kukulkan, a feathered snake god. A serpent-head statue is located at the bottom of the pyramid, and as the sun sets on the day of the equinox, the sunlight and shadow show the body of the serpent joining with the head.

If only winter would end like this:

So break out the new brooms, rakes, shovels; check out the local garden center for bedding plants and start unearthing last years Spring and Summer clothes; it’s Spring.

Pondering the Pundits

Pondering the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news media and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Pondering the Pundits”.

Follow us on Twitter @StarsHollowGzt

Paul Waldman: The nation’s governors are succeeding where Trump fails

Right now the country faces a public health crisis, which is producing an economic crisis. While in Washington they’re concentrating mostly on the latter, which they have the power to address with the enormous tools at their disposal (like throwing a trillion or two dollars at the coming recession), it’s at the state level where many of the most critical decisions about public health are being made.

Which has brought new attention to the nation’s governors, particularly those who seem to be rising to the occasion and offering the kind of leadership that isn’t coming from the White House.

You could see it in a spat that erupted when President Trump went after Michigan Governor Gretchen Whitmer. She said something critical of the president’s response to the coronavirus, leading him (of course) to insult her as a “failed” governor. She responded by listing some of the many actions she has taken to address the crisis. [..]

So while Trump’s response to the crisis has been somewhere between incompetent and catastrophic, governors have for the most part been acting aggressively and winning praise for it. That’s an important political point: While for Trump every appalling press conference, idiotic statement, or self-congratulatory interview produces a flood of criticism from congressional Democrats and commentators like yours truly, at the state level there has been a good degree of bipartisan cooperation and comity.

Michelle Cottle: Well Played, Bernie Sanders

But for the sake of the Democratic Party and the nation, it’s time to step aside and join forces with Joe Biden.

It is time to bid a gentle and grateful farewell to Bernie Sanders’s quest for the presidency.

On Tuesday, even as the coronavirus pandemic roiled the primaries and kept some voters away from the polls, Joe Biden swept to victory in three states — Illinois, Arizona and Florida. The results were not close. In Florida, with 219 delegates on the line, Mr. Biden bested Mr. Sanders by some 40 points, winning every county in the state. In Illinois, with its 155 delegates, his margin of victory topped 20 points.

The harder you look at the math and at the voting coalition that Mr. Biden has put together, the harder it is to see a way for Mr. Sanders to make a comeback. [..]

America is in crisis, with little sense of where this pandemic is headed. Mr. Sanders has an opportunity to show leadership by acknowledging his grim electoral position, putting aside his presidential ambitions and working to help heal the rifts in the Democratic Party.

Mr. Biden, in turn, has a responsibility to respect the power of Mr. Sanders’s movement — its ideas, its energy, its people. Progressives, especially younger voters, have grave doubts about whether Mr. Biden understands, much less can be trusted to address, their concerns and everyday struggles. He must work overtime to win their confidence.

Michael Tomasky: Sanders Is Betting It All on New York. Big Mistake.

Despite its liberal reputation, the state is where insurgent candidacies have come to die.

After a second consecutive week of convincing defeats, Bernie Sanders is facing intense pressure to drop out of the Democratic presidential race. At noon Wednesday, his campaign suspended its Facebook advertising.

The candidate has made no announcement yet, but according to a Politico article Tuesday, his aides were girding for the campaign to continue at least through April 28 — the so-called Acela Primary, featuring multiple Eastern Seaboard states, most notably New York and its 274 delegates. “Sanders’ aides have long thought that he would have a good shot in the Empire State,” read one sentence in particular that caught my eye.

The idea that New York might back Mr. Sanders sounds plausible on its face. New York has a reputation for being liberal, even ultraliberal; Williamsburg and Bushwick, and the young left-leaning voters therein, get a lot more media attention than Utica and Jamestown.

Alas, history does not support the contention. In fact, history smothers it. I know. I covered it.

Adam Gafney: Trump sees the coronavirus as a threat to his self-interest – not to people

Trump has made it clear he sees this pandemic chiefly as a threat to the market and wealthy people’s interests (and relatedly, his political future)

A fictional film about a US president mismanaging the response to a dangerous pandemic would never depict its lead character anywhere near as selfish and bumbling as Donald Trump in the age of Covid-19. He’d be too cartoonish and inept to be believable.

And yet, here we are. At a press conference on Sunday – the same day that state governors declared closures of bars and restaurants and when the Covid-19 death count shot up in Italy – the American president spent more time gushing over the Federal Reserve’s interest rate cut, heaping praise on big corporate retailers for keeping Americans well-supplied, and praising Friday’s rise in the stock market (“almost 2,000 points!”) than, say, addressing the health concerns of the public.

Trump’s response goes beyond incompetence – it’s a political abomination. However uncoordinated his administration’s moves have been, Trump has made it clear he sees this pandemic chiefly as a threat to the market and wealthy people’s personal interests (and relatedly, his own political future) – not to the people whose lives it will threaten or claim.

Amanda Marcotte: Bernie needs to step back and let other progressive leaders flourish — especially women

Sanders loses again, but a victory for pro-choice progressive Marie Newman in Illinois shows the path forward

Tuesday night was another round of major losses in the Democratic presidential primary for Sen. Bernie Sanders. Ohio may have delayed its primary, but in the states that still had voting — Florida, Illinois and Arizona — Sanders fell 8-12 percentage points below what he got in the 2016 primary race, despite having four years steadily building his national presence. Former Vice President Joe Biden is now so far ahead in the delegate count so far that for all intents and purposes, it’s impossible for Sanders to catch up.

The Sanders ceiling is real. But that doesn’t mean that there’s no hope for the progressive movement going forward. On the contrary, on the same Tuesday night that likely ended the 2020 Sanders campaign there was a major progressive victory in the Chicago suburbs, as Marie Newman finally ousted Rep. Dan Lipinski, a conservative Democrat who inherited the seat from his father, Bill Lipinski, and has been in the family since 1982. [..]

In the face of his evident primary defeat, therefore, the best thing Sanders can do to prove that this is about “us” and not “me” is to step back as the leader and let others come forward, younger figures who may be better positioned than Sanders to expand the progressive base past that ceiling Sanders keeps hitting. Bernie can do one last, big thing for the progressive movement to which he’s dedicated his life in politics: Let others take over, especially younger women, as we move into the third decade of the 21st century.

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