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Thursday, November 21, 2024

2:00PM Water Cooler 10/3/2024 | bare capitalism

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By Lambert Strether of Corrente.

Extraordinarily affected person readers, I’m afraid brunch acquired totally uncontrolled. So that is fairly skeletal, though I’ll add in as a lot as I can, as quick as I can! Within the meantime, speak amongst yourselves! –lambert

Chook Track of the Day

Blue Mockingbird, alongside the canal, Oaxaca, MX (17,2, -96,751), Etla, Oaxaca, Mexico.

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In Case You Would possibly Miss…

  1. Boeing and Longshoremen strikes.
  2. UCLA instruments up.

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Politics

“So lots 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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Trump Assassination Makes an attempt (Plural)

2024

Lower than forty days to go!

Friday’s RCP Ballot Averages:

This week’s crop of flag-of-convenience Democrat celebrities and generals didn’t flip the tide both. Regardless of the micturition and lamentation (very a lot together with my very own) concerning the Trump marketing campaign dogging it when the election is theirs to win (see Gallup, “2024 Election Surroundings Favorable to GOP” on the problems) do be aware the regular deterioration in Kamala’s place within the (aggregated) prime battlegrounds. (After all, we on the skin may as effectively be inspecting the entrails of birds once we attempt to predict what is going to occur to a subset of voters (undecided; irregular) in a subset of states (swing), and the irregulars particularly may as effectively be quantum foam, however presumably the marketing campaign professionals have higher information, and have the scenario as beneath management as it may be MR SUBLIMINAL Fooled ya. Kidding!.

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Kamala (D): “Opinion: Vance is true. Harris and Walz are a menace to People’ free speech” [Jonathan Turley, USA Today]. On “fireplace in a croweded theatre: “[Walz] cited a case through which socialists Charles Schenck and Elizabeth Baer have been arrested and convicted of violating the Espionage Act of 1917. Their ‘crime’ was to go out flyers in opposition to the army draft throughout World Conflict I. Schenck and Baer referred to as on their fellow residents to not ‘undergo intimidation’ and to ‘assert your rights.’ They argued, ‘If you don’t assert and help your rights, you might be serving to to disclaim or disparage rights which it’s the solemn responsibility of all residents and residents of the US to retain.’ In addition they described the army draft as ‘involuntary servitude.’ Holmes used his ‘fireplace in a theater’; line to justify the abusive conviction and incarceration. On the Home listening to, once I was making an attempt to clarify that the justice later walked away from the road and Schenck was successfully overturned in 1969 in Brandenburg v. Ohio, [Rep. Dan Goldman, D-N.Y.] minimize me off and mentioned, ‘We don’t want a regulation class right here.’ Within the vice presidential debate, Walz confirmed that he and different Democratic leaders most actually do want a category in First Modification regulation.”

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Trump (R): “Trump calls Jack Smith submitting ‘pure election interference’ ” [NewsNation]. “Former President Donald Trump referred to as the unsealing of paperwork in his election interference case by particular counsel Jack Smith a “weaponization of the federal government” throughout an unique interview with NewsNation on Wednesday in Houston, Texas. The Republican nominee was at a personal fundraiser when he instructed NewsNation’s Ali Bradley that Smith is a ‘deranged particular person’ following the dismissal of his separate labeled paperwork case in July. ‘This was a weaponization of the federal government … and launched 30 days earlier than the election,’ Trump mentioned of Wednesday’s developments. ‘My ballot numbers have gone up as an alternative of down. It’s pure election interference.’ The interview got here after prosecutors, in a court docket submitting unsealed Wednesday, mentioned Trump “resorted to crimes” after dropping the 2020 election by disregarding the recommendation of his vp and different aides.”

Realignment and Legitimacy

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 Sources, 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 handle given with the vegetation. Please put “COVID” within the topic line. Thanks!

Sources, 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 reviews); 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).

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

Sources, 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, Tom B., Utah, Bob White (3).

Keep secure on the market!

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TABLE 1: Each day Covid Charts

Lambert right here: Ultimately, the wastewater information seems improved. Apparenltly, we dodged a “Again to College” bullet, at the least on the nationwide stage. The wastewater drop is bolstered by the positivity numbers as effectively.

Wastewater
This week[1] CDC September 23 Final Week[2] CDC (till subsequent week):

Variants [3] CDC September 28 Emergency Room Visits[4] CDC September 21

Hospitalization
New York[5] New York State, information October 1:

Nationwide [6] CDC September 7:

Positivity
Nationwide[7] Walgreens September 30: Ohio[8] Cleveland Clinic September 26:

Vacationers Information
Positivity[9] CDC September 9: Variants[10] CDC September 9:

Deaths
Weekly Deaths vs. % Positivity [11]CDC September 21: Weekly Deaths vs. ED Visits [12]CDC September 21:

LEGEND

1) for charts new at the moment; all others aren’t 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) This week’s wastewater map, with sizzling spots annotated. A lot much less intense!

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

[3] (CDC Variants) KP.* very fashionable. XEC has entered the chat.

[4] (ED) Down, however value noting that Emergency Division use is now on a par with the primary wave, in 2020.

[5] (Hospitalization: NY) Positively down.

[6] (Hospitalization: CDC).

[7] (Walgreens) Huge drop continues!

[8] (Cleveland) Dropping.

[9] (Vacationers: Positivity) Up, although lagged.

[10] (Vacationers: Variants).

[11] Deaths low, positivity down.

[12] Deaths low, ED down.

Stats Watch

Employment State of affairs: “United States Preliminary Jobless Claims” [Trading Economics]. “The variety of folks claiming unemployment advantages within the US rose by 6,000 from the earlier week to 225,000 on the interval ending September twenty eighth, surpassing market expectations of 220,000 to mark a brand new three-week excessive. The rise in claims stored preliminary counts above the averages recorded earlier this yr, reinforcing the development of a softening labor market and supporting predictions that the Federal Reserve will implement charge cuts in every remaining resolution this yr.”

Employment SItuation: “United States Challenger Job Cuts” [Trading Economics]. “US employers introduced 72,821 job cuts in September 2024, barely down from 75,891 in August, however 53% greater than 47,457 a yr earlier. Expertise introduced essentially the most job cuts….”

Manufacturing: “United States Manufacturing facility Orders” [Trading Economics]. “New orders for US manufactured items eased by 0.2% from the earlier month to $590.4 billion in August of 2024, trimming the downwardly revised 4.9% leap within the earlier month, and lacking forecasts that it might have remained unchanged.”

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“Everybody Is Getting the Dockworkers Strike All Unsuitable” [Salon]. “Sure, it’s a narrative about modern-day labor anxieties and union leverage—but it surely’s additionally about one thing much more advanced than your typical workers-vs.-bosses toss-up…. However the dockworkers of at the moment need to be expert, educated, and dexterous sufficient to make sure that the incoming freight vehicles, the hefty gear, the doubtless hazardous cargo, and the boats themselves function safely and easily all through all steps of the method… That premium on talent and labor, added to the union’s historic power, makes these dockworkers ‘the highest-paid blue-collar staff within the nation,’ because the American Prospect notes… The primary sticking level, nonetheless, is displacement. The enterprise pursuits in command of the ports wish to embed extra self-propelling expertise inside dock work, whether or not that constitutes automated vehicles, gates, or cranes. This development has taken off at dozens of ports internationally. Nonetheless, a number of research and real-world examples have proven that full or semi-automation doesn’t really do a lot to scale back prices or enhance effectivity on the docks, though in sure purposes, it could assist to make sure human security. And therein lies one other main battle about tech on the docks: The Maritime Alliance is interested by leaving some leeway for automation, however the dockworkers need completely none. The work could also be grueling, but it surely’s among the many few organized blue-collar professions that may provide its workers a strong way of life and dignity.”

Manufacturing: “Boeing Jet Catches Fireplace Earlier than Takeoff, Prompting Airport Closure” [Men’s Journal]. “Nearly 200 vacationers have been evacuated from a Boeing jet as partitions of flames spewed from one of many engines, video shared to X (previously Twitter) reveals. The incident occurred early on Wednesday morning at Italy’s Brindisi Airport shortly earlier than a Boeing 737 operated by Ryanair was scheduled to take off. Smoke stuffed the cabin as crews shortly responded and evacuated the jet, however not earlier than one passenger captured footage of the flames licking the airplane’s window.” • Whoops. (Reuters mentions “fumes.”)

Manufacturing: “Boeing’s Frail Funds Give Strikers All of the Energy” [Bloomberg]. “The corporate is in a dire monetary place, burning by means of billions of {dollars} of money and teetering on the edge of getting its credit standing minimize to junk. The corporate has floated the thought of elevating $10 billion or extra by promoting shares, which wouldn’t occur till the strike is resolved. The roughly 33,000 machinists on strike know this. Time is on their aspect. … Boeing wants to succeed in a take care of its hanging staff and crank up plane manufacturing. The backlog of plane orders is piling up. That is money and monetary aid simply ready to be unlocked. Little doubt a hefty pay elevate will squeeze future revenue margins, but it surely’s unlikely the corporate, being in corresponding to weakened state, can outlast the dedication of its staff…. It’s time for brand new Chief Government Officer Kelly Ortberg to settle this strike and start to restore labor relations. With out buy-in from its workforce, the corporate can’t start to alter a factory-floor tradition that had eroded on security and high quality to the purpose the place the Federal Aviation Administration needed to intervene.”

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Immediately’s Concern & Greed Index: 67 Greed (earlier shut: 68 Greed) [CNN]. One week in the past: 68 (Greed). (0 is Excessive Concern; 100 is Excessive Greed). Final up to date Oct 3 at 1:53:13 PM ET.

Zeitgeist Watch

Certainly not?

Gallery

For Alma-Tadema stans, thread value studying in full:

Groves of Academe

“College students and school object to UCLA’s buy of extra army {hardware}” [Los Angeles Public Press]. “The College of California Regents authorised the acquisition of army gear at September’s UC Regents assembly at UCLA. The unanimous vote befell behind closed doorways whereas the UCLA Police Division (UCPD), wearing riot gear, compelled those that got here to provide public remark exterior of the constructing. The authorised purchases embrace 3,000 rounds of pepper munitions, 500 rounds of 40mm impression munitions, 12 drones, and 9 less-lethal launchers throughout six College of California campuses.” • Oh.

Information of the Wired

No:

Make that holder coin-operated, and also you’ve acquired a rentier’s cup.

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Contact data for vegetation: Readers, be at liberty to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, to (a) learn the way to ship me a test if you’re allergic to PayPal and (b) to learn the way to ship me photographs of vegetation. Greens are high quality! Fungi, lichen, and coral are deemed to be honorary vegetation! In order for you your deal with to look as a credit score, please place it at first of your mail in parentheses: (thus). In any other case, I’ll anonymize by utilizing your initials. See the earlier Water Cooler (with plant) right here. From TH:

TH writes: “That is a type of that may drive you loopy. Vertical strains are right and even the horizontal railing is nice, however the breakwater simply above it provides an phantasm of off-kilterness (phrase?).” Readers?

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