Saturday’s news links – Nov. 7, 2020

Coronavirus

Dr. Fauci’s worst coronavirus prediction has come true BGR

Jacob Blake

Prosecutors in Kenosha Drop Sexual Assault Charge Against Jacob Blake NYTimes

Mr. Blake, a 29-year-old Black man, was partly paralyzed after a white police officer shot him seven times in the back in Kenosha, Wis., in August, setting off protests.

Great Depression

Jobs Picture Emerges of Weird Recovery to Historically Awful Level Wolf Street

In percentage terms, employment in October was still down 6.1% from a year ago. While this is a big improvement from the 13.4% plunge in April, it remains the steepest year-over-year drop in employment prior to the Pandemic since 1945.

A Quick Look Under The Hood Of The October Jobs Report Heisenberg Report

As ever, it’s important to look under the proverbial hood for evidence of the dreaded “scarring” effect that Jerome Powell (and other Fed officials) have consistently warned about since the onset of the pandemic. Jumping right in, long-term unemployment rose to 32.5% in October. That’s up sharply from 19.1% in September.

How much of the stock market’s rise over the last 11 years is due to QE? Here’s an estimate MarketWatch (QE = Quantitative Easing = central bank – The Fed – “printing” money, creating massive amounts of money to buy the bonds of governments, banks and other major companies.

How America’s election count looks to the rest of the world Boing Boing

The Electoral College Is Close. The Popular Vote Isn’t. NYTimes

Goodbye Trump? Resumen

Has Donald Trump had his Joe McCarthy moment? The Conversation

Trump-associated firm helped send unmarked texts urging vote protests in Philadelphia Washington Post

In a speech of historic dishonesty, Trump tried to reinforce his long-planned effort to retain power Washington Post

Sixth anniversary of the Volunteer Communist Detachment in Donbass

How Ukraine wants to influence the Vitaly Markiv trial

See yesterday’s news links here


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