U.S. May Deficit Nearly Doubles to $399 Billion
June 10th, 2020Via: Reuters:
The U.S. federal budget deficit in May nearly doubled to $399 billion from a year earlier amid continued strong spending on coronavirus relief programs and a 25% drop in receipts, the Treasury Department said on Wednesday.
The May deficit brought the year-to-date fiscal deficit to $1.88 trillion, already eclipsing the previous full-year record of $1.4 trillion in 2009, with some analysts predicting a gap as high as $3.8 trillion for the fiscal year to Sept. 30.
“Willy G” Tells the Truth
June 10th, 2020This is a good one.
Via: Willy G.’s Dystopian Future:
Audio Engineers Built a Shield to Deflect Police Sound Cannons
June 10th, 2020I wouldn’t mess around with this. If police or military are willing to use LRAD on a crowd, permanent hearing loss could easily result.
Via: Vice:
Over the past two weeks, cops have been deploying every tool at their disposal to suppress worldwide protests and riots over the deaths of George Floyd, Breonna Taylor, Tony McDade, and other Black citizens killed by police.
Since the protests began, demonstrators in multiple cities have reported spotting LRADs, or Long-Range Acoustic Devices, sonic weapons that blast sound waves at crowds over large distances and can cause permanent hearing loss. In response, two audio engineers from New York City have designed and built a shield which they say can block and even partially reflect these harmful sonic blasts back at the police.
Perspectives on the Pandemic: The (Undercover) Epicenter Nurse
June 10th, 2020What happened in New York was definitely mass murder for profit.
Via: Journeyman Pictures:
Erin Marie Olszewski is a Nurse-turned-investigative journalist, who has spent the last few months on the frontlines of the coronavirus pandemic, on the inside in two radically different settings. Two hospitals. One private, the other public. One in Florida, the other in New York.
And not just any New York public hospital, but the “epicenter of the epicenter” itself, the infamous Elmhurst in Donald Trump’s Queens. As a result of these diametrically opposed experiences, she has the ultimate “perspective on the pandemic”. She has been where there have been the most deaths attributed to Covid-19 and where there have been the least.
Erin enlisted in the Army when she was 17. She deployed in support of Operation Iraqi Freedom in 2003. Part of her duties involved overseeing aid disbursement and improvements to hospital facilities. While in country she received the Army Commendation Medal for meritorious service, and was wounded in combat. Erin eventually retired as a sergeant, and became a civilian nurse in 2012.
Erin is a medical freedom and informed consent advocate. She co-founded the Florida Freedom Alliance but no longer has any connection with the organization.
Different Nurse: Nurse in New York Thinks Cases of Medical Incompetence She’s Witnessing Amount to Murder
Apple Plans to Announce Move to Its Own Mac Chips at WWDC
June 9th, 2020If Intel’s stagnation was the problem, I wonder why Apple didn’t move to AMD’s Ryzen chips? This piece over at MacWorld speculates that it might be related to the general lack of support for Thunderbolt 3 on AMD.
Via: Bloomberg:
Apple Inc. is preparing to announce a shift to its own main processors in Mac computers, replacing chips from Intel Corp., as early as this month at its annual developer conference, according to people familiar with the plans.
The company is holding WWDC the week of June 22. Unveiling the initiative, codenamed Kalamata, at the event would give outside developers time to adjust before new Macs roll out in 2021, the people said.
Rabo: “Insolvent US Companies Should Take The Fed’s New Bailout Loans And Just Buy The S&P”
June 9th, 2020Via: Zero Hedge:
The S&P is now up for the year. Which is pretty much what one would expect against the backdrop of the World Bank calling a deep global recession, the worst US economic downturn since the 1930s, and the worst civil unrest since 1968.
Starlink Releases Small Amount of Technical Information During Reddit Ask Me Anything
June 8th, 2020Via: GeekWire:
SpaceX’s Starlink satellite constellation is still deep into testing mode, but it’s already generating 5 trillion bytes of data on a daily basis and getting software updates on a weekly basis.
Those are a couple of the nuggets coming from a weekend Reddit “Ask Me Anything” session featuring SpaceX’s software team.
The main focus of the online chat was SpaceX’s successful mission sending NASA astronauts Bob Behnken and Doug Hurley to the International Space Station in a Crew Dragon capsule — but one of the team members, Matt Monson, has moved on from Dragon to take charge of Starlink software development.
Over 95% of UK “Covid19” Deaths Had “Pre-Existing Condition”
June 8th, 2020Via: Off Guardian:
Over 95% of “COVID Deaths” recorded in England and Wales had potentially serious comorbidities, according to statistics released by NHS England.
The latest figures make for pretty stark reading. Or, rather, they would make for stark reading…if they didn’t follow the exact same pattern already shown in other nations around the world.
Wealthy Fleeing San Francisco for Surrounding Areas
June 8th, 2020Let the lunatics wreck the place, spread shit and used needles everywhere, etc. drive down prices, then come back and do it all again.
Via: San Francisco Chronicle:
Amid the depths of a global pandemic and financial downturn, the demand for real estate is unexpectedly rocketing in wealthy regions outside San Francisco, reports Bloomberg. Agents say that demand is soaring in affluent areas around the Bay Area such as Napa, Marin and further afield in Carmel, as people who have the means look to get away from the city. Meanwhile, the market in San Francisco and Alameda County is still well below where it was last year.
Elsewhere, Lake Tahoe has also seen a surge in real estate interest. The prospect of living out of the city on an alpine lake while maintaining a career is appealing for a new generation of young buyers, as many tech companies have signaled that remote work may be the new norm for a long time.
“I’ve never seen the demand higher for Marin County real estate than when COVID-19 hit,” Sotheby’s Josh Burns told Bloomberg this week, as real estate agents see a surprising uptick in wealthy buyers leaving San Francisco.
“A Crash in the Dollar Is Coming”
June 8th, 2020Bloomberg now reads like an economic doom blog.
Does that mean:
Yes, the dollar collapse is finally here.
or…
Nope, made you look. Again.
What will it take to finally collapse the dollar?
Does it matter that the U.S. is two, ten, twenty, thirty or one hundred trillion dollars in debt? Is there any difference? Where is the straw that breaks the camel’s back?
My guess is that it will happen when the private jet class is loaded up short and they light the fuse on the next crisis.
Via: Bloomberg:
The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a U.S. that drew freely on the rest of the world to support its over-extended standard of living. For almost 60 years, the world complained but did nothing about it. Those days are over.
