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Trump's Corona Crash - Ends Globalisation

by Oui Thu Mar 12th, 2020 at 12:20:41 PM EST

How coronavirus and an oil war have pushed the stock market from boom to bust | ABC News |

More below the fold ...



Trump To Nation: 'I Failed, Border Wall Failed US’

Trump suspends travel from most of Europe amid coronavirus outbreak | The Guardian |

Donald Trump has announced that the US would temporarily suspend most travel from the European Union, as the country reckons with the spread of coronavirus and the White House grapples with the severity of the situation.

The restrictions, which would begin on Friday and last for 30 days, would not apply to US citizens or to travelers from the UK, he said. The restrictions apply to most foreign nationals who have been in the 26 countries of the Schengen area during the 14 days before their planned arrival in the US.

Trump made the announcement in an Oval Office speech on Wednesday evening on the federal response to what the World Health Organization has declared a global pandemic.

During the rare address to the nation, Trump defended his administration’s response while laying blame on the European Union for not acting quickly enough to address the “foreign virus”, saying US clusters had been “seeded” by European travelers.

‘He’s gonna get us all killed’: sense of unease after Trump coronavirus speech

Many observers found the address unreassuring and downright weird. Susan Glasser, a staff writer from the New Yorker, tweeted:

David Litt, who wrote speeches for Obama, posted:

Trump’s second Oval Office address was over in 10 minutes. Then a man off camera said: “We’re clear.” The president unbuttoned his jacket and exclaimed with relief: “OK!”

To millions of viewers, it was anything but.

Boasting once more after the obvious echec of unpreparedness of US Homeland Security Pandemic specialists …

See my previous diary …

○ Covid-19 Pandemic: Europe and America Next

Display:
Trump's Corona Crash - Ends Globalisation | 36 comments (36 topical, 0 editorial, 0 hidden)
Wall Street: 11-Year Bull-run Ends (none / 0)

After the Bush Banking Crisis ... 8-Years of Barak Obama and it took Trump 3-Years to squander the gains, spread distrust and alienated our closest allies ... FAKE STORY: AMGA !!

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Thu Mar 12th, 2020 at 01:28:35 PM EST
Re: Wall Street: 11-Year Bull-run Ends (none / 0)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Thu Mar 12th, 2020 at 01:30:54 PM EST
[ Parent ]
BREAKING: Ireland Shuts Down Schools (none / 0)



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Thu Mar 12th, 2020 at 01:40:17 PM EST
COBRA Meeting: UK Measures COVID-19 (none / 1)
○ Coronavirus: PM set to escalate UK's response in a matter of hours | Sky News |



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Thu Mar 12th, 2020 at 01:47:13 PM EST
Leo Varadkar at the White House (none / 1)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Thu Mar 12th, 2020 at 04:02:39 PM EST
Football & Sports Suspended In Europe (none / 1)
Coronavirus: La Liga, Eredivisie, Primeira Liga & MLS suspended

On a local level infecting my activities on Saturday, all Youth Field Hockey matches have been canceled for the month of March. I have been keeping a low profile as I did not trust the official RIVM protocol. Too relaxed and mixed messages from PM Mark Rutte.

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Thu Mar 12th, 2020 at 05:19:34 PM EST
Re: Football & Sports Suspended In Europe (4.00 / 2)
Too relaxed and mixed messages from PM Mark Rutte

You mean mixed like this?

by Bernard on Thu Mar 12th, 2020 at 06:18:28 PM EST
[ Parent ]
Re: Trump's Corona Crash - Ends Globalisation (4.00 / 2)
As we used to say on ET ten years ago: Wheeeeeee!
by Bernard on Thu Mar 12th, 2020 at 08:09:55 PM EST
Is this good? (none / 1)
by generic on Fri Mar 13th, 2020 at 01:21:01 AM EST
[ Parent ]
Re: Is this good? (none / 1)
Yes.

In principle, which is ultimately everyone's realization that securities (read: ownership of issuer's future revenue) are worthless. The price of a security measures the buyer's surplus or disposable income, credit. It does not measure Q or V tangible goods or labor that constitute "real" productive industry.

Even the currency value exchanged between market participants scarcely enters circulation because securities' holders are motivated by the belief that volume arbitrages accumulate "savings" (read: future sales proceeds) and demand (read: price) in the "imaginary". More important, "realized" profits don't buy real goods or labor wages. They've been buying the prevailing price of more securities.

It seemed to me, a great many corporations over time stopped paying dividends to shareholders ~ the dotcom crash and ever since adopted bond strategies to raise capital (to execute feckless projects) and attractive shareholder reserves, fixing price floors of industry output. Gov policies to divert tax revenue and earned income "savings" from into the market inflated the whole ponzi structure and ideation of "wealth" and property and "profit maximization". Typical.

So as far as I'm concerned, price indices of "confidence" in the market value and trading activity of their component securities can go to hell. Or back to 1980 benchmark "froth". Or, ideally, the cash on hand in every corporate balance sheet is reduced to $11.3M.

by Cat on Fri Mar 13th, 2020 at 05:23:08 AM EST
[ Parent ]
Re: Is this good? (none / 0)
If you have to ask, you're not ready for revolution.
by Cat on Fri Mar 13th, 2020 at 09:48:17 PM EST
[ Parent ]
Re: Is this good? (none / 0)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 10:06:44 PM EST
[ Parent ]
Re: Trump's Corona Crash - Ends Globalisation (none / 0)
What a coincidence.


by Cat on Thu Mar 12th, 2020 at 10:50:10 PM EST
COVID-19: Iran's Hereditary Immunodeficiency (none / 0)
Iran's coronavirus outbreak due to hereditary immunodeficiency; ex-KCDC head

A former director of the Korea Centers for Disease Control and Prevention has claimed that the sizeable COVID-19 outbreak in Iran is attributable to the country's having a large number of hereditary immunodeficiency patients.

"A lot of people in the medical community do not know about such an issue, but Iran has a lot of hereditary immunodeficiency patients, and many Korean companies export antibodies to Iran," Professor Jung Ki-seok at Hallym University Sacred Hospital said during a recent interview with MBC Radio. "It is necessary to look at such ethnic characteristics,"

While Korea does not have many people with hereditary immunodeficiency, those who have this problem need to be doubly cautious about coronavirus, he added.

Commenting on the situation in Italy, Jung said, "A quarter of confirmed COVID-19 patients in Italy are elderly people, while the average age of patients who have died is 81 years old," Jung said. "Such numbers are a testament that the elderly have a weak immune system."

The professor also pointed out that the Italian government failed to conduct a successful early quarantine against COVID-19 because of its relationship with China.

"Italy has a lot of exchanges with China, and the country can be seen as an example of failed quarantine attempt," Jung said. "Besides, the lack of borders in the EU has made it difficult to carry out quarantine measures."  

○ Who is getting sick, and how sick? A breakdown of coronavirus risk by demographic factors

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Fri Mar 13th, 2020 at 05:51:12 AM EST
US: Health Services Criminal Intent (none / 0)
Just unbelievable ... Criminal-In-Chief in the White House

Confusion over the availability and criteria for coronavirus testing is leaving sick people wondering if they're infected | CNN Video |



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 10:42:35 AM EST
Re: US: Health Services Criminal Intent (none / 0)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 07:29:38 PM EST
[ Parent ]
Trump's Corona Crash - Populism Failing (none / 0)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 10:47:11 AM EST
Trump's Corona Crash: Science Suspended (none / 0)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 10:52:28 AM EST
Boris' Corona Crash: Football Suspended (none / 0)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 11:19:30 AM EST
Re: Trump's Corona Crash - Ends Globalisation (none / 0)


Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 11:46:31 AM EST
Italy Covid-19: Nine Chinese Experts Arrived (4.00 / 2)
China sends epidemic experts to Italy to help fight COVID-19



Global Warming - distance between America and Europe is steadily increasing.

by Oui on Fri Mar 13th, 2020 at 12:35:15 PM EST
Trump's Special Talent About COVID-19 (none / 0)



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 03:44:11 PM EST
COVID-19: Trump To Invoke Stafford Act? (none / 0)

Funding Public Health Emergency Preparedness in the United States



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 04:25:14 PM EST
Trump's Executive Talk: Freudian Gossip (none / 0)
Every decision by Trump has a Freudian inference ...

The succes formula of the election win: MAGA and policy based on unipolar military greatness spelled P O P U L I S M.

'I don't want people dying': Trump defends travel ban after confusing primetime address | Politico |

... the president was largely dismissive of the international reaction. Trump insisted that stocks are "going to bounce back very big at the right time," and said he was justified in not telling EU officials about his maneuver.

"I mean, when they raise taxes on us, they don't consult us, and I think that's probably one in the same," he said, adding that "it takes a long time to make the individual calls."

...
Fauci also walked members of Congress through the administration's reasoning behind the travel ban during an appearance Thursday before the House Oversight Committee, explaining some of the complications inherent in initial iterations of the proposal.

"The discussion was, 'Why don't we just start off and say, banned from Italy?' We were told by the State Department and others that, in fact, you really can't do that because it's sort of like one country," Fauci said. "And the reason I believe that the U.K. was left out was because there is a difference between ease of transport, of transportation, between the European countries and the U.K."

Trump vs. Pence: The administration contradicts itself on coronavirus

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Fri Mar 13th, 2020 at 05:26:58 PM EST
COVID-19: The Brilliance of Our Medics ... (none / 0)
In the coronavirus crisis, our leaders are failing us | The Guardian - Opinion |

As I learned in the 2008 crash, a global problem requires governments to work together. Today's populist nationalism puts us all at risk.

[...]

Of course, the very idea of global collaboration - and the convening of what would be a "virtual" G20 - sits uneasily with the "America first", "China first", "India first" and "Russia first" populist nationalism that has been subdividing our world. Since the high point of cooperation in 2009, nationalists have been in the ascendant - building walls, closing borders, clamping down on immigrants and imposing tariffs. And what was first a protectionist nationalism has morphed into an aggressive us-versus-them unilateralism.

A calculated decision based on economic principles, not health concerns of its citizens.

School closures could wipe 3% from UK GDP, ministers warned

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Fri Mar 13th, 2020 at 07:23:53 PM EST
Re: COVID-19: The Brilliance of Our Medics ... (none / 1)
"China first" ... "Russia first"

From whom is that retcon propaganda coming? Humanitarian and military "aid" offered THIRD WORLD by both govs has been condemned by NATO members since 1945. Cuban medics can't even catch a break.
by Cat on Fri Mar 13th, 2020 at 07:49:35 PM EST
[ Parent ]
COVID-19: The Brilliance of Our Medics ... (none / 0)
Russian Federation - cases 34

WHO Map

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Fri Mar 13th, 2020 at 08:17:14 PM EST
[ Parent ]
Trump's Corona Crash: A National Emergency (none / 0)
.... ever since Trump "won" the presidency in Nov. 2016 😡



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Mar 13th, 2020 at 07:54:17 PM EST
ebola marketing UPDATE: A National Emergency (none / 1)
hmm, now that Team Trump (with trivial oppo from House Democrats) has agreed to cover all corporate bets from the FRB window, Dow's back up 9% and billionaire philanthropic pledges are rising.

Germany's CureVac says low-dose coronavirus vaccine could allow for mass production

In that field, it competes with U.S. biotech firm Moderna [!], which is also receiving CEPI funding, and German rival BioNTech, which Pfizer has identified as a potential collaboration partner.
China: Coronavirus Vaccine Could Be Ready for 'Emergency Use' in April
In the U.S., in a record-breaking pace, Massachusetts-based biotechnology company Moderna [!] shipped its vaccine last month to the National Institute of Allergy and Infectious Diseases to begin human testing.
Jack Ma to donate test kits, masks to U.S. in fight against coronavirus
he will donate 500,000 coronavirus testing kits and 1 million masks to the United States and urged international cooperation to fight the health crisis. Ma's initiative, a collaboration between his private charity and Alibaba Foundation, had recently donated relief materials to areas in Japan, Korea, Italy, Iran and Spain.
[...]
Silicon Valley billionaires Mark Zuckerberg and Bill Gates had recently announced initiatives to expand testing for the virus in their local areas.
A newly-created 'COVID-19 Task Force', which includes representation from the Chan Zuckerberg Initiative (CZI), Chan Zuckerberg Biohub, UCSF, and Stanford University, today [10 Mar] announced that they aim to quadruple UCSF's COVID-19 testing and diagnostics capacities by funding the acquisition of two state-of-the-art clinical diagnostic machines. Once approved by the FDA ...
by Cat on Sat Mar 14th, 2020 at 12:40:22 AM EST
[ Parent ]
Re: ebola marketing UPDATE: A National Emergency (4.00 / 2)
< wipes tears >
o, let's put a dollar figure on those pallets o' COMMUNIST PROPAGANDA. I mean, Why not?! $ after all how america measures errything. Especially the vig.


Medicare Administrative Contractor (MAC) COVID-19 Test PricingMarch 12, 2020

by Cat on Mon Mar 16th, 2020 at 07:27:01 PM EST
[ Parent ]
Re: ebola marketing UPDATE: A National Emergency (none / 1)

Google to HRM BoJo Trump: We've got an app sort of like that
That Google coronavirus website touted by Trump is still at an early stage
Google Contradicts Trump: Coronavirus Site in 'Early Stages'
needs moar stimulus, possibly weed

by Cat on Mon Mar 16th, 2020 at 08:51:25 PM EST
[ Parent ]
Donald Adds Country of Friend Boris to Travel Ban (none / 1)
○ Coronavirus: US adds UK and Ireland to European travel ban | Sky News |

<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Sat Mar 14th, 2020 at 04:24:02 PM EST
Re: Friend Boris to Travel Ban (none / 1)
Vietnam Business Operations and the Coronavirus: Updates
  • As of 12:00 pm on March 15, Vietnam will suspend all visas and deny entry to travelers from the UK and the 26 Schengen countries; this includes travelers that have visited or transited through these countries in the past 14 days. This will be effective for 30 days.
  • In addition, Vietnam has suspended visa on arrival for all foreign nationals except for those on official or diplomatic trips. Those who currently hold visas to enter Vietnam will need to undergo screenings and may be quarantined when entering the country.
  • As of March 15, Vietnam's Ministry of Health confirmed a total of 53 cases of COVID-19. 11 of the cases were foreigners on flights from the UK to Hanoi.
  • Vietnam will produce 10,000 COVID-19 test kits daily after a successful pilot and approval from the World Health Organization (WHO).
  • Vietnam on February 29 suspended the visa-waiver program for South Korean nationals. In addition, all incoming travelers from South Korea will be subject to a mandatory 14-day isolation. Around 700 passengers from South Korea are in quarantine at Can Tho as a precaution.
  • The US Centers for Disease Control and Prevention (CDC) on February 27, removed Vietnam from the list of destinations vulnerable to community transmission of COVID-19 citing Vietnam's comprehensive actions against the epidemic. The CDC will also send a delegation in March to enhance medical cooperation between the US and Vietnam. It also plans to establish a CDC regional office in the country.
&tc
by Cat on Sun Mar 15th, 2020 at 06:46:34 AM EST
[ Parent ]
Re: Trump's Corona Crash - Ends Globalisation (4.00 / 2)
by generic on Sat Mar 14th, 2020 at 06:01:00 PM EST
Re: Trump's Corona Crash - End of Civilization? (none / 0)
Australia: Man got tasered by customer in a toilet paper argument

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Sat Mar 14th, 2020 at 06:27:18 PM EST
[ Parent ]
Re: Trump's Corona Crash - End of Civilization? (none / 1)
That's actually rather funny.

Granted I have a rude & crude sense of humor.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sun Mar 15th, 2020 at 02:19:46 AM EST
[ Parent ]
Trump's Corona Crash - Ends Globalisation | 36 comments (36 topical, 0 editorial, 0 hidden)


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