Friday, April 10, 2020

In the news, Monday, March 30, 2020


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MAR 29      INDEX      MAR 31
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from Axios
LEFT-CENTER BIAS,  HIGH,  news website

America's grimmest month
President Trump asked Americans to continue social distancing until April 30, officials warned that tens or even hundreds of thousands of Americans could die — and that's the least depressing scenario. April is going to be very hard. But public health officials are in agreement that hunkering down — in our own homes — and weathering one of the darkest months in American history is the only way to prevent millions of American deaths.

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from BBC News (UK)

Coronavirus: India's pandemic lockdown turns into a human tragedy
All over India, millions of migrant workers are fleeing its shuttered cities and trekking home to their villages. These informal workers are the backbone of the big city economy, constructing houses, cooking food, serving in eateries, delivering takeaways, cutting hair in salons, making automobiles, plumbing toilets and delivering newspapers, among other things. Escaping poverty in their villages, most of the estimated 100 million of them live in squalid housing in congested urban ghettos and aspire for upward mobility.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


This Is Not a Recession—This Is a Government-Imposed Shutdown of the Private Sector
Economists and Wall Street analysts are using the word recession to describe the looming plunge in output in the US economy. We’ll just make the point early that economists, exhibiting the typical emptiness of their failed science, can’t even agree on the definition of recession. Undeterred by lacking a definition, the geniuses at Goldman Sachs and elsewhere on Wall Street are unrestrained in predicting the imminent arrival of the condition they can’t describe. We are about to enter a production slowdown—a collapse, really—not because some businesses miscalculated their investments, but because government intervened drastically and without warning to shut down all businesses.

The Political Management of the Coronavirus Crisis
We may currently be facing the biggest economic crisis of all time, because it is a multifaceted crisis: first, there is the pandemic with its disastrous direct consequences for tourism, the service sector, and trade. Secondly, there is an oil price shock with a geopolitical background. Third, there is a shock caused by supply chain disruption due to heavy reliance on just-in-time production and distant producers. Fourth, there is a crisis of confidence due to differing risk assessments and disagreements about whether Western governments are guilty of negligence or fearmongering to massively restrict civil liberties. Finally, the ultimately inevitable correction of an overstretched “everything bubble” in which the traditional instruments of monetary policy have been exhausted. The less agile and adaptive a society is, the more severe its impotence in a crisis. Thanks to an obsessive reliance on monetary policy to fix every problem, our society has increasingly abandoned innovation and productivity.

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from The North American Anglican
Media/News Company: "A journal of orthodox theology in the Anglican tradition"

THE REV. BEN JEFFERIES: As Anglican churches across the country have scrambled to adapt to mandates from civil and ecclesial authorities in response to the COVID-19 pandemic, a number of tenets of Eucharistic theology have been asserted and circulated across the province that have been received without sufficient theological analysis. In a time of crisis, quick decisions are necessarily made, but if we don’t sift through those decisions after the fact, we are liable to unintentionally import errors into our doctrine and worship. I think in this unusual moment in history, our Eucharistology is being threatened by un-Anglican views on four fronts — in both Reformed and Romish directions — resulting from practical decisions (and their rationales) that have been made or ordered, which I shall quote and then analyze.

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from Psephizo  (blog)

On plagues, judgement, and the Book of Revelation
Is God using the Covid-19 virus and the ensuing crisis to punish people and bring them to repentance? Two voices I have read recently are quite clear that the answer is ‘Yes’.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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from The Washington Examiner
News & Media Website in Washington, DC

List: Industries and groups that got special consideration in the $2.3 trillion pandemic relief bill
The $2.3 trillion pandemic relief legislation signed by President Trump is meant to aid various big industries, small businesses, and laid-off workers, but it will also reward some unexpected special interests. The bill will allow casinos to apply for billions in Treasury loans, prison inmates to get free video and phone calls during the pandemic, and grant banks several deregulation measures.

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