Connect with us

Government

Blain: “The Chinese Must Be Laughing Their Heads Off…”

Blain: "The Chinese Must Be Laughing Their Heads Off…"

Published

on

Blain: "The Chinese Must Be Laughing Their Heads Off..." Tyler Durden Thu, 10/15/2020 - 08:14

Authored Bill Blain via MorningPorridge.com,

“Their aim is not to destroy us, but simply to author us and profit from that authorship.”

The new head of the UK’s security services, M15 said y’day: You might think in terms of the Russian intelligence services providing bursts of bad weather, while China is changing the climate.” 

The US election, Coronavirus economic instability and the growing threat of populism are likely to set the background for the next few years. But they won’t be the main story – that’s going to be defined by China’s continued rise and challenge to US and Western economic dominance.  The Chinese must be laughing their heads off at the way the West has been pole-axed economically by the Coronavirus, and is now increasing riven by political polarisation. The West’s growing instability is playing right into China’s game plan. Sun Tzu would be delighted… 

You know you are really getting old when the UK’s chief spook looks fresh out of school, but Ken McCallum, the new man in the hot seat has 25 years behind him. James Bond’s latest cinema outing might be delayed, but McCallum confirmed the services are active: “M15’s operational successes are mostly invisible..” He said Terrorism remains the biggest threat, but Russian, Chinese and Iranian espionageis growing in severity and complexity. 

I would have loved to have asked him some questions – especially about media manipulation, distrust and the destabilisation of democracy. 

Let me try and explain in terms of a quick look at markets, the Virus, then politics. And then I going to tell you to dial your scepticism dial right up to 11 and learn to ignore it all! 

Markets – Second Recovery Dip

The mood is darkening. All around Europe and the US we are seeing renewed, and apparently belated, efforts to contain the virus.  As lockdowns are imposed, businesses fear for the future, redundancies are rising, consumers are panicking.  The Pandemic economic hit is taking a double dip on economies; having chipped away at confidence in the spring and summer, it’s now taking huge chunks out of growth expectations.  The hopes of a vaccine reversing the decline are being knocked further back every day. 

As the doomsters say: Hope is just the first step on the road to disappointment. There is a growing sense the economic outlook gets worse before it gets better. 

Pandemic – what don’t we know?

I made the mistake of watching the news last night. Angry politicians demanded “we follow the science”, take “circuit break” steps, and immediately to lockdown the whole country. There was the obligatory interview with a “scientist” who confirmed the worst… “if we don’t lockdown it’s going to get much worse”.  That was followed with man-on-street interview with a Scouser who whined and moaned about how unfair it is to lockdown down Liverpool for the next 6 months… It’s always Liverpool. 

The models used by the scientists show predictive parabolic curves heading up in terms of infections, admissions, and inevitably deaths.. They show the rising cases among younger people are now spreading into older generations. The numbers of deaths are creeping attributed to Covid are creeping up – but aren’t (yet?) matching the predicative curves.

Dissent is growing. Trust that science and governments are getting it right is fracturing. Tweets, news feeds, friends and colleagues are sending me articles from medical journals and newspapers, and well-argued videos (like the soft-spoken and very convincing Irishman Ivor Cummins) that all say the same thing: we’re massively over-reacting. There is multi-billion liked post on Facebook: “Do you know anyone who has actually died of Covid.” (For the record… I do know two people my age who had Long Covid for months.)

The contradiction between what the politicians do and what scientists say is being used to further the “incompetence-at-the-top” narrative.  A senior member of SAGE (the government scientists advising on the pandemic) is on record saying we should have “circuit broke” in August, but earlier papers predicting 107,000 UK deaths are now embarrassing. Predictably the story has been seized as further evidence lockdowns are a waste of time. 

There is a growing polarisation between large numbers of people who have read all the “stuff” and are convinced the Pandemic is a minimal threat, and the actions of government which will destroy the economy. It raises doubts and suspicions. Why the panic? Have the scientists told government something we aren’t being told? Are governments acting in our best interest?

Yes. I believe they are. 

What we definitely know is the virus is very serious for the elderly and infirm. If 20% of the country do come down with the virus, and 10% of the +80 cohort (3.2 million) get it bad and are hospitalised, we are looking again at hospitals being swamped. If 2% of over 65 year olds get it, that’s another 220,000 folk in hospital. UK medical services won’t cope with 300,000 chronic cases. If that’s the worse case, then it would be brutal. 

Park your thinking on Coronavirus for a moment, and lets turn to something related..

US Elections and Polarisation 

On the advice of a very good friend, who just happens to suffer from a bad case of being a Republican, I watched a video.  The speaker was an elderly distinguished looking gentlemen who laid out a very convincing case. He made clear that Donald Trump is in many ways a bad man, but is exactly the right man to fight the Democrat threat. This clever, erudite speaker went on to carefully describe how Biden is a tool of the Antifa/BLM plot to destroy America, how transgenderism will dominate policy, and all Democrats are traitors leading America towards Civil War. It’s the duty of every Republican patriot to rally America to Trump’s flag. 

I was appalled. 

My Republican chums were in complete agreement with everything the guy said. 

The video capped the news flow many voters have come to fear and believe about this election; conclusively demonstrating how the Democrats have been captured by Antifa and BLM, and that Biden is just a pawn. Whoa. Stop. Reality Check. Do most Republican’s really believe 50% of their fellow citizens, Democratic voters, are treasonous? Do they really think the other side wants a Civil War? 

The latest “numbers” apparently show 33% of Republican Voters think Democrat voters want the US to crumble and Fall. The Democrats are much more forgiving; only 25% of them believe all Republicans want the union to collapse. American politics has become incredibly polarized in just a few years.. Why? What Changed? 

I urge everyone to quickly get up to date with the issues in Surveillance Capitalism – the way in which Social Media, Tweets, News Feeds, and the algorithims that determine what you see and what you don’t are shaping the dialog. If you want a quick primer you could do worse than watch the Netflix documentary, The Social Dilemma

The whole basis of Big Tech on the web is to earn money via Advertising. They want you to engaging with content so they can sell youto advertisers. When you don’t know what the product is – you are the product!

Google, Facebook and the rest use algorithms to watch, listen and send you content you are most likely to engage with. Because I’ve been watching and reading Far Right videos and articles to try and figure out why America is so polarized, I’ve been getting some extraordinary stuff in my feeds. The algorithms now perceive me to be a Militia Supporting Libertarian! They wish!

A few weeks ago I was reading how Kyle Rittenhouse, the 17-year old militia supporter who murdered two BLM protestors, is an “American Patriot” who was protecting property. I’m shocked anyone could possibly believes such misguided sh*t, but next thing I got an ad in my news feed offering to sell me “kill shots every hit” ammunition. Take a look at the proliferation of “pink slime” news providers in the US – they boil down to propaganda that appeals to many voters who read what they want to read. 

I’m sure it’s not just Republicans that are spinning and polarizing the agenda with fake news and distortion. The left is guilty as well. All these stories about Trump’s taxes, his renting rooms to foreign powers in Trump buildings, his family, etc. These stories confirm and affirm exactly what Trump haters already suspect and increasingly believe. 

Every Democrat is not a BLM Pod-person.  Not every Republican is a camouflage wearing racist.  They all care about their country. 

BUT why are they at each other’s throats? Because of deeply held beliefs, or because they have had their beliefs magnified by the growing dangers of fake news? Big Tech algorithms and new feeds are driving instability and reinforcing hatreds.  

Let’s step back and put this together.. 

Why has the west become so unstable and polarized? Why is there such distrust and contention over the Coronavirus response and Politics? Why are so many depressed about the economic outlook? 

This new age of Surveillance Capitalism and Directed Fake-news is dangerous. We just don’t yet understand how its distorting the political process. But neither can we ban freedom of speech – that way leads to Big Brother. We have to find middle ground. In the meantime be wary. Use your sense of pragmatism and a bit a critical skepticism. Start to question everything.

1) The Pandemic second wave will again challenge economies – but it is not the end of the world. It will accelerate change, and we will recover.

2) The Pandemic will be beaten. Treatments and Therapies are improved, and if it’s a matter of keeping health services functional in the face of a predicted wave – it will have to be done.. and we will face massive costs. But we will recover. 

3) Politics is about reasoned debate – it’s become polarized because people are fed the news the want to read, not the facts they need to understand. That’s why Google and Facebook are going to be regulated – which means sell. We will recover and do it better. 

And.. my comment: The Chinese must be laughing their heads off at the way the West has been pole-axed economically by the Coronavirus, and in now increasing riven by political polarisation”, is just my opinion presented as irrefutable fact.

You don’t need to believe it, (although you probably should….)

Read More

Continue Reading

Government

Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

Published

on

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

Read More

Continue Reading

Government

Walmart joins Costco in sharing key pricing news

The massive retailers have both shared information that some retailers keep very close to the vest.

Published

on

As we head toward a presidential election, the presumed candidates for both parties will look for issues that rally undecided voters. 

The economy will be a key issue, with Democrats pointing to job creation and lowering prices while Republicans will cite the layoffs at Big Tech companies, high housing prices, and of course, sticky inflation.

The covid pandemic created a perfect storm for inflation and higher prices. It became harder to get many items because people getting sick slowed down, or even stopped, production at some factories.

Related: Popular mall retailer shuts down abruptly after bankruptcy filing

It was also a period where demand increased while shipping, trucking and delivery systems were all strained or thrown out of whack. The combination led to product shortages and higher prices.

You might have gone to the grocery store and not been able to buy your favorite paper towel brand or find toilet paper at all. That happened partly because of the supply chain and partly due to increased demand, but at the end of the day, it led to higher prices, which some consumers blamed on President Joe Biden's administration.

Biden, of course, was blamed for the price increases, but as inflation has dropped and grocery prices have fallen, few companies have been up front about it. That's probably not a political choice in most cases. Instead, some companies have chosen to lower prices more slowly than they raised them.

However, two major retailers, Walmart (WMT) and Costco, have been very honest about inflation. Walmart Chief Executive Doug McMillon's most recent comments validate what Biden's administration has been saying about the state of the economy. And they contrast with the economic picture being painted by Republicans who support their presumptive nominee, Donald Trump.

Walmart has seen inflation drop in many key areas.

Image source: Joe Raedle/Getty Images

Walmart sees lower prices

McMillon does not talk about lower prices to make a political statement. He's communicating with customers and potential customers through the analysts who cover the company's quarterly-earnings calls.

During Walmart's fiscal-fourth-quarter-earnings call, McMillon was clear that prices are going down.

"I'm excited about the omnichannel net promoter score trends the team is driving. Across countries, we continue to see a customer that's resilient but looking for value. As always, we're working hard to deliver that for them, including through our rollbacks on food pricing in Walmart U.S. Those were up significantly in Q4 versus last year, following a big increase in Q3," he said.

He was specific about where the chain has seen prices go down.

"Our general merchandise prices are lower than a year ago and even two years ago in some categories, which means our customers are finding value in areas like apparel and hard lines," he said. "In food, prices are lower than a year ago in places like eggs, apples, and deli snacks, but higher in other places like asparagus and blackberries."

McMillon said that in other areas prices were still up but have been falling.

"Dry grocery and consumables categories like paper goods and cleaning supplies are up mid-single digits versus last year and high teens versus two years ago. Private-brand penetration is up in many of the countries where we operate, including the United States," he said.

Costco sees almost no inflation impact

McMillon avoided the word inflation in his comments. Costco  (COST)  Chief Financial Officer Richard Galanti, who steps down on March 15, has been very transparent on the topic.

The CFO commented on inflation during his company's fiscal-first-quarter-earnings call.

"Most recently, in the last fourth-quarter discussion, we had estimated that year-over-year inflation was in the 1% to 2% range. Our estimate for the quarter just ended, that inflation was in the 0% to 1% range," he said.

Galanti made clear that inflation (and even deflation) varied by category.

"A bigger deflation in some big and bulky items like furniture sets due to lower freight costs year over year, as well as on things like domestics, bulky lower-priced items, again, where the freight cost is significant. Some deflationary items were as much as 20% to 30% and, again, mostly freight-related," he added.

Read More

Continue Reading

Government

Walmart has really good news for shoppers (and Joe Biden)

The giant retailer joins Costco in making a statement that has political overtones, even if that’s not the intent.

Published

on

As we head toward a presidential election, the presumed candidates for both parties will look for issues that rally undecided voters. 

The economy will be a key issue, with Democrats pointing to job creation and lowering prices while Republicans will cite the layoffs at Big Tech companies, high housing prices, and of course, sticky inflation.

The covid pandemic created a perfect storm for inflation and higher prices. It became harder to get many items because people getting sick slowed down, or even stopped, production at some factories.

Related: Popular mall retailer shuts down abruptly after bankruptcy filing

It was also a period where demand increased while shipping, trucking and delivery systems were all strained or thrown out of whack. The combination led to product shortages and higher prices.

You might have gone to the grocery store and not been able to buy your favorite paper towel brand or find toilet paper at all. That happened partly because of the supply chain and partly due to increased demand, but at the end of the day, it led to higher prices, which some consumers blamed on President Joe Biden's administration.

Biden, of course, was blamed for the price increases, but as inflation has dropped and grocery prices have fallen, few companies have been up front about it. That's probably not a political choice in most cases. Instead, some companies have chosen to lower prices more slowly than they raised them.

However, two major retailers, Walmart (WMT) and Costco, have been very honest about inflation. Walmart Chief Executive Doug McMillon's most recent comments validate what Biden's administration has been saying about the state of the economy. And they contrast with the economic picture being painted by Republicans who support their presumptive nominee, Donald Trump.

Walmart has seen inflation drop in many key areas.

Image source: Joe Raedle/Getty Images

Walmart sees lower prices

McMillon does not talk about lower prices to make a political statement. He's communicating with customers and potential customers through the analysts who cover the company's quarterly-earnings calls.

During Walmart's fiscal-fourth-quarter-earnings call, McMillon was clear that prices are going down.

"I'm excited about the omnichannel net promoter score trends the team is driving. Across countries, we continue to see a customer that's resilient but looking for value. As always, we're working hard to deliver that for them, including through our rollbacks on food pricing in Walmart U.S. Those were up significantly in Q4 versus last year, following a big increase in Q3," he said.

He was specific about where the chain has seen prices go down.

"Our general merchandise prices are lower than a year ago and even two years ago in some categories, which means our customers are finding value in areas like apparel and hard lines," he said. "In food, prices are lower than a year ago in places like eggs, apples, and deli snacks, but higher in other places like asparagus and blackberries."

McMillon said that in other areas prices were still up but have been falling.

"Dry grocery and consumables categories like paper goods and cleaning supplies are up mid-single digits versus last year and high teens versus two years ago. Private-brand penetration is up in many of the countries where we operate, including the United States," he said.

Costco sees almost no inflation impact

McMillon avoided the word inflation in his comments. Costco  (COST)  Chief Financial Officer Richard Galanti, who steps down on March 15, has been very transparent on the topic.

The CFO commented on inflation during his company's fiscal-first-quarter-earnings call.

"Most recently, in the last fourth-quarter discussion, we had estimated that year-over-year inflation was in the 1% to 2% range. Our estimate for the quarter just ended, that inflation was in the 0% to 1% range," he said.

Galanti made clear that inflation (and even deflation) varied by category.

"A bigger deflation in some big and bulky items like furniture sets due to lower freight costs year over year, as well as on things like domestics, bulky lower-priced items, again, where the freight cost is significant. Some deflationary items were as much as 20% to 30% and, again, mostly freight-related," he added.

Read More

Continue Reading

Trending