Daily Digest 10/3 – Futures And Global Markets Rattled After Trump Positive Test, Covid-19’s Stunningly Unequal Death Toll

 

Economy

Trump Tests Positive for Covid-19, and the World Shudders (tmn)

Expressions of concern and good wishes for Mr. Trump’s speedy recovery — as well as that of the first lady, Melania Trump, who was also infected — poured in from leaders in Russia, India, Britain and other countries.

“My best wishes to President Trump and the First Lady,” Mr. Johnson said on Twitter, making no mention of his own bout with Covid-19. “Hope they both have a speedy recovery from coronavirus.”

US futures and global markets rattled after Trump tests positive for coronavirus (Heather R.)

Before Trump announced his diagnosis, CNN medical analyst Dr. Jonathan Reiner said that Hicks’ positive test should be enough to push Trump and his West Wing staffers into quarantine.

“They should all be out of commission, anyone in the West Wing,” Reiner told CNN’s Don Lemon. “Seriously, the virus doesn’t care if you don’t take it seriously. It’s an incredibly contagious pathogen.”

Britain is risking a car-crash Brexit of food shortages, another recession and isolation (TS)

What’s more, intentionally breaking international law would make other countries think twice before offering the United Kingdom the free trade deals it desperately needs, damage the country’s reputation as a standard bearer for the rule of law and make it a less attractive destination for startups and foreign investment.

“For a country, without any real thought about where it’s going, to put so much up in the air is hugely unusual and it’s hugely worrying,” said David Henig, the UK director of the European Centre For International Political Economy.

The covid-19 recession is the most unequal in modern U.S. history (tmn)

Recessions often hit poorer households harder, but this one is doing so at a scale that is the worst in generations, the analysis shows.

While the nation overall has regained nearly half of the lost jobs, several key demographic groups have recovered more slowly, including mothers of school-age children, Black men, Black women, Hispanic men, Asian Americans, younger Americans (ages 25 to 34) and people without college degrees.

“No, Not Trump, Not Ever”: Second Debate Moderator Worked For Biden, Tweeted Resistance Screed (CleanEnergyFan)

President Trump tweeted Thursday that he wouldn’t allow the Commission on Presidential Debates to move ahead with promised changes to the debate formate, which the organization announced yesterday.

In a statement, the Commission on Presidential Debates said it was mulling what to do, and also raised the possibility of equipping moderators with new “tools” – perhaps including the ability to cut a speaker’s mic.

How One Piece of Hardware Took Down a $6 Trillion Stock Market (Roger B.)

The full-day shutdown that ensued was the longest since the exchange switched to a fully electronic trading system in 1999. It drew criticism from market participants and authorities and shone a spotlight on a lesser-discussed vulnerability in the world’s financial plumbing — not software or security risks but the danger when one of hundreds of pieces of hardware that make up a trading system decides to give up the ghost.

Texas governor restricts mail-in ballot drop-off locations (TS)

Texas is one of just five states not allowing widespread mail-in voting this year, with polls showing unusually tight races in America’s biggest red state. Democrats could take over the state House of Representatives for the first time in 20 years.

Meanwhile, battles over voting access have intensified. Abbott has resisted calls to expand eligibility to vote by mail, and courts have sided with GOP leaders who say fear of catching COVID-19 doesn’t qualify voters to receive mail-in ballots.

The Attack On Voting In The 2020 Elections (Andy B.)

It is remarkable, but not at all accidental, that a narrative built from minor incidents, gross exaggeration and outright fabrication is now at the center of the effort to re-elect the president. As we approach an election in which the threat of voter fraud is being used as a justification for unprecedented legal and political interventions in our democratic process, it is important to understand what this claim actually represents: It is nothing short of a decades-long disinformation campaign — sloppy, cynical and brazen, but often quite effective — carried out by a consistent cast of characters with a consistent story line.

A 911 caller said a Latino man was kidnapping a white child. The toddler was his grandson (000)

“I feel like to them it’s more illegal for a Mexican man to be carrying a white baby than it is for a white woman to be walking around carrying a weapon,” his daughter said. “They took more offense to my dad carrying around my white son than they did to a white woman carrying around a sword.”

The woman wasn’t arrested or cited because she remained on her property and never threatened Mata with the weapon, instead holding it off to her side as she yelled at him from a distance, Torrance Police Sgt. Alexander Martinez said in an interview.

Covid-19’s stunningly unequal death toll in America, in one chart (tmn)

Indigenous Americans (1 death for every 1,220 people, per APM Research Lab), Pacific Islander Americans (1 in 1,400), and Latino Americans (1 in 1,540) are also dying at highly disproportionate rates compared to the white majority. Asian Americans have seen slightly fewer deaths per person than whites, with a 1 in 2,470 death rate.

In the first presidential debate, former Vice President Joe Biden cited the high Covid-19 death rate for Black Americans to argue his case that President Donald Trump has not been good for Black Americans.

N.Y.C.’s School Testing Plan May Miss Large Outbreaks, Study Finds (000)

But in order to reliably detect outbreaks and prevent them from spinning out of control, New York may need to test about half of the students at each school twice a month, researchers at New York University estimated. Experiences in Germany, Israel and other countries suggest outbreaks could spread quickly despite the city’s relatively low rate of infection, the researchers said.

“The outbreaks could be quite large by the time they are detected by the monthly, 10-to-20 percent testing,” said Anna Bershteyn, the lead author of the new analysis and assistant professor of population health at N.Y.U.’s Grossman School of Medicine.

The data scientist exposing US white supremacists: ‘This is how you fight Nazis’ (000)

Using court files and other public records, the anti-fascist researcher has catalogued hundreds of criminal cases, connected the dots of dangerous neo-Nazi networks, and revealed links that journalists and authorities have missed. These days, it can be difficult to keep up. Far-right violence has escalated dramatically under Trump, who has ignored his own government’s domestic terrorism warnings and encouraged vigilante violence against leftists.

For her safety, Gorcenski has relocated to Berlin, where she has some distance from the US white supremacist threats and the groups she investigates.

Millions of Americans risk losing power and water as massive, unpaid utility bills pile up (tmn)

The worst economic crisis in more than a generation has thrust potentially millions of Americans across the country into a similar, sudden peril: Cash-strapped, and in some cases still unemployed, they have fallen far behind on their electricity, water and gas bills, staring down the prospect of potential utility shut-offs and fast-growing debts they may never be able to repay.

World’s richest 1% cause double CO2 emissions of poorest 50%, says Oxfam (Bill M.)

“The global carbon budget has been squandered to expand the consumption of the already rich, rather than to improve humanity,” he told the Guardian. “A finite amount of carbon can be added to the atmosphere if we want to avoid the worst impacts of the climate crisis. We need to ensure that carbon is used for the best.”

The richest 10% of the global population, comprising about 630 million people, were responsible for about 52% of global emissions over the 25-year period, the study showed.

How the oil industry made us doubt climate change (Bill M.)

At the time Exxon was spending millions of dollars on ground-breaking research. It wanted to lead the charge as scientists grappled with the emerging understanding that the warming planet could cause the climate to change in ways that could make life pretty difficult for humans.

Hoffert shared his predictions with his managers, showing them what might happen if we continued burning fossil fuels in our cars, trucks and planes.

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