Daily Digest 5/30 – America Plunges Into Crisis, The Unexpected Side Effect Of Covid-19

Economy

Nearly Half of Small Business Owners Expect to Close Down Permanently (Adam)

There are all kinds of reasons to doubt the quick economic recovery narrative. We’ve reported on the number of over-leveraged zombie companies, skyrocketing household debt, the battered labor market, and a potential cash-flow crisis even after the economy gets moving.

Now we have another sign of long-term economic trouble. A survey conducted by financial services company Azlo found that nearly half of small business owners think they will eventually have to close their businesses for good.

Gripped by disease, unemployment and outrage at the police, America plunges into crisis (Sparky1)

America’s persistent political dysfunction and racial inequality were laid bare this week, as the coronavirus death toll hit a tragic new milestone and as the country was served yet another reminder of how black people are killed by law enforcement in disproportionately high numbers. Together, the events present a grim tableau of a nation in crisis — one seared by violence against its citizens, plagued by a deadly disease that remains uncontained and rattled by a devastating blow to its economy.

500+ MN National Guard soldiers activated amid protests, looting after death of George Floyd (Sparky1)

“It is time to rebuild,” Walz said in a statement. “Rebuild the city, rebuild our justice system, and rebuild the relationship between law enforcement and those they’re charged to protect. George Floyd’s death should lead to justice and systemic change, not more death and destruction. As George Floyd’s family has said, ‘Floyd would not want people to get hurt. He lived his life protecting people.’ Let’s come together to rebuild, remember, and seek justice for George Floyd.”

New Footage of George Floyd’s Arrest Emerges | NowThis (Sparky1)

In US news and current events today, a second camera angle shows George Floyd’s arrest in Minneapolis, Minnesota, which eventually led to the 46-year-old Black man’s death and prompted protests calling for justice for George Floyd across the country.

Surveillance camera footage from a nearby restaurant shows what appears to be the first contact between George Floyd and Minneapolis police officers. George Floyd died shortly after his contact with the officers.

Where freedom dies and the world watches (tmn)

Since the handover in 1997, Hong Kong residents have enjoyed freedoms unknown elsewhere in China. Except when it comes to defense and foreign affairs, Hong Kong essentially runs itself, in an arrangement known as “One Country, Two Systems” that is supposed to last until 2047. But the city’s liberties have already diminished at a dizzying speed: pro-democracy lawmakers booted out of office, a foreign journalist expelled, a political party banned, major activists jailed, all in the last three years.

Lab escape theory of SARS-CoV-2 origin gaining scientific support (Kevin V.)

Casting further doubt on the “zoonosis” (jump from animal to human) theory of the virus’s origin is that samples taken from the Huanan market in Wuhan were found to contain viruses that were genetically identical to human SARS-CoV-2. According to Dr Chan, “This makes it unlikely for the Huanan market isolates to have come from an intermediate animal host; likely from SARS2-infected humans who visited the market.”

4-star quarantine: At a Milan hotel, guests don’t get room keys (Sparky1)

Italy, like the United States, has made little attempt to provide out-of-home quarantine facilities, apparently figuring the idea would be logistically difficult or appear heavy-handed in a liberal democracy. But in Italy, the virus has spread through families, even as an eight-week lockdown helped the country get better control of the virus.

What Should You Say When Someone You Know Is Grieving? (tmn)

But what if the grieving person is someone who has appeared in your feed for years but you haven’t talked with since high school? What if he or she is just a casual acquaintance or a former co-worker? What if you exchange likes on each other’s posts but haven’t met in person?

I repeat: Recognize the loss. And let the person have his or her grief.

The unexpected side effect of Covid-19 (tmn)

In mid-March hospitals began to cancel elective surgeries both to protect patients and to provide surge capacity, following guidance from the American College of Surgeons. This not only halted hernia repairs and joint replacements, but also surgeries for low-risk cancers — specifically, early stage breast and prostate cancer.

Overdose Deaths Have Skyrocketed in Chicago, and the Coronavirus Pandemic May Be Making It Worse (jdargis)

“This is going to make it so much worse,” said Kathleen Kane-Willis, a researcher with the Chicago Urban League who has studied the opioid epidemic for more than a decade, adding that the true impact of the pandemic on drug overdoses likely won’t be known for some time.

“It’s going to wear on people. It’s going to make them more anxious and depressed,” she said. “Being thrust into poverty is such a stressor, and people do turn to substances to get through that stress.”

COVID Infects World Nuclear Plants (newsbuoy)

They call themselves essential services, despite a glut of electricity priced well below what the nuclear industry can match. In many countries, taxpayers are paying billions for mal-investments in nuclear power. In America, the private operators and their investors demanded the federal government top up user bills in order to compete with electricity from cheap wind and natural gas. They want safety regulations cut back, inspections and rules developed after major nuclear accidents to be relaxed.

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