Daily Digest 9/2 – Second Virus Wave Hits Spain, Who Gets To Vote In Florida?

Economy

Trump administration announces nationwide eviction moratorium through end of the year (tmn)

The move drew a mixed reaction from housing experts: praise that it would potentially keep tens of millions of Americans in their homes but concern that it only moves back a deadline, potentially setting people up for evictions next year because they would continue to accrue back payments during the pause in evictions.

It’s also not clear how the move affects landlords, who must continue to make their own payments.

Facebook And Twitter Remove Russia-Backed Accounts Targeting Left-Leaning Voters (edelinski)

“Russian actors are trying harder and harder to hide who they are and being more and more deceptive to conceal their operations,” said Facebook’s Head of Cybersecurity Policy Nathaniel Gleicher in an interview with NPR. “But there was very little attention paid to this operation.”

Why Trump’s ‘Buy American’ campaign went nowhere (tmn)

One reason for Trump’s lack of progress has been his tendency to announce new initiatives, but then to move on to other subjects with little or no follow-through.

Shortly after taking office in 2017, for example, Trump seized on a Great Depression-era procurement law called Buy American, which he said would be used to strengthen rules requiring federal agencies to purchase domestically made goods whenever possible.

Family, activists decry shooting death of Black man by L.A. County sheriff’s deputies (tmn)

“The deputies essentially executed a man riding his bicycle,” Najee Ali, a community activist, said Tuesday while standing beside some of Kizzee’s relatives at the scene of the shooting.

“They’ll say he had a gun, but what they won’t say was that he was not armed with the gun. He did not point the gun. … There was no reason for deputies to shoot a running man.”

ITM Trading: The Purchasing Power Lifecycle of Consumer Dollar (pinecarr)

The literal translation of “fiat” is by decree. In other words, government mandated money. What the government giveth, the government can taketh away, but they prefer to do it as invisibly as possible. Together with the Federal Reserve, they use inflation, which causes “nominal confusion”, to get individuals to volunteer the value of fiat money over time.

Inflation is NOT a monetary phenomenon but rather is embedded in fiat money. Further, by design, the average wage NEVER keeps pace with inflation, though fiat money assets may.

Who Gets To Vote In Florida? (tmn)

But, after voting in the primary, Riddle may not be able to vote in the upcoming general election. Six months after Amendment Four passed, the Republican-dominated legislature approved a law dictating that ex-felons could vote only if they first paid all the fines, restitution, and fees imposed at their sentencing. The law may affect as many as seven hundred and seventy thousand Florida residents, about half of whom are Black. In many cases, the totals came to thousands of dollars. The burden was not just large but uncertain: state officials testified that they had no way of knowing how much money felons owe, or whether they have paid; those calculations would take six years or so to complete. The legislation gutted Amendment Four, but DeSantis claimed that he was merely enforcing the language that voters had approved. “The amendment does not apply to a felon who has failed to complete all the terms of his sentence,” he maintained.

Where Will The World’s Next Giant Gold Discovery Be Made? (Michael S.)

Especially when it’s a small-cap miner like Starr Peak Exploration Ltd. (TSX:STE.V; OTC:STRPF) that was prescient enough to place itself right next to a huge gold discovery – before it happened.

And now the company is doubling down with major new acquisitions in the heart of one of the friendliest mining regions in the world.

‘Here We Go Again’: A Second Virus Wave Grips Spain (tmn)

France is also surging, as are parts of Eastern Europe, and cases are ticking up in Germany, Greece, Italy and Belgium, too, but in the past week, Spain has recorded the most new cases on the continent by far — more than 53,000. With 114 new infections per 100,000 people in that time, the virus is spreading faster in Spain than in the United States, more than twice as fast as in France, about eight times the rate in Italy and Britain, and 10 times the pace in Germany.

Florida Cuts Ties With Large Coronavirus Testing Lab, Citing 75,000 Delayed Results (edelinski)

The governor’s office learned on Monday night that Quest would include the large batch of delayed results as part of its next data entry into the state’s monitoring system — meaning that thousands of tests performed weeks, or even months, ago would be reported in a single day’s results. The delayed release of such a large number of results could drastically change the daily statistics that officials monitor for virus trends.

DeSantis was clearly displeased.

A Supercomputer Analyzed Covid-19 — and an Interesting New Theory Has Emerged (Nicole F.)

In this sense, Covid-19 is like a burglar who slips in your unlocked second-floor window and starts to ransack your house. Once inside, though, they don’t just take your stuff — they also throw open all your doors and windows so their accomplices can rush in and help pillage more efficiently.

Revive Therapeutics Announces IRB Approval for Phase 3 Clinical Trial Protocol for Bucillamine in COVID-19 (000)

An interim analysis will be performed by an Independent Data and Safety Monitoring Board (“DSMB”) after 210 patients have been treated and followed up for 28 days after randomization. The better performing Bucillamine dose at the interim analysis will be selected and patients will then be randomized 2:1 to the selected Bucillamine dose or placebo. Additional interim analyses will be performed after 400, 600, and 800 patients have reached this same post-treatment timepoint. The independent DSMB will actively monitor interim data for the ongoing safety of patients and will recommend continuation, stopping or changes to the conduct of the study based on the interim analysis reports.

Amazon ‘condemned to destruction’ as fires proliferate across Brazil (tmn)

“The Amazon is condemned to destruction,” despaired one former top official at Brazil’s enfeebled environmental agency, Ibama, accusing the far-right populist of overseeing a wholesale “demolition” of protection efforts.

“Under this government there will be no combating [of rainforest destruction],” the ex-official said. “The future looks dark.”

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