Monday “find your happy place and stay there for awhile” Reads

William & Frederick Starmer ~ Dear Old Dixie Moon

Dear Old Dixie Moon sheet music illustration  (1920)

Good Day Sky Dancers!

I don’t even know what to say about the headlines today.  All I know is I’m going to have to explain what’s going on in the Financial Markets to a bunch of students Wednesday Night and it’s not going to be pretty.  It seems Saudi Arabia is dumping oil and the markets are still reeling from the spreading of the COVID19 virus.  They’ve shut trading down for the day because the DJ opened down 1800.  The crash is  being called #OrangeMonday in remembrance of Cheetolini and his total ignorance of economics and finance.

I would like to start with a public service announcement however that deals with the spread of the virus and one impact you should consider.

Millions of children will lose their access to some of the only meals they receive each day if schools shut down under quarantine. Food banks will be essential. Please just donate money because that can bring fresh food to their homes.

I’ve always been a night person.  I admit to loving the night, the stars, the moon, and the general quiet that goes with all of it.  I’ve been thinking that the most wonderful thing about the night is it’s  like turning off the TV, the internet, and the patriarchy for a brief few hours.  So, here are visualizations of me in my happy place.  It’s the quiet night with the moon and stars.

From the NYT: 

Oil markets crashed and stocks plunged on Monday as a sudden clash among the world’s biggest oil producers gave already rattled investors another reason to worry about the global economy.

Five minutes into the trading day in the United States, the plunge in the S&P 500 hit 7 percent, triggering an automatic trading halt for 15 minutes. The benchmark recovered some ground soon after trading resumed, and was down about 6 percent — its steepest decline since August 2011.

Shares of oil companies and businesses that service the oil and gas sector led the declines, falling more than 20 percent. Manufacturers and banks, which are sensitive to concerns about the economy, also slid.

Financial markets have whipped around for weeks as investors struggled to quantify the economic impact of the spreading coronavirus: stocks have tumbled, oil prices cratered, and yields on government bonds reflected a sense among investors that there was worse still to come.

“Markets want to hear that the global economy is open for business, and the problem is it isn’t easy to say that going forward,” said Patrick Chovanec, chief strategist at the investment advisory firm Silvercrest Asset Management.

But over the weekend, two of the world’s major oil producers, Saudi Arabia and Russia, added a new element to the mix by setting off a price war for crude.

While low oil prices can be beneficial to some sectors of the economy, they can also disrupt countries that depend heavily on petroleum dollars. The fall in oil prices since the start of the coronavirus also signals a global economic slowdown.

Oil lost nearly a quarter of its value in early trading on Monday, dragging shares of energy companies lower.

In Europe, major stock benchmarks were down more than 7 percent. Shares ended sharply lower in Asia also.

Moon Goddess – Cocorrina & Co Ltd

From Pippa Stevens at CNBC: “Oil prices plunge as much as 30% after OPEC deal failure sparks price war”. 

Oil prices plunged to multi-year lows on Monday as tensions between Russia and Saudi Arabia escalate, sparking fears on the Street that an all-out price war is imminent.

The sell-off in crude began last week when OPEC failed to strike a deal with its allies, led by Russia, about oil production cuts. That, in turn, caused Saudi Arabia to slash its oil prices as it reportedly looks to ramp up production

U.S. West Texas Intermediate crude and international benchmark Brent crude are both pacing for their worst day since 1991.

WTI plunged 18%, or $7.36, to trade at $33.92 per barrel. WTI is on pace for its second worst day on record. International benchmark Brent crude was down $8.44, or 18.7%, to trade at $36.80 per barrel. Earlier in the session WTI dropped to $30 while Brent traded as low as $31.02, both of which are the lowest levels since Feb. 2016.

“This has turned into a scorched Earth approach by Saudi Arabia, in particular, to deal with the problem of chronic overproduction,” Again Capital’s John Kilduff said. “The Saudis are the lowest cost producer by far. There is a reckoning ahead for all other producers, especially those companies operating in the U.S shale patch.”

The price of gasoline was bound to drop anyway.  My daughter in Seattle has been keeping me abreast of a lot including the nearly zero commute time she enjoys to the hospital because no on else is on the road.  Schools are closed and many businesses have told their employees to telecommute but this is really going to hurt the economies down here in Louisiana and Texas, let alone all those oil fracking states like North Dakota.

Senator Cory Booker is the latest ex candidate to endorse former Vice President Joe Biden.  It appears Biden is about to blow his Bernieness out of the water (which would be Lake Michigan in this case) in Michigan!  This is from Todd Spangler writing for the Detroit Free Press.

Former Vice President Joe Biden, riding a wave of momentum from primaries in South Carolina and Super Tuesday states, comes into Tuesday’s Michigan primary with a 24-point lead over Sen. Bernie Sanders in a new Free Press poll.

If Biden’s 51%-27% lead in the poll, done by EPIC-MRA for the Free Press and its media partners, holds, it would guarantee him a signature victory in Michigan — a battleground state that helped President Donald Trump win the White House four years ago. It could also starve Sanders’ formerly front-running campaign of delegates needed for the nomination and call into question how long his effort can remain viable.

“Something happened on Super Tuesday with (other) candidates getting out and people are all of a sudden questioning Bernie’s positions on issues,” said Bernie Porn, pollster for Lansing-based EPIC-MRA, which conducted the survey of 400 likely Democratic primary voters between Wednesday and Friday. “If anything, it may be low in terms of the percentage that Biden may get.”

(via ♥ mauve~dusty rose ♥ / dusty rose)

It does look like Democratic voters have decided on their candidate for better or worse.  I sure hope Biden ups his debate performance before he potentially faces the Orange Snot blob.

We’re actually beginning to see public officials here in the US be tested for the COVID19 virus and it’s getting interesting.

New York Gov. Andrew Cuomo: Port Authority Executive Director Rick Cotton has tested positive for coronavirus via ABC.

And in the instant karma category: “Congressman Who Mocked Emergency Coronavirus Bill Goes Into Self-Quarantine”

When the U.S. House passed an emergency $8.3 billion spending bill to battle the coronavirus epidemic last week, Republican Rep. Paul Gosar of Arizona questioned the tremendous cost. But Gosar announced last night that he and his staff are going into self-quarantine after it was revealed that Gosar recently spent an extended period of time at last month’s Conservative Political Action Conference (CPAC) with someone who’s now hospitalized with COVID-19.

“I am not currently experiencing any symptoms, nor is any member of my staff. However, in order to prevent any potential transmission, I will remain at my home in Arizona until the conclusion of the 14 day period following my interaction with this individual,” Gosar said in a statement posted to his website, noting that he shook hands with the unnamed coronavirus patient “several times.”

“Additionally, out of an abundance of caution, I am closing my office in Washington, D.C. for the week and my team will follow the previously approved Tele-commute plan,” Gosar continued.

554650_369352359793572_1957506968_n | Rominik.dice | Flickr

Senator Tom Cruz has also self-quarantined himself.  Wow!  Texas really must be under bad moon rising!  Oil crisis and two of its freakzoid congress critterz possibly down with the bug!

Senator Ted Cruz will self-quarantine in his Texas home. He said he had a “brief conversation and a handshake” with the unnamed person at the recent CPAC conference in National Harbor, Maryland.

“I’m not experiencing any symptoms, and I feel fine and healthy,” Cruz said in a statement, adding that authorities have advised him the odds of transmission given their brief interaction was “extremely low.” Those who’ve interacted with him in the last 10 days “should not be concerned about potential transmission,” medical authorities have told him.

I can’t imagine Cruz Cooties are pleasant any day of the week frankly.

In other news:

So, I hope you made it through the first couple days of Daylight Savings Time.  It’s that time of the year when I get to spend more time wondering why I am up so damned early!  I’m realizing I’m having to tag this as an afternoon reads when it should still be morning and I’m still drinking my coffee.  I mean really.  I’m supposed to be over the moon waking up so early?

What’s on reading and blogging list today?

 


39 Comments on “Monday “find your happy place and stay there for awhile” Reads”

  1. dakinikat says:

    well, this is crazy …

    • NW Luna says:

      I know the Catalans have a long and proud heritage, but this is crazy.

    • Enheduanna says:

      OK I’m going to out myself here – I’m an Oxfordian, holding to the theory that Edward de Vere, the 17th Earl of Oxford was Shakespeare. I do not believe Will Shakspere of Stratford-on-Avon was the playwright.

      What all that nonsense above is – I have no clue; however, de Vere did meet Cervantes in Italy and may have been himself personally an inspiration for the character of Don Quixote to some extent.

      I’m in good company (even Mark Twain doubted the Stratford authorship) There’s a fun film about this (Anonymous, from 2011, by Roland Emmerich, available On Demand and YouTube), lots of YouTube lectures by Shakespeare Oxfordian Fellowship, and a wonderful book by Mark Anderson – Shakespeare by Another Name. A truly fascinating subject and as Derek Jacobi put it – world-class whodunnit.

  2. dakinikat says:

    • NW Luna says:

      The reporters should have burst into uncontrollable laughter at this.

    • quixote says:

      Wait. Kudlow, a quasi-economist, is running the virus response. And this guy, who presumably at least once saw a health sciences textbook at the college bookstore, is talking about the economy.

      Experts? What experts? We don’t need no steenkin experts!

  3. dakinikat says:

    Have a good Monday! Be kind to yourselves!!! Love you all!!!

  4. NW Luna says:

    Israel requires all international arrivals to go into two weeks of quarantine

    Israel said it would mandate a two-week quarantine for anyone arriving on international flight, a sweeping expansion of restrictions that critics said were at least partly driven by fear of singling out U.S. travelers and angering President Trump.

    Prime Minister Benjamin Netanyahu, in a video, said all visitors and Israeli residents arriving at Ben Gurion Airport over at least the next two weeks must to proceed to 14 days of isolation. Israel’s Ministry of Health did not immediately explain how the restrictions would work, especially for non-residents.

    • quixote says:

      “partly driven by fear of singling out U.S. travelers and angering President Trump.”

      Hahahahahahahahahahahaha, etc etc etc

  5. NW Luna says:

  6. bostonboomer says:

    An elementary school in my town is closed because a mom got the virus at the Biogen Conference and her daughter has symptoms.

  7. bostonboomer says:

    Gosar and Cruz could have passed the virus to others already.

  8. NW Luna says:

  9. Mary Brown says:

    A friend of mine tried to talk her 90-year-old father into staying home from the gathering at the Senior Center, since older people are being encouraged to stay home in this State of Emergency we’re living in now. He insisted on going because the Republican Party told him it was all a big hoax by the Democrats! Trump is going to get people killed.

  10. NW Luna says:

    Italy announces nationwide travel restrictions affecting 60 million people

    early Sunday, Italy took its first drastic move against the virus, with Conte announcing a plan to lock down areas around the virus’s epicenter in the north, with travel restrictions applying to 16 million people. It is now cutting off its citizens, no matter where they live, from most kinds of travel, including to other countries and from one region to the other.

    schools would be canceled until April 3.

    Kids will be happy.

  11. NW Luna says:

    The main newspaper in Seattle, ground zero for corvid-19, has eliminated its paywall on all corona virus articles.

    coalition of philanthropic groups and major corporations in the Seattle area is launching a $2 million-plus campaign to help people disproportionately impacted by the coronavirus outbreak’s disruption of the economy.

    The new COVID-19 Response Fund will aim to rapidly send grants to organizations with “deep roots” within vulnerable populations, including people who lack access to health insurance or sick leave, residents with limited English proficiency, communities of color, and health care and gig economy workers, according to a summary of the initiative, which will be announced publicly Monday.

    However:

    In order to move quickly, there will be no grant application process for the COVID-19 fund. Instead, the Seattle Foundation and United Way will work with King County’s Pandemic Community Advisory Group to direct the money.

    https://www.seattletimes.com/seattle-news/health/2m-fund-started-to-aid-gig-workers-vulnerable-populations-affected-by-coronavirus-in-seattle-area/

    • NW Luna says:

      This is promising!

      Testing for the novel coronavirus in the Seattle area will get a huge boost in the coming weeks as a project funded by Bill Gates and his foundation begins offering home-testing kits that will allow people who fear they may be infected to swab their noses and send the samples back for analysis.

      Results, which should be available in one to two days, will be shared with local health officials who will notify those who test positive. Via online forms, infected people can answer questions about their movements and contacts, making it easier for health officials to locate others who may need to be tested or quarantined, as well as to track the virus’ spread and identify possible hot spots.

      The goal is to eventually be able to process thousands of tests a day, said Scott Dowell, leader of coronavirus response at the Bill & Melinda Gates Foundation. The project is ramping up as quickly as possible, but it’s not clear exactly when it will launch, he added. Among other things, software needs to be upgraded to handle the expected crush of requests, and a detailed questionnaire finalized for people who request tests.

      https://www.seattletimes.com/seattle-news/health/gates-funded-program-will-soon-offer-home-testing-kits-for-new-coronavirus/

  12. dakinikat says:

    • quixote says:

      The range is still 2-14 days, afaik. And shame on the BBC for that ridiculous picture. A runny nose or sneezing is *not* one of the common symptoms. Fever, dry cough, shortness of breath, are the main ones.

  13. dakinikat says:

  14. MsMass says:

    This was a good interview. She pointed out the useless position of the WH and what we all should be doing- working together to survive this virus.
    https://www.cnn.com/videos/politics/2020/03/09/trump-clashes-with-airlines-about-coronavirus-newday-vpx.cnn

  15. dakinikat says:

  16. dakinikat says:

    And welcome to Worm Moon Week!!!!

  17. dakinikat says: