“As the coronavirus pandemic took hold in late February and early March, President Trump and his allies in the conservative media adopted a skeptical tone. Trump said that “one day, it’s like a miracle, it will disappear;” Fox Business host Trish Regan called it “yet another attempt to impeach the president.”
Some preliminary early data suggests that Trump and Fox downplaying the pandemic made Trump supporters less likely to take the disease seriously early on.”
“on March 13, Trump declared a national emergency over coronavirus, and, afterward, started taking the virus more seriously in public rhetoric and response. And starting on March 13, the partisan tilt disappears”
“Schaffner’s research here is very preliminary. It’s worth noting that there are several possible confounding variables, including the fact that some of the hardest-hit earlier states were blue-leaning coastal ones like Washington, California, and New York.
But his findings are consistent with early polling on coronavirus showing the same partisan gap, with Democrats consistently saying they were more likely to take individual action on coronavirus than Republicans.
It also fits with what we’ve observed more broadly during the Trump administration: The president’s stance on something causes Republicans to align with it and Democrats to oppose it, as well as a large, pre-Trump body of research on public opinion suggesting that voters often take cues on complex policy issues from trusted elites.”
“as evidence continues to mount for a partisan gap in coronavirus response early on, we should take seriously the possibility that Trump returning to downplaying the risks of the virus would also lead to a vast swath of the American public ignoring public health advice — and thus contributing to the pandemic’s rapid spread.”
“Bloomberg’s contribution appears to rely on the campaign finance loophole allowing campaigns to transfer unlimited funds to party committees in an election year.
As an individual, Bloomberg is only allowed to contribute approximately $35,000 a year to the DNC. But he can transfer unlimited money to his own campaign, which in turn can transfer an unlimited amount of funding to the party.”
“three years ago Russia made a deal to coordinate its production levels with the group, in a pact known as OPEC+.”
“Saudi Arabia, the cartel’s leader, suggested the participants collectively cut their oil production by about 1 million barrels per day, with Russia making the most dramatic cut of around 500,000 barrels a day. Doing so would keep oil prices higher, which would bring in more revenue for nations in the bloc whose economies are heavily dependent on crude exports.”
“Riyadh considered the move necessary as Asia, which is roiling from thousands of cases of coronavirus mainly in China and South Korea, no longer consumes as much energy as it did only a few months ago. China’s refineries, for example, cut their imports of foreign oil by about 20 percent last month. Lower demand leads to a drop in the commodity’s price, which thus hurts countries’ bottom lines.
The Russians, wary of such a move for weeks, opted against the plan. It’s still unclear exactly why that’s the case. Some say Russia wants prices to stay low to hurt the American shale oil industry or is gearing up to seize a bigger sliver of Asian and global oil demand for itself.
“The Russians are more worried about market share and think they’d do better competing with the Saudis rather than cooperating at this point,” says Emma Ashford, an expert on petrostates at the CATO Institute in Washington.
Saudi Arabia didn’t take too kindly to the Kremlin’s decision and responded by slashing its export prices over the weekend to start a price war with Russia. That brought the price per barrel down by about $11 to $35 a barrel — the biggest one-day drop since 1991.”
“Because paid leave is costly, when firms provide this benefit, they change the composition of their employees’ total compensation by reducing the value of workers’ take-home pay to offset the cost of providing paid leave. While some workers prefer this mix in their pay packages, others don’t. In particular, mandated leave would be a hard trade-off for many lower-paid women who would prefer as much of their income as possible in the form of take-home pay.
In fact, polls show that when women learn of the trade-offs inherent in any government-mandated paid-leave policy, their support for such a policy collapses.”
“A well-cited NBER paper looks at Denmark’s very generous paid leave policy and finds that before having children, women’s hours, employment, and wages are equal to those of men, but that these metrics all worsen relative to men after having children. Another recent NBER paper expands on this research and shows that while this divergence also exists in the United States, it’s significantly smaller here.”
“Measured as a share of the entire U.S. economy, the national debt has doubled in just 12 years and is on pace to grow to historical highs within the next decade. The federal government’s budget deficit—the gap between how much revenue it raises and how much money it spends—is expected to exceed $1 trillion this year.”
“Lawmakers from both major parties have worked together in recent years to pass budgets that exploded annual deficits and added to the debt. Democrats running for president are promising to hike federal spending by trillions of dollars to pay for free college, government-run health care, and the fight against climate change—and even though they are also promising to raise taxes, the math doesn’t add up. That means deficits will continue to grow. Meanwhile, President Donald Trump has abandoned any pretense of fiscal conservatism, and most of his party has followed suit.”
“Oregon board said Järlström’s research amounted to practicing engineering without a license. In a 2014 letter, the board told Järlström that even calling himself an “electronics engineer” and the use of the phrase “I am an engineer” were enough to “create violations” that could result in a $500 fine.
Järlström fought back. With the help of the Institute for Justice, a libertarian law firm that often challenges ridiculous licensing laws, Järlström took his case to federal court. The trial was a disaster for the licensing board, which was forced to concede that its attempt to silence Järlström “was not narrowly tailored to any compelling state interests.” The board refunded the $500 fine, was prohibited from targeting Järlström again “for his speech about traffic lights and his description of himself as an engineer except in the context of professional or commercial speech,” and got a public dressing-down from Judge Stacie F. Beckerman.
Beckerman’s ruling ordered the Oregon board to restrict its policing of licensing issues exclusively to individuals who are working as professional engineers—that is, being hired to do engineering work—rather than simply practicing engineering skills. That seems like a necessary restriction, considering the board’s history of investigating everyone from amateur engineers like Järlström to political candidates who promised to “engineer solutions” and even a Portland magazine that credited a local leader for being the engineer, metaphorically, of a new bridge project in the city.”