By Lambert Strether of Corrente.
Hen Tune of the Day
Widespread Nightingale, Les Demoiselles Coiffées de Bédoin, Vaucluse, Provence-Alpes-Côte d’Azur, France. Duet!
In Case You May Miss…
- Trump rubbish truck stunt.
- Part Three has risen from the grave.
- Boeing inventory stays steady, pensions are the sticking level.
Politics
“So most of the social reactions that strike us as psychological are in reality a rational administration of symbolic capital.” –Pierre Bourdieu, Classification Struggles
The Constitutional Order (Riot)
The Transition
Lambert right here: I don’t anticipate both celebration to make good.
“The 76 harmful days between the election and the inauguration” [Brian Michael Jenkins, The Hill]. Jenkins is a senior adviser to the president of RAND. “Since 2020, there was a surge in violent threats in opposition to public officers in any respect ranges, violent protests by far-left and far-right extremists, a nationwide rise in home terrorist incidents, the armed occupation of a state capitol, a mob assault on the nation’s Capitol, a plot to kidnap a governor, two tried assassinations of former President Trump, intelligence indicating an Iranian plot to assassinate the previous president and a plot by an Islamic State-inspired particular person to hold out a mass capturing on Election Day.” The plot to kidnap Whitmer was spook-infested, and 5 of the fourteen defendants had been cleared. I assume that it ought to go within the “Why is that this totally different from all of the others?” bucket. Nonetheless, its definitely odd that the RAND dude included it.
“Harris says she will likely be ‘sadly prepared’ if Trump prematurely claims victory Tuesday” [The Hill]. “Harris has beforehand mentioned there are groups in place within the occasion that Trump challenges the end result. Trump has solely dedicated to accepting the election outcomes if he deems them ‘free and honest.’ ABC interviewed Harris six days earlier than Election Day whereas she was on a three-state swing by means of North Carolina, Pennsylvania and Wisconsin. Whereas polls have tightened, and a few have shifted towards Trump in current days, Bruce requested Harris if she feels she wants Republicans to vote for her to win. ‘Right here’s how I give it some thought. I actually need to convey our nation collectively. We’ve had a few decade of this Trump period that has been all about … dividing individuals and having People level fingers at one another, and I believe persons are exhausted,’ Harris mentioned.” • Proper, which is why Marc Elias is now on the payroll (not that Trump doesn’t have kind).
2024
Countdown!
Friday’s RCP Ballot Averages:
Lambert right here: Tiny margins, however all purple. If I had been operating the Kamala marketing campaign, I’d need to see some blue. In fact, we on the skin would possibly as properly be analyzing the entrails of birds after we attempt to predict what is going to occur to the subset of voters (undecided; irregular) in a subset of states (swing), and the irregulars, particularly, who will decide the end result of the election however would possibly as properly be quantum foam, however presumably the marketing campaign professionals have higher information, and have the scenario as below management as it may be MR SUBLIMINAL Fooled ya. Kidding!.
* * * “Rubbish.” The video at :40. Leaving it right here:
Trump (R): “Donald Trump climbs into rubbish truck in stunt to name out Biden, Harris” [Global News]. “Chatting with press who had gathered on the photograph op, Trump requested, ‘How do you want my rubbish truck?’ including that it was ‘in honour of Kamala (Harris) and Joe Biden.’ He proceeded to say the president ‘must be ashamed of himself.’” • I don’t love Trump. However trying purely on the technical features, the person may be very, excellent at what he does (and appears to have regained the éclat he misplaced after the 2 assassination makes an attempt). The very best half: He’s nonetheless carrying his tie! (And I really like the best way the Hello-Viz orange vest subtly denatures and inverts the “Orange Man Dangerous” trope.)
Trump (R): “Billionaire Trump Awkwardly Attire Up as a Rubbish Truck Driver” [Rolling Stone]. • Oh come on:
It’s definitely more practical than biting infants. pic.twitter.com/mrt4HoKmvr
— The Actual Liekitisn’t (not Parody) (@liekitisnot) October 31, 2024
Trump (R): “How Trump Stored Biden’s ‘Rubbish’ Gaffe From Getting Thrown Out” [RealClearPolitics]. • Puff piece saying it was all Trump’s concept. Nevertheless it would possibly even have been; I discover it laborious to think about Susie Wiles arising with it. Stunts are a giant a part of kayfabe, in any case.
Trump (R): “Biden could have handed Trump a giant help along with his ‘rubbish’ gaffe” [CNN]. It was a Kinsley Gaffe, no less than in what stays of Biden’s thoughts. Extra: “Nobody can say how this newest twist in a turbulent marketing campaign will have an effect on the ultimate end result. However within the vicious warmth of the final week of the deadlocked presidential marketing campaign, when even a number of imprecise phrases can wreak vital political penalties, it could not matter what Biden actually meant. Notion is every little thing. Simply when Harris’ workforce needed to maintain the eye on Trump’s Madison Sq. Backyard rally, which performed into her distinction message on Tuesday evening, the president handed Harris a political mess. She’s now virtually sure to be requested whether or not she additionally regards Trump’s backers as ‘rubbish.’ Her reply will solely lengthen the story. The previous president can be prone to seize on the gaffe to argue that Democrats view working People within the heartland with contempt. A Trump fundraising e mail Tuesday night learn: ‘FIRST Hillary known as you a DEPLORABLE! THEN they known as you a FASCIST! And moments in the past Kamala’s boss Biden known as you GARBAGE!’” • The place’s the lie?
* * * Trump (R): “Decide declines to dam Elon Musk $1 million voter giveaway” [Reuters]. ” A Pennsylvania state choose mentioned on Thursday he wouldn’t instantly transfer ahead with a lawsuit that seeks to cease Elon Musk’s $1 million voter giveaway forward of the Nov. 5 U.S. presidential election. At a listening to in Pennsylvania, Decide Angelo Foglietta mentioned he would place the lawsuit on maintain whereas a federal courtroom considers whether or not to take up the case. Musk’s bid to maneuver the case frees him to proceed the giveaway, as a result of the matter seemingly gained’t be resolved till after Tuesday’s election. The billionaire entrepreneur, who’s spending closely to again Republican Donald Trump, had been ordered to attend the listening to however didn’t seem.” • The Trump marketing campaign has one unfastened cannon. It doesn’t want two.
Trump (R): “Trump Doubles Down After Elon’s Stunning ‘Tank the Financial system’ Confession” [The New Republic]. “In an interview with Sean Hannity on Tuesday evening, Trump lauded Musk as a ‘very distinctive man’ and a ‘nice cost-cutter’ when requested a few potential position for the billionaire CEO in his Cupboard. However much more unbelievably, the Republican candidate mentioned with confidence that the American individuals wouldn’t ‘really feel’ the financial impacts of chopping trillions from the finances. ‘He’ll reduce prices with out anyone even understanding it—no person’s going to note—no person goes to really feel it,’ Trump informed Hannity, confirming that Musk does certainly plan to slash $2 trillion from the federal government’s finances.” Twitter does nonetheless work, even when the Tesla paint sales space by no means has. Extra: “Musk has proposed heading a ‘Division of Authorities Effectivity’ below a Trump Cupboard—and the previous president has clearly taken him up on it. At Trump’s hate-filled Madison Sq. Backyard rally over the weekend, Musk introduced that the goal is $2 trillion in cuts.’” • Musk has a world-class case of Principal Character Syndrome. Trump already has Musk’s cash. If Trump turns into President, he’ll heave Musk over the facet each time he needs, even when Musk can’t entertain such a chance.
Trump (R): “Employees Say They Had been Tricked and Threatened as A part of Elon Musk’s Get-Out-the-Vote Effort” [WIRED]. “‘I used to be in shock and disbelief,’ says a paid door knocker flown to Michigan to assist prove the vote for former president Donald Trump on behalf of Elon Musk’s America PAC. In Michigan, canvassers and paid door titties for the previous president, contracted by a agency related to America PAC, have been subjected to poor working situations: A lot of them have been pushed round at the back of a seatless U-Haul van, in accordance with video obtained by WIRED, and threatened that their lodging at a neighborhood motel wouldn’t be paid for in the event that they didn’t meet canvassing quotas. One door knocker alleges that they didn’t even know they had been signing up for something having to do with Musk or Trump. A consultant for Musk and America PAC didn’t return a request for remark. The contract these door titties signed with Blitz Canvassing, which is a subcontractor of Musk’s America PAC, says they’re ‘anticipated to take care of a 17-22% engagement charge through the marketing campaign,’ which is a excessive goal relative to the quantity of people that sometimes open their door for a stranger. A bunch of out-of-state America PAC canvassers had been informed throughout a current workforce assembly that in the event that they didn’t hit their targets, which the door knocker says had been greater than 1,000 per week on whole doorways knocked, the group would cease paying for his or her motel rooms.” • Musk have to be operating this operation like Tesla, not SpaceX (from the outcomes, I assume SpaceX isn’t a cesspit of dangerous labor practices). In would guess this story is simply too late to have an effect on the marketing campaign, however at what level does Musk, as political deadweight, outweigh the massive bucks? My guess is quickly, since Trump is already having to wash up after him (see above).
Trump (R): Kamala agrees:
She will likely be fired quickly https://t.co/nMtL8MUQ75
— Elon Musk (@elonmusk) October 31, 2024
However shut up, anyhow. (Seattle Occasions: “On Wednesday, the youngest-ever chair of the Federal Commerce Fee reached the tip of her three-year time period, throughout which she helped overhaul the federal government’s strategy to antitrust enforcement and introduced a slew of lawsuits in opposition to main companies. Khan, 35, can stay in her seat indefinitely, except she is changed. There are factions rooting loudly for every of these outcomes.” • A superb interview with Khan.
* * * Kamala (D): Who did this:
Vice President Harris: In contrast to Donald Trump, I do not imagine individuals who disagree with me are the enemy. He needs to place them in jail. I will give them a seat on the desk pic.twitter.com/KC6ms7nPig
— Kamala HQ (@KamalaHQ) October 30, 2024
Kamala, Kamala, Kamala. They’re Nazis. You don’t give them “a seat on the desk”; look what occurred to Von Papen and Hindenberg. Our Democracy is at stake! Or in the event that they’re not Nazis, and never attacking Our Democracy, then what’s your marketing campaign about?
Kamala (D): “Biden’s Gaffes Complicate Harris’s Ultimate Stretch, Worrying Democratic Insiders” [New York Times]. “Talking with reporters earlier than boarding Air Pressure Two exterior Washington, she famous that Mr. Biden had ‘clarified his feedback.’ However she added: ‘Let me be clear: I strongly disagree with any criticism of individuals based mostly on who they vote for.” • So Trump is a fascist, nevertheless it’s OK to vote for him?
Kamala (D): “Biden Sits Uncomfortably on the Marketing campaign’s Sidelines” [Wall Street Journal]. The deck: “Turning towards constructing his legacy, the 81-year-old will deal with his presidential library.” When he’s not biting infants. Extra: “Biden’s workforce has encountered some resistance elevating the roughly $200 million to $300 million Biden’s allies suppose will likely be required for it based mostly on previous presidential libraries, in accordance with individuals accustomed to the discussions. A part of the issue is that Biden hasn’t been a robust fundraiser. In accordance with one of many individuals accustomed to the efforts, he has eschewed utilizing a few of the gimmicks different presidents have used to woo donors, reminiscent of inviting mega donors to remain in a single day on the White Home. Some donors and their advisers say they haven’t been approached however wouldn’t decide till election outcomes are clear; some nonetheless really feel confusion and anger round Biden’s re-election marketing campaign and supreme exit from the race.” • Possibly the library might have a second-story window with a wagon crammed with dung straight below it. They might do re-enactments.
* * * Kamala (D): “Opinion George W. Bush is operating out of time” [Matt Bai, WaPo]. That is really not as horrid as I anticipated it to be. “No, I believe Bush owes it to the nation to sentence Trumpism on this second as a result of, of all our former leaders, he did essentially the most to create it… From [Obama’s victory after Bush] got here a easy ethos in Republican politics: Burn all of it down. Trump didn’t spring from nowhere. He was, and is, a car of fury and misplaced religion. If compassion doesn’t work, then possibly cruelty will. If governing in a democracy means inventing wars and bailing out banks on the expense of troopers and laid-off employees, then possibly the democratic system itself must be demolished — and all its high-mindedness uncovered as hypocrisy. It was Bush who opened the door to this rage-filled room stuffed with voices screaming, ‘America First!’ Trump, an instinctive entertainer, merely walked by means of it.” • We regularly overlook that in follow the Republicans are extra democratic than Democrats. The Republican base hated their celebration leaders and removed them. Trump is the end result. Not so the Democrats, who pivoted from Biden to Kamala, seemingly in hours, like the nice authoritarian followers they’re.
* * * From Carla, “Not a lot a plant as a Halloween lament. Signal of the instances.” A yard signal of the instances, to my technical eye. Have readers noticed comparable examples?
(Cf. Lamentations 3:55-66, an imprecatory prayer.)
* * * GA: “What do early votes, polls present about presidential race in Georgia, a key swing state?” [News and Observer]. “As of Oct. 29, about 3.2 million early votes have been solid within the state, ‘shattering earlier early voting efficiency,’ in accordance with Georgia’s secretary of state. By comparability, on the similar stage in 2020, 2.1 million early votes had been solid…. Girls, up to now, have outpaced males in voting by a margin of almost 12 factors — 55.5% to 43.8%, in accordance with the College of Florida’s Election Lab…. This development has additionally been noticed in different swing states, together with Michigan and North Carolina… Hatcher known as the early voting information ‘tough to learn,’ and Richey mentioned it ‘can supply restricted predictive worth on the eventual final result.’ In sum, Richey mentioned, ‘the shut polling margins and demographic composition of early voters counsel that no candidate has a transparent edge at this stage. As an alternative, it appears seemingly that closing outcomes could hinge on Election Day turnout and any last-minute shifts in undecided voters.’”
ME: “Trump wins scholar mock election in Maine” [Portland Press Herald]. “Trump gained 52% of the vote, beating Vice President Kamala Harris by greater than 2,400 votes, in accordance with outcomes posted on-line by the secretary of state’s workplace.” And the deck: “Maine college students have predicted the winner of each presidential election since 2008, however they missed the mark within the 2020 U.S. Senate race by voting in opposition to Republican incumbent Susan Collins.” • 2008, 2012, 2016, 2020…. Not that lengthy really. Even when it does appear to be ceaselessly.
NC: “Black turnout is lagging in North Carolina, a warning signal for Harris” [Politico]. “Early vote numbers in North Carolina present the citizens skewing older and whiter, in comparison with the state’s voter registration, a purple flag for Democrats who want Black voters to prove in heavy numbers if Kamala Harris goes to flip this state. As of Wednesday, Black voters make up 18 p.c of the citizens in early voting, and a few Democratic operatives mentioned they need to bump that as much as about 20 p.c for Harris to be aggressive statewide. In 2020, Black voters had been 19 p.c of the citizens, when Donald Trump narrowly gained the state. And Democrats acknowledge that with no swing of their favor within the final days of early voting or on Election Day, it is probably not adequate. About 36,000 extra African People had voted in-person by this level in 2020 than in 2024, and ‘that hole needs to be closed amongst African People for Democrats to win,’ mentioned Thomas Mills, a Democratic strategist within the state.”
PA: “The Battle for What Might Be the Most Necessary County within the Nation” [The New Republic]. “The polling worries everybody, proper and left. Whereas I’m on the town, the FiveThirtyEight simulation factors for the primary time in months towards a Trump win. There’s a delicate shift in momentum, and you’re feeling it in every single place, like the primary chill of autumn. The early voting numbers for Republicans appear to be particularly excessive, although nobody can inform if these are new voters or individuals who have voted for Trump anyway. The consensus appears to be that Harris is operating a greater marketing campaign than Clinton did in 2016, however Trump can be operating a greater marketing campaign than he did in 2020. Make of that what you’ll.” • A superb portrait of Erie, even when it does focus — because it in all probability would if I wrote it — on bookstores, a neighborhood Cabernet, a meals corridor, and connoisseur pizza. And likewise: ‘Not solely has Erie picked each president since 2008 appropriately, it has been massively consequential in making these picks. It’s a needle that registers each shift within the nation’s temper, even when these shifts are occurring 1000’s of miles away. Or, as a minister will put it at a Black church later that night, “Erie County holds this election upon its shoulders.’”
WI: “Have Democrats discovered a technique to win over rural America? Have a look at what’s occurring in Wisconsin” [Politico]. “However to regain clout in Madison [,WI], they’ll must rebuild belief with voters in a spot that’s develop into more and more hostile to Democrats nationwide: rural America. Democrats have a shot in Wisconsin because of new voting maps handed after the state’s liberal-controlled excessive courtroom tossed out those crafted by Republicans to tilt of their favor…. Republican leaders are banking {that a} deep bench of incumbents and a observe report of delivering tax cuts will preserve rural voters of their camp…. However Democrats need to proceed a current string of success in statewide races after successful again the governor’s mansion in 2018 and flipping the state’s Supreme Courtroom from conservative to liberal in 2023. They’re pouring cash into greater than a dozen battleground seats unlocked by new maps. ”
* * *
* * *
Syndemics
“I’m in earnest — I can’t equivocate — I can’t excuse — I can’t retreat a single inch — AND I WILL BE HEARD.” –William Lloyd Garrison
Covid Assets, United States (Nationwide): Transmission (CDC); Wastewater (CDC, Biobot; consists of many counties; Wastewater Scan, consists of drilldown by zip); Variants (CDC; Walgreens); “Iowa COVID-19 Tracker” (in IA, however nationwide information). “An infection Management, Emergency Administration, Security, and Normal Ideas” (particularly on hospitalization by metropolis).
Lambert right here: Readers, thanks for the collective effort. To replace any entry, do be at liberty to contact me on the tackle given with the vegetation. Please put “COVID” within the topic line. Thanks!
Assets, United States (Native): AK (dashboard); AL (dashboard); AR (dashboard); AZ (dashboard); CA (dashboard; Marin, dashboard; Stanford, wastewater; Oakland, wastewater); CO (dashboard; wastewater); CT (dashboard); DE (dashboard); FL (wastewater); GA (wastewater); HI (dashboard); IA (wastewater stories); ID (dashboard, Boise; dashboard, wastewater, Central Idaho; wastewater, Coeur d’Alene; dashboard, Spokane County); IL (wastewater); IN (dashboard); KS (dashboard; wastewater, Lawrence); KY (dashboard, Louisville); LA (dashboard); MA (wastewater); MD (dashboard); ME (dashboard); MI (wastewater; wastewater); MN (dashboard); MO (wastewater); MS (dashboard); MT (dashboard); NC (dashboard); ND (dashboard; wastewater); NE (dashboard); NH (wastewater); NJ (dashboard); NM (dashboard); NV (dashboard; wastewater, Southern NV); NY (dashboard); OH (dashboard); OK (dashboard); OR (dashboard); PA (dashboard); RI (dashboard); SC (dashboard); SD (dashboard); TN (dashboard); TX (dashboard); UT (wastewater); VA (wastewater); VT (dashboard); WA (dashboard; dashboard); WI (wastewater); WV (wastewater); WY (wastewater).
Assets, Canada (Nationwide): Wastewater (Authorities of Canada).
Assets, Canada (Provincial): ON (wastewater); QC (les eaux usées); BC (wastewater); BC, Vancouver (wastewater).
Hat tricks to useful readers: Alexis, anon (2), Art_DogCT, B24S, CanCyn, ChiGal, Chuck L, Festoonic, FM, FreeMarketApologist (4), Gumbo, hop2it, JB, JEHR, JF, JL Joe, John, JM (10), JustAnotherVolunteer, JW, KatieBird, KF, KidDoc, LL, Michael King, KF, LaRuse, mrsyk, MT, MT_Wild, otisyves, Petal (6), RK (2), RL, RM, Rod, sq. coats (11), tennesseewaltzer, Tom B., Utah, Bob White (3).
Keep protected on the market!
Transmission: H5N1
“Federal and State Veterinary Companies Share Replace on HPAI Detections in Oregon Yard Farm, Together with First H5N1 Detections in Swine” (press launch) [APHIS, USDA]. “The U.S. Division of Agriculture (USDA) and Oregon state veterinary officers are investigating constructive instances of H5N1 in a yard farming operation [i.e., not just Big Ag] in Oregon that has a mixture of poultry and livestock, together with swine…. On Tuesday, Oct. 29, the USDA Nationwide Veterinary Companies Laboratories additionally confirmed one of many farm’s 5 pigs to be contaminated with H5N1, marking the primary detection of H5N1 in swine in the US. The livestock and poultry on this farm shared water sources, housing, and gear; in different states, this mixture has enabled transmission between species… USDA’s Nationwide Veterinary Companies Laboratories (NVSL) has carried out genomic sequencing of virus from the poultry contaminated on this farm, and that sequencing has not recognized any adjustments to the H5N1 virus that will counsel to USDA and CDC that it’s extra transmissible to people, indicating that the present danger to the general public stays low.”
“Hen flu present in a pig in U.S. for the primary time, elevating considerations about potential dangers to people” [Helen Branswell, STAT]. “Pigs are generally known as a “mixing vessel” for flu viruses, as a result of they are often contaminated with each fowl flu viruses and human flu viruses. If the animals are co-infected on the similar time with two or extra viruses, the viruses can swap genes, doubtlessly making a hybrid virus that’s higher capable of unfold to and amongst individuals than fowl flu viruses sometimes are. This phenomenon, known as reassortment, is what gave rise to the 2009 H1N1 pandemic. As a result of pigs can play this position, flu consultants have been frightened that the H5N1 virus at present spreading in cows in the US might make its technique to pigs — although any model of the H5N1.” And: “Pigs are extremely prone to flu viruses — human and avian. Actually, over a long time, human seasonal flu viruses have discovered their means into pig populations, the place they flow into and reassort…. The truth that most of the viruses in pigs beforehand circulated in people signifies they’ve the genetic know-how to do what H5N1 has not been capable of do by itself, however might doubtlessly purchase the capability to do, if it underwent the best gene swap. ”
“USDA pronounces first H5N1 avian flu detection in US pigs” [Center for Infectious Disease Research and Policy]. “Michael Osterholm, PhD, MPH, director of the College of Minnesota’s Heart for Infectious Illness Analysis and Coverage (CIDRAP), which publishes CIDRAP Information, mentioned it’s not but identified if the pig was actually contaminated or if the nasal passages had been contaminated by environmental publicity, a scenario strongly suspected when a Colorado poultry culler examined constructive in 2022 throughout nasal swabbing that was performed as a part of sickness monitoring. He mentioned the necropsy examination will reveal if the pig was actually contaminated and if the virus was discovered deep within the pig’s lungs. “We’ll have to attend and see,” Osterholm mentioned, urging warning in deciphering the brand new growth. He famous that earlier scientific work prompt that the virus doesn’t simply infect pigs.”
Stats Watch
Employment Scenario: “United States Preliminary Jobless Claims” [Trading Economics]. “The variety of people submitting for unemployment advantages within the US fell by 12,000 from the earlier week to 216,000 on the interval ending October twenty sixth, reaching the identical stage of mid-Might of this yr, and properly beneath market expectations of 230,000. The decline strengthened the view that the U.S. labor market stays resilient to the Federal Reserve’s restrictive rates of interest, bolstering expectations that the central financial institution will maintain off on additional aggressive charge cuts in upcoming choices.”
Employment Scenario: “United States Challenger Job Cuts” [Trading Economics]. “US employers introduced 55,597 job cuts in October 2024, beneath 72,821 in September, however above 50.9% from 36,836 in October 2023. Aerospace/Protection led the cuts (18,465), totally on Boeing’s announcement to chop 17K jobs, adopted by Retailers (7,696) and Client Merchandise producers (4,571). October’s whole marks the seventh time this yr job reduce bulletins are increased year-on-year.”
Revenue: “United States Private Revenue” [Trading Economics]. “US private earnings rose by 0.3% from the earlier month to $24.948 trillion in September of 2024, in keeping with market expectations and choosing up from the 0.2% enhance within the earlier month, extending the view of a robust US financial system regardless of the extended interval of tight credit score situations. Compensation for workers continued to rise sharply….”
Inflation: “United States Core PCE Worth Index MoM” [Trading Economics]. “The US core PCE worth index, the Federal Reserve’s most well-liked gauge to measure underlying inflation, rose by 0.3% from the earlier month in September of 2024, the best achieve in 5 months.”
Manufacturing: “Stress mounting for Boeing strike to finish from Washington enterprise leaders” [King5]. “The longer it goes on, nevertheless, the extra enterprise leaders throughout the U.S. are vocalizing their want for an finish to the strike. The Affiliation of Washington Enterprise’ Kris Johnson informed KING 5, ‘It’s the financial system that’s at stake.’ He and dozens of different enterprise chamber leaders throughout 41 different states despatched a letter Wednesday to leaders of each Boeing and the IAM District 751 union, pleading for an pressing decision. The teams wrote, ‘We had been extraordinarily disillusioned that union membership rejected the latest contract proposal.’” • And I’m certain the employees had been “extraordinarily disillusioned” within the contract, ffs.
Manufacturing: “The union struggle to resuscitate the Boeing pension is a battle over the American dream” [MarketWatch]. “A pension, also referred to as a defined-benefit plan, is usually a assured payout out of your employer in retirement. A 401(okay), or defined-contribution plan, is a office retirement financial savings and funding plan by which contributions come out of an worker’s paycheck and could also be matched by the employer. ‘401(okay)s simply aren’t chopping it; it’s a failed experiment for hundreds of thousands of individuals. 401(okay)s put all of the dangers and obligations on the person, who could also be debating between preserving the lights on or shopping for groceries,’ mentioned Karen Friedman, govt director of the Pension Rights Heart. “Pensions have all the time been a part of the American dream and retirement safety — in order that’s what’s at stake. This [union battle] is stimulating a debate on these points.’ Boeing reiterated the assertion it has made since September.’ There is no such thing as a situation the place the corporate reactivates a defined-benefit pension for this or some other inhabitants. They’re prohibitively costly and that’s why just about all personal employers have transitioned away from them to defined-contribution plans,’ the corporate mentioned. Financial institution of America analysts estimated in a analysis report earlier this month that reinstating the pension would price Boeing about $25 billion over a 15-year time horizon, or $1.6 billion to $1.7 billion a yr. ‘Given the state of affairs within the firm’s steadiness sheet, the ask for a defined-benefit program restart would appear to be a nonstarter on a lot of ranges,’ analysts at Wolfe Analysis mentioned in a current report.” • Completely. I imply, that’s a variety of govt pensions and inventory buybacks, alll gone, and who needs that?
Manufacturing: “It’s a human subject with Boeing” (Letter to the Editor) [Columbia Basin Herald]. “This strike is about respect and human components, not cash. The return of our pension is paramount. Firm management and their contract negotiators are snowblind and tone-deaf. We’ve lengthy reminiscences and have been grievously disrespected these previous 10 years we’ve gone with none contract enhancements. The Machinist Union membership didn’t smash this as soon as nice firm. Firm administration owns the debacle. The media retains harping that we gained’t win our pension again. That’s what the robber barons mentioned a century or extra in the past about unions successful the 40-hour work week, additional time pay, trip time and medical advantages amongst different human issue points that we’ve got fought and paid for in blood. That is the brand new ‘Gilded Age’ we live by means of. Working-class men and women are standing as much as the oligarchs and company greed. This can be a struggle that we’ve got to and can win for all working households.” • I ponder whether this sentiment is shared by the 36% who voted for the present contract (and what Boeing administration and the union are doing about that).
Manufacturing: “The Mysterious Case of Boeing and the 350 Lacking Planes” [Barron’s]. “Boeing has skilled years of wrestle tied to design and manufacturing issues with the 737 MAX. Because of this, it doesn’t present steerage. Wall Road nonetheless makes projections. In the beginning of 2024, analysts anticipated Boeing to ship about 700 planes and generate an working revenue of about $5.5 billion, in accordance with FactSet. Now the estimates are 377 jets and an working lack of greater than $7 billion. These numbers—each Boeing’s and Airbus’—imply 353 planes have vanished from supply estimates. The quantity will creep increased the longer the Boeing labor strike that started on Sept. 13 goes on…. The lacking 2024 deliveries would possibly find yourself equating to about 2% of whole airline capability. That may not sound like loads, nevertheless it’s sufficient to have an effect on airline capability planning and, subsequently, airfares.”
Manufacturing: “Boeing skips China’s largest airshow amid spending curbs” [Business Times]. “The US planemaker is not going to be one of many exhibitors on the Zhuhai Airshow subsequent month, a spokesperson mentioned in an e-mail response. The planemaker has beforehand mentioned it’s trying to curb spending amid a crippling strike… Boeing has additionally been caught up within the geopolitical tensions between the US and China, and new orders for the planemaker have been scarce in what is likely one of the world’s quickest rising aviation markets.”
Manufacturing: “China voices assist for Nasa over botched Boeing Starliner house mission” [South China Morning Post]. • When your enemy’s drowning, throw ’em an anvil.
Manufacturing: “Boeing strike will dent final jobs report earlier than election” [CNBC]. “Economists anticipate the U.S. to have added 100,000 jobs in October. Financial institution of America this week forecast that payroll tallies will likely be no less than 50,000 decrease than they might have in any other case been due to the strikes and impacts of each Hurricane Helene and Hurricane Milton.”
Right this moment’s Concern & Greed Index: 60 Greed (earlier shut: 60 Greed) [CNN]. One week in the past: 62 (Greed). (0 is Excessive Concern; 100 is Excessive Greed). Final up to date Oct 30 at 1:00:29 PM ET.
Gallery
Onward to Cubism (1891):
Lady with Canine pic.twitter.com/lIgB0FjlhR
— Pierre Bonnard (@pierre_bonnard) October 31, 2024
Jogs my memory of Eloise in Paris, I can’t suppose why:
Zeitgeist Watch
Class Warfare
“#JeNeSuisPasLiberal: Coming into the Quagmire of On-line Leftism” [David Auerbach, The American Reader]. • I hate this type of chart — who invented it, McKinsey? — however FWIW right here it’s:
Information of the Wired
“You Don’t Must Be a Billionaire to Journey in Her Rocket Automotive” [Wall Street Journal]. “When my father was rising up, he used to go to Cleveland’s Euclid Seaside amusement park. He had his first date there, and so did a lot of his pals. There was a experience with house rocket swings known as the Rocket Ships. When the park closed in 1969, it was the tip of an period. In the future, within the Seventies, my dad was driving in Cleveland and noticed one of many outdated rockets from that amusement park experience within the yard of a home. He parked out entrance and sat there, remembering the glory days. A man got here out and mentioned, ‘Hey, can I enable you?’ My dad requested concerning the rocket, and the man mentioned, ‘You need it? You may have it.’ [His] thoughts was superb. He might make a automobile out of something. I’ve a automobile he constructed out of a tub. He determined to construct the Rocket Automotive, a street-legal car he might use to drive his household round. My dad mated the unique rocket with a subframe from an Oldsmobile Toronado and a modified Oldsmobile ‘Rocket 455’ engine—so all of it match collectively. Impressed by a faculty science mission my brother Eric was doing, my dad used chains and gears from heavy gear within the steering mechanism. My father constructed the primary Rocket Automotive earlier than I used to be born, however he discovered a second rocket and constructed a second automobile for my mom, Leanne Heitman, after I used to be born.”
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JC commments: “Taken on my each day stroll across the golf course with the pooch. Pooch not included.”
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