2:00PM Water Cooler 10/8/2024 | bare capitalism

Date:


By Lambert Strether of Corrente.

Form readers, because of so lots of you for asking after me yesterday, after I had described my fall. The truth is, I’m, as I assumed I might be, in type at the moment. No sprain or tear, which is what I used to be most fearful about (since my again is stiff as the perfect of instances). A number of twinges in my knee. Scrapes properly scabbed over. The entire episode brings dwelling to me how fortunate I’ve been, not solely on this specific episode, however typically: Many, many individuals have skilled extra ache of their lifetimes than I ever have. –lambert P.S. Additionally a hat tip to Massive Pharma for the drugs.

Chook Tune of the Day

Again to the mimidae!

Tropical Mockingbird,Punto Sin Retorno, Ocotepeque, Honduras. “Imitando otras especies: 0:30 (Melanerpes aurifrons) 1:08 (Falco sparverius) 1:28 (Camptostoma imberbe) 2:00 (Piaya cayana) 2:08 (Rupornis magnirostris).” Fairly a virtuoso!

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In Case You May Miss…

  1. New Trump’s 2020 polling underestimates vs. margins within the Swing States at the moment.
  2. The Feds launder migrants via NGOs to companies owned by the American gentry.
  3. Boeing’s inventory.

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Search for the Helpers

It’s not like introverts want assist, in fact….

…. however it nonetheless might be good.

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My e-mail deal with is down by the plant; please ship examples of there (“Helpers” within the topic line). In our more and more determined and fragile neoliberal society, on a regular basis regular incidents and tales of “the communism of on a regular basis life” are what I’m in search of (and never, say, the Purple Cross in Hawaii, and even the UNWRA in Gaza).

Politics

“So lots of the social reactions that strike us as psychological are the truth is a rational administration of symbolic capital.” –Pierre Bourdieu, Classification Struggles

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2024

Lower than forty days to go!

Friday’s RCP Ballot Averages:

For those who ignore your complete idea of margin of error, Trump gained a couple of inches of floor within the trench warfare (After all, we on the surface may as properly be inspecting the entrails of birds once we attempt to predict what is going to occur to a subset of voters (undecided; irregular) in a subset of states (swing), and the irregulars particularly may as properly be quantum foam, however presumably the marketing campaign professionals have higher knowledge, and have the state of affairs as underneath management as it may be MR SUBLIMINAL Fooled ya. Kidding!.

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The opposite day I muttered about making a map placing Trump’s 2020 voting underestimates towards Trump (or Kamala’s) margins in Swing States. Hat tip to alert reader hk for doing the arduous work and digging out the numbers. I did the straightforward half, which was making the helpful map:

Legend: Numbers in Blue (Kamala) or Purple (Trump) present the main candidate in 2024. Naturally, orange numbers present Trump’s underestimates in 2020.

Clearly, if the polls in 2024 are off by as a lot, and in the identical route, because the polls in 2020, this election appears to be like very, very completely different (and, the truth is, within the bag for Trump). However are they? Opinions differ (“Infinite are the arguments of mages” –Ursula LeGuin).

Lambert right here: I’m not a polling maven!

“CNN knowledge guru declares Trump will win White Home if he outperforms present polling by one level” [FOX]. “CNN senior knowledge reporter Harry Enten stated that the presidential race between former President Trump and Vice President Kamala Harris is so shut that if Trump outperforms present polling by one level, he’ll win the White Home. ‘We‘re speaking concerning the closest marketing campaign in a technology the place ,’ Enten instructed CNN anchor John Berman on Friday.” • Oh.

“The Asterisk on Kamala Harris’s Ballot Numbers” [The Atlantic]. “The 2016 election lives in standard reminiscence as maybe probably the most notorious polling miss of all time, however 2020 was quietly even worse. The polls 4 years in the past badly underestimated Trump’s help at the same time as they appropriately forecast a Joe Biden win. A complete postmortem by the American Affiliation for Public Opinion Analysis concluded that 2020 polls had been the least correct in a long time, overstating Biden’s benefit by a median of three.9 share factors nationally and 4.3 share factors on the state degree over the ultimate two weeks of the election…. In accordance with The New York Instances, Biden led by 10 factors in Wisconsin however received it by lower than 1 level; he led Michigan by 8 and received by 3; he led in Pennsylvania by 5 and received by about 1. As of this writing, Harris is up in all three states, however by lower than Biden was. .” Extra: “[Don Levy, the director of the Siena College Research Institute] instructed me that, in 2020, the folks working the telephones for Siena incessantly reported incidents of being yelled at by mistrustful Trump supporters. ‘In plain English, it was not unusual for somebody to say, ‘I’m voting for Trump—fuck you,’” after which grasp up earlier than finishing the remainder of the survey, he stated. (A lot for the ‘shy Trump voter’ speculation.) In 2020, these responses weren’t counted. This time round, they’re. Levy instructed me that together with these ‘partials’ in 2020 would have erased almost half of Siena’s error price.” What if Trump voters are so disaffected that they lie about supporting Harris? No person appears to have talked about that chance. And: “‘In 2016, the sensation was that the issue we had was not capturing non-college-educated white voters, notably within the Midwest,’ Chris Jackson, the pinnacle of U.S. public polling at Ipsos, instructed me. ‘However what 2020 instructed us is that’s not truly ample. There may be some form of political-behavior dimension that wasn’t captured in that education-by-race crosstab. So, basically, what the business writ giant has accomplished is, we’ve began actually wanting far more strongly at political variables.’ .” • Maybe the Republican and Democrat voters are essentially completely different not alongside ideological strains however by way of functionality. Republicans, in spite of everything, hated their occasion management and overthrew it. Democrats have accomplished no such factor. Maybe that degree of dedication carries over to turnout (although I grant this chance wouldn’t apply to undecided or irregular voters, except they thought this functionality worthy of emulation). One may speculate that Trump’s “struggle, struggle, struggle!,” and continued presence on the marketing campaign path regardless of not one however two assassination makes an attempt feeds into this propensity.

“Can we belief the polls this 12 months?” [VOX]. Varied: “It has been getting tougher due to Trump’s potential to end up the sorts of voters many polls have hassle capturing.” If these “varieties” of voters are irregular or disaffected, that will imply that Trump is making “our democracy” work higher than Democrats. Extra: “The phrase I heard most in my conversations was a fear about ‘fixing for the final drawback’ or ‘combating the final battle.’ In different phrases, classes have been realized, however will these classes apply this time round? In 2016, for instance, pollsters addressed a few of the causes they overestimated Mitt Romney’s efficiency in 2012 however missed that state-level surveys had been overrepresenting faculty graduates. That miss ended up artificially boosting Hillary Clinton’s help, particularly within the Midwest battleground states that proved decisive.” And an inventory of the troubles: Nonresponse bias, unlikely and late-deciding voters, hard-to-poll subgroups (approached by wanting crosstab outcomes that “can yield conclusions with margins of error a lot bigger than these of a ballot’s topline outcomes”). And suggestions: Take a look at the pattern measurement, methodology, agency, margin of error, and keep skeptical.

“So, you’re positive the presidential race can be shut?” [Roll Call]. “Keep in mind, polls are primarily based on turnout assumptions, and if Harris generates stronger turnout amongst youthful voters, voters of shade, former Republicans, and college-educated whites, she might outperform the polling.” • I’m uncertain. I’m seeing two swing states the place voters meet the “crawl over damaged glass” turnout take a look at. Each units of voters are Trump voters. The primary is PA, the place Trump was nearly assassinated in Butler. The second is NC, the place Trump voters in WNC could really feel they’ve been deserted (and disrespected) by the Biden Administration’s response to Helene. Now, NC cuts each methods, as a result of these Trump voters, motivated although they be, merely could not be capable to attain the polls (the Put up Workplace isn’t getting many absentee ballots proper now, for instance). Nevertheless, if Republicans successfullly body the Biden Administration’s response to Milton as just like the response to Helene, then WNC sentiment could unfold to Georgia, one other swing state hit arduous by Helene, and even go nationwide. And I feel the Democrat counter-messaging on abortion is preaching to the choir. From Georgia, KLG amplifies:

My sources don’t have any cause to lie. Maybe some exaggeration however it all appears too prone to me.

FEMA is a charlie foxtrot, no matter its apologists and directors say. Virtually each one that applies for the $750 is denied. For instance, in case you have insurance coverage, no $750 as a result of your benevolent insurance coverage firm pays. Yeah, however for a lot of, solely after being dragged kicking and screaming to chop the test. An assistant rents her home in rural Georgia. Her losses are actual however as a result of she is a renter, no $200 to interchange the farm produce and meat misplaced in her freezer because of every week with out electrical energy. That’s all she requested for. $200B or no matter for Ukraine however no $200 for her. Some areas nonetheless have no idea when energy can be restored. In comparison with the mountains of North Carolina, these are the lucky. That is the message the individuals are getting…It’s prone to worsen when Milton slams into Tampa-St. Pete Wednesday evening. Sustained winds again as much as 150 mph with 24 hours to go. This could be a killer.

If that assistant is just not troubled with TDS, there’s one other potential “damaged glass” voter in a swing state (and thirty days is time to marinate a number of grievance).

“Polling isn’t damaged, however pollsters nonetheless face Trump-era challenges” [ABC]. Report from the annual convention of the American Affiliation for Public Opinion Analysis in Could: “[Cameron McPhee, chief methodologist for SSRS} told me the industry has moved toward agreement that multi-mode approaches are the best way to get a more representative sample. She stressed that it’s not that one mode is better, but rather a combination is ‘better than the sum of its parts.’ For instance, one SSRS survey experiment saw improved response rates for state-level surveys that recruited respondents by various means, including postcard or SMS text message, and gave respondents six potential access points to respond: URL, QR code (directing them to the survey), text, email, a phone number for respondents to call (inbound dialing) and SSRS reaching out to them by phone (outbound dialing).” • I wonder if the different recruitment mode affects the response. I might not be “the same person” answering a call as I am when making a considered response to email.

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Kamala (D): “Kamala’s Comedown How the Harris campaign became a grim slog” [New York Magazine]. “Her once-ascendant polling numbers have stalled and her marketing campaign has develop into cautious, granting TV interviews principally to a handful of native information channels in swing states. If the primary month of her candidacy was an exhalation after the suffocating defeatism underneath Biden, the final weeks earlier than Election Day have felt like a collective holding of breath.” Maybe to a Democrat. Extra: After the Vance-Walz debate, “[i]t was obvious that the Harris marketing campaign had backed away from its main value-add: the promise that it will break with the politics of the previous… In response to Republican smears casting her as America’s ‘border czar’ answerable for a dysfunctional immigration system, Harris has pivoted rightward on the problem, promising a extra restricted path for asylum seekers throughout a September journey to the U.S.-Mexico border… Harris’s deference to the established order has been much more pronounced on international coverage, which has been dominated by Israel’s grinding warfare in Gaza…. [S]elling nostalgia for a pre-Trump world raises the query of how Harris is any completely different from Biden. It additionally sends the message that Democrats have didn’t persuade voters that Trump and his acolytes are past the pale. So what’s to be accomplished a couple of political actuality through which voters need the opposing forces of liberalism and authoritarianism to be reconciled? The reply, for Harris, more and more resembles a paradox: stave off Trumpian calamity via politics as ordinary.” • “Acolytes” being roughly half the inhabitants, deplorable although they might be?

Kamala (D): “Doug Emhoff was a foul-mouthed ‘a**gap’ and ‘misogynist’ who employed a ‘trophy secretary’ as a result of she was ‘fairly’ and ‘retaliated towards ladies who didn’t flirt again’ at LA legislation agency, ex-staff declare” [Daily Mail]. IOW, he was an leisure lawyer? “Attorneys who labored with Doug Emhoff at his former agency Venable say he yelled expletives, held a men-only cocktail hour within the workplace, revoked work perks from ladies who didn’t flirt with him, and took solely younger, enticing associates in a limousine to a ball. A 2019 lawsuit additionally claimed intercourse discrimination by different companions within the LA workplace Emhoff ran, and that whereas engaged to Harris, he employed an ‘unqualified’ part-time mannequin as a authorized secretary ‘as a result of she was younger, enticing and pleasant with the highly effective males within the workplace’. The claims are the most recent in a string of allegations revealed by DailyMail.com that threaten to shatter Emhoff’s picture, closely promoted by the Harris presidential marketing campaign, of a feminist ally and ‘spouse man’. In August DailyMail.com revealed the Los Angeles lawyer cheated on his first spouse and received his daughter’s grade faculty teacher-cum-nanny pregnant. And final week we uncovered claims that he struck his ex-girlfriend in 2012…. Now his former colleagues from the Venable Los Angeles workplace, which he ran from 2006 to 2017, are coming ahead with allegations about his ‘inappropriate’ and ‘a**gap’ habits within the office. All of them spoke upon settlement they’d not be named, fearing retaliation. One senior former staffer claimed Emhoff ‘bragged’ about yelling ‘get the f*** out of my workplace’ to a feminine accomplice on the agency, later telling his prime male colleagues that he had ‘put her in her place’.” • Put the burden of proof right here towards that introduced in the course of the Kavanaugh nomination, and evaluate the degrees of hysteria.

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Lambert right here: Kamala’s stated an entire raft of idiotic clarifying issues up to now few days, however I’ve no time to mixture the clips and evaluate transcripts. Maybe tomorrow.

Kamala (D): Sorry to cite World Web Every day, however right here we’re:

I’m so previous I bear in mind when Roger Mudd took down Teddy Kennedy — IIRC, whereas on Kennedy’s yacht — by asking Teddy to elucidate why he wished to be President, and Teddy coughed up a large hairball. This clip jogs my memory of that. Wouldn’t or not it’s nice to have a candidate whose voice you’ll truly take pleasure in listening to? For 4 years?

Kamala (D): Kamala’s Glock:

Can readers dig into the Glock? Weapons will not be my discipline of experience.

Kamala (D): Why propagate a phrase like “what might be, unburdened by what has been” if you happen to’re not going to make use of it when the time comes?


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Kamala (D): “What Actually Occurred On Tim Walz’s Journeys to China” [Politico]. Value a learn. From this story, these youngsters had been fortunate to have Walz as a trainer (and the way silly of the Harris marketing campaign to border him as “Coach.” I think about the marketing campaign felt that framing made Walz a manly man, fixing some demographic issues for them, however being a high-quality trainer is one glorious type of manhood, and with approach much less bullshit than American soccer [snort]). And oppo me no oppo; if any seems, I’ll fear about it then.

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Trump (R): “How Jack Smith Outsmarted the Supreme Courtroom” [Sean Wilentz, The Atlantic]. “Smith’s submitting tries to slice via the Courtroom’s safety defend concerning the riot. Skillfully quoting from or alluding to language within the Courtroom majority’s personal opinion, the submitting demolishes the notion that Trump’s actions, culminating on January 6, deserve immunity. Outwardly, Smith’s submitting respects the Courtroom’s doubtful ruling concerning the immunity of official presidential acts. Legally, Smith had no selection however to function inside that ruling, a undeniable fact that sharply restricted how far his submitting might go. However although it by no means challenges the conservative majority instantly, the submitting makes a case, incontrovertible in its logic and factual element, that the core of Trump’s subversion concerned no official actions in any respect. It persuasively argues, with reality after reality, that Trump was the pinnacle of a completely non-public prison plot as a candidate to overthrow the election, hatched months earlier than the election itself. In remounting his case, , that underscore the depravity in addition to the extent of Trump’s prison actions.” • Except making an attempt a case within the courtroom of public opinion results in conviction, Wilentz’s use of “prison” is question-begging. Additional, I don’t very like the result of Trump vs. United States myself. However the ruling is a case of “arduous instances make dangerous legislation.” And IMNSHO case was “arduous” as a result of Democrat lawfare put Smith/Chutkan within the public thoughts, together with Smith/Cannon (useless), Bragg/Merchan (mind-bogglingly trivial, and appealed), James/Engoron (appealed, courtroom doubtful), and Willis/McAfee (farcial, not tried). Maybe if the Democrats had tried for a clear kill with January 6, as a substitute of beginning 5 separate instances on the idea that one would prevail, FAFO wouldn’t have utilized. (However maybe in addition they felt internally — having held hearings on the matter together with a documentary movie, ffs — {that a} January 6 case was not all that sturdy.)

Realignment and Legitimacy

Count on continued volatility:

Good shoutout from Tkacik [lambert blushes modestly].

“A Troubled Place” [Christopher F. Rufo and Christina Buttons, CIty Journal] (Charleroi, PA). That is properly value studying in full. It pains me to cite the Manhattan Institute, however they went and received the story, credit score due. Right here is the nut graf: “The essential sample in Charleroi has been replicated in 1000’s of cities and cities throughout America: the federal authorities has opened the borders to all comers; an online of publicly funded NGOs has facilitated the movement of migrants inside the nation; native industries have welcomed the arrival of low-cost, pliant labor. And, underneath these monumental pressures, locations like Charleroi usually revert to an older type: that of the corporate city, through which an open conspiracy of presidency, charity, and business reshapes the society to its benefit—whether or not the residents need it or not.” And: “One of the best ways to grasp the migrant disaster is to observe the movement of individuals, cash, and energy—in different phrases, to hint the provision chain of human migration.” • So that is “our democracy.” I puzzled who was driving the place migrants would relocate (although I’m positive some is spontaneous): The (Democrat-leaning and -funded) NGOs. And all to service the American gentry, too (making them the true drawback, what a shock). Clamp down on “native industries” and drawback solved.

“What Occurs if a Hurricane Smashes Tampa?” [Matt Stoller, BIG]. “Regardless, we’re getting into a world beset by local weather change, which would require a unique political order. Final July, I wrote a chunk on how we’re forgetting the teachings from Covid. We’re nonetheless extremely depending on China, and the fragility of our provide chains hasn’t improved. And that’s as a result of, whereas there are some good policymakers in positions of authority like Lina Khan and Rohit Chopra, the majority of our management class remains to be in thrall to a finance-friendly mannequin of business fragility. And this dynamic is as a lot an ideological drawback as anything.” • Absent the type of “change” that so many people hope for, I feel that our response to the Covid pandemic offers a transparent precedent for our already-in-place “completely different political order”: The ruthless utility of Rule #2. Stoller is extra optimistic, and I hope he’s proper.

Syndemics

“I’m in earnest — I cannot equivocate — I cannot excuse — I cannot retreat a single inch — AND I WILL BE HEARD.” –William Lloyd Garrison

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Covid Sources, United States (Nationwide): Transmission (CDC); Wastewater (CDC, Biobot; contains many counties; Wastewater Scan, contains drilldown by zip); Variants (CDC; Walgreens); “Iowa COVID-19 Tracker” (in IA, however nationwide knowledge). “An infection Management, Emergency Administration, Security, and Basic 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 deal with given with the vegetation. Please put “COVID” within the topic line. Thanks!

Sources, 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 studies); 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).

Sources, Canada (Nationwide): Wastewater (Authorities of Canada).

Sources, 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 secure on the market!

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Ticks

“One other Motive to Hate Ticks” [The Atlantic]. “When Clark Giles first heard about ticks making folks allergic to meat, he discovered the notion so unbelievable, he thought of it “hogwash.” Then, in 2022, it occurred to him. Following a spate of tick bites, he ate a hamburger and went into sudden anaphylaxis…. This uncommon allergy is most frequently brought on by the lone-star tick, whose saliva triggers an immune response towards a molecule, alpha-gal, present in most mammals moreover people. The allergy is also referred to as alpha-gal syndrome, or AGS. In recent times, the lone-star tick has been creeping northward and westward from its historic vary, within the southeastern United States. (Oklahoma is the truth is proper on the sting; ticks are extra prevalent in its east than its west.) Alpha-gal syndrome, too, is suspected to be on the rise. Farmers who spend their days outside are notably uncovered to lone-star ticks, and repeated bites could trigger extra extreme reactions. And so, Giles is amongst a gaggle of farmers who’ve develop into, paradoxically, allergic to the animals that they increase…. Farmers with extreme AGS discover it tough, and in some instances not possible, to care for his or her animals in any respect.” • One approach to resolve the manufacturing unit faming drawback, I suppose.

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TABLE 1: Every day Covid Charts

Lambert right here: CDC’s wastewater map ought to have been up to date by Friday at 8:00pm. That is Tuesday. It hasn’t been.

Wastewater
This week[1] CDC September 23 Final Week[2] CDC (till subsequent week):

Variants [3] CDC September 28 Emergency Room Visits[4] CDC September 28

Hospitalization
New York[5] New York State, knowledge October 7:

Nationwide [6] CDC September 14:

Positivity
Nationwide[7] Walgreens October 7: Ohio[8] Cleveland Clinic October 5:

Vacationers Information
Positivity[9] CDC September 16: Variants[10] CDC September 16:

Deaths
Weekly Deaths vs. % Positivity [11]CDC September 28: Weekly Deaths vs. ED Visits [12]CDC September 28:

LEGEND

1) for charts new at the moment; all others will not be up to date.

2) For a full-size/full-resolution picture, Command-click (MacOS) or right-click (Home windows) on the chart thumbnail and “open picture in new tab.”

NOTES

[1] (CDC) This week’s wastewater map, with scorching spots annotated. A lot much less intense!

[2] (CDC) Final week’s wastewater map.

[3] (CDC Variants) KP.* very fashionable. XEC has entered the chat.

[4] (ED) Down, however value noting that Emergency Division use is now on a par with the primary wave, in 2020.

[5] (Hospitalization: NY) Positively down.

[6] (Hospitalization: CDC).

[7] (Walgreens) Massive drop continues!

[8] (Cleveland) Dropping.

[9] (Vacationers: Positivity) Up, although lagged.

[10] (Vacationers: Variants).

[11] Deaths low, positivity down.

[12] Deaths low, ED down.

Stats Watch

There aren’t any official statistics of curiosity at the moment.

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Manufacturing: “Why Each Day the Boeing Strike Lasts Is a Larger Downside for the Inventory” [Barron’s]. “A month or so shouldn’t strain Boeing’s stability sheet an excessive amount of. Longer than that, the corporate, and its traders, will really feel extra vital ache…. The money burn can go on for some time, although. Boeing ended the second quarter with nearly $13 billion in money and short-term investments on its books. Boeing additionally had $10 billion of unused borrowing capability on its revolving credit score strains. With some $23 billion accessible, Boeing can, in idea, survive for months. The truth that Boeing can survive a strike that lengthy doesn’t imply it ought to, or that its lenders can be blissful. CFO Brian West is assembly with firm lenders this week. The lending syndicate, which incorporates many banks, will need an replace concerning the strike, how Boeing will reduce its money burn, and what money movement will appear like as manufacturing ramps up following the work stoppage. West will probably reiterate his current messaging that Boeing is actively managing liquidity and that his firm will keep its investment-grade credit standing, which Wall Avenue has interpreted as a willingness to promote new inventory to lift extra cash…. Coming into Tuesday’s buying and selling, Boeing inventory was down about 37% since an emergency door plug blew out of a 737 MAX 9 jet whereas in flight on Jan. 5. Shares are down about 4% because the begin of the strike. The relative strikes present what traders are most involved about. Manufacturing high quality and the 737 MAX matter greater than the strike—for now.” • After all, the 2 are associated. You’ll be able to’t repair manufacturing high quality with out recreating a purposeful store flooring, and you’ll’t do this whereas screwing the employees as arduous as you may.

Manufacturing: “Boeing, placing union to proceed negotiations” [USA Today]. “Boeing and its largest union stated they’d proceed contract talks on Tuesday, as each side search an settlement to finish a strike by round 33,000 U.S. West Coast manufacturing unit employees. The corporate and the union, whose members have been on strike for 25 days, had resumed contract talks on Monday within the presence of federal mediators. ‘Though we met with Boeing and federal mediators all day, there was no significant motion to report. We can be again at it tomorrow,’ The Worldwide Affiliation of Machinists and Aerospace Staff stated late on Monday.”

Manufacturing: “Boeing Begins Union ‘Schooling Classes’ as Labor Motion Stirs” [Bloomberg]. “Boeing Co. has began providing employees at a planemaking manufacturing unit in South Carolina “training classes” concerning the implications of becoming a member of a union, as a crippling strike at its websites within the Pacific Northwest places the highlight on the resurgence of organized labor within the US. The corporate is holding the voluntary conferences in response to ‘questions and issues from lots of you about union organizing exercise happening’ on the facility in North Charleston, in accordance with an Oct. 7 memo by Scott Stocker, a Boeing vice chairman and normal supervisor of the 787 Dreamliner program. Staff on the website, which isn’t unionized, will acquire insights into the authorized penalties of signing playing cards authorizing a union vote and what to do ought to a labor organizer knock on their door, in accordance with the memo seen by Bloomberg.” • Oh, positive, “voluntary.” So certainly one of Boeing’s responses to a strike in Redmondis to crank up union-busting in North Charleston, exhibiting the machinists precisely what is going to occur to them in the event that they don’t win, and win massive. This Ortberg dude needed to approve this, too. I assumed he was presupposed to be a breath of contemporary air?

Manufacturing: “El Segundo Boeing employees file whistleblower lawsuits alleging retaliation” [Los Angeles Times]. “Late final 12 months, Boeing worker Craig Garriott says a 4-ton satellite tv for pc inside an El Segundo plant fell after engineers didn’t correctly safe a clamp. Nobody was injured by the collapse of the $1 billion-plus satellite tv for pc that occurred over a weekend, however it might have been deadly if employees had been current, Garriott claims. The incident highlighted a raft of security violations that had been ignored by administration, in accordance with a whistleblower lawsuit that was lately transferred to federal courtroom in Los Angeles. Within the lawsuit, the veteran Boeing worker alleges that his employer retaliated towards him for talking out about issues he noticed at Boeing and Millennium House Programs, a Boeing protection contractor that makes small satellites…. ‘That is one other black eye,’ Dan Bubb, a professor of historical past with a give attention to aviation on the College of Nevada, Las Vegas, stated of the lawsuits. ‘The punches simply maintain touchdown one after the opposite.’ Boeing acquired Millennium House Programs in 2018 for an undisclosed quantity.” • McDonnel-Douglas was so successful, in order that they purchased Millenium?

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Immediately’s Worry & Greed Index: 72 Greed (earlier shut: 70 Greed) [CNN]. One week in the past: 67 (Greed). (0 is Excessive Worry; 100 is Excessive Greed). Final up to date Oct 8 at 1:57:20 PM ET.

Rapture Index: Closes up one on Oil Provide/Worth. “Battle within the Center East has pushed up oil costs” [Rapture Ready]. File Excessive, October 10, 2016: 189. Present: 180. (Do not forget that bringing on the Rapture is sweet.) • Exhausting to imagine the Rapture Index goes down. Do these folks know one thing we don’t?

Picture Guide

Appears to be like like a chip:

Zeitgeist Watch

Good smile on that man:

Information of the Wired

“The blogosphere is in full bloom. The remainder of the web has wilted” [Guardian]. “Like many people, he realised that what got here to be generally known as the blogosphere may very well be a contemporary realisation of Jürgen Habermas’s thought of “the general public sphere” as a result of it was open to all, all the pieces was discussable and social rank didn’t decide who was allowed to talk. However what he – and we – underestimated was the velocity and comprehensiveness that tech firms corresponding to Google and Fb would enclose that public sphere with their very own walled gardens through which “free speech” may very well be algorithmically curated whereas the audio system had been intensively surveilled and their knowledge mined for promoting functions.” • Nicely value a learn. And permit to me beg everybody wjho can activate their RSS feed to take action; RSS is nice, and if the suitable vertical is populated by RSS, RSS is simpler than search, a minimum of for protecting each day beats.

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Contact info for vegetation: Readers, be at liberty to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, to (a) learn how to ship me a test if you’re allergic to PayPal and (b) to learn how to ship me photos of vegetation. Greens are high-quality! Fungi, lichen, and coral are deemed to be honorary vegetation! If you’d like your deal with to seem as a credit score, please place it in the beginning of your mail in parentheses: (thus). In any other case, I’ll anonymize by utilizing your initials. See the earlier Water Cooler (with plant) right here. From SR:

SR writes: “Extra rabbit brush.”

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Readers: Water Cooler is a standalone entity not coated by the annual NC fundraiser. Materials right here is Lambert’s, and doesn’t categorical the views of the Bare Capitalism website. For those who see a hyperlink you particularly like, or an merchandise you wouldn’t see anyplace else, please don’t hesitate to specific your appreciation in tangible type. Keep in mind, a tip jar is for tipping! Common constructive suggestions each makes me really feel good and lets me know I’m heading in the right direction with protection. After I get no donations for 3 or 4 days I get fearful. Extra tangibly, a continuing trickle of donations helps me with bills, and I consider that trickle when setting fundraising targets:

Right here is the display that may seem, which I’ve helpfully annotated:

For those who hate PayPal, you may e-mail me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, and I offers you instructions on ship a test. Thanks!

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