The Internet
Rose Madeline Mula Writes About Silver Linings to the COVID19 Cloud
Rose Madeline Mula writes: I have thought about whom I would like to be isolated with if given the chance. Obviously, my first choice would be those I love — especially any of them who can cook. Other than that, who? No, not George Clooney. There would be way too much pressure to try to look good 24/7. Instead, it would be very handy to have a tech support guy or gal ensconced in the guest room to solve my inevitable computer glitches ... a plumber (clogged toilets are my nightmare, second only to a shortage of toilet paper) ... an electrician (in case of a repeat of my recent smoke detector catastrophe when all three failed simultaneously on a Saturday night and each screamed “EVACUATE!” every five seconds) ... And if one of these guys or gals knows how to fold a fitted sheet, that would be a big plus. more »
Federal Reserve Chair Jerome Powell Addresses Current Economic Issues: For Some, a Reversal of Economic Fortune
While the coronavirus economic shock appears to be the largest on record, the fiscal response has also been the fastest and largest response for any postwar downturn ... At the Fed, we will continue to use our tools to their fullest until the crisis has passed and the economic recovery is well under way. Recall that the Fed has lending powers, not spending powers. A loan from a Fed facility can provide a bridge across temporary interruptions to liquidity, and those loans will help many borrowers get through the current crisis. But the recovery may take some time to gather momentum, and the passage of time can turn liquidity problems into solvency problems. Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. This tradeoff is one for our elected representatives, who wield powers of taxation and spending. more »
Will COVID-19 Shape the 2020 Election? UC Berkeley Scholars Conclude That It Will Be An Election Without Precedent
Examining an array of issues, from presidential approval ratings, the Constitution, election law, unemployment rates to the security of digital voting, the scholars concluded it was still too uncertain to draw any sweeping conclusions. Except that November 2020 will be an election without precedent. “The Trump administration has decided to make an enormous policy and political bet, and the bet is that they can re-open the economy, and the economy will come back in time for the election, and that COVID-19 won’t re-erupt in a way that will either stifle those efforts or kill lots of people,” said Henry Brady, dean of the Goldman School of Public Policy. more »
Fact Check: Nancy Pelosi Has Not Said She's Going to Resign if President Trump Is Re-elected
FactCheck.org's Weekly Update: "In this video, we take a look at COVID-19 antibody tests, which can reveal whether someone was previously infected with the novel coronavirus — and explain why a positive or negative result may not always be so easy to interpret. President Trump falsely claimed that his administration was not initially able to meet the increasing demand for ventilators to treat COVID-19 patients because "we weren’t left ventilators by a previous administration." "FactCheck.org monitors the factual accuracy of what is said by major US political players in the form of TV ads, debates, speeches, interviews and news releases. Our goal is to apply the best practices of both journalism and scholarship, and to increase public knowledge and understanding." more »