Half of Americans now aged 55 or older are likely to have less than $20,000 a year to live on at age 65, according to an analysis by economist Teresa Ghilarducci at New York’s New School. “That means chronic deprivation for the rest of your life,” she said. The reason: the economic shutdown. Older workers...
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DEBT LOAD HOBBLES U.S. RECOVERY
When the economy shut down in March, the U.S. economy was toting $64 trillion in government, business, and consumer debt – more than three times the national GDP. Economies with high debt tend to recover more slowly from a setback than economies with less borrowing. In the U.S., up to 70 percent of the economy...
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U.S. MARKETS FRONT
On the equity market front, it’s more of the same. Stock markets keep rising as the global and domestic economies keep sinking. The reason for yesterday’s market boost, according to the Wall Street Journal, was because “investors [a.k.a. gamblers] cheered signs that political uncertainty may ebb following reports of President Trump’s improving health.” As we...
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AS COVID WAR RAGES, WOMEN BOOZE UP
We have been reporting on the many destructive socioeconomic, geopolitical, and personal implications of the COVID War on society. The RAND Corporation released a study in the medical journal JAMA Network Open that asked 1,540 adults to compare how their drinking habits have changed compared to last year. The study found drinking is up among...
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MICHIGAN’S LOCKDOWN RESTRICTIONS ILLEGAL
The Michigan Supreme Court last week handed Democratic Governor Gretchen Whitmer a legal setback when it ruled against her authority to extend coronavirus mandates in the state without seeking approval by state lawmakers. Whitmer called the decision “deeply disappointing” and pointed out that every state in the U.S. is under some form of a declared...
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CASES RISE BUT DEATH COUNT RARELY MENTIONED
On 3 October, Yahoo published an article with the headline: “These 11 states Now Have the Worst Covid Outbreaks in the US.” Seeing this headline, an inexperienced reader reasonably could assume that a very dangerous disease has spread across America. If one examines the article more thoroughly, however, the fear narrative quickly falls apart. The...
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FAT CHANCE COVID WON’T KILL YOU
Since the onset of the COVID War, when some New York City hospitals were being filled with coronavirus patients, the Trends Journal cited medical research concluding that among the most vulnerable victims were those suffering from obesity, Type 2 diabetes, respiratory conditions, and heart disease. In the 21 April Trends Journal, we reported: A new...
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FACE MASKS: POLITICS COUNTS, SCIENCE DOESN’T
As noted, the Trends Journal has been reporting for several months on the scientific evidence disputing the political mandates of mask wearing. A report, “Why Face Masks Don’t Work: A Revealing Review,” by Dr. John Hardie was published by the Oral Health Group in Canada in October 2016. Dr. Hardie has been investigating infectious disease...
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FINGER VEINS, NOT FINGERPRINTS, FOR I.D.
Fingerprints, the century-old standard for making positive identifications, isn’t so positive in the days of computer graphics and artificial intelligence. In the near future, we’ll rely on finger vein patterns instead. Researchers at the University of Buffalo have developed a 3D scanner that reads the patterns of blood vessels in a finger pad. Instead of...