Kangaroo Democracy

Republican office holders and the people who support them do not want a functional country, much less a functional constitutional democracy. We can keep asking them if this is their final answer, they will keep voting for con men and flimflam artists.

The country they want, indeed the country they made sure we would have four years ago, had 148,302 COVID-19 cases two days ago, more then 130,000 each of the two days prior. This is what they wanted, this is what we have.

Now what do they want? Go back to normal, Pandemic be gone, don’t steal the election they lost, celebrate your positive test… the idiocy knows no bounds. It does know an end. We are at the beginning of that end now with Trump’s countdown to disinfection at 1600 Pennsylvania Ave.

The people in our lives who seek to continue to be part of this dysfunctional cohort – wanting it all to continue, wanting some of it (the mask parts) to end – what do we do with them? Ignoring this malignancy does not work; ignoring their part in it may keep the peace at the holidays… but we won’t have the usual Thanksgiving this year. They made sure of that. This current episode was avoidable, they made sure we didn’t, no siree. There is a direct consequence to selling out your vote and your country to a racist ignoramus not interested in anything outside of his personal benefit. This is one of them; unfortunately, there are also many more.

We can take heart in the events of the last week, but we’ve got to remember all of them. Republican voters have put us all in their boat, even if it feels like we finally have enough oars in the water to row to a better shore. Remember this effort, all the work it takes, and that they want it to fail. Unless or until they prove otherwise, they must be considered a danger to themselves. They must be considered in favor of a country that ignores recognized standards of law and justice, one that holds no standing outside of fearful, closed minds. They have warned us. They want a kangaroo republic – to leap over the facts and people they don’t like, to live a fantasy yesteryear, reciting incantations to conjure divine rights.

Meanwhile, let’s get more oars in the water. Everybody row.

Never having to say you’re sorry

bull's eye view photo

For Wall Street, that’s what it means apparently. Torn over whether a Biden win brings joy or misery. Really.

Those with the rosier outlook point to Biden’s mostly pro-business inner circle, his significant campaign contributions from the financial industry and his longtime support of credit card companies located in his home state of Delaware. Plus, a Biden victory would likely be driven by U.S. voters seeking change because they believe the country is a mess. Wall Street thinks it has a strong argument to make that reining in lenders would be a fatal mistake when unemployment is sky-high and the economy remains ravaged by the coronavirus pandemic.

The enthusiasm, however, is tempered by fears over how much sway Biden will give progressives and their firebrand leaders, including Senators Elizabeth Warren and Bernie Sanders. That’s especially true when it comes to picking appointees to run the powerful agencies that police banks and securities firms, jobs that the activists are mobilizing to fill with industry critics. At a minimum, progressives want to ensure that the days are long over when Democrats appointed officials like Robert Rubin, Timothy Geithner and Lawrence Summers, who is a key Biden adviser.

The stakes for Wall Street couldn’t be higher. Centrist regulators would be less likely to overturn rule rollbacks approved under Trump that have saved financial firms tens of billions of dollars. Progressive agency heads, on the other hand, could pursue what the C-suite calls the “shame and investigation agenda.” Policies like taxes on trading, curbs on executive pay and even breaking up behemoth banks would be back on the table.

To wonder whether ‘Wall Street’ has some understanding of our current morass, much less the words ‘joy’ or ‘ misery,’ is to weep. Of course they do. Always check the business press if you’re wondering at all about the soul of a consumer society. Mantra for post-2016 world: it’s always worse than you think.

Image: Replica golden calf. Subtlety is NOT their strong point.

Windy names for fun

Why can’t the pharmaceutical companies

The United States is on the verge of a solar boom that could provide 4.3 percent of the nation’s electricity by 2020, according to a new report from Bloomberg New Energy Finance.

There’s just a 12-figure catch: Investors need to put $100 billion into the solar industry to keep the generation of solar electricity growing by 42 percent a year for the next decade to expand capacity from the current 1.4 gigawatts to 44 gigawatts

directly fund sponsor desert wind farms?

Federal prosecutors in Boston yesterday said British drug giant GlaxoSmithKline PLC agreed to pay $750 million to settle civil and criminal charges that it made and sold adulterated drugs, including the antidepressant Paxil, to Medicaid and other government payers

The settlement, one of the largest ever in a health care fraud case, burnished the reputation of the US attorney’s office in Boston as the premier federal office for investigating health care fraud. It has been responsible for recovering about $6 billion in health care fines and claims in the past decade, about 25 percent of all recoveries nationally.

If you think I’ve got it backwards, GlaxosmithKline’s share price only went down .14 (fourteen cents!) on news of the settlement.