The present freeze and energy crisis in Texas are significantly unpleasant. A fair number of people are about to die because neither the state, nor the infrastructure, nor the citizens are prepared for what is an extremely rare weather event.
If you missed the headlines over the weekend… well, as usual, you didn’t miss much. To no-one’s real surprise, the threat of filibuster was only a threat, and Mitch and Chuck have arrived at a power-sharing agreement. Later today, the Senate will convene as a court rather than a deliberative body, and Senator Patrick Leahy — the President Pro Tem, by tradition the longest-serving member of the majority party in the Senate — is expected to preside over Donald Trump’s second impeachment.
After opening fifteen hundred points down, the stock market dropped another two thousand. Consumer goods are up 20% — hoarding toilet paper does some good after all — but the rest of the market is through the floor.
Coronavirus fears, a massive price war for oil, and a certainty among financial wonks that a downturn is due: All these come together to create a truly nasty couple of days, (more…)
World news sources are covering the big day of riots in Venezuela. Three were reported killed yesterday as protestors marched, demonstrated, rioted violently, and looted shops in what’s being called the “Mother Of All Protests” against the government of President Nicolas Maduro. Opposition leaders in the nation’s parliament are calling for more days of protests unless Maduro steps down.
Meanwhile, CNN has announced that Serena Williams is pregnant. (more…)
Caracas is about five hundred miles south of Puerto Rico, and it’s home to one of the most troubled economies in the world. And, while the United States has indeed played a part in letting this happen, as a whole it’s mostly the fault of the Venezuelan government.
Books could be written here, and some no doubt have been. I’m going to keep this short, however, and in order to do that (more…)
Some of my olde– uh… more experienced readers may remember when gasoline first topped one dollar a gallon at the pumps. If you’re finding it tough to put a date to the event, here’s some hints: Jimmy Carter was President, there were hostages in Iran (which was about to be at war with Iraq), and America was in the grip of an energy crisis. (more…)