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Daily Archives: May 18, 2021
Whitmer says legislature is to blame for lack of progress on ‘damn roads’ – WSYM-TV
Posted: May 18, 2021 at 3:51 am
MICHIGAN.
It's a promise most all Michiganders remember, "fix the damn roads."
But three years into Gretchen Whitmer's term as Michigan governor, how are the roads really?
According to Michigan.gov's pavement tracker, overall road conditions were better in 2018-2019, than they were in 2019 - 2020, the most recent year for which data is available.
According to Michigan.gov's pavement tracker, overall road conditions were better in 2018-2019, than they were in 2019 - 2020, the most recent year for which data is available.
Ask how she felt about that, Whitmer said, "Well, I think that, as I explained, you know, we're doing a lot of work on the state trunklines and bridges."
"Because the legislature wouldn't move forward on what I had proposed, the gas tax, I know no one wants to raise taxes, but we've got a problem with infrastructure and I said I was going to solve it and that really would have been a good solution," she said. "All that being said, the legislature wouldn't do it, and so we are seeing our local roads continue to deteriorate."
Kyle Melinn is the editor of Michigan Information and Research Service, which covers Michigan state government exclusively.
Kyle Melinn is the editor of Michigan Information and Research Service, which covers Michigan state government exclusively.
On the topic of the legislature working with Whitmer he said; "I'm reminded of the old Dr. Seuss story about the two Zax, the westward, or the northward facing Zax and the southward facing Zax, in that you had two people who got to a certain point where they were both not going to budge off their position, and so now the rest of the world has had to kind of work around them in order to improve roads and bridges."
" You had two people who got to a certain point where they were both not going to budge off their position."
In 2019, Whitmer proposed a 45 cent gas tax increase to fix Michigan roads, he said, and Republicans replied with the offer to hike the tax by 15 cents. They never reached a compromise.
"It really damaged relations between the two. Since then, really, they haven't been able to agree on anything," said Melinn.
Throughout the spring, Whitmer has been making visits to road projects as part of her $3.5 billion "Rebuilding Michigan Plan."
The bonding plan is Whitmer's attempt to fix Michigan roads without having to work with the Republican-controlled legislature.
The bonding plan is Whitmer's attempt to fix Michigan roads without having to work with the Republican-controlled legislature.
"We moved forward with the bonding plan, we did this unilaterally," said Whitmer, "and we are putting $3.5 billion into roads across the state. Now it only addresses the state roads. I can't fix them, myself, the local ones. I need the legislature to work with me."
The bonding plan has 21 projects in the works.
Which brings us back to square one: the two Zax.
The governor maintains that the reason Michigan roads as a whole have not improved is that the legislature wouldn't work with her in 2019, and they won't work with her today.
The governor maintains that the reason Michigan roads as a whole have not improved is that the legislature wouldn't work with her in 2019, and they won't work with her today.
"I said that first year that I took office, I put a plan on the table that would have solved all of these problems. The legislature wouldn't...they wouldn't embrace the plan," she said. "But they also didn't even offer an alternative. They just walked away."
Senate Majority Leader Mike Shirkey responded with a statement calling Whitmer's account "blatantly false.
FOX 47 News, 2021
"The Legislature put before the governor multiple alternative plans to fix our roads from driveway to highway, and she chose to walk away. Her disastrous plan to nearly triple gas taxes would not have addressed local roads, but it would have made filling up your tank at the pump cost more. Even in recent weeks, the governor continues to abandon working with the Legislature on pressing issues facing Michigan, namely COVID response and the state budget," Shirkey said.
With 18 months left in Whitmer's term as governor, will the two Zax find a way to get Michigan road repairs moving?
With 18 months left in Whitmer's term as governor, will the two Zax find a way to get Michigan road repairs moving?
"There will not be a consensus within the time between now and the election for there to be a package in which taxes are raised to fund for roads," said Melinn. "I think that train has left the station and it's gone and done. The question now has to do with bonding."
The bonding plan could fill a much larger pot-hole in Michigan's road problems if President Biden's American Jobs Plan passes.
The plan would give $600 billion to U.S. infrastructure.
The plan would give $600 billion to U.S. infrastructure.
"The Biden administration is moving forward with their American Jobs Plan," Whitmer said. "There's a lot of resources for infrastructure, this may help us address some of those issues that I just described, and so I'm feeling optimistic."
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Whitmer says legislature is to blame for lack of progress on 'damn roads' - WSYM-TV
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Hes doing the small things: Hawks rookie Okongwu showing progress – Atlanta Journal Constitution
Posted: at 3:51 am
Of all the seasons to be a rookie in the NBA, this has to be one of the toughest, so that advice from more seasoned teammates certainly comes in handy. Because of the coronavirus, the leagues calendar was upended, compressed into a tight schedule that severely limits practice time, which is especially tough on guys who are still adjusting to the league. Okongwu also entered with an injury that limited him in the preseason and beginning of the season, as he dealt with a stress fracture in the sesamoid bone of his left foot.
In the first half of the season, under Lloyd Pierce, Okongwu played in 14 games. Under interim coach Nate McMillan, who took over March 1, he has played in 35. Playing more consistently has helped him settle into more of a rhythm as the Hawks backup center, behind starter Clint Capela.
His stats dont jump off the page (4.2 points, 0.6 blocks, three rebounds in 11.6 minutes per game), but the Hawks dont need him to put up eye-popping numbers they need him to take time to develop his game, while helping out the second unit. Whether he plays much in the postseason, as rotations tighten, Okongwu has taken a step forward, even if he still has rookie moments here and there.
Its all experience, Okongwu said. The more reps I get, the more I learn, the better I get. As of right now, Im just trying to go out there, do what I do, have fun, learn how to stay out of foul trouble. Trying to stay away from picking up ticky-tack fouls, but its all a learning experience.
With his athletic ability, coming out of USC, Okongwu drew comparisons with Miamis Bam Adebayo. As Okongwu continues in the league, he wants to develop his ball-handling and passing, as Adebayo did.
I feel like when me and him came out of college, we were the same type of player, Okongwu said of Adebayo, who played one season for Kentucky. He developed over the course of these past couple years, me and him started off the same, and then he was able to develop his game these past couple years, how he handles the ball, facilitates. I feel like if I keep working, I can be a top player like him. We have the same build, same athleticism, overall I feel like were the same build. So I think over the course of my career, I can have a game like that.
On Wednesday, Okongwu had 11 points in the Hawks 120-116 win vs. Washington, helping the team clinch a Top 6 playoff spot. Toward the end of the third quarter, he had four consecutive points to narrow the deficit to nine, before an eventual fourth-quarter comeback.
In the 135-103 win vs. the Suns (then the top team in the West) on May 5, Okongwu was part of why the bench dominated, turning the game into a complete blowout in the fourth quarter. He finished with a season-high 14 points, to go with seven rebounds, three steals and two assists.
On defense, he had a scrappy performance in the Hawks win vs. Miami on April 23, limiting Adebayo and the Heat to 14 points in the fourth quarter (Okongwu actually started that game and played 28 minutes, with Capela out because of injury).
Overall, hes showing more good activity on the court, even if it hasnt translated to the box score yet. While watching film a few weeks ago, power forward John Collins noticed Okongwu throw a cross-court pass out of a short roll. It was an indication that Okongwus game is developing.
Youre just starting to see his game mature, a couple nuances. Thats really big for O, who, as I say, is really a year removed from high school, Collins said. And to come in and be a real player in this league and have to contribute minutes, hes doing the small things that end up eventually making something big happen. So, were all proud of O.
With more reps, Okongwu has been able to get a feel for what the Hawks want from him, McMillan thinks.
I think hes going to be a really good player, solid player, in this league, for a long time, McMillan said. He has the skill, he wants to learn, he asks a ton of questions, and thats what you want from a young rookie, is that he watches film, so he wants to learn. He absorbs what you tell him and hes a physical player. He doesnt shy away from contact in the paint.
He went up against an All-Star (April 23) in Bam, and Bam is very physical in that paint. So hes done a good job, and as he continues to get minutes and get out there and play, and play in important situations like what were facing right now, hell get better. Hell get better with time. But the potential that he has is, I think, unlimited.
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The AskGamblers Awards Finalists’ Names Are in and the Voting Can Begin – European Gaming Industry News
Posted: at 3:50 am
Reading Time: 2 minutes
The AskGamblers Awards finalists names are in, which means players can now start voting for their favourite online casinos, new online casinos and new online slots. Now, with the nomination period of two months being behind us, the finalists names are finally available for the world to hear.
The AskGamblers Awards voting phase officially begun on 17 May, 2021) and the players are encouraged to start voting and, in doing so, give their final say and help choose the best online casinos, new online casinos and new online slots on the AskGamblers website.
The voting period will be open until 17 June 2021, which is when the winners will be announced during the virtual AskGamblers Awards ceremony. On the same day, AskGamblers will host a virtual Charity event to raise money for the good cause and give all partners a chance to contribute to this cause.
For the past two months, the AskGamblers players have been nominating candidates in the Best Online Casino, Best New Casino and Best New Slot categories to enter the finals for a chance to win the AskGamblers Awards. Two additional categories in the race are the Best Software Provider and the Best Affiliate Partner.
So, without a further ado, here are the top 10 finalists in the each of the following categories:
Best New Casino: Slot Hunter Casino, Tsars Casino, Spin Samurai Casino, Casino Rocket, StayCasino, Stelario Casino, Wallacebet Casino, Winz.io Casino, Bitkingz Casino and LevelUp Casino.
Best Casino: BitStarz Casino, King Billy Casino, Campeon Casino, N1 Casino, Oshi Casino, SlotWolf Casino, True Flip Casino, Cashimashi Casino, Arcanebet Casino and Universal Slots Casino.
The Best New Slot category: Big Bass Bonanza (Pragmatic Play), Money Train 2 (Relax Gaming), Reactoonz 2 (Playn GO), Elvis Frog In Vegas (BGaming), Esqueleto Explosivo 2 (Thunderkick), Mystery Museum (Push Gaming), Deadwood (NoLimit City), Gonzos Quest Megaways (Red Tiger Gaming), Fruit Shop Megaways (NetEnt) and Hammer of Vulcan (Quickspin).
Best Software Provider: BGaming, NetEnt, NoLimit City, Playn GO, Pragmatic Play, Push Gaming, Quickspin, Red Tiger Gaming, Relax Gaming and Thunderkick.
Best Affiliate Partner: Betsson Group Affiliates, Maneki Partners, PlayAttack Affiliate, Wildz Affiliates, Chilli Partners, MAX.Partners, Casitsu Partners, Spin Away Partners, 7StarsPartners, and Casumo Affiliates.
On this occasion, General Manager AskGamblers Denis Ristic shared: By keeping the players interest in the AskGamblers Awards nominations for a few years in a row, the AskGamblers team has once again proven itself worthy of everyones trust. The ultimate winners title per category is anyones game at this point and I must say that we cant wait for the winners names to be announced during the virtual AskGamblers Awards event on June 17!
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New Uncasville Medical Center serves Mohegan tribal members, employees and the public – theday.com
Posted: at 3:50 am
Mohegan Despite its name, its not quite at Mohegan Sun. But its pretty close.
The Mohegan Tribe and Yale New Haven Health on Monday celebrated the official opening of the 8,500-square-foot Uncasville Medical Center at Mohegan Sun, a neighborhood-style clinic providing primary and some specialty care to Mohegan tribal members and employees and the public.
Located on the Mohegan reservation in the former Arooga's restaurant building, its on Sandy Desert Road, off Route 32. Mohegan Sun can be seen in the distance rising above a nearby stand of trees.
The facility, its debut pushed back a year by the COVID-19 pandemic, observed a soft opening a week ago. More than 20 tribal and Yale New Haven Health officials took part in a ceremonial ribbon-cutting Monday.
The Mohegan Tribe has always prioritized the health and well-being of not just our own tribal members and employees, but also our neighbors and surrounding communities, said James Gessner, the Mohegan tribal chairman. Our ongoing partnership with Yale New Haven Health is a testament to our tribes belief in thinking beyond our own borders and caring about our neighbors.
Jeff Hamilton, president and general manager of Mohegan Sun, said he hopes the tribes collaboration with Yale New Haven Health becomes a model that other large employers in the state will emulate.
The Uncasville Medical Center is another representation of our commitment to care and bringing it closer to home in the communities we serve in southeastern Connecticut, said Patrick Green, president and chief executive officer of Lawrence + Memorial Hospital, a Yale New Haven Health affiliate.
During the COVID-19 pandemic, the Mohegan-Yale New Haven Health partnership organized a drive-thru testing station and a mass vaccination site at the casino. Some 35,700 vaccinations have been administered at the site while more than 19,500 people have been tested at the drive-thru, according to Dr. Prathibha Varkey, president and CEO of Yale New Haven Healths Northeast Medical Group.
Rick Coppola, Yale New Haven Health's director of operations, led a tour of the new clinic, describing it as a one-stop shop for those it serves. Primary care physicianshave offices there, while specialty care providers in such areas as endocrinology, OB-GYN, cardiovascular programs for women and pain managementvisit the site on a weekly basis.
The clinic has nine spacious examination rooms and one procedure room.
Coppola said eight to 10 clinicianswork at the site on any given day. About 15 other staff are employed there, he said.
Though not an emergency room, a walk-in area accessible by a separate entrance accommodates patients who arrive in need of immediate, non-life-threatening issues. The walk-in area is staying open to 6 p.m. daily, and eventually will scale up to weekend hours as well, Coppola said.
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Will a Coalition of Hawks, Mormons, and Libertarian-Leaners Form a New Third Party? – Reason
Posted: at 3:48 am
Evan McMullin, a conservative ex-CIA analyst so disgusted with former President Donald Trump that he launched an independent presidential campaign in 2016, got on 11 state ballots, and finished in fifth place with 0.5 percent of the popular vote, has co-announced on Thursday a "new political movement" of 150 mostly right-of-center political figures, including former Massachusetts Gov. Bill Weld, former Rep. Joe Walsh (RIll.), and former South Carolina Gov. Mark Sanford, three conservatives so disgusted with Trump that they ran against him in the 2020 GOP presidential primary and lost by a combined 93 percentage points.
In a joint letter precipitated by the removal of Rep. Liz Cheney (RWyo.) from Republican leadership in the House of Representatives, and patterned consciously after the Declaration of Independence, McMullin and his anti-Trump co-signatories "declare our intent to catalyze an American renewal, and to either reimagine a party dedicated to our founding ideals or else hasten the creation of such an alternative."
As a political project, the would-be catalyzers face extremely long odds. The playing field of American politics these past six years has been littered with the corpses of failed or stillborn attempts to challenge Trump from the right. The only lasting third-party alternative in that span "dedicated to our founding ideals" is one that has put in a half-century of grunt work to get one percent of the vote.
But as a media and fundraising initiative, the effort may find more fertile terrain. McMullin's co-organizer of American Renewal is Miles Taylor, a government security analyst known mostly for being the anonymous author of the 2018 New York Times op-ed "I Am Part of the Resistance Inside the Trump Administration," which he then spun into the bestselling 2019 book A Warning. In August 2020, a no-longer-anonymous Taylor accused his former boss of "playingon the Russian team and not the American team," and filmed a two-minute advertisement for Republican Voters Against Trump, a project launched by the 501(c)(4) group Republicans for the Rule of Law, which was co-founded by veteran Washington commentator and political schemer Bill Kristol.
"I'm still a Republican, but I'm hanging on by the skin of my teeth because how quickly the party has divorced itself from truth and reason," Taylor told The New York Times this week. "I'm one of those in the group that feels very strongly that if we can't get the G.O.P. back to a rational party that supports free minds, free markets, and free people, I'm out and a lot of people are coming with me."
Those people attracted to such concepts as truth, reason, "free minds," and "free markets" may find themselves nodding along to some of the principles espoused in the letter, especially if they have a strong stomach for portentous language. (The first line of the declaration reads: "These United States, born of noble convictions and aspiring to high purpose, have been an exemplar of self-government to humankind.")
McMullin, Taylor, & Co. favor "open, market-based economiesconsistent with our natural liberty," reject "populism and illiberalism, whether of the right or the left," and stress that "it is the prerogative of all to make personal decisions in accordance with their free will." They want to welcome lawful immigrants, keep regulation limited, and protect property rights. So far, so unobjectionable.
Where the manifesto begins to diverge most sharply from the Libertarian Party platform is the unspecific yet ambitious paragraph titled "Leadership": "Having thrived in the abundance of a choice land, we believe that these United States must work in conjunction with friends and allies to advance worthy interests abroad and to promote freedom by example and with the judicious application of power."
This passage, in a document arranged by two security-state veterans, and unveiled in the service of supporting Liz Cheney, is a good prompt to cross-check some of the names on the bottom of the petition. Sure enough, #NeverTrump 6.0 is endorsed by several people with fingerprints all over an activist foreign policy.
There is Michael Hayden, former director of both the CIA and the National Security Agency, who lied to Congress about torture programs, has likened air strikes to "casual sex," and made jokes about putting Edward Snowden on a kill list. There is former national intelligence director and serial ambassador to geostrategic countries (Honduras in the 1980s, Iraq in the aughts) John Negroponte, former State Department counselor and World War IV booster Eliot A. Cohen, and former Department of Homeland Security chief and indefinite-detention enthusiast Michael Chertoff, among several other lesser-known veterans of the George W. Bush administration.
Many of these same people lent their names to anti-Trump efforts in 2016 on foreign policy grounds, then cheered on the Russia-related investigations that dogged the 45th president, and are now threatening to start their own party if Trumpism isn't sufficiently cleansed from the GOP.
That pro-market anti-Trumpers are talking about a third party while ignoring the Libertarians, even though one of the signatories (Weld) ran as the L.P. vice presidential nominee as recently as 2016, touches on each of the three main obstacles to herding Trump-averse non-Democrats into anything like a single tent.
1) The three biggest anti-Trump blocs are ideologically incompatible. It has been clear since the dawn of the Trump era that opposition to the crudely mannered America First mercantilist would come most intensely from foreign policy hawks (John McCain, John Kasich, Bill Kristol), libertarian-leaners (Justin Amash, Mark Sanford, George Will), and Mormons (Evan McMullin, Mitt Romney, Jeff Flake).
While Latter-day Saints members can swing between hawkery and dovery (just think of the significant ideological split between Utah's Republican delegation to the U.S. Senate), the fault lines are obvious: Libertarians and neocons generally dislike one another, and even the most loosey-goosey of Mormons have a hard time embracing the full legal logic of personal autonomy for consenting adults. Any movement that requires these camps to get along will likely be short-term and transactional, not unlike the 2016 third-party voters who in 2020 held their noses to vote for President Joe Biden.
2) Noisy anti-Trumpism is mostly incompatible with holding elected office as a Republican. The American Renewal letter signatures look like the roster of a political reunion for the Class of '95. In addition to two-time Massachusetts Gov. Weld, there's former New Jersey Gov. Christine Todd Whitman, former California Rep. Tom Campbell, former Minnesota Gov. Arne Carlson, former Oklahoma Rep. Mickey Edwards, former Maryland Rep. Wayne Gilchrest, and dozens of others unburdened by the need to win reelection from the modern Republican electorate.
Of the vanishingly few current office-holders on the list, they tend to share a rare characteristic: recent defection from the GOP. Jim Hendren was the Republican majority leader of the Arkansas Senate until this January, when, disgusted by the Capitol riot, he stepped down from leadership, and then the next month left the party altogether. And California State Assemblyman Chad Mayes, the former Republican minority leader, left the party in late 2019 after drawing fire for his criticisms of Trump.
Prior to his departure, Mayes engaged in the kind of Third Way/No Labels activity common among many signatories of the American Renewal letter. From his Wikipedia page:
In January 2018, Mayes formed "New Way California," aiming to broaden the appeal of the Republican Party by advocating for "individual freedom, shared responsibility, educational excellence, environmental stewardship, efficient government and an open economy." The group has been publicly supported by former governorArnold Schwarzenegger, and both Mayes and Schwarzenegger along withOhio governorJohn Kasich headlined the group's inaugural summit inLos Angeleson March 21.The summit was criticized by some in theCalifornia Republican Party, including former chairman Ron Nehring, who described them as "elites talking down to grassroots voters."
As an independent and non-fan of Trump, I share the Renewalists' embarrassment at mainstream GOP fear of crossing Trump voters. Yet that is the world we live in. If you want to hold office as a Republican, and spend any measurable amount of time criticizing the former president, you better have a safe seat, stature, and bank vaults full of cash. Even then, you're going to get booed.
3) At a time of intense negative polarization, centrist scolds are popular mostly in limited corners of the media, and among opportunistic anti-Trump partisans. See: Jeff Flake, Howard Schultz, John Kasich, etc.
Arguably the most successful anti-Trump centrist initiative, at least as measured by revenue and media reach, has been The Lincoln Project, a political action committee of former GOP political operatives that raised scores of millions of dollars from Democrats to run anti-Trump ads in 2020. The project has been dogged by all kinds of scandal and controversy, particularly after the election was safely delivered to Biden.
Three of the American Renewal signatoriesGeorge Conway, Jennifer Horn, and Mike Madridwere co-founders of The Lincoln Project; former Michigan GOP executive Jeff Timmer, too, has been a key member. Evan McMullin's most likely path to success lies less in the direction of dreary third-party construction, and more in a Lincoln Project-style initiative to raise money and make noise about the Republican Party's regnant Trumpism.
But there's an obstacle on that road, too. America's high alert about Trump has nowhere to go but down. The man is not the president, he is not going to be the president, and most people worried about such have moved on with their lives. Sure, I would love to see a GOP that explicitly rejects its most internally popular figure, just as I would love to see a Democratic Party worried about the national debt. In either case, the short-term chances of that happening are the same: slim, none, and fat.
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Johnson the civil libertarian wants to have his voter ID card and eat it – MSN UK
Posted: at 3:48 am
If I am ever asked, Boris Johnson once wrote of ID cards, on the streets of London, or in any other venue, public or private, to produce my ID card as evidence that I am who I say I am, when I have done nothing wrong and am simply ambling along and breathing Gods fresh air like any other freeborn Englishman, then I will take that card out of my wallet and physically eat it in the presence of whatever emanation of the state has demanded I produce it.
Righto. Well, in a plot twist worthy of Dial-A-Plot-Twist, the emanation of the state turns out to be Boris Johnson himself. Yes, despite the warnings and objections of civil liberties campaigners and race equality campaigners indeed, despite in-person voter fraud being effectively nonexistent in the UK - Johnsons government is pushing ahead with legislation to introduce mandatory voter ID at elections. We know these plans are illiberal because the traditional hero of a Boris Johnson column namely, Boris Johnson has already opposed them.
Of course, in Johnsons published oeuvre, freeborn Englishmen are forever being admired for doing exuberantly freeborn things like beating the hedgerows with staves even as Johnsons government seeks to ban any protest that is too noisy or somehow annoying. In Johnsons canon, the praises are forever being sung of peasants blind drunk on non-EU approved scrumpy and yet, the authors very first act as London mayor was to immediately outlaw drinking on the Tube. I sometimes wonder if Boris Johnson is a committed civil libertarian in the same way Im a peerless opening batsman for England.
The nagging doubt certainly crossed my mind as I sat in front of his latest podium address on Monday night, for which the dear old British public were once again invited to press their noses up against their TV sets and marvel appreciatively as the soy Churchill graciously bestowed upon them his very qualified permission to hug their own family and friends.
Each stage of the Covid pandemic has brought its fresh hells, but one of the most absolutely objectionable parts of unlocking is having to look grateful as the prime minister meagrely parcels out what have been standard freedoms since time immemorial, and hands them back to us like theyre some kind of special present entirely in his gift. As for the ancient rights Johnson did remove, we have been without them far longer than we would have had to be, had the prime minister not been a slave to his own ancient inability to make a tactical decision in good time last autumn.
Anyway, back to the Downing Street gifting suite. Having failed to break it gently to people that they were running out of government-sanctioned excuses not to have to see their relatives, Johnson swept on to the business of policing those who planned to. To wit: Hugging. (In fact, hugging has never been against the law.) You should do it if you think its appropriate, intoned a PM whose intimacy history has always been the benchmark of what is proper, and if you think the risks are very, very low. But you should exercise care and common sense. Increasingly, the only appropriate reply to this is: thanks, but Ill do what I want, Cuck Norris.
As for the continued banning of dancing at weddings, it does seem preposterous that a man with Johnsons self-image should think it remotely appropriate to be standing up on a day where there were four Covid deaths in the UK and acting like the preacher dad in Footloose. I was amused to stumble across a subsequent tweet addressed to Johnson by a member of the public who had just bleeding had it with this nonsense. Maybe you dont want to get married yourself, she said pointedly, but many other people do! And you know, now she puts it like that perhaps it does rather read like the subconscious rearguard action of someone trying to stall their own nuptials. Of COURSE I want to get married, darling but lets wait till we can have 500 people and they can celebrate us rhythmically, as they would only yearn for. (I wonder wholl eventually pay for the wedding? At this stage of murk, lets just count ourselves lucky if Downing Street rules out a petro-state.)
Mindful of Johnsons endless perversions of the term common sense, let us return to this suspiciously unnecessary business of voter ID. Yesterday a Downing Street spokesman was insisting that you already need photo ID to pick up a parcel. When it was pointed out to this committed non-elitist that, as everyone normal knows, you dont actually need photo ID to do this, journalists were then directed towards Post Office guidance that states youd need photo ID if you wished to pick up a parcel for, say, your grandmother. So do make sure to take your card along when you vote for her.
Speaking of the post, there are undoubtedly problems with fraudulent postal voting and yet the Conservatives are, strangely, not doing anything about that one. Perhaps, like complicating in-person voting, postal voting is one of those things generally judged to favour the Tories. (In recent years, incidentally, the main thing that favours the Tories is the Labour party.)
As for the governments decision to flirt with complications that can lead to voter suppression, it calls to mind the joke John Oliver made back in 2013, in response to whatever was that years attempt to roll back US voting rights. Among those pushing hard to overturn electoral liberties was the state of North Carolina, where there had been precisely one documented case of in-person voter fraud during the previous presidential election. The problem isnt people showing up and not being who they say they are, Oliver pointed out. Its person. As in one. Singular. One guy, out of four and a half million people who voted in the last election. You could have got the same result from just passing a bill that said, Dave cant vote, he knows why.
Likewise in todays UK. In 2019 there was ONE conviction for in-person voter fraud in the entire UK, handed to a man who had voted twice in the European parliament elections (arguably even more pointless than it was to vote once). Yet the government is pressing ahead with legislation to spend a conservatively estimated 20m per election on stopping something that isnt even meaningfully occurring. What sort of a return on your investment is that for the party of business? The only reasonable conclusion is that the investment is in fact in a system that will end up favouring the Conservatives. Think of them as the party of funny business, and it all makes common sense.
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Johnson the civil libertarian wants to have his voter ID card and eat it - MSN UK
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Special interests flood the mayor’s race as candidates race to the finish line – Politico
Posted: at 3:48 am
A collage of New York City mayor candidates.
Hedge fund billionaires, charter school boosters and prominent labor unions are pouring cash into the New York City mayors race contributing to a record haul intended to shape the outcome of the election at the same time new reforms seek to limit the influence of money in politics.
A decade after the U.S. Supreme Court flung open the doors to unlimited special-interest money in elections, the Democratic primary is being infiltrated at every turn, with an unprecedented $11 million already committed in TV ads, according to a POLITICO review of spending calculated by AdImpact.
That total has already surpassed the $8 million spent to promote and attack candidates the last time the mayors seat was open in 2013 a figure that accounted for both the primary and the general election that year.
It is kind of an arms race between the citys Campaign Finance Board and the political money trying to find a way around it, said John Kaehny of good-government group Reinvent Albany.
With five weeks until the election, checks are flowing from divergent wings of the ideological spectrum.
One recent contributor who provided $500,000 in seed money for a PAC supporting Andrew Yang has backed conservative politicians like U.S. Sens. Ted Cruz and Josh Hawley. Cruz was among a handful of Republicans who applauded Yangs public statement on fighting in Israel last week.
Pro-Yang donor Jeff Yass, co-founder of investment firm Susquehanna International Group, also bankrolled a PAC pushing a debunked claim that the 2020 election was stolen from former President Donald Trump.
A Pennsylvania resident who has sought to distance himself from Protect Freedom PACs Stop the Steals messaging, Yass told POLITICO he does not believe the election was stolen. He said he was enticed by Yangs support for charter schools and his criticism of teachers unions.
I thought he would be the best guy for school choice, Yass said in a recent interview.
The billionaire is a self-described libertarian who saw somewhat of a kindred spirit in Yang.
Andrew has a lot of libertarian leanings, Yass said. He is not quite a libertarian, to say the least, but he has those leanings.
Yass was the first reported contributor to Comeback PAC an effort by public relations consultant Lis Smith, who set a $6 million goal to counter any negative advertisements against one of the leading candidates in the eight-way race.
Gabe Tobias, who is running a rival PAC intended to blunt Yangs momentum, criticized the contribution.
Far-right mega-donor Jeff Yass found in Andrew Yang the same thing [consultant] Bradley Tusk did: An empty vessel for corporate power, Tobias said. How can New Yorkers trust a candidate with so little substance and so many conflicts of interest?
Tobias, meanwhile, has run into difficulty securing funds for his Our City PAC. As of Monday evening he had raised just $43,500, including $10,000 from writer and activist Susan Ochshorn, who also fundraised for candidate Maya Wileys campaign.
This week Wiley got a promised $1 million boost from George Soros of Open Society Foundations and healthcare workers union 1199SEIU. Both are closely tied to Patrick Gaspard, who is advising Wileys bid; 1199 endorsed her in February.
Tobias said his own fundraising efforts are hampered by his self-imposed ban on donors in the real estate and fossil fuel industries, as well as police unions.
I think the fundraising differential between us and some of the other super PACs is a reflection of the tilted playing field between progressive candidates and those that are aligned with corporate interests, he said.
Not so for Wall Street executive Ray McGuire.
A PAC supporting his first-time candidacy received its second round of donations from John Hess last week, boosting the oil magnates total contribution to $1 million. New York For Ray also received $30,000 from the Rudin family of dynastic real estate fame.
In total, the pro-McGuire effort has locked in $6 million, though it has yet to boost him in the polls: The latest survey released Monday night reported McGuire winning just 4 percent of voters.
Four other charter school supporters, including hedge-funders Kenneth Griffin and Daniel Loeb, have contributed a combined $2 million to a PAC backing Brooklyn Borough President Eric Adams campaign. The organization began airing a TV ad last week highlighting Adams history as a police captain who was abused by cops as a teenager.
Griffin and Loeb also contributed $500,000 each to Smiths PAC an indication they view both Adams and Yang as beneficial to the nontraditional schools that are at odds with the United Federation of Teachers. Charter school growth is capped by state legislation but mayors can advocate against them, as Bill de Blasio did upon taking office.
Not to be outdone, the UFTs parent union has already pumped $1 million into NY4Kids, which is running ads for its preferred candidate, City Comptroller Scott Stringer.
One donor is on track to single-handedly outspend every campaign and PAC by at least a 2-to-1 margin, according to the latest projections from AdImpact.
Michael Donovan has shelled out $6.8 million to New Start NYC, in hopes of propelling his son Shaun, a first-time political candidate, to Gracie Mansion. The PAC has already booked $5.5 million in ads.
To put that in perspective, Michael Donovan has given $1 million more than all of the 14,966 donors to Yangs campaign combined as of the last disclosure in March. And his largesse is 133,233 percent more than what would be allowed if he only donated to his sons campaign under rules designed to curtail monied interests.
In an interview with POLITICO, Donovan indicated hes closing his wallet.
I think the message is out there, and I think this is about what we needed, he said last week, noting he has accomplished his goal of trying to boost his sons name recognition though his namesake is still polling in the single digits.
Donovans generosity briefly stalled his sons campaign, as city regulators halted his matching funds while investigating whether there was any illegal coordination between the PAC and the candidate. The probe, sparked by a complaint from Stringer, concluded there was no wrongdoing.
A PAC funded by the Hotel Trades Council and its parent organization has raised $2.2 million, and plans to spend much of that supporting Adams.
Meanwhile, a committee that appears to cater to the political whims of Knicks owner James Dolan has raised $2.7 million, almost exclusively from his own organization.
The flow of outside money takes place against the backdrop of an election meant to blunt the influence of special interests. The citys campaign finance system, already lauded by government reformers, is imposing a stricter limit on individual donations and expanding the amount of taxpayer-backed matching funds this year. Voters approved the changes, proposed by de Blasio, in a 2018 referendum.
Despite the unlimited contributions, candidates are still relying most on standard donations regulated by the city Campaign Finance Board. So far donors have given $23.3 million in the race and the board has more than doubled that through an 8-to-1 matching funds system.
These PACs are giant slush funds that rich people can create to support the candidate of their choice, Kaehny said. They are a serious threat to the campaign finance system here.
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Matthew McConaughey is ‘making calls’ as he mulls a run for Texas governor – The Independent
Posted: at 3:48 am
Matthew McConaughey has been quietly making calls to political experts as he weighs up whether to run for Governor of Texas, according to a report.
The Oscar-winning actor, 51, revealed in an interview last month that he wasconsidering a run for Governor of Texas in 2022 but did not reveal for which party .
Reactions ranged from joyful enthusiasm of fans and those impressed by his recent Texas winterstorm reliefdrive and gun-control campaigns, to stark warnings tostay out of Texas politics and eye-rolls in established Republican and Democratic political circles in the Lone Star State.
Now, insiders have toldPoliticothat the Hollywood star has quietly started making calls to political experts to take the temperature before he decides whether to throw his hat in the ring and run against current Republican Governor Greg Abbott, 63, who has indicated that he will seek a third term.
The Independent has contacted Mr McConaugheys representative for comment.
Republican strategist, Karl Rove, said of Mr McConaugheys potential run: I find it improbable, but its not out of the question.
He added: The question is: Would he run as a Republican? A Democrat? Independent? And where is he on the political scale? He says he has a funny phrase about being a hardcore centrist, but what party would he run under?
Matthew Dowd, founder of Country Over Party and former chief strategist on the 2004 Bush-Cheney campaign, told Politico: I think theres an impression of, Do we really need another celebrity candidate in the midst of this?
But Brendan Steinhauser, an Austin-based GOP strategist, said: Im a little more surprised that people arent taking him more seriously, honestly. Celebrity in this country counts for a lot its not like some C-list actor no one likes. He has an appeal.
When Mr McConaughey first mooted a run earlier this year, many dismissed him as yet another inexperienced, Hollywood star interfering in politics and warned him not to look to the increasingly long list of celebrities-turned-politicians - former presidents Donald Trump andRonald Reagan; and former California governorArnold Schwarzenegger, as his role-models.
CNNpolitical analyst Jim Moore warned theTrue Detectivestar: You are not prepared. Be kind to your state and yourself. Stick with what you know.
But following a March Gallup poll that revealed a record-high 62 per cent of Americans feel that a third party option is needed, some have started eyeing the A-lister from Austin, who has refused to align as a Republican or Democrat, as a potential candidate.
On 10 March, The Libertarian Party of Texas, the state arm of the USs third most popular party, tweeted: Hey, @McConaughey, can we talk?
Matthew McConaughey speaks during "One World: Together At Home" presented by Global Citizen on April, 18, 2020
(Getty Images for Global Citizen)
Third, or minor, parties have historically performed poorly in American politics. This is largely attributed to first-past-the-post (FPTP), which favours a two-party system, creating less room for smaller parties who cannot gain any representation without an outright win.
Since 1990, just six (2 per cent) of governors out of 369 have been elected from minor parties. The most recent was Alaskas Bill Walker, a Republican turned Independent, who merged his campaign with Democratic nominee Byron Mallott in 2014. He dropped out of the 2018 race after low polling.
Only 53 Independent candidates for governor (14 per cent) have won at least 5 per cent of the vote.
An Independent, third-party candidate has never won a presidential election, not counting fresident George Washington who ran as an Independent but supported by the Federalist party.
Only once did a major party come third in a general election. In 1912, former president Theodore Roosevelt, represented by the Progressive Party, surpassed the Republicans to come second but was beaten by the Democrat Woodrow Wilson.
Not exactly a rounding endorsement for Mr McConaughey to run as a third-party nominee.
But Bekah Congdon, vice-chair of the Texas arm of the Libertarian Party, who tweeted at Mr McConaughey and is hoping to set up a meeting, said that following what some see as disappointing leadership by Republican Abbott, there may be an opportunity.
She told The Independent: Texas has for so long felt like a completely red state and we know its not. It has been about 26 years since a Democrat won a statewide electron here [Ann Richards 1991-1995] so its clear we have been stuck in one way of thinking for such a long time and that is holding us back as a state.
Founded in 1971 following the Watergate scandal and Vietnam War, the Libertarians focus on the rights of individuals over government intervention. They bill themselves as culturally liberal and fiscally conservative, supporting same-sex marriage but also gun-rights (which Ms Congdon admits might not align with the actors previous campaigns on gun-control).
In 2016 the party appeared to be on the rise. It counted two ex-governors as its presidential candidates and received 4.5million (3.3 per cent) votes in its most successful national election result ever.
But in 2020, following a polarising four years, its popularity faded. Libertarian vice presidential candidate, Spike Cohen, who promised free ponies and zombie power, and presidential nominee Jo Jorgensen won just 1.86million votes (1.18 per cent).
Ms Congdon said that Mr McConaughey appealed because of his independent spirit.
He isnt Republican or Democrat and does a lot of pointing out negatives and positives on both sides. Wanting to stop nasty political rhetoric and bridge that divide, she said.
It has been building over the years as he has become more vocal here. He is someone who is relatable, someone who people like and respect, and has an enviable platform.
Speaking toThe Longview News Journal in March, Mr McConaughey said he was serious about the right leadership role but was put off by bipartisan politics.
He said: For me, I need politics to define its purpose before I would choose it as a possible lane for me to pursue. I dont know that politics is my category where I would be the most useful I am looking for where I would be the most useful and it may be that I could be more useful as a free agent.
He then gave a trademark, rambling monologue in which he appeared to endorse a third option, outside of mainstream politics.
Ive said this analogy a few times before, but someone told me: There aint nothing in the middle but dead armadillos and yellow lines. I said, Well, Im walking right down the yellow lines, right in the middle of the highway right now. And the armadillos are free having a great time, because right now, both sides are so far to the right or the left, there arent even tires on the pavement.
Ms Congdon concluded: Its hard to tell if hes serious, but were here for it if he is.
Born in Uvalde, Texas in 1969, the actor hit the big time in 1993s coming-of-age film, Dazed and Confused, before starring in a slew of critically-panned romantic comedies in the 2000s that painted him as a talentless hunk known for giving winding, nonsensical interviews and his catchphrase: Alright, alright, alright.
In the 2010s the actor, who was once arrested for playing the bongos naked, launched a comeback which he called a McConaissance, appearing in multiple hits including The Wolf of Wall Street in 2013 and winning an Academy Award for his role in Dallas Buyers Club in 2014.
Over the last few years the actor, along with other Texas-born stars like Beyonc and Sandra Bullock, has become increasingly active in civic life in his home state. In the wake of disasters, he has made large financial donations and been boots-on-the-ground with his foundation, Just Keep Livin, that opened in 2008.
Matthew McConaughey makes plea for Hollywood to embrace Donald Trump
In 2017 he ruffled feathers when he called for the entertainment industry to get behind Donald Trump and be constructive during his presidency.
A year later he spoke at gun-control rally, March for Our Lives, where heurged law-abiding, gun owners to take one for the teamand give up some of their gun rights.
At the start of the Covid pandemic, the city of Austin broadcast the Matt Signal, using the well-liked actor in a series of PSA ads to persuade residents to stay at home and practise social distancing.
In fall 2020, signs of a potential political future for Mr McConaughey began to emerge. The star, who was appointed Minister for Culture and visiting film professor by his alma mater, the University of Texas, in 2019, started to tell multiple media outlets that he was looking for a leadership role where he can effect change.
When a freak snowstorm hit Texas in February and crippled the states power grid, leaving thousands of residents without heat and electricity, Mr McConaughey was one of several Texas-born celebrities to fundraise.
Soon afterwards, the magazine,Texas Monthly, published a piece titled Matthew McConaughey and Beyonc Did More for Texas Than Ted Cruz lambasting the disgraced Texas senator who was caught breaking lockdown rules to escape the storm with a trip to a Cancun, Mexico.
In April, after months of denying it, the actor casually told Houston-based podcast, The Balanced Voice, that running against Gov. Abbott in 2022, is a true consideration.
On social media his mooted run has received mixed reviews. Some are calling for Beto or bust, referring to Beto ORourke, the Democratic politician who lost the Texas Senate race to Mr Cruz in 2018 and the presidential nomination in 2020.
But even if Mr McConaughey declined the invitation from the Libertarians (whose own candidate selection system would be his first hurdle) many believe there could still be space for a third party, or a high-profile, Independent candidate.
The most recent high-profile success story is Vermonts Bernie Sanders, the longest-serving Independent senator, who has switched back and forth between Independent and Democrat several times.
While his 2016 and 2020 Democrat presidential runs were unsuccessful, some analysts credit Senator Sanders grassroots campaigns with pushing the party further left.
In March a New York Times op-ed conceded that the time may be right for a third-party of the liberal centre to rise, showing respect for the outcome of elections, the rule of law [and] freedom of speech but scepticism of identity politics ... dictators and demagogues.
Conservative columnist Bret Stephens wrote: This is not a political party, yet. But it could be the seeds of a party.
Alright, alright, alright.
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Matthew McConaughey is 'making calls' as he mulls a run for Texas governor - The Independent
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How the API economy is powering digital transformation – VentureBeat
Posted: at 3:47 am
Join Transform 2021 this July 12-16. Register for the AI event of the year.
Application programming interfaces (APIs) make the modern digital world go round. They are what bring maps to your fitness-tracking app, login authentication to your banking app, and customer service communications to your favorite ecommerce app. APIs are the glue that holds most software together in 2021.
The benefits of APIs in modern software development are manifold, but at a top level they help power the shift from monolithic on-premises software to the cloud and microservices-based applications. Smaller, function-based components are easier to maintain, with individual developers or teams assuming responsibility for a specific part.
This also gives businesses greater agility in terms of maintaining, upgrading, and scaling their software, and it lets them tap domain-specific expertise why would Uber develop its own resource-intensive infrastructure for real-time in-app messaging when it can use purpose-built APIs instead?
APIs enable companies to more easily build products and services that would otherwise take too long to build, Kong cofounder and CTO Marco Palladino told VentureBeat. Developers can use these APIs to more easily access business-critical information and focus on other priorities instead.
Founded in 2017, freshly minted unicorn Kong develops software and services that connect APIs and microservices between and within clouds, datacenters, and Kubernetes. Customers include Cisco, T-Mobile, Expedia, Samsung, and GSK.
Teams can access a range of open source and paid APIs that accelerate their application development and remove most manual processes, Palladino added. The exchange of these APIs and the systems to manage them is, in a nutshell, the API economy.
Above: Kong cofounder and CTO Marco Palladino (left) with CEO Augusto Marietti
Image Credit: Kong
Some major API deals have happened in the past few years, including Oktas recent $6.5 billion Auth0 acquisition, which consolidated an identity verification market that hinges on APIs.
The billion-dollar API management market has also been thriving, with Salesforce shelling out $6.5 billion for Mulesoft in 2018 and Google acquiring Apigee for $625 million before that. Kong, meanwhile, recently raised $100 million at a $1.4 billion valuation. None of these megadeals would be possible (or necessary) if it werent for the fact that developers need the right tooling in order to create, deploy, control, monitor, analyze, and secure dozens or hundreds of APIs a single application may need to plug into.
All of this has given rise to what is termed the API economy. In the broadest sense of the phrase, the API economy can be defined by how organizations use APIs to improve efficiency and profitability by optimizing resources and opening new revenue opportunities through the wider digital ecosystem.
Palladino drew parallels between modern applications and a Lego building.
Each individual brick is a microservice, which combines with a multitude of other bricks (microservices) to create a building (application), he said. These bricks are combined using the four studs on each brick, which are the equivalent of an API. Without the studs, teams would have to constantly build and rebuild their connections between services. Its incredibly inefficient, and the process could inadvertently expose sensitive company data. The API economy involves the creation of these Lego bricks, either open source or for proprietary use, and the way that teams use these bricks which represent application features and important protections to innovate on their services.
Nylasbuilds APIs that enable developers to embed email, calendar, and contact functionality into their apps. Cofounder and CEO Gleb Polyakov considers APIs to be the backbone of todays digital economy and the tech underlying companies digital transformation efforts. This is particularly pronounced as the pandemic has pushed many companies across the digital divide.
APIs allow businesses to more efficiently unify and structure data from across multiple communication platforms and leverage that data to build more productive workflows, bring products and features to market faster, and create modern user experiences that drive adoption and retention, Polyakov told VentureBeat. APIs allow businesses to achieve all of this without having to commit large amounts of time and resources, allowing product and engineering teams to focus on other critical issues and business goals.
However, Polyakov notes that many of the best APIs are those that handle and transfer lots of rich data, meaning proper security protocols and compliance certifications are vital.
Without proper assessments or an understanding of good design for security, businesses can accidentally expose sensitive information or unintentionally open themselves up to malicious inputs, compliance violations, and more, Polyakov said.
Jyoti Bansal is the serial entrepreneur behind a number of notable enterprise companies, including AppDynamics, which he sold to Cisco for $3.7 billion in 2017. He later launched a startup studio called Big Labs, which has already turned out a billion-dollar DevOps startup called Harness.
Above: Jyoti Bansal: serial entrepreneur behind AppDynamics, Harness, and now Traceable
According to Bansal, APIs have transitioned from being a technical requirement to a linchpin business priority.
The API economy has empowered companies to be more successful whether its through leveraging third-party APIs to improve business processes, attracting and retaining customers, or producing an API as a product, Bansal told VentureBeat.
While APIs have played a sizable part in each of Bansals businesses to date, his most recent venture Traceable shines a light on one of the greatest threats to the burgeoning API economy.
Founded in 2019,Traceable isan AI-powered platform that protects cloud app APIs from cyberattacks. Indeed, a quick peek across the recent cyberattack landscape reveals that APIs are becoming increasingly prominent targets for hackers.
News emerged last month that credit check bureau Experian, which already had a less-than-exemplary record in protecting customer data, was potentially exposing the credit scores of millions of Americans via a porous API. And a few weeks back, fitness hardware and software giant Peloton hit the headlines after a security researcher found an easy conduit to private user data via an API.
This is nothing new, of course, but these incidents point to one of the unavoidable challenges that come with the proliferation of APIs.
Before this explosion of APIs, traditional security practices focused on a network with a perimeter, Bansal explained. That has completely changed now, this traditional perimeter does not exist, especially for organizations using cloud-native infrastructure. Moving data and operations to the cloud obliterates the traditional border, introducing new attack vectors, new opportunities for leaks, new challenges, and a new approach to security.
One of the underlying issues is that its incredibly difficult to keep tabs on all the APIs a company is using internally, or which ones are being actively maintained and monitored for vulnerabilities. This is why a growing array of VC-backed startups including Traceable as well as established players like Apigee and Mulesoft, have emerged to bring API visibility to companies software and networks.
While the API economy is huge, the need to safeguard APIs is leading to a sub-category that could be termed the API security economy.
Security teams need to have a holistic overview of their API ecosystem, which includes each APIs individualized DNA, such as which internal APIs are speaking to external APIs, what kind of data is flowing between them, and who is accessing them, Bansal explained.
APIs are just like any other piece of software they need to be developed, nurtured, and retired when the time is right.
APIs should be treated the same [as other software], but often that doesnt happen, Palladino added. We need a process in place for designing new APIs, for releasing them, for versioning them and decommissioning them. Its really important for companies to create a holistic and standard process for managing APIs through their full lifecycle.
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After Sudden Supply and Demand Shocks, What Does A Recovery Look Like? – Institutional Investor
Posted: at 3:47 am
By Evan Peterson, CME Group
AT A GLANCE
Econ Essentials, a program created in partnership with Futures Fundamentals and Discovery Education, is designed to help high school students learn about core economic principles. Aiming to connect these concepts to current events, a new resource for teachers and students addresses the challenges of sudden supply and demand shocks and what weve learned from the past year.
When airlines were forced to restrict international flights in 2020 as a result of the COVID-19 pandemic, it began a shakeup of the industry. Major carriers could no longer offer as many flights and demand for the flights they did offer dried up. In the third quarter of 2020, the average U.S. domestic airfare declined to $245, the lowest level seen since at least 1995 in inflation-adjusted terms. Despite the lower prices, demand remained severely depressed, resulting in nearly empty planes. As the U.S. and other economies slowly emerge out of pandemic-related restrictions, we can still see the lingering effects of the swift change in supply and demand for many goods and services.
Anew learning tool created by Discovery Education in partnership with Futures Fundamentalsuses examples from the current environment to provide students a useful example of what happens when supply and demand changes suddenly and drastically. This resource is available for high school-level classrooms, and it comes at a moment of economic change we are not likely to see again for some time.
Airlines illustrate the sudden supply-demand shocks of the COVID-19 era as much as any industry, but they were by no means the only ones affected.Meat,lumber,industrial metalsandinternational shippingare all industries greatly affected by COVID that weve covered on OpenMarkets. At the onset of the pandemic,CME Group Chief Economist Blu Putnam took questionsfrom students about his thoughts on how COVID-19 was upending industries and our daily routines. We checked in with him again to discuss the supply and demand dynamics of the past year, and what we can learn from the situation. Following is our conversation.
Blu Putnam:The pandemic accelerated a trend toward more flexible work arrangements for office staff. This has allowed people think about living outside city centers, moving to the suburbs or even more rural areas. This people movement has led to a boom in housing prices outside city centers.
Businesses also learned during the pandemic that virtual meetings could replace many in-person meetings. So, post pandemic, many companies are moving to a hybrid model of virtual meetings with fewer in-person meetings, and that means business travel will not return to pre-pandemic levels.
The education sector was heavily impacted by the pandemic shutdowns, with large job losses. In a post-pandemic world, many educational institutions will not return to the old model. Even as students return to classrooms, some learning will remain virtual, and not all the former workers will be rehired.
Blu Putnam:Pent-up demand is most commonly used to refer to the services that people consumed before the pandemic and then were denied during the shutdowns. As the economy reopens, there is pent-up demand for going out to eat, to travel, to go to concerts or sports events, etc. During the pandemic shutdown, consumers shifted spending away from certain services and increased on others such as household goods, home improvements, etc. Spending on formerly denied services is expected to boom in the rebound from the pandemic.
Gasoline prices at the pump are another interesting example. When the shutdown hit in March-April 2020, airlines stopped flying, and people did not drive as much. Gas prices dropped. Now that travel is coming back, both on the road and in the air, gasoline prices have moved considerably higher.
Blu Putnam:The pandemic shutdown was abrupt. There was a certain amount of hoarding and panic buying of essential commodities. That phase ended after several months as supply adjusted.The rebound from the pandemic is not abrupt like the start was. The rebound progresses only at the pace of the economy reopening, related to vaccine distribution and declines in Covid-19 cases. That is, the transition to a post-pandemic world is a much smoother process than the abrupt nature of the pandemics arrival.
Blu Putnam:The best examples of how to analyze abrupt events are actually found in physics in the study of phase transitions. Think about water when it is heated and goes from a liquid to a gas. All the turbulence is at the boundary or the surface of the water as it comes to a boil. The most severe economic turbulence was in the first few months of the virus arrival.
The fast-spreading virus created a type of cascading system failure resulting in part of the economy being shut down immediately a traumatic shock. Recovery from a traumatic shock is a slow process, and one is changed by the experience. That is,the economy does not revert back to its pre-pandemic state, but finds a new dynamic based on the lessons learned.
Blu Putnam:When the shutdown hit, technology allowed for a rapid shift to a higher percentage of online shopping relative to visiting brick and mortar stores. The online shopping pattern was already gaining traction before the pandemic, and COVID-19 accelerated the trend.
Education was an industry that struggled to adapt to the pandemic shutdown. Online learning or distance learning had been slowly gaining some traction, but, all of a sudden, teachers in traditional classrooms had to learn new skills to teach online. Students had to adjust to the spending time in front of a computer instead of being in the classroom. While most office professionals adapted well to virtual meetings and working from home, educational institutions largely struggled to switch to a high-tech delivery system.
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After Sudden Supply and Demand Shocks, What Does A Recovery Look Like? - Institutional Investor
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