Import prices are going which way, do you think?
“Come on you dog-faced pony soldier…” Get this one right and the Slow Joe economics plan might actually make sense. No? Not enough drugs in the world to straighten that mess out? OK, the answer is:
“Prices for U.S. imports increased 0.3 percent in July, after advancing 1.1 percent the previous month, the U.S. Bureau of Labor Statistics reported today. The July increase was driven by higher fuel prices. U.S. export prices rose 1.3 percent in July following a 1.2-percent advance in June. “
What matters in Houston:
Fuel Imports: Prices for import fuel rose 2.9 percent in July following increases of 5.5 percent in June and 5.2 percent in May. Higher prices for both petroleum and natural gas contributed to all 3 monthly advances.
Prices for import fuel advanced 66.5 percent for the year ended in July. Petroleum prices rose 2.1 percent in July and 65.5 percent over the past 12 months. The price index for natural gas increased 17.1 percent in July
and 120.9 percent from July 2020 to July 2021; the 12-month advance in July was the largest over-the-year increase since October 2005.
In terms of the hype:
The price index for U.S. exports increased 1.3 percent in July following advances of 1.2 percent in June and 2.3 percent in May. U.S. export prices have not decreased on a monthly basis since declining 3.5 percent in April 2020.
Two things drive here: 1) We’re making up money like crazy and 2) we don’t export nearly as much as we import so this is a talking point for the shills, mostly.
The market continues wandering through the TSR (*typical summer rally) so despite the worsening “viral load” and the “in debt up to our National ass” problem, Greater Fools remain in abundant supply. God’s still intent on making the rich richer.
BTC bounced after the Thursday trip, and Dow futures after the data joyously chorused the shrill of the shills: +60 on the futures.
Story making the rounds warns Children born during pandemic have lower IQs, US study finds | The Guardian. The idea is that there’s a lack of stimulation as parents balance working from home, and such. But (sorry!) this demanded a deeper look at the data. So…,
The paper underlying this is “Impact of the COVID-19 Pandemic on Early Child Cognitive Development: Initial Findings in a Longitudinal Observational Study of Child Health.”
Here’s what seems to be a key part of the paper:
” Optimal brain development depends on secure and trusting relationships with knowledgeable caregivers who are responsive to the infant’s needs and interests. Neurodevelopmental processes, including myelination and synaptogenesis, for example, are stimulated by external cues and experiences like maternal interaction, and physical skin-to-skin “kangaroo” care, touch, and warmth [19-22].”
So, when the parents are home with the newborns, seems they get less attention, stimulation, and such. Missing the “pack up, get in car, go to daycare, interact with others…” Instead (my reading between the lines) hints “putting the kid on ignore and closing the door to their room so as not to disrupt a Zoom might be in play.
Still, the first-blush reactionary might jump in the direction of “here come defective kids” when it’s defective parents, more likely. Hmm.. LifeHacker in with New Data Shows Not Getting Vaccinated in Pregnancy Is the Riskier Choice.
Last point: Here’s another reason for dumber kids: Does Homework Really Make Sense For Kids During A Pandemic? | HuffPost Life.
So much for out of Afghanistan? U.S. Sends 3K Troops to Kabul to Evacuate Some Embassy Staff.
“Shoot if it makes you feel good” Department: Fauci: Everyone will need COVID vaccine booster shots ‘sooner or later’. Janis along with Big Brother and the
vaxxing Holding Company…
More on the Vax Monetization? “Wakeup Call”: Pfizer Vax Only 42% Effective Against Infection In July. Slowly, we move into the “rent your Life” world. OK, not so slowly, then.
Let us know when the FDA goes back to work. CDC panel prepares to vote on Covid vaccine booster shots for vulnerable Americans which is a foregone (big money! big money!) deal. Where’s the Fooled and Drugged Administration when we actually need them?
Politics turns dirty (but don’t it always?): Newsom recall: Democrats ramp up attacks on Larry Elder.
Arson perp? Might be as Ex-professor accused of arson ‘spree’ near California’s Dixie Fire. Criminal-Justice lecturer? Seriously?
Racism in “Journalism?”
Your call, of course. But those who deny the media’s racial bias may have no idea what “equality” is all about. Around here is means treating everyone the same. Exactly so. Apparently, though, it means something else to the flailing mainstream media.
Take the New York Times story here, for example: Clear cut case of anti-White discrimination, as we figure it. See if you can spot the issue:
“The data also showed that just under a majority of people under the age of 18 checked boxes other than white — multirace, Hispanic, Asian, or Black — a milestone that is the result of a substantially more diverse younger American population. A decade ago, 65 percent of children were white. “
They sort of glossed over the White population dropping (in long-term demography) at something like a free-falling safe rate. At the rate of border crossings, Mexico should be a couple of U.S. States by late next month. Someone has noticed the human tide coming in: 500 years after Spanish conquest, (Mexico) still under ‘colonial domination’? (nbcnews.com). Offer ’em statehood.
In our view, the failure to treat all racial identities equally (all upper case or all lower case in the Times example) merely reinforces the racial divide in America. (Don’t look now, but our guess is that’s the whole agenda.)
But hey, don’t mind me. I was raised all people are just people. I’m still running a one-man campaign for TOTAL EQUALITY and measurement like results from hard work. Silly, right?
“Race buckets” are a journalism problem. There is no country of Hispan and lately we’ve been wondering if all Brown POC mind being lumped in the all-Asian bucket. Lumping Indians in with South Koreans is like serious culturecide. Kimchee and curry?
We suspect this imprecise cleaving of “the people” hints at why the NY Times readership has been on the skids. Note their “… printed weekday circulation dropped by 50 percent to 540,000 copies from 2005 to 2017…” More recent figures from Statistica underscore the issue. Still falling in 2020.
Had I not already aged into the seventies, the topic would make another dandy master’s capstone: to “Determine the Half-Life of a Liberal Detached Newspaper.”
Or, maybe the Times is trying to convert readers to its pages from the Amsterdam News, which, if you don’t know, is one of the oldest Black newspapers in America, dating from 1909.
Reader note: I’d put a link to the AmsterdamNews.com site here, but since their site doesn’t have an https redirect or seem to support SSL, a link from UrbanSurvival to their http would break our SSL protocol. That, in turn, would generate a security warning on our page (for linking to insecure content). If I get a minute today, I will send them a suggestion for the redirect…in the interest of equality.
Unmentionable in most media, there’s been a tech coup in America and many of the rules are happening on the fly. Like vaccinations and redirects to SSL.
Hash and Splash
As long as we’ve got the media analytics hat on, we ought to say something about the report this week on Politico that blasts marijuana as a climate change driver.
ISYN. Check out An inconvenient truth (about weed) – POLITICO.
Problem is? In order to get the highest yield per plant, exotics like grow lights come into play. And while they work dandy, it all fits mentally around here in the same
pot bucket as Bitcoin mining. Not the best possible use of resource. sunlight is free. So are random numbers.
Around the Ranch
Out here, the main morning feature is weed-eating. In town, that’d be brownies with some ganj. Here, it means destroying Nature’s handiwork when it doesn’t look right.
After that will come the quarterly update of bug traps and exterior pest spray.
And after that? Vacuuming the office. Since Elaine has a new Roomba for the house, I figured one for the office would be useful, too. Thing is? It means the tank traps and other obstacles have to go bye-bye.
Right about here, I remember some of these chores verge on being work.
Which is why, despite 5-years of threats that 800 word columns were in the wings – just any minute now – they never seem to have happened.
Like the time-management guru’s who urge us to separate the “urgent” from the “important” the fact is the work and sweat pile is “over there.” The fun and enjoyable pile is right here.
Write when you get rich,