Odds and Ends — 2 August 2024
Cryptocurrency, Investing, Money, Economy, Business, and Debt:
Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year
Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk" indicator.
Job Growth Much Less Than Expected Last Month
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher.
How to become a global citizen, with or without crypto — Nomad Capitalist
Coronavirus News, Analysis, and Opinion:
People who had severe covid-19 show cognitive decline years later
Politics:
Trump’s Racist Attack on Harris Was No Accident
How much clearer does it have to get? America, you are being trolled.
The point here is simple: Trump’s efforts, over the past twenty-four hours, to shift the political debate to his own untrue and offensive assertions about the Vice-President’s race may well be a political disaster, but they are not an accident, a flub, or an undisciplined lapse. This, in 2024, is as absurd as subscribing to the credulous spin that Trump’s near-death encounter with a would-be assassin’s bullet had remade him into a unity candidate for the ages. Even Trump couldn’t help mocking this ridiculous line from his advisers…
Trump is Trump is Trump. The Harris attacks represent a textbook example of his approach to politics, combining his belief in the strategic power of race-baiting to mobilize his base and his favorite tactic for disrupting a bad news cycle: changing the subject to something even more outrageous. Every minute spent debating Harris’s race—or his own folly in raising it—is a minute not spent on Trump’s own failings: on his advanced age and manifest unfitness for the Presidency; on his legal liabilities and criminal conviction; on his kooky Vice-Presidential nominee and his party’s extreme right-wing agenda.
https://twitter.com/mmpadellan/status/1819051494072590740
https://twitter.com/WalshFreedom/status/1819158469435326537
U.S. Recognizes Maduro’s Rival as Winner in Venezuela
The United States on Thursday night recognized Venezuela’s opposition presidential candidate, Edmundo González, as the winner of the country’s disputed presidential election.
The announcement, by Secretary of State Antony Blinken, comes despite a claim by the country’s authoritarian president, Nicolás Maduro, and by the government-controlled electoral body, that Mr. Maduro won the vote.
https://twitter.com/lawindsor/status/1819064904818524287
https://twitter.com/mattmfm/status/1819044093458063612
Surely, Donald Trump has had worse days than yesterday. But off-hand, I can’t think of many performances ghastlier than Wednesday’s episode of Fat Elvis Does Birtherism.
For the moment, let’s leave aside the horse-race analysis, and the rank punditry about Trump’s three-dimensional chess strategy. What we saw yesterday was a pathetic old racist trying to replay his greatest hits.
Trump launched his presidential bid by pushing the Obama Birtherism hoax; and he thinks that playing the race cards will work again. Even his post-debacle campaign statement made it clear that he wants to relitigate some of most incendiary comments from 2015. But back then, his comments were shocking; now they just feel…. weird. Even his most reliable turd-polishers recognized that he had crapped the bed.
https://twitter.com/AoDespair/status/1818868732631933108
Election Deniers Are Ramping Up Efforts to Disenfranchise Voters
After working for months to challenge thousands of voter registrations, election denial groups are now pushing ahead with plans to challenge voters and votes ahead of the election.
https://twitter.com/AfterDinnerCon/status/1816166863078043931
It Sure Seems as if Vladimir Putin Is Recalculating the U.S. Elections
https://twitter.com/CBoTheEggman/status/1818475833570324811
Trump Is Scared of Kamala Harris
While the whole New Trump thing is way overstated, it’s been a very long time since he has imploded in public like he did yesterday. Trump lost his shit for one reason — he’s scared of Kamala Harris.
We have seen this countless times over the years. The more afraid and anxious Trump gets, the more he spirals out of control. Two weeks ago, he believed he was cruising to a landslide victory over Joe Biden. The Republican Convention was a preemptive coronation with a figurative ‘Mission Accomplished’ banner hanging about the Fiserv Forum in Milwaukee.
But then Biden dropped out.
https://twitter.com/PeteButtigieg/status/1818990555436597591
https://twitter.com/davetroy/status/1818977877758795948
Senate Blocks Bipartisan Tax Deal
https://twitter.com/ChristopherJM/status/1818914491830047163
The Presidential Election Is a Toss Up
At FiveThirtyEight, we actually had a formal definition of a ‘toss-up’, which is an election where each candidate had at least a 40 percent chance of winning. We’re now quite comfortably into that territory. As of this afternoon’s model run, Harris’s odds had improved to 44.6 percent, as compared to 54.9 percent for Trump and a 0.5 percent chance of an Electoral College deadlock.
It’s not exactly 50/50, but close enough that a poker player would call it a ‘flip’: Democrats have ace-king suited, and Republicans have pocket jacks.
In heads-up holdem, the actual win percentages would be slightly less than 46% for AKs and slightly less than 54% for JJ. With a small chance for a tie.
https://twitter.com/joshtpm/status/1818721994017587698
Trump stalled Black journalists interview over fact-checking
https://twitter.com/Tazerface16/status/1819040960820727909
Harris campaign announces $310M fundraising haul in July
https://twitter.com/Theresaroets911/status/1819010741934133321
Serendipity:
https://twitter.com/historyinmemes/status/1818864231691039061
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I don't like globalism. One should always be first and foremost a citizen of one's country, defend its interests and be proud of one's roots and traditions of one's nation. But at the same time, of course, respect and honour the traditions and roots of other nations.
wow you sure do put a lot of time and effort into dirt on Trump 😄
It’s a tough job, but somebody has to do it. 😅