Daily Bread for 6.22.20

Good morning.

Monday in Whitewater will see scattered thunderstorms with a high of seventy-nine. Sunrise is 5:17 AM and sunset 8:37 PM, for 15h 20m 11s of daytime.  The moon is waxing crescent with 1.6% of its visible disk illuminated.

Today is the one thousand three hundred twenty-second day.

Whitewater’s Urban Forestry Commission meets at 4:30 PM, and the Whitewater Unified School District’s board meets in closed session at 6:15 PM, with an open session beginning at 7 PM

On this day in 1943, future United States senator from Wisconsin Joseph McCarthy breaks his leg during a drunken Marine Corps ceremony.

Recommended for reading in full —

Dylan Matthews writes A new paper finds stimulus checks, small business aid, and “reopening” can’t rescue the economy:

The coronavirus pandemic ripped through the American economy at an incredibly rapid pace — so rapidly that it’s been difficult for economists and others to understand what exactly is going on.

Our best data sources about the economy are wildly out of date: Unemployment data comes out just once a month, and GDP data only four times a year. However, a new data source put together by a research group at Harvard, drawing on a variety of corporations’ private data, now allows economists to track what has happened to the economy in real time.

The data they collated shows that the economic crash has been driven disproportionately by the actions of high-income Americans, whose consumer spending has crashed more than that of poorer Americans, devastating low-income workers and small businesses in rich areas.

The data also suggests that economic relief measures have done little for small businesses: Stimulus spending tended to go to Amazon or Walmart, not small local stores, and small businesses eligible for Paycheck Protection Program (PPP) loans are generally not any better off than ones that were not eligible.

And researchers who developed the data found official orders “reopening” states do not increase economic activity, and so appear to endanger public health without any economic benefit.

The picture that emerges in a new working paper based on the economists’ findings is of an economy frozen in place. Simply declaring the economy “reopened” does not seem to do anything to spur high-income people to spend more, and it’s not clear that anything can until the real threat passes.

Paige St. John and Annette Choi report Mysterious deaths of infants, children raise questions about how early coronavirus hit California:

A cluster of mysterious deaths, some involving infants and children, is under scrutiny amid questions of whether the novel coronavirus lurked in California months before it was first detected. But eight weeks after Gov. Gavin Newsom declared a statewide hunt for undetected early COVID-19 deaths, the effort remains hobbled by bureaucracy and testing limits.

Among those awaiting answers is Maribeth Cortez, whose adult son, Jeremiah DeLap, died Jan. 7 in Orange County while visiting his parents. He had been healthy, suffering on a Friday from what he thought was food poisoning, and found dead in bed the following Tuesday, drowned by fluid in his lungs.

 Can Hollywood Go Virtual After Coronavirus?:

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