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Thursday, September 15, 2022

ON THE MATTER OF POVERTY

              From Worldometer (new  COVID-19 deaths yesterday):

          DAY  USA  WORLD    Brazil    India    South Africa

June     9     1093     4732         1185        246       82
July    22      1205     7128         1293      1120     572
Aug    12      1504     6556        1242        835     130
Sept     9      1208      6222       1136       1168       82
Oct     21      1225      6849         571        703       85
Nov    25       2304    12025        620        518      118
Dec    30       3880    14748       1224       299      465
Jan     14       4142    15512       1151        189     712
Feb      3       4005    14265       1209       107      398
Mar      2       1989     9490        1726       110      194
April     6        906    11787         4211       631       37
May     4        853     13667        3025      3786     59 
June    1        287    10637         2346      3205      95
 July    7         251      8440        1595        817      411
Aug     4         656    10120        1118        532      423 
Sept   22      2228      9326          839       279     124
Oct      6       2102      8255          543       315       59
Nov    3        1436      7830         186        458       23
Dec     1       1633      8475          266        477       28
Jan     7        2025      6729         148         285     140
Feb     2        2990   12012          946        991      175
Mar     2        1778     7756          335         173       28 
Apr     1          439      4056         290          52       12
May    5          225      2404         151            ?        64
June    2          216      1413         130          10       31
July    6          316      1627         335           35       12 
Aug    4           311       2138         258          70         ?
         11          290       1994         173          49         ?
         18          264       1950         202            ?         ?
         25          245       1909         197          68         ? 
Sep    1          272        1732        174            ?         ?
          8          287        1676          99          13         ? 
        14          314        1536        122          34         ?

Summary:
  • The USA had by far the most COVID new deaths yesterday, 314.  With 4% the world population we had more than 20% of the world deaths.
  • Japan and South Korea are finally recovering, but still had the most new cases.
    • #1  S. Korea  93,904
    • #2  Japan  78,701
    • #3  USA  55,398
    • #4  Russia  51,735
    • #5  Taiwan  49,643
  • Interesting that Hong Kong had around 1000 new cases/million yesterday, while China had 0.2 new cases/million.
    • Taiwan 2076
    • USA  165

From the New York Times:


When President Bill Clinton signed a bipartisan bill tightening the rules around welfare eligibility in 1996 — and making many benefits conditional on work — critics on the political left (Democrats) predicted terrible effects.

So what happened?

A comprehensive new analysis shows that child poverty has fallen 59 percent since 1993, with need receding on nearly every front. Child poverty has fallen in every state, and it has fallen by about the same degree among children who are white, Black, Hispanic and Asian, living with one parent or two, and in native or immigrant households.


But how did this happen?

  • Poor single mothers somehow found and held better paying jobs.
  • There was an expansion of government aid for low-income workers, food stamps, higher minimum wages, etc.
So why is reducing poverty good?  No one should live at the level.  More so, children who are in poverty in time earn less money and are not as healthy.


Why hasn't this form of progress made headline news?  Media specialists focus more on negative reporting than positive.  Good news generally come off as Polyannaish.  As rewarding as progress has been, remember that there remain 20 million Americans still in the poor category.

At the international level?

“We’re in a worse place than I expected”: David Wallace-Wells interviewed Bill Gates about the progress on poverty, hunger and climate.

World poverty ranking, by the CIA.

  • #1      Syria  82.5%
  • #2      South Sudan  76.4%
  • #3      Madagascar  70.7%
  • #23    Honduras  48.3%
  • #32    Mexico  41/9%
  • #35    Micronesia  41.2%
  • #46    Bolivia  37.2%
  • #50    Argentina  35.5%
  • #60    U.S. Virgin Islands  28.9%
  • #73    Bangladesh  24.3%
  • #74    Pakistan  24.3%
  • #75    Bulgari  23.8%
  • #83    Guam  23.0%
  • #88    Israel  22.0%
  • #89    India  21.9%
  • #96    Spain  20.7%
  • #100  Italy  20.1%
  • #102  Hong Kong  19.9%
  • #106  Botswana  19.3%
  • #107  Iran  18.7%
  • #108  UK  18.6%
  • #117  Sweden  17.1%
  • #110  Philippines  16.7%
  • #111  Cambodia  16.5%
  • #112  Greenland  16.2%
  • #113  Japan  16.1%
  • #114  Switzerland  16.0%
  • #115  Jordan  15.7%
  • #116  Poland  15.4%
  • #117  Tunisia  15.2%
  • #118  USA  15.1%
  • #119  Germany  14.8%
  • #120  Belgium  14.8%
  • #121  Turkey  14.4%
  • #122  South Korea  14.4%
  • #129  Russia  12.6%
  • #138  Thailand  9.9%
  • #139  European Union  9.8%
  • #140  Indonesia  9.4%
  • #141  Canada  9.4%
  • #144  Chile  8.6%
  • #145  Bhutan  8.2%
  • #148  Vietnam  6.7%
  • #149  Malaysia  5.6%
  • #154  Kazakhstan  4.3%
  • #155  Brazil  4.2%
  • #156  Taiwan  1.5%
  • #157  Ukraine  1.1%
  • #158  China  0.6%
  • #159  Turkmenistan  0.2%
That above list is fascinating.
  • Israel and India have around the same level of poverty, 22% and 21.9%.
  • Hong Kong is #102 with 19.9%, while China is #158 at 0.6% (note the difference above also in COVID cases and deaths)
  • Japan and Switzerland at #113 and #114 have around the same poverty rate, but Jordan has a lower rate at #115.
  • Tunisia is about tied with the USA at numbers #117 and #118, 15.2% and 15.1%, while Germany is #119 with 14.8%
  • Russia is #129 at 12.6%, heck of a lot lower than the USA, but not as good as Thailand at 9.9%.  I've been to Thailand many times, and I would swear their poverty rate had to be at least twice that of the USA.
  • The war has of course made a difference, but in 2019 Ukraine was #157 at 1.1%, a poverty rate 15 times lower than the USA.
  • Kazakhstan is #154 at 4.3% and #159 is Turkmenistan at 0.2%.  I thought those former Soviet countries were poor.
On the sports front, there is an NFL game tonight:  Chargers vs Chiefs at 8:30 PM EDT.  You need to subscribe to the Prime channel to watch.

If you were wondering where the PGA went the past couple of weeks, they're back today for the Fortinet Championship in Napa, California.  Next week is the President's Cup, Quail Hollow Club in Charlotte, North Carolina.


Beluga and football:

Typhoon Muifa did make landfall over Shanghai yesterday as a Category 2.  Some flooding, but nothing particularly serious.  Is now a tropical storm.

After meandering around for a while, Nanmadol suddenly became a hurricane yesterday, is now up to 100 MPH and predicted to reach Category 4 strength of 140 MPH as early as tomorrow.  All signs point to a track that will make landfall over southern Kyushu on late Sunday or Monday, and move right across Japan as a hurricane.  This one could become a real problem.

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1 comment:

Anonymous said...

Finished CH3(Silver Bullet H2) and CH4 (Blue Revolution). I wasn't disappointed.

Ch3 Takeaways:

War = Resource Control

Unlimited resources = ?

Unlimited resources owned by the world = ?

Free Hydrogen Age was a new concept to me, and a fascinating one. I have been giving much thought on the "Oil" economy, and how nearly everything around us can be equated to a "oil" or "carbon" value (i.e. the shirt you are wearing is likely 10-40 KG of carbon dioxide through manufacturing, transport). That is traveled rabbit hole, but one of the outcomes is a world where oil (energy) is so cheap it is essentially free (enter the middle east). Economic output based on free energy (I say cautiously optimistically and aware of the vast oversimplification) is greater.

It also rhymes in tune with Andrew Yang's universal income argument (I'd recommend listening to JRE interview of him). Either way I think more and more U.S citizens are waking up to hand-waving of federal funding and lack of tangible impact.

My question from the chapter:

What are your thoughts on Tesla and the battery advancements? I suspect this is covered in your blog but have yet to come across.

CH4 Takeways:

A hard chapter to have written, I imagine. There is so much opportunity and asymmetry to capture, and you have discussed the problems at the highest levels. The web of politics, funding and academia is, again, dizzying. It is inspiring to see how much groundwork and thought has been given to the Blue Revolution. It is also gut wrenching to learn how many years have passed.

I'm sure you've seen the growing capital pivoting towards "ocean-tech" and "blue-tech" as well as those combining climate-tech and ocean-tech.

My questions for this chapter, and the Blue Revolution abound. If I had to choose one for now, for maybe you to at least ponder as you travel the seas, it would be: what is the current state of the (blue) union?

I hope to learn more getting through blog posts, and researching some of the thinkers/players you've mentioned so far, as well as SSFH(BK2).

Fair winds and following seas.