“Something’s going on with our workforce that we’ve never seen before. And it’s gone so far above trend — it’s a health concern.”
The 2022 absence rate “makes absolutely no sense,” exclaimed former Blackrock portfolio manager Edward Dowd. “Something’s going on with our workforce that we’ve never seen before. And it’s gone so far above trend — it’s a health concern.”
“Absences are defined as instances when persons who usually work 35 or more hours a week worked less than 35 hours during the reference week for one of the following reasons: Own illness, injury, or medical problems; child-care problems; other family or personal obligations; civic or military duty; and maternity or paternity leave. Excluded are situations in which work was missed due to vacation or personal days, holiday, labor disputes, and other reasons. For multiple jobholders, absence data refer only to work missed at their main jobs. The absence rate is the ratio of workers with absences to total full-time wage and salary employment,” explained Mr. Dowd on his website.
He noted, “In relative terms, the deviation from trend in 2022, for the total (men+women) full-time workers was about 70%.”
“And that number [absence rates] went up three standard deviations off of trend (2003 to 2019)” in 2020, Mr. Dowd explained. In geek-speak, the chance of something three standard deviations above the mean is 0.3 percent.
A new report estimates that 26.6 million people were injured, 1.36 million disabled, and 300,000 excess deaths can be attributed to COVID-19 vaccine damages in 2022 alone, which cost the economy nearly $150 billion.
Research firm Phinance Technologies, founded and operated by former Blackrock portfolio manager Ed Dowd, Yuri Nunes (PhD Physics, MSc Mathematics) and Carlos Alegria (PhD Physics, Finance), split the impact of the vaccines into four broad categories to estimate the human costs associated with the Covid-19 vaccine; no effect or asymptomatic, those who sustained injuries (mild-to-moderate outcome), those who became disabled (severe outcome), and death (extreme outcome). Data on vaccine disabilities and injuries comes directly from the Bureau of Labor Statistics (BLS), while the excess death figures are derived from official figures on deaths in the US via two different methods (methodology here).
It’s important to note that people in one category (injured, for example) can move into latter categories of severity – which this analysis does not take into consideration.
“We need to remember that not only are these groupings an attempt to characterize different levels of damage from the inoculations, they are not static and could interact with each other,” reads the report. “For instance, there might be individuals who had no visible effects after vaccination but nonetheless could still be impacted.”
“Individuals with mild injuries from the inoculations could, over time, develop severe injuries to the extent of being disabled, or an extreme outcome such as death.”
Our economic damage estimates are what we can measure. The knock effects such as lost productivity due to a worker being present but working at say 50%-75% of capacity is missed plus burn out from those picking up slack. Also supply chain delays are not captured etc and etc.…
Predictable surface generalities only. Mercouris joins Sachs in wondering why neocons simply cannot understand that a mutually cooperating multipolar world is what’s really best for them. I do not know enough about Sachs but suspect he is spending time cleaning up his reputation as he sees it appearing in history books sometime in the future. My sense is Mercouris knows there is more going on with neocons than insularity and failure to adapt. I encourage him to at least hint at the violent ideology that actually enlivens them. ABN
…the Fed did exactly what it was chartered to do here…. protect the US banking system. And it did that while paying lip service to coordinating central bank policy to keep US dollar funding markets liquid, which is also part of its job, as long as it is in service of its primary job, protecting US banks.
And, as I’ve argued over and over, while there are still massive holes in the global financial system because there aren’t enough dollars to go around, the Fed is now in control of who gets those dollars. Watching who does and who doesn’t get preferential treatment is now the key to understanding what happens next.
The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the real estate that they had pledged as collateral was fraudulently overvalued, “mark-to-fantasy” junk mortgages made by false valuations of in the property’s actual market price and the borrower’s income. Banks sold these loans to institutional buyers such as pension funds, German savings banks and other gullible buyers who had drunk the neoliberal Kool Aid believing with Alan Greenspan that banks would not cheat them.
Silicon Valley Bank (SVB) investments had no such default risk. The Treasury always can pay, simply by printing money, and the prime long-term mortgages whose packages SVP bought also were solvent. The problem is the financial system itself, or rather, the corner into which the post-Obama Fed has painted the banking system. It cannot escape from ts 13 years of Quantitative Easing without reversing the asset-price inflation and causing bonds, stocks and real estate to lower their market value.
In a nutshell, solving the illiquidity crisis of 2009 in a way that saved the banks from losing money (at the cost of burdening the economy with enormous debts), paved away for the deeply systemic illiquidity crisis that is just now becoming clear, although I cannot resist that I pointed out its basic dynamics already in 2007 and in my 2015 book Killing the Host.
South Dakota Governor Krisi Noem appeared on Tucker Carlson’s television broadcast last night to send a warning to fellow governors. According to the background story, the South Dakota legislature passed a bill redefining currency and creating rules for a Central Bank Digital Currency (CBDC) that would block all other digital currencies from being used in the state. Governor Noem vetoed the bill.
When asked why her legislature would do this, Noem responded the state politicians likely did not read the bill as it was constructed by lobbyists. Noem is exactly correct and hits on a subject we have discussed here frequently {GO DEEP}. However, one of the more alarming aspects to Noem’s discussion of the issue is that around 20 other states are considering similar legislation. WATCH:
Western governments, including the U.S. through Joe Biden, have limited and curtailed the production and exploitation of Oil, Coal and Natural Gas. At the core of the inflation within those same governments, this is the issue at hand. Energy prices have skyrocketed, driving the cost of everything through the roof. The central banks are raising interest rates in an attempt to shrink the economy to match the drop in energy production. This is their monetary policy (interest rates) attempting to support economic policy (Green New Deal / Build Back Better).
American Buddhist Net 
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