Fossil fuels are arguably overvalued even now, at rock bottom prices, because of the carbon bubble—the idea that fossil fuel reserves can’t be burned and stay within the limits dictated by climate science. But government buying these companies shouldn’t be seen as an investment. “Really we’re trying to buy out and dismantle an industry in the name of public good,” Paul says. Fossil fuel companies are incredibly cheap now. “The second thing is we have to really weigh this with the cost of inaction,” he says. “That’s basically incalculable at this point. What I mean by that is the cost of inaction is so high that really the government needs to do everything in its power to eliminate emissions.” … [Read more...] about Big Oil is cheap: Should the government take it over?
Perry big little lies
A 2015 study in the British Medical Journal found that when worn on their own, cloth masks were only a slight improvement for healthcare workers than no mask at all. Cloth masks allowed 97% of airborne particles to penetrate into the wearer’s mouth and nose. By comparison, surgical masks allow 44% of particles to penetrate, while N95 masks allow just 5%. In the study, healthcare workers who used cloth masks had a significantly higher risk of infection than their counterparts who used masks with better filtration. … [Read more...] about Not all masks are created equal: Cloth offers little protection against coronavirus
Paltrow knows that she has this effect on people. And she believes it has been good for her personal business, Goop, a website and newsletter that offers style, food, and wellness recommendations from Paltrow and her circle of elite chefs, spiritual thinkers, and alternative health professionals. This enterprise, which also sells fashion and home products, now has nearly 1 million newsletter subscribers, according to the company; analytics firm Alexa.com estimates Goop receives more than 3.75 million page views per month. Even people who’ve never heard of Goop (a play on Paltrow’s initials) may have heard of “conscious uncoupling” and “vaginal steaming“–just two of the phenomena that went viral after they were written about on Paltrow’s website, inviting both curiosity and mockery. They may have also heard that Paltrow’s product recommendations sometimes venture into rather exclusive price ranges: $300 pajamas, a $4,700 … [Read more...] about Gwyneth Paltrow Goes To Market
While some federal student loan borrowers get a short reprieve from making payments, that didn’t include 1.2 million borrowers with other types of federal loans, notes Persis Yu, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project. Though tens of millions of low-income Americans lack broadband internet, which is critical during a health crisis (as noted by Fast Company‘s Mark Sullivan), the bill doesn’t include additional funding for the emergency Lifeline broadband program. And the bill doesn’t include any emergency rental or mortgage assistance beyond homeless assistance and doesn’t include “limitations on foreclosure or eviction where homeowner’s or landlord’s mortgage is not federally assisted,” notes the Center for Economic an Policy Research. … [Read more...] about Here are the most infuriating details and corporate giveaways in the COVID-19 stimulus bill
The CRR kept on progressively increasing and remained in double digits, before the central bank slashed it by 100 basis points — from 13 percent to 12 percent — on July 6, 1996, barely 20 days before the full budget was presented after the Lok Sabha elections threw up a hung Parliament. … [Read more...] about Policy | Zero is not too far from 4.4; Repo at record low, inching towards CRR