Author Archives: deanwebb

Municipal Bonds – Underlying Weakness

I want to call attention to the shakiness in municipal bond markets. Cities are having trouble meeting budgets due to unanticipated revenue losses while having to expand essential services – overtime pay for police, fire, and medical workers. Higher costs and less revenue mean wider budget gaps. Even with laying off other workers – which itself puts a burden on state unemployment systems, more on those later – city governments have to borrow money to stay operational.

Enter the current financial crash. Cities have to spike up their yields in order to meet investor demands for return on risk. Interest rates are moving into “expected default” territory for municipalities, where investors hope to recoup their invested capital and a small return through high interest rates before the borrower defaults.

Mutual funds have already dropped over $10 billion in muni bond investments, and that continues to increase.

The Fed can intervene to buy short-term muni bonds, but cannot buy long-term bonds. It would need legislation passed in Congress and signed by the President to get that ability.

But the Fed may have to also move soon to aid the states. Recall my reference to unemployment. States are looking to lay off employees in order to have enough money to pay unemployment claims… and there is also the issue with unemployment insurance funds’ solvency. 22 states are below Department of Labor recommended funding levels – and big states like New York, California, Texas, Illinois, Ohio, Massachusetts, and Pennsylvania are all below that recommended minimum. TX, NY, and CA are the three lowest in their ratios.

With 3.3 million unemployed last week and another big number expected this week, even properly solvent funds will be strained. The Fed will have to step in to provide liquidity for states to meet those unemployment insurance demands, as those are not discretionary spending items.

As I mentioned before, getting out of a financial crisis requires increasing national debt by a very large amount. The $2 trillion package is only the start – expect about $15-21 trillion more. And then the question to follow on to that is this – will the Fed get enough solvency itself to cover the state budgets? If not, I’d expect high inflation as a means of balancing the books. Would that be fair? Of course not. Would it be necessary to prevent a national bankruptcy? That’s very much a possibility.

Save Lives, Not Costs: A Christian Philosophy

I am heartened by leaders who talk about saving lives, regardless of cost.

I am dismayed by leaders who talk about saving costs, regardless of lives.

Christ taught that one cannot serve both God and mammon. Serving God means loving my neighbor as myself, healing the sick, and caring for the poor and needy. Serving mammon means putting matters of money and finance ahead of other concerns.

This is why I am dismayed by the leadership from President Trump and leading Republicans. Yes, they want to save lives. But they want to save hedge funds, stock dividends, and corporate earnings first. I will pass over their too-comfortable association with white supremacists and major polluters. I will pass over profiteering from tragedy. I will pass over separating children from parents in cruel applications of the law. When leaders speak of sacrificing the people to prop up the economy – and it is the poor people, the needy people who are sacrificed, not the rich, make no mistake there – they show that though they may draw near to God with their lips, they are far from Him in heart. They do not serve God. Their master is mammon, and their judgment awaits. They will have the world with all its power and fortune, but they lose their eternal lives in the transaction.

Know that there are a few Democrats who shame themselves with service to mammon and a few Republicans doing God’s work in saving lives without concern for the costs. But when considered as a whole, it is the Republican Party whose leadership on local, state, and national levels that has been brutal in its willingness to sacrifice the poor to save the rich. Shame on them for such practices and shame on any American who supports them.

So ends my Jeremiad. And, like Jeremiah, I expect that the targets of my criticism will denounce me and say that it is sinful to criticize the leaders of this proud nation, that they are doing nothing wrong, or not much wrong. Jeremiah had the destruction of Jerusalem as his justification and I fully expect the United States to have one of the highest per capita mortality rates from this pandemic as my justification. These are not happy things – would that men would change so that these things need not be the future.

I wish all good health and that your sorrows be swallowed up in joy. May we all ask of our leaders to remember that lives are more important than monies.

Life As I Know It

Life as I know it involves a number of complex bodily systems working together to provide a homeostasis. It involves joy and anguish, good times and bad. It involves the greedy affecting me and my family and friends with the consequences of their greed, and it involves the blessings of encounters with the kind, considerate, and compassionate.

Life as I know it continues as before. The furniture or schedule may be rearranged, but my complex bodily systems continue to provide homeostasis, allowing me to continue to experience the full range of life experiences. If I go to a war zone, I will keep my head down so that the snipers don’t shoot me. If I live where there is a pandemic, I keep my distance, so that the virus doesn’t infect me.

Let us be realistic: a cure will be found, a vaccine will be developed. A distribution method will be employed, people will get the vaccine – and people will refuse to be vaccinated, such is our world. That is at some point in the future. Until then, if we keep our physical distance, we do not become a link of disease transmission between the infected and the currently uninfected. We do not become the infected ourselves. The overall fatality rate is around 2-3%, but we know it is much higher for people whose complex biological systems have been weakened by cancers, diabetes, rheumatism, or other diseases and disorders… or the wear of age.

We also know that, in addition to the fatal cases, there are disease victims who face long-term symptoms as a result of their encounter with the disease. Most frequent is a permanent respiratory system problem. The disease passes, but the symptom does not for another 5-10% of victims.

We have questions about whether or not a person who survives an infection will be immune to a second infection or, if there is immunity, how long it lasts. We have questions if there is already a cure at hand – the answer there is simple, no. There is no vaccine.

Is there a drug already among us that will successfully control the symptoms? That is a dangerous question, as it presumes we would also know the correct dosage and timetable for the administration of that drug. Getting the correct compound to the correct patient at the correct time is the science of pharmacology. Do not second-guess it, especially if you haven’t been trained in that field. Until there is a properly-researched treatment, keep your head down where there are snipers and your distance where there are viruses.

If you are still reading this, your complex biological systems are providing you with homeostasis, and you experience both the storm and the calm: life as you know it continues as it always has thus far.

Getting Good Information About the Recent Pandemic

Is it safe to use ibuprofen to treat a fever? Is it safe to use marijuana during this outbreak? These are just some of the questions going around and we should all know how to find answers for them. There’s conflicting information from various sources, so we all have to learn how to hit multiple sources to see what’s going on. Right now, studies are going to be limited due to the recent nature of the outbreak. That being said, health professionals globally are going to share ideas with each other and some of that chatter may spill over into the media reports – and not all reporters know how to report science.

What we *do* know is that anything that stresses the lungs will leave a person more susceptible to damage from the SARS-CoV-2 virus, which causes COVID-19. Right there are two good keywords to use in searches. Everyone’s calling it “coronavirus” in the popular media, while scientific communities are using SARS-CoV-2 to identify the virus and COVID-19 to identify the disease. Using those keywords gives a better shot at getting quality results.

Next, when we see the site providing the information, examine the website itself to evaluate its accuracy of information. Local news stations, those are good for reporting things like what’s open and what’s closed and how many people locally are in the hospital, but not much more. National news outlets will have a higher degree of accuracy, but can still get a few things wrong. Websites with a strong political bias may be victim to Russian trolling – yes, the Russians are taking rumors and amplifying them on various websites that are much more political than they are scientific – so disregard those entirely as providers of scientific information. Entirely. Their information may actually prove harmful, which is why I say to disregard them entirely.

Websites affiliated with medical institutions, particularly medical research, will have the best quality information. Learn how to read their information carefully and patiently, as the more technical sites will use specialized terms and expressions to convey meanings. The specialized definitions themselves are not hard to learn – but they must be learned, so part of your reading of specialized articles will involve looking up words you don’t quite understand. Once you get the meanings, though, you’re able to better understand the next article.

As regards ibuprofen, the WHO has walked back an earlier statement cautioning against using that drug as a fever suppressant. That’s another thing to mind – conditions can change, so we need to be ready to change with them.

For marijuana use, the cautions are as regards to impact on the respiratory system and any activity that involves communal sharing of drugs or their delivery apparatus.

What about other questions? I just apply the above methodology to get the answers. In particular, I use those keywords SARS-CoV-19 and COVID-19 to deliver better results in my searches.

Los Héroes Mayores

In Mexico, there is a monument
Tall and proud
Six columns for six heroes
Who died rather than surrender
Los Niños Héroes

Niños because they were children
Still new to life
But they knew their moment of valiance
When it arrived.

In my neighborhood, in my city
I know people who are young no more
They are my elders,
Kind and gentle in their age
Beset with unseen enemies round about

Here is diabetes advancing
There is the stab of a stroke
Beyond is the cancer
Too close is the loss of balance
And the fall that comes after it

Legion is this army that advances
Veteran soldiers of disease and desuetude
Their allies may be contagious
But these soldiers can strike on their own
Such is their skill over the millennia

How do we choose to face them?
We cast about for our friends, our support
But they fall, too, to the relentless advance
Ultimately, we face them alone
We face the unseen enemies alone

We know not one of us gets out alive
We know not one of us escapes unscathed
There will be scars before we die
There will be nights of agony before we die
There will be all but death, ere we die

But life is no eruption of accidents
We chose to be here
We chose to make choices
We chose to face agonies and despairs
That we would know peace and joys

As long as we are rational,
As long as we can yet choose,
We choose how we face that unseen army alone
We choose how we come to terms with the victory of death
We choose how we endure the sting of the grave

I heard once the tale
Of a man, advanced in age,
Who knew he would die of stomach cancer
His son asked him what was the purpose of it
The elder replied, “The Lord needs valiant men.”

And so he took the final charge in his hospital bed
Without flinching, he did his last duty
He accepted his lot and dug into his soul
Finding the eternal courage to become one of
Los Héroes Mayores

Mayores because they are elders
Experienced in life
But they knew their moment of valiance
When it arrived.

Why We Need Health Care Reform in the USA

Here is a case of why the USA needs serious health care reform. This case is around a person who suspected that he might have coronavirus. He went to the emergency room, got tested, and was released after determining he only had the flu. He then got a bill for $3270 – the cost of the tests. His insurance company would cover all but $1400 if he could provide records from the last 3 years that prove he did not have the flu as a pre-existing condition. His insurance company informs him that if, or more realistically, *when* he does not provide the requested proof, he will be on the hook for the full $3500.

To me, this just adds to the culture of “better to pay the undertaker than the doctor” that is in existence in many American families, and I’ve been there myself. When we face a possible pandemic and people hesitate to get treatment because of prohibitive costs, our nation is at risk for higher death rates from the pandemic due to delays in containing and treating the disease.

https://www.independent.co.uk/news/world/americas/coronavirus-test-medical-bill-china-us-miami-osmel-martinez-azcue-a9358146.html

May the Root Access Be with You

“Help me, Opee Tey-lor, you’re my last chance!” That was the message conveyed by the little robot, GI-GO, that started this whole adventure from the desert planet of Tatunisia to the bowels of the massive planet-blaster, the Non-Moon.

GI-GO and the rest of the rag-tag team of misfits had just escaped detection when the Non-Moon captured their spacecraft and inspected it. GI-GO had cleverly altered the logs of the spacecraft to make it look like everyone had already left the ship and it was just drifting around. GI-GO, being a robot and all, was rather a dab hand at rapidly modifying log files.

As the rag-tag team hid inside a communications room, the young romantic interest Dirk Dirtstomper argued with space rogue Gawain Agogo about the best way to rescue the imprisoned princess kept somewhere on the Non-Moon. Said imprisoned princess, Ura Highnessness, had sent the message that got GI-GO, Dirk, Gawain, and the very Opee Tey-lor on this crazy crusade to free her from the clutches of the evil galactic overlords. How do we know the galactic overlords are evil? Well, they built the Non-Moon, for starters, then did a proof-of-concept test on an unsuspecting planet. That’s evil.

Anyway, as Dirk and Gawain argued, GI-GO took matters into his own interfaces. He decided to start hacking.

Opee Tey-lor watched as GI-GO extended a universal spinning connector (USC) and plugged it into a corresponding USC slot in a wall panel in the Non-Moon comm room. Opee set aside his concerns about an AI system that was capable of engaging in activity that could cause loss of life and instead chose to focus on how GI-GO expended very little effort in gaining root access to the Non-Moon’s systems.

“Hey guys, how about you be quiet and watch this robot go!” Opee’s command got Dirk and Gawain to shut up and listen to the little robot. GI-GO had a perfectly good voice system that only sounded slightly machine-y, like when it had to handle unusual proper names or foreign words. Earlier models communicated only with a series of beeps, and customer feedback overwhelmingly hated that system, so the next rev had speech function and sales went well after that.

Anyway, GI-GO was happy to say, “Well, I’ve got root. I’m happy to say the staff here were as lax about security as you were, Gawain. I just plugged in, started a network capture, and got the passwords I needed. What do you want to do?”

Dirk jumped the gun, speaking before anyone else thought. “Rescue the princess! We gotta rescue the princess!”

Gawain held up his hand to hush Dirk, then said, “Turn off all the security systems. THEN we rescue the princess!”

Opee shook his head and waved his hands, the universal signal given by smart people who want the hotheads to shut up and think carefully. “No no no no no no no. We got root access. We OWN this thing. Why would we just rescue the princess and abscond out of here? Chances are, the servants of the evil galactic overlords have put a GPS on our ship, so they’ll follow us back to the armed opposition’s base and attempt to annihilate it. That’s not a good move. No, I say we take a few minutes and maybe blue-sky some ideas we’d like to do with all this power we’ve tapped into.”

Opee addressed GI-GO. “GI-GO, how much time do you calculate we have before we’re noticed here?”

GI-GO ran the numbers. “Dude. We got ages. They have no clue. I’ve already got the logs generated here suppressed and the historical information purged. I’ve re-done the work schedules so that nobody reports to this room ever again. With the bureaucracy they have in place, they’ll never even glance twice at the locked door to this room.”

Dirk looked uneasy. “I need to go to the bathroom.”

Opee pointed impatiently at the door to the toilet adjoining the comms room. “Seriously, Dirk, take some time to look around. You’d lose your head if it wasn’t bolted on to your neck.” Opee then pointed at the food fabricator slot. “And that’s where you can get some chow, so no whining about eating. Aside from it being kinda cramped for sleeping arrangements, we can last here a good long while, like GI-GO says. And my guess is that if we’re smart, we won’t have to last here all that long.”

GI-GO said, “Bingo, Opee! You got that right. Since this is the most important part of the star fleets of the evil galactic overlords, we have full access to their ERP system.”

Opee looked delighted. “Oh man, we can totally jack with everything in their fleet!”

If GI-GO could smile, it would be beaming. “I know, dude! We can put an end to the overlordship part, for sure. I say we start with creating a new approved vendor process and require all existing approved vendors to comply before they can fill orders.”

“Good one, GI-GO! Let’s also schedule a mandatory upgrade for all our XP systems to the latest version!”

“Aw Opee, that’s mean, you know every single laser cannon targeting system only runs on XP!”

GI-GO and Opee Tey-lor laughed like kids at a pie fight while Dirk and Gawain looked on cluelessly.

Dirk asked, “How is any of that going to save the princess?”

Opee looked at the ceiling and groaned. “Don’t you get the bigger picture? We can rescue the princess anytime, whatever. But as soon as we start that process, we’re going to be found out and our agenda becomes much more limited, resulting in the scenario I described previously. What GI-GO and I are doing now isn’t just saving one person, it’s rescuing the entire galaxy from overlordship, evil or otherwise, by shutting down as much stuff as we can.”

Dirk protested, “But the princess! She needs us!”

Opee dismissed Dirk with a wave. “The needs of the many outweigh the needs of the one.”

Gawain put a hand on Dirk’s shoulder. “Hey, buddy, I got an idea.” Gawain said to GI-GO, “Hey, GI-GO, how about you release the princess Ura Highnessness on probation? It’ll be easier to rescue her if she’s just wandering around than if she’s in a prison deck.”

“No prob!” GI-GO paused a second. “Done. She’s getting processed for release. I’ll have her put up in a luxury suite, that’ll be fun.”

Gawain and Opee started to chuckle. Opee was glad that Gawain was starting to get it.

Dirk was still mad. “Hey, I’m sensing a disturbance in the energy field that flows through us all, what did you call it?”

Opee rolled his wizened eyes. “The FEF. Flowing Energy Field. FEF.”

“Yeah, well, I sense a disturbance in the FEF. Something is coming towards us.”

Opee paused and looked up and to the left. “Yeah, I feel it, too. The FEF don’t lie. Hmmm.”

Dirk asked, “Is it Shmarth Shmader?”

“Yep. It’s him, all right. He’s here.”

“Should we duel him in the ancient style, with weapons of starlight?”

Opee made a “Pffff!” sound and said, “No. We got modern tech. What do we want with ancient weapons?”

GI-GO said, “Check to see if Shmader is still moving towards us?”

Dirk closed his eyes to get in touch with the FEF. “No, he’s stopped moving.”

“That’s because I just stopped the elevator he’s in. Mission accomplished.”

Dirk seemed upset at the prospect of not having an ancient duel. “But his minions are sure to release him!”

“Not if the alerts generated by the elevator are suppressed. And all the blast doors leading to that shaft are closed. And all the elevator tech contractors have their contracts canceled, effective immediately.”

Opee said, “Behold the power of root, Dirk. You would do well to study up on your systems analysis.”

“But I wanna be a space pilot!”

Gawain said, “Not a lotta money in space piloting, kid. Tell me more about systems analysis, Opee.”

“Sure, after we get out of here. You’ll be able to get some sweet gigs in IT, let me tell you.”

GI-GO interrupted their chat with a rather gleeful “Oh man! Oh man! Oh man! Oh man!”

Opee asked, “What’s up?”

GI-GO laughed. “Guess.”

“Dude, could be anything. Just tell me.”

“I just totally blew up the spaceship hosting the evil galactic overlord conference. I got the Galactic Tyrant and all his chief minions, Shmarth Shmader excepted. Dude!”

Even Dirk joined in the laughter at that news. And to think that at first he was only thinking about rescuing the princess!

After that, it was kind of anticlimactic. Sure, they all had some laughs when GI-GO downgraded every ranking officer, a few hearty chuckles when all the guidance systems on the fleet’s space fighters were reset to factory defaults, and some well-earned guffaws when all fleet elements with functioning hyperdrives were ordered to converge on the system where the Galactic Tyrant had just been obliterated, but after a few hours, all the crazy stuff had been done and the group all felt a little spent.

“Well, I guess we should be going,” said Opee.

Gawain and GI-GO agreed and started to look up where the princess’ luxury suite was located when Dirk said, “Hold on! I got an idea!”

Opee realized that the FEF was with Dirk when he heard Dirk giggle like a teenager in a marijuana dispensary. “What’s the idea, Dirk?”

“Order everybody abandon ship. Why should we have to leave? Make them go, let’s keep this sweet ride!”

Opee was thrilled. “Awww yeah! Do it do it do it do it do it NOW!”

GI-GO laughed out, “Done! Just us and Shmader gonna be on this boat!”

And, ever more, the legends were told of how important it was to secure access to critical systems. 🙂

Green Beneath the Snow

The Chinese are right
About white
Being the color of death
It is pale, it is calm, it is pure stillness
White is the color of death

We do not speak enough about death
Less so than even sex, or madness, I warrant
And so we fear all the things we speak nothing of
For it is in speaking that we learn
It is in learning that we understand
It is in understanding that we come to terms
To peace
To forgive, as the French say

The snowscape in the first dawn after an evening shower
Before track or foot or car crosses it
We step out into it
Maybe laugh at our footprints made in the snow
It is cold, yes.
But it is quieter more than it is cold.
It is still, peaceful, quiet, and cold
It is the land of death, and we do not truly fear it

The caribou do not fear the land of death
They teach us as they eat
There is green beneath the snow
There is green beneath the snow

We talk much of spring, but we forget
Often
To remember that spring only follows winter
We forget
Often
That the green beneath the snow gives us spring
That the New Englander was right,
In strange aeons, even death dies

That stillness and quiet of a cold snowscape
We find peace in it
So it is in restful death
In death, we have a Sabbath, if we choose
A rest from our labors
A shelter from our cares
We make the choice to rest in death here in life
Failing to make that choice, then death is not stillness and quiet

Death can be the color of storms
Violent and lashing, alternating despairing rain and terrifying lightning
Thunder roaring and booming
Tornadoes lurk in the murk
Ready to spin and to smash and to make all in their paths
One with the Destroyer

Why would anyone choose a storm for death instead of a snowscape?
It is because they fear it, and they do not learn how to master it.
It is because they have pride, and they do not learn how to love one another.
They forget what the Jew taught us: Love God with all your might, mind and strength
And love your neighbor as you love yourself

Death is a hilltop in West Texas
Where the American taught us
Medicine is to be found
Where
Eagles circle above

Stillness and peace are there, as well, as the sun sets
And I hear nothing but the whispers of the spirits
Where the distance between their lips and my ears
Is made shorter in the peace and the stillness
Is made shorter in the wings of the eagle

Death is a moment in a hospital
Where a loved one nods and says, “It is time.”
Even then, as the frantic business of emergency rooms
Pours through the halls and intercoms
The loved one has a peaceful, if painful moment

What of those who choose death over life?
Do they find peaceful snows or hilltops?
Or raging storms of hellscape punishments?
My thought is this: if madness takes one to death,
It is no worse than cancer or heart attack or stroke:
The peace is in the person’s true choices
But if pride takes one to death,
If one cries out like the Roman about what a treasure is lost in one’s death,
The storm awaits.

Is there life after death?
The Austrian was right to reject that question.
We die, no question of that
And then the mortality ends.
The body dies, the spirit endures on
If there is resurrection or reincarnation,
None of those
None of those
Will extend this mortality one instant
Before birth
Or after death
But the spirit
The spirit does not draw breath, so it knows not mortality
I have spoken with the unborn and the deceased

How to speak with the dead and unborn?
Be someone the dead and unborn want to speak with
Be someone the dead and unborn are able to speak with

The dead wait for us
Those at peace are patient
Those in storms wait with agonies
But they all wait
We are all in between birth and death
The great movement of mortality
Pressing forward
The line of time
Forcing the direction,
Determining the destination

Death is the phone call too early in the morning
The news delivered only when we are sitting
The tragedy, the agony, the sudden cold emptiness
The tears that exhaust the eyes
The mournful haunting of memory ever after
Until we ourselves join with the dead

Death is the moment the body
No longer sustains the motion of the spirit
The spirit then departs
That which lacks integrity sufficient for
Breath of life

Death is neither success nor failure
It is neither good nor bad
It is inevitable, it is inescapable
It is foreordained, it is neither reward nor punishment
It is promised to us all
There is no need to hasten the day of its arrival
Be patient and enter the quiet of the wintry dawn, perhaps
Life is not a measure of how much we suffer
It is a measure of how much we love
It is a measure of how much we serve
And those who love and serve will know peace and calm
And those who love and serve not will know storm and stress

The Siberians are many: one of their tribes
Teaches we walk backwards into the future
We see only the past clearly
The future behind our backs as we walk backwards
We walk backwards towards death

Death is a Japanese garden
As winter rain falls
A spring awaits
But now, a peaceful rest

Is there a different form of life after death?
Ah, such is the stuff of what prophets speak
Which ones to heed?
If you love and serve, you will know
If you try to save your life, you will lose it
If you give freely, you will live as life should be lived
The breathless sleep but an interval between mortality
And that different form of life that perhaps comes to us
Love and serve, that is the key
Love and serve, you will be free to dream in the breathless sleep
Love and serve, and you will have peace before you have joy
Love and serve, and you will discover
Green beneath the snow

Another Trip Around the Sun

Well, as we make ready to change calendars, it’s good to take stock of the year behind us. Hopefully, you’ve got some time off to sit, think, reflect, and count blessings and other small victories of the past year. No worry for anything that might overshadow – we’re all overshadowed by things bigger than any of us. But, the shadow often breaks for a moment and some light lands on us, be it a friendly smile, a kind word, or a good friend. And the light lands on us whether we give or receive of those things.

For me, it’s Merry Christmas and a Happy New Year. It’s a grand thank-you to all the people on this forum for being a friend to me. A friend is not someone who agrees all the time. A friend is quite often someone that will never see eye-to-eye with you on some things, but is in full agreement that friendship is much, much more than that. Friendship is in sharing difficult news, it’s in providing a listening ear – or listening eye, if you’re online, and it’s in seeking out someone to share a laugh with you.

Thank you friends, and may we be together come the next time we collectively observe another trip around the sun.