Bipolar World Order, Again

The Americans are already planning a post-Russian, bipolar world, with China and them as sole big powers. Russia is disintegrating. “It is becoming increasingly clear that Ukraine is going to win this war and that the Kremlin faces a historic crisis of confidence,” NATO General Hodges said. “Indeed, I now believe it is a possibility that Putin’s exposed weaknesses are so severe that we might be witnessing the beginning of the end – not only of his regime but of the Russian Federation itself.”

I lack the vision to imagine that scenario but I can agree with one thing: “The loss of energy markets, which compensated for the country’s lack of modern industries, cannot be reversed. European governments will not rely again on Nord Stream-1, having witnessed how easily it can be turned off, and are already making long-term investments in domestic energy supply.” 

Eastern Europe, the homeland of the Ashkenazi sect for 800 years, is becoming Judenfrei.   

My Long COVID

 

I was diagnosed with COVID a month ago and it passed with light symptoms in a week. But yesterday and today I am feeling tired and lazy (I cannot focus on work). The heat diagram left shows the symptoms according to a novel kind of scientific research. The paper is here. The lower continuous red-orange strip shows "fatigue" which is what I have. Apparently, it lasts forever. I found no cause or prognosis on the internet. No one knows why it happens.

The upper red line(s) refer to mental health issues like depression, confusion, etc. Probably I am suffering from that too, but I cannot diagnose myself.

 Americans are dying three years earlier than before, the same in Europe. This is a bad thing. Statistically, in America, I would be dead. 

After University, I spent many months touring the USA and Canada. I was introduced to a lot of beautiful, wealthy, marriageable Jewish girls. I definitely did not like American women. I hated the dirty food served at Greyhound stations and cheap restaurants. My family and friends in Argentina lived better than those in America. I attended classes at Universities and left unimpressed.  Thank God I did not stay.

From Bloomberg (T. Cowen):  The evidence is piling up that the US has been suffering from a deficit of human capital. For instance, a recent report showed that US life expectancy first stalled and then has been falling. In other words, current Americans — or at least some subset of them — are having trouble just staying alive.

Oh, God. 

America Needs TAHAL

 

From Upmanu Lall (pic), by SciAm: 

There is no central planning for water investments in the U.S. Compare that with the situation for energy, where we have the Energy Information Administration and the Department of Energy. Whether they do a good job or not, there are at least some people tasked with thinking about what should be done and to put some requests for money on the table. In contrast, we have seven or eight different federal agencies with some sort of jurisdiction on water. And that structure is then replicated at the state level and at the local level. 

 ...with agriculture, which is the largest water user, there are options such as agrivoltaics and shifting which crops are grown where. So you start thinking about restructuring the whole system. That is not just a question of liberating money. It’s more a question of getting some good, higher-level planning and thinking in place and then putting money behind these plans and innovations.

 One big concern is the California drought. The agriculture industry there is at an extremely high risk of dying.  More generally, we will see a slowly evolving epidemic of water system failures like the one in Jackson.

Dr Upmanu Lall is another Indian talent lending his brain to solve American problems. I find funny the expression "liberating money". But Lall is very good. TAHAL is my alma mater, תכנון המים לישראל - Water Planning for Israel, a national water planning company, that in its heyday had 800 employees and did much work in Latin America and Africa. 

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Wasted Efforts

 
Michael Pettis wrote:

They failed to recognize in their projections that as investment levels remained high – higher than the economy could productively absorb – an increasing share of growth could only be created by that part of the economy that operated under soft-budget constraints. 

This "growth" – which was really just activity and not growth – could only exist as long as the government and banking system were willing and able to tolerate an unsustainable increase in the debt associated with that activity. 

That means that as soon as debt levels became too high to continue managing, or once policymakers decided they had to address the debt before it became too high to manage, we would see much of the previous GDP growth reversed from the economy. 

Janos Kornai (Kornhauser) already discovered this in Budapest. Communist forced industrialization led to much activity and much waste. 

The Canaanite Dog

 

The Canaanite dog is a pariah, a feral breed descended from the domestic dog of the region. At Ashkelon, they found a 700 dogs cemetery and the dogs were Canaan. It is yellow with black and white patches. The wiki says that it is very common, although I used to trek in the Negev and Sinai, never saw it. 

Hank, Cash, Cline

 

About Angora Cats

The Angora Cat. I never met one. 

Angora should not be allowed to get fat. This elegant cat has fine boning and too much weight can be harmful. 

China fears a bad harvest and famine. It is hoarding soya and fertilizers. 

ICL shares will surely rise.