Tuesday, October 21, 2025

Wolf Richter: No Payment, No Problem: In Rosy World of Forbearance, Official Delinquencies Plunge, Credit Scores of Delinquent Borrowers Jump

Forbearance granted as a result of the panedemic is confusing credit scoring algos, so the scores of borrowers are all over the place.

Peat: Superhero of the Biosphere, in Need of Global Protection (and Yours)

Drained peatlands and peat fires emit around 10% of our greenhouse gas emissions from agriculture, land-use change and forestry, yet there seems to be little effort to prevent this.

2:00PM Water Cooler 11/18/2020

~ Today’s Water Cooler ~

Boeing 737 MAX Cleared to Fly Again, Amidst Plummeting Demand for Air Travel and Aircraft as a Result of COVID-19

FAA clears Boeing 737 MAX to fly again today, but the COVID-19 pandemic has decimated air travel and the demand for new aircraft.

Links 11/18/2020

Government-Funded Scientists Laid the Groundwork for Billion-Dollar Vaccines

Muxh of the initial funding for COVID-19 vaccines originally arose from federally-funded research. Socialize costs, privatize profits.

The Other America: The New Politics of the Poor in Joe Biden’s (and Mitch McConnell’s) USA

Where there remains a sleeping giant of poor and low-income people yet to be pulled into political action.

“Super Emitters”: 1% of World’s Population Causes Half of Global Aircraft Emissions

COVID-19 provides a chance to reassess our relationship with flying, a major source of global emissions.

2:00PM Water Cooler 11/17/2020

~ Today’s Water Cooler ~

How Mitch McConnell Flouts the Will of the American People

The odious Mitch McConnell bears much respomsimility for the flawed U.S. COVID1-19 response, as well as the inadeuate stmulus.

Links 11/17/2020

Nick Corbishley: Bankruptcy Looms As Cash-Starved UK Local Councils’ High-Risk Real Estate Bets Sour

UK councils were already in trouble due to austerity, inflated charges for services, and mismanagement. Covid is set to generate bankruptcies

COVID-19 Compounding Inequalities

The COVID-19 crisis may worsen inequality and push more than 70 million people into extreme poverty, according to the United Nations.

2:00PM Water Cooler 11/16/2020

By Lambert Strether of Corrente. Patient readers, I got wrapped around the axle with a technical issue. More from the Augean stables soon. –lambert UPDATE All done1 Bird Song of the Day #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. […]

Waste Watch: Carbon Emissions to Increase in the UK from Waste Disposal; Yet Another Reason We Need To Cease Making So Much Plastic

Absent immediate and drastic action to limit plastics use, global emissions will increase as incineration is used for waste disposal.