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The Logic of Pottersville By Victor Davis Hanson

Posted By on March 24th, 2020

https://www.nationalreview.com/2020/03/coronavirus-recalls-logic-pottersville-its-a-wonderful-life/#slide-1

It is a wonderful life.

In director Frank Capra’s 1946 holiday classic movie It’s a Wonderful Life, an initial bank panic sweeps the small town of Bedford Falls. Small passbook account holders rush to George Bailey’s family-owned Bailey Building and Loan to demand the right to cash out all of their deposits — a sudden run that would destroy the lending cooperative and its ability to issue mortgages or preserve the savings accounts of the small town.

The villain of the story, Henry F. Potter, who is a cash-laden, though miserly rival banker, played brilliantly by Lionel Barrymore, offers to buy up the depositors’ shares in the Building and Loan — but at a steep 50 percent discount.

Bailey (Jimmy Stewart) tries to explain to his panicked cooperative depositors the logic of their frenzy, with the exclamation, “Potter isn’t selling. Potter’s buying! And why? Because we’re panicky, and he’s not.”

Capra’s post–Depression era movie, even in its black-and-white morality, reminds us that, in crisis, the majority has limited liquidity and cash. And sooner rather than later they must sell assets — property, stocks, shares, and household goods — to operate their businesses or keep their homes until things pick up. In a real depression, those with the least cash fail first and in great numbers.

And the minority who do have cash are always willing to buy, even in a depression, albeit at their price, which is usually steeply discounted. Panic, not logic, eventually takes over the collective mind, as we now see with the downward spiral of the current stock market and the hoarding of goods otherwise in plentiful supply.

The stock market descends in part because sellers need liquidity and think they will have less of it tomorrow, while cagey buyers believe they will sell for even less in 24 hours — and stock managers who sell more than buy conclude that there is not yet enough data or conjecture to convince the terrified public that the virus is either manageable or will turn out to be more analogous to 2009 rather than 1918.

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What a Doctor and Congressman (Mark Green, M.D. R- Tenn District 7)Has to Say About COVID-19 Rachel del Guidice

Posted By on March 24th, 2020

https://www.dailysignal.com/2020/03/24/we-still-have-to-be-vigilant-er-doctor-and-

““Americans should know that the vast majority … of the people who get COVID-19 are going to be fine,” says Rep. Mark Green.”

Mark Edward Green is an American politician, physician, and retired U.S. Army Major who currently represents Tennessee’s 7th congressional district in the United States House of Representatives.

Besides being a congressman, Rep. Mark Green, R-Tenn., is an emergency room physician and Amy special operations veteran. He joins me today on The Daily Signal Podcast to discuss his perspective on the coronavirus pandemic, what the Senate’s relief package gets right and wrong, and why the U.S. shouldn’t be dependent on China for pharmaceuticals and medical supplies. Read the lightly edited transcript, pasted below, or listen on the podcast:

Rachel del Guidice: I’m joined today on The Daily Signal Podcast by Congressman Mark Green of Tennessee. Congressman, it’s great to have you back on The Daily Signal Podcast.

Rep. Mark Green: Hey, thanks for having me.

Del Guidice: Given your background in medicine as an emergency room physician, and what’s on the minds and hearts of all Americans right now is the whole coronavirus pandemic, what is your perspective overall on everything that’s going on?

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Pelosi’s Coronavirus Stimulus Bill Mentions ‘Diversity’ 32 Times Andrew Stiles

Posted By on March 24th, 2020

https://freebeacon.com/democrats/coronavirus-diversity/

The word “diversity” appears 32 times in the coronavirus relief bill House Speaker Nancy Pelosi (D., Calif.) unveiled on Monday. Pelosi released her plan as critics questioned the priorities of Democratic lawmakers facing the China-caused pandemic.

Senate Democrats voted Sunday to block a coronavirus stimulus package worth up to $1.8 trillion, and continued voting down procedural motions on the bill Monday. Democrats in the upper chamber were reportedly upset that the legislation does not do enough to increase fuel-emissions standards for the airline industry or to provide additional tax credits to promote wind and solar energy.

Senate Majority Leader Mitch McConnell (R., Ky.) said Senate negotiations over the relief package were going well until Pelosi imposed herself on the process. Democratic obstruction gave the House speaker time to introduce her own coronavirus relief package in the House. At more than 1,100 pages, the “Take Responsibility for Workers and Families Act” is in keeping with the controversial comments Majority Whip James Clyburn (D., S.C.) reportedly made on a conference call with Democratic lawmakers last week. “This is a tremendous opportunity to restructure things to fit our vision,” said Clyburn, in reference to the drafting of the House Democratic response bill.

The Pelosi bill focuses on “diversity,” for example, more than one might expect from an emergency economic relief package. The plan includes a section on “Improving Corporate Governance Through Diversity” that aims to “ensure that corporate boards reflect the diversity and perspectives of the communities and consumers impacted by the hardships due to the coronavirus disease.” The word “inclusion” appears 14 times in the text of the bill.

ISRAEL Comments turned off

Benjamin Netanyahu’s fatal flaw This failure of “Leadership 101” and to command loyalty from his most talented lieutenants may be his undoing. David Isaac

Posted By on March 24th, 2020

https://www.jns.org/opinion/benjamin-netanyahus-fatal-flaw/

It’s not often that a world leader’s greatest weakness is so nakedly displayed. Israeli Prime Minister Benjamin Netanyahu doesn’t know how to bind political talent to him. To say he doesn’t command loyalty is putting it gently. He inspires vindictive rage in his former confidantes. The problem is that Netanyahu seems to know only one way to handle potential rivals—suppress them.

It’s a stark contrast to the other longest-serving Israeli prime minister: David Ben-Gurion. Throughout his decades-long leadership of Israel’s Labor movement, he was rarely challenged. In 1965, when he split from Mapai to form the Rafi Party, all the young Turks went with him, among them Moshe Dayan, Chaim Herzog, Teddy Kollek and Shimon Peres (who was not exactly known for steadfast loyalty).

Such an event couldn’t be imagined with Netanyahu, who sends young Turks scattering at great political cost. Two of them—Naftali Bennett, a former chief of staff to Netanyahu, and Moshe Feiglin, a former Likud Party Knesset member—cost him the first election last April, what would be the first of three consecutive elections in a year’s time. The two parties they founded failed to pass the electoral threshold, sending hundreds of thousands of right-wing votes into the trash. Had they passed the threshold, Netanyahu would have had his majority, sparing the country the following elections in September and earlier this month.

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Ruthie Blum The diseased attitude of the ‘coronavirus rebels’

Posted By on March 24th, 2020

https://www.jns.org/opinion/the-diseased-attitude-of-the-coronavirus-rebels/

The least that those backpackers could do after the “enormous effort and expense” that was spent on repatriating them was sign a quarantine declaration.

Dozens of the 1,100 Israeli backpackers airlifted from Peru a few days ago threw a hissy fit upon landing at Ben-Gurion International Airport. Though greeted graciously by ground crew, the exhausted 20-somethings, who had begged the government to rescue them from their treks in South America when they were unable to find flights back home before the coronavirus-necessitated border closures left them stranded, behaved like a bunch of entitled brats.

Peru, like practically every country in the world, was about to go on lockdown for an unspecified period. To get stuck in a foreign land—far away from one’s family and without fluency in the local language—is nothing to sneeze at, especially when every sneeze these days is interpreted as a symptom of COVID-19.

Israeli Foreign Minister Israel Katz promptly responded to the tearful pleas for help from the young travelers, who were encountering great difficulty in purchasing airline tickets due to a dearth of available seats and to the exorbitant fees now being charged for them.

In a mission of the sort that does the Jewish state proud, Katz dispatched four El Al 787 Dreamliners to Lima to pick up the distraught Israelis and return them safely to Tel Aviv—at no cost to them or their anxious parents, many of whom, by this point, had been fired from their jobs or put on unpaid leave, thanks to the shuttering of businesses.

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List: 74 actions taken by Trump to fight virus and bolster economy by Paul Bedard ****

Posted By on March 24th, 2020

https://www.washingtonexaminer.com/washington-secrets/list-74-actions-taken-by-trump-to-fight-virus-bolster-economy

In less than a week, the Trump administration has greatly expanded the actions it’s taken to fight the coronavirus and boost the economy, according to its latest tally of “response efforts.”

Last week, when Secrets first ran the list, it totaled 43. By Monday, it was at 74, with many more planned this week as the White House effort shifts to focus more on the economy and treatment of those infected.

While he continues to receive fire from some governors who want more, President Trump said he hopes for a win in the battle soon.

“For those worried and afraid, please know: As long as I am your president, you can feel confident that you have a leader who will always fight for you, and I will not stop until we win. This will be a great victory,” he said Sunday, adding, “This is going to be a victory. And it’s going to be a victory that, in my opinion, will happen much sooner than originally expected.”

Over the weekend, for example, he listed the supplies being sent to the hardest-hit states, put in place special rules at Veterans Administration hospitals, and dispatched two military hospital ships. He also told FEMA to get mobile hospitals to New York and California.

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Dems on a Death Trip as They Play Politics in a Pandemic Roger L. Simon

Posted By on March 24th, 2020

https://www.theepochtimes.com/dems-on-a-death-trip-as-they-play-politics-in-a-pandemic_3282995.html

The Democrats are as addicted to politics, their version anyway, as a junkie in a homeless camp is to crack or meth.

It’s as if they mainlined Rahm Emanuel’s neo-Leninist apothegm—“You never let a serious crisis go to waste”—straight to their Vena Cavas and can’t get enough of it.

Now, that includes in a pandemic! What next? Nuclear war? Think of the possibilities! You could ask for almost anything—assuming there’s anybody left to ask.

But Rahm’s watchwords (echoed recently by Rep. James Clyburn), it’s safe to predict, will prove to be a curse to himself and his party rather than anything to live (or die) by.

When America’s most famously measured moderate—Republican Senator Susan Collins of Maine—is angrily calling you out, you should know you’re in serious trouble!

MY SAY: Comments turned off

MY SAY: MOVIES IN A TIME OF PANDEMIC

Posted By on March 24th, 2020

In an abundance of caution and affection I am confined to “house arrest” by my family. Movies and TV shows and potato chips make everything tolerable.

A great old movie to watch during lockdown is “Two for the Road” with Albert Finney and Audrey Hepburn….no gratuitous obscenity and nudity and a magnificent score by Henry Mancini.

Incidentally the screenwriter Frederic Raphael who has several screenplays and books to his credits, wrote a book that we read in our book club “A Jew Among Romans: The Life and Legacy of Flavius Josephus.

It is a remarkable undertaking, painfully researched and painfully read. See the movie!  rsk

WORLD NEWS Comments turned off

War-Torn Syria Braces for Lockdown After First CCP Virus Case

Posted By on March 24th, 2020

https://www.theepochtimes.com/war-torn-syria-braces-for-lockdown-after-first-ccp-virus-case_3282861.html

DAMASCUS—Syrians rushed to stock up on food and fuel March 23 amid fears that authorities would resort to even stricter measures after reporting the first CCP virus infection in the country, where the health care system has been decimated by nearly a decade of civil war.

The arrival of the global pandemic in Syria as well as the Gaza Strip has raised concerns it could run rampant in some of the most vulnerable areas in the Middle East. War-torn Libya and Yemen, which have yet to report any cases, are also a source of concern.

The worst outbreak in the Middle East is unfolding in Iran, where authorities reported another 127 deaths on March 23, bringing the total number of reported fatalities to 1,812 amid more than 23,000 confirmed cases. Iran has faced widespread criticism for not imposing stricter quarantine measures early on.

Lines formed outside grocery stores, banks, and gas stations across the Syrian capital, Damascus, as people braced for wider closures. The government has already closed restaurants, cafes, and other businesses, and has halted public transportation.

The city’s Hamidiyeh souk, a network of covered markets running through the Old City, was deserted after the government ordered all shops closed on March 22.

Authorities closed border crossings with Lebanon and Jordan, and Damascus International Airport was closed to commercial traffic after a final flight arrived from Moscow. State-run newspapers issued their last print edition and will only be available online.

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Turkey: Violence against Women Continues to Escalate by Burak Bekdil

Posted By on March 24th, 2020

https://www.gatestoneinstitute.org/15772/turkey-violence-against-women

Violence against women has become Turkey’s new normal.

In 2010 Turkey was shaken by the surfacing of alleged serial rapes…. including cases of adults raping minors and minors raping toddlers, killing one.

In 2014 Erdoğan said that “women should know their place,” and that “gender equality is against human nature”….

No doubt Turkey’s gender equality deficit bitterly shows that Islamist culture is much stickier than any Western-inspired legislation. Patriarchal cultural codes are deeply engraved throughout the society; unfortunately, it will take more than legislation to make them disappear.

It has become customary. As in previous years, on March 8, Turkish riot police brutally attacked demonstrators walking in central Istanbul to mark the International Women’s Day. A feminist march at midnight was dispersed by rubber bullets and scores of tear gas canisters shot by the police. All that Turkish women were asking for was equal treatment and protesting the growing “tradition” of women being murdered.

Ironically their grandmothers were luckier than some of their Western peers. The secular civil code of 1926, introduced as part of Atatürk’s reforms, gave Turkish women civil rights equal to that of men. The law meant that religious and polygamous marriages would not be officially recognized. It also gave women the right to initiate divorce. Shortly afterwards, in 1935, for the first time, Turkish women were allowed to vote in national elections: as a result, eighteen female candidates were elected to parliament – a decade or more earlier than women in Western countries such as France, Italy and Belgium. In 1935, only eight women served in the US Congress and nine in the British parliament.