From Dimensional.  A good chart of the ten largest US stocks over the decades.

Large and In Charge? Giant Firms atop Market Is Nothing New.

Well, this blog wasn’t meant to be a COVID-19 blog.  But that is what is happening right now.   The top of the news from the BBC.  How did this happen Governor Abbott (hint: see recent postings below)?  Someone needs to be held responsible.  Photo from Austin is embarrassing.

BBC News – Coronavirus: ‘Swift and dangerous turn’ in Texas cases, says governor

Always liked Mimi Swartz’s writing.  I think she is most famous for exposing the Enron scandal.  From the New York Times.

McSweeney’s keeps track of our President’s illegal, immoral and unethical lapses.  I suppose this is on top of tens of thousands dead and a wrecked economy.

LEST WE FORGET THE HORRORS: A CATALOG OF TRUMP’S WORST CRUELTIES, COLLUSIONS, CORRUPTIONS, AND CRIMES

From oilprice.com

U.S. Shale Has Lost $300 Billion In 15 Years

“The U.S. shale industry peaked without ever making money. Over the past decade and a half, the shale industry totaled $300 billion in net negative cash flow, wrote down another $450 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte.”

Rino looking large.

Again I have to go to the foreign press to get a straight look at what is going on locally.  This is just getting started.  I see people around me who still think is is all a hoax of some sort.  Of course, they get this idea from right wing media, which has always had a strange aversion to scientific and mathematical truths, or perhaps just truths they don’t like in general.

‘We opened too quickly’: Texas becomes a model for inadequate Covid-19 response

State shuts down again after seven weeks with coronavirus cases skyrocketing, after ignoring inconvenient data and fighting party-political turf wars

Another from the Collaborative Fund.

Same As It Ever Was

From the Collaborative Fund blog:

Never The Same