Daily Digest 12/14 – The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%, Oracle’s Ellison relocates from California to Hawaii

Daily Digest 12/14 – The Top 1% of Americans Have Taken $50
Trillion From the Bottom 90%, Oracle’s Ellison relocates from
California to Hawaii 1


Wine & chocolate stop Covid? Study finds certain foods can kill the coronavirus (Tsquared)

A range of foods and beverages, including dark chocolate, green tea, and muscadine grapes could be a secret weapon in the fight against Covid-19. New research has revealed they contain compounds that can kill the virus.

Scientists studied what happened when the virus that causes Covid-19 – SARS-CoV-2 – came up against chemical compounds found in plants known for their anti-inflammatory and antioxidant properties.

Are Car Seat Laws Driving Down America’s Birthrate? (thc0655)

A provocative new study claims the steady upward creep in the age at which states mandate that children use car seats is prompting women to either postpone or opt out of having a third child.

The paper, published on the Social Science Research Network, by finance professors Jordan Nickerson of MIT and David Solomon of Boston College, argues that most vehicles can fit only two car seats in the back row, necessitating the purchase of a larger car to accommodate three young children at once. That added cost, they argue, disincentivizes some women from having a third child.

No Privacy, No Property: The World In 2030 According To The WEF (CleanEnergyFan)

The World Economic Forum (WEF) was founded fifty years ago. It has gained more and more prominence over the decades and has become one of the leading platforms of futuristic thinking and planning. As a meeting place of the global elite, the WEF brings together the leaders in business and politics along with a few selected intellectuals. The main thrust of the forum is global control. Free markets and individual choice do not stand as the top values, but state interventionism and collectivism.

Individual liberty and private property are to disappear from this planet by 2030 according to the projections and scenarios coming from the World Economic Forum.

Raoul Pal Sees Cryptocurrencies Gathering “Trillions Of Value” (CleanEnergyFan)

Raoul Pal, CEO of macro research and advisory service Global Macro Investor, posted a series of tweets today, in which he suggested that BitcoinEthereum, and other cryptocurrencies have the potential to absorb “trillions and trillions of value” from traditional markets.

“If bitcoin is the digital pristine collateral, the size of [the] global [government] bond market is $123 [trillion]. Pretty amazing opportunity for bitcoin,” Pal tweeted.

“The size of the global custody system is $23 trn. That will accrue to bitcoin and more likely maybe ETH.”

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That’s Made the U.S. Less Secure (rkbost)

Like many of the virus’s hardest hit victims, the United States went into the COVID-19 pandemic wracked by preexisting conditions. A fraying public health infrastructure, inadequate medical supplies, an employer-based health insurance system perversely unsuited to the moment—these and other afflictions are surely contributing to the death toll. But in addressing the causes and consequences of this pandemic—and its cruelly uneven impact—the elephant in the room is extreme income inequality.

Oracle’s Ellison relocates from California to Hawaii

Oracle co-founder Larry Ellison has moved from California’s Silicon Valley to a Hawaiian island where he owns almost all of the land

The billionaire reported his relocation to the software giant’s staff members on Monday, writing in a company-wide email that he would not follow the company’s headquarters from Redwood City, Calif., to Austin, Texas.

Joel Osteen’s Lakewood Church received $4.4M COVID-19 PPP loan

Multimillionaire televangelist Joel Osteen’s Lakewood Church in Texas netted $4.4 million in bailouts through the federal COVID-19 relief program, records show.

The Houston megachurch, the largest in the nation with 52,000 weekly congregants, received the forgivable Paycheck Protection Program loan in late July, the Houston Business Journal reported Sunday. The loan was the third-highest in the Houston area during all of July and August, the outlet noted, citing federal data.


More dead fish are washing up along the Hudson River (newsbuoy)

Dead fish have been washing up along a 60-mile stretch of the Hudson River, reaching as far north as Putnam County — and advocates fear they are suffocating to death following a similar mass fish fatality over the summer.

Carcasses of Atlantic menhaden, a type of herring known as bunker fish, have been spotted from the New York Harbor to Mystery Point in Garrison, according to clean water advocate group Riverkeeper.

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