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Covid update

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On December 28, 2024
About 45,000 people have died of Covid-19 in the US in 2024, which represents about 4% of the total official death toll from the pandemic in the country (1,215,000. Looking at excess death totals since 2020, it's likely the real toll is in the neighborhood...

The crack-up

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On December 27, 2024

I ran into the following economic dictum at Paul Krugman's new Substack. The author is Rudi Dornbusch, who formulated it originally in the context of monetary policy and financial crises,.

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Azeri Jet Down

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On December 26, 2024
Find someone who loves you as much as Russia loves shooting down civilian jetliners: An Azerbaijan Airlines flight that crashed in Kazakhstan on Wednesday was downed by a Russian air defence system, four sources in Azerbaijan with knowledge of the investigation told Reuters. An Embraer passenger jet crashed...
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