SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (1225675)4/30/2020 10:12:56 AM
From: Wharf Rat4 Recommendations

Recommended By
Brumar89
pocotrader
rdkflorida2
sylvester80

  Read Replies (1) | Respond to of 1577123
 
Creating an army from scratch was no easy matter, especially when the ragtag force Washington inherited faced an enemy whose intentions were nearly impossible to fathom. As soon as Washington arrived in Boston, virtually everything related to the "Continental Army" crossed his desk. Washington's General Orders comprised rules and procedures to guide his officers and soldiers. They provide insights into the day-to-day workings of the army and into Washington as a commander. In the following example of Washington's General Orders, what are the primary concerns he discusses? What difficulties do these concerns suggest with respect to the "Continental Army"?

View the original document from the George Washington Papers. Use your browser's Back Button to return to this point.

Head Quarters, Cambridge, July 4, 1775

The Continental Congress having now taken all the Troops of the several Colonies, which have been raised, or which may be hereafter raised for the support and defence of the Liberties of America; into their Pay and Service. They are now the Troops of the UNITED PROVINCES of North America; and it is hoped that all Distinctions of Colonies will be laid aside; so that one and the same Spirit may animate the whole, and the only Contest be, who shall render, on this great and trying occasion, the most essential service to the Great and common cause in which we are all engaged.

It is required and expected that exact discipline be observed, and due Subordination prevail thro' the whole Army, as a Failure in these most essential points must necessarily produce extreme Hazard, Disorder and Confusion; and end in shameful disappointment and disgrace.

The General most earnestly requires, and expects, a due observance of those articles of war, established for the Government of the army, which forbid profane cursing, swearing and drunkeness; And in like manner requires and expects, of all Officers, and Soldiers, not engaged on actual duty, a punctual attendance on divine Service, to implore the blessings of heaven upon the means used for our safety and defence.

All Officers are required and expected to pay diligent Attention to keep their Men neat and clean; to visit them often at their quarters, and inculcate upon them the necessity of cleanliness, as essential to their health and service. They are particularly to see, that they have Straw to lay on, if to be had, and to make it known if they are destitute of this article. They are also to take care that Necessarys be provided in the Camps and frequently filled up to prevent their being offensive and unhealthy. Proper Notice will be taken of such Officers and Men, as distinguish themselves by their attention to these necessary duties.

No Person is to be allowed to go to Fresh-water pond a fishing or on any other occasion as there may be danger of introducing the small pox into the army.

It is strictly required and commanded that there be no firing of Cannon or small Arms from any of the Lines, or elsewhere, except in case of necessary, immediate defence, or special order given for that purpose.

All Prisoners taken, Deserters coming in, Persons coming out of Boston, who can give any Intelligence; any Captures of any kind from the Enemy, are to be immediately reported and brought up to Head Quarters in Cambridge. . . .
top of page


loc.gov



To: Brumar89 who wrote (1225675)4/30/2020 10:43:41 AM
From: RetiredNow2 Recommendations

Recommended By
Mick Mørmøny
THE WATSONYOUTH

  Read Replies (3) | Respond to of 1577123
 
I'll continue to wear my mask, because it is common sense, even though The World Health Organization and the CDC initially lied to us about the efficacy of wearing masks. But for the US Gestapo to tell me that they will throw me in jail if I do not is an affront to everything Americans stand for. This is when strong public morals and taboo and civil decency come to the for. Government can not and should not be the blunt weapon to bludgeon the populace on every crisis and issue. The more you rely on the government to force you to be an adult, the more you lose your freedom.

As to the lockdown, do you still think it was worth it?

--------

Over 30 Million Americans Have Lost Their Jobs In The Last Six Weeks

In the last week 3.839 million Americans filed for unemployment benefits for the first time.



Source: Bloomberg

That brings the six-week total to 30.31 million, which is over 12 times the prior worst five-week period in the last 50-plus years.

And of course, last week's "initial" claims and this week's "continuing" claims... the highest level of continuing claims ever



Source: Bloomberg

A breakdown by states shows that claims generally declined, with the biggest drops in California, Florida and Connecticut, while Washington, Georgia and New York saw a continue pick up.



And as we noted previously, what is most disturbing is that in the last six weeks, far more Americans have filed for unemployment than jobs gained during the last decade since the end of the Great Recession... (22.13 million gained in a decade, 30.3 million lost in 6 weeks)



Worse still, the final numbers will likely be worsened due to the bailout itself: as a reminder, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed on March 27, could contribute to new records being reached in coming weeks as it increases eligibility for jobless claims to self-employed and gig workers, extends the maximum number of weeks that one can receive benefits, and provides an additional $600 per week until July 31. A recent WSJ article noted that this has created incentives for some businesses to temporarily furlough their employees, knowing that they will be covered financially as the economy is shutdown. Meanwhile, those making below $50k will generally be made whole and possibly be better off on unemployment benefits.

As Mises' Robert Aro noted earlier in the week, the stimulus packages being handed out across this world provide us with an opportunity to document the anticapitalist process as it unfolds in real time, keeping in mind that when these inflation schemes fail, it will likely be blamed on capitalism.

The combination of increasing the money supply in order to pay people not to produce goods or services has consequences that not a lot of people are talking about.

It flies in the face of the free market and is as nonsensical as a negative interest rate. A loan that is forgivable is unconventional to say the least, because a loan is normally defined as an amount borrowed that is expected to be paid back with interest. When a loan is given on a first-come-first-served basis for the purpose of paying people not to work and is forgivable because it’s guaranteed by the United States government, we shouldn’t call it a loan.

It may be called socialism, maybe interventionism, and some may still prefer the term statism; but one thing is certain when it comes to the Paycheck Protection Program: it’s not capitalism!



Welfare cliffs are of course not the only reason so many capable Americans languish in partial dependency on government assistance. Dreadful government schools in poor areas and systematic obstacles to getting a job, such as minimum wage laws and occupational licensing laws, are also to blame. But the perverse incentives of America’s welfare system really hurt, and the CARES Act may have been a serious tipping point.

But, hey, there's good news... well optimistic headlines as Treasury Secretary Steven Mnuchin said he anticipates most of the economy will restart by the end of August.

Finally, it is notable, we have lost 434 jobs for every confirmed US death from COVID-19 (60,999).

Was it worth it?