All the news is bad [seriously]

Oct 12, 2021 8:35 pm

Somebody I follow on Twitter made a tweet that said, "All of today's news is bad."


I told her she stole my daily tagline. LOL.


She's not wrong.


The news that kind of took over my life last night was Las Vegas head coach Jon Gruden's resignation.


What started out (horribly) as racist remarks in an email on Friday (discovered from 2011) turned into a trove of misogynistic, homophobic, and racist tropes by Monday afternoon, covering 2011 to 2018.


He even got into criticizing Obama and Biden (so it's recent stupidity, too).


The good: Gruden has a helluva football mind.


The bad: Gruden has a helluva football mind.


It seems pro athletes and their coaches (most of them former athletes) may just be the scum of the earth. Certainly, not all of them. But it does seem like they have more than their "fair share" of scumbags.


Gruden resigned, most certainly under duress of getting fired. We'll see how his 10-year $100 million contract plays out.


***


In other [more important] news, China and India are almost out of power.


China isn't the only huge Asian economy with a coal shortage now

China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.


Most of India's coal-fired power plants have critically low levels of coal inventory at a time when the economy is picking up and fueling electricity demand.


Coal accounts for around 70% of India's electricity generation.


A potential power crisis would likely have an immediate impact on India's nascent economic recovery which is being led by industrial activity instead of services, according to Kunal Kundu, India economist at Societe Generale.


Government data showed that as of Oct. 6, 80% of India's 135 coal-powered plants had less than 8 days of supplies left — more than half of those had stocks worth two days or fewer.


By comparison, over the last four years, the average coal inventory that power plants had was around 18 days worth of supply, according to Hetal Gandhi, director of research at ratings firm CRISIL, a subsidiary of S&P Global.


State-run Coal India, which accounts for over 80% of India's coal output, reportedly said last month it would ramp up supplies to utilities to address the coal shortage in power plants.


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Make it a great day!


Bill


🍺 PS - Buy me a beer to keep the Daily Grind News open for business!

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