C19 Open Discussion Week 43c

Happy New Year! Remember, the new normal is always better than the old normal.

From Bloomberg:

New Jersey Minimum Wage Increasing to $12/Hour, Faces Criticism

New Jersey’s minimum wage will rise to $12 per hour on Friday even as businesses are struggling to stay open and critics are saying the higher cost will make a pandemic recovery even tougher.

Governor Phil Murphy, though, is standing by the $1 increase, mandated by legislation he signed in 2019, as a positive for employees whose hours may have been cut amid other hardships since March, when New Jersey reported its first Covid-19 case.

“Good news: Beginning tomorrow, New Jersey’s minimum wage will rise to $12 an hour — a boost for our workers, their families and our economy,” Murphy, a first-term Democrat running for re-election in November, wrote in a tweet on Thursday.

New Jersey’s minimum wage will rise to $15 in 2024 from $8.85 in February 2019. Twenty-nine U.S. states have minimum pay above the $7.25 federal rate, according to the National Conference of State Legislatures, a Washington-based lobbying group.

“A higher minimum wage is great except when your salary goes to zero when the business that you’re working for goes under,” Senator Declan O’Scanlon, a Republican from Little Silver, said by telephone.

The New Jersey Business and Industry Association and the New Jersey Chamber of Commerce were among those opposed to the lack of an emergency delay option. Amid the pandemic they argued that businesses were burdened by mandatory closings earlier this year, personal protective equipment costs and reduced hours and indoor occupancy caps.

This entry was posted in General. Bookmark the permalink.

146 Responses to C19 Open Discussion Week 43c

  1. Phoenix says:

    Ahh. Just woke up, looked outside. It looks like 2020 out there.

    Nothing changed. Going back to sleep.

  2. Hold my beer says:

    Uh oh. FDA wants all distilleries that made hand sanitizer, even the ones that donated everything they made, to pay a $14,000 fee.

    https://www.yahoo.com/news/fda-wants-liquor-distilleries-cough-204527199.html

    Wonder if Murphy and cuomo will want in on this action

  3. Fast Eddie says:

    Republican Florida Gov. Ron DeSantis announced legislation Monday to crack down on what he called “violent” protests, but civil liberties groups say it’s an obvious attempt to punish protected First Amendment activities.

    DeSantis’ proposed legislation is called the Combating Violence, Disorder and Looting and Law Enforcement Protection Act. The bill would raise criminal penalties for protest-related offenses, make organizers and other participants liable for violence and/or property destruction that occurs at protests, and block state funding to county and local governments that cut law enforcement budgets, among other provisions.

    Good. Basically, vigilantism now becomes legal to bring justice to anti-Americans.

    https://tinyurl.com/yaru6cgv

  4. joyce says:

    Did you read the whole article, Gary?

  5. ExEssex says:

    9:42 internet tough guys like Gary piss themselves in
    real violent encounters. Punch a Nazi.

  6. ExEssex says:

    Florida is a cesspool. A completely dysfunctional array of retirees and struggling single mothers.

  7. Hold my beer says:

    Reading comprehension is not a strength for fast eddie

  8. Bystander says:

    Gary, you would make a great employee at Ministry of Truth.

  9. Grim says:

    Trump’s HHS appointee killed the $14k fee.

  10. Libturd says:

    $14K to help your fellow countrymen. I loathe this country.

    I’ve read that in Costa Rica, only those who lost their jobs were given Covid payments. Uh duh!

    There is a roller rink in vegas for sale. I read where a whole bunch of Vegas hipsters are planning on pooling their $600 checks to buy it. What a mis-managed mess of a country. I can’t wait to share the 100s of billions of pork in that bill once someone actually reads it.

  11. ExEssex says:

    Good to hear Grim.

  12. Grim says:

    “Small businesses who stepped up to fight COVID-19 should be applauded by their government, not taxed for doing so. I’m pleased to announce we have directed FDA to cease enforcement of these arbitrary, surprise user fees. Happy New Year, distilleries, and cheers to you for helping keep us safe!” an HHS spokesman said in a statement provided to The Hill.

  13. ExEssex says:

    I don’t go to demonstrations and it looks like I would definitely avoid going to FL.
    If I want swamps, mosquitoes, and a police state I’ll just go right to hell and skip the line.

    The Sheriff’s Office recently released a dozen body-camera videos that show arrests of protesters. The videos show protesters seeming to comply with police — in one case a woman asked which way to walk and then she was arrested for not dispersing; in another case, a woman said she was walking to her car; in another case, a man on the Main Street bridge jumped over a concrete barrier after the crowd had bottlenecked. Each said they were following police orders and asked why they were arrested.

    “You need to leave or you’re going to jail,” an officer says in one video. A woman limping away shouts back at them, “What is the matter with you people?” Officers then arrest her.

  14. Libturd says:

    That’s great Grim. Is this the one this past Summer was pushing to expose infants, kids and teens to Covid to reach ‘herd immunity’?

  15. ExEssex says:

    Trump’s “appointee”.. pretty much sums up the revolving door of employees that was his Presidency, Somehow his leadership led to our current situation of dysfunctional (20m Americans will be vaccinated by now)… we are at 3. Trump promises and never delivers. The definition of failure. Aspirational BS spouted by an imbecile. Jan 6 needs to happen smoothly with those who are obstructing promptly jailed for sedition.

  16. ExEssex says:

    By hollowing out our public health infrastructure not to mention the super spreader events without any sign of masks. Disgusting and horrific. POTUS is on record admitting to the seriousness of this disease while downplaying it to his base and the less informed. Depraved indifference. Period.

  17. Hold my beer says:

    That’s good news grim. I shouldn’t have been surprised but I was over the fda wanting a 14k fee from distilleries who made hand sanitizer.

  18. Bystander says:

    Damn, that Treasury works quick. Happy New year to me! Thanks future of America.

  19. Grim says:

    “ Is this the one this past Summer was pushing to expose infants, kids and teens to Covid to reach ‘herd immunity’?”

    Isn’t this why Murphy permitted school sports? Including indoor contact sports?

  20. leftwing says:

    “…but civil liberties groups say it’s an obvious attempt to punish protected First Amendment activities.”

    Hmmm, interesting. Any thoughts on the abridgement of the rights to peaceably assemble, to be secure in our effects and against unreasonable seizures without Warrant, and the free exercise of religion?

    My prediction for 2021….after speaking yesterday and today with people from various walks and areas, the ones with whom you converse a couple times a year usually around holidays and birthdays, and a pretty diverse group…..I think there will be a major pushback starting April or so around the governments’ anti-COVID measures.

    People are sick of the rules and, much more importantly, the idiocy and entire lack of logic around them. I thought we were bad here…hung up earlier today with the quintessential suburban Philly mom, rational, swing voter…..it’s simply gone too far for the facts on the ground.

    She, btw, contracted COVID in November. Late 50s, a couple co-morbidities. One night of hell at home, two days of feeling like a case of bronchitis. Fine thereafter. Only reason she went for a test was for the ensuing ten days she lost her smell. Her reaction was “are you fcuking kidding me? We got locked down for THIS?”

    As the virus spreads there is going to be hell to pay when 99.5% of the people realize contracting it literally had no big picture impact on their lives. Especially as the weather warms and the lockdowns enter a year. Mark the date, predicted here first. Compliance and consent for the nonsense coming from these governors unravels around April.

  21. ExEssex says:

    1:38 we’ve lost a lot of really great people to Covid complications.
    Here’s one: https://youtu.be/PtHsJcRpmlw

  22. leftwing says:

    “…we’ve lost a lot of really great people to Covid complications.”

    Undoubtedly. But in a nation of 330 million not even a drop in the bucket.

    The infinitesimally small exceptions do not support the rule….we’ve lost more than a few great people this year to shoveling heavy snow, falling asleep at the wheel, suicide, and vehicular collisions with deer too.

    The number is never going to zero.

  23. BRT says:

    Well, I guess we did achieve equity with respect to administering the coronavirus vaccine.

  24. chicagofinance says:

    Bystander: for your Y2K belly dancer….. put it in the rear view and never look….
    https://youtu.be/THwp-hWtC5Y

    Got a feeling
    In my head
    Feels like thunder, overhead
    Intoxicating
    I can’t stop the flow
    This love is poison
    But it’s like gold
    Give me direction
    Out of the cold
    Show me affection
    I’ll give you my soul

    It’s official
    You’re fantastic
    You’re so special
    So iconic
    You’re the focus
    Of attention
    But you don’t want it
    Cos your so on it

    And if you break me
    Will you fix me
    And if i’m missing
    Will you miss me
    And i’ll regret it,
    ‘Til the day i die
    I didn’t mean it
    It was in my head
    Feels like thunder
    It’s getting cold
    This love is poisoned
    But it’s like gold

  25. Juice Bopx says:

    Plenty of time to have a vaccine plan and they still do not have the registration site up and running. 70% of the vaccine given to NJ has been sitting in cold storage.

    https://covid19.nj.gov/pages/vaccine

    https://covidvaccine.nj.gov/

  26. BRT says:

    Yeah, you know, it’s not like we all didn’t just have the whole f*ck*ng week off to wait in a line and get a shot from a professional. Let’s just let them sit on ice.

  27. Grim says:

    If only we had access to a large pool of medical professionals who regularly administered vaccines.

  28. Grim says:

    I think May is the turning point in lockdown fatigue going widespread.

  29. Grim says:

    Drove by the Passaic County vax site yesterday.

    I counted seven sheriffs officers each in their own trucks.

    News said they administered a staggering 219 yesterday.

  30. Juice Box says:

    Monmouth County did a whopping 204 vaccinations the first day at the county site.

    The 1A group, is approximately 650,000 healthcare workers throughout the state, at this pace it will take forever.

  31. Juice Box says:

    Months of Planning an no registration site yet either, you have to take this PDF fill it out and FAX it in. I kid you not FAX!

    https://www.co.monmouth.nj.us/Documents/118/Healthcare%20Key%20Staff%20Document%202.pdf

  32. Hold my beer says:

    Meanwhile Israel has vaccinated 10% of its population in less than 2 weeks. 1 million so far

  33. Hold my beer says:

    We broke 20 million cases. What will come first, 40 million cases or 40 million vaccinated? I’m guessing cases. We will probably hit 40 million cases by end of March and our hospitals will have been overwhelmed long before that

  34. leftwing says:

    DiBlasio was on TV explaining away the entire lack of movement on vax in NYC….

    NYC waited because……get this…..he wanted to make sure the vax was ‘safe’.

    Had nothing to do with civil workers being asked to do something, anything especially around the holidays. Riggghhht.

    But don’t worry, they’ll have sites up and running by mid-Jan to get to 1m inoculated by end of Jan……

  35. leftwing says:

    bystander, a couple things to keep in mind re: your hottie….

    They’re all crazy, especially the hotter ones and especially the ones with daddy issues.

    Good sex is like good Chinese food….enjoy it for what it is, but don’t ask how it got that way.

    https://www.youtube.com/watch?v=pInk1rV2VEg&ab_channel=JamesYeager

  36. Phoenix says:

    The classic video.

    Nice way to start off the new year.

  37. No One says:

    I heard it’s all Trump’s fault. Governor of NJ must never be held responsible. California Covid spiking really high, so where are the criticisms of the CA Governor? Won’t happen because lockdown Democrat governors can do no wrong to the media. But Florida’s DeSantis has lower covid, lower surge, fewer deaths, a lot more livable rules and yet the media love to criticize. NBC writes that Florida “is in chaos” for the governor letting over 65 people line up for vaccine (and many actually getting it, but that’s not the story they tell). NJ is so superior and unchaotic because our governor, says no, just stay home and die quietly, even though science says you are most at risk, we’ll call you, don’t call us.

  38. leftwing says:

    Phoenix, brother, everything in life can be reduced to a series of graphs and bell curves.

  39. leftwing says:

    Oh and I forgot to mention….blonde hair, blue eyes is a sign of a serious underlying genetic disorder in women and military brats add a dimension of exponentiality to the craziness and daddy issues….

    Hot, blonde hair blue eyed military brat? Lucky if they find you in three days with a search party.

  40. Phoenix says:

    lw,
    so true, so true. Haha.

    I have mine this week. Was out last night, today we are staying home so ordered out from one of the popular local restaurants. Went to pick the food up, place is packed to the gills.
    Def going to be more Wuhan Wheeze in a couple of weeks. No doubt the SuperStrain could avoid a juicy state like N.J. for long, it’s like a tasty agar plate.
    Happy New Year to all. And good luck.

  41. Chicago says:

    Now that I am an adult I never realized this was the best scene of Star Trek of all time
    https://m.youtube.com/watch?v=GbMxDuhMrg8&feature=youtu.be

  42. Phoenix says:

    “Phoenix, brother, everything in life can be reduced to a series of graphs and bell curves.”

    Yeah, we do that in my business as well. You don’t want the wrong waveforms, wedge pressures, etc. There is plenty you can learn about someone you don’t know just by looking at a screen attached to them.

  43. Hold my beer says:

    Vanilla Ice was the headliner at Mar A Largo new years party. LOL.

    Maybe that’s why trump left early.

  44. Phoenix says:

    For a laugh,
    Death to 2020 on Netflix.

  45. Juice Box says:

    Re: Mar A Largo

    Friend of mine who moved to Florida was there last night, sent a video of the action. No masks or social distancing, the rich must think they are immune.

  46. Libturd says:

    NoOne, you are tiring. And not fooling anyone.

    At least Leftwing defends his opinions with logic.

  47. Libturd says:

    NoOne…are you Homeboken?

  48. ExEssex says:

    Medics are starting to see “whole wards of children” suffering from Covid for the first time during the pandemic, a senior nurse has warned.

    Laura Duffell, a matron at King’s College Hospital, London, said the new strain of Covid was affecting children and younger adults with no underlying health conditions in worrying numbers.

    She said: “It’s very different. That’s what makes it so much scarier for us as doctors, nurses and porters and everyone else who is working on the front line.

    “We have children who are coming in. It was minimally affecting children in the first wave… we now have a whole ward of children here and I know that some of my colleagues are in the same position, where they have a whole ward of children with Covid.”

    Ms Duffel, a Royal College of Nursing branch official, described a picture of NHS hospitals close to buckling under the strain of rising numbers of Covid patients.

    She told Radio 5 Live on Friday: “20 to 30 year olds with no underlying conditions are coming in. In intensive care you could have up to two or three very sick ventilated patients at the moment, which is far beyond what you should have.

  49. ExEssex says:

    ts
    Texas US District Judge Jeremy Kernodle on Friday dismissed a suit seeking to give Mike Pence power to overturn the election results
    Kernodle, a Trump appointee, said plaintiffs lacked ‘standing’ and alleged ‘an injury that is not fairly traceable’ to the vice president
    Rep. Louie Gohmert and Arizona’s slate of ‘alternate’ Electoral College electors sued the vice president in a last ditch attempt to keep Trump in power
    In a new filing Friday, Gohmert argued that Pence was more than a ‘glorified envelope-opener in chief’ when he presides over Congress on January 6
    Gohmert and his allies want a federal court to rule that Pence has the power to ‘to conduct that proceeding as he sees fit’
    On December 14, in a White House-backed effort, Republican ‘electors’ in swing states President-elect Joe Biden won gathered and voted for Trump
    Gohmert et. al. want Pence to be able to pick the uncertified votes from the rogue ‘alternate’ electors over real Electoral College results

  50. Juice Box says:

    They prepared and are using their military to get it done, medics etc, why aren’t we doing the same?

    Israel has vaccinated 41 per cent of its over-60s and more than ten per cent of its population as it drives ahead in the global vaccine race despite fears over shortages.

    One million Israelis have received the Pfizer/BioNTech vaccine since the rollout began on December 20 with the milestone jab administered in the city of Umm al-Fahm today.

  51. Grim says:

    Texas trained their national guard to administer

  52. Hold my beer says:

    Arlington has used all of the vaccines it has received

    https://www.star-telegram.com/news/local/arlington/article248197615.html

    Fort Worth also seems to be efficiently dosing people as well, although having elderly and those with high risk conditions stand in the rain for over an hour in 35 degree weather isn’t optimal

    https://www.star-telegram.com/news/coronavirus/article248204605.html

  53. leftwing says:

    I’d have to google but IIRC every Israeli is part of one of four or five health cooperatives…makes for very easy top down management given the entire country has the population of NYC.

    On the children show me stats not anecdote. Facts on the ground change I’ll change my opinion. In our frat when a stretched proposal was being debated at a house meeting inevitably some wag in the back row would shout out “it’s for the children”. Even at age 19, four decades ago we were cognizant enough to realize all kinds of bullsh1t was done ‘for the children’. Numbers, check your emotion at the door.

  54. ExEssex says:

    bUt mY fIDdy yEaR olD friEnD haD cOviD aNd iT wAsn’T sO bAd… left wingnut

  55. Hold my beer says:

    It’s January 2nd, time for some of you to replace the aluminum foil lining the walls of your house

    Costco and amazon sell them in 1,000 foot rolls

  56. The Great Pumpkin says:

    Do you think these people are getting paid more money? Nope. Companies taking advantage of the situation to suck more out of their employees. This is the group of workers that “gets it.” They know what WFH is turning into. Never ending work.

    My wife took off, and guess what the f’ers did? Yup, meeting on her day off. Can you say no? They are never going to leave productive employees alone. People like 3b just don’t understand this.

    “By last June and July, a group of 2,025 full-time work­ers who worked re­motely and non re­motely told Global Work­place An­a­lyt­ics and Owl Labs that they were work­ing more dur­ing Covid-19.

    How much more? An av­er­age of 26 ex­tra hours a month, ac­cord­ing to the sur­vey. An­other es­ti­mate, from New York Uni­ver­sity Stern School of Busi­ness doc­toral stu­dent Michael Im­pink, shows av­er­age daily work hours in­creas­ing 8-15%, de­pend­ing on the day of the week. He ex­am­ined data from more than 3.4 mil­lion work­ers, count­ing the time from their first daily work cor­re­spon­dence to their last.”

    https://www.wsj.com/articles/is-a-home-office-actually-more-productive-some-workers-think-so-11609563632?st=fv58efkgssteigs&reflink=article_copyURL_share

  57. The Great Pumpkin says:

    These are the workers that like it because in their mind they are winning. They have a ton of free time in the WFH environment. Their employers haven’t realized had to suck them dry yet in the WFH environment. This group will either have their jobs made “part time,” or they will be taking on the work of one of their co-workers who is fired because he is not working all day.

    “Not every­one clocked more time at home. More than 40% of em­ploy­ees sur­veyed by Global Work­force An­a­lyt­ics and Owl Labs said their hours stayed the same while work­ing re­motely.”

    “While roughly 27% said they would have con­sid­ered such a setup to be ideal be­fore the coro­n­avirus pan­demic started, 80% said they would like to con­tinue work­ing re­motely for three days of the week or more once the pan­demic is over. Many of these peo­ple said they would pre­fer re­mote work all five days of the work­week.”

  58. 3b says:

    Pumps: It’s a new year, can you please stop referencing me in your posts as I have asked you repeatedly to do in the past?? How can you a teacher tell me who has spent my entire career in corporate America that I don’t understand. I am living it everyday. We all know you hate WFH, and we all know why. It’s not because it will negatively affect you as a teacher. It won’t. But it will affect your lifestyle, and not to your liking and therein lies your hatred. It’s plain for all to see. As I said in the past it’s incredibly selfish on your part to demand thousands of people return to the office full time to preserve your way of life. It’s a huge quality of life improvement for thousands when schools eventually reopen. And yet you don’t care. We have been through this numerous times.
    WFH is here to stay and if works for many. Whether it’s full time or some combination, it’s here and it’s not going back to what it was prior to the pandemic. As for your wife’s day off and a meeting, well that happens all the time in corporate America, long before the pandemic. Years ago I had to cancel a week vacation the day before I was starting. Those that work in corporate America understand that.

    So let’s start the New Year right. You can continue to worry over WFH, and spend your time hunting for anti WFH articles, but it won’t change the reality. Just don’t reference me in your posts. That is all I ask.

  59. 30 year realtor says:

    Leftwing,

    Nowhere in your opinions regarding covid policy do you account for long-term impacts. Have you considered that all those people under 44 who survived covid may not be out of the woods. There is cause for concern from blood clots, lung and heart issues. Considering that there is less than a year of data, your conclusions are premature.

    https://www.hackensackmeridianhealth.org/HealthU/2020/07/29/what-are-the-long-term-effects-of-covid-19/

  60. No One says:

    Libturd,
    No, we met at Grim’s house many years ago, a couple of names ago. There was no Pumpkin back then.
    You seemed more hardheaded back then. Back when you owned Canadian National, and you were more about personal finance and responsibility, and observations of bureaucratic failure. Now you seem to want those bureaucracies to have even greater roles in more people’s lives. I suspect even Costa Rican bureaucracies will ultimately let you down, if you ever get there. But good luck anyway.

  61. The Great Pumpkin says:

    3b,

    Seriously, stop obsessing over my personal life. What did my previous post have to do with me? That’s right, I’m witnessing first hand the dangers of WFH.

    Btw, I haven’t been in my school building since March of 2020. I am WFH and it sucks. I’m on google meet all f’ing day. You know what it’s like trying to teach kids with the attention span of a gold fish through a screen?

    That’s why I don’t understand how a business can work efficiently as a “team” through a screen when it’s close to impossible to teach them virtually unless they have a parent that helps them in person. There is only so much you can do through a screen.

    Yes, is blue’s AP students going to be fine? Yes, they are highly motivated and super intelligent. For kid’s that aren’t, well, good luck. Now apply this to a workplace.

    I dare you, 3b, to take your money and start a WFH business from scratch. Do it!! It’s o much better, right?! So go do it, but you won’t, because you know the major risk that comes with hiring people that you have never met in person. You are going to get “catfished” till you lose it all.

    P.S. this has nothing to do with my wife’s employer or my real estate holdings.

  62. The Great Pumpkin says:

    And if anything…I’m benefiting from WFH. My wife can get a job somewhere else or start her own business. My real estate holdings have been impacted in a positive way from WFH. So what is your point?

  63. Fast Eddie says:

    Texas trained their national guard to administer

    After the inauguration, you’ll see the vaccine distribution ramp up substantially. It will paint O’Biden as a savior who swooped in to save the day. Remember the democrat mantra: Never let a crisis go to waste!

  64. The Great Pumpkin says:

    Can you for one second look at some of the points I make about WFH without attacking my real estate? Can you understand how it hurts the economy and how it’s dangerous for a worker to have no boundary between work and home?

    Why do you think the economy is hurting so bad for so many? People are in their house and not coming out. Simple as that. The economy can’t handle that fast of a change. It literally sucked the demand out of so many sectors that rely on people getting out of their house.

    You keep going on about savings from WFH. Do you not see what those savings are doing to the economy? It’s destroying it. These aren’t positive savings. Only a few benefit from it at the expense of everyone else.

  65. The Great Pumpkin says:

    Okay, so now businesses are saving money on rent, but what about the landlords? What happens when they all go under? What happens to all the other businesses that this office supported. That’s where those savings come from, eliminating other people’s jobs and businesses.

    So keep cheering this on because you selfishly think it will hurt people that own real estate. That’s the truth here, you selfishly hate people who own real estate.

  66. leftwing says:

    “bUt mY fIDdy yEaR olD friEnD haD cOviD aNd iT wAsn’T sO bAd… left wingnut”

    Nice to see you decided to start the year with a strong challenge for dead last in reading comprehension….Likely start skipping over your posts altogether similar to the other numbnut….

    180 million people. 0.00005 mortality rate. Less than 8,000 dead.

    At least seven activities of daily living in your weekly life have a higher rate.

  67. 3b says:

    I own real estate. Peace and Happy New Year to you. You should consider therapy, it might be beneficial.

  68. The Great Pumpkin says:

    You don’t own real estate. No one advocates for real estate to go down when they own it. Prove me wrong.

  69. 3b says:

    When one is not selfish and cares for the next generation, one does. God Bless you.

  70. leftwing says:

    “Nowhere in your opinions regarding covid policy do you account for long-term impacts. Have you considered that all those people under 44 who survived covid may not be out of the woods.”

    Don’t disagree.

    But the question is one of proportionality.

    If there are legitimate questions whether the COVID response is appropriate for the virus’s immediate effects, how can one rationally make the argument instead that it may be appropriate for unknown side effects?

    Listen, I was all for shutdowns and restrictions early on, say March through May. I would have at that time even supported a real lockdown….close public transportation, ground the airlines, no interstate travel, shut all workplaces….The purpose would be to let the authorities get a handle on what we were dealing with to craft the best responses…..

    One year out? You (the governments) don’t get that pass anymore. You’ve had a year to figure it out. If you can’t during that time, fcuk you, I’m moving on.

    It is literally an unimaginable disgrace that Murphy is allowed to close indoor sports in early December and then reopen them on Jan 2 with no scientific rationale whatsoever and in the face of an outbreak of an even more virulent strain. Ditto Cuomo with the Bills…..

    I mean, seriously, at this point these people are just outwardly fcuking with you…they’re just making it up, serving you a massive sh1t sandwich and expecting you to thank them and ask for seconds.

    You don’t get to do that with citizens’ lives and an entire economy for a year. Times up.

    And further to your specific point on LT effects if we are keeping up this charade for that goal what about obesity? Cardio and diabetes kill far more annually from LT complications than COVID ever will….if you support draconian measures for potential LT effects of COVID how can you not support at least equally draconian measures to fight proven killers like heart disease and diabetes?

    Proportionality. Any semblence of it regarding COVID has gone out the window.

  71. The Great Pumpkin says:

    Okay, Saint 3b! Maybe you really are a good guy. I guess you have no prob taking 30% off your selling price when you go to sell to the next generation…right?

    3b says:
    January 2, 2021 at 11:16 am
    When one is not selfish and cares for the next generation, one does. God Bless you.

  72. Libturd says:

    “Now you seem to want those bureaucracies to have even greater roles in more people’s lives.”

    When it comes to a pandemic, yes!

    There are countries all around the globe that are nearly back to normal. Many which are not fascist, communist or soc1alist. Australia for example. Costa Rica doesn’t even have any anti-vaxxers. As for distribution, since everyone is registered at a local caja (health clinic), they will simply call you when it’s your turn.

    I still rail against most bureaucracies, when they are inefficient and unaccountable (like most of them here). But I have a more global view and have been to successful countries and trainwrecks. This country is truly heading south. It’s every which way you look. Shootings are way more common here now. Protests and instability are becoming more apparent. Our police force is become much more “federale” and the level of corruption in our government is no longer even worth bothering to report, as it’s so rampant. About the only thing holding it together are our courts. But they too are becoming too politicized and it’s only a matter of time before money rules.

    In yesterday’s American incompetence list:

    Home Depot: Ordered 6 items online to do curbside pickup around noon. Wait two hours, no email confirmation. Call and I get corporate. They call store and no one answers. They say wait a little longer. I head to store around 2.5 hours after ordering. I see line out the door for returns (which is the same Customer Service counter) and realize that I have no choice but to mask up and head in. I am fortunate that they split up the line for returns and online pickup so no one is around me. I am first in line. I ask if my order is done. They say one product was missing (toggle bolts, which I really didn’t need for the current project) so we didn’t complete your order. I say, were you going to call me to let me know? They say, they were waiting for me to call. I notice, the three melamine shelves are dented in the same corner on all three. Whoever picked the order most likely smashed them. Then I have to leave the store to get a cart as they just stacked my order on a railing (I kid you not) for me to get.

    Taqueria Los Gueros – I order on the phone. Real simple order. Make your own taco taquiza. $30, for 30 tacos. She says 20 minutes. I get there. I have to wait another 20 minutes. Person working the grill apologises and says, if he stops to make my order, it will slow all of the other small orders. Wonderful. Just give me the honest time next time.

    Rakutan – I can’t assign my phone number to the account because it belongs to an older account I made. I can’t reset the password to the older account because the site won’t let me. I email them with specific and clear directions explaining my issue. I get a ticket back that says, what is the phone number I am trying to assign to my current account. It was of course listed clearly in my original email.

    My continuing saga with EZ Pass – Now into my third tech support ticket. Manager claims that my first two tickets said I only needed my transaction for 2020 (which you can get from their website) so they closed the tickets. Both tickets clearly specified I needed 2016 to present. Will report back when they choose not to perform ticket number three.

    This country is a goddamned joke. No one should have to wait 8 hours to renew a driver’s license. Especially after the entire staff was paid in full for 4 month without working a single minute. It’s like there is not a single person who can think anymore. Or they are all just horribly lazy.

    The lack of a workable vaccination plan is just the tip of the iceberg.

    Why are we giving 80% of the population that was not affected economically by Covid a check? What the fukc is wrong with us? This is lunacy. Unless you want the stock market (which only enriches the rich) to continue it’s bullsh1t facade.

    Happy New Year everyone.

  73. joyce says:

    We don’t know if the vaccines may long term side effects for some. That isn’t, and shouldn’t, stop it’s rollout.

    Government incompetence will

  74. Phoenix says:

    “My wife took off, and guess what the f’ers did? Yup, meeting on her day off. Can you say no? They are never going to leave productive employees alone”

    Well, if your wife wants to live the cushy lifestyle like you, she can quit her job and become a teacher.

    Don’t worry, no zooming past 3 pm. Union contract. No zooming on weekends, on snowdays, nor holidays.

    You can zoom in your car at those times to Whole Paycheck and increase your BMI’s if yo like.

  75. 3b says:

    Lib: Yep! We are sinking fast! Trump , Biden, Obama, whoever does not matter. Our day in the sun is over.

  76. Chicago says:

    Educated guess: you were a Son of Christ if you grew up rich and were not from the NYC area. Otherwise, a Pike on the Hill.

    leftwing says:
    January 2, 2021 at 9:34 am
    In our frat when a stretched proposal was being debated at a house meeting inevitably some wag in the back row would shout out “it’s for the children”. Even at age 19, four decades ago we were cognizant enough to realize all kinds of bullsh1t was done ‘for the children’. Numbers, check your emotion at the door.

  77. Phoenix says:

    Pumpkin,
    Adapt or die. Those are your choices. You lose money in your real estate, I don’t care. Wear a mask, don’t, I don’t care. Your choice. Your renters don’t pay, I don’t care. I hope you have some basic skills for the day TSHTF other than looking at your deeds and the test answers to 3rd grade mathematics.

    As Lib has said, this country is in a decline. Problem is no one cares. Why bother, the adults have set this example, teachers included and primarily, as they really affect the youth more than you or BRT state. I see it first hand.

    Hell, they just delivered an infusion drug and the muppets injected it as a vaccine. What, no label on the bottle? Nobody looks anymore?

    Well, then again, it is West Virginia.

    https://www.cnbc.com/2020/12/31/west-virginia-mistakenly-gives-42-peoplegiven-regeneron-iv-covid-treatment-instead-of-vaccine-shot-west-virginia-national-guard-says-.html

  78. Phoenix says:

    “Our day in the sun is over.”

    Govt is too infected with corporate cash. That patient is terminal. We will up the pressors for now but at some point you will have to say goodbye. It’s lights out.

  79. The Great Pumpkin says:

    Why shouldn’t it be this way? Is this a bad thing? And you are wrong if you think this applies to all districts. My district doesn’t even give a minute between classes on google meet. In one, out the other. If you have a 150 students, and spend one minute everyday grading an assignment, that’s a lot of time.

    At the end of the day, no job is a dream. That’s why they have to pay someone to do it. My district can’t hold employees, is that because the job is so awesome? I’m not a quitter, as you can see from this blog. Otherwise, no way I last 16 years at my school. Many times I have came close to quitting, saying this is not good for my health and well being, but I keep going because I’m not a quitter. I’m not quitting on those kids, enough people do it already.

    I love the “teach for America” experiment. These were elite college students. I love how they came in with biases against the teachers and school district. Noses up in the air…lol. They come in thinking it’s bad teachers who are lazy to blame for the students achievement gap. Silly rabbit, tricks are for kids. By year 2, they realize the truth and now feel badly for the teachers that give their life to this. They say how do you do this every single day? They all leave and go to their fancy nonprofits or corporate management jobs. Wait, where are you going, I thought you were going to change these kid’s lives?

    “Don’t worry, no zooming past 3 pm. Union contract. No zooming on weekends, on snowdays, nor holidays.”

  80. Phoenix says:

    “This country is a goddamned joke. No one should have to wait 8 hours to renew a driver’s license. Especially after the entire staff was paid in full for 4 month without working a single minute. It’s like there is not a single person who can think anymore. Or they are all just horribly lazy.”

    Don’t worry, some storm trooper will let you know what a criminal you are when you drive with that expired license, and his eagle eyed super senses notice this (actually, his nerd designed computerized license plate reader) and you are now snagged by the system. Hands where they can be seen or you might get ventilated.

    Now even cps has jumped on the bandwagon of using “qualified immunity” as a defense to irresponsibility.
    https://www.dailymail.co.uk/news/article-9105415/Social-workers-use-qualified-immunity-fight-wrongful-death-lawsuit-o.html

  81. Phoenix says:

    Sorry, pumps,

    What ever you think is hard in your “teacher” world is 10x harder outside of it. And if you did not believe this you would quit and head out into Easyville. It’s only 1 mile from Wayne, N.J.
    Man up, grow a pair, make the jump and join all of us here in Easyville. We would love to have you.

  82. ExEssex says:

    I don’t want a lot, I want just enough
    So why has it got to be so damn TOUGH
    Livin’ on the uptown side of jive
    Hustlin’ a buck to stay alive
    Lookin’ for a ten and they give your five
    Well it’s tough
    You talk to the boss, the boss is gruff
    You ask for a raise and they call your bluff
    You may get some, but it’s never enough
    Because it’s tough
    STRONG:Like a magnum force
    ROUGH:Like a new divorce
    MEAN:Like a three-time loser
    BAD:Like an L.A. cruiser
    DOWN:Like a limousine
    BLIND:Like a submarine
    HARD:Like cold concrete
    TOUGH:That’s the rhythm of the beat

  83. ExEssex says:

    DES MOINES, Iowa (AP) — Thanks to the government paying nearly 40% of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast.

    Farmers faced challenges throughout 2020 that included the impact of trade disputes; low prices that drove down cash receipts for corn, cotton, wheat, chicken, cattle and hogs; and weather difficulties such as drought in some areas and an unusual August wind storm stretching from South Dakota to Ohio that centered on Iowa.

    Farm cash receipts are forecast to decrease nearly 1% to $366.5 billion, the lowest in more than a decade, measured in real dollars. Direct federal government payments saved farmers’ bottom line: Farmers overall saw a 107% increase in direct payments from 2019, when a third of net income came directly from the government.

  84. The Great Pumpkin says:

    How many fights between gangs have you broke up lately?

    My first month of teaching, kid pulls a machete out of his pants during lunch. Gang fight erupts. This was when they wore long white shirts, kid got sliced across his neck and back. Blood red. This teacher goes behind the kid holding the machete and puts him in an arm lock till he dropped it. Instead of kids running towards the fight, they all ran away.

    Just two years ago, I was stopping this big kid from destroying this little kid in my classroom. I put him in a bear hug, and the kid put his nails so hard into my arm, I started bleeding. Tell me again how my job is a walk in a park. Not many people could do it.

    How much do I get paid? I’m doing the job of a cop, risking my life with no gun to protect me. On top of risking my life, I have to actually teach these kids and be accountable for it, or I lose my job. It’s a sad underpaid gig that keeps you humble when you see absolute poverty on a daily basis.

    The schools are failing because society is failing the students and their families. Too many abusive parents who should not be parenting. It’s just a horror show of stories over and over again.

    I like you, Phoenix. Think you were dealt a bad hand when it comes to marriage. You deserved better. So take this post as an attack, I’m only trying to educate you about inner city teaching in a failing school. I hate that they label it a failing school. Imagine how that inspires the kids going to it, it just feeds into their negativity and lack of caring even more. Criminal to label a school as failing because it’s poor and dealing with serious social/economic issues.

  85. The Great Pumpkin says:

    Oh yea, you won’t hear about incidents like the machete slicing in newspapers. They keep it out. The public will just feast on it, and use it to bash the school some more. So no good comes out of making it public. All you are doing is to help that gang rep their set in the news, which is what they want…fame and glory.

  86. The Great Pumpkin says:

    Essex,

    I barely vent about my job on here. Just trying to show my job isn’t all peaches and cream. My point is simple, all jobs suck even though perception seems like the grass is greener. At the end of the day, it always can be better or worse. Big world out there. Just do your job, and do it well. That’s what is going to make you feel good on your deathbed, that you did your job, and did it well.

  87. ExEssex says:

    Some jobs rope you in with decent pay, little work, and the promise of a pension.
    But they are soul sucking administrative-heavy failed institutions. You have only yourself to blame for staying in these horrible environments. I can only imagine how a life in a title 1 school will lead you to that deathbed early.

  88. BRT says:

    Why bother, the adults have set this example, teachers included and primarily, as they really affect the youth more than you or BRT state. I see it first hand.

    My opinion has evolved on brainwashing and indoctrination over the past 3 years. Ever since social media took over most of the population’s lives, it’s gotten worse, because the kids are more open to it and the teachers (just like the general public) have surrendered the ability to think for themselves, critically. At this point, they aren’t even capable of recognizing blatant hypocrisy.

  89. leftwing says:

    Chi, good guesses, know both houses. Scene I described could have occurred anywhere though lol.

    Re: WV screw up on antibodies and vaccine….at least the antibodies are getting used lol…by all reports they are effective and have just been hanging around unused on shelves.

  90. The Great Pumpkin says:

    Yup, only the suckers stay and have no one to blame but themselves. It’s the truth and I own it. Just apply that to your lives, too. I don’t know why some of us stay in environments, relationships, or jobs that are not good for our health, but we do. Human beings are tough to figure out, patterns don’t always follow logic.

    My sister was in the classroom in one of these failing schools, but she decided to get out. Life is about choices. Choose them wisely. The only thing that matters. We all have choices..

  91. ExEssex says:

    That bring said pumps i push back.
    I won’t allow any BS in my classroom.
    I figure if we have to spend hours with kids
    We need to ensure a quiet safe environment.

    Peace

  92. ExEssex says:

    *being said … I remember the Dean coming to see me occasionally and once he looked at me and said Your class is so quiet. I said yeah, keeps us all sane.
    Cannot take chaos man. Low threshold for that. Otherwise I am super chilled when it comes to almost every other aspect of the job. I do love the content. That helps.

  93. Juice Box says:

    “More nursing homes are getting the Covid-19 vaccine, but a recent survey found nearly 72% of certified nursing assistants don’t want to be vaccinated. One Georgia company is offering staffers who take the shot a free breakfast at Waffle House.”

    https://on.wsj.com/3pxsdyu

  94. The Great Pumpkin says:

    Juice,

    It’s funny, some of these people that refuse the vaccine, are the same people that over weight and smoking cigarettes. Human beings are too funny.

    Yoo, this vaccine is not worth the risk as I suck down a cigarette and eat an entire bag of chips in one sitting. Lmao

    Better yet, Bloomberg can’t create a soda tax. No way, no how, does he get to tell me what to do with my body. The irony…

    Humans=🤡

  95. The Great Pumpkin says:

    It’s my right to live an unhealthy life and pass on the cost to everyone else!! It’s my right to not take this vaccine and prolong this pandemic. What a hill to stand on.

  96. Phoenix says:

    “nearly 72% of certified nursing assistants don’t want to be vaccinated.”

    Can you blame them? Try and put yourself in their shoes, if you are truly able to do that the answer will be clear. If not you are too disconnected from them and you will never understand.

  97. Phoenix says:

    “It’s my right to live an unhealthy life and pass on the cost to everyone else!! It’s my right to not take this vaccine and prolong this pandemic. What a hill to stand on.”

    Boomers not only stand on this hill, they made it bigger.

  98. Phoenix says:

    “have surrendered the ability to think for themselves, critically.”

    One could also argue that social media can teach you to think critically by learning how to sort out the lies from the truths that you find on there. Much of the humor is found in the hypocrisy-like when they do a video with Trump disputing something he said on video 1 week earlier. They realize adults are liars.

    You watch the kids imitate their teachers on TikTok. It’s funny, as this is exactly how most of them are. It’s easy to recognize patterns. Kids can easily tell which teachers just give work and don’t actually teach vs those that have passion and actually care.
    Being able to connect with children with passion is what separates the good from the bad.

  99. Juice Box says:

    Phoenix – I get it, they are scared of unknown side effects. The politicians that are holding back all vaccines are the problem. They should have had the opt in list done a long time ago, a simple survey would have told them this. Now there are nine million doses sitting in storage that could have gone out to Grandma and Grandpa already. Millions more on the way too, Moderna is shooting for 2 million doses a day. Are we going to have 50 million doses sitting in storage in a week or so?

  100. BRT says:

    One could also argue that social media can teach you to think critically by learning how to sort out the lies from the truths that you find on there

    You could argue that. But based on the behavior of society at large, I suspect only 5% of the population has succeeded. Some of the smartest people I know are becoming some of the most brainwashed morons.

  101. The Great Pumpkin says:

    Fantastic article.

    “Why Markets Boomed in a Year of Human Misery

    It wasn’t just the Fed or the stimulus. The rise in savings among white-collar workers created a tide lifting nearly all financial assets.”

    “The Fed played a big part in engineering the stabilization of the markets in March and April, but the rally since then probably reflects these broader dynamics around savings.

    Just because you can explain these market gains doesn’t mean that high asset prices will hold. You could tell a story in which the economy roars back as people are vaccinated, and the entire pattern reverses itself, with the savings rate turning negative as Americans spend down their stockpiled wealth on trips and other luxuries that have been off-limits in 2020. It could spur inflation, which, if severe enough, could cause the Fed to back off its easy money approach sooner than people now think.

    But the 2021 economic narrative has yet to be written — and if 2020 teaches one thing, it is that the story arc is more unpredictable than you might think.”

    https://www.nytimes.com/2021/01/01/upshot/why-markets-boomed-2020.html?

  102. The Great Pumpkin says:

    Sick part, who is paying for this?

    “Are we going to have 50 million doses sitting in storage in a week or so?”

  103. The Great Pumpkin says:

    Bingo, and apply this to any job or profession. If you can do the job with passion, you will be good at it. You see how passionate I am on this blog, now imagine me in the classroom. I try my hardest to motivate the unmotivated on a daily basis. Hopefully it works on some of them…

    “Kids can easily tell which teachers just give work and don’t actually teach vs those that have passion and actually care.
    Being able to connect with children with passion is what separates the good from the bad.”

  104. The Great Pumpkin says:

    BRT is dead on. Brainwashing is slowly becoming the norm. It’s incredible to witness.

    The power some of these social media talking heads have over their followers is downright scary.

  105. Libturd says:

    Why do you morons give Pumps the time of day. No one can hide a machete in their pants. He is so full of sh1t.

    I’m starting to come around to Leftwing’s way of thinking, only I still feel we must be careful not to overload our hospitals and we should wear (decent quality) masks and physically separate as much as possible to protect the more vulnerable members of our planet. Since we do not have the discipline or the willpower to lockdown for three weeks because we are a bunch of spoiled brats. Then absolutely, we should open everything up besides places where masks and separation are not possible.

  106. The Great Pumpkin says:

    I witnessed it with my own eyes. When he took it out, waving it above his head, I thought it was a shiny sword. I’ll never forget that. I was like is this real? Is this really happening?

    Why would I lie? What do I have to gain? Btw, this was when long oversized white shirts were in, combined with giant oversized pants. He had no problem putting it down his leg, and had no problem using it. You have no idea how crazy these kids are.

    Libturd says:
    January 2, 2021 at 5:31 pm
    Why do you morons give Pumps the time of day. No one can hide a machete in their pants. He is so full of sh1t.

  107. chicagofinance says:

    I was at a kids Halloween party with mostly 4-8 year olds. Host parent is counsel for publicly traded utility, and most people who weren’t from the neighborhood were JD’s of one stripe or another (aka personality of an old newspaper). Anyway, I was wearing a Lehman hat that I got at Arthur Ashe in 2005 and there is a jacka$$ in town who is the corporate counsel of a local publicly traded data storage company. Cornellian. He was short, fat, bald, personality-less dork struck up a conversation with me. Once he realized that I wasn’t ex-IB, he kind of got uppity with me. He offers unsolicited that he was Theta Drug, and I look him straight in the eye aghast with a “no fcking way” kind of look. Anyway, I was so disappointed to just have nothing in common with the guy. Since my daughter is a rock star, it is his loss. What a c0cksucker.

    leftwing says:
    January 2, 2021 at 1:31 pm
    Chi, good guesses, know both houses. Scene I described could have occurred anywhere though lol.

    Re: WV screw up on antibodies and vaccine….at least the antibodies are getting used lol…by all reports they are effective and have just been hanging around unused on shelves.

  108. The Great pumpkin says:

    Btw, do you put your life on the line at work? Remind yourself of that when you claim I’m overpaid.

    Inner city teacher has to break up more fights than a cop does and without a gun. I’ll never forget when two gangs were going to go at it in the courtyard outside. I was the only one out there trying to stop it and I somehow did. I could have got killed. This was over 30 kids (not small, but gangsters) that could have taken me out in a second. God was on my side that day. Of course, you will never hear about this.

    How bout the time some little prick who gave me hell every single day in the classroom. I’m leaving work, walk out of the building and there he is getting kicked in the head by two maybe 20 year olds. I saved his ass, even though he made my life a living hell and disrespected me on a regular basis.

    You have no idea what I go through. You are right, tbere are some bad teachers that run away and hide when they see a fight. Just don’t think all are like that.

  109. Juice Box says:

    BRT- re: “only 5% of the population has succeeded.”

    You have street smarts to go with instincts too, how you got that in Bergenfield you will have to explain some day.

    Brainwashing is not some new technology. People simply fear change and change is the only thing that is constant. Contradictory beliefs created by change cause enormous mental stress, and then add in a massive paradigm shift like this pandemic? Too much for most to handle for even some of the 5% you speak of, for the rest of the 95% god fearing rock ribbed folks out there even more.

    So during this pandemic wearing a mask in public seems to be the biggest issue for the 95% you speak of. I will use our soon to be ex-president as an example even though he claims to be a very stable genius, but is not not actually in that top 5%. They had the very quickly installed testing for Covid at the White House, testing that was faulty but then ignored that in order to align their perceptions of the world with their actions to continue on in an election year. They removed the cognitive stress by false pretenses for what else could you not do with all the money and power in the world.

    Arguably their actions caused Trump’s loss, perhaps if he lead by wearing a mask then things might have turned out differently, he would have easily countered Biden’s simple messages, but he had to be the showman the carnival barker with sparking white fake teeth, fake tan and fake hair. He said more than once everyone else around he was tested so I don’t have to war a mask. So people would show up to work at the White House and no mask needed as your test that day was clean. This was their way of reducing the stress of Covid, it’s not like POTUS did not know it was deadly, and many many people heard Bob Woodward’s recorded interviews and then Trump got sick. Timing could not have been better.

    Honestly I have never seen Trump as befuddled as he was when Trump was talking about his 18 taped interviews with Woodward during the pandemic. Supposedly it was Lindsey Graham that convinced him to do the first interview and he was even there for the taping. I suspect Lindsey is not who he says he is, but then again people are who they are. Trump will be gone and Lindsey and the party? Diminished for sure, we shall find out soon enough if they lose the Senate if it’s fatal this time.

    I know for sure the country has swung left in many ways, just look at the media, they no longer need a broadcast license, there is nobody to tell them what is acceptable there are no more censors and that will continue.

    As Joe Biden said recently we are doomed if we don’t get along. I suspect he was talking about everyone.

  110. The Great Pumpkin says:

    Good comment from that article..

    “This article misses the mark in its premise. Financial Repression based on central back policies as well as their expressed guarantee that “markets” will never be allowed to fall, or resemble any honest price discovery, is the main fuel rocketing stock and bond prices higher. Its a moral hazards and welfare for the rich– with no exit strategy.

    To point to a measly 1.5 in savings as the culprit and give virtually no account of the 4 trillion dollar increase in M1 and M2 money supply, as well as the 120 billion being printed every month is a glaring omission of the house of cards and ponzi scheme the central bank has created over the last 35 years.
    At the rate of bond purchase our Federal Reserve will be adding 1.44 trillion dollars to the money supply every year AND have pledge to do more if necessary.
    The central bank balance sheet will continue to grow exponentially at the expense of the dollars value in order to continue propping up stock prices. Valuation are all being thrown out the window by the Fed’s “painting the tape” green. It gotten to the point that if our central bank ever tried to stop printing and propping up stock prices the whole stock market collapses. The Federal Reserve has become lender and buyer of fist. middle and last resort.

    The inevitable results is massive taxation via currency devaluation for the 80-85% of the population who hold insignificant amounts stocks or bonds. There is no such thing as a free lunch.”

  111. ExEssex says:

    When you teach you are as far from any corporate mindset as you can get.
    I worked for Fortune 100 and smaller firms for a dozen years before I taught.
    In some ways teaching made me a better parent. Those years have spent very nice
    and provided some stability on my side of the household that working for tech startups didn’t offer. I remember taking the last train home on more than a few nights from Penn Station. I love both lifestyles for what they are. When things are good in
    Either field you can go to sleep at night. I tell the kids that “some of the jobs you will have they haven’t even invented yet. Being honest, reliable, committed, and curious will be your best asset in the future.”

  112. The Great Pumpkin says:

    Some more porn for the blog. I think this keeps going till end of this decade, but sooner or later…

    “The authors have skimped on/glossed over some very important numbers. The Federal Reserve began to radically expand its balance sheet, a tally of financial assets owned, during the 2008 Financial Crisis, altering not just the size, but composition as well. In an unprecedented move, the Fed purchased long dated Treasuries and mortgage backed securities form Fannie Mae and Freddie Mac.

    Since Sept 2019 the Fed has been buying massive amounts of assets, adding $3.6 trillion, mostly Treasuries, to its balance sheet, continuing to purchase $20-100 billion more each week by virtue of its capacity to create fiat money at will, without bound. The balance sheet now stands at $7.4 trillion. It stood at approx. $900 in the beginning of 2008. That is a massive financial stimulus.

    These bonds purchases have displaced/liberated an equal amount of private capital which is now free to be invested in other assets, of any variety: stock, real estate, gold, Bitcoin, etc. The major central banks of the world have done the same thing. Can anyone say bubble? Bubbles are forming everywhere, all around the world.

    Reality can only be suspended for so long. Fundamentals sooner or later will assert themselves, in one way or another. In trying to cope with two worldwide financial crises the central banks have sown the seeds for something even worse, far worse.”

    “Absolutely correct analysis of what really has happened with regard to the massively distorted stock market (and housing market for that matter). In addition to the Fed’s employment of various flavors of Quantitative Easing over the past decade+ is the recent phenomenon of purchasing non-governmental debt including corporate bonds, junk bonds, and mortgage-backed securities. When the Fed embarked on a policy of normalization (slow increases to the Funds Rate and reduction of the bloated balance sheet) in 2016, it merely took a stock market tantrum in December of that year for them to completely reverse course. At that point, the Fed pretty clearly decided that support for the stock market superseded its responsibilities to maintain a stable and healthy economy. The recent we’ll-buy-any-sort-of-debt policy is a clear statement to companies, particularly those that are poorly-run, that the Fed has their back. Price discovery in the market (along with every other fundamental measure of financial health) no longer exists. It’s all about emotion and momentum now. Tesla being worth more than the four top car manufacturers combined is not rational but entirely feasible in this distorted environment. Market pull backs will be supported by Fed intervention and that’s why these otherwise healthy events are no longer occurring or are completely reversed in mere weeks. How long can this go on? Apparently, very, very long.”

  113. Juice Box says:

    Pump- Be very careful with that rabbit hole. “120 billion being printed every month is a glaring omission”.

    We aren’t the only ones that cannot pay for it, it’s much more globally we are all in it together. Perhaps 270 trillion debt globally to your children and grand, grand children..

    But if you look at things over a 100 years or so I guess it does not really matter we will all be dead when the bill comes due.

  114. ExEssex says:

    5:31 nearly everything is open here! No dine in. Only change.
    Provided you have the cash flow for carry out orders you can eat pretty well.
    We support the local Thai place, the outstanding Italian place, an awesome Indian place…we are still looking for decent pizza :(

    All the stores are open. Mask up, wash off, rinse & repeat.
    I think this thing is kicking tail right now though….sadly.

  115. The Great Pumpkin says:

    Juice,

    You are absolutely correct. Thanks for saving me from that rabbit hole. You know the game at play now, it’s bubble city. Momentum trade is the name of the game, just don’t get caught when it pops. Like you point out, the real judgment day will not be coming for a long time. The people that created will be dead.

    Make no doubt about it, if you are not in this market, you are losing. Aka most Americans.

  116. chicagofinance says:

    Dude….. don’t you get it? That is the 2020 “The Vision Thing”.

    Juice Box says:
    January 2, 2021 at 5:57 pm
    As Joe Biden said recently we are doomed if we don’t get along. I suspect he was talking about everyone.

  117. The Great Pumpkin says:

    Teaching should be an enjoyable experience, but unfortunately politics destroys whatever it touches. It doesn’t have to be this way, esp labeling poor schools as failing because they are not on par with rich students. And they dance around the only way to get these poor schools on par with the rich ones….money. Only way to really correct it is to get rid of poverty and all the problems associated with it. No one likes that idea, though.

    The poor today, are not the poor of yesterday. Back then, you could rise up easily. Today, takes a really ambitious individual to take that on. Most poor simply accept their life and have given up.

    ExEssex says:
    January 2, 2021 at 6:03 pm

  118. BRT says:

    Brainwashing isn’t new at all. But algorithms on facebook and other social media sites are. The people that programmed them didn’t expect that to happen. And it’s not just one way or another. Both right/left are brainwashed because the feed just keeps telling them what they want to hear.

    It doesn’t surprise me that all the Fox viewers ran to Newsmax. The second fox didn’t tell them what they wanted to hear, they hit one button on the remote and here’s someone that does. Well, with social media, you just have to scroll down for a half second and it happens automatically. They find it for you.

  119. Libturd says:

    Add MickeyD’s to your daily fukc up list. Gator’s making something fancy, so I picked up Cheeseburger Happy meal for the D. Cheeseburger is supposed to be plain. Had all the toppings and no straw for his chocolate milk. Whatever. No one can get a single thing correct anymore. I understand Pura Vida completely.

  120. 3b says:

    Juice: This will blow up a lot sooner than you think, and the Fed has no weapons left when it crashes. I was in the Bronx today house across the street from my Sister s is listed at 1,250,000.00! I told her to get hers on the market now, take the money and run. It’s going to be an ugly, ugly crash!

  121. No One says:

    If you believe a major religion or your own homebrewed version of it, you might be brainwashed. At least 95% of world population fits that profile.

  122. TraitorFatsoEddie StillAynRandConstipated says:

    Grim,

    I know you are an expert on outsourcing, but here is where the chickens come home to roost. We are going to have a Pearl Harbor, 9/11 exponential event. All will come back to all the outsourcing of manufacturing and technology. Again corporations are like horses, they must wear blinds that allow to see forward only and not get spooked and endanger themselves or the public.

    https://www.nytimes.com/2021/01/02/us/politics/russian-hacking-government.html

    Edited juicy chunks of story

    SolarWinds, the company that the hackers used as a conduit for their attacks, had a history of lackluster security for its products, making it an easy target, according to current and former employees and government investigators. Its chief executive, Kevin B. Thompson, who is leaving his job after 11 years, has sidestepped the question of whether his company should have detected the intrusion.

    Some of the compromised SolarWinds software was engineered in Eastern Europe, and American investigators are now examining whether the incursion originated there, where Russian intelligence operatives are deeply rooted.

    Interviews with current and former employees of SolarWinds suggest it was slow to make security a priority, even as its software was adopted by America’s premier cybersecurity company and federal agencies.

    Employees say that under Mr. Thompson, an accountant by training and a former chief financial officer, every part of the business was examined for cost savings and common security practices were eschewed because of their expense. His approach helped almost triple SolarWinds’ annual profit margins to more than $453 million in 2019 from $152 million in 2010.

    But some of those measures may have put the company and its customers at greater risk for attack. SolarWinds moved much of its engineering to satellite offices in the Czech Republic, Poland and Belarus, where engineers had broad access to the Orion network management software that Russia’s agents compromised.
    The company has said only that the manipulation of its software was the work of human hackers rather than of a computer program. It has not publicly addressed the possibility of an insider being involved in the breach.

    None of the SolarWinds customers contacted by The New York Times in recent weeks were aware they were reliant on software that was maintained in Eastern Europe. Many said they did not even know they were using SolarWinds software until recently.

  123. Juice box says:

    Re “lib “ Why do you morons give Pumps the time of day.”

    Reason? Otherwise echo chamber?

    I think at times Pumps adds value, sometimes more than you or me. Worse is the rest of social media and I have been at it for a long time. We have a contract of sorts. Imperfect yet it survives. Grim will pull plug when it is time, he does not monetize , perhaps his own desire for clarity, consider us all useless idiots.

  124. The Great Pumpkin says:

    No free lunch. The elites thought outsourcing would only hurt workers, now they are going to learn the hard way. Just hope they don’t take the entire country down on their selfish greed driven stupidity. Putting profits before everything else.

    “All will come back to all the outsourcing of manufacturing and technology.”

  125. The Great Pumpkin says:

    Lib,

    I ordered shake shack, ordered spicy cheese fries. Paid for that, but got spicy fries instead. I ordered it specifically because I had never tried the spicy cheese fries before, but of course they messed it up.

    It’s been happening a lot to me lately. I don’t eat that many meals in a day, I practice intermittent fasting. So it really pisses me off when I go to eat my food, and I don’t have what I ordered. It’s such an emotional letdown.

  126. BRT says:

    It could be the masks. I did a good amount of damage to my ears listening to loud music in my teens and 20s. I’ve had declining hearing for a while. Sometimes, I just pretend to understand what people are saying to me. It’s just easier. With the masks on, the people behind the counter have a hard time hearing someone who doesn’t speak loud enough.

  127. Phoenix says:

    “Juice: This will blow up a lot sooner than you think, and the Fed has no weapons left when it crashes. I was in the Bronx today house across the street from my Sister s is listed at 1,250,000.00! I told her to get hers on the market now, take the money and run. It’s going to be an ugly, ugly crash!”

    I endorse this message.

    “Make no doubt about it, if you are not in this market, you are losing. Aka most Americans.” If you don’t get your pension money out of this market in in time you will really learn what losing is. Unlike pumpy, whose pension is not tied to the stock market directly- just wait till that blows with it.

    I don’t think I can store enough popcorn for all of this. Well, better to die violent in a clash when all hell breaks loose compared to dying face down with a tube expelling Wuhan Wheeze microdroplets.

  128. Phoenixs says:

    “We are going to have a Pearl Harbor, 9/11 exponential event. All will come back to all the outsourcing of manufacturing and technology.”

    Slaughterbots are coming. Be patient. Closer to reality every day.

    https://youtu.be/vR91F3tp6eQ?t=2

  129. The Great Pumpkin says:

    Bitcoin is in pure bubble mania. Wow, just wow.

    I try to point out to the fanboys that the price is currently being supported by people that are not buying Bitcoin for its utility, but to make a quick buck. The point flies right over their head as they throw temper tantrums screaming “you don’t understand it.” No, I most certainly do.

  130. The Great Pumpkin says:

    I love price to earnings ratio of 100 or more, makes me want to buy more.

    Tesla is worth more than multiple giant car companies. Bitcoin has a bigger market cap than Berkshire Hathaway while producing nothing but blockchain. What a time to be alive.

  131. Phoenix says:

    Pumps,
    You would like anything that makes you money and that would require no physical effort on your part.
    Bet you would love to own a plantation with slaves as long as you pocketed the cash.

  132. Hold my beer says:

    Dallas and Tarrant counties set new one day covid records today and put up over 6,200 between the two of them. 11 people were found dead in their homes from covid too

    https://www.wfaa.com/mobile/article/news/health/coronavirus/covid-updates-january-2nd-dallas-fort-worth/287-18301191-d21b-4711-9349-69962ecddee2

    Denton added 610 new cases but no news from Collin. I think we hit 10,000 new cases a day around mid December. So many people do not wear masks properly

  133. Hold my beer says:

    1 out of every 600 residents of Tarrant county tested positive today.

  134. Phoenix says:

    HMB,

    Might be time to double fist and hold 2 beers.

  135. The Great Pumpkin says:

    We are the Renegades of Funk. Or, if you prefer The Jedi. Sometimes it feels like treating the valuation of equities as a SCIENCE, as it should be, is a lost art practiced by only a few of us. I try not to disrespect those who serve by using a military metaphor to describe something as prosaic as attempting to fairly value a company, but it does feel like a war sometimes.

    There is just an army of people on the American financial media that never use even a single mathematical idea to try and divine the value of a stock or, more broadly, the fair value of the stock market which is of course composed of individual stocks. Tune them out!

    If 2020 has taught us anything it is that most of the American media – and that most assuredly includes social media and its one-sided, Bradbury-esque censorship – is a completely useless. Ignore them!

    As we get to the end of 2020, I really have no idea what “they” are saying about the stock market entering 2021. I honestly don’t care. I will continue to hew to the motto of my firm: cash flow never lies.

    That’s where valuation is paramount. The 2020 stock market is filled with people using newfangled media methods to obfuscate and make excuses for companies that don’t produce cash flow in excess of the cost of capital needed to generate those returns. We are partying like it’s 1999.

    I actually lived through the Tech Bubble as a Wall Street analyst and the lesson is an easy one. Promises made through hip buzzwords to justify ridiculous valuations simply never came true.

    But, again, the numbers tell the story and not the other way around. Don’t forget that. Many use pets.com as an example of the excesses of the (first) tech Bubble. That company’s extraordinarily fast journey from start-up to public company to bankruptcy failure is well-documented. What most people miss, however, is that delivering pet supplies based on internet orders to far-flung customers is actually a very good idea. You think Lil’ Jeffy B up in Seattle never thought of that? Of course he did.

    But the reason Amazon (AMZN) succeeded where pets.com failed is a simple one: in delivery retail, scale is paramount. Large bags of dog food are really heavy and thus really expensive to ship. That’s what killed pets.com. Amazon obviously crossed that scale threshold in millions of different SKUs a decade ago, and so the company is able to earn attractive returns on its capital and keep its shareholders happy without benefit of receiving a dividend. Lil’ Jeffy B can take market share from just about anyone.

    But very few consumer products companies possess that scale. That is where electric cars and the Magical Mystery Tour that is Tesla’s (TSLA) stock price simply make no sense to me, a long-time car industry analyst. Tesla only generated positive cash flow last quarter because it accounts for its factory in Lingang China using an operating lease, not a direct capital expenditure. That is CFA Level I-stuff, and anybody should be able to see that. Amazon -another reference – offers supplement data to analysts that presents its facilities accounted for under operating leases as if they were bought and paid for. On that basis, AMZN STILL generates positive cash flow, but if Tesla did the same, their cash flow would have been negative last quarter, and probably would be forever.

    Focus! Pay attention to this stuff! It matters! Longer-term returns on capital (shareholder’s equity being the most obvious) are the sole driver for economic value creation. Apple (AAPL) does it incredibly well, as do Amazon, Microsoft (MSFT) and other tech titans. It’s not just an “old economy” fuddy-duddy thing. It’s actually the only thing.

    But when you try to tell me, and my cadre of data nerds – what I used to refer to as the Portfolio Guru Army, but, again, sorry for the military reference – that returns on capital don’t matter because of “disruption” or other such silly constructs, we tune you out. Feel free to overpay for Airbnb (ABNB) , DoorDash (DASH) and other hot IPOs. That worked really well in 2000, let’s see how it works out in 2021. Also, by all means, invest in assets like cryptocurrencies that – even after Bitcoin’s extraordinary run which has given it a larger market cap than Berkshire Hathaway (BRK.A) (BRK.B) – still have ZERO intrinsic value. I will not be joining you, and hopefully the other Renegades will pass, as well.

    I run two separate small businesses, and believe me when I tell you that I know the return on EVERY dime that I have invested in them. So does Buffett, I would think, even for an enterprise as diversified as Berkshire Hathaway. Cash flow never lies, but the stock market can, and for more than one day, week, or even year.

    Don’t get fooled again!

    https://realmoney.thestreet.com/investing/cash-flow-never-lies-15527565

  136. The Great Pumpkin says:

    We are the Renegades of Funk. Or, if you prefer The Jedi. Sometimes it feels like treating the valuation of equities as a SCIENCE, as it should be, is a lost art practiced by only a few of us. I try not to disrespect those who serve by using a military metaphor to describe something as prosaic as attempting to fairly value a company, but it does feel like a war sometimes.

    There is just an army of people on the American financial media that never use even a single mathematical idea to try and divine the value of a stock or, more broadly, the fair value of the stock market which is of course composed of individual stocks. Tune them out!

    If 2020 has taught us anything it is that most of the American media – and that most assuredly includes social media and its one-sided, Bradbury-esque censorship – is a completely useless. Ignore them!

    As we get to the end of 2020, I really have no idea what “they” are saying about the stock market entering 2021. I honestly don’t care. I will continue to hew to the motto of my firm: cash flow never lies.

    That’s where valuation is paramount. The 2020 stock market is filled with people using newfangled media methods to obfuscate and make excuses for companies that don’t produce cash flow in excess of the cost of capital needed to generate those returns. We are partying like it’s 1999.

    https://realmoney.thestreet.com/investing/cash-flow-never-lies-15527565

  137. The Great Pumpkin says:

    That’s where valuation is paramount. The 2020 stock market is filled with people using newfangled media methods to obfuscate and make excuses for companies that don’t produce cash flow in excess of the cost of capital needed to generate those returns. We are partying like it’s 1999.

    https://realmoney.thestreet.com/investing/cash-flow-never-lies-15527565

  138. The Great Pumpkin says:

    “I run two separate small businesses, and believe me when I tell you that I know the return on EVERY dime that I have invested in them. So does Buffett, I would think, even for an enterprise as diversified as Berkshire Hathaway. Cash flow never lies, but the stock market can, and for more than one day, week, or even year.

    Don’t get fooled again!”

  139. The Great Pumpkin says:

    But very few consumer products companies possess that scale. That is where electric cars and the Magical Mystery Tour that is Tesla’s (TSLA) stock price simply make no sense to me, a long-time car industry analyst. Tesla only generated positive cash flow last quarter because it accounts for its factory in Lingang China using an operating lease, not a direct capital expenditure. That is CFA Level I-stuff, and anybody should be able to see that. Amazon -another reference – offers supplement data to analysts that presents its facilities accounted for under operating leases as if they were bought and paid for. On that basis, AMZN STILL generates positive cash flow, but if Tesla did the same, their cash flow would have been negative last quarter, and probably would be forever.

    Focus! Pay attention to this stuff! It matters! Longer-term returns on capital (shareholder’s equity being the most obvious) are the sole driver for economic value creation. Apple (AAPL) does it incredibly well, as do Amazon, Microsoft (MSFT) and other tech titans. It’s not just an “old economy” fuddy-duddy thing. It’s actually the only thing.

    But when you try to tell me, and my cadre of data nerds – what I used to refer to as the Portfolio Guru Army, but, again, sorry for the military reference – that returns on capital don’t matter because of “disruption” or other such silly constructs, we tune you out. Feel free to overpay for Airbnb (ABNB) , DoorDash (DASH) and other hot IPOs. That worked really well in 2000, let’s see how it works out in 2021. Also, by all means, invest in assets like cryptocurrencies that – even after Bitcoin’s extraordinary run which has given it a larger market cap than Berkshire Hathaway (BRK.A) (BRK.B) – still have ZERO intrinsic value. I will not be joining you, and hopefully the other Renegades will pass, as well.

  140. ExEssex says:

    Official LA Co. numbers – New covid diagnosis every 6 seconds.

Comments are closed.