From the Star Ledger:
‘Now is the time’ for schools to reopen, Murphy says as pressure mounts
Gov. Phil Murphy urged more New Jersey schools to return to in-person learning Wednesday, just days after rallying parents placed blame for lingering closures squarely at the governor’s feet.
“Now is the time for all of our schools to meaningfully move forward with a return to in-person instruction, whether it be full-time or with a hybrid schedule,” Murphy said during his regular coronavirus briefing in Trenton.
The governor pointed to billions in federal funding headed to schools from the American Rescue Plan and said his administration is doing everything in its power “to get as many kids back safely and responsibly into a classroom.”
Murphy’s comments come as the number of students with the opportunity to attend classes in person continues to grow. The governor reported 142 school districts, serving 107,498 kids, are now providing full in-person instruction. Another 534 districts, representing 843,394 students, are operating under hybrid schedules.
However, 317,044 students across 98 districts remain in all-remote instruction a full year after most schools initially closed due to the coronavirus pandemic. Parent frustration in many of those communities has long since boiled over, leading to parent rallies, legal battles and even a police investigation into the suggestion of “physical violence” against those keeping schools closed.
friat
Can’t see the keyboard – too dark. This back to school stuff is going to get real interesting.
https://www.nj.com/coronavirus/2021/03/nj-ends-ban-on-interstate-outdoor-sports-due-to-covid.html
UST Ten 175
I gather there will be a war to reopen schools sooner or later, there are still 3 months left if this school year.
We have about 800 teachers in our system, however only 378 registrations for the vaccine. They have special access too, the Visiting Nurse Service is contracted to come in an administer the vaccine so no cattle call with the rest of the sheep still trying to get an appointment.
I am not sure if that number included all staff. But it is lower than it should be, the town announced registration back on February 23rd nearly a month ago.
We just went to 5 days but school closes at 1:00 still and the kids are home by 1:15 to do remote learning. The Board of Ed and most parents want to reopen full time with vaccinations and I suspect that the slow walk to register for the vaccine will continue.
I sensed yesterday that the Pumpkin Seagull was about to sh!t all over the blog. Grim did us a favor.
I gather there will be a war to reopen schools sooner or later, there are still 3 months left if this school year.
Districts that didn’t want to open have consistently had a strategy of dragging their feet. They purposely planned their openings around Thanksgiving knowing full well, most of the districts that opened right away were planning for possible Thanksgiving shutdowns. Then, they knew they could get away with preventive shutdowns post Christmas. They’ve pretty much gotten to April without opening. So now the strategy will be “say one thing”, while continuing to move in slow motion. They are running out the clock. Everyone will give up by mid May and just throw in the towel.
I gather there will be a war to reopen schools sooner or later, there are still 3 months left if this school year.
Districts that didn’t want to open have consistently had a strategy of dragging their feet. They purposely planned their openings around Thanksgiving knowing full well, most of the districts that opened right away were planning for possible Thanksgiving shutdowns. Then, they knew they could get away with preventive shutdowns post Christmas. They’ve pretty much gotten to April without opening. So now the strategy will be “say one thing”, while continuing to move in slow motion. They are running out the clock. Everyone will give up by mid May and just throw in the towel.
In fact, they don’t even need to get there. They’ll shutdown post Easter and post Spring Break and it’s basically a wrap. I called this whole fiasco in August the minute Trump said the kids need to be in school. It immediately became political and now the unions and in a lot of cases, the administrations continue to use it to their advantage.
$2.6 billion dollars are going to NJ public schools to reopen and yet they haven’t reopened. Meanwhile, private and Catholic schools have been open since September and they don’t get any of this money. Vote democrat.
It’s for the children… (gag)
Newark City School District $304,393,000
Paterson City School District $168,127,000
Jersey City School District $145,194,000
Lakewood Township School District $130,174,000
Camden City School District $106,115,000
Elizabeth City School District $75,617,000
Trenton City School District $73,181,000
Passaic City School District $67,338,000
Union City School District $49,357,000
Atlantic City School District $48,262,000
East Orange City School District $44,043,000
Irvington Township School District $39,005,000
Perth Amboy City School District $33,772,000
Vineland City School District $33,730,000
New Brunswick City School District $31,735,000
North Bergen Township School District $30,323,000
Bayonne City School District $30,144,000
Clifton City School District $28,891,000
West New York Town School District $28,720,000
Bridgeton City School District $27,226,000
Orange City Township School District $24,654,000
Plainfield City School District $24,044,000
Here is how the school bailout spending works, remember the law was written so they cannot lower taxes with this money.
60 Billion to Avoid Lay-offs.
14 Billion for additional Custodial Staff Members
3 Billion for additional Nurses
10 Billion for additional Counselors
50 Billion for Social Distancing – increasing instructional staffing levels by 10%
6 billion for PPE
7 Billion for wifi for poor families
3.5 Billion for barriers
And to top it off the money is for this year and next only. To keep the increased staffing levels they are going to have to increases taxes.
I wonder if I could have applied to a 2nd teaching job in those districts and doubled dipped because they WFH.
Ed,
You are extremely wealthy now. Look at 401K, look at home value. Why are you complaining about spending now? All hail Jerome ‘Oz’ Powell.
Fast,
You realize there are a ton of special needs children in urban schools? Do you realize the students are poor and have to be fed, along with a bunch of other services because their parents are absent?
So what’s the answer? Do we amend the constitution? Throw the kids to the side because they were born into poverty? What’s the answer?
“All kids living in the United States have the right to a free public education. And the Constitution requires that all kids be given equal educational opportunity no matter what their race, ethnic background, religion, or sex, or whether they are rich or poor, citizen or non-citizen.”
Clueless millennial jerkoffs…. and don’t misunderstand, they are accurately describing conditions, but fcuk off….
https://www.cnbc.com/2021/03/18/goldman-sachs-junior-bankers-complain-of-crushing-work-load-amid-spac-fueled-boom-in-wall-street-deals.html
I have been working full days, regular schedules since September. I have not been on a half day schedule. Seems like I have been doing more than you BRT.
I’m sick of education being used as political battle ground. That’s why they created tenure in the first place. Now it’s back to the same ol nonsense…it’s nothing more than a partisan issue. If you are republican, chances are, you attack education at all levels. You claim colleges are indoctrination institutions, and attack public schools because they have unions. Get a life. This is a terrible way to treat education.
BRT hates his own profession because he fell so far down the rabbit hole. Dude thinks the Union is hurting him. Dude embraces climate change for God’s sake as something good for the future of the planet.
It’s raining … thanks, Biden.
Bystander,
Bloated cows with bloated, six-digit salaries fueled by property taxes entitles any and all of us to abuse them as we see fit.
It’s raining … thanks, Biden.
LOL!!
I’m glad parents are out there fighting for in person education. What’s not cool, not respecting the teachers fear of going in. Do you know how dirty some of these schools are? If I was in my 50’s and not that healthy, I would not want to go in and risk my life. The schools are asked to meet certain guidelines by the union, if the schools can’t meet them, what is the problem? Why force people into unsafe conditions? Of course, no one gives a sh!t about anyone but themselves, which is why teachers smartly formed unions to protect themselves from the wolves amongst us.
juice: You like Debbie Harry? She basically lives right where the Navy road hits Front Street.
Do you know how dirty some of these schools are?
Thank you for admitting the $2,600,000,000 will go into the pockets of useless administrators, contractors, orators, wannabee and layabouts.
Sure who does not like Blondie, house you speak of is on shadow lake across from the retirement community. She is 75 years old now. Time does fly…
Fast,
All those people have nothing to do with the teacher or their union, yet why do we get blamed for it? We are always the scapegoats. The high taxes are because of the teachers…
It is what it is. I gave up fighting this, but here I am doing it now. I have to stop. As a teacher, I have to accept that we will always be scapegoats as public enemy no 1. It is what it is.
So Tesla is involved in another serious accident, presumably due to driver inattention. So much for Level 2 autonomous driving:
https://www.marketwatch.com/story/tesla-on-autopilot-drives-into-patrol-car-in-michigan-police-say-01616029990
If you teach for a long time in NJ public schools
you can do very well – you just have to teach a long time in New Jersey.
10:31 you know where the $$$$ ain’t going Eddie??
Pedo priests.
I’m glad parents are out there fighting for in person education. What’s not cool, not respecting the teachers fear of going in. Do you know how dirty some of these schools are? If I was in my 50’s and not that healthy, I would not want to go in and risk my life. The schools are asked to meet certain guidelines by the union, if the schools can’t meet them, what is the problem? Why force people into unsafe conditions? Of course, no one gives a sh!t about anyone but themselves, which is why teachers smartly formed unions to protect themselves from the wolves amongst us.
They can take a leave of absence. Why do they get to hold up the entire school system?
Chi – re: “millennial jerkoffs”
My understanding is the partners were getting complaints from clients etc, so they are now staffing up as the article describes. Seems that they want Solomon gone too, a bit of a mini-revolt against the boomers running the place seems the wealth is not being equitably distributed as I also heard comp was kept flat too as a form of perhaps punishment for not sucking it up and going into the office to actually work 100 hours instead of complaining about it on social media.
Just put yourself in their shoes, brt. I was never afraid of this virus. My wife was terrified. Who am I to push my sense of security on to my wife? Same applies to these teachers..
BTW, get my first vaccine dose today. Yesssss..
ExEssex – there is no shortage of pedo public school teachers.
Chi,
are they even millennials? They might be Gen Z. From what I’ve seen, Gen Z is going to be partitioned into different groups. Starting 6 years ago, for 3 years, I saw the most fragile and lazy group of students that I’ve ever encountered. Fortunately, 3 years ago, I didn’t see the same characteristics the past 3 years so it appears to be shifting. But those kids right now are 1st and 2nd years into the workforce.
But yeah, seriously, wtf. When I was 22 in grad school, we worked 80 hour weeks, and went out drinking every night. And we were paid slave wages, unlike GS workers.
Unions kick ass ! You slobs just shut up and pay your taxes.
Pumps – Congrats on the vaccine, you get to cut the line you know. The governor has seen fit in an election year to make sure the young healthy 25 year old teacher is vaccinated by a special program yet the elderly and those with actual heath conditions have to play the vaccine hunger games every day to get an appointment.
Juice,
When I was at the megasite in Rockaway, there was an 85 year old guy who brought his wife in a wheelchair for a scheduled appointment. He was asking them what he should do because his kids were trying to sign him up and they kept rejecting him for having too common of a name. Common sense would just say, he’s 85, give him the shot. Didn’t happen. And this is a site storing thousands of a doses a day.
Yea, I don’t understand why it isn’t done by age. First time in my life, old people being denied privilege by age. Right at the most important time too. Do they want people to get this and die?
CA teachers teach s3xual indoctrination lessons to young children. They are a pedophile best friend.
11:25 shutUp stupid.
Donald Trump and Jeffrey Epstein. Besties.
https://www.instagram.com/p/B7Gz1t8gW1e/?utm_source=ig_embed
Any questions?
Pony up taxpayer.
https://www.dailymail.co.uk/news/article-9375859/New-Jersey-district-pays-325K-Trump-yearbook-censorship.html
Phoenix,
Blame partisan politics. People are their own worst enemy when it comes to politics. Best part, the school was doing that kid a favor. He does not want to be seen with a trump t shirt 20- 30 years from now…might cost him his job. His parents need to do a better job of keeping politics away from their teenage son. Now the taxpayer gets screwed and lawyers make out.
“Parsons claimed she voted for Trump in 2016 but did as she was told anyway.
When the yearbook was released and anger erupted over the incident, Parsons said she was made a scapegoat by the district and received death threats by phone and mail.”
All these threats to this poor teacher because people automatically assumed she is anti-trump because that’s the false narratives partisan politics create.
lol Phoenix, that’s my old high school. That place has been a slow motion train wreck for 20 years. Fun fact, my old principal there, James Habel, is currently in jail for all kinds of fraud related to his “unused sick days” that he faked when he became superintendent. He basically ran that place like a criminal enterprise. When I graduated, he magically promoted all of these people that were in their mid twenties to all the VP positions and they all took the principal positions by age 30. He installed a whole network of cronies, including the current principal. They are still reeling from that. The guy that they replaced him with realized what a clusterf*ck he got himself into and quickly moved on.
The article says it’s the teacher who’s getting paid because the secretary of the principal had her edit the shirt. I know the principal there. She was my English teacher. She was literally a 10 and all the boys were mesmerized by her. Probably would have been the last person I would have ever predicted to become principal but literally when they gave her the job at the board meeting, the super (same guy in jail) cited her looks as a qualification. She was a nice woman though so I don’t want to badmouth her. But yeah, clearly stupid move to edit the picture.
11:44 Eddie do you still crave Mushroom…?
https://www.vanityfair.com/news/2021/01/jeffrey-epstein-and-donald-trump-epic-bromance
Crushed,
Thanks for your comments on housing. Had not thought about those. Still don’t understand how the country can support this amount of debt and interest rates creeping up… If government intervened as you suggest, the high rates make such programs even more expensive.
Howard Marks memo from yesterday a good read:
https://www.oaktreecapital.com/docs/default-source/memos/2020inreview.pdf
PS
Kroger automated warehouse 3.5.21
The $55 million, 335,000-square-foot customer fulfillment center features digital and robotic capabilities that allow Kroger to assemble an order of approximately 50 items in six minutes with robotics instead of approximately 30 to 45 minutes with a Kroger employee picking them up from various areas of the store.
19 more of these warehouses coming.
PPS – old news but $213 / sq ft. Partial cure for skyrocketing housing prices.
https://www.archpaper.com/2021/02/3d-printed-home-on-long-islands-north-shore-hits-the-market/
Nomad,
Don’t forget the cost of materials is going through the roof for housing. I just can’t see prices falling. Housing is the one sure thing we all need and there is a finite amount in the most desirable locations.
Look at Toronto….how long have they been saying it will bust. It just keeps firing back. It blew up again…
https://toronto.ctvnews.ca/this-toronto-bungalow-just-sold-for-461-000-over-asking-here-s-why-it-isn-t-surprising-to-one-real-estate-agent-1.5350964
https://www.ctvnews.ca/business/canada-s-soaring-home-prices-now-a-small-town-issue-rbc-economist-1.5350953
“It’s for the children… (gag)…
Newark City School District $304,393,000…
Plainfield City School District $24,044,000”
Modern liberalism is truly a mental disorder….in what other universe do the most mediocre at a task become the most richly rewarded?
“Clueless millennial jerkoffs…. and don’t misunderstand, they are accurately describing conditions, but fcuk off….”
LOL, bunch of whiners.
First words stated in the first meeting on the first day of my analyst class….Senior banker walks into a room of 22 year olds who most likely have never wanted for anything nor ever been beneath the 95 percentile in their lives…..
“Look left. Look right. Only one you will be here in a year.”
And we were by no means Goldman……
You have been given Wonka’s golden ticket for life. STFU and work at least as hard as a coal miner for it.
BRT hates his own profession because he fell so far down the rabbit hole. Dude thinks the Union is hurting him. Dude embraces climate change for God’s sake as something good for the future of the planet.
Just shut up. You’re an idiot.
“Should retirees invest in ARK portfolios? It depends on the income needs of the retiree. It is that simple. Now KW right about technology and more importantly is she right about the firms that make up her portfolios? ARK is essentially a later stage VC fund that raised money in the public markets. Her portfolios are not diversified which is intentional. Now all she needs is several of the firms in her portfolios to be HUGE WINNERS for investors to do well. Same mind set as VCs. KW is right about her tech bets but may not be right about the firms she selected. If she gets the firms right, the chances of investors making out are high. Keep in mind that disruptive technologies in of themselves are not game changers. However, if the value from disruption can be captured by the disrupter, then one has a winner. The bet on KW is that she can identify disrupters that can capture the value of the disruption. Example: Amazon”
Is that price including the lot? I wonder what the $/sqft is for just the structure.
Nomad says:
March 18, 2021 at 12:28 pm
PPS – old news but $213 / sq ft. Partial cure for skyrocketing housing prices.
https://www.archpaper.com/2021/02/3d-printed-home-on-long-islands-north-shore-hits-the-market/
“complaints from clients”….. I could go on quite a bit, but bottom line, you miss the window in the market and those clients will be voting with their feet, or worse, lawyering up….. such comments while ostensibly well intentioned are completely empty, if not purposely misleading…..
Juice Box says:
March 18, 2021 at 10:45 am
Chi – re: “millennial jerkoffs”
My understanding is the partners were getting complaints from clients etc, so they are now staffing up as the article describes.
Is this Pumkin’s first comment on ARK?
Actually the last bust was in 2008.
The Great Pumpkin says:
January 4, 2021 at 9:01 am
My two cents. This generation of investor has never experienced a real bust (last one in 1999). This is an emotional driven bubble based on an addiction to the rush of quick money.
Most people invested in crypto do not even know what it is, nor do they care. They only care that they can sell for more. Fiat money being used to buy Bitcoin, then sell the Bitcoin for more fiat. It makes absolutely no sense.
At the end of the day, modern economies can run on fixed currency, they need fiat. Otherwise, suffer massive busts that could lead to major revolutions that send us back centuries.
njtownhomer says:
January 4, 2021 at 12:37 am
i am long major crypto’s. BTC/ETH/LTC/DOT. The so’called intrinsic value is the consensus and generational divide. Also so much money thrown at, even institutions are in it now. nothing like 2017. What is the intrinsic value of TSLA btw, or anything ARK holds?
I mentioned two houses, expanded ranches, a couple days back that would be market benchmarks….one off market in less than a week, multiple offers, winning 10% above ask…
Since 2019 knockdowns have moved to $1.0m plus, and the high end new construction is back with sales above $3.0….Those were the high water marks last time….factor in general wage inflation since then, stronger stock portfolios, and a bunch of wealth transfer over the last decade and the two numbers aren’t directly comparable but on Lib’s “sell in the range” philosophy of pricing we’re nearing the range where going long is going to take a number of years to bail out buyers down the road…
Chi- you need good people, good technology, and a good strategy for ensuring best execution to stand out today. Those complaints are real, and have been talked about publicly for a while now,for example the CEO is an anti- Vaccine, and Anti-crypto and Anti-WFH. You can bet Morgan Stanley is vying for their business and people with their
latest crypto move.
I know corporate para legals that regularly put in 80 to 100 hours a week, and more . And they don’t get anywhere near what theses Goldman crybabies get. They worked their butts off in my day there too.
Fortunately, I was in muni sales and trading, and our day went from 7:30 to 5:00. Intense days, but at least done at 5:00 P.M. unless there were dinners and other socializing that was part of the job. And there were a lot of those!!
“Is this Pumkin’s first comment on ARK?”
Nawww, IIRC he almost exactly top ticked it, buying near absolute high sometime in mid-Feb. Dumbass.
Left
Know someone in Paramus, builder bought the houses on either side. Complete knock down for both, dropped a modular basement foundation and add two levels. 1000 sq/ft house turned onto 6,000sq ft on a postage stamp lot. Each sold for over 1m.
You live and you learn. Said multiple times that I was wrong about Bitcoin. That’s why I stopped fighting it and took on ark strategy. Being wrong about Bitcoin and Tesla cost me a lot of money. Now I just pay Ark to do it. She is smarter than me when it comes to disruptive trend game.
I still stand by fiat currency statement in that post. It’s clear as day now that Bitcoin is not a currency.
No One says:
March 18, 2021 at 2:19 pm
Is this Pumkin’s first comment on ARK?
Actually the last bust was in 2008.
Rand Paul getting scorched now for calling out Fauci on why people need to wear masks once you have immunity either from the vaccine or recovering naturally. He is right it”s theater. If you have immunity from Covid you should not be forced to wear a mask. Removal of masks should be a reward for getting the vaccine.
And 2020 was a major bust. It happened so fast that most don’t realize it. A lot of people didn’t panic, let it fall, and bought the dip. Different type of investor today.
No One says:
March 18, 2021 at 2:19 pm
Is this Pumkin’s first comment on ARK?
Actually the last bust was in 2008
https://www.cdc.gov/mmwr/volumes/70/wr/pdfs/mm7010e3-H.pdf
Association of State-Issued Mask Mandates and Allowing On-Premises
Restaurant Dining with County-Level COVID-19 Case and Death Growth Rates —
United States, March 1–December 31, 2020
I just want to point out that for every Amazon, there are about 50 stocks like JDS Uniphase, Nortel, Ariba, etc. During the 99/2000 tech bubble, I remember more people loving JDSU as much or more than then mainstreamAMZN.
Here’s an example of what influential people were recommending in the year 2000, and how that worked out:
https://seekingalpha.com/article/3274635-are-todays-billion-dollar-unicorns-comparable-to-jim-cramers-year-2000-new-world-winners
Now people claim that all their stocks are going to work out in the long run like AMZN. It doesn’t work that way. Lots of bias in peoples’ recollections.
Tax filing deadline extended to May 15.
Good point Trick…makes me also think….
Quality of our builders and properties have taken a bit of a counterintuitive turn…pre-COVID we had what you described, people subdividing a lot for two new houses, in my area that usually meant properties on county roads (few existing double lots in neighborhoods). Also, many fly-by-night ‘builders’ instead of the normal six +/- groups in town….you know, the guys with Ace Hardware red/black for sale signs and out of county area codes to contact….Fewer of those now, guessing the rapid rise in materials costs and shortage of subs have shaken some of them out.
Haven’t done a deep dive into data, but the spread between the knockdown purchase price and finished product ask seems to be solidly in the 1.6m-1.7m range….decent range to build within and profit but not a lot of room, especially if there is any real hardscaping needed and with the material prices….can’t imagine the craziness that must be out there for subs as well….last time I put up one of these in a similar market we got jammed up by our mason….no-show……absolutely nowhere to turn, we drove around other job sites. Pinched a guy off another job convincing him to push back his next scheduled job….dude himself was from outside Baltimore, up here to make bank staying in some distant Motel 8 or something….we gave good $$$$ and told him to drop a mattress in another house we had scheduled to go, provided he would do that one too, lol. Damn good work. Fcuking A, feeling like it’s getting that way again out there…….
Rand Paul getting scorched now for calling out Fauci on why people need to wear masks once you have immunity either from the vaccine or recovering naturally. He is right it”s theater. If you have immunity from Covid you should not be forced to wear a mask. Removal of masks should be a reward for getting the vaccine.
Fauci officially jumped the shark once Trump was gone and amped up his political game. His track record has been pretty awful in terms of flip flopping, saying this was nothing to be concerned about in Feb., along with his undermining of any potential antiviral treatments.
The friggin CDC said you can now congregate with other vaccinated people indoors without masks. 97% effective for mRNA after the second dose. Two people congregating indoors, there would be a 3% chance one of them is not immune. That means there would be a .09% chance they could potentially transmit between each other. The odds of you actually transmitting would fall even farther down because you can’t assume they would transmit if they could.
If one person is mRNA vaccinated and the other person is J&J vaccinated, that probability goes up to about .9%
If two people only had one mRNA shot, it’s 2.2%
If two people had the J&J shot, it’s 2.5%
I’m back to cloth mask now that I’m two shots in. I’ll still wear it just to appease people and not draw attention to myself. But it’s no longer important for people vaccinated.
You could make the greater good argument that those 3% who didn’t gain immunity from it can still transmit, and wearing a mask could reduce that 3% to something smaller…but I’m not going to count pennies on the dollar when our entire nation refuses to even consider a solution that saves us quarters.
1 shot for everyone would have been much more effective and reduce transmission much quicker. If you wanted to be “smart”, 2 shots for anyone over 65, 1 shot for everyone else, fill in the 2nd over the summer.
You live and you learn. Said multiple times that I was wrong about Bitcoin. That’s why I stopped fighting it and took on ark strategy. Being wrong about Bitcoin and Tesla cost me a lot of money. Now I just pay Ark to do it. She is smarter than me when it comes to disruptive trend game.
I still stand by fiat currency statement in that post. It’s clear as day now that Bitcoin is not a currency.
Congrats, now you are on the right side of bitcoin, down 30% while Bitcoin doubled.
Question: If someone is vaccinated, they have little to no chance of transmitting the virus to someone who isn’t vaccinated? Is that the deal?
“Now people claim that all their stocks are going to work out in the long run like AMZN. It doesn’t work that way. Lots of bias in peoples’ recollections.”
Not to mention that for, what, seven years in the early aughts even AMZN was dead money, halving and only getting back to par around 2007……..
“…97% effective for mRNA after the second dose…3% chance one of them is not immune…a .09% chance they could potentially transmit between each other…goes up to about .9%…If two people only had one mRNA shot, it’s 2.2%”, etc. etc.
BRT, nice writeup. But it’s not about the science. Never has been.
You’ve been around long enough, c’mon. When a politician says “look here” reality is exactly the opposite….it’s bad sleight of hand similar to a third rate magician to distract you from another agenda….
Like when a liberal politician uses the term “fair”….if you are a federal taxpayer, grab your wallet, zip it into your jacket, and run fast and far….there will nothing ‘fair’ about what he is proposing to do….
Yeah, but typically, when it’s not about the science, it’s because they want to take a few hundred billion dollars from the taxes you pay to subsidize their private solar investments.
At this point, they just want you to wear masks forever because they told you to do something and you actually did it for once. Notice how quickly the “you must wear two masks” nonsense disappeared. I think those that have not been vaccinated should definitely protect themselves. In fact, they sell 50 packs of 3M N95s in home depot again. Once you get your injection, who the heck cares anymore?
I said this before, there is a critical number we must cross before people get fed up. I think once 51% of the people are vaccinated, this starts to turn. There have been a small subset of people who have loved every minute of this pandemic. It’s given them purpose and the moral authority to tell everyone what to do. Sooner or later, everyone is going to to tell to shut up.
Funny how Cuomo is now opening everything up, they should have start this investigation months ago. When he told restaurants they had to close even though the data showed it was not spreading in restaurants.
It’s a long term investment. Why do you need it fly every year? All that matters is long term when you cash out. A lot of people don’t have the stomach for disruptive trends and should stay out of it. Cathie was buying Amazon at 10 dollars . She was buying Tesla. She was buying square. I can go on and on. That’s not luck, that’s skill. I don’t know anyone as good at her when it comes to investing long term into disruptive trends.
leftwing says:
March 18, 2021 at 3:46 pm
“Now people claim that all their stocks are going to work out in the long run like AMZN. It doesn’t work that way. Lots of bias in peoples’ recollections.”
Not to mention that for, what, seven years in the early aughts even AMZN was dead money, halving and only getting back to par around 2007……..
In an age where most people trade short term as opposed to picking stocks long term, my hat goes off to Cathie Woods. In an era where stock picking is dead, she absolutely destroyed it.
Waited to raise her kids and then went for her dream of starting a fund with her own money based on innovation. Hats off.
And stop comparing her to the past…there has never been anything like her funds before. She changed the game and opened up investing in innovation for the longterm to regular guys like me.
She has connected innovative companies in need of capital to people like me.
Hat’s off to pumps. He told us all to invest in the best performing fund for the past 4 years right before it imploded. Nice call!
Yes, because she has demonstrated that she is a one trick pony at picking innovative trends. She’s been doing it for how long?
“She has connected innovative companies in need of capital to people like me.”
That’s not how equity works.
Trust the financial advisor who daylights as high school teacher.
https://www.bostonglobe.com/2021/03/18/marijuana/marijuana-infused-ice-cream-is-coming-dispensary-near-you-just-time-summer/
It’s not how it works, but yes they are going to need a lot more capital after they burn through it all.
ex-ante 2020….. rank order active investment managers by sector and projected risk
ex-post ….. review the person who picked the correct sectors and simply took the greatest risk….. whoever was at the top of list was lucky…. something tells me that person is Cathie Wood. Someone has to win the lottery……
The Great Pumpkin says:
March 18, 2021 at 4:20 pm
It’s a long term investment. Why do you need it fly every year? All that matters is long term when you cash out. A lot of people don’t have the stomach for disruptive trends and should stay out of it. Cathie was buying Amazon at 10 dollars . She was buying Tesla. She was buying square. I can go on and on. That’s not luck, that’s skill. I don’t know anyone as good at her when it comes to investing long term into disruptive trends.
Fabs I think had a good twitter link a week or so ago. Click through and you got a bunch of comparisons between ARKK and NDX…one was a nice Bloomberg graph showing ARKK was effectively a 3x levered NDX return, up and down…..
As I said to the empty gourd initially, know what you own….ARKK in drag can come in many colors…3x NDX, inverse 10Y yield…..manager platitudes aren’t hedges…..
I disagree with Grim, for Tesla they would have gone under without the additional capital raised via stock, they did two last year. Without that new money they would have gone under a while ago.
Judge Box? is that a female lawyer?
Anyway: living through August 2008 to March 2009 taught me a hell of a lot of stuff about risk and correlation.
Stu: I ended up purchasing a license to that college planning service. If you need info, feel to request it. I should get the physical materials within a week. I do better with hardcopy as I like to wander. Anyone else if free to ask questions.
It appears to be a ton of stuff. I am not going to actively work this channel until 2022, so I am giving myself 12 months to get up to speed. I should be locked an loaded for summer 2022.
Auto correct while typing on my phone in a Red Bank parking lot, not a bad name for a TV Judge perhaps… The restaurants are jumping tonight, even the Governor’s hangout Nicholas Barrel & Roost parking lot was full.
BRT,
I saw some Dem politician laud Fauci as “The Tiger Woods” of coronavirus expertise, criticizing anyone thinking they can second-guess his declarations. Fauci is really more like the Tiger Woods of driving cars. Runs off the road and has no memory of doing so.
BRT,
I saw this story and thought of you.
https://fee.org/articles/how-a-teacher-went-from-making-60k-a-year-to-336k-and-was-able-to-quit-his-job/?utm_source=zapier
Ah so wonderful to have a quietly competent administration.
No drama. Love it.
Essex – Sleepy Joe just raised us the DEFCON 2
If you’ve enjoyed the tyrrany of experts for COVID-19, you’re going to love them ruling your life based on the “climate crisis”, “race crisis” and the subsequent economic crisis they helped create.
No sh!t, Sherlock.
“Google to Invest $7 Billion in Bet on Post-Pandemic Office
Tech giant says ‘coming together’ is core to its culture in announcing U.S. investment
Google says it is doubling down on the office.”
https://www.wsj.com/articles/google-invests-7-billion-across-u-s-as-it-bets-on-the-post-pandemic-office-11616069081?st=6hnwtz38h5vw9v3&reflink=article_copyURL_share
8:19 not “us” the military. Dem guys need exercise.
Nailed it!!!
The Pandemic Ignited a Housing Boom—but It’s Different From the Last One
Residential home sales are hitting peaks last seen in 2006, just before the bubble burst, but this time mortgages are stricter, down payments are higher, and a tight supply is supporting prices-wsj
https://apple.news/AnarG386ITtWslBazJOGOzA
Boo-ya!!! I nailed it. From the same wsj article. Demographics..
“Market watchers also say that a number of longer-term trends are at play that should keep the housing market hot, or at least steady, even after Covid-19-related demand fades.
Millennials, the largest living adult generation, continue to age into their prime homebuying years and plunk down savings for homes. At the same time, the market is critically undersupplied. New-home construction hasn’t kept up with household demand, and homeowners are holding on to their houses longer. Buyers are competing fiercely for a limited number of homes.”
Now, he said, housing demand in the Boston suburbs is stronger than he has ever seen. Lamacchia Realty reached $1 billion in sales last year for the first time. Buyers have higher credit ratings these days. They are flusher and are putting down more cash up front.
“On $1 million purchases, people are putting down $500,000,” he said. “You didn’t see that before.”
In 2020, sales of previously owned U.S. homes surged to their highest level in 14 years, and many economists forecast sales to rise again this year.
In the mid-2000s, loose mortgage-lending standards enabled borrowers with poor credit histories to purchase homes beyond their means, sometimes with mortgages that required low payments in the early years of the loan. Too much new construction led to an oversupply of houses. Financial firms packaged these risky mortgages as securities and sold them to investors. When more homeowners started defaulting on their mortgages, lenders suffered large losses and the entire financial system froze up.
Many homeowners paid a big price. Between 2006 and 2014, about 9.3 million households went through foreclosure, gave up their home to a lender or sold in a distressed sale, according to a 2015 estimate from the National Association of Realtors.
The current housing boom is far more stable than the last one and poses fewer systemic risks, economists say. A downside: There are more barriers to entry, and it’s more difficult for buyers who aren’t already homeowners to make that first purchase.
Like I said a few weeks ago…real estate is the new luxury item. It’s returning to the mean in history, where the wealthy class owned it all. You don’t want to buy, fine, we will rent you a single family asset for a sleight profit.
Barrier to entry becomes tougher by the day…
The ownership % is only going to become more concentrated.
dude get a clue ownership does not entail 80% of the home owned and backed by the banks and the government including your rental.You are still getting fleeced by the landscaper for rent. Wait until they wreck the place on social media along with the other 300,000 dead beats in NJ.
I do my own landscaping. I also do my mother-in-law’s rental nearby. Save her some money on something I enjoy doing.
Juice, being a landlord is a great long term investment. Tough at first, but after a decade or two, it’s all gravy.
These companies buying single family homes now, will only do better when the inflation rate rises and makes debt easier to pay with rising rents. Owning by the middle class was an anomaly in history, it will go back to the wealthy owning it all. Just give it some time. They will own the majority of desirable real estate.
Just look at any really nice town in north jersey, nyc, or the nj coast….where can a regular buy? They have been pushed out. They bought it all up.
Imagine if there was no pandemic…I called this. Roaring 20’s 2.0 driven by the huge demand of housing which translates to the rest of the economy.
“It’s the hottest market I’ve ever seen,” said Sean Chandler, president of the central Texas division at home builder Chesmar Homes. “The buyers that come in are like, ‘I just want a home. I don’t care at this point what it costs.’ ”
Should have listened when I said to buy last decade…
Didn’t know how good you had it…crying it was expensive when it was dirt cheap combined with dirt cheap loan rates at 30 yr terms. Hope you ate it up.
However, it said there was no indication China attempted to interfere in the election, despite Mr Trump and his administration’s insistence that the country had meddled.
“The lying and politicisation of intel was just breathtakingly dangerous,” Scarborough said. “You have Bill Barr, [National Security Adviser Robert] O’Brien and [Director of National Intelligence John] Ratcliffe who all lied and said – this is Ratcliffe pre-election, quote – ‘China is using a massive and sophisticated influence campaign.’ He knew that was a lie, O’Brien knew that was a lie. Barr said, ‘Oh, I looked at the intelligence,’ and he lied through his teeth.”
https://www.independent.co.uk/news/world/americas/us-politics/morning-joe-bill-barr-china-election-b1819293.html
BRT,
I saw some Dem politician laud Fauci as “The Tiger Woods” of coronavirus expertise, criticizing anyone thinking they can second-guess his declarations. Fauci is really more like the Tiger Woods of driving cars. Runs off the road and has no memory of doing so.
Where was Fauci’s “caution” when Dem politicians all lock in step thought it was a good idea to send viral vectors right into nursing homes? We are such a clown show. If you saw Singapore’s Prime Minister when this was just getting started, you heard him elaborate the risks, dangers, and how they plan to deal with it. They carried it out as good as anyone could have. We can’t even have discussion, let alone a plan.
No One says:
March 18, 2021 at 7:52 pm
BRT,
I saw this story and thought of you.
https://fee.org/articles/how-a-teacher-went-from-making-60k-a-year-to-336k-and-was-able-to-quit-his-job/?utm_source=zapier
I wish that were me. He made the smart move, betting on himself. Impressive that he’s pulling that much in. But yes, he and I were essentially in the same position. At age 33, I ran through the math and concluded I cannot retire with my job at the time. I was ready to leave and just do something on my own…anything. That actually gave me a lot more bargaining power because I just didn’t care. I tell you this though, covid really destroyed my tutoring business. With teachers not really grading much, there’s a lot less people looking for me to tutor advanced classes. I know that elementary tutoring is through the roof. I don’t mind the break though, it wasn’t normal for me to basically go from 6:45 am to 9:45 pm, get home, sleep, rinse, repeat. Besides, Joe just deposit 6k in my account.
Someone else predicted wage inflation a while back
The Great Pumpkin says:
March 18, 2021 at 9:35 pm
These companies buying single family homes now, will only do better when the inflation rate rises and makes debt easier to pay with rising rents.
$1m ….$13k taxes…..sure it’s in Kentucky but Cincinnati is right around the corner:
https://www.zillow.com/homedetails/920-Squire-Oaks-Dr-Villa-Hills-KY-41017/1406461_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
Why doesn’t NJ report vaccination % of each age group?
Not the percentage breakdown of vaccine distributed by age group, which really doesn’t make much sense.
50-64 – 1.7m pop – 589k 1st doses – 35% Vaccinated
65-79 – 813k pop – 676k 1st doses – 83% Vaccinated
80+ – 329k pop – 240k 1st doses – 73% Vaccinated
FDA needs to approve the AZ vaccine in a show of confidence to the world.
Grim. You need to shut the comments down now in a show of mercy to us.
Fauci is a bureaucrat. By nature devoid of leadership qualities. At best he is worthless.
He also knows more about what was going on in the Wuhan lab than he cares to share. NIH under him was funding studies there.
Isn’t that funny when a government cover up is suspected people with conflicts of interest get recycled. Let’s not forget will bar being recalled from the pasture when Epstein was charged. He and Epstein went way back.
Left and the propaganda industry new narrative is that there is a wave of anti Asian crime out there.
Ok, by who. I see anti Asian discrimination at all levels by the left. They hate them for breaking the narrative of white only systemic racism.
I guess this is the propaganda attempt to control that narrative.
Biden’s kind is shot. Completely fine. Amendment 25 him and bring on Kamala. He fvcked up once again and referred to her as president yesterday. Her radical cohort is calling the shots anyway.
Looks like someone is out of meds
$10B coming to N.J. from new stimulus package.
The only restrictions on the aid will be that the money cannot be used to shore up pension plans or cut taxes, they can spend it on almost anything.
IS there any rhyme or reason to this? My town population is 65,000 we are getting $6.6 million while Hoboken a “city” of 53,000 is getting $27 million 4 times as much aid.
Examples
Town/City County Amount
Wayne Passaic $4,899,141
Paramus Bergen $2,579,971
Middletown Monmouth $6,617,740
Camden Camden $63,284,330
Newark Essex $182,647,352
Jersey City Hudson $145,818,453
Hoboken Hudson $27,201,023
WAYNE, NJ — In its new rankings of public schools nationwide, U.S. News & World Report named New Jersey as the state with the country’s top education system, as well as number one in pre-school enrollment. Wayne Township has a reputation for its great school system and has helped New Jersey achieve this top ranking.
“Investments in our students are investments in the future of our state, and I am incredibly proud that our schools have been ranked number one in the nation,” Gov. Phil Murphy said. “Today’s recognition by U.S. News & World Report proves that students across New Jersey—starting with our youngest learners—are given the opportunity to achieve long-term success. I would also like to thank the educators who work tirelessly to make sure that our students receive the best possible education.”
In 2020, U.S. News & World Report ranked New Jersey’s schools at number two, behind Massachusetts. In both 2019 and 2020, Education Week ranked New Jersey’s schools as the top public-school system in America.
Wayne Board of Education President, Cathy Kazan was asked how the Wayne school district contributed to the state’s #1 ranking.
“Our schools contributed to this ranking from every way one would measure success,” she answered. “Our students work hard, our teachers give them the tools they need, our administration provides the environment for collaboration and innovation, and our community values and supports our schools. We are proud of our schools in Wayne and happy to be part of an education system that is #1 in the nation.”
https://www.tapinto.net/towns/wayne/sections/education/articles/wayne-school-district-helps-new-jersey-achieve-1-ranking?fbclid=IwAR03mjdCF-lMfONFHOR9tTVJp7McKtuSDxBHgoDLCvhs6n4ZXAoXuskVBMI
Nationally:
#13 of 10,817 Best School Districts for Athletes in America
#494 of 11,749 Safest School Districts in America
#506 of 11,294 Best Places to Teach in America
#640 of 10,760 Best School Districts in America
just putting a check on the line that suddenly everything is better now that weekend at Biden’s is president. The only thing that’s different is the reporting.
How would you put ranked #640 on a trucker hat?
Pumps Nationally? All education is local just like your high property taxes. Are you getting the most for your property taxes in Wayne?
In New Jersey Wayne ranks 81 out of the districts for SAT scores of 1145.
Math
Wayne Township Public School District, Passaic 576
Reading and writing:
Wayne Township Public School District, Passaic 569
However Wayne Ranks #1 in scores for all of Passaic county. My opinion is there must be something in the water up there, the whole county is full of mediocrity.
Who would recommend moving to or staying in Passaic county based on these results? The smarter first time home buyer can get more for their money. If they have to pay high property taxes for the great nationally ranked school systems in New Jersey they can do that and have a better quality of life elsewhere in New Jersey.
Fauci was completely right about mask wearing. Most mouth breathers are going to mess it up and should not be leaving the house nevermind wearing a mask.
“unintended consequences – people keep fiddling with the mask and they keep touching their face” spreading the virus thinking masks are some panacea.
Goat,
No shitter and twitter from crazy person with narcissistic rage disorder. Less news indeed.
Speaking of narcissistic rage, dufus posts this statement and thinks it is fine. Free money from govt, stock bubble and scared sh*tless population..he thinks it will end fine. Wages are going f-in nowhere.
“The buyers that come in are like, ‘I just want a home. I don’t care at this point what it costs.’ ”
Juice,
I’m happy with the schools. I don’t need rankings to confirm to me that Wayne is a superb school system and great town to raise your kid in.
Bystander,
Did you read the part where people are coming in with 500k cash on a million dollar home. A lot of people have money in these top markets in America. Don’t kid yourself.
Stop posting rankings then
The Great Pumpkin says:
March 19, 2021 at 9:42 am
Juice,
I’m happy with the schools. I don’t need rankings to confirm to me that Wayne is a superb school system and great town to raise your kid in.
Pumps this is a real estate blog amongst other things. We do compare towns here, and make recommendations to others looking for information about housing. In my book I would not live in Wayne, just not for me. I know the town very well BTW and have a friend living near you. He loves it up there, but it is just not for me. His kids graduated Wayne High School, one joined the Army the other is a PITA who wants to be an MMA fighter. Many many other reasons besides the thought of living across from a ping pong palace on superhighway next to a nincompoop who thinks people stop by his home just to look at his faux roman columns.
Go ahead prove me wrong and put out the old shingle or even gasp list it yourself. Let us know how many offers you get, you don’t need to take any offers you can just take the temperature of the market. They should be lining up for miles at your open house just to get a glimpse of those columns. Let us know if you get an offer for cool Million for your palace.
Some of us, with a working brain, can distinguish realtor/mortgage sector propaganda, from reality that 99.5% of home hunters can’t afford down 500k on 1m home. Sensationalism to cause fear and anxiety and rush sheep into buying at crazy levels.
Bystander,
What’s the theme of the market? Little guys and first time buyers are getting squeezed out of the market…now why? Must be a lot of money in the market to have this squeezing effect…
Juice,
Different strokes for different folks. I enjoy Wayne.
“How would you put ranked #640 on a trucker hat?”
LOLOLOL.
“Stop posting rankings then”
LOL again. The fool is all about rankings and sound bites, zero substance.
I’ve raised my sons through to adulthood, by experience dufus’s emotional and mental growth stopped somewhere between ages 12-14.
“…a nincompoop who thinks people stop by his home just to look at his faux roman columns.”
I forgot about that one. Priceless. Usually when I spray coffee on my keyboard it’s because someone typed something with irony or sarcasm…with him, he makes these posts in all seriousness….
One of my personal faves from years back was him promoting Wayne with an earnest “there’s millionaires up in those hills there!”. JFC.
Someone with too much time on their hands should put together a Letterman-like top ten of his ‘best’ hits. That would be funny.
Bergen County sheriff sale will be held at 2:00 today outdoors. First sale in just over 1 year. Only 5 properties scheduled. Curious to see what type of upset prices are set by plaintiffs. Dress warm. Predicted 39° at auction time.
Lefty,
You know what’s funny…you not being man enough to say I made a great call. Instead, like the little baby you are, you double down and say it was an obvious call with 99% chance of happening. Baby wants a pacifier?
There are people in Pines Lake that will piss on your wealth, but put down Wayne if it makes you feel better.
Bystander: Same crap back in the 80s with housing. A whole generation will be shut out of the market, and will never be able to buy a house. And then as now,people went crazy to buy, as they did not want to be shut out forever. Hurry, Hurry!!
Left,
Too many to list over the years. Off top of my head:
“It is the black and Latinos that smoke weed”
“You can’t overpay for a house. The appraisal system ensures that”
My favorite:
“There was a help wanted sign at the liquor store. This is a sign that economy is strong”
Come on Goat. Not everything is a conspiracy. And yes, the CDC invests money in labs all around the world. I suppose we caused Ebola, Small Pox and the rest too.
“He also knows more about what was going on in the Wuhan lab than he cares to share. NIH under him was funding studies there.”
Chi, glad you purchased the package, I may have a few questions as we get closer. For Gator Jr., I’ll probably get a lot more scholarship (cancer kid sibling) than aid. I did the formula and I’m really not eligible for sh1t. Where I also expect to succeed is in negotiation. They better be ready for me when admissions open cause I’m going to be gunning for the early bird special.
In other news, we still don’t have a judgement back from Essex County. We filed March 8, 2019. We are a second world county and a third world state.
Federal law says: You must file a due process complaint within two years of when you learned about the school’s action that you’re complaining about.
The school must hold a resolution session with you within 15 days after receiving the due process complaint. There’s a 30-day period to try to reach a resolution agreement.
Once it’s clear that there won’t be a resolution agreement, the state department of education has 45 days to make sure there is a due process hearing and decision.
We are now over 2 years for something that by law says must take 45 days.
You should have listened to me….ended up being the hottest labor market in 4 decades.
My favorite:
“There was a help wanted sign at the liquor store. This is a sign that economy is strong”
BRT: What’s the fascination with Faucci. He’ll say whatever any POTUS tells him too. Conspiracies aside, he’s the absolute last person I would trust on anything. Not sure what the countries infatuation with his every word is.
I’d be listening to Powell instead.
Lib: And Jerome and his inflation theories are concerning in my mind. I don’t think he has a clue.
Gives new meaning to the term “stimulus check”:
A 2-year-old Kentucky boy died after consuming fentanyl his mother bought using her stimulus check, police said.
Lauren Ashley Baker, 33, admitted to cops in Ludlow Thursday that she got the highly addictive synthetic opioid last weekend in Cincinnati while using funds from her stimulus check, WXIX reported.
ExEssex says:
March 19, 2021 at 12:03 am
$1m ….$13k taxes…..sure it’s in Kentucky but Cincinnati is right around the corner:
https://www.zillow.com/homedetails/920-Squire-Oaks-Dr-Villa-Hills-KY-41017/1406461_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
“You know what’s funny…you not being man enough to say I made a great call.”
Nawww, what’s much funnier is your insatiable need for affirmation from a bunch of anonymous internet forum posters.
“…you double down and say it was an obvious call with 99% chance of happening.”
Yup. I stand by my data. Where’s yours?
Show me that there is even a 50% historical probability that over any ten year period GDP and housing prices decrease. You can’t, because they don’t. And even if you could – pay attention here, dumbass, here comes a punchline – such data would simply equate with calling heads or tails correctly. Hardly newsworthy.
God, how do you even tie your shoes in the morning without assistance? Loafers? Slippers all day?
“…put down Wayne if it makes you feel better.”
You’ll have a real hard time finding me ‘putting down’ anyone’s hometown. Generally not my style. Re: Wayne, I have no basis for an opinion…other than some games at a hockey rink and killing time between games at a couple halfway decent restaurants I couldn’t tell you the first thing about it. Plus even if I were inclined to disparage it, which I’m not, I wouldn’t do so if for no other reason than it would be discourteous to our host.
But that’s just me. You go girl, keep posting your polls.
3b -Jerome is a wall st lawyer and a former fund manager, he is no economist but he does have a thousand PHDs advising him.
Politics is Politics and History Rhymes. Greenspan created arguably the two last housing bubbles even though he knew what would happen when the FED created another aggregate demand bubble. From his own NYU Ph.D. thesis which he tried to hide when he became FED chairman in 1987.
Greenspan: “There is no perpetual motion machine which generates an ever-rising path for the prices of homes.”
Right now we are seeing another aggregate demand bubble being blown by the FED.
That is why you have people like Bill Gross shorting UST now. They know that inflation will run hot +4% for the next few quarters.
3b,
Yeah. His action today appeared counter-intuitive to my unbiased brain. My real fear is that he is sh1tting his pants over the recent inflation and wants to kill the market to try to stem the inflation which is a direct result of all of this money printing. Of course, a simple announcement that there will be no future stimulus checks (regardless if it’s true or not) would probably do the trick. Going back to what I said about Faucci. Remember when Barney Frank said Fannie was in no danger of insolvency? Remember when Greenspan said, “the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms?” Though I don’t believe in any conspiracies, I also don’t trust a word that comes out of any politician’s mouth.
Juice/Lib: I agree all around well said on all ends. The fact that some people can’t or refuse to see this and think it’s all new and different now is frightening. It is different now in that it’s worse. Jerome and company are destroying the economy, while others think it’s time to party.
Lib – “Not everything is a conspiracy”
WHO report on the origins of Covid-19 will be out in a few weeks and apparently will be pointing fingers at the Pangolin farms in Wuhan.
South Park is right on the money on this one. Mr. Mouse and Randy screwed the Pangolin.
2 minute watch…
https://southpark.cc.com/video-clips/no1la9/south-park-do-you-know-what-a-pangolin-is-randy
Reminds me of when President Carter was asked to address the National Bar Association. He got up and said “America is over lawyered, and under represented”
He was never invited back for some reason.
I don’t doubt the Wuhan lab might have created Covid 19. What I doubt is that it was created for unlawful or devious purpose.
BRT: What’s the fascination with Faucci. He’ll say whatever any POTUS tells him too. Conspiracies aside, he’s the absolute last person I would trust on anything. Not sure what the countries infatuation with his every word is.
I’d be listening to Powell instead.
I don’t know. The right hates him because he was used as a tool to attack Trump, even if a lot of those “disagreements” were fake news. The left adores him because he was used as a tool. But literally, there was a interview on twitter where a Mexican comic asks him questions on the vaccine & FDA approval, literally the only time I’ve seen someone press him appropriately by asking him tough questions. Really? A friggin Mexican comic? That’s the only person to ever press him. Everyone else gives him softball tosses.
Rand Paul tries and does an ok job but he usually has some sort of ideological agenda. He and Tony had a spat the other day on masks for those immunized. Right wing sites have Paul obliterating him. Left wing sites say Fauci schooled him. It’s all nonsense. But yes, Fauci doesn’t have much credibility anymore.
Fauci has been found to flip/flop and lie too many times to have credibility. Moreover, he’s constantly “cautiously optimistic” and never commits to anything.
I don’t believe in coincidences. New virus emerges in same area as viral institute that studies coronavirus. China sends out misinformation and prevents investigation. The idea that they would release it purposely is just stupid…especially on their own land. Although, you could have some sort of mentally ill worker do it. Accident is more plausible.
Upton Sinclair — ‘It is difficult to get a man to understand something, when his salary depends on his not understanding it.’
One of my favorite quotes. This is Powell.
“You should have listened to me….ended up being the hottest labor market in 4 decades.”
For startup brew masters, coffee baristas and waitresses, yes it was a hell of labor market…wages went nowhere and confounded all those brilliant economists.
March Madness . . .
The NCAA should expand this to 128 teams. TV money would likely be insanely high, in my opinion.
The first round of 128>64 should be played on a Thursday and a Friday (with games running for about 15 hours from 11:00 a.m. EST to like 2:00 a.m. EST (because that is 10:00 p.m. Pacific time). The last game currently tips off at 10:00 p.m. EST. Then, 64>32 is Saturday and Sunday.
With brackets filled out and online sports gambling, I think there would be plentiful interest and viewership in these additional games. I’m kinda surprised that CBS, ESPN, Buffalo Wild Wings, Budweiser, and Draftkings have not gotten together to demand the NCAA make the change yet.
Crushed. With all the play in games, they should at least go to 80. I discussed this yesterday with my son.
BRT. Yes, I can buy the accident theory.
11:57 it’s a feature not a bug, one lawyer was said to murmur.
Housing market says otherwise.
ExEssex says:
March 19, 2021 at 12:03 am
$1m ….$13k taxes…..sure it’s in Kentucky but Cincinnati is right around the corner:
https://www.zillow.com/homedetails/920-Squire-Oaks-Dr-Villa-Hills-KY-41017/1406461_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
Bystander says:
March 19, 2021 at 12:55 pm
“You should have listened to me….ended up being the hottest labor market in 4 decades.”
For startup brew masters, coffee baristas and waitresses, yes it was a hell of labor market…wages went nowhere and confounded all those brilliant economists.
All I know: the lending is tight and lots of cash offers. These people are qualified buyers for this market. Pricing is real. They are making money.
Covid is still no joke and we are opening things up? We still have the highest infection rate in the country yet the governor is now allowing restaurants, casinos, spas, gyms, amusements indoor capacities increase to 50% today?
A friend of mine mid 40s was just discharged from nearly two week hospital stay for Covid-19. Very weak now needs to walk with a cane. Luckily the treatments have improved drastically and he survived. Young kids too.
A friend of mine mid 40s was just discharged from nearly two week hospital stay for Covid-19. Very weak now needs to walk with a cane. Luckily the treatments have improved drastically and he survived. Young kids too.
O’Biden stumbles multiple times attempting to climb the stairs of Air Force One:
https://twitter.com/TPostMillennial/status/1372938992430243841
Carmella responding to O’Biden’s tumble:
https://twitter.com/esquerdamente/status/1372959589055012865
Buy my farts, before it’s too late.
The NFT mania may indeed border on the insane. Keen to cash in on the craze, a Brooklyn man, Alex Ramírez-Mallis, 36, collected one year of his and friends’ farts which he compiled into a 52-minute “Master Collection” audio file, the New York Post reported.
Now the top bid for the audio file is $183. Individual fart recordings are going for 0.05 ether, or $85. One single fart has already been bought by an anonymous buyer.
https://news.bitcoin.com/nft-related-token-prices-soar-amid-digital-art-mania/
If I had know that I could sell my past fart sounds for 5 cents a piece I would be a zillionaire by now.
I use FB to keep tabs on local community groups. Recently learned it swept through Englewood Cliffs taking out one half of the staff of a pizza shop, leaving seven kids fatherless, stopping by to harvest a deli owner and few other prominent business people.
The deli shop owner posted a hospital bed selfie saying that they are coming to put her on a vent and she’s scared. Their visit must’ve felt like an execution to her. How does one give consent to that? Ufff. That was the last post from her account.
President Biden is fortunate he didn’t break his wrist, at his age, from that fall. I’m glad he didn’t hurt himself. The way he tripped that second time looked like he came down pretty hard on his left hand.
Biden : When I was a kid back in Scranton a wheel fell off my canoe which made me wonder how many pancakes fit in a doghouse? None because ice cream doesn’t have bones
LMAO!!
I don’t know why people think it’s already over. Still taking people out.
A teacher I work with lives in northvale….claimed it’s running through that regional school system. Not sure if it’s the truth, but that’s what she said.
Another teacher I work with( 50’s) that lives in cedar grove got it this week. Her daughter and granddaughter too. So it’s still out there.
Boomer Remover says:
March 19, 2021 at 2:34 pm
I use FB to keep tabs on local community groups. Recently learned it swept through Englewood Cliffs taking out one half of the staff of a pizza shop, leaving seven kids fatherless, stopping by to harvest a deli owner and few other prominent business people.
The deli shop owner posted a hospital bed selfie saying that they are coming to put her on a vent and she’s scared. Their visit must’ve felt like an execution to her. How does one give consent to that? Ufff. That was the last post from her account.
These are the scumbags that ruin it for everyone else..
https://patch.com/new-jersey/wayne/s/hh8f0/nj-man-used-dead-peoples-ids-to-scam-1-9m-in-covid-relief-feds?utm_source=nearby-news&utm_medium=email&utm_campaign=alert
Shoppers are out for vengeance.
A year into a pandemic that’s devastated lives, jobs and the economy, those who are lucky enough to have disposable income are ready to go out and splurge — even if they still have nowhere to go in that stunning dress or those brand new sneakers. Some are calling this “revenge spending.”
U.S. retail sales are near record highs and employment and vaccinations are on the rise. Americans have amassed a massive stockpile of excess savings — Bloomberg Economics estimates it to be about $1.7 trillion since the beginning of the pandemic through January. And that’s about to be bolstered by a new round of stimulus payments. As the economy reopens, consumer spending over the next two quarters is likely to be the strongest such period in at least 70 years with a rebound in services leading the way, according to economists at Wells Fargo & Co.
https://apple.news/AZ5MkUDqFT8yxJXEJh8JMaA
Investors poured record $56.8 billion into stock-market funds as stimulus checks arrived
https://apple.news/AVklBuirUTxSKedpiHqoEXg
From the comments on Tangle:
The national debt is now $145,000 per citizen. $355,000 per taxpayer. That comes to six years of average gross (before any taxes) wages and over a decade of average net wages. Interest on this debt is not so bad right now with rates around 1%. What happens when interest rates rise toward the historical norm? Will that debt ever be repaid? If not, there is only one other way to keep it from consuming the entire federal budget: Inflation. Two decades ago the most prosperous nation in South America was Venezuela. Nuff said?
https://www.bloomberg.com/news/articles/2021-03-19/tesla-cars-banned-by-china-s-military-on-concerns-about-cameras
President Biden is fortunate he didn’t break his wrist, at his age, from that fall. I’m glad he didn’t hurt himself. The way he tripped that second time looked like he came down pretty hard on his left hand.
He already broke his foot and blamed it on the dog. Not a good sign of things to come.
BRT your dumb@ass will be lucky to make it to that age.
Lol Biden his Presidency is going to be a MEME generator…
https://9gag.com/gag/aV70Bmw
Probably, and if I was still alive, my dumb*ss wouldn’t be stupid enough to run for office and pretend I’m not senile.
Not a Car Guy
Democrats used to pretend that infrastructure bills were about infrastructure.
The Washington custom at least through the Obama-Biden era was to pretend that “infrastructure” bills would fund critically needed roads and bridges. The promise was that big spending on “shovel-ready” projects would both create jobs and meet transportation needs. Taxpayers only learned long after the passage of the 2009 stimulus plan that it didn’t create the promised jobs, that only about 10% of the money went to infrastructure, and that very few projects were shovel-ready. Now Washington has a new custom and the Biden-Harris administration isn’t even bothering to pretend.
While Team Biden mulls how many trillions of dollars to propose spending on its “infrastructure” plan and whose taxes should rise to finance it, the administration has already made an important decision. The goal is not to give Americans a faster, smoother, safer drive to work.
Hope Yen reports for the Associated Press:
Transportation Secretary Pete Buttigieg said Thursday that an infrastructure plan expected soon from President Joe Biden will offer a “once in a century” opportunity to remake transportation in the United States, where cars and highways are no longer king.
Speaking at the Austin, Texas-based South by Southwest conference, which is being held virtually this year, Buttigieg compared the new possibility to the creation of an interstate highway under President Dwight Eisenhower in the 1950s and a transcontinental railroad under President Abraham Lincoln a century before that.
Take that patriarchy!!!
https://www.dailymail.co.uk/femail/article-9382001/Sports-Illustrated-Swimsuit-Issue-casts-Asian-curve-model.html
Monorail?
Be warned. I’m pretty sure the new strains are causing the recent uptick in cases. We have some British relatives and they are still strictly locked down in the UK. They said these strains were spreading like wildfire.
The numbers are once again moving upward exponentially in these parts. It’s both anecdotal and scientific. Check out Montclair’s numbers here. In the last week, two more cases on our block and too many hockey related for me to discuss. This current strain is so much more contagious. It’s really amazing that numbers are shooting up in NJ while we are absolutely kicking ass in the vaccination department. Some people think we are letting our guard down, and there is definitely some of that going on. But the strength of this strain is most likely the cause of the increase. We were going to send Gator Jr., back to in-person learning on Monday, but not with the recent increases. Told the principal we’ll wait two weeks and see then. Get those masks back on and wash your hands again. Oh, and Gator’s mom passed. She survived the first wave of Covid when it ran through the nursing homes, but she died of a vascular issue (internal bleeding somewhere they couldn’t find) this week. Chances are, Covid left some damage behind. Not looking for sympathy. Just sharing to warn you all to not let your guard down. It might not kill you today, but look at Post Polio Syndrome. 30 to 40 percent of polio survivors are now dying of polio related symptoms decades after surviving the disease. Be careful people.
Lib and Gator, sorry for you loss, think of the good times. I do feel sorry for your loss of Grandma for your kids and for you Mom or mother in law. This year has been especially tough for all of us us, I have friends who have gotten sick and other friends that have lost loved ones.
Think of the good times….and as you say don’t let your guard down until we are all clear.
Lib and gator
Sorry for your loss.
This week and next week is spring break for almost all schools in Texas. With no mask mandate I’m concerned about another surge. Hopefully with all the vaccinations and people who have already had COVID it won’t get as bad as January was.
Forgot to post the Montclair number link – https://datastudio.google.com/embed/reporting/5ad43e4f-9e7d-4d77-a4c6-139a9e6f2b26/page/ECWrB
That line should be moving in the opposite direction.
Here’s Jersey – https://www.nytimes.com/interactive/2020/us/new-jersey-coronavirus-cases.html
HMB,
See if someplace tracks the strains and do whatever you have to do to get the vaccine.
Here’s Texas
https://apps.texastribune.org/features/2020/texas-coronavirus-cases-map/
Cases are actually dropping 8 days into no mask mandate.
Condolences to you and your family.
I never noticed the change in NYC landscape, from taking a peek day by day.
https://twitter.com/ne0liberal/status/1373115860525662208/photo/1
Condolences Lib and Gator – thoughts are with you – so tough to lose a parent, lost my mom a year and a half ago. She spent her life fighting cardiovascular disease. She certainly would have had an incredibly difficult time through the pandemic.
Lib sorry for your loss.
Congrats to my Asian friends you are all white supremacists now.
https://www.sfgate.com/politics/article/Alison-Collins-San-Francisco-school-Asians-tweets-16038855.php
Anecdotal a friend immigrated to San Francisco from China and spoke no English. She quickly rose to be a shining star in her San Francisco High School and graduated the valedictorian. I doubt there was white supremacy involved in her kicking ass on every kid raised in the San Francisco School system.
Thanks guys. Obviously this one hurts more for Gator than me, but appreciate the kind words all.
Getting back to Covid talk, it looks like a third wave is starting (see the NY Times heat map). https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html
This has to be the impact of the newer strains, since the number of people vaccinated around here is honestly, pretty impressive. Our numbers should be dropping like an anchor. Instead, things are starting to heat up in the Northeast again, and you can clearly see it in the charts and the map. I’m guessing this wave is going to work it’s way across the country and we are going to find out that these strains are not seasonal. I just hope we reach herd immunity before another mutation requires us all to be vaccinated yet again.
Also, I’m noticing a Tuskegee Affect in the black community that is pervasive. Some of my peers are clearly untrusting of our government. So sad really.
Alexandra Sierra carried boxes of food to her kitchen counter, where her 7-year-old daughter, Rachell, stirred a pitcher of lemonade.
“Oh, my God, it smells so good!” Sierra, 39, said of the bounty she’d just picked up at a food pantry, pulling out a ready-made salad and a container of soup.
Sierra unpacked the donated food and planned lunch for Rachell and her siblings, ages 9 and 2, as a reporter watched through FaceTime. She said she doesn’t know what they’d do without the help.
The family lives in Bergen County, New Jersey, a dense grouping of 70 municipalities opposite Manhattan with about 950,000 people whose median household income ranks in the top 1% nationally. But Sierra and her husband, Aramon Morales, never earned a lot of money and are now out of work because of the pandemic.
https://apple.news/ANj050CfHTkuTsPR6w3zHIg
Buying a Home in the Pandemic? Family Members Team Up on Bids
https://www.wsj.com/articles/buying-a-home-in-the-pandemic-family-members-team-up-on-bids-11616232600?st=4xtmfiybc9bjbx6&reflink=article_copyURL_share
The south is far better at Covid than we are:
https://www.northjersey.com/story/news/coronavirus/2021/03/19/nj-highest-per-capita-rate-new-covid-cases-vaccine/4705027001/
Mistrust of government but I believe the sh@t I read about QAn@n.
Hope Springs Eternal – Baseball 2021 (clot Edition):
https://wgntv.com/news/cubs-minor-league-player-arrested-after-police-find-21-pounds-of-meth-in-duffel-bag/
Stu: please give our condolences to Lisa
Libturd, the website you want to keep an eye out is below. Is national and updated about once a week. This is what makes or break an area. Look up NYC working class and hasidic areas vs Northern NJ. And just look at all the red spots in any big city area in FL or TX. FL & TX are open because sales Tax revenue is the only income those State Government have.
https://www.nytimes.com/interactive/2020/us/covid-hospitals-near-you.html
Regarding the debt, big deal. Break up and tax the big oligopolies like they were back in the post WW2 and Cold War era and it pays for itself. Don’t kid yourself that they will not pay those rate in the future. War with China is set. A war of survival again. Either the CCP controls you or you are free of them.
The inflation that is coming is not going to be debt related. Is going to be from the need to rebuild manufacturing overnight based in the USA. When the war with China starts we are going to feel how Cuba felt in 1961 when the embargo went up and everything was made in the USA. Cuba’s problems today is they don’t have the money to buy anything. Our problem today is that we make nothing.
Taiwan Semiconductor and Samsung build the highest tech computer chips on the world which are not sold to China. Both can be taken out in a first day strike in any China/North Korea attack.
The problems that we will encounter are more late 40’s survival feel to it, then the panzy baby boomer bs ridden 80s-2010’s. Everyday gets better for this country, as baby boomer die off, and the newer generation takes over and sees the true challenges that need to be met.
The national debt is now $145,000 per citizen. $355,000 per taxpayer. That comes to six years of average gross (before any taxes) wages and over a decade of average net wages. Interest on this debt is not so bad right now with rates around 1%. What happens when interest rates rise toward the historical norm? Will that debt ever be repaid? If not, there is only one other way to keep it from consuming the entire federal budget: Inflation. Two decades ago the most prosperous nation in South America was Venezuela. Nuff said?
Just to close out the argument about the debt.
What is the percentage of it cause by bail out of banks & industries?
What is the percentage of it cause by W Bush stupid wars and Medicare Part C insurance subsidy and Part D prescription coverage at full retail no negotiation allowed that benefits the present locust boomers.
What is the percentage of it that went directly into billionaires pocket via pass thru reduced tax rates, private equity’s carried forward interest tax handling and other shenanigans?
Bidding wars in DFW area. Unprecedented.
https://www.wfaa.com/article/money/business/it-is-unprecedented-buyers-beware-in-dallas-fort-worths-supercharged-housing-market/287-ee94998d-932a-49d9-88cf-57103821c6e2
When we moved here agents told me real estate houses prices were mostly sideways. Now its up 15% year over year. Agents say its not a bubble. I feel reassured.
Lib: I don’t know about another vaccination, but perhaps a booster shot. Used to get those in school back in the day.
Well for what it’s worth, I’m testing out the efficiency of the vaccine. Currently being exposed to very high viral loads right now
BRT,
Remember, the vax is like an umbrella. In a small rainshower, no problem. If its a nasty windy rainy one, you’ll get a little wet.The little wet here is the secondary immune response.
So if you start getting slightly sick within 48hrs and then it goes away fast, you just tested it. As Chris Rock said ” Robitossum, Robitossum, Robitossum ”
Primary immune response Secondary immune response
1. This occurs as a result of primary contact with an antigen. This occurs as a result of second and subsequent exposure of the same antigen
2 Responding cell is naïve B-cell and T-cell. Responding cell is memory cell.
3 Lag phase is often longer (4-7 days), sometimes as long as weeks or months. Lag phase is shorter (1-4 days) due to the presence of memory cell.
4 Level of antibody reaches peak in 7 to 10 days. Level of antibody reaches peak in 3 to 5 days.
5 It takes longer time to establish immunity. Takes shorter time to establish immunity.
6 First antibody produced is mainly IgM. Although small amount of IgG are also produced. Mainly IgG antibody is produced. Although sometimes small amount of IgM are produced. Other immunoglobulins such as IgA and in the case of allergy IgE are produced.
7 Amount of antibody produced depends on nature of antigen. Usually produced in low amount. Usually 100-1000 times more antibodies are produced.
8 Antibody level declines rapidly. Antibody level remain high for longer period.
9. Affinity of antibody is lower for its antigen. Antibodies have greater affinity for antigen.
10 Primary response appears mainly in the lymph nodes and spleen. Secondary response appears mainly in the bone marrow, followed by the spleen and lymph nodes.
11 Both Thymus dependent and Thymus independent antigen gives primary immune response. Only Thymus-dependent antigen gives secondary immune response.
Should be an interesting month ahead. I did a pretty deep dive through the 1.9 trillion Covid bill. Looks like there’s about 300 billion in what I would consider, you lost the election, blue state pork. Really, I expected it to be much worse. Though, there’s still lots of stuff in there for Republicans to complain about. Lot’s of aid where it isn’t needed and lots of need where the aid won’t get. Lot’s of reward for bad behavior as well.
As to the China spiel. Yes, I agree this will eventually be the case. But not for a long, long time. What’s the rush? Their leadership is also enriching themselves handsomely and too seem to have mastered the disbursement of the crumbs. Plus, China is still far from self sufficient. They lack the consumption numbers they need and international trade is at it’s highest ever. It’s going to be a while.
Condolences Lib and Gator first. Must be really difficult to manage.
My daughter got exposed in a pool and had to quarantine herself at home. Not being physically close to her even for a few days was very painful. The relief and the hug after the negative test was one of the best experience I had in this year perhaps. It is amazing we are still effected by the virus against all stats. Human nature and fear win all the time.
HMB, I got emails from zillow on some of zip codes I care about. While my neighborhood in NNJ still shows 9-10% YoY increase, I see FL and TX zipcodes consistently show 10-12% increases in median price. A quick study also shows the short contract times.
My guess would be based on employment sustainability. With this rate, more jobs moving south, Only a 4% 30yr fixed would slow TX to 8% growth, but completely would halt here in NNJ. That would be new normal.
NJTownHomer,
I beg to differ on who is moving there. I think is more like this story, a well off attorney who gives bad haircut to their kids, and complains they are getting weird and is concerned about kids mental health.
BTW TX is definitely going purple. Is all ready blue, but all the gerrymandering keeps it red.
https://kfgo.com/2021/03/19/special-report-as-u-s-schools-shuttered-student-mental-health-cratered-reuters-finds/
SAN FRANCISCO (Reuters) – A few weeks after San Francisco’s school district moved to remote learning last year in hopes of halting the spread of the coronavirus, Kate Sullivan Morgan noticed her 11-year-old son was barely eating. He would spend days in bed staring at the ceiling.
The mother formed a pod with three other families so the students could log on to their online classes together. That helped, but her eldest remained withdrawn and showed little interest in his hobbies, such as playing piano and drawing. Then her younger son, then 8, started to spiral down.
“He would scream and cry multiple times per hour on Zoom,” she said. “It was all really scary and not in keeping with his personality.” She scaled back her job as a healthcare regulatory attorney to be there for her sons.
In December, with schools in San Francisco still closed, the family packed up and moved more than 1,700 miles, to Austin, Texas, so the children could attend school in person. “Kids are resilient, but there is a breaking point,” Sullivan Morgan said.
With schools nationwide locked down amid the COVID-19 pandemic, the mental health consequences on students have come into a sharp focus.
Reuters surveyed school districts nationwide in February to assess the mental health impacts of full or partial school shutdowns. The districts, large and small, rural and urban, serve more than 2.2 million students across the United States.
Of the 74 districts that responded, 74% reported multiple indicators of increased mental health stresses among students. More than half reported rises in mental health referrals and counseling.
Nearly 90% of responding districts cited higher rates of absenteeism or disengagement, metrics commonly used to gauge student emotional health. The lack of in person education was a driver of these warning signs of trouble, more than half of districts said.
The stresses didn’t affect only students: 57% of responding districts reported an increase in teachers and support staff seeking assistance.
Lib and gator, condolences. I’m sure her mom was a special person who will be deeply missed.
Remember, the vax is like an umbrella. In a small rainshower, no problem. If its a nasty windy rainy one, you’ll get a little wet.The little wet here is the secondary immune response.
So if you start getting slightly sick within 48hrs and then it goes away fast, you just tested it. As Chris Rock said ” Robitossum, Robitossum, Robitossum ”
Basically what happened. Minor chills the whole day Thursday. Now gone. Someone in my family also basically tested their natural immunity over a year later and it held up. So, between my presumed natural infection a year ago, my two shots, and prolonged exposure this week, my immune system has to be supercharged for this at this point.
Gotta love miami right now…what a joke.
Lib and Gator,
So sorry.
Phoenix.