From NJ101.5:
NJ children are testing how well Pfizer’s COVID vaccine works
One of the main reasons why Gov. Phil Murphy has ordered children to wear masks at summer camps and when school begins in the fall is because no COVID vaccine has been given emergency use authorization for kids under the age of 12.
That could soon change.
Pfizer, in partnership with the German drug maker BioNTech, has started clinical trials testing its COVID-19 vaccine on healthy children between the ages of six months and 11 years old. Part of the trial is taking place at Rutgers University.
A total of 200 Garden State kids are participating, including 100 of them between the ages of 5 and 11.
Two additional groups of children, 50 between the ages of 2 and 5, and 50 between 6 months and 2 years are also enrolled in the trial.
Vaccinate the Pets!
Foist!
I think there is one in the works
I registered the little grim (sub 2), days ago for the Rutgers trial, and they came back and told me they had more than enough registrants. They had already closed the 2 and up, and were likely closing the sub-2 group.
New mRNA vaccines for malaria, tuberculosis,ebola, zika, rabies, cytomegalovirus, HIV and influenza you name it even cancers.
All they need is the DNA sequence and they can begin creating vaccines very very quickly. Moderna is trying to create a treatment for the 20 most common cancer mutations all in one shot. This vaccine under development would be encoded for each mutation and loaded onto a single mRNA molecule for delivery..
“The New York Times recently analyzed vaccine records and voter records in every county in the United States and found that both willingness to receive a coronavirus vaccine and actual vaccination rates were lower, on average, in counties where a majority of residents voted to re-elect former President Donald J. Trump in 2020.”
Trump = Hero of the Stupid
BioNTech is a little further along, they have eight potential cancer treatments in human trials.
Lib – The bell curve for stupidity is just as steep on the left or the right. Vaccination rates for example in many NJ cities is low and we know they were paid not to vote for Trump too.
Some interesting vaccination pron.
https://www.nytimes.com/interactive/2020/us/covid-19-vaccine-doses.html
Midway down, check out “How each state compares to the national share of vaccinated people”
Thanks Donald.
Phoenix: Chinese women won’t necessarily have more kids. They are expensive, and they like their comforts just like those in the west.
I agree there is stupid in both parties.
But Trump clearly downplayed the pandemic and went as far as to get his vaccination for Covid in private. He has a lot of supporters for sure, who follow his word like a Branch Davidian. I don’t doubt for one minute that he is personally responsible for the vast majority of people who refuse to take it. I’ve seen the anecdotal evidence too, among a few of my selfish friends. When I ask them why, they say they are dangerous. Hmmmm.
NJ would be #1 in the nation if it weren’t for low vax rates in minority groups, despite significant outreach to those populations.
Strategy for vaccinating minority groups is the single most important go-forward in the US.
Idiot republicans will come along eventually anyway.
If I ran a business, I would refuse to serve those unvaccinated. You can have your right to behave selfishly. I can have my right to behave selfishly too.
The other consideration is that vax rates seem to be very class/wealth based in NJ.
Would suggest you find strong correlation between household income and vax rate by municipality.
Political angle seems to apply more so when you have low-income republicans.
I disagree, Trump was promoting the vax in the debates in October as a success while his opponents openly proclaimed he’s rushing it through and you can’t trust him if he says to take it. Also, Chris Wallace, during the debates claimed that the CDC and FDA said we wouldn’t have it before July (which it’s not even July yet) to try to discredit him on it.
That being said, I’m calling BS on the NY Times. Grim posted the other day the NJ cities which are bluer than the sky. This is a socioeconomic/education thing. Not a political thing.
What I think is messed up. China was locking down its own cities hard, while still letting people leave their country. Think about that for a second..
Garfield is a good example of this.
One of the worst vax rates in North Jersey, despite being something like 80% white and Democrat majority.
There is definitely a minority thing going on. I see it clearly at work. It stems from distrust in the government. I don’t blame them at all. For the past four years, we have had a president that has been blaming much of our crime on immigrants and every time a black man got killed by a cop, he immediately deflected to black on black crime in Obama’s Chicago streets.
Worst president ever.
Yet, no one saying a thing about China. Instead they still obsess over Trump’s handling of the virus. F’k trump, let’s focus on China. How many deaths are they responsible for?
Contrast to Phillipsburg, about 75% white, majority Republican – also one of the worst in the state.
Now you know why it’s so hard to teach in an urban setting.
Grim says:
June 1, 2021 at 9:12 am
Garfield is a good example of this.
One of the worst vax rates in North Jersey, despite being something like 80% white and Democrat majority.
You’ll see a big jump generally once the eviction moratorium is up, the addition unemployment goes away, and employers begin to require vaccinations.
BRT,
You must be running within a different ring of friends. Nearly every single one of my Trumpy friends, of which I can easily reel off ten, from close friends in town to my contractor, to my neighbor’s landscaper, all refuse to be vaccinated. The only thing they have in common (besides arrogance and a desire to tell everyone in earshot of their Trumpy proclivity) is their love of the Donald.
How can this be? I am being 100% honest here.
All of them are white, btw.
Libturd says:
May 31, 2021 at 11:25 am
“The only party that thinks there is a crisis at the border is your own…”
Haha! Thanks for proving my point. These guys will apologize for or excuse absolutely any disastrous Dem policy. I really hope you guys are paid shills and not just the dupes that you come across as when you make statements like the one above. Oh and by the way, latest chatter is that Nicaragua and El Salvador are beginning to empty jails and send their trash north.
Look there was talk of doing TV spots with Trump in them. This was March, it quickly died… I would bet my bottom dollar that was nixed by the Biden administration.
There was allot of monkeying with the already developed campaigns. It was quickly redesigned and launched as the “We Can Do This” campaign on April 1st by Vice President Harris and Surgeon General Vivek H. Murthy as a “grass roots” campaign with the volunteer “Covid-19 Community Corps” etc they spent $10 million on the TV ads in April.
The vaccine hesitant groups did not heed the countless cattle calls to go to the vaccination centers. There was no shortage of ways to get vaccinated in the last month. These people need one on one vaccine counseling and perhaps a visa gift card to take the shots. Lord knows we passed enough trillions in spending to pay them, fact is volunteers aren’t going to get it done. Bread and Circuses will..
It’s difficult for those who hate Trump to see around all his accomplishments… I understand it. Especially knowing the democrats have a president/vice president combo that has already taken the award for the laziest and weakest administration ever. The fact that Trump delivered a vaccine that has the covid numbers plummeting, the economy now open and surging brings the TDS to whole other level. We went from an unknown virus to a cure in matter of months guided by the Trump administration. It’s his crown achievement among many, and it burns their @ss to no end.
My wealthy young republican neighbors in Wayne are all vaccinated.
Offer a crisp, $50 dollar bill right there on the spot to anyone who gets the jab and watch the line run around the corner, up the block, over the railroad tracks and down the hill.
Wayne at 71% of adults, 88% of 65+, and 59% of total population.
With the numbers still improving at a pretty good clip, we went up 6 points in total population in the last month. Now that the 12+ is open, I’m sure we’ll repeat that and be at 65-70% of total population by July.
I went from being amused by the collectivists using masks to signal to now being firmly anti mask.
I see it now instilling bizarre and anti social behaviors. People wrapping the functional equivalent of toilet paper around their face and wearing hoods on another wise pleasant day. Vaccinated parents masking children for no other reason but conformity to unfounded political edicts.
As a civilized person the masks need to go.
Yup, just like each group does for votes. Repubs offer artificially low tax rates to certain groups for votes and Dems offer handouts to people who don’t make enough to take advantage of tax giveaways.
Fast Eddie says:
June 1, 2021 at 9:35 am
Offer a crisp, $50 dollar bill right there on the spot to anyone who gets the jab and watch the line run around the corner, up the block, over the railroad tracks and down the hill.
I’ll wear a mask on a plane and at an airport from now on.
I’ve flown a lot, more than most people. I used to get sick a lot, always post trip.
Is not getting the vaccine an issue with some minorities for all vaccines, or just Covid?
Grim: I agree. I will wear one too during flu season when out in crowded areas.
“paid shills ”
Sure. I’m retiring next week. Everything is a conspiracy. Everything is a lie.
Pfizer did not participate in warp speed. Neither did Astrazeneca. J & J did. :P
Medical grade mask or toilet paper mask? Two different things.
If you can tolerate restricted breathing for long periods of time, more power to you. I’ll rely on ventilation.
I see it now instilling bizarre and anti social behaviors.
I can’t find the words to describe it. It’s downright frightening to see how easily the masses comply and obey… like some form of sharia law, western style. It’s like everyone is anonymous and non-descript; no identity and one massive homogenous collective. It needs to end.
3B,
The guys I know at work (minorities mostly) took all of their other vaccinations and their kids are vaccinated. Some even got the flu shot. They just don’t trust the testing of the vaccine. The J&J pause was the final nail in the coffin.
Studies have been done in airports. It turns out security check bins and trays appear to pose the highest potential risk of virus transmission from a surface as everyone has to use them, next up was pin pads at the stores in the airports, then arm chair handles.
Keeping hands clean is especially important to help prevent the viruses from spreading. Anytime you touch something in an Airport use disinfectant before you touch your face…
Science on masks? N95 sure, a cheap piece or cloth? Not so much.
Lib: Interesting, even with the overwhelming positive on Pfizer and Moderna. My Aunt is 93, basically does not leave the house she got the J&J one shot in January and tested positive for Covid 3 weeks ago.
Yep viruses spread different ways. The cruise ship viruses are by touch. Hygiene and good health are #1.
Covid is a particle so small that the masking is nonsense. There is no proof they prevented any spread. Numbers went through the roof masks or non masks.
It was political.
Lib,
anecdotal, 100% of my Republican friends are vaccinated.
In 2019 I started using antibacterial wipes on planes.
Lib – re: “Pfizer did not participate in warp speed”
You were taken by post election fake news on this fact…The project manager from Pfizer said something that was taken out of context after the election as she hated Trump. She did not create the vaccine, and neither did Pfizer. They just provided production, the real work was done by the German company BioNTech.
There is no spin here Pfizer was part of Warp Speed, you can read Pfizer’s press releases on it yourself. Fact is the federal effort supported multiple COVID-19 vaccine candidates not just Pfizer or Moderna. OWS’s strategy included selecting four different vaccine platform technologies to mitigate the risk that any one platform or specific vaccine candidate could fail.
Operation Warp speed gave contracts to several vaccine companies include Pfizer/BioNTech, Moderna, AstraZeneca, Janssen, Sanofi/GSK, and Novavax. Pfizer was one of several vaccine manufacturers to cut a deal with OWS in July 2020. $1.95 billion was paid to guarantee the first 100 million doses coming out of their factories in the USA pre-FDA approval.
AND THE FAKE NEWS DEBUNKED HERE AT PRAVDA.
https://www.nytimes.com/2020/11/10/health/was-the-pfizer-vaccine-part-of-the-governments-operation-warp-speed.html
Pfizer was given an extremely large financial incentive by the government to produce their vaccine. Payment up front for 100 million doses. You can spin it any way you want, but that’s the reason they got it to market so quickly.
Given our success on the vaccine front, Operation Warp Speed was an amazing success. It got us multiple vaccines in record time. Mind you, many of the candidates in it failed and were abandoned. The rest of the world pretty much took a hope and pray someone else dose it for us approach. Look where we are and look where they are now.
People who want to write off all things Orange Man can’t come to grips with this. Just take solace in that this plan was put together by a team of people who put petty politics aside and got it done.
There’s also a difference between refusing a vaccination if you have already recovered from Covid and just outright reusing. There’s really reason we never tried to inoculate kids with the Chickenpox vaccine if they already had it. People think Covid is special and they apply different rules to this virus than anything else. It’s like all the rules of Immunology went out the window…likely because of a fanatical press that distorts facts and suppresses rational free minded thought.
I always try and do contactless credit cards at the payment terminals. I hate touching pin pads, to many grubby fingers that have been up peoples noses and elsewhere. The stores were cleaning them like crazy last year but all that cleaning started to wear out the pin pads so they stopped. The Verifone and Ingenico model pin pads common in many stores cost $700 a piece, are a pain to replace too, there would be downtime for the checkout lane, having checkout lines down cost $$$$ and restaurant franchises also pay for the pin pads themselves too so costs skyrocketed, and so they simply stopped cleaning them.
Okay, I stand corrected on THAT one. Thanks BRT. I won’t spread that lie again.
Though I would still argue that, it was more American ingenuity, fostered by our unique free society, that is to be cheered and not so much who was in the White House. I’m guessing the Dems would have developed a similar program. Though, there is no guarantee of it. I’ve always admitted Trump got a few things right.
It absolutely was American ingenuity on the mRNA front. On the adenovirus front, that’s a blueprint that’s been used over and over again. That’s why a group at Harvard was able to make a vaccine and test it test it out on themselves within a week of the publication of the sequence.
But yes, American ingenuity is completely unmatched and it’s one of the reasons that we need to keep the for profit healthcare/pharma system in place. We design and bring to market most of the advances in medicine. The rest of the world piggybacks off of us.
“I didn’t really think in this way until I got to college, and like, I took women’s and gender studies classes, and that put me on this path where I’m like, “Yea, like, f-ck the U.S.’”
https://www.youtube.com/watch?v=Sa0zncrjoCQ
We design and bring to market most of the advances in medicine. The rest of the world piggybacks off of us.
Gilead Sciences makes the hepatitis C drugs – Sovaldi and Harvoni – but $85,000 is an only in America price. Sovaldi sells for about $1,000 a pill in the U.S., while a generic version costs only $4 a pill in India.
Piss away money…
If the individual is broken (bad natured), they will never change. These kind of people cost us all so much money. It’s an individual that always needs to be taken care of.
I wonder how much each broken individual costs society on a daily basis?
“NJ spends $445K a year to lock a kid up. We’ve got a better idea.”
https://www.nj.com/opinion/2021/06/nj-spends-445k-a-year-to-lock-a-kid-up-weve-got-a-better-idea-opinion.html
Eddie,
You think I should embrace it? The way I was treated by American Stormtroopers dressed not much different from soldiers?
“With Liberty, and Justice, for all.”
I’m still waiting for my justice. Is there an 800 number I can call?
Phoenix,
Dannon sells yogurt 4 for a dollar in Mexico and they have to truck it in from the United states.
We pay it, because we can pay it. Dannon and Sovaldi are not stupid. The question we will eventually have to ask, is if it’s worth it. Kind of like paying 10K to put your 12 year old cat on chemo. I wouldn’t.
I wonder how much each broken individual costs society on a daily basis?
Just look at how many “therapists” there are.
“Dannon and Sovaldi are not REGULATED.”
There, fixed it for you.
4 dollars is 2 days pay for a poor Indian.
1000 dollars is 10 days or more pay for a poor American.
Phoenix,
Nothing is absolute and when something affects us negatively, our feelings and outlook is skewed. I get it. That’s all I can say.
Lib,
It’s extortion. Paid for by bribing American politicians, Democrat and Republicans alike.
“The question we will eventually have to ask, is if it’s worth it.”
You mean, those with money get to live, right??
Eddie,
I too was once a patriot…..
https://super.walmart.com.mx/yogurt-individual/yoghurt-danone-sabor-fresa-120-g/00750103233244
5 for $1.05. 120 grams each.
Imagine the profit margin Dannon makes at Shoprite when nearly the same yogurt sells for $.79 each. 150 grams each, but not imported.
The numbers are dissolving into nothing:
https://www.worldometers.info/coronavirus/country/us/
Those 21 cent Dannon yogurts are manufactured in either Kansas or Ohio and are trucked to Mexico.
Lib,
What is a human life worth?
I’m sure its in some database somewhere.
Worked with a resident the other day. A really sick guy, young, just poor genetics, not his fault at all. The topic of reimbursement came up.
I asked him, why not go into finance when you can make way more than being a doctor.
He said ” I went into this to help people.”
Build a warehouse in Mexico, right on the border.
Buy American products, reload them right back on the truck and sell them in Texas for half price.
Even with transportation costs you might be able to turn a profit.
Of course, there will be the “legal” fight from the corporations…
Phoenix,
Sorry if I missed it in the past… are you a doctor? You’re in the medical field but what is your title, if you’re allowed to reveal here. I may have medical questions. LOL. ;)
Lib it’s all about what the market will bear, most branded foods in the US are inflated many fold over the real cost but they use promotions and sales far more often in the US as a gimmick. Also I’d bet mexican walmart has a smaller margin on the sale of the item and danon is competing with domestic producers who are charging a similar amount(4 for a dollar).
Medicine is a bit different Sovaldi selling for $1000 a pill is a direct result of our healthcare model, insurance pays and just passes the cost back, there is very little effort going into cost control because the medicine is necessary and versus the long term treatment of the disease the drug is way cheaper so denying the drug isn’t going to save any money. Most other parts of the world the government dictates the prices, when all of your R&D and then some are funded by the US patients any additional sales are gravy. What seems curious to me is if I had to pay 80k or even 40k for this drug, I could take a nice beach vacation to Goa for a lot less money and buy my course of treatment for the $500 it costs in India, or even closer to home what does it cost in Mexico? How does the drug company prevent arbitrage?
My G0d, she’s painful in so many ways…
https://www.youtube.com/watch?v=TA6FzwjJpgk
Засыпайте быстро с расслабляющей музыкой
JCer,
Yup. Our healthcare model fosters innovation for sure. But at some point, the cost of this will become such a large piece of our personal budgets that socialized healthcare will step in and collectively reduce prices which is essentially what you are saying.
Believe me. If I ever need major dental work, or run-of-the mill surgery once retired, I will surely make a vacation out if it and get the work done internationally. Of course, I plan to live internationally as well.
I’m getting quotes to remove a 100 year old dead oak from the rear of my multi. Anyone want to speculate on cost? This tree towers over the house.
We pay it, because we can pay it…
No, it’s because the government and corporations have setup a heads I win, tails you lose system. Corporations only like globalization when it serves their ends. They want the benefits of being able to move manufacturing to wherever labor is cheapest with no environmental regulations. BUT they do not want their customers to move their purchasing to where it’s cheapest (e.g. bans on importing various goods). Global production for them and geographic price segmentation for us is the name of the game. As soon as the market starts working rationally for everyone, there’s lobbying and lawsuits. How else can they squeeze all the cash from US consumers if they’re undercut by their identical initially foreign-sold products?
Lib, I think I commented on this before $5900, can they easily get the crane in? If the crews aren’t busy you can probably find someone to do it for $2500, I have found pricing to be totally based on if the crews are busy, if they are idle they will drop pricing way down.
Crane job 5-6k.
Take down every tree you can from the single crane position – it won’t cost much more.
“Strategy for vaccinating minority groups is the single most important go-forward in the US. Idiot republicans will come along eventually anyway.”
Perhaps the true idiots are the ones from certain of the Feds to random individual posters on anonymous internet boards who don’t account for natural immunity….
Anyone want to guess the infection rate among those minority communities? Children? Relative strength of immunity conferred from vaccine v. infection?
Why do we continue to develop the west? It’s beyond ignorant. They don’t have the water supply for this, yet we keep building. Insanity.
It’s no different than coastal real estate. Beach property is a game of musical chairs. Last one holding is the loser. Yet, smart people paying millions for property that will go underwater.
https://www.wsj.com/articles/the-southwest-is-americas-new-factory-hub-cranes-everywhere-11622554044?st=f05dwb908vwq77x&reflink=article_copyURL_share
Yup.
If it’s over 3K, I’m gonna be pissed. It’s a crane job for sure. Found some dudes through a Facebook connection who are based in East Orange and are legit (licensed). Will be interesting to see where they come in in price compared to the regular local gougers. Quite frankly, I am hoping they drop the tree on the house.
“…he immediately deflected to black on black crime in Obama’s Chicago streets…”
Kind of like you on trump for about ten or so posts?
;)
All of the younger people (30’s and 40’s) I know that died are from the district I work in. They definitely got hit harder than other places for whatever reasons.
“Anyone want to guess the infection rate among those minority communities? Children? Relative strength of immunity conferred from vaccine v. infection?”
Extreme drought across the Western U.S. has become as reliable as a summer afternoon thunderstorm in Florida. And news headlines about drought in the West can seem a bit like a broken record, with some scientists saying the region is on the precipice of permanent drought.
That’s because in 2000, the Western U.S. entered the beginning of what scientists call a megadrought — the second worst in 1,200 years — triggered by a combination of a natural dry cycle and human-caused climate change.
https://www.cbsnews.com/news/drought-western-united-states-modern-history/
https://www.wusa9.com/article/news/investigations/mpd-admits-it-tear-gassed-protesters-june-2020/65-b91a5d65-b683-4e22-b30a-7a740e9cf61d
Worst president ever. :P
Yea, let’s make our economy dependent on a region suffering epic droughts. Let’s bring in more people because that’s the smart thing to do.
They should be cutting off migration to this area. Instead, they go all in on this region.
“Operation Warp speed gave contracts to several vaccine companies include Pfizer/BioNTech, Moderna…$1.95 billion was paid to guarantee the first 100 million doses coming out of their factories in the USA pre-FDA approval.”
Thanks Juice. was going to reply with the facts as well……much easier just to blindly bash Mean Orange Man as the source of everything bad even though he’s gone……
Pretty sure Trump is to blame for the extermination of the Uighurs, the volcanic eruption in Iceland, and the asteroid passing noticeably close to Earth today too.
Yes Left.
I do it, because the only thing worse than a two party system is a one party system. And though the right doesn’t see it. No amount of creepiness, senility and race placating from the left is going to stop the United States from devolving into a one-party system. Trust me, the more the right embraces populism, the greater the likelihood the left is going to be voting against the right and not for the left, which explains how we got Kamala and Biden in the first place.
I know I am not changing any wonky minds here. Just remember it when it happens.
After the Trump incited Qanon insurrection, the left pretty much has blanket immunity for life. Yet, the right is embracing the policies and practices of Trump. Good luck with that.
“Worst president ever. :P”
Well, on Lafayette Park we can agree he was terrible….
Fcuk the gas, should have used batons and rubber bullets.
;)
“After the Trump incited Qanon insurrection….”
Rrriiiiight…..
Well, we’ll never know. Trump spent 4 years investigating Benghazi Gator says, but the right pussed out (filibuster) investigating itself. That’s alright. The party is over.
Lib: We are going to one party rule, and it will be the Left who wins. The old geezer Democrat moderates like Biden and Harris will be pushed aside. It has happened in Europe and other places as history has shown.
“No amount of creepiness, senility and race placating from the left is going to stop the United States from devolving into a one-party system.”
The former is one data point among many toward the latter.
I agree with you….a one party ‘system’ may very well be likely. I’ve said tongue-in-cheek on here be careful what you (broadly, the Left) wish for while embracing personal tracking, cancel culture, and such because history shows one side implements and the other side ‘perfects’ the methods….
I’ll even put a time frame on it…something else I’ve said here before, hell I wrote paper on it in one my college Government classes….
The radical Left and the radical Right have more in common than either does with its respective mainstream Party. There is not a political ‘spectrum’, a line with right-left opposing ends…..there is a political ‘ring’ with the radical right/left intersecting on one side and the Establishment left/right intersecting on the other…
When those two groups of ‘radicals’ have agendas that stop them from tossing bombs at the other side’s Party they will instead combine interests…it is then the devolution takes place and the bombs are collectively tossed against both established Parties…
Those doors have opened…not wide, and no one is walking through them, yet. But they are opening.
Libturd,
The tree removal should be under 3K, closer to $2.5K I’ve had 5 huge pine trees and two oaks toppled due to storms (4 months apart) taken from my property over the last two years. I know tree costs.
Regarding the Kamala joke.
BRT, want to explain to us, scientifically, how different “20lbs of batteries” is from “one rolled up solar panel”.
I’m not a scientist, but I know that it’s like comparing an orange seed to a dozen cans of orange juice concentrate. Production vs storage is two different things. I wonder how many hours it would take the best portable solar panel to charge 20 lbs of quality batteries. And guess what, if you’re carrying around a solar panel, you will be carrying around batteries for it to charge, too.
My guess is the “joke” was written by some young person from a top university who majored in political science or race/gender studies, and has no clue about how electricity works, besides needing it to power their instagram and twitter phone.
Probably as dumb as injecting bleach, but the big media “comedians” won’t be going after this one.
Lib, I’ll let you in on a secret with a lot of these tree guys. They all park their equipment out in Wharton or Dover for our area, they all talk to each other and most use the same laborers and climbers. Who ever you call will know exactly what the last guy quoted, you need to know exactly what they will have into a job to understand what a good price is. The laborers get anywhere from $150-$200 for a days work and the climbers get $400-$500 same for the crane operator. Tree company will assume a full day for your tree as any job they can take after it will be a small job nearby if they can find it. So the owner of the tree company is going to look at his cost for doing your job $1400 in labor plus gas, consumables, the cost to bring the equipment to you, cost to dispose of your tree(if the trunk is any wider than 20 inches or so they can’t chip it and need to truck it somewhere and pay to dispose of it,) etc.
If you look at the labor cost and multiply by 2, I find that is rock bottom for most tree guys, so $2800 or about would be the floor to do your job and likely the company isn’t making any money at that price but they like to keep the crews busy and it pays some of the capital expense. Likely the best deal you’ll find will be $4500 because the tree company is making some money at that price, tree guys look moderately busy at the moment.
I’ve had something like 50 trees of various sizes taken from my property and have found this to be the case in my experience. The last one was towering over my neighbors house(but yet again on my property!) but not so big 28in trunk 70ft tall, he got a $5900 price, I think I paid $1K when I had them here doing other stuff and they did use a crane, total bill was $1800 for 3 smaller trees taken by hand and the bigger one, they bid a half day, I understand some Spanish and heard the owner complaining the job was underbid as they wound up being here for almost 6 hours. We actually pay significantly less for tree removal here than in the Midwest because we have so many Hondurans who do this type of work.
I had to look up what you are referring to. But yes, scientifically illiterate Vice President and speech writer.
Cheap guys don’t own cranes, usually have to rent them. It’s a lot cheaper to be able to drop a tree with minimal equipment.
Not to mention once you get into a house/deck overhanging situation, the price jumps pretty significantly as there will usually be extra guys brought in.
And all the tree guys are doing clear-cuts for the pool guys.
Like my neighbor a few houses up, who was sick of leaves in his pool.
Too bad, his wife would have appreciated a pool boy.
Life a beach down here in Monmouth County. Kids graduation party will be at the beach club in two weeks. That strip of sand know as Sea Bright has an interesting history. You would never know it was all wiped out by Hurricane Sandy. Everything including many homes have been rebuilt bigger and better.
Some pictures..
http://www.monmouthbeachlife.com/just-beyond-mb/sea-bright-beach-clubs-history/
The good news is, no houses terribly close to tree. The bad news is, the tree is pretty far from the street and we’ll have to drive the crane up into the side yard most likely. Doubt she’ll fit up my driveway, plus lots of powerlines over there.
Captain Cheapo does his homework. Found lady with similar situation on local facebook group and got quotes that looked like this:
Uncle Matty’s, North Arlington, $5200
Willy & Luis, West Orange, $2600
Trusty Tree, Dover, $4500
Royal Tree, Elizabeth $3500
Nivelo Tree, Orange, $8500
All for the same tree.
We’ll see how I do. I asked the lowest three from her list to bid.
Get back to work Juice!! Just kidding. Enjoy!!
Lib,
They had to lay plywood down over a large section of my lawn, take two sections of stockade fence down in order to get the crane close enough for the pine trees. Each tree was about 60 to 70 feet.
I got what I thought was a deal last spring during lockdown for pruning, crew came 1/2 day for $1600 and cleaned up front and back, no wait they came same week when the estimator came by. Several large trees pruned and one large willow tree and I had them pull a bunch of smaller trees too. The willow was the big concern, it loses lots of branches and took out part of my fence last year. Climber had to get up there about 30 ft, more than I am willing to even try..my ladder only extends to 18ft anyway, and any fall greater than 10 feet could be a life changer.
this tree was here before the house was. The house is 95 years old. Do the math.
re: “back to work”
Shusshhh don’t tell Pumps..NYC office occupancy barely 10 percent in midtown..
https://nypost.com/2021/05/31/nyc-office-landlords-back-to-work-fear/
If you look in the backyard, it’s the tallest tree. View is from the street.
https://goo.gl/maps/LEsrCS5e1Xg3AUDd9
Shusshhh don’t tell Pumps..NYC office occupancy barely 10 percent in midtown..
That just means that the capacity is going to skyrocket 300% from here!
Landlords prefer occupancy to be at 10%. They call it dollar cost averaging.
Bankrate survey claims most millennials regret buying their house.
Juice,
If this really happens and people never go back to work in the city, it’s going to set off a depression this country might never recover from. How are you going to pay for NYC? What are you going to do with all these people? How will they live in a city that has lost all its tax revenues?
This will impact the pockets of every single American as it will destroy the economy like dominoes. That’s why it will never happen. The fed will keep helping these landlords so they don’t default and take down the rest of the economy with them.
“The stakes couldn’t be higher. Without large-scale office reclamation, the Midtown and Wall Street commercial districts — and the whole city — will be in trouble. Landlords could default as tenants stop paying rent on near-empty space (seen so far at only a handful of locations, such as Condé Nast at One World Trade Center).
Office-tower values would plummet along with the tax revenue they generate for the state and city.
We’re in for a long, nail-biting summer.”
Relax pumps we all know real estate crashes never happen. Prices and rents only go up. Nobody ever misses bond payments, defaults never happen, credit default swaps are a great investment heck I bet we can find you some nice commercial MBS to round out your portfolio of winning ETFs.
Don’t lose sleep we can always lower rates to juice the economy. Heck the bank might even charge you money to keep your money on the sidelines. Not a thing to worry about, the sun always rises just like housing prices.
What’s that saying, buy when there is no one in the streets?
Relax juice, people like your wife are going back to work in the fall.
“JPMorgan Chase CEO Jamie Dimon recently said, “My view is that sometime in September, October, it will look just like it did before.” “
I am happy the stigma is gone. I would have used the masks before COVID if it even were an option. I might even wear them on public transport during the winter too. People are inconsiderate and slobs.
Grim says:
June 1, 2021 at 9:44 am
I’ll wear a mask on a plane and at an airport from now on.
I’ve flown a lot, more than most people. I used to get sick a lot, always post trip.
Didn’t DICE coin the term “the ol’ ventilating meat pipe”?
BidenIsTheGOAT says:
June 1, 2021 at 9:51 am
Medical grade mask or toilet paper mask? Two different things.
If you can tolerate restricted breathing for long periods of time, more power to you. I’ll rely on ventilation.
I would bring wipes on the plane and completely clean off the chair, tray table and overhead. I got to the point of being really pissed off at being sick before and after travelling. When I’m on the road, I need to be at 100%. I can’t fcuk around with stupid sh!t.
Grim says:
June 1, 2021 at 10:06 am
In 2019 I started using antibacterial wipes on planes.
These numbers sound correct. I do know the zip code location impacts the price.
Definitely do it ASAP, because we haven’t entered summer/fall storm season yet. We have had some really good storms in during 2019-2020 that have cleared out a lot of crap. That said, the stimulus money warps everything. Off the books/cash is going to help, because the workers are going to be on stimmy-unemployment and don’t want to mess with the bankroll through September.
Libturd says:
June 1, 2021 at 12:26 pm
Yup.
If it’s over 3K, I’m gonna be pissed. It’s a crane job for sure. Found some dudes through a Facebook connection who are based in East Orange and are legit (licensed). Will be interesting to see where they come in in price compared to the regular local gougers. Quite frankly, I am hoping they drop the tree on the house.
Juice: my son is graduating 8th grade…… we are probably going to do Rum Runner. I am neutral, but it is a nice venue and my wife is calling the shots. It is an adults party.
Juice Box says:
June 1, 2021 at 3:44 pm
Life a beach down here in Monmouth County. Kids graduation party will be at the beach club in two weeks. That strip of sand know as Sea Bright has an interesting history. You would never know it was all wiped out by Hurricane Sandy. Everything including many homes have been rebuilt bigger and better.
Some pictures..
Also, the son of the owner of the Music Man is in my son’s grade. They are doing some kind of beach party for the masses on 6/9 in Lavallette….
In New York
Empty City which memes make fun of
Because they are all true
Now you’re in New York
Pray that homeless won’t try to stab you
Look out one’s behind you
Let’s hear it for New York
New York, New York
I bought ticks to see the Judge at a Yankee game
Shit, M is stopped cause some bum pushed another dame
Tried a Lyft, set to go, but driver won’t do Bronx so
found a brother on a bike, he too wouldn’t go
Welcome to this former place, where once hot pretzels sold
sit empty trash cans, where only blunts are rolled
6th Ave., Wall St., Madison, Avenue E, so much vacancy
For foreigners, it ain’t fair, they no clue it got this bad
No more Spideys, Mickeys, nor even the Naked
Cowboy, if your Asian, like a man, just take it
Me? I gotta thank Wuhan Flu, “I work from home”
Got enough time on my hands, to write this stupid tome
Drugs in the square, shots heard in Harlem
70s are back—say goodbye, Metropolitan
From 2 to 6am, the MTA’s got no peeps
Never thought I’d see it, the city finally sleeps
Miami out of control…you guys complaining about nyc.
https://twitter.com/nbcnightlynews/status/1399883468234964995?s=21
find me some good news in NYC. No one gives a crap about Miami. We live here.
Revisiting my February predictions after we have already fallen below summer baseline from last year. BRT vs. world class epidemiologist. Game, set, and match, I hope…
There is already a significant part of the population that quit on covid. As people get vaccinated, they join that group. 50% vaccination heading into summer with natural drop off in cases from seasonality factors. Last year, we saw a baseline of 300 cases per day at the state level, which is incredibly miniscule. The fact that people were still freaking out in that environment is pretty laughable. With a significant portion of the population vaccinated along with a large percentage of the population having recovered from actual infection, that baseline number will be significantly lower IMO.
Cases are rapidly declining and we can probably get to a point where people can purchase monoclonal antibodies as prophylactic to prevent infection outright. According to Osterholm, there’s a hurricane out at sea about to hit us and run rampant. The viral mutations. I’m not so convinced.
IMO, it will be all be in the rear view mirror. Booster shots probably going to be a thing going into the fall for prevalent variants. I’m predicting the fall 3rd wave is a minor blip. Osterholm seems to think we have a category 4 hurricane coming in the next few months with the variants, I’m not buying it and the data doesn’t seem to show it either. We’ll see who’s wrong.
If 20% of the population had it, 1 out of every 5 exposures is a complete dud as far as virus transmission. If another 20% are currently vaccinated (not sure how many are in texas), 2 in 5 exposures is a dud. We don’t need herd immunity to bring the levels down to baseline like we did last year. We need herd immunity to drop the case rate to zero. I stand by my prediction that we will be rid of this problem by May/June. That’s not to say people still won’t make a big deal about it.
Suspect we’re going to see at least a year or two of residual covid death count being non-zero, simply due to the fact that people will die of other causes while coincidentally having asymptomatic or even minor symptom covid. Covid deniers will claim that it’s a concerted conspiracy to muzzle the masses, covid panicked will point to it as evidence of covid never going away.
I was in Miami Memorial Day weekend 20 years ago, things have not changed at all since then, mostly southern state residents gather there to party ever Memorial Day weekend. The music industry uses the weekend to promote new acts and release new albums, and many times the musicians and entourages fight in the streets. I saw allot of open marijuana smoking, fights everywhere, gun play usually at night, the hotels struggled with security to keep non-guests out. Lots of litter, club promoter flyers, murals and graffiti, kids riding ATVs all over in the streets, and basically late night chaos at South Beach. We attended an exclusive party that was filled with pro athletes, artists, etc heavy, heavy security for the event to keep it from getting out of control. Anytime the city official put in restrictions such as closing the bars and clubs early the usual groups threaten lawsuits.
I follow the workplace survey data very closely.
What’s coming out of the most recent data, is that workers want a mix of office and remote, and that’s now stronger than ever (and trending higher towards office).
6-12 months ago, the data was pointing to full remote, we’ve seen a pretty sizable shift towards workers that want hybrid, and managers that want employees in office.
So we’re seeing data shift from 0/5, to 1/4, to 2/3 or 3/2 now. The difference is that people are getting comfortable, and that hardline position that had them favoring full remote, that’s going away to some extent.
This type of hybridization still keeps employees regionally located. Will there be more remote? Of course. Will there be more hybrid? Absolutely. Are we going to see full remote as an option? Every day that goes by, it seems less and less a chance.
The recent EEOC/CDC announcement about employers requiring and even asking about vax status sent HR teams celebrating. This was a major factor. When NJ announced no masks for vaxxed in the workplace – that sent a clear message to the business community that social distancing and masks would not be required in the workplace (making the physical brick and mortar more of a reality). If NJ is good with this, the entire rest of the country will be good with it.
The situation is incredibly fluid still, but it’s clear there was an overcorrect to remote, which is shifting back right now.
Some competitors that reduced brick and mortar capacity domestically during covid, are feeling very, very stupid right now. Clients are beginning to press on returning to the office again – arguing that it’s not possible because of social distancing, masks, not being able to require vax, it’s a HIPAA violation, we can’t require unapproved vaccines, blah blah blah – that’s all going away FAST.
grim,
Thank you for the insight.
Re: HIPPA violation, that would be subject to interpretation. Many times HR does know about your medical needs, especially if they self insure to a degree, the approval process for example a heart procedure that is $$$$ etc.
The feds via the Federal EEO JUST SAID laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for COVID-19, so long as employers comply with the reasonable SAFEGUARDS on the data and questionnaires as to not expose a disability, that would lead to workplace discrimination.
https://www.eeoc.gov/newsroom/eeoc-issues-updated-covid-19-technical-assistance
That’s a monumental shift from not being able to require or inquire about vax.
The Texans fighting this, citing f*cking Nuremburg, are looking like idiots.
The other wildcard will be scheduling.
What I mean is, if you have dreams of being able to take your WFH days on Monday or Friday – you better think again. It’s far more likely that days will either ad-hoc or rotating. Rotating days start to make WFH far more complicated for the employee as well. For a junior employee, it might mean your rotating home days flex as either Tues/Weds/Thurs, as more senior employees get the coveted Friday at home
All of this starts to really temper the enthusiasm around at-home. Lower-level salaried employees will revolt at being put in a staffing scheduling model that’s more similar to what an hourly retail worker sees. Asking “what’s my schedule next week” is going to start to get old fast.
Eddie,
As per your questions yesterday, PM me if you like.
Juice,
As far as the vaccine goes, I’m not a fan of a personal business forcing you to take something when the government doesn’t even force it.
And I’m not an anti-vaxxer. It just seems odd.
Your Miami trip sounds like fun.
“as more senior employees get the coveted Friday at home”
At some places. Seniority doesn’t mean as much as it used to in the past in industries where there are shortages of workers, mine included.
re: Monumental shift. They are going to do it in committees and procedurally etc since companies did not get a blanket liability waiver from Congress and Biden.
So for now as long as they follow CDC guidelines they can avoid COVID-19 liability claims. CDC guidelines as we know are very fluid these days. You can expect them to be completely watered down to the point they are gone soon enough.
Grim,
For the most part, Covid just picked the low hanging fruit, with few exceptions.
It could have been tempered with more restrictions early on to allow the system to handle the workload. The restrictions came too late.
It was all too much at once. What most people don’t realize is that the medical system doesn’t have that much overcapacity built into it.
It also showed that America is completely unprepared for something like this.
I think it will do a bit better on the next one, should it occur.
Unless it has a higher mortality rate or an affinity for the youth.
For companies to realize the benefits of hybrid, they need to reduce office space – inherent in that is the need to now schedule salaried employees. That’s the challenge. Maybe it’s by seniority, maybe it’s random, maybe people will bid for schedule. Whatever it is, it’s going to be new, and half the office aren’t going to get the best slots, or anything resembling schedule certainty. The model doesn’t work financially if everyone thinks they get Monday and Friday at home. Hot desking goes from being hip and cool to a real pain in the ass.
So when marketing needs all the space for an all-hands meeting on Wednesday, and you guys in finance need to come in on Friday to make up for being out on Wednesday. Y’all not going to like it.
Phoenix – just-in-time (JIT) inventory system for supplies etc, as well as cheap labor overseas. You can expect the idea of stockpiling and manufacturing at home to disappear, as well it’s happening already.
Supposedly 50% layoffs already in the domestic PPE manufacturing business. Unless Congress acts to subsidize like we do with farmers the idea of making PPE and other critical supplies here at home will die on the vine.
From Pravda over the weekend.
“Mask mandates have eased, a welcome milestone in the battle against Covid-19. But for the two dozen domestic companies that jumped into the mask-making business last year, the good news comes with a downside: a calamitous drop in sales.
Some of the slackening demand is tied to the loosening of masking guidelines by the Centers for Disease Control and Prevention, but industry experts say a bigger factor has been the return of inexpensive protective gear from China that began flooding the American market earlier this year.
Industry executives and some members of Congress have accused China of dumping, noting that many imports are priced so low — sometimes a tenth of what American factories charge for comparable products — that there is little chance for domestic companies to survive.
In recent weeks, at least three companies have stopped producing masks and medical gowns, and several others have markedly scaled back production, among them Premium-PPE, a year-old surgical mask-maker in Virginia that recently laid off most of its 280 workers.
“Our industry is in break-glass mode,” said Brent Dillie, the co-owner of the company. Like other start-ups, the company got into the mask business after China, the world’s largest producer of protective medical gear, halted exports at the start of the pandemic. “Six months from now, many of us won’t be around and that won’t be good for America the next time there’s a national health emergency.”
The crisis faced by domestic producers is an urgent test for the Biden administration and embodies two of its most important priorities: shore up American manufacturing and ensure that health care workers will never again scramble to find adequate protective gear. Those shortages, health experts say, most likely contributed to the high rates of infection among frontline workers, more than 3,600 of whom died of Covid-19 during the first year of the pandemic, according to a tally by The Guardian and Kaiser Health News.”
https://www.nytimes.com/2021/05/29/health/us-china-mask-production.html
Saw a picture online of Old Navy doing a blow-out clearance on masks – $1.00 for a 3 pack.
It would not be called WORK if it was fun.
“work-life balance” BLA BLA BLA folks.
It will be back to the coal mines, or else. All that is left right now is the crying…..
Juice,
Not only that, but expiration on what you do stock. You can’t imagine the waste where I work due to expiration of sealed items that you need to have on hand for emergencies-but have a relatively short shelf life, and are very expensive.
It’s like the epi-pen thing. Expensive with short shelf life, but then they test the expired medication and it’s still eighty percent potency ten years past it’s expiration date.
You have to wonder if that’s built into the system. Or just fear of the American legal system.
I never left the coal mines. What’s it like out there?
The medical profession took the brunt of Covid.
The teachers sat home and enjoyed themselves. They got the best deal of all.
It also showed that America is completely unprepared for something like this.
I think it will do a bit better on the next one, should it occur.
Unless it has a higher mortality rate or an affinity for the youth.
Really? The fall-out shelter camp was sure that a global pandemic would wreak havoc on the world. Dark ages type shit.
The reality of it? Wasn’t so bad. World vs. Pandemic? The world won. One less thing to worry about in the scheme of global mass destruction.
Illustrated something very important, the global community will rally to help to the global community in challenging times, not devolve into war.
Each industry is different and many roles in organizations historically have little in-office requirement. To avoid red herring arguments let’s focus on those businesses and the employees that pre-pandemic were primarily office based.
From an individual employee perspective there is a large swath of performers who are capable and would be fully effective WFH, for a majority of the time or even in total. Problem is they are often corporate ‘anchors’ or the backbone of the corporation and they bring to the corporation intangible benefits that are currently harvested at the office. Until and unless those issues can be addressed – which include oversight and performance improvement of others by peers – corporations are not going to be inclined to spring these employees free to WFH for substantial periods.
Run the analysis. Use a typical 1 (highest) through 5 (lowest) performance ranking system. It is easy to conclude how substantial WFH just doesn’t work operationally for the typical corporate structure.
Or, conversely from an employee’s perspective, if permanent WFH is viable for your job yet you view yourself as an above average employee in a vital role you should reconsider. If the sum of your work effort is nothing more than exclusively the 0s and 1s of output you are at serious risk of being replaced by a lower cost, equally remote worker pushing out those same 0s and 1s.
All is well in the USA now the the pandemic is unofficially over, look Six-Flags reopened in St Louis and it all back to normal, people again are fighting over their right to eat delicious Six-Flags turkey legs…
https://twitter.com/Younis_Hussein_/status/1399859290882646027
Quoting clot. Nice throwback.
Juice Box says:
June 2, 2021 at 8:13 am
It would not be called WORK if it was fun.
“work-life balance” BLA BLA BLA folks.
It will be back to the coal mines, or else. All that is left right now is the crying…..
“Illustrated something very important, the global community will rally to help to the global community in challenging times, not devolve into war.”
Well, it showed that plenty will step up when the job needs to be done. Wasn’t so bad? Well, it depends on who you are-some paid a heavy price.
It wasn’t bad as, like I said, it picked low hanging fruit. The next one maybe not.
Have to go to the Depot today. Always reminds me of this scene. I never get someone this knowledgeable about a product.
https://www.youtube.com/watch?v=-N_UuImPL4E
India’s Covid numbers continue to drop.
Time to restart production.
Left: still remember corporate life. My peer used to be at his desk at 8AM and his boss at 9AM. The Treasurer would always be in at 7AM. The big boss would wander out looking for an answer before 9AM and my friend got easy face time. He got the first promotion out of sequence. He deserved it, but in memo land, it was an elegant trick to pull off.
re: “You have to wonder if that’s built into the system.”
Ah yes planned obsolesce.
Go look in your cabinet for salt. Table salt, sea salt, kosher salt etc. See if it has an expiration date. It does and it will last for many millions of millennia longer than you.
I don’t understand this too well, but you finance guys might like it.
https://www.dailymail.co.uk/news/article-9642205/AMC-shares-soar-nearly-23-fund-buys-flips-230-mln-stake.html
Considering the bunker camp predicted that global pandemic would surely require armed combat in the streets to protect your family, yeah, it wasn’t so bad.
Grim,
Thank you. If it comes out of my mouth, people like 3b just blow it off.
WFH/ vs hybrid, will depend on the type of business and the companies involved. The younger people with children want it as per multiple employee surveys at several large companies over the past year. Senior management mixed, on it and some hate it, like Jamie Dimon and my wife’s boss. Others are open to it. Some smaller firms have gone totally or are in the process of going totally remote. Other firms are continuing with being geographically agnostic when filling open positions. You can have everyone back in the office, and still need to Zoom as other members of your team are in different locations. It’s all evolving and will continue to. The everyone in the office from 9 to 5 , 5 days a week is dead.
If people were smart, they would not embrace it. Long term, it’s going to destroy your wages as you have to compete with a global workforce that is much much cheaper. WFH will absolutely destroy Americans standard of living. And people are cheering this on…smh
You want to protect your American job by forcing it to remain local and exclusive to local competition. Don’t open that door to easy global labor arbitrage or you will be sorry.
The teachers sat home and enjoyed themselves. They got the best deal of all.
Only the Abbotts and other lower tier towns. I got the worst of it. Working in person teaching from the beginning of Sept while becoming a primary instructor for my children who were denied in person school nearly the entire year.
Like grim said.. aka not a set schedule..and you will hate it.
“The everyone in the office from 9 to 5 , 5 days a week is dead.”
GP, or Jeep, or Pumps
Gonna happen anyway. It’s a race to the bottom.
BRT,
The ones where I live did fine too. And no way are they Abbott.
But, like anything else, not all were on board with this. My guess a very high percentage. I live in a blood red area. Little to no blue here.
Our lives were very structured pre-pandemic because of the commuting time. This is the very reason nobody wants to go back.
Our example.
My wife was up very early 5 am if she wanted to work out at the gym and then catch boat to NYC to be at desk by 8AM. At desk until 5PM to catch boat back home by 6:30 PM. If there are client dinners or work events stay late catch maybe 9PM boat or car service home.
Me 6 AM and then kids up for school, dressed, fed and then in car and dropped off by 7:30 AM for “before care” until 8:50 AM when school starts. I was on the highway and gone to office by 8:00 Am or latest 9 AM depending on which disp*hit rear ended somebody on the parkway. Usually on 8AM call in car while sipping coffee. I would leave at 5 PM to get kids by 6PM latest pickup time in “aftercare”. I was able to work two days from home to break it up. I picked Tues and Thursday to WFH. No consecutive days and I was always there Monday for the important meetings and Friday to COVER when everyone else wanted off. I could even flex a bit when needed for soccer practices and other kids stuff.
Now there is no commute, massive amount of time not wasted that could be put to a more productive use than polluting the air and stressing over traffic and delays etc etc.
There is going to be allot of gnashing of teeth when companies force the commute back so go long dentures…
It’s why I invest in Ark funds. If I can invest hard into it over the next 10 years, I should be able to save my family from the race to the bottom.
Phoenix says:
June 2, 2021 at 9:05 am
GP, or Jeep, or Pumps
Gonna happen anyway. It’s a race to the bottom.
Paterson only called teachers back today, and they are still all virtual, no?
Juice,
For some careers, commuting is a real inefficient way to work.
It shouldn’t go back for careers like that. It makes no sense.
Your careers appear to be better done remotely for the most part.
I also think that travel expenses to your first W2 should be a write off . I’d vote for that.
Jeep,
Best of luck with your Ark funds. Hope it works for you and your family.
re: “Paterson only called teachers back today”
NYC not much better just went back a few weeks ago. A soccer parent I know is a NYC teacher. He told me 90% of the kids would not be able to pass the NYC state regents test, so they cancelled the standardized testing. Feds still wanted some of it done this month so they are doing English, Math etc. We shall see how bad it is it’s going to as we are socially promoting millions of students.
http://www.p12.nysed.gov/assessment/schedules/2021/regents-exam-schedule-june-2021.pdf
Phoenix,
How do I PM you? lol. Is there a feature on this blog that I’m unaware of? :)
Oh BTW more on the PPE from the NYT article, since it is behind the paywall.
“The (mask makers) association is planning to file an unfair trade complaint with the World Trade Organization, claiming that much of the protective gear imported from China is selling for less than the cost of production. The price for some Chinese-made surgical masks has recently dropped to as low as 1 cent, compared with about 10 to 15 cents for American masks that use domestically produced raw material.
“This is full-on economic warfare,” said Luis Arguello Jr., vice president of DemeTech, a medical-suture company in Florida that earlier this month laid off 1,500 workers who made surgical masks. He said that in the coming weeks, 500 other workers who make N95 masks would also likely be let go.
“China is on the mission to make sure no one in the industry survives, and so far they’re winning,” Mr. Arguello said.
Pravda also quoted Mike Bowen who was blasted in the press last year for not running his production lines for N95 masks at night and ramping up production.
“The industry shakeout comes as no surprise to Mike Bowen, the co-owner of Prestige Ameritech, a Texas company that is one of the largest mask manufacturers in the country. Mr. Bowen, who has been in the business since 1986, has long warned political leaders in Washington about the nation’s dependence on foreign suppliers.
“I have 14 years of letters to presidents, members of Congress and hospital executives telling them a whole bunch of people are going to die without serious changes, and that’s exactly what happened,” he said.”
Grim has my info.
China regularly subsidizes their industries to bring in the product below the cost of raw materials, not even production. That means, you have 0% chance of beating their price domestically. Once they drive the domestic industry out of business, they raise prices again and roll back subsidies. Like him or not, orange man was the only president who even acknowledged this and tariffs are the only way to deal with it.
Paterson only called teachers back today, and they are still all virtual, no?
Every Abbott played “run out the clock”. There’s 2 weeks left of the school year. Nobody will even show up.
But, like anything else, not all were on board with this. My guess a very high percentage. I live in a blood red area. Little to no blue here.
Most suburbs were ready to return. Elizabeth set off a chain reaction that prevented teachers from the suburbs coming in because their kids were required to be at home. This filtered it’s way through the system and was perfectly correlated to household wealth. So as a result, wealthy districts were all in person very quickly. Mid tier, some of them were, some of them weren’t. Lower tier, almost none of them opened.
Hearing that a lot of schools are pulling Physics classes for next year. A lot of kids had a bad year in math so they are not up to the level to be successful.
It will be interesting to see the long term effects of this teaching year.
This video never gets old. Understand WFH is a vehicle to outsource your job. Do not embrace it. Your future self will thank you.
BRT, this video sums it up when it comes to tariffs.
https://youtu.be/EAHM9rXjdUo
A lot of kids had a bad year in math so they are not up to the level to be successful.
Not the Catholic Schools, they’ve been in the classroom from day one. I have a contractor doing some work for me. He has one daughter that went to a Catholic High School, the other went to Public… both schools in Bergen County, just for reference. He said the Public Skewl is a rubber stamp and nothing more… push them through. He also knows a higher up in Trenton, says the school unions have all the say, there’s nothing Trenton can do. The union calls the shots, end of story. The teachers union needs to be disbanded and once disbanded, the former leaders need to be flogged and humiliated.
Biden really showed his racial politics roots yesterday. I can’t recall a sitting politician whipping up racial hatred quite like that. It was astonishing. All his democratic klan brethren must be proud.
Did anyone see where he said minorities can’t start businesses because they don’t have lawyers and accountants. Wtf.
This pos is a vehicle for radicals and is hurtling is toward catastrophe.
A relative is a 2nd grade teacher in one of the Abbott districts. I looked up said relative’s salary… 110K. Not bad for a year off.
And end Phil Murphy’s dictatorial covid powers NOW.
He doesn’t have any medical or public health expertise and is using fear to advance his personal political agenda. The state will suffer the consequences.
https://www.newsweek.com/china-state-media-says-country-must-prepare-nuclear-war-us-after-biden-asks-covid-probe-1596568
…minorities can’t start businesses because they don’t have lawyers and accountants. Wtf.
Dementia opens the door to a form of Tourette’s syndrome; it enables thoughts to be heard for all to witness. 2022 is going to be a bloodbath for this administration.
After 4 years of telling us to ignore what Trump says and just pay attention to his actions, it’s kind of strange to hang on every word that comes out of Biden’s mouth. Especially considering that he has a bit of a speech disorder. But I guess, what comes around, doesn’t go around.
Fab they are likely pulling them because they can’t find a physics teacher.
Interesting, isn’t it? Everything we do in the western world is digitized, requires ID and security measures of epic proportion but asking us to vote without proof is considered racizz. One phone app with a code would take care of everything but that’s too much to ask for.
https://www.zerohedge.com/political/america-outlier-voter-photo-ids-are-rule-europe-and-elsewhere
The idea that ID is a form of suppression is laughable. At that point, I can argue that requiring registering to vote is a form of suppression. Mail everyone a free voter ID, and call it good.
Yet a Covid app is an obstruction of freedom.
First estimate for 90 year old tree (their age estimate, so probably planted when the house was built), was $3,000. I’ll Captain Cheapo them down to $2,750 cash and will call it a day. One more quote coming today and one last quote on Saturday.
BRT, what’s funny is if you debate a dyed in the wool liberal on voter id they have to change the subject, they cannot make an argument. It’s racist, it is unfair to the poor, etc. On the racist angle, I throw it right back, it’s racist to assume people of color are incapable of getting an ID, just how low are your expectations? there is a “right way” and a “wrong way” to put this kind of a mandate in, it could be used to suppress voters but that is what compromise and working together across the aisle is about.
Lib the “Covid app” is data and tracking the government would have access to, not even in the same universe. Requiring proof that you are who you claim to be in order to exercise your rights is not analogous at all.
Covid app would be a waste of time. The US government is a cluster**** of paperwork that never gets processed. I got a call a month after my family tested positive for contact tracing. What’s the point? They also called later and the contact tracer asked for my daughter. I was like, “you can talk to me”. Contact tracer: “I was hoping to get a direct line to her”. Me: “She’s six, you aren’t getting a direct line to her”
A voter ID is fine. Are you in support of mailing one to every single American who has a Social Security number without having to opt in for it?
Also, would you support a law that says all voting places must be placed in a central location per zip code?
Finally,
Democrat Melanie Stansbury secured a resounding win in New Mexico’s special election to replace Biden’s new Interior Secretary Deb Haaland as state representative. Her margin of victory is an encouraging sign for Democrats who worry about losing their congressional majority in the midterms.
You would think with the immigration crisis, they would have voted Republican, no?
I’ll repeat it until the cows come home. The more Trump’s populism becomes the blueprint of the Republican Party, the further Left the Left is going to be able to go. Keep complaining. It only hurts your cause further.
Yet a Covid app is an obstruction of freedom.
I don’t have an issue with it. Voter ID is racizz? Okay. The next time I rent an Escalade from a rent-a-car place, don’t ask me for any ID. Just take my word that I am who I claim to be. Deal? Let’s cut to the chase, not having voter ID is f.ucking criminal. And the democrats don’t want an honest election because then they may never win another. They need human fodder to advance their sickness. The poor and minorities should be humiliated and outraged that they’re being used over and over.
Let’s be honest here. There was no evidence of voter fraud. Nonetheless, preventing potential fraud is admirable. If doing so puts a party in a position of advantage, it will be done. Like filibustering an investigation into the insurrection or gerrymandering. We get it. If you have to lie to yourself to make yourself feel better. Go for it. But why the need to share it here? This is just politicians playing their political games.
Amazon driver shot in his truck in Brooklyn just for fun! Shoot out in broad daylight in Bushwick! Bring back big hair and boom boxes, the 80s are back in NYC!!
The 80s? Nah. Clearly the late 70s. They have to close down Union Square Park every Friday and Saturday night at 10PM to keep the party animals from turning it into a midnight rave.
Maybe if they were at work instead of being home, this wouldn’t happen.
3b says:
June 2, 2021 at 12:28 pm
Amazon driver shot in his truck in Brooklyn just for fun! Shoot out in broad daylight in Bushwick! Bring back big hair and boom boxes, the 80s are back in NYC!!
If the only thing Biden was doing is saying stupid shlt then I wouldn’t be paying attention. His handlers are institutionalizing the racial grievance platform in a way that it’s building animosity with no way out. It will be a disaster.
Pumps: You just can’t stop yourself can you?
“After 4 years of telling us to ignore what Trump says and just pay attention to his actions, it’s kind of strange to hang on every word that comes out of Biden’s mouth.”
LOL, because Trump was an idiot but his implemented policies benefitted Americans.
Biden’s grey matter is pureed into guacamole and his policies suck for Americans.
That’s the difference.
I thought you would get a laugh…
Lib: late 70s/80s it was all going on that time. A whole generation of foreigners in NYC and I mean from other states, not countries, who moved to NYC and close by areas and fancy themselves real NY ers/, well they have no idea what it was like in the bad old days; now they are getting a taste of it!! No wonder why that’s why they don’t want to go back to the office!
“2022 is going to be a bloodbath for this administration.”
2024 for sure…..Joe is unlikely to run and little likely benefit if he does….practice dictates sitting VP takes the mantle to run….LOL, yeah, run Kamala for Pres…..
Putting this ticket together to win in 2020 was kind of like the blackjack player who pushes all his chips in on a dealer six and then before he hits thinks “wait, what’s my fall back plan?”
“One phone app with a code would take care of everything but that’s too much to ask for”
Dude, i’m in your corner but stop beating the drum on the phone app…..that would be downright disastrous…..talk about the potential for fraud, vote buying (forget harvesting), etc, etc
High-End Homes Selling Faster As Wealthy Americans Benefit Most From Stock Market Gains, Says Report
https://www.forbes.com/sites/palashghosh/2021/06/02/high-end-homes-selling-faster-as-wealthy-americans-benefit-most-from-stock-market-gains-says-report/
Yes, this is only the beginning..
“The Housing Market Just Began A New 10-Year Upward Move
Welcome to the Brave New Housing Cycle: Multiple factors indicate that an extended housing boom is underway.”
https://www.forbes.com/sites/joshuapollard/2021/02/03/the-housing-market-just-began-a-new-10-year-upward-move/
Lib: I agree the Republicans need to dump Trump, for numerous reasons. However, if 4 years of Biden is going to be like 8 years of Obama, and all we are going to listen to is how awful this country is, then that will turn off many Americans as well . It was exhausting listen to Obama lecture Americans on how awful the country is, and yet he made it to the highest office in the land.
The border iis absolutely not a crisis for The left. Pretty clearly fits the agenda. Flood the place with third world ers. Grow the lower class who rely on the government. Obtain a permanent majority and implement their wishlist.
“Democrat Melanie Stansbury secured a resounding win in New Mexico’s special election to replace Biden’s new Interior Secretary Deb Haaland as state representative. Her margin of victory is an encouraging sign for Democrats who worry about losing their congressional majority in the midterms…The more Trump’s populism becomes the blueprint of the Republican Party, the further Left the Left is going to be able to go.”
Sad to see you of all people yelling propaganda from the rooftops…..
If not losing a locked Democratic district that Biden took in 2020 by 23 percentage points is encouraging, you go girl!
Especially when the Repub received no Party financial support because the seat is firmly Dem and he essentially self funded his campaign…
BTW, I hear AOC’s seat is relatively safe too if she moves on…..but – sshhhhhhh – don’t tell the Repubs, we don’t want them to know.
“if you debate a dyed in the wool liberal on voter id they have to change the subject, they cannot make an argument.”
No its a simple argument. If you want ID and its not free, its a Poll Tax. It where the R’s trip up, they only like certain amendments to the constitution.
Do you remember the joke version based on Newark? The sad thing is that the Newark version can be the 2021 New York version…..
https://youtu.be/93Xb3wbEBiw?t=54
Libturd, being creative for five minutes says:
June 1, 2021 at 8:04 pm
In New York
Empty City which memes make fun of
Because they are all true
Now you’re in New York
Pray that homeless won’t try to stab you
Look out one’s behind you
Let’s hear it for New York
New York, New York
I bought ticks to see the Judge at a Yankee game
Shit, M is stopped cause some bum pushed another dame
Tried a Lyft, set to go, but driver won’t do Bronx so
found a brother on a bike, he too wouldn’t go
Welcome to this former place, where once hot pretzels sold
sit empty trash cans, where only blunts are rolled
6th Ave., Wall St., Madison, Avenue E, so much vacancy
For foreigners, it ain’t fair, they no clue it got this bad
No more Spideys, Mickeys, nor even the Naked
Cowboy, if your Asian, like a man, just take it
Me? I gotta thank Wuhan Flu, “I work from home”
Got enough time on my hands, to write this stupid tome
Drugs in the square, shots heard in Harlem
70s are back—say goodbye, Metropolitan
From 2 to 6am, the MTA’s got no peeps
Never thought I’d see it, the city finally sleeps
Lib here is the deal, voter ID is fine(for those without a drivers license or passport) but it should not be instituted in a major election year, it should be free, it cannot be mailed as it needs to be a photo id and you need to prove your identity to get it and they need to ensure flexible hours to get one of these id’s so as to not disenfranchise anyone.
As for polling places, they should rate the polling places by capacity and set the capacity based on the number of voters in the district, I’ve voted in the hood for years it was always way quicker than the suburbs, more capacity, fewer people and within walking distance.
We are talking about 10% of the voting population(according to democrats), but here’s the rub if democrats weren’t just concerned about low information voters they can manipulate this should horrify them. If true this means nearly 20 million voting age individuals cannot prove their identity, cannot open a bank account, get a loan, or a credit card, probably have difficulty getting rental housing, cannot do countless other things that people really should be able to do. This 10% is barely existing and really struggling, not only should we help them get an ID we should teach them about about free checking accounts so they don’t need to use check cashing places or payday lenders and can keep what little money they have safe. Yet there is no effort to fix what is a big problem because the politicians only care about themselves and maintaining power.
You should invest in a surgeon to remove your fingers and vocal chords.
The Great Pumpkin says:
June 2, 2021 at 9:10 am
It’s why I invest in Ark funds. If I can invest hard into it over the next 10 years, I should be able to save my family from the race to the bottom.
I don’t know why, but this reminds me of watching a Miami Marlins game and I mentioned to my brother-in-law that they had capacity constraints at the stadium, and he asked if that was a marketing tactic to sell more tickets……
Juice Box says:
June 2, 2021 at 9:32 am
re: “Paterson only called teachers back today”
NYC not much better just went back a few weeks ago. A soccer parent I know is a NYC teacher. He told me 90% of the kids would not be able to pass the NYC state regents test, so they cancelled the standardized testing. Feds still wanted some of it done this month so they are doing English, Math etc. We shall see how bad it is it’s going to as we are socially promoting millions of students.
Speaking of Abbotts, you should marvel at the Long Branch Middle School/High School complex a stones throw from the train station. It is a fcuking mini-city…… we all paid for it.
BRt says:
June 2, 2021 at 9:51 am
Paterson only called teachers back today, and they are still all virtual, no?
Every Abbott played “run out the clock”. There’s 2 weeks left of the school year. Nobody will even show up.
“No its a simple argument. If you want ID and its not free, its a Poll Tax. It where the R’s trip up, they only like certain amendments to the constitution.”
If that’s your hang up on voter ID, done. No problem at all. Anyone not possessing a valid government ID already can get one for free.
And, btw, that already exists for decades in many jurisdictions….as a youth counties in my State had “sheriff ID” cards….issued by the county sheriff, sealed, stamped, and with photo. That was in the early 80s……
LOL, my fake ID for years was a sheriff’s ID I pinched from someone who looked close enough to me…..thing was gold. Undisputed proof of identity.
Problem is, now that I’ve agreed to your term for free voter ID I’m sure you’ll come up with other ‘issues’ to prevent proof of identity while voting….
Dude, i’m in your corner but stop beating the drum on the phone app…..that would be downright disastrous…..talk about the potential for fraud, vote buying (forget harvesting), etc, etc
The point is that one needs to verify and the system needs to confirm. You can’t just inhale and exhale while in a drunken stupor laying on the couch and expect your voice to be heard. It takes effort on one’s part to register and verify you exist. But, let’s face it, certain factions of society take no responsibility for their actions or lack thereof so why should we expect more?
Fab voter ID’s are free where mandated, but I think you could make the argument that it is not a “Tax” as considered in the 24th amendment and therefore is permissible.
As for the idea there is no voter fraud, we don’t know as no one has really audited the elections. There most certainly was some small scale vote harvesting(probably by both sides), procedural issues in at least a few states and 400 million from Zuckerberg which based on how it was used and distributed was probably not legal and constitutes election tampering.
I’m here to compliment your relative quiescence….. you must be having such an endorphin rush with your Woke crew in charge, and the unchecked anti-Semitism floating in the air….. it is a good year for the Elite 140, whittled down to 100. With all of this empirical failure to educate in the STEM disciplines (which is Woke-approved since we all know math is racist), there will be fewer competitors for the Elite 100 today and in the future….. next we need to focus on sawing off all males at the knee, so that the height advantage is eliminated.
Fabius Maximus says:
June 2, 2021 at 9:54 am
Hearing that a lot of schools are pulling Physics classes for next year. A lot of kids had a bad year in math so they are not up to the level to be successful.
It will be interesting to see the long term effects of this teaching year.
If there was rampant anti-semitism in the Democratic Party, wouldn’t it attract the klansmen away from the Republican Party with their nuanced racism?
LOL, this AMC is crazy…..
The Fed are a bunch of criminals….
Homeless, hookers and crack bums, there’s no where they won’t poo.
Thanks Chi, I totally forgot about that. It’s so well done.
Lib: It may not be rampant, but it is definitely there. They do a good job of masking it. I hear the liberalist of the Liberals make comments, like well they are Jews, they got all the money, and then the nods and looks that go with it.
“The point is that one needs to verify and the system needs to confirm. You can’t just inhale and exhale while in a drunken stupor laying on the couch and expect your voice to be heard.”
In total agreement.
“Homeless, hookers and crack bums, there’s no where they won’t poo.”
And each of their votes count the same as yours….
Should they? Really?
Left I’d argue those who are receiving government largess should not be voting. It’s like political contributions from the unions who negotiate contracts with public officials. There is a clear conflict of interest and they are easily manipulated by said government who is paying their bills. Our government is bribed with it’s own money…
The dems are very clear in their strategy, they have amassed support from the welfare state. These people are quite likely to be lazy, if you do not lower the barriers to voting to next to nothing they will not vote. The democrats want the ability to send their people in and basically knock on doors to collect ballots, people won’t even need to leave their homes, if no one is home we will fill it out for them. I know how politics is played in NJ they are one step removed from the Mafia.
Snicker..sure. I am sure 46B to corporate farmers in 2020 certainly benefitted them. Funny, these great deals yet China won’t meet its trade target. What do we do now? He really talked tough though. I will ask those in Racine County WI with one billion in infra debt and no FoxConn jobs how magical his presidency was. You want to believe blustering is truth, go ahead but he had no policy besides big talk followed by quick deals that did nothing long term. Even Obama put huge tariff on Chinese tires to help US auto industry. The moron did not invent tariffs..geez. There is no unit of measurent to show how he helped all americans- stocks, GDP? Not even better than Obama if you want to go that route. Let me guess the barista economy with lowest unemployment…amazing work…though we all know it was dropping consistently before 2017.
“LOL, because Trump was an idiot but his implemented policies benefitted Americans.
Margin call murder for the AMC and other MEME stock shorts. I would imagine now that the price are dropping they covered with massive losses.
Like I said last time in January/February kids cannot day trade like this. There is big money behind all of this, moving 650 million shares on AMC in one day cannot be accomplished by Robin Hood traders.
Orange clown in 2016: “I will have a beautiful new healthcare plan, cheaper and better for all Americans on Day 1”
Orange clown in 2017: “No one knew healthcare could be so complex”
Orange clown in 2020: ” If you re-elect me, my plan is just waiting. It will be beautiful”
Red hat dolts: “Look, he developed a vaccine and said it should be named after him. I agree”
Sure..a medical genius.
Jcer: Once you go down that road as who can vote, and who cannot , it becomes a slippery slope. What about all the government largess to the bankers when they fkuc up? Is that not largess? And we all know they are going to do it again.
Grim,
Pass my info to Eddie.
Thanks.
Grim
Appreciate it.
Left,
What is the story with the AMC I posted earlier? Anything there?
Juice,
Just saw your post on AMC. Doesn’t sound good.
Phoenix – it’s worse. The big players borrow this money for leverage.
From your article.
“Easy money from the Federal Reserve has ‘created an almost video game-like atmosphere in the stock market and investing,’ ”
The big players borrow at LIBOR rates to take these bets. Right now 1 month Libor is 0.09 which is half of what it was a year ago at 0.18. This time two years ago pre-pandemic it was 2.5%.
They borrow very very cheaply. It is insane.
Chart…
https://www.macrotrends.net/2518/1-month-libor-rate-historical-chart
“Jcer: Once you go down that road as who can vote, and who cannot , it becomes a slippery slope.”
Not really. Limits abound. No felons. Must be 18, used to be 21. Senators were not direct elected. We have an Electoral College that disenfranchises some. We don’t have direct proportional representation.
JCer, I agree totally. I wouldn’t use government largesse because as noted too problematic to define…benchmark should be vested interest. I would measure it as paying federal income taxes (hard cash) or land ownership. Put in some time measurement if you want to catch one-off bad years…
If you don’t own anything of substance and you don’t pay anything in fed income taxes you are essentially free-riding off others and shouldn’t have a voice in governance.
Oh, ByS…..where to start….
I’m not going to be placed in the position of defending Orange because I don’t support him, but his tariff and border policies alone are diametrically opposed to Joe and directly aligned with much of the US…
I’m certainly not going to debate what was actually passed during his term or not….it’s like debating the idiot on here who measures Presidential terms by economic data during that term without regard to other factors….pointless to argue with fools….
Trump was thwarted at every turn…he tried to get through Congress the residential eviction moratorium and Dems wouldn’t let him…DEMs not providing eviction relief because it would give DJT a ‘win’….that’s why relief came by order through the CDC….
In the same vein of fairness I also don’t hold Obama accountable for what he didn’t get through nor will I hold Biden accountable….we are Blutsport right now politically, and anything that can be done do fcuk the other guy without regard to its affect on the populace is fair game. In that environment normal yardsticks of measurement don’t apply.
AMC traded 4 million shares a minute for a good part of the afternoon….It is already well through 1x its outstanding share base on volume and is on track for 2x……
LOL, its entire ownership will have swapped hands today, twice….JFC….
The Fed has turned every tangible asset from houses to cars to companies into a fcuking cas1no.
lol – It’s a boomer power play
Quitting instead of going to the office from yesterday
https://www.bloomberg.com/news/articles/2021-06-01/return-to-office-employees-are-quitting-instead-of-giving-up-work-from-home
Don’t tell Dr. Fauci or CDC Director Walenski but our esteemed Governor Murphy who is up for re-election and also a respiratory infection expert said today he is considering dropping the mask requirement for schools in the fall.
and anything that can be done do fcuk the other guy without regard to its affect on the populace (children) is fair game.
Sounds like a divorce to me.
“but his tariff and border policies alone are diametrically opposed to Joe and directly aligned with much of the US…”
This sounds about right.
Went out for a drive the other day to the western NJ landscape. Saw Singh signs everywhere.
Don’t know much about him, but I have to say I like what he has on his website compared to Murphy.
2nd tree quote came in at 3.2K, told him first non-negotiated quote was 3K, he went down to 2.9K. Will tell first guy to beat 2.9K. Then will offer cash option. Expect $2750. They’ll still profit. They own the big crane.
A Chinese Love Affair per FT:
When the Biden administration announced a fresh investigation into the origins of the coronavirus outbreak in Wuhan on Tuesday, the Chinese reaction was swift and furious.
Zhao Lijian, foreign ministry spokesperson, accused the US of “political manipulation” and of “stigmatising” China — the sort of regular spat that has prompted growing comparisons to the cold war.
But just a day earlier, another announcement told a different story about the ties between the world’s two leading powers. Goldman Sachs, an emblem of the globally dominant American finance industry, unveiled a wealth partnership with the state-owned Industrial and Commercial Bank of China. The deal could allow the Wall Street firm to draw on the savings of hundreds of millions of the bank’s Chinese customers.
In an era that is increasingly defined by geopolitical competition and a push towards economic “decoupling”, American finance has never been closer to Chinese wealth.
Seduced by untapped savings and a growing asset management market, worth an estimated Rmb121.6tn ($18.9tn) last year, Wall Street’s most storied firms are embedding themselves more deeply than ever into the country.
In addition to Goldman Sachs, BlackRock said earlier this month it had received approval for a wealth management partnership with China Construction Bank, while JPMorgan Asset Management announced in March plans to invest $415m in China Merchants Bank’s wealth unit. From Europe, Amundi and Schroders have gained approvals for majority owned partnerships in wealth management.
“Within Goldman Sachs, we’re excited from top to bottom,” says Tuan Lam, head of client business for Asia ex-Japan at the company’s asset management arm. “We’ve obviously been thinking about China for quite a long time and, with the recent regulatory changes and the market changes, we just have a very high level of conviction around the opportunity.”
A branch of Industrial and Commercial Bank of China in Beijing. ICBC has 680m retail customers, more than twice the US population
China, which on one measure now has more billionaires than the US, is opening its doors wider than ever to foreign firms. In the past two years, it has liberalised elements of its tightly controlled financial system and allowed US and European companies greater access. Although still wary about giving foreign institutions too large a role, the government is eager to draw on their expertise to help build a savings infrastructure that can help manage an impending demographic crisis driven by an ageing population.
Against that backdrop, some investors say the biggest risk is not getting into China quickly enough. But any great China gold rush is not without challenges. As with other key areas of the economy, finance is ultimately under the sway of an all-powerful Communist party that has ruled since 1949.
It also sits uneasily against the geopolitical backdrop, where tensions between China and the west have flared over issues from the coronavirus pandemic to technology, from Xinjiang to Taiwan. Domestic politics in the US, also, are more than ever driven by what President Joe Biden this year called the country’s most serious competitor.
Jake Sullivan, US national security adviser, summed up the new mood when he wrote in Foreign Policy magazine last year: “Why . . . should it be a US negotiating priority to open China’s financial system for Goldman Sachs?”
”
Juice: Boomer power play! I love it!!
“random drawing” for podium position and order of questions for mayoral debate in NYC. They put front-runner Yang all the way on the end, and have him standing next to 6’4 McGuire. Also, Yang is pretty much the last asked a question.
Further, ABC NY is not posting this live to youtube. Down with Big Media.
Ranked choice voting. Will be very interesting to see how that plays out
Positive news for Israel and long overdue.
Israel opposition parties agree to form new unity government
https://www.bbc.com/news/world-middle-east-57336574
3b says:
June 2, 2021 at 1:59 pm
Lib: It may not be rampant, but it is definitely there. They do a good job of masking it. I hear the liberalist of the Liberals make comments, like well they are Jews, they got all the money, and then the nods and looks that go with it.
You want blatant anti-Semitism? How about this ESG Investment screener offered by a major financial organization? I was absolutely floored….. to try and hold onto pragmatism, at least have discrete China or Russia…… to single out only one country?
Abortion Providers & Abortifacients
Adult Entertainment
Alcohol
Animal Testing—All
Animal Testing, Pharmaceutical Only
Animal Testing, Non-Pharmaceutical
Cannabis Recreational
Child Labor
Contraceptives
Fur
Gambling
Human Rights Controversies
Human Trafficking
Labor Rights Controversies
Opioid Controversies
Pork
Predatory Lending
Private Prisons
Pro-Israel
Stem Cell
Tobacco
Weapons—All
Civilian Firearms
Controversial Weapons
Conventional Military Weapons
Workplace Discrimination Controversies
Rank choice voting should be a good thing.
And with Biden spooning with China, we don’t have to go to war against them, just give them our children’s future.
As a Boomer would say, doesn’t matter to me, I won’t be here. I got mine.
Beware.
https://www.nj.com/news/2021/06/nj-cops-must-have-body-cams-starting-today-heres-when-they-can-turn-them-on-and-off.html
“Just because footage exists doesn’t mean the public will have access to it.”
So they can use it against you, but you cannot use it to help yourself.
Some animals are more equal than others.