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[] Seattle mom thinking about moving after incident involving her teen daughter Published:1/20/2021 4:36:42 PM
[] Hillary Clinton's star shines even brighter on Inauguration Day as she reduces ostensibly grown women to 'a babbling mess' Published:1/20/2021 4:36:42 PM
[Politics] Alex Padilla sworn in as California's first Latino senator

Alex Padilla on Wednesday became the first Latino to represent California in the U.S. Senate.

Published:1/20/2021 4:36:41 PM
[Campus] Florida State Student Government to Vote on BDS Resolution

Florida State University's student government will vote next week on a resolution to divest from Israel.

The post Florida State Student Government to Vote on BDS Resolution appeared first on Washington Free Beacon.

Published:1/20/2021 4:36:41 PM
[] The L.A. Times Is Thrilled for Biden to Usher in the Californication of America Published:1/20/2021 4:36:41 PM
[Politics] White House contact for now asks for your PRONOUNS The new White House contact form under Biden’s administration is now transgender ready, making sure to ask what your pronouns are: I’m surprised they didn’t go ahead and just put ‘ve’, ‘xe’, . . . Published:1/20/2021 4:36:41 PM
[Politics] White House contact for now asks for your PRONOUNS The new White House contact form under Biden’s administration is now transgender ready, making sure to ask what your pronouns are: I’m surprised they didn’t go ahead and just put ‘ve’, ‘xe’, . . . Published:1/20/2021 4:36:41 PM
[Entertainment] Amanda Bynes Gets Into Music With New Rap Song "Diamonds": Listen Here Amanda Bynes, InstagramAmanda Bynes has found a new hobby: making music! On Jan. 20, the former Nickelodeon star, who has stayed mostly out of the public eye in recent years while she attends college at the...
Published:1/20/2021 4:36:41 PM
[Markets] Democrats take control of Senate as Harris swears in Padilla, Warnock and Ossoff Democrats take control of Senate as Harris swears in Padilla, Warnock and Ossoff Published:1/20/2021 4:36:41 PM
[Entertainment] America yearns for an era of good feeling. The inaugural ceremony launched one. Lady Gaga, Garth Brooks, J.Lo and a young poet all supply breakout supporting moments. Published:1/20/2021 4:36:41 PM
[Markets] Market Extra: Stock market posts best Inauguration Day rise in 36 years as Biden takes office Wall Street appeared to be cheering the change of leadership under way in the White House, producing one of its best returns in nearly four decades on the day of a new president's inauguration.
Published:1/20/2021 4:36:41 PM
[Markets] Indian Gold Market Shows Signs Of Revival Indian Gold Market Shows Signs Of Revival

Via SchiffGold.com,

India ranks as the second-largest gold consuming country in the world, second only behind China. But over the last couple of years, the gold market in India has languished due to a combination of record-high gold prices in rupee terms and the economic impacts of the coronavirus pandemic. But there were signs of revival in the Indian gold market last month.

Gold imports into India recovered to 73.2 tons in December and hit a 19-month high, according to data released by the World Gold Council. That represented a 45% month-on-month increase and was 41% higher than December 2019.

Retail demand for gold was also up in December. Jewelry sales got a boost in the early part of the month, supported by wedding purchases and a stable gold price. With the onset of Kharmas, jewelry demand tapered off. But the dropoff in jewelry sales was offset by investment demand. According to the WGC, gold’s relatively lower price level to end the year was seen as a buying opportunity with higher gold prices anticipated over the long term.

There were net inflows of gold into Indian based ETFs totaling about 1 ton in December.  Inflows into Indian gold ETFs nearly doubled in 2020, taking total holdings to 28.3 tons at the end of the year, compared to 14.8 tons at the end of 2019.

Meanwhile, the Reserve Bank of India added more gold to its holdings, increasing gold reserves by 3.7 tons in December. On the year, the RBI added 41.6 tons of gold to its hoard. Reports last summer indicated the RBI was considering significantly upping its gold holding from 6.5% to 10% of total reserves.

On the year, gold was up 28% in rupee terms.

A further recovery in the Indian gold market would further boost global demand and would be supportive of gold prices.

Gold has helped Indians weather the economic storm caused by the coronavirus pandemic. The government response to COVID-19 ravaged the Indian economy. As a result, many banks were reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians used their stashes of gold to secure loans.

For many Indians, gold is a lifesaver, providing liquidity that they otherwise wouldn’t have.

Indians traditionally buy and hold gold. Collectively, Indian households own an estimated 25,000 tons of gold and that number may be higher given the large black market in the country. The yellow metal is interwoven into the country’s marriage ceremonies and cultural rites. Indians also value gold as a store of wealth, especially in poor rural regions. Two-thirds of India’s gold demand comes from these areas, where the vast majority of people live outside the official tax system.

Gold is not just a luxury in India. Even poor people buy gold in the Asian nation. According to an ICE 360 survey in 2018, one in every two households in India purchased gold within the last five years. Overall, 87% of households in the country own some amount of the yellow metal. Even households at the lowest income levels in India own some gold. According to the survey, more than 75% of families in the bottom 10% had managed to buy gold.

Indians understand that gold tends to store value, and that in the end, gold is money. If they have gold, they know they will be able to get the goods and services they need – even in the event of an economic meltdown. And while westerners may not embrace the cultural and religious aspects of the Indian love affair with gold, the economic reasons for their devotion to the yellow metal are every bit as applicable in places like the US.

Tyler Durden Wed, 01/20/2021 - 17:25
Published:1/20/2021 4:36:41 PM
[Markets] US STOCKS-Wall Street closes at record highs as Netflix jumps, Biden inaugurated U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally in shares of "stay-at-home" beneficiaries. Shares of the world's largest streaming service Netflix surged 16.85% after the company said it would no longer need to borrow billions of dollars to finance its TV shows and movies. "It's a tech outperformance day which is pretty rare over the past two or three months as the cyclical rotation has kind of gotten underway," said Ross Mayfield, investment strategy analyst at Baird, in Milwaukee, Wisconsin. Published:1/20/2021 4:36:41 PM
[Society] Biden’s Disbanding of 1776 Commission Shows Left’s War on US History

All Americans should wish President Joe Biden well. To do otherwise would be churlish and self-defeating. It beggars belief, though, that in one of its... Read More

The post Biden’s Disbanding of 1776 Commission Shows Left’s War on US History appeared first on The Daily Signal.

Published:1/20/2021 4:36:41 PM
[] Navalny: Putin has a billion dollar palace, you know Published:1/20/2021 4:04:05 PM
[] 'Don't think media can survive without him': Biden takes reporter's questions, gets asked about Trump Published:1/20/2021 4:04:05 PM
[Uncategorized] Chris Wallace: Biden gave “a great speech … this was the best inaugural address I have ever heard”

A thrill ran up his leg.

The post Chris Wallace: Biden gave “a great speech … this was the best inaugural address I have ever heard” first appeared on Le·gal In·sur·rec·tion.
Published:1/20/2021 4:04:05 PM
[Politics] Democrats poised to take over Congress, but advancing Biden agenda will be a struggle

As the new Senate convenes, Democrats have more power in Washington than they have had in a decade — and a lot of roadblocks undermining it.

Published:1/20/2021 4:04:05 PM
[a84a5601-7479-58d3-a4cc-14634edb1055] Lady Gaga's father on her inauguration performance: 'I'm still very proud of her' Lady Gaga and her father differ in their political views. Published:1/20/2021 4:04:05 PM
[Apps] Curtsy, a clothing resale app aimed at Gen Z women, raises $11 million Series A Curtsy, a clothing resale app and competitor to recently IPO’d Poshmark, announced today it has raised $11 million in Series A funding for its startup focused on the Gen Z market. The app, which evolved out of an earlier effort for renting dresses, now allows women to list their clothes, shoes and accessories for resale, […] Published:1/20/2021 4:04:05 PM
[] Biden Interior Department Welcome Pushes Race Published:1/20/2021 4:04:05 PM
[Syndicated Posts] Watch Live: President Biden Signs Executive Orders and Other Presidential Actions

By R. Mitchell -

President Joe Biden signs several executive orders and other presidential actions during an Oval Office session Wednesday. The event is scheduled to begin at 5:15 p.m. EST. Content created by Conservative Daily News and some content syndicated through CDN is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details and …

Watch Live: President Biden Signs Executive Orders and Other Presidential Actions is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 4:04:05 PM
[Markets] Barrage Of New Countries And Airlines To Adopt Vaccine Passports Barrage Of New Countries And Airlines To Adopt Vaccine Passports

Authored by Steve Watson via Summit News,

Several more countries have indicated that they are to adopt vaccination passports, meaning anyone crossing their borders will need to be able to prove they have been inoculated against coronavirus.

It is being reported that the South African government is working on implementing an entire Covid-19 vaccine ‘ID system’, which will not only encompass the so called ‘passports’, but will also include “management and surveillance of the Covid-19 vaccine,” as well as “an integrated track-and-trace system,” and “a dashboard system… to capture the reasons given for vaccine refusal.”

The country’s COVID battle has come under scrutiny in recent weeks with a purported super ‘mutation’ of the virus being discovered there.

The South African Department of Health has announced that all citizens who are vaccinated will be placed on a national register and provided with a vaccination card.

Meanwhile, in Europe, another country has indicated it will adopt the vaccination passport scheme with Ukrainian health officials announcing that all vaccinated people will be entered into an electronic health care database.

“When mandatory vaccination passports are introduced at the international level, Ukrainian doctors will be able to promptly issue a certificate of vaccinations,” said chief sanitary doctor of Ukraine Viktor Liashko.

Another country said to be mulling the introduction of COVID passports is Russia. The New York Times reported that “The Russian government is considering issuing coronavirus health certificates that could ease travel and commerce for people who have been vaccinated.”

The Times quoted the head of the Russian Parliament’s committee on public health, Dmitri Morozov, who said that a Covid passport was “very important and needed.”

“This is great, this is the new world,” Morozov reportedly stated.

The Times also noted that “A regional governor in Russia, Radi Khabirov, proposed on Monday that Covid passport holders receive discounts at stores, as an incentive for people to obtain the certificate.”

The report also noted that “President Vladimir V. Putin’s spokesman, Dmitri S. Peskov, said on Tuesday that the government is considering issuing Covid passports.”

After the Times report was published, Russian state media denied that a COVID passport scheme to limit travel had been discussed by Peskov or the Kremlin.

“We are far from a unified point of view on this subject right now, there are no consistent approaches or a consensus on this subject,” Peskov said, but added that “this subject is circulating, it’s being worked out.”

Interestingly, while the likes of the New York Times has reported on other countries adopting the COVID passports, in its coverage of Russia potentially doing the same, it paints a much darker picture, stating that:

“Opponents fear a dystopic system that would limit the rights of people who have been careful to avoid infection and are unable or unwilling to be vaccinated.”

“Russia has a grim history rooted in the Soviet era of controlling citizens’ movements, through a residency permit system that was never fully abolished,” the Times report continues.

So when Russia do it, it’s bad, but when other countries do it, it’s part of restoring ‘open society’. Hmmmm.

While scores of countries are now slowly moving toward the implementation of vaccination passports, airlines appear to have fully embraced the idea and essentially already have them in place.

Emirates airlines has announced that it will be trialling the IATA Travel Pass ‘digital passport’ which shows passengers’ proof of Covid-19 tests and other entry requirements when flying.

Adel Al Redha, Emirates’ Chief Operating Officer said that “While international travel remains as safe as ever, there are new protocols and travel requirements with the current global pandemic.”

“We have worked with IATA on this innovative solution to simplify and digitally transmit the information that is required by countries and governments into our airline systems, in a secure and efficient manner,”Al Redha continued, adding “We are proud to be one of the first airlines in the world to pilot this initiative, which will provide an enhanced customer experience and conveniently facilitate our customers’ travel needs.”

As we reported last November, the IATA, the world’s largest air transport lobby group, expects its COVID travel pass app to be fully rolled out in the first months of 2021.

Other airlines, including United Airlines and Cathay Pacific have already trialled the IATA’s scheme.

Meanwhile, American Airlines has reportedly partnered with biometric authentication provider VeriFLY to develop its own COVID passport app, which will be rolled out within days.

“We support the implementation of a global program to require COVID-19 testing for travelers to the United States, and we want to do everything we can to make travel a seamless experience for customers,” Julie Rath, the vice president of customer experience at American Airlines, said in a statement.

Virgin Atlantic owner Richard Branson has also thrown his weight behind the vaccination passport idea, telling CNBC he hopes that soon “there will be a proof-of-vaccination piece of paper that people can use to be able to get on a plane without having to be tested or without having to quarantine.” 

“Vaccination is everything. Once vulnerable people, in particular, have been vaccinated, I think all kinds of businesses can start opening up again: restaurants, travel companies, cruise companies,” Branson declared.

The narrative of adopting vaccination passports is now so ubiquitous that it would be surprising not to see them adopted world-wide, despite the fact that even the World Health Organisation has warned that such schemes should absolutely not be implemented while there is no proof that vaccinations can provide immunity to coronavirus.

“Being vaccinated should not exempt international travellers from complying with other travel risk reduction measures,” the WHO committee stressed during its meeting held on January 14.

Others have warned that the adoption of vaccination passports will inevitably lead to a two-tier society, and must be prevented.

“The immunity passport could become a ‘passport for privilege,’ accentuating the divide between those who already have a comfortable position in society and those on the margins,” warns Dr Israel Butler, Head of Advocacy, at the Civil Liberties Union for Europe, Liberties.

Tyler Durden Wed, 01/20/2021 - 16:46
Published:1/20/2021 4:04:05 PM
[Entertainment] Alexandra O'Neill on the "Surreal" Experience of Designing First Lady Jill Biden's Inauguration Look Joe Biden, Jill Biden, 2021 Presidential Inauguration, Pearls Feeling anything but blue! It's officially the start of a new era as President Joe Biden and Vice President Kamala Harris were sworn into office on Wednesday, Jan. 20 in Washington,...
Published:1/20/2021 4:04:05 PM
[The Courts] Court Blocks Obamacare Transgender Surgery Mandate

A federal court blocked an Obamacare mandate that would compel doctors to perform gender reassignment surgery. An order of Catholic nuns challenged the mandate under the Religious Freedom Restoration Act, arguing that it forces doctors to violate their consciences and medical judgment. A North Dakota district court judge ruled on Tuesday that nuns and other religious health care ...

The post Court Blocks Obamacare Transgender Surgery Mandate appeared first on Washington Free Beacon.

Published:1/20/2021 4:04:05 PM
[World] [Josh Blackman] Classes #2: Punishing Sedition & Efficiency and Fairness Schenck, Debs, Abrams, Gitlow, Stromberg; Ghen, Keeble, Popov Published:1/20/2021 4:04:05 PM
[Markets] Personal Finance Daily: How President Biden’s stimulus checks could be different from Trump’s payments and Black Americans are getting vaccinated for COVID-19 at lower rates Wednesday's top personal finance stories
Published:1/20/2021 4:04:05 PM
[Markets] US STOCKS-Wall Street closes at record highs as Netflix jumps, Biden inaugurated U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally in shares of "stay-at-home" beneficiaries. Shares of the world's largest streaming service Netflix surged 16.85% after the company said it would no longer need to borrow billions of dollars to finance its TV shows and movies. "It's a tech outperformance day which is pretty rare over the past two or three months as the cyclical rotation has kind of gotten underway," said Ross Mayfield, investment strategy analyst at Baird, in Milwaukee, Wisconsin. Published:1/20/2021 4:04:05 PM
[World] NewsWatch: Stock market logs best Inauguration Day rise in 36 years as Biden takes office Wall Street appeared to be cheering the change of leadership under way in the White House, producing one of its best returns in nearly four decades on the day of a new president's inauguration.
Published:1/20/2021 4:04:05 PM
[topics:people/joe-biden] President Joe Biden's inauguration speech in full: 'We will write an American story of hope' Published:1/20/2021 4:04:05 PM
[Politics] Who is Natalie Biden, style icon of the Biden-Harris inauguration?

President Joe Biden's 16-year-old granddaughter, Natalie Biden, stole the fashion show at the inauguration with a matching pink ensemble and mask.

Published:1/20/2021 3:30:14 PM
[Politics] United by Unity: President Biden Vows to Make Politics Boring Again

President Joe Biden's inaugural address on Wednesday can be summed up by a single word: "Unity."

The post United by Unity: President Biden Vows to Make Politics Boring Again appeared first on Washington Free Beacon.

Published:1/20/2021 3:30:14 PM
[In The News] Wyoming State Senator Announces Primary Challenge Against Liz Cheney

By Andrew Trunsky -

Wyoming state Sen. Anthony Bouchard announced a primary challenge to Rep. Liz Cheney on Wednesday after her vote to impeach former President Donald Trump last week. “Liz Cheney’s longtime opposition to President Trump and her most recent vote for Impeachment shows just how out-of-touch she is with Wyoming,” Bouchard said in his announcement, calling for …

Wyoming State Senator Announces Primary Challenge Against Liz Cheney is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 3:30:14 PM
[Politics] Biden admin ramping up to go after QAnon ‘domestic terrorists’ The left has been fixated on whatever the heck QAnon is over the last half year, all because they also supported Trump. Now the Biden administration is set to use the power . . . Published:1/20/2021 3:30:14 PM
[Politics] Biden admin ramping up to go after QAnon ‘domestic terrorists’ The left has been fixated on whatever the heck QAnon is over the last half year, all because they also supported Trump. Now the Biden administration is set to use the power . . . Published:1/20/2021 3:30:14 PM
[Entertainment] Lady Gaga's Inauguration Brooch Would Make Hunger Games' Katniss Everdeen Proud Lady Gaga, 2021 Presidential InaugurationLady Gaga is never afraid to make a fashion statement, and that's exactly what she did at Joe Biden's presidential inauguration on Wednesday, Jan. 20. The Grammy winner, who...
Published:1/20/2021 3:30:13 PM
[Markets] U.S. stocks finish at record highs as Biden begins presidency with vow of unity U.S. stocks finish at record highs as Biden begins presidency with vow of unity Published:1/20/2021 3:30:13 PM
[Education] African edtech startup uLesson lands a $7.5 million Series A ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Other participants include LocalGlobe and existing investors, including TLcom Capital and […] Published:1/20/2021 3:30:13 PM
[Donald Trump] Trump Fought the Swamp, and the Swamp Won (John Hinderaker) Donald Trump was, in my opinion, our best president since Ronald Reagan, rather easily. His achievements are impressive: the Tax Cuts and Jobs Act, the biggest and most successful deregulatory effort ever, improved trade deals, record low unemployment, substantial wage growth for middle-class and working-class families for the first time in decades, encouraging development of oil and gas resources, pushing back against political correctness, critical race theory, and so on. Published:1/20/2021 3:30:13 PM
[Markets] The World's Biggest Asset Manager Is About To Start Buying Bitcoin The World's Biggest Asset Manager Is About To Start Buying Bitcoin

Is the world's largest asset manager about to convert a small portion of its trillions in assets under management into bitcoin? According to two SEC filings, BlackRock, the Fed's favorite intermediary to manipulate markets may be set to make allocations to bitcoin futures via some of its funds.

As first spotted by MacroScope, on January 20 BlackRock made its first mention of potentially buying bitcoin assets in prospectuses filed for its BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc.

In the filings Blackrock reveals that "certain Funds may engage in futures contracts based on bitcoin" and detail potential risks for such activities, noting that:

"A Fund’s investment in bitcoin futures may involve illiquidity risk, as bitcoin futures are not as heavily traded as other futures given that the bitcoin futures market is relatively new."

BlackRock also noted that "[t]he only bitcoin futures in which the Funds may invest are cash-settled bitcoin futures traded on commodity exchanges registered with the CFTC", a point we discussed yesterday when we expanded on just how limited the universe of eligible bitcoin assets available to Wall Street is.

To be sure, as Block Crypto notes, the filings themselves don't definitively say that BlackRock funds are on the cusp of buying bitcoin future. But such filings - which first reveals potential risk factors  - have been known to predate these kinds of moves, indicating that BlackRock is at least laying down the regulatory tracks to conduct allocations if it so chooses.

Last month, BlackRock CEO Larry Fink remarked during a panel appearance that bitcoin is gaining legitimacy as an asset class, but cautioned that "[w]e have to go through many markets to see if it's going to be permanently real."

And just to confirm that it's a matter of when not if BlackRock dips into the best performing assets of the century, it is also seeking to hire a blockchain lead, a vice president-level role. 

Tyler Durden Wed, 01/20/2021 - 16:12
Published:1/20/2021 3:30:13 PM
[] Mid-Day Quarantine Cafe Let's take a break from the awful news of the day and just think about how grateful we are for [4].... Published:1/20/2021 3:30:13 PM
[] Hillary Clinton's getting older, which means it's up to Chelsea Clinton to pitch in with the projection Published:1/20/2021 3:01:22 PM
[] Here we go: Liz Cheney gets a primary challenger Published:1/20/2021 3:01:22 PM
[AAPL] It's Time To Go To Cash For The Next 7 Years Published:1/20/2021 3:01:22 PM
[Entertainment] Our national anthem ends with a question. Lady Gaga answered it as best she could. America thinks of itself as exceptional. But we weren’t born this way. Published:1/20/2021 3:01:22 PM
[World] Biden revokes Keystone XL Pipeline permit: Panders to activists and ignores economic benefits

“At this moment of profound crisis, we have the opportunity to build a more resilient, sustainable economy…”

“Create millions of good-paying union jobs.”

“Mobilize American ingenuity to build a modern infrastructure…”

While these promises from President Joe Biden’s “Build Back Better” platform may have served as great rhetoric on the ... Published:1/20/2021 3:01:22 PM

[Markets] Bond Report: U.S. Treasury yields hold ground after Biden inauguration U.S. Treasury yields struggled for direction Wednesday after Joe Biden was inaugurated as U.S. President, leaving investors to turn their focus on his administration's priorities.
Published:1/20/2021 3:01:22 PM
[Markets] Jabs For Joints: Free Bag Of Weed With Your COVID Vaccine In DC Jabs For Joints: Free Bag Of Weed With Your COVID Vaccine In DC

Via 21stCentruyWire.com,

Just when you thought this narrative has reached rock bottom, they descend ever lower.

After selling the public on the idea that vaccine will somehow liberate the people from the authoritarian COVID-19 lockdowns imposed by the state, government and public health officials are now desperately trying to ‘process’ as many people as possible through their new vaccine conveyor belt system. But many young people are also aware that they are a statistically near zero risk of ever falling ill from coronavirus – an inconvenient fact which government and its media partners are actively trying to obscure now.

Apparently, the new experimental mRNA genetic ‘vaccine’ cocktail is so unpopular, that health workers have resorted to bribing the youth with recreational drugs in order to get them to take it.

However, alarming news about the safety of the experimental product is now coming out, including new reports from Norway where investigators are now looking into the the deaths of at least 23 elderly recipients of the Pifzer-BioNTech mRNA vaccine – where adverse reactions including fever, nausea and diarrhea, appear to have followed the administration of the much-celebrated jab.

Despite very real safety concerns over the controversial pharmaceutical product, ‘woke’ local growers in the Washington DC area have already pledged three pounds of cannabis for to support this social engineering scheme, DCist reported.

New York Post reports…

Cannabis activist group DC Marijuana Justice plans to offer weed gift bags to those who get the COVID-19 vaccine in the nation’s capital, the organization has announced.

“We are looking for ways to safely celebrate the end of the pandemic and we know nothing brings people together like cannabis,” wrote DCMJ co-founder Nikoas Schiller in a press release for the initiative, dubbed “Joints for Jabs.”

The group plans to hand out free ganja baggies at Washington, DC, vaccination sites, both to commemorate what is hopefully the beginning of the end of the coronavirus pandemic and as advocacy for both reefer and getting vaccinated.

“To celebrate this momentous occasion and thank people for getting vaccinated, dozens of DC homegrowers will lawfully distribute free bags of cannabis outside vaccination centers as soon as the general public is able to get vaccinated,” the release says, further quoting Schiller as saying, “When enough adults are inoculated with the coronavirus vaccine, it will be time to celebrate — not just the end of the pandemic, but the beginning of the end of cannabis prohibition in the United States.”

Continue this story at the NY Post

Tyler Durden Wed, 01/20/2021 - 15:41
Published:1/20/2021 3:01:22 PM
[Entertainment] Hunter Biden Remembers His Late Brother Beau by Naming His Son in His Honor Hunter Biden, his infant son with wife Melissa CohenHunter Biden has paid tribute to Beau Biden by naming his son after his late brother. According to People, the touching moniker was revealed on Jan. 19 when President Joe Biden's...
Published:1/20/2021 3:01:22 PM
[Immigration] [Ilya Somin] The End of Trump's Travel Bans On his first day as president, Biden will end both of Trump's travel ban policies. It's a big step in the right direction, though more remains to be done. Published:1/20/2021 3:01:22 PM
[National Security] China Sanctions Pompeo, Senior Trump Officials as Biden Takes Office

The Chinese government announced sanctions on former secretary of state Mike Pompeo, former national security adviser Robert O’Brien, and over 20 other figures from the Trump administration as they left office Wednesday.

The post China Sanctions Pompeo, Senior Trump Officials as Biden Takes Office appeared first on Washington Free Beacon.

Published:1/20/2021 3:01:21 PM
[Podcasts] Inaugurating the Biden Era with Meghan McCain
Podcast: Meghan McCain on the Biden era.
View Post
Published:1/20/2021 3:01:21 PM
[817bbf35-6762-5175-b162-26f6ea312a16] Everything Garth Brooks has said about politics Garth Brooks is courting some political controversy after performing at the inauguration of Joe Biden.  Published:1/20/2021 3:01:21 PM
[World] : Europe greets Biden’s inauguration with relief and muted hopes The EU and the U.S. may not agree on how to deal with and regulate the power and influence of big U.S. tech companies such as Facebook or Google.
Published:1/20/2021 3:01:21 PM
[] NY Times: We may be underselling the effectiveness of our vaccines Published:1/20/2021 2:29:30 PM
[] Qollapse: Maybe the real Q was "all the friends and happy memories" we made along the way, or something Published:1/20/2021 2:29:30 PM
[Uncategorized] Germany: Merkel Extends Coronavirus Lockdown Amid Discovery of New Variant in Bavaria

Merkel: "Now is the time to guard against the danger posed by this mutated virus."

The post Germany: Merkel Extends Coronavirus Lockdown Amid Discovery of New Variant in Bavaria first appeared on Le·gal In·sur·rec·tion.
Published:1/20/2021 2:29:30 PM
[Health] Amazon offers Biden resources for Covid-19 vaccine rollout Following Joseph Biden’s swearing in as the 46th President of the United States, Amazon is offering help in the administration’s stated goals for rolling out the Covid-19 vaccine. In a letter provided to TechCrunch, Worldwide Consumer CEO Dave Clark congratulates Biden and Vice President Kamala Harris, while promising, “to assist you in reaching your goal […] Published:1/20/2021 2:29:30 PM
[] In New Hampshire, A Trump Republican Squares Off Against the GOP Establishment Published:1/20/2021 2:29:30 PM
[Politics] Five Reasons to Oppose Biden’s Plan to Raise the Corporate Tax Rate Published:1/20/2021 2:29:30 PM
[Politics] Casual Bernie Sanders goes viral as the inauguration's unexpected meme

With his jacket, mittens and manila envelope, Sen. Bernie Sanders becomes an Inauguration Day meme we never expected but certainly appreciate.

Published:1/20/2021 2:29:30 PM
[U.S. POLITICS] Biden to Rescind Trump’s ‘1776 Commission’ on Day One

In a flurry of first-day activities, Joe Biden’s administration will rescind President Trump’s 1776 Commission, an initiative designed to teach and inform “patriotic education.”  First announced in September, the commission aimed to push back on the idea that the country is “irredeemably and systematically racist” and present an alternative to the New York Times’ 1619 […]

The post Biden to Rescind Trump’s ‘1776 Commission’ on Day One appeared first on Human Events.

Published:1/20/2021 2:29:30 PM
[Issues] Describing Jews as ‘Privileged,’ Ethnic Studies Curriculum Sparks Backlash

The latest draft of a state-mandated public school curriculum is generating concerns among Jewish groups, who say California's proposed ethnic studies agenda raises troubling questions about the treatment of Jews compared with other minorities. The draft curriculum is intended to serve as the foundation for schools to fulfill California's required high school ethnic studies class. ...

The post Describing Jews as ‘Privileged,’ Ethnic Studies Curriculum Sparks Backlash appeared first on Washington Free Beacon.

Published:1/20/2021 2:29:29 PM
[Joe Biden] Resist Joe Biden? (Paul Mirengoff) After Barack Obama was elected in 2008, I wrote a column for the Washington Examiner (also published on Power Line) about how conservatives should respond to and cope with the Obama presidency. It was a high-minded piece that included such advice as “pray that President Obama achieves greatness in office” and “don’t assume that Obama is always wrong,” The column wasn’t easy for me to write. Not after witnessing the Published:1/20/2021 2:29:29 PM
[Markets] Did you love poet Amanda Gorman's inaugural recitation? Here is the transcript Did you love poet Amanda Gorman's inaugural recitation? Here is the transcript Published:1/20/2021 2:29:29 PM
[62d5e7ba-4342-58d7-a837-b7b33b6d25e3] Joe Biden's inauguration makes 'Parks and Rec' trend as fans recall Leslie Knope's love for then-VP Knope was Biden's biggest fan on the NBC comedy series. Published:1/20/2021 2:29:29 PM
[Markets] Mark Hulbert: Stock-market bulls are fooling themselves over the risk of a bear market while the economy keeps growing There's another trigger for big declines in the stock market beyond economic recession.
Published:1/20/2021 2:29:29 PM
[Markets] Biden Institute Refuses To Disclose Donors; Blinken Faces Questions Over $22 Million In Anonymous Chinese Contributions Biden Institute Refuses To Disclose Donors; Blinken Faces Questions Over $22 Million In Anonymous Chinese Contributions

The Biden Institute at the University of Delaware has refused to disclose all of its donors now that Joe Biden is President, according to Politico.

Joe Biden speaks during an event to formally launch the Biden Institute at the University of Delaware on March 13, 2017. | Patrick Semansky/AP Photo

The Institute, established in 2017 with a goal of raising $20 million, promises to embody the spirit of "honesty, integrity, compassion and courage" that it claims Biden stands for - yet, as Politico notes, "the Biden Institute continues to engage in a multimillion-dollar fundraising campaign, which could attract donations from those interested in currying favor with the Biden administration."

Meanwhile, Biden's pick for Secretary of State, Tony Blinken, is facing calls to explain over $20 million in anonymous Chinese funding of the Penn Biden Center for Diplomacy and Global Engagement, established in 2018 and run by Blinken since its inception along with former Obama Administration aides.

The National Legal and Policy Center (NPLC) is demanding "that the University of Pennsylvania and its Penn Biden Center disclose the identity of $22 million in anonymous Chinese donations since 2017, including a single eye-popping donation of $14.5 million given on May 29, 2018, shortly after the opening of the Biden Center in Washington, DC. Altogether, China gave $67 million in two years to the University of Pennsylvania."

Apparently nobody asked Blinken about this during his confirmation hearing on Tuesday.

At least 28 people with ties to Biden nonprofits and academic centers have either advised his transition or are joining the Biden administration.

Tony Blinken, Biden’s pick for secretary of State, worked as a managing director at the Penn Biden Center and was paid nearly $80,000 in the first six months of 2019, according to his personal financial disclosure.

Other Penn Biden Center alumni joining the administration include Steve Ricchetti, who will be a White House counselor to Biden; Brian McKeon, Biden’s choice for a top State Department post; Colin Kahl, Biden’s pick for under secretary of Defense for policy; Jeff Prescott, whom Biden will nominate as deputy ambassador to the United Nations; and Carlyn Reichel, Juan Gonzalez and Ariana Berengaut, all of whom will serve on the National Security Council staff.

Ted Kaufman, who’s running the transition, served as the Biden Foundation’s chair, and Louisa Terrell, who will be Biden’s White House legislative affairs director, drew a salary of more than $220,000 as its executive director, according to a tax filing. -Politico

 We're sure the MSM will get right on that Chinese money trail.

Tyler Durden Wed, 01/20/2021 - 15:26
Published:1/20/2021 2:29:29 PM
[] American Journalism is Back, Baby!: More Wisdom from Our Intellectual and Moral Betters Chris Wallace of the Chris Wallace's Leftwing Opinions Network (CLOWN) didn't just declare that Biden's slurring was the "greatest inauguration I've ever heard." No, Chris Wallace of the Chris Wallace's Leftwing Opinions Network also declared that the media --... Published:1/20/2021 2:29:29 PM
[] "Democracy has prevailed": Biden's inaugural address Published:1/20/2021 2:01:42 PM
[World] Biden's uncontrolled immigration will cause irreversible harm to America

In 1980, singer Neil Diamond recorded a song that celebrated American immigration, first in the early 1900s and then more recently. The song included this chorus:

“On the boats and on the planes
They’re coming to America
Never looking back again
They’re coming to America.”

The song makes no distinction ... Published:1/20/2021 2:01:41 PM

[Politics] Fond Farewell to FCC Chairman Ajit Pai Published:1/20/2021 2:01:41 PM
[28f1dd5a-e63c-5cec-9da2-d65321052e46] Sen. Marco Rubio: Joe Biden is president, now what Joe Biden is now our president, a position held by only 44 other Americans in history. Published:1/20/2021 2:01:41 PM
[Markets] The last Trump Scorecard: Here's what is says about the economy the past 4 years The last Trump Scorecard: Here's what is says about the economy the past 4 years Published:1/20/2021 2:01:41 PM
[Columns] Biden’s Day

It was impossible to hear Joe Biden’s Inaugural Address without comparing it to Donald Trump’s. Four years ago, Trump blamed the “American carnage” that propelled his rise to power on a feckless and out of touch elite who had collaborated with nefarious outsiders to rob the middle class of its wealth and status. Trump’s speech was brief (16 minutes long), direct, uncompromising, and unforgettable. It left the political world in shock. George W. Bush spoke for many when he was overheard saying, “That was some weird s—t.” The Trump inaugural foretold a presidency like no other.

The post Biden’s Day appeared first on Washington Free Beacon.

Published:1/20/2021 2:01:41 PM
[Column] Dear Sophie: What are Biden’s immigration changes? What is your sense as to how the new administration will change business, corporate and startup founder immigration to the U.S.? Published:1/20/2021 2:01:41 PM
[World] Trump Pardons Big Money Rappers, Donors—But Not Whistleblowers

No swamp draining here, as Julian Assange and Edward Snowden are hung out to dry.

The post Trump Pardons Big Money Rappers, Donors—But Not Whistleblowers appeared first on The American Conservative.

Published:1/20/2021 2:01:41 PM
[Entertainment] What Really Went Wrong Between Ben Affleck and Ana de Armas Before Their Split Ben Affleck, Ana de ArmasBen Affleck's relationship with Ana de Armas was rocky in the months leading up to their breakup, E! News has learned. The 48-year-old actor and 32-year-old actress, co-stars in the...
Published:1/20/2021 2:01:41 PM
[Markets] NYC Delays 23K COVID Vaccinations As McKesson "Logistical Error" Leaves Moderna Jabs Too Cold NYC Delays 23K COVID Vaccinations As McKesson "Logistical Error" Leaves Moderna Jabs Too Cold

Following comments from a top Israeli public health official who said that Pfizer's vaccine hasn't been quite as effective as they hoped according to the initial data, with the efficacy rate closer to 50% than the 95% that had been advertised, we're now learning that NYC was forced to cancel 23K scheduled vaccinations after a McKesson "logistical error" forced them to recall 21 shipments of the Moderna jabs.

Appointments at all 15 of the city's vaccination centers have been canceled on Wednesday.

The world seemed to be too preoccupied with President Joe Biden's inauguration to notice, as global stocks celebrated the new administration as the Bushes, the Clintons and all their establishment pals showed up for Biden's speech and inauguration in front of 20K flags.

First, on Wednesday, McKesson confirmed that it had recalled several shipments of the Moderna vaccines after a logistical error caused them to be delivered too cold. It echoed an earlier logistical error involving Pfizer jabs that were delivered too hot.

McKesson was simply confirming news that was reported yesterday by a Lansing, Mich.-area TV station, which reported that 21 shipments of the vaccine had spoiled, and that McKesson had notified Moderna about the issue.

Shortly thereafter,  NYC Mayor Bill de Blasio and one of the city's top health officials confirmed Wednesday that the city had been forced to reschedule 23K vaccinations due to supply shortages caused by these delays.

Health Commissioner Dave Chokshi said he was informed about the delays in the Moderna shipments by the city’s partners at the federal government, and added that the delays weren't related to side effects or vaccine performance.

“This is purely a shipment issue, a logistical issue,” Chokshi said.

“We anticipate that the vaccines are intact and we will get them in the course of delivery today and tomorrow.”

About half of the delayed supply was intended to be given as second doses. The rescheduled appointments, though, are for people getting their first doses, who will be offered new appointments in the next week."

It appears the delays in New York are a direct result of the shipments being delivered too warm. About half of the delayed supply was intended to be given as second doses, according to Bloomberg. Most of the rescheduled patients were set to receive their shot for the first time as people who had already received their first shot and were due for their booster took precedence.

Of course, temperature issues haven't been the only problems with the vaccine rollout. Moderna recalled a batch in California after a higher-than usual number of patients had "adverse" reactions. And, of course, many have died, and many others been sickened around the world. Though admittedly still a small fraction of the 40MM+ people who have purportedly received the vaccine worldwide.

McKesson and Moderna have, so far, been vague about the nature of the logistical issue that caused this - and we could understand vaccines being shipped too hot, but it seems like shipping something too cold would take more deliberate effort.

While logistical issues have seemingly been rare, the US is finally getting over a problem where hospitals couldn't manage to distribute vaccines quickly enough. This was blamed, in some places, on too-restrictive requirements on who qualified to receive the vaccine, as huge numbers of health-care workers, and a surprising number of long-term care home residents, have passed on taking it.

Fortunately, it looks like the shipments were recalled before any of the spoiled doses could be distributed. But if nothing else, it's  an example of the fraught logistical process used to transport the vaccines. And that's presumably in addition to the reactions that we've seen around the world, which have caused some health authorities to consider pausing distribution.

Tyler Durden Wed, 01/20/2021 - 14:45
Published:1/20/2021 2:01:41 PM
[Politics] Get Ready for 4 Years of Media Sycophancy

On Sunday, Jan. 17, Vice President-elect Kamala Harris sat down with Jane Pauley of CBS News “Sunday Morning.” Pauley treated Harris to a full-on journalistic... Read More

The post Get Ready for 4 Years of Media Sycophancy appeared first on The Daily Signal.

Published:1/20/2021 2:01:41 PM
[2021 News] Biden Changes U.S. Ambassador to Israel Twitter Name to Include West Bank and Gaza

Biden Changes U.S. Ambassador to Israel Twitter Name to Include West Bank and Gaza. It looks like Joe’s already taking his orders from Deep State to get a war in the Middle East fired up.

The post Biden Changes U.S. Ambassador to Israel Twitter Name to Include West Bank and Gaza appeared first on IHTM.

Published:1/20/2021 2:01:41 PM
[Markets] Jeff Reeves's Strength in Numbers: 5 reasons why 2021 just might be the year GM’s stock price stands up to Tesla It's more than the Microsoft deal.
Published:1/20/2021 2:01:41 PM
[Politics] Hunter Biden, Family Attend Father's Inauguration Amid Probe President Joe Biden's son Hunter Biden, whose taxes are being investigated by a federal prosecutor in Delaware, was front and center at his father's inauguration Wednesday. He, his wife, and their infant son were seated with the Biden family as his father was sworn in. "All... Published:1/20/2021 1:29:59 PM
[Middle Column] Biden’s inaugural speech claims he hears planet Earth speaking to him: ‘A cry for survival comes from the planet itself’
Published:1/20/2021 1:29:59 PM
[In The News] Biden Accuser Tara Reade: ‘Unspeakably Hard’ To Watch Biden Take Office

By Mary Margaret Olohan -

President Joe Biden’s accuser Tara Reade weighed in on the former vice president’s ascension to the highest office in the land Wednesday, calling Biden’s inauguration “unspeakably hard to watch.” “Coming forward about being sexually harassed and assaulted in 1993 when I was Joe Biden’s staffer was excruciating on so many levels,” Reade told the Daily …

Biden Accuser Tara Reade: ‘Unspeakably Hard’ To Watch Biden Take Office is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 1:29:59 PM
[Entertainment] All the Statement-Making Fashion You Might Have Missed at the 2021 Presidential Inauguration Lady Gaga, 2021 Presidential InaugurationOn this Inauguration Day, the clothes were not quiet. As the world had their eyes glued on America's historic day on Wednesday, Jan. 20, it was hard not to notice the fashion that...
Published:1/20/2021 1:29:59 PM
[Politics] Celebrities cheer as Biden and Harris sworn in: 'Today is just the best day ever'

"It's good to be able to breathe again," Bette Midler tweets, echoing a host of celebs on Inauguration Day. Here's a sampling of famous folks' thoughts.

Published:1/20/2021 1:29:59 PM
[Politics] And just like that the US government is anti-Israel all over again… Biden’s only barely been inaugurated and already his administration is making changes that show just how anti-Israel they are: BREAKING: Biden Admin Changes U.S. Ambassador to Israel into "U.S. Ambassador to Israel, . . . Published:1/20/2021 1:29:59 PM
[Politics] And just like that the US government is anti-Israel all over again… Biden’s only barely been inaugurated and already his administration is making changes that show just how anti-Israel they are: BREAKING: Biden Admin Changes U.S. Ambassador to Israel into "U.S. Ambassador to Israel, . . . Published:1/20/2021 1:29:59 PM
[Markets] Wall Street Declares "The Beginning Of The End Of The COVID Crisis" Wall Street Declares "The Beginning Of The End Of The COVID Crisis"

One month ago, we said that the beginning of the end of the covid pandemic would mysteriously coincide with the Biden inauguration, and sure enough that's precisely what has just happened. As BofA's Ethan Harris writes overnight in his daily COVID news wrap, "with COVID cases falling and vaccines accelerating, this is probably the beginning of the end of the COVID crisis", echoing similar notes from a variety of other banks published today.

What has sparked BofA's optimism? Harris explains:

  • Renewed restrictions and the end to the holiday season seem to be bending the cases curve.
  • The vaccine rollout should continue to accelerate as new resources and effort is put into the project.
  • There is one major caveat: new more contagious strains have arrived in the US. Bending the curve

The BofA economist then argues this point with his chart of the day, which shows that the US is now clearly over the hump, with 142,000 COVID cases in the US on Monday, down 32% from the prior Monday.... the seven day average has also dropped, to 209,000, down 16% from the peak on January 8th. In another good sign, Harris notes that "testing is increasing and the share of tests that come back positive is falling" and cheerfully adds that "It seems clear that an end to the holiday season, a modest increase in restrictions and a small increase in herd immunity is bending the COVID curve."

To be sure, while deaths are still trending higher with the 7-day moving at 3,300 as of yesterday, this is a lagging trend, and BofA says that "this is up only 1.5% from a week ago, so we may soon see a flattening of the fatalities curve."

The key reason for BofA's cautious euphoria is the same one we flagged a month ago: as Harris notes next, "after a very slow start, vaccinations are picking up speed. The seven day average has accelerated from roughly 200,000 per day initially to 800,000  yesterday and continues to rise. Looking ahead, we think they will be able to ramp up shots to more than a million a day for an extended period."

We see four reasons for optimism. First, after months of fiddling and diddling there is federal money to support local distribution efforts. Second, there is a learning process going on. Slow states can learn from fast states. Experience has shown that it is better to not hold back second doses. Third, resistance to getting the vaccine is likely to continue to ease especially if there is an effective and transparent public information campaign. Fourth, as COVID cases and hospitalizations ease, it will free up medical resources for the vaccination effort.

What does this declaration of victory mean for the economy? As a result of what BofA now sees an gradual return to normal, the bank sees upside risks to its above-consensus forecast:

We think the vulnerable population will be inoculated by March/April, cutting hospitalizations dramatically, and allowing a partial reopening. Michelle Meyer and team have already boosted their GDP forecast for 2021 from 4.6% to 5.0% based on a somewhat earlier and bigger stimulus package. Moreover, like most forecasters they have not incorporated the impact of a second package. Indeed, as we will write more about, the proposed $1.9tr on top of $0.9tr would almost match the stimulus last spring, at a time when the economy is already posed to surge.

Just ignore the inflationary conflagration that could follow the combination of trillions in new stimulus hitting at the same time as the economy returns to normal.

There's more, however, because it was not just BofA that is on the cusp of declaring victory. In a note also published overnight from Goldman's top economist Jan Hatzius, he writes that "a vaccine-driven reduction in hospitalizations is likely to kick off the growth rebound through relaxed restrictions and some reductions involuntary consumer social distancing." The bank smodel the vaccine impact on hospitalizations in the US, where they appear to have peaked – consistent with what we published a month ago– and in the UK, where they are are now flattening.

Goldman then repeats its core thesis, that vaccinations targeting the most at-risk group is what has tipped the tide: in the US, over 65s account for 50% of Covid-19 hospitalizations and 80% of fatalities but only 15% of confirmed cases. As a result, Goldman says that vaccination campaigns across the globe have prioritized these high-risk groups to front-load public health benefits.

Furthermore, Goldman estimates that the 20% highest vaccine priority citizens in the US and UK have accounted for roughly 50-60% of hospitalizations so far. Moreover, in the UK, where age more than occupation determines priority, the 20% highest vaccine priority citizens have accounted for nearly 90% of fatalities compared to roughly 65% in the US.

Putting these numbers in context, so far around 45% of long term care facility residents and staff in the US and at least 50% of ages 80+ in England have already received their first dose.

Next, Goldman picks up on its analysis from mid-December, laying out its revised hospitalization scenarios. Pointing out that according to its estimates, vaccinations so far have likely lowered US and UK hospitalizations by 2% and 7%, (by comparing actual hospitalizations and hypothetical hospitalizations if there had been no vaccinations) the bank then estimates that through April, vaccinations should reduce hospitalizations by nearly one-half in the US and three-quarters in the UK relative to counterfactuals assuming no vaccinations (Exhibit 7).

More importantly, Goldman now estimates that hospitalizations have likely already peaked in both the US and the UK, "even under the pessimistic scenario where hospitalizations among the non-vaccinated far surpass their already record high levels."

Finally, Goldman estimates that hospitalizations, which are currently still very elevated, are likely to remain above their early November levels for much of Q1 although these should drop to almost zero by the summer (Goldman's projected declines in hospitalizations are smaller in the US than in the UK, due to the less rapid US vaccination timeline).

Details aside, Goldman's optimistic conclusion is that US and especially UK hospitalizations decline significantly in coming months in most scenarios (that said, while recent hospitalization trends are encouraging, slower vaccine distribution, lower demand among priority groups, accelerated virus spread from new strains, and potentially reduced vaccine efficacy pose significant downside risks).

And while there are the usual cautionary statements, Goldman - like BofA - is now confident that we have now seen the worst of the covid crisis, and is also why Goldman is comfortable with its baseline view that vaccine-driven reductions in hospitalizations will contribute to annualized Q2 growth reaching 10% in the US. Oh, and yes, that this "new covid dawn" coincides with Biden's inauguration is not lost on anyone. 

Tyler Durden Wed, 01/20/2021 - 14:17
Published:1/20/2021 1:29:58 PM
[771464cb-8972-5764-aa3d-de6469b32256] Celebrities performing and attending the inauguration of President Joe Biden Lady Gada, Jennifer Lopez, and more partake in the celebration. Published:1/20/2021 1:29:58 PM
[American Society] Promises Made
Now we must hold him to it.
View Post
Published:1/20/2021 1:29:58 PM
[Politics] Biden Calls for End to ‘Uncivil War’ in Unity-Themed Inaugural Address

President Joe Biden led a silent prayer and read Scripture as he called for unity in an inaugural address that not only followed disputed election... Read More

The post Biden Calls for End to ‘Uncivil War’ in Unity-Themed Inaugural Address appeared first on The Daily Signal.

Published:1/20/2021 1:29:58 PM
[Science] Remote workers are greener, but their tech still has a real carbon cost The massive shift to remote work due to COVID-19 has resulted in a huge reduction in emissions from vehicles and other sources, but it comes with costs of its own. A new study puts tentative carbon costs on the connectivity and data infrastructure that make working from home possible — and gives you an excuse […] Published:1/20/2021 1:29:58 PM
[Markets] : Regulators have hit PC gaming giant Valve with a $2 million fine for breaking antitrust rules on Steam Gaming giant Valve has been hit with a €1.6 million ($2 million) fine after European Union regulators ruled it helped restrict cross-border sales on Steam, the world's largest online platform for PC games.
Published:1/20/2021 1:29:58 PM
[] Wyoming State Senator Files to Run Against Neocon NeverTrumper Liz Cheney in Primary Challenge Thanks to redridinghood. In a news release announcing his campaign Wednesday, the hard-line conservative state senator said he was running to oust Cheney for her vote to impeach former President Donald Trump for his role in inciting a riot at... Published:1/20/2021 1:29:58 PM
[Politics] Chris Wallace is thrilled, says Biden gave the best inaugural address he’s ever heard [VIDEO] Chris Wallace went gaga this morning after hearing Biden’s inaugural address today, calling it the best he’s ever heard: Chris Wallace: “I thought this was the best inaugural address I've ever heard" . . . Published:1/20/2021 1:05:24 PM
[National Security] Biden Changes U.S. Ambassador to Israel Twitter Name to Include West Bank and Gaza

The Biden administration on Wednesday changed the U.S. ambassador to Israel's Twitter account name to read, "the official Twitter account of the U.S. Ambassador to Israel, the West Bank, and Gaza," walking back the Trump administration's pro-Israel policies.

The post Biden Changes U.S. Ambassador to Israel Twitter Name to Include West Bank and Gaza appeared first on Washington Free Beacon.

Published:1/20/2021 1:05:24 PM
[ce12f821-017d-522f-9a55-b553f158787e] Stephen Baldwin, 'Duck Dynasty' star Korie Robertson share prayers amid Biden inauguration Stephen Baldwin and Korie Robertson were two celebrities who shared prayers on Wednesday ahead of Joe Biden's inauguration. Published:1/20/2021 1:05:24 PM
[Politics] Photos: History made as Kamala Harris is sworn in as the nation's vice president

Kamala Harris was sworn in Wednesday as U.S. vice president — the first woman, first Black American and first Asian American in the position.

Published:1/20/2021 1:05:24 PM
[Markets] The Staggering Levels Of Real "Inflation-Adjusted" Gold And Silver Prices The Staggering Levels Of Real "Inflation-Adjusted" Gold And Silver Prices

Authored by Ronan Manly via BullionStar.com,

In economics, a real value refers to any value that has been adjusted for inflation. A nominal value is a value that has not been adjusted for inflation. Inflation here refers to the general increase in price levels.

Many will be familiar with inflation adjustments that are applied to GDP, wages, interest rates, security returns, and of course consumer prices and asset prices. The resulting data is usually referred to as “real (inflation-adjusted)” data.

Economic data is adjusted for inflation so that data measured over time takes into account the inflation rate over that time period, and removes the distortive effect that this inflation would have on comparisons of data points over time. Inflation is measured by calculating the rate of change in the prices of a basket of goods and services, such as a consumer price index (CPI) or a cost of living index (COLI).

However, the critical variable in any inflation adjustment is what inflation rate to use, and whether the calculation of this inflation rate and its methodology and resulting outputs can be trusted. Governments have a vested interest in generating a low inflation rate so that economies appear healthy and that inflation-linked government payouts in the form of pensions, social security, and inflation-linked debt will be minimized.

Central banks have a vested interest in a low inflation rate as it makes the purchasing power of their fiat currencies looks less weak than they actually may be, while hiding negative interest rates during low interest rate environments.

Is the US, the most widely used calculation of inflation is the US government’s set of consumer price indices (CPI) calculated by the US Bureau of Labor Statistics (BLS). However, these indices are widely lambasted as being a fiction in their construction if not an outright lie, the motivation of the BLS being to understate inflation for their political paymasters for the reasons mentioned above.

This is why alternative inflation rate providers such as John Williams' ShadowStats have emerged to counteract the government version of inflation and to provide a more truthful and factual alternative.

For example, the Bureau of Labor Statistics latest release, published on 13 January 2021, will tell you that annual inflation based on its flagship Consumer Price Index for All Urban Consumers (CPI-U) for 2020 was a mere 1.4%.

Whereas, the ShadowStats Alternate CPI (1980 Base) in its daily update of 14 January 2021 finds that “annual average inflation was 8.9% in 2020”.

The difference is massive and striking. And when these differences between the increasingly US government massaged CPI numbers and the previous 1980 methodology are compounded over the years, the differences in inflation rates and inflation adjustments is staggering.

ShadowStats explains that its Alternate CPI:

“reflects the CPI as if it were calculated using the methodologies in place in 1980.

In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.”

ShadowStats also says that:

“The ShadowStats Alternative CPI-U measures are attempts at adjusting reported CPI-U inflation for the impact of methodological change of recent decades

In short, ShadowStats says in an article explaining the Bureau of Labor Statistics hoax, that:

the Consumer Price Index has been reconfigured since the early-1980s so as to understate inflation versus common experience”.

Real (Inflation-Adjusted Prices) - CPI versus ShadowStats

Accurate inflation figures are always important but arguably more so right now in the current global environment of financial repression imposed by central banks and governments via unlimited global quantitative easing, economic stimulus in the multi-trillions of dollars, rapid growth in the global money supply, and low to negative interest rates.

US M2 – Broad money supply measure – Date range Jan 2016 - Dec 2020. Source – Fed St Louis

Given that unlimited money printing and fiat currency destruction ultimately lead to high inflation and possibly hyperinflation, there is a need for a range of functioning alarm bells to signal the onset of these phenomena.

While rising prices in general commodities, raw materials and Bitcoin seem to be doing their job right as alarm bells signaling higher inflationary expectations and a race to the bottom in fiat currency values, central banks have for now managed to disable the traditional inflation barometer in the form of a rising US dollar gold and silver prices. Or so they think.

But as with all manipulations and interventions, by subduing inflation data, central banks and their government schemers have only made the future upward moves in monetary metals prices all the more spectacular when the paper gold hoax finally comes to an end. They governments and central bankers have also left all the evidence for anyone to see in the form of real (inflation-adjusted) gold and silver prices.

While this is even obvious using the US CPI data as an inflation adjustment, it is spectacularly so when gold and silver prices are adjusted for inflation using the ShadowStats Alternate CPI data, as you will see below from the gold and silver price charts of website GoldChartsRUs. These GoldChartsRUs charts use prices that are adjusted for historic inflation right up to December 2020.

Central to inflation-adjusted gold price data series is the legendary US dollar gold price move of the late 1970s and  into January 1980, a move which culminated on 21 January 1980 with the gold price trading at the $850 level, a level which was to become a multi-year peak for the nominal gold price.

Although now 41 years ago, that $850 level is still critical since, when adjusted for inflation (by all inflation measures), it is still appearing as the peak for real (inflation-adjusted) gold prices.

CPI Adjustment - Gold

The first chart below is a long term US dollar gold price chart since 1700 that has been inflation-adjusted by the US Consumer Price Index (CPI-U) from the Bureau of Labor Statistics.

You can see that based on this CPI adjustment, that the all time real high of the US dollar gold price was in January 1980 at US $ 3045 per troy ounce.

Gold prices, inflation adjusted by CPI, from 1700 to end of December 2020. Source: www.GoldChartsRUs.com

The next chart is the same data, but zoomed in from 1950 to December 2020.  The main takeaway from these charts is that even adjusting by the spurious and deliberately understated US Government inflation statistics, the US dollar gold price (currently at US$ 1830 at the time of writing) is still 66.4% below its real CPI adjusted all time high.

Gold prices, inflation adjusted by CPI, from 1950 to end of December 2020. Source: www.GoldChartsRUs.com

CPI Adjustment - Silver

Turning to silver, there have been two well-known historical peaks in the US silver price, the first at $49.45 per troy ounce on 18 January 1980 (which was connected to the Hunt Brothers' trading) and the second just less than 10 years ago on 28 April 2011, when the price spiked at $49.20. Although in nominal terms these two peaks were of similar magnitudes, one was 31 years before the other, and so the inflation adjustment for the 1980 peak price will be larger than for the 2011 price.

Silver prices, inflation adjusted by CPI, from 1700 to end of December 2020. Source: www.GoldChartsRUs.com

Looking at the long term US dollar silver price chart since 1700, inflation-adjusted by the Bureau of Labor Statistics' Consumer Price Index (CPI-U), we can see that, similar to gold, the peak in the silver price occurred at the early 1980 high, and that the CPI inflation-adjusted all time high for silver when using the deliberately subdued CPI adjuster was an impressive US$ 140.85, which would be an incredible 469% above the current silver price of US$ 24.75 (at the time of writing).

Silver prices, inflation adjusted by CPI, from 1950 to end of December 2020. Source: www.GoldChartsRUs.com

Looking at a more zoomed in version of this chart, from 1950 onwards, the 1980 peak in real terms, compared to the 2011 peak, is clearer.

Shadow Stats Adjustment - Gold

And now for something that will blow your mind. Moving beyond the manipulated twilight zone of inflation data churned out by the US Bureau of Labor Statistics, let's look at gold and silver prices adjusted by the ShadowStats Alternate CPI (1980 Base).

As a reminder, this Alternate CPI from ShadowStats is an estimate of inflation up until today as if it were calculated using the methodologies that the Bureau of Labor Statistics used in 1980.

Using this Alternate CPI, the real (inflation-adjusted) historical prices of gold and silver become staggering.

Gold prices, inflation adjusted by ShadowStats Alternate CPI, from 1700 to end of December 2020. Source: www.GoldChartsRUs.com

The first chart above is a long term US dollar gold price chart since 1700, inflation-adjusted by the ShadowStats Alternate CPI. Spectacularly, the January 1980 high in the gold price, when adjusted for subsequent inflation is US$ 20,900.24 per troy ounce. Yes, you read that correctly. Nearly US$ 21,000.

In other words, in real terms, the current US gold price of US$ 1830 is massively below gold's all time high, in fact, 1042% below it's real all time high.

Gold prices, inflation adjusted by ShadowStats Alternate CPI, from 1950 to end of December 2020. Source: www.GoldChartsRUs.com

The zoomed in version of this chart from 1950 onwards more clearly shows this massive inflation adjusted peak of nearly US $21,000, and also illustrates the political crime of the Bureau of Labor Statistics in subduing and depressing inflation data since 1980 and destroying the traditional inflationary price signals of gold.

Shadow Stats Adjustment - Silver

Adjusting historical US dollar silver prices by the ShadowStats Alternate CPI  is equally mind blowing. Using the same ShadowStats Alternate CPI (1980 Base) data series to  inflation-adjust silver, the real all time high in the silver price is an incredible US$ 966.77, recorded during the January 1980 high. Yes folks, that's nearly US$ 1000.

This real inflation-adjusted all time high is 3800% above the current US dollar silver price.

Silver prices, inflation adjusted by ShadowStats Alternate CPI, from 1700 to end of December 2020. Source: www.GoldChartsRUs.com

A zoomed in version of the ShadowStats inflation-adjusted silver price series from 1950 to December 2020 can be seen above, with the January 1980 inflation-adjusted all time high of nearly US$ 1000 per troy ounce.

Silver prices, inflation adjusted by ShadowStats Alternate CPI, from 1950 to end of December 2020. Source: www.GoldChartsRUs.com

Conclusion

Nominal gold and silver prices in US dollars are currently far below their real (inflation-adjusted) all time highs. And this is even true when using the corrupted, artificial and politicized CPI data of the US Government's Bureau of Labor Statistics. Even a believer in the official CPI data must question why gold and silver prices have not kept pace with officially published US Government inflation statistics. As the US hurtles towards destroying the US dollar with ever larger banana republic policies, how long more can the paper gold and silver market charade be kept going?

But when using the earlier Bureau of labor Statistics methodology of 1980, as reconstructed by the ShadowStats Alternative CPI-U, the real (inflation-adjusted) gold and silver prices are truly staggering, with all time 1980 highs of nearly US$ 21,000 and US$ 1000 respectively. Everyone with an interest in the free functioning of markets must begin to sit up and question what is going on.

Why has the world allowed a gold and silver price discovery process to evolve that keeps the prices of gold and silver subdued, that has imposed a gigantic inverted paper gold and silver market on top of the real market that is controlled and manipulated by the LBMA banks and their central bank agents, chiefly the Bank of England and Bank for International Settlements (BIS).

Anyone interested in the real value of precious metals must come together to devise a plan to finally break these artificial constraints, thereby allowing gold and silver prices to finally rise to their natural levels. The time is now.

*  *  *

This article was originally published on the BullionStar.com website under the same heading "The Staggering Levels of Real “Inflation-Adjusted” Gold and Silver Prices".

Tyler Durden Wed, 01/20/2021 - 13:50
Published:1/20/2021 1:05:24 PM
[Opinion] Biden Inauguration Was Under Military Lockdown, Trump’s Inauguration Was Open To The Public

By Dave King -

Why is Washington, D.C. completely locked down by National Guard patrols carrying loaded weapons on the eve of the Biden inauguration, while the Trump inauguration in 2017 was open to the public for all to see and to attend? On inauguration day in 2017 there were many protests permitted against Trump, and at least one …

Biden Inauguration Was Under Military Lockdown, Trump’s Inauguration Was Open To The Public is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 1:05:24 PM
[TC] Hello, Extra Crunch community! Thank you again for your support. We’re looking forward to hanging out with you more, even if it’s just online. Published:1/20/2021 1:05:24 PM
[Markets] : Disney closes Hall of Presidents attraction to add Joe Biden animatronic — some say it’s time to end it Some are calling for the attraction to be removed, citing today’s political divisions.
Published:1/20/2021 1:05:24 PM
[] Wait, what happened to "no time to waste" on "immediate relief"? Dems to send Biden a COVID relief bill in ... March Published:1/20/2021 12:35:50 PM
[449190d4-d41d-57ac-9213-5e73eb3f2ad1] Jennifer Lopez's inauguration performance receives high praise for her rendition of ‘This Land Is Your Land’ Jennifer Lopez made heads turn with her performance at Joe Biden’s presidential inauguration ceremony. Published:1/20/2021 12:35:49 PM
[Entertainment] President Joe Biden's Sweet Message To Dr. Jill Biden Will Make You Believe In True Love Joe Biden, Jill Biden, 2021 Presidential InaugurationA meaningful message. Less than an hour before Joe Biden was officially sworn in as the 46th president of the United States on Wednesday, Jan. 20, the politician made sure to send a...
Published:1/20/2021 12:35:49 PM
[Politics] Here's what Jennifer Lopez said in Spanish at Biden's inauguration

Actress-singer Jennifer Lopez injects some Latin pride — and "Let's Get Loud"! — into Biden-Harris inauguration with a familiar passage recited in Spanish.

Published:1/20/2021 12:35:49 PM
[In The News] Default Settings For Inauguration Flag Donations Sends Money To Planned Parenthood

By Mary Margaret Olohan -

The default settings to sponsor inauguration flags sends money to the Presidential Inaugural Committee’s partners — including the Planned Parenthood of America, the nation’s largest abortion provider. The Presidential Inaugural Committee installed an “extensive public art display” that includes 191,500 flags on the National Mall in Washington, D.C. Americans may symbolically sponsor flags by donating …

Default Settings For Inauguration Flag Donations Sends Money To Planned Parenthood is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 12:35:49 PM
[Markets] : Avocado price drop drives down Mission Produce revenue Mission Produce beat expectations in its first earnings report after going public in October.
Published:1/20/2021 12:35:49 PM
[topics:organisations/republicans] What next for Mike Pence as Joe Biden takes office? Published:1/20/2021 12:35:49 PM
[Markets] "Not Even North Korea Would Say This": CNN Anchor Mocked For Unrestrained Fawning Over Biden "Not Even North Korea Would Say This": CNN Anchor Mocked For Unrestrained Fawning Over Biden

On Tuesday CNN’s politics editor and VP David Chalian described the scene and atmosophere of the National Mall in preparation for Joe Biden's inauguration as one of a stark contrast to the "disgraced president" who is leaving the words he used to describe Trump  at the "lowest point in his presidency."

That's when things got weird live on air. Chalian went on a flowery emotional tribute and display of loyalty one might expect in some third world dictatorship. Indeed he was hardly able to contain himself while images of thousands of lights on the National Mall were put up on the screen:

"The contrast on display tonight was so stark. I mean, those lights that are just shooting out from the Lincoln Memorial along the reflecting pool, it’s like almost… extensions of Joe Biden’s arms embracing America."

Journalist Glenn Greenwald voiced perhaps what everyone is thinking: "Not even North Korean TV would say this," he said on Twitter.

It's not hard to imagine how ruthlessly US media would mock any other country's pundits for saying this about their leaders, particularly the line about an imagined "embrace" by the Glorious Leader's "arms" in the form of "lights...shooting out".

A number of commentators underscored that this was only the beginning of more groveling to 'Dear Leader' to come...

Meanwhile...

This embarrassingly sycophantic "extension of Joe Biden's arms" moment is rivaled only perhaps by Chris Matthews' 2008 moment where he said on MSNBC that Obama gives him a "thrill going up my leg".

"I have to tell you, you know, it’s part of reporting this case, this election, the feeling most people get when they hear Barack Obama’s speech," Matthews said live on air. "My, I felt this thrill going up my leg. I mean, I don’t have that too often."

Tyler Durden Wed, 01/20/2021 - 13:30
Published:1/20/2021 12:35:49 PM
[Society] In Abortion Limbo, Foes of Even Modest Curbs Show How Low a Society Can Go

How low can a nation sink?  The history of the past century offers any number of examples.  Radical governments of the right and left have... Read More

The post In Abortion Limbo, Foes of Even Modest Curbs Show How Low a Society Can Go appeared first on The Daily Signal.

Published:1/20/2021 12:35:49 PM
[Politics] Chris Wallace is thrilled, says Biden gave the best inaugural address he’s ever heard [VIDEO] Chris Wallace went gaga this morning after hearing Biden’s inaugural address today, calling it the best he’s ever heard: Chris Wallace: “I thought this was the best inaugural address I've ever heard" . . . Published:1/20/2021 12:35:49 PM
[] Fox News: Best. Inaugural Speech. Ever.CNN: The Lights At the Lincoln Memorial (That Taxpayers and Corporate Donors Paid For) Are "Almost Extensions of Joe Biden's Arms, Embracing America" Reaching for your guns, your wallet, your unconsenting vagina (if a woman) and your throat. American Journalism Is Back, Baby! And if you recall, this Objective Nonpartisan Urinalist was considered so unbiased that he was made a moderator at a... Published:1/20/2021 12:35:49 PM
[AAPL] Apple Stock: Buy, Sell, Or Hold? Published:1/20/2021 12:08:18 PM
[Politics] Kevin McCarthy Hits Biden Over Amnesty House Minority Leader Kevin McCarthy, R-Calif., on Wednesday criticized incoming President Joe Biden for offering amnesty to undocumented immigrants as part of his pathway to citizenship. Biden reportedly plans to announce... Published:1/20/2021 12:08:18 PM
[Coronavirus] BIDEN COVID DEATH TRACKER

CNN will likely stop counting, so the Free Beacon is picking up the slack. Since President Joe Biden took office, 0 Americans have died from COVID-19.

The post BIDEN COVID DEATH TRACKER appeared first on Washington Free Beacon.

Published:1/20/2021 12:08:18 PM
[] Insanity Wrap #129: Biden Takes Oath of Office, We Take Shots Published:1/20/2021 12:08:18 PM
[Politics] Eugene Goodman, who diverted Capitol riot mob, escorted Kamala Harris to the inaugural platform

Capitol Police Officer Eugene Goodman was named an acting deputy House sergeant-at-arms to escort the vice president-elect

Published:1/20/2021 12:08:18 PM
[NEWS & ANALYSIS] PERPETUAL MASKS? Experts Call for Masks Even After Vaccination

Masks have become a critical part of our new day-to-day pandemic lifestyle. Whether it’s a run-of-the-mill blue surgical mask or one with sequins to match your outfit, everyone wears one to help stop the spread of COVID-19. Perhaps one of the most exciting things we have to look forward to is the day we don’t […]

The post PERPETUAL MASKS? Experts Call for Masks Even After Vaccination appeared first on Human Events.

Published:1/20/2021 12:08:18 PM
[Markets] Wall Street is in its riskiest mindset in 20 years: BofA survey Wall Street is loving the stock market as Joe Biden takes over as president, according to the latest Bank of America global fund manager survey. Published:1/20/2021 12:08:18 PM
[ffdf0910-2e40-500e-be2c-da54e000c2de] Celebrities react to Joe Biden's inauguration as the 46th president of the United States On Wednesday, Joe Biden was inaugurated as the 46th president of the United States of America, prompting many of his allies in Hollywood to take to Twitter to share their thoughts with their fans.  Published:1/20/2021 12:08:18 PM
[Markets] "Good Riddance": China Sanctions 28 Trump Officials Including Pompeo, Bolton, Navarro & Bannon "Good Riddance": China Sanctions 28 Trump Officials Including Pompeo, Bolton, Navarro & Bannon

With Joe Biden now sworn in as US President as of 12:01pm, China has slapped sanctions on a who's who of top outgoing Trump administration officials.

Significantly, 28 Trump admin figures will be permanently barred from travel or doing business either on the Chinese mainland or Hong Kong.

"China announces decision to sanction 28 U.S. figures who it alleged to have severely violated China’s sovereignty, including officials in the Trump administration, according to a statement from the Chinese foreign ministry," Bloomberg reports shortly after Biden took the oath of office Wednesday.

"Sanction forbids these people and their family members to enter China mainland, Hong Kong and Macau, and any entities associated with them won’t be able to do business with China," the report added.

This will further include any companies associated with them; for example, companies which have a sanctioned individual on their board or in an executive capacity. Here's state-run Global Times with the official rationale for the punitive measures

Over the past few years, some anti-China politicians in the United States, out of their selfish political interests and prejudice and hatred against China and showing no regard for the interests of the Chinese and American people, have planned, promoted and executed a series of crazy moves which have gravely interfered in China's internal affairs, undermined China's interests, offended the Chinese people, and seriously disrupted China-U.S. relations. The Chinese government is firmly resolved to defend China's national sovereignty, security and development interests. China has decided to sanction 28 persons who have seriously violated China's sovereignty and who have been mainly responsible for such U.S. moves on China-related issues.

And here's a partial list of the top names:

They include Michael R. Pompeo, Peter K. Navarro, Robert C. O'Brien, David R. Stilwell, Matthew Pottinger, Alex M. Azar II, Keith J. Krach, and Kelly D. K. Craft of the Trump administration as well as John R. Bolton and Stephen K. Bannon. These individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China.

Crucially the statement added: "They and companies and institutions associated with them are also restricted from doing business with China."

The dramatic parting shot came after a series of colorful statements out of Chinese state sources:

"Good riddance, Donald Trump!" read a gleeful tweet from Chinese state news service Xinhua in the early morning hours on Wednesday, shortly before President Donald Trump left the White House for the last time. The post linked to a column that blasted the waning days of the Trump administration as a "preposterous show" and decried allied politicians of continued efforts to impose economic and diplomatic sanctions on Beijing.

Moments later, Chinese Foreign Ministry spokeswoman Hua Chunying in a press conference called outgoing Secretary of State Mike Pompeo a "doomsday clown."

Over prior months Trump and Pompeo had ramped up sanctions and travel restrictions on a slew of top Chinese officials, particularly over their alleged interference in Hong Kong's affairs, particularly given the past summer's harsh national security law giving police broad powers to crack down on pro-independence activists. 

Tyler Durden Wed, 01/20/2021 - 12:49
Published:1/20/2021 12:08:18 PM
[Markets] : 3 ways President Biden’s proposed stimulus checks will be different from Trump’s payments 'The $600 already appropriated is simply not enough,' President-Elect Joe Biden said Thursday.
Published:1/20/2021 12:08:18 PM
[Europe] Monzo founder Tom Blomfield is departing the challenger bank and says he’s ‘struggled’ during the pandemic Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. Blomfield held the role of CEO until May last year when he assumed the newly created title of president and resigned from the Monzo board. However, having been given the time and space […] Published:1/20/2021 12:08:18 PM
[topics:people/joe-biden] Joe Biden's policies: The President's views on Covid-19, immigration and the environment Published:1/20/2021 12:08:17 PM
[Uncategorized] Biden Inaugurated, Plans To Immediately Sign 17 Executive Actions Restoring Obama Agenda

Obama administration 2.0?

The post Biden Inaugurated, Plans To Immediately Sign 17 Executive Actions Restoring Obama Agenda first appeared on Le·gal In·sur·rec·tion.
Published:1/20/2021 12:08:17 PM
[] THEIR RULES? Justice Sonia Sotomayor mispronounced Kamala Harris' name at her swearing-in Published:1/20/2021 11:30:12 AM
[Politics] Biden Sworn in as US President Democrat Joe Biden was sworn in as president of the United States on Wednesday, assuming the helm of a country reeling from deep political divides, a battered economy and a raging coronavirus pandemic that has killed more than 400,000 Americans.With his hand on an heirloom... Published:1/20/2021 11:30:12 AM
[Entertainment] Inside Kamala Harris' Groundbreaking, Historic Victory Kamala Harris, Douglas Emhoff, family"You ready to go to work?" With one question this past August, Democratic presidential nominee Joe Biden set Kamala Harris on a collision course with history--first woman, first...
Published:1/20/2021 11:30:11 AM
[Politics] Biden visits cathedral ahead of swearing-in

President-elect Joe Biden's first stop Wednesday was a church service at the Cathedral of St. Matthew the Apostle.

Published:1/20/2021 11:30:11 AM
[Political Cartoons] A Dark Winter – A.F. Branco Cartoon

By A.F. Branco -

When Joe Biden takes the oath of office will his allegiance be with America or China? Political cartoon by A.F. Branco ©2021.

A Dark Winter – A.F. Branco Cartoon is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 11:30:11 AM
[] Unity Watch: As Trump Leaves Office the Left Shows Us They're Miserable Even in Victory Published:1/20/2021 11:30:11 AM
[4ac11338-f783-53d3-989c-093c58537fae] Dr. Robert Jeffress: On Biden's inauguration day, remember these truths about God, politics and our presidents We faced many challenges that seemed insurmountable in 2017. Published:1/20/2021 11:30:11 AM
[Quick Takes] Former Boston U. Prof Charged for Allegedly Acting as Secret Agent of Iranian Government

"For over a decade, Kaveh Afrasiabi pitched himself to Congress, journalists, and the American public as a neutral and objective expert on Iran"

The post Former Boston U. Prof Charged for Allegedly Acting as Secret Agent of Iranian Government first appeared on Le·gal In·sur·rec·tion.
Published:1/20/2021 11:30:11 AM
[International] A Closer Look at Somalia’s Uninspiring Electoral Process

“I wouldn’t call this an election… this is a selection.”   So said Halima Ibrahim, head of Somalia’s National Independent Elections Commission, about the electoral process in Somalia... Read More

The post A Closer Look at Somalia’s Uninspiring Electoral Process appeared first on The Daily Signal.

Published:1/20/2021 11:30:11 AM
[World] [Josh Blackman] Is the President an "officer of the United States" for purposes of Section 3 of the Fourteenth Amendment? [This post is co-authored with Seth Barrett Tillman.] The structure of Section 3 of the Fourteenth Amendment is a bit complicated. Section 3 provides: No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any… Published:1/20/2021 11:30:11 AM
[Europe] EU chief warns over ‘unfiltered’ hate speech and calls for Biden to back rules for big tech In a speech to the European Parliament today marking the inauguration of US president Joe Biden, the president of the European Commission has called for Europe and the US to join forces on regulating tech giants, warning of the risks of “unfiltered” hate speech and disinformation being weaponized to attack and undermine democracies. Ursula von […] Published:1/20/2021 11:30:11 AM
[862d9571-2f55-555b-83c1-cdd3058f15a0] Ken Jennings trolled by 'Jeopardy!' contestant, fans react Jennings' winnings total ended up being over $3.3 million when he was a contestant. Published:1/20/2021 11:30:11 AM
[Markets] The @POTUS account on Twitter has been transferred to President Biden The @POTUS account on Twitter has been transferred to President Biden Published:1/20/2021 11:30:10 AM
[Markets] US STOCKS-S&P 500, Nasdaq scale record highs as Netflix soars; Biden takes office The S&P 500 and the Nasdaq hit all-time highs on Wednesday as Joe Biden became the 46th U.S. president, while solid results from Netflix sparked a rally in shares of stay-at-home winners. "People are back to looking at technology as a part of the market that can do well whether COVID stays a problem or is eventually pushed to the side," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. Biden will waste little time turning the page on the Trump era, aides said, signing a raft of 15 executive actions in the afternoon on issues ranging from the COVID-19 pandemic to the economy to climate change. Published:1/20/2021 11:30:10 AM
[Politics] This is what Trump hatred will do to you… I know there are many examples I could post like this today, but this one here takes the cake: I lost everything. Doing what I did, coming from where I came from, . . . Published:1/20/2021 11:30:10 AM
[Politics] This is what Trump hatred will do to you… I know there are many examples I could post like this today, but this one here takes the cake: I lost everything. Doing what I did, coming from where I came from, . . . Published:1/20/2021 11:30:10 AM
[Markets] 90% Of Illinois' COVID Victims Were Over 60, Half From Long-Term Care Facilities 90% Of Illinois' COVID Victims Were Over 60, Half From Long-Term Care Facilities

Authored by Ted Dabrowski via Wirepoints.org,

Want to save more Illinoisans from COVID? Vaccinate the elderly first.

For months, Gov. J.B. Pritzker has used lockdowns as his main way to handle the COVID pandemic, ignoring calls for him to focus on the elderly instead. The governor’s approach has been a major policy failure, resulting in far too much tragedy. Nearly 90 percent of the state’s 18,000 COVID victims were over the age of 60, with nearly 50 percent of all COVID deaths tied to long-term care facilities. 

Now that vaccines are finally available, Pritzker is repeating the same mistake again. Rather than make the elderly and the frontline staff that take care of them his number one priority for vaccinations, the governor is including a host of “essential workers” – and prisoners, even – at the same level of priority. He’s calling it an “equity-centric vaccination approach.”

It’s a huge mistake to give all those groups equal priority. Unless they happen to be elderly, every vaccine given to the 1.3 million “essential” workers will be one that can’t be given to one of the 1.9 million Illinoisans over age 65 – the group by far most at risk from dying.

Pritzker’s inoculation approach is similar to those used in other states, where other factors like occupation only add more bureaucratic rules that slow the vaccination process down. In New York, that’s led to doses going to waste or sitting idly on shelves. Overall delays have been so significant across the nation that the Wall Street Journal reported last week “only 9.3 million of the 27.7 million vaccine doses that have been shipped to states have been administered.”

The vaccination process shouldn’t be that complicated. Illinois state officials have known for months who should be first in line: the elderly. The simplest and most effective way to save lives is to administer the vaccine based on age: the older or more infirm the person, the more priority they should receive. After all, the state’s case fatality rate for Illinoisans in their 70s is 65 times higher than for those in their 30s (7.47% vs 0.115%).

For sure, if a teacher, a cashier or a prisoner is elderly, give them the vaccine. Or if they have a serious pre-existing condition – diabetes or obesity, for example – vaccinate them. But overall, Illinoisans in nursing homes, their caregivers and other key frontline workers, people with severe pre-existing conditions, and all residents over 65 should all take first priority in getting vaccinated. 

(To get the full story on Illinois’ vaccine rollout, read The Pantagraph’s “Can Illinois pick up the pace of vaccinations as it moves to the next phase?”)

Illinois’ flawed rollout

Illinois is still in Phase 1A, the initial vaccination rollout that includes inoculating frontline healthcare workers as well as residents of long-term care facilities. As of Jan. 14, the state ranked 19th in the country for percentage of doses administered. Overall, the state has administered 403,000 of the 958,000 doses (42 percent) already distributed to Illinois. And just over 105,500 Illinoisans, or 0.83 percent of all Illinosans, have been fully vaccinated as of Jan. 17.

Phase 1B, which Pritzker has said Illinois will move to on January 25th, will finally authorize all seniors 65 and above, about 1.9 million people, to get the vaccine. The phase also prioritizes “essential workers,” about 1.3 million people, and now prisoners, to receive the vaccine as well. 

Trying to distribute a limited number of vaccines among those millions of people will likely hurt Pritzker’s goals for equity. Vaccinating all teachers, for example, would actually hurt the governor’s goal because 82 percent of educators in Illinois are white – plus it would deprive the elderly of desperately needed vaccines.

In contrast, both elderly Hispanic and black Illinoisans suffer from far higher case fatality rates than white residents. Protect the elderly first and you necessarily protect minorities first, too. Nearly 80 percent of all minority COVID deaths have occurred in the 60-and-over age bracket. 

Of course, setting up vaccination centers as close as possible to the most impacted minority communities in Illinois is critical to making vaccination there a success.

No plan

The state’s failure to prioritize vaccinations for the elderly can be represented by a simple anecdote of mine: My mother, an 81 year-old cancer survivor, continues to be frustrated by the vaccination process. She, like every other Illinoisan in her age range, should already be targeted for vaccination. But it’s been impossible for her to find out any information about when or where a vaccine will be available for her.

She called her doctor’s office and was told they had no information or timelines for when she could get vaccinated. She also called her hospital network and got the same answer: no info. I received the same response today when I called the hospital myself. My mother would have to wait anyway, I was told, because the hospital group hadn’t yet finished vaccinating its own staff yet.

I hear similar stories from friends whose parents are in nursing homes. They are still waiting.

You’d think by now the state’s health officials would be loath to fail Illinois’ elderly again, but that seems to be exactly what they’re doing.

Tyler Durden Wed, 01/20/2021 - 12:26
Published:1/20/2021 11:30:10 AM
[] Hmmm: New Facebook competitor adds 2.5 million subscribers -- in a single week Published:1/20/2021 11:00:25 AM
[Politics] Trump pardons Lil Wayne and commutes Kodak Black, but snubs Joe Exotic

In his final hours as president, Trump pardoned Lil Wayne and commuted the sentence of Kodak Black. No such luck for "Tiger King" star Joe Exotic.

Published:1/20/2021 11:00:24 AM
[Column] Joe Biden’s new gig Investors and businesses should not overlook how quickly President Biden will move on policy – especially as it relates to the future of work and getting the U.S. economy back on track. Published:1/20/2021 11:00:24 AM
[Entertainment] U.S. Capitol Riot Hero Eugene Goodman Escorts Kamala Harris at 2021 Presidential Inauguration Eugene Goodman, 2021 Presidential InaugurationTalk about a well-deserved promotion. Eugene Goodman, a Capitol police officer, escorted the nation's very first female vice president (and first VP of color) Kamala Harris at the...
Published:1/20/2021 11:00:24 AM
[8a573991-1511-5a89-97dc-bd5eab78f83c] Anne Graham Lotz: As Biden is sworn in as our 46th president, a prayer for our nation With COVID keeping us confined and separated from each other, I know I need to pray, but how? Published:1/20/2021 11:00:24 AM
[Media] Media Can’t Get Enough of Biden’s ‘Empathy’

After President-elect Joe Biden's farewell speech in Delaware on Tuesday, the media couldn't resist informing viewers of Biden's empathy.

The post Media Can’t Get Enough of Biden’s ‘Empathy’ appeared first on Washington Free Beacon.

Published:1/20/2021 11:00:24 AM
[Markets] Strategists see more stock market gains through the end of the year The first month of the new year has not even ended yet, and Wall Street firms are already getting more bullish on stocks for 2021. Published:1/20/2021 11:00:24 AM
[Markets] The Fed's Inconvenient Truth: Inflation Is "M.I.A." The Fed's Inconvenient Truth: Inflation Is "M.I.A."

Authored by Mark Lebowitz via RealInvestmentAdvice.com,

The amount of money in the US economy is 25% higher than it was at the start of 2020, eclipsing any pace of money growth seen since the Federal Reserve was established (1913)

- RB Advisors Deputy CIO Dan Suzuki.

In recent weeks we have seen a non-stop flow of ominous statements like the one above.

The author is 100% factual and it should be a cause for deep concern. Historically, such surges in the money supply were often met with significant inflation.

While the sharp increase in the money supply provides context to the depth of our economic problems, our inflation warning bells are not ringing, at least not yet. Here is why.

What is Inflation?

Inflation, or aggregate price increases, results from economic activity, along with the amount of money and its velocity.

A famous economic formula called the Monetary Exchange Equation uses those factors to create a mathematical identity that precisely determines the inflation rate.

We co-authored an article with Brett Freeze entitled Stoking The Embers of Inflation. The article went into great detail about the monetary exchange equation.  We summarize a few key points here:

Per the inflation identity, the rate of inflation or deflation (%P) is equal to the rate of money growth (%M), plus the change in velocity (%V), less the rate of output growth (%Q). 

%M – As noted earlier, the change in the monetary base is a direct function of the Fed’s monetary policy actions. To increase or decrease the monetary base, the Fed buys and sells securities, typically U.S. Treasuries and more recently Mortgage-Backed Securities (MBS).

%V – Velocity is nominal GDP divided by the monetary base (Q/M). Velocity measures people’s willingness to hold cash or how often cash turns over. Lower velocity means that people are hoarding cash, which usually happens during periods of economic weakness, credit stress, and fear for banking institutions’ going-concern.

So if we exclude GDP, inflation is dependent on money supply and velocity changes. Money supply data is published weekly and easily forecastable with the Fed’s QE schedule. Velocity, on the other hand, is posted once a quarter and much more challenging to forecast. As such, let’s dive into velocity.

Understanding Monetary Velocity

Velocity is a measure of how fast cash circulates in an economy.

We consider two extreme examples of money printing and monetary velocity to appreciate the interaction of money supply and velocity.

  1. The Fed prints $10 trillion and buries it in a hole.

  2. The Fed prints $10 trillion, sends each American a $30,000 check, and tells them they have five days to spend it or lose it.

The two examples have polar opposite effects on prices, despite the same massive increase in the money supply.

In example 1, the Fed does not affect inflation. The $10 trillion is not fungible as long as it stays buried.

In example 2, hyperinflation would result as the new money rapidly circulates through the economy and dwarfs the economic system’s production capacity. Essentially, the demand for goods and services outstrips the supply.

The amount of money greatly matters, but equally important is how it moves through the economy. The graph below compares the money supply chart above with the velocity of money and inflation.

When you view money supply and velocity together, one notices they tend to offset each other. However, we highlight the late 1970s, the last highly inflationary period, to show a period they did not counteract each other.

Velocity Trends

Currently, monetary velocity is plummeting. Despite the surge in money supply, the money is not circulating as fast, as a percentage of the economy, as it was before COVID. To help us understand why we first focus on the consumer. Consider the recent trends in revolving credit debt outstanding and savings rates shown below.

The next chart shows the sharp rise in the Fed’s balance sheet and the commensurate increase in the Federal deficit.

The deficit data (red) is not current on the graph, but if it were, you would see that the Fed’s balance has risen perfectly in line with the deficit. Said differently, the surge in the money supply is indirectly funding the government.

If the government spent all the money it borrowed and the recipients of the money spent it, velocity and GDP growth would be much higher. As a result, prices would likely be higher.

The problem is not only frugal consumers but, believe it or not, the U.S. Treasury. The graph below shows Treasury’s cash balance, held at the Fed, is over $1.5 trillion more than average. The treasury essentially funded over $1 trillion, backed by a higher money supply, which it has yet to spend.

Remember our non-inflationary example where the Fed prints money and buries it in a hole?  About a third of the $3 trillion the Fed added to the money supply is in a hole. Like consumer savings and debt repayments, the Treasury’s activities are weighing on velocity.

An Inconvenient Truth For The Fed

Per the inflation identity, the rate of inflation or deflation (%P) is equal to the rate of money growth (%M), plus the change in velocity (%V), less the rate of output growth (%Q).

Velocity, therefore, equals GDP divided by the money supply.

The rate of velocity at the end of the third quarter of 2020 is 3.92. Assuming a 5% GDP growth in the fourth quarter, we should see velocity fall to 3.28. Note, we know the money supply rose by $1.1 trillion in the fourth quarter. The annual percentage changes in M1 and velocity will approximate a 65% advance and decline, respectively.

Herein lies an inconvenient truth for the Fed. They are boosting the money supply, and it’s having an equally negative effect on velocity. As such, it’s hard to forecast much inflation given current Fed policies.

To quote John Hussman- “Once short-term interest rates drop to zero, further expansions in monetary base simply induce a proportional collapse in velocity.”

Monetary Equation versus Reality

We think it’s helpful to briefly segue and show how well the monetary equation holds up in the real world. The graph below is from our article mentioned above. As shown below, solving for inflation using the equation ties out nearly perfectly with the GDP price deflator and is well correlated to CPI.

CPI is a flawed construct as it is impossible to get accurate prices on all transactions. Further its equally impossible to properly weight them based on consumption trends. As such, CPI rises and falls more than the deflator or the output of the equation. Since 1948 CPI has averaged .4% higher than the deflator/equation with a correlation of 95%.

Summary

The Fed pushed the money supply higher by nearly $3 trillion or 70% throughout 2020. At the same time, GDP is $600 billion less than it was at the beginning of 2020. As a result, velocity has sharply declined.

GDP is recovering nicely but remains below levels of a year ago. The Fed expects to push the money supply higher at a 15% rate this year. All else equal, velocity will likely further decline and offset the money supply growth.

While we are not concerned about inflation today, we offer caution for tomorrow. The Fed and Treasury are playing a dangerous game. The numbers we discuss above are massive and dwarf anything seen in American history. If consumers start spending their savings, and the government keeps borrowing and spending unprecedented amounts, velocity can pick up rapidly. We leave you with a vital question to better understand the prospects for inflation.

Will the Fed have the wherewithal to reduce money supply growth if velocity increases?

Tyler Durden Wed, 01/20/2021 - 11:45
Published:1/20/2021 11:00:24 AM
[In The News] Here Are The Biggest Media Mistakes During The Trump Years

By Mary Margaret Olohan -

Media Bias - NY Times - NBC News - CNN - Washington Post - Huffington Post

Media outlets and news personalities have made a number of major mistakes throughout the time that President Donald Trump has served in the White House. Publications such as the New York Times, CNN, and Politico inaccurately portrayed conversations, the state of the president’s finances, his dealings with Russia (or lack thereof), and a variety of …

Here Are The Biggest Media Mistakes During The Trump Years is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 11:00:24 AM
[Free Speech] [Eugene Volokh] "On That Premise This Land Was Created, and on That Premise It Has Grown to Greatness." "The greater the importance of safeguarding the community from incitements to the overthrow of our institutions by force ..., the more imperative is the need to preserve inviolate the constitutional rights of free speech ... to maintain the opportunity for free political discussion, to the end that government may be responsive to the will of the people and that changes, if desired, may be obtained by peaceful means." Published:1/20/2021 11:00:24 AM
[Middle Column] How Biden’s Return To The Paris Climate Accord Benefits Beijing

Prof. Larry Bell: This would occur as China and India which have represented 80% of the emission increases and are not bound to the pact, are dramatically ramping up coal and oil development. Although Beijing agreed to peak its emissions by 2030, they have a pass to do nothing to stem growth of CO2 emission growth during the 15 years leading up to that deadline. Meanwhile, China’s coal consumption has continued to increase in line with a rise in overall energy demand following a 2014-2016 "permitting surge" by local governments aiming to boost growth. When President Xi Jinping announced in September of 2019 that China would be carbon-neutral, he generously gave coal a four-decade-long "transition period."

Published:1/20/2021 11:00:24 AM
[Markets] Joe Biden becomes the 46th president of the United States Joe Biden becomes the 46th president of the United States Published:1/20/2021 11:00:24 AM
[Markets] Market Extra: Stock-market performance under Trump trails only Obama and Clinton When measured by the benchmark S&P 500's annualized returns, the stock market's performance under Donald Trump is the third best out of the 15 presidents that have served since 1929.
Published:1/20/2021 11:00:24 AM
[] Fake President Biden Sworn In By Corrupt Justice RobertsTrump: "We Will Be Back, in Some Form" Biden being sworn in right now. Earlier, Trump gave a speech from Andrews Air Force base as he left DC. Full speech here. Meanwhile, the leftwing media (in which category I include the NeverTrump Establishment GOP corporate media, which has... Published:1/20/2021 11:00:24 AM
[Politics] Fauci: Serving in Trump Admin Was 'Somewhat Awkward' Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, said in a recent interview that working in President Donald Trump's administration was "somewhat awkward." Fauci told... Published:1/20/2021 10:29:20 AM
[Markets] Coronavirus Update: Biden to overhaul pandemic response as death toll nears 402K Coronavirus Update: Biden to overhaul pandemic response as death toll nears 402K Published:1/20/2021 10:29:19 AM
[2020 Election News] Watch Live: The Inauguration of the 46th President of the United States

By R. Mitchell -

The President-Elect and The Vice President-Elect are Sworn In as the 46th President of the United States and 49th Vice President of the United States, and The President-Elect Delivers an Inaugural Address. The swearing-in is scheduled to start at 12:00 p.m. EST. Content created by Conservative Daily News and some content syndicated through CDN is available …

Watch Live: The Inauguration of the 46th President of the United States is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:1/20/2021 10:29:19 AM
[294ce20b-3725-534b-951b-27e82f856036] Celebrities at Biden's inauguration: Full list of performers and guests Lady Gaga, Jennifer Lopez, Garth Brooks and more celebrities are scheduled to perform at Joe Biden and Kamala Harris' inauguration ceremony as well as related events that will follow. Published:1/20/2021 10:29:19 AM
[Markets] China Locks Down Another 1.7MM As Mutant COVID Invades Beijing; Dutch Plan First Curfew Since WW2: Live Updates China Locks Down Another 1.7MM As Mutant COVID Invades Beijing; Dutch Plan First Curfew Since WW2: Live Updates

Summary:

  • China locks down parts 1.7MM in Beijing as mutant strain discovered
  • US cases, deaths continue to slow from holiday peaks
  • Dutch gov't proposes first national lockdown since WW2
  • Japan reports 5,532 new COVID-19 cases
  • Turkey administers 1MM doses
  • Israel's vaccination effort is currently the most advanced in the world in terms

* * *

While Joe Biden is inaugurated, the US is reeling from passing the 400K mark in COVID deaths, which it did officially Tuesday afternoon, according to Johns Hopkins' count, as we reported yesterday.

But in China, CCP authorities are racing to stop a resurgence of the virus in the area surrounding the Chinese capital before it takes hold i Beijing, as an outbreak in Hebei Province, which surrounds Beijing in China's northeast., has continued to intensify.

After locking down some 30MM people already in recent weeks in Hebei, mostly in the capital city of Shijiazhuang, authorities are again ordering lockdowns within Beijing itself, as they did late last year, and over the summer and spring as well.

Bloomberg reports that 1.7MM people in part of the Chinese capital are now on lockdown amid reports that the mutated virus strain first identified in the UK may have finally arrived there. 2 of the most recent batch of COVID cases reported in Beijing’s Daxing district on Jan. 17 are believed to be due to the COVID "variant" first identified in the UK, according to Pang Xinghuo, deputy director of the Beijing Center for Disease Control and Prevention.

Even though CCP officials insist that the cases aren't locally linked (citing food packaging, a favorite Beijing boogeyman, as an excuse), they are locking down Daxing district in southern Beijing, where the new airport is located, has been sealed off from the rest of the country after six infections were found there. The total number of cases in Beijing now stands at 15, while over a thousand infections have been found nationwide since early January, mostly in China’s vast rural northern provinces.

As lockdowns continue to intensify in Europe, The Dutch government on Wednesday proposed the first nationwide curfew since World War Two and a ban on flights from South Africa and Britain, part of what Reuters described as "its toughest moves yet" to combat the virus. However, Dutch PM Mark Rutte said the curfew must be approved by parliament, which is set to debate the new measures on Thursday.

In the US, COVID cases and deaths continued to decline on Tuesday, with hospitalizations taking a slight dip.

The number of total hospitalizations in January has fallen on more days than it has risen.

Here's some more COVID news from Wednesday morning and overnight:

  • Japan reports 5,532 new COVID-19 cases as of 8 p.m., a slight increase from the previous day's tally (Source: Nikkei).
  • India begins export of COVID-19 vaccines to "neighboring and key partner countries" by dispatching the first consignments to Bhutan and the Maldives.
  • Turkey's online vaccination tracker shows the country has surpassed 1MM doses of China's Sinovac vaccine, putting it among the world's fastest inoculation programs.
  • Encouraging new lab results show the Pfizer vaccine likely works on the more infectious coronavirus variant first found in the U.K., Reuters reports, backing up promising findings from last week (Source: Nikkei).
  • India begins export of COVID-19 vaccines to "neighboring and key partner countries" by dispatching the first consignments to Bhutan and the Maldives (Source: Nikkei).

* * *

Israel's vaccination effort is currently the most advanced in the world in terms of percentage vaccinated (more than 30%), followed by the UK, which is the leader in the West. And as one might expect, Israel is already finding that the Pfizer vaccine doses aren't nearly as effective as the 90%+ efficacy numbers reported in the trial data.

Tyler Durden Wed, 01/20/2021 - 11:23
Published:1/20/2021 10:29:19 AM
[topics:people/bill-clinton] The presidents of the United States who came before Donald Trump and Joe Biden Published:1/20/2021 10:29:19 AM
[Markets] Key Words: Billionaire investor: Enjoy the bull market while it lasts Leon Cooperman says the stock market will likely struggle to deliver the goods for investors who are banking on the continuation of the bull run.
Published:1/20/2021 10:29:19 AM
[] The Morning Rant THE NEW RULES OK, listen up, all you morons! We got a bunch of new rules that have just been handed down and I've been told they go into effect today. Like, right now. Sorry for the lack of prior... Published:1/20/2021 10:29:19 AM
[Fundings & Exits] Fintech startups and unicorns had a stellar Q4 2020 This morning, as America itself resets, let's take a moment to understand last year just a little bit better as we get into this new one. Published:1/20/2021 10:05:33 AM
[10a9f88a-18e8-57d6-b405-484c7ad95a74] Kirstie Alley slams Katie Couric over comments about needing to 'deprogram' Donald Trump's supporters Kirstie Alley fired back at Katie Couric over comments she made on Bill Maher’s show about the need to “deprogram” Donald Trump's supporters.  Published:1/20/2021 10:05:33 AM
[Entertainment] See President Joe Biden and Vice President Kamala Harris' 2021 Inauguration Day in Pictures Joe Biden, Dr. Jill Biden, 2021 Presidential InaugurationIt's time for the White House to welcome a few new houseguests. On Wednesday, Jan. 19, all eyes were on Washington, D.C. as the 2021 Presidential Inauguration marked the commencement...
Published:1/20/2021 10:05:33 AM
[Politics] Trump, breaking a final norm, skips Biden's swearing-in and decamps to Florida

Donald Trump, breaking a 152-year tradition by skipping his successor's swearing-in, made his final flight as president to Florida.

Published:1/20/2021 10:05:33 AM
[Markets] How white-collar crimes figured into the pardons issued by Donald Trump: FN How white-collar crimes figured into the pardons issued by Donald Trump: FN Published:1/20/2021 10:05:33 AM
[Markets] Watch Live: Joe Biden Inaugurated As The 46th President Of The United States Watch Live: Joe Biden Inaugurated As The 46th President Of The United States

Pomp, circumstance, (some) former presidents, and Hollywood celebs will all be primed and ready to celebrate in front of no crowds (because 'security' and social-distancing) as Joe Biden will be sworn in as the 46th president of the United States under the theme "America United".

As was the case with previous inaugurations, most of Congress and the Supreme Court are expected to be in attendance, as are some former presidents. Barack Obama, George W. Bush and Bill Clinton are all set to attend, as are former first ladies Michelle Obama, Laura Bush and Hillary Clinton. Jimmy Carter, the country's oldest living former president, at 96, and former first lady Rosalynn Carter will not be there, but they sent their "best wishes." The inauguration is the first they have missed since Carter was sworn in in 1977.

Also absent will be Trump, making him the first president to skip his successor's inauguration since Andrew Johnson in 1869. He flew to Florida on Air Force One for the last time on Wednesday morning. Vice President Mike Pence will attend the inauguration.

A new day indeed...

Watch Live (events are due to start at 11amET):

*  *  *

Here's what to expect: (via NBC News):

The proceedings will begin with an invocation by the Rev. Leo J. O'Donovan, a Jesuit priest who is the former president of Georgetown University and a close friend of the Biden family. Andrea Hall, the first African American female firefighter to become captain of the Fire Rescue Department in South Fulton, Georgia, will recite the Pledge of Allegiance.

Lady Gaga - who teamed with Biden on domestic violence issues when he was vice president and campaigned for him in the 2020 election — will sing the national anthem.

Amanda Gorman, who became the country's first Youth Poet Laureate in 2017, will read a poem she has written for the occasion called "The Hill We Climb." Like Biden, Gorman had a speech impediment that she has worked hard to overcome. She has also announced plans to run for president herself in 2036 — the first election she'll be old enough to do so.

Gorman will be followed by a performance by Jennifer Lopez, like Gaga a former Super Bowl performer. Brooks, who played Obama's inauguration in 2009, will also perform.

A longtime friend of the Biden family, the Rev. Silvester Beaman, pastor of Bethel African Methodist Episcopal Church in Wilmington, Delaware, will deliver a benediction.

As is tradition, the Supreme Court's chief justice, John Roberts, will administer the oath of office to Biden just after the clock strikes 12. Biden will take the oath with his hand on top of his 127-year-old, 5-inch-thick family Bible, which will be held by his wife, Jill Biden.

In an address after he’s sworn in, Biden will call on Americans to bring the country together during an unprecedented crisis, according to advisers to the president-elect who asked not to be identified ahead of the speech. He’ll ask every citizen to meet what the advisers called an extraordinary challenge facing the nation, in a speech they said would be built around the theme of unity. The address will be 20 to 30 minutes long, according to a person familiar with the matter who also asked not to be identified.

What will be most evident, aside from the lack of crowds, will be the plethora of security. Historically, inaugurations have always seen heavy security but Washington has never experienced an operation on this scale before. Around 8,000 Guard members were deployed for Trump's inauguration ceremony in 2016 in addition to the regular Secret Service and law enforcement presence. Biden's inauguration, on the other hand, has a stunning 25,000-plus National Guard members - that's five times the troop levels in Iraq and Afghanistan combined where approximately 2,500 service members are still serving, according to a recent Department of Defense announcement. 900 U.S. troops are aso reportedly still on the ground in Syria.

Infographic: D.C. Troop Levels Five Times As High As Iraq & Afghanistan | Statista

You will find more infographics at Statista

As shocking as these security arrangements are, however, they do graphically illustrate the scale of division in the U.S. today as the country prepares for the first term of President Biden.

“It has been the most tense, contentious transition since the post-Civil War era,” said Brandon Rottinghaus, a politics professor at the University of Houston.

“The expectation of the political system is that there be a smooth transition and minimal friction. We’ve obviously seen that shattered.”

But, as Biden said above "it's a new day" right?

Tyler Durden Wed, 01/20/2021 - 10:50
Published:1/20/2021 10:05:33 AM
[NEWS & ANALYSIS] Trump’s Final Approval Rating Isn’t That Bad: 51%

Despite four years of relentless attacks by the left-wing media and Washington democrats, President Trump is leaving the Whtie House with a higher approval rating than his GOP predecessor.  And better yet, with the republican party in a promising position for future elections.  A Quinnepiac poll finds that President Donald Trump’s approval rating stands at […]

The post Trump’s Final Approval Rating Isn’t That Bad: 51% appeared first on Human Events.

Published:1/20/2021 10:05:33 AM
[Markets] : Lidl offers $200 extra pay to U.S. employees who get COVID-19 vaccine, joining Aldi and others German supermarket chain Lidl will give U.S. employees $200 in extra pay if they get a COVID-19 vaccine, the company said on Wednesday, becoming the latest employer to offer such incentives.
Published:1/20/2021 10:05:33 AM
[Politics] CNN mean girl Wolf Blitzer mocks Trump departure in classless move CNN’s hate-on for President Trump was still heard today as Wolf Blitzer mocked him on his way out of the White House: CNN’s @wolfblitzer: "It’s going to be a little, pathetic, tiny . . . Published:1/20/2021 10:05:33 AM
[Politics] CNN mean girl Wolf Blitzer mocks Trump departure in classless move CNN’s hate-on for President Trump was still heard today as Wolf Blitzer mocked him on his way out of the White House: CNN’s @wolfblitzer: "It’s going to be a little, pathetic, tiny . . . Published:1/20/2021 10:05:33 AM
[Markets] Nasdaq Reclaims Its Uptrend Most of the index charts remain in uptrends but market psychology and valuation continue to press their cautionary signals suggesting an excess of bullish sentiment while valuation remains extended. Let's take a deep dive now into the latest charts and data for the stock market. The only chart event of note was the Nasdaq Composite (see above) closing back above its near-term uptrend line that shifts said trend back to positive from neutral. Published:1/20/2021 10:05:33 AM
[Entertainment] Gustave Caillebotte brought Paris to life in this 19th-century masterpiece While still in his 20s, the artist captured the city in ways that no photograph could. Published:1/20/2021 10:05:33 AM
[Uncategorized] Trump Bids Farewell: ‘We Will be Back in Some Form’

"I hope they don't raise your taxes but if they do, I told you so."

The post Trump Bids Farewell: ‘We Will be Back in Some Form’ first appeared on Le·gal In·sur·rec·tion.
Published:1/20/2021 10:05:33 AM
[Donald Trump] The Democrats’ Latest Round of Hysteria Has Flopped (John Hinderaker) The Democrats believe they are riding high, capitalizing on the weird events of January 6 and following up with their second (utterly pointless) impeachment of President Trump. But I doubt whether the public has been much impressed. The most recent Rasmussen Survey, the last of the Trump administration, supports that view: In President Trump’s final Presidential Tracking Poll, 51% of Likely U.S. Voters approved of his job performance. Forty-eight percent Published:1/20/2021 10:05:33 AM
[] NYT's Mara Gay explains that racism and white supremacy gave Trump 'free rein to terrorize the American people for four years' [video] Published:1/20/2021 9:27:52 AM
[Politics] Photos: Historic Inauguration Day | Trump leaves office, Biden set to take oath

During today's inauguration ceremony, Joe Biden will become the 46th president of the United States.

Published:1/20/2021 9:27:52 AM
[Entertainment] Here's What Olivia Rodrigo Thinks About Those "drivers license" Rumors Olivia Rodrigo, Joshua Basset, Disney+'s High School Musical PremiereOlivia Rodrigo doesn't want you to fret over what--or who--her hit song is about. At 17, the High School Musical: The Musical: The Series star has captivated fans around the world...
Published:1/20/2021 9:27:52 AM
[Markets] Joe Biden's inauguration as U.S.'s 46th president: live updates Joe Biden's inauguration as U.S.'s 46th president: live updates Published:1/20/2021 9:27:52 AM
[5abf3970-6f6d-5f05-a378-a6614d0f4652] Jonathan Turley: Trump's final list of pardons -- the good, the bad and the ugly I have admittedly been a critic of President Trump’s record of pardons from his first foray into presidential clemency. Published:1/20/2021 9:27:52 AM
[Markets] Wall Street pro warns stocks could plunge before rallying into the end of the year Stocks will likely keep rising in 2021, though the rally may come with some hitches, according to RBC Capital Markets. Published:1/20/2021 9:27:52 AM
[Markets] Supreme Court Evacuated Due To Bomb Threat During Biden Inauguration Supreme Court Evacuated Due To Bomb Threat During Biden Inauguration

As Joe Biden's inauguration - which involves almost no actual people, but many, many flags - continues Wednesday morning, the Supreme Court has been evacuated due to a potential bomb threat, as the rest of the Washington DC area remains on lockdown.

An NBC News reporter broke the story.

Then at around 1020ET, a reporter from CNN "confirmed" the evacuation.

We're waiting on more details to come.

Right off the bat, the question seems to be...how the heck did a potential bomb get planted amid 25,000 National Guardsmen and the nation's most secure inauguration in DC ever?

Tyler Durden Wed, 01/20/2021 - 10:19
Published:1/20/2021 9:27:52 AM
[Law] Trump Delivers Long-Awaited Triumph for Criminal Justice Reform in Last-Minute Executive Order

The last few days of an administration often see a flurry of executive orders. The Trump administration is no exception, and former President Donald Trump is making the most of... Read More

The post Trump Delivers Long-Awaited Triumph for Criminal Justice Reform in Last-Minute Executive Order appeared first on The Daily Signal.

Published:1/20/2021 9:27:52 AM
[] Philly "empty the jails" beneficiary accused in double murder Published:1/20/2021 9:06:49 AM
[NFLX] Wall Street Breakfast: Sizing Up Stocks On Inauguration Day Published:1/20/2021 9:06:48 AM
[World] Face It: The Open Borders Crowd Won Published:1/20/2021 9:06:48 AM
[Science] MIT develops method for lab-grown plants that eventually lead to alternatives to forestry and farming Researchers at MIT have developed a new method for growing plant tissues in a lab – sort of like how companies and researchers are approaching lab-grown meat. The process would be able to produce wood and fibre in a lab environment, and researchers have already demonstrated how it works in concept by growing simple structures […] Published:1/20/2021 9:06:48 AM
[Markets] 25 Top Accomplishments Of President Donald J. Trump 25 Top Accomplishments Of President Donald J. Trump

Authored by Sharyl Attkisson via SharylAttkisson.com,

Daily - if not hourly - for four years, the media, analysts, political figures, operatives, and ordinary folk spoke out against President Trump and what they believe President Trump has done wrong. In the eyes of many, it is quite literally: everything.

As Trump finishes his term in office, it's easy to find negative, harsh assessments of virtually every facet of his policies and actions. The Atlantic, CNN and PBS are among those who have declared Trump to be the “worst president in history.” This side of the story has been well covered.

There are also lists of "how Trump could be prosecuted," and nearly every media outlet has its own list of "Trump lies." Click the links within this graph to read more about all of that.

As we know, roughly half of the country feels differently, but their voices are not as well-represented on the news and the Internet. Most media outlets cannot seem to bear to publish anything that is not one-sided and negative about Trump and his term. This begs for a bit of balance, even if it's dwarfed by the counter-narrative.

Built after consulting a variety of experts on the economy, national security, foreign policy and domestic issues, here is a short list that reflects “the other side” of the Trump presidency; one that is not so easy to find within today’s managed information landscape. 

25 Top accomplishments of President Donald J. Trump

1. Executive order enacted Jan. 1, 2021 requiring hospitals to provide medical prices to patients upfront so they can shop around.

2. Reversing the ascent of the Islamic extremist terrorist group ISIS.

3. “Most Favored Nation” executive order so that the U.S. (through Medicare) would pay no more for a drug than what’s offered to foreign countries, saving the U.S. an estimated “$85 billion in savings over seven years and $30 billion in out-of-pocket costs.”

4. Moving the U.S. embassy in Israel to the capital of Jerusalem.

5. Building more than 450 miles of new and replacement border wall.

6. Leading U.S. to a level of energy independence (exporting more oil than importing for the first time in 70 years), allowing international policy decisions to be made with less regard to how an oil nation we once relied on would respond.

7. No new wars.

8. Drastic reduction in regulations, opening the door for entrepreneurs and businesses to succeed, expand, and hire more people. According to the Trump administration, they promised to eliminate two regulations for every new one, but actually wound up eliminating 8 old regulations for every 1 new regulation adopted, equating into an extra $3,100 a year for the average American household.

9. Expanding Republican reach among African Americans and other constituents who traditionally lean Democrat.  

10. Cutting taxes in an initiative that benefitted every tax bracket.

11. Doubled the child tax credit.

12. Operation Warp Speed: accelerated development of coronavirus vaccines.

13. Eliminated the Obamacare penalty.

14. A series of trade agreements and changes seen as beneficial to Americans, including replacing NAFTA with USMCA.

15. Instead of 2-for-1, we eliminated 8 old regulations for every 1 new regulation adopted.

16. Provided the average American household an extra $3,100 every year.

17. Started the Space Force.

18. Instituted “Right to Try,” allowing terminally ill patients to use potentially lifesaving, unproven treatments.

19. Prioritized and made permanent funding for historically black colleges.

20. Brokered peace deals or normalization agreements between Israel and five Muslim and Arab-Muslim countries.

21. Banned the teaching of “Critical Race Theory” in the federal government.

22. Withdrew from Iran nuclear deal.

23. Withdrew from the Paris Climate Accord.

24. Instituted a Buy American policy within federal agencies.

25. Achieved a $400 billion increase in contributions by NATO allies by 2024 with the number of members meeting their minimum obligations doubling.

Click here to see the White House list of Trump accomplishments

Tyler Durden Wed, 01/20/2021 - 09:54
Published:1/20/2021 9:06:48 AM
[topics:people/joe-biden] Meet Kamala Harris: America's new vice president Published:1/20/2021 9:06:48 AM
[Markets] Economic Report: Home builder confidence falls amid rising COVID-19 cases, higher prices for materials A number of factors are making it harder to build homes right now, which is bad news for buyers.
Published:1/20/2021 9:06:48 AM
[Quick Takes] U. Wisconsin-River Falls Says Correct Gender Pronouns More Important Than Grammar

"It is a privilege to be cisgender and not have to worry about which pronoun someone is going to use for your based on how they perceive your gender."

The post U. Wisconsin-River Falls Says Correct Gender Pronouns More Important Than Grammar first appeared on Le·gal In·sur·rec·tion.
Published:1/20/2021 9:06:48 AM
[Markets] U.S. stocks open higher on Inauguration Day; Netflix shares jump 14% at open U.S. stocks open higher on Inauguration Day; Netflix shares jump 14% at open Published:1/20/2021 9:06:48 AM
[] Mid-Morning Art Thread The Carmagnole (Dance Around the Guillotine) Kathe Kollwitz [100 comment rule is waived...]... Published:1/20/2021 9:06:48 AM
[] 'We will be back in some form': President Trump departs the White House [photos] Published:1/20/2021 8:30:28 AM
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