Twitter Again Accuses Trump Of COVID-19 ‘Misinformation As Surgeon General Warns Some States May Cancel Thanksgiving: Live UpdatesTyler DurdenMon, 10/26/2020 — 14:47
Twitter disputes veracity of Trump tweet on testing
Newark independently returns to partial lockdown
Surgeon General issues Thanksgiving warning
Netherlands tops 300k new cases
Czech Republic, Belgium and Denmark weigh new measures
NYC Mayor de Blasio allows students to opt into hybrid learning
Cuomo rips White House again
Dr. Fauci says US still in first wave of virus
US sees 7-day average for cases hit new record
Hospitals across US near capacity
Utah hospitals ask Gov to approve new triage plan
French official warns France seeing 100k new cases per day
Malaysia extends lockdown
Hong Kong focuses COVID efforts on public transit
UK approves new rapid test
AstraZeneca trial data shows vaccine effective on elderly
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Update (1440ET): Unsurprisingly, Twitter has taken issue with a tweet from President Trump that we shared below.
In accordance with Twitter’s new policy of labeling “misinformation” as such instead of engaging in straight up Beijing-style suppression, the team in San Francisco issues a clarification on the company’s “moments” feed, claiming scientists and journalists dispute the account.
President Trump’s claim that increased testing is leading to the rise in USCOVID-19 cases is unsubstantiated, according to journalists and fact-checkers. https://t.co/uP2OCUfco0
The 7-day average of US mortality has returned to its highest level in a month, while hospitals across the country groan under the load, but the fact remains, according to the data, it appears the improvement in testing has contributed substantially to the rise in cases across the US.
But just in case you forgot those 225,000 deaths from the virus were all President Trump’s fault, well, Twitter is here to remind you.
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Update (1300ET):The Surgeon General has just issued a warning to 12 states about gatherings over the Thanksgiving holiday.
A note of caution if you live in IA, ID, KS, MO, MT, ND, NE, OK, SD, TN, UT, or WI– things aren’t looking up for thanksgiving dinner, but there’s still plenty of time to turn it around.
It comes on the heels of Dr. Fauci telling Americans that cancelling Thanksgiving gatherings is the right thing to do in regards to public health.
As discussion turns back to whether families can safely gather for the holidays, here are some things to keep in mind.
The first is that the surge in COVID-19 cases is largely being driven by testing.
President Trump has a point when he says that the US numbers are being driven by a surge in testing.
Cases up because we TEST, TEST, TEST. A Fake News Media Conspiracy. Many young people who heal very fast. 99.9%. Corrupt Media conspiracy at all time high. On November 4th., topic will totally change. VOTE!
A few minutes ago, Bloomberg and other newswires reported on the decision by Newark NJ Mayor Ras Baraka to restrict hours of non-essential businesses and mandate testing for municipal employees, part of a plan to return to a quasi-lockdown as NJ leads the US in terms of viral spread once again.
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Update (1240ET): As we head into Monday afternoon on the East Coast of the US, Belgium is reportedly weighing a new lockdown, Denmark has topped 1,000 new daily cases for the first time, and the Czech Republic — the worst-hit country in Europe in terms of cases/population — is warning that more restrictions might be on the way.
Italian new cases numbered at 17,012, a decline from the week before. The country’s positivity rate increased by 0.7 percentage point to 21.6%, while 991 people sought treatment in a hospital, bringing the total hospitalized number to 12,997. In the ICU, officials added 76 new cases to bring the total to 1,284.
141 deaths were counted, raising the total to 37,479.
New York Governor Andrew Cuomo criticized White House Chief of Staff Mark Meadows for the second straight day over his remark claiming that COVID-19 can’t be controlled. Meanwhile, in NYC, Mayor Bill de Blasio affirmed that students in NYC schools would be allowed to switch from all-remote learning to a blended program for two weeks beginning on Nov. 2. The city has proved that schools are safe, with a positive testing rate of less than 1%, Mayor de Blasio said.
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New COVID-19 cases declined on Sunday following the Friday-Saturday peak both in the US, and globally. With the US adding roughly 61,000 new cases (according to JHU), bringing the US total to 8,637,108. Globally, the world broke above 43 million confirmed COVID-19 cases, with roughly 377,000 new cases reported yesterday alone.
However, the US average of new COVID-19 cases is now at its highest point since the start of the pandemic, as the US added more than 480,000 new cases (481,372 per JHU) after Friday and Saturday both saw new cases top 80k.
Currently, there are more than 41,000COVID patients hospitalized in the United States, a 40% rise in the past month, and unlike during the first wave, which hammered urban areas, the second wave is spreading out to more smaller towns with fewer resources, which can translate to less effective care. In Kansas City earlier this month, ambulances were reportedly turned away from hospitals that ran out of room. Field hospitals are currently opening in Salt Lake City and Milwaukee.
In Utah, hospitals are preparing to start rationing care as patients flood its ICUs. That’s reportedly the prediction of a top hospital association official, who has reportedly conveyed his warning to Utah Gov. Gary Herbert. The new criteria, which would require the state’s approval, creates a new triage program for doctors to decide who can stay in the ICU, and who will be sent back to a regular bed, per the Salt Lake Tribune.
Perhaps the biggest news overnight was the first trickle of Phase 3 trial data from AstraZeneca, a leak that seemed suspiciously well-timed, coming just days after US regulators finally gave the vaccine being developing in partnership with Oxford the green light to restart its US trials. The report should be taken with a large grain of salt; none of this is tantamount to conclusive evidence that the candidate will provide lasting immunity.
China’s Xinjiang province reported 26 new asymptomatic coronavirus infections between 1600 Sunday and 1600 Monday in Kashgar prefecture, China Central Television reported.
In other news, SCMP reports that Malaysia has just extended its partial lockdown in Kuala Lumpur, its capital city, as well as the surrounding state of Selangor, from two weeks to four.
Jean-Francois Delfraissy, the chair of the scientific team advising French President Emmanuel Macron, warned that the country is probably seeing roughly 100,000 new cases a day (more than 2x the current rate) as the coronavirus pandemic steers the nation into a “very difficult, or even critical situation.” He added that “this second wave will definitely be stronger than the first.” For context, France reported its 4th consecutive daily record of new cases on Sunday.
In the UK, pharmacy chain Boots is set to launch a 12-minute COVID-19 swab test in some of its stores, while it has begun to offer private pre-flight testing for those traveling abroad.
Here’s some more COVID-19 news from Monday morning and overnight:
South Korea reported an uptick in new coronavirus cases despite a lower number of tests, over the weekend, as a cluster of infections in nursing homes in the greater Seoul area emerged. The country added 119 more cases, increasing the total caseload to 25,955, according to the Korea Disease Control and Prevention Agency (Source: FT).
Hong Kong will focus its testing efforts on taxi and bus drivers over the next fortnight, as it seeks to control the coronavirus pandemic (Source: FT).
WHO director general Dr. Tedros said some countries in the northern hemisphere are facing a “dangerous moment” after US infections hit a record for the second day (Newswires).
Australia’s state of Victoria, the country’s new coronavirus hot spot, reports zero cases for the first time since June (Source: Reuters).
We don’t really need yet another reason to defund NPR, but here’s a new one anyway.
It reported on Friday that Alexander Hillel Treisman, a 19-year-old from North Carolina, was arrested when police investigating a report that his van was abandoned “looked into the van’s windows and saw an array of items: an AR-15 rifle, the box for a handgun, a canister of explosive material, and a box of ammunition, according to a court document. Police say they towed and searched the van, finding more than $500,000 in cash, drawings of swastikas and planes crashing into buildings, books on survival and bomb-making, and a half-dozen firearms.”
Not surprisingly for one of the flagships of the hard Left’s propaganda machine, NPR left a few significant details out of its report.
The Daily Beast, of all people, fills in the blanks, reporting that Treisman’s van contained “books about survival, bomb making, improvised weapons, and Islam.” The books on survival and bomb-making made NPR’s report, but not the books on Islam.NPR seems to be following what has by now become standard establishment media practice: minimize, whitewash, or ignore outright any aspect of a news story that might make people think ill of the Left’s favored religion, Islam.
NPR also didn’t see fit to note that Treisman, who has not yet been charged for plotting against Biden but was charged early in October with possessing “a total of 1,248 videos and 6,721 images of child pornography content,” is not the “right-wing extremist” that many Twitter Leftists have assumed (and hoped) that he was. The first comment on The Huffington Post’s article is:
“Another Trump-loving incel – complete with swastikas to boot. He bought the full MAGA package apparently. White House gift shop?”
“The president is an inspiration to the next generation of domestic terrorists — ready to defend white supremacy to the death — nice work there Trumpers.”
But in reality, Treisman is not a Trumper, but one of the Left, a supporter of Bernie Sanders.
The HuffPo, like NPR, doesn’t bother to inform its readers about this at all. Other reliably Leftist “news” organs did mention it, but only in a manner that would ensure that as few people as possible actually saw it. Buried in the fifteenth paragraph of the Washington Post story on Treisman is the salient fact that this psychopath himself explained that he wanted to kill Biden in order to “save bernie [sic].” The Times of Israel waited sixteen paragraphs before it got around to mentioning this.
“My hatred is for the complacent American people who will turn u in for their own satisfaction. But aside from former goals, my eyes on the future. If anything I have to save bernie.” Then he wondered on the same platform: “should I kill joe biden?”
These were not just idle words. According to NPR, “Treisman bought the AR-15 rifle in New Hampshire and then traveled to a Wendy’s restaurant within 4 miles of Biden’s home in Delaware, federal agents say. He allegedly wrote out a checklist that had as its last task: ‘execute.’”
Apparently, Treisman lost his nerve, as he made no attempt on Biden’s life and returned to North Carolina, where he was living at the time. But he had already done quite enough to be of tremendous service to the establishment media. As another Huffington Post commenter wrote: “Fox nation look in the mirror!”
Actually, if anyone should look in the mirror, it is the supporters of Bernie Sanders and other hard-Leftists whose hateful rhetoric and refusal to condemn antifa violence has created a climate in which the likes of Alexander Treisman can think they’re doing something heroic by plotting to murder a corrupt machine politician who is slightly less Leftist than his hero.
But most of those who are imagining a MAGA hat on Treisman today don’t even know he was actually one of their own, because their trusted media outlets such as NPR and the Huffington Post will bury that information or not bother to tell them at all. By such propagandistic delusions, the modern Left is energized.
WSJ Reporter Documents How The Pandemic Turned Her Once-Frugal Parents Into DaytradersTyler DurdenMon, 10/26/2020 — 14:25
We have already documented at length how the pandemic has been a boon for Robinhood and other discount brokerages. Many people forced to stay home and quarantine went on to become day-traders, to varying degrees of success. The result for brokerages was profound: massive boosts in the numbers of new accounts opened, with Robinhood being the most obvious beneficiary.
Put simply: the retail euphoria phase of the stock market bubble was supercharged during the virus lockdown where millennials, with no sports to watch, stuck in their parents’ basements, unemployed, and receiving stimulus checks, decided to become day traders.
For example, we pointed out last month that retail investors were piling into options and, more specifically, calls. In fact, the retail call-buying frenzy has accelerated to such an extent that as the following stunning chart shows, retail traders are on pace to soon have a majority share in all bullish call option activity (currently at 45% and up from 30% at the beginning the year), concluding a process we first discussed in May called “How Retail Investors Took Over The Stock Market”.
The Wall Street Journal highlighted another group of stories this past week in a piece called “The Pandemic Turned My Parents Into Daytraders”. The article highlights how the author’s once frugal “coupon clipping” parents have thrown caution to the wind and are now chasing highly overvalued momentum stocks like Zoom and Tesla.
“During my four years writing about financial markets for The Wall Street Journal, my parents and I almost never discussed stock trading — in fact, the newsroom has strict rules about journalists’ investing activities and I don’t dispense advice about markets. When I returned to Iowa to visit them in August, it was all they wanted to talk about,” WSJ’s Stephanie Yang wrote.
She said her father, who had never asked her about the market before, was now asking her about Tesla stock over dinner.
“Dad, please don’t buy Tesla,” she told him. “You don’t know anything about the company.”
He wound up buying Tesla anyway. And Nikola, to boot.
Yang shared a photograph of a text exchange with her mother, wherein her mom tells her that the “price is getting low” with Apple and Tesla priced at $107 and $379, respectively. The text looks similar to exchanges that many on Fin Twit share with theirparents, when they inquire with questions about the market.
Yang goes on to talk about how her parents grew up with modest means and a modest lifestyle — waiting tables and working side jobs — to get to where they were today. They had always urged her to save her money and invest in her 401(k). Their frugal lifestyle was enough to send the author and her brother to college without loans — and for her father to retire before 60.
Now, they are taking on more risks. Yang says 15% to 20% of her parents net worth has moved from traditional index funds to money they daytrade with. While her mother remains measured to a degree, and is learning about stock valuations, she says her father is more likely to take “calculated risks”. For example, he considered buying shares of Luckin Coffee after it plunged following questions about its accounting.
“Since then, they’ve been following the ups and downs of individual stocks with a single-minded fervor. Whereas they would once chat about errands or family matters, now they list the trading prices of their favorites, such as Zoom Video Communications Inc. and Roku Inc., and debate whether to buy or sell,” Yang wrote. You can read her full account here.
The retail boon hasn’t come without its problems, however. We noted months ago that US consumer protection agencies were being flooded with complaints about Robinhood. In fact, four times as many complaints were being filed about Robinhood than other traditional brokerages like Schwab and Fidelity, according to Bloomberg; in 2020 alone more than 400 complaints had been lodged against the “free” daytrading app.
Whenever one of the pundent starts to fillibuster you know there is a lie they are attemping to conceal. See how Peter Shift-y reacts when Prof.Wolff confounts him with the fact that the government is a group of very rich people. If you didn’t know that “People United” that’s the act that lets corperation donate money as if they were individuals. And other acts made to sound like it was made for the people (The idea being the people will hear the name and think that it was made with them in mind) like the “Patrioot Act” that’s the one that claims they can do anything they want to you in a nation emergency. That these very rich people, who the people think are there to represent them, but are in fact the board members of the corperation. Who are apponted to run in an elections. After their seclection, then and only then are they persented to the people, to be voted on. But the sweetest part for them (the very rich) is, no one asked, why these two. These are the ingredients for an electronic dictatorship, just add one more ingredient the major media.
I think the base part of this video is the look on Prof. Wolff face when he realizes that Peter Shif has just caught “Foot in mouth” that dreaded disease!
Peter the fillibuster, Someone tell Peter he’s not on MSNBC!
There is a very important message that Prof. Wolff made, and that is the relationship between capitalism and feudalism. One being a softer version (for some) than the other. Interestingly the people make plays and hollywod movies about feudalism, but still can see the connection. It’s the culture, that came to this land with the people trying to escaping hell, but didn’t know that it was in the boat with them all the time.