The FBI identified the suspect in the Congregation Beth Israel hostage situation as 44-year-old British national Malik Faisal Akram. US President Joe Biden speaks about the hostage incident at a synagogue in Texas as he arrives with US First Lady Jill Biden (R) to pack food boxes while volunteering in honor of Martin Luther King, Jr., Day of Service, at Philabundance, a hunger relief organization, in Philadelphia, Pennsylvania, January 16, 2022.SAUL LOEB/AFP via Getty Images Biden said the man who took four people hostage at a Texas synagogue bought his gun off the street. The FBI identified the suspect as 44-year-old British national, Malik Faisal Akram. Biden said Akram had been in the US for a few weeks and spent his first night in a homeless shelter. President Joe Biden said the man who took four people hostage at a synagogue in Colleyville, Texas, on Saturday purchased his gun on the street. The FBI identified the suspect in the Congregation Beth Israel hostage situation as 44-year-old British national Malik Faisal Akram.In a press statement, Biden said Akram had been in the US for only a few weeks and had spent his first night in a homeless shelter. Biden said he doesn't have all the details yet but speculated that Akram might have "purchased it from an individual in a homeless shelter or a homeless community," because that's where he said he was. "It's hard to tell. I just don't know," Biden said. While Akram alleged he had bombs, the president said there were none "that we know of."Biden added that while background checks are "critical" they don't work when someone buys a gun off the street. "But you can't stop something like this if someone is on the street buying something from somebody else on the street. Except that there's too — there's so many guns that have been sold of late; it's just ridiculous," Biden said. "And it's because of the failure of us to focus as hard as we should and as consistent as we should on gun purchases, gun sales, ghost guns, and a whole range of things that I'm trying to do."The hostage situation lasted for 11 hours. The synagogue was live-streaming a morning service via Facebook and Zoom, authorities said, when Akram entered and took the four hostages.All four were released unharmed and Akram was killed at the scene. No details about his death have been released. Biden said he did not know the specific motive behind the attack or why the specific synagogue was targetted. FBI Special Agent in Charge Matt DeSarno said that Akram was focused on an issue not linked to the Jewish community, AP reported."Well, no, I don't. We don't have — I don't think there is sufficient information to know about why he targeted that synagogue or why he insisted on the release of someone who's been in prison for over 10 years, why he was engaged — why he was using antisemitic and anti-Israeli comments. I — we just don't have enough facts," Biden said.Akram reportedly made demands that convicted terrorist Aafia Siddiqui, dubbed "Lady Al-Qaeda," be released from the Carswell Air Force Base in Texas, during the hostage situation.Siddiqui is serving an 86 year sentence after being convicted for attempting to kill a US soldier in 2010. Read the original article on Business Insider.....»»
Sen. Tim Kaine says most recent version of spending bill is "dead" but "the core of the bill" will likely pass
"Even the White House economist is using the past tense when referring to Build Back Better. It's dead," CBS's Margaret Brennan told Sen. Tim Kaine. Democratic Sen. Tim Kaine of Virginia campaigns for gubernatorial candidate Terry McAuliffe at a rally in Richmond, VA on October 23, 2021. (Photo byRyan M. Kelly/AFP/Getty Images Democratic Senator Tim Kaine said there's hope the social and climate spending bill will pass. Kaine said while the current version of the bill is dead, core elements of it may still go through. Democratic Sen. Joe Manchin has opposed the passing of the bill. Democratic Senator Tim Kaine pushed back on the idea that President Joe Biden's social and climate spending bill is completely "dead."In a CBS "Face the Nation" interview with host Margaret Brennan, Kaine said while the most recent version of the measure is "dead," core elements of the bill could still pass. "Even the White House economist is using the past tense when referring to Build Back Better. It's dead. You don't have the votes in the Senate," Brennan told Kaine. "I don't agree with you, Margaret. You're right that it's dead. The most recent version of it is not going to happen but if you look at the core of the bill, I think the core is education and workforce and things like reduce childcare and education expenses, workforce training, and then support for the workforce in areas like health care," Kaine replied. The social spending bill faced numerous blows to getting passed as Sen. Joe Manchin has blocked support of it. Manchin said he opposed the sprawling $2 trillion legislation, mostly based on opposition to the expanded child tax credit, which provides up to $300 a month per child to most families. Manchin has also opposed the total price tag. Earlier this month, Manchin said he's no longer supporting his proposal of a $1.8 trillion plan after a breakdown in the negotiation process with Biden's administration.Read the original article on Business Insider.....»»
After 28 Days On Ventilator, Family Loses Legal Battle To Try Ivermectin, Other Alternative Treatments, For Dying Father
After 28 Days On Ventilator, Family Loses Legal Battle To Try Ivermectin, Other Alternative Treatments, For Dying Father Authored by Nanette Holt via The Epoch Times, A Florida family fighting to give their loved one on a ventilator alternative treatments for COVID-19 have lost another battle—this time in Florida’s First District Court of Appeal. The wife and son of Daniel Pisano first squared off against Mayo Clinic Florida at an emergency hearing on Dec. 30 in Florida’s Fourth Judicial Circuit. Before that, they’d been begging the hospital to allow them to try treating Pisano—who’s been on a ventilator now for 28 days—with the controversial drug ivermectin, along with a mix of other drugs and supplements, part of a protocol recommended by the Front Line COVID-19 Critical Care Alliance (FLCCC). The family’s request for an emergency injunction to force the Mayo Clinic to allow treatments recommended by an outside doctor was denied by Judge Marianne Aho. They appealed the decision. On Jan. 14, Aho’s decision was upheld by Florida’s First District Court of Appeal. The three-judge panel deciding the case included Judge Thomas “Bo” Winokur, appointed by then-Gov. Rick Scott in 2015; Judge M. Kemmerly Thomas, appointed in 2016 by Scott; and Judge Robert E. Long, Jr., appointed in 2020, by Gov. Ron DeSantis. “An opinion of this Court explaining its reasoning will follow,” the judges stated in the order they issued. “So we wait to see what that looks like, unless it takes too long,” said Jeff Childers, an attorney for the family. Seventy-year-old Daniel Pisano doesn’t have unlimited time, says Eduardo Balbona, M.D., an independent doctor in Jacksonville who’s been advising the family since they reached out to him while researching other treatments that could potentially help their loved one. Daniel and Claudia Pisano moved to Florida and bought a homesite to be 20 minutes from their only two grandchildren. (Photo courtesy of Chris Pisano) Balbona, who has been monitoring Pisano’s treatment at the Mayo Clinic through an online portal, testified on behalf of the Pisano family in the first hearing. The Mayo Clinic has argued that the treatment plan doesn’t fit with the hospital’s standard protocol for treating COVID-19 patients and they don’t know what the effects of following Balbona’s recommendations would be. The hospital has told the family that Pisano has a less-than-five percent chance of survival, and all that’s left to do is wait and see if he recovers on the ventilator. The Mayo Clinic has not responded to requests for comment. The family has begged the Mayo Clinic to simply step aside and let Balbona try what he thinks could work. But the Mayo Clinic doesn’t allow outside doctors to treat patients. Since media reports mentioned his involvement in the case, particularly his confidence in recommending ivermectin, Balbona has faced a mix of hate-filled criticism and desperate cries for help. He says he’s used ivermectin along with the rest of the FLCCC protocol successfully with minor modifications, on “dozens and dozens” of seriously ill patients suffering the effects of COVID-19. Some of those patients have come to him from as far away as California. He’s not alone in his belief in ivermectin and the mix of drugs and supplements he’s suggesting. Different health care professionals across the country have spoken out over the past two years about the efficacy of using ivermectin and the FLCCC protocol to treat COVID-19. The drug has been used for 40 years and won a Nobel Prize for its creator. While ivermectin is most often used to prevent or kill parasites in animals, it has also been widely and successfully used for years to treat parasites and viruses in humans in the United States and other countries. There is an ever-growing list of peer-reviewed studies showing the drug’s efficacy in treating COVID-19. The U.S. Food and Drug Administration (FDA) indicates there are ongoing clinical trials investigating the use of the drug in the treatment of COVID-19 on a webpage warning people not to self-medicate with ivermectin. The FDA published a tweet in August mocking those who do. And some politicians and media outlets have railed relentlessly against those claiming ivermectin could be an effective and inexpensive way to combat COVID-19. The U.S. Food and Drug Administration (FDA) shared this tweet on Aug. 21, 2021, mocking the use of the drug ivermectin in the treatment of COVID-19. (Photo courtesy of FDA via Twitter) “You should be embarrassed to practice medicine, to sue the Mayo Clinic to get horse medicine to a human being, because of Internet garbage,” one person seethed on a voicemail at Balbona’s office after his court testimony was mentioned in an Epoch Times article. “Your license should be revoked, you worthless piece of garbage. You are killing people, not helping them, and to harass the Mayo Clinic, because you are not good enough to be their doctor is disgusting. Disgusting. You and doctors like you should all be banned from society. Shame on you. Disgusting. Goodbye and good riddance. I hope you get COVID. Goodbye.” Balbona says he deletes messages like that and pushes on with his treatment of patients. It’s “just the intolerance and hatred that takes me by surprise,” he said, about his office communications now getting “flooded by hate.” Eduardo Balbona, M.D., completed specialty training in internal medicine at the National Naval Medical Center and served as a physician at the U.S. Capitol, caring for senators, congressmen and Supreme Court justices. (Photo courtesy of Eduardo Balbona, M.D.) “Everything I do treating COVID is directed at lowering the inflammatory response, which is out of control, and improving blood flow to the lungs, and avoiding the complications of clots,” he said. “Perhaps the biggest change I’ve made from protocols in the hospital and with FLCCC is increasing the dose of dexamethasone. The dose of dexamethasone in FLCCC is relatively low at 6 mg, and I generally increase that to 18 mg daily in more serious cases. That’s a logic change, and I realize the study support is at 6 mg.” “There’s a reason for every medicine and everything I do treating COVID with my protocol. I have to be able to defend it since I know it will be attacked. Crazy world we’re in.” Christie DeTrude, of Switzerland, Florida, feels certain that Balbona’s recommendations saved her husband, Dewey. He had just retired last spring at 59 after a long career as a pipe-fitter. At 200 pounds and 6-feet-tall, he was in the peak of health, with strong “country muscles after a lifetime of turning a wrench,” she said. Dewey and Christie DeTrude on vacation in Hawaii, before he fell ill with COVID-19. (Courtesy of the DeTrude Family) When he sought treatment for COVID-19 at an urgent-care clinic in July, he was prescribed ivermectin by a doctor there. “But what we didn’t know at the time was, it wasn’t a high enough dose, because it’s supposed to be weight-based,” Christie DeTrude said. “Theirs was a very low dose, and they discontinued it after five days and said that it would be damaging to his liver and kidneys if they continued, which isn’t true.” On his eighth day of illness, he had developed pneumonia, and the urgent-care clinic told him to go to the hospital for treatment with convalescent plasma and oxygen. The referring doctor promised he wouldn’t be admitted, Christie DeTrude said. When she dropped him off at the Mayo Clinic Florida emergency room, she was told to come back and pick him up in 4-5 hours. “Once he got to Mayo, they just completely took over, and there was no informed consent,” DeTrude said. “There was no giving him information and letting us make a decision. They made all of his decisions for him, and they follow a standard protocol.” “There were no choices, there was no discussion…they just kept upping the oxygen,” DeTrude said. The Mayo Clinic did not return requests for comment by The Epoch Times about DeTrude’s case, Pisano’s case, or COVID-19 treatment protocols, in general. DeTrude said that eventually, her husband had become so weak, he couldn’t get out of the hospital bed. She felt that the hospital’s treatments weren’t working. She wanted to take him home. The hospital wouldn’t agree to discharge him and didn’t allow her to visit, she said. Dewey DeTrude’s wife hired an attorney to help her get her husband out of the intensive care unit at Mayo Clinic Florida, so he could be treated at home with ivermectin. DeTrude, shown here on Aug. 3, 2021, spent 46 days in the hospital. (Courtesy of the DeTrude Family) Days passed. Then, weeks. She says that she could tell from their phone calls that her husband was getting weaker. His 60th birthday came and went. And still, she says the hospital wouldn’t let her visit. “I was able to get a Catholic priest to come give him Last Rites, and the priest said that my husband’s mental state was like that of a prisoner of war, that he was definitely suffering trauma from the isolation from family, from his faith, from not seeing the sun. He’d lost 35 pounds,” she said. Part of the problem was that she wasn’t allowed to bring him vegan meals, she said. “A lot of the food, my husband wasn’t interested in. And when you’re on oxygen, it does affect your appetite, and he needed assistance eating, but they wouldn’t let me be that person,” she said. After 18 days, Christie DeTrude hired an attorney to help her push the hospital to stabilize her husband so she could take him home. Meanwhile, she searched for an outside doctor who could help. With that aim, she attended a medical freedom rally in Jacksonville in August, hoping to find something or someone who could advise her. Several doctors spoke about alternative treatments for COVID-19 that hospitals weren’t using, including ivermectin. The next day, she called them all. Only Dr. Balbona came to the phone to speak with her, she said. At Christie DeTrude’s request, Balbona promised the hospital that he’d take over her husband’s care. He ordered oxygen, medication, and home-health assistance for the family, she said. As she waited for Mayo doctors to agree to discharge him, Christie DeTrude prayed every day that her husband could hang on a little longer. After 46 days at Mayo Clinic, Dewey DeTrude finally was discharged and immediately started following Dr. Balbona’s instructions, taking ivermectin, fluvoxamine to prevent blood clots, and propranolol to treat anxiety and post-traumatic stress disorder from his hospital stay. He also took Vitamin C, Vitamin D, and zinc. He ate healthy food and spent time in the sunshine. Within days, it was clear her husband was on the mend, Christie DeTrude said. Now, four months later, “he’s working part-time, going to the gym,” she said. “He’s completed physical therapy and working on rebuilding his stamina and lung capacity. And if it weren’t for Dr. Balbona, I’m quite sure he would have died in the hospital.” Gene Bennett, a 77-year-old retired field engineer for IBM, tells a similar story. He was enjoying life in Bryceville, Florida helping his son clear five acres of land for a homesite when COVID-19 struck in January 2021. An ambulance transported him to Ascension St. Vincent’s Riverside Hospital in Jacksonville, where he was treated with remdesivir. “They had to keep getting my oxygen higher and higher,” Bennett said. “I was finally up to the point of seven liters per minute, which is almost pure oxygen. And I knew that I wasn’t getting better. I could tell I was getting weaker and weaker. So when the doctor made his rounds on the Monday morning, I said, ‘This is my last day of remdesivir treatment and I know that I’m not improving. What’s our next step?’ “He looked at me and very calmly said, ‘Mr. Bennett, we don’t have a next step.’ He said, ‘We have done all for you that we can do. There’s nothing else we can do for you.’” Gene Bennett insisted on leaving the hospital, instead of going on a ventilator. (Courtesy of Jane Bennett) Overnight, Bennett thought a lot about the conversation. The next day, he asked the doctor, “Are you serious? There’s nothing else that this hospital can do for me?” “He said, ‘No, sir. The next step is for you to go on a ventilator.’” “Well, I’m not going to do that,” Bennett recalls saying. “I want to be released from this hospital.” He quickly learned that was no longer a decision he could make for himself. Ascension St. Vincent’s Riverside Hospital did not respond to a request for comment. “They weren’t going to release me because I was on a high level of oxygen,” he told The Epoch Times. “So finally, after I raised hell with them, to put it mildly, all day, my son picked me up” that evening. The next morning, Bennett’s wife drove him to Dr. Balbona, his physician for many years. Balbona came out to the parking lot of his office to help him out of the car. “I could barely walk with a walker without assistance — that’s how bad off I was,” Bennett said. He says Balbona told him, ” You have the most severe case of COVID that I have seen. But I have a medicine I have been using and I’ve had great success with it.” Bennett needed no convincing. “What is it? I’ll take it,” Bennett recalls saying. “I know I’m dying. I just feel it.” “He told me and my wife, ‘Most people that have COVID as severe as you do not survive. We’re behind the curve, but we’re going to try to get you over the hump. The medicine I’d like to prescribe for you is normally a heartworm medicine for dogs—that’s the most common use.’ “He said, ‘They use it all over the world. It’s been around for 40 years, and it’s dirt cheap, but very effective.’ “He said, ‘I would never, ever give a patient a medicine that I thought would be harmful to them.’ And I totally believed, and just accepted the fact he was doing what he thinks was right. “I thought, I don’t have any options. I know if I don’t take something to stop this, it’s going to kill me.” They picked up a $30 supply of ivermectin from a drug store that day. Bennett was so weak, he could barely feed himself. His wife and son later told him that they thought he was going to die. But after five days on what Dr. Balbona prescribed, including Vitamin C, Vitamin D, zinc, steroids, and a diuretic to get fluid off his lungs, he started to improve. “I’m a firm believer and I’d swear on the Bible, had I not been prescribed ivermectin, I would have died. Had I not stepped out of St. Vincent’s and checked myself out and gone to him and got the ivermectin, I wouldn’t be talking to you today. It saved my life. And for how much money? Thirty dollars!” He has since read a lot of research about the efficacy of ivermectin in the treatment of COVID-19. Gene Bennett refused to go on a ventilator when he was seriously ill with COVID-19. After leaving the hospital, his doctor treated him with ivermectin. He made a full recovery. (Courtesy of Jane Bennett) “I can’t tell you if it is 100 percent effective for everyone, but I can tell you it was for me. I personally cannot understand why the government balks at giving these treatments. Why don’t they make the announcement that it’s available and let it be an individual’s choice?” Ivermectin has been approved for the treatment of COVID-19 in all or part of 22 countries. Over the past year, Bennett’s gotten back to full health, almost, regaining about half of the 45 pounds he lost while he was ill. His wife’s brother died in early January of COVID-19. They begged the hospital to try ivermectin. The hospital declined. His daughter-in-law’s mother died of COVID-19, too, in a Jacksonville Beach hospital, after the family begged to try ivermectin, and the hospital refused, Bennett said. An FDA spokeswoman said she would provide the number of reports of patients who had problems after self-medicating with ivermectin. Three days later, that information had not been provided to The Epoch Times. The FDA Office of Media Affairs said a formal request under the Freedom of Information Act (FOIA) would be required to obtain details about when ivermectin might be approved for use in treating COVID-19, and about bonafide injuries to people who’ve used ivermectin to treat the illness. “The most effective ways to limit the spread of COVID-19 include getting a COVID-19 vaccine when it is available to you and following current CDC guidance,” the FDA’s website advises. The Epoch Times spoke to a dozen people who have used ivermectin formulated for humans to treat COVID-19 at home. Most obtained prescriptions for the drug through online medical services. None reported having any side effects, even those who admitted to using ivermectin formulated for animals. Tyler Durden Sun, 01/16/2022 - 20:30.....»»
With a focus on Greater Philadelphia small businesses and entrepreneurs, "The Creators" is a weekly feature presented by PHL Inno. Check back each Monday for a new profile on a local business. Have a story you think we should know about? Email associate editor Lisa Dukart at firstname.lastname@example.org. For Bill and John Vesper, there were a lot of roadblocks on their way to launching a successful pasta sauce business. There were so many – from their limited handmade production capacity to the co-packer….....»»
Sen. Mitt Romney says Biden was elected "to stop the crazy" and argues that voters weren"t asking him "to transform America"
"Things are not going well," Romney said of Biden's tenure. "And the president needs to stop and reset and say what is it he's trying to accomplish?" Sen. Mitt Romney of Utah.Anna Moneymaker/Getty Images Sen. Mitt Romney on Sunday said that President Joe Biden was not elected to "transform America." Romney said that people who backed Biden "were looking to get back to normal" and "stop the crazy." The senator said that Biden's latest voting-rights speech was not helpful in forging bipartisanship. Sen. Mitt Romney on Sunday dinged President Joe Biden's governing approach, arguing that the veteran Democratic lawmaker was elected to restore a sense of normalcy to government and was not put into office to "transform" the country.During an interview on NBC's "Meet the Press," the Utah Republican — who was also the party's presidential nominee in 2012 — told host Chuck Todd that Biden has needed to adhere to his commitment to bridge partisan divisions in the country in the wake of the president's fiery voting-rights speech in Atlanta last week."President Biden said he was going to try to unite the country," the senator said. "His comments in Georgia did not suggest he's trying to pull us back together again."He continued: "He's got to recognize that when he was elected, people were not looking for him to transform America. They were looking to get back to normal. To stop the crazy. And it seems like we're continuing to see the kinds of policy and promotions that are not accepted by the American people."Romney's comments mirrored the sentiment of moderate Democratic Rep. Abigail Spanberger of Virginia, who said last November that voters didn't elect Biden to become the next Franklin D. Roosevelt in pushing for changes in government but to move away from the tumult of the administration of former President Donald Trump.For months, Democrats have sought to enact key voting-rights legislation — namely the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act — in the face of the GOP blocking the bills in the Senate, along with opposition to a filibuster carve-out from Democratic Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona.In the evenly-divided Senate, Biden's most ambitious policy items — including the roughly $2 trillion Build Back Better social-spending bill that invests in health care, early education, and climate change — have faced a tough road to passage.Romney, who worked with Biden to pass the $1.2 trillion bipartisan infrastructure bill that was signed into law last November, said that the president should push for a "reset" regarding his presidency, arguing that the Democrat has had "a bad year."The senator pointed to concerns surrounding inflation, the rise in illegal crossings at the US-Mexico border last year, the US withdrawal from Afghanistan, and logistical issues with Americans accessing COVID-19 testing kits as the Omicron variant spreads throughout the country. "Things are not going well," Romney said. "And the president needs to stop and reset and say what is it he's trying to accomplish?"He continued: "And if it's to try and transform America, he is not going to unite us. Bringing us together means finding a way to work on a bipartisan basis. He had one success, the infrastructure bill, and that was done by Republicans and Democrats in the Senate working together. Build on that kind of success."Read the original article on Business Insider.....»»
A Florida Republican who was defeated by 59 percentage points in a congressional special election won"t concede
With all precincts reporting, Sheila Cherfilus-McCormick defeated Jason Mariner by a 78.7% to 19.6% margin — a massive 59.1 percentage-point victory. Campaign signs are seen outside the Sunset Lakes Community Center in Miramar, Fla., on January 11, 2022.AP Photo/Rebecca Blackwell Republican Jason Mariner has not conceded in Florida's 20th District special election House race. Sheila Cherfilus-McCormick, a progressive Democrat, beat Mariner in a 79%-20% landslide. Mariner filed a lawsuit before the election had been called, only telling CBS Miami that "stuff" had been "discovered." A Florida Republican who last Tuesday lost a congressional special election by a landslide margin in a heavily Democratic district has declined to concede the race, according to CBS Miami.Sheila Cherfilus-McCormick — a progressive Democrat who pledged to fight for $1,000 monthly checks for Americans and backs policies including the Green New Deal and Medicare for All — easily defeated Republican Jason Mariner in a race to succeed the late Congressman Alcee Hastings, who passed away in April 2021.With all precincts reporting, Cherfilus-McCormick defeated Mariner by a 78.7% to 19.6% margin in Florida's 20th District — representing a 59.1 percentage-point victory. The congresswoman received 43,663 votes to her opponent's 10,883 votes in a clear victory.However, in a move reminiscent of former President Donald Trump, who continues to dispute his election loss to President Joe Biden, Mariner has pointed to irregularities in the South Florida district."Now they called the race — I did not win, so they say, but that does not mean that they lost either, it does not mean that we lost," the Republican told CBS after the race was called for Cherfilus-McCormick.Before the polls closed for the special election, Mariner filed a lawsuit pointing to ballot issues in Broward and Palm Beach counties, the two populous Democratic-leaning jurisdictions that anchor the district."We'll also have some stuff coming out that we've recently discovered," Mariner told the television station, without disclosing any developments that could affect the outcome.Cherfilus-McCormick — who eked by former Democratic primary contender Dale Holness by five votes in a multicandidate Democratic primary in November — brushed off Mariner's move."Well, this wouldn't be my first time running against an opponent who is refusing to concede, so it's not our first time, and at the end of the day nothing can stop the motion," she told CBS.Holness, a former Broward County Commissioner, filed a lawsuit in November to invalidate the Democratic primary results, alleging that Cherfilus-McCormick's advocacy for a universal basic income plan was tantamount to bribing voters.Election officials in Broward and Palm Beach counties told CBS that the election results would be certified in 14 days — with challenges permitted for 10 days after that point.While candidates who are unsuccessful in their races aren't legally bound to formally concede, Trump's continued refusal to acknowledge his loss to Biden despite a clear 306-232 Electoral College victory for the president has morphed into a major point of contention for partisans, from the grassroots level to the halls of Congress.In the wake of Trump's 2020 presidential loss, Republicans across the country have raced to implement voting restrictions, fueled by the former president's debunked claims of voter fraud.Congressional Democrats have sought to nullify many of the provisions of Republican-led bills with the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act — but have been stymied by resistance to filibuster reform from Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, along with near-unanimous GOP opposition to the bills.Read the original article on Business Insider.....»»
Dolly Parton and Jeni's Splendid Ice Creams have partnered once more to bring the singer’s limited-edition ice cream flavor back just in time for the country singer’s upcoming novel, “Run, Rose, Run.”.....»»
"We Are Going To Take Back America": Trump Holds First Rally Of 2022 In Arizona Authored by Mimi Nguyen Ly via The Epoch Times, Former President Donald Trump painted a positive future for Republicans late Saturday at his first rally of 2022, held in Arizona. “A great red wave is going to begin here in Arizona and is going to sweep across this country and it’s going to wash hundreds and thousands of Democrat socialists out of office with an unstoppable surge of Republican patriots, and they’re going to be doing it, you’re going to be heading to the polls,” Trump said at the Canyon Moon Ranch festival grounds, in Florence, a Republican stronghold about 70 miles southeast of Phoenix. “This is the year we are going to take back the House, we are going to take back the Senate, and we are going to take back America. This is so important,” he told the crowd that responded in loud cheers. “This is maybe the most important election we’ve ever had. I do believe that 2024 will be even more important … In 2024, we are going to take back the White House!” he added. Former President Donald Trump speaks during a rally at the Canyon Moon Ranch festival grounds in Florence, Arizona, on Jan. 15, 2022. (Robyn Beck/AFP via Getty Images) Thousands of supporters gathered at Trump’s rally, his second in Arizona since he left office. The former president described the crowd as a “sea of people” that stretched “as far as the eyes can see,” and urged media members present to turn their cameras around. Trump used the crowd size to question the results of the 2020 election. “I ran twice, and we won twice, and we did better the second time … This crowd is a massive symbol of what took place because the people are hungry for the truth, they want their country back,” the former president asserted. Former President Donald Trump speaks at a rally at the Canyon Moon Ranch festival grounds in Florence, Arizona, on Jan. 15, 2022. (Mario Tama/Getty Images) “A person that comes here and has crowds that go further than any eye can see … and has cars that stretch out for 25 miles—that’s not somebody that lost an election,” he later said. “And now because of it, our country is being destroyed.” Trump deplored the current state of the nation but expressed hope the situation will change, outlining agendas that include to eliminate COVID-19 mandates, investigate the events of Jan. 6, 2021, and combat illegal immigration. During his speech, Trump endorsed Kari Lake for Arizona governor while calling incumbent Gov. Doug Ducey, a Republican, a “terrible representative” of the state. Lake, a former journalist, promised to eliminate mandates if she becomes governor. She also promised she would help to ensure election integrity and address illegal immigration, including to finish building the border wall. Former President Donald Trump and Kari Lake, whom Trump is supporting in the Arizona’s gubernatorial race, speak during a rally at the Canyon Moon Ranch festival grounds in Florence, Arizona, on Jan. 15, 2022. (Robyn Beck/AFP via Getty Images) COVID-19 Mandates The former president lobbied heavy criticism against the Biden administration’s mandates, which he said are “absolutely decimating our economy.” Trump urged Americans to “tell Joe Biden the Americans’ health choices are none of his business, we can make our own choices.” “With these decisions they’re making, they’re wrecking and devastating people’s lives; firing Americans from their jobs, forcing innocent children to grow up in masks, closing their schools—destroying education, crushing their development, demolishing their futures—[and] locking people in their homes,” Trump said. “They’re truly hurting the American people … they’ve taken away their dignity, they’ve taken away their liberties. And I say enough is enough and we are not going to take it anymore.” “This is the moment the Americans must take their lives and their future back,” he added. “We have to do it. We have to be strong. It’s time for the radical Democrats to leave our families alone, leave our elderly alone, leave our children alone with their strong immune system.” Supporters gather at a rally by former President Donald Trump at the Canyon Moon Ranch festival grounds in Florence, Arizona, on Jan. 15, 2022. (Mario Tama/Getty Images) “Big Pharma is making a fortune. Democrats are putting corporate profits over the rights of the American people. These corrupt, power-hungry lunatics need to hear us loud and clear—we are done having our lives controlled by politicians and Washington bureaucrats. We’re done with the mandates, including the mandates for frontline health care workers.” Trump said he had “fiercely resisted mandates, and always will.” Jan. 6 Probe The former president said that if Republicans regain control of congress, they will start an investigation into the events of Jan. 6, 2021, the day when the U.S. Capitol was breached. “We will immediately begin our own investigations into what happened—what really happened, because this is being totally whitewashed,” Trump said, while denouncing the current Democrat-led House committee investigation of Jan. 6. “January 6 has become the Democrat Party’s excuse to justify an unprecedented assault on Americans’ civil rights and liberties,” Trump said. A supporter wears a large button reading “Fighting for President Trump, January 6 We’re Coming” on his hat as he attends the first rally of the year by former President Donald Trump at the Canyon Moon Ranch festival grounds in Florence, Arizona, on Jan. 15, 2022. (Robyn Beck/AFP via Getty Images) He criticized the treatment of people who have been detained in the Jan. 6 investigation. “Appalling persecution of political prisoners. What’s happening to those people in those jails … the blatant abuse of power to harass their political opponents is disgraceful, it’s never happened to this extent,” Trump said. “When it comes to January 6 defendants, most of whom were charged with non-violent offenses, partisan Democrats have celebrated their indefinite detention without trial,” he said. “These people are living in hell. Let them fight, let them see their lawyers, let them go out … These people are being persecuted.” Trump also denounced the shooting of Ashli Babbitt and the man who shot her. “Let’s see how he could do without the protections that he got,” Trump said. “It’s a disgrace the way he shot Ashli.” “The American people deserve answers,” he said. “The Jan. 6 rally was a protest against a crooked election carried out by unhinged Democrats, Big Tech, working with the fake news media, all working together to defeat Republicans, and your favorite president—me.” Illegal Immigration Trump said that one of Republicans’ top priorities if they regain control of Congress will be to “stop the illegal flood of aliens across our southern border,” which includes human trafficking. Trump said Republicans plan to increase the number of ICE and Border Patrol officers to detain and deport illegal aliens. “We should also pass a law that says that sanctuary city officials who knowingly release criminals will be charged as accessories in any future crimes.” The border situation changed from “best” to “worst” in the span of one year, he said. “Over 2 million illegal aliens have trespassed across our borders—but that’s also a fake number given by the press and others,” Trump said, adding that he believes the number could be “10 times that amount.” “I think we’re talking about tens of millions of people are pouring into this country,” he suggested. “We see certain people and we sort of lock it down, well that’s the number, but it’s not. I think that it’s tens of millions of people, and these are not necessarily people we want in our country.” Trump noted a “record number” of undocumented migrant children arriving across the border. He accused Democrats of pushing “very cruel policies are pushing vulnerable youths into the arms of child smugglers, human traffickers, and very vicious criminal cartels.” “What the criminal cartels are doing to women and children—unbelievable. The trafficking is mostly in women, [and] what they’re doing to women is horrible. Yet despite all of this … the radical left are still hellbent on passing mass amnesty for illegal aliens,” Trump said. Tyler Durden Sun, 01/16/2022 - 12:30.....»»
Fully Vaccinated Canadian Soccer Star Alphonso Davies Sidelined With Myocarditis Another day, another story about a soccer player being sidelined due to sudden-onset heart-related illness. Continuing a disturbing trend of professional soccer players being pulled from games, Canadian star Alphonso Davies, who plays for Bayern Munich, is showing signs of an "inflammation of the heart muscle," according to CP24. He is only 21 years old. Davies has been ruled out of Canada's three World Cup qualifiers set to take place in Janaury and February. His club manager, Julian Nagelsmann, has said that the problem was caught during a follow up COVID examination. “He'll sit out training until further notice. He won't be available, also in the coming weeks. The ultrasound shows this myocarditis isn't so dramatic but it's a sign of myocarditis. Still, it has to heal and that will definitely take some time,” the skipper commented. He didn't attribute the inflammation to Covid right away, stating: “There are different reasons, especially viral load or the flu, for instance, that can cause cardiac problems." "That occurred pre-corona to other players. Now the probability is higher if you combine corona and top athleticism, that might cause other problems. But that's not relevant for us right now. It's not relevant to the treatment. It doesn't matter if Alphonso Davies had this from the flu or Omicron-Delta or whatever. That's not really the decisive factor," he continued. “The situation is that it's absolutely awful, terrible. What can I say? A bad situation for us.” Davies has stopped training and is widely considered one of the best left backs in the world. He is fully vaccinated and got his booster in December, reports says. Tyler Durden Sun, 01/16/2022 - 15:00.....»»
The Tell: Supply-chain backlogs may `never’ clear as long as U.S. consumer demand persists, says RBC Capital Markets
If consumption remains elevated, California ports will “never” fully clear the hurdles needed to alleviate the supply chain, absent major infrastructure investments, RBC says......»»
A massive asteroid the size of the Empire State Building is about to pass Earth. Here"s how to track it.
The asteroid, which is about a half-mile wide, has been studied by scientists for decades and will stay about 1.2 million miles away from Earth. A screenshot of NASA's Eyes website which lets you track asteroids as they pass by Earth.NASA An asteroid the size of the Empire State Building is expected to fly past Earth next week. NASA has classified the huge space rock as "potentially hazardous." The asteroid will stay 1.2 million miles away from Earth and can be tracked online. A massive asteroid is heading towards Earth.But don't worry, the asteroid won't hit the planet like in the Netflix movie "Don't Look Up." In fact, it will travel approximately 1.2 million miles away from Earth-- that's over five times the distance between the Earth and the moon-- and is expected to pass by on Tuesday.Asteroid 7482 (1994 PC1), is a little over a half-mile wide, around the size of the Empire State Building, and has been tracked by NASA scientists since it was discovered by astronomer RH McNaught in 1994. The asteroid is one of several large asteroids to pass by Earth in recent weeks. "Near-Earth asteroid 1994 PC1 is very well known and has been studied for decades by our planetary defense experts," NASA posted to Twitter on Wednesday. "Rest assured, 1994 PC1 will safely fly past our planet."—NASA Asteroid Watch (@AsteroidWatch) January 12, 20221994 PC1 is considered "potentially hazardous" by NASA because it crosses Earth's orbit, according to USA TODAY.The asteroid would cause a "complete catastrophe" if it were to hit the Earth because it has more energy than a nuclear blast, Franck Marchis, the Chief Scientific Officer at Unistellar and Senior Planetary Astronomer at the SETI Institute, explained to USA TODAY. Although 1994 PC1 sounds dangerous, there is no need to be concerned.To watch 1994 PC1 pass by Earth, anyone with a backyard telescope of about 6 inches or wider in diameter and an app to help watch the sky should be able to see the asteroid pass at about 43,754 miles per hour, according to CNET.For those without a telescope, NASA's Eyes website will also offer a visual and a count down to help track the passing of the asteroid. The Virtual Telescope Project will also offer a live stream of the asteroid passing by.1994 PC1 orbits the sun every 1.5 years, according to NASA. The asteroid won't come this close to Earth again until 2105.Read the original article on Business Insider.....»»
Mother gives up baby for adoption and sues sperm donor for $2.8m after he lied about his education, nationality, and wife
The married woman from Tokyo, Japan, who had sex with the sperm donor ten times is now suing for $2.8 million for mental distress. A pregnant stomachGetty Images A woman in Japan has given up her baby to the state's care and filed a lawsuit against the sperm donor. Whilst pregnant, she learned the sperm donor lied about his education, nationality, and marital status. She has filed a 330 million yen ($2.86 million) lawsuit and is suing for emotional distress. A Japanese woman is giving up her child to the state and suing her sperm donor after he lied about his ethnicity and educational background.The woman, in her thirties, who lives in Tokyo with her husband and first-born child, had sex with the sperm donor ten times due to conceive a second child, after it came to light her husband had a hereditary disease, according to the Tokyo Shimbun. The donor told her he was Japanese, single, and a graduate of Kyoto University, one of the best universities in Japan. The woman, who has remained nameless in Japanese news reports, got pregnant in June 2019. However, during her pregnancy, she learned that the donor was, in fact, Chinese, went to a different university and was married. As a result, she decided she no longer wanted the child she had conceived with this man, but it was too late to terminate the pregnancy. After giving birth, she gave the child up to the state and last month filed a 330 million yen ($2.86 million) lawsuit against the sperm donor for emotional distress. Tokyo Shimbun reports that the woman said he tricked her for the sake of sexual gratification.The woman's lawyer spoke to Japanese broadcaster TBS News, stating that she is suffering from intense mental distress and sleep problems due to the sperm donor's misrepresentation. The lawyer said that the lawsuit is a way to prevent similar ordeals from happening in the future, taking aim at the thriving underground sperm donor industry in Japan. There are no laws in Japan to regulate sperm donation. That, and the fact that there is only one official sperm bank in Japan, has created a black market for sperm. Japan's one sperm donation center opened in June 2021, and only 12 hospitals nationwide that carry out artificial insemination procedures, reported The Telegraph. As a result, there is a thriving black market in sperm on social media and 10,000 children have been born from sperm obtained through these unofficial arrangements, according to media reports.The woman's choice to give up the baby has received much criticism, with child welfare worker Mizuho Sasaki telling Vice World News that it is "unacceptable to treat the child like an object, but I think it's better to leave the kid with someone who can be a good foster parent."Read the original article on Business Insider.....»»
Photos: a record-breaking number of ships sailed through the Suez Canal in 2021, including the redemptive return of the "Ever Given"
Massive ships that made it through the Suez Canal this year, including Ever Given and its even larger sibling, Ever Ace. Zhang Jingang/VCG via Getty Images More ships sailed through The Suez Canal this year than ever before. The record number comes amid supply-chain chaos, the coronavirus pandemic, and the Ever Given's 6-day grounding. See the massive ships that made it through, including the Ever Given's larger sibling, "Ever Ace." A total of 20,694 ships traveled through The Suez Canal this year, the SCA's chairman announced on Sunday.Container ships sail in Suez Canal, during the 150th anniversary of the Suez Canal.Gehad Hamdy/picture alliance via Getty ImagesSource: BloombergThe record-breaking feat defies a year riddled with supply-chain chaos, the pandemic, and of course, the Ever Given's dramatic 6-day blocking of the canal.Touring the Ports of Los Angeles and Long Beach.Thomas Pallini/InsiderAmong the tens of thousands of ships that made it through the Suez Canal this year was the recently repaired Ever Given and its even-larger sibling, Ever Ace.Yu Fangping / Costfoto/Barcroft Media via Getty ImagesIn a tale of redemption, the Ever Given successfully journeyed through the canal four months after it blocked the global waterway in March 2021.A view shows the container ship Ever Given, one of the world's largest container ships, after it was partially refloated, in Suez Canal, Egypt March 29, 2021Suez Canal Authority via ReutersSource: InsiderThe successful voyage was fantastic news for the global shipping industry — the Ever Given saga cost the global economy an estimated $400 million per hour.Container ship Ever Given stuck in the Suez Canal, Egypt on March 27, 2021.Kristin Carringer/MaxarSource: InsiderIn October, it was spotted in Qingdao, China, as its underwent repairs.Yu Fangping / Costfoto/Barcroft Media via Getty ImagesSource: InsiderPhotos revealed how six days stuck inside the canal destroyed the ship's famous red "bulbous bow."The Ever Given container ship which blocked the Suez Canal for nearly a week in March arrived in Qingdao on Monday for repair.Li Ziheng/Xinhua via Getty ImagesSource: InsiderMore than 1 million cubic feet of sand and mud had to be removed from around the ship as workers worked round-the-clock to dislodge both the bow and stern.Suez Canal Authority via APIn November, photos showed the repaired bow with a fresh coat of paint at a shipyard in China's Shandong Province.Yu Fangping / Costfoto/Barcroft Media via Getty ImagesSoon, the Ever Given reappeared on shipping schedules and began transporting freight between Europe and Asia once again — just in time for holiday shipping surges.Containers loaded onto the recently repaired Ever Given ship.Zhang Jingang/VCG via Getty ImagesThe "mega" container ship is larger than the Titanic and longer than the Empire State Building is high, but its new sibling is even bigger.Container ships are getting larger every year — the Ever Given is longer than three football fields.Zhang Jingang/VCG via Getty ImagesMeet Ever Ace: the world's largest container ship. According to American Bureau of Shipping records, the two ships are the same length, but the Ever Ace is wider and deeper.The Ever Ace has room on board for 23,992 boxes and 200,000 tonnes of cargo.Georg Wendt/picture alliance via Getty ImagesSource: InsiderThe Ever Ace is an Evergreen A-class, which can hold up to 23,992 cargo units. This is up from the 20,124 cargo units that the Ever Given, which is an Evergreen G-class ship, can carry.The "Ever Ace", one of the largest container ships in the world, is guided by tugs on the Elbe into the Port of Hamburg to moor at the Burchardkai container terminal.Georg Wendt/picture alliance via Getty ImagesSource: InsiderThe Ever Ace made its maiden voyage this summer, sailing through The Suez Canal for the first time on August 28, 2021.People gather as ship Ever Given is seen in Suez Canal, Egypt March 29, 2021.REUTERS/Mohamed Abd El GhanyEleven other mega container ships are being built in the make of the Ever Ace, three of which could become operational this year.A dockworker directs container ship CSCL GLOBE.Yu Fangping/VCG/Getty Images"Mega" container ships like these have more than doubled in size over the past decade to keep up with global trade demand.Associated PressThe vessels' larger-than-life size is contributing to the supply-chain crisis that's caused record-breaking backlogs at US ports, Kip Louttit, executive director of the Marine Exchange of Southern California, told Insider.Jeff Gritchen/MediaNews Group/Orange County Register via Getty ImagesEgypt's Suez Canal Authority announced plans to widen and deepen the waterway in May to help prevent future container ships from getting stuck.Stranded ships waiting in the queue to cross the Suez Canal on March 27, 202, as it's blocked by the Ever Given ship.MAHMOUD KHALED/AFP via Getty Images/InsiderThe deepening project will likely be complete in July 2023, Bloomberg reported.The Ever Given is accompanied by Suez Canal tugboats as it moves in the Suez Canal, Egypt, Monday, March 29, 2021.Suez Canal Authority via APSource: BloombergSCA Chairman Osama Rabie said even more ships are expected to pass through the canal next year due to increased ship production, according to the outlet.Seafarers on a ship waiting for their vaccinations.Sina Schuldt/DPA/Getty ImagesSource: BloombergRead the original article on Business Insider.....»»
Trump claims he couldn"t have lost the 2020 presidential election because his Arizona rally boasted thousands of attendees and "had cars that stretch out for 25 miles"
"There's nobody that can see the end of this crowd," Trump told his supporters at a Saturday rally. "That's not somebody that lost an election." Former President Donald Trump reacts to the crowd prior to speaking at a "Save America" rally in Florence, Ariz., on January 15, 2022.AP Photo/Ross D. Franklin Former President Trump on Saturday continued to raise doubt on his election loss to President Biden. During an Arizona rally, Trump pointed to the crowd size and heavy traffic to justify his opinion. Trump often uses rally figures to guage electoral success, despite them having no clear connection. Former President Donald Trump on Saturday bragged about the crowd size of an Arizona rally and pointed to heavy traffic leading into the event venue as evidence that he — and not President Joe Biden — won the 2020 election.Nearly a year after Trump departed the White House after losing his reelection bid to Biden, the former president continues to maintain that the election was fraudulent despite there being no evidence of mass irregularities and after repeated court losses by his campaign legal team.During his "Save America" rally in Florence — the first large-scale Trump-helmed public gathering of 2022 — the former commander-in-chief once again called the election "fake" before equating the breadth of his in-person rallies to the presidential election results."A person that comes here ... and has crowds that go further than any eye can see ... there's nobody that can see the end of this crowd," Trump told thousands of cheering supporters.He continued: "And has cars that stretch out for 25 miles. That's not somebody that lost an election, and now because of it, our country is being destroyed."While Trump sported his trademark "Make America Great Again" hat and spoke to roughly 15,000 supporters, per an Arizona Republic estimate, the former president went down a laundry list of grievances with the 2020 election and Biden's presidency, especially as it pertained to the state of the economy and the US-Mexico border.—Liz Harrington (@realLizUSA) January 16, 2022The Republic also reported that traffic for the Florence rally "was backed up for more than an hour," with attendees waiting in lines that traversed from the front of the venue to a dirt parking lot.Trump has long equated crowd sizes to electoral support and frequently blasted Biden's scaled-down events during the presidential campaign, linking it to a lack of support for the then-Democratic nominee. Meanwhile, Biden — who had sought to adhere to social distancing during the coronavirus pandemic — generally stuck with hosting outdoor events like drive-in rallies.Trump has teased a 2024 presidential run for almost a year, notably at the multiple rallies that he held in support of Republican candidates last year, and during the Saturday event.During a Fox News interview last November, Trump said that a final decision was still up in the air."I am certainly thinking about it and we'll see," he told the outlet at the time. "I think a lot of people will be very happy, frankly, with the decision, and probably will announce that after the midterms."Arizona was one of the hardest-fought states of the 2020 presidential election — and the longtime conservative stronghold will be hotly contested again in 2024 as well. Last year, Biden became the first Democratic presidential nominee since Bill Clinton in 1996 to win the state's electoral votes, edging out Trump by 10,457 votes out of nearly 3.4 million ballots cast.Read the original article on Business Insider.....»»
A top US doctor says Biden"s agencies haven"t been on the "same page" on messaging about COVID-19, causing a "real problem"
Dr. Ashish Jha, the dean of the Brown University School of Public Health, said "the White House needs to get its messaging discipline together." Dr. Ashish Jha on "Fox News Sunday."Fox News/"Fox News Sunday" A top US doctor said the Biden administration needed to get its messaging together on COVID-19. Dr. Ashish Jha, the dean of the Brown University School of Public Health, said different agencies haven't always been on the "same page." "I think that part has been a real problem," Jha said in a Fox News interview. Dr. Ashish Jha, the dean of the Brown University School of Public Health said on Sunday the Biden administration has inconsistent messaging on its COVID-19 response, creating a "real problem." "We have different agencies that have not been on the same page, John," Jha said during an appearance on Fox News' "Fox News Sunday." "And I think that part has been a real problem."While Jha said that the administration of former President Donald Trump put out inaccurate information related COVID-19, he said that Trump's administration had stronger consistency between agencies than the Biden administration.Jha's remarks drew backlash online, prompting Jha to clarify that he believed both messaging and accurate mattered to different degrees. The "Trump administration cared little about accuracy and often spread misinformation," he said, adding the "Biden team needs to work on consistency. They are not equivalent." —Ashish K. Jha, MD, MPH (@ashishkjha) January 16, 2022 Jha said during the Fox News interview on Sunday the White House, the US Centers for Disease Control and Prevention, the US Food and Drug Administration, and the National Institutes of Health have sometimes had different messaging during the Biden administration. "I think the White House needs to get its messaging discipline together, needs to make sure that people are speaking from the same page," Jha said. "My sense is that that has not been happening consistently. And it would be enormously helpful to the American people if that messaging was more consistent."Federal agencies have recently been criticized for shifting and inconsistent guidance and communication on topics including the rollout of vaccine booster shots, face masks, and isolation guidance for when someone is exposed to or tests positive for COVID-19.Jha last week said Americans who need to return to society after testing positive for COVID-19 should get a negative antigen test or wear a "high-quality mask" after the CDC said people only needed to isolate for just five days upon a positive test, rather than the previous 10 day recommendation. Read the original article on Business Insider.....»»
I tried the bus startup using luxury coaches with motion-canceling seats on a trip from NYC to DC and it was one of the most comfortable travel experience I"ve had
The plush seating, free snacks and booze, attentive attendant, and fast WiFi made traveling on the Jet an absolute joy. The Jet on a cold January morning.Brittany Chang/Insider I tried the Jet, a luxury bus startup that travels between New York City and Washington DC. Tickets start at $99, which is more expensive than a comparable Amtrak ticket or a ride on a budget bus service. The snacks, drinks, kind attendant, and comfortable motion-canceling seating made my carsickness worth it. I took a luxury bus service from New York City to Washington DC for $99, and it was one of the plushest travel experiences I've ever had.The Jet on a cold January morning.Brittany Chang/InsiderI've never had a pleasant intercity bus experience (until now), but the complimentary snacks and beverages, fast WiFi, and motion-canceling seats made the ride enjoyable and comfortable.The seats.Brittany Chang/InsiderThat is until I got carsick. But more on that later.The seats at the front of the bus.Brittany Chang/InsiderI, like many other travelers in the US, do not have fond memories of sitting in intercity buses like Greyhound or Megabus.A Greyhound bus in Texas in 2021.Jose Luis Gonzalez/ReutersEnter the Jet, a luxury bus startup looking to provide another option different from those sometimes-uncomfortable budget bus experiences.The Jet on a cold January morning.Brittany Chang/InsiderUnlike the classic Flixbus or Greyhound, the Jet has comfortable seats, in-ride treats, and fast Wifi, among other bonuses. It's more expensive, but the company is betting riders who can afford to will pay for the luxury and exclusivity.The seats.Brittany Chang/InsiderChad Scarborough, the Jet's founder and CEO, predicts the company's passengers are the top one to 2% of bus riders, or "people who want a nicer option" but don't want to pay for an Amtrak, he said the first time I toured one of its buses in late 2021.The galley at the rear of the bus.Brittany Chang/InsiderThe startup isn't a new concept: Luxury coaches like Vonlane have fared well in other markets, Scarborough noted.The back of the bus.Brittany Chang/InsiderBut unlike Vonlane, which operates primarily in Texas, the Jet targets two cities with low car ownership: New York and Washington, DC.A view out the windows while we were still in Manhattan.Brittany Chang/InsiderSource: Titlemax Tripperbus, which also calls itself a "first-class bus service," runs a similar route from Arlington, Virginia, and Bethesda, Maryland to New York City.Rachel Mendelson/InsiderSource: Tripperbus But the Jet drops off and picks up its passengers right in the heart of DC at Metro Center, about a 10-minute walk to the White House.The White House south facade, in Washington, D.C.Raymond Boyd/Getty ImagesOn January 7, the morning after New York's first snow in the new year, I decided to take a ride on the Jet for a roughly five-hour ride from New York City to Washington, DC to test its offering.The Jet on a cold January morning.Brittany Chang/InsiderThe Jet only has two departure times from New York: 11 a.m. and 6:30 p.m. I booked the former hoping to get some work done on my Friday afternoon ride.The seats.Brittany Chang/InsiderThe Jet departs from Hudson Yards. This outdoor departure away from any terminal means I didn't have to navigate the large, often busy corridors of an indoor station. It also means passengers board from the curb, just like discount carrier Megabus.The Jet on a cold January morning.Brittany Chang/InsiderThe 45-foot-long black coach with "THE JET" embossed on side told me I was in the right place. I arrived earlier, so I had plenty of time to pick up breakfast before checking in with the bus attendant, who operates like a flight attendant.The Jet on a cold January morning.Brittany Chang/InsiderI already reserved my spot on the 14-seat bus so there was no need to rush onto the vehicle in hopes of getting a prime seat or space in the luggage compartment.My messy seat.Brittany Chang/InsiderAnd the rows of seats are six feet apart as per COVID-19 protocols, providing ample legroom and space for my bags.The back of the bus.Brittany Chang/Insider"We've had some people tell us [this] feels safer than taking a train or a plane because there's so few people," Scarborough said in 2021.The bathroom.Brittany Chang/InsiderAnd I agree. Besides me, there were only nine other people on the bus including the driver and attendant. Everyone was required to mask up unless they were eating or drinking.Snacks on the Jet.Brittany Chang/InsiderThere's also a UV filtration system that sanitizes the air every 10 minutes, according to the company.The galley at the rear of the bus.Brittany Chang/InsiderOther than the person sitting next to me (who I live with) everyone felt distanced from my seat, making the Jet feel safer than any plane ride I've been on during COVID-19. And unlike planes, the Jet is also now enforcing a vaccine mandate.The seats.Brittany Chang/InsiderThe pre-booked seats, ample spacing, and warm attendant made for one of the safest-seeming and most relaxing boarding experiences I've ever had on any mode of transportation.Inside the Jet.Brittany Chang/InsiderAll I had to do was get on the bus, throw my bags on the floor in front of me, confirm my seat with the friendly attendant, and I was all good to go.My messy seat.Brittany Chang/InsiderThroughout the bus ride, the attendant checked on the passengers and offered us a selection of complimentary snacks, water, wine, beer, coffee, and soda. And at the end of the bus ride, she collected our trash.Snacks on the Jet.Brittany Chang/InsiderI don't drink soda, and I passed on the free booze (I was, after all, still working), but just having these options made the Jet feel more luxurious than an economy seat on a plane.The galley at the rear of the bus.Brittany Chang/InsiderWe were offered The Jet-branded blankets to use during the bus ride, but I was already bundled in a thick sweater, so I passed.The seats.Brittany Chang/InsiderThere's also a bathroom at the rear of the bus next to the attendant's galley. The clean bathroom — although smaller than Amtrak's — had the basics: a toilet, sink, mirror, and hand sanitizer.The bathroom.Brittany Chang/InsiderBut because it was freezing the night before, the bathroom pipes were frozen, putting the porcelain throne out of commission for the first half of the ride.The bathroom.Brittany Chang/InsiderLuckily our driver scheduled a quick bathroom stop halfway through the journey, which was perfect for a quick stretch.The Jet on a cold January morning during out bathroom stop.Brittany Chang/InsiderSnacks and a clean bathroom are great, but the Jet has an even stronger standout feature that sets it apart from any other luxury bus competitor or mode of travel: the motion-canceling "hoverseats."Inside the Jet.Brittany Chang/InsiderSource: Insider These seats are the Jet's pièce de résistance and its biggest draw.A reclined seat.Brittany Chang/InsiderThe seats use a suspension technology developed by Bose to block 90% of the bus ride's uncomfortable bumps and movements.The seats.Brittany Chang/InsiderThe tech can be more commonly found in the long-haul truck industry, making the Jet the "world's first" bus with motion-canceling seats, according to the company.Buttons to adjust the seating.Brittany Chang/InsiderSource: The Jet These seats made road traveling feel more like flying, but better.The seats.Brittany Chang/InsiderThe gel and memory foam seats are 22-inches wide and plusher than my couch at home.The seats.Brittany Chang/InsiderWhen my seat was fully reclined 45-degrees, I could have comfortably fallen asleep.A reclined seat.Brittany Chang/InsiderAnd because there's six feet between each row, I didn't have to worry about reclining too far.The seats at the front of the bus.Brittany Chang/InsiderLuckily, the seats' armrests have a built-in tray table, allowing me to lay back while tapping away on my laptop.The seats.Brittany Chang/InsiderBut unfortunately, I had to work, and couldn't take the nap I so longed for.Working on the Jet.Brittany Chang/InsiderThe coaches are equipped with the same WiFi used on Google and Facebook's employee shuttles, Scarborough previously explained.The galley at the rear of the bus.Brittany Chang/InsiderThe WiFi was no joke. It was reliable and the fastest I've ever used on a mode of transportation.The galley.Brittany Chang/InsiderAlmost every passenger was pattering away on their laptops during the bus ride, but I never encountered disruptions with the network, even when I was streaming music and videos.Inside the Jet.Brittany Chang/InsiderThe seats also have outlets that kept my laptop running throughout the entire journey.Working on the Jet.Brittany Chang/InsiderSo far so good, until around two hours into the ride. That's when I hit my first metaphorical bump in the road.The bathroom.Brittany Chang/InsiderThe motion-canceling seats did a great job of blocking the smaller bumps, but I could still feel the rocking motion of the bus. This was expected and would have otherwise been fine if I hadn't been staring at my laptop.The seats.Brittany Chang/InsiderThe longer I stared at the screen, the harder it became to read smaller blocks of text, a side effect that brought me back to my concussion four months ago.The galley at the rear of the bus.Brittany Chang/InsiderThe longer I worked, the worse my carsickness-induced nausea — a familiar feeling from stop-and-go traffic but never from long bus rides — became.The bathroom.Brittany Chang/InsiderThe headache, woozy uneasiness, and churning stomach made the remaining almost two hours more difficult to kill.The galley at the rear of the bus.Brittany Chang/InsiderBut when I looked around, most other passengers were still on their laptops and phones, a sign that nobody else was feeling as sick as I was.A view out the windows while we were still in Manhattan.Brittany Chang/InsiderFinally, after about five hours on the road, we arrived in DC at around 4 p.m. I quickly gathered my belongings, said my thank yous, and ran out to get some fresh air.The seats at the front of the bus.Brittany Chang/InsiderBut honestly, despite my carsickness, the Jet was the most comfortable intercity travel experience I've ever had (noting that I've never used a luxury bus service before).The Jet on a cold January morning.Brittany Chang/InsiderBoarding and departing the bus in an uncrowded outdoor area was an underrated luxury.The Jet on a cold January morning.Brittany Chang/InsiderIt seems like I'm not alone in enjoying the Jet.The galley at the rear of the bus.Brittany Chang/InsiderIn December, the startup averaged at above 70% ridership, peaking at 86% during the week of Thanksgiving, Scarborough told Insider in a statement.The bathroom.Brittany Chang/InsiderJanuary has been "slower" at around 40% ridership ahead of a mid-month weekend, but this is still above the company's initial projections.The bathroom.Brittany Chang/InsiderScarborough believes the Jet is "well-positioned" for the spring and summer travel boom.The galley at the rear of the bus.Brittany Chang/InsiderThe Jet ranges from almost $100 to up to almost $150. As of January 14, tickets for an 11 a.m. departure on Friday, January 28 start at $99.The galley at the rear of the bus.Brittany Chang/InsiderA business class ticket for Amtrak's Acela departing at 11 a.m. starts at $90, while a coach ticket for the 11:35 a.m. Northeast Regional sits at almost $50. It's also worth noting that an Amtrak on the same route is about one-and-a-half to two hours faster and won't have to stop for traffic or bathroom breaks.An Amtrak train pulls out of Union Station on Wednesday, April 7, 2021.Photo By Bill Clark/CQ-Roll Call, Inc via Getty ImagesSource: Amtrak Meanwhile, the cheapest 11:00 a.m. bus ticket (Flixbus) on the same day is a mere $18, making it about one-fifth as costly as a ticket for The Jet.A FlixBus at Nice International Airport in 2019.Eric Gaillard/ReutersSource: Wanderu If you're looking for luxury, the Jet may be your best choice. Though it's slower and more expensive, there's no arguing it's the most comfortable option.The galley.Brittany Chang/InsiderRead the original article on Business Insider.....»»
Should You Move While You Can, Or When You Must? Authored by Charles Hugh Smith via OfTwoMinds blog, This gives an extreme advantage to those few who move first, long before they must. The financial advantage for first movers is equally extreme. Moving is a difficult decision, so we hesitate. But when the window to do so closes, it's too late. We always think we have all the time in the world to ponder, calculate and explore, and then things change and the options we once had are gone for good. Moving to a new locale is difficult for those of us who are well-established in the place we call home. Add in a house we love, jobs/work, kids in school, a parent living with us and all the emotional attachments to friends, extended family, colleagues and favorite haunts, and for many (and likely most) people, moving is out of the question. Many of us have fond memories of moving when we were in our late teens or early 20s--everything we owned fit in the backseat and trunk of a beaten up old car, and off we went. Once you put down roots in a home, work/enterprise, schools, neighborhood and networks, it's a herculean task to move. Moving to another state or province isn't just a matter of the physical movement of possessions and buying / renting a new dwelling, itself an arduous process; the transfer of medical and auto insurance, finding new dentists and doctors, opening local bank/credit union accounts, obtaining local business licenses and a staggering list of institutions and enterprises that require an address change is complicated and time-consuming. Knowing this, I don't ask this question lightly: Should You Move While You Can, Or When You Must? The question is consequential because the window in which we still have options can slam shut with little warning. The origin of the question will be visible to those who have read my blog posts in 2021 on systemic fragility, our dependence on long, brittle supply chains, the vulnerabilities created by these dependencies and my polite (I hope) suggestions to fashion not just a Plan B for temporary disruptions but a Plan C for permanent disruptions. My new book Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States is a result of realities few are willing to face: the extreme inequality we now have in the U.S. leads to social collapse. That's the lesson of history. So to believe as if collapse is impossible is to ignore the evidence that social collapse is inevitable when inequality reaches extremes. Human and nature dynamics (HANDY): Modeling inequality and use of resources in the collapse or sustainability of societies. Social collapse has consequences, and so we have to ask: where do we want to be in the vast human herd when social order unravels? My new book also addresses the transition that's obvious but easily denied: we've transitioned from an era of abundance to an era of scarcity. There are many historical examples of what happens as scarcity diminishes living standards and puts increasing stress on individuals, families, communities and nations. There are ways to adapt to scarcity (that's the point of my book) but nation-states and the elites who run them are optimized for abundance, not scarcity, so they lack the means to adapt to scarcity. Their default setting to is keep pursuing a return to higher consumption ("growth") by increasingly extreme means--for example, printing trillions of dollars and giving it to wealthy elites and corporations, and printing additional trillions to give away as bread and circuses (stimulus) to the masses. There is no historical evidence that this vast, endless creation of currency is consequence-free or successful. This delusional pursuit of endless "growth" that is no longer possible due to resource depletion and soaring costs of extraction, transport, etc. also leads to collapse. This is the modern-day equivalent of squandering the last resources available on ever-more elaborate (and completely unproductive) temples in the hopes of appeasing the gods of "growth." As I also detail in the book, the status quo is fantastically wasteful and ineffective. It now takes 20-25 years to build a single bridge or tunnel, and each project is billions of dollars over budget, yet we're assured that the entire nation will seamlessly and painlessly transition away from hydrocarbon fuels to alternative energy in 20-25 years. Never mind that this would require building a new nuclear plant or equivalent every month for the next 20 years; skeptics are just naysayers. While a successful transition to a degrowth economy and society is certainly physically possible, the current status quo lacks the will, structure, leadership or desire to manage such a transition. While no one is entirely independent of long supply chains and energy-intensive industrial economies, the lower one's dependency and one's exposure to the risks of social disorder, the better off one will be. Put another way, the greater one's self-reliance and independence from global supply chains, the lower the impact should things break down. The closer one is to local sources of energy, fresh water, food, etc., the lower the likelihood of losing all access to these essentials. The wealthiest few hedge their risks by having one or more homes they can escape to if urban life breaks down. When risks rise, the wealthy start buying rural homes sight unseen for double the price locals paid a few months earlier. Here's the problem: roughly 81% of Americans live in urban zones (270 million people), and around 19% (60 million people) live in rural areas. About 31% of urban residents live in dense urban cores, about 25% live in suburban counties and the remaining 24% live in urban clusters and metropolitan areas--smaller cities, etc. Rural regions have plenty of land but relatively few dwellings due to the low population density. Much of the land is owned by government agencies, corporations or large landowners, so a relatively small percentage is available for housing. Many rural economies have stagnated for decades, so the housing stock has not grown by much and older homes have deteriorated due to being abandoned or poorly maintained. Few building contractors survived the stagnation and so finding crews to build a new home is also non-trivial. So when the wealthiest few rush out to buy second or third homes in desirable rural areas in Idaho, Montana, Utah, Colorado, North Carolina, etc., they find a very restricted supply of homes available. This generates a bidding war for the relatively few homes considered acceptable and prices skyrocket, pricing out locals who soon resent the wealthy newcomers' financial power and fear the inevitable rise of the political and commercial power their wealth can buy. (Cough, billgates, cough.) At present, few anticipate urban America becoming a dicey place to live and own a home. But inequality and the hollowing out of the economy by globalization and financialization has left cities entirely dependent on diesel fueled trucks to deliver virtually everything. This is also true of rural communities, of course, but some rural areas still produce energy and food, and given the lower population density, these communities are less dependent on global supply chains and are therefore more self-sufficient. Rural households have more opportunities to raise animals, grow vegetables, etc., and more opportunities to have supportive relationships with neighbors who actually produce something tangible and essential. Dependence is a matter of scale: if you can get by on 5 gallons of gasoline a month, you're much more likely to put your hands on enough fuel to get by than if you need a minimum of 50 gallons of fuel to survive. The same is true of food, fresh water and other essentials: the less you need, the more you supply yourself, the lower your vulnerability to supply disruptions. Lower population densities lend themselves to greater self-sufficiency / resilience and to community cohesion. Roving mobs are less likely to form simply because the low density makes such mobs difficult to assemble. As I explain in my book, social cohesion is a combination of civic virtue, shared purpose, agency (having a stake in the local economy and a say in decisions which affect everyone) and moral legitimacy, i.e. a community that isn't divided into a self-serving elite that owns the vast majority of the wealth, capital and political power and a relatively powerless majority (i.e. debt-serfs and tax donkeys). In my analysis, social cohesion in most urban zones has already eroded to the point of no return. The tattered remnants will crumble with one swift kick. The conventional view is the urban populace will continue to grow at the expense of rural regions, a trend that's been in place for hundreds of years. But this trend exactly parallels the rise of hydrocarbon energy. Large cities existed long before hydrocarbon energy, but these cities arose and fell depending on the availability of essential resources within reach. Imperial Rome, for example, likely had 1 million residents at the apex of its power, residents who were largely dependent on grain grown in North African colonies and shipped across the Mediterranean to Rome's port of Ostia. Once those wheat-exporting colonies were lost, Rome's population fell precipitously, reaching a nadir of perhaps 10,000 residents living amidst the ruins of a once great metropolis. More recently, economic and social shifts hollowed out many city cores in the 1970s as residents and jobs moved to the suburbs. A reversal of this trend in favor of small cities/towns and rural areas may already be gathering momentum under the radar. All this is abstract until the attractions of city living fade and economic vitality declines to the point of civic and financial bankruptcy. Cities have cycles of expansion, decay and decline just like societies and economies, and it behooves us to monitor the fragility, dependency and risk of the place we inhabit. At nadirs, homes and buildings that were once worth a fortune are abandoned, or their value drops to a fraction of its former value. Putting these dynamics together, the problem boils down to a systemic scarcity of housing in attractive, productive rural towns and regions and a massive oversupply of urban residents who may decide to move once urban zones unravel. Let's assume that a mere 5% of urban residents decamp for rural regions. Given that there are about 130 million households in the U.S. and 81% of that total is 105 million households, 5% is 5.25 million households. Given that the number of rural communities that have all the desirable characteristics is not that large, we can estimate that it might be difficult for even 500,000 urban households to relocate to their first choice, never mind 5 million. This gives an extreme advantage to those few who move first, long before they must. The financial advantage for first movers is equally extreme, as they can still sell their urban homes for a great deal more money than they will fetch once conditions deteriorate. (The value of homes can drop to zero, as Detroit has shown.) Those few who decide to join the early movers even though the difficulties are many have all the advantages. Those who wait until conditions slip off a cliff may find their once valuable home has lost most or all of its value and the communities they would have chosen are out of reach financially. Most people reckon they have plenty of time to act--decades, or at least many years. The problem with systemic fragility was aptly described by Seneca: "Increases are of sluggish growth but the way to ruin is rapid." My own expectation is a self-reinforcing unraveling that gathers momentum to breaking points by 2024-25, only a few years away. Rather than fix the systemic problems of inequality and scarcity, the status quo's expedient fixes (printing trillions out of thin air and hoping there will be no adverse consequences from distributing free money to financiers and bread and circuses) will only accelerate the unraveling. There may not be as much time as we think. New readers pondering these dynamics may find value in one of the more widely read of my essays, The Art of Survival, Taoism and the Warring States (June 27, 2008) which discusses the importance of being a helpful and productive member of a tight-knit community and the futility of having an isolated "bug-out" cabin as Plan C. The vista of solid ground stretching endlessly to the horizon may turn out to be a mirage, and the cliff edge is closer than we imagine. * * * This essay was first published as a weekly Musings Report sent exclusively to subscribers and patrons at the $5/month ($54/year) and higher level. Thank you, patrons and subscribers, for supporting my work and free website.. My new book is now available at a 20% discount this month: Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States (Kindle $8.95, print $20). If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com. Tyler Durden Sun, 01/16/2022 - 11:31.....»»
Best hybrid-work advice for managers, Google Cloud's latest compensation changes, and how to make passive income on Airbnb. Welcome back to Insider Weekly! I'm Matt Turner, editor in chief of business at Insider.Maybe the future of work isn't all that complicated.That's the message at the heart of Rebecca Knight and Shana Lebowitz's latest story encouraging managers to stop catastrophizing. Yes, we're two years into a pandemic, and much still seems to be up in the air. This latest Omicron wave has emphasized the state of uncertainty we've been living through. Much has been written about the challenges of retention, of mentorship, and of evolving a company's culture when many of us are communicating via video calls. But as Rebecca and Shana report, to build a successful hybrid workplace, you need trust, boundaries, flexibility — and not much else. Read on for a Q&A with them both.Also in this week's newsletter:Google Cloud just changed how it compensates salespeople for working with partners.An Airbnb "superhost" making $4,000 a month in passive income shares how to get started.A woman says she cofounded the $800 million fintech Petal — and is inching toward a trial.Let me know what you think of all our stories at email@example.com.Subscribe to Insider for access to all our investigations and features. New to the newsletter? Sign up here. Download our app for news on the go — click here for iOS and here for Android.How to make hybrid work … actually workAlyssa Powell/InsiderRebecca Knight and Shana Lebowitz share how employees are feeling about hybrid work — and what companies should do to make the model viable.Why are knowledge workers so interested in a hybrid-work format?Shana: In many cases, a hybrid model allows employees to be more productive and effective at their jobs. That's because they can choose the work environment that makes sense for the type of tasks they're doing. For example, they might opt to stay home on days when they're doing focused work and want to minimize distractions. But on days when they have a bunch of internal meetings, they might choose to come into the office to capitalize on opportunities for team bonding.Why are so many companies really struggling when it comes to executing a viable hybrid model?Shana: Many employers are approaching hybrid work as a free-for-all, giving people full discretion over where, when, and how they work. The problem here is that employees who come into the office regularly may benefit from "face time" with their managers and may therefore have an advantage over groups like caregivers and disabled workers, who are more likely to work from home. So the hybrid model winds up threatening inclusion, as opposed to increasing employee autonomy.What's the most interesting piece of advice for managers that you heard when working on this piece?Rebecca: The managers who are having the most success with hybrid, based on our reporting, are the ones who exhibit trust — full stop. They trust their employees' intentions, trust them to get their jobs done, and trust that they're committed to their organizations.What should employees expect next in the world of hybrid work?Rebecca: Expect messiness. Lots of companies are still trying to figure out how to make hybrid work work. There are going to be some false starts. Be willing to experiment and be patient. But don't be bashful about stating your preferences, too. Workers have more leverage today. Use it.Read the full analysis here: Managers, stop catastrophizing. To build a successful hybrid workplace, you need trust, boundaries, flexibility — and not much else.Google Cloud changed how salespeople are compensatedGoogleGoogle Cloud is walking back a key part of its sales-compensation structure, which used to compensate salespeople equally for selling its own products and those from partners. Now, the company has introduced a 30% cap on how much selling a partner's product via the company's marketplace will count toward a salesperson's quota.Here's what insiders told us about the changes.How to start an AirbnbGenesis HinckleyGenesis Hinckley, a policy product specialist at Google, runs an Airbnb with her husband in Colorado. Between cleaning and answering messages, they put in about 10 hours of work a month — and bring home about $4,000 a month, or $35,000 a year, in passive income. Hinckley shared her advice for starting an Airbnb, from choosing the right property to "Airbnb-ifying" the home. Read the rest of her advice.An entrepreneur says she cofounded PetalCassandra Shih, an entrepreneur who claims to have co-created the fintech start-up Petal in 2015.Cassandra ShihThe entrepreneur Cassandra Shih said she cofounded Petal, an $800 million fintech backed by Peter Thiel's Valar Ventures. Shih said she had written evidence to prove her case — including an email in which one cofounder called her "this chick I banged a few months ago who came up with the idea."If the company had been split 50-50, as she claims it should have been, her claim could amount to hundreds of millions of dollars.Inside her lawsuit against Petal.More of this week's top reads:It's possible to start with only $5,000 and end up owning 207 cash-flowing properties — just look at Matthew Tortoriello's portfolio.Wall Street banks are gearing up for a massive bonus season. Here's when each of the big players will tell employees how much they made.Amazon's slow vesting period has pushed staffers out of the company. Now, the giant is changing its stock-distribution policies.According to leaked documents, the ghost-kitchen startup Reef is closing down about one-third of its kitchens.Thousands of dollars in tips in a night? This is what it's like to work as a Las Vegas bottle girl.Cannabis startups are drawing the attention of investment firms — and their money. Here are the top 14 putting millions into the sector.Event invite: Join us on January 25 at 12 p.m. ET for "Multi-Cloud Powers the Future of IT," sponsored by Dell Technologies, to learn how innovative businesses are leveraging multicloud technology. Register here.Compiled with help from Jordan Parker Erb and Phil Rosen.Read the original article on Business Insider.....»»
2 reasons why now is not the time to buy the dip in beaten-down innovation stocks championed by Ark Invest, according to DataTrek
"We don't think we are in a market that is ready to cycle back into speculative tech," DataTrek Research co-founder Nicholas Colas said. Spencer Platt/Getty ImagesInvestors shouldn't buy the dip in disruptive innovation stocks, according to DataTrek Research.The steep decline in speculative tech names is akin to the meltdown after the dot-com bubble in the 2000s."We don't think we are in a market that is ready to cycle back into speculative tech," DataTrek said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The steep decline in speculative stocks championed by Ark Invest's Cathie Wood doesn't yet represent an opportunity for investors to buy the dip, according to a Friday note from DataTrek Research.Ark Invest's flagship fund has fallen 50% from its record high, with some of its top holdings like Teladoc and Zoom Video down 74% and 64%, respectively. The decline has led to Ark's fund losing $14 billion in assets under management, while the Short ARK ETF has seen a surge in both performance and assets. The carnage in disruptive innovation, clean energy, and Chinese tech stocks might remind some investors of the unwind of the 2000 dot-com bubble, in which the Nasdaq ultimately plummeted 80% from its record, the note said. But despite the destruction in smaller tech names, the broader Nasdaq 100 index is still down less than 10% from its recent high."Regardless of how rough markets get in 2022, we do not expect the NASDAQ to melt down the way it did in 2000 to 2002. The companies in the index are an order of magnitude better than what we had on offer in the 1990s," DataTrek Research co-founder Nicholas Colas explained.Still, that doesn't mean investors should rush to buy the new lows made in beaten-down tech stocks. He listed two big reasons:"First, we never recommend [buying] 52-week lows. Better to wait for prices to stabilize," Colas said. The iShares Clean Energy ETF and ARK's Disruptive Innovation ETF both traded to new 52-week lows on Friday."Second, we don't think we are in a market that is ready to cycle back into speculative tech names. The narrative has changed to old-school cyclicals," he added.That shift has occurred thanks to a more hawkish Fed that is keen on raising interest rates and reducing its balance sheet to tame inflation. Such a monetary recipe hasn't historically been rewarding for barely profitable speculative growth companies."Bottom line: while we love disruptive innovation, we also believe in respecting price action. And, at the moment, respect trumps love by a wide margin," Colas concluded.Read the original article on Business Insider.....»»
Rhodes Scholar who went to a $30k-a-year private school is accused of faking poverty to win a place at Oxford University, report says
A tip-off email included images of Mackenzie Fierceton sky-diving and riding a horse from the yearbook of her expensive private school, per reports. The Radcliffe Camera at Oxford University, England.Getty Images A 24-year-old Rhodes Scholar has left the prestigious program after being accused of lying about growing up poor, reports say. Mackenzie Fierceton described herself as s a "queer, first-generation, low-income" student, per The Times. But according to reports, she attended a $29,875-a-year private school. A 24-year-old Missouri woman who won a prestigious Rhodes Scholarship to study at Oxford University has left the program following accusations that she misrepresented her life experience on her application form about being poor, according to The Times.Mackenzie Fierceton described herself as a "queer, first generation [to go to college], low-income" student at the University of Pennsylvania, The Times reported. She also claimed to have grown up in the foster care system in an interview published by The Philadelphia Inquirer after she was named as a recipient of the scholarship in November 2020.The prestigious Rhodes Scholarship, which takes on 32 US students a year, is the oldest graduate scholarship in the world. It counts former President Bill Clinton and US Secretary of Transportation Pete Buttigieg among its recipients.But an anonymous tip-off to the University of Pennsylvania in response to that glowing Inquirer article led to questions as to whether she deserved to be listed among the distinguished past scholars.The tip-off alleged that Fierceton had, in reality, enjoyed a privileged upbringing. According to an investigative report by Tom Bartlett of The Chronicle of Higher Education, the email said that Fierceton used to go by Mackenzie Morrison and had lived in an affluent suburb in St Louis, Missouri while attending the $29,875-a-year Whitfield private school.It also said that her mother was a college-educated radiologist, per The Chronicle.A similar email to the Rhodes Trust described Fierceton as being "blatantly dishonest in the representation of her childhood," and included images of her in the private school's yearbook of her skydiving and riding a horse, The Chronicle said.An investigation was launched into her application, led by a Rhodes Trust committee, and found that she had spent less than a year in foster care as a 17-year-old, the newspaper reported.Fierceton was placed into foster care in 2014 after she accused her mother of pushing her down the stairs in their $750,000 home, The Times said. According to the Chronicle, she also spent time in hospital after the incident. Charges against her mother, who denies this happened, were dropped due to lack of evidence, according to the newspaper.The committee said that evidence showed that Fierceton had "created and repeatedly shared false narratives about herself" and used these "misrepresentations" to "serve her interests as an applicant for competitive" academic programs, The Chronicle reported. It recommended that her scholarship be rescinded, but Fierceton reportedly withdrew from it herself.University students walking on pedestrian road , near University of Pennsylvania, Philadelphia, USAStock Photo/Getty ImagesThe University of Pennsylvania conducted a follow-up report and also concluded that Fiercton had not been honest about her background. The university is withholding her master's degree pending the final outcome of its disciplinary process, The Chronicle said.According to The Times, Fierceton claims that she did not lie on her application and that the Rhodes Trust is targeting a "survivor" of abuse. She filed a lawsuit last month accusing her university and investigators of the trust of victimizing her, the newspaper reported.Supporters at the University of Pennsylvania say Fierceton is the victim of an injustice. Anne Norton, a professor of political science and comparative literature, allowed the student to live in her house during the pandemic. "The worst you can say about her is that retrospectively she exaggerated her injuries," Norton told The Chronicle. "Injuries that nevertheless kept her in the hospital for a long time and resulted in her being placed in foster care."Norton wrote in a letter to Rhodes: "The idea that she has been dishonest about her experience of foster care or her economic status is not consistent with her character, nor is it in accord with the evidence," per The Chronicle.Fierceton could not be reached for comment.Read the original article on Business Insider.....»»