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Thread: Corona
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03-18-2020, 03:14 PM #361
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03-19-2020, 08:22 AM #362
Totally this. And if American big businesses fail, they may be bought by foreign investors, or conglomerated with foreign businesses.
Vaccines are tough. One of the reasons it takes so long (other than priorities) is that they rarely get it right on the first try. Their first few attempts are likely to be unsuccessful at finding something effective. Although MAYBE, if they have a good genetic map of the virus, they may be able to compare it with known viruses for which successful vaccines do exist, and tweak appropriately. I'm very glad genetic engineering exists.
Seriously though, as I said, a vaccine is probably harder to find than a cure. I think even just finding a way to keep sick people out of hospitals would be a great achievement. Then it would be more like a regular flu and we can stop wrecking the economy with shelter in place.
BTW did you folks see our supreme leader.. I mean our governor Gavin Newsom said he's ready to bring on martial law? Gawd forbid California should let an emergency go to waste! But why am I even surprised, CA voted in block for Bernie Sanders, he of the "but tyrants and dictators also do good things".Follow my 2018 competition prep here:
https://forum.bodybuilding.com/showthread.php?t=175566421&p=1547462721#post1547462721
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03-19-2020, 09:04 AM #363Air Force Veteran 1976 - 1999 - Cannabis Enthusiast since the 1960's
Retired at 40 Crew - Social distancing expert - Living the Dream
I use the gender neutral pronouns "Fukker/Fukkers" a lot.
****** I don't always agree with the memes I post ******
I tell it like it is, if you want smoke blown up your ass or something sugar coated. I suggest you get a Hooker and a powdered donut.
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03-19-2020, 09:18 AM #364
https://www.businessinsider.com/mala...20-3?r=US&IR=T
Would be really *&*&^% useful if this did wok out!!
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03-19-2020, 09:20 AM #365
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03-19-2020, 09:23 AM #366
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03-19-2020, 04:06 PM #367
Chairman of the Senate Intelligence Committee Richard Burr sold up to $1.5 million in stocks in early February, while assuring the public that the U.S. was prepared to take on the coronavirus. That includes investments in several hotel companies that lost much of their value due to the coronavirus outbreak.
https://www.opensecrets.org/news/202...navirus-031920"it's likely one of us will have to spend some days alone"
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03-19-2020, 06:09 PM #368
The Daily Beast: Republican Sen. Kelly Loeffler sold off seven figures worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus.
"One of Senator Loeffler’s two PURCHASES was stock worth between $100,000 and $250,000 in Citrix, a technology company that offers teleworking software and which has seen a small bump in its stock price since Loeffler bought in as a result of coronavirus-induced market turmoil."
https://www.thedailybeast.com/sen-ke...efing?ref=wrap"it's likely one of us will have to spend some days alone"
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03-19-2020, 06:24 PM #369
He is not the only Senator in history that has participated in possible insider trading.
What is odd, is that insider trading was legal for members of Congress up to 2012, when Obama made it illegal for Congress. Before that, it was not uncommon for members of Congress to participate in insider trading.
Nevertheless, Ms. Leoffler is in serious trouble from this very dumb move.Helping one person may not change the world, but it could change the world for one person.
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03-19-2020, 06:38 PM #370
Agreed, but from the article I posted above not only did he have non-public information that this was worse than expected, but he lied to the public saying all was well while privately dumping stock.
Around the time that Burr sold his shares of major corporations, including several hard hit hotel companies, he publicly expressed confidence about the U.S. government’s ability to fight the virus. However in late February, Burr privately warned that the virus is “much more aggressive in its transmission than anything that we have seen in recent history,” according to a recording obtained by NPR...
In a Feb. 7 opinion piece for Fox News, Burr and Sen. Lamar Alexander (R-Tenn.) wrote that the U.S. is “is better prepared than ever before” to deal with a health crisis like the coronavirus.
He's the chairman of the Senate Intelligence Committee, with access to a wealth of privileged information regarding the global spread of COVID-19 and our country's state of preparedness. He serves at the behest of the American people and his job is to use this intelligence to protect and warn the country against threats, including this one.
In public, he was toeing the party line that America was ready for COVID-19 and everything would be fine. In private, he was selling his stocks and warning his wealthy donors of a new pandemic on the scale of the 1918 Spanish flu."it's likely one of us will have to spend some days alone"
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03-19-2020, 06:53 PM #371
My typo, Kelly Loeffler is a she. Richard Burr also was accused of selling off upward of $1.6 million in personal stocks based on inside information he had from his post on the Senate Intelligence Committee.
Oh, I agree, it is bad and both Loeffler and Burr should resign immediately and prosecuted.
How they thought they could get away with it is mind boggling. The SEC can almost read minds.Helping one person may not change the world, but it could change the world for one person.
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03-20-2020, 12:33 AM #372
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03-20-2020, 02:38 AM #373
Swedish Central Bank emergency loan package "meant" for small business/society of 500 billion SEK - 80% of it apparently goes to the largest banks at 0% interest. These banks only incur a penalty of 0.2% interest if they don't lend it out to small businesses. In other words they will just paper trade amongst each other and eat that 0.2% fee, and small business/society etc will never see any of that money "meant" for them. Strong everything.
And as confirmed by themselves, this money was created with a few presses of a button out of thin air, making what is in the wallet of regular people worth just a little less. But I guess that's how things have worked for a long time.Last edited by steffo99; 03-20-2020 at 02:45 AM.
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03-20-2020, 02:53 AM #374
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03-20-2020, 05:44 AM #375
More news on stock dumping:
Dianne Feinstein, 3 Senate colleagues sold off stocks before coronavirus crash: reports
Sen. Dianne Feinstein of California and three of her Senate colleagues sold off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.
The data is listed on a U.S. Senate website containing financial disclosures from Senate members.
Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported.....
https://www.foxnews.com/politics/dia...-crash-reportsHelping one person may not change the world, but it could change the world for one person.
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03-20-2020, 05:55 AM #376
- Join Date: Jul 2011
- Location: New York, United States
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I have almost no issues with anyone moving in/out of the market. The issue is IF they have insider info and IF they are in a position to influence the market (and do so). Did Richard Burr of North Carolina, Kelly Loeffler of Georgia, James Inhofe of Oklahoma, and Dianne Feinstein of Cali do any of that? From what I can tell from limited reading of this is that Burr did. The others I can't seem to find info that they did anything nefarious.
https://www.foxnews.com/media/tucker...sale-or-resign
On a side note - did anyone catch the Fed rule change about being able to buy equities now? If I'm understanding this change our government can now buy/hold coimpany equities and take them as collateral for no interest loans.☻/
/▌
/ \ Don't care what you do crew.
Former natty ☠ 101- lift heavy things consistently over time as often as you can recover from.
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03-20-2020, 06:33 AM #377
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03-20-2020, 06:37 AM #378
All 4 should face serious penalties, we can't have the senate creating and breaking laws.
oh and Shaq is a funny dude
https://www.totalprosports.com/2020/...himself-video/Last edited by x-trainer ben; 03-20-2020 at 06:52 AM.
There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
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03-20-2020, 07:19 AM #379
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03-20-2020, 03:00 PM #380
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03-20-2020, 03:03 PM #381
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03-20-2020, 04:24 PM #382
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03-20-2020, 05:19 PM #383
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03-20-2020, 05:33 PM #384
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03-20-2020, 05:55 PM #385
And those are the ones that are actually known.
I found out that the death near me was at an assisted living facility and he was over 80 years old, but had not been anywhere. Shows that he likely contracted it by community spreading. So, over a little time, there could be more infections.Helping one person may not change the world, but it could change the world for one person.
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03-20-2020, 06:00 PM #386
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03-20-2020, 06:02 PM #387
The warnings from U.S. intelligence agencies increased in volume toward the end of January and into early February. By then, a MAJORITY of the reporting included in daily briefing papers and digests from the DNI and CIA were about the coronavirus.
The intelligence reports didn’t predict when the virus might land on U.S. shores or recommend particular steps that public health officials should take, issues outside the purview of the intelligence agencies. But they did track the spread of the virus in China, and later in other countries, and warned that Chinese officials appeared to be minimizing the severity of the outbreak.
Taken together, the reports and warnings painted an early picture of a virus that showed the characteristics of a globe-encircling pandemic that could require governments to take swift actions to contain it. But despite that constant flow of reporting, Trump continued publicly and privately to play down the threat the virus posed to Americans. Lawmakers, too, did not grapple with the virus in earnest until this month, as officials scrambled to keep citizens in their homes and hospitals braced for a surge in patients suffering from covid-19, the disease caused by the coronavirus."it's likely one of us will have to spend some days alone"
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03-20-2020, 06:06 PM #388
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03-20-2020, 07:46 PM #389
Where would Biden and Sanders have taken us?
A previously unreported detail concerning President Donald Trump’s decision to ban travel from China reveals Trump’s strong leadership in the early days of the coronavirus pandemic and exposes the risk this country would face if Joe Biden or Bernie Sanders were our commander in chief.
On Jan. 31, 2020, the Trump administration announced that foreign nationals who had traveled to China in the past 14 days would be denied entry into the United States. At the time, the virus — which originated in the Wuhan province — had begun to spread uncontrollably throughout the communist nation. Trump’s China travel ban reduced arrivals from the hotspot to the United States by 90 percent and “prevent[ed] more cases from China coming into the United States.”
Since then, most medical experts, as well as ordinary Americans, have viewed Trump’s prophylactic travel ban from China as a life-saving decision that slowed the spread of the Wuhan virus in the United States. But few realize that Trump’s call was a tough one that went against the bureaucratic academic models crafted to help inform his decision.
https://thefederalist.com/2020/03/19...ike-trump-did/Well meaning, elderly man with a poor memory...pause
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03-20-2020, 09:22 PM #390
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