Categories
Intelwars

RED ALERT

LISTEN,

CAREFULLY…

TWICE.

DOWNLOAD

SHARE.

Share
Categories
Intelwars

Meet The Crypto Billionaire That Wants To Make Stock Trading 24 Hours A Day

Meet The Crypto Billionaire That Wants To Make Stock Trading 24 Hours A Day

29 year old billionaire Sam Bankman-Fried was fed up with how crypto traded, so he did something about it: he started his own crypto exchange, FTX, which now processes $10.7 billion in trades per day. 

His exchange lets people not only trade equities 24 hours a day, but also bet on props like whether or not Donald Trump will retake the presidency in 2024, according to a recent profile by the Wall Street Journal. It became popular due to Bankman-Fried’s commitment to donating 1% of its revenue to charity – and keeping the exchange reliable. 

Recently, FTX made news when it bought the naming rights to the former American Airlines Arena – the home of the Miami Heat – for $135 million. The offshore exchange is “far more exciting” than Coinbase to many crypto traders because it operates outside the reach of U.S. authorities and offers both cryptos and derivatives.

It was the first to offer tokenized stocks, which allows people to track the value of shares of companies like Tesla and GameStop outside of regular trading hours. These tokenized stocks are still only a small market, but crypto fans see them as a way to break stocks free of normal trading hours.

Bankman-Fried is hopeful regulators eventually allow his products: “Nothing operates 9:30 a.m. to 4 p.m., five days a week. There’s actually a lot of room to innovate in stock exchanges.”

Skeptics point out that, not unlike crypto itself, the products are new and should be taken with a grain of serious salt. Lee Reiners, executive director of the Global Financial Markets Center at Duke University, said: “These are very novel and complex instruments. These things are destined to blow up at some point, and then FTX will be in the hothouse with regulators and law enforcement.”

FTX’s tokens can “be redeemed for the actual underlying shares at a regulated German investment firm, CM-Equity AG, which helps keep the price of the tokens in line with the actual stocks,” the Journal reports. 

Rich Rosenblum, president of GSR, a crypto trading firm, said of FTX: “They’ve certainly pushed the envelope in terms of products and the speed with which they’ve been able to launch products.” 

If they were to trade in the U.S., there’s a high chance they would be regulated by the SEC. Since the exchange is overseas, it isn’t beholden to U.S. regulations yet. 

However, this doesn’t mean it won’t eventually be. The Journal points out that last October, “federal prosecutors charged the founders of BitMEX, another offshore crypto exchange, with violating anti-money-laundering laws because of its failure to register with U.S. regulations while allegedly turning a blind eye to Americans using its platform.”

It’s tough not to think FTX could be subjected to similar scrutiny. 

FTX says it has processed $10.7 billion in trades on an average day, which makes it one of the world’s top crypto exchanges. Coinbase, for comparison, has handled about $2.6 billion in daily trades this month – but doesn’t offer derivatives.

FTX has made Bankman-Fried one of the world’s richest people, with an estimated net worth of $8.7 billion, much of which is made up of his stake in FTX and various tokens. 

The 29 year old formerly studied physics at MIT and almost wound up with a career in academia. He launched his own crypto firm, Alameda Research, in 2017 during the early stages of the bitcoin boom. His wealth has allowed him to support organizations like OpenAI, which focuses making sure AI stays an asset – and not a threat – to the human race. 

He also donated to President Biden’s campaign. He said of the current President: “I’d love to talk to him about crypto regulation. But I don’t think he gives a shit.”

Tyler Durden
Sun, 04/18/2021 – 19:55

Share
Categories
Body slam Fail video Intelwars Robbery fail Squeal like a pig Twitter videos viral videos

Viral video shows armed robbery goes horribly wrong for bad guy as he runs away squealing like a pig

There is a video going viral on social media this weekend of an armed robbery that thankfully goes horribly wrong for the criminal. In the failed robbery video, the aggressor goes from tough guy to a crying baby running back to his mommy in eight seconds flat.

The video was uploaded to Reddit on Friday in the “Public Freakout” subreddit that has over 3.2 million members. The video is titled “Armed robbery in San Leandro, CA doesn’t go as planned.” The video made it’s way to social media platforms, where it racked up millions of views.

The robbery fail shows what looks to be a young teen running toward another person in the street. In broad daylight, the teen pulls out a gun to rob the pedestrian. With his arms extended, the teen points the gun directly at the victim, who then quickly turns the tables.

The person getting robbed lands some lightning-quick punches on the teen, then locks him up with a mighty bear hug. The prey suddenly becomes the predator as he furiously bodyslams the armed robber to the pavement, jarring the firearm loose from his hand.

What happens next? The big bad tough guy with a gun gets pinned to the ground and starts high-pitched squealing like a pig. Not figuratively squealing like a pig. Literally squealing like a pig in a way that no normal human should be able to do. Then he runs away in fear.

Chalk one up for the good guys.

The video was shared on Twitter by Loni Love, an Emmy and NAACP Image Award-winning comedian and celebrity host.

Share
Categories
Intelwars

Have Chinese State Banks Quietly Bought $180 Billion In Gold?

Have Chinese State Banks Quietly Bought $180 Billion In Gold?

By Ye Xie, Bloomberg Live commentator and author

Three things we learned last week:

1. U.S. Treasury scrutinizes Chinese state banks for possible hidden currency intervention

While Janet Yellen’s Treasury Department refrained from labeling China as a currency manipulator in its semi-annual currency report, it again zeroed in on the role of Chinese state banks in the foreign-exchange market. It noted that China’s net foreign exchange settlement, which it considers a more comprehensive proxy for intervention because it includes the activities of China’s state-owned banks, surged to about $180 billion last year. But the PBOC’s foreign exchange assets, which historically track the settlement data, stayed flat.

The Treasury cautioned that it’s not clear what’s driving the unusual divergence between the two data sets, which used to provide roughly similar estimates of the direction and size of China’s currency intervention. While acknowledging that the difference could be due to commercial reasons, it’s also possible that these banks intervened on behalf of the PBOC to cover the central bank’s tracks, the Treasury said (ZH: or, it is the case that China has been stealthily accumulating some $180 billion in gold, as discussed last Friday in “Beijing Greenlights Purchases Of Billions In Bullion“).

“Overall, this development highlights the need for China to improve transparency regarding its foreign exchange intervention activities,” the Treasury Department wrote in a report released Friday. “Compared to other major economies, especially in Asia, China is increasingly an outlier with respect to its non-disclosure of foreign exchange market intervention.”

The Treasury raised similar concerns in its previous report. This won’t be the last time we hear about the issue.

2. Besieged Huarong got some reprieve

Dollar bonds of China Huarong Asset Management Co. rallied after financial regulators sought to ease investors’ concerns that the nation’s largest bad-debt manager may be heading for default. Huarong’s operations are normal and the company has ample liquidity, the China Banking and Insurance Regulatory Commission said Friday. Chinese regulators asked banks not to withhold loans to help stabilize to Huarong’s cash flow, Reuters reported, citing people familiar with the matter.

It’s clear that Beijing wants to keep Huarong from becoming China’s “Lehman moment”, even as it works to remove the perception of a blanket guarantee supporting state-owned companies.

The uncertainties remain, with Huarong’s perpetual bonds trading at about 73 cents on the dollar. But so far, the contagion has been limited as the domestic funding market remains calm.

3. Global growth is accelerating

China’s economy strengthened in the first quarter as consumer spending rose more than expected. In the U.S., economic data from retail sales to manufacturing surveys also surged. In Europe, vaccine rollouts are starting to speed up. Meanwhile, bond yields remain contained as traders have pared back their expectations for central bank hikes.
No wonder global stocks keep smashing records.

Tyler Durden
Sun, 04/18/2021 – 19:30

Share
Categories
Intelwars

Former Temple Business School Dean Charged Federally For Manipulating School Ranking Data

Former Temple Business School Dean Charged Federally For Manipulating School Ranking Data

The former dean of Temple’s Fox School of Business is being charged with federal crimes after being ousted due to an investigation that found the school “manipulated data” to become the number one ranked MBA program in the country.

Former dean Moshe Porat was indicted on one count each of conspiracy and wire fraud, according to NBC Philadelphia. His lawyer “vigorously” denied the charges. 

Isaac Gottlieb, a statistics professor, and Marjorie O’Neill, who submitted data to magazines that rank college programs, were also named in the indictment, according to the report. 

Temple’s online MBA had been ranked top in the nation by U.S. News and World Report since 2015. The university stayed at the top of the list for 3 years after that and used its ranking to attract students and win donations. 

Porat allegedly hand picked a small group of employees to focus on the rankings, including stat professor Gottleib, who was also to reverse engineer the magazine’s ranking criteria. Porat appointed O’Neill as the sole liaison between the university and the magazine. 

The indictment “claims Fox manipulated data in its part-time MBA program, conflating its data with other programs to drive better rankings,” NBC reported.

U.S. News called out Temple’s online MBA data and stripped the school of its ranking. Temple was then forced to pay the U.S. Department of Education $700,000 and later settled a class action suit by offering $250,000 in scholarships.

Temple called Porat the “mastermind” of the fraud and asked him to resign. 

Attorney Carolyn P. Short wrote in court papers: “He conceived it, controlled it and kept it hidden, only to try later to cover it up. M. Moshe Porat bears personal responsibility for the Fox School’s intentional submission of false ranking data.”

Porat says he is being used as a scapegoat by Temple. His lawyer commented: “We are disappointed that, after cooperating with the government in its investigation, the United States Attorney’s Office decided to bring these charges, which Dr. Porat vigorously denies.”

“Dr. Porat dedicated forty years of his life to serving Temple University, first as a faculty member, and ultimately as Dean of the Fox Business School, and he did so with distinction. He looks forward to defending himself against these charges and to clearing his name,” the statement continued.

The kicker? Porat is still a tenured professor at the university and is making $316,000 per year. He hasn’t taught a class or published research since 2018. 

Tyler Durden
Sun, 04/18/2021 – 19:05

Share
Categories
Adam toledo chicago Intelwars james murphy police shooting

Chicago prosecutor put on leave after telling judge 13-year-old Adam Toledo was armed when police shot him

A Chicago prosecutor was suspended on Friday after he allegedly “failed to fully present the facts” regarding the death of 13-year-old Adam Toledo.

What is the background?

In the early morning hours on March 29, Chicago police officers responded to the Little Village neighborhood after reports of shots fired. Officers encountered Toledo and then-21-year-old Ruben Roman, both of whom allegedly attempted to flee, CBS News reported.

The Civilian Office of Police Accountability, a police watchdog, released bodycam footage last week showing what led up to Toledo’s death.

The footage shows police tackled Roman, while another officer pursued Toledo. The teenager then stopped, turned toward the officer, who yelled, “Show me your f***ing hands,” and then “Drop it!” before firing at Toledo.

According to WGN-TV, Toledo “appears to have dropped a gun and raised his hands just before a Chicago police officer fatally shot him.”

The Chicago Sun-Times similarly reported that one angle of bodycam footage doesn’t show Toledo “throwing away the gun, and the boy doesn’t appear to be holding a weapon in his raised hands…but another video shows him apparently throwing something through a gap in the fence to the other side — and a video shows an officer discovering a handgun there.”

What happened with the prosecutor?

Assistant State’s Attorney James Murphy was placed on paid administrative leave Friday after telling Judge Susana Ortiz that Toledo was holding a gun when police shot him, according to the Chicago Sun-Times.

“In court last week, an attorney in our office failed to fully present the facts surrounding the death of a 13-year-old boy,” a spokeswoman for State’s Attorney Kim Foxx said. “We have put that individual on leave and are conducting an internal investigation into the matter.”

Murphy’s comments were made during a bond hearing for Roman.

“The officer tells [Adam] to drop it as [Adam] turns towards the officer. [Adam] has a gun in his right hand,” Murphy told Judge Ortiz. “The officer fires one shot at [Adam], striking him in the chest. The gun that [Adam] was holding landed against the fence a few feet away.”

More from the Sun-Times:

On Friday, [Foxx spokeswoman Sarah] Sinovic told the Sun-Times that not all of the footage released the day before was available to Murphy when he read the statement during Ruben’s bond hearing, but declined to say what footage was available to the office at that time and who in the state’s attorney’s office had seen it.

“It’s still under investigation what videos were available to [Murphy],” Sinovic said. “We’re still trying to figure out what he had access to when he made the statements in court.”

Foxx reportedly said in a letter, “For many of you it may have been jarring to see our statement regarding this matter. It is indeed a rarity to see the Office make such a public statement related to the actions of an [assistant state’s attorney]. It was not done lightly.”

Share
Categories
Intelwars

Biden Blames Russia For The Exact Same “Interference” That US Corporate Media Is Guilty Of

Biden Blames Russia For The Exact Same “Interference” That US Corporate Media Is Guilty Of

Authored by Michael Tracey via substack,

Deliberately vague weasel-word terms like “election interference” and/or “influence” gained such purchase in the past four-to-five years for a simple reason: the deliberate vagueness allowed people in power — elected officials, pundits, Intelligence Community functionaries — to claim unspecified expertise on a supposedly emerging range of threats.

The threats were portrayed as particularly scary because of their alleged potential to Undermine Our Democracy. Consequently, these power-wielding people acquired a potent tool in their arsenal to accuse political enemies, whether foreign or domestic, of contributing to the proliferation of new and scary threats. The accusations were so deliberately vague that it was almost impossible to ever rebut them; sometimes even retweeting a meme was sufficient to be implicated in a foreign plot to destroy the very foundations of America. If an act so trivial as clicking one’s mouse on a social media post could be spun as abetting a foreign-backed “interference” or “influence” scheme, then that created an endless number of booby-traps for you to walk into.

So there was nothing new about the suite of anti-Russia charges promulgated Thursday by the US federal government, and parroted as usual with maximum credulity across the US media ecosystem. The charges were again predicated on the idea that Russian “interference” and/or “influence” is an extremely foreboding test for the survival of US Democracy. Taking bold action, the Treasury Department levied sanctions against a bunch more Russians for their claimed nefarious behavior in carrying out this interference/influence — a fulfillment of Joe Biden’s oft-stated campaign pledge that under his watch, Russia would finally “pay a price” for allegedly engaging in such activities. Donald Trump, it was thought, had been appallingly lax in his resolve to confront this threat; now, a new sheriff is in town.

Leaving aside the question of whether it’s prudent to assume that Janet Yellen is suddenly in possession of a foolproof methodology for attributing the provenance of “cyber operations” to specific foreign individuals and nation-states, it’s worth emphasizing what exactly is being alleged in the statement. The Treasury Department document reads: “Outlets operated by Russian Intelligence Services focus on divisive issues in the United States, denigrate US political candidates, and disseminate false and misleading information.” 

Noting that these same characteristics could be just as easily applied to US corporate media outlets is so blindingly self-evident as to almost be redundant. Were there not “outlets” during the 2020 election that were “focused” on “denigrating” Donald Trump? Or for that matter, Joe Biden? Do “divisive issues” not tend to be “focused on” by these same outlets as a basic precept of their core business model?

Controversy = clicks/views, which equals revenue.

Everyone knows this.

Yet when scary Russian outlets are said to employ this same logic in their own content-production enterprises, it magically becomes dangerous enough to justify all manner of punitive government and corporate action. Including but not limited to: censorship purges, tighter regulation of online speech, and, as Biden announced Thursday, sanctions and expulsion of diplomats. “Disseminating false and misleading information”? The entire US media just got caught “disseminating” a fake story about Russians putting bounties on the heads of US soldiers in Afghanistan. If you’re truly concerned about the dissemination of “false and misleading information” having deleterious effects on the health of US political culture, your first target should be CNN.

One of these supposedly-scary Russian “outlets” identified by the Treasury Department is the website SouthFront. (Gee, way to give them far more publicity than they could’ve possibly generated on their own. I’m sure more than .001% of Americans had heard of this obscure website before this week.) SouthFront is alleged to have committed the grave crime of having “sought to promote perceptions of voter fraud” after the 2020 election. I wrote extensively at the time about how the “perceptions of voter fraud” promoted by Trump and his media allies were mostly ill-founded, overblown, and illogical, and it’s true that consumers of fraud-obsessed media coverage often became more-than-a-little deranged. But that’s not the point: the point is whether or not promoting these theories constitutes some sort of terrifying “interference” that requires a forceful punitive response. In which case, the entirety of US right-wing media could be deemed as complicit, requiring vast state-backed retaliation (which may well be the long-term goal). Promoting ill-founded perceptions of political events might be bad, but it doesn’t generally rise to the level of Democracy-Threatening Existential Crisis unless you have some other motivation for raising it to that level.

In any event, Biden declared a “national emergency” with respect to this vague threat, on the ground that Russia had violated the “sacred” nature of US presidential elections by way of these website postings — even though the criteria invoked would apply to an infinitely wide array of US “outlets” that do exactly the same thing. Nonetheless, it’s henceforth an “emergency” to be on the lookout for irrelevant amateur websites like SouthFront. (Aside: Does anyone really view as “sacred” America’s multi-year presidential election rituals, into which billions of unregulated dollars are poured? Most Normies seem to be actively disdainful of presidential election melodrama and the attention/resources these rituals consume, rather than worshipful of their “sacredness.”)

In his remarks, Biden also introduced what is possibly an even vaguer term than “interference” or “influence” to describe this horrifyingly ever-present threat: Russia, he alleged, was guilty of “engagement in our elections.” And again, this “engagement” was said to consist of Russian Government-backed websites publishing posts about issues related to the 2020 US presidential election. 

So now we have an official “national emergency” declared vis-a-vis Russia’s conduct in orchestrating website posts, which has in turn been lumped into another “emergency” that apparently encompasses the ongoing escalation of conflict in Eastern Ukraine — a geopolitical domain Joe Biden has always taken a keen interest in. And this is largely being received not as an ominous development in US relations with a nuclear-armed power, but instead as a cheerful sign that the US has returned to asserting its rightful global dominance.

One neat trick of this whole rhetorical framework is that foreign “interference,” “influence,” and “engagement” will obviously never be completely curtailed, especially if these things consist of internet postings. Therefore, the framework authorizes a perpetual war-like footing against Russia (or whatever country is next in the line of sight) which is especially convenient if you are interested in waging a New Cold War to garner whatever benefits (political, military, economic) you calculate comes with doing so. The rationale for keeping this ridiculous tit-for-tat going in perpetuity is clear — but don’t expect much clarity on that score from the US media, which always takes delight in blaming scary foreign entities for partaking in the exact same Democracy Undermining behavior that it’s guilty of itself.

*  *  *

Subscribe to Michael’s Substack here.

Tyler Durden
Sun, 04/18/2021 – 18:40

Share
Categories
Intelwars

Russians say LMAO after Salisbury poisoning suspects linked to explosion at Czech ammo depot: ‘Did they shake Biden’s stairs too?’

A wave of ridicule was unleashed on Russian social media after the Czech police identified two suspects, who appeared to be related to a 2014 blast. They are the same people the UK accused of the high-profile Skripal poisoning. A diplomatic scandal rocked Russian-Czech relations this weekend just before a scheduled visit to Moscow by Czech Foreign Minister Jan Hamacek. Prague expelled 18 Russian diplomats and accused Moscow of sending intelligence agents to blow up a munitions depot a few years ago. The news would have been received with much less amusement in Russia, were it not for the alleged identity of the suspected saboteurs. While the Czech police did not directly mention the 2014 explosion, they named the region where it took place – and pointed the finger at the same people, who already stand accused by Britain of going after Russian double agent Sergei Skripal, who was poisoned in Salisbury in 2018. Best known as Alexander Petrov and Ruslan Boshirov, they are said to be…

Share
Categories
Intelwars

Another “Explosive Eruption” Detected At St. Vincent Volcano In Eastern Caribbean

Another “Explosive Eruption” Detected At St. Vincent Volcano In Eastern Caribbean

The Caribbean Disaster Emergency Management Agency (CDEMA) reports a volcanic eruption has been detected at La Soufriere on the Caribbean island of St. Vincent Sunday afternoon. 

“At 4:49 pm on 18/04/21, there was another explosive eruption at LS. It’s been 52 hours since the last explosive event. There have now been at least 30 identifiable explosive events since the start of this eruptive phase. We continue to monitor and will provide an update in this evening’s advisory,” CDEMA stated. 

SkyAlert, a Mexico-based early earthquake warning company, posted a video of the alleged eruption. It said a “high eruptive column and possible pyroclastic surges,” adding that “thousands of people are still sheltered in lower-risk areas.”

The latest explosive eruption showed up on satellite imagery. 

St. Vincent’s National Emergency Management Organization (NEMO) released a statement that “ash clouds are moving towards the south and west of the island. “Alert level remains RED,” NEMO warned. 

Last week, tens of thousands of residents were evacuated from the island’s northern region, where La Soufriere is located. 

At the moment, the island is completely covered with ash from multiple eruptions.

 Before And After 

Before And After 

Here is more devastation from the ashfall. 

The entire Caribbean island is on the verge of a humanitarian crisis. The ashfall from eruptions has contaminated the island’s water supply and decimated crops. 

Tyler Durden
Sun, 04/18/2021 – 18:19

Share
Categories
Intelwars

Daunte Wright had a warrant out for his arrest when he was killed

Daunte Wright choked a woman and threatened to shoot her if she did not hand over $820 she had stuffed in her bra, court papers obtained by DailyMail.com allege. Wright was shot and killed by police officer Kimberly Potter in Minnesota on Sunday, leading to days of unrest. Court records also show that a warrant was out for Wright’s arrest after he missed a court appearance on separate firearms charges at the time he was killed. And online speculation that he did not know there was a warrant out for his arrest is false, DailyMail.com has learned. A letter returned to the court for having a wrong address was giving notice of a court date in August and had nothing to do with the warrant. Wright, 20, was shot dead in Brooklyn Center, Minnesota on Sunday by Potter, 48, a 26-year veteran in the Brooklyn Center Police Department.

Share
Categories
Intelwars

“It’s Totally Insane. Someone Made A Million On Dogecoin With His Stimulus Check”

“It’s Totally Insane. Someone Made A Million On Dogecoin With His Stimulus Check”

By Eric Peters, CIO of One River Asset Management

“What happened with Dogecoin Dad?” asked Jackson on FaceTime. I smiled. Dogecoin jumped from $0.06 to $0.47 – a 7.8x weekly jump to a $60bln+ market cap.

“It’s totally insane,” he said Friday night, back from lacrosse practice, sitting down to study, life as a plebe. “Are your buddies trading crypto now?” I asked.

“One supposedly made a million on Dogecoin with his stimulus check,” said Jackson, eyes wide.

“Not possible Jax, at today’s panic high it was up just 77x this year, and you guys only got $1,400 checks,” I said.

“He bought it with last year’s stimulus,” explained Jackson.

“Still doesn’t add up. Dogecoin is only up 165x since the beginning of 2020,” I said, shrugging, the meaning of money quietly slipping away.

* * *

Those things that make the least sense are where you discover opportunity, risk too. They are opposite sides of the same thing: Change.

So any truly interesting conversation explores things that boggle the mind. My favorite enigma in the physical world is quantum entanglement, which I’m convinced hints at something utterly extraordinary. But I leave that mystery to those a million times smarter, which frees my time to search for things that might make money. Sounds shallow. Empty. I know. Mara reminds me often. But the human mind is the universe’s greatest enigma and when you connect 8.5bln of them the possible futures are more uncertain than any particle being split at CERN. When put that way, exploring the profound uncertainty flowing from mass human psychology seems less meaningless.

That’s not to say things always appear uncertain. Most of the time, tomorrow looks indistinguishable from today. Which is to say, boring. During those periods, leveraged investment strategies that bet on recent correlations persisting well into the future tend to do well. So in recent years, when massive firms built upon such strategies struggled for reasons few could quite explain, it was a sign of change. Risk. Opportunity.

When equity factors started experiencing 10,000-year floods every other month, it was another sign.

Our political division in a pandemic, a sign. The horned Shaman in America’s capitol. GameStop. Signs. Study market history and you find that in periods of quantum change, those things that make the least sense but show mysterious momentum (both up and down) present the greatest opportunities.

Beeple sold an NFT for $69.3mm in March. Literally everyone saw it as a sign of a bubble. Perhaps everyone is right. But I’m more interested in exploring whether the accelerating emergence of soaring valuations in things that make little sense represents a historic change, a future that few can barely imagine, let alone grasp.

Particularly when such powerful incumbent industries and institutions so vocally resist. And Coinbase went public, briefly touching a $100bln valuation.

Tyler Durden
Sun, 04/18/2021 – 18:00

Share
Categories
California Hazard pay Hero pay Intelwars Kroeger Long Beach Los Angeles

Kroger closes five stores in California cities that require ‘hero pay’

Grocery store chain Kroger announced that it was shutting down five stores in Southern California after cities approved ordinances requiring retailers to pay a “hero pay.”

Kroger closed two stores in Long Beach on Saturday: a Ralphs and Food 4 Less in Long Beach, California. Kroger, which is the largest supermarket chain in the U.S. with nearly 2,800 stores in 35 states, stated that the city-mandated $4 “hero pay” increase was to blame for the store closings.

“As a result of the City of Long Beach’s decision to pass an ordinance mandating Extra Pay for grocery workers, we have made the difficult decision to permanently close long-struggling store locations in Long Beach,” said a spokesperson for Kroger several weeks ago, the Epoch Times reported. “This misguided action by the Long Beach City Council oversteps the traditional bargaining process and applies to some, but not all, grocery workers in the city.”

In January, the Long Beach City Council and the city’s Democratic Mayor Robert Garcia approved a “hero pay” ordinance that increased wages by $4 per hour. The COVID-19 pandemic-related pay increase included employees of pharmacies and retail stores with 300 or more employees in the southern California city.

The California Grocers Association attempted to stop the pay increase but was denied by a federal judge in February. U.S. District Judge Otis D. Wright II concluded, “CGA utterly fails to address why the ordinance is not an appropriate means for … fairly compensating grocery workers for the hazards they encounter as essential workers.”

Union leaders claimed that Kroger is punishing workers and the communities.

The closures will impact an estimated 200 workers, according to KTTV-TV. Kroger said that employees of the doomed stores were given the chance to transfer to other locations. The grocery store workers union claims that the transfers could mean long and expensive commutes.

Last month, the Los Angeles City Council approved an emergency ordinance to require grocery stores, retailers, and pharmacies with more than 300 employees nationwide, or more than 10 employees on-site, to offer employees an additional $5 per hour in hazard pay during the coronavirus pandemic.

Kroger reacted by planning to close three Los Angeles locations on May 12, citing “hero pay” as the main factor for shuttering the doors.

“The mandate will add an additional $20 million in operating costs over the next 120 days, making it financially unsustainable to continue operating the three underperforming locations,” Kroger said in a statement. “Despite our efforts to overcome the challenges we were already facing at these locations, the extra pay mandate makes it impossible to run a financially sustainable business that ensures our ability to continue serving the Los Angeles community at those three locations with reliable access to affordable, fresh groceries and other essentials.”

“We are proud of our role as a leading employer in Los Angeles and remain committed to our dedicated associates on the frontlines serving in our 65 other area locations,” the supermarket chain said.

Two Los Angeles City Council members introduced a motion to investigate Kroger for closing the three L.A. stores.

“The city has an interest in considering whether it should take legislative action to address these closures and potentially future closures of other grocery stores especially in areas of the city that are commonly known as Food Deserts,” the motion introduced by Democratic Councilmen Marqueece Harris-Dawson and Paul Koretz said.

Share
Categories
California Hazard pay Hero pay Intelwars Kroeger Long Beach Los Angeles

Kroger closes five stores in California cities that require ‘hero pay’

Grocery store chain Kroger announced that it was shutting down five stores in Southern California after cities approved ordinances requiring retailers to pay a “hero pay.”

Kroger closed two stores in Long Beach on Saturday: a Ralphs and Food 4 Less in Long Beach, California. Kroger, which is the largest supermarket chain in the U.S. with nearly 2,800 stores in 35 states, stated that the city-mandated $4 “hero pay” increase was to blame for the store closings.

“As a result of the City of Long Beach’s decision to pass an ordinance mandating Extra Pay for grocery workers, we have made the difficult decision to permanently close long-struggling store locations in Long Beach,” said a spokesperson for Kroger several weeks ago, the Epoch Times reported. “This misguided action by the Long Beach City Council oversteps the traditional bargaining process and applies to some, but not all, grocery workers in the city.”

In January, the Long Beach City Council and the city’s Democratic Mayor Robert Garcia approved a “hero pay” ordinance that increased wages by $4 per hour. The COVID-19 pandemic-related pay increase included employees of pharmacies and retail stores with 300 or more employees in the southern California city.

The California Grocers Association attempted to stop the pay increase but was denied by a federal judge in February. U.S. District Judge Otis D. Wright II concluded, “CGA utterly fails to address why the ordinance is not an appropriate means for … fairly compensating grocery workers for the hazards they encounter as essential workers.”

Union leaders claimed that Kroger is punishing workers and the communities.

The closures will impact an estimated 200 workers, according to KTTV-TV. Kroger said that employees of the doomed stores were given the chance to transfer to other locations. The grocery store workers union claims that the transfers could mean long and expensive commutes.

Last month, the Los Angeles City Council approved an emergency ordinance to require grocery stores, retailers, and pharmacies with more than 300 employees nationwide, or more than 10 employees on-site, to offer employees an additional $5 per hour in hazard pay during the coronavirus pandemic.

Kroger reacted by planning to close three Los Angeles locations on May 12, citing “hero pay” as the main factor for shuttering the doors.

“The mandate will add an additional $20 million in operating costs over the next 120 days, making it financially unsustainable to continue operating the three underperforming locations,” Kroger said in a statement. “Despite our efforts to overcome the challenges we were already facing at these locations, the extra pay mandate makes it impossible to run a financially sustainable business that ensures our ability to continue serving the Los Angeles community at those three locations with reliable access to affordable, fresh groceries and other essentials.”

“We are proud of our role as a leading employer in Los Angeles and remain committed to our dedicated associates on the frontlines serving in our 65 other area locations,” the supermarket chain said.

Two Los Angeles City Council members introduced a motion to investigate Kroger for closing the three L.A. stores.

“The city has an interest in considering whether it should take legislative action to address these closures and potentially future closures of other grocery stores especially in areas of the city that are commonly known as Food Deserts,” the motion introduced by Democratic Councilmen Marqueece Harris-Dawson and Paul Koretz said.

Share
Categories
Intelwars

Hedge Funds Are Getting The Hell Out Of New York In Favor Of Florida

Hedge Funds Are Getting The Hell Out Of New York In Favor Of Florida

Given the state of New York City throughout the last year – the draconian lockdowns, the neverending proposal of new and more invasive taxes, Rep. Ocasio-Cortez turning away new businesses and insulting corporate America at every chance she gets and well…just about everything Bill de Blasio has done – can anyone really blame hedge funds for taking their business elsewhere?

The inevitable is happening, the free market is speaking. Hedge funds are taking their business to Florida, a new Bloomberg report notes. 

Many who read Zero Hedge already know this: we have constantly been documenting the ongoing exodus to Florida as names like Goldman Sachs Group Inc., Apollo Global Management Inc. and Point72 Asset Management are all taking steps to move operations out of the state (or at least diversify operations). 

Timothy Noonan, a law partner at Hodgson Russ who specializes in tax residency issues, recently told Bloomberg: “There definitely is an unprecedented migration of high-net-worth taxpayers from New York City, and some of them are taking their businesses with them. With rates set to go up, they are ready to get out.”

While there is optimism about tourism and leisure providing a much-needed cash infusion back into New York, it’s going to be tough to not take into account the hole that many wealthy defectors will leave in the city’s budget. Florida, on the other hand, doesn’t have a state income tax. 

Elliott Management Corp. “has seen several of its highest-paid executives leave Manhattan” in favor of Palm Beach while Scott Shleifer, co-founder of the private equity unit at the $40 billion Tiger Global Management, also just bought a $132 million home in Palm Beach. Dan Sundheim, who runs $20 billion D1 Capital Partners, is also relocating toward Miami. 

George Sweeting, deputy director of the city’s Independent Budget Office, said: “We’ve had high taxes and it hasn’t driven all the multi-millionaires out. We don’t know what the limit is. At what point does it become more than people are willing to pay? Theoretically there is some point there.”

Thanks, George. It’s called the Laffer Curve and it’s been around for a hundred years. Let us know what you find out.

Meanwhile, in some instances, hedge fund partners will move to Florida but keep staff and operations in New York. They will owe some New York taxes, but likely not as much as they would have otherwise. Bloomberg points out exactly how important the discussion of taxes are to smaller firms:

“Take the example of a manager who makes $10 million per year. In New York City, they would have paid more than $1.1 million in state and local taxes last year, and more like $1.2 million this year after the tax hike. By moving to Florida, the manager avoids that charge every year, as well as about $400,000 annually that their firm owes to the city’s 4% unincorporated business tax.

The savings are even bigger for the most successful managers. In addition to hiking the top rate on single filers earning more than $1.1 million — from 8.82% to 9.65% — the state added two new brackets: income above $5 million will be taxed at 10.3% and $25 million at 10.9%. Adding these to the city’s top rate of 3.88%, rich New York City residents now face marginal rates of 13.5% to 14.8%, surpassing the 13.3% top rate in California, previously the U.S.’s highest.”

Taxpayers in New York earning $10 million or more paid 17% of income taxes in 2018, the report says. In New York City alone, about 1,800 people earned at least $10 million in 2018 and were responsible for 18.5% of the city’s tax revenue, equating to roughly $2.1 billion.

 

Tyler Durden
Sun, 04/18/2021 – 17:35

Share
Categories
Intelwars

Grayzone’s Aaron Maté debunks OPCW’s Syria lies and confronts US, UK on cover-up in UN presentation

In remarks to the UN Security Council, Aaron Maté of The Grayzone debunks the OPCW’s lies about its Syria cover-up scandal and challenges the US and UK on their role. Speaking to the United Nations Security Council, Aaron Maté of The Grayzone takes apart the OPCW’s excuses for refusing to address the organization’s Syria cover-up scandal. OPCW inspectors found no evidence to support allegations of a Syrian government chemical weapons attack in the city of Douma in April 2018. But their findings were suppressed, and the team was sidelined.

Share
Categories
Intelwars

BEST OF THE WEB: Irish govt goes ‘full Covid’, deploys military to force int’l arrivals into ‘quarantine centers’ for 2 weeks

Comment: The kicker is that they make YOU pay for it… Brussels has urged Ireland to consider easing tough restrictions that require many EU travelers to enter a minimum 10-day hotel quarantine. The European Commission on Friday sent a letter to Ireland, voicing concern about a mandatory hotel quarantine regime for coronavirus for travelers from some member states. Five EU countries — Austria, Belgium, France, Italy and Luxembourg — are on a list of countries from which travelers must pay almost 2,000 euros to quarantine for up to 14 days in secure hotels. Spokesman Christian Wigand told journalists the issue raised “concerns” under principles of EU law when it came to proportionality and non-discrimination amid the pandemic. “The commission believes that the objective pursued by Ireland, which is the protection of public health during the pandemic, could be achieved by less restrictive measures,” Wigand said. The letter asked for “clarifications on this matter and on the criteria…

Share
Categories
Intelwars

Sweden’s Professor Johan Giesecke, epidemiologist: “I think I got most things right, actually”

Johan Giesecke, an advisor to the Director General of the WHO, former Chief Scientist of the EU Centre for Disease Control, and former state epidemiologist of Sweden, returned to UnHerd yesterday to resume his discussion with editor Freddie Sayers, adjourned a year ago. He was one of the first major figures to come out against lockdowns last spring, saying they are not evidence-based, the correct policy is to protect the old and the frail only, and the Imperial College modelling was “not very good”. While he admits he made some mistakes, he believes that history will judge him kindly, and says: “I think I got most of the things right, actually.” He gives a solid defence of the outcome in Sweden, ably batting away the “neighbour argument” that says Sweden failed because Norway and Finland did better.

Share
Categories
CANADA Covid restrictions COVID-19 Doug ford Intelwars Ontario

Canadian officials forced to backtrack on extreme COVID restrictions after police refuse to enforce them

Authorities in Ontario, the most populated Canadian province, recently enacted pandemic-related restrictions that are so strict that not even law enforcement agencies are willing to enforce them.

Now, they’re already being rolled back.

What happened?

Ontario Premier Doug Ford announced new extreme public health restrictions that tightened existing restrictions and enacted new, even stricter COVID rules.

The restrictions ban residents from gathering with people outside of their household and prohibit most outdoor activities, even limiting outdoor gatherings among people from the same household. Playgrounds were made off-limits for Ontario children. Restaurants and gyms remain closed, and schoolchildren will continue to receive their education via distance learning. Of course, social distancing and face masks are still required.

“We have implemented the strictest measures in all of North America,” Ford said at a press conference. “But we have never shied away from doing what’s necessary.”

The new health order also significantly empowers police to enforce the restrictions, essentially allowing police to stop people without cause or reason.

“We have made the deliberate decision to temporarily enhance police officer’s authority for the duration of the stay-at-home order. Moving forward, police will have the authority to require any individual who is not in a place of residence to, first, provide their purpose for not being at home and provide their home address. Police will also have the authority to stop a vehicle to inquire about an individual’s reason for leaving their residence,” Ontario Solicitor General Sylvia Jones explained.

Jones also suggested that neighbors should “snitch” on one another if they don’t abide by the new restrictions.

How did police respond?

The majority of police agencies in Ontario said they would not enforce the restrictions by conducting random stops of individuals.

“New emergency orders announced yesterday to help limit the spread of COVID-19 are now in effect. The Toronto Police Service will continue to engage, educate and enforce, but we will not be doing random stops of people or cars,” police in Toronto, the largest city in Ontario, tweeted.

In fact, 39 out of the 45 police agencies throughout Ontario said they would not enforce the restrictions by conducting random stops, the Post Millennial reported.

How did officials respond to opposition?

After triggering widespread criticism and opposition, Ontario officials backtracked on some of the extreme restrictions and enforcement measures.

Ford announced Saturday the playground restrictions would be rolled back.

Ontario’s enhanced restrictions were always intended to stop large gatherings where spread can happen. Our regulations will be amended to allow playgrounds but gatherings outside will still be enforced,” Ford said. “Play outside safely. Parents keep your distance & wear masks if you can’t.”

Meanwhile, a spokesman for the solicitor general, Stephen Warner, said enforcement measures have been “refocused.”

“We have refocused O.Reg 8/21 Enforcement of COVID-19 Measures: If a police officer or other provincial offences officer has reason to suspect that you are participating in an organized public event or social gathering, they may require you to provide information to ensure you are complying with restrictions. Every individual who is required to provide a police officer or other provincial offences officer with information shall promptly comply,” Warner said.

Share
Categories
Intelwars

Obama’s Chief Energy Scientist Disputes The Climate-Change Propaganda-Peddlers

Obama’s Chief Energy Scientist Disputes The Climate-Change Propaganda-Peddlers

Authored by Mike Shedlock via MishTalk,

After a stint at the Obama Energy Department, Steven Koonin reclaims the science of a warming planet from the propaganda peddlers.

Beyond the Hype

Please consider the Wall Street Journal report How a Physicist Became a Climate Truth Teller

Barack Obama is one of many who have declared an “epistemological crisis,” in which our society is losing its handle on something called truth. 

Thus an interesting experiment will be his and other Democrats’ response to a book by Steven Koonin, who was chief scientist of the Obama Energy Department. Mr. Koonin argues not against current climate science but that what the media and politicians and activists say about climate science has drifted so far out of touch with the actual science as to be absurdly, demonstrably false.

Mr. Koonin is a Brooklyn-born math whiz and theoretical physicist, a product of New York’s selective Stuyvesant High School. He would teach at Caltech for nearly three decades, serving as provost in charge of setting the scientific agenda for one of the country’s premier scientific institutions. Along the way he opened himself to the world beyond the lab.

From deeply examining the world’s energy system, he also became convinced that the real climate crisis was a crisis of political and scientific candor. He went to his boss and said, “John, the world isn’t going to be able to reduce emissions enough to make much difference.”

His thoughts seem to be governed by an all-embracing realism. Hence the book coming out next month, “Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters.”

 “I’ve been building models and watching others build models for 45 years,” he says. Climate models “are not to the standard you would trust your life to or even your trillions of dollars to.” Younger scientists in particular lose sight of the difference between reality and simulation:

For the record, Mr. Koonin agrees that the world has warmed by 1 degree Celsius since 1900 and will warm by another degree this century, placing him near the middle of the consensus. Neither he nor most economic studies have seen anything in the offing that would justify the rapid and wholesale abandoning of fossil fuels, even if China, India, Brazil, Indonesia and others could be dissuaded from pursuing prosperity.

The public now believes CO2 is something that can be turned up and down, but about 40% of the CO2 emitted a century ago remains in the atmosphere. Any warming it causes emerges slowly, so any benefit of reducing emissions would be small and distant. Everything Mr. Koonin and others see in the science suggests a slow, modest effect, not a runaway warming. If they’re wrong, we don’t have tools to apply yet anyway. Decades from now, we might have carbon capture—removing CO2 directly from the atmosphere at a manageable cost.

Even John Kerry, Joe Biden’s climate czar, recently admitted that Mr. Biden’s “net-zero” climate plan will have zero effect on the climate if developing countries don’t go along (and they have little incentive to do so). Mr. Koonin hopes that “a graceful out for everybody” will be to see the impulse for global climate regulation “morph into much more impactful local environmental action: smog, plastic, green jobs. Forget the global aspect of this.”

Slow Modest Impact

The above article is right in line with my stated belief all along. 

I do not doubt the temperatures have risen a degree. I do mock the associated fears.

I am highly skeptical of radical models and I also mock the notion that the world as we know it will soon end and that climate change is the “existential threat of our time” as Senate Majority Leader Chuck Schumer has stated.

I am not at all convinced that climate change is totally or mostly man-made but actually that is irrelevant. 

Science suggests a slow modest impact. The models anticipate another rise in the oceans of 1 inch by 2050. Heck call it 3 or 4 inches and expect a foot by 2099 if you like.

50 Years of Dire Climate Forecasts and What Actually Happened

Let’s review 50 Years of Dire Climate Forecasts and What Actually Happened

2014 John Kerry: “We have 500 days to Avoid Climate Chaos” discussed Sec of State John Kerry and French Foreign Minister Laurent Fabious at a joint meeting.

I list 21 predictions and what actually happened. 

What Happens When Ice Melts?

Please factor in the cooling impact of melting ice on ocean temperatures. No one has decent models of ocean cooling.

Nature Magazine reports Melting Ice Could Slow Global Temperature Rise.

If there is a solution, it will be a free market solution not a solution by politicians hyperventilating about something that is now too late to stop and would be worth the cost even if we could stop it.

Name Calling Coming Up

Note that if you Don’t Accept 100% of the Climate Change Story and You Get Labeled a Racist

Koonin knows he will get an avalanche of name-calling that befalls anybody trying to inject some practical nuance into political discussions of climate.

The article had a nice finishing touch: “My married daughter is happy that she’s got a different last name,” said Koonin.

To finish on the practical side, barring a major technological breakthrough,  Global Net Zero Climate Change Targets are ‘Pie in the Sky’

Don’t worry, the world will still be here 50 years from now.

Tyler Durden
Sun, 04/18/2021 – 17:10

Share
Categories
Intelwars

Iran, Saudi Arabia reportedly in direct talks to mend frayed ties

Riyadh broke off diplomatic relations with Tehran in 2016 after its diplomatic facilities were attacked by Iranians protesting against the execution of a famous Shiite cleric in Saudi Arabia. Senior Saudi and Iranian officials are in direct talks to resuscitate relations between Riyadh and Tehran, the UK newspaper Financial Times (FT) has cited unnamed sources as saying. According to FT, the talks are seen as “the first significant political discussions between the two nations” since the 2016 break-up of bilateral ties, and they come amid US President Joe Biden’s efforts to revive the 2015 Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA).

Share
Categories
Intelwars

Follow the money – Has the Federal Reserve kept 2 sets of books for the last 50 years?

A new take on the closing of the gold window (at least new to video), and just in time for the 50th anniversary of that fated day… This episode of Mafiacracy Now shows that the Federal Reserve opened itself up to a massive blast of transparency the very minute it started selling cash and reserves not backed by gold (or anything else of value that the Fed can’t freely generate) back in 1971. The video leverages a recent law review article from an international team of prestigious legal scholars (and a lone economist), which makes the highly compelling case that once the gold window closed, cash and reserves alike ceased to qualify as liabilities — undercutting every central bank balance sheet in the west. And since those balance sheets have been absolutely larded with sovereign debt for the last year — actually, let’s make that “alleged debt” since it has no legal validity in the first place, not when the underlying liabilities fail to qualify legally as liabilities — the public…

Share
Categories
Intelwars

Scottish police recording male rape suspects as female if they say they’re female, FOIA reveals

Transgender women suspected of sexual crimes are recorded as female by Police Scotland, even if they didn’t legally change their sex. Critics say the practice deceives the public about crime prevalence. As the Scottish government is considering ways to make it easier than ever for people to change their legal sex, skeptics say the drive to embrace trans rights is often going in the wrong direction. One latest example is the way Police Scotland records suspects’ self-identified gender rather than biological sex, even when the alleged crime in question is rape. UK law defines rape as penetration of the vagina, anus or month with a penis without the victim’s consent. When such an act is committed or attempted by “a male who self-identifies as a woman,” Police Scotland would register this as a rape or attempted rape, but the alleged perpetrator would be “recorded as a female on relevant police systems.” The law enforcement agency said this in response to a Freedom of Information Act…

Share
Categories
Intelwars

Navalny’s Team Claims He ‘Could Die At Any Moment’ As US Warns Russia Of “Consequences” 

Navalny’s Team Claims He ‘Could Die At Any Moment’ As US Warns Russia Of “Consequences” 

National Security Advisor Jake Sullivan has told CNN on Sunday that “We have communicated [to Russia] that there will be consequences if Mr. Navalny dies.”

Alexei Navalny’s name was conspicuously absent from President Biden’s Thursday evening address describing the administration’s latest sanctions against Russia in response to a wide range of issues, mostly focused on the SolarWinds hack and election ‘interference’. 

It was days later, over the weekend, that Navalny’s media team began claiming he’s “dying” in prison. He has for weeks complained that prison doctors have “refused” to treat him for various urgent conditions, particularly a suspected trapped nerve in his back that’s been giving him severe leg problems. 

Via AFP

Following this there were fears he had tuberculosis and possibly COVID-19 – all which became a narrative pushed by his supporters that the Kremlin is “slowly killing him” while serving out a 2.5 year sentence at what’s known as Penal Colony No. 2 east of Moscow. Prison authorities have denied the claims of maltreatment, saying repeatedly that his health is satisfactory and that he has not been denied treatment.

He’s also now three weeks into a hunger strike in protest of the harsh confinement conditions. But given the likely disappointment that his plight has begun to fall out of Western media coverage, there was this latest over the weekend

Imprisoned Russian opposition leader Alexei Navalny is three weeks into a hunger strike, protesting the lack of medical attention he has received while in prison. Now, his doctor fears his death is imminent.

Physician Yaroslav Ashikhmin said test results that Navalny’s family shared with him reveal increased potassium levels, which could lead to cardiac arrest, as well as heightened creatinine levels from deteriorating kidneys.

“Our patient could die at any moment,” Ashikhmin wrote, according to a translated version of his Facebook post on Saturday.

Jake Sullivan addressed the absence of Navalny’s name among Biden’s latest Russia sanctions remarks as follows:

Asked whether a POTUS-Putin summit would still take place if Navalny dies, Sullivan says he is not going to get into hypotheticals largely because there is no summit even on the books yet—but adds that it would have to take place in the right circumstances and at the right time.

So it looks like Navalny is indeed once again getting the White House’s attention, given Sullivan’s new threat of “consequences” against Russia if the anti-Putin activist who last August said he was poisoned with nerve agent.

His allegations against prison authorities and against Putin himself are likely to grow louder and to continue. Most recently he alleged in a statement shared on Instagram that amid his hunger strike prison guards are now threatening to force feed him. 

Tyler Durden
Sun, 04/18/2021 – 16:45

Share
Categories
Intelwars

Unused Covid vaccines piling up across US as those rejecting offer increase – Bloomberg

Many U.S. states and cities have a growing surplus of Covid-19 vaccines, a sign that in some places demand is slowing before a large percentage of the population has been inoculated, according to an analysis by Bloomberg News. The data indicate as many as one in three doses are unused in some states. Appointments for shots often go untaken, with few people signing up. Bloomberg analyzed state and U.S. data from Monday, providing a snapshot of vaccine use before Johnson & Johnson shelved millions of shots pending federal health officials’ investigation into rare cases of blood clots. That pause will likely cause the number of unused shots to fluctuate, but will little change the comparisons of states. Comment: The EU’s AstraZeneca vaccine was also suspended in numerous countries after causing life-threatening bloodclots.

Share
Categories
Intelwars

Unused Covid vaccines piling up across US as majority reject offer – Bloomberg

Many U.S. states and cities have a growing surplus of Covid-19 vaccines, a sign that in some places demand is slowing before a large percentage of the population has been inoculated, according to an analysis by Bloomberg News. The data indicate as many as one in three doses are unused in some states. Appointments for shots often go untaken, with few people signing up. Bloomberg analyzed state and U.S. data from Monday, providing a snapshot of vaccine use before Johnson & Johnson shelved millions of shots pending federal health officials’ investigation into rare cases of blood clots. That pause will likely cause the number of unused shots to fluctuate, but will little change the comparisons of states. Comment: The EU’s AstraZeneca vaccine was also suspended in numerous countries after causing life-threatening bloodclots.

Share