[Source: Breaking News on Seeking Alpha 2022/08/06-09:51]
[Source: Utilities Sector and Stocks Analysis from Seeking Alpha 2022/08/06-09:49]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-09:40]
Come next January, Alabama will be the 25th state to allow the carrying of concealed weapons without a permit. Alabama will soon join Indiana which in March of this year passed a new statute allowing permitless concealed carry in that state—sometimes called "constitutional carry." In 2021 alone, at least six states passed their own provisions legalizing permitless concealed carry: Arkansas, Iowa, Montana, Tennessee, Texas, and Utah. Essentially, any law-abiding citizen over a certain age (usually 18 or 21 years of age) can now carry a concealed firearm in these states. 20 years ago, only Vermont allowed unrestricted concealed carry. Beginning ten years ago, however, more than twenty states adopted new laws deregulating the carrying of firearms.
Why is this happening now? On its most simple level, these laws are passed because lawmakers and constituents at the state level have advocated for their passage. Moreover, whatever opposition has existed among interest groups and the public has been insufficient to block their passage.
On a deeper ideological level, increased access to concealed carry is likely the result of a growing feeling among much of the public that they need increased access to firearms for self-protection. In other words, the spread of constitutional carry points to a growing sentiment that state and local authorities are insufficient to provide a reasonable expectation of safety from violent crime, and that private self-defense is therefore more necessary now than in the past.
Moreover, many of these laws expanding access to concealed carry have been passed over the objections of local law enforcement. Police organizations have been among the most vocal of opponents to new constitutional carry measures, yet Republican lawmakers—a group often happy to fall all over themselves announcing how much they "back the blue"—have passed these laws anyway. It is one thing to support law enforcement officers on a vague philosophical level, of course, but the continued spread of constitutional carry suggests there are limits to this support among even conservatives. Rather, the passage of these laws suggests a growing lack of faith that even well-meaning law enforcement can or will provide meaningful defense from violent criminals when the time arises.
Declining Faith in Institutions
The survey data continues to point to declining public faith in public institutions, and this includes law enforcement and the legal system. As faith in these institutions falls, the perceived need to provide one's own self-defense naturally increases. As one sociologist puts it, "legal cynicism" leads to greater demand for "protective gun ownership" and "lower levels of police legitimacy are significantly related to a higher probability of acquiring a firearm for protection."
In the worst cases, this can even lead to extralegal "self-help" with a firearm, and this phenomenon has been explored by historian Randolph Roth who notes that declining perceptions of state legitimacy can lead to high rates of violent crime. That is, when the public believes that official coercion will be insufficient to restrain crime, private citizens may feel the need to take matters into their own hands.
Moreover, crime data in some cases suggests a correlation between gun ownership and high crime levels. Advocates of gun control naturally interpret this correlation as evidence that the presence of guns is the cause of more crime. Yet the causality more likely runs in the other direction: more crime leads to more people arming themselves. Statistical studies are insufficient to prove causality in any case, as a Rand study on gun violence notes:
Whether [the correlation between guns and crime] attributable to gun prevalence causing more violent crime is unclear. If people are more likely to acquire guns when crime rates are rising or high, then the same pattern of evidence would be expected. ... existing research studies and data include a wealth of descriptive information on homicide, suicide, and firearms, but, because of the limitations of existing data and methods, do not credibly demonstrate a causal relationship between the ownership of firearms and the causes or prevention of criminal violence or suicide.
And, as one New Jersey study concluded after surveying young residents of high-crime areas,
most participants said they carried guns to increase their feelings of safety. “They held a widespread belief that they could be victimized at any time, and guns served to protect them from real or perceived threats from other gun carriers.”
The perceived need for personal protection is likely more urgent and immediate in high crime areas, but the sentiment certainly is not unique to these areas. Suburban and rural advocates for broadening concealed carry frequently invoke the need for personal protection from violent crime as justification for new laws expanding the right to carry in nearly every situation.
Laws Passed Over Police Opposition
Although many individual police officers support nearly untrammeled gun ownership by law abiding citizens, many others do not. In the case of Alabama's legislative battle over permitless carry, for instance, "the bills have been roundly criticized by police and gun control advocates, who argue that removing permits poses a safety risk to citizens and officers." The head of Alabama's Sheriff's Association wants to change the Second Amendment to ban concealed carry altogether. And elsewhere "Some of the loudest opponents of permitless carry laws are the police. They spoke out in Indiana, Texas, and Kentucky but that didn't stop lawmakers from passing "constitutional carry" laws." In Georgia, many law enforcement officers voiced their opposition to conceal carry, much to the delight of the state's Democratic party. In Ohio, constitutional carry has been opposed by the Fraternal Order of Police—the public labor union that provides free lawyers to abusive and incompetent police officers. Even in Republican-controlled legislatures—where professed support for police runs high—police efforts to quash expanded conceal carry have failed repeatedly.
The continued spread of constitutional carry is, of course, related to the surge we've seen toward more private gun ownership overall. For example, Americans in 2020 and 2021 went on what CNN calls a "gun buying spree" and this included a 58% surge in gun purchases in 2021 among Black men and women. Violent and destructive "mostly peaceful" protests exposed the limited ability of law enforcement to do much other than protect government property during periods of unrest. In the wake of lockdowns, which shut down vital social institutions such as churches and schools, crime surged in the US, and not just in the "usual" places like urban cores. Police legitimacy also suffered a serious blow with the abject failure of local, state, and federal law enforcement agencies at the Uvalde school shooting in May of this year. The officers who chose to do nothing while children were massacred will likely face no serious legal repercussions, and this will further highlight that police officers are under no legal obligation to actually protect the public from violent crime.
It's no wonder that permitless concealed carry continues to make gains in American states. In the past, many Americans may have simply trusted to the regime to provide "law and order." But that sentiment is apparently becoming more and more rare.
* * *
Statista's Katharina Buchholz maps out the states that allow permitless carry of guns.
And in states like Maryland, where the recent Supreme Court decision changed the stance on licensing concealed firearms from "may issue" to a "shall issue," demand for concealed carry classes has erupted as citizens feel the need that nobody but themselves will save them in times of emergencies as the country becomes more dangerous.
[Source: Healthcare Sector and Stocks Analysis from Seeking Alpha 2022/08/06-09:39]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-09:20]
Well it looks like it's finally high time for someone to pay attention to soaring diesel prices...
After all, affluent yacht owners are starting to complain about the high prices! That was the topic of a new New York Post piece out this week where the paper spoke to yacht owners who have grown frustrated with the price of fuel.
One owner, who docks in the Hamptons, told the Post: “It used to be $2,500 to take my boat out for lunch but this year it’s going to be $5,000.” Large boats that are about 70 feet burn about 130 gallons per hour just to keep their engines running.
Another yacht owner, who recently took a trip from an "exclusive marina" in Miami back up to Montauk, complained: “It cost 72% more to have the boat brought up to New York this year from Florida.”
Diesel is up more than $1.77 per gallon over last year's price, the report notes. Premiums for the fuel are even higher in the Central Atlantic, where costs have gone up more than $2 to $5.52 per gallon.
Owners at places like the Hamptons have complained about the additional premium they have to pay at local docks. In the Hamptons, for instance, there is only a handful of places to refuel, putting boat owners "at the mercy of the marina".
Another owner told The New York Post they believe that the docks were adding another "dollar or two" per gallon in premiums. But the reality is that the wealthy haven't quite seen enough to call off their summer soirees.
“Everyone whines but all the docks are still at capacity,” an owner said.
A dock owner chimed in: “Rich people can be very cheap with certain things. Spending a thousand dollars on a lunch is no problem, but paying an extra couple hundred dollars on fuel will annoy them.”
“There are guys worth hundreds of millions that cut out coupons and give them to the crew for buying groceries. It sucks, but if you’re complaining about filling up a car, that’s a necessity. Boats are a luxury so it’s a little tone-deaf,” they concluded.
[Source: Healthcare Sector and Stocks Analysis from Seeking Alpha 2022/08/06-09:10]
[Source: GuruFocus New Articles 2022/08/06-09:00]
[Source: GuruFocus New Articles 2022/08/06-09:00]
[Source: GuruFocus New Articles 2022/08/06-09:00]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-09:00]
Authored by Alex Wu via The Epoch Times (emphasis ours),
A video showing pigs eating a deceased pig on a farm in China went viral recently. Some of the pig farmers, working for a major Chinese financial group, said that the cannibalism occurred because of feed shortages. One expert believes that feed shortages are a reflection of bigger problems in China’s economy.
Since July 24, the video has been one of the most searched topics on Chinese social media, putting a spotlight on the listed company and a major pig farming company, Jiangxi Zhengbang Tech (whose subsidiary is Jiangxi Zhengbang Breeding Co.), that contracted the farmers to raise the pigs. Posts about the company have been circulating online, such as “the farmers’ pig feed supply was cut off,” “the chairman of Zhengbang was restricted from buying high-end products,” “the company’s fundraising was delayed,” and “the company’s court ordered total amount of compensation reached 100 million yuan (about $14.8 million),” etc.
It caused the stock of Zhengbang Tech to fall 6.66 percent to 5.89 yuan (about $0.87) per share on July 25. The company then issued several announcements in response to the issues.
On July 25, Zhengbang Tech admitted that there were interruptions to the pig feed supply in July, citing the downturn in pig prices in June, COVID-19, the company’s funds being tight, logistics issues, and problems in coordination with the feed producers. There’s no mention of compensation for the pig farmers in the statement.
The company’s statements did not affirm or deny that pig cannibalism occurred on the farms.
Bigger Financial Issues
In addition, a “necessary reminder” was included in the Zhengbang statement. It said: “The company’s net profit in the first half of 2022 is expected to lose 3.8 billion to 4.6 billion yuan (about $563 million to $682 million).” The statement has increased worries from the outside world about the company’s “shortage of funds.”
Independent current affairs commentator Tang Jingyuan told The Epoch Times on July 27, that there are two main reasons for Zhengbang Tech’s shortage of pig feed. “One is a shortage of funds, and there may even be a break in the capital chain. The other is that the COVID-19 epidemic has caused the logistics system to be blocked, which is the problem with the coordination of logistics distribution and feed mills mentioned in the company’s official statement. Behind these two reasons, the root cause is actually that the economic environment in mainland China has deteriorated due to the regime’s zero-COVID policy and measures, resulting in a vicious cycle of mutual causation between the two reasons mentioned above.”
“The deterioration in China’s economy is largely caused by policy mistakes rather than a natural disaster. Zhengbang Tech is only one of the countless companies that pay for it,” he said.
[Source: Healthcare Sector and Stocks Analysis from Seeking Alpha 2022/08/06-08:40]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-08:40]
Having seen the mainstream media rush to defend a clearly weakening economy, closing the 'Overton Window' on any mention of the 'r-word' - to the extent that one senior economist was fact-checked by Facebook for daring to utter the 'r-word' - pocaster Joe Rogan blasted the Biden administration for "gaslighting" the American people about the meaning of a recession after two consecutive quarters of economic contraction were reported last week.
During a podcast with Chris Williamson, the pair turned to the topic of the recent quarterly gross domestic product (GDP) report and the efforts of President Joe Biden's entire administration (and every mainstream media useful idiot and tenured ivory tower economist) to deflect the recession label.
Rogan criticized the administration for tampering with the definition of the word “recession,” and claimed that politicians were “gaslighting” the American public by denying the label.
“People think that [the word recession] is trivial, ’cause they are talking about this economic downturn, but it’s not trivial, because we’ve always used that term ‘recession,’ and we’ve always used that term to define whether or not the economic policies that are currently in place and whether or not the management in the government has done a good job of making sure that the economy stays in a good place,” Rogan said.
“They definitely haven’t done that, so in order to escape that sort of distinction, they’re literally changing the definition, which is terrible, and it should be pushed back against in a big way. It should be something that people get angry about.”
Williamson appeared to agree with Rogan, arguing that changing the definition of recession served only to distract from the hard economic reality and to protect the political interests of the Democratic Party.
“The bizarre thing about the recession situation is the fact that it doesn’t matter what you call it. You can call it … ‘paradise’ if you want, but it’s still [expletive], and all of the criteria of what’s happening indicates a recession,” Williamson said.
“The reason, obviously, is that you’ve got midterms coming up, and you need to make sure that ‘is in a recession’ is something that can’t be thrown at the Democrats.”
Watch the full discussion below:
And finally, don;t let the administration and its prancing ponies 'gaslight' you again that strong jobs data 'proves' we are not in a recession. First things first, as we detailed here, jobs are the most lagged signal of a recession; and second, under the hood of today's "great" jobs data, we find that the surge in jobs was driven by individuals taking on multiple jobs - which hit a record high.
[Source: Tech 2022/08/06-08:31]
[Source: Health Care 2022/08/06-08:24]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-08:20]
Authored by Zachary Stieber via The Epoch Times (emphasis ours),
The U.S. Centers for Disease Control and Prevention (CDC) has claimed that there was no known association between heart inflammation and COVID-19 vaccines as late as October 2021.
CDC officials made the claim, which is false, in response to a Freedom of Information Act request for reports from a CDC team that is focused on analyzing the risk of post-vaccination myocarditis and pericarditis, two forms of heart inflammation. Both began detected at higher-than-expected rates after COVID-19 vaccination in the spring of 2021.
The team focuses on studying data from the Vaccine Adverse Event Reporting System (VAERS), a passive surveillance system co-run by the CDC and the U.S. Food and Drug Administration.
The date range for the search was April 2, 2021, to Oct. 2, 2021.
“The National Center for Emerging Zoonotic Infectious Diseases performed a search of our records that failed to reveal any documents pertaining to your request,” Roger Andoh, a CDC records officer, told The Epoch Times. The center is part of the CDC.
No abstractions or reports were available because “an association between myocarditis and mRNA COVID-19 vaccination was not known at that time,” Andoh added.
Both the Pfizer and Moderna COVID-19 vaccines are built on messenger RNA (mRNA) technology.
Earliest Myocarditis Reports
Reports of heart inflammation after COVID-19 vaccination were first made public in April 2021 by the U.S. military, which detected the issue along with Israeli authorities well before the CDC.
While Dr. Rochelle Walensky, the CDC’s director, said that month that the agency had looked for a safety signal in its data and found none, by the end of June CDC researchers were saying that the available data “suggest an association with immunization,” and in August described (pdf) the issue as a “harm” from vaccination.
The claim that the link wasn’t known “is provably false,” Barbara Loe Fisher, co-founder and president of the National Vaccine Information Center, told The Epoch Times via email. “Either the right hand does not know what the left hand is doing at CDC, or federal health officials are disseminating misinformation about what they knew about myocarditis following mRNA COVID vaccines and when they knew it.”
Sen. Ron Johnson (R-Wis.) said that the FOIA response “raises even more questions about the agency’s honesty, transparency, and use, or lack thereof, of its safety surveillance systems, such as VAERS, to detect COVID-19 vaccine adverse events.”
“I have sent two letters to the CDC about the agency’s inability to find records demonstrating its use of the vaccine surveillance systems. To date, the CDC has failed to respond to my letters,” he added.
“Apparently CDC needs to make a correction!” a spokeswoman for the agency told The Epoch Times in an email.
The agency is acknowledging that by June 2021, data began to indicate a link between the mRNA COVID-19 vaccines and heart inflammation, outlined that month in two presentations made to government vaccine advisory panels.
Read more here...
[Source: Top News & Analysis 2022/08/06-08:17]
[Source: Breaking News on Seeking Alpha 2022/08/06-08:14]
[Source: Top News & Analysis 2022/08/06-08:12]
[Source: Top News & Analysis 2022/08/06-08:05]
[Source: Top News & Analysis 2022/08/06-08:03]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-08:00]
The United States' closest regional partner and member of the "Five Eyes" intelligence-sharing relationship Australia on Friday condemned China's "destabilizing" actions in holding live fire drills surrounding Taiwan, most importantly the launching of ballistic missiles over the island.
"These exercises are disproportionate and destabilizing," Australian Foreign Minister Penny Wong said in a statement on Friday. "This is a serious matter for the region, including for our close strategic partner, Japan," she added in reference to the "Quad" group, which in addition to the US, Australia and Japan includes the large economy of India.
While also condemning the largest PLA exercises in recent history, Canberra’s foreign minister highlighted that the launching of mid-range missiles into waters off Taiwan is "disproportionate," and urged for "restraint and de-escalation" on the part of Beijing.
"Australia is deeply concerned about the launch of ballistic missiles by China into waters around Taiwan’s coastline," Wong said. She further echoed Thursday words of White House NSC spokesman John Kirby which warned of the possibility of "miscalculation".
"Australia shares the region’s concerns about this escalating military activity, especially the risks of miscalculation," she said. The day prior, Kirby stressed in a White House briefing, "One of the things that’s troublesome about exercises like this or missile launches like this is the risk of calculation, the risk of a mistake that could actually lead to some sort of conflict."
This after announcing that the USS Ronald Reagan carrier strike group will stay in waters near Taiwan for longer than expected in response to the Chinese PLA drills.
Video: The #PLA Eastern Theater Command Air Force on Fri continued drills around Taiwan island with fighters, bombers, early warning aircraft and electronic recon aircraft. Pilots could visually confirm Taiwan's coastline and the Central Mountain Range. pic.twitter.com/QsFaqgRYyP— Global Times (@globaltimesnews) August 5, 2022
Importantly, the Australian top diplomat further underscored that Canberra won't back a "unilateral change of status quo" across the Taiwan Strait and that it remains committed to the Once China principle.
However, China has been questioning the commitment of the US and its allies, particularly given US weapons transfers to Taiwan, which Washington has stressed are "defensive" and don't constitute a threat to the mainland.
[Source: MarketWatch.com - Top Stories 2022/08/06-07:41]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-07:40]
Authored by Zachary Steiber via The Epoch Times (emphasis ours),
The flood of illegal immigrants that have entered the United States in the past several decades has contributed to the rise in drugs and drug addiction inside the country, former national security adviser and retired Lt. Gen. Michael Flynn says.
“We have a domestic problem that is fueled by large, large numbers of deadly drugs and large amounts of money,” Flynn said on EpochTV’s “Facts Matter” program.
The illegal immigration crisis has reached unprecedented levels under President Joe Biden, with the United States setting new records for illegal alien arrests at the U.S.–Mexico border for both a calendar year and a fiscal year. But the problem goes back 25 years, and has spanned administrations of both parties, said Flynn, who was the national security adviser under President Donald Trump.
If even just 10 percent of the illegal immigrants are criminals, that means a force that’s larger than the entire U.S. Marine Corps has illegally entered the country in recent years, Flynn said.
The criminals, often part of cartels, often go to cities and ply drugs, which has deepened the addiction problems there.
“They get organized, and they get brought into the cities, they get brought into the urban areas, and they get some money into their pockets, and they’re in there, and they get some orders to get out there and sort of flood the zone with drugs,” Flynn said. “They’re killing this country with the likes of fentanyl, and opioids and heroin. And they’re getting away with it.”
While some convicted criminals are deported, others are being allowed to remain in the United States under orders from top Biden administration officials, who have asserted that there is not enough manpower to deport all illegal immigrants that are convicted of additional crimes in addition to entering or remaining illegally.
Speaking in Florida, Flynn said he backed some of the moves Florida Gov. Ron DeSantis, a Republican, has made, but decried the busing of illegal immigrants from Texas and Arizona to Washington as a “publicity stunt” that is being cheered by the cartels. Texas Gov. Greg Abbott and Arizona Gov. Doug Ducey have been footing the bill for the buses, which has been described as putting pressure on Biden by sending illegal aliens to the city in which he lives. Washington Mayor Muriel Bowser recently requested National Guard assistance due to the influx.
In any case, the illegal immigration and drug issues require action at the federal, state, and local levels, according to Flynn.
Read more here...
[Source: Breaking News on Seeking Alpha 2022/08/06-07:35]
[Source: http://www.zerohedge.com/fullrss2.xml 2022/08/06-07:20]
A French physicist supposedly tweeted an image of a distant star taken by the $10 billion James Webb Space Telescope (JWST), but it turned out to be fake news and nothing more than a slice of chorizo.
Étienne Klein, a prominent physicist and director at France's Alternative Energies and Atomic Energy Commission, tweeted an image of a red ball of spicy Spanish sausage last week, asserting it was the closest star to the sun.
"Picture of Proxima Centauri, the nearest star to the Sun, located 4.2 light years away from us. It was taken by the James Webb Space Telescope. This level of detail... A new world is unveiled everyday," Klein told his more than 92,000 followers on Sunday.
Photo de Proxima du Centaure, l’étoile la plus proche du Soleil, située à 4,2 année-lumière de nous.— Etienne KLEIN (@EtienneKlein) July 31, 2022
Elle a été prise par le JWST.
Ce niveau de détails… Un nouveau monde se dévoile jour après jour. pic.twitter.com/88UBbHDQ7Z
The tweet went viral as Twitter users marveled at what they thought was the latest deep space picture taken by JWST.
However, Klein later revealed that the image wasn't a star over four light-years away but just a slice of Spanish sausage chorizo.
"Well, when it's cocktail hour, cognitive bias seem to find plenty to enjoy... Beware of it. According to contemporary cosmology, no object related to Spanish charcuterie exists anywhere else other than on Earth," he said.
On Wednesday, Klein apologized for the fake news:
"I come to present my apologies to those who may have been shocked by my prank, which had nothing original about it," he said, describing the tweet as a "scientist's joke."
He also tweeted an image of the Cartwheel Galaxy taken by JWST, assuring the image was "real this time."
Photo (VRAIE cette fois…) de la galaxie de la Roue du Chariot et de ses galaxies compagnes, prise par le JWST. Située à 500 millions d’années-lumière, elle fut sans doute spirale dans son passé, mais a pris cette étrange allure à la suite d’un furieux carambolage galactique. pic.twitter.com/vmiDjU1Gjt— Etienne KLEIN (@EtienneKlein) August 3, 2022
The timing of Klein's tweet comes several weeks after NASA published the deepest views of the cosmos, a sight no one on Earth had ever seen.