The Globe's coverage began at the bottom of their front page with the LITERALLY CARTOONISH question from the insultingly elitist Beth Teitell asking what if Trump won’t leave the White House?
Meanwhile, the New York Times says Biden’s national security team offers a sharp turn from Trump, but asks in which direction even as it repudiates Trump’s nationalistic isolationism (which is apparently reserved solely for Israel).
My World/Nation (the order says something in and of itself) page A2 lead:
The article by Jennifer Epstein of Bloomberg tells me:
Antony Blinken, former deputy secretary of state in Barack Obama’s administration, as secretary of state, would lead Biden administration efforts to rejoin international agreements like the Paris climate accord and the Iran nuclear deal and is expected to oversee a tougher posture toward China.
Not with Israel, though, and he also had connections to Hunter Biden and the Ukraine.
Former Hillary Clinton aide Jake Sullivan as national security adviser and veteran Foreign Service officer Linda Thomas-Greenfield as ambassador to the United Nations, who would be the highest-ranking Black official named so far.
For his director of national intelligence, Biden has selected Avril Haines, a former top CIA official with years of experience in the espionage community who would fill a job that Trump had largely reserved for people better known for their loyalty to him, and as homeland security secretary, the president-elect has picked Alejandro Mayorkas, a former head of Citizenship and Immigration Services.
Trump didn't fire Bloody Gina. Must be afraid of her because, as Schumer said, they have eight ways from Sunday to get back at you. That's why I think Trump ultimately goes into that gentle good night.
Former secretary of state John Kerry, who served under Obama, was named climate envoy, a move to highlight Biden’s commitment to the issue.
That gaseous hypocrite and creature of globali$m. I thought we rid of them all.
Biden has close relationships with Blinken, who is 58, and Sullivan, 43, who served stints as advisers on national security when he was vice president and worked with his campaign.
Notably absent from the list is a nominee for defense secretary. Former undersecretary of defense for policy Michele Flournoy had been the favorite for the job, but Biden has not yet finalized his choice. Former homeland security secretary Jeh Johnson is another contender for the job.
Biden’s spokeswoman, Jen Psaki, said he would name an economics team next week. Several news outlets have reported that will be helmed by former Federal Reserve chairwoman Janet Yellen as Treasury secretary.
Yeah, Wall Street liked that.
The co-lead column at the top:
"The state of Pennsylvania certified its election results on Tuesday, as Gov. Tom Wolf signed off on the slate of 20 electors and solidified President-elect Joseph R. Biden Jr.’s victory in the state where he was born, one of the most hotly contested prizes of the election. The certification in Pennsylvania comes as Biden’s share of the popular vote total has now surpassed 80 million, the first time in American history that a candidate for president has reached that milestone. Nevada and Minnesota also certified Biden’s victories in those states on Tuesday, and North Carolina certified its vote for President Trump, but the certification in Pennsylvania, a state Biden won by more than 80,000 votes, resonated as it officially marked the state as having moved from red to blue, and was yet one more rebuke to the many efforts of the Trump campaign and its Republican allies to overturn the election. “It’s readily apparent to everyone besides Donald Trump, Rudy Giuliani, and Jenna Ellis that this election is over and that Joe Biden won resoundingly,” Bob Bauer, a senior adviser to Biden, said in a statement after the certification was announced.
We are supposed to believe that after there was no enthusiasm for his campaign.
Just because a corrupt government certifies something doesn't mean it's true, and please remember that the OPPOSITE of everything the pre$$ claims these days is the TRUTH!
These are TRULY EVIL TIMES in which we are living.
Wolf, in announcing the certification, praised the election workers in his state who had faced harsh criticism and harassment as the president continued his effort to subvert the election. “I want to thank the election officials who have administered a fair and free election during an incredibly challenging time in our commonwealth and country’s history,” Wolf said in a statement on Twitter. “Our election workers have been under constant attack and they have performed admirably and honorably.” Although Wolf has certified the results in the state, there are still some outstanding lawsuits regarding smaller amounts of ballots in specific counties that need to be sorted, though they will have no significant effect on the presidential margins. In the days following the election, Pennsylvania became the center of attention, as multiple counties worked around the clock to process thousands of absentee ballots, providing incremental updates to the overall vote total that saw Biden slowly eclipse Trump and eventually build a significant lead, nearly doubling Trump’s 2016 margin in the state. After Wolf announced the certification, Senator Bob Casey, Democrat of Pennsylvania, sighed, tipped an open beer from the local brewery Victory Brewing toward the camera, and took a sip....."
It is so in our face they are f**king laughing at us.
I pray it isn't for long and that their hubris will soon receive a cosmic adjustment.
Related:
"Bars and restaurants in Pennsylvania have been ordered by the state to stop selling alcohol at 5 p.m. on Wednesday, in an effort to head off uninhibited pre-Thanksgiving gatherings where the coronavirus could spread rapidly. “It turns out, the biggest day for drinking is the day before Thanksgiving,” Gov. Tom Wolf said at a news conference on Monday. “I don’t like addressing that more than anyone else does, but it’s a fact, and when people get together in that situation, it leads to the exchange of the fluids that leads to the increased infection. We’re going to defeat this virus,” the governor added. “That should be what we’re focused on, not whether we want to get a transitory benefit from going out with friends the day after tomorrow and having some drinks. Let’s forgo that, this one time.” The regulation, which allows alcohol sales to resume at 8 a.m. on Thanksgiving Day, was immediately slammed by restaurant and bar owners, who said it put further strain on businesses that are already struggling to survive. Wolf said he was fully aware of the ill will the decision had engendered. “The virus is what’s doing this — it’s not me, and it’s not the administration, it’s not the government,” he said. “The more we learn about it, the more we know that this is the kind of place that speeds the transmission of the disease.”
It actually is the tyrant, for the virus didn't "do" anything other than what they always do, and that is taking for granted the lie that it exists at all. The U.S and U.K. claim they don't have an isolated sample, and the New York Times is in gyrations over it.
If the virus mutated, it got weaker because that is what coronavirus do, that's real science, and it means that people will have immunity for decades to come.
Ignore that report, though, because it will get in the way of the vaccine agenda they are endlessly promoting with their lying fear.
Also see:
"The city of Philadelphia announced Monday that a new “Safer at Home” order restricting businesses, schools and social gatherings will take effect Friday and extend at least until Jan. 1. The restrictions are meant to “help flatten the epidemic curve, prevent hospitals from becoming overwhelmed, and reduce the number of COVID-19 deaths,” the city said in a news release. Philadelphia County reported some of the lowest rates of the year for new infections until the trend began to show signs of reversal around October, and rates have climbed steadily since....."
Go celebrate Biden's appointment by the pre$$ though, and I'm sure if that is exposed as the fraud it is they will be out there lighting the cities on fire again.
Maybe that is why they are immune from COVID. The fire kills it, while the nightlife in a glass makes it boogie!
This thing is becoming so f**king ridiculous the pre$$ and the tyrant politicians should be ashamed of themselves.
Repent now, f**kers!
That's the message coming from England and France, where the people are not putting up with this shit anymore:
"Britons from up to three households will be able to come together and celebrate Christmas under plans announced on Tuesday for a brief relaxation of the rules designed to curb the spread of the coronavirus. The decision, agreed upon by political leaders in England, Scotland, Wales and Northern Ireland, means that people will be able to move freely around the United Kingdom between Dec. 23 and 27, regardless of whatever local restrictions are in force before those dates. Those moving to or from Northern Ireland will be given an additional day to travel at both ends of that period to reflect the additional complexity of some of their journeys. Under the rules, members of up to three households will be able to gather in private homes and outdoor spaces and travel together to places of worship, but the exemption will not allow these larger groups to meet in pubs or restaurants, where normal restrictions will still apply. Those rules on indoor dining and drinking will vary from region to region. On Monday, the government in England said that when it ends a national lockdown on Dec. 2 the country will be divided into three tiers of restrictions, depending on the severity of the health situation in each area; however, the government is not expected to announce which regions will be placed in which tier until Thursday. Michael Gove, a senior British cabinet minister, said that, while “the Christmas period this year will not be normal,” successful talks with Scottish, Welsh and Northern Irish leaders meant that “families and friends will now have the option to meet up in a limited and cautious way across the U.K. should they wish.”
There is nothing "normal" about the restrictions.
"British authorities gave the green light Tuesday to holiday reunions, relaxing restrictions on social mixing over Christmas and offering arriving international travelers a way to cut short quarantine if they test negative for COVID-19. The UK government and administrations in Scotland, Wales, and Northern Ireland struck a deal that will ease limits on travel and socializing over the festive period so that friends and families can get together. Over the five days between Dec. 23 and 27, up to three households can form a “Christmas bubble” and members can move freely between them. Those travelling to and from Northern Ireland will be permitted to travel for an additional day either side. People are currently barred from visiting members of other households in much of the UK, and there are limits on travel to high-infection areas. Government scientific advisers have signed off on the holiday plan, though scientists have warned it will likely lead to an increase in coronavirus infections. In a boost to holiday travel, the 14-day quarantine requirement for travelers arriving in England from most destinations will be reduced to as little as five days if they test negative for COVID-19. Under the new rules, passengers from places not on the government’s travel corridor list can reduce the 14-day quarantine period by paying for a test from a private firm on or after Day 5 of their arrival at a potential cost of around 100 pounds ($133). Results normally take a day or two."
Oh, the benevolent tyrants in England are so lenient as they impose travel restrictions based on the fictitious COVID and the con$tant te$ting indu$try that is to come of it!
They can shove their tyranny based on the raft of lies from their flawed and faulty tests and fake second wave!
"One month after announcing a second lockdown, President Emmanuel Macron said on Tuesday that France had succeeded in thwarting a spike in new cases and laid out a plan to ease restrictions. Macron said that new cases last week were a third of what they had been in early November. Although France’s Covid-19 death toll officially topped 50,000 on Tuesday, the number of people in hospitals and intensive care has been trending downward for the last few days. Macron detailed a three-part softening of the lockdown in a televised address on Tuesday evening. He said that a first phase of lifting would take place on Nov. 28, with the reopening of all nonessential businesses, such as toy stores or bookshops, under strict health rules and with a 9 p.m. time limit, but bars and restaurants will remain closed for the time being, and are unlikely to reopen until mid-January, Macron said. People will still have to carry a permission slip to leave their homes, but the one-kilometer travel restriction will be expanded to 20 kilometers, and for a maximum of three hours away from home, instead of the current one-hour allotment. Outdoor after-school activities will also be allowed. A nightlife curfew from 9 p.m. to 7 a.m. will replace the current restrictions, and people will be free to move, but not to assemble, on Christmas Eve and New Year’s Eve. “It won’t be Christmas holidays like any other,” Macron said, as he urged people to respect social distancing during family gatherings. He added that amusement parks and ski resorts would remain closed for the rest of the year. “The logic of all these decisions is the same,” Macron said. Macron added that authorities were moving forward to prepare for a wide-ranging vaccination campaign in France. As soon as late December or early January, elderly people will be vaccinated. Hospitals, retirement homes and doctors will be given priority, but vaccination will not be mandatory. “The return to normal will therefore not be for tomorrow, but I am convinced that we can control the epidemic in the long term,” Macron said, adding that this year of health, economic and security crises had also shown France’s strengths, as well as the weaknesses that needed to be addressed. “Today we stand together, tomorrow we will win together,” Macron said....."
There is no logic, other than him being a total tool of the Great Re$et crowd or a Communi$t, and $ome are winning better than others.
How do you say holy shit in French?
Now what was that tool the French used about 250 years ago to deal with the ruling class?
Time to get it out of mothballs.
They strip-searched the women, too.
I'm $ure the fitte$t will survive, right?
He set the Chinese government on the defense in preparation for Biden:
It's the New York Times that is applying it as concerns grow about China’s increasingly aggressive behavior on the global stage, but we all know Biden will be collaborating with them. If not, China will trot out the kompromat on Hunter and the Big Guy.
Then again.....
"Foreigner observers reflect on chaos over US election; Many struggle to understand the growing mistrust of democratic institutions among voters" by Carol Morello The Washington Post, November 24, 2020
These are challenging times for foreigners whose job it is to interpret American politics.
As President Trump has used a string of maneuvers to attack the election he lost as fraudulent and illegitimate, many observers are perplexed as they watch the country they have known and admired floundering in a constitutional crisis and growing mistrust of democratic institutions.
For many, it is a struggle to maintain confidence that America's principles and ideals will prevail.
What ideals are those, aggressive warfare, torture, and economic sanctions?
Wealth inequality, rigged elections, a state of domestic tyranny, and a constantly lied to public?
Seems to be what we stand for these days because that is the society we have.
“People who know the US are shocked it’s going on so long,” said Michal Baranowski, the German Marshall Fund director of the office in Warsaw, of the post-election uncertainty and Trump’s refusal to concede. “We still say it will work out, because of the strength of US institutions, but, man, it’s taking a long time, and I’m beginning to worry.”
Al Gore didn't concede until the middle of December, and he then gaveled out every single member of the Black Caucus as no Democratic senator -- not one -- would sign their petition regarding the stolen election in Florida, and I suspect Trump will get the same treatment if such a thing is introduced by members of the Freedom Caucus, with Pence raging down the gavel this time.
Some foreign observers are also struggling to explain the US political drama to their baffled friends and colleagues.
Beyond the usual questions about the Electoral College and why anyone cares about the vote in Broward County, Fla., Barry Eidlin, a sociologist at McGill University in Montreal, keeps getting asked whether a country considered the beacon of democracy will have a peaceful transition of power come January.
“This year, it’s gone haywire, sort of on the Bush versus Gore level,” said Eidlin, a dual citizen who splits his time between California and Quebec. “It’s been a source of puzzlement and bewilderment. It’s on the level of, ‘what on earth is happening?’ It’s definitely a more challenging place to explain.”
So where does his loyalty lie?
After a delay of more than two weeks, the Trump administration officially allowed the transition to the Biden administration to begin late Monday, but Trump promised to continue challenging the election results, saying "I believe we will prevail!"
The election that the president and his allies are disputing bears little resemblance to the observations by a mission sent over from the Organization for Security and Cooperation in Europe. The United States is a member, and the State Department invited the group of more than 100 observers to come watch. In an interim report released the day after the vote, the organization praised poll workers and lambasted Trump for sowing doubt on the election’s legitimacy. Their criticism of the president has not ebbed.
Trump’s accusations distinguish this election from the previous eight the organization has observed, said Kari Henriksen, a member of Norway’s Parliament who headed the OSCE Parliamentary Assembly’s group of observers.
“People have big expectations of the US as a good, functional democracy,” she said. “Therefore, it is astonishing that we experience this kind of mistrust from a president when the US is the leading country in the world regarding democracy. That is one of the issues that makes this very, very special.”
Henriksen praised the enthusiasm of voters this year and the diligence of election workers in polling stations where the mission was allowed to observe.
"They were all so concerned and dedicated to being proper and counting very seriously," she said. "That was one of the strongest reflections I had after the elections. It was a strong democracy among the people, and election workers, to make this right and let their voices be heard."
Even if they are fraudulent ballots or vote-flipping software!
Even as some leading Republicans have started to publicly criticize Trump's strategy, foreign analysts are looking at the long-term impact of the post-election impasse.
Oddly enough, this is the biggest fight of his presidency.
The final report by election observers is not expected before late December or January, but already, Henriksen is calling the mistrust engendered by the White House “a pity” for American democracy, and the world.
“It’s important for Americans, for people in the rest of the world, to fight for democracy,” she said. “This is not anything that comes by itself. Democracy has to be fought for, again and again.”
What a way to keep the ENDLESS WARS going with that BUZZWORD they have used for a century when the country has always been an oligarchy!
Krzysztof Pelc, a political science professor at McGill University, said Trump's refusal to admit he lost and the GOP's reluctance to publicly rebuke him suggest that the Trump phenomenon will not end when he leaves office.
"The spectacle of the past weeks implies that even if the White House becomes more open to greater cooperation with its allies, it may simply be unable to act on those good intentions," he said.
“The great lesson that US allies have drawn from the past four years is that the American ideals of democratic freedom and openness rest on a fragile basis. American political institutions have proven more delicate than most international observers thought. As a result, we are always one election away from US commitments coming undone.”
Now back into lockdown!
--more--"
I'm told Trump is dishonoring the office like a Boy Scouts as Biden takes his cue from Muhammad Ali and knocks out the Iran nuclear deal.
Also see:
But his genocidal brother does as the American health care system is reinvented and he worries whether voting was safe.
Zeke thinks that those who live past 75 years of age require too much medical care and have a negative impact on society, and here is a direct quote of his: “These people who live a vigorous life to 70, 80, 90 years of age – when I look at what those people ‘do,’ almost all of it is what I classify as play. It’s not meaningful work. They’re riding motorcycles; they’re hiking. Which can all have value – don’t get me wrong. But if it’s the main thing in your life? Ummm, that’s not probably a meaningful life.”
{@@##$$%%^^&&}
Back to bu$ine$$ as u$ual:
"Joe, don’t wait to cut a deal with the GOP on the economy; The president-elect should press for a rescue package big enough to be effective but still able to get through the Republican Senate" by Larry Edelman Globe Columnist, November 24, 2020
Joe Biden doesn’t take office for another 56 days, but he and House Speaker Nancy Pelosi should move ASAP to strike a deal with Republicans for another big economic relief package.
Why the rush? Why horse-trade now, after House Democrats stood firm for months on their $2.2 trillion stimulus plan while obstructionist Senate leader Mitch McConnell wouldn’t budge from his stingy $500 billion spending limit?
We know why.
“Going big” on pandemic stimulus is good politics but bad economic policy — at least right now. The Democrats have refused to compromise progressive principles as they try to mitigate the damage caused by President Trump and the GOP’s botched response to the coronavirus crisis. That will only hurt the people Democrats are trying to help, and some party leaders are starting to realize it.
I don't know how you botch a response when the death toll is 1/10th of what we were told it was going to be, but beyond that is the disingenuous of the Globe reporter as he acknowledges that the American people were held hostage and fucked by the Democrats for electoral purposes.
Btw, it COULDN'T HAVE BEEN GOOD POLITICS since Pelosi LOST SEATS in the HOUSE and the Democrats failed to take the Senate.
Of course, The Globe report said it so it must be true.
If that makes you feel better, whatever.
Come the end of December, the federal emergency unemployment checks that supported millions of families through the pandemic will disappear. Millions of small-business owners need a cash cushion as new restrictions are imposed across the country to slow the crush of COVID-19 cases, and the Treasury Department is slated to pull the plug on several Federal Reserve lending programs that could bolster small businesses and cash-strapped state and local governments during the rough winter months.
I'm $ure Congress with authorize it.
Meanwhile, the powerful economic recovery that took off in May is weakening. While a “double-dip” recession is hardly inevitable, the prospect of more financial pain for many of the most vulnerable Americans is certain without action by Congress.
Now it was a powerful economic recovery that took off (Kushner said we would be rocking by July, but the jobs are still half of what was shed in March and April), and I guess he didn't clear the column with the Biden campaign.
“Speed is more important than size when it comes to the next fiscal rescue package,” said Mark Zandi, chief economist at Moody’s Analytics. “The economic recovery is struggling with the intensifying pandemic and the expiration of what fiscal support remains, and threatens to stall out or even backtrack.”
Oh, NOW SPEED is IMPORTANT!
Not BEFORE the ELECTION, though!
Unless the Democrats win the two runoff elections for Senate in Georgia — a tall order — McConnell and the GOP will cling to control of the Senate, making it impossible for Democrats to dictate terms of a stimulus agreement. So there’s little sense in waiting until after Biden is sworn in on Jan. 20 to get to work.
I don't discount further Democrat shenanigans there. They have gone this far.
“They will have to negotiate with McConnell to get anything done,” said Megan Greene, an economist and senior fellow at the Harvard Kennedy School’s Mossavar-Rahmani Center for Business and Government. Waiting only increases the amount of money Congress will need to spend, she said, but Greene points out one big reason why Democrats are reluctant to scale back their stimulus proposals. When Barack Obama became president in the midst of the Great Recession, he compromised with Republicans to pass the $830 billion American Recovery and Reinvestment Act in February 2009. Many Democrats argued that he should have pressed for more, and that the party took the blame for the anemic rebound that followed.
We were told it was an Obama boom and great economy back in the day!
“Obama knew it was insufficient. The administration thought they could ‘top up’ later, but they couldn’t get it done later,” Greene said.
Here’s a second reason: “It would set the worst possible precedent for the Biden administration,” said Robert Shapiro, a Washington consultant on economic and security issues. “If they are going to cave to the Republicans on this, Mitch McConnell will have no incentive to compromise on anything.”
Shapiro, a longtime adviser to Democratic presidential campaigns, said the Democrats shouldn’t “push aside the politics to help people; they need to use the politics to help people,” but there are alternatives to the extremes of caving in, or digging in.
The Democrats’ plan is ambitious but weighed down by measures that don’t address the most urgent economic needs: bolstering incomes, protecting jobs, and shoring up municipal finances. A few examples: The $2.6 billion earmarked for rural electric cooperatives can wait. So can the $400 million set aside for the Census Bureau and the $350 million for the Animal and Plant Health Inspection Service to “ensure continued inspections of agricultural products in order to keep pests and diseases from entering the US.”
Yeah, right, inspection of our food supply can wait!
Bring on the famine!
Instead, lawmakers must build a package around the spending both sides agree is needed, including direct stimulus checks to households, a second round of forgivable loans for small businesses under the Paycheck Protection Program, extending federal jobless payments through next year, and money for airlines and K-12 schools and colleges.
In return for the GOP priority of coronavirus liability protection for businesses, Democrats should get a big chunk of the $57 billion they are seeking for child care, which is more than Republicans want to spend. Instead of restoring the $600 a week in extra unemployment pay that expired in the summer, Democrats should accept $300 to $400 — which is more in line with GOP thinking — as long as it remains in effect for all of next year or until the jobless rate returns to pre-pandemic levels.
OMG, they are HOLDING the KIDS HOSTAGES for BU$INE$$ IMMUNITY!
“I just hope that we can get agreement. It may not be everything that everybody wants but at least if we can get some significant relief to people,” House majority leader Steny Hoyer told CQ-Roll Call last week.
“Let’s get something done that is significant, do what we can achieve now,” Senator Dick Durbin, the chamber’s second-highest-ranking Democrat, said in a recent CNN interview.
Yeah, after the election was stolen.
Politics is f**king $ickening at this point, and we would all be better off without them.
Of course, there are sticking points, and the biggest is aid for state and local governments. Democrats have proposed $436 billion to make sure they can pay first responders and health workers and balance their budgets despite declining tax revenues. McConnell calls this a “blue state bailout” and has offered exactly nothing.
Here’s where Democrats should hang tight. Government layoffs and cuts to human services and transportation are the next big shoe to drop in this crisis. Congress needs to get ahead of the problem, and that’s where Biden and his nominee for Treasury secretary, former Federal Reserve chair Janet Yellen, will need to push hard.
Don't think we didn't notice that government hasn't sacrificed at all so far while they ordered our livelihoods and way of life destroyed.
Yellen is an economist who understands the importance of using stimulus to preserve jobs during tough times, but she also knows the give-and-take of politics, having served as head of the White House Council of Economic Advisers during the Clinton administration.
Preserve jobs that are never coming back will be this repulsive creature.
Hopefully, she will make a convincing case for a rescue package that is both big enough and delivered quickly enough to be effective.
“If lawmakers wait until after President-elect Biden’s inauguration in late January to come to terms, I suspect the economy will be weak enough to generate enough political will for a bigger rescue package,” Zandi of Moody’s Analytics said, “but this will be too late for many renters, small businesses, and . . . government employees.”
Yeah, let the printing pre$$es go wild and run forever.
GROSS
--more--"
This post is cre$ting with the Globe's top bu$ine$$ story of the day:
"Dow crests 30,000 points on vaccine hopes, Biden transition" by Alex Veiga and Damian J. Troise, Associated Press
The Dow Jones Industrial Average closed above 30,000 points for the first time Tuesday as progress in the development of coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin kept investors in a buying mood.
Traders were also encouraged to see that Biden had selected Janet Yellen, a widely respected former Federal Reserve chair, as treasury secretary. The Dow rose more than 450 points, or 1.5 percent, to cross the milestone. The S&P 500 index, which has a far greater impact on 401(k) accounts than the Dow, rose 1.6 percent, climbing to its own all-time high.
Trump said something about that in a weird pre$$er.
The gains extend a monthlong market rally driven by growing optimism that development of coronavirus vaccines and treatments will loosen the pandemic’s stranglehold on the economy. They also mark a rapid climb for the Dow from its March 23 low of just under 18,600 during the worst of its early pandemic nosedive.
It also allows the pharma execs to ca$h out quick!
“We are one step closer to moving past the election uncertainty,” said Lindsey Bell, chief investment strategist at Ally Invest. “People are still optimistic about what 2021 has to bring, from an economic perspective and an earnings perspective.”
Traders continued to favor stocks that stand to gain the most from a gradual reopening of the economy, such as banks and industrial companies. Technology and communication stocks, which have been investor favorites through the pandemic, also helped lift the market.
“There’s some relief that Biden is choosing moderates to fill out the cabinet,” said Barry Bannister, head of institutional equity strategy at Stifel. Bannister also said the encouraging vaccine news continues to give hope that there is an end in sight to the pandemic.
Some are complaining, but why are they surprised?
Btw, there is no end in sight even though there is no pandemic and never was one.
On Monday, the head of the federal General Services Administration acknowledged that Biden is the apparent winner of this month’s presidential election. That allows the incoming president to coordinate with federal agencies on plans for taking over on Jan. 20, despite ongoing efforts by President Donald Trump to overturn the election.
That is so upside down, and done so the narrative can be Trump stole the election should he rightly prevail.
Word that Biden has chosen Yellen as treasury secretary also added to investors’ confidence. Widely admired in the financial world, Yellen would be the first woman to lead the department in a line stretching back to Alexander Hamilton in 1789, taking on a pivotal role to help shape policies at a perilous time.
Hamilton was a Rothschild agent.
“She’s also pretty pro-fiscal stimulus and she’s able to effectively work with people across the aisle,” Bell said. “She showed that in her time at the Fed.”
Stocks have been pushing higher this month, driving the S&P 500 up by more than 11 percent, as investors have grown more hopeful that the development of coronavirus vaccines and treatments will help pave the way for the economy to recover next year.
On Monday, drugmaker AstraZeneca reported surprisingly good results from ongoing vaccine studies. It said its potential vaccine, which is being developed with Oxford University, was up to 90 percent effective. Unlike rival candidates, AstraZeneca’s doesn’t have to be stored at ultra-cold temperatures, making it easier to distribute.
I suppose they will be the ones selling their stock next, and notice how the Globe NEVER MENTIONS ANY ADVERSE EFFECTS?
Last week, Pfizer and Moderna both reported study results showing their vaccines were almost 95 percent effective, and, over the weekend, Regeneron Pharmaceuticals received U.S. government approval for emergency use of its COVID-19 treatment. The drug, which Trump received when he was sickened last month, is meant to try to prevent hospitalization and worsening disease from developing in patients with mild-to-moderate symptoms.
Trump recovering over a weekend put the cherry on top of the COVID charade and fraud, really, and exposed him as part of the show. He wants credit for War Speed. How evil is that?
The vaccine developments are tempering lingering concerns over rising virus cases in the U.S., as well as in Asia and other parts of the world, and new government restrictions on businesses aimed at limiting the spread.
Treasury yields rose as investors became more optimistic about the prospects for economic growth. The yield on the benchmark 10-year Treasury note rose to 0.88 percent from 0.84 percent late Monday.
Look what a stolen election will do for you!
U.S. markets will be closed Thursday for the Thanksgiving holiday. They will be open for half the day on Friday, closing at 1 p.m. Eastern. European markets ended broadly higher, while Asian markets closed mixed.....
I won't be blogging tomorrow, either. I will be celebrating my dream Thanksgiving alone in my little hovel, dressed in my skid-marked underwear and sweatpants, watching football, and with all the pre-packaged and pre-prepared corporate goodies from the local supermarket.
Woe to the person who disturbs me!
--more--"
These guys have a lot for which to be thankful:
"Elon Musk’s year of dizzying ascents has hit a new apex as the Tesla cofounder passed Bill Gates to become the world’s second-richest person, with a net worth estimated at almost $128 billion. The 49-year-old entrepreneur has added $100.3 billion to his net worth this year alone, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. In January he ranked 35th. His advance up the wealth ranks has been driven largely by the electric automaker, whose market value hit $500 billion this week. About three-quarters of his net worth is comprised of Tesla shares. Musk’s milestone marks only the second time in the index’s eight-year history that Microsoft cofounder Gates has ranked lower than number two. He held the top spot for years before being bumped by Amazon.com Inc. founder Jeff Bezos in 2017. Gates’s net worth of $127.7 billion would be much higher had he not donated so prodigiously to charity over the years. He has given more than $27 billion to his namesake foundation since 2006."
An afterthought of a talking point judging by its placement, and the $elf-$erving psychopath and control freak Bill Gates is so generous. Be thankful for him and his vaccines this Thanksgiving.
Now if you will excuse me, I need to go pray to the porcelain god after that one.
