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“Burn That Mask! Burn That Mask!” – Huntington Beach Protesters March In Defiance Of California’s New Curfew

"Burn That Mask! Burn That Mask!" – Huntington Beach Protesters March In Defiance Of California’s New Curfew

Tyler Durden

Sun, 11/22/2020 – 12:05

In Huntington Beach, southern California, Protesters took to the streets Saturday…

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"Burn That Mask! Burn That Mask!" - Huntington Beach Protesters March In Defiance Of California's New Curfew Tyler Durden Sun, 11/22/2020 - 12:05

In Huntington Beach, southern California, Protesters took to the streets Saturday night, minutes after California's new curfew went into effect, to speak out against Gov. Gavin Newsom's latest coronavirus curfew. 

According to CBS Los Angeles, non-essential work and all social gatherings must stop at 2200 hours to 0500 hours. The demonstration billed as "Curfew Breakers" began at 2201 hours, precisely one minute after the new curfew went into effect on the beachside community. The curfew was also imposed on 41 of California's 58 counties to mitigate the spread of COVID-19. 

Video on Twitter surfaced late Saturday - showing hundreds of demonstrators - many with American and Trump 2020 flags - lining the streets of Hunting Beach to denounce the new curfew. 

Judging by videos on Twitter, the demonstration seemed more like a New Year's Eve-style celebration. 

Despite the protest's modest size, RT News said it began "trending on Twitter, as both supporters and critics weighed in on the small act of civil disobedience." 

Lee Greenwood's patriotic song, "God Bless the USA," could be heard playing in one video as patriotic flags were waved. 

Demonstrators also burned coronavirus masks as a crowd was heard chanting: "Burn that mask! Burn that mask!" Folks at the rally must have read the latest study from Denmark, outlining how masks do very little to stop COVID-19.  

CBS Los Angeles said Orange County sheriffs and other Southern California law enforcement officials did not enforce the curfew. 

The demonstration comes as the state - like many others across the US - has recorded a rapid surge of virus cases, hospitalizations, and deaths.

More protests, not just in California, but in other parts of the country, are expected in the weeks ahead as state and local governments enforce more draconian measures to mitigate the virus spread. 

With anti-curfew/lockdown protesters out in the streets on both sides of the Atlantic as the pandemic ravages the Western world and could result in a double-dip recession - the socio-economic implosion, along with the public health crisis, is expected to continue through early 2021. 

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Government

Countdown To The Next Lockdown: Biden Says “In All Probability” US Will See More Restrictions

Countdown To The Next Lockdown: Biden Says "In All Probability" US Will See More Restrictions

By now the narrative has gotten so absurdly grotesque and stupid, it’s as if a platoon of monkeys or, worse, woke SNL writers put it on the back…

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Countdown To The Next Lockdown: Biden Says "In All Probability" US Will See More Restrictions

By now the narrative has gotten so absurdly grotesque and stupid, it's as if a platoon of monkeys or, worse, woke SNL writers put it on the back of a shampoo bottle.

Today, when we discussed how US consumers have already burned through almost all of their savings from Biden's fiscal firehose... 

... just as the next burst of inflation is about to come and unleash a stagflationary recession or worse, we said that "there is just one event that could short circuit what appears to be a near-certain recession heading into 2022 and mid-term elections which would be devastating for Democrats faced with an imploding economy: another multi-trillion stimulus, just enough to kick the can by another 4-6 months. But for that to happen, the US economy needs to be shut down again which will only happen only once there is enough covid Delta-variant fearmongering. Which should also explain everything that's happening right now."

Well, guess what: after the CDC's legendary flipflop which has steamrolled the credibility of "science", and concurrent narrative whiplash it has made even the head of ultra-left liberals spin, today the president who earlier needed an aide to tell him he has "something" stuck to his chin, laid out the Delta endgame when he said that the US will, "in all probability," see more guidelines and restrictions amid rising coronavirus cases...

... even if actual deaths - you know, the supposed reason why the CDC is so terrified of covid - have not budged.

Coming from a president who needs a teleprompter to be reminded what day it is, it wasn't exactly surprising that Biden refuted the official White House position set just hours earlier on Friday, when White House deputy press secretary Karine Jean-Pierre told reporters, "the way we see this is that we have the tools in our tool belt to fight this, this, this variant," adding, "we are not going to head towards a lockdown." She added that "our goal is to make sure that we are not headed towards that -- that is not going to be the direction that we take, because we have the tools to prevent that," Jean-Pierre said, unaware that her boss would make a mockery of her words just minutes later.

The administration's conflicting comments come as a new study, leaked Friday by the US Centers for Disease Control and Prevention, showed that the variant produces similar amounts of virus in vaccinated and unvaccinated people if they get infected, in effect also making a mockery of the entire previous "get vaccinated and be safe" narrative. But there was no choice: the finding "was a pivotal discovery leading to CDC's updated mask recommendation," Dr. Rochelle Walensky, director of the CDC, said Friday.

What she meant is that to have all the narrative pieces that the media needs to persuade America that another lockdown is in its own favor in order to release another $1-2 trillion in stimmies in a time when the admin is openly paying vaccine holdouts hundreds (and soon thousands) of dollars to get a jab, some sacrifices in terms of script continuity had to be made. As for the rest - well, that's what a propaganda media is for.

Seeking to further demonize the unvaccinated, yet terrified of signing an unconstitutional executive order demanding everyone gets a jab with an experimental vaccine that still hasn't gotten official FDA approval, the president has instead been urging corporations to do his dirty work for him and demanding that all employees get vaccinated. The wokest of them are already complying.

Biden also announced a number of new steps his administration will take to try to get more Americans vaccinated, including requiring that all federal employees must attest to being vaccinated against Covid-19 or face strict protocols (except for the USPS of course - one can't piss off that particular labor union or the republicans will be celebrating an avalanche next November). And just to ensure that social animosity and hatred hits a new record, Biden slammed those unvaccinated Americans who believe they should have the final say over what goes into their bodies, be it a Chinese-engineered virus, or an experimental drug meant to enrich Pfizer shareholders: "You present a problem to yourself, to your family and to those with whom you work" Biden said.

And then there were the bribes: like any self-respecting liberal, Biden decided that the best way to incentivize tens of millions is to just give them free money, and this week the administration called on states, territories and local governments to do more to incentivize vaccination, including offering $100 to Americans for getting vaccinated, paid for with American Rescue Plan funding. Of course, since not everyone is an idiot, the unvaccinated now have an even greater reason to hold out, waiting for the bribe to grow to $200, $400, $800 and so on. Which in a country where printing and handing out money is the only business model left, may well be the real motive.

The administration chickened out short of pursuing a vaccination requirement for the entire country, however. Biden said Thursday that he didn't know yet whether the federal government had the power to require vaccines, and White House Covid-19 Response Coordinator Jeff Zients told CNN's Wolf Blitzer that the administration is not considering a nationwide requirement.

"That's not an authority that we're exploring at all," Zients said; so instead of doing what Biden believes in - or at least pretends to - he will pass the potato and force corporations to do Biden's dirty work for him and fire all those who refuse to get jabbed. At least they have many more years of stimmies to look forward to: after all, we are only on the Delta variant - by the time we get to Omega, the Fed will be printing a few hundred quadrillion every day...

Tyler Durden Fri, 07/30/2021 - 22:04

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Economics

Amwell dials in deals worth $320m to buy two digital health players

US telehealth group Amwell has agreed to buy two digital health specialists – SilverCloud Health and Conversa Health
The post Amwell dials in deals worth $320m to buy two digital health players appeared first on .

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US telehealth group Amwell has agreed to buy two digital health specialists – SilverCloud Health and Conversa Health – as it looks to expand its services amid a boom in virtual healthcare delivery.

SilverCloud specialises in digital cognitive behavioural health programmes aimed at people with mental health issues like anxiety and depression, while Conversa offers a telehealth-based patient engagement platform.

The telehealth specialist said it is paying a combined $320 million for the two business, which will be paid for using a mix of stock and cash. The two businesses will add around $15 million to its revenues this year, doubling to $30 million in 2022, said Amwell, and will also expand its client base.

Amwell is one of the larger players in the US market, providing telemedicine to more than 2,000 hospitals and 55 health plan partners with more than 36,000 employers, and recording $202 million in revenue in the 12 months ended June 30.

The company’s spending power has ballooned in the last few months following a $100 million investment from Alphabet’s Google and an initial public offering that raised gross proceeds of around $740 million.

In its IPO prospectus, Amwell indicated it planned to use some of the proceeds for acquisitions to bolt on new products and services. Adding SilverCloud and Conversa would help it develop a platform that blends “in-person, virtual and digital care,” said co-chief executive Ido Schoenberg.

SilverCloud’s platform is being used by 300 organisations including big healthcare providers in the US like Kaiser-Pernamente, Optum and Providence Health, as well as more 80% of the UK’s NHS mental health services, said Amwell.

Conversa’s technology meanwhile is being used by healthcare organisations across the US like Northwell Health, UCSF Health and UNC Health to engage with patients using automated text-based conversations between clinician visits.

The coronavirus pandemic has resulted in a dramatic increase in the use of telehealth in the US and elsewhere, and in turn seems to have prompted companies to look at consolidation, cutting strategic deals to enhance their presence, and avoid falling behind the competition.

Last year, for example, Teladoc and Livongo announced an $18.5 billion merger to create a digital health giant with pro forma sales of $1.3 billion from the combination of telehealth systems and health monitoring tools.

The big players are preparing for what Frost & Sullivan recently predicted could be sevenfold growth in telehealth by 2025, an annual growth rate of more than 38%.

This year, M&A has stepped up even further with an average of 22 acquisitions each month compared to a rate of 12 in 2020, according to investment group Rock Health, which expects tech companies like Amazon, Microsoft and Google to play a key part in the consolidation of the sector.

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Spread & Containment

Yen edges lower on mixed Japanese data

The Japanese yen has reversed directions on Friday and is slightly lower. Currently, USD/JPY is trading at 109.70, up 0.22% on the day. Fed Chair Jerome Powell performed masterfully at this week’s FOMC meeting, and the markets took the Fed’s rather…

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The Japanese yen has reversed directions on Friday and is slightly lower. Currently, USD/JPY is trading at 109.70, up 0.22% on the day.

Fed Chair Jerome Powell performed masterfully at this week’s FOMC meeting, and the markets took the Fed’s rather dovish message in stride. Powell stuck to his well-worn script that the surge in inflation is transitory, and offered the markets a bone by stating that a taper in September was a possibility. However, Powell qualified a September move by stating that the Fed would first have to see a substantial improvement in employment, namely nonfarm payroll reports.

This gives the Fed some breathing room, with a couple of inflation and employment reports to be released before policymakers have to make a taper decision at the September policy meeting. The Fed has not ruled out a September taper, but could decide to wait until the fourth quarter (0r even later) before tightening policy.

This week’s key US events, which missed the consensus, reinforces the Fed’s dovish stance and insistence that the US economy, although clearly in recovery mode, still requires monetary stimulus. Advance GDP for the second quarter and unemployment claims both fell short of the forecast.

In Japan, today’s data was positive. Industrial Production for June (YoY) rebounded with a strong gain of 6.2%, above the forecast of 5.0% and up sharply from the May read of -6.5%. Retail Sales for May (MoM) posted a gain of 3.1%, bouncing back from the previous read of -0.4%.

IMF downgrades Japan

Covid remains a significant problem in Japan, as the country continues to struggle to contain the pandemic, The Olympic Games in Tokyo could aggravate the situation, with thousands of foreigners competing in the games. Earlier this week, the International Monetary Fund projected that Japan’s economy will expand 2.8% in 2021 (YoY), which is down from 3.3% in the April forecast. The report noted that Japan was facing a “further downside risk” to the economy due to the state of emergency in Tokyo.

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USD/JPY Technical

  • USD/JPY faces resistance at 111.07. Next, there is resistance at 111.59
  •  On the downside, the pair is testing support at 109.55. Below, we find support at 108.55

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