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California Hospitals Slammed As Illegal Immigration Costs Soar

California Hospitals Slammed As Illegal Immigration Costs Soar

Authored by Brad Jones and John Fredricks via The Epoch Times (emphasis ours),




California Hospitals Slammed As Illegal Immigration Costs Soar

Authored by Brad Jones and John Fredricks via The Epoch Times (emphasis ours),

Some hospitals in Southern California are struggling with an influx of illegal immigrants amid the border crisis, while American patients are enduring longer wait times for doctor appointments due to a nursing shortage in the state, according to two health care professionals.

Illegal immigrants who passed through a gap in the U.S. border wall await processing by Border Patrol agents in Jacumba, Calif., on Dec. 7, 2023. (John Fredricks/The Epoch Times)

A health care worker at a hospital in Southern California, who asked not to be named for fear of losing her job, told The Epoch Times that “the entire health care system is just being bombarded” by a steady stream of illegal migrants in recent years.

Some migrants get hurt crossing the desert or injured climbing the border wall, while others are injured in accidents, especially when too many occupants are packed into one vehicle, said the health care worker.

Severely injured illegal migrants are often rescued by helicopter and flown to trauma centers in Southern California, she said.

They’re falling off the wall,” she said. “They’re always flown. They’re never put in the back of an ambulance.”

With a typical helicopter rescue costing around $30,000, without factoring in the costs of medication and medical staff at the hospitals, “who pays for that?” she asked.

Our health care system is so overwhelmed, and then add on top of that tuberculosis, COVID-19, and other diseases from all over the world,” she said.

Total U.S. apprehensions of illegal and inadmissible aliens in fiscal year 2023—from Oct. 1, 2022, to Sept. 30, 2023—were 3.2 million. In fiscal year 2022, it was more than 2.7 million. Counting “known gotaways”—those who Border Patrol agents record but don’t catch—more than 8 million illegal immigrants have entered the country in less than three years under the Biden administration.

Illegal immigrants who passed through a gap in the U.S. border wall await processing by Border Patrol agents in Jacumba, Calif., on Dec. 7, 2023. (John Fredricks/The Epoch Times)
A Mercy Air helicopter in Imperial, Calif., on Dec. 6, 2023. (John Fredricks/The Epoch Times)

Language Barrier

Illegal migrant patients are usually accompanied by their sponsors who advocate for them, but language barriers still pose a problem for doctors and other hospital staff, said the health care worker.

Not everybody can speak the languages of these patients,” she said. “That’s another burden.”

Hospitals need to hire either translators or staff that can speak all the languages of the patients crossing the border from dozens of different countries, she said.

“Of course, there’s nothing wrong with learning another language or having people that can accommodate their health care,” she said. “Nobody wants to see somebody in pain or hurting in need of medicine. But, at the same time, it’s at the expense of others.”

The “others,” she said, are American patients, as well as taxpayers who are ultimately footing the bill.

Patients often have their doctor’s appointments “pushed back,” to accommodate the medical needs of illegal migrants, the health care worker said.

“They get in a lot quicker than our Veterans Affairs [VA] and retired military patients. They get in a lot faster, and they get the best care—probably better care than the VA patients do,” she said.

Typically, VA patients usually wait months to be seen by a specialist while illegal migrants who just crossed the border are seen the same week, she said.

“I’ve seen that firsthand,” she said. “We hear it from VA patients all day, every day.”

When Border Patrol agents bring patients to the hospitals, there is an “air of secrecy” that follows them.

“No one is allowed to talk to the media or public about why they are there or how they got there,” she said. “We keep them in this bubble of protection, which is the wrong approach. We should let the public know.”

The government is using “patient privacy” as a shield to hide what they’re doing.

“Patient privacy is a priority in the health care field, but when it comes to illegals, it’s branching off into elitism or a protected class,” she said.

Illegal immigrants captured by U.S. Border Patrol agents go through a processing center near San Diego on May 31, 2023. (John Fredricks/The Epoch Times)

ICE Detention Facility

An experienced doctor in Southern California, who spoke to The Epoch Times on the condition of anonymity for fear of retaliation, said the influx of illegal migrants to San Diego and Imperial counties is “just outrageous” and the burden of care on hospitals is “overwhelming.”

He also said he is concerned about the secrecy surrounding non-government organizations, or NGOs, that are being paid to provide services to illegal migrants.

“Where’s the transparency?” he asked. “There’s been no transparency.”

The doctor said in 2020, at the outset of the pandemic, he was involved in a planned government contract for COVID testing, but it was canceled at the last minute.

“We started testing and treating patients and then ... they kicked us out,”he said. “They said your contract has been terminated and replaced with some company that was from out of the area. So, they’re not even using local contractors ... which takes away money, resources, and jobs from our community.”

Amid a statewide shortage of primary care doctors and nurses, the doctor said three nurse practitioners he trained at his practice were recruited with better pay and benefits to work at the Immigration and Custom Enforcement (ICE) detention center in El Centro, Calif.

“It’s a huge place, and so there are lots of resources being used at that facility. A lot of nurse practitioners are being pulled from us,” he said. “It’s really hard to get doctors out in our area, so we have a lot of nurse-practitioners that help physicians in the community because they can see patients and prescribe medications.”

Increasingly, more patients are going to urgent care clinics because they can’t get in to see their primary care doctors, he said.

There is a huge shortage of primary care in Imperial County,” he said. “Appointment times are weeks to months out.”

“Border cities are having to deal with the influx without having the resources. When you take from the resources that are currently available, you’re depriving the community of those resources,” the doctor said. “The unintended result is it backs up the system.”

A hospital in Garden Grove, Calif., on Dec. 20. 2023. (John Fredricks/Te Epoch Times)
Illegal immigrants pass through a gap in the U.S. border wall to await processing by Border Patrol agents in Jacumba, Calif., on Dec. 7, 2023. (John Fredricks/The Epoch Times)

Disease and Injuries

Tuberculosis (TB) patients, for example, can tie up hospital beds for month depending on the severity of infection, the doctor said.

You can’t let them out, because it’s a public health issue, so they’re staying in the hospital. We had a patient stay for six months for full treatment, and the government is paying for all of it,” he said. “TB in the United States is pretty much gone except for in isolated border towns, but the rates in Imperial County are higher than I’ve ever seen anywhere, because of the influx from illegal migration.”

According to the Harvard Medical School’s Center for Global Health delivery, California’s Imperial County has reported an incidence of 38 TB cases per 100,000 people, nearly 10 times higher than the national average in the U.S., while Mexicali, Mexico—just across the border—has an incidence of 100 cases per 100,000, one of the highest rates in North America.

The center also indicates the number of TB cases are probably underreported, stating that “with more robust detection efforts, it’s likely that these rates would be much higher.”

Aside from TB and measles, sexually transmitted diseases such as, gonorrhea, syphilis, measles, and AIDS are on the rise, said the doctor.

Very rarely do you see syphilis anymore, but cases have gone up,” he said.

Illegal migrants also need treatment for injuries from lacerations from razor wire,” the doctor said.

“They cut their hands and legs when they’re jumping the fence. They usually put a jacket or something over the razor wire, but sometimes it comes through,” he said.

Because so many medical professionals and resources have been tapped to treat illegal migrants, American patients, including military veterans have been neglected, the doctor confirmed.

“It takes forever for these VA patients to get seen at the clinic. It’s months to get appointment. There is very limited care for the veterans out here,” he said. “The VA program has been neglected as a result of having to put more money into funding for the ICE detention centers.”

Illegal immigrants from Afghanistan who passed through a gap in the U.S. border wall await processing by Border Patrol agents in Jacumba, Calif., on Dec. 6, 2023. (John Fredricks/The Epoch Times)

Toll on Border Patrol Agents

The doctor, who also treats Border Patrol agents, said their job-related injuries “have gone through the roof.” He’s also noticed an increase in the number agents with mental health problems related to stress and anxiety.

Many agents say they’ve been taken out of the field to act as immigration processing clerks rather than doing what they were trained to do: patrol the border, he said.

They’re really frustrated. They’re not being listened to. They’re not getting the resources they need. They feel like their hands are tied. And, they’re being silenced,” he said. “They’ve become processing agents, rather than really trying to catch the bad guys—the criminals and the drugs.”

The agents also witness the aftermath of heinous crimes, including the abuse and rape of women and girls at the hands of Mexican drug cartels.

“A lot of the girls coming across—there’s a good percentage of them that have been abused during the trek. We’ve seen a few of them. We’re talking young girls—12 years old, 13 years old—pregnant from the journey. It’s extremely sad,” he said. “And so that takes a toll ... kids coming up by themselves, unaccompanied minors. You can see the human trafficking side of all of this as well. It does happen quite frequently.”

Suicides among agents have also increased. In 2022, 14 agents took their own lives, more than any other year since U.S. Customs and Border Protection (CBP) began tracking these deaths.

“Working long hours and responding to high-stress situations, our men and women in green and blue are being pushed to their breaking point every single day,” said U.S. Rep. Tony Gonzalez in a Dec. 15 press release.

Between 2007 and 2022, CBP lost 149 people to suicide, which is “among the highest rates compared to other law enforcement agencies.”

Illegal immigrants who passed through a gap in the U.S. border wall await processing by Border Patrol agents in Jacumba, Calif., on Dec. 7, 2023. (John Fredricks/The Epoch Times)

Costs of Illegal Immigration

According to the Federation for American Immigration Reform (FAIR), a nonprofit organization that pushes for changes in immigration policy, the cost of health care for illegal immigrants in California through Medi-Cal was approximately $4.8 billion per year in 2022.

FAIR estimated the total federal medical costs for illegal immigration at more than $23.1 billion in 2022 and pegged the costs to cover unpaid hospital bills for uninsured illegal migrants at about $8.2 billion.

The total cost of illegal immigration in California was around $22.8 billion annually for education, health care, law enforcement, criminal justice system costs, welfare, and other expenditures. By comparison, the annual cost of illegal immigration in Texas in 2022 was $9.9 billion. In California, the taxpayer cost per immigrant in 2023 was $7,074 compared to Texas at $4,466.

The FAIR study estimates the gross cost of illegal immigration in the United States is $183 billion annually, up more than 35.7 percent since 2017. The cost incurred for each illegal migrant, including their U.S.-born children, has increased to $8,776 annually.

FAIR says its report covers “the full fiscal impact of illegal immigration,” and “includes the contributions of illegal aliens to the economy.”

“These include tax payments made directly to state and local jurisdictions, the federal government, as well as excise, property, and sales taxes. However, these receipts fall far short of covering the expenses incurred due to illegal immigration. Taxes paid by illegal immigrants only covered around 17.2 percent of the costs they created for American citizens,” the report states.

When the taxes paid by illegal aliens are factored in, the net cost of illegal immigration to U.S. taxpayers is $150.7 billion, according to FAIR.

As of June 2023, FAIR estimates about 16.8 million illegal migrants live in the U.S., an increase of 1.3 million since January 2022 and a 2.3 million increase since the end of 2020, indicating the illegal migrant population increased 16 percent nationwide in the first two-and-a-half years of the Biden administration.

“Illegal immigration’s annual net burden on the economy, now more than $150 billion, is greater than the annual GDP output of 15 U.S. states,” according to FAIR.

Ira Mehlman, a FAIR spokesman, told the Epoch Times that on top of the staggering costs of illegal immigration—with 12,600 illegal migrants crossing the border on Dec. 19 alone, the highest on record for a single day—the Biden administration is “playing Russian roulette with the safety and security of the American public.”

“They’re simply ignoring laws. The law explicitly says that if you were in the country illegally, you are subject to deportation, and Mayorkas has said no, just being in the country, in and of itself, is not sufficient to remove somebody,” he said. “We all expect that there will be some incompetence in government and maybe even neglect, but now what we’re seeing is overt sabotage of our immigration laws by people who were sworn to uphold those laws.”

At a press conference on Dec. 21, White House Press Secretary Karine Jean-Pierre downplayed the border crisis, telling reporters the record number of illegal migrants at the southern border isn’t unusual.

“What we’re seeing here at the border, the migration flow, increased migration flows, certainly, it ebbs and flows,“ she said. “And we’re at a time of the year where we’re seeing more at the border, and it’s not unusual. This is an immigration system that has been broken for decades, and the president has taken this very seriously to try to do more.”

Federal agents place fencing to help curb migration surges on the US border in Tijuana, Mex., on May 11, 2023. (John Fredricks/The Epoch Times)

A Veteran’s View

Robert Hammond, a cancer patient and former Marine in Santa Ana, Calif., who retired early from his job as a school teacher because of his health, told The Epoch Times he was exposed to toxic chemicals in the water when he was stationed at Camp Lejeune in North Carolina.

Mr. Hammond said he has seen doctor appointments for veterans, including his own, pushed back for months because of the border crisis.

He said he questions the Biden administration’s sense of priorities when it “coddles people who break our laws to come here, and gives them money, food, housing, clothing, [and] free medical,” but then “turns its back” on not only veterans but all American citizens.

“The people who are responsible for this are more interested in seeing us veterans die. That’s how I feel. They don’t want us because they know we won’t vote for them.” he said. “But, the people who are coming in illegally, well, there’s a good chance that they’ll vote for them. We are disposable.”

The money spent on illegal migrants should be used for better health care and cancer research to improve the quality of life of American citizens, he said.

Mr. Hammond said he’s also concerned about national security, considering the surge in suspected terrorists who have entered the country illegally during the border crisis.

Tyler Durden Tue, 01/02/2024 - 21:00

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Net Zero, The Digital Panopticon, & The Future Of Food

Net Zero, The Digital Panopticon, & The Future Of Food

Authored by Colin Todhunter via,

The food transition, the energy…



Net Zero, The Digital Panopticon, & The Future Of Food

Authored by Colin Todhunter via,

The food transition, the energy transition, net-zero ideology, programmable central bank digital currencies, the censorship of free speech and clampdowns on protest. What’s it all about? To understand these processes, we need to first locate what is essentially a social and economic reset within the context of a collapsing financial system.

Writer Ted Reece notes that the general rate of profit has trended downwards from an estimated 43% in the 1870s to 17% in the 2000s. By late 2019, many companies could not generate enough profit. Falling turnover, squeezed margins, limited cashflows and highly leveraged balance sheets were prevalent.

Professor Fabio Vighi of Cardiff University has described how closing down the global economy in early 2020 under the guise of fighting a supposedly new and novel pathogen allowed the US Federal Reserve to flood collapsing financial markets (COVID relief) with freshly printed money without causing hyperinflation. Lockdowns curtailed economic activity, thereby removing demand for the newly printed money (credit) in the physical economy and preventing ‘contagion’.

According to investigative journalist Michael Byrant, €1.5 trillion was needed to deal with the crisis in Europe alone. The financial collapse staring European central bankers in the face came to a head in 2019. The appearance of a ‘novel virus’ provided a convenient cover story.

The European Central Bank agreed to a €1.31 trillion bailout of banks followed by the EU agreeing to a €750 billion recovery fund for European states and corporations. This package of long-term, ultra-cheap credit to hundreds of banks was sold to the public as a necessary programme to cushion the impact of the pandemic on businesses and workers.

In response to a collapsing neoliberalism, we are now seeing the rollout of an authoritarian great reset — an agenda that intends to reshape the economy and change how we live.


The new economy is to be dominated by a handful of tech giants, global conglomerates and e-commerce platforms, and new markets will also be created through the financialisation of nature, which is to be colonised, commodified and traded under the notion of protecting the environment.

In recent years, we have witnessed an overaccumulation of capital, and the creation of such markets will provide fresh investment opportunities (including dodgy carbon offsetting Ponzi schemes)  for the super-rich to park their wealth and prosper.

This great reset envisages a transformation of Western societies, resulting in permanent restrictions on fundamental liberties and mass surveillance. Being rolled out under the benign term of a ‘Fourth Industrial Revolution’, the World Economic Forum (WEF) says the public will eventually ‘rent’ everything they require (remember the WEF video ‘you will own nothing and be happy’?): stripping the right of ownership under the guise of a ‘green economy’ and underpinned by the rhetoric of ‘sustainable consumption’ and ‘climate emergency’.

Climate alarmism and the mantra of sustainability are about promoting money-making schemes. But they also serve another purpose: social control.

Neoliberalism has run its course, resulting in the impoverishment of large sections of the population. But to dampen dissent and lower expectations, the levels of personal freedom we have been used to will not be tolerated. This means that the wider population will be subjected to the discipline of an emerging surveillance state.

To push back against any dissent, ordinary people are being told that they must sacrifice personal liberty in order to protect public health, societal security (those terrible Russians, Islamic extremists or that Sunak-designated bogeyman George Galloway) or the climate. Unlike in the old normal of neoliberalism, an ideological shift is occurring whereby personal freedoms are increasingly depicted as being dangerous because they run counter to the collective good.

The real reason for this ideological shift is to ensure that the masses get used to lower living standards and accept them. Consider, for instance, the Bank of England’s chief economist Huw Pill saying that people should ‘accept’ being poorer. And then there is Rob Kapito of the world’s biggest asset management firm BlackRock, who says that a “very entitled” generation must deal with scarcity for the first time in their lives.

At the same time, to muddy the waters, the message is that lower living standards are the result of the conflict in Ukraine and supply shocks that both the war and ‘the virus’ have caused.

The net-zero carbon emissions agenda will help legitimise lower living standards (reducing your carbon footprint) while reinforcing the notion that our rights must be sacrificed for the greater good. You will own nothing, not because the rich and their neoliberal agenda made you poor but because you will be instructed to stop being irresponsible and must act to protect the planet.


But what of this shift towards net-zero greenhouse gas emissions and the plan to slash our carbon footprints? Is it even feasible or necessary?

Gordon Hughes, a former World Bank economist and current professor of economics at the University of Edinburgh, says in a new report that current UK and European net-zero policies will likely lead to further economic ruin.

Apparently, the only viable way to raise the cash for sufficient new capital expenditure (on wind and solar infrastructure) would be a two decades-long reduction in private consumption of up to 10 per cent. Such a shock has never occurred in the last century outside war; even then, never for more than a decade.

But this agenda will also cause serious environmental degradation. So says Andrew Nikiforuk in the article The Rising Chorus of Renewable Energy Skeptics, which outlines how the green techno-dream is vastly destructive.

He lists the devastating environmental impacts of an even more mineral-intensive system based on renewables and warns:

“The whole process of replacing a declining system with a more complex mining-based enterprise is now supposed to take place with a fragile banking system, dysfunctional democracies, broken supply chains, critical mineral shortages and hostile geopolitics.”

All of this assumes that global warming is real and anthropogenic. Not everyone agrees. In the article Global warming and the confrontation between the West and the rest of the world, journalist Thierry Meyssan argues that net zero is based on political ideology rather than science. But to state such things has become heresy in the Western countries and shouted down with accusations of ‘climate science denial’.

Regardless of such concerns, the march towards net zero continues, and key to this is the United Nations Agenda 2030 for Sustainable Development Goals.

Today, almost every business or corporate report, website or brochure includes a multitude of references to ‘carbon footprints’, ‘sustainability’, ‘net zero’ or ‘climate neutrality’ and how a company or organisation intends to achieve its sustainability targets. Green profiling, green bonds and green investments go hand in hand with displaying ‘green’ credentials and ambitions wherever and whenever possible.

It seems anyone and everyone in business is planting their corporate flag on the summit of sustainability. Take Sainsbury’s, for instance. It is one of the ‘big six’ food retail supermarkets in the UK and has a vision for the future of food that it published in 2019.

Here’s a quote from it:

“Personalised Optimisation is a trend that could see people chipped and connected like never before. A significant step on from wearable tech used today, the advent of personal microchips and neural laces has the potential to see all of our genetic, health and situational data recorded, stored and analysed by algorithms which could work out exactly what we need to support us at a particular time in our life. Retailers, such as Sainsbury’s could play a critical role to support this, arranging delivery of the needed food within thirty minutes — perhaps by drone.”

Tracked, traced and chipped — for your own benefit. Corporations accessing all of our personal data, right down to our DNA. The report is littered with references to sustainability and the climate or environment, and it is difficult not to get the impression that it is written so as to leave the reader awestruck by the technological possibilities.

However, the promotion of a brave new world of technological innovation that has nothing to say about power — who determines policies that have led to massive inequalities, poverty, malnutrition, food insecurity and hunger and who is responsible for the degradation of the environment in the first place — is nothing new.

The essence of power is conveniently glossed over, not least because those behind the prevailing food regime are also shaping the techno-utopian fairytale where everyone lives happily ever after eating bugs and synthetic food while living in a digital panopticon.


The type of ‘green’ agenda being pushed is a multi-trillion market opportunity for lining the pockets of rich investors and subsidy-sucking green infrastructure firms and also part of a strategy required to secure compliance required for the ‘new normal’.

It is, furthermore, a type of green that plans to cover much of the countryside with wind farms and solar panels with most farmers no longer farming. A recipe for food insecurity.

Those investing in the ‘green’ agenda care first and foremost about profit. The supremely influential BlackRock invests in the current food system that is responsible for polluted waterways, degraded soils, the displacement of smallholder farmers, a spiralling public health crisis, malnutrition and much more.

It also invests in healthcare — an industry that thrives on the illnesses and conditions created by eating the substandard food that the current system produces. Did Larry Fink, the top man at BlackRock, suddenly develop a conscience and become an environmentalist who cares about the planet and ordinary people? Of course not.

Any serious deliberations on the future of food would surely consider issues like food sovereignty, the role of agroecology and the strengthening of family farms — the backbone of current global food production.

The aforementioned article by Andrew Nikiforuk concludes that, if we are really serious about our impacts on the environment, we must scale back our needs and simplify society.

In terms of food, the solution rests on a low-input approach that strengthens rural communities and local markets and prioritises smallholder farms and small independent enterprises and retailers, localised democratic food systems and a concept of food sovereignty based on self-sufficiency, agroecological principles and regenerative agriculture.

It would involve facilitating the right to culturally appropriate food that is nutritionally dense due to diverse cropping patterns and free from toxic chemicals while ensuring local ownership and stewardship of common resources like land, water, soil and seeds.

That’s where genuine environmentalism and the future of food begins.

Tyler Durden Thu, 03/14/2024 - 02:00

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Five Aerospace Investments to Buy as Wars Worsen Copy

Five aerospace investments to buy as wars worsen give investors a chance to acquire shares of companies focused on fortifying national defense. The five…



Five aerospace investments to buy as wars worsen give investors a chance to acquire shares of companies focused on fortifying national defense.

The five aerospace investments to buy provide military products to help protect freedom amid Russia’s ongoing onslaught against Ukraine that began in February 2022, as well as supply arms in the Middle East used after Hamas militants attacked and murdered civilians in Israel on Oct. 7. Even though the S&P 500 recently reached all-time highs, these five aerospace investments have remained reasonably priced and rated as recommendations by seasoned analysts and a pension fund chairman.

State television broadcasts in Russia show the country’s soldiers advancing further into Ukrainian territory, but protests have occurred involving family members of those serving in perilous conditions in the invasion of their neighboring nation to be brought home. Even though hundreds of thousands of Russians also have fled to other countries to avoid compulsory military service, the aggressor’s President Vladimir Putin has vowed to continue to send additional soldiers into the fierce fighting.

While Russia’s land-grab of Crimea and other parts of Ukraine show no end in sight, Israel’s war with Hamas likely will last for at least additional months, according to the latest reports. United Nations’ leaders expressed alarm on Dec. 26 about intensifying Israeli attacks that killed more than 100 Palestinians over two days in part of the Gaza Strip, when 15 members of the Israel Defense Force (IDF) also lost their lives.

Five Aerospace Investments to Buy as Wars Worsen: General Dynamics

One of the five aerospace investments to buy as wars worsen is General Dynamics (NYSE: GD), a Reston, Virginia-based aerospace company with more than 100,000 employees in 70-plus countries. A key business unit of General Dynamics is Gulfstream Aerospace Corporation, a manufacturer of business aircraft. Other segments of General Dynamics focus on making military products such as Abrams tanks, Stryker fighting vehicles, ASCOD fighting vehicles like the Spanish PIZARRO and British AJAX, LAV-25 Light Armored Vehicles and Flyer-60 lightweight tactical vehicles.

For the U.S. Navy and other allied armed forces, General Dynamics builds Virginia-class attack submarines, Columbia-class ballistic missile submarines, Arleigh Burke-class guided missile destroyers, Expeditionary Sea Base ships, fleet logistics ships, commercial cargo ships, aircraft and naval gun systems, Hydra-70 rockets, military radios and command and control systems. In addition, the company provides radio and optical telescopes, secure mobile phones, PIRANHA and PANDUR wheeled armored vehicles and mobile bridge systems.

Chicago-based investment firm William Blair & Co. is among those recommending General Dynamics. The Chicago firm gave an “outperform” rating to General Dynamics in a Dec. 21 research note.

Gulfstream is seeking G700 FAA certification by the end of 2023, suggesting potentially positive news in the next 10 days, William Blair wrote in its recent research note. The investment firm projected that General Dynamics would trade upward upward upon the G700’s certification.

“General Dynamics’ 2023 aircraft delivery guidance of approximately 134 planes assumes that 19 G700s are delivered in the fourth quarter,” wrote William Blair’s aerospace and defense analyst Louie DiPalma. “Even if deliveries fall short of this target, we believe investors will take a glass-half-full approach upon receipt of the certification.”

Chart courtesy of

Five Aerospace Investments to Buy as Wars Worsen: GD Outlook

The G700 is a major focus area for investors because it is Gulfstream’s most significant aircraft introduction since the iconic G650 in 2012, DiPalma wrote. Gulfstream has the highest market share in the long-range jet segment of the private aircraft market, the highest profit margin of aircraft peers and the most premium business aviation brand, he added.

“The aircraft remains immensely popular today with corporations and high-net-worth individuals,” Di Palma wrote. “Elon Musk has reportedly placed an order for a G700 to go along with his existing G650. Qatar Airways announced at the Paris Air Show that 10 G700 aircraft will become part of its fleet.”

G700 deliveries and subsequent G800 deliveries are expected to be the cornerstone of Gulfstream’s growth and margin expansion for the next decade, DiPalma wrote. This should lead to a rebound in the stock price as the margins for the G700 and G800 are very attractive, he added.

Management’s guidance is for the aerospace operating margin to increase from about 13.2% in 2022 to roughly 14.0% in 2023 and 15.8% in 2024. Longer term, a high-teens profit margin appears within reach, DiPalma projected.

In other General Dynamics business segments, William Blair expects several yet-unannounced large contract awards for General Dynamics IT, to go along with C$1.7 billion, or US$1.29 billion, in General Dynamics Mission Systems contracts announced on Dec. 20 for the Canadian Army. General Dynamics shares are poised to have a strong 2024, William Blair wrote.

Five Aerospace Investments to Buy as Wars Worsen: VSE Corporation

Alexandria, Virginia-based VSE Corporation’s (NASDAQ: VSEC) price-to-earnings (P/E) valuation multiple of 22 received support when AAR Corp. (NYSE: AIR), a Wood Dale, Illinois, provider of aviation services, announced on Dec. 21 that it would acquire the product support business of Triumph Group (NYSE: TGI), a Berwyn, Pennsylvania, supplier of aerospace services, structures and systems. AAR’s purchase price of $725 million reflects confidence in a continued post-pandemic aerospace rebound.

VSE, a provider of aftermarket distribution and repair services for land, sea and air transportation assets used by government and commercial markets, is rated “outperform” by William Blair. The company’s core services include maintenance, repair and operations (MRO), parts distribution, supply chain management and logistics, engineering support, as well as consulting and training for global commercial, federal, military and defense customers.

“Robust consumer travel demand and aging aircraft fleets have driven elevated maintenance visits,” William Blair’s DiPalma wrote in a Dec. 21 research note. “The AAR–Triumph deal is valued at a premium 13-times 2024 EBITDA multiple, which was in line with the valuation multiple that Heico (NYSE: HEI) paid for Wencor over the summer.”

VSE currently trades at a discounted 9.5 times consensus 2024 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates, as well as 11.6 times consensus 2023 EBITDA.

Five Aerospace Investments to Buy as Wars Worsen: VSE Undervalued?

“We expect that VSE shares will trend higher as investors process this deal,” DiPalma wrote. “VSE shares trade at 9.5 times consensus 2024 adjusted EBITDA, compared with peers and M&A comps in the 10-to-14-times range. We think that VSE’s multiple will expand as it closes the divestiture of its federal and defense business and makes strategic acquisitions. We see consistent 15% annual upside for shares as VSE continues to take share in the $110 billion aviation aftermarket industry.”

William Blair reaffirmed its “outperform” rating for VSE on Dec. 21. The main risk to VSE shares is lumpiness associated with its aviation services margins, Di Palma wrote. However, he raised 2024 estimates to further reflect commentary from VSE’s analysts’ day in November.

Chart courtesy of

Five Aerospace Investments to Buy as Wars Worsen: HEICO Corporation

HEICO Corporation (NYSEL: HEI), is a Hollywood, Florida-based technology-driven aerospace, industrial, defense and electronics company that also is ranked as an “outperform” investment by William Blair’s DiPalma. The aerospace aftermarket parts provider recently reported fourth-quarter financials above consensus analysts’ estimates, driven by 20% organic growth in HEICO’s flight support group.

HEICO’s management indicated that the performance of recently acquired Wencor is exceeding expectations. However, HEICO leaders offered color on 2024 organic growth and margin expectations that forecast reduced gains. Even though consensus estimates already assumed slowing growth, it is still not a positive for HEICO, DiPalma wrote.

William Blair forecasts 15% annual upside to HEICO’s shares, based on EBITDA growth. HEICO’s management cited a host of reasons for its quarterly outperformance, highlighted by the continued commercial air travel recovery. The company also referenced new product introductions and efficiency initiatives.

HEICO’s defense product sales increased by 26% sequentially, marking the third consecutive sequential increase in defense product revenue. The company’s leaders conveyed that defense in general is moving in the right direction to enhance financial performance.

Chart courtesy of

Five Dividend-paying Defense and Aerospace Investments to Purchase: XAR

A fourth way to obtain exposure to defense and aerospace investments is through SPDR S&P Aerospace and Defense ETF (XAR). That exchange-traded fund  tracks the S&P Aerospace & Defense Select Industry Index. The fund is overweight in industrials and underweight in technology and consumer cyclicals, said Bob Carlson, a pension fund chairman who heads the Retirement Watch investment newsletter.

Bob Carlson, who heads Retirement Watch, answers questions from Paul Dykewicz.

XAR has 34 securities, and 44.2% of the fund is in the 10 largest positions. The fund is up 25.82% in the last 12 months, 22.03% in the past three months and 7.92% for the last month. Its dividend yield recently measured 0.38%.

The largest positions in the fund recently were Axon Enterprise (NASDAQ: AXON), Boeing (NYSE: BA), L3Harris Technologies (NYSE: LHX), Spirit Aerosystems (NYSE: SPR) and Virgin Galactic (NYSE: SPCE).

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Five Dividend-paying Defense and Aerospace Investments to Purchase: PPA

The second fund recommended by Carlson is Invesco Aerospace & Defense ETF (PPA), which tracks the SPADE Defense Index. It has the same underweighting and overweighting as XAR, he said.

PPA recently held 52 securities and 53.2% of the fund was in its 10 largest positions. With so many holdings, the fund offers much reduced risk compared to buying individual stocks. The largest positions in the fund recently were Boeing (NYSE: BA), RTX Corp. (NYSE: RTX), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and General Electric (NYSE:GE).

The fund is up 19.07% for the past year, 50.34% in the last three months and 5.30% during the past month. The dividend yield recently touched 0.69%.

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Other Fans of Aerospace

Two fans of aerospace stocks are Mark Skousen, PhD, and seasoned stock picker Jim Woods. The pair team up to head the Fast Money Alert advisory service They already are profitable in their recent recommendation of Lockheed Martin (NYSE: LMT) in Fast Money Alert.

Mark Skousen, a scion of Ben Franklin, meets with Paul Dykewicz.

Jim Woods, a former U.S. Army paratrooper, co-heads Fast Money Alert.

Bryan Perry, who heads the Cash Machine investment newsletter and the Micro-Cap Stock Trader advisory service, recommends satellite services provider Globalstar (NYSE American: GSAT), of Covington, Louisiana, that has jumped 50.00% since he advised buying it two months ago. Perry is averaging a dividend yield of 11.14% in his Cash Machine newsletter but is breaking out with the red-hot recommendation of Globalstar in his Micro-Cap Stock Trader advisory service.

Bryan Perry heads Cash Machine, averaging an 11.14% dividend yield.

Military Equipment Demand Soars amid Multiple Wars

The U.S. military faces an acute need to adopt innovation, to expedite implementation of technological gains, to tap into the talents of people in various industries and to step-up collaboration with private industry and international partners to enhance effectiveness, U.S. Joint Chiefs of Staff Gen. Charles Q. Brown Jr. told attendees on Nov 16 at a national security conference. Prime examples of the need are showed by multiple raging wars, including the Middle East and Ukraine. A cold war involves China and its increasingly strained relationships with Taiwan and other Asian nations.

The shocking Oct. 7 attack by Hamas on Israel touched off an ongoing war in the Middle East, coupled with Russia’s February 2022 invasion and continuing assault of neighboring Ukraine. Those brutal military conflicts show the fragility of peace when determined aggressors are willing to use any means necessary to achieve their goals. To fend off such attacks, rapid and effective response is required.

“The Department of Defense is doing more than ever before to deter, defend, and, if necessary, defeat aggression,” Gen. Brown said at the National Security Innovation Forum at the Johns Hopkins University Bloomberg Center in Washington, D.C.

One of Russia’s war ships, the 360-foot-long Novocherkassk, was damaged on Dec. 26 by a Ukrainian attack on the Black Sea port of Feodosia in Crimea. This video of an explosion at the port that reportedly shows a section of the ship hit by aircraft-guided missiles.

Chairman Joint Chiefs of Staff Gen. Charles Q. Brown, Jr.
Photo By: Benjamin Applebaum

National security threats can compel immediate action, Gen. Brown said he quickly learned since taking his post on Oct. 1.


“We may not have much warning when the next fight begins,” Gen. Brown said. “We need to be ready.”


In a pre-recorded speech at the national security conference, Michael R. Bloomberg, founder of Bloomberg LP, told the John Hopkins national security conference attendees about the critical need for collaboration between government and industry.


“Building enduring technological advances for the U.S. military will help our service members and allies defend freedom across the globe,” Bloomberg said.


The “horrific terrorist attacks” against Israel and civilians living there on Oct. 7 underscore the importance of that mission, Bloomberg added.

Paul Dykewicz,, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street JournalInvestor’s Business DailyUSA Today, the Journal of Commerce, Seeking Alpha, Guru Focus and other publications and websites. Attention Holiday Gift Buyers! Consider purchasing Paul’s inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The uplifting book is great gift and is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many othersCall 202-677-4457 for special pricing on multiple-book purchases or autographed copies! Follow Paul on Twitter @PaulDykewicz. He is the editor of and, a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper, after writing for the Baltimore Business Journal and Crain Communications.

The post Five Aerospace Investments to Buy as Wars Worsen Copy appeared first on Stock Investor.

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Health Officials: Man Dies From Bubonic Plague In New Mexico

Health Officials: Man Dies From Bubonic Plague In New Mexico

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Officials in…



Health Officials: Man Dies From Bubonic Plague In New Mexico

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Officials in New Mexico confirmed that a resident died from the plague in the United States’ first fatal case in several years.

A bubonic plague smear, prepared from a lymph removed from an adenopathic lymph node, or bubo, of a plague patient, demonstrates the presence of the Yersinia pestis bacteria that causes the plague in this undated photo. (Centers for Disease Control and Prevention/Getty Images)

The New Mexico Department of Health, in a statement, said that a man in Lincoln County “succumbed to the plague.” The man, who was not identified, was hospitalized before his death, officials said.

They further noted that it is the first human case of plague in New Mexico since 2021 and also the first death since 2020, according to the statement. No other details were provided, including how the disease spread to the man.

The agency is now doing outreach in Lincoln County, while “an environmental assessment will also be conducted in the community to look for ongoing risk,” the statement continued.

This tragic incident serves as a clear reminder of the threat posed by this ancient disease and emphasizes the need for heightened community awareness and proactive measures to prevent its spread,” the agency said.

A bacterial disease that spreads via rodents, it is generally spread to people through the bites of infected fleas. The plague, known as the black death or the bubonic plague, can spread by contact with infected animals such as rodents, pets, or wildlife.

The New Mexico Health Department statement said that pets such as dogs and cats that roam and hunt can bring infected fleas back into homes and put residents at risk.

Officials warned people in the area to “avoid sick or dead rodents and rabbits, and their nests and burrows” and to “prevent pets from roaming and hunting.”

“Talk to your veterinarian about using an appropriate flea control product on your pets as not all products are safe for cats, dogs or your children” and “have sick pets examined promptly by a veterinarian,” it added.

“See your doctor about any unexplained illness involving a sudden and severe fever, the statement continued, adding that locals should clean areas around their home that could house rodents like wood piles, junk piles, old vehicles, and brush piles.

The plague, which is spread by the bacteria Yersinia pestis, famously caused the deaths of an estimated hundreds of millions of Europeans in the 14th and 15th centuries following the Mongol invasions. In that pandemic, the bacteria spread via fleas on black rats, which historians say was not known by the people at the time.

Other outbreaks of the plague, such as the Plague of Justinian in the 6th century, are also believed to have killed about one-fifth of the population of the Byzantine Empire, according to historical records and accounts. In 2013, researchers said the Justinian plague was also caused by the Yersinia pestis bacteria.

But in the United States, it is considered a rare disease and usually occurs only in several countries worldwide. Generally, according to the Mayo Clinic, the bacteria affects only a few people in U.S. rural areas in Western states.

Recent cases have occurred mainly in Africa, Asia, and Latin America. Countries with frequent plague cases include Madagascar, the Democratic Republic of Congo, and Peru, the clinic says. There were multiple cases of plague reported in Inner Mongolia, China, in recent years, too.


Symptoms of a bubonic plague infection include headache, chills, fever, and weakness. Health officials say it can usually cause a painful swelling of lymph nodes in the groin, armpit, or neck areas. The swelling usually occurs within about two to eight days.

The disease can generally be treated with antibiotics, but it is usually deadly when not treated, the Mayo Clinic website says.

“Plague is considered a potential bioweapon. The U.S. government has plans and treatments in place if the disease is used as a weapon,” the website also says.

According to data from the U.S. Centers for Disease Control and Prevention, the last time that plague deaths were reported in the United States was in 2020 when two people died.

Tyler Durden Wed, 03/13/2024 - 21:40

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