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China’s CPI Accelerated to 1.5%, US CPI to Approach 6%

Overview: As bond yields slumped yesterday, stocks snapped their advancing streak.  The Stoxx 600 fell for the first time in nine sessions yesterday and is lower today.  The S&P 500 ended a nine-session advance, and the NASDAQ snapped a 12-session…



Overview: As bond yields slumped yesterday, stocks snapped their advancing streak.  The Stoxx 600 fell for the first time in nine sessions yesterday and is lower today.  The S&P 500 ended a nine-session advance, and the NASDAQ snapped a 12-session rally.  Futures on the indices point to a lower open.  Bonds are paring yesterday's gain, which saw the US 10-year yield fall below its 200-day moving average (~1.45%) and may explain the soft auction results.  The yield is about three basis points higher, around 1.48% in the European morning, while the local bond yields are also mostly 2-4 bp higher.  Canadian bonds are an exception.  The yield is off nearly four basis points, and that may reflect foreign demand as the Canadian dollar is the best performing major currency, eking out a small gain against the dollar, while the major currencies are nursing modest losses.  Of note, arguably helped by the rise in US yields, the greenback has recovered to around JPY113.20.  Emerging market currencies are also under pressure, led by about a 1% loss in the Turkish lira and a 0.5% fall in the South African rand.  The JP Morgan Emerging Market Currency Index is ending a three-day rally.  Rising yields are sapping demand for gold today after the yellow metal approached the upper end of its five-month range in the $1833-$1835 area.  It is consolidating inside yesterday's range.  December WTI initially extended yesterday's gains to almost $85 but has reversed lows and is below $84 near midday in Europe.  Meanwhile, the European benchmark for natural gas is extended yesterday's nearly 10% decline by another 4% today amid some signs of more supply.  Copper is consolidating inside yesterday's range.  

Asia Pacific

China's October inflation measures surged.  Producer prices accelerated to 13.5% above year-ago levels, up from 10.7% in October. Despite officials' efforts to contain prices by releasing some of its strategic stocks and output curbs, rising commodity prices are the drivers.  The median forecast in the Bloomberg survey was for a 12.3% gain.  Consumer prices pressures were easier for the market to forecast. The 1.4% median projection just missed the 1.5% print after a 0.7% year-over-year increase in September.  The core rate is considerably more stable.  It has risen by 1.2%-1.3% for four consecutive months through October.  Non-food prices have gradually increased and now are 2.4% above year-ago levels.  The decline in food prices has eased.  Pork prices appear past their trough, and vegetable prices jumped nearly 16% year-over-year and boosted the headline CPI by about a third of a percentage point.  Food prices fell 2.4% from a year ago, less than half the 5.2% decline in September.  

Separately, China reported that lending slowed sharply in October, and this may spur a policy response in a way that the inflation readings may not.  New yuan loans, which are bank-generated, were halved from CNY1.66 trillion in September to about CNY826 bln in October.  But the lending from shadow banking fell even more, as seen in the aggregate financing, which tumbled to CNY1.59 trillion from CNY2.90 trillion.  The difference between aggregate financing and new yuan loans is the shadow banking activity.  

Japan's Prime Minister Kishida is reportedly appointing Hayashi as foreign minister.  Beijing will take note that he part of the parliamentary group seeking to improve relations between the two countries.  Bloomberg continues to insist that there has been an improvement in US-Sino relations, but we are hard-pressed to see much beyond the "prisoner exchange."  We note that yesterday, US Senators and Representatives flew to Taiwan in a military aircraft, which one cannot help but assume is purposely designed to antagonize China, with little reward.  The Senate is also considering legislation to endorse a greater role for Taiwan in the Inter-Asian Development Bank.  The US is also encouraging a greater role for Taiwan in UN institutions.  So, now comes talk of a "virtual summit"  between Biden and Xi.  Some reports say it could take place as early as next week.  Other accounts see confirmation of the intent to hold it before the end of the year.  How a "virtual summit" differs from a phone call is not clear, but it is supposed to imply a more serious meeting, yet it still seems like a great deal of spin as both countries seem to be posturing.  

The dollar is pushing against JPY113.25 in late morning turnover in Europe.  A move and close above yesterday's high (~JPY113.30) would lift the technical tone.  Above there, JPY113.60 may attract, but the JPY114.00 will be tough to crack with chunky options struck there today and Friday.  The Australian dollar slipped marginally through $0.7355 to record its lowest level in nearly a month. However, it has steadied in Europe and came back into an area well protected by options as well.  There are options for A$635 mln at $0.7375 that expire today, and almost A$900 mln will pass in the $0.7370-$0.7385 area on Friday.  The $0.7360 area corresponds to a (50%) retracement of last month's rally.  A convincing break could spur a test on the next retracement target (61.8%) near $0.7315.  The Chinese yuan is little changed.  It is the fourth consecutive session that the exchange rate has a net movement of less than 0.1%.  That said, the greenback is struggling to stay above CNY6.39.  It has not settled below there since October 26. In an unusual development, the PBOC set the dollar's reference rate softer than the bank models suggested (Bloomberg):  CNY6.3948 vs. CNY6.3952. 


The news stream from Europe is light.  Signs of more Russian gas are a helpful development.  This wave of Covid continues. Yesterday, we noted that the next German finance minister is likely to promote a return to orthodoxy after the pandemic ends, though Germany is experiencing a record number of cases.  Today's Merkel government's team of economic advisers did what other economists have done and formally announced a cut in this year's forecast and lifted next year's growth forecast.  However, they are clearly becoming more concerned about inflation and encourage the ECB to articulate an exit strategy, warning that inflation risks are entrenched.  

Tomorrow, the UK publishes its first estimate of Q3 GDP and September details.  We suspect the median forecast in Bloomberg's survey for a 1.5% quarterly expansion risk being too high. Note that in Q2, the monthly prints added up to 4.8%, while the quarterly GDP surged 5.5%.  September's monthly GDP is expected to have risen by 0.4%, the same as August.  That would sum the monthly GDP figures at 0.7%.  Yes, quarterly GDP runs higher than the month sums suggest due to a somewhat different methodology, but it points to the risk.   

The euro finished last week slightly above $1.1565.  It has been in a range so far this week between about $1.1550 and $1.1610.  It is hovering around the middle of the range now.  There is a 1.5 bln euro option at $1.16 that expires today and another set at $1.1565 for almost 1.1 bln euros.  Friday is more of the same.  Options for 1.4 bln euro at $1.1555 and 655 mln euros at $1.1605 expire.  Sterling was turned back from $1.3600 yesterday, which corresponds to the (50%) retracement objective of the sell-off from October 20 and the (61.8%) retracement target of the sell-off spurred by the Bank of England.  A break of $1.3500 leaves little in the way of a retest on the lows (~$1.3400-$1.3425).  


The US reports October consumer prices.  The month-over-month gains are expected to be elevated at 0.6% at the headline and 0.4% core rate.  Due to the base effect, this will translate to an acceleration of inflation. As a result, headline CPI will approach 6% and the core rate 4.3% from 5.4% and 4.0%, respectively.  The greater price pressures, however, do not say anything about the duration or how persistent the transitory issue will be.  Still, it seems clear that US officials want to give it more time, but even Minneapolis Fed President Kashkari, among the most dovish at the Fed, seemed somewhat less confident in remarks yesterday.  

With a federal holiday tomorrow, the US reports weekly jobless claims today.  Note that they have fallen for five consecutive weeks to stand at 269k in the last whole week of October.  For comparison, weekly initial jobless claims were around 218k at the end of 2019.  The holiday is also forcing the US to sell around $85 bln in T-bills today, and there are some early signs that the pending debt ceiling is beginning to impact market preferences.  The Us will also sell $25 bln in 30-year bonds with little concession.  The 30-year bond yields briefly slipped below 1.80% yesterday for the first time in four months.  It is near 1.85% now.  

The Energy Information Agency's updated short-term outlook reduced the chances of a significant response to OPEC+ reluctance to boost output quicker and sent December WTI 3% higher to approach the upper end of its trading range.  The EIA sees the oil market in oversupply by early next year, though it sees it closely balanced (world demand to average 100.88 mln barrels per day while supply is projected to be at 101.42 mln bpd). Oil is expected to be at $62 a barrel at the of next year, it forecasts,  and for gasoline to below $3 a gallon by February. Biden is in an awkward position.  It looks like it wanted OPEC+ to do something that his own agency says might not be needed after all.  It also toyed with investors by holding out the possibility of tapping the Strategic Petroleum Reserves before knowing all the facts.  The risk (and momentum) are on the upside of prices.  The rise in oil prices is distinct from the other supply chain disruptions.

While the US is on holiday tomorrow, Mexico's central bank is widely expected to hike the overnight rate from 4.75% to 5.0%.  With inflation accelerating (yesterday's October CPI rose to 6.24% from 6.0%), there is some risk of a 50 bp move.  The sum of the monthly increases puts CPI up at 5.6% at the headline this year and 4.6% at the core.  However, the economy is fragile, as the 0.2% contraction in Q3 GDP showed.  Before the Banxico move, Mexico will report September industrial output, which is expected to have fallen by 0.2%. 

The US dollar was turned back from testing the 200-day moving average against the Canadian dollar near CAD1.2480 yesterday.  It reversed lower and posted a possible bearish shooting star candlestick.  Follow-through action today has seen the greenback approach CAD1.2410. The CAD1.2450 area now offers resistance and options (~$730 mln today and ~$585 Friday) at CAD1.2455 may reinforce the cap.  On the downside, the CAD1.2370 area offers support.  The dollar fell from MXN20.98 on November 3 to reach a low yesterday near MXN20.25.  The downside momentum faded yesterday, and the greenback is near MXN20.35 in the European morning.  Initial resistance is in the MXN20.40 area. The broader risk appetite seems more the driver now, but some caution is likely ahead of tomorrow's Banxico meeting.  


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Report: Pfizer, NIH Discussing Study of Longer Paxlovid Dosing Regimen

With increasing concerns about COVID-19 reinfection, Pfizer and the National Institutes of Health are discussing potential studies regarding a longer treatment…



Report: Pfizer, NIH Discussing Study of Longer Paxlovid Dosing Regimen

With increasing concerns about COVID-19 reinfection, Pfizer and the National Institutes of Health are discussing potential studies regarding a longer treatment period with the antiviral medication, Paxlovid.

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and scientific adviser to the White House, said the plan for the new studies could come over the next few days, Reuters reported this afternoon. During a White House briefing on COVID-19, Fauci pointed out that the rising cases of COVID-19 driven by an Omicron sub-variant are increasing the use of Pfizer’s Paxlovid. So far, more than 660,000 courses of Paxlovid have been administered across the U.S., Reuters said.

However, there is a growing concern that some patients are not shaking the virus as quickly as expected following a treatment regimen of the antiviral. Some continue to experience symptoms, or see a recurrence of their COVID-19 symptoms, following treatment with Paxlovid, Reuters said. Currently, there is no clear indication on the number of patients who are experiencing such a recurrence, or whether or not it is due to the variant type of COVID-19. But, the numbers appear to be enough to warrant such a conversation between America’s top infectious disease expert and Pfizer.

Paxlovid was granted Emergency Use Authorization from the U.S. Food and Drug Administration in December. It was granted EUA for the treatment of high-risk adults and pediatric patients 12 years and older who have been diagnosed with COVID-19 and are at serious risk of hospitalization. A combination of nirmatrelvir and ritonavir tablets, during clinical trials, Paxlovid significantly reduced the risk of hospitalization or death by 89% compared to placebo in non-hospitalized, high-risk adults with COVID-19 within three days of symptom-onset. However, even then, there were cases of a recurrence of symptoms in some clinical trial patients.

Pfizer Chief Executive Officer Albert Bourla has suggested that those patients who experience a recurrence of symptoms should undergo a second round of treatment with Paxlovid. As BioSpace previously reported, Bourla said if symptoms reoccur, “then you give a second course, like you do with antibiotics, and that’s it.”

However, the FDA has balked at that suggestion. Dr. John Farley, director of the FDA’s Office of Infectious Diseases, argued that there is no evidence of benefit for a longer course of treatment, such as 10 days instead of the current five days of administration, or a second five-day round of treatment.

Mark Van Scyoc/Shutterstock

While Pfizer may undertake these additional studies, as BioSpace reported earlier Wednesday, the pharma giant has so far reportedly resisted requests to use Paxlovid in combination studies. The nonprofit Drugs for Neglected Diseases Initiative said that Pfizer rejected a January request to offer doses of Paxlovid to be used in a study alongside an inhaled steroid in Africa.

Also Wednesday, Indianapolis-based Eli Lilly said studies have confirmed that bebtelovimab, the company’s monoclonal antibody against COVID-19, is effective against all variants of the SARS-CoV-2 virus, including BA.2, which is currently the dominant strain in the U.S., Seeking Alpha reported.


BioSpace source:


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Missouri Bill Prevents Doctors Being Disciplined If They Prescribe Ivermectin Or Hydroxychloroquine

Missouri Bill Prevents Doctors Being Disciplined If They Prescribe Ivermectin Or Hydroxychloroquine

Authored by Naveen Athrappully via The…



Missouri Bill Prevents Doctors Being Disciplined If They Prescribe Ivermectin Or Hydroxychloroquine

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

Missouri lawmakers passed legislation that prevents state licensing boards from disciplining doctors who prescribe ivermectin and hydroxychloroquine.

Missouri Gov. Mike Parson signs a bill in Jefferson City, Mo., on May 24, 2019. (Summer Balentine/AP Photo)

Sponsored by Rep. Brenda Kay Shields (R-Mo.), HB 2149 also bars pharmacists from questioning doctors or disputing patients regarding the usage of such drugs and their efficacy.

With a convincing 130–4 vote in the House, HB 2149 passed both chambers on May 12 and currently heads to the office of Gov. Mike Parson to be potentially signed into law.

The board shall not deny, revoke, or suspend, or otherwise take any disciplinary action against, a certificate of registration or authority, permit, or license required by this chapter for any person due to the lawful dispensing, distributing, or selling of ivermectin tablets or hydroxychloroquine sulfate tablets for human use in accordance with prescriber directions,” reads the draft of the bill (pdf).

It adds, “A pharmacist shall not contact the prescribing physician or the patient to dispute the efficacy of ivermectin tablets or hydroxychloroquine sulfate tablets for human use unless the physician or patient inquires of the pharmacist about the efficacy of ivermectin tablets or hydroxychloroquine sulfate tablets.”

Critics of the bill have noted that the Food and Drug Administration (FDA) has not given approval for usage of the drugs. Ivermectin and hydroxychloroquine have been divisive drugs and politically polarized throughout the pandemic.

“But, nevertheless, the Missouri legislature has chosen to ‘own the libs’ by issuing a gag order against every pharmacist in this state from offering their medical opinion on taking either one of those medications—even if it could kill their patient,” wrote former Democratic nominee Lindsey Simmons in a May 12 Twitter post.

Although 22 countries across the world have approved the use of ivermectin in treating COVID-19, the FDA maintains that the current data show the drug to be ineffective. Large doses can be dangerous, it says.

A recent study published in the International Journal of Infectious Diseases analyzed a national federated database of adults that compared ivermectin with the FDA-approved COVID-19 medication, remdesivir.

After using propensity score matching and adjusting for potential confounders, ivermectin was associated with reduced mortality vs remdesivir,” researchers wrote. “To our knowledge, this is the largest association study of patients with COVID-19, mortality, and ivermectin.”

According to The Associated Press, Missouri state Rep. Patty Lewis, a Democrat, agreed to the bill to satisfy a group of conservatives in the Senate. She added that the bill will not change anything significantly as medical boards do not engage in punishing doctors who prescribe drugs legally.

Tyler Durden Wed, 05/18/2022 - 23:25

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“They Shut Us Down”: Michigan Businesses Sue Whitmer For Losses Due To COVID Lockdowns

"They Shut Us Down": Michigan Businesses Sue Whitmer For Losses Due To COVID Lockdowns

Authored by Steven Kovac via The Epoch Times (emphasis…



"They Shut Us Down": Michigan Businesses Sue Whitmer For Losses Due To COVID Lockdowns

Authored by Steven Kovac via The Epoch Times (emphasis ours),

A coalition of five bowling alleys and family entertainment centers is suing Michigan’s Gov. Gretchen Whitmer, a Democrat, for losses incurred due to her mandatory COVID-19 shutdowns in 2020.

Michigan Gov. Gretchen Whitmer listens to Democratic presidential candidate Sen. Kirsten Gillibrand (D-N.Y.) in Clawson, Mich., on March 18, 2019. (Paul Sancya/AP)

Michigan Dept. of Health and Human Services director Robert Gordon is also a defendant in the case.

The plaintiffs allege that the shutdowns imposed by Whitmer and Gordon were a “taking” of their businesses without just compensation in violation of both the state and the U.S. Constitution.

The case has been winding its way through the federal courts since January 2021.

Fred Kautz runs the lane oiler at Kautz Shore Lanes in Lexington, Mich., on May 13, 2022. (Steven Kovac/The Epoch Times)

The coalition lost the first round of the legal battle when the U.S. District Court for the Western District of Michigan ruled against it.

Oral arguments were recently held before a three-judge panel of the US Court of Appeals Sixth Circuit.

Plaintiff’s chief counsel David Kallman told The Epoch Times after the appeals court hearing, “The oral arguments from both sides were vigorous. The judges asked a lot of questions. It was the kind of proceeding that makes you proud to be a lawyer.

“Even the defense acknowledges that we are presenting ‘novel’ arguments.

“Michigan is the only state in the nation where a governor’s public health emergency powers were overturned as unconstitutional.

“If we lose in the court of appeals, we will take this case to the U.S. Supreme Court.”

Scott Bennett, executive director of the Independent Bowling and Entertainment Centers Association, told The Epoch Times,

“The governor’s actions were devastating to our industry.

“Things went from ‘two weeks to slow the spread’ to indefinite shutdowns.”

Bennett said that the forced closures were not based on solid scientific proof that bowling alleys and family entertainment centers would spread the virus any more than the Walmart stores or the GM plants that were allowed to remain open.

“They were allowed to operate with hundreds and even thousands of people in them but we had to shut down. We feel our industry was unfairly singled-out.

“We cannot stand for a repeat of such arbitrary treatment and don’t want the people of Michigan to forget what was done to them.”

With the recent uptick in COVID cases and the approaching mid-term elections, Bennett said his members that survived the 2020 shutdowns feel like it can happen all over again.

“It’s like operating day-to-day with a hammer held over your head. The uncertainty is altering business plans. The value of our businesses is dropping through the floor,” Bennett said.

Brian and Mindy Hill work the counter at their bowling alley in Imlay City, Mich. on May 13, 2022. (Steven Kovac/Epoch Times)

Fred Kautz, the proprietor of Kautz’s Shore Lanes in Lexington, Michigan, started working in the family business when he was 13.

The business has 12 bowling lanes, a bar, an arcade, a restaurant, and living quarters upstairs.

“We’ve owned this place for 42 years. For me and my family, it’s more than a place to work. It’s a way of life. And it has become an institution in our community—a real gathering place,” said Kautz.

He said he is still smarting from what happened after Whitmer’s executive actions were ruled unconstitutional by the Michigan Supreme Court in the fall of 2020.

“We got a little reprieve. We thought we were in the clear until she came back with another round of forced closures, this time under the authority of the Michigan Department of Public Health.

The first 30 days knocked us right on our butts. But we were willing to cooperate, to do our part. We were all scared and we did not want to see harm come to anybody.

We lost a lot of money at the time. We are coming back slowly, but our overall revenue is still down 20 percent from pre-pandemic days. That’s hard to make up.

“In the spring of 2020, I tried to do what was recommended and go along. Never again!

“If my Dad was still alive, he’d have never closed at all,” said Kautz.

Brian and Mindy Hill, owners of I.C. Strikes, a 16-lane bowling alley, bar, and snack bar in Imlay City said their business was hit hard by the shutdowns.

Brian was the town barber for 25 years, before purchasing the bowling alley where he learned to bowl as a child.

“We took over in December 2018. We’d saved up money to buy this place and make some upgrades. When COVID hit, we were forced to close down. It took all the money we saved for improvements just to survive,” said Brian.

The Hills said they never thought they’d see the day when their own government could do something like that to them.

Mary Bacon, assistant manager of Jump City, a family recreation center, cleans an arcade machine in Imlay City, Mich., on May 13, 2022. (Steven Kovac/The Epoch Times)

They shut us down. They took away our livelihood with no end date in sight. Then they wanted to loan us money. Think about that. They first put us in a situation where we had zero income to pay our previous debt. And then they wanted to loan us more money.

“Lots of small business people lost their businesses but kept their debt. It ruined them,” said Brian.

The Hills did apply for and receive a Small Business Administration loan at 3.25 percent interest for 30 years, and they participated in the Paycheck Protection Program which helped their business survive.

Up the road from the Hill’s bowling alley is Jump City, a large indoor recreation center offering an array of bouncy houses and arcade games for children.

Assistant manager Mary Bacon told The Epoch Times, “We lost a lot of business. We were forced to close for 15 months and had to make our payments with no income.”

Bacon remembers the morning of March 16, 2020, when many area businesses were gearing up for big St. Patrick’s Day celebrations.

“By afternoon everybody had to close. All that food went to waste.

“The shutdown was supposed to be for a couple of weeks. Nobody foresaw it would drag on for a year and three months.

“Oh, they said we could open again, but they so severely restricted the number of customers that we lost all of our big birthday parties. With so few kids allowed in, we couldn’t operate. We were losing too much money.”

Bacon said people are coming back to the center but are still scared, even though the games and bouncy houses are continuously cleaned and sanitized.

Navaeh Smalstig, 8, climbs out of a bouncy house at Jump City in Imlay City, Mich., on May 13, 2022. (Steven Kovac/The Epoch Times)

Before the pandemic, Danny Brown owned a roller rink in Grand Blanc and Owasso, two south-central Michigan towns.

“The lockdowns forced us to sell the Owasso rink for less than half of what we paid for it. We will be trying to make up our loss for years to come.”

Brown, who is a plaintiff in the lawsuit, told The Epoch Times, “To keep going I had to decide to triple our debt. Since the shutdown, I am three-quarters of a million dollars deeper in debt.

“Small businesses put everything on the line. All of our personal and family money. I am personally responsible for our debt. If I die my children will have to pay it.”

Brown said Michigan’s government acted without a real understanding and regarded the state’s small businesses as “nonessential throwaways.”

“One of the reasons we filed suit is to push the government to think differently,” he said.

According to Brown, family entertainment centers like skating rinks, bowling alleys, arcades, pool halls, miniature golf, and go-cart tracks have been nearly wiped out.

“A few years ago, there were 3,500 roller skating rinks in the United States. Now there are 700. There were five rinks in Genesee County, now there are two.” he said.

Brown attributes the decrease to years of ongoing government mandates and interference that led up to the COVID-19 lockdowns.

“They took, they stole our businesses!” he said.

Donn Slimmen, another plaintiff in the case, owns Spartan West Bowling in the west Michigan resort town of Ludington.

“The lockdown just about killed us. It was 14 to 15 months of agony. Our bank payments and utility bills didn’t stop. We went from being two to three months behind to more months behind.

“We entered into survival mode. We ate a lot of pork and beans and hotdogs. We’re still trying to work ourselves out of the hole. By the end of this summer, we might be solvent again.

“We were lucky to survive. We are still hanging on by threads,” said Slimmen.

Along with 16 bowling lanes, Slimmen operates a full-service restaurant.

It’s never come back. Pre-pandemic, we’d serve 200 customers at an ordinary Friday fish fry. Now our best night is 100.

“Our restaurant went from a thriving seated-guest business to a take-out operation grossing only two to three percent of the seated sales.

“We were spending $400 to take in proceeds of $100.

“The politicians and bureaucrats don’t understand. They never cleaned a toilet seat or climbed into a bowling machine to fix it,” said Slimmen.

Slimmen blames Gov.Gretchen Whitmer for the plight of his community and the state.

“You didn’t see Republican governors closing businesses. Their states did so much better.

“Drive through downtown Ludington or Muskegon and look at all the boarded-up storefronts. So many places are out of business. Michigan is in terrible shape,” Slimmen said.

The Tomassoni family has been in the bowling business for 84 years in the western Upper Peninsula town of Iron Mountain, Michigan.

We had to close bowling and our banquet facility a total of 161 days in two different periods of time in 2020. After the second shutdown, we could operate at 25 percent occupancy and only during restricted hours. No wedding receptions, no special events. It was a disaster.

“It ripped my heart out. I am so bitter towards my government,” said owner Pete Tomassoni.

Tomassoni’s business suffered further because of its proximity to Wisconsin which is only minutes away.

“Wisconsin closed for just 30 days. For the most part, they were wide open. That really hurt us.

“Our governor was picking and choosing which of our state’s businesses could operate. To force a business to close with no notice and without proven science is straight out wrong.

“I think that she came down so hard on small business because we, by and large, lean to the right.

“The state dangled the threat of yanking business licenses to keep people in line.

“Some of our businesses tried to defy the state and stayed open

Tyler Durden Wed, 05/18/2022 - 21:25

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