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Five Resort Stocks to Buy Despite Russia’s War Causing Civilians to Die

Five resort stocks to buy appear safe from Russia’s war in the Ukraine that keeps causing civilians to die. The five resort stocks to buy are well diversified…

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Five resort stocks to buy appear safe from Russia’s war in the Ukraine that keeps causing civilians to die.

The five resort stocks to buy are well diversified into other regions of the world that are showing signs of economic recovery after the worst ravages of the COVID-19 pandemic seem to have eased. As restrictions on consumers and businesses alike have waned, along with new cases and deaths, travel and leisure have been rebounding, especially among those who financial resources are most robust.

With third-quarter earnings reported, 11 of 16 lodging companies, including resorts, met or beat expectations, with the group’s earnings before interest, taxes, depreciation and amortization (EBITDA) coming in about 4% ahead, despite revenues only up 1%, according to BofA Global Research. Resorts are showing margin recovery, despite slowing compared to prior quarters, as demand is strong to stable with no cracks, while overall revenue per available room (RevPAR) trends seem to be flattening entering the fourth quarter, BofA reported.

Five Resort Stocks to Buy Include Host Hotels & Resorts

Penson fund Chairman Bob Carlson called the world’s largest lodging real estate investment trust (REIT), Bethesda, Maryland-based Host Hotels & Resorts Inc. (NASDAQ: HST), a good, speculative investment. The company recently opted to focus on North American travel by selling most of its European and Asian businesses, he said.

HST focuses on luxury and up-scale hotels and resorts, said Carlson, who also heads the Retirement Watch investment newsletter. Some industry analysts believe this strategy makes the company more resistant to recessions, but its marginal upper-income customer could be likely to reduce leisure travel to HST’s resorts during a recession, Carlson continued.

“The shares sell at a good value, though the company beat expectations recently,” Carlson counseled. “HST should be considered a leveraged play on travel. It is likely to do better than the average lodging company if travel continues to increase but will decline more than average in a recession.

Bob Carlson, head of the Retirement Watch investment newsletter, talks to Paul Dykewicz.

Seasoned Trader Turned Profit from One of Five Resort Stocks to Buy

Bryan Perry, a seasoned Wall Street trader and leader of the Premium Income Pro advisory service, recommended both the stock and call options in Host Hotels & Resorts. Perry, who spotted the trading opportunity in the stock and the options, turned more than a 10% profit in roughly 10 months with those trades, despite the major indexes declining at the same time.

The U.S. government’s release of the Consumer Price Index (CPI) for November showed a smaller-than-forecast 0.1% increase, compared to consensus estimates of 0.3%. The initial reaction by the market was a 700-point move to the upside for the Dow in the opening half-hour on Dec. 13, followed fading price action in the middle of the day, commented Perry, who also leads the high-yield-focused Cash Machine investment newsletter.

“While the headline was seen as quite bullish, the composition of the report showed that inflation is still pretty elevated in a number of areas,” Perry wrote to his subscribers. “But the key takeaway from the report at first glance is that overall inflation is starting to cool. So, the Fed should be convinced to temper the pace of its interest rate hikes and perhaps place a lower ceiling on its terminal rate.”

Paul Dykewicz interviews Bryan Perry, head of Premium Income Pro.

The company announced on Nov. 2 that it acquired the Four Seasons Resort and Residences Jackson Hole, a 125-room luxury resort in Jackson Hole, Wyoming, for approximately $315 million in cash. The acquisition price represents a 13.6x EBITDA multiple, or a cap rate of approximately 6.6%, on the Resort’s 2022 estimated results.

The resort is expected to be one of Host’s top three assets, based on estimated full year 2022 results, further improving the quality of the company’s portfolio.

Five Resort Stocks to Buy Feature Unique Ski in/Ski out Resort

The resort is one of only a handful of luxury ski in and ski out resorts in the United States. It sits on 6.3 acres in Teton Village, just steps from the gondola at the base of the Jackson Hole Mountain Resort, which is regarded as one of the top-rated U.S. ski destinations. Near downtown Jackson and in close proximity to Grand Teton and Yellowstone National Parks, the resort is a year-round destination where future supply is expected to be severely restricted.

Opened in 2003, the resort underwent a major guestroom renovation in 2022. No disruptive capital expenditures are expected in the near term, the company announced. In addition, the Jackson Hole Airport is undergoing a $65 million renovation and expansion, scheduled for completion by year-end, to better accommodate year-round demand, shrinking shoulder seasons and increasing visitor growth.

For those with the money to spend, the resort has 125 oversized rooms and suites that average approximately 650 square feet with gas fireplaces, balconies and dramatic views of the surrounding mountains and valleys. It includes a five-bedroom, 4,700 square foot penthouse, and offers nearly 9,000 square feet of indoor meeting space, three upscale food and beverage outlets with a pool café, two retail outlets and a 16-treatment room alpine spa.

The resort further offers an on-site ski concierge, a private ski club, a kids club and a fitness center. It also features an additional 44 private residences, which are not owned by Host, ranging in size from 1,700 to 3,700 square feet. Of the 44 residences, 30 currently participate in a rental program through the resort.

Host’s President and Chief Executive Officer James F. Risoleo said the Four Seasons Resort and Residences Jackson Hole is an “iconic, irreplaceable asset” in a new market for the company, as well as one of only a handful of luxury ski resorts in the United States. From 2014 through 2019, the resort achieved a revenue per available room compound annual growth rate (CAGR) of 5.8%, significantly outperforming a RevPAR CAGR of 4.3% for its “ultra-luxury” peers during the same time.

With year-round demand generators, no new supply on the horizon and a recent comprehensive guestroom renovation, Host management stated the resort is well positioned to continue outperforming its peers for the long term. Such results would drive value for company shareholders, Host’s management added.

Five Resort Stocks to Buy Vie for Best-in-Class EBITDA Growth

Host management has a goal to generate best-in-class EBITDA growth to drive long-term, risk-adjusted returns for its stockholders. The company’s aim is to create long-term stockholder value by acquiring, selling, renovating and developing luxury and upper upscale hotels, primarily in the United States. The company currently has 78 hotels, 42,200 rooms and holds non-controlling interests in one international and seven domestic joint ventures.

Host management expressed the view that the resort’s 2022 performance is muted due to the guest room renovation during the first half of the year, as well as Jackson Hole Airport’s closure for approximately three months during the year. By growing year-round occupancy to historical levels and repositioning the food and beverage outlets and public spaces, the company expects the resort to stabilize at approximately 11-13x EBITDA in the 2026-2028 timeframe.

Five Resort Stocks to Buy Cater to Luxury Consumers

BofA gave Host a $18 price objective, based on approximately 9x the investment firm’s 2023 estimated adjusted EBITDA, consistent with the group’s multiple range and history. BofA opined the multiple is warranted given Host’s asset quality, “best-in-class management team” and significant equity market liquidity, which helps differentiate the company from its peers.

However, Host has “meaningful” Top 25 U.S. market exposure, particularly in urban cores that are underperforming due to the pandemic, BofA added.

Chart courtesy of www.stockcharts.com

Potential outperformance of the BofA price target for HST could come from better-than-expected RevPAR growth and higher-than-forecast earnings gains from a rise in mergers and acquisitions (M&A) activity. Risks that could cause Host to fall short of the price objective are a weakening in the overall economic environment, leading to lower levels of business travel and depressed leisure spending, higher-than-expected room supply growth and unforeseen circumstances, such as war or acts of terrorism.

 

Hyatt Hotels Rates Among Five Resort Stocks to Buy

Chicago-based Hyatt Hotels Corporation (NYSE: H) recently announced strategic brand growth in the Latin America and Caribbean region with a pipeline of more than 20 planned luxury and lifestyle hotels and resort openings through 2024, including expansion of Hyatt brands into new markets. With elevated amenities, from bike rentals to butler service and endless adventures, patrons may well bask in luxury.

The choices for customers include:

  • Beach resorts: Explore the rainforest at Andaz Mau that can be toured by visitors to the Wailea Resort or go from a villa to a private white-sand beach at Park Hyatt Maldives Hadahaa.
  • Spa resorts: Rejuvenate at a day-long spa visit at Hyatt Regency Indian Wells Resort & Spa or try traditional healing customs to balance body and mind at Grand Hyatt Kauai Resort and Spa.
  • Golf resorts: Tee off amid towering pine trees at Hyatt Regency Lake Tahoe Resort, Spa and Casino, or take advantage of guest-preferred tee times at Hyatt Regency Hill Country Resort and Spa’s 27 holes.
  • All-inclusive resorts: Dine at gourmet à la carte restaurants, and down premium drinks while accessing both day and nighttime activities.

Latin America and the Caribbean are top leisure destinations for global travelers, said Camilo Bolaños, Hyatt’s senior vice president of development, Latin America & the Caribbean. Driven by leisure travel demand, the newly opened and expected hotels and resorts mark significant growth milestones for Hyatt, he added.

Hyatt received a $110 price objective from BofA, based on a valuation below more “asset-light peers” such as Hilton Worldwide (NYSE: HLT), of McLean, Virginia. BofA wrote of Hyatt riding the lodging cycle recovery to reap hefty exposure to fee-based revenue, strong net unit growth (NUG), recovery potential and operating leverage through group and corporate-owned-hotel exposure, incentive management fee recovery and valuation multiple expansion.

BofA’s price target could be surpassed due to possible catalysts that include Hyatt’s asset sales exceeding expectations, acquisition of Apple Leisure Group providing additional upside, group recovery, pent-up demand coming back stronger than expected in second-half 2022 and net unit growth continuing to outperform lodging peers. Key risks to the price goal are maintaining significant exposure to China, which may face headwinds due to COVID policies, cases of COVID delaying a return to office trend and creating a headwind to corporate travel and heavy exposure to the luxury segment that has lagged the rest of the industry, BofA wrote.

Chart courtesy of www.stockcharts.com

Connell Favors Hyatt as One of Five Resort Stocks to Buy

 

At the onset of November, Hyatt reported a strong third-quarter performance. The company’s recent acquisition of the Apple Leisure Group, a luxury resort management service company, made the difference, said Michelle Connell, a former portfolio manager who now heads Dallas-based Portia Capital Management. The purchase allowed Hyatt to double its global resort footprint.

Michelle Connell leads Dallas-based Portia Capital Management.

Now, 70% of Hyatt global portfolio is in the luxury and upscale hospitality segment. This bodes well, since the luxury consumer has not pulled back on travel spending, Connell said.

Business travel is starting to recover from the pandemic, with 2022 near Hyatt’s pre-pandemic mark and 2023 looking bright, Connell said. Group booking revenue for the third quarter of 2022 finished just 3% below 2019 levels.

Playa Hotels Takes the Plunge as One of Five Resort Stocks to Buy

Playa Hotels & Resorts (NASDAQ: PLYA) is an Amsterdam, The Netherlands, owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. The company had amassed a total portfolio consisting of 25 resorts, encompassing 9,352 rooms, in Mexico, Jamaica and the Dominican Republic, as of Sept. 30. BofA is recommending the stock, which is not directly affected by the fallout from Russia’s continuing invasion of Ukraine.

In Mexico, Playa owned and managed Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa.

BofA’s $12 price objective for the stock is based on 10x the investment firm’s EBITDA forecast of $230, which remains largely in-line with the company’s average historical 11.4x one-year forward EBITDA. The company should benefit from pent-up leisure demand, recovery in room rates and travel, as well as shift in distribution channel mix which could push rates above pre-pandemic levels.

Risks to attaining BofA’s price objective are new resort supply, particularly in Cancun to challenge current rates, along with an uptick in number of hard-to-underwrite exogenous shocks, such as hurricanes and tropical storms, Zika virus, other tourist safety concerns and increased operational and financial risk. The latter risk includes factors that cause internal control weaknesses, BofA wrote.

Chart courtesy of www.stockcharts.com

Vail Ranks Among Five Resort Stocks to Buy

Vail Resorts (NYSE: MTN), of Broomfield, Colorado, is another BofA recommendation, as well as a holding of New York-based Baron Funds. Vail’s focus includes using data to drive a unique, advanced customer commitment for a recurring business model. MTN is also well positioned to benefit from high-end, pent-up leisure demand in the coming ski season.

Baron Growth Fund (BGRFX) is a prominent shareholder of Vail Resorts. Connell, the chief executive officer of Portia Capital Management, of Dallas, Texas, praised Vail, too. Key reasons Connell calls for investing in MTN include:

  • Strong growing revenues in a softening economy. Despite MTN increasing ticket prices 7.5%, the company’s revenue from ski passes was already up 7% for the year through the end of September 2022.
  • $320 Million Invested for Improved Consumer Experience. Just in time for the 2022-23 ski season, MTN invested $320 million to install 19 new chairlifts across 14 of its resorts.
  • Investment in Data Infrastructure. MTN has also invested heavily so that the online experience of its consumers is smoother and faster.
  • MTN should appeal to the environmentally conscious young investor who also skis. The company is ahead of schedule to meet its target of 2030 to have a zero net (carbon) operating footprint.
  • Estimated 12-month upside for MTN:15-25%.

Chart courtesy of www.StockCharts.com

Chart courtesy of www.StockCharts.com

Wyndham Wraps up List of Five Resort Stocks to Buy

Wyndham Hotels & Resorts, Inc. (NYSE: WH), of Parsippany, New Jersey, netted a $85 price objective and a buy recommendation from BoA. The valuation is based on approximately 15x of BofA’s 2023 estimated EBITDA, a discount to trading peers such as Hilton, Bethesda, Maryland-based Marriott International (NASDAQ: MAR) and Rockville, Maryland-based Choice Hotels International (NYSE: CHH). The value also is in-line with the long-term average of asset-light lodging C-corps, BofA added.

BofA opined the Wyndham multiple is warranted given WH’s competitive advantage in scale and stability in earnings from its pure franchised business. The market is discounting WH to factor in a historically significant number of deletions every year, offset by a business that’s almost all based solely on fees. The price objective is also in-line with a midcycle multiple on recovery earnings discounted back to 2022 estimates.

Outperformance above BofA’s price target for WH could occur due to an accelerating RevPAR environment, aided by better macroeconomic data, greater-than-expected margin expansion and net-unit-growth ahead of expectations. Risks to BofA’s price objective are greater-than-expected economic weakness, bigger-than-forecast dips in travel demand, deepened delays in hotel development that may slow system growth, worse-than-expected business and consumer spending, along with declines in overall travel demand.

Chart courtesy of www.StockCharts.com

COVID-19 Will Not Endanger Five Resort Stocks to Buy

The U.S. Center for Disease Control and Prevention (CDC) urged people to wear masks to deter the spread of COVID-19, a circulating strain of the flu and a serious respiratory virus. CDC Director Dr. Rochelle Walensky said doing so would cut the chance of catching or spreading such virulent viruses.

With flu and respiratory syncytial virus spreading at high levels in the United States as COVID cases recently rose, hospital emergency departments are strained. Walensky said everyone who is eligible to receive a bivalent booster and a flu shot should get them.

China’s economy may gain a short-term boost from relaxing its COVID-19-related lockdowns a bit, but the virus does pose a risk of causing a spike in cases and deaths due to the nation’s less-than-stellar vaccines. Weak global and domestic demand, public protests about the county’s zero-COVID policy and a real estate slump are risks to the world’s second-biggest economy.

COVID-19 cases in the United States totaled 99,562,290 and deaths climbed to 1,085,319, as of Dec. 13, according to Johns Hopkins University. America has the dreaded distinction of incurring the most COVID-19 cases and deaths of any nation. Worldwide COVID-19 deaths hit 6,656,392 people, up 6,000 since Dec. 9, while total cases reached 650,422,621, Johns Hopkins reported on Dec. 13.

The U.S. Centers for Disease Control and Prevention reported that 267,654,789 people, or 80.6% the U.S. population, have received at least one dose of a COVID-19 vaccine, as of Dec. 7. People who have completed the primary COVID-19 doses totaled 228,604,758 of the U.S. population, or 68.9%, according to the CDC. The United States also has given a bivalent COVID-19 booster to 40,007,377 people who are age 18 and up, accounting for 15.5% of the U.S. population in that age group on Dec. 7, compared to 14.7% a week ago.

The five resort stocks to buy are mostly immune from Russia’s invasion of Ukraine that began on Feb. 24 and has escalated lately. Despite Russia’s leaders calling their continuing shelling and missile firing a “special military operation,” the five resort stocks to buy cater to well-healed customers who can afford to splurge on travel even though an estimated 100,000 have been killed on each side of the Russia-Ukraine conflict that is not showing any signs of abating.

Paul Dykewicz, www.pauldykewicz.com, 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. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of StockInvestor.com and DividendInvestor.com, 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. Special Holiday Offer: Paul is the author of an 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 book is great holiday 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.

The post Five Resort Stocks to Buy Despite Russia’s War Causing Civilians to Die appeared first on Stock Investor.

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Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

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