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Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic

Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic

One week after stocks suffered their…

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Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic

One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high...

... 10Y yields exploding higher, surging more than 10bps so far today...

... in what appears to be the latest bond market flash smash which has pushed 10Y yields to the highest level since 2010...

... and S&P futures plunging over 1.4%, and the S&P set to open at a fresh 2022 low...

... with futures set to drop nearly 5% (or more) for a 2nd consecutive week, and down 5 of the past 6 weeks!

Besides the soaring dollar, two other drivers contributed to today's widespread market panic:

  • first, the shocking UK mini budget saw the country's new administration slash tax rates by the most since 1970s at a time when the country is about to enter recession and is battling with runaway inflation which crashed UK bonds and sent the pound tumbling to a 37 year low as markets priced in a more aggressive pace of tightening to offset the government’s growth plan,
  • second, traders also freaked out over a Goldman research report which slashed the bank's S&P price-target to just 3,600 from 4,300, making the bank one of the biggest bears on Wall Street.

In premarket trading, Costco shares declined 3.3% as analysts flagged that volatility may remain high for the company’s shares. Analysts mostly welcomed its report of modest improvements in inflation and supply chains. here are the other notable premarket movers:

  • AMD shares dropped 1.5% in premarket trading as Morgan Stanley trimmed price target to $95 from $102, citing a worsening PC end market and headwinds on the client business, including a collapse in gaming GPUs.
  • Tritium DCFC shares jumped 4% in postmarket trading, following six straight losing sessions, after the maker of electric-vehicle chargers reported sales orders of $203 million for fiscal year ended June 30, and revenue of $86 million.
  • CalAmp gained 3% postmarket after the maker of tracking devices posted fiscal 2Q revenue that beat estimates.
  • DocuSign edged higher in postmarket trading after announcing that the board of directors has hired Allan Thygesen as Chief Executive Officer.

Europe's Stoxx 600 dropped more than 1%, declining 20% from January record high, set to enter a new bear market. Energy, miners and real estate are the worst-performing sectors amid broad-based declines.  Here are the most notable European movers:

  • Credit Suisse shares declined as much as 9.4% to a record low for a second day running, even as the bank denied a report that it was considering an exit from its US operations
  • Ericsson falls as much as 6.1% to 2-year lows after a Radio Sweden report saying the communications equipment maker continued to send products to Russia after saying deliveries had been suspended
  • Energy is among the worst-performing sectors on Europe’s Stoxx 600 index on Friday, with the subindex falling as much as 2.6% to the lowest since July 27 as oil heads for a fourth weekly loss
  • European warehouse firms slide after Barclays issued a review on the sector, cutting target prices on average by 20%, downgrading Tritax Big Box REIT and Warehouses De Pauw to underweight
  • Bureau Veritas falls as much as 5% after Oddo cuts to underperform, saying the valuation gap with peers and recent stock performance seems to leave more downside than upside in relative terms
  • Nordic Semiconductor shares rise after DNB said it had found a component from the firm in the latest version of Apple’s AirPods Pro earphones which were released today. Varta, meanwhile drops as much as 13% after DNB found batteries from its rival Samsung in the new earphones
  • UK homebuilders, retailers and banks get a boost as Chancellor of the Exchequer Kwasi Kwarteng announces several tax relief measures, with much of the sector trimming earlier losses

As reported earlier, UK stocks, bonds and the cable all plunged as traders ramped up their bets on Bank of England rate hikes, betting on a 50% chance of a 100-basis-point increase from the central bank at its next rate decision in November, as the government set out its most radical package of debt-financed tax cuts since 1972 and the Debt Management Office increased its gilt sales plan more than expected.  “The markets will do what they will,” said Chancellor of the Exchequer Kwasi Kwarteng, when challenged in parliament on the mayhem in markets.

The European Central Bank will also forge ahead with increases in borrowing costs, according to Governing Council member Martins Kazaks, even as recession risks rise across the continent.

Earlier in the session, Asian stocks fell, with investors continuing to flee riskier assets as Treasury yields surged following the Fed’s rate hike that increased recession fears. The MSCI Asia Pacific Excluding Japan Index slipped as much as 1.6% while the broader MSCI Asia Pacific Index was on course for its sixth weekly retreat, the longest losing streak since May. TSMC and Tencent were the biggest drags on both gauges as the tech sector led declines.  All markets in the region dropped, with several hitting grim milestones. Hong Kong’s Hang Seng Index fell to the lowest in more than a decade, while South Korea’s Kospi finished at its lowest since Oct. 2020. Australia’s benchmark fell nearly 2% as the country resumed trading after a holiday. Japan was closed. 

“The intense tightening by the Federal Reserve to go all-out against inflation heightened fears that it could destroy demand and cause a recession,” said Han Jiyoung, an analyst at Kiwoom Securities in Seoul.    The MSCI Asia Pacific Index has lost about a third of its value from a 2021 peak as the Fed’s rate-hike campaign and the strengthening US dollar prompted an exodus of funds from emerging markets. China’s regulatory crackdowns and its strict Covid lockdown policies have also weighed on sentiment.   Hong Kong stocks ended in the red even as the city scrapped hotel quarantine for inbound travelers, the most substantial move yet in the city’s push to revive its status as a global financial center. “It’s optimistic to think a recession can be avoided and in our opinion any chance of a soft landing has evaporated,” said George Brown, an economist at Schroders. “We believe a recession will be needed to bring inflation under control.”

In rates, the yield on 10- year Treasuries exploded higher as bonds briefly flash crashed, sending the 10Y yields as low as 3.82% in a bear-flattening move that lifted front-end yields more than 10bp; 2-year and 3-year yields peak above 4.25% with all tenors reaching multiyear highs. Move follows soaring gilt yields where belly of the UK curve is cheaper by 50bp on the day into early US session, while the UK pound drops to a fresh 27-year low as mounting fiscal stimulus threatens to undermine Bank of England’s control on inflation. US yields are cheaper by 12bp to 5bp across the curve with front-end led losses flattening 2s10s by 3.5bp, 5s30s by 7.5bp on the day; 10-year yields around 3.80%, outperforming gilts by ~20bp in the sector. 

In FX, the dollar rallied broadly, hitting a new all-time high against a currency basket and pushing the euro to a 20-year low wjhile the pound plunged to a fresh 35 year low just above 1.10 after the new UK government unveiled a massive fiscal stimulus plan to boost economic growth, which is sure to send inflation soaring even higher and force the BOE to do even more QT and so on. Safe-haven demand also boosted the greenback amid more signs of a slowing Chinese economy, which raised concerns about the outlook for global economic growth.  

  • Broad dollar strength pushed the Bloomberg Dollar Spot Index as much as 0.6% higher, hitting its highest on record going back to 2005
  • The euro fell as much as 0.9% to 0.9751, its weakest level since 2002. The single currency extended losses after sizable stop-loss orders were triggered below 0.9800 and 0.9780, a Europe-based trader says. Options-related bids at $0.9750 and $0.9700 were seen offering near-term support.
  • The pound sank nearly 1% to 1.1151, a 35-year low, pushing the Bloomberg UK Pound Index to its a lifetime high. The UK currency trimmed losses as the UK government announced a massive fiscal stimulus plan to boost economic growth.

“For the USD to weaken meaningfully, the Fed has to get more concerned about growth than inflation-and we are not there yet.” Bank of America analysts write in a note. It adds that, for the euro to start appreciating, “the ECB needs not only to act, but also to communicate forcefully.”

In commodities, WTI drops more than 2% lower to trade just above $80, a level where OPEC+ production cuts are expected. Spot gold falls roughly $9 to trade near $1,662/oz. Spot silver loses 1.1% near $19.

Looking to the day ahead now, data releases include the September flash PMIs for Europe and the US. Otherwise, central bank speakers include Fed Chair Powell, as well as the ECB’s Kazaks and Nagel. Remember the Italian election on Sunday.

Market Snapshot

  • S&P 500 futures down 0.5% to 3,752.25
  • MXAP down 1.2% to 145.59
  • MXAPJ down 1.6% to 470.98
  • Nikkei down 0.6% to 27,153.83
  • Topix down 0.2% to 1,916.12
  • Hang Seng Index down 1.2% to 17,933.27
  • Shanghai Composite down 0.7% to 3,088.37
  • Sensex down 1.6% to 58,191.14
  • Australia S&P/ASX 200 down 1.9% to 6,574.73
  • Kospi down 1.8% to 2,290.00
  • STOXX Europe 600 down 0.9% to 396.36
  • German 10Y yield little changed at 1.93%
  • Euro down 0.8% to $0.9756
  • Brent Futures down 1.9% to $88.75/bbl
  • Gold spot down 0.4% to $1,664.46
  • U.S. Dollar Index up 0.60% to 112.03

Top Overnight News from Bloomberg

  • BofA Says Cash is King as Investor Pessimism Hits 2008-Era High
  • Goldman Slashes S&P 500 Target Citing Higher Fed Rates Path
  • UK Sets Out Biggest Tax Cuts Since 1988 to Boost Economic Growth
  • Era of Inflation Has Ended -- for Asset Prices on Wall Street
  • Oil Set for Fourth Weekly Loss With Rate Hikes Darkening Outlook
  • Goldman to BofA Throw in the Towel on a Year-End Rally in Europe
  • Treasury Selloff Drives SOFR Spread Toward Record One-Day Drop
  • Wall Street’s Top Banks Are Backing Oil to Stage a Recovery
  • Nasdaq Increases Scrutiny of Small-Cap IPOs After Big Swings
  • Japan Has a Pile of Dollars It Can Tap Before Selling Treasuries
  • Chinese Money Pours Into Offshore Debt After Rare Yield Reversal
  • China Compares Taiwan Independence Push to Charging Rhino
  • China’s Most Locked-Down City Shows Perils of Endless Covid Zero
  • Crypto Outperforms Stocks for a Change as Correlation Breaks
  • Raytheon Beats Lockheed, Boeing on $1 Billion Hypersonic Job
  • Zelle Emerges as Lawmakers’ Surprise Foe at Bank Hearings
  • Alex Jones Renews ‘Deep State’ Claim at Defamation Trial
  • It’s Every Nation for Itself as Dollar Batters Global Currencies
  • Nikola Investor Lost $160,000 on Milton’s Hype, He Tells Jury
  • FedEx to Cut Costs, Hike Rates in Battle Against Flagging Demand
  • With Shelters Overflowing, NYC to Put Up Tents for Migrants
  • Senior-Care Provider Cano Health Said to Weigh Sale
  • Banks Dust Off Lockdown Plans to Beat Possible Power Blackouts

A more detailed look at global markets courtesy of Newsquawk

Asian stocks were negative in the aftermath of the rush of global central bank rate hikes during 'Super Thursday' and with risk appetite not helped by the absence of participants in Japan for the Autumnal Equinox Day. ASX 200 was heavily pressured on return from yesterday’s national day of mourning closure and took its first opportunity to react to the hawkish FOMC with the tech and consumer-related sectors the worst hit. KOSPI declined with the recent flurry of central bank rate hikes adding to the arguments for the BoK to continue on its hiking cycle as South Korean officials look to avert one-sided currency moves. Hang Seng and Shanghai Comp slightly deteriorated throughout the session as the early support from reports regarding Hong Kong and Macau potentially easing restrictions for arrivals gradually waned, while US audit watchdog officials recently arrived in Hong Kong for audit inspections as firms seek to avoid delisting from US exchanges.

Top Asian News

  • White House Indo-Pacific coordinator said China clearly has ambitions in the Pacific which have caused concerns among Pacific Island leaders, according to Reuters.
  • Hong Kong will announce today the end of mandatory hotel quarantine for overseas arrivals, according to SCMP.
  • Japan PM Kishida said excessive yen movement repeatedly caused by speculation cannot be overlooked and they will take action should there be any excessive volatility in the yen, according to Reuters.
  • Yuan Weakens to Near Trading Band Limit as Pressure Mounts
  • China Junk Debt Ends Longest Rally of Year as Distress Mounts
  • Times China Told Bondholders It Hasn’t Paid Interest Due Thurs
  • Peak Pessimism Setting in for Chinese Stocks Ahead of Congress
  • Iron Ore Fluctuates as China Steel Hub Tangshan Lifts Lockdowns
  • JPM Analysts Liken UK Bank Deposit Speculation to Windfall Tax

European bourses are pressured across the board after the Flash PMI releases for the region indicate a contraction; Euro Stoxx 50 -1.5% Pressure that was exacerbated, particularly in the UK, on the mini-Budget and subsequent Gilt/BoE pricing, despite the measures being designed to stimulate the economy. Stateside, futures are lower in sympathy and continuing APAC performance awaiting their own PMI metrics and Fed commentary.

Top European News

  • ECB's Kazaks says they will continue to hike rates, via Bloomberg; adds, faster Fed hikes have weakened the EUR. His choice for the October ECB hike is either 50bps or 75bps.
  • UK COVID-19 hospitalisations rose 17% in a week which is the first significant increase since July and is sparking fears of a new wave, according to The Telegraph.
  • Credit Suisse Hits Fresh Low; Denies Report of Looming US Exit
  • UK Probably in Recession as Pound’s Weakness Boosts Inflation
  • UK Bonds Plunge as Debt Office Plans More Sales Than Expected
  • VW Warns of Production Shift From Germany Over Gas Shortage
  • Ericsson Governance Worries Mount After Russia Sales Debacle
  • European Watchdog Backs New Trading Halts for Energy Market

FX

  • DXY has surged to a fresh 112.3+ peak to the detriment of peers across the board with the Yuan taking the strain.
  • GBP dented post-PMIs/budget despite initial support from BoE pricing as the USD's surge continues.
  • Amidst this, EUR has been hit on the flash-PMIs and accompanying commentary around recession fears and a resurgence in price pressures.

Fixed Income

  • Gilts decimated to sub-99.00 from the 102.30 region in wake of the budget and accompanying fund consideration and potential inflationary implications
  • Action that has sparked a surge in BoE pricing with markets now implying a 50/50 chance of a 100bp increase in November.
  • More broadly, EGBs and USTs are dragged down in tandem though seem to have reached a 'floor' ahead of the afternoon's events.

Commodities

  • Crude benchmarks are pressured by pronounced USD strength and risk action amid recessionary fears.
  • Additionally, participants are attentive to potential weekend developments with EU member states set to discuss Russian sanctions.
  • Russian President Putin spoke to Saudi Crown Prince MBS and discussed the question of coordination to ensure stability in the oil market, while they praised efforts within the OPEC+ framework and confirmed the intention to continue sticking to existing agreements, according to Reuters.
  • Metals dented across the board by the USD with base metals in particular hit amid broader sentiment with LME Copper slipping below USD 7.5k/T.

US event calendar

  • 09:45: Sept. S&P Global US Composite PMI, est. 46.1, prior 44.6
  • 09:45: Sept. S&P Global US Services PMI, est. 45.5, prior 43.7
  • 09:45: Sept. S&P Global US Manufacturing PM, est. 51.0, prior 51.5

DB's Jim Reid concludes the overnight wrap

It's a bit of a broken record at the moment as markets have again been reeling over the last 24 hours, with another major selloff for bonds and equities taking place after central bankers showed no sign of letting up on their campaign of rate hikes to tackle inflation. The hawkish Fed decision on Wednesday set the backdrop for the slump, but that was compounded by further hikes yesterday in the UK, Switzerland, Norway, South Africa, Indonesia and the Philippines. Inturn, that led investors to expect an even more aggressive pace of rate hikes over the months ahead, with current market pricing for each of the Fed, ECB and the BoE indicating that a 75bps hike at the next meeting is now considered the most likely outcome for all three.

In terms of those market moves, equities lost ground across the board as the prospect that tighter monetary policy would trigger recessions moved increasingly into view. The S&P displayed a lot of volatility into the close, ultimately falling -0.84% and moving deeper into bear market territory and on track for its worst annual performance since 2008. Under the hood, sector performance had a consistent macro story, where there was an outperformance in defensives (health care led the way up +0.51%) and an underperformance in cyclicals (discretionary lagged at -2.16%).

In Europe the losses were even more severe as they finally got to react to the Fed’s announcement the previous evening, with the STOXX 600 (-2.09%) actually falling beneath its July lows to close at levels unseen in over 20 months. It's fascinating that there's hardly been any wider mention of the Italian election this Sunday even with the centre-right populists ahead in the polls. There are much bigger things to worry about to be fair and it seems that there is limited political appetite in Italy at the moment to deviate too far from EU fiscal rules. See here for our economists' preview.

The declines mentioned above for equities were just as dramatic for sovereign bonds, with yields on 10yr Treasuries surging by +18.4bps to a post-2011 high of 3.71%. That was primarily driven by a rise in real yields, which similarly hit a high for the decade at 1.30%. We did get some positive data on the weekly initial jobless claims, which came in at 213k (vs. 217k expected) for the week ending September 17, and the previous week was revised down -5k. But that just compounded the selloff, since the fact that claims are on a firmly downward trend was seen as giving the Fed even more space to hike rates over the coming months without worrying about a sharp rise in unemployment. Those expectations of additional rate hikes were evident among Fed funds futures, which moved towards the more hawkish FOMC dot plot, with the rate implied by December 2023 up +10.0bps on the day to 4.33%.

Over in Europe it was much the same story, with yields on 10yr bunds (+7.2bps), OATs (+7.8bps) and BTPs (+3.9bps) seeing fresh rises. Gilts were the biggest underperformer however, with 10yr yields up +18.1bps after the Bank of England hiked by 50bps for a second consecutive meeting, taking Bank Rate up to 2.25%. The decision was a 3-way split among policymakers, with 5 of the 9 MPC members in favour of the 50bp hike, 3 members wanting a larger 75bps move, and 1 wanting a smaller 25bps hike. They also voted (unanimously) to reduce the stock of gilts by £80bn over the next 12 months. Our UK economist sees this decision as slightly hawkish (link here), and sees the BoE as having opened the door for a larger rate hike in November. As a result, he now expects that the MPC will deliver a 75bps hike at the next meeting, although this is a very close call, with the terminal rate still reaching 4% in this hiking cycle.

Staying on the UK, it’s also an important day on the fiscal side as new Chancellor Kwasi Kwarteng will be unveiling the government’s Growth Plan in the House of Commons this morning. Ahead of that, we got confirmation yesterday that the 1.25pp increase in National Insurance (a payrolls tax) is going to be reversed from 6 November. Otherwise, it’s been widely reported that they’ll confirm that corporation tax will remain frozen at 19%, rather than increasing to 25% as had been planned, and recent days have also seen press speculation about a potential cut to stamp duty (the home purchase tax). Our UK economist has a preview of the event here.

On oil, the EU is apparently working on a new effort to impose a price cap on Russian oil in response to President Putin’s escalation and partial mobilisation announcement yesterday. However, the plan will still face hurdles given the dire energy situation in Europe and the need to arrive at an unanimous decision. Elsewhere, the Nigerian oil minister echoed previous remarks from other cartel members by saying OPEC may need to cut output if prices fell more. Brent crude prices were +0.70% higher, after being as much as +3.31% higher intraday but are back roughly to where they were 24 hours ago this morning in Asia.

Looking elsewhere, there was plenty of other monetary action to digest after Japan intervened to support the Yen for the first time since 1998. That came shortly after the BoJ’s latest decision we mentioned in yesterday’s edition, which saw the yen weaken above 145 per US Dollar initially, before the intervention led to a sharp pullback that saw the yen close at 142.39. Confirmation came from Masato Kanda, Japan’s top currency official, who said that “The government is concerned about excessive moves in the foreign exchange markets, and we took decisive action just now”. In a statement from the US Treasury, a spokesperson said that “We understand Japan’s action, which it states aims to reduce recent heighted volatility of the yen.” George Saravelos writes here that the intervention is unlikely to work and could lead to an unnecessary loss of reserves and credibility.

Asian equity markets are limping towards a sixth weekly loss this morning. The Kospi (-1.59%) is the largest underperformer across the region mirroring Wall Street losses overnight followed by the Shanghai Composite (-1.08%), CSI (-0.96%) and the Hang Seng (-0.91%). Elsewhere, markets in Japan are closed for a holiday with no trading of cash Treasuries in the Asian trading hours. US stock futures are pointing to further declines today with those on the S&P 500 (-0.17%) and NASDAQ 100 (-0.28%) both down.

Early morning data from Australia showed that the flash manufacturing PMI rose slightly to 53.9 in September from 53.8 in August while the services PMI came in at 50.4 compared to 50.2 in August.

In other news, Japan is ending its Covid-19 restrictions and opening the door back up to mass tourism in a move to revive the nation’s tourism industry as the Covid pandemic recedes. The new policies will come into effect on October 11.

In terms of yesterday’s other data, sentiment wasn’t helped after the European Commission’s consumer confidence indicator for the Euro Area fell to a record low of -28.8 in September on the preliminary reading. Bear in mind that series covers both Covid and the GFC so that’s a seriously negative print. Over in the US, the Kansas City Fed’s manufacturing index fell to 1 in September (vs. 5 expected), marking its lowest level since July 2020.

To the day ahead now, and data releases include the September flash PMIs for Europe and the US. Otherwise, central bank speakers include Fed Chair Powell, as well as the ECB’s Kazaks and Nagel. Remember the Italian election on Sunday.

Tyler Durden Fri, 09/23/2022 - 08:03

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Plan will put everyone in England within 15 minutes of green space – but what matters is justice not distance

The UK government wants every household in England to be within 15 minutes walk of a park, woodland or water.

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GIOIA PHOTO / shutterstock

How long does it take you to walk to your nearest park, woodland, lake or river? If it takes more than 15 minutes, according to the UK government’s new environmental improvement plan for England, something needs to be done about it. It says 38% people in England don’t have a green or blue space within a 15-minute walk of their home.

The plan promises a “new and ambitious commitment to work across government and beyond” to provide access to local green and blue spaces. It recognises the importance of connecting with nature, and that time spent outdoors is good for physical and mental health.

That’s a message researchers have been underlining for years, as a recent evidence review shows, and it has been amplified by COVID-19, which showed the importance of local green and blue spaces for wellbeing.

But the plan’s laudable ambitions overlook the ways our experiences of the outdoors are shaped by privileges of wealth and health.

If you live in a disadvantaged area, your local green space may be further away from your home, or you might have to share it with more people. As the campaign group Fields in Trust pointed out in a 2022 report, this is a question of justice.

However, there’s more to justice than the amount of space you have to share with others, or how long it takes you to get there. It’s also about how you feel and what you can do when you get there.

My own research highlights some key questions we need to ask if we’re to protect and improve our green spaces for future generations. Questions such as “Do I feel welcome here?” “Does this space meet my needs?” or “Do I get a say in how it is looked after?” highlight the fact that access is a matter of equality and democracy.

Some green spaces are greener than others

There are three key aspects of green and blue spaces that should be considered, and invested in, if the environmental improvement plan is to be more than wishful thinking.

People playing football
Some green spaces aren’t for everyone. 1000 Words / shutterstock

First, not all green and blue spaces are the same or provide the same benefits. The qualities of a football pitch are very different from those provided by a woodland walk along a stream.

Lumping them all together as “green and blue spaces” overlooks the need for a variety of spaces within easy reach to meet local people’s needs for physical and mental wellbeing.

Second, not all spaces are equally well looked after. Spaces that are fly-tipped or associated with antisocial activities can feel intimidating, especially after dark.

Green and blue spaces in disadvantaged areas need more care, and that requires time and money. As Public Health England noted, access to good quality green spaces is worse in more disadvantaged areas.

Third, simply being in a space won’t necessarily bring you all the benefits a space can offer. For people suffering from anxiety or depression, for example, more structured activities might be more helpful.

This could include time spent on rivers or allotments as part of the government’s pilot plan to tackle mental ill health by prescribing time in nature.

Be like Birmingham

In Birmingham, the local authority isn’t content with trumpeting the merits of its 600 parks. Instead, the city has developed a city of nature plan (I was part of a team that evaluated it).

At the heart of its approach is the idea of environmental justice, which it defines as “the fair treatment and meaningful involvement of all people regardless of race, colour, national origin, or income, with respect to the development, implementation and enforcement of environmental laws, regulations, and policies”.

Map of city highlighting parks
Birmingham’s 600 parks and open spaces are shared between 1.1 million residents of the city proper. Intrepix / shutterstock

To apply environmental justice to the city’s green spaces, Birmingham Council has assessed each of its 69 electoral ward in terms of access to green space of two hectares (about three football pitches) or more within 1,000 metres, as well as flood risk, urban heat island effects, health inequalities and deprivation.

Through this work, it has identified 13 of its 69 wards which are most in need of investment to reach a new “fair parks standard”. These mainly central areas have less accessible green space, are more at risk of flooding and urban heating, and are more deprived.

Starting with a pilot programme in Bordesley & Highgate Ward (setting for the BBC series Peaky Blinders), the plan is then to invest in a further five priority areas in central and east Birmingham: Balsall Heath West, Nechells, Gravelly Hill, Pype Hayes and Castle Vale.

This is the kind of approach that could guide investment in many other cities. It links funding with equalities and brings together climate change, public health and community issues. It shows that quality and equity can’t just be boiled down to the distance between your home and the nearest park.

The challenge now is to learn from Birmingham’s pioneering approach and apply similar principles elsewhere. At its best, this work can be used to highlight the challenges not only of applying resources equitably, but of ensuring the resources are there in the first place, an issue the environmental impact plan rather predictably glosses over.

Julian Dobson and colleagues were funded by the National Trust and National Lottery Heritage Fund to evaluate the Future Parks Accelerator programme. The views expressed here are the author's own.

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UN Initiative Targets And Doxxes Doctors And Nurses Who Don’t Follow COVID-19 Narrative

UN Initiative Targets And Doxxes Doctors And Nurses Who Don’t Follow COVID-19 Narrative

Authored by Katie Spence via The Epoch Times (emphasis…

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UN Initiative Targets And Doxxes Doctors And Nurses Who Don't Follow COVID-19 Narrative

Authored by Katie Spence via The Epoch Times (emphasis ours),

Nicole Sirotek is a registered nurse in Nevada with over a decade of experience working in some of the harshest conditions. When a hurricane devastated Puerto Rico, Sirotek and the organization she founded, American Frontline Nurses (AFLN), were there and gave out over 500 pounds of medical equipment and supplies.

National flags in front of the United Nations headquarters in Geneva, Switzerland. A group started as part of the United Nations Verified initiative has targeted nurses and doctors who don't follow the official narrative on COVID-19. (Fabrice Coffrini/AFP)

She hasn’t hesitated to be the first in when an emergency hits and medical professionals are needed. She’s lost count of the number of times she’s woken up on a cot in the middle of nowhere, boots still strapped to her feet, and ready to go.

But in tears during an interview with The Epoch Times, she detailed her ordeal with harassment and doxing over the past year and how she’s contemplated suicide due to crippling anxiety and depression.

It took such a toll on my mental health. I wasn’t sleeping and wasn’t eating,” Sirotek said.

To regain her mental health, she decided to step back from the group she started. But even that decision brought pain.

I said after I left New York, I’d do everything that I can to make sure it didn’t happen again,” Sirotek said, recalling the death she witnessed when she volunteered in New York as a nurse at the start of the COVID-19 pandemic. “I mean, for me to step back and take a break just makes me feel like I failed!”

A mobile station in New York on Dec. 29, 2021. (Richard Moore/The Epoch Times)

Sirotek is the victim of ongoing harassment. She’s received pictures of her children posed in slaughterhouses and hanging from a noose, drive-by photos of her house, and letters with white powder that exploded upon opening.

The Nevada State Board of Nursing was inundated with calls for Sirotek’s professional demise and flooded with anonymous complaints.

These complaints trace back to Team Halo, a social media influencer campaign formed as part of the United Nations Verified initiative and the Vaccine Confidence Project.

In response, Sirotek filed a police report. Her lawyer sent a cease-and-desist letter. The Epoch Times reviewed the documents.

The reply from the cease-and-desist letter? The client was acting within his First Amendment rights.

The Harassment Begins

In February 2022, Sirotek, as the face of AFLN, a patient advocacy network that boasts 22,000 nurses, appeared before Sen. Ron Johnson (R-Wis.) and testified about the harm patients were experiencing when they sought treatment for COVID-19.

She said she didn’t witness patients dying from the novel virus when she volunteered to work the front lines in New York at the start of the pandemic.

Instead, in her opinion, as a medical professional with multiple master’s degrees, patients were dying from “negligence” and “medical malfeasance.

Sirotek detailed the withholding by higher-ups of steroids and Ibuprofen and the prescribing of remdesivir. Additionally, there was zero willingness to consider possible early intervention treatments like ivermectin.

As the pandemic continued, such practices only escalated, Sirotek said.

Sirotek’s testimony resulted in cheers, widespread attention, and a target on her back.

Sen. Ron Johnson (R-WI) (C) speaks during a panel discussion titled COVID-19: A Second Opinion in Washington DC Jan. 24, 2022. (Drew Angerer/Getty Images)

[The harassment] all started the day we got back from DC,” Sirotek said.

At first, the attacks started with the typical “you’re transphobic, you’re anti-LGBTQ. I mean, they even called me racist,” Sirotek, who is Hispanic, recalled.

And as more patients sought AFLN’s help, the attacks increased in frequency and force.

At first, Sirotek said the attacks appeared to come from random people. But as the attacks continued, the terms “Project Halo,” “Team Halo,” and “#TeamHalo” continually cropped up. Especially on TikTok and from two accounts, “@jesss2019” and “@thatsassynp.”

“[@thatsassynp] just kept on saying how I was spreading misinformation, [that] ivermectin doesn’t work,” Sirotek said. “He kept targeting the Nevada State Board of Nursing because I was on the Practice Act Committee, and he did not feel like that was acceptable.”

Craig Perry, a lawyer representing nurses, including Sirotek, before the Nevada State Board of Nursing, confirmed Sirotek’s account. The executive director of the Nevada State Board of Nursing, Cathy Dinauer, declined to provide details on complaints or investigations, stating to The Epoch Times via email that they are “confidential.”

Sirotek said the complaints overwhelmed her ability to defend her nursing license.

“Untimely, they were filing so many complaints against me that [the Nevada State Board of Nursing] had to start filtering them as to what was applicable and not applicable. And [the complaints] just buried my nursing license to the point that we couldn’t even defend it,” Sirotek said.

Attacks Transition to Threats

Whenever Sirotek, or AFLN, tried to set up a community outreach webinar, hateful comments flooded their videos.

Julia McCabe, a registered nurse and the director of advocacy services for AFLN, told The Epoch Times that initially, they tried kicking the trolls out of the outreach videos. But they couldn’t keep up with the overwhelming numbers and had to shut the videos down, usually after only 10 minutes, she said.

To address the swarms, as McCabe labeled them, AFLN started charging an entrance fee for their webinars. But, McCabe said, they’d send out an email with a free access code to all of their subscribers before the webinar started. It helped, but not enough. The swarms kept coming. And the attacks escalated.

On June 5, 2022, @thatsassynp posted a video on TikTok calling for a “serious public uprising,” because the Nevada State Board of Nursing and other regulatory agencies weren’t disciplining nurses for spreading “disinformation.”

It became one of many such videos in the ensuing days. In the comments of one, he stated, “Also, stay tuned as [@jesss2019] will be addressing this as well. We are teaming up (as per usual) to raise awareness and demand action on this issue.” @jesss2019 responded, “Yes!!!! We will get this taken care of.”

Jess and Tyler Kuhk of @thatsassynp have “teamed up” on several occasions, targeting healthcare workers who question the COVID-19 narrative. Team Halo doesn’t officially list Kuhk on its site, but Kuhk posts with the #teamhalo.

In another video, he states, “If you’re new to this series, PLEASE watch the videos in my playlist ‘Nevada board of nursing.’ This started in Feb of this year.” His video has almost 35,000 “loves.”

On June 7, 2022, @jesss2019 posted a video on TikTok accusing Sirotek of spreading misinformation. It included a link to @thatsassynp, and his complaints about Sirotek to the Nevada State Board of Nursing and calls to remove her from the Practice Act Committee. She implored TikTok to boost the message. It, too, became one of many videos attacking Sirotek.

Specifically, @jesss2019 and @thatsassynp took issue with videos and posts from Sirotek, and AFLN, advocating for ivermectin and highlighting possible issues with remdesivir and the COVID-19 vaccines.

@jess2019 removed all of the above videos after The Epoch Times sought comment. The Epoch Times retains copies.

Sirotek says she received the first death threat against herself and her children around the same time, in June 2022.

“They cut off the pictures of my children’s faces from our family photos, where we take them every year on our front porch—we’ve got 11 years of those photos—and they cut them out and put them on the bodies of those little boys that have been sexually abused. And that’s what would get sent to my house. And I gave the police that,” Sirotek said.

In response to a request for comment from The Epoch Times, Sen. Johnson defended Sirotek.

“The COVID Cartel continues to frighten and silence those who tell the truth and challenge their failed response to COVID,” Johnson said. “It is simply wrong for Ms. Sirotek to be smeared and attacked like so many others who have had the courage and compassion to successfully treat COVID patients.”

As the threats continued and escalated, Sirotek also asked Perry to send a cease-and-desist letter to Tyler Kuhk on Aug. 1, 2022.

Kuhk, a nurse practitioner, is the person posting on TikTok under the pseudonym @thatsassynp.

The TikTok logo is pictured outside the company’s U.S. head office in Culver City, California, on Sept. 15, 2020. (Mike Blake/Reuters)

The letter sent to Kuhk alleges that on at least 10 different occasions, @thatsassynp encouraged a “public uprising” against Sirotek. It also details that his videos attacking Sirotek garnered over 400,000 views.

In response, McLetchie Law, a “boutique law firm serving prominent and emerging … media entities” responded to Perry by stating in a letter dated Aug. 16, 2022, “Both Nevada law and the First Amendment provide robust protections for our client’s (and others’) rights to criticize Ms. Sirotek’s dangerous views and practices—and to advocate for her removal from the Nursing Practice Advisory Committee of the Nevada State Board of Nursing.”

It also warned that any attempt to deter Kuhk from his chosen path would “backfire” and could result in a “negative financial impact.” Neither Kuhk nor McLetchie Law responded to The Epoch Times’ request for comment.

Unable to confirm the real name behind the TikTok account @jesss2019, and thus, unable to send her a legal letter, Sirotek posted some of the threats she’d received on Facebook, pleading for @jesss2019 to cease targeting her, and recognize the possible real-world harm.

In desperation, Sirotek asked Perry to file a legal name change, which he did on Sep. 15, 2022, hoping that would thwart people’s ability to look up Sirotek’s information. Perry told The Epoch Times, “Usually, when you do a name change, it’s a public record. But under extenuating circumstances, you can have that sealed.”

In Sirotek’s case, the court recognized the threat to her and her family’s safety, waived the publication requirement, granted the change, and sealed her record on Oct. 4, 2022.

Sirotek, at the behest of Perry, filed a police report detailing the harassment on Oct. 17, 2022.

In December 2022, @jesss2019 posted a video to TikTok doxing Sirotek by revealing her name change. The Epoch Times sought comment from @jesss2019 but has not received a response. After the request for comment, the user removed the video.

Team Halo and Social Media

On Dec. 17, 2020, Theo Bertram, a director at TikTok; Iain Bundred, the head of public policy at YouTube; and Rebecca Stimson, the UK head of public policy for Facebook, appeared before the UK’s House of Commons to explain what their social media sites were doing to combat “anti-vaccination disinformation.”

All three stated their companies employed a “two-pronged approach.” Specifically, “tackle disinformation and promote trusted content.”

Bundred stated that from the beginning of the year to November 2020, YouTube had removed 750,000 videos that promoted “Covid disinformation.”

The logos of Facebook, YouTube, TikTok, and Snapchat on mobile devices in a combination of 2017–2022 photos. (AP Photo)

Stimson stated that between March and October 2020, “12 million pieces of content were removed from [Facebook],” and it had labeled 167 million pieces with a warning.

Bertram stated that for the first six months of 2020, TikTok removed 1,500 accounts for “Covid violation” and had recently increased that activity. “In the last two months, we took action against 1,380 accounts, so you can see the level of action is increasing,” Bertram said.

“In October, we began work with Team Halo,” Bertram added. “I do not know if you are familiar with Team Halo. It is run by the Vaccine Confidence Project at the London School of Hygiene and Tropical Medicine and is about getting reliable, trusted scientists and doctors on to social media to spread trusted information.”

Team Halo’s Origins

On Sep. 20, 2022, Melissa Fleming, the under-secretary-general for global communications at the United Nations, appeared at the World Economic Forum to discuss how the United Nations was “Tackling Disinformation” regarding “health guidance” as well as the “safety and efficacy of the vaccine” for COVID-19.

A key strategy that we had was to deploy influencers,” Fleming stated. “Influencers who were really keen, who had huge followings, but really keen to help carry messages that were going to serve their communities.”

Fleming also explained that the United Nations knew its messaging wouldn’t resonate as well as influencers, so they developed Team Halo.

“We had another trusted messenger project, which was called Team Halo, where we trained scientists around the world, and some doctors, on TikTok. We had TikTok working with us,” Fleming said. “It was a layered deployment of ideas and tactics.”

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Tyler Durden Wed, 02/01/2023 - 23:25

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Why Is There A COVID Vaccine Mandate For Students?

Why Is There A COVID Vaccine Mandate For Students?

Authored by Margaret Anna Alice via ‘Through The Looking Glass’ Substack,

Letter to the…

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Why Is There A COVID Vaccine Mandate For Students?

Authored by Margaret Anna Alice via 'Through The Looking Glass' Substack,

Letter to the Stanford Daily: Why Is There a COVID Vaccine Mandate for Students?

“Not to know is bad. Not to wish to know is worse.”

—African proverb

I can’t figure out why Stanford is mandating the COVID vaccine for students.

  1. Is it to protect students from the virus, hospitalization, or death?

  2. Is it to protect them from other students?

  3. Is it to protect the Stanford community members from the students? 

If it’s to protect the students from catching COVID, that doesn’t make sense because the CDC says it “no longer differentiate[s] based on a person’s vaccination status because breakthrough infections occur.”

The CDC also acknowledges natural immunity, noting that “persons who have had COVID-19 but are not vaccinated have some degree of protection against severe illness from their previous infection.”

It appears Stanford didn’t get the memo because Maxwell Meyer—a double-jabbed, COVID-recovered alum who was nearly prohibited from graduating for choosing not to get boosted—was informed by an administrator that the booster mandate is “not predicated on history of infection or physical location.”

Despite living 2,000 miles away from campus and not being enrolled in coursework for his final term, Maxwell was told Stanford was “uniformly enforc[ing]” the mandate “regardless of student location.” Does that sound like a rational policy?

Fortunately, a different administrator intervened and granted Maxwell an exemption, but few Stanford students are so lucky. Almost everyone else simply follows the rules without realizing they’ve volunteered for vaccine roulette.

Cleveland Clinic study of the bivalent vaccines involving 51,011 participants found the risk of getting COVID-19 increased “with the number of vaccine doses previously received”—much to the authors’ surprise.

They were stumped as to why “those who chose not to follow the CDC’s recommendations on remaining updated with COVID-19 vaccination” had a lower risk of catching COVID than “those who received a larger number of prior vaccine doses.”

So if the vaccines don’t keep you from getting COVID, maybe they at least protect you from hospitalization?

That doesn’t wash, either, because according to data from the Coronavirus Disease 2019 (COVID-19)-Associated Hospitalization Surveillance Network (COVID-NET)hospitalization rates for 18–64-year-olds have increased 11 percent since the vaccine rollout. Worse, kids under 18 have suffered a shocking 74 percent spike in hospitalizations.

An observational study conducted at Germany’s University Hospital Wuerzburg found:

“The rate of adverse reactions for the second booster dose was significantly higher among participants receiving the bivalent 84.6% (95% CI 70.3%–92.8%; 33/39) compared to the monovalent 51.4% (95% CI 35.9–66.6%; 19/37) vaccine (p=0.0028). Also, there was a trend towards an increased rate of inability to work and intake of PRN medication following bivalent vaccination.”

A new paper published in Science titled Class Switch Towards Non-Inflammatory, Spike-Specific IgG4 Antibodies after Repeated SARS-CoV-2 mRNA Vaccination even has Eric Topol concerned:

If you don’t know what that means, Dr. Syed Haider spells it out in this tweet. He explains that the shots “train your immune system to ignore the allergen by repeated exposure,” the end result being that “Your immune system is shifted to see the virus as a harmless allergen” and the “virus runs amok.”

Viral immunologist and computational virologist Dr. Jessica Rose breaks down the serious implications—including cancerfatal fibrosis, and organ destruction—of these findings.

Well, then does the vaccine at least prevent people from dying of COVID?

Nope. According to the Washington Post, “Vaccinated people now make up a majority of COVID deaths.”

At Senator Ron Johnson’s December 7, 2022, roundtable discussion on COVID-19 Vaccines, former number-one–ranked Wall Street insurance analyst Josh Stirling reported that, according to UK government data:

“The people in the UK who took the vaccine have a 26% higher mortality rate. The people who are under the age of 50 who took the vaccine now have a 49% higher mortality rate.”

Obtained by a Freedom of Information Act (FOIA) request to KBV (the association representing physicians who receive insurance in Germany), “the most important dataset of the pandemic” shows fatalities starting to spike in 2021.

Data analyst Tom Lausen assessed the ICD-10 disease codes in this dataset, and the findings are startling. His presentation includes the following chart documenting fatalities per quarter from 2016 to 2022:

This parallels the skyrocketing fatality rates seen in VAERS:

The vaccinated are more likely to contract, become hospitalized from, and die of COVID. If the vaccine fails on all of those counts, does it at least prevent its transmission to other students and community members?

The obvious answer is no since we already know it doesn’t prevent you from getting COVID, but this CDC study drives the point home, showing that during a COVID outbreak in Barnstable County, Massachusetts, “three quarters (346; 74%) of cases occurred in fully vaccinated persons.”

Maybe Stanford can tell us why they feel the mandate is necessary. Their booster requirement reads:

Why does Stanford have a student booster shot requirement? Our booster requirement is intended to support sustained immunity against COVID-19 and is consistent with the advice of county and federal public health leaders. Booster shots enhance immunity, providing additional protection to individuals and reducing the possibility of being hospitalized for COVID. In addition, booster shots prevent infection in many individuals, thereby slowing the spread of the virus. A heavily boosted campus community reduces the possibility of widespread disruptions that could impact the student experience, especially in terms of in-person classes and activities and congregate housing.”

The claim that “booster shots enhance immunity” links to a January 2022 New York Times article. It seems Stanford has failed to keep up with the science because the very source they cite as authoritative is now reporting, “The newer variants, called BQ.1 and BQ.1.1, are spreading quickly, and boosters seem to do little to prevent infections with these viruses.”

Speaking of not keeping up, that same article says the new bivalent boosters target “the original version of the coronavirus and the Omicron variants circulating earlier this year, BA.4 and BA.5.”

It then goes on to quote Head of Beth Israel Deaconess’s Center for Virology & Vaccine Research Dan Barouch, who says, “It’s not likely that any of the vaccines or boosters, no matter how many you get, will provide substantial and sustained protection against acquisition of infection.”

In other words, Stanford’s rationale for requiring the boosters is obsolete according to the authority they cite in their justification.

If Stanford is genuinely concerned about “reduc[ing] the possibility of widespread disruptions that could impact the student experience,” then it should not only stop mandating the vaccine but advise against it.

Some nations have suspended or recommended against COVID shots for younger populations due to the considerable risks of adverse events such as pulmonary embolism and myocarditis—from Denmark (under 50) to Norway (under 45) to Australia (under 50) to the United Kingdom (seasonal boosters for under 50).

The Danish Health Authority explains why people under 50 are “not to be re-vaccinated”:

“People aged under 50 are generally not at particularly higher risk of becoming severely ill from covid-19. In addition, younger people aged under 50 are well protected against becoming severely ill from covid-19, as a very large number of them have already been vaccinated and have previously been infected with covid-19, and there is consequently good immunity among this part of the population.”

Here’s what a Norwegian physician and health official had to say:

“Especially the youngest should consider potential side effects against the benefits of taking this dose.”
—Ingrid Bjerring, Chief Doctor at Lier Municipality

“We did not find sufficient evidence to recommend that this part of the population [younger age bracket] should take a new dose now.… Each vaccine comes with the risk for side effects. Is it then responsible to offer this, when we know that the individual health benefit of a booster likely is low?”
—Are Stuwitz Berg, Department Director at the Norwegian Institute of Public Health

new Nordic cohort study of 8.9 million participants supports these concerns, finding a nearly nine-fold increase in myocarditis among males aged 12–39 within 28 days of receiving the Moderna COVID-19 booster over those who stopped after two doses.

This mirrors my own findings that myocarditis rates are up 10 times among the vaccinated according to a public healthcare worker survey.

Coauthored by MIT professor and risk management expert Retsef Levi, the Nature article Increased Emergency Cardiovascular Events Among Under-40 Population in Israel During Vaccine Rollout and Third COVID-19 Wave reveals a 25 percent increase in cardiac emergency calls for 16–39-year-olds from January to May 2021 as compared with the previous two years.

The paper cites a study by Israel’s Ministry of Health that “assesses the risk of myocarditis after receiving the 2nd vaccine dose to be between 1 in 3000 to 1 in 6000 in men of age 16–24 and 1 in 120,000 in men under 30.”

Thai study published in Tropical Medicine and Infectious Disease found cardiovascular manifestations in 29.24 percent of the adolescent cohort—including myopericarditis and tachycardia.

Even Dr. Leana Wen, formerly an aggressive promoter of the COVID vaccine, admitted in a recent Washington Post op-ed:

“[W]e need to be upfront that nearly every intervention has some risk, and the coronavirus vaccine is no different. The most significant risk is myocarditis, an inflammation of the heart muscle, which is most common in young men. The CDC cites a rate of 39 myocarditis cases per 1 million second doses given in males 18 to 24. Some studies found a much higher rate; a large Canadian database reported that among men ages 18 to 29 who received the second dose of the Moderna vaccine, the rate of myocarditis was 22 for every 100,000 doses.”

All over the world, prominent physicians, scientists, politicians, and professors are asking pointed questions about illogical mandates; the safety and efficacy of the vaccines; and the dangers posed by the mRNA technology, spike protein, and lipid nanoparticles—including in the UKJapanAustraliaEurope, and the US.

Formerly pro-vaxx cardiologists such as Dr. Aseem MalhotraDr. Dean Patterson, and Dr. Ross Walker are all saying the COVID vaccines should be immediately stopped due to the significant increase in cardiac diseasesadverse events, and excess mortality observed since their rollout, noting that, “until proven otherwise, these vaccines are not safe.”

President of the International Society for Vascular Surgery Serif Sultan and Consultant Surgeon Ahmad Malik are also demanding that we #StopTheShotsNow.

And now, perhaps most notably, Dr. John Campbell has performed a 180-degree turn on his previous position and is saying it is time to pause the mass vaccination program “due to the risks associated with the vaccines”:

Rasmussen poll published on December 7, 2022, found 7 percent of vaccinated respondents have suffered major side effects—a percentage that echoes the 7.7 percent of V-Safe users who sought medical care as well as my own polling data.

Add the 34 percent who reported experiencing minor side effects, and you have nearly 72 million adults who’ve been hit with side effects from the vaccine.

Rasmussen Head Pollster Mark Mitchell explains:

“With 7% having a major side effect, that means over 12 million adults in the US have experienced a self-described major side effect that they attribute to the COVID-19 vaccine. That’s over 11 times the reported COVID death numbers. And also note that anyone who may have died from the vaccine obviously can’t tell us that in the poll.”

According to British Medical Journal Senior Editor Dr. Peter Doshi, Pfizer’s and Moderna’s own trial data found 1 in 800 vaccinated people experienced serious adverse events:

“The Pfizer and Moderna trials are both showing a clear signal of increased risk of serious adverse events among the vaccinated.…

“The trial data are indicating that we’re seeing about an elevated risk of these serious adverse events of around 1 in 800 people vaccinated.… That is much, much more common than what you see for other vaccines, where the reported rates are in the range of 1 or 2 per million vaccinees. In these trials, we’re seeing 1 in every 800. And this is a rate that in past years has had vaccines taken off the market.…

“We’re talking about randomized trials … which are widely considered the highest-quality evidence, and we’re talking about the trials that were submitted by Pfizer and Moderna that supported the regulators’ authorization.”

And this is the same Pfizer data the FDA tried to keep hidden from the public for 75 years.

Nothing to see here … except 1,223 deaths, 158,000 adverse events, and 1,291 side effects reported in the first 90 days according to the 5.3.6 Cumulative Analysis of Post-Authorization Adverse Event Reports—and those numbers are likely underreported by a factor of at least 10 (my conservative calculations show an underreporting factor (URF) of 41 for VAERS).

Stanford is asking students to risk a 1 in 800 chance of serious adverse events—meaning the kind of events that can land you in the hospitaldisable you, and kill you. And for what?

Anyone who knows how to perform a cost-benefit analysis can see this is all cost and zero benefit.

Stanford’s own Dr. John Ioannidis—professor of medicine, epidemiology & population health, statistics, and biomedical data science—demonstrated that college students are at a near-zero risk of dying from COVID-19 in his “Age-Stratified Infection Fatality Rate of COVID-19 in the Non-Elderly Population.”

One of the six most-cited scientists in the world, Ioannidis found the median IFR was 0.0003 percent for those under 20 and 0.002 percent for twenty-somethings, concluding the fatalities “are lower than pre-pandemic years when only the younger age strata are considered” and that “the IFR in non-elderly individuals was much lower than previously thought.”

And yet Ioannidis’s employer is mandating an experimental product with extensively documented risks of severe harm.

What if a Stanford student dies and the coroner determines it was caused by the vaccine? That happened with George Watts Jr., a 24-year-old college student whose cause of death Chief Deputy Coroner Timothy Cahill Jr. attributed to “COVID-19 vaccine-related myocarditis.” Cahill says, “The vaccine caused the heart to go into failure.”

Notorious for mandating a booster not yet tested on humans (just like Stanford), Ontario’s Western University dropped its mandate on November 29, 2022, stating:

“We are revoking our vaccination policy and will no longer require students, employees, and visitors to be vaccinated to come to campus.”

That was the same day this article reported that 21-year-old Western University student and TikTok influencer Megha Thakur “suddenly and unexpectedly passed away” on November 24.

The timing is interesting, don’t you think? I’m sure it’s just a coincidence—even though this Clinical Research in Cardiology paper determined vaccine-induced myocardial inflammation was the cause of death in “five persons who have died unexpectedly within seven days following anti-SARS-CoV-2-vaccination.” In that analysis, the authors “establish the histological phenotype of lethal vaccination-associated myocarditis.”

Coincidences notwithstanding, Stanford may want to revoke the mandate before anything like that happens to one of its students … if it hasn’t already.

And if that’s not incentive enough, Stanford should consider the legal ramifications of mandating an experimental product. As this JAMA article warns:

“Mandating COVID-19 vaccines under an EUA is legally and ethically problematic. The act authorizing the FDA to issue EUAs requires the secretary of the Department of Health and Human Services (HHS) to specify whether individuals may refuse the vaccine and the consequences for refusal. Vaccine mandates are unjustified because an EUA requires less safety and efficacy data than full Biologics License Application (BLA) approval.”

Dr. Naomi Wolf delivered an impassioned speech to her alma mater, Yale, in which she called their booster mandate “a serious crime. It is deeply illegal. Certainly, it violates Title IX.” She explains:

“Title IX commits the university to not discriminate on the basis of sex or gender in getting an equal education.… I oversee a project in which 3,500 experts review the Pfizer documents released under court order by a lawsuit. In that document, there is catastrophic harm to women! And especially to young women! And especially to their reproductive health.… 72% of those with adverse events in the Pfizer documents are women!”

Other universities are currently facing lawsuits for mandating the COVID vaccine in violation of state laws, including one against Ohio University, University of Cincinnati, Bowling Green State University, and Miami University of Ohio.

Let’s recap.

Abundant evidence proves the vaccines FAIL to:

  • stop transmission

  • prevent contraction of COVID

  • lower hospitalization rates

  • reduce mortality

By the same token, this evidence shows the vaccines are ASSOCIATED with:

  • heightened transmission levels

  • greater chances of catching COVID

  • increased hospitalization rates

  • higher excess mortality

  • disproportionate injuries to women

Why is Stanford mandating these unsafe and ineffective products, again?

If logic, peer-reviewed studies, and legal concerns such as the violation of Title IX don’t convince Stanford to rescind the mandate, then what about its stated ethical commitment to upholding its Code of Conduct?

BMJ’s Journal of Medical Ethics recently published COVID-19 Vaccine Boosters for Young Adults: A Risk Benefit Assessment and Ethical Analysis of Mandate Policies at Universities. In this paper, eminent researchers from Harvard, Oxford, Johns Hopkins, and UC San Francisco (among other institutions) present five reasons university mandates are unethical.

They argue that the vaccines:

“(1) are not based on an updated (Omicron era) stratified risk-benefit assessment for this age group; (2) may result in a net harm to healthy young adults; (3) are not proportionate: expected harms are not outweighed by public health benefits given modest and transient effectiveness of vaccines against transmission; (4) violate the reciprocity principle because serious vaccine-related harms are not reliably compensated due to gaps in vaccine injury schemes; and (5) may result in wider social harms.” (emphases mine here and below)

They calculate that:

To prevent one COVID-19 hospitalisation over a 6-month period, we estimate that 31,207–42,836 young adults aged 18–29 years must receive a third mRNA vaccine.”

The authors conclude that:

“university COVID-19 vaccine mandates are likely to cause net expected harms to young healthy adults—for each hospitalisation averted we estimate approximately 18.5 SAEs and 1,430–4,626 disruptions of daily activities.… these severe infringements of individual liberty and human rights are ethically unjustifiable.”

This builds on a previously published BMJ Global Health article by some of the same authors titled, “The Unintended Consequences of COVID-19 Vaccine Policy: Why Mandates, Passports, and Restrictions May Cause More Harm Than Good.”

In this paper, the authors contend that COVID-19 vaccine mandates “have unintended harmful consequences and may not be ethical, scientifically justified, and effective” and “may prove to be both counterproductive and damaging to public health.”

Over the course of history, countless products once thought to be safe—from DDT to cigarettes to thalidomide for pregnant women to Vioxx—were eventually discovered to be dangerous and even lethal. Responsible governments, agencies, and companies pull those products from the market when the scientific data proves harm—and institutions that care about their community members certainly don’t mandate those products when evidence of risk becomes obvious, as is the case now for the experimental COVID vaccines.

Mahatma Gandhi once stated:

“An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it. Truth stands, even if there be no public support. It is self-sustained.”

The truth is clear to anyone who’s willing to look.

Will Stanford stop following the propaganda and start following the science—the real science and not the politicized science?

Will it stand up for the lives and health of its students—or will it wait until tragedy strikes another George Watts Jr. or Megha Thakur?

This is a historic opportunity for Stanford to prove its allegiance to people, scientific data, and critical thought over pharmaceutical donors, political pressures, and conformist thinking.

The stakes could not be higher.

*  *  *

For 16.4 cents/day (annual) or 19.7 cents/day (monthly), you can help Margaret fight tyranny while enjoying access to premium content like Memes by Themes“rolling” interviewspodcastsBehind the Scenes, and other bonus content:

Tyler Durden Wed, 02/01/2023 - 21:25

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