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Multiple Warnings That We Could Face The Darkest Winter Yet As Unemployment Soars

We Could Face The Darkest Winter In Modern History As Coronavirus Death Toll, Unemployment Soar

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This article was originally published by ValueWalk.

This week as the infection spread, the death toll continued to rise, and millions more Americans filed for unemployment, President Trump continued to ignore dire warnings public health and other experts made about the longevity of the crisis and the severity of the economic downturn as large corporations and the well-connected disproportionately benefit from the aid the administration has provided. If things stay the way they are, 2020 could be the darkest winter in modern history. [reit]

Q1 2020 hedge fund letters, conferences and more

Here’s what experts and officials warned us about this week:

Warning: We Do Not Have Enough Tests For A Strong Economic Recovery

On Sunday, Sen. Lamar Alexander, chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, said the “only solution” to reinvigorating the nation’s economy is to “test, trace, isolate, treatments and vaccines” — an impossible feat with the nation’s current testing capacity. On Tuesday, at a hearing of COVID-19 testing, Sen. Mitt Romney said the nation’s testing record was “nothing to celebrate whatsoever.” President Trump continues to tout his administration’s record on testing anyway and said testing was “overrated.” This week, Accountable.US (A.US) launched WhereAreTheTests.com to document the administration’s months-long failure to address testing for the coronavirus pandemic with even a modicum of urgency. In addition, Accountable.US released internal state documents as part of its 50 States Open Records Project showing states struggling to obtain critical testing supplies from the Trump administration.

Warning: The Nation’s Supply Chain Is Not Ready To Produce A Vaccine

On Monday, Politico reported “meeting the overwhelming demand for a successful coronavirus vaccine will require a historic amount of coordination between scientists, drugmakers and the government. The nation’s supply chain isn’t anywhere close to ready for such an effort.” Indeed, the CEO of the world’s largest syringe manufacturer warned last week that the U.S. is on a tight timeline to enhance syringe production in order to be ready to make the COVID-19 vaccine widely accessible once it’s available — “unless we act now there won’t be enough capacity.” On Friday, the Trump administration picked Moncef Slaoui, the former chairman of vaccines at pharmaceutical company GlaxoSmithKline, to be chief adviser on vaccines as part of its “Project Warpspeed.” In response, Patients Over Pharma released new research reflecting the extensive relationships between Slaoui and major drug companies and the millions of dollars he has been paid by the pharmaceutical industry. Earlier this year, Patients Over Pharma released an updated and expanded version of their BigPharmasBestFriends.org website, which reveals the latest on Trump Administration officials who made millions of dollars from the pharmaceutical industry, the number of pharmaceutical companies and lobbying groups represented in the Trump administration, the revolving door between the Trump Administration and the pharmaceutical industry, and more.

Warning: Reopening The Economy Too Quickly Would Lead To “Needless Suffering And Death”

On Tuesday, Dr. Anthony Fauci testified before the Senate that if the economy reopens too quickly without the necessary public safety measures, there would be “needless suffering and death.” President Trump disagreed with many of Fauci’s testimony, including Fauci’s caution around reopening schools. Unsurprisingly, Trump’s position is based on his gut, not science.

Warning: Without Additional Stimulus, Our Economy Will Be “Significantly Worse Than Any Recession Since World War III”

On Wednesday, Federal Reserve Chair Jerome Powell warned that a failure by the government to provide adequate financial assistance to Americans amid an economic emergency “significantly worse than any recession since World War II” will even more badly devastate the nation’s economy. A new poll from Accountable.US shows the vast majority support additional stimulus to help frontline workers, small businesses and workers who lost their jobs. President Trump and his allies in the Senate have signaled they do not believe another stimulus package is urgent — even though 40% of workers making less than $40,000 a year lost a job in March, and unemployment has continued to climb since. Moreover, a new Accountable.US report chronicles how the administration, particularly cabinet and rulemaking agencies, are focusing on their deregulation agenda, not combating coronavirus. In the midst of the global pandemic, the Trump administration has put forward at least 730 new rules or proposed rules across nine agencies. Of those rules and proposed rules, 18 — or just over two percent — deal directly or even indirectly with the coronavirus crisis. Warning: If We Fail To Plan Now, We Could Face “The Darkest Winter In Modern History” On Thursday, Dr. Richard Bright, a career official and the former head of the Biomedical Advanced Research and Development Authority (BARDA), testified about his whistleblower complaint before the House Energy and Commerce Committee, warning lawmakers that “the window is closing to address this pandemic because we still do not have a standard centralized coordinated plan to take our nation through this response.” He also said, “if we fail to improve our response now based on science, I fear the pandemic will get worse and be prolonged… Without better planning, 2020 could be the darkest winter in modern history.” President Trump dismissed Bright’s concerns by calling him a “disgruntled employee.”
The post We Could Face The Darkest Winter In Modern History As Coronavirus Death Toll, Unemployment Soar appeared first on .

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International

Repeated COVID-19 Vaccination Weakens Immune System: Study

Repeated COVID-19 Vaccination Weakens Immune System: Study

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

Repeated COVID-19…

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Repeated COVID-19 Vaccination Weakens Immune System: Study

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

Repeated COVID-19 vaccination weakens the immune system, potentially making people susceptible to life-threatening conditions such as cancer, according to a new study.

A man is given a COVID-19 vaccine in Chelsea, Mass., on Feb. 16, 2021. (Joseph Prezioso/AFP via Getty Images)

Multiple doses of the Pfizer or Moderna COVID-19 vaccines lead to higher levels of antibodies called IgG4, which can provide a protective effect. But a growing body of evidence indicates that the “abnormally high levels” of the immunoglobulin subclass actually make the immune system more susceptible to the COVID-19 spike protein in the vaccines, researchers said in the paper.

They pointed to experiments performed on mice that found multiple boosters on top of the initial COVID-19 vaccination “significantly decreased” protection against both the Delta and Omicron virus variants and testing that found a spike in IgG4 levels after repeat Pfizer vaccination, suggesting immune exhaustion.

Studies have detected higher levels of IgG4 in people who died with COVID-19 when compared to those who recovered and linked the levels with another known determinant of COVID-19-related mortality, the researchers also noted.

A review of the literature also showed that vaccines against HIV, malaria, and pertussis also induce the production of IgG4.

“In sum, COVID-19 epidemiological studies cited in our work plus the failure of HIV, Malaria, and Pertussis vaccines constitute irrefutable evidence demonstrating that an increase in IgG4 levels impairs immune responses,” Alberto Rubio Casillas, a researcher with the biology laboratory at the University of Guadalajara in Mexico and one of the authors of the new paper, told The Epoch Times via email.

The paper was published by the journal Vaccines in May.

Pfizer and Moderna officials didn’t respond to requests for comment.

Both companies utilize messenger RNA (mRNA) technology in their vaccines.

Dr. Robert Malone, who helped invent the technology, said the paper illustrates why he’s been warning about the negative effects of repeated vaccination.

“I warned that more jabs can result in what’s called high zone tolerance, of which the switch to IgG4 is one of the mechanisms. And now we have data that clearly demonstrate that’s occurring in the case of this as well as some other vaccines,” Malone, who wasn’t involved with the study, told The Epoch Times.

So it’s basically validating that this rush to administer and re-administer without having solid data to back those decisions was highly counterproductive and appears to have resulted in a cohort of people that are actually more susceptible to the disease.”

Possible Problems

The weakened immune systems brought about by repeated vaccination could lead to serious problems, including cancer, the researchers said.

Read more here...

Tyler Durden Sat, 06/03/2023 - 22:30

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International

Study Falsely Linking Hydroxychloroquine To Increased Deaths Frequently Cited Even After Retraction

Study Falsely Linking Hydroxychloroquine To Increased Deaths Frequently Cited Even After Retraction

Authored by Jessie Zhang via Thje Epoch…

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Study Falsely Linking Hydroxychloroquine To Increased Deaths Frequently Cited Even After Retraction

Authored by Jessie Zhang via Thje Epoch Times (emphasis ours),

An Australian and Swedish investigation has found that among the hundreds of COVID-19 research papers that have been withdrawn, a retracted study linking the drug hydroxychloroquine to increased mortality was the most cited paper.

Hydroxychloroquine sulphate tablets. (Memories Over Mocha/Shutterstock)

With 1,360 citations at the time of data extraction, researchers in the field were still referring to the paper “Hydroxychloroquine or chloroquine with or without a macrolide for treatment of COVID-19: a multinational registry analysis” long after it was retracted.

Authors of the analysis involving the University of Wollongong, Linköping University, and Western Sydney Local Health District wrote (pdf) that “most researchers who cite retracted research do not identify that the paper is retracted, even when submitting long after the paper has been withdrawn.”

“This has serious implications for the reliability of published research and the academic literature, which need to be addressed,” they said.

Retraction is the final safeguard against academic error and misconduct, and thus a cornerstone of the entire process of knowledge generation.”

Scientists Question Findings

Over 100 medical professionals wrote an open letter, raising ten major issues with the paper.

These included the fact that there was “no ethics review” and “unusually small reported variances in baseline variables, interventions and outcomes,” as well as “no mention of the countries or hospitals that contributed to the data source and no acknowledgments to their contributions.”

A bottle of Hydroxychloroquine at the Medicine Shoppe in Wilkes-Barre, Pa on March 31, 2020. Some politicians and doctors were sparring over whether to use hydroxychloroquine against the new coronavirus, with many scientists saying the evidence is too thin to recommend it yet. (Mark Moran/The Citizens’ Voice via AP)

Other concerns were that the average daily doses of hydroxychloroquine were higher than the FDA-recommended amounts, which would present skewed results.

They also found that the data that was reportedly from Australian patients did not seem to match data from the Australian government.

Eventually, the study led the World Health Organization to temporarily suspend the trial of hydroxychloroquine on COVID-19 patients and to the UK regulatory body, MHRA, requesting the temporary pause of recruitment into all hydroxychloroquine trials in the UK.

France also changed its national recommendation of the drug in COVID-19 treatments and halted all trials.

Currently, a total of 337 research papers on COVID-19 have been retracted, according to Retraction Watch.

Further retractions are expected as the investigation of proceeds.

Tyler Durden Sat, 06/03/2023 - 17:30

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Government

Biden Signs Debt Ceiling Bill, Ending Monthslong Political Battle

Biden Signs Debt Ceiling Bill, Ending Monthslong Political Battle

Authored by Lawrence Wilson via The Epoch Times,

President Joe Biden signed…

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Biden Signs Debt Ceiling Bill, Ending Monthslong Political Battle

Authored by Lawrence Wilson via The Epoch Times,

President Joe Biden signed the Fiscal Responsibility Act on Saturday, suspending the debt ceiling for 19 months and bringing a monthslong political battle to a close.

The compromise legislation negotiated by Biden and House Speaker Kevin McCarthy (R-Calif.) passed both houses of Congress with bipartisan support this week, averting a potential default on the nation’s financial obligations.

“Passing this budget agreement was critical. The stakes could not have been higher,” Biden said in a Friday evening address to the nation from the Oval Office.

Congressional leaders in both parties, eager to avoid financial disaster, endorsed the bill.

McCarthy referred to the legislation in historic terms, calling it the biggest spending cut ever enacted by Congress. Senate Majority Leader Chuck Schumer (D-N.Y.) said, “We’ve saved the country from the scourge of default,” after the bill passed the Senate on June 1.

House Minority Leader Hakeem Jeffries (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.) both supported the bill.

Biden vs. McCarthy

The president’s signature ends a monthslong cold war with McCarthy over terms for raising the nation’s $31.4 trillion debt ceiling.

The Financial Responsibility Act suspends the debt ceiling until Jan. 1, 2025, cuts non-defense discretionary spending slightly in 2024, and limits discretionary spending growth to 1 percent in 2025.

The agreement also contains permitting reforms for oil and gas drilling, changes to work requirements for some social welfare programs, and clawbacks of $20 billion in IRS funding and $30 billion in unspent COVID-19 relief funds, among other provisions.

President Joe Biden hosts debt limit talks with House Speaker Kevin McCarthy (R-Calif.) and other congressional leaders in the Oval Office at the White House on May 9, 2023. (Kevin Lamarque/Reuters)

In the absence of congressional action to allow additional borrowing, the United States would have lacked the ready cash to pay all of its bills on June 5, according to Treasury Secretary Janet Yellen.

Yellen announced in January that the country was in danger of reaching its limit.

McCarthy then said Congress would not increase the limit without an agreement from the White House to cut spending. Biden said he would not negotiate over lifting the limit because that would put the full faith and credit of the United States at risk.

The impasse was broken in late April when the House passed the Limit, Save, Grow Act, authorizing a $1.5 trillion increase in borrowing along with spending cuts and other measures favored by Republicans.

Biden then agreed to negotiate with McCarthy, resulting in the Fiscal Responsibility Act.

Opposition

A vocal minority of lawmakers in both parties opposed the bill.

Some Republicans believed the agreement conceded too much to Democrats. Rep. Chip Roy (R-Texas) nearly blocked the bill in committee, but it cleared by a single vote.

Some Democrats opposed the agreement because it cuts discretionary spending and changes work requirements for the Supplemental Nutrition Assistance Program (SNAP). They said those provisions would hurt working Americans and those in need.

​​House Rules Committee member Rep. Chip Roy (R-Texas) speaks at the Capitol on Jan. 30. (Win McNamee/Getty Images)

A group of Senate Republicans led by Lindsey Graham (R-N.C.) and Susan Collins (R-Maine) initially opposed the bill due to concerns about the level of defense spending. They were brought on board by assurances from Schumer and McConnell that emergency defense appropriations could be added later if needed.

The bill passed the House by a vote of 314 to 117 on May 31. Forty-six Democrats and 71 Republicans voted no.

The Senate passed the measure 63 to 36 the next day. Four Democrats, one Independent, and 41 Republicans voted no.

Mixed Reactions

Outside the Capitol, some observers applauded the bipartisan effort while others echoed the complaints of congressional dissenters.

“This kind of compromise is exactly how divided government should work,” Kelly Veney Darnell, interim CEO of the Bipartisan Policy Center, said in a June 2 statement.

EJ Antoni, a research fellow at The Heritage Institute, said “conservatives have little to celebrate with this deal, and much about which to complain.” According to Antoni, the bill doesn’t actually cut spending. He called it “left-wing legislation” in a statement published June 1.

Navin Nayak, counselor at the Center for American Progress, endorsed the legislation unenthusiastically, saying it was imperfect but necessary in a May 31 statement. Nayak said the Mountain Valley Pipeline, green-lighted by the bill, puts the safety of thousands at risk and the added work requirements will increase hunger in America.

Congress must now work the provisions of the Fiscal Responsibility Act into a federal budget and the dozen appropriations bills required to fund the government in the coming year.

The 2024 fiscal year begins on Oct. 1.

Tyler Durden Sat, 06/03/2023 - 15:30

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