Category Archives: Current Events

Current Events

Biden’s Vaccine IP Debacle

4 Comments

Okay Mr. Joe Sanders-Pelosi-Harris-Warren-Ocasio-Cortez , you have done it now. How dare you do this to companies who have spent billions on research and development providing the world with safe, effective vaccines. You sir are a blooming idiot. If I were the CEO’s of Pfizer and BioNTech. I would tell you to go pound sand and refuse to give up the ingredients and processes for my vaccines. What would that fool do, close my business? Yeah, right. How would that settle with the American public? This is a travesty that we as Americans should not put up with. Note my opening sentence, Biden’s name isn’t there since I feel certain he was not able to come up with this communist scheme, they did! WHO IS IN CHARGE IN AT THAT PENNSYLVANIA AVENUE BUILDING? It sure isn’t him. 

Date: May 9, 2021 at 8:29:31 AM PDT

 “In one fell swoop he has destroyed tens of billions of dollars in U.S. intellectual property, set a destructive precedent that will reduce pharmaceutical investment, and surrendered America’s advantage in biotech, a key growth industry of the future.”

His patent heist is a blow to the Covid fight and U.S. biotech.

By The Editorial Board

May 6, 2021

We’ve already criticized President Biden’s bewildering decision Wednesday to endorse a patent waiver for Covid vaccines and therapies. But upon more reflection this may be the single worst presidential economic decision since Nixon’s wage-and-price controls.

In one fell swoop he has destroyed tens of billions of dollars in U.S. intellectual property, set a destructive precedent that will reduce pharmaceutical investment, and surrendered America’s advantage in biotech, a key growth industry of the future. Handed an American triumph of innovation and a great soft-power opportunity, Mr. Biden throws it all away.

***

India and South Africa have been pushing to suspend patents at the World Trade Organization for months. They claim that waiving IP protections for Covid vaccines and therapies is necessary to expand global access, but their motivation is patently self-interested.

Both are large producers of generic drugs, though they have less expertise and capacity to make complex biologics like mRNA vaccines. They want to force Western pharmaceutical companies to hand over IP free of charge so they can produce and export vaccines and therapies for profit. Their strategy has been to shame Western leaders into surrendering with the help of Democrats in the U.S.

But suspending IP isn’t necessary to expand supply and will impede safe vaccine production. The global vaccine supply is already increasing rapidly thanks to licensing agreements the vaccine makers have made with manufacturers around the world.

Pfizer and BioNTech this week said they aimed to deliver three billion doses this year, up from last summer’s 1.2 billion estimate. Moderna increased its supply forecast for this year to between 800 million and a billion from 600 million. AstraZeneca says it has built a supply network with 25 manufacturing organizations in 15 countries to produce three billion doses this year.

AstraZeneca and Novavax have leaned heavily on manufacturers in India to produce billions of doses reserved for lower-income countries. But India has restricted vaccine exports to supply its own population. IP simply isn’t restraining vaccine production.

Busting patents also won’t speed up production, since it would take months for these countries to set up new facilities. Competition will increase for scarce ingredients, and less efficient manufacturers with little expertise would make it harder for licensed partners to produce vaccines.

There’s also the problem of safety. Johnson & Johnson has experienced quality problems at an Emergent plant making its vaccines, and that’s in Baltimore. Imagine the potential problems with unlicensed producers in, say, Malaysia or Brazil. If vaccines made there have complications, confidence in licensed vaccines could plummet too. And who would Pfizer and Moderna sue to get their reputations back?

The economic self-damage is also hard to fathom. The U.S. currently has a competitive advantage in biotech and biologics manufacturing, which could be a growing export industry. Waiving IP protections for Covid vaccines and medicines will give away America’s crown pharmaceutical jewels and make the U.S. and world more reliant on India and China for pharmaceuticals.

Moderna has been working on mRNA vaccines for a decade. Covid represents its first success. Ditto for Novavax, which has been at it for three decades. Small biotech companies in the U.S. have been studying how to create vaccines using nasal sprays, pills and patches.

Thanks to Mr. Biden, all this could become the property of foreign governments. Licensing agreements allow developers to share their IP while maintaining quality control. Breaking patents and forcing tech transfers will enable China and low-income countries to manufacture U.S. biotech products on their own.

China’s current crop of vaccines are far less effective than those in the West, but soon Beijing might be able to purvey Pfizer knock-offs. The U.S. has spent years deploring China’s theft of American IP, and now the Biden Administration may voluntarily let China could reap profits from decades of American innovation.

***

Instead of handing over American IP to the world, Mr. Biden could negotiate bilateral vaccine agreements and export excess U.S. supply. If Mr. Biden wants to increase global supply safely, the U.S. could spend more to help the companies produce more for export. Then the jobs would go to Americans. We thought this was the point of the production deal Mr. Biden negotiated between J&J and Merck.

Alas, this President seems to be paying more attention these days to Elizabeth Warren, Bernie Sanders, Alexandria Ocasio-Cortez and Nancy Pelosi. They think vaccines and new drugs can be conjured by government as a public good with no incentive for risk-taking or profit. This really is destructive socialism.

Mr. Biden ought to listen to Angela Merkel. Pfizer’s partner BioNTech is a German firm, and the German Chancellor said Thursday that she opposes the WTO heist: “The protection of intellectual property is a source of innovation and it must remain so in the future.”

At least IP is safe in Germany. Mr. Biden has sent a signal around the world that nobody’s intellectual property is safe in America.

There is nothing I can add to this pitiful, destructive, and downright idiotic  decision by that fellow who is supposed to be our president.

 

Originally posted 2021-05-10 12:37:20.

Current Events

Officer Tatum

3 Comments

Okay swamp watchers, let’s see what others think of the systemic racism the swamp keeps telling us we have in the U.S.

This video needs no introduction or comments from me. It speaks very well for itself.

 

If you do not know who Officer Tatum is, please right click on Home below and open in new window; it is safe. Quite a guy!!

Home

Originally posted 2021-04-23 11:58:21.

Current Events

All Dollars and Little Sense

3 Comments

Good day fellow patriots and conservatives. Haven’t posted in a few days as I have been overwhelmed with tales from the swamp creatures and their devious ways. The trial is over, and as we expected he was was found guilty, albeit with Joe and the b**ch from california ( I refuse to capitalize the name of that foreign land) spouting off at the mouth there is lots of ammo for an appeal. Let’s keep praying for it to happen..

And of course the House voted to make DC a state. Oh isn’t that great two more leftist senators and one congressman for the swamp. I don’t hold out much hope from the senate to strike it down; too many leftist republicans in there. So, how will we arrange the stars in the flag?  That will be fun to watch.

From my tone you may wonder what is going on. Well at my ripe age, I refuse to get excited about what happens. Oh, don’t get me wrong. When the war comes, I shall man the lines as I have done before, and if anyone offers me a billet such as a battalion commander, I shall rise to the occasion, as I am sure you will as well.

Had lunch today with two old fellow retired colonels with whom I have served several times, but not seen them in a while — I really don’t know why since we are all retired.  Joining us was another local retired colonel and a retired captain. Of course the items of discussion was a few war stories and lots about the swamp. It’s always a good time when Marine brothers can get together — I miss that.

Okay, what’s the post? Well , as many of you know, I am an Economist by education and full time hobby. I enjoy playing in the market. Today’s post came from my old friend and contributor , Eric Maresca. As a market player I found the article interesting and a dire warning to those who do as I do. Read and learn

By Eric Maresca

The stock market bull rally that got underway after a giant fall last February and ushered in the COVID era has been relentless. Who would believe record highs were even possible after such a swift drop during a pandemic, followed by political turmoil and civil chaos.

After the Federal Reserve cut interest rates again and went on a printing spree pumping trillions into the economy through three stimulus packages, the benchmark S&P 500 and the Dow Jones Industrial Average were catapulted to virgin territory. Likewise, we are in the midst of a cryptocurrency revolution where their hourly values run like an amusement park roller coaster.

With the M1 Money supply – the amount of liquidity available for spending – also at an all-time high at $18.4 trillion, the potential for one of the biggest economic booms in U.S. history is primed.

This optimism has predicted a strong 2021 second half.

The larger concern is 2022 and beyond.

Historically, long periods of low interest rates combined with a growing federal debt is no yellow brick road to Oz. You cannot ignore the laws of physics, gravity, or economics, as the government is spending itself into oblivion. From 2010 to 2019, the aggregate GDP growth was nearly the same Uncle Sam spent in COVID stimulus.

With so much stimulus finding their way to Wall Street, stock prices have been inflated. To underscore how pricey stocks are all you have to do is to juxtapose the price-to-earnings multiple at 31.5 and the price-to-sales at 2.9. At the peak of the dot-com bubble in March 2000, the price-to-earnings ratio was 29 and the price-to-sales ratio at 2.3. In addition, the stock market capitalization-to-GDP ratio that measures markets relative to the economy that peaked in 2000 at 140%, stands today at 190%.

Can you whisper bubble? Such a pop would result in a fiscal 9/11 and catch many nascent investors napping. Many were too young to recall the dot-com bubble burst over a generation ago and will pay dearly.

As the stock market rolls along, so does the national deficit. In fact, it seems to be about the only thing that is mushrooming faster. This should concern plenty, but along the D.C. Beltway such matters are dismissed.

 Stock trading has drawn plenty of new players armed with their “stimmy.” Rather, than paying bills, buying necessities, or paying down their debts, these emerging investors have turned day trading into gamification. With success they gain confidence and buy more shares, but the market’s present trajectory won’t last. When it drops many will see it as a fire-sale opportunity.

The stock app at center stage is aptly named Robinhood having taken its namesake from the English Democrat who robbed from the rich and redistributed their wealth. In this stimulus era of Robinhood fever and GameStop, why waste time researching good companies at reasonable prices, and then waiting years for returns to compound?

Apps like Robinhood, SoFi, Webull, and Public.com can be fun, but addictive, and a bookkeeping nightmare.

Such internet trading platforms make basic tax-abating strategies difficult to implement. Buying and selling stocks by the lot can lower your tax bill by choosing which shares to sell. However, selling specific lots are difficult or impossible to do online as sales are based on a first-in-first-out (FIFO) basis, where the oldest shares are sold first.

These time-honored tactics may be the least of their concerns when the market turns because it will. Once the public buys in, time is short and the potential for disaster gains momentum. When the melt down commences, nearly everyone will lose more on the way down than they made on the way up. Melt Downs do not end quickly, but over time. If the market is one thing – it is unforgiving.

Market peaks are clear in retrospection, but not in the moment, but the warning signs are there.

Do not confuse a bull market for brains.

As the timeworn adage rings: “Markets can remain irrational longer than you can remain solvent.” That applies for booms, too.

Mot people do not have an exit plan like trailing stops that protects your gains and prevents you from losing more money. A diversified portfolio and fixed selling points is always your friend.

In my ECON 101 class the professor told a story that I have found over the years to an absolute. “Put five Economists in a room and ask them a simple question and you will always get at least six answers.” I have been trimming my portfolios for the last two months. I have more cash than I have ever had, upwards of 30% cash, and I keep building it. I have good stocks e.g., DOW down over 300 points today and my portfolio was up 1.9%. But I keep taking some profits and paring down. I believe it is coming folks; somone has to pay the bills the swamp is piling up.  Greg is talking common sense.

Originally posted 2021-04-22 17:16:31.

Current Events

Which would you join?

7 Comments

I cannot find the right words that would allow me to comment on this video due to my desire to not use Marine language on my blog. My wife, several other women, and even some kids read my blog. So, if you do decide to comment, which I hope you do, please be careful of four letter words.  Sorry but you will have to copy and past. I believe this video says something all of us already know too well. Let me hear from you.

 

Update regarding our scum sucking Swamp corporation Coke. From the horse’s mouth; their earnings report. Come on gang, let’s make them hurt this next quarter. Spread the word, and remember they make more than just Coca Cola e.g., Sprite.

Dow member Coca-Cola Company (KO $54) reported Q1 earnings-per-share (EPS) of $0.55, topping the $0.50 FactSet estimate, as revenues rose 5.0% year-over-year (y/y) to $9.0 billion, exceeding the Street’s forecast of $8.7 billion, and its organic revenues—excluding acquisitions, divestitures and foreign exchange—grew 6.0%. The company noted that global unit case volume was even, while it saw growth in concentrate sales and its price/mix was higher. KO said that its operating margin expanded driven by effective cost management, partially offset by currency headwinds.

The company said it lost value market share in total nonalcoholic ready-to-drink beverages as an underlying share gain in both at-home and away-from-home channels was more than offset by negative channel mix due to continued pressure in away-from-home channels, where it has a strong share position. KO noted that Q2 performance will be impacted by currency tailwinds and it reaffirmed its full-year earnings and revenue forecasts.

LOL, check out this FOX report on the back pedaling of COKE regarding the CEO’s dumb comments. Let’s HURT THEM big time!

https://www.foxnews.com/politics/billboards-warnock-biden-abrams-all-star-game

 

Originally posted 2021-04-19 12:27:53.

Current Events

Semper Fi, Ooh-Rah, and Yut

6 Comments

Time for a break from the swamp and something from the Duffel Bag 

By Blondes over Baghdad

PENTAGON — A Pentagon study aimed at identifying and rooting out extremism in the armed forces has led to the conclusion that the Marine Corps should be a banned extremist group by 2022.

“The Department of Defense convened a panel to study the roots of extremism after the Jan. 6th attack on the Capitol,” said Defense Secretary Lloyd Austin. “We had to understand how a person becomes radicalized. And Jesus Christ did you know what the Marine Corps is like?”

Laura Goodwin, a researcher for the Rand Corporation, shared some data that informed the panel’s decision.

“When we asked recruits why they served in the Air Force, 54% said ‘college money,’ and 34% said ‘Patriotism or service to country,’ When we asked the same question to Marine Corps recruits, 18% cited ‘shoot a giant f**king machine gun,’ and 88% said ‘kicking in Bin Laden’s door, sneaking up to his bedroom, shooting his f***ing beard face, and throwing a grenade on his sleeping innocent wives and children just to watch them writhe in pain,” Goodwin said before pausing to take a deep breath. “That’s a hard sentence to read out loud for a normal non-Marine but there you have it in the data.”

Marine Commandant General David H. Berger disputed the study’s findings. “I don’t think we have an extremism problem in the Marine Corps,” Berger said. “I think we have an extremism tradition. Oorah! Kill! Kill! Kill!”

Experts point to groups like the Proud Boys or Antifa as extremist groups, but according to Rand, those groups are underdeveloped in recruitment, restructuring values, physical conditioning, and widespread cultural acceptance of extremist viewpoints when compared to organizations like the Marine Corps.

While there are many aspects of the Marine Corps that are good, like Motor Pool Monday and barracks parties, those activities were built on a backbone of “being ready to destroy absolutely anything, anywhere in the world, right f**king now,” officials said. Many Marines reported that they barely noticed that the organization’s foundational goals include going somewhere to indiscriminately kill, then pick up and move to another place, quickly, to indiscriminately kill, as they were more focused on getting paid to punch another man in the face.

“Blood makes the grass grow! Kill babies, oohrah!” responded Sgt. John Morgan, a 31-year-old well-adjusted man that is charming at dinner parties, when asked what the mission of the Marine Corps should be in the future.

Many of the Marines in the Rand study said they joined when they were in particularly economically and societally vulnerable situations. Joe (not his real name) explained that he had little access to education in his community and few job prospects. But when he was exposed to radical propaganda in a YouTube ad late at night, “all [he] could think about was slaying dragons and wearing white gloves and a sword.” Joe said that if he would have been able to attend college or find a good job, he probably wouldn’t have been susceptible to radicalization.

“We see this a lot,” said Goodwin. “Young men find radicalizing videos on the internet. It starts out as a curiosity, but they go deeper and deeper and find a community of extremist men, who isolate them from their friends, families, and the values they grew up on. Eventually, it escalates to the planning stage, where they find a strip mall with a Marine that matches the image from the radicalizing videos. The sad thing is that we spend a lot of money fighting extremism, but these young men are recruited for about $35 — the price of a USMC T-shirt and lunch at Buffalo Wild Wings.”

“When you find another man that thinks a K-bar dripping in human blood is ‘f**king sick,” it normalizes the behavior, Goodwin continued. “Eventually the two of you will use the same tattoo artist and marry the same stripper. At that point, you’re so entrenched it’s hard at that point to think that a nice job as an admin specialist in the Navy is an acceptable lifestyle.”

When asked for comment, Berger explained that plenty of Marines have good job prospects and healthy relationships with their families and communities, he just hadn’t found one yet, and “if you’re not a Marine you can’t understand us.”

Pentagon officials say known extremist dog whistles such as “Oorah” and “yut” have already been forbidden at bases around the world. During tattoo inspections, known extremist phrases like “Semper Fi” and eagle, globe and anchor motifs will be disqualifying. And Marine Corps Birthday balls must be open to the public and watched by neutral observers.

Plans to de-radicalize Marines and slowly transition them back to military service include encouraging them to spend time with mainstream military communities.

One promising pilot study placed Marines with Senior Airmen in air-conditioned dorms with clean running water. Within six weeks, 40% of participants stated that “They had their retirement all figured out and would just cruise on easy until then,” and 60% chose “getting an excellent evaluation,” as more important than “crushing a man’s windpipe with my bare hands.”

“The Department of Defense has shared core values of service, honor, and integrity, based on a long tradition of just war, the Geneva Conventions, ethical conduct, escalation of force and law of armed conflict,” Austin said, though his remarks were drowned out by a passing Marine platoon singing about blood making the green grass grow and putting claymores in children’s playgrounds.

While banning the Marine Corps is expected to address many aspects of military extremism and send an important message to Americans that extremism will not be tolerated, the underlying problems will be harder to address.

“I fully believe that we can ban the Marine Corps by 2022,” Berger said. “But we’re here because America wants us here. Try to stop that. YUT.”

Blondes Over Baghdad lets someone else take the top block because it’s the selfless service thing to do. She’ll go to ranger school when there’s a 3-beer policy. Follow her on Twitter at @BlondsOvrBaghd

Postscript: In case you have not realized it by now, this is a spoof from Duffel Bag.  LOL

Originally posted 2021-04-17 12:12:51.