CUNY law student Nerdeen Kiswani posted on Instagram a short video (embedded in this link) of her standing next to an African-American man wearing an Israeli Defense Forces shirt. In the video, she pulls out a lighter, lights it, and says to the man, “I hate your shirt.” She moves a bit closer with the lit lighter and says, “I’m gonna set it on fire.” The man responds with something brief and inaudible, and then Kiswani responds, “Nah, I’m serious,” still holding the lit lighter.
She tagged her post “I almost set this guy’s shirt on fire” and “Fuck Israel. Free Palestine.”
After some pro-Israel groups criticized the video and demanded a response, the Dean Bilek posted a condemnation headlined, “CUNY School of Law stands against hate and antisemitism.” This may have been her first mistake. It’s not clear where the incident took place, but the dean had no call to comment on the behavior of a student outside the law school, except perhaps to call her in to refer her to psychological counseling, which this incident suggests she may need.
After leftist students rallied around Kiswani, Dean Bilek
subsequently issued a statement to all students withdrawing and apologizing for the initial denunciation, claiming that Kiswani had simply “exercised her First Amendment right to express her opinion.”
“In responding to this situation, we moved too quickly, which led to several mistakes,” Bilek asserted. “I apologize for taking these actions and for the words we used and for the harm they caused.”
She lamented the first statement’s failure to “communicate the school’s position or to support the student” — i.e. Kiswani.
“In that post, the header said that the Law School ‘stands against hate and antisemitism,'” Bilek continued. “I know the difference between opposition to Israel’s armed forces (or Israel’s policies towards Palestine) and antisemitism, and the student’s post was clearly expressing the former.”
It’s not Dean Bilek’s job to mediate between those who think that this incident reflects antisemitism and those who think it only reflects opposition to Israel or Israeli policy.
That said, it seems to me that the whole controversy misses the forest for the trees. Regardless of what one thinks of the antisemitism issue, a CUNY Law student threatened to burn someone’s sweatshirt with that person wearing it, while holding a lit lighter. She said she was serious. She posted the video stating that she almost burned the guy’s sweatshirt.
Was she really serious? Maybe not. But in legal parlance, what she did was an assault, generally defined as “intentionally putting another person in reasonable apprehension of an imminent harmful or offensive contact.” This is a criminal act, and is not protected by the First Amendment. And thus not only is there no reason for Bilek to “support the student,” if the law school is going to make any official comment at all, it should be criticizing the student for using a threat of violence in the guise of expressing her opinion.
Back in 2018, writing about Bilek’s failure to investigate, much less punish, students who disrupted Josh Blackman’s talk at CUNY Law, I wrote a post entitled CUNY Law Needs to Fire its Dean. I can’t say the recent incident has changed my opinion.
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Stocks Knocked After Pelosi ‘Very Skeptical About Deal’ Tyler Durden
Thu, 10/01/2020 – 09:54
Nancy Pelosi on Thursday said she’s ‘VERY skeptical about a deal’ over the next round of pandemic stimulus, following Wednesday discussions with Treasury Secretary Stephen Mnuchin.
Speaking on a Democratic whip call, Pelosi said Republicans and Democrats ‘don’t share the same values,’ citing the child income tax credit, and that Democrats ‘have gone down significantly’ in their demands, while Republicans ‘are at 0,’ according to Politico‘s Jake Sherman.
PELOSI gave several examples on the private Democratic call about how far Rs and Ds are apart:
She said that Republicans refuse to peel back a biz tax credit, and, at the same time, won’t do anything for children — referring to the tax credit.
Pelosi’s comments jolted stocks downward in Thursday trading.
On Wednesday, Democrats delayed a vote on their own $2.2 trillion proposal in order to allow for further negotiation, saying that the two sides must agree by Thursday or the high-wire talks will collapse, according to the NY Daily News.
Treasury Secretary Steven Mnuchin, makes a brief comment as he leaves the Capitol, Wednesday, Sept. 30, 2020, in Washington. Mnuchin earlier met with House Speaker Nancy Pelosi of Calif. (Manuel Balce Ceneta/AP)
Despite progress, insiders caution it’s a long shot to expect any important bipartisan compromise so close to a presidential vote.
Underlining the stakes for the American people, airlines went ahead with furloughs of tens of thousands of workers after a provision in a previous stimulus measure expired.
A new measure would likely include a new round of $1,200 checks to taxpayers and some version of the federal weekly emergency unemployment assistance, which was pegged at $600. It would also extend aid to small businesses and airlines. –NY Daily News
Alas for the American people, Wednesday’s ‘hopeful’ progress was dashed by Pelosi’s Thursday pessimism.
Yet, another Politico reporter, Heather Caygle says her Democratic sources are reporting a “small chance” of a deal.
“Federalist” co-founder Sean Davis reports that CIA Director Gina Haspel is personally blocking the release of documents that will show “what actually happened” with Russiagate.
“This isn’t just a scandal about Democrat projection, this is a scandal about what was a coup planned against the incoming administration at the highest levels and I can report here tonight that these declassifications that have come out,” Davis told FOX News host Tucker Carlson on Wednesday. “Those weren’t easy to get out and there are far more waiting to get out.”
“Unfortunately those releases and declassifications according to multiple sources I’ve talked to are being blocked by CIA director Gina Haspel who herself was the main link between Washington and London,” Davis said.
“As the London station chief from John Brennan’s CIA during the 2016 election. Recall, it was London where Christopher Steele was doing all this work. And I’m told that it was Gina Haspel personally who is blocking a continued declassification of these documents that will show the American people the truth of what actually happened.”
Watch:
via ZeroHedge News https://ift.tt/3n56YU5 Tyler Durden
After the Democrat-backed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act went nowhere in May, liberal leaders in Congress are now trying to revive it. The revised version would still double down on stimulus measures contained in Congress’ first COVID-19 relief bill (the CARES Act) by sending another round of direct checks to Americans and providing a federal boost to unemployment benefits.
Under the revised HEROES Act, adults under a certain income threshold would each get a $1,200 check, plus an additional $500 for each dependent. The measure would also re-institute the extra $600 per week for people on unemployment, which some economists say has slowed the economic recovery by making it more profitable for people to stay at home than go back to work. The extended benefits in the bill would last through January 2021.
Lest anyone think legislators learned from complaints about all the crony corporate goodies packed into the CARES Act, the new HEROES Act promises additional funds for the air travel industry and other specific industries.
The bill also sneaks in new national workplace regulations by “requiring OSHA to issue a strong, enforceable standard within seven days to require all workplaces to develop and implement infection control plans based on CDC expertise.”
And it adds funds for Democratic desires that have nothing to do with the pandemic, including “new resources to ensure safe elections, an accurate Census, and preserve the Postal Service.”
“The odds of passing the bill are long,” notes CBS News. “A push to send the bill to a vote this week would have little chance of success […] But continued negotiations between Democrats and [Treasury Secretary Steve] Mnuchin could signal the bill is gaining traction.”
FREE MINDS
The pundit’s fallacy:
"Never assume that the audience is more easily swayed by mass media messages than you are unless you’ve collected genuine data that proves that point."
An Irish court says Subway cannot call the loaves of dough that it serves sandwiches on “bread.” Subway bread loaves contain too much sugar to be defined as bread under Ireland’s Value Added Tax Act of 1972, which defines “staple foods.”
“The bread’s sugar content—five times the qualifying limit under the act—means that it falls outside of the legal definition of a staple food,” reports The Guardian. “The ruling included white and wholegrain bread. The definition serves to differentiate bread from other baked goods.”
ELECTION 2020
Libertarian presidential candidate Jo Jorgensen talked to Rep. Justin Amash (L-Mich.) and Free the People’s Matt Kibbe last night.Reason‘s Eric Boehm has some dispatches; start here:
I'm at the @Jorgensen4POTUS event in Alexandria VA tonight and — I swear I'm not making this up — a bald eagle just flew two laps around the yard and landed in the tree above where she will be speaking.
The Bunny Is Back: Playboy To Go Public Again Through Latest SPAC Deal Tyler Durden
Thu, 10/01/2020 – 09:27
Since things are going so well in the world of SPACs (just ask Nikola’s Trevor Milton), it’s a great time for everyone’s favorite… leisure brand to once again make its way back onto the public markets years after it filed for bankruptcy and the closure of its iconic magazine earlier this year. And that’s exactly what the Playboy Enterprises brand is going to do.
The company will use the black check company Mountain Crest Acquisition in a deal worth $381 million to return to being a publicly traded company, Reuters reported on Thursday. Mountain Crest will sell $50 million of its common stock to institutional investors and the stock is expected to trade under ticker “PLBY”. Playboy is set to receive more than $100 million in cash in the deal, which will fund Playboy’s growth plans.
We first noted that Playboy was considering the plans several weeks ago. We noted then that the company was looking to shift its business model away from its iconic magazine…
…to sexual wellness products, spirits and cannabis.
The deal comes nine years after Hugh Hefner and Rizvi Traverse Management took the company private for $207 million. Hefner died in 2017 and his mansion in LA was divided into parcels of land. His son, Cooper, exited the business last year.
We noted weeks ago that Mountain Crest had raised about $50 million and is led by Dr. Suying Liu, who is head corporate strategist at Hudson Capital, which is based in Beijing.
To limit dilution, Playboy has agreed to purchase 700,000 Mountain Crest shares at $6.35 a share. According to Dow Jones, Playboy shareholders have agreed to a one-year lockup, subject to a partial release if after six months the stock has traded at $14 for 20 out of 30 consecutive days. The deal is expected to close early in the first quarter of 2021.
Pplayboy has more than $400 million in cash flows that are contracted through 2029, sexual wellness products in more than 10,000 retail stores and online and branded lifestyle and digital gaming products, the companies said in a release.
The company’s CEO, Ben Kohn, said Playboy would stop producing its iconic magazine in March of this year. Playboy remains a “media company” and has a website that carries much of the same content as the magazine did. The company now also focuses on Playboy branded products, including sex gels and CBD sprays.
The Post had noted several weeks ago that “the brand has been losing momentum in the U.S. for awhile now” – which, we said, makes it an obvious candidate to go public again.
Source: Playboy.com
After all, if the public markets aren’t for access to capital and socializing the losses of your cash burning company, what are they for?
On an unrelated note, we wonder if Playboy will stay in the postcard business.
via ZeroHedge News https://ift.tt/33juKUL Tyler Durden
“Today Might Be A Shock”: World’s Third-Largest Equity Market Suffers Historic All-Day Trading Halt Tyler Durden
Thu, 10/01/2020 – 09:14
When we reported last night that Japan’s stock exchange had halted all trading “due to network issues”, we expected that the glitch would be resolved shortly and things would promptly go back to normal. We were wrong – instead, trading on the Tokyo Stock Exchange was brought to a complete standstill by a hardware failure for all of Thursday, in what is now the worst-ever outage for the world’s third-largest equity market.
TSE exchange operator Japan Exchange Group Inc., said that all Thursday orders were canceled, and opening prices when trading resumes will be the closing prices on Wednesday. Other markets in Japan, including exchanges in Sapporo, Nagoya, and Fukuoka, also suspended trading on Thursday. Derivatives, including futures, trade on the Osaka Exchange, which was not impacted by the system issue.
The Exchange initially said that trading of all stocks would be halted due to an “issue in the distribution of market information.” In a notice on its website shortly before trading began at 9 a.m., Japan Exchange said it would not be able to accept orders. It later said trading would be halted for the entire day and did not say when it would resume operations.
The exchange “glitch” stemmed from “a hardware failure” and that switching to a backup device also failed to work. As a result, market information could not be distributed, and the exchange made the decision to call off trading for the entire day after conferring with market participants, who said it would be difficult to deal with their clients and carry out orders.
“After discussing with market participants, if trading resumed today, there was a request that it would be difficult to deal with customers and smooth trading,” Koichiro Miyahara, president and CEO of TSE, said in a press conference. “So we decided to suspend trading for the entire day.”
The outage caused wide discontent among market participants who were unable to execute trades on a day when the Bank of Japan was releasing its Tankan survey, a closely watched economic indicator, which meant high volumes were expected. The survey was released just 10 minutes before trading was due to start. TSE said it “sincerely apologizes for any inconvenience caused to investors.”
In a press conference on Thursday, Chief Cabinet Secretary Katsunobu Kato said the incident was “very regrettable.”
“We have caused great inconvenience to many market participants, investors and listed companies,” Miyahara further apologized, adding that “we will take thorough steps to prevent a recurrence.”
Koichiro Miyahara, President & CEO of TSE, apologized for the trouble
Chief Information Officer Ryusuke Yokoyama explained that TSE has identified the faulty part of the device, and that Friday’s operation would be run with a backup device. However, it is still investigating why the automatic switch-over from the faulty to the backup device did not work on Thursday.
Fujitsu, the information technology services company that developed the TSE’s “arrowhead” trading system, earlier told Nikkei that it was “currently checking the situation.” The TSE began using the system in 2010, and upgraded it last November.
“It is our responsibility to operate the market,” said Miyahara, TSE’s CEO. While Fujitsu will be investigating the cause of he failures, Miyahara said that TSE is not considering asking the company for compensations.
Makoto Sengoku, a market analyst at Tokai Tokyo Research Institute Co., said he’ll be watching the reaction in the TSE Mothers Index, the main gauge for startup companies in Japan. “For retail investors that are trading everyday, today might be a shock, but for those who aren’t frequently trading it’s not as impactful,” he said.
* * *
The halt, which surely infuriated the Bank of Japan which has become used to setting the public mood through the stock market where it buys record amounts of ETFs, dampened investor sentiment following a positive U.S. stock market performance overnight and closures in other major markets in the region, including China, Hong Kong, South Korea and Taiwan for public holidays, according to Bloomberg.
The failure also came on the first day of a new quarter and of the second half of Japan’s fiscal year, when trading volumes would typically be high as many funds adjust their positions.
According to the Nikkei, the unprecedented disruption is likely to raise concerns over the reliability of Asia’s largest exchange by market capitalization at a time when Japan has ambitions of becoming the region’s leading financial hub.
The issue marks a major blow to one of the largest stock exchanges in the world. TSE has an average daily turnover of about 3 trillion yen ($28 billion). More than 2,100 companies are listed on its main board, called the first section, with a total market capitalization of over 600 trillion yen. Japan’s $6.1 trillion stock market is the third-largest in the world behind the U.S. and China.
It is also raising concerns over the safety of TSE’s trading system, which the bourse has touted as one of the most sophisticated in the world. “There should be a backup system, so it’s puzzling that trading would stop altogether,” said one portfolio manager. Previous trading halts only lasted for hours. TSE suffered a complete trading halt due to a system error in November 2005, but trading resumed the same day. The bourse also temporarily suspended trading of all stocks in January 2006, when an investigation into Livedoor triggered a flood of orders.
The Nagoya Stock Exchange, Fukuoka Stock Exchange and Sapporo Securities Exchange also halted trading activity on Thursday. The exchanges all use the Tokyo Stock Exchange’s system to execute trades. TSE’s off-trading hours trading system, ToSTNeT, also halted trading.
As Bloomberg adds, global markets have been on a heightened state of alert for any glitches after a cyber attack in New Zealand that spurred trading halts over four days in August, though Tokyo exchange officials said there were no indications Thursday’s outage was related to hacking, which occurred on hardware not directly connected externally. Deutsche Boerse AG’s electronic-trading system has also suffered two major outages this year.
Bloomberg also reminds us that a series of computer issues in the mid-2000s led to the resignation of the exchange president.
Trading was halted for 4 1/2 hours in 2005 due to a botched system upgrade, the first time equity trading had been completely suspended. In January 2006, the exchange halted trading early after a surge in orders, triggered by an investigation into high-flying internet company Livedoor Co., overloaded its computer systems. That resulted in shortened trading hours for three months.
The Tokyo exchange introduced its faster Arrowhead system, developed by Fujitsu Ltd., in January 2010, but that didn’t solve the issues entirely. A computer glitch in 2012 halted trading in 241 securities, while a system error later that year took took derivatives trading offline.
The Tokyo exchange introduced its faster Arrowhead system, developed by Fujitsu Ltd., in January 2010, but that didn’t solve the issues entirely. A computer glitch in 2012 halted trading in 241 securities, while a system errorlater that year took took derivatives trading offline.
The current Arrowhead system was installed in November 2019, officials said, with equipment supplied by Fujitsu. Tokyo Stock Exchange officials said that as the market operator, it accepted responsibility for the outage, and that Fujitsu was merely a vendor. TSE CEO Miyahara said there were no plans at the moment to seek damages from Fujitsu.
* * *
The good news is that Mrs Watanabe will soon be able to return to her favorite daytrading activity: trading will resume at 9 a.m. JST on Friday, as normal and without trading limits, based on Wednesday’s close as starting prices. TSE announced after the press conference that it was “proceeding without problems toward resumption of trading.”
via ZeroHedge News https://ift.tt/2EPlGNL Tyler Durden
Challenger Job Cuts Soared In September, “Spreading To Sectors Outside Entertainment And Retail” Tyler Durden
Thu, 10/01/2020 – 09:10
A flurry of corporate layoffs in recent days has offered readers the latest reminder that the economic recovery continues to wane, and many of these layoffs won’t be counted in time to be reflected in the pre-election day job numbers.
For more troubling news on the rapid deterioration in the employment space, outplacement firm Challenger, Gray & Christmas released a new report Thursday announcing 118,804 job cuts in September, with the majority of reductions seen in bars, restaurants, hotels, and amusement parks, reported Reuters.
September’s job cuts increased by 2.6% from 115,762 in August to 118,762 in September. Total job cuts for the year are around 2.082 million, surpassing the previous record of 1.957 million in 2001. There was some good news, job cuts in the third quarter totaled 497,215, down 59.8% from the second quarter.
“We are beginning to see cuts spread to sectors outside Entertainment and Retail,” Andrew Challenger, the firm’s senior vice president, said in a statement.
The layoff wave comes as companies have burned through government loans to support operations and pay wages. Stimulus funding ended nearly two months ago. Some economists have warned, the weakening labor market and stalling recovery could result in a double-dip recession without a second round of stimulus (read: here).
Challenger said, “especially if another relief package fails to pass, employers are going to enter the fourth quarter, hesitant to invest or spend.”
This week, Royal Dutch Shell, Continental Airlines, Dow Chemicals, Marathon Petroleum, and Goldman Sachs have announced restructuring plans that involve laying off tens of thousands of workers. Yesterday, Disney announced plans to eliminate 28,000 jobs as most of its theme parks remain closed, and the movie business remains effectively shuttered.
Challenger’s report showed 32,099 job cuts at bars, restaurants, hotels, and amusement parks in September. The aerospace/defense industry announced 18,971 layoffs last month, following 16,628 cuts in the transportation sector.
“The employment landscape is dealing with a host of burdens that reach beyond job cuts. COVID-19 and the recession continue to cause volatile conditions in many industries,” he said.
Job cuts spreading across major industries is not a sign of a robust economic recovery. US main equity futures on Thursday morning ignored the report as hopes for more stimulus lift E-mini S&P500 futures nearly 1%.
via ZeroHedge News https://ift.tt/3jku0nN Tyler Durden
European press reports earlier indicated that the EU’s pharma regulator is preparing to expedite approval of the AstraZeneca-Oxford vaccine, even as the FDA expands its investigation into the COVID-19 vaccine’s Phase 3 trials (after a patient was reportedly seriously sickened in the UK, though AZ insists that illness had nothing to do with the trial).
As the WHO, Bill Gates, Dr. Fauci and the global health-care establishment work with their allies in the press to try and convince as many people as possible to agree to take a COVID-19 vaccine once one is approved, more alarming reports are emerging in the mainstream press about issues with the ‘Phase 3’ trials.
CNBC reported Thursday morning that several patients involved in trials involving Moderna’s vaccine candidate and the Pfizer-BioNTech vaccine candidate have experienced serious side effects, including “shaking so hard he cracked a tooth after taking the second dose.”
As bad as they were, the symptoms typically dissipated within a day or two, and four out of the five subjects interviewed by CNBC said they felt the struggle was “worth it” to gain protection from COVID-19. Then again, the symptoms certaintly sound serious.
Luke Hutchison woke up in the middle of the night with chills and a fever after taking the Covid-19 booster shot in Moderna’s vaccine trial. Another coronavirus vaccine trial participant, testing Pfizer’s candidate, similarly woke up with chills, shaking so hard he cracked a tooth after taking the second dose.
High fever, body aches, bad headaches and exhaustion are just some of the symptoms five participants in two of the leading coronavirus vaccine trials say they felt after receiving the shots.
In interviews, all five participants – three in Moderna’s study and two in Pfizer’s late-stage trials – said they think the discomfort is worth it to protect themselves against the coronavirus. Four of them asked not to be identified, but CNBC reviewed documentation that verified their participation in the trials.
While the symptoms were uncomfortable, and at times intense, they often went away after a day, sometimes sooner, according to three participants in the Moderna trial and one in Pfizer’s as well as a person close to another participant in Moderna’s trial.
At least 41 vaccine candidates are in human trials worldwide, but only four US-backed candidates are in Phase 3: Moderna, Pfizer, AstraZeneca and Johnson & Johnson. At least one UK-backed vaccine is also entering Phase 3. While it’s possible some of the symptoms described could have been caused by an unrelated illness, Moderna and Pfizer previously said some participants in their phase one trials experienced mild symptoms. Pfizer emphasized that complications like this were only seen in a small number of cases.
Luke Hutchison
Hutchison, a computational biologist from Utah, shared his experience with CNBC:
Hutchison, a 44-year-old computational biologist in Utah, said he signed up for Moderna’s phase three trial because he’s healthy, physically fit and a big believer in vaccines. He specifically wanted to support Moderna’s effort, as he was intrigued by the company’s RNA-based approach. While still experimental, mRNA vaccines potentially offer faster development and production times, which could be a major benefit during a global pandemic that has led to more than 1 million fatalities.
“I had a high degree of confidence it would work and I wanted to contribute to the solution,” Hutchinson said.
After getting the first shot on Aug. 18, he said he felt a little under the weather for several days with a low-grade fever. He got his second shot at a clinic on Sept. 15. Eight hours later, he said he was bed bound with a fever of over 101, shakes, chills, a pounding headache and shortness of breath. He said the pain in his arm, where he received the shot, felt like a “goose egg on my shoulder.” He hardly slept that night, recording that his temperature was higher than 100 degrees for five hours.
After 12 hours, Hutchison said he felt back to normal and his energy levels returned. Having signed a lengthy consent form, Hutchison was aware that he might experience symptoms. But he was still struck by the severity and duration, tweeting on Sept. 16 that he experienced “full on Covid-like symptoms.”
Two other participants in the Moderna trial, who asked to remain confidential because they feared backlash from the companies, reported similar side effects. Likewise, one participant in the Pfizer trial said he experienced more severe symptoms than he expected.
Another participant opined that Moderna may need to tell people to take a day off after their second dose.
One North Carolina woman in the Moderna study who is in her 50s said she didn’t experience a fever but suffered a bad migraine that left her drained for a day and unable to focus. She said she woke up the next day feeling better after taking Excedrin, but added that Moderna may need to tell people to take a day off after a second dose. She said other people in the trial have joined a couple of private Facebook groups and have shared similar experiences. She said members of the groups also reported a fever and pain in the arm similar to getting a tetanus shot, adding “you’re not going to be lifting weights or working out.”
“If this proves to work, people are going to have to toughen up,” she said. “The first dose is no big deal. And then the second dose will definitely put you down for the day for sure…You will need to take a day off after the second dose.”
Moderna and Pfizer responded by noting that some vaccines are harder on the body than others, and that the negative reactions in a minority of patients were an unfortunate trade off, but not reason enough to forego taking the vaccine.
Moderna and Pfizer have acknowledged that their vaccines could induce side effects that are similar to symptoms associated with mild Covid-19, such as muscle pain, chills and headache. As companies progressed through clinical trials, several vaccine makers abandoned their highest doses following reports of more severe reactions.
Infectious disease specialist Florian Krammer of New York’s Mount Sinai said on Twitter that the side effects reported in Moderna’s phase one trial are “unpleasant but not dangerous.” It remains to be seen whether kids and pregnant women will experience similar symptoms.
We wonder how heavily testimony like this will figure into the FDA’s expedited ruling on whether to grant emergency approval to both these companies.
via ZeroHedge News https://ift.tt/2Gj79KS Tyler Durden
During a Campaign rally in Duluth, Minnesota Wednesday, President Trump mocked Joe Biden’s declaration during the Presidential debate that Antifa is ‘just an idea’.
“Joe Biden says Antifa is just an idea,” Trump announced, adding “Well, ideas don’t assault cops and they don’t burn down buildings. Antifa is a domestic terrorist organization.”
Trump picked up where he left off in the debate, noting that he has received endorsements from law enforcement organizations nationwide, while Biden has not received a single one.
“I said, ‘Sleepy Joe, name one law enforcement group that supports you.’ Then Chris Wallace said, ‘Don’t do that! That’s not…’” Trump said, adding “Can you believe this guy? I was debating two people last night.”
“If you ever became president, you have to deal with some of the toughest people in the world and Chris Wallace is very, very easy by comparison,” Trump added.
After telling a heckler to “go home to mom,” the President also slammed the corporate media for refusing to report on rioting and looting by leftists.
“They think rioting is just ok, just do whatever you want,” Trump said.
“You can do whatever you want, you don’t have to wear masks, you just riot, 25,000 people standing on each other’s face,” he added.
“the liberal media is upset that I took the fight to Biden and exposed his very dangerous agenda,” the President added.
“Arson is ok, but challenging Sleepy Joe is totally off-limits,” Trump boomed.
Seg Joe and Jill Biden’s Flacid Lawn “Rallies,” No One Shows Up
Elsewhere during the rally, Trump warned that Biden wants to give free health care to illegal immigrants, destroying Medicare:
US Personal Income Tumbles In August, Savings-Rate Plunges Tyler Durden
Thu, 10/01/2020 – 08:39
After briefly up-ticking in July, US personal income was expected to drop 2.5% MoM and spending growth slow from +1.9% MoM to +0.8% MoM. It turns out things were better and worse than expected with incomes tumbling 2.7% MoM and spending rising 1.0% MoM…
Source: Bloomberg
As government handouts fade from history, income growth has slowed to +4.7% YoY and income growth has rebounded to be down just 1.9% YoY…
Source: Bloomberg
Wages rebounded:
Private workers: -0.4%, vs -1.3% last
Government workers -0.8%, vs -1.6% last
But the income-spend mismatch sent the savings rate tumbling from 17.7% to 14.1% (the lowest since March and down 60% from the highs)..
via ZeroHedge News https://ift.tt/34czgn2 Tyler Durden
