Kim Signals He’s Boosting Arsenal As North Korea Claims It Test-Fired A Hypersonic Missile

Kim Signals He’s Boosting Arsenal As North Korea Claims It Test-Fired A Hypersonic Missile

Update (1640ET): South Korean news agency Yonhp is reporting that “North Korea claims it test-fired a hypersonic missile… hitting a target 700km away.”

Which left us wondering one thing…

*  *  *

Overnight there were initial, though unconfirmed, reports from Japan’s coast guard that North Korea fired a ballistic missile into the sea on Tuesday. As of Wednesday morning it’s been confirmed by the US military, being described as “its first weapons launch in about two months and a signal it isn’t interested in rejoining denuclearization talks anytime soon,” according to the Associated Press.

Prior file footage of a North Korean missile test, AFP/Getty images.

“The launch came after North Korean leader Kim Jong Un vowed to further strengthen his military capability — without disclosing any new policies toward the United States or South Korea — at a high-profile ruling party conference last week,” AP continues. 

Statements from South Korea’s military indicated that the missile was likely launched from NK’s Jagang province, which is in the north of the country bordering China, and landed in eastern waters.

It’s believed Pyongyang has long held off on what would be the dramatically more serious option of a nuke test. Strongman ruler Kim Jong-un has not tested a nuclear weapon or inter-continental ballistic missile since 2017, Axios underscores.

For months South Korea has urged the swift resumption of denuclearization talks on the peninsula. Additionally there appears to be major overtures in the works regarding a formal declaration of and end to the Korean war, which some hawks in Washington argue would be an unnecessary “gift” to Kim.

It was reported early last month that the US, South Korea, North Korea, and China “have agreed ‘in principle’ to declare a formal end to the Korean War. But they’ve yet to meet on the matter due to Pyongyang’s demands.” The matter has still been stalled, and doesn’t look to easily find a way forward anytime soon.

Tyler Durden
Wed, 01/05/2022 – 17:00

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So Now It Has Been 666 Days Since A Pandemic Was Officially Declared…

So Now It Has Been 666 Days Since A Pandemic Was Officially Declared…

Authored by Michael Snyder via TheMostImportantNews.com,

Isn’t it funny how certain numbers just seem to come up over and over again?  On March 11th, 2020 the World Health Organization officially declared that the COVID-19 outbreak was a global pandemic.  According to timeanddate.com, moving forward 666 days brings us to January 5th, 2022.  Over the last 666 days, we have seen an extremely alarming rise of authoritarianism all over the globe, and all of our lives have been changed permanently and dramatically.  So I think that it is quite appropriate that we commemorate the 666th day of this pandemic, because governments all around the world have certainly been behaving in ways that are unspeakably evil.

And I find it quite interesting that one day after January 5th is the one year anniversary of the dramatic events that played out in Washington D.C. on January 6th, 2021.

How do you think Ray Epps will be celebrating that anniversary?

Of course that is a topic for another article. 

In this piece, I want to take a look at the current state of the COVID pandemic.

After everything that Dr. Television and his minions have done over the past two years, the COVID pandemic is worse than ever.  In fact, it is being reported that America “has set a seven-day-average record for Covid cases every day over the last week”

The U.S. has set a seven-day-average record for Covid cases every day over the last week, according to an analysis of NBC News’ case numbers and Department of Health and Human Services hospitalization data. In that time, 33 states, Washington, D.C., and two territories have set records for cases, hospitalizations or both.

Interestingly, the Omicron variant is hitting blue states with very high vaccination rates particularly hard.  Here are just a couple of examples

New Jersey set a case record every day in that period, with the average count ballooning from 15,000 cases a day to more than 27,000, while New York’s average number of cases set six records, from 37,000 to a peak of more than 71,000 average cases per day.

But instead of letting recent data change his message, Joe Biden continues to stick with his original narrative

“You can still get COVID, but it’s highly unlikely that you’ll become seriously ill,’’ Biden said. “If you’re vaccinated and boosted, you are highly protected. Be concerned about omicron, but don’t be alarmed. And if you’re unvaccinated, you have some reasons to be alarmed. You’ll experience severe illness in many cases.’’

Unfortunately for Biden, more Americans than ever have lost faith in his leadership.

In fact, the percentage of Americans that disapprove of his job performance just hit another new high

Fifty-six percent of voters now say they disapprove of the job Biden is doing, the worst such reading of his presidency as he approaches the end of his first year in office, according to new CNBC/Change Research poll. Prior polls in the series showed Biden’s disapproval rating at 54% in early September and 49% in April.

I think that it would actually do Biden a lot of good if he would be willing to admit that he has made major mistakes during this pandemic.

The American people respond to leaders that are humble enough to admit when they have been wrong.

But Biden isn’t going to do that, and the mainstream media is going to continue to keep spinning stories so that they appear to back up Biden’s narratives.  Here is just one example

People might mistakenly think the COVID-19 vaccines will completely block infection, but the shots are mainly designed to prevent severe illness, says Louis Mansky, a virus researcher at the University of Minnesota.

Oh really?

From the very beginning, they were “mainly designed to prevent severe illness”?

Do they really think that people have such short memories?

Over in Europe, case numbers have also escalated dramatically in recent weeks, and this has caused a wave of tremendous fear.

Many Europeans thought that if they just kept complying with everything that was demanded of them that life would eventually get back to normal.

Instead, life just continues to get even weirder.

In Sweden, a new start-up company is making a lot of headlines by embedding microchips that contain vaccine passport information directly into the arms of citizens

A Swedish start-up tech company has invented a scannable microchip that is implanted in people’s arms and can display your COVID-19 vaccination status. This digital implant is designed to be embedded into people’s arms so your vaccine passport pops up when scanned.

Needless to say, many of us would never get “chipped” under any circumstances, but a lot of people over in Europe are willingly allowing this to be done to them.

And the head of this new company in Sweden is warning that this new technology is going to move forward “whether we like it or not”

He said: “This technology exists and is used whether we like it or not.

“I am happy that it is brought into the public conversation.

“New technologies must be broadly debated and understood.

“Smart implants are a powerful health technology.

“That is what we are building at DSruptive and our goal is to transform healthcare on a global scale.”

Doesn’t he understand how this sort of technology could potentially be abused?

I am sure that there are governments all over the globe that would love to chip all of their citizens if they thought that they could get away with it.

Of course they have already gotten away with so much over the last 666 days.

Australia, New Zealand, Germany, Austria, Italy and France used to be such lovely places to visit, but now they have all been transformed into authoritarian hellholes.

And the Biden administration would love to take us down the exact same road.

Fortunately, there are quite a few red state governors that have been willing to stand up to Biden, but this political battle is far from over.

Meanwhile, Dr. Television and his minions continue to spread fear on the airwaves, and all of that fear is slowly but steadily tearing our society apart.

*  *  *

It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.

Tyler Durden
Wed, 01/05/2022 – 16:40

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David Harsanyi: Why America Must Reject ‘Eurotrash’ Ideas


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“About three times as many Europeans leave their homelands and immigrate to the United States every year as the other way around,” reports David Harsanyi. Yet “a growing number of American elites—politicians, academics, pundits, journalists, among others—argue, with increasing popularity, that we should look across the Atlantic for solutions to our most pressing problems.” Figures such as Sen. Bernie Sanders (I–Vt.) and Nobel laureate and New York Times columnist Paul Krugman want us to follow Europe’s lead when it comes to healthcare, government spending, tax policy, business regulations, and restrictions on free speech.

In Eurotrash: Why America Must Reject the Failed Ideas of a Dying Continent, Harsanyi, a syndicated columnist and senior writer at National Review, documents how the United States is doing far better across a wide array of economic, cultural, and political indicators than Europe. It’s a powerful argument that is as nuanced as it is polemical. For instance, he notes that Scandinavian countries are hardly as socialist as their American champions and critics both claim. He also notes that many nationalist conservatives seem hellbent on importing a loathsome blood-and-soil populism from Hungary and other European countries.

I talk with Harsanyi about all that and how his career—which includes stints at The Denver Post, Glenn Beck’s The Blaze, and The Federalist—reflect massive changes in the media landscape and what it means to be on the political right (he considers himself a conservative with some libertarian leanings). Born in 1970 and raised in Queens and Long Island by Hungarian refugees from communism, he remains deeply critical of many of former President Donald Trump’s protectionist policies while also freaked out by President Joe Biden’s massive government spending.

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St. Louis Taxpayers Paid a Lot To Run a Money-Losing Streetcar. It Could Cost Them Even More To Shut It Down.


reason-stltrolley

In a paradox only the federal government could produce, St. Louis officials are having to decide whether they want to spend money reviving the city’s long-troubled, currently mothballed trolley line or lose even more money shutting it down permanently.

Late last month, media outlets reported on a letter that the Federal Transit Administration (FTA) sent St. Louis Mayor Tishaura Jones saying that local officials had until February to come up with a plan to get its 2.2-mile Loop Trolley back up and running or else return the $37 million in funds the federal government provided for the project.

This is only the latest setback in the long, sad saga of the St. Louis streetcar.

The trolley started operational life in 2018—six years behind schedule and about $10 million over budget. Neighboring businesses—which were supposed to be the primary beneficiaries of the new streetcar—complained that the inconvenience of the trolley’s construction was instead costing them customers.

When it did open, ticket sales brought only around 10 percent of expected revenue, almost immediately throwing the line into financial distress. Creative efforts to boost ridership, including a Friday-night Laugh Tracks service during which comedians performed 40-minute sets along the 2-mile route, produced about as many chuckles as it did new customers.

The streetcar was then mothballed in December 2019 after county officials refused the trolley operator’s request for a $700,000 bailout to keep the system running into 2020. (The Loop Trolley’s website says it is currently shut down to help prevent the spread of COVID-19.)

All of these examples recommend against reviving the Loop Trolley. But The FTA’s ultimatum has St. Louis officials in a bit of a bind.

Reviving the streetcar will obviously require officials to find additional operating funds. Not reviving the streetcar will require paying back $37 million in capital costs the feds sunk into the project. Worse still, returning federal funds would also hurt the St. Louis region’s ability to secure federal grants for future projects.

The St. Louis streetcar’s supporters have long used that latter risk to justify keeping the line alive.

“We have come entirely too far and invested too much with the Loop Trolley to just walk away,” said then-Mayor Lyda Krewson in December 2019, when the trolley was first shuttered. “What critics of the project fail to realize is that walking away would put us all at risk of defaulting on federal grants and losing out on future federal transportation funding.”

The logic is proving convincing for even long-time streetcar critics.

“While the mayor did not support the Loop Trolley’s construction, she is committed to fixing this problem to protect our region’s transit dollars and our ability to receive federal support moving forward,” said Nick Dunne, a spokesperson for Jones, in an email to Center Square.

Taxpayers are also being put in a no-win situation, says Baruch Feigenbaum, senior managing director of transportation policy with the Reason Foundation (which publishes Reason).

“I like the idea that you have to continue operating it if you get federal funding. Otherwise, what’s to stop an entity from applying for federal funding [and then] shutting it down?” says Feigenbaum. “There have to be some consequences or the taxpayer is going to get screwed worse than they already are.”

Still, he says, that threat of losing federal funds for future transit projects incentivizes local and state governments to milk taxpayers in order to keep zombie transportation systems few people ride alive.

Feigenbaum says federal transit officials need to adopt more objective criteria and around ridership and financial sustainability when dolling out grants to localities to avoid future St. Louis Loop Trolley scenarios.

Indeed, the Urban Circulator grant program, which provided the bulk of federal funding to St. Louis’s streetcar, vetted grant applications based on hard-to-quantify criteria like livability, environmental sustainability, economic development, and “stakeholder collaboration.”

The circulator program also funded streetcar projects in Cincinnati, Ohio, and Charlotte, North Carolina, that—while not as disastrous as the Loop Trolley—suffer from low ridership and are almost entirely dependent on taxpayer funding to cover operating expenses.

The mess that is the St. Louis streetcar suggests that much less transit funding overall should come from the federal government. If local and state policymakers had to rely more heavily on their own voters and taxpayers to fund projects, they’d have to be more thoughtful about which ones they chose. Those same taxpayers and voters would have a real incentive to pay attention to their local and state governments.

Politicians would also likely be more willing to walk away from clearly failed projects if they weren’t also putting future federal grants at risk.

The $1.2 trillion Infrastructure Investment and Jobs Act signed into law by President Joe Biden in November 2021 moves federal transportation policy in the opposite direction. The law provides $550 billion in new spending, including $39 billion in new transit spending.

That leaves a lot more money that could potentially go to the next St. Louis Loop Trolley.

The post St. Louis Taxpayers Paid a Lot To Run a Money-Losing Streetcar. It Could Cost Them Even More To Shut It Down. appeared first on Reason.com.

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Oil Tanker Sends “Distress Call” To Arab Coalition After “Armed Harassment” Off Yemen Coast

Oil Tanker Sends “Distress Call” To Arab Coalition After “Armed Harassment” Off Yemen Coast

According to Saudi Gazette, the Arab Coalition received a distress call from an oil tanker near Yemen after being subjected to “armed harassment.” 

“We received a distress call from an oil tanker after it was subjected to armed harassment in front of the port of Hodeida,” the colation states.

The port of Hodeida is located in the Red Sea, but no other details about the vessel’s location have been given. 

There’s no word if the attack of the tanker resulted in damage. We still don’t know the vessel’s IMO ship identification number. 

*This story is developing… 

Tyler Durden
Wed, 01/05/2022 – 16:20

via ZeroHedge News https://ift.tt/3HBvZQn Tyler Durden

David Harsanyi: Why America Must Reject ‘Eurotrash’ Ideas


Thumbnail (2)

“About three times as many Europeans leave their homelands and immigrate to the United States every year as the other way around,” reports David Harsanyi. Yet “a growing number of American elites—politicians, academics, pundits, journalists, among others—argue, with increasing popularity, that we should look across the Atlantic for solutions to our most pressing problems.” Figures such as Sen. Bernie Sanders (I–Vt.) and Nobel laureate and New York Times columnist Paul Krugman want us to follow Europe’s lead when it comes to healthcare, government spending, tax policy, business regulations, and restrictions on free speech.

In Eurotrash: Why America Must Reject the Failed Ideas of a Dying Continent, Harsanyi, a syndicated columnist and senior writer at National Review, documents how the United States is doing far better across a wide array of economic, cultural, and political indicators than Europe. It’s a powerful argument that is as nuanced as it is polemical. For instance, he notes that Scandinavian countries are hardly as socialist as their American champions and critics both claim. He also notes that many nationalist conservatives seem hellbent on importing a loathsome blood-and-soil populism from Hungary and other European countries.

I talk with Harsanyi about all that and how his career—which includes stints at The Denver Post, Glenn Beck’s The Blaze, and The Federalist—reflect massive changes in the media landscape and what it means to be on the political right (he considers himself a conservative with some libertarian leanings). Born in 1970 and raised in Queens and Long Island by Hungarian refugees from communism, he remains deeply critical of many of former President Donald Trump’s protectionist policies while also freaked out by President Joe Biden’s massive government spending.

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St. Louis Taxpayers Paid a Lot To Run a Money-Losing Streetcar. It Could Cost Them Even More To Shut It Down.


reason-stltrolley

In a paradox only the federal government could produce, St. Louis officials are having to decide whether they want to spend money reviving the city’s long-troubled, currently mothballed trolley line or lose even more money shutting it down permanently.

Late last month, media outlets reported on a letter that the Federal Transit Administration (FTA) sent St. Louis Mayor Tishaura Jones saying that local officials had until February to come up with a plan to get its 2.2-mile Loop Trolley back up and running or else return the $37 million in funds the federal government provided for the project.

This is only the latest setback in the long, sad saga of the St. Louis streetcar.

The trolley started operational life in 2018—six years behind schedule and about $10 million over budget. Neighboring businesses—which were supposed to be the primary beneficiaries of the new streetcar—complained that the inconvenience of the trolley’s construction was instead costing them customers.

When it did open, ticket sales brought only around 10 percent of expected revenue, almost immediately throwing the line into financial distress. Creative efforts to boost ridership, including a Friday-night Laugh Tracks service during which comedians performed 40-minute sets along the 2-mile route, produced about as many chuckles as it did new customers.

The streetcar was then mothballed in December 2019 after county officials refused the trolley operator’s request for a $700,000 bailout to keep the system running into 2020. (The Loop Trolley’s website says it is currently shut down to help prevent the spread of COVID-19.)

All of these examples recommend against reviving the Loop Trolley. But The FTA’s ultimatum has St. Louis officials in a bit of a bind.

Reviving the streetcar will obviously require officials to find additional operating funds. Not reviving the streetcar will require paying back $37 million in capital costs the feds sunk into the project. Worse still, returning federal funds would also hurt the St. Louis region’s ability to secure federal grants for future projects.

The St. Louis streetcar’s supporters have long used that latter risk to justify keeping the line alive.

“We have come entirely too far and invested too much with the Loop Trolley to just walk away,” said then-Mayor Lyda Krewson in December 2019, when the trolley was first shuttered. “What critics of the project fail to realize is that walking away would put us all at risk of defaulting on federal grants and losing out on future federal transportation funding.”

The logic is proving convincing for even long-time streetcar critics.

“While the mayor did not support the Loop Trolley’s construction, she is committed to fixing this problem to protect our region’s transit dollars and our ability to receive federal support moving forward,” said Nick Dunne, a spokesperson for Jones, in an email to Center Square.

Taxpayers are also being put in a no-win situation, says Baruch Feigenbaum, senior managing director of transportation policy with the Reason Foundation (which publishes Reason).

“I like the idea that you have to continue operating it if you get federal funding. Otherwise, what’s to stop an entity from applying for federal funding [and then] shutting it down?” says Feigenbaum. “There have to be some consequences or the taxpayer is going to get screwed worse than they already are.”

Still, he says, that threat of losing federal funds for future transit projects incentivizes local and state governments to milk taxpayers in order to keep zombie transportation systems few people ride alive.

Feigenbaum says federal transit officials need to adopt more objective criteria and around ridership and financial sustainability when dolling out grants to localities to avoid future St. Louis Loop Trolley scenarios.

Indeed, the Urban Circulator grant program, which provided the bulk of federal funding to St. Louis’s streetcar, vetted grant applications based on hard-to-quantify criteria like livability, environmental sustainability, economic development, and “stakeholder collaboration.”

The circulator program also funded streetcar projects in Cincinnati, Ohio, and Charlotte, North Carolina, that—while not as disastrous as the Loop Trolley—suffer from low ridership and are almost entirely dependent on taxpayer funding to cover operating expenses.

The mess that is the St. Louis streetcar suggests that much less transit funding overall should come from the federal government. If local and state policymakers had to rely more heavily on their own voters and taxpayers to fund projects, they’d have to be more thoughtful about which ones they chose. Those same taxpayers and voters would have a real incentive to pay attention to their local and state governments.

Politicians would also likely be more willing to walk away from clearly failed projects if they weren’t also putting future federal grants at risk.

The $1.2 trillion Infrastructure Investment and Jobs Act signed into law by President Joe Biden in November 2021 moves federal transportation policy in the opposite direction. The law provides $550 billion in new spending, including $39 billion in new transit spending.

That leaves a lot more money that could potentially go to the next St. Louis Loop Trolley.

The post St. Louis Taxpayers Paid a Lot To Run a Money-Losing Streetcar. It Could Cost Them Even More To Shut It Down. appeared first on Reason.com.

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Cathie Wood’s ARKK Sinks With Record 45% Drawdown

Cathie Wood’s ARKK Sinks With Record 45% Drawdown

Just days after Cathie Wood penned a controversial blog to strongly hint at the idea of potential annualized 40% returns over the next five years, ARK Invest’s flagship fund, the ARKK Innovation ETF, has started 2022 with its largest drawdown in in fund history!

The contents of Wood’s portfolio are now under the microscope if for no other reason than Wood has somehow found a way to torpedo her ETF despite its largest holding being (still) up 3.5% for 2022 (including Wednesday’s wreck) and 49.9% for the previous 12 month period. 

As shown below, ARKK has now discloated from its benchmark, the Nasdaq, by the biggest spread on record. But at least Cathie is getting paid for the massive underperformance to an index that anyone can buy for free.

Recall, back on December 21, Zero Hedge contributor Quoth the Raven noted that Wood had backtracked on estimates of returning 40% per year, for the next 5 years. She said in mid December that “innovation stocks” were in “deep value territory” and she estimated specifically that her “flagship strategy” could deliver “a 40% compound annual rate of return during the next five years”.

Then, she changed the language in her blog post and realigned her expectations from “40%” to “30-40%” and added a lot of qualifier language, not the least of which was directing the return expectation away from their “flagship strategy” and onto a vague benchmark of ARK Invest, in general.

“If the luster wears out for ARKK names or we see a tech wreck, as I have predicted might happen, there’s no doubt that Wood’s “Innovation Fund” will wind up facing more volatility, possibly disproportionately,” we wrote in December. It looks like that is the case, at least for the start of 2022 thus far. 

“What, me, worry?”

Also of note is the fact that ARKK’s largest weighting, Tesla, has performed splendidly while the ARKK ETF has been in free fall. 

Wood said back in early December 2021 that she was “soul searching” as a result of her flagship fund’s underperformance. At least that’s what she told Bloomberg last month: 

Ark Investment Management is “going through soul-searching” as its growth-focused funds fall out of favor amid expectations of tighter Federal Reserve policy, said founder Cathie Wood. 

In an interview with Bloomberg in December, Wood also said: “I’ve never been in a market that is up — has appreciated — and our strategies are down.”

She continued: “When we go through a period like this, of course we are going through soul-searching, saying ‘are we missing something?’” 

Dear Cathie, perhaps a better question might be: “Are we missing everything?”

Tyler Durden
Wed, 01/05/2022 – 16:03

via ZeroHedge News https://ift.tt/3zHLF1T Tyler Durden

May University Faculty/Staff/Students Sue Pseudonymously Over Limits on Religious Exemptions from COVID Vaccine Mandate?

Last week I blogged about a similar controversy brewing in Maine, and yesterday I blogged about the split among courts on whether students could sue pseudonymously to challenge discipline for COVID protocol violations. Today, we have yet another decision, which comes down in favor of pseudonymity as to the vaccine mandate challenge: Magistrate Judge Kathleen Tafoya’s opinion in Does v. Bd. of Regents (D. Colo.).

“Ordinarily, those using the courts must be prepared to accept the public scrutiny that is an inherent part of public trials.” Ultimately, the “test for permitting a plaintiff to proceed anonymously is whether the plaintiff has a substantial privacy right which outweighs the customary and constitutionally-embedded presumption of openness in judicial proceedings.” …

Plaintiffs first argue that medical and other privacy issues are woven throughout Plaintiffs’ claims, and that their Amended Complaint asserts claims under the Americans with Disabilities Act … requiring the Court to take special notice of Plaintiffs’ medical privacy rights. Plaintiff[s] assert[] that the vaccination status of a person is recognized to be protected, confidential information by an array of federal statutes, including the ADA itself, as well as the Family Educational Rights and Privacy Act, and the Health Insurance Portability and Privacy Act….

This court specifically rejects an argument that statutorily-imposed confidentiality protection, in and of itself, satisfies the highly sensitive and personal part of the anonymity argument. Nonetheless, the court will consider the statutory privacy schemes as part of making its discretionary findings here.

In this case Plaintiffs seek, first and foremost, to enforce their non-medical constitutional rights. In particular they seek a religious, not medical, exemption to the University’s policy regarding mandatory vaccination against COVID-19 and its variants. The only medical condition common to the Plaintiffs that is pertinent to the case is their unvaccinated status. It is this status which has caused all Plaintiffs to incur damages related to their employment.

Absent the current political climate, whether a person has been vaccinated or not from various maladies that might befall a human being is not particularly sensitive or personal, even though such information is protected from disclosure under HIPPA as medically related…. [S]tanding alone, a medical condition that is described as unvaccinated against COVID-19 is not so highly sensitive and personal in nature as to overcome the presumption of openness in judicial proceedings….

[H]owever, neither the court nor the litigants undertake litigation in a vacuum; the political climate and public attitudes concerning those who refuse vaccination from COVID-19 actually do exist and must be considered by the court under the balancing required by [Tenth Circuit precedent]. Plaintiffs argue that if outside persons know they have chosen to be unvaccinated, they are personally subject to a substantial risk of retaliation, including physical harm. (See Am. Compl.: online commentator stating about those attending a vaccine-mandate protest: “The anti-vaxers are ignorant trash and don’t deserve to live. Gun them down while they’re all in one place and let God sort it out”; President Biden quoted as saying “We’ve been patient, but our patience is wearing thin, and the refusal has cost all of us ….”)

Plaintiffs assert that not only are they potential targets of physical harm from others because of their unvaccinated status, they will also face harm to their professional standing from employers and educational institutions where Plaintiffs may seek employment or admission in the future, particularly in the healthcare field. Plaintiffs claim “they run the risk of ostracization, threats of harm, immediate firing, and other retaliatory consequences, if their names become known.” These anticipated damages are not currently part of those claimed in this lawsuit against the named Defendants. Therefore, in addition to considering whether potential harm to Plaintiffs by exposure of their true identities is a real threat, the court must also determine if “the injury litigated against would be incurred as a result of the disclosure of the plaintiff’s identity.” …

[T]here are no allegations that any of the plaintiffs have received any direct physical threats from anyone. Plaintiffs’ identities are currently known to the Defendants, who received each application for religious exemption from the COVID-19 vaccine mandate and were responsible for turning down the specified religious exemption requests. There is no indication that anyone associated with any defendant, knowing Plaintiffs’ identities, has threatened or harmed any plaintiff, other than as alleged in the Amended Complaint….

The harm that Plaintiffs fear if their identification is revealed comes from the public; that very same group that was invoked by President Biden in his lament that “all of us” are hurt by an individual choice to not receive a vaccination. The same public, of course, has a right to open access to judicial records and documents in civil cases.

The reality at this stage of the pandemic in the United States is that vaccines are readily available to all adults in this country, free of charge, who want to be vaccinated. There is no question that there exists in our nation a certain enmity from some persons in society against those persons who choose not to become vaccinated. Plaintiffs’ Motion has presented evidence that supports their contention that choosing not to become vaccinated can stigmatize an individual as uncaring for the well-being of others, especially in light of the many mutations that have been identified thus far and the unknowns surrounding protection through vaccination if the virus is not definitively stopped from spreading. Arguments on both sides of the vaccine mandate controversy are often vitriolic and personal.

It is not this court’s place to attempt to resolve these conflicts, but simply to recognize them and balance the danger posed to individuals being labeled so-called “anti-vaxxers” against legal precedent holding that “[c]ourts are public institutions which exist for the public to serve the public interest [and] … that secret court proceedings are anathema to a free society.”

Considering the merit of this litigation, the identity of each of the Plaintiffs is of little-to- no value to the underlying allegations of the complaint. There has been no argument that the plaintiffs are not sincere in their religious objections to receiving the currently available vaccines. In fact, the individual plaintiffs who requested a religious exemption from a requirement to receive a COVID-19 vaccine are knowingly placing their own health at risk in order to uphold their religious convictions….

Further, the court agrees with Plaintiffs that there is a uniquely weak public interest in knowing the litigants’ identities in this case. The public will know that a group of people working and/or studying at the University of Colorado Anschutz medical campus have asserted religious objections to receiving the currently available COVID-19 vaccines, generally but not universally, on the basis of the use stem cells derived from aborted fetuses during research.

These exemptions were denied by the University, which only allowed religious exemptions for those individuals who are members of organized religions whose teachings entirely forbid vaccinations. Plaintiffs allege that the disallowance of their requests for religious exemption, and the ultimate penalties that were visited upon them as a result of them being unvaccinated, violated individual constitutional guarantees of religious neutrality and the entanglement between government and religion, as enshrined in the First … Amendment[] ….

The issues before the Court on the merits, therefore, do not depend on the identities of the Plaintiffs, but rather on the actions of Defendants, who are public, governmental entities and actors. The public has a very significant interest in the constitutionality of the policies of its public institutions. But, it is the policy itself and its execution at the University’s Anschutz campus that is on trial, not the individual Plaintiffs who are asserting the constitutional violations.

Therefore, … the court finds that the Plaintiffs have a substantial privacy right in protecting against public knowledge of their identities that outweighs the presumption of openness in judicial proceedings under these limited circumstances and that they should be allowed to proceed via pseudonyms until further order of the court.

The post May University Faculty/Staff/Students Sue Pseudonymously Over Limits on Religious Exemptions from COVID Vaccine Mandate? appeared first on Reason.com.

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Markets Turmoil As FOMC Minutes Spark Surge In Rate-Hike-Odds

Markets Turmoil As FOMC Minutes Spark Surge In Rate-Hike-Odds

Well that escalated quickly…

What we would like to know is – if the market is a “forward-looking” whatever… what exactly was it looking forward to by ignoring the fact that STIRs have been pricing a dramatically more hawkish Fed for weeks?

The S&P and Small Caps joined Nasdaq in the red for 2022 today, puking lower after FOMC Minutes offered no dovish relief at all on a Fed that is looking increasingly like it wants to surprise markets… to the downside. The Dow is clinging to gains for 2022 while Nasdaq is down over 3% followed by Small Caps down over 2% and the S&P down around 1.5%…

The Nasdaq is down 6 of the last 7 days.

Small Caps crashed back below their 200DMA and Nasdaq broke below its 50- and 100-DMA…

Cathie Wood’s ship is sinking…

Source: Bloomberg

Unprofitable tech stocks continued to plunge, now at their lowest since Nov 2020…

Source: Bloomberg

VIX surged back above 19.5 – 2-week highs…

The hawkish comments sent rate-hike-odds soaring, with a March liftoff now more than 80% priced-in…

Source: Bloomberg

And it was the short-end of the yield curve that underperformed today (2Y-5Y +7bps, 30Y +3bps)…

Source: Bloomberg

For context, 30Y tagged 2.10%, 10Y 1.70%, 2Y above 80bps…

Source: Bloomberg

The Dollar was weaker overnight but surged back to unchanged on the Fed Minutes…

Source: Bloomberg

Bitcoin barfed back to a $43k handle today…

Source: Bloomberg

This is the lowest close for bitcoin since Sept 2020 and notably below its 200DMA…

Source: Bloomberg

Gold puked along with everything else, but for now is holding above $1800…

WTI managed to hold on to gains for the day after rollercoastering on a big drop in gasoline demand and The Fed minutes…

Finally, the entire Santa Claus Rally has been erased…

Source: Bloomberg

And the Nasdaq has a long way to go (relative to Small Caps) to catch down to real-yields (inverted) as the latter reached its highest since June 2021…

Source: Bloomberg

The question is – would that size drop be enough to trigger Powell’s Put?

Because for now… the S&P is only 1.5% from its all-time-high!!!

So don’t start panicking yet?

Tyler Durden
Wed, 01/05/2022 – 16:00

via ZeroHedge News https://ift.tt/3FZeetT Tyler Durden