Israel’s Jerusalem Post Hacked, Site Replaced With Pro-Iran Threat Of Annihilation 

Israel’s Jerusalem Post Hacked, Site Replaced With Pro-Iran Threat Of Annihilation 

In the early hours of Monday Israel’s prominent daily newspaper The Jerusalem Post had its website hacked by what are believed to be “pro-Iranian hackers” who made the intrusion on the occasion of the second anniversary of Islamic Revolutionary Guard Corps (IRGC) commander Qassem Soleimani’s death.​

The newspaper’s homepage was replaced by a threatening image depicting Israel’s Dimona nuclear facility being blown up with text posted in both English and Hebrew reading: “We are close to you where you do not think about it.”

The image that took over JPost’s homepage during the breach.

The website has since been restored after the hack happened at about 2am Monday (local time). The featured image showed a missile being “fired” from a ring on the hand of the late IRGC Quds force leader, who has assassinated on orders from then President Trump on Jan.3rd, 2020 via drone strike at Baghdad’s international airport. 

Iranian officials have also long blamed Israel for being part of the assassination, which was actually belatedly confirmed by Israeli defense officials themselves last month. In December, while speaking about Soleimani’s death in a media interview, Israel’s former military intelligence chief, Maj. Gen. Tamir Heyman described that “Assassinating Soleimani was an achievement, since our main enemy, in my eyes, are the Iranians.”

The website has since been restored and is functioning properly. Amid the cyber-intrusion JPost editors had acknowledged, “We are aware of the apparent hacking of our website, alongside a direct threat to Israel,” the English-language newspaper stated. “We are working to resolve the issue and thank readers for your patience and understanding.”

Separately another Israeli media outlet was targeted Monday – Maariv newspaper’s Twitter account was taken over as part of what appears the “pro-Iranian Israeli influence op” – as Israeli media had described it.

Iran state media has actually made multiple declarations that Iranian forces would target the Dimona nuclear site, which lies in the southern Negev desert – for example in the last week of December coming out with this video depicting its attack by long-range missiles

Israel has long officially denied or at least not commented on the fact that it possesses nukes, which Tehran has long argued is an unfair double-standard. Iran has said that if Israel has nuclear weapons then other regional countries should be free to pursue their own programs.

But at the same time the Ayatollahs and clerical establishment have deemed nuclear weapons ‘unIslamic’. Iran maintains an official position of saying its program is toward peaceful energy development. 

Tyler Durden
Mon, 01/03/2022 – 14:19

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

The Death Penalty Continued Its Downward Trend in 2021


lethalinjection_1161x653

The authorities executed just 11 prisoners in 2021—the U.S.’s lowest total in recent history. It was the seventh consecutive year that fewer than 30 death row inmates were executed.

According to a December report published by the Death Penalty Information Center, we’re also seeing big plunges in death sentences for those newly convicted of capital crimes. Only 18 people were sentenced to death last year, matching the number sentenced in 2020.

Despite the uptick in homicides and gun violence during the past two years, there doesn’t seem to be a whole lot of pressure to reverse the trend toward fewer executions. Indeed, Virginia, the state that has executed the most prisoners throughout American history, formally ended the use of the death penalty in 2021. Even before ending the practice, the state hadn’t executed anybody since 2017. Twenty-three states have now stopped using the death penalty.

There was one major exception to the recent trend of fewer executions. Under President Donald Trump, the U.S. Department of Justice began executing federal death row inmates in 2020. Before that, there hadn’t been a federal execution since 2003. In the final six months of Trump’s term, 13 federal death row inmates were executed, the final three in January 2021, just days before Trump left office.

When President Joe Biden was on the campaign trail, he promised to support an end to the federal death penalty. There have been no executions since he took office. But this moratorium is eminently reversible unless Congress actually passes a law ending the practice. Similarly, Gov. Gavin Newsom has a moratorium in place for California, which has the most inmates on death row (at 699). California hasn’t executed an inmate since 2006, though prosecutors can (and do) still seek death sentences there for capital crimes.

Elsewhere, Oregon’s Supreme Court ruled in October that a 2019 law that narrows capital crimes to four specific types of aggravated murders (terrorist acts that kill two or more people, premeditated murder of children, prison murders by those already incarcerated for murder, and premeditated murders of correctional officers) should be applied retroactively. This, according to the Death Penalty Information Center, has the potential to resentence all 24 people currently on death row in Oregon. Meanwhile, Oregon Gov. Kate Brown has maintained an existing moratorium put into place in 2011.

There are now pushes in Ohio and Utah to abolish the death penalty in those states, and the Death Penalty Information Center notes the bipartisan nature of the two proposals. Utah’s Republican-led effort is supported by four county prosecutors (two Democrats and two Republicans). In a group letter, the prosecutors wrote that “the death penalty in Utah today is a permanent and irreversible sentence within an imperfect system. It fails to deter crime. It retraumatizes victims. It disproportionately applies to minorities. It is expensive. And it makes plea negotiations coercive.” The bill would replace the state’s death sentence with a 45-years-to-life prison sentence.

2021 provided two examples of inmates cleared of the crimes that had put them on death row. In January, Eddie Lee Howard was exonerated for a murder after spending 26 years on death row in Mississippi. Also in Mississippi, Sherwood Brown was exonerated of a triple murder in August. He too spent 26 years on death row. In each case, forensics malpractice played a role in the men’s convictions; both were ultimately cleared by DNA evidence.

The Death Penalty Information Center has also calculated the additional costs to taxpayers when people who had been sentenced to death due to prosecutor or police misconduct sue and are awarded settlements or damages. The cases they analyzed for 2021 added up to $78 million in court awards and settlements. Most of that money went to half-brothers Henry McCollum and Leon Brown, who were coerced into confessing to rape and murder with fabricated evidence when they were teens and served 31 years before being exonerated by DNA evidence in 2014. They were awarded $75 million in damages in May.

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The Death Penalty Continued Its Downward Trend in 2021


lethalinjection_1161x653

The authorities executed just 11 prisoners in 2021—the U.S.’s lowest total in recent history. It was the seventh consecutive year that fewer than 30 death row inmates were executed.

According to a December report published by the Death Penalty Information Center, we’re also seeing big plunges in death sentences for those newly convicted of capital crimes. Only 18 people were sentenced to death last year, matching the number sentenced in 2020.

Despite the uptick in homicides and gun violence during the past two years, there doesn’t seem to be a whole lot of pressure to reverse the trend toward fewer executions. Indeed, Virginia, the state that has executed the most prisoners throughout American history, formally ended the use of the death penalty in 2021. Even before ending the practice, the state hadn’t executed anybody since 2017. Twenty-three states have now stopped using the death penalty.

There was one major exception to the recent trend of fewer executions. Under President Donald Trump, the U.S. Department of Justice began executing federal death row inmates in 2020. Before that, there hadn’t been a federal execution since 2003. In the final six months of Trump’s term, 13 federal death row inmates were executed, the final three in January 2021, just days before Trump left office.

When President Joe Biden was on the campaign trail, he promised to support an end to the federal death penalty. There have been no executions since he took office. But this moratorium is eminently reversible unless Congress actually passes a law ending the practice. Similarly, Gov. Gavin Newsom has a moratorium in place for California, which has the most inmates on death row (at 699). California hasn’t executed an inmate since 2006, though prosecutors can (and do) still seek death sentences there for capital crimes.

Elsewhere, Oregon’s Supreme Court ruled in October that a 2019 law that narrows capital crimes to four specific types of aggravated murders (terrorist acts that kill two or more people, premeditated murder of children, prison murders by those already incarcerated for murder, and premeditated murders of correctional officers) should be applied retroactively. This, according to the Death Penalty Information Center, has the potential to resentence all 24 people currently on death row in Oregon. Meanwhile, Oregon Gov. Kate Brown has maintained an existing moratorium put into place in 2011.

There are now pushes in Ohio and Utah to abolish the death penalty in those states, and the Death Penalty Information Center notes the bipartisan nature of the two proposals. Utah’s Republican-led effort is supported by four county prosecutors (two Democrats and two Republicans). In a group letter, the prosecutors wrote that “the death penalty in Utah today is a permanent and irreversible sentence within an imperfect system. It fails to deter crime. It retraumatizes victims. It disproportionately applies to minorities. It is expensive. And it makes plea negotiations coercive.” The bill would replace the state’s death sentence with a 45-years-to-life prison sentence.

2021 provided two examples of inmates cleared of the crimes that had put them on death row. In January, Eddie Lee Howard was exonerated for a murder after spending 26 years on death row in Mississippi. Also in Mississippi, Sherwood Brown was exonerated of a triple murder in August. He too spent 26 years on death row. In each case, forensics malpractice played a role in the men’s convictions; both were ultimately cleared by DNA evidence.

The Death Penalty Information Center has also calculated the additional costs to taxpayers when people who had been sentenced to death due to prosecutor or police misconduct sue and are awarded settlements or damages. The cases they analyzed for 2021 added up to $78 million in court awards and settlements. Most of that money went to half-brothers Henry McCollum and Leon Brown, who were coerced into confessing to rape and murder with fabricated evidence when they were teens and served 31 years before being exonerated by DNA evidence in 2014. They were awarded $75 million in damages in May.

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Anthony Fauci Is Right To Distinguish COVID-19 Infections, Which Are Exploding, From Severe Disease, Which Is Not


Anthony-Fauci-11-29-21-Newscom

While “we are definitely in the middle of a very severe surge” in COVID-19 infections, President Joe Biden’s chief medical adviser said yesterday, “we have not seen a concomitant increase” in hospitalizations. Recent numbers show “almost a vertical increase” in newly identified cases, Anthony Fauci noted on ABC’s This Week. But as “infections become less severe,” he said, “it is much more relevant to focus on the hospitalizations as opposed to the total number of cases.”

Fauci is surely right that focusing on case numbers rather than severe disease is more misleading than ever. But while hospitalizations are a better indicator of severe disease, those numbers also can be misleading, because they include relatively mild cases and people who tested positive for the coronavirus after they were admitted for different reasons.

The evidence so far, including data from the U.K. published last Friday, indicates that the omicron variant, which accounts for an estimated 59 percent of current COVID-19 cases in the U.S., is more contagious but less lethal than the delta variant. And while there is ample reason to worry that the sheer number of COVID-19 cases will overwhelm hospitals, the current situation is far less dire than what we saw last winter.

According to the New York Times database, the seven-day average of newly identified cases in the United States tripled during the last two weeks. Those data surely understate the actual number of infections, since results from rapid home tests are not necessarily reported and (as usual) many people with mild or no symptoms do not get tested at all. But during the same period that reported cases rose by 204 percent, hospitalizations rose by just 35 percent, and deaths declined by 3 percent. The latter development is especially striking because the current surge in U.S. cases began about a month ago.

The seven-day average of daily new cases, according to the Times, was more than 400,000 as of yesterday, which is 61 percent higher than the peak during last winter’s surge. Yet the seven-day average of daily deaths was less than 1,300, compared to 2,600 a year before and more than 3,300 in mid-January 2021. The seven-day average for hospitalizations was about 93,000, compared to about 131,000 a year before and about 138,000 on January 10, 2021.

It is not clear how many of those hospitalizations involved incidental or mild infections, as opposed to life-threatening symptoms. But according to a study of patients admitted to V.A. hospitals from March 1, 2020, to June 30, 2021, the share of admissions involving moderate-to-severe COVID-19 cases fell from 64 percent before vaccines were widely available to 52 percent afterward.

“Routine inpatient screening, common or mandated in many facilities, may identify incidental cases,” the researchers noted. “If hospitalizations are used as a metric for policy decision-making, patients hospitalized for the management of COVID-19 disease should be distinguished from patients who are hospitalized and incidentally found to be infected with SARS-CoV-2.”

Chris Hopson, CEO of NHS Providers, which represents British health care workers, made a similar point in a Twitter thread last week. Here is how he summarized his conversations with the heads of the trusts that oversee British hospitals: “What’s very interesting is how many are talking about [the] number of asymptomatic patients being admitted to hospital for other reasons and then testing positive for Covid. Some are describing this as ‘incidental Covid.'” Hopson wrote that hospitals are “not, at [the] moment, reporting large numbers of patients with severe Covid type respiratory problems needing critical care.”

Studies of pediatric admissions also have found that mild or incidental cases accounted for a large share of so-called COVID-19 hospitalizations. In one study, two-fifths of admissions to a California children’s hospital from May 10, 2020, to February 10, 2021, involved patients who were asymptomatic. One-fifth involved “severe” or “critical” cases.

In another study, 40 percent of COVID-positive pediatric patients admitted in the period from May 1, 2020, to September 30, 2020, had “incidental infection,” 47 percent were “potentially symptomatic,” and the rest were “significantly symptomatic.” In this age group, the researchers reported, “most hospitalized patients who test positive for SARS-CoV-2 are asymptomatic or have a reason for hospitalization other than coronavirus disease 2019.”

While pediatric admissions are rising during the current surge, the Times reported last week, “doctors and researchers said they were not seeing evidence that Omicron was more threatening to children.” To the contrary, “preliminary data suggests that compared with the Delta variant, Omicron appears to be causing milder illness in children, similar to early findings for adults.”

Those early findings include studies from South Africa and Scotland that found omicron was less likely than other variants to cause life-threatening symptoms. Between October 1 and December 6, according to the South African study, COVID-19 patients infected by omicron were 80 percent less likely to be hospitalized than patients infected by other variants. The same study found that patients infected by the omicron variant who were admitted to hospitals this fall were 70 percent less likely to develop severe disease than patients infected by the delta variant who were hospitalized between April and November. According to the Scottish study, “Omicron is associated with a two-thirds reduction in the risk of COVID-19 hospitalisation when compared to Delta.”

A report that the U.K. Health Security Agency released on Friday reinforces those findings. According to a study of hospital patients, “the risk of presentation to emergency care or hospital admission with Omicron was approximately half of that for Delta,” and “the risk of hospital admission from emergency departments with Omicron was approximately one-third of that for Delta.”

That study also found that the risk of hospitalization was 81 percent lower among omicron patients who had received three vaccine doses than it was among unvaccinated omicron patients. A second study looked at symptomatic cases diagnosed in the community. While it confirmed that vaccination was less effective at preventing symptomatic infection by omicron than it was at preventing symptomatic infection by delta, omicron patients who had received three doses were still 68 percent less likely to be hospitalized than unvaccinated omicron patients.

Data from the Centers for Disease Control and Prevention (CDC) indicate that severe cases as a share of “COVID-19-associated hospital admissions” peaked in the spring of 2020. That March, about 38 percent of patients required intensive care and 27 percent needed mechanical ventilation. In-hospital fatalities peaked that April, when 17 percent of admitted COVID-19 patients died. As of September, the most recent month for which the CDC is reporting detailed data, 21 percent of hospitalized COVID-19 patients received intensive care, 11 percent received mechanical ventilation, and 12 percent died in the hospital. Now that omicron is displacing delta and most of the population has been vaccinated and/or acquired some protection as a result of prior infection, the downward trend in severe outcomes as a percentage of admissions is likely to continue.

Even so, the explosion in cases is overwhelming some health care systems, which threatens treatment not only for COVID-19 but also for other potentially deadly medical conditions. Hospitalizations are still rising, which will cause serious problems during the next few weeks. “You’re still going to get a lot of people that are going to be needing hospitalization,” Fauci noted on This Week. “And that’s the reason why we’re concerned about stressing and straining the hospital system.”

But as Fauci also noted, it seems likely that “this thing will peak after a period of a few weeks and turn around.” That is what happened in South Africa, where the omicron variant was first identified in November. The seven-day average of daily new cases in South Africa exploded from mid-November to December 18 but has fallen sharply since then. “They had a major surge,” Fauci noted, “but as quickly as the surge went up, it turned around.” And as in the United States and the U.K., the increase in deaths, which even at their peak remained far below the numbers reported last January, was much smaller than the increase in cases.

“The emerging evidence suggests that Omicron really is milder than earlier versions of this coronavirus (either because of intrinsic biological reasons or because of higher levels of population immunity),” David Leonhardt and Ashley Wu write in the Times. “In South Africa and England, as well as New York, San Francisco and other parts of the U.S., hospitalization numbers are lower than doctors had feared.”

Leonhardt and Wu suggest that “when the current surge begins receding, it will likely have left a couple of silver linings.” They note that omicron’s high transmissibility will increase natural immunity. Research in South Africa suggests that omicron infection dramatically boosts resistance to delta, which is especially good news because it seems the latter variant is more likely to cause severe disease. Omicron “has also helped focus Americans on the importance of booster shots, further increasing immunity,” Leonhardt and Wu say. They add that new COVID-19 treatments from Pfizer and Merck “lower the risk of hospitalization and death” by as much as 90 percent.

In short, Leonhardt and Wu say, “the U.S. could emerge from the Omicron wave significantly closer to the only plausible long-term future for Covid—one in which it becomes an endemic disease and a more normal part of daily life.” While “it will still cause illness and death,” COVID-19 as an endemic disease “does not need to dominate life the way a pandemic does,” they note. “If the U.S. reaches that point in 2022—as appears likely—the next New Year will feel a lot more satisfying than this one.”

The post Anthony Fauci Is Right To Distinguish COVID-19 Infections, Which Are Exploding, From Severe Disease, Which Is Not appeared first on Reason.com.

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Anthony Fauci Is Right To Distinguish COVID-19 Infections, Which Are Exploding, From Severe Disease, Which Is Not


Anthony-Fauci-11-29-21-Newscom

While “we are definitely in the middle of a very severe surge” in COVID-19 infections, President Joe Biden’s chief medical adviser said yesterday, “we have not seen a concomitant increase” in hospitalizations. Recent numbers show “almost a vertical increase” in newly identified cases, Anthony Fauci noted on ABC’s This Week. But as “infections become less severe,” he said, “it is much more relevant to focus on the hospitalizations as opposed to the total number of cases.”

Fauci is surely right that focusing on case numbers rather than severe disease is more misleading than ever. But while hospitalizations are a better indicator of severe disease, those numbers also can be misleading, because they include relatively mild cases and people who tested positive for the coronavirus after they were admitted for different reasons.

The evidence so far, including data from the U.K. published last Friday, indicates that the omicron variant, which accounts for an estimated 59 percent of current COVID-19 cases in the U.S., is more contagious but less lethal than the delta variant. And while there is ample reason to worry that the sheer number of COVID-19 cases will overwhelm hospitals, the current situation is far less dire than what we saw last winter.

According to the New York Times database, the seven-day average of newly identified cases in the United States tripled during the last two weeks. Those data surely understate the actual number of infections, since results from rapid home tests are not necessarily reported and (as usual) many people with mild or no symptoms do not get tested at all. But during the same period that reported cases rose by 204 percent, hospitalizations rose by just 35 percent, and deaths declined by 3 percent. The latter development is especially striking because the current surge in U.S. cases began about a month ago.

The seven-day average of daily new cases, according to the Times, was more than 400,000 as of yesterday, which is 61 percent higher than the peak during last winter’s surge. Yet the seven-day average of daily deaths was less than 1,300, compared to 2,600 a year before and more than 3,300 in mid-January 2021. The seven-day average for hospitalizations was about 93,000, compared to about 131,000 a year before and about 138,000 on January 10, 2021.

It is not clear how many of those hospitalizations involved incidental or mild infections, as opposed to life-threatening symptoms. But according to a study of patients admitted to V.A. hospitals in the period from March 1, 2020, to June 30, 2021, the share of admissions involving moderate-to-severe COVID-19 cases fell from 64 percent before vaccines were widely available to 52 percent afterward.

“Routine inpatient screening, common or mandated in many facilities, may identify incidental cases,” the researchers noted. “If hospitalizations are used as a metric for policy decision-making, patients hospitalized for the management of COVID-19 disease should be distinguished from patients who are hospitalized and incidentally found to be infected with SARS-CoV-2.”

Chris Hopson, CEO of NHS Providers, which represents British health care workers, made a similar point in a Twitter thread last week. Here is how he summarized his conversations with the heads of the trusts that oversee British hospitals: “What’s very interesting is how many are talking about [the] number of asymptomatic patients being admitted to hospital for other reasons and then testing positive for Covid. Some are describing this as ‘incidental Covid.'” Hopson wrote that hospitals are “not, at [the] moment, reporting large numbers of patients with severe Covid type respiratory problems needing critical care.”

Studies of pediatric admissions also have found that mild or incidental cases accounted for a large share of so-called COVID-19 hospitalizations. In one study, two-fifths of admissions to a California children’s hospital from May 10, 2020, to February 10, 2021, involved patients who were asymptomatic. One-fifth involved “severe” or “critical” cases.

In another study, 40 percent of COVID-positive pediatric patients admitted in the period from May 1, 2020, to September 30, 2020, had “incidental infection,” 47 percent were “potentially symptomatic,” and the rest were “significantly symptomatic.” In this age group, the researchers reported, “most hospitalized patients who test positive for SARS-CoV-2 are asymptomatic or have a reason for hospitalization other than coronavirus disease 2019.”

While pediatric admissions are rising during the current surge, the Times reported last week, “doctors and researchers said they were not seeing evidence that Omicron was more threatening to children.” To the contrary, “preliminary data suggests that compared with the Delta variant, Omicron appears to be causing milder illness in children, similar to early findings for adults.”

Those early findings include studies from South Africa and Scotland that found omicron was less likely than other variants to cause life-threatening symptoms. Between October 1 and December 6, according to the South African study, COVID-19 patients infected by omicron were 80 percent less likely to be hospitalized than patients infected by other variants. The same study found that patients infected by the omicron variant who were admitted to hospitals this fall were 70 percent less likely to develop severe disease than patients infected by the delta variant who were hospitalized between April and November. According to the Scottish study, “Omicron is associated with a two-thirds reduction in the risk of COVID-19 hospitalisation when compared to Delta.”

A report that the U.K. Health Security Agency released on Friday reinforces those findings. According to a study of hospital patients, “the risk of presentation to emergency care or hospital admission with Omicron was approximately half of that for Delta,” and “the risk of hospital admission from emergency departments with Omicron was approximately one-third of that for Delta.”

That study also found that the risk of hospitalization was 81 percent lower among omicron patients who had received three vaccine doses than it was among unvaccinated omicron patients. A second study looked at symptomatic cases diagnosed in the community. While it confirmed that vaccination was less effective at preventing symptomatic infection by omicron than it was at preventing symptomatic infection by delta, omicron patients who had received three doses were still 68 percent less likely to be hospitalized than unvaccinated omicron patients.

Data from the Centers for Disease Control and Prevention (CDC) indicate that severe cases as a share of “COVID-19-associated hospital admissions” peaked in the spring of 2020. That March, about 38 percent of patients required intensive care and 27 percent needed mechanical ventilation. In-hospital fatalities peaked that April, when 17 percent of admitted COVID-19 patients died. As of September, the most recent month for which the CDC is reporting detailed data, 21 percent of hospitalized COVID-19 patients received intensive care, 11 percent received mechanical ventilation, and 12 percent died in the hospital. Now that omicron is displacing delta and most of the population has been vaccinated and/or acquired some protection as a result of prior infection, the downward trend in severe outcomes as a percentage of admissions is likely to continue.

Even so, the explosion in cases is overwhelming some health care systems, which threatens treatment not only for COVID-19 but also for other potentially deadly medical conditions. Hospitalizations are still rising, which will cause serious problems during the next few weeks. “You’re still going to get a lot of people that are going to be needing hospitalization,” Fauci noted on This Week. “And that’s the reason why we’re concerned about stressing and straining the hospital system.”

But as Fauci also noted, it seems likely that “this thing will peak after a period of a few weeks and turn around.” That is what happened in South Africa, where the omicron variant was first identified in November. The seven-day average of daily new cases in South Africa exploded from mid-November to December 18 but has fallen sharply since then. “They had a major surge,” Fauci noted, “but as quickly as the surge went up, it turned around.” And as in the United States and the U.K., the increase in deaths, which even at their peak remained far below the numbers reported last January, was much smaller than the increase in cases.

“The emerging evidence suggests that Omicron really is milder than earlier versions of this coronavirus (either because of intrinsic biological reasons or because of higher levels of population immunity),” David Leonhardt and Ashley Wu write in the Times. “In South Africa and England, as well as New York, San Francisco and other parts of the U.S., hospitalization numbers are lower than doctors had feared.”

Leonhardt and Wu suggest that “when the current surge begins receding, it will likely have left a couple of silver linings.” They note that omicron’s high transmissibility will increase natural immunity. Research in South Africa suggests that omicron infection dramatically boosts resistance to delta, which is especially good news because it seems the latter variant is more likely to cause severe disease. Omicron “has also helped focus Americans on the importance of booster shots, further increasing immunity,” Leonhardt and Wu say. They add that new COVID-19 treatments from Pfizer and Merck “lower the risk of hospitalization and death” by as much as 90 percent.

In short, Leonhardt and Wu say, “the U.S. could emerge from the Omicron wave significantly closer to the only plausible long-term future for Covid—one in which it becomes an endemic disease and a more normal part of daily life.” While “it will still cause illness and death,” COVID-19 as an endemic disease “does not need to dominate life the way a pandemic does,” they note. “If the U.S. reaches that point in 2022—as appears likely—the next New Year will feel a lot more satisfying than this one.”

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El Salvador President Nayib Bukele Predicts Two More Countries Will Make Bitcoin Legal Tender In 2022

El Salvador President Nayib Bukele Predicts Two More Countries Will Make Bitcoin Legal Tender In 2022

Authored by ‘NIK’ via BitcoinMagazine.com,

On New Year’s Day 2022, El Salvador President Nayib Bukele tweeted out his predictions for Bitcoin this upcoming year, making some very bold bets.

Seemingly the biggest prediction out of the six he made is that “2 more countries will adopt it as legal tender.”

El Salvador became the first country to make BTC legal tender on September 7, 2021, sparking a revolution that caught the attention of many other world leaders. This is a very interesting prediction especially after El Salvador’s ambassador to the United States Milena Mayorga said that if successful in their country, other countries “will follow” in Bitcoin adoption.

Bitcoin “will become a major electoral issue in US elections this year,” he said.

The discussion around Bitcoin in the United States amongst politicians has really heated up over the past year. Many politicians such as 2020 Democratic presidential candidate Andrew Yang, alongside Republican senators Cynthia Lummis and Warren Davidson showed their support for the asset class. Whilst other U.S. politicians have expressed their concerns about the topic. Like senator Elizabeth Warren for example, who thinks it only benefits the wealthy. It will be very interesting to see how Bitcoin regulation unfolds in America as more politicians educate themselves on the matter.

The construction of “Bitcoin City will commence,” the president claimed.

The announcement of this Bitcoiner’s paradise came at the end of Bitcoin week in El Salvador, hosting two BTC-focused conferences LaBitConf and Adopting Bitcoin. The announced plans for the city claims it will have 0% income, capital gains, property, payroll, and municipal taxes, as well as 0% CO2 emissions.

Adding to that, he also predicted that their Bitcoin bonds, which will be issued on Blockstream’s Liquid Network, “will be oversubscribed.”

President Bukele is betting that bitcoin will finally hit the long-awaited goal of $100,000 per coin. That price target seemed to be many people’s prediction for 2021 but ultimately fell short at an all-time high of $69,010 per Clark Moody Dashboard.

Lastly, he claimed there will be a “huge surprise” at Bitcoin 2022 conference in Miami, Florida this upcoming April. Last summer, Bukele, with the help of Strike CEO Jack Mallers, announced that he was sending a bill to congress to make bitcoin legal tender in El Salvador. One can only guess what announcement he has up his sleeve for this year’s conference, where he will be attending in person.

Following up with a secondary tweet, the President said “This tweet will age well.” It seems Bukele has a sense of certainty in his predictions, but we will have to wait and see when and if they all come true this year.

Tyler Durden
Mon, 01/03/2022 – 13:59

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

Apple Tops $3 Trillion Market Cap, Bigger Than Britain’s GDP

Apple Tops $3 Trillion Market Cap, Bigger Than Britain’s GDP

Apple first topped the $1 trillion market cap level in August 2018. It wasn’t until September 2019 that  it retook the trillion-dollar market and began accelerating.

The March 2020 COVID collapse wiped half a trillion dollars off the company’s value – back to the magic $1 trillion level – before Fed largesse ripped the company to $2 trillion in August 2020 (a double from the March 2020 lows).

And now, Tim Cook sits atop the world’s largest company with a $3 trillion market cap…

The iPhone maker’s share price has surged throughout 2021, leaving it up more than 200% since COVID first sent the world into lockdown early last year.

That is bigger than the GDP of UK, France, and India and closing in on Germany’s economic output.

How did we get here? Goldman has one driver:

If I allocate $1 into the SPY ETF: This is what happens – 6.3 cents to MSFT, 6 cents to AAPL, 4.4 cents to GOOG/L, 4 cents to AMZN, 2 cents to TSLA, 2 cents to FB/MVRS, 25 cents every $1 Equity Allocation goes into these 6 stocks.

If I allocate $1 into the QQQ ETF: This is what happens – 11 cents to AAPL, 11 cents to MSFT, 8 cents to GOOG/L, 8 cents to AMZN, 6 cents to TSLA, 4 cents to FB/MVRS, 48 cents every $1 Spicy Growth Equity Allocation goes into these 6 stocks.

The magic price was $182.86 (based on the latest filings shares outstanding)…

All this market cap means Cook can throw more money at Beijing officials and keep that dream alive (until Xi decides otherwise).

Tyler Durden
Mon, 01/03/2022 – 13:45

via ZeroHedge News https://ift.tt/34ibqtU Tyler Durden

My Beta Shepherd Website List of “The Best Books on Migration Rights and Democracy”


Statue of Liberty 3
The Statue of Liberty.

 

The Beta Shepherd website – which features authors’ recommendations of books on topics related to issues they have written on themselves – just posted my list of the “Best Books on Migration Rights and Democracy.” It includes excellent works by Joseph Carens, Bryan Caplan, Alex Nowrasteh and Ben Powell, David Miller, and Sarah Song. The first three are books I mostly agree with, while the latter two are ones I mostly don’t. I deliberately chose books that cover a wide range of issues and viewpoints related to the topic.

I was invited to write this piece because of my own recent book on the topic, Free to Move: Foot Voting, Migration, and Political Freedom. All of the books listed above have influenced my own thinking on these issues – even (perhaps especially) in cases where I reject their conclusions.

 

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Gartman: No Question Stocks Will Drop 10-15% This Year When The Bear Market Hits

Gartman: No Question Stocks Will Drop 10-15% This Year When The Bear Market Hits

For a while, things looked shaky: after exploding higher out of the gate, stocks swooned lower and for a few minutes, the S&P was even red for the year. But then the levitation returned right on schedule the moment algos heard of the most bullish market catalyst known to man: Dennis Gartman had doubled down on his bearishness.

As a reminder, the most recent Gartman appearance on these pages sparked a furious rally after the iconic contrarian indicator said on the morning of Monday, Dec 6 that “stocks are headed lower” and that a “bear market is required at this point.” Stocks have soared higher since and hit a new all time high on Dec 30.

So fast forward to today when just as algos were starting to lose in the market’s latest ramp, and that the all time high at 4,800 would be overcome any time soon, they got an unexpected tailwind when speaking on Bloomberg radio, Dennis Gartman said the most bullish thing imaginable: the “commodity guru” said that stocks could face a “slow, laborious” decline in 2022 as a result of a more hawkish Federal Reserve that may raise interest rates four times. The moment the interview hit is when stocks bottomed for the day.

Gartman, who is somehow also the University of Akron Endowment Chairman said that stocks could trade 10% to 15% lower this year. While Gartman has long been calling for a bear market, he said the catalyst for the decline could be the central bank raising interest rates amid a continued rise in inflation.

“The advent of a bear market will come when the Fed begins to tighten monetary policy, and that will be later this year. No question,” said Gartman, who formerly published the influential “The Gartman Letter.”

While most of Wall Street is forecasting that the Fed will raise rates three times in 2022, Gartman expects a more aggressive approach in part because of newly appointed members who tilt hawkish. He also said one hike could be as much as 50 basis points and the benchmark overnight rate could jump at least 100 basis points from current levels by the end of the year. Of course, none of that will ever happen because by mid-2022 the CPI base effect will have passed, the economy will be in freefall, and Biden will realize that a strong stock market is all he has left going into the midterms so he would truly have to be demented to also push for a market crash as well.

But the clearest signal that stocks will continue ramping higher was Gartman’s bearishness itself: as have have documented several thousand times, Gartman’s record of calling out contrarian inflection points (i.e., being wrong) is 100% and… yes, our condolences to the bears, but this sucker is going higher.

The irony of continuing to call for a bear market as he has been proven wrong time and time and time again was not lost on Dennis: he admitted he’s been wrong for the past six months to call for a bear market. As the chairman of the University of Akron endowment, he reduced equity exposure by 10% to assure the foundation has ample spending money, but he said the risk in this strategy is that they miss out on further gains. 

“I think it’ll be a slow, laborious decline in prices, not a crash of any sort of any substance,” said Gartman. “So it’s a matter of being less involved in the market. Going to the sidelines in a quiet and reasonable manner I think is the proper way to trade for the next year or two.”

Translation: the meltup will continue, and we will keep on hitting new all time highs until Gartman turns bullish.

Tyler Durden
Mon, 01/03/2022 – 13:21

via ZeroHedge News https://ift.tt/3mRLtI9 Tyler Durden

My Beta Shepherd Website List of “The Best Books on Migration Rights and Democracy”


Statue of Liberty 3
The Statue of Liberty.

 

The Beta Shepherd website – which features authors’ recommendations of books on topics related to issues they have written on themselves – just posted my list of the “Best Books on Migration Rights and Democracy.” It includes excellent works by Joseph Carens, Bryan Caplan, Alex Nowrasteh and Ben Powell, David Miller, and Sarah Song. The first three are books I mostly agree with, while the latter two are ones I mostly don’t. I deliberately chose books that cover a wide range of issues and viewpoints related to the topic.

I was invited to write this piece because of my own recent book on the topic, Free to Move: Foot Voting, Migration, and Political Freedom. All of the books listed above have influenced my own thinking on these issues – even (perhaps especially) in cases where I reject their conclusions.

 

The post My Beta Shepherd Website List of "The Best Books on Migration Rights and Democracy" appeared first on Reason.com.

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