Kids toys have the battery cover screwed in. Why not TV remotes.
—30—
Kids toys have the battery cover screwed in. Why not TV remotes.
—30—
https://www.seattletimes.com/opinion/editorials/was-momentous-new-gun-laws-draw-a-line/
Editorials
WA’s momentous new gun laws draw a line
April 20, 2023 at 3:06 pm
*** begin quote ***
That pivot has been driven by the need to do something in response to massacres across this country that are plowing down children and other innocents every week. The vast majority involve legally purchased semi-automatic weapons.
On Wednesday, officials put their final touches on a law banning the sale, manufacture and distribution of assault rifles, a move that looked inconceivable just 15 years ago. The frenzy of last-minute dickering over the new law, SHB 1240, is a sign of its import.
*** and ***
These laws cannot guarantee that all citizens will be safe from indiscriminate slaughter. But they do draw a line, indicating where the bulk of this state’s electorate — who put a gun-control majority into office — stands now.
The Seattle Times editorial board members are editorial page editor Kate Riley, Frank A. Blethen, Alex Fryer, Claudia Rowe, Carlton Winfrey and William K. Blethen (emeritus).
*** end quote ***
This liberal State has just crossed a very interesting line.
First, as usual and expected, it fails to realize that there is no such classification as an “assault rifle”. Pushing that to the side, the “editorial” concedes the “vast majority involve legally purchased semi-automatic weapons”. This law will do nothing to eliminate the “gun free zones” that crazy people, who are not stupid, seek out for their sick rampage.
Second, whenever a dictator takes over a country, the first thing that they do is disarm the people. Ask the German Jews how well that worked out for them. Then go to Russia, Communist China, Cambodia, and various places in Africa for further evidence.
Finally, these is that little objection about Constitutionality. SCOTUS has made it very clear that the RKBA is a fundamental human right. The current doctrine of “incorporation”, means the States are bound to observe the Second Amendment, And, no amount of wishing can wish it away.
So, the TL;DR summary is a piece of feel good ineffectual legislation will generate a ton of costs and legal fees for no effect.
—30—
Hitler’s revenge: Unseen photos published to mark Warsaw Ghetto Uprising’s 80th anniversary show the Nazis’ brutality as they crushed Jewish resistance fighters’ bid to stop families being taken to death camps
By Ed Wight and Harry Howard, History Correspondent
Published: 04:40 EDT, 19 April 2023 | Updated: 04:44 EDT, 19 April 2023
*** begin quote ***
As plumes of smoke spew from behind the ghetto wall, well-dressed Germans watch on, willingly indifferent to the atrocities being carried out on the other side.
Another photo shows a group standing beside a playground in Nazi-occupied Warsaw as burning buildings from the Jewish ghetto are engulfed in flames and billowing smoke.
A third shows women and children being rounded up as soldiers stand by with rifles, ensuring they do not cause any trouble.
*** end quote ***
I don’t understand. Even the flat-earthers have at least an understandable belief system — close up the horizon looks flat. I don’t understand how the these befuddled fools can have any principle to stand on. One can only hope that they get worse ridicule that the flat-earthers who are harmlessly just wrong; these other people are sick dangerous.
imho
—30—
Kennedy’s supporters and his wife were present for the launch of his long-shot bid to dethrone Biden
— Read on nypost.com/2023/04/20/so-many-hot-milfs-inside-rfk-jrs-white-house-bid-launch/
What is it in the Kennedy mystic that gets this reaction?
—30—
What is it the Kennedy
https://nypost.com/2023/04/18/new-video-shows-man-hit-nypd-cop-with-bottle-in-broad-daylight-attack/
New video shows suspect with 11 prior arrests hit NYPD cop with bottle in broad daylight attack
By Amanda Woods — April 18, 2023 10:06am
*** begin quote ***
He then charges at her and swings at another cop standing next to her before he is taken to the ground by that officer and at least one other person, the footage shows.
Garcia, of Kingsbridge Heights, was arrested and charged with assault, obstruction of governmental administration, resisting arrest, menacing, criminal possession of a weapon, and harassment, police said.
He has 11 previous arrests, law enforcement sources said.
*** end quote ***
Sorry, but NYC is officially out of control.
I can somewhat see a low bail or ORO for a minor charge; second and subsequent arrests are REMAND!
Absurd to allow this lawlessness to go unpunished.
—30—
‘Don’t demonize them’: Chicago’s new mayor-elect says it’s ‘not constructive’ to vilify group of rowdy teens that torched cars in rampage organized on social media – but condemned the chaotic takeover
By Hope Sloop and Vanessa Serna and James Gordon For Dailymail.com
Published: 01:33 EDT, 17 April 2023 | Updated: 08:04 EDT, 17 April 2023
*** begin quote ***
Chicago’s mayor-elect says the city should not demonize the teens who organized a ‘Teen Takeover’ of the Loop over the weekend, even after the event turned violent with cars burnt cars and minors shot. Brandon Johnson, 47, said Sunday he does not ‘condone the destructive activity’ and that it’s ‘unacceptable and has no place’ in Chicago, but that it should not be used as a way to vilify the group. ‘However, it is not constructive to demonize youth who have otherwise been starved of opportunities in their own communities,’ said Johnson, a progressive Democrat. Shocking footage showed some teenagers jumping on top of a bus while others started a massive brawl after descending on Millennium Park and attempting to breach barricades. Gunshots rang out with some rounds striking two teenage boys aged 16 and 17. Cars were also left vandalized near East Washington Street in the Windy City, including a Tesla which is worth about $120,000.
*** end quote ***
Sorry, but I disagree. This is behavior that should be demonized and punished severely.
These were criminals and thugs rioting.
“Law and Order” is a joke in these Democratic cities.
—30—
UPDATE
But for a Good Samaritan, this couple could have been killed and the police obviously weren’t interested in helping.
—30—
Preparing for Charles’s big day: The Household Cavalry make their way down procession route outside Buckingham Palace as they take part in rehearsals for the King’s historic coronation next month
By Elly Blake
Published: 09:44 EDT, 17 April 2023 | Updated: 09:52 EDT, 17 April 2023
*** begin quote ***
Preparations are well and truly under way for King Charles’s coronation as rehearsals took place outside Buckingham Palace today.
Members of the Household Cavalry Mounted Regiment, who carry out ceremonial duties for the two most senior regiments in the Army, paraded down The Mall ahead of the historic ceremony on May 6.
Hundreds of thousands of people are expected to line the streets of central London for the King’s coronation, the first since the late Queen Elizabeth II’s seven decades ago.
*** end quote ***
Some see pageantry and history. I see stolen money conspicuously wasted. The cast of bureaucrats on horses is Taxpayer money parasitically taken from the middle calls, poor, and the fixed income serfs.
Argh!
At least they’ll get to see a “free” show. And, I bet not one person thinks of the resources wasted.
Sigh!
Sadly.
—30—
Strike at Rutgers University Ends After a Deal is Reached
Posted by Mike LaChance Sunday, April 16, 2023 at 11:30am
*** begin quote ***
The new deal will increase salaries for full-time faculty and New Jersey Educational Opportunity Fund counselors by at least 14% by the summer of 2025, according to a statement from the university’s President, Jonathan Holloway. It will also increase the per-credit salary rate for part-time lecturers by 43.8% and the minimum salary for postdoctoral fellows and associates by 27.9%, both over a four-year contract, as well as enhance the wages of teaching and graduate assistants and provide them with multi-year university support, according to a statement from the university’s President, Jonathan Holloway.
“Most important, closure on this framework will allow our 67,000 students to resume their studies and pursue their academic degrees,” Holloway said. “Nothing we do is as important as living up to the expectations that our students and their families have of us to be fully supportive of them and nurturing of their academic ambitions and dreams.”
*** end quote ***
And where do all these per cents come from?
Argh!
I am for the Separation of Rutgers and the Pepuls Republik of Nu Jerzee!
—30—
https://tippinsights.com/bidenflation-rises-to-14-8-hurting-americans/
Economy — Opinion
Bidenflation Rises To 14.8%, Hurting Americans
tippinsights Editorial Board
April 14, 2023 . 10:48 AM
*** begin quote ***
But few media outlets provided context, partly because doing so would shed the Biden administration in a terrible light. So, we are happy to oblige and fill in the gaps.
The CPI inflation rate measures how much more expensive things are getting over time. The government calculates the increase in the CPI rate over 12 months, so the base for March 2023 is March 2022, and for February 2023 is February 2022.
In March 2023, the CPI index was 301.836, 5.0% higher than its base of 287.504 for March 2022. And in February 2023, the CPI index was 300.840, 6.0% higher than its base of 283.716 for February 2022.
Between February 2022 and March 2022, the base increased sharply by 3.788 points or 1.34%. Even though the CPI index increased by 0.33% between February and March 2023, the headline CPI rate dropped from 6.0% to 5.0% because of the “base effect.”
In other words, the rate seemed lower than it actually was because the base was higher in March 2022. Things were getting more expensive but more expensive at a slower rate than the previous year. Only in Washington is this good news.
*** end quote ***
Just go back in my blog and search for “penny candy”, “three silver dimes”, and the “twenty dollar gold piece that was an ounce of gold”.
Inflation makes each other dollar worth less. Since the 60’s, the dollar has lost 90+% of its purchasing power. My sainted father in law put a fifty dollar bill in his wallet when he got married and was secure that he could pay his rent and feed his family for a month with that. Sure, now it might buy two movie tickets and some popcorn but not much else.
How stupid are “We, The Sheeple” that we don’t see the Gooferment politicians and bureaucrats robbing us blind like the parasites that they are?
—30—
Road runner! Hilarious video shows escaped EMU leading Tennessee police on 20 mile chase at speeds of up to 40mph after breaking free of his enclosure
By Kamal Sultan For Dailymail.Com
Published: 09:20 EDT, 15 April 2023 | Updated: 09:37 EDT, 15 April 2023
# – # – # – # – #
If you answered more than 7 feet, you’re right.
MeeMoo’s next challenge is 9 feet. Anyone giving odds it can do it?
Remember “Now ladies, I’ll share some advice that I picked up from a tattooed lady in a bar on Second Avenue late one Saturday night at closing time. She said ‘Sonny, if a man wants to bet you that he can have the Jack of Spades jump out of that deck of cards there on the bar there and it will piss in your ear, be prepared to have a wet ear.’ Sorry, that’s the whole and literal truth. My betrothed made me promise to tell the whole exact truth.” — character “John” in CHURCH 10●19●62 Volume 1 Page 234
Laugh!
—30—
The Supreme Court ruled Maine couldn’t prevent parents from using school choice funds at religious schools, but the state is back at it again.
— Read on www.dailysignal.com/2023/04/05/supreme-court-tells-maine-to-stop-discriminating-against-religious-schools-maine-does-it-anyway/
Seems like it is up to voters in Maine to “enforce” the “will of the people”!
—30—
https://bitcoinmagazine.com/business/what-happens-when-walmart-buys-1-billion-of-bitcoin
What Happens When Walmart Buys $1 Billion Of Bitcoin?
Clancy Rodgers — Mar 29, 2021
*** begin quote ***
MicroStrategy, Square and Coinbase are multimillion-dollar companies traded on NASDAQ with big bitcoin bags, but the everyday American could care less. Ask your average Joe how he feels about Michael Saylor’s MicroStrategy purchasing of 91,326 bitcoins and you’ll probably get a “What is Bitcorn?” and “Michael who?”
Walmart, on the other hand, is a different story because it’s the epitome of working class America. Built off the back of America’s mom and pop, it is now the world’s largest company by revenue raking in $548 billion in 2020. When Walmart adds $1 billion of bitcoin to its balance sheet, you’ll have that same average Joe’s full attention. It will create the ultimate exposure for Bitcoin to blue collar Americans and trigger a global monetary paradigm shift that is long overdue.
As Walmart’s tentacles reach into 24 countries, a Bitcoin tidal wave will blast through its world of ecommerce and brick-and-mortar retail operations. Walmart sources products from more than 100 countries, bringing globalization to Middle America. Instead of having to deal with complex currency conversions with global suppliers, Walmart will accept bitcoin, which will negate the headache of dealing with dozens of fiat currencies. This will simplify accounting and streamline operations. With no middleman bankers pirating off of transactions, the only thing separating Walmart from its global partners will be oceans (if the miners don’t boil them first).
*** end quote ***
I see this as a great SET of “use cases” for WalMart.
Remember: Wal-Mart Stores abruptly abandoned those plans for its own bank, withdrawing its application to obtain a special banking charter after a firestorm of criticism from lawmakers, banking industry officials and watchdog groups.Mar 17, 2007.
I’m sure that the Banking Industrial Complex used all their political power to block this 800# elephant from entering the competitive area. Probably more than the BIC (Banking Industrial Complex), everyone else with a vest interest piled on. What would Wall Street, Credit Unions, Western Union (and all the other funds transfer agencies), Amazon, Target, and the grifter politicians and bureaucrats do if WalMart literally swept up all the unbanked and all the little people’s bank accounts. Profit margins if any would be cut to zero as WalMart ties in its bank with its stores.
So now imagine that WalMart adopts bitcoin and see its use cases: (1) funds transfer from its international subsidiaries become cost free; (2) pay suppliers with bitcoin (free and fast); (3) Buy and sell bitcoins for U$D (dollars) globally; (4) avoid all sorts of onerous financial regulations, taxes, and fees.
It would be a real hoot to see all the politicians and bureaucrats around the globe running around with their hair on fire.
And, in addition to a big win for WalMart, the little people all over the world could avoid the hidden taxation of earnings and savings that fiat currencies enable.
I’d love it.
—30—
PERSONAL GRIPE
Visit a patient in Saint Peter’s University Hospital. Their parking machine cheated me out of 5$ in my change.
Had to wait for parking supervisor. 20 minutes. Argh! (Seems like it happens a lot from what the fellow said.)
My fault for not giving it eight quarters. Argh!
Just infuriates me. Technology is just supposed to work and make our lives easier. Instead it gave me a 15 minute child-like style time out. Argh! Argh!
The Universe was telling me to relax?
# – # – # – # – #
P.S.: Hey Hospital, have you heard that masks don’t work? https://health.clevelandclinic.org/can-wearing-a-mask-make-you-sick/ They actually can give you some problems!
Argh!
—30—
r/MaliciousCompliance
•Posted by
u/NIHscientist
16 hours ago
Manufacturers add sesame flour to avoid cleaning – compliance with labeling laws
*** begin quote ***
This obviously is not my story, but this definitely falls in the spirit of malicious compliance. Last year, President Biden signed the The Food Allergy Safety, Treatment, Education and Research (Faster) Act, which was intended to improve product labeling and cleaning around allergens. However, rather than clean better and safeguard against sesame cross-contamination, many manufacturers have started adding sesame flour deliberately into products that were previously sesame free. This relieves them of the burden of meticulous cleaning since the product is now clearly labeled as containing sesame. Malicious (corporate) compliance. Source: https://www.washingtonpost.com/wellness/2023/04/11/sesame-allergy-law-consequences/
*** end quote ***
Sure, pass a law, but don’t bother to worry about the Unintended Consequences!
Argh!
—30—
American News Apr 8, 2023
Chico school board upholds ‘parental secrecy policy’ regarding students’ gender identity
Sara Higdon
*** begin quote ***
Wednesday evening the Chico Unified School Board in Chico, California voted 3-2 in favor of schools having the ability to keep secrets from parents. The board agreed to keep their current policy, which directs staff to not reveal a child’s gender identity to parents, it instead allows a child to determine when the school is allowed to tell parents about a change in their gender identity.
According to a report from Fox News, the policy, called the “parental secrecy policy” by the school board, came up for a vote after the Center for American Liberty filed a lawsuit against the school district. The lawsuit was brought on behalf of Aurora Regino who told her story to the school board before the vote. The suit alleges that a school guidance counselor in the district helped Region’s 11-year old daughter transition without her knowledge or consent.
*** end quote ***
Where does the Gooferment Skrule get off shoving the parents out of control that child?
At some point, when will “We, The Sheeple” wake up to this insidious conspiracy.
—30—
The most JAW-DROPPING family secrets exposed by at-home DNA tests – from an only child who discovered he had 30 siblings to woman whose dad was swapped a birth
By Helena Kelly For Dailymail.Com
Published: 12:49 EDT, 9 April 2023 | Updated: 12:53 EDT, 9 April 2023
*** begin quote ***
‘Rare condition meant I wasn’t related to the children I birthed’
Single mother Lydia Fairchild was 26, unemployed and looking for state support in 2002 when she was asked to take a DNA test to prove her family was all related.
But the results suggested Fairchild had no genetic link to the two children she had birthed – prompting alarm from social services.
‘I knew that I carried them, and I knew that I delivered them. There was no doubt in my mind,’ Fairchild, from Washington, said at the time.
She gave birth for a third time and again DNA tests said she was not related to the newborn – despite carrying it for nine months.
It later transpired the mismatch was due to an ultra-rare condition called ‘chimerism.’
It meant she had technically been a twin in the womb but the other embryo died early on meaning she ‘absorbed’ her sibling’s cells.
The condition meant she had two cell lines – with only one matching that of her children.
Her case was relayed in the 2006 documentary ‘The twin inside me.’
*** end quote ***
Why would this poor woman have to “prove” that her children were “hers” to the Gooferment?
This sounds like the identical twins dilemma that TV and Movies like to dramatize.
Makes these DNA “quite revealing”; not always for the better.
—30—
https://www.americanthinker.com/articles/2023/04/leftism_and_the_minions_of_satan.html
April 7, 2023
Leftism and the Minions of Satan
By Nancy Van Deest
*** begin quote ***
With Holy Week upon us, it is time for Christians to stop relinquishing our beliefs out of fear from retribution and vitriol. Instead, put on the full armor of God to stand firm against the deteriorating culture, understanding that the more we voice God’s truths to counter their lies, the greater their inner demons will scream, expecting to stop God. But do not yield. Instead, offer God’s message of salvation, hoping it will plant a seed and move them toward God and away from Satan. However, prudently realize that at some point, God gives Satan’s unrepentant followers over to their depraved minds.
Given Satan’s growing influence on American leaders and the dangers they pose, Christians should be encouraged by David, who picked up a stone to defeat Goliath. His faith in God against overwhelming odds gives proof that God goes before us as our champion. While God may not spare us from the effects of the storm, with God in the lead, we can stand confidently upon His truths and hold firm to our God-given rights against a godless government. At the same time, we should warn those seeking unholy power, “For what does it profit a man to gain the whole world and forfeit his soul?”
*** end quote ***
It’s a sad end that the American Experiment seems to be ending with a quick sinking into bankruptcy, perversion, and crime.
I’ve ofter railed about how the “King” wants to destroy the “Church” as an alternative authority. Pedophilia in the Catholic Church was allowed to continue and thus erode any claim to “moral authority”.
So too, the Gooferment was allowed to undermine thrift, self-reliance, and a sense of community with welfare paid for by future generations. Get everyone on some sort of dole to enhance the “King” (i.e., politicians and bureaucrats).
Decadence used to be shamed and hidden mostly in Hollywood has now become front page “news”.
As the few good people man the battlements, let’s go down if we must. But go down fighting to the last soul speaking the truth to the Powerful and their befuddled troops.
When it comes time to pick up the pieces, those recording history will say “this was their finest hour”.
Just say no to everything that goes against the Spirit.
—30—
Moment two men are charged by huge MOOSE in Montana after taunting the beast and ignoring warnings: Local brands them ‘the dumbest people I’ve ever met in my life’
By Neirin Gray Desai For Dailymail.Com
Published: 12:21 EDT, 4 April 2023 | Updated: 17:52 EDT, 4 April 2023
# – # – # – # – #
The article doesn’t report if the fools were hurt. I’d give them no sympathy if they were. I hope the moose will forgive all the other humans who wouldn’t think of bothering them for no apparent reason. Argh!
—30—
French backpacker sparks debate after saving $15,000 in three months on WA farm
Chantelle Francis
March 15, 2023 – 4:43PM
# – # – # – # – #
Bill Buran from Facebook commented:
*** begin quote ***
I met a German fellow who worked at a bar during the summer season in Austrália. I’ve said it before, Austrália has what I think is the best model regarding immigration. They have a 6 month work visa specific to industries that have work shortages or Australians simply don’t want to do. Like agro, hospitality, construction. The visa process is simple, can apply online and print it at home or even acquire at port of entry. You receive a temp tax ID number as well for your employer. It resolves illegal workers and ensures the State collects its taxes. If your one of those that constantly complains that “I’m for immigration as long as its legal” well here is your answer.
*** end quote ***
Seems like a great idea for here in the USA.
No?
—30—
IRS Agents Visited Twitter Files Journalist Matt Taibbi’s House the Day of His Congressional Testimony
Posted by Mary Chastain Tuesday, March 28, 2023 at 07:00am
*** begin quote ***
House Judiciary Chairman Jim Jordan wants IRS Commissioner Daniel Werfel and Treasury Secretary Janet Yellen to explain why IRS agents visited Matt Taibbi’s house.
This isn’t just out of nowhere. After all, Taibbi released the Twitter Files and testified about the findings to the Select Subcommittee on the Weaponization of the Federal Government.
The agents just happened to visit Taibbi’s house on the day he testified.
*** end quote ***
Wow, “just so happens”?
Even that is an understatement.
The House should summon those agents to testify. How quick do you think they will invoke the Nuremberg Defense? Or maybe “executive privilege”!
Argh!
—30—
https://www.thegreenhead.com/2023/03/tineco-toasty-one-smart-toaster-with-touchscreen.php
Tineco Toasty One Smart Toaster with Touchscreen
Appliances | March 28, 2023
*** begin quote ***
This cool new Tineco Toasty One Smart Toaster is a futuristic smart toaster with a touchscreen that allows you to customize the toasting process of two different slices of bread at the same time for personalized perfection. It features a large four inch touchscreen on the side for choosing shade, crispiness, and toasting modes (smart, fresh, reheat, and frozen) for each slot in the toaster, automatically lowers and raises the bread, has an IntelliHeat algorithm that detects the state of the toast and automatically adjusts heating performance, displays a fun visual progress indicator, alerts you when it’s time to empty the crumb tray (when’s the last time you remembered to do that?), has 8 custom preference save options, and has sturdy stainless steel constructed wrapped in an elegant ivory-white porcelain finish that just looks super cool on the countertop. Best of all, after engaging with all of this modern, state-of-the-art toasting technology, in the end you get toast that is golden and crispy on the outside, light and airy on the inside, and toasted just the way you like it, every single time.
*** end quote ***
What no app to allow you to easily program your toast?
I admire that technology has to try stuff but how a 250$ toaster ever got green lighted is quite beyond me.
—30—
https://www.nbcnews.com/id/wbna9666591
Saved from the grave
Mary Jane Burton’s unusual habit of saving samples of the evidence she tested led to the exoneration of three men, years after her death in 1999.
Oct. 16, 2005, 9:16 AM EDT / Source: The Associated Press
By Kristen Gelineau
*** begin quote ***
The forensic scientist cut off the tip of a cotton swab and taped it to a lab sheet next to a snippet of stained clothing.
Always save a piece of what you test, Mary Jane Burton instructed her watchful trainee.
But why? This was 1977, years before the invention of DNA testing. Yet day after day, she repeated this seemingly pointless procedure under the glow of the cramped laboratory’s fluorescent lights — taping swabs smeared with blood, semen and saliva and inserting them into their case files.
The forensic scientist cut off the tip of a cotton swab and taped it to a lab sheet next to a snippet of stained clothing.
*** and ***
Standard procedure in Virginia was for biological evidence to be returned to the authorities after testing. After a few years, it would be destroyed, except in death penalty cases.
Why Mary Jane Burton insisted on saving such samples is as big a mystery as Burton herself.
Some speculate that Burton had a premonition that science would improve, that the samples she saved would one day prove useful. Her trainee, Deanne Dabbs, recalls a simpler explanation: Burton just liked to have something physical to show to a jury when she testified. Juries like to see what you’ve worked on, Burton told Dabbs in 1977.
*** end quote ***
Why would you EVER destroy evidence?
This SOP guaranteed that justice would be impossible.
So sad, for others.
—30—
https://www.americanthinker.com/articles/2023/03/the_group_the_chinese_communists_fear_the_most.html
March 26, 2023
The Group the Chinese Communists Fear the Most
By Jeffrey Folks
*** begin quote ***
The story of the Chinese government crackdown on Falun Gong is a classic example of totalitarian intolerance of competing ideas, and it involves both propaganda and physical terror. A careful examination of the record proves that the response of the communist Chinese regime is not very different from that of ancient regimes toward their own enslaved peoples. Despite their vast power, totalitarian leaders are fearful and at times even paranoid, as was Stalin, and the flip-side of fear is repression.
*** end quote ***
Seems that this could put the CCP off-balance without the USA firing a shot.
—30—
https://www.zerohedge.com/markets/caution-better-part-valor-again
Caution Is The Better Part Of Valor… Again
by Tyler Durden
Friday, Mar 24, 2023 – 02:25 PM
Authored by Peter Tchir via Academy Securities
*** begin quote ***
I did not like what happened on Wednesday and reiterated that view as stocks were popping yesterday morning. Today, a relatively calm overnight session got spooked as European bank CDS (particularly contracts linked to sub debt) spiked. That continued into the U.S. session until headlines that Treasury Secretary Yellen had convened a FSOC meeting. Maybe something comes out of that meeting, but here are issues that I think resurface once that meeting is done, unless something surprisingly aggressive is done (I don’t expect that).
*** and ***
The “Unrealized” Mark to Market Losses
I remain dumbfounded by some of the duration risk that was obviously taken at, at least, one bank. The sense that I get, from talking to people is more time is being spent on what other issues could be out there?
*** end quote ***
One of the Managing Directors, that I respected from my days on Wall Street, was a real hard ass as a risk manager. I remember hearing many profound and LOUD screaming matches with traders and portfolio managers about “mark to market”. As an IT guy I had heard the term, but didn’t grok (gestalt) it, until I heard some of his rants. (It was hard NOT to hear them screaming.)
His rule was, if someone said something was worth X and he didn’t think so — especially if it was illiquid or had no active market, then he’d offer to put it in their personal portfolio at that value. Otherwise, it was “marked to market” at ZERO. (I really had to laugh when the eventually ended with “why would I want that junk in my personal portfolio?” Followed by the final nail in the coffin: “Why would the Firm want it in theirs at that price?” I think those disagreements could have had tickets to watch that rival WWE matches.)
So, everyone should “market to market” all their assets as if you were a risk manager. And, don’t think that your job is a risk-free asset.
—30—
Note: A good post for April Fool’s Day!
# – # – # – # – #
Tech Gaming
Classic Mystery Board Game Clue Lands in Apple Arcade
Zachary McAuliffe
March 24, 2023 12:23 p.m. PT
*** begin quote ***
Get your magnifying glasses ready because Clue: Hasbro’s Mystery Game Plus, based on the classic board game, arrived on Apple Arcade Friday. If you subscribe to Apple Arcade ($5, £5 or AU$8 a month), you can play this game free of cost, ads or in-app purchases.
Marmalade Game Studios is responsible for bringing the board game to your screen, and this isn’t the first time the studio has brought a board game to digital devices, either. The studio has digitized other classic games, like Monopoly and Battleship, too.
*** end quote ***
I was initially attracted to it. BYAS (But Yet Another Subscription) turns me off BIG TIME!
—30—
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