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Monthly Archives: March 2021
New Reg CF Funding Portals Emerge as Funding Cap is Poised to Jump from $1.07 Million to $5 Million – Crowdfund Insider
Posted: March 16, 2021 at 3:00 am
The number of FINRA regulated funding portals continues to move higher in advance of the increase in the funding cap of Regulation Crowdfunding (Reg CF). On March 15, 2020, it is expected that issuers will be able to raise $5 million using Reg CF a significant increase from its current $1.07 million funding cap. Last year, the Securities and Exchange Commission (SEC) approved a host of updates to the securities crowdfunding ecosystem. You may review all of these changes here. The headline change was enabling issuers to raise $5 million in capital under the Reg CF exemption. This increase has been embraced by both issuers and platforms as smaller firms will now have the opportunity to more easily raise the capital they need instead of the anemic million dollar amount that frequently falls short for a seed round. Platforms are expected to see renewed interest in the exemption and one industry insider predicts that Reg CF funding should top one billion in funding in 2021 due to these changes.
Periodically, Crowdfund Insider reviews the fleet of regulated funding portals, a type of entity created under the JOBS Act of 2012 sort of like a broker-dealer lite. Since Reg CF became actionable (in 2016) the number of funding portals has continued to inch higher. The last time we reviewed the number of funding portals was in December of 2020. At that time there were 62 funding portals, today that number stands at 67 as five more names were added to the roster. Of note, is the fact that two funding portals have long been suspended by FINRA and should really not be included on the list (FINRA perhaps you can remove them?). So in actuality, there are 65 platforms.
The number of former platforms that exited the sector, either by choice or by being encouraged by regulators, stands at 14. It must be pointed out that registered Broker-Dealers may issue securities under Reg CF as well and do not need to be approved as a funding portal.
So who is new?
The Reg CF sector continues to be dominated by a handful of platforms with StartEngine and Wefunder leading with Republic and SeedInvest in the mix. Of course, past success is no guarantee of future performance and the industry is still very much in its formative years. Most platforms offer securities under other exemptions, most importantly Reg A+ and Reg D. Reg A+ also received some attention from the SEC as the funding cap on this mini-IPO type exemption was bumped up from $50 million to $75 million (Tier 2).
Recently, during a crowdfunding discussion on Clubhouse, one prominent industry insider predicted that, over time, the number of funding portals will diminish with a few large platforms emerging as well as a squadron of niche-focused finding a sustainable place. Right now, it is hard to tell how large the market is for early-stage private company investments being pitched to retail investors.
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DAF CF 65 with tuckaway tail lift – Used Truck of the Day – Commercial Motor
Posted: at 2:59 am
Stewarts of Tayside has taken delivery of nine new Volvo FH 500 6x2 Globetrotter XL tractor units. The fresh produce supplier will add the units to its 30-strong fleet of Volvo with one unit being an FH with I-Save which will be close scrutinised for its claimed fuel benefits.
The new trucks, which are both fleet additions and replacements, will operate seven days per week on long-distance refrigerated work covered up to 160,000km per year.
They have been supplied by Volvo Truck and Bus Centre North & Scotland and feature Globetrotter XL cabs with the Drive Plus package that includes full leather seats and fridge/freezer.
Jim Winn, transport manager at Stewarts of Tayside, said: The aftersales support we receive from Volvo is the best weve ever experienced, and why they remain our primary supplier. We get a great level of service from our local dealer and the team always goes above and beyond to look after us. We knew we could rely on them yet again, as we extended and upgraded our fleet.
Weve been looking to cut both our fuel costs and environmental footprint for some time and had heard positive things about the FH with I-Save, explained Winn.
We choose vehicles that are going to be as efficient as possible for our line of work, so were excited to see the impact the I-Save model has. If it lives up to its reputation, then we will look to add more to the fleet the next time we upgrade.
Driver satisfaction is hugely important for us. Our team are big Volvo fans and always commenting on how well they handle. Between the driving experience and the in-cab comfort, were confident our drivers will be really pleased with the latest additions, added Winn.
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DAF CF 65 with tuckaway tail lift - Used Truck of the Day - Commercial Motor
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If Elon Musk makes it to Mars, then what? These are the hurdles for humans who wish to live on the Red Planet – MarketWatch
Posted: at 2:58 am
Elon Musk said in December that hes confident SpaceX will be able to land humans on Mars by 2026. Sadly, there are many obstacles to this ambitious plan, and his dreams of terraforming the Red Planet may not come to fruition in our lifetime.
Here are some of the biggest hurdles:
In 2018, scientists discovered a large source of liquid water almost a mile beneath Mars south polar cap. The lake is 20 kilometers (12.3 miles) wide and contains briny water rich in magnesium, calcium and sodium perchlorate, which keeps it in a liquid state at temperatures of about 200 Kelvin (-73 Celsius).
The reason why this discovery is important is simple: Where theres water, theres life or at least thats how it works on Earth.
To those, including Musk, who hope this water could be used for human consumption, scientists say: Not so fast! They claim that because of the risk of interplanetary contamination, we should not send humans on Mars until we know for sure whether its water contains life or not. We could bring molecules from Earth that could be mistaken for signs of Martian life or, if there is life on the Red Planet, expose it to microbes from Earth.
This would not only make research impossible but could also jeopardize the survival of native microorganisms. Years or even decades of drilling, sample analysis and research need to be undertaken first.
In an earlier tweet and follow-up, Musk said hed like to terraform Mars by bombarding the planets poles with 10,000 nuclear missiles. That would have released trapped carbon dioxide that forms Martian ice caps, thickened the planets atmosphere and increased temperatures.
That plan was short-lived.
The study published not long after the tweet showed that there is not enough CO2 remaining on Mars to provide significant greenhouse warming were the gas to be emplaced into the atmosphere; in addition, most of the CO2 gas in these reservoirs is not accessible and thus cannot be readily mobilized. As a result, we conclude that terraforming Mars is not possible using present-day technology.
Engineer and problem solver that he is, Musk came up with another solution: living in glass domes. (Musk runs SpaceX as well as electric-car maker Tesla TSLA, +2.05%. ) In a tweet in which he detailed this plan, he also said that [t]erraforming will be too slow to be relevant in our lifetime. However, we can establish a human base there in our lifetime. At least a future spacefaring civilization discovering our ruins will be impressed humans got that far.
This sci-fi city under the dome would need to be self-reliant and independent from Earth ships bringing in supplies. To this end, Musk said the colony would need to have 1 million inhabitants and transfer 1 million tons of cargo from Earth. If we take into account that SpaceXs Starship can carry up to 100 people and 150 tons of cargo, it would need to make more than 6,600 roundtrips to transfer all of it. Although this number would significantly decrease at some point due to growth of the colony population and colonists producing their own goods, it is still painfully obvious that Musk will need a bigger ship.
All these problems make the colonization of Mars a scientific and engineering nightmare of gargantuan proportions. However, there is an even greater issue: The economic viability of such a colony, should it ever be established.
John Hickman, a professor of political science at Berry College in Georgia, said in a piece titled The Economic Flaws in Elon Musks Mars Colonization Plans that a colony on Mars would have one huge disadvantage over those on Earth: the lack of a physical commodity worth exporting.
This is a big problem because history has shown that only colonies capable of producing a profitable export commodity manage to survive. These goods are used to kickstart an economic exchange with the mainland, including an influx of migrants eager to start a new life in the new world.
Since Martian products would not be able to compete with Earth-produced goods, the colony would not be able to establish this kind of exchange, which would also dispel any appeal of emigration. The rich, influential and successful a driving force behind every successful colony would not be enticed to move to Mars.
The inability to transfer existing material goods to another place, paired with a small Martian population and incompatible currencies, would cause their wealth and influence to take a substantial hit.
Finally, due to a crippling latency (3 hours and 22 minutes of signal lag), it would be hard for Martians to do business with Earthlings.
Musk has been criticized for his claims, and many colleagues of mine have written scorching pieces without considering that he isnt a scientist but an engineer and a problem solver. He reacts on scientific findings and adjusts his goals and trajectories. Even though these obstacles may seem insurmountable, I am certain Musk already has a plan to work around, or over, them.
I have reached out to him for comment, and if he responds, Ill be happy to update this piece.
Until then, the Red Planet awaits. Let us hope it wont wait for too long.
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Elon Musk Is the Ultimate Villain in the Korean Sci-Fi Film Space Sweepers – TheStranger.com
Posted: at 2:58 am
"I'm hiding from an Elon Musk-like character..." Netflix
The character, a white man named James Sullivan (Richard Armitage), is the CEO of a corporation, UTS, that controls suburbs that orbit the earth. The company has big plans to relocate all of humanity to Mars, which it privately owns. UTS corporation dwarfs Tesla, the future-oriented company owned by the South African-born Elon Musk, the richest man on our earth until mid-Februaryhe goes back and forth with Jeff Bezos for this title.
Directed by Jo Sung-hee, Space Sweepers is set in 2092, maintains a fast pace, includes plot twists and turns that are not always easy to track, features lots of explosions, lots of robots, and that raw examination of capitalist class structures we have come to expect from the best of South Korea's directors (The Housemaid, Piet, Train to Busan, Parasite, and so on).
Indeed, the space sweepers in Space Sweepers are basically space janitors. (Incidentally, according to Wikipedia, the show should really be called Space Victory, as that's the literal translation of the film's Korean title, Seungriho.) The janitors are in the risky business of cleaning the space junk that swirls around earth. They are clearly essential workers, but they are paid peanuts.
And so, on one side we have these broke janitors (mostly POCsAsians, Africans, South Asians), and on the other we have a white CEO, who looks to be in his late 40s but who is, in fact, 152-years-old. The rich die hard.
Aditya Mani Jha of Mint Lounge has this to say about it:
But there is one big difference between Musk and Sullivan. Musk wants humans to move to earth because of a solar catastrophe that will happen millions (if not billions) of years from now. The distance between us and that catastrophe is unlikely to get anyone excited about living on another world with another sky, another sun, another year. Sullivan knows this is the key problem in his commercial plans for the Red Planet. Most humans would just prefer stay on earth. The solution to the obstacle? It cannot be said without a SPOILER ALERT.
To get into the mood of what Sullivan has in mind for earthlings who do not want to become totally privatized Martians, let's read one of the best passages in W. G. Sebald's 1998 book The Rings of Saturn:
Can you feel that? If so, then you will easily see what Sullivan has in store for the only living planet in our solar system. By destroying earth's livability, he can force humans to colonize Mars on the terms of a contract. The problem with earth is that everyone (humans, other animals, and also plants) has a right to it, can still lay claim to it, is still attached to the billions of years that formed its biosphere. The contract can only go so far, earthlings. But the mad dream of capitalism has been the creation of a zone that is much like what Dubai is for foreign workers. A zone where citizenship is replaced by the contract.
This is how Daniel Brook describes the guest-worker system in Dubai in his book, A History of Future Cities:
But there is still worker unrest in Dubai, because Dubai is still on earth, the planet that is shared by every living thing. Mars, on the other hand, can be owned by the CEO who makes it livable. And those who are forced to call it home owe everything to the corporation that bankrolled its livability.
Elon Musk will eventually stop this talk about the sun burning the earth to a crisp in an unimaginably distant future and start siding with Sullivan's view of the Mars colonization problem: The essence of earth is irredeemably anti-capitalist.
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Tales From The Frontlines Of The Woke Revolution – The Federalist
Posted: at 2:57 am
On this episode of The Federalist Radio Hour, DePaul Professor Jason Hill joins Federalist Intern Evita Duffy to discuss the hostility towards free speech and expression in academia, and how to navigate higher education when facing backlash and silencing.
The merging of theradicalism of what was forged in the crucibles of the late 1960sthegoal of those movements that were Marxist and oriented was the cancellationand the abolition of Western civilization and the chickens have come home to roost, Hill said.
Those movements were driven by a complete hatred of America, hatred of capitalism,hatred of achievement. They were, what I call, systemic nihilistic groups. We are seeing the result of that today in the form of cancelculture and the abolition of complete Western civilization, everything that our civilization has stood for. This is a terminal endpoint that were seeing.
Teaching multiple viewpoints is good, according, to Hill, but shutting down the flow of ideas and professors or students abilities to speak their minds is not.
Theres no sin in teaching a multiplicity of ideas left-wingand right-wing, Hill said. But when you criminalize reason when you criminalize logic, and when you penalize your students for offering rejoinders, then there is something very nefarious and evil because the learning process has stopped and youre using your classroom asan indoctrination centerwe must become more vigilant and become watchdogs.
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Who Wants to Be the Next ‘Jeopardy!’ Host: Katie Couric – The Federalist
Posted: at 2:57 am
Last week, Jeopardy! began its run of guest hosts not affiliated with the show. For the first six weeks after longtime host Alex Trebeks death, former champion Ken Jennings hosted the show. Executive producer Mike Richards followed for two weeks, filling in at the last minute after scheduling conflicts precluded Jennings from hosting.
In addition to taking a turn behind the lectern, the guest hosts will all have a chance to earn money for charities of their choice. Jeopardy! will donate the winnings of all contestants for each of the shows they host the amount earned by the winner, plus the $2,000 earned by the second-place contestant and $1,000 earned by the third-place contestant.
First up: Katie Couric the first female ever to host Jeopardy! who pledged her honorarium to Stand Up to Cancer. The cause comes near to Courics heart; she lost her first husband to colon cancer in 1998, and her older sister Emily to pancreatic cancer (which also took Trebeks life) in 2001.
Courics appearance on the Jeopardy! set comes approximately two months after the former network anchor made news of her own and not necessarily in a good way. In an appearance on Bill Mahers show this past January, Couric cheered on the possibility of President Trumps removal from office via a second impeachment, speaking of the need to really almost deprogram these people who have signed up for the cult of Trump. For self-evident reasons, those comments drew controversy from conservatives as condescending and elitist.
Shortly after the January incident, unnamed Jeopardy! sources told Page Six that Courics comments meant she already appears to have ruled herself out of becoming the permanent host of the show. Couric has not apologized for the incident, nor did she address it in any of the first weeks episodes. But the memory lingers, and some conservative groups called for a boycott of her two weeks of episodes.
Beyond the political controversy that went unspoken on-air, Jeopardy! viewers got a sense of the effervescent persona that made Couric a fixture on NBCs Today show for a decade and a half. She started her first episode with a quick and peppy monologue, and the enthusiasm continued from there.
One theme running through the hosts to date: They all seem focused on relating to the contestants. For instance, Couric commented that a sailor luckily buzzed in first on a clue regarding maritime history Im glad you got that one. Jennings and Richards acted similarly during their hosting duties, in a way that Trebek normally did not. On the one hand, this kind of banter slightly slows down the competition, but on the other, it gives the show more personality.
Another theme comes through from watching these episodes: The producers appear to have given the guest hosts supplemental information about certain clues on the board. For instance, after a contestant on Thursdays show responded correctly to a clue about the late celebrity chef James Beard, Couric added a nugget about the onion sandwiches that helped make Beard famous (my producers on Who Wants To Be a Millionaire? called such factual flourishes by the host frills).
Alex Trebek would occasionally interject after clues to add some flourish, distinguish between a correct and incorrect response, or offer a quick quip. But he did so almost effortlessly, either because he knew the material from his knowledge base and research or felt comfortable enough to improvise on the fly (or, more likely, both). The producers are taking steps to maintain that tradition with the guest hosts, but it feels more scripted likely because it is more scripted, and in a way that serves to reinforce Trebeks skill as a host.
Following Courics appearances, celebrity physician Dr. Mehmet Oz and Green Bay Packers quarterback Aaron Rodgers will each take their turns behind the lectern. While Jennings, Richards, and Couric have most of their experience in television, the next two guest hosts come primarily from a background outside the studio the operating room in the case of Dr. Oz, and the gridiron in the case of Rodgers.
How will the non-traditional guest hosts perform when set loose on the Jeopardy! soundstage? Stay tuned.
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Who Wants to Be the Next 'Jeopardy!' Host: Katie Couric - The Federalist
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‘The View’ Co-Host Joy Behar Claims Antifa ‘Doesn’t Even Exist’ – The Federalist
Posted: at 2:57 am
ABCs The View co-host Joy Behar denied the militant left-wing group Antifa existed on Monday.
During a segment on Wisconsin Republican Sen. Ron Johnson claiming he wasnt concerned by rioters who stormed the Capitol at the start of the new year, but might have had they been militant Black Lives Matter or Antifa demonstrators, Behar condemned the Midwestern Republican as worried about racist fiction.
Hes right out there with his racism, theres no dog-whistle for him you know, its like Im a racist, have a nice day.' Behar said. Hes scared of this fictitious idea of Antifa, a thing that doesnt even exist.
Behar claimed the militant left-wing group, which was responsible for repeated outbursts of routine record-breaking destruction, was nothing more than a racist idea in the second segment on the topic following a commercial break. In fact, Antifa racked up a total of damages 66 times greater than the estimated expenses of the Capitol riot on Jan. 6.
Its an idea, not a real thing, Behar repeated to fellow co-host Meghan McCain who challenged her on the issue.
What separates Antifa is their willingness to use violence. I have very good friends who have been reporting on Antifa for months, and months, and months, McCain said. We can say Ron Johnson is an absolute moron, we can say that not all activism is violent, but the idea that Antifa doesnt exist is just factually inaccurate and wrong and a lie.
Just last week, Antifa rioters in Portland mounted another assault on the Hatfield Federal Courthouse, a federal building demonstrators lit on fire while people remained inside.
The Portland carnage follows a summer of siege where demonstrators rioted for more than 100 consecutive days injuring at least 277 officers, according to the Department of Homeland Security.
Behars comments are reminiscent of how Democrats and their allies in legacy media endorsed, excused, and encouraged the far-left demonstrations which routinely tore through the country last year, only for the same enablers of the violence to exploit the Capitol riots in January which were similarly condemned in a consistent fashion by the political right.
As Portland was undergoing an epidemic of summer violence that featured mortar-style fireworks blown up at police officers, New York Democratic Rep. Jerry Nadler said Antifa was nothing more than a myth that was only being spread in Washington D.C.
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'The View' Co-Host Joy Behar Claims Antifa 'Doesn't Even Exist' - The Federalist
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If You Heard Biden is ‘Hopeful’ And Tucker Carlson Is Evil, Congratulations, You’ve Been Lied To – The Federalist
Posted: at 2:57 am
Biden Tells Nation There Is Hope After a Devastating Year.
Hopeful Biden Says, I Need You.
Biden Sets Vaccine Goal That Would Allow Americans To Gather By July 4.
These headlines, from the covers of the printed New York Times, LA Times, and Boston Globe, greeted Americans Friday morning, 51 days into the Biden presidency and a full year into the beginnings of Americas long lockdown experiment.
Seven Takeaways From Bidens Prime-Time Address topped CNNs site. Chris Cillizzas first two takeaways? Donald Trump dug the hole was number one. Number two? A return to empathy. Chris Cillizza, its worth noting, is a 45-year-old man and does not work for the White House.
Last night is why Joe Biden won the presidency, Politico Playbook opened with a straight face.
If you hadnt watched the presidents prime-time address, you might think it was something anything other than the most depressing, defeated, and resigned speech since President Jimmy Carter held the office. You might think he hadnt devoted his third sentence to a baseless attack on his predecessor, and the entire rest of his address to death, sadness, loneliness, and despair. You might think he hadnt literally threatened the American people, warning, We may have to reinstate restrictions to get back on track, please, we dont want to do that again.
Rather, to read The Washington Post homepages featured commentary on the address, youd think Much of that speech was about hope.
It was about seeing a shaft of light at the end of a dark horror, Robin Givhan, a 56-year-old woman who once won a Pulitzer for witty, closely observed essays that transform fashion criticism into cultural criticism, wrote. His white French cuffs and his crisp pocket square, she went to tell us, evoked all of the institutional power and authority at his disposal to make things better.
[H]is mere presence on television, she insisted, was a declaration of his pride in the countrys progress.
If youre wondering why you didnt see any of this, dont worry: It didnt happen. But more and more, we all have to take a step back, throw some water on our faces, and look around in disbelief at the state of our corporate media.
Take the other big story of the week: Fox Newss Tucker Carlson dared say that our country, faced with a vicious China growing stronger every day, shouldnt pat itself on the back for its military featuring maternity flight suits. This is so obvious it shouldnt need to be said at all, but the Pentagon felt the need to react anyways, launching a full-on broadside on his heresy.
Sen. Tammy Duckworth, a veteran whose Blackhawk was shot down by insurgents, launched a fundraiser for her campaign called F*ck Tucker Carlson. The commander of Space Force filmed an unintentionally hysterical video on his webcam reminding his delicate troops that Tucker thinking pregnant women arent ideal fighting machines is based off of actually zero days of serving in the armed services.
So what does this have to do with corporate media? Reporters, in unison, chased the ball. And like that, just one day after the Pentagon (or someone at it) leaked the classified report showing the Chinese military dominating the United States in a Pacific war game, the news cycle changed to Tucker Carlson Bad.
Throw the ball and theyll chase it. Its a good trick. President Donald Trump knew it well, if he played it differently.
But thats not all! This week also marks the Biden administration setting a record as the longest a president has gone without a press conference in an entire century. So do reporters even need a ball to chase? As we saw on the campaign trail and as we read Friday morning, the answer is no. While easily distracted from actual news, our corporate media is also perfectly content with, perfectly skilled at, perfectly shameless over crafting their new presidents propaganda for him basically regardless of what he says. The only question is, are you listening?
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Did The Shutdowns Save Lives? A Year Later, Stats Suggest Not – The Federalist
Posted: at 2:57 am
The government response to COVID-19 has mostly been a failure. Theatric, yessee New York Gov. Andrew Cuomos Emmy. Symbolic, yes. But there is no evidence shutdowns did anything but deepen the economic suffering, increase suicides, and prevent lifesaving medical tests and treatments.
With the exception of former President Trumps effort to speed research, approval, and rollout of a COVID vaccine through Operation Warp Speed, and efforts to discourage the spread of the virus through border restrictions (now abandoned by President Biden), what policies can objectively be shown to have worked?
Last May, in The Federalist I examined state-level unemployment through April, using job losses as a proxy for the severity of government-imposed shutdowns, finding these even then suggested lockdowns had no effect on the course of a virus released by what appears to be sloppy lab procedures in Wuhan, China. I also found a statistical connection between a states reliance on mass transit and a higher fatality rate.
One year on, has anything changed? What does the data say? Does anything suggest that the shutdowns were worth it?
The change in private employment among the states from January 2020 to December 2020, the latest month for which data is available, can be used as a proxy for the severity of government edicts to slow the spread of the virus. It represents closed restaurants and family-owned businesses, destroyed lives and lifes savings.
In theory, this pain should have been rewarded with a lower COVID fatality rate. Thats what we were told as we obediently stayed at home. Yet the data shows no benefit earned by the states that inflicted the largest destruction on their job base, judging by the fatality rates from COVID. Graphically, it looks like this.
Another constant feature of the corporate medias COVID-19 coverage was the claim red states were killing their people. Again, the data after a year shows no correlation between a states level of freedom, as measured by the Fraser Institute in their annual Economic Freedom of North America survey, and COVID fatalities.
However, there is a modest correlation between economic freedom and the strength of the job market over the past year, although it is important to note that the correlation between freedom on the state level and job creation has been a long-term trend, one that COVID-19 did not change.
Digging deeper into the data, a regression analysis seeking correlations to per capita COVID-19 fatalities at the state level to five variablesuse of mass transit, change in private-sector employment, economic freedom, share of the population 65 and older, and the percentage of adults with obesity in 2020finds only a weak connection (adjusted R square of 0.19). Only two variables are significant in this correlation: the share of mass transit use (P-value of 0.001) and prevalence of obesity (P-value of 0.009).
This would suggest that the virus takes its course regardless of the severity of shutdowns. Thats not to say that any government action is futile. For instance, the Trump administrations effort to speed development of an effective vaccine appears likely to save a significant number of peopleassuming the vaccines retain their effectiveness as the virus mutates.
If the preceding macroeconomic analysis isnt convincing, there are also peer-reviewed studies that find the same. For instance, Ioannidis, Bhattacharya, et al. publishing in the European Journal of Clinical Investigation, concluded, we do not find significant benefits on case growth of more restrictive NPIs (nonpharmaceutical interventions) such as mandatory stayathome orders and business closures.
Thus, with no statistically consistent difference in virus fatality outcomes between Gov. Andrew Cuomo of New Yorks 11.9 percent drop in private-sector jobs, Gov. Gavin Newsom of Californias 8.3 percent loss of jobs, Gov. Greg Abbotts Texas decline of 3.7 percent, and Gov. Ron DeSantiss Florida drop of 5.1 percent, it makes sense to encourage opening the economy while protecting the most vulnerable populations.
Lastly, as a crowning example of our politicians proclivity to reward failure, it is illuminating to see that more than 90 percent of the $1.9 trillion Biden stimulus is not directly related to COVID-19. Some $350 billion of the behemoth spending bill bails out the same state and local governments that inflicted the greatest damage on their own economies, realizing no measurable gain in public health.
As the Foundation for Economic Education notes, Bidens bill spends more than twice as much lining the pockets of bankrupt blue states than it does actually addressing public health. But then, spending, not public health, is the purpose of the bill.
Chuck DeVore is vice president of national initiatives at the Texas Public Policy Foundation and served in the California State Assembly from 2004 to 2010.
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What Groupthink Caused The CDC To Get Wrong About COVID-19 – The Federalist
Posted: at 2:57 am
On this episode of The Federalist Radio Hour, Dr. Marty Makary, a professor at the Johns Hopkins School of Medicine and Bloomberg School of Public Health and chief medical adviser to Sesame Care, joins Federalist Culture Editor Emily Jashinsky to discuss what the so-called experts are getting right and wrong about COVID-19, the vaccine rollout, and how Americans should navigate the newest Centers for Disease Control and Prevention (CDC) guidelines.
I dont know how we ended up in a world where infection control epidemiologists are running public policy, Makary explained. What do they know about education and poverty and substance abuse and loneliness and deferred medical care? So weve got to put things in perspective.
Makary said that theCDC has been consistently late and missed the mark on multiple COVID-19 protocols, handing out advice that some medical experts warned against. The problem, Makary noted, is that the CDC did not want to listen to critical or dissenting opinions.
We have groupthink in medicine just like we do in society right now and theres groupthink that results in everybody believing the same thing and if you dont, then youre kind of sidelined a little bit. And that groupthink is very dangerous, Makary explained.
Were seeing it with delaying the second dose and the data around that. Weve seen it with natural immunity from prior infection there is a cancel culture in medicine right now. We see it in the public health community, you know we saw it with a sort of, you can selectively criticize certain political demonstrations but not others.
Read Makarys book The Price We Pay: What Broke American Health CareAnd How to Fix It here.
Listen here:https://mp3.ricochet.com/2021/03/Makary.mp3
Jordan Davidson is a staff writer at The Federalist. She graduated from Baylor University where she majored in political science and minored in journalism.
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