It’s Time to End the COVID Mandates

As everyone is aware, governments have been mandating restrictions on people’s behavior in response to the COVID pandemic for more than a year. Cases are on the rise around the US, and in response, governments are retaining existing mandates and reimposing mandates that had previously been repealed. COVID is not going away, but the mandates in response to COVID should.

Los Angeles is reimposing its mask mandate, some New York legislators are proposing to follow Los Angeles by reimposing mask mandates, North Carolina is extending its COVID mandates, and talk of continuing or reimposing mandates is taking place nationwide. Meanwhile, in Florida, Governor Ron DeSantis, who has downplayed the increase in COVID cases, has been accused of killing people with his anti-mandate policies.

U.S. Capitol Police Colonize California

The U.S. Capitol Police will open a regional field office in San Francisco, the California Globe reports, “due to the high number of threats located in California and the western U.S. in general.” These are primarily threats against members of Congress, and violence against them is supposedly on the upswing. Californians have cause to wonder.

Last September, House Speaker Nancy Pelosi had a wash and blow-out at a San Francisco salon that had been closed since March, when Gov. Gavin Newsom declared a state of emergency. Pelosi claimed it was all a “setup” and that the salon owed her an apology. Locals responded with a peaceful protest outside Pelosi’s San Francisco residence. This incident did not call for the Capitol Police, a force with a questionable record, to say the least.

Is Our Current Inflation Temporary? Look at the Numbers

Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, has said that the current uptick in inflation is temporary, and he expects inflation to subside in 2022. Despite rising inflation, the Fed is not in an inflation-fighting mood.

Powell’s view rests heavily on interruptions in the supply chain that have caused temporary shortages leading to price spikes. Powell recognizes that declines in demand in 2020 led to low inflation that year, and says that the 2021 inflation spike is only offsetting unusually low inflation from 2020.

There are arguments leaning in the other direction, however—most significantly, the effect of inflationary expectations. Sellers are reluctant to raise prices when inflation is low, so it takes a while for inflationary monetary policies to result in actual inflation. Once people expect inflation, they are quicker to raise prices to keep up with the general rise in prices. As the 1970s showed, inflation, once started, can be difficult to stop.

“Dire Consequences” for Most Americans from $3.5T Infrastructure Bill

Stanley Druckenmiller is one of the most influential investors in America today. He became a billionaire himself by making billions more for his clients as a fund manager. At the time he chose to close his asset management firm Duquesne Capital in 2010, after more than 30 years of investing other people’s money, it was managing over $12 billion in assets. Over the course of his career, markets themselves grew from billions to trillions in size.

That background confirms Druckenmiller as someone who gained both understanding and experience in handling very large sums of money in the real world. As such, he has a clear understanding of the impact the proposed $3.5 trillion “infrastructure” spending bill will have on Americans if it passes.

He has been making the rounds on Capitol Hill to warn politicians about the astronomically large spending bill. He warns they will guarantee “dire consequences” that harms low and middle-class Americans if they pass it. On July 23, 2021, he spoke with MSNBC’s Stephanie Ruhle on that topic, telling her what he’s been telling lawmakers.

For Department of Homeland Security Boss, Black Cuban Lives Don’t Matter

“If you take to the sea, you will not come to the United States,” proclaims Department of Homeland Security boss Alejandro Mayorkas, directing his remarks to Haitians, whose president Jovenel Moïse was recently assassinated, and Cubans protesting the Communist regime. News reports on developments there have overlooked a few realities.

Cuban president and Communist Party chief Miguel Diaz-Canel was not elected by the Cuban people. He is a successor to Raul and Fidel Castro, the Sado-Stalinist who ruled the island since the 1950s without a single election. His Communist regime was so oppressive that many Cubans fled in anything that floats. Many perished at sea but those who made landfall in Florida were accepted as refugees.

Your Uber Driver May Never Come Back. Here’s Why.

Following the pandemic-led lockdowns, Americans struggled to pay the bills. As the government stepped in to provide extended unemployment benefits, states began reopening. But as American businesses started opening their doors, many realized that it had become nearly impossible to compete with federal aid.

With even fast-food chains offering more than minimum wage and a series of new perks to anyone who can fill in the vacancies, it is no wonder that gig economy firms like Uber and Lyft are also taking a beating.

Cuba’s Heroes

No one remotely familiar with how things work in Cuba can feel anything less than awe and admiration for the thousands of Cubans who have taken to the streets—first in San Antonio de los Baños and then in many parts of the island—to protest against the dictatorship.

There are few places on earth where the regimentation and control of the population are more suffocating than in that country of eleven million people that has been governed with an iron fist for 62 years by the Castro brothers and the Communist Party.

Economic Science, Sunk Costs, and the Withdrawal of U.S. Troops from Afghanistan

After nearly 20 years, U.S. troops exited Bagram Airfield in Afghanistan on July 2 as part of a near-complete withdrawal of U.S. forces from the country by September 11, ordered by the Biden administration. (A small force will remain in the country to protect the U.S. embassy.)

Reactions to the withdrawals have been mixed, but a U.S. Marine Corps pilot who was stationed at Bagram in 2012–2013 expressed a common perspective, telling Public Radio International’s The World, “[I’m] very disappointed. I think we need to stick with it. I think we need to honor the sacrifices that many of us have made going there and especially those that shed blood there.”

Biden’s Knock-Knock Joke Isn’t Funny

Joe Biden is tapping Health and Human Services secretary Xavier Becerra to send door-knocking squads to “educate” unvaccinated Americans. “The federal government has spent trillions of dollars to try to keep Americans alive during this pandemic. So it is absolutely the government’s business,” Becerra explains, and “knocking on doors has never been against the law.” Nobody said it was, but there’s more here than a straw-man argument.

Zoomers Aren’t Waiting for a College Degree to Secure Their Financial Future

Americans born between 1997 and 2012, otherwise known as Gen Z or zoomers, appear to be in a hurry to make money.

After witnessing millennials drown in debt over college, 67% of zoomers say their top concern is being able to afford higher education. Furthermore, one in every five zoomers say they want to avoid debt at all costs. Following a frightening 2020, in which members of Gen Z were the most impacted mentally and emotionally, the fear of being caught in another crisis without enough cash in hand may have helped them look at money with a new set of eyes.

According to a recent Barclays survey, young Americans are not wasting their time by using market opportunities as they arise. But in this thirst for making short-term profits, they are also picking up bad investing habits. As some learn the trade and get solid investment strategies down, however, some make a name for themselves as “finfluencers.”

Against all odds, zoomers are becoming more financially savvy than millennials, even among those who are open about their losses.

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