Vaccine mandate comes due to high opposition – Psaki

A number of conservative governors across the U.S. are vowing to fight President Joe Biden’s newly announced vaccine mandate plan, which will require businesses with more than 100 employees to require inoculation or weekly COVID-19 testing.  The move, predictably, was both applauded and condemned by Americans, political leaders and union heads. It will be enacted through a forthcoming rule from the Occupational Safety and Health Administration that carries penalties up to $14,000 per violation, an administration official said.

Republican governors criticized the mandate and many – including the governors of Arizona, Indiana, Georgia, Montana, South Carolina, Tennessee and Texas – vowed to fight it. The Republican National Committee said it would file a lawsuit against the Biden administration when the requirement goes into effect. Biden said Friday he was “disappointed” in the governors who said they plan to challenge his new requirements, adding that they have been “so cavalier” about the health of children and their communities. During a visit with first lady Jill Biden to Brookland Middle School in Washington, the president was asked what his message was to Republicans who decry the vaccine mandates as federal overreach and plan to challenge them in court. “Have at it,” Biden said following remarks in the school’s courtyard. “We’re playing for real here. This isn’t a game.” The plan, which Biden announced Thursday as part of a new six-part strategy, is expected to affect about 100 million workers in the country. “Many of us are frustrated with the nearly 80 million Americans who are still not vaccinated,” Biden said Thursday when announcing the new strategy. “This is not about freedom from personal choice, it’s about protecting yourself and those around you.”

?Today’s numbers: The U.S. has recorded more than 40.6 million confirmed COVID-19 cases and more than 655,800 deaths, according to Johns Hopkins University data. Global totals: More than 223 million cases and 4.6 million deaths. More than 177.8 million Americans — 53.6% of the population — have been fully vaccinated, according to the CDC. Nick Note: Bottom line in a health emergency the authority to coerce vaccinations and quarantine exists. I believe you have a right to decide to vaccinate or not. I believe vaccines are working and the way to go. Of course their are risks… SO!  People do not have the right to infect people. I believe that unaccounted people have to suck it up. If you are not vaccinated it will be a lonely life and rightly so. I deal with reality and reality is that not enough people have been vaccinated, The mutations over a short period of time will defeat the vaccines and what everyone always new and forgot to tell the public the vaccines wear off after 5 to 6 months. Oh yes unless you are using a officiated ULPA filter in a proper sealing mask you are very vulnerable. It called the N95 mask  because its 95% effective AT BEST! See to me Job! in a pandemic is to survive… not make a political statement!

Dow sinks 270 pts at close as US mandates vaccines

Wall Street closed on Friday with major losses as investors digested the government’s decision to impose the COVID-19 vaccination mandate for all federal workers and employees working in large private companies. Commenting on the move, coronavirus response coordinator Jeff Zients said at today’s press briefing the White House hasn’t excluded the possibility of also requiring vaccinations for all international travelers. In business news, a California court ruled that Apple’s enforcement of anti-steering provisions on its App Store is anticompetitive, with the ruling coming as part of the Apple-Epic Games case.

The Dow Jones plunged 0.78% or 271 points at the closing bell, with Apple tumbling as much as 3.31%. The Nasdaq 100 lost 0.77% or 120 points, as the Kroger Co. sank 7.50%. The S&P 500 fell by 0.77%. Okta was the worst performer by declining 4.68%. The euro traded 0.10% lower against the dollar to sell for 1.18138 at 3:53 pm ET.  Nick Note: Lets see if after a few days they get another buy on the dip rally. This market is definitely in trouble and shortly we will make them pay us a great big exit fee…… Get you ducks in a row

Fed to scale down bond buying in November

Members of the United States Federal Reserve are planning to reduce the institution’s bond-buying in order to start cutting back on its easy-money policies, heavily used amid the crisis caused by the COVID-19 pandemic, in November, the Wall Street Journal (WSJ) reported on Friday. According to sources familiar with the matter, the Fed is planning to scale down those policies by the middle of the next year and thus facilitate an increase in interest rates. The report comes after Fed Bank of Atlanta President Raphael Bostic told the same magazine he believes the country’s economy will be able to function without the institution’s bond-buying aid.

White House COVID-19 test mandate could overwhelm already-strained suppliers

(Reuters) – A White House plan to mandate COVID-19 vaccination or repeated testing for around two-thirds of U.S. workers announced on Thursday could be hampered by supply challenges as COVID-19 test manufacturers strain to keep pace with demand. U.S. President Joe Biden will require all federal employees to get vaccinated against COVID-19 and the U.S. Department of Labor will issue a rule requiring private businesses with more than 100 employees to have their workers vaccinated or tested weekly, officials said on Thursday. Around 25% of the approximately 255 million Americans 18 years of age and older have not yet received a COVID-19 shot, according to federal data. The White House said it will spend nearly $2 billion on 280 million rapid COVID-19 tests to help boost supply, but industry experts are doubtful that manufacturers can produce tests fast enough to keep up with the administration’s mandate.

The U.S. testing industry currently can only produce around 50 million rapid COVID-19 tests each month, said Vijay Kumar, an analyst at Evercore ISI who covers medical technology companies. That’s only enough tests to cover around 12 million people taking weekly tests.

The White House said on Thursday it will employ a wartime law known at the Defense Production Act to help test manufacturers access needed supplies. “It has to be a priority to increase the availability of tests,” said Dr. Amesh Adalja, infectious disease expert at the Johns Hopkins Center for Health Security in Baltimore. “Rapid tests should’ve been available from the very start of this pandemic and the shortages now are unacceptable.”

The largest U.S. manufacturers of rapid COVID-19 tests – Becton Dickinson and Co, Quidel Corp and Abbott Laboratories – did not immediately respond to requests for comment on the White House’s announcement. The Advanced Medical Technology Association, a trade group for testmakers, told Reuters that rapid point-of-care test supplies are still ramping up to meet demand although laboratory-based testing capacity is strong. It added that it sent a letter to the administration in September requesting additional support for test production. U.S. companies have been already been straining to provide COVID-19 tests requested by K-12 schools around the country as they roll out surveillance programs going into the new school year.

CVS Health Corp recently imposed limits on the number of at-home tests customers can buy.The shortages have been compounded because testmakers shut down production lines earlier this year when demand for tests appeared to be slowing and COVID-19 cases were on the decline.

Manufacturers have cautioned that supplies could be limited in the near term.

“We’re seeing unprecedented demand as case rates rise,” Abbott told Reuters in a statement in August. “There will be some supply constraints over the coming weeks as increased capacity comes online.” Kumar said that testmakers also need more clarity on how the new mandate will be funded, noting that it is unclear whether employers will be expected to pick up a portion of the costs. The supply issue “won’t be resolved until the test providers have some visibility on demand,” Kumar said. Nick Note: Has anyone got a calculator in Washington?. Potentially your talking about testing 100 million people a week. Exactly how is this going to happen. Their are not the test kits and the production does not exit. Let suppose by some miracle you have the test kits. Who is going to ship and process them and get them into the hands of the people.. The labs and equipment does not exist. Now lets suppose you solve the test kit production and shipping problem.. And you take down a civil war statue and GOD rewards you with enough labs…. Who the hell is going to run all these test. It takes a clean room bench and highly trained people to process the tests…. and who is going to enter the results on some internet portal… And if you get all that done who is going to screen the results and make sure the people who test positive are put into isolation//////…..////////  OK so you throw 50 billion at the problem. Maybe in 6 months you get this going… Hello,, Its to late to stop the next wave. And remember testing does nothing… Would not to better spend you time and energy getting people vaccinated……

Gazprom: Nord Stream 2 pipeline completed

https://youtu.be/9EFVEA9jPcc

Moscow announced Friday the completion of the controversial Nord Stream 2 gas pipeline, which critics say will increase Europe’s dependence on Russian gas and bypasses a key EU ally, Ukraine. “Chairman of the Management Committee Alexei Miller said that this morning at 8.45 Moscow time (05:45 GMT) construction of the Nord Stream 2 gas pipeline was fully completed,” Gazprom said in a statement.

Nord Stream 2 is expected to double natural gas supplies from Russia to Germany, but it has divided European capitals and raised tensions between the bloc and Washington.

A key controversy is that it diverts supplies from an existing route through Ukraine and is expected to deprive the EU’s partner of crucial transit fees from Russia.  Ukraine — in conflict with Russia since Moscow’s 2014 annexation of Crimea — has warned Europe that Nord Stream 2 could be used by Moscow as a geopolitical pressure vice. In previous energy disputes, Russia has cut gas supplies to Kiev. Ukrainian President Volodymyr Zelensky last month described the pipeline as “a dangerous geopolitical weapon”.

The project is also fiercely opposed by Poland and the Baltic states, who fear Russia will use it as a geopolitical weapon in disputes.

Running from Russia’s Baltic coast to northeastern Germany, the underwater, 1,200-kilometre (745-mile) pipeline follows the same route as Nord Stream 1, which was completed over a decade ago. Like its twin, Nord Stream 2 will be able to pipe 55 billion cubic metres of gas per year to Europe, increasing the continent’s access to relatively cheap natural gas at a time of falling domestic production. Gazprom has a majority stake in the 10-billion-euro ($12 billion) project. Germany’s Uniper and Wintershall, France’s Engie, the Anglo-Dutch firm Shell and Austria’s OMV are also involved. Former chancellor Gerhard Schroeder serves as chairman of the Nord Stream’s shareholders committee. Russia and Germany insist Nord Stream 2 is a purely commercial project, but analysts disagree about the project’s economic benefits. A 2018 report by German think-tank DIW said it was unnecessary and undertaken based on forecasts that “significantly overestimate” demand in Germany and Europe. Germany — Europe’s top economy — imports around 40 percent of its gas from Russia, and Berlin believes the pipeline has a role to play in Germany’s transition away from coal and nuclear energy. The United States has warily given the green light for the project.

Like predecessors Barack Obama and Donald Trump, US President Joe Biden had objected to the project, saying it is a bad deal for Europe and a security risk.

But critics of this argument pointed out that the US also wants to boost sales of liquefied natural gas (LNG) to Europe.US sanctions on Russian vessels laying the pipeline succeeded in delaying Nord Stream 2, angering Germany.

But Biden, eager to rebuild transatlantic ties that were badly strained by Trump, unexpectedly waived sanctions in May on the Russian-controlled company behind the project.

Analysts saw the move as an olive branch to Berlin, whose support Washington is counting on in the face of other challenges, including a rising China. Zelensky said the sanctions waiver was a win for Russian President Vladimir Putin. Reaffirming support for Ukraine, Biden hosted Zelensky at the White House in early September. After the meeting Zelensky told reporters Biden had assured him the United States would impose sanctions on the pipeline if there were “violations” from Russia that would create problems for Ukraine’s energy security. Nick Note: Europe is so fucked…. Talk about becoming Putin’s bitch. Do they really want to be hopelessly reliant on Russian energy…. And Ukraine got a dick pulling session with Biden as he sold them out.. After a proper wait Putin will be pulling the plug on Ukraine’s Russian gas that flows through the counrty to Europe….

World shares higher as Biden-Xi call helps mood… Biden, Xi don’t want competition to lead to conflict

LONDON/HONG KONG, Sept 10 (Reuters) – Global shares rose and the dollar edged lower on Friday as news of a call between Xi Jinping and Joe Biden offered some relief to traders eyeing cautious central bank steps towards ending stimulus. The U.S. president and his Chinese counterpart spoke for 90 minutes in their first talks in seven months on Thursday, discussing the need to avoid letting competition between the world’s two largest economies veer into conflict. That helped China shares rise 0.9%, giving a fillip to the region and lifting MSCI’s World index , its broadest gauge of global stock markets, up 0.2% in early European deals, ending a three-day losing streak. Despite the gains, helped by a similar performance across Europe’s top markets, the index remains down 0.7% on the week and on course for its first drop in three, albeit hovering just 1% off a record high and up 92% since the lows of 2020. U.S. stock futures pointed to a 0.3% high open on Wall Street later in the session.Observers cautioned, however, against over-interpreting one telephone conversation as a sign of a broader rapprochement between China and the United States, whose relations are more strained that any time in decades. “There were some small market moves after the news of the call, but it’s not a fundamental change – markets are still more concerned about Fed tapering and China regulation,” said Gary Ng, an economist at Natixis in Hong Kong. The pace at which central banks, especially the U.S. Federal Reserve and European Central Bank, choose to trim their support to the economy remains the driving force of market sentiment. Thursday’s move by the ECB to trim its bond purchases is expected to be followed by the Fed later this year according to some officials, despite a weak August labour report. Nick Note: China is in a war to take over the world. To think any negotiation will deter them. Why should they change course now. Whatever they are doing is working. The US loves endless negotiations where her leaders can pontificate from on high. A great example of what the US gets in this silly ass tactic  is a failure for all to see with the Taliban. Its right out of the Mao play. Do the dance and in the background do what you want!

Biden to mandate vaccine for private sector workers

More than 80 million Americans working in the private sector will be required to receive a COVID vaccine or produce a negative test result at least once a week, a senior Biden administration official said Thursday.

Why it matters: The new rule, to be developed by the Department of Labor’s Occupational Safety and Health Administration (OSHA), underscores the Biden administration’s ramped up efforts to control the virus as cases and hospitalizations largely driven by the Delta variant surge nationwide.

Driving the news: OSHA is developing the rule that will require vaccinations or once a week testing for companies with more than 100 employees, set to be implemented in the coming weeks, per the White House official.

The big picture: The Biden administration unveiled a six-pronged plan to respond to the virus on Thursday, which includes efforts to encourage vaccinations and bolster protections for the vaccinated, among other areas.

  • Health care workers at Medicare and Medicaid participating hospitals and other health care settings — more than 17 million people — will also be required to get vaccinated.
  • The administration is also preparing boosters to start as early as the week of Sept. 20.
  • President Biden will also sign an executive order requiring most federal employees to get the COVID vaccine, without the option of getting regular testing instead, Axios previously reported.

Other components of the six-part plan include:

  • Urging large entertainment venues to require proof of vaccination or testing for entry.
  • Requiring staff in school settings — including at the Head Start programs, youth program personnel at the Department of Defense and at the Bureau of Indian Education-Operated Schools — to be vaccinated.
  • Providing funding to school districts to support reopening, including backfilling salaries.
  • Bolstering COVID-19 testing, including increasing supply of over-the-counter at-home tests, and reducing the cost of at-home tests by ensuring top manufacturers — Walmart, Amazon and Kroger — sell at-cost for the next three months.

Amazon COVID-19 Test kit for $36.99, a $3 price reduction… We sell the antigen self test kit for $29.95.

WASHINGTON, Sept 9 (Reuters) – Amazon.com (AMZN.O) said it will cut the cost of its direct-to-consumer COVID-19 PCR Test Collection kit to $36.99, a $3 price reduction. The U.S. retailer said the price cut reflects its costs for selling the FDA-approved kit and is the result of a public-private partnership with the Biden administration. The White House said Thursday that Amazon, Walmart (WMT.N), and Kroger (KR.N) will sell at home rapid COVID-19 tests at-cost for the next three months.  Nick Note: What assholes… we see the above  BinaxNOW Antigen at home test kit for $29.99. And get this they will not let us sell them in our Amazon affilaities store. We have them in stock same day shipping. You can get them from our online store. Go to the link below..

Discounted home Covid19 test kit

Wall Street dips after jobless claims hit 18-month low

(Reuters) -Wall Street dipped on Thursday after weekly jobless claims fell to a near 18-month low, allaying fears of a slowing economic recovery, but also stoking worries the Fed could move sooner than previously expected to scale back its accommodative policies. The Labor Department said initial claims for state unemployment benefits dropped 35,000 to a seasonally adjusted 310,000 for the week ended Sept. 4, the lowest level since mid-March 2020. That suggested that job growth could be hindered by labor shortages rather than cooling demand for workers. Microsoft and Amazon each fell almost 1% and they were among the stocks weighing most on the S&P 500 and Nasdaq. The S&P 500 real estate and healthcare indexes both fell more than 1%, while financials and materials made modest gains. JPMorgan, Wells Fargo, Citi Group and Morgan Stanley each added about 0.5%, tracking a slight rise in benchmark bond yields following the claims data. [US/] “The problem with the market these days is it’s rotating more than it’s moving. Today, because of the jobs claims report, everyone is buying cyclical stocks,” said Jay Hatfield, chief executive of Infrastructure Capital Management in New York. “We see it as a rangebound market, between 4,400 and 4,600 (on the S&P 500).” Investors have become more worried in recent sessions after a recent monthly jobs report showed a slowdown in U.S. hiring, suggesting the economic recovery may be losing steam faster than expected. Also dragging on sentiment has been uncertainty about when the U.S. Federal Reserve’s will scale back massive measures enacted last year to shield the economy from the coronavirus pandemic. In afternoon trading, the Dow Jones Industrial Average was down 0.39% at 34,894.03 points, while the S&P 500 lost 0.33% to 4,499.38. The Nasdaq Composite slid 0.03% to 15,282.36. Advancing issues outnumbered declining ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.29-to-1 ratio favored advancers. The S&P 500 posted 27 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 63 new highs and 31 new lows. Nick Note: This market is starting to look very dicey to me.

United Airlines warns Delta variant to hit revenue, capacity

  • United Airlines Holdings warned on Thursday its third-quarter revenue and capacity would take a hit from weaker travel demand due to a rise in Covid-19 cases fueled by the delta variant.
  • United expects revenue to fall 33% compared to the same period in 2019 and capacity to decline at least 28%, more than the 26% fall forecast earlier.
  • United said it could incur an adjusted pretax loss in the fourth quarter as well if the demand slowdown continued.

United Airlines Holdings warned on Thursday its third-quarter revenue and capacity would take a hit from weaker travel demand due to a rise in Covid-19 cases fueled by the delta variant. United expects revenue to fall 33% compared to the same period in 2019 and capacity to decline at least 28%, more than the 26% fall forecast earlier. The airline expects to post an adjusted pre-tax loss in the third quarter while it had previously forecast adjusted pre-tax income of $82 million. United said it could incur an adjusted pretax loss in the fourth quarter as well if the demand slowdown continued. Nick Note: TD is telling their suckers to buy the airlines… As the airlines warn they will continue booking massive losses…..