There are several interesting stories that explain a lot; the stories may or may not have "legs" as they say.
These are the "teasers." I will follow-up on them if the stories become a "thing."
1. Internal polling by the DNC appears to show that Joe Biden's campaign is imploding. Biden is now walking back:
- his threat to shut down the economy again (a Fox Business link); and,
- his threat to ban fracking
There would be no reason for "Hidin' Biden" to walk back those DNC platforms planks if his poll numbers were as good as CNN says.
2. The Tesla meltdown is currently in currently in "correction" territory, but "not a bear market" for Tesla. It may be by the close on Thursday, September 4, 2020.
- must-read story over at MarketWatch -- likely to be re-posted as a stand-alone psot;
- the best explanation for TSLA melt-down;
- why folks misunderstand TSLA (or maybe Tesla in this case); looking for love in all the wrong places;
3. The ACLU breathless tweet regarding the Somalis who had appealed their conviction: the Ninth Circuit's affirmed that the lower court's decision was correct: the Somalis lose their appeal. The fact that this "landmark" case did not get reported by the mainstream media but instead was found on a single twitter tweet says it all. Despite what the ACLU tweeted, the story / legal opinion was a "nothing-burger."
4. Trump is going for the jugular by directing his departments to defund Portland, NYC, San Francisco, among others.. This suggests internal polling shows that Americans are fed up with the nightly videos of "mostly peaceful protests." The nightly looping of these videos on network nightly news reminds me when similar videos on CBS News With Walter Cronkite was the beginning of the end of the Vietnam War.
5. There's a much bigger underlying story regarding Trump's decision to ask state governors to provide background regarding decision to send Covid-positive residents back to their nursing homes upon release from hospitalization. The real story here goes back to the ventilator story and outright fraud.
6. US Court Of Appeals for the Tenth Circuit breaks new ground ruling that student loans are now dischargeable under bankruptcy law. I will have no more to say about this case unless it ends up before the US Supreme Court.
7. Tokyo's 2020ne Olympics no longer look so "safe." Japan will make Covid-19 vaccine available to all Japanese for free. Last-ditch effort to save the Olympics.
8. Throwing in the towel. The Bistmarck Tribune, out of tune with its readers, will drop the Sunday edition, because, apparently, reading the Tribune's explanation, that's what readers want, despite the fact that the Sunday edition is the most profitable for the newspaper. I can't make this stuff up.
- link here to The Bismarck Tribune; irony: the story is behind a paywall, so even if you want to read it, you can't unless you ave a $5 subscription; and, of course, you won't see all those ads that support the newspaper;
9. Federal, state, and local governments have been immune to furloughs, layoffs despite the economic lock down. That's about to change. NYC said it is likely to begin furloughs.
- Los Angeles says it will begin layoffs: https://www.foxbusiness.com/markets/la-to-furlough-15000-workers-because-of-virus-losses;
10. Nancy Pelosi cites entrapment. Will probably sue.
11. The beginning of the end. And it always seemed so promising. LOL. JUUL. Not sure how Covid-19 is responsible for this but I always thought these huge contraptions with excessive "smoke" looked ridiculous by anyone holding them, especially the "fairer sex," (am I still allowed to say that?)
- goes up in smoke; withdrawing from Europe, Asia; will focus on core areas in US; a Fox Business link;
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