Posts Tagged ‘San Fransisco’

Being a Drunk In San Francisco Is Going To Be More Expensive For Drunks

Being a Drunk In San Francisco Is Going To Be More Expensive For Drunks

Courtesy of Jr. Deputy Accountant 

As if we needed another reason to want to leave this third-world cesspool of a city, a new alcohol tax has been proposed by the Board of Supes to cover the costs associated with caring for the mess of drunks in the city. 

I suspect this is not a humanitarian mission but another attempt to recoup some of the cash its been bleeding to take care of its massive homeless population. You know, being short on cash and all.

SF Gate:

Adding a new fee to alcohol sold in San Francisco would generate an estimated $16.3 million a year to help cover city-funded public health and paramedic costs associated with alcohol abuse. But purveyors of beer, wine and hard spirits say that new charge would drive away business and hurt their bottom line.

Legislation proposed by Supervisor John Avalos to charge wholesalers and certain distributors of alcoholic beverages a fee of just under 6 cents for every ounce of alcohol sold got its first public airing at City Hall on Wednesday and was met with mixed reaction.

The few remaining players in this hostile city don’t find that to be entertainment and who can blame them? I only drink out when friends are in town from somewhere else and used to throw away a lot more money to going out. In fairness, the weather has been bad so maybe that’s why I’m not compelled to go out and spend money. It could also be because my rent gets taxed directly out of my a** just to live in fabulous San Francisco. 

Guy Carson, co-owner of Cafe Du Nord, a nightclub and restaurant on Market Street, the fee imposed on wholesalers and distributors would be passed on to businesses like his at a time when the profit margin already is slim and customers are spending less.

"It’s just one more example of City Hall looking to make it hard to do business in San Francisco," he said.

I love it here but it has obviously surpassed the point of hostility towards its own. The SFMTA prowl my car like sharks knowing I don’t have a residential permit in front of my own house (should I stuff the meter every hour just to park at home?)…
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Happy 420, Now Tax It

Happy 420, Now Tax It

Courtesy of Jr. Deputy Accountant 

When KTVU has a guy on scene in Golden Gate Park on 4/20 with stoners saying "Tax it, we’re broke!" you know it might be time to do something.

KTVU said the San Francisco Police Department took a hands off approach to 420 today but the reality is SFPD takes a hands off approach to weed each and every day. Oh well.

Tax it, we’re broke. 

(Tell me David Stevenson wasn’t stoned off his a** reporting from the scene in GG Park)
 

And while you’re high and [screwing] around on the Internet, check out Medithrive (the Starbucks of Cannabis) and/or Larry Carlson. And don’t miss the "marijuana enthusiast" with all the b*tches

 


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Phil's Favorites

Momentum Monday...Enjoy the Gains...Keep an Eye on Page 10

 

Momentum Monday…Enjoy the Gains…Keep an Eye on Page 10

Courtesy of Howard Lindzon

It seems obvious, to the markets at least, that the digital economy will survive whatever COVID has to throw at humans.

There is nothing on the first 10 pages of the news that has the markets worried.

Last week it was more of the same…biotechs and software stocks hitting more highs. This weekend, Warren Buffett woke from his long slumber and spent $10 billion on some energy assets so the bears will freak out and buy stocks this morning.

A game of chicken is taking place as the ...



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ValueWalk

New Climate Risk Rating Of Companies For Investors

By Jacob Wolinsky. Originally published at ValueWalk.

  • New dataset gives investors temperature ratings for 4,000 global companies, based on targets to cut all GHG emissions they are responsible for.
  • Based on a new approach currently being developed by CDP and WWF, CDP temperature ratings can be used for gauging the temperature pathway of investor portfolios, funds and stock indices.
  • Europe’s largest asset manager Amundi first to use the rating as part of its ESG analysis, and for the monitoring of four global multisector equity funds[1].

Q1 2020 hedge fund letters, conferences and more

CD...

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Zero Hedge

Google Joins Twitter, Facebook In Refusing To Cooperate With Hong Kong Nat Sec Law

Courtesy of ZeroHedge View original post here.

Update (1500ET): Google has just confirmed its intention not to cooperate with CCP officials or Hong Kong police regarding data requests under the new nat sec law.

  • GOOGLE STOPPED RESPONDING TO NEW HONG KONG DATA REQUESTS

That leaves Apple left...will Tim Cook dare to jeopardize Apple's access to Chinese markets just to show solidarity with Hong Kong?

* * *

Update (1220ET): Twitter has joined Facebook and Telegram in...



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Kimble Charting Solutions

Shangai Index Soars Higher, Testing 11-Year Breakout Level!

Courtesy of Chris Kimble

Is the Shanghai Index (SSE) about to experience a long-term breakout and send the world a bullish message?

An 11-year breakout test is in play that will answer this question.

The Shanghai index trend continues to send a bullish message, as it has created a series of higher lows for the past 24-years above line (1).

This long-term support line was tested at the March lows at (2) and it held.

The rally off the lows has the index testing dual resistance at (3).

Will this important index succeed in breaking out? If it does at (3), it will send a very bu...



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Biotech/COVID-19

As U.S. buys up remdesivir, 'vaccine nationalism' threatens access to COVID-19 treatments

 

As U.S. buys up remdesivir, ‘vaccine nationalism’ threatens access to COVID-19 treatments

Are we really all in this together? ‘Vaccine nationalism’ must be addressed to ensure equitable distribution of a COVID-19 vaccine. (Pixabay)

Courtesy of Joel Lexchin, University of Toronto

At the end of June, the United States government announced that it had ...



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Chart School

Golds quick price move increases the odds of a correction

Courtesy of Read the Ticker

Every market corrects, maybe profit taking, maybe of allowing those who missed out, to get in!


The current open interest on the gold contract looks to high after a very fast price move, it looks like 2008 may be repeating. A quick flushing out of the weak hands open interest may take place before a real advance in price takes place. The correction may be on the back of a wider sell off of risk assets (either before of after US elections) as all assets suffer contagion selling (just like 2008).

This blog view is a gold price correction of 10% to 20% range is a buying opportunity. Of course we may see  a very minor price correction but a long time correction, a price or time is correction is expected, we shall watch and...

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The Technical Traders

Wild Volatility Continues As US Markets Attempt To Establish New Trend

Courtesy of Technical Traders

We’ve continued to attempt to warn investors of the risks ahead for the US and global markets by generating these research posts and by providing very clear data supporting our conclusions.  Throughout the entire months of May and June, we’ve seen various economic data points report very mixed results – and in some cases, surprise numbers as a result of the deep economic collapse related to the COVID-19 virus event.  This research post should help to clear things up going forward for most traders/investors.

As technical traders, we attempt to digest these economic data factors into technical and price analysis while determining where and what ...



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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

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Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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