Posts Tagged ‘TIME’

Ahead of Schedule, H1N1 Flu Season Arrives in the U.S.

Ahead of Schedule, H1N1 Flu Season Arrives in the U.S.

swine fluBy Michael Scherer, courtesy of TIME

On the edge of the Western plains, in Spokane, Wash., the reports of significant student sickness started coming in this week. By Thursday morning, nine of the area’s roughly 300 schools were reporting absentee rates in excess of 10%. H1N1 had arrived with the end of summer, just as expected.

"This would be comparable to what we would see in a moderate flu season in January or February," says Mark Springer, the Spokane Regional Health District’s epidemiologist. "This is just a snapshot in time. We would anticipate increases."

Across the country, the pattern is much the same. This year’s novel flu virus is hitting much sooner than normal, long before cold weather forces people inside, where viruses like to fester, and weeks before the official start of flu season on Oct. 4. The virus has been gobbling geographic terrain in recent weeks, with 26 states reporting widespread flu illness on Sept. 19, up from 21 states a week earlier and just four states at the beginning of August.

The good news is that hospitalizations remain an exception for those getting the flu, and deaths of children have been relatively rare — with two or three pediatric deaths being reported each week, below the threshold of a full-blown epidemic. Over the past year, the Centers for Disease Control and Prevention (CDC) has received reports of 117 influenza-related deaths of children, of which 25 occurred in children younger than age 2 and 35 occurred in children ages 5 to 11.

"Flu season is definitely here," says Dr. Anne Schuchat, a CDC assistant surgeon general who is helping to coordinate the response. "We don’t know when it is going to peak or how many waves there will be."

But Schuchat and other government officials are getting closer to putting a better solution in place. As Schuchat made clear on Sept. 24 in a briefing at the White House, the flu vaccine is set to arrive in the next few weeks, sparking a national vaccination campaign that will be run by state and local governments. Early tests on the vaccine have been promising: there are no red flags about safety, and studies suggest that many Americans will be able to build up sufficient flu resistance with just one dose, instead of the two or…
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Less Vegas: The Casino Town Bets on a Comeback

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Less Vegas: The Casino Town Bets on a Comeback

By Joel Stein, courtesy of TIME

I have come for revenge. For years, I’ve hyperventilated at restaurant "tasting menu" checks, forfeited 1,000% markups for bottle service at clubs, neared my credit-card limit for hotel suites, paid usury to strip-club ATMs and pushed far too many chips to the dealer. On this trip, I will get a hotel room for less than the upkeep on the room, eat a meal for near what it costs to serve it and — at least according to a sign in the Cheetahs dressing room berating the strippers for undercharging — get some kind of deal in the VIP room. For the first time ever, it is possible to complete a monetary exchange in Las Vegas and feel bad for the other person.

I, however, feel guiltless about taking advantage when someone is down, and Vegas is way down. This has been the first major recession Vegas has experienced since it became a real city. After two decades as one of the fastest-growing metropolises in the U.S., Las Vegas has seen its population growth flatten. It’s got the highest foreclosure rate of any major metro area, and the unemployment rate jumped from 3.8% to 12.3% in just three years. Even if you have a job, it’s not a good time to have your wage be dependent on lavish tips. The No. 1 convention city has also had a wave of cancellations from the AIG effect — companies don’t want the bad publicity of being seen in Sin City. Just as Las Vegas was the epicenter of the extravagant consumption of the past 20 years, now it’s the deepest crater of the recession over the last year. And while I do want to get my money back, I’m a little worried about seeing the dream sucked out of our most American city, the one with the optimism and possibility of New York City in 1900. The one I’ve, embarrassingly, come to love. (See pictures of hard times hitting Las Vegas.)

But I’m here because Las Vegas is on sale. The hotels, led by Wynn Resorts boss Steve Wynn, slashed room prices to increase occupancy rates to 82% from a low of 72%. On the right day in July, you could…
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The Cover Curse Continues

The Cover Curse Continues

Courtesy of Tim Knight at Slope of Hope

The latest issue of Time magazine prominently mentions "Housing Seems to Have Bottomed" on its front cover, which only amplifies the blaring Newsweek cover that the Recession is Over. And now we have Barron’s joining in the fun:

0802-ebuy

Are they kidding? I suppose the dumb money will push the stock a bit higher on Monday, thanks to this cover story, but it will only make the shorting opportunity that much grander.

Sheesh.

*****

Well, it’s not Newsweek, or TIME, or Barron’s but anyway…

Cover Of The Rolling Stone-Dr.Hook

 


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Key Quotes from Biden on the Stimulus

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Key Quotes from Biden on the Stimulus

Courtesy of TIME, Mark Halperin

From NBC’s "Meet the Press":

"No one realized how bad the economy was. The projections, in fact, turned out to be worse. But we took the mainstream model as to what we thought — and everyone else thought — the unemployment rate would be."

"Everyone guessed wrong at the time the estimate was made about what the state of the economy was at the moment this was passed."

"The bottom line is that jobs are being created that would not have been there before."

"Can I claim credit that all of that’s due to the recovery package? No. But it clearly has had an impact."

Photo: Getty, courtesy of TIME

 


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Phil's Favorites

Ethereum: the transformation that could see it overtake bitcoin

 

Ethereum: the transformation that could see it overtake bitcoin

The crypto wars are hotting up. Wit Olszewski

Courtesy of Daniel Broby, University of Strathclyde

The world’s second most valuable cryptocurrency, ether, has been touching all-time highs in price ahead of a major upgrade of its underlying platform, ethereum. Ether is currently worth in aggregate just shy of US$500 billion (£363 billion). That’s still slightly less than half that of the biggest cryptocurrency, bitcoin.

...

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Digital Currencies

Ethereum: the transformation that could see it overtake bitcoin

 

Ethereum: the transformation that could see it overtake bitcoin

The crypto wars are hotting up. Wit Olszewski

Courtesy of Daniel Broby, University of Strathclyde

The world’s second most valuable cryptocurrency, ether, has been touching all-time highs in price ahead of a major upgrade of its underlying platform, ethereum. Ether is currently worth in aggregate just shy of US$500 billion (£363 billion). That’s still slightly less than half that of the biggest cryptocurrency, bitcoin.

...

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Zero Hedge

Another Massive Short Squeeze Leads To Spectacular 5Y Auction

Courtesy of ZeroHedge View original post here.

Similar to yesterday's stellar 2Y auction, which many were worried would see a drop in demand only to be silenced by the burst in demand due to a furious scramble for physical paper on the back of a record front-end short (which we previewed earlier in the week), so a quick look at just how special the 5Y TSY had become ahead of today&...



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Politics

Trump wants the National Archives to keep his papers away from investigators - post-Watergate laws and executive orders may not let him

 

Trump wants the National Archives to keep his papers away from investigators – post-Watergate laws and executive orders may not let him

Nixon resigned after tapes he had fought making public incriminated him in the Watergate coverup. Bettmann/Getty

Courtesy of Shannon Bow O'Brien, The University of Texas at Austin College of Liberal Arts

The National Archives is the United States’ memory, a repository of artifacts that includes everything from half-fo...



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Biotech/COVID-19

An infectious disease expert explains new federal rules on 'mix-and-match' vaccine booster shots

 

An infectious disease expert explains new federal rules on ‘mix-and-match’ vaccine booster shots

Discuss with your doctor whether or not you need a booster – and if so, which vaccine will work best for you. Justin Sullivan/Getty Images News via Getty Images

Courtesy of Glenn J. Rapsinski, University of Pittsburgh Health Sciences

Many Americans now have the green light to get a COVID-19 vaccine booster – and the flexibility to receive a different brand than the ori...



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Chart School

Price and Volume Swing Analysis on Bitcoin and Silver

Courtesy of Read the Ticker

Many take guidance from news, pundits or advisors. Well sometimes the swings of price and volume are a better measure of what happens next.

The big boys do not accumulate or distribute in single 1 second trade, they build positions over weeks, months and years. They use price swings in the market to build or reduce positions, and you can see their intent by studying swings of price and volume and applying Tim Ord logic as written in his book called 'The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks'.

Tim Ord is a follower of Richard Wyckoff logic, his book has added to the studies of Richard Wyckoff, Richard Ney and Bob Evans.

Richard Wyckoff after years of...

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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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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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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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