Liberal Logic Update
So…South Carolina absentee ballots just happen to show up in Maryland? No big deal, right libs???
About 20 Charleston County absentee ballots were found in Maryland this week as the Democrat Party’s effort to gradually move all states to vote-by-mail continues, while the GOP warns that such moves will lead to voter fraud, inaccuracy, and abuse.
According to Charleston’s Post and Courier, the ballots “have since made their way to Charleston-area voters, state and county election officials said, but it is just the latest problem with SeaChange Print Innovations, which prints and mails absentee ballots for 13 S.C. counties.”
South Carolina election officials are viewing the latest mistake as a final straw, as some Greenville County voters previously received the wrong ballots this year, and “some Charleston County voters received ballots that were folded in a way that could make them tougher to read by scanning machines,” South Carolina Election Commission spokesman Chris Whitmire said.
“We’re not getting a warm and fuzzy feeling that they can handle this,” Whitmire said. “We are actively seeking sustainable solutions.”
The incident speaks to a broader national issue, as Democrats use fears surrounding the Chinese coronavirus to urge state leaders to adopt vote-by-mail options for the upcoming elections — a move Republicans warn is fraught with the potential for error and abuse.
Federal data revealed that 16.4 million mail-in ballots went missing in the 2016 and 2018 elections.
Oh wow, classic Trump!
President Donald Trump suggested Thursday that he was considering attending the upcoming SpaceX rocket launch, which will feature the first NASA-manned mission to space on a privately built ship. In the brief remarks, the president also encouraged reporters to join him on the trip, joking that he’d like to put some of them on the rocket.
“I’m thinking about going, that will be next week, to the rocket launch. I hope you’re all going to join me,” Trump told reporters on the White House lawn on Thursday afternoon. “I’d like to put you on the rocket, and get rid of you for a while.”
Hahahahahahaha!!! That is too good!
The launch, which is scheduled for Wednesday, May 27 at 4:33pm Eastern Standard Time, has also drawn buzz from Vice President Mike Pence, who commended the mission for ushering in “the trailblazers of a new era” of space exploration while meeting with the National Space Council on Tuesday.
SpaceX founder Elon Musk, who has received widespread attention for his role at Tesla and his recent critiques of government lockdowns, has been hyping the launch on Twitter. On Thursday afternoon, Musk retweeted a video from SpaceX showing Falcon 9, the rocket, and Crew Dragon, the human capsule, going vertical on the launch pad in Florida.
U.S. stocks have rallied sharply since the March tumble, while bond yields are deeply depressed, hovering near all-time lows, but, in a recent analysis, Peter Berezin, chief global strategist for BCA Research, lays out a straightforward — if bleak — explanation.
The coronavirus pandemic is likely to pummel Main Street while leaving Wall Street relatively unscathed, Berezin writes, and asset prices are reflecting exactly that scenario.
“Bonds and industrial commodities tend to reflect the outlook for the real economy (i.e., Main Street) whereas stocks reflect the outlook for corporate earnings (i.e., Wall Street),” Berezin writes. “The two often move together but can occasionally diverge in important ways.”
This is one such occasion. As he notes, “the real economy is suffering.” Millions are unemployed, and the most vulnerable people in the economy have been hit hardest.
Despite that, stocks can keep churning higher. The asset class, broadly, is just fine: “Tech and health care are the two largest sectors in the S&P 500,” Berezin notes.
“The former has benefited from the shift towards digital commerce in the wake of the pandemic, while the latter is a highly defensive sector that has gained from the flurry of interest in new treatments for the disease.” The heavy weighting of technology over other beaten-down sectors and industries, such as travel and banks, helps investors avoid the distress there.
As for bond yields, Berezin argues that ultra-low yields may not necessarily signal weak economic growth ahead. Unlike some analysts, he is not convinced that the current downturn has lowered long-term trend growth, writing that “while some brick and mortar stores will disappear, this was part of a long-term shift toward a digital economy — a shift that has been raising productivity levels, rather than lowering them.”
Bond investors are betting that central banks will keep interest rates near rock-bottom lows, while fiscal stimulus may also boost consumer and corporate demand.
And, Berezin writes, “equity investors are hoping for an outcome where fiscal policy is eased by enough to eventually restore full employment while interest rates stay low well beyond that point in order to induce the private sector to keep spending: A win-win combination for stocks.”
A 99-year-old World War II veteran who was hospitalized in Kansas last month has beaten COVID-19.
Retired Marine Max Deweese was admitted into St. Luke’s South Hospital on April 10 and walked out of the rehab facility on May 7 after defeating the virus.
“I’m a warrior, not a worrier,” he said. “And I try not to worry about things.”
The Marine fought in Japan during WWII and earned two Purple Hearts for his service.
Family, friends, Marines and health care workers lined the streets as Deweese left the hospital to celebrate his recovery.
“I have been so blessed with friendship and love from these people,” Deweese said.
“There’s nothing can replace it. Nothing. And hopefully it makes me a little better man than I was before I started.”
Although he needed to be quarantined for two more weeks at home, he looks forward to playing golf and spending time with his best friend, fellow WWII Marine Jerry Ingram.