No Fuel...

 

Surging energy prices are stoking tensions in Europe over the green transition, with European Union countries fractured in their views on climate change policies. Wealthier nations want to keep up the pressure to quit fossil fuels while poorer ones, worried about the cost to the consumer, are wary.

The United States has not ruled out tapping into its strategic petroleum reserves, which it typically only does after major supply disruptions such as hurricanes, or pursuing a ban on oil exports to bring down the cost of crude oil,  or bad decision by the administration.

Britain's energy regulator warned that energy bills are likely to rise significantly in April.

Hungary's Prime Minister Viktor Orban blamed European Union action to combat climate change for the current crisis and said Poland and Hungary would present a united front at the next EU summit.

Analysts have said rising gas prices are the main driver of European electricity costs, while the soaring cost of permits on the EU carbon market has contributed around a fifth of the power price increase.  Just a "no energy" thought.

Misused ..

 

New York City Mayor Bill de Blasio has not paid back nearly $320,000 in public money used to fund the security detail that traveled with him during his aborted presidential campaign, a new report said.
The city investigators looking into the use of de Blasio's security detail also concluded that the officer in charge of the mayor's security unit "actively obstructed and sought to thwart" their probe.

The 47-page report from the New York City Department of Investigations came more than two years after the investigators launched a probe into allegations that de Blasio's security detail had been misused for personal or political benefit. The probe looked at the use of security resources by de Blasio's children and staff members, as well as whether the city had been stuck with the bill for de Blasio's use of the security detail during his presidential bid.

The report arrived as de Blasio, who will step down as mayor when his final term ends this year, is reportedly planning a run for governor.

The report concluded that the EPU was misused when its members helped the mayor's daughter, Chiara de Blasio, lift a futon into and out of an NYPD sprinter van during her move to Gracie Mansion from her apartment.       Just a thought.

Taxing...

 

 A group of 136 countries have agreed to a global treaty that would tax large multinationals at a minimum rate of 15% and require companies to pay taxes in the countries where they do business.

Estonia, Hungary and -- most notably -- Ireland joined the agreement. It is now supported by all nations in the Organization for Economic Cooperation and Development and the G20. The countries that signed on to the international treaty represent more than 90% of global GDP. Four countries that participated in the talks -- Kenya, Nigeria, Pakistan and Sri Lanka -- have not yet joined the agreement.

The Biden administration breathed new life into the global initiative earlier this year and secured the support of the G7 countries in June, paving the way for a preliminary deal in July.

With that done, there are many other benefits Ireland can offer the various International Businesses looking for a tax haven.  Just a thought.

Prohibited...

 

California became the first state to prohibit “stealthing,” or removing a condom without permission during intercourse, after Gov. Gavin Newsom signed a bill into law Thursday.

The new measure amends the state's civil code, adding the act to the state’s civil definition of sexual battery. That makes it clear that victims can sue perpetrators for damages, including punitive damages.

It makes it illegal to remove condoms without obtaining verbal consent.   Legislative analysts said then that it could already be considered misdemeanor sexual battery, though it is rarely prosecuted given the difficulty in proving that a perpetrator acted intentionally instead of accidentally.

The Erotic Service Providers Legal Educational Research Project supported the bill, saying it could allow sex workers to sue clients who remove condoms.

Pitman

 

A federal judge has blocked enforcement of Texas' controversial new abortion law, granting an emergency request from the Justice Department.
The department sought the preliminary injunction just days after it sued Texas over its new abortion law. Known as SB 8, the law bans almost all abortions in the state after about six weeks.

In his 113-page ruling, U.S. District Court Judge Robert Pitman said that from the moment SB 8 went into effect last month, "women have been unlawfully prevented from exercising control over their lives in ways that are protected by the Constitution."

He added: "[O]ther courts may find a way to avoid this conclusion is theirs to decide. This Court will not sanction one more day of this offensive deprivation of such an important right."

Attorney General  Garland said in a statement. "We will continue to protect constitutional rights against all who would seek to undermine them."

Merk...

 

The New Jersey-based pharmaceutical giant Merck is facing accusations of price gouging after it charged the U.S. over $700 per patient for a taxpayer-funded coronavirus treatment that, according to research, costs just $17.74 to produce.

Last week, Merck announced plans to request emergency federal authorization for molnupiravir after a late-stage clinical trial showed that a five-day course of the antiviral drug cut the risk of COVID-19 hospitalization or death in half in patients with mild-to-moderate cases.

The same day Merck unveiled the results of the trial and White House officials hailed the drug as another possible tool against COVID-19, the "New York Times" reported that "the federal government has placed advance orders for 1.7 million courses of treatment, at a price of about $700 per patient"—far more than the estimated cost of manufacturing the drug.

Dean Baker, a senior economist at the Center for Economic and Policy Research, noted that the $712 price-per-course price the U.S. government is set to pay for molnupiravir amounts to a roughly 4,000% markup.

"Quartz"'s Annalisa Merelli reported last week that with Merck expecting to produce 10 million courses of molnupiravir before the end of 2021, the company "could bring in revenue up to $7 billion."

Now practicing hate of the pharmaceutical companies that produce a medication to cure a disease that killed 700,000 persons and cost 6 trillion dollars among other problems.

Just a thought.

Janice...

 

Idaho Lt. Gov. Janice McGeachin on Tuesday issued an executive order      banning  vaccine mandates and required coronavirus testing in schools and colleges in the state, prompting Gov. Brad Little to say he had not authorized her to act on his behalf while he was at the U.S-Mexico border. 

Little said he would "rescind" any executive orders McGeachin issues while he is away and she is acting governor, including her attempt this week to send National Guard troops to the border. 

The new executive order also prevents employers from requiring their employees to be vaccinated against COVID-19 and is an extension of one Little issued in April that banned mandates at state facilities not including schools, according to the Idaho Statesman. 

McGeachin said she had "fixed" the order. "I will continue to fight for your individual liberty!" she tweeted. 

Idaho population in 2021 is expected to be 1.85 million, ranks 39th by population rank in US. Its area is 83,569 square miles fourteenth position by area rank.

On the other hand New York State Population is : 19,453,561 on a surface Area of : 141,297 km2

Dude...

 

I Can...

 

In his initial acts as the 46th US president, President Biden signed 15 executive orders - the first to boost the federal response to the coronavirus crisis.

Other orders reversed the Trump administration's stance on climate change and immigration.

Well six month later, Covid Death is 700,000.

Wall Street is on way to a disaster

South Boarder... Don't ask.   Just a thought.

Shift...

 

ARK Investment Management, the firm run by Cathie Wood, is joining the financial industry’s shift south to Florida.

ARK is closing its New York office permanently at the end of October and relocating its corporate headquarters to St. Petersburg, 

 The firm, will build an innovation center meant to “retain and attract top talent” in the Tampa Bay region.

Florida has seen a burst of interest from investment firms since the start of the pandemic as the work-from-home revolution pushes companies to reconsider their presence in pricey business hubs such as New York and San Francisco, with much of that interest in Palm Beach and Miami.

Florida’s lower taxes have proved popular for the finance industry, particularly after Covid-19 walloped New York. So far, many of the moves tend to be satellite or second offices, with relatively few headquarters.

ARK joins Paul Singer’s Elliott Investment Management in setting up a Florida headquarters. The hedge fund is moving to West Palm Beach from Manhattan. Just a "high Tax" thought.