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Joe Biden’s $15 Minimum Wage Could Kill More than 1.3 Million Jobs

Written on . Posted in PT Global Economy.

Breitbart: President-elect Joe Biden’s proposal to raise the national minimum wage to $15 an hour could put more than 1.3 million Americans out of work.

On Thursday, Biden unveiled his $1.9 trillion dollar spending plan meant to tackle the economic consequences of the novel coronavirus pandemic. The president-elect’s proposal, which seeks to allocate more money for vaccine distribution and provides a bailout for cities and states hit hardest by the virus, also includes a trove of progressive priorities.

 

Despite Biden’s desire to put an end to the “real pain overwhelming” the economy, his proposal to raise the minimum wage to $15 could have the opposite effect.

A study conducted by the bipartisan Congressional Budget Office (CBO) in July 2019 found that raising the federal minimum wage from the current rate of $7.25 an hour to $15 an hour, even if done incrementally over five years, would likely result in more than 1.3 million jobs lost. Read More

 

Israel is launching Covid Immunity Passports. Here’s what they allow you to do

Written on . Posted in PT Middle East.

CNBC: Less than a month after receiving its first shipments of the Pfizer-BioNTech jab, Israel has vaccinated around 20% of its population.

  • Essentially an immunity passport announced by the Ministry of Health earlier this week, the “green booklet” would be given to people who’ve received two doses of the vaccine.

Israel has been lauded for deploying what is currently the fastest Covid-19 vaccination campaign in the world.

A healthcare worker administers a Covid-19 vaccine at Clalit Health Services, in the ultra-Orthodox Israeli city of Bnei Brak, on January 6, 2021.

 

Vaccinated people holding the booklet would be “eligible for relaxed restrictions in destinations around the world,” the ministry’s website said. Read More

Big Tech Coalition Is Developing a Digital COVID Vaccination Passport

Written on . Posted in PT World Order.

Breitbart: A coalition of tech and health organizations including Oracle, Microsoft, and the Mayo Clinic, is reportedly working to develop a digital COVID-19 vaccination passport that would allow businesses, airlines, and governments to check if individuals have received the vaccine.

The Hill reports that a coalition of health and technology organizations are working to develop a new digital COVID-19 vaccination passport that could be checked by businesses, airlines, and countries to confirm if an individual has received the vaccine. The coalition includes tech giants such as Microsoft and Oracle, along with the Mayo Clinic.

Covid Vaccine Digital Credentials See Interest From Microsoft, Salesforce - The New York Times

On Thursday, the Vaccination Credential Initiative announced that it is developing technology to confirm vaccinations in case governments mandate that people provide proof that they have received a vaccination in order to travel.

The coalition hopes that the tech will allow people to “demonstrate their health status to safely return to travel, work, school and life while protecting their data privacy.” The group is using work from the Commons Project’s international digital document that verifies a person has tested negative for COVID-19. Read More

Shin Bet Receives Extension to Tap Personal Cell Phones

Written on . Posted in PT Middle East.

Jerusalem Online: The Foreign Affairs and Defense Committee has voted to extend until January 20, 2021 the authorization given to the Israel Security Service (Shin Bet) to use phone tracking to detect coronavirus carriers and those who came in contact with them. The government originally requested that the authorization be extended until January 28.

Shin Bet - Wikipedia

In late July the Knesset plenum passed a law authorizing the Shin Bet to assist in the national efforts to curb the spread of the novel coronavirus .

Under the terms of the law, the government may grant the Shin Bet this authorization for a period that shall not exceed 21 days, until the temporary order expires. The authorization may be extended. Following the government’s approval, the decision is transferred to the Foreign Affairs and Defense Committee for approval. The temporary order was due to expire on January 20, 2021.

However, Article 38 of Basic Law: the Knesset states that “Any enactment due to expire during the last two months of the term of office of the outgoing Knesset or within four months after the Knesset has decided to dissolve itself or during the first three months of the term of office of the incoming Knesset shall continue in force until the expiration of the said three months.” In accordance with the law, the temporary order will remain valid until July 6, 2021. Read More

New Lockdowns In Europe Put The Brakes On The Oil Demand Rebound

Written on . Posted in PT Global Economy.

Daily Wire: Road traffic and transportation fuel demand in most of Europe at the start of 2021 is likely at its weakest since the end of the first lockdowns in the late spring, according to Bloomberg estimates and analysts, as more people stay at home with renewed lockdowns to fight soaring COVID-19 cases.

Despite the start of vaccinations in Europe, many countries continue to battle record daily new coronavirus cases and have been on lockdown, again, since before Christmas.  Read More

Rams just earned two extra draft picks thanks to a new NFL rule and the Saints could be next

Written on . Posted in PT World Order.

CBS Sports: The Los Angeles Rams are going to have one extra pick in each of the next two drafts thanks to a new NFL rule that was implemented barely two months ago. Back in November, the NFL’s 32 owners approved a resolution that called for teams to be rewarded any time a minority member of their organization was hired away by another team to be either a head coach or a general manager. The idea behind the new rule was to encourage teams to hire more minority coaches and executives and develop them.

Under the new rule, any team that loses a minority coach or executive to a head coach or GM job will be compensated with two third-round picks that will be awarded as one pick in two consecutive years.

Falcons interview Brad Holmes a second time for GM vacancy, per report

The first benefactor of this new rule is the Rams, who just lost their director of college scouting, Brad Holmes, to the Lions. According to multiple reports, Holmes has agreed to a five-year deal to become the general manager in Detroit. Since the Rams lost a minority employee to another team, the NFL is now going to award them two third-round picks with one coming in 2021 and the second one coming in 2022.

If a team loses a second employee to a head coach or GM job, then that club will receive three third-round picks that will be spread out over three consecutive years. Read More

 

Abbas’ advisor praises rock thrower: “May his hands be blessed”‎

Written on . Posted in PT Middle East.

  • PA: “Rocks frighten the Israelis” – praise for rock thrower

  • Palestinian rock throwing is lethal

Palestinian Media Watch: The picture above of an older Palestinian man throwing a rock with a sling ‎shot would almost be comical if rocks being thrown by Palestinians were just ‎a game and not a lethal weapon with which Israelis have been murdered.‎

The PA claims rock throwing is “peaceful resistance,” but in reality it is an act ‎of terror and thousands of Israelis have been injured and some have been ‎murdered by rocks thrown by Palestinians, among them, for example, these ‎victims: ‎

Asher Palmer (25) and his infant son Yonatan were murdered by a ‎Palestinian who threw a rock at their car, making it overturn, killing ‎them both in 2011. ‎

Adele Biton (3) was driving with her mother and siblings in 2013, ‎when Palestinians threw rocks at their car, causing Adele’s mother to ‎lose control of the car, which crashed. Adele sustained severe head ‎injuries and never recovered. She died in 2015.‎

Alexander Levlovitch (64) was murdered by Palestinian terrorists who ‎threw rocks at his car and caused it to crash in 2015.‎

Israeli soldier Amit ben Yigal (21) was murdered by a Palestinian ‎terrorist who threw a rock down on his head from a building in 2020.‎ Read More

Blaming “Lower Interest Rates,” Northern Trust, the #3 Trust Bank, Quietly Laid Off 500 People #2 BNY Mellon Quietly Followed

Written on . Posted in PT Global Economy.

“Lower interest rates… reduced our earnings in 2020 and will put pressure on our profitability this year.” After having promised, no layoffs in 2020. But this is 2021.”

Wolf Street: Northern Trust Corporation’s promise early in the Pandemic to abstain from layoffs in 2020 expired on January 1, and last week, the layoffs happened. There was no announcement of the layoffs, and as of this moment, there still hasn’t been a public announcement, but on January 7, two days after people started reporting that they’d been laid off, or that some of their colleagues had been laid off, Chairman and CEO Mike O’Grady sent an email to the remaining employees about the layoffs, the “majority” of which had been “completed earlier this week” he said – meaning January 4th through 6th.

Mike O’Grady said in the email, which WOLF STREET has reviewed, that the bank made “the extremely difficult decision” to lay off 500 people, or “about 2.5% of our partners.”

“To create value now, and in the future, we must adapt and improve,” O’Grady wrote.

Northern Trust, with $2.1 trillion in fiduciary assets, is the third largest FDIC-insured trust bank by fiduciary asset. Read More

Biden Inaugural: National Guard Troops Authorized to Use Lethal Force as D.C. Turns Into Police State

Written on . Posted in PT World Order.

Gateway Pundit: National Guard troops deployed in Washington, D.C. for the Biden inaugural in the wake of the storming of the Capitol last week have been authorized to use lethal force, according to a report by U.S. News that cited a Defense Department official. The D.C. National Guard had issued a statement Wednesday that troops under its command had been authorized to carry weapons.

Photos show hundreds of National Guard troops at U.S. Capitol

A reported 20,000 troops are being deployed in the nation’s capital. Checkpoints have been established. Razor wire topped fencing has been erected around the Capitol and Supreme Court, large swaths of official Washington have been blocked to vehicular traffic. Many Metro stations in downtown D.C. are completely closed.

The Washington Monument is closed and the National Mall is set to be closed. Airbnb cancelled all reservations in the D.C. area for the period of the inauguration. Hotels are being pressured to do the same. The message to Americans is stay away from D.C. Read More

Stock futures lower as Biden unveils $1.9 trillion stimulus plan

Written on . Posted in PT Global Economy.

CNBC: Stock futures were lower early Friday morning after President-elect Joe Biden announced details of a $1.9 trillion stimulus plan, one of the top agenda items when his administration begins next week.

Futures contracts tied to the Dow Jones Industrial Average were down 116 points. Those for the S&P 500 and the Nasdaq 100 both traded in negative territory.

Biden’s proposal, called the American Rescue Plan, includes increasing the additional federal unemployment payments to $400 per week and extending them through September, direct payments to many Americans of $1,400, and extending the federal moratoriums on evictions and foreclosures through September.