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WORK FROM HOME THREATENS COMMERCIAL REAL ESTATE VALUATIONS

Written on . Posted in PT Global Economy.

“I don’t see any way of avoiding a great deal of pain in the commercial real estate market in 2021. It is almost inevitable. My friends at the Federal Reserve and FDIC are becoming increasingly uncomfortable with what’s going on in the commercial real estate world.”

Cam Fine, Former President of Independent Community Bankers of America

CFOs: COVID-19 Work-from-Home Plans May Be Permanent - InformationWeek

WFH THREATENS COMMERCIAL REAL ESTATE VALUATIONS

Investors hold $3.4T in commercial real estate debt via bonds, direct loans, and securitized loan bundles.  Core city commercial real estate valuations could decline if millions of employees work from home (WFH) permanently. Most analysts assume that once virus infections are contained or ended by vaccinations, workers will flock back to cities.  The question is: will tens of thousands of workers commute to offices after buying homes in exurbs and other states?  The following chart shows the top metro areas for migration based on USPS move data.  Information services and banking centers are hotspots of migration to suburbs or other regions. A total of 238k workers have moved out of the top five urban areas since the pandemic started. Read More

Canada Invited Communist China To Come To Country To Participate In Military Exercises: Reports

Written on . Posted in PT World Order.

Canada’s leftist government reportedly invited communist China’s military to come to their country to train with Canadian soldiers in cold weather conditions, according to classified documents obtained by Rebel News.

“The department of Global Affairs pushed back against a decision last year by Canada’s top soldier to cut back on interactions with China’s People’s Liberation Army, warning Beijing might consider this a reprisal for the arbitrary arrest of two Canadians,”

The Globe and Mail reported. “Government documents, seen by The Globe and Mail and marked secret and for Canadian eyes only, show that officials at the highest levels of Global Affairs were alarmed that General Jonathan Vance, Chief of the Defence Staff, had cancelled winter military exercises with the PLA in 2019.”

Election 2020: America Votes – Foreign Policy

“In those same memos you’re talking about, Trudeau’s office was supporting China and condemning the Trump administration.

Dow futures sink more than 200 points as stimulus deal remains unresolved

Written on . Posted in PT Global Economy.

Stock futures were lower early Friday as the outlook for additional fiscal stimulus remained uncertain.

Futures on the Dow Jones Industrial Average indicated an opening loss of more than 200 points. S&P 500 and Nasdaq 100 futures also slid slightly into negative territory.

Senate Majority Leader Mitch McConnell’s staff informed congressional leadership offices that Senate Republicans likely would not support a $908 billion bipartisan proposal, according to NBC News. Earlier on Thursday, House Speaker Nancy Pelosi said that bipartisan negotiations were leading to “great progress.”

TRUMP’S HANUKKAH GIFT TO ISRAEL: PEACE WITH MOROCCO

Written on . Posted in PT Middle East.

 

In that day, The stock of Yishai that has remained standing Shall become a standard to peoples— Nations shall seek his counsel And his abode shall be honored. Isaiah 11:10 (The Israel BibleTM)

Morocco has agreed to normalize relations with Israel, announced U.S. President Donald Trump on Thursday.

“Another HISTORIC breakthrough today! Our two GREAT friends Israel and the Kingdom of Morocco have agreed to full diplomatic relations—a massive breakthrough for peace in the Middle East!” tweeted Trump.

Morocco latest country to normalise ties with Israel in US-brokered deal - BBC News

As his time in office winds down, Trump said Israel and Morocco would restore diplomatic and other relations, including the immediate opening of liaison offices in Rabat and Tel Aviv and the eventual opening of embassies. US officials said it would also include joint overflight rights for airlines. Read More

CHINESE MONEY LAUNDERER CALLED JAMES BIDEN AFTER FBI ARREST, WAS TRYING TO REACH HUNTER

Written on . Posted in PT World Order.

With Politico reporting on Wednesday that Hunter Biden’s criminal investigation covers potential money laundering, and CNN‘s Simon Prokupecz reporting that the feds are looking into a 2017 gift to Hunter from CEFC China Energy Co. founder Ye Jianming – a 2.8-carat diamond, let’s revisit a prime example of what one Chinese professor described as ‘friends in high places‘ within the Democratic party.

James Biden, a financier and brother of the former vice president, was in a hotel lobby in November 2017 when he got a surprise call on his cellphone. The call was from Patrick Ho, Mr. Ye’s lieutenant. Mr. Ho, 69, was in trouble.

Federal agents who had monitored CEFC’s rise since at least the summer of 2016 had sprung into action, arresting Mr. Ho in New York on allegations that he had bribed African officials in Chad and Uganda. Days later, federal agents showed up at Mr. Ye’s luxury apartment building across from Central Park with a subpoena to interview Mr. Ye, said people familiar with the matter.

In a brief interview, James Biden said he had been surprised by Mr. Ho’s call. He said he believed it had been meant for Hunter Biden, the former vice president’s son. James Biden said he had passed on his nephew’s contact information.  Read More

Melinda Gates Admits “We Hadn’t Really Thought Through the Economic Impacts”

Written on . Posted in PT Global Economy.

In a wide-ranging interview in the New York Times, Melinda Gates made the following remarkable statement:

“What did surprise us is we hadn’t really thought through the economic impacts.”

The 2020 version of “Let them Eat Cake’ …

It’s a maddening statement, to be sure, as if “economics” is somehow a peripheral concern to the rest of human life and public health. The larger context of the interview reveals the statement to be even more confused.

She is somehow under the impression that it is the pandemic and not the lockdowns that are the cause of the economic devastation that includes perhaps 30% of restaurants going under, among many other terrible effects.

Read More

17 states tell Supreme Court they support Texas bid to reverse Biden win

Written on . Posted in PT World Order.

  • Seventeen states told the Supreme Court that they support an effort by Texas Attorney General Ken Paxton to sue to effectively reverse President-elect Joe Biden’s projected win in the Electoral College.
  • The filing came a day after Paxton asked the Supreme Court for permission to sue Georgia, Michigan, Pennsylvania and Wisconsin over their election results, which Biden won in all instances
  • President Donald Trump filed a motion to intervene in the case “in his personal capacity” as a presidential candidate.
  • Trump defeated Biden in the popular vote of the states supporting Paxton’s bid. Read More 

ATTEMPT TO SHUT DOWN HANUKKAH IN ISRAEL MIRACULOUSLY FAILS: ‘A MESSIANIC OMEN’

Written on . Posted in PT Middle East.

Toward evening he shall bathe in water, and at sundown he may reenter the camp. Deuteronomy 23:12 (The Israel BibleTM)

After deliberating a curfew as an anti-pandemic measure, the Israeli government opted out, inadvertently bringing about a prophecy of Hanukkah remaining in place while the other, Biblically mandated holidays will disappear in the era of the final redemption.

GOVERNMENT BACKS DOWN; CURFEWS DEEMED ILLEGAL

The Israeli government was planning on imposing a nightly three-week curfew beginning Wednesday evening and extending throughout the Hanukkah holiday but encountered legal difficulties from the “Coronavirus law”.

Read More

 

Suspects Arrested in Iranian Nuclear Scientist Assassination

Written on . Posted in PT Middle East.

“The perpetrators of this assassination, some of whom have been identified and even arrested by our security apparatus, will not escape justice and will be dealt with severely,” Senior adviser to the Iranian parliament speaker for international affairs Hossein Amir Abdollahian told the network.

Amir Abdollahian also said that Israel was involved in the terrorist act but it was unable to accomplish the assassination without the help of others.

“Regarding the assassins and organizers of the assassination, there is various evidence that the Zionists were involved in this issue, but whether the Zionists were able to do it alone and without the complicity of the US spy agency or other agencies, they certainly could not do it,” he said.

Fakhrizadeh, a senior nuclear and defense scientist, was assassinated in a small city east of Tehran on November 27.

Read More

BREAKING: Biden says he will force Americans to wear masks for 100 days, calls it a ‘patriotic act’

Written on . Posted in PT World Order.

Former Vice President Joe Biden has promised to force Americans to wear a mask for 100 days should he assume office in January, calling it a “patriotic act.” During an address earlier today, Biden broached the subject of mandatory mask wearing by noting that he will enforce masks wherever possible.

“My first 100 days is going to require — I’m going to ask for a masking plan — everyone, for the first 100 days of my administration, to wear a mask.

Read More