newswars--2020-08-03--The Fed Is Planning To Send Money Directly To Americans In The Next Crisis

Over the past decade , the one common theme despite the political upheaval and growing social and geopolitical instability , was that the market would keep marching higher and the Fed would continue injecting liquidity into the system .
The second common theme is that despite sparking unprecedented asset price inflation , price as measured across the broader economy ( at least using the flawed CPI metric ) would remain subdued ( as a reminder , the Fed is desperate to ignite broad inflation as that is the only way the countless trillions of excess debt can be eliminated and @ @ @ @ @ @ @ do so ) .
The Fed ’ s failure to reach its inflation target has sparked broad criticism from the economic establishment , even though as we showed in June , deflation is now a direct function of the Fed ’ s unconventional monetary policies as the lower yields slide , the lower the propensity to spend .
In other words , the harder the Fed fights to stimulate inflation , the more deflation and more saving it spurs as a result ( incidentally this is not the first time this “ discovery @ @ @ @ @ @ @ wrote “ One Bank Makes A Stunning Discovery – The Fed ’ s Rate Cuts Are Now Deflationary “ ) .
In short , ever since the Fed launched QE and NIRP , it has been making the situation it has been trying to “ fix ” even worse , all the while blowing a massive asset price bubble .
And having recently accepted that its preferred stimulus pathway has failed to boost the broader economy , the blame has fallen on how monetary policy is intermediated , specifically the way the Fed @ @ @ @ @ @ @ commercial banks instead of “ tricking down ” all the way to the consumer level .
To be in the aftermath of the covid pandemic shutdowns the Fed has tried to short-circuit this process , and in conjunction with the Treasury it has launched “ helicopter money ” which has resulted in a direct transfer of funds to US corporations via PPP loans , as well as to end consumers via the emergency $ 600 weekly unemployment benefits which however are set to expire unless renewed by Congress as explained last week , @ @ @ @ @ @ @ fiscal stimulus will be implemented next .
Ad yet , the lament is that even as the economy was desperately in need of a massive liquidity tsunami , the funds created by the Fed and Treasury ( now that the US operates under a quasi-MMT regime ) did not make their way to those who need them the most : end consumers .
Which is why we read with great interest a Bloomberg interview published on Saturday with two former central bank officials : Simon Potter , who led the Federal Reserve Bank @ @ @ @ @ @ @ i.e.
, he was the head of the Fed ’ s Plunge Protection Team for years , and Julia Coronado , who spent eight years as an economist for the Fed ’ s Board of Governors , who are among the innovators brainstorming solutions to what has emerged as the most crucial and difficult problem facing the Fed : get money swiftly to people who need it most in a crisis .
The response was striking : they two propose creating a monetary tool that they call recession insurance bonds , which draw @ @ @ @ @ @ @ payments , which will be wired instantly to Americans .
As Coronado explains the details , Congress would grant the Federal Reserve an additional tool for providing support—say , a percent of GDP [ in a lump sum that would be divided equally and distributed ] to households in a recession .
Recession insurance bonds would be zero-coupon securities , a contingent asset of households that would basically lie in wait .
The trigger could be reaching the zero lower bound on interest rates or , as economist Claudia Sahm has proposed , @ @ @ @ @ @ @ unemployment rate .
The Fed would then activate the securities and deposit the funds digitally in households ’ apps .
As Potter then elucidates , “ it took Congress too long to get money to people , and it ’ s too clunky .
We need a separate infrastructure .
The Fed could buy the bonds quickly without going to the private market .
On March 15 they could have said interest rates are now at zero , we ’ re activating X amount of the bonds , and we ’ ll be @ @ @ @ @ @ @ this level , we ’ ll buy more .
The bonds will be on the asset side of the Fed ’ s balance sheet ; the digital dollars in people ’ s accounts will be on the liability side.
” And that , in a nutshell , is how the Fed will stimulate the economy in the next crisis in hopes of circumventing the reserve creation process : it will use digital money apps ( which explains the Fed ’ s recent fascination with cryptocurrency and digital money ) to transfer money directly @ @ @ @ @ @ @ , the narrative is already set for how the Fed will “ sell ” this direct transfer of money to the rest of the world and the broader US population : as Coronado explains “ it ’ s the most efficient from a macroeconomic standpoint in supporting spending and confidence .
The fear of unemployment acts as an accelerant on a recession .
There ’ s a shock—people are losing their jobs or worry about losing their jobs .
They get very risk-averse .
[ By ] getting money to consumers you can @ @ @ @ @ @ @ recession.
” So there you have it : the one thing that was missing from a decade of monetary tinkering by the Fed , the spark of inflation , will finally arrive as the Fed gives money to those most likely to spend it : the lower and middle classes of society .
But wait , there ’ s more : now that the Fed is implicitly focusing on racial inequality , and soon explicitly with Joe Biden going so far as to urge the Fed to fight “ racial economic inequality ” @ @ @ @ @ @ @ an op-ed in which he said the Fed “ should have a third mandate on racial inquality “ , the stage is now set for the Fed to specifically release funds for those who have “ suffered from inequality ” , and once the time comes when the narrative allows to deploy reparations or direct funding to minorities , the Fed will be ready .
Below we republish the Bloomberg Markets interview with Coronado and Potter because it lays out , very clearly , just what the next monetary stimulus will look like @ @ @ @ @ @ @ and money is about to be sent by the Fed directly to those Americans the Fed finds to be “ in need.
” JULIA CORONADO : Congress would grant the Federal Reserve an additional tool for providing support—say , a percent of GDP [ in a lump sum that would be divided equally and distributed ] to households in a recession .
Recession insurance bonds would be zero-coupon securities , a contingent asset of households that would basically lie in wait .
The trigger could be reaching the zero lower bound on interest @ @ @ @ @ @ @ has proposed , a 0.5 percentage point increase in the unemployment rate .
The Fed would then activate the securities and deposit the funds digitally in households ’ apps .
And so instead of these gyrations we ’ ve been going through to get money to households , it would happen instantaneously .
SIMON POTTER : It took Congress too long to get money to people , and it ’ s too clunky .
We need a separate infrastructure .
The Fed could buy the bonds quickly without going to the private market @ @ @ @ @ @ @ said interest rates are now at zero , we ’ re activating X amount of the bonds , and we ’ ll be tracking the unemployment rate—if it increases above this level , we ’ ll buy more .
The bonds will be on the asset side of the Fed ’ s balance sheet ; the digital dollars in people ’ s accounts will be on the liability side .
BM : Aside from speed , what are the main advantages of this approach ?
JC : It ’ s the most efficient @ @ @ @ @ @ @ and confidence .
The fear of unemployment acts as an accelerant on a recession .
There ’ s a shock—people are losing their jobs or worry about losing their jobs .
They get very risk-averse .
[ By ] getting money to consumers you can limit the depth and duration of a recession .
And you could actually generate real inflation .
It could be beneficial for not only avoiding negative rates but creating a more healthy interest-rate market , a more healthy yield curve .
BM : What are the origins of @ @ @ @ @ @ @ of England has proposals for digital currency .
And a number of people have talked about the need for monetary financing—the idea that the interest-rate tool is simply less effective in lower growth , slower credit growth economies .
Helicopter money [ making direct payments to the public ] goes back to Milton Friedman , but Ben Bernanke revisited it .
Some people proposed doing that through financing fiscal stimulus .
We think going directly to consumers is more efficient than wading through that sticky fiscal process .
BM : This policy could @ @ @ @ @ @ @ : It ’ s not a replacement for fiscal policy .
It makes sense from a fiscal perspective , for example , to authorize unemployment insurance benefits for people who lose their jobs and other assistance for medical-care providers in the current situation .
SP : The central bank is not elected .
It can not make allocation decisions about fiscal transfers .
It ’ s now being pushed to make allocation decisions around credit with the Treasury , because we believe this situation is so unique that the private sector can not @ @ @ @ @ @ @ way to do this would be a lump sum .
Not in the way Congress did it .
We ’ d take the bluntness of monetary policy and say anyone who ’ s eligible should get the same amount of bonds .
Fiscal controls could use the same infrastructure .
The imperative to invest in it is high .
Nearly all Treasury payments at some point touch the Fed because it ’ s the Treasury ’ s bank .
The digital payment providers—called interface providers in the Bank of England proposal—would manage these @ @ @ @ @ @ @ and Treasury .
BM : What are the objections from the Fed , and other challenges ?
SP : The reaction from some of my former colleagues a while ago to the notion of helicopter money was not the most embracing .
Some of those concerns have disappeared .
The two objections were related to the switch of deposits in normal times from the traditional banking system into digital accounts and the extra stress in crisis times as people want to get safe .
An account with the central bank is safe because @ @ @ @ @ @ @ to honor that claim .
A private bank can ’ t do that because their asset side has all kinds of credit on it .
What we ’ ve created is a narrow bank-type model [ narrow banks only take deposits and invest them in the safest assets ] that ’ s small and fit for purpose , with a cap of $ 10,000 [ per person ] .
JC : One challenge is making it profitable for digital providers .
We want strict limitations on the fees so we ’ re reaching @ @ @ @ @ @ @ also want a public-private partnership with a diversity of competitors jumping into this market .
Privacy is just as important , because one thing that might induce them is access to people ’ s data .
As the Fed , are you blessing that , and what structure do you put around that ?
SP : We ’ ll all have to deal with deep questions of privacy in the digital world .
One of the issues Congress had in passing the Cares Act is identifying who ’ s got mainly tip income @ @ @ @ @ @ @ days .
If society wanted , you could use large datasets to direct fiscal transfers to those people .
But that ’ s a job for Congress .
BM : Have you seen similar trials elsewhere ?
SP : Sweden is a leader in thinking about this in part because they had a large decline in cash use .
China is testing versions of digital currency .
Fintech firms in the U.S. are interested in this—there ’ s a stable coin version of our proposal .
There ’ s easily sufficient innovation within @ @ @ @ @ @ @ to do it in a way that ’ s well regulated and serving the public purpose is something the Fed should focus on over the next few years .
It would be a key accomplishment of the Fed and Treasury to get this infrastructure in place .

Over the past decade, the one common theme despite the political upheaval and growing social and geopolitical instability, was that the market would keep marching higher and the Fed would continue injecting liquidity into the system.
The second common theme is that despite sparking unprecedented asset price inflation, price as measured across the broader economy (at least using the flawed CPI metric) would remain subdued (as a reminder, the Fed is desperate to ignite broad inflation as that is the only way the countless trillions of excess debt can be eliminated and yet it has so far failed to do so).
The Fed’s failure to reach its inflation target has sparked broad criticism from the economic establishment, even though as we showed in June, deflation is now a direct function of the Fed’s unconventional monetary policies as the lower yields slide, the lower the propensity to spend. In other words, the harder the Fed fights to stimulate inflation, the more deflation and more saving it spurs as a result (incidentally this is not the first time this “discovery” was made, in December we wrote “One Bank Makes A Stunning Discovery – The Fed’s Rate Cuts Are Now Deflationary“).
In short, ever since the Fed launched QE and NIRP, it has been making the situation it has been trying to “fix” even worse, all the while blowing a massive asset price bubble.
And having recently accepted that its preferred stimulus pathway has failed to boost the broader economy, the blame has fallen on how monetary policy is intermediated, specifically the way the Fed creates excess reserves which end up at commercial banks instead of “tricking down” all the way to the consumer level.
To be in the aftermath of the covid pandemic shutdowns the Fed has tried to short-circuit this process, and in conjunction with the Treasury it has launched “helicopter money” which has resulted in a direct transfer of funds to US corporations via PPP loans, as well as to end consumers via the emergency $600 weekly unemployment benefits which however are set to expire unless renewed by Congress as explained last week, as Democrats and Republicans feud over which fiscal stimulus will be implemented next.
Ad yet, the lament is that even as the economy was desperately in need of a massive liquidity tsunami, the funds created by the Fed and Treasury (now that the US operates under a quasi-MMT regime) did not make their way to those who need them the most: end consumers.
Which is why we read with great interest a Bloomberg interview published on Saturday with two former central bank officials: Simon Potter, who led the Federal Reserve Bank of New York’s markets group i.e., he was the head of the Fed’s Plunge Protection Team for years, and Julia Coronado, who spent eight years as an economist for the Fed’s Board of Governors, who are among the innovators brainstorming solutions to what has emerged as the most crucial and difficult problem facing the Fed: get money swiftly to people who need it most in a crisis.
The response was striking: they two propose creating a monetary tool that they call recession insurance bonds, which draw on some of the advances in digital payments, which will be wired instantly to Americans.
As Coronado explains the details, Congress would grant the Federal Reserve an additional tool for providing support—say, a percent of GDP [in a lump sum that would be divided equally and distributed] to households in a recession. Recession insurance bonds would be zero-coupon securities, a contingent asset of households that would basically lie in wait. The trigger could be reaching the zero lower bound on interest rates or, as economist Claudia Sahm has proposed, a 0.5 percentage point increase in the unemployment rate. The Fed would then activate the securities and deposit the funds digitally in households’ apps.
As Potter then elucidates, “it took Congress too long to get money to people, and it’s too clunky. We need a separate infrastructure. The Fed could buy the bonds quickly without going to the private market. On March 15 they could have said interest rates are now at zero, we’re activating X amount of the bonds, and we’ll be tracking the unemployment rate—if it increases above this level, we’ll buy more. The bonds will be on the asset side of the Fed’s balance sheet; the digital dollars in people’s accounts will be on the liability side.”
And that, in a nutshell, is how the Fed will stimulate the economy in the next crisis in hopes of circumventing the reserve creation process: it will use digital money apps (which explains the Fed’s recent fascination with cryptocurrency and digital money) to transfer money directly to US consumers.
To be sure, the narrative is already set for how the Fed will “sell” this direct transfer of money to the rest of the world and the broader US population: as Coronado explains “it’s the most efficient from a macroeconomic standpoint in supporting spending and confidence. The fear of unemployment acts as an accelerant on a recession. There’s a shock—people are losing their jobs or worry about losing their jobs. They get very risk-averse. [By] getting money to consumers you can limit the depth and duration of a recession.”
And the kicker:
“you could actually generate real inflation. It could be beneficial for not only avoiding negative rates but creating a more healthy interest-rate market, a more healthy yield curve.”
So there you have it: the one thing that was missing from a decade of monetary tinkering by the Fed, the spark of inflation, will finally arrive as the Fed gives money to those most likely to spend it: the lower and middle classes of society.
But wait, there’s more: now that the Fed is implicitly focusing on racial inequality, and soon explicitly with Joe Biden going so far as to urge the Fed to fight “racial economic inequality” and former Minneapolis Fed president Kocherlakota writing an op-ed in which he said the Fed “should have a third mandate on racial inquality“, the stage is now set for the Fed to specifically release funds for those who have “suffered from inequality”, and once the time comes when the narrative allows to deploy reparations or direct funding to minorities, the Fed will be ready.
* * *
Below we republish the Bloomberg Markets interview with Coronado and Potter because it lays out, very clearly, just what the next monetary stimulus will look like now that helicopter money is fully engaged and money is about to be sent by the Fed directly to those Americans the Fed finds to be “in need.”
BLOOMBERG MARKETS: How would recession insurance bonds work?
JULIA CORONADO: Congress would grant the Federal Reserve an additional tool for providing support—say, a percent of GDP [in a lump sum that would be divided equally and distributed] to households in a recession. Recession insurance bonds would be zero-coupon securities, a contingent asset of households that would basically lie in wait. The trigger could be reaching the zero lower bound on interest rates or, as economist Claudia Sahm has proposed, a 0.5 percentage point increase in the unemployment rate. The Fed would then activate the securities and deposit the funds digitally in households’ apps.
And so instead of these gyrations we’ve been going through to get money to households, it would happen instantaneously.
SIMON POTTER: It took Congress too long to get money to people, and it’s too clunky. We need a separate infrastructure. The Fed could buy the bonds quickly without going to the private market. On March 15 they could have said interest rates are now at zero, we’re activating X amount of the bonds, and we’ll be tracking the unemployment rate—if it increases above this level, we’ll buy more. The bonds will be on the asset side of the Fed’s balance sheet; the digital dollars in people’s accounts will be on the liability side .
BM: Aside from speed, what are the main advantages of this approach?
JC: It’s the most efficient from a macroeconomic standpoint in supporting spending and confidence. The fear of unemployment acts as an accelerant on a recession. There’s a shock—people are losing their jobs or worry about losing their jobs. They get very risk-averse. [By] getting money to consumers you can limit the depth and duration of a recession. And you could actually generate real inflation. It could be beneficial for not only avoiding negative rates but creating a more healthy interest-rate market, a more healthy yield curve.
BM: What are the origins of the idea?
JC: The Bank of England has proposals for digital currency. And a number of people have talked about the need for monetary financing—the idea that the interest-rate tool is simply less effective in lower growth, slower credit growth economies. Helicopter money [making direct payments to the public] goes back to Milton Friedman, but Ben Bernanke revisited it. Some people proposed doing that through financing fiscal stimulus. We think going directly to consumers is more efficient than wading through that sticky fiscal process.
BM: This policy could be complementary to Treasury stimulus?
JC: It’s not a replacement for fiscal policy. It makes sense from a fiscal perspective, for example, to authorize unemployment insurance benefits for people who lose their jobs and other assistance for medical-care providers in the current situation.
SP: The central bank is not elected. It cannot make allocation decisions about fiscal transfers. It’s now being pushed to make allocation decisions around credit with the Treasury, because we believe this situation is so unique that the private sector cannot make those decisions itself. The simplest way to do this would be a lump sum. Not in the way Congress did it. We’d take the bluntness of monetary policy and say anyone who’s eligible should get the same amount of bonds.
Fiscal controls could use the same infrastructure. The imperative to invest in it is high. Nearly all Treasury payments at some point touch the Fed because it’s the Treasury’s bank. The digital payment providers—called interface providers in the Bank of England proposal—would manage these accounts and link them to the Fed and Treasury.
BM: What are the objections from the Fed, and other challenges?
SP: The reaction from some of my former colleagues a while ago to the notion of helicopter money was not the most embracing. Some of those concerns have disappeared.
The two objections were related to the switch of deposits in normal times from the traditional banking system into digital accounts and the extra stress in crisis times as people want to get safe. An account with the central bank is safe because the central bank can always print money to honor that claim. A private bank can’t do that because their asset side has all kinds of credit on it. What we’ve created is a narrow bank-type model [narrow banks only take deposits and invest them in the safest assets] that’s small and fit for purpose, with a cap of $10,000 [per person].
JC: One challenge is making it profitable for digital providers. We want strict limitations on the fees so we’re reaching people that are underbanked, but we also want a public-private partnership with a diversity of competitors jumping into this market. Privacy is just as important, because one thing that might induce them is access to people’s data. As the Fed, are you blessing that, and what structure do you put around that?
SP: We’ll all have to deal with deep questions of privacy in the digital world. One of the issues Congress had in passing the Cares Act is identifying who’s got mainly tip income, who doesn’t have sick days. If society wanted, you could use large datasets to direct fiscal transfers to those people. But that’s a job for Congress.
BM: Have you seen similar trials elsewhere?
SP: Sweden is a leader in thinking about this in part because they had a large decline in cash use. China is testing versions of digital currency. Fintech firms in the U.S. are interested in this—there’s a stable coin version of our proposal. There’s easily sufficient innovation within the U.S. to do this. How to do it in a way that’s well regulated and serving the public purpose is something the Fed should focus on over the next few years. It would be a key accomplishment of the Fed and Treasury to get this infrastructure in place.


newswars--2020-08-03--Shakedown: BLM Demands Cut of Louisville Business Profits for Protection

Black Lives Matter ( BLM ) protesters issued “ social justice ” and “ black liberation ” demands regarding “ diversity ” to a restaurant owner in Louisville , KY , including a directive for “ donations ” to organizations run by non-whites .
Listed demands from a BLM affiliate in Louisville include racial quotas for staff and ownership of business suppliers , donations to organizations run by non-whites , and adjustment to dress codes .
The posters used the acronym “ BIPOC ” ( “ black or indigenous persons of color ” ) as a euphemism for non-white persons @ @ @ @ @ @ @ included the option to give 1.5 percent of revenues to a local “ black nonprofit or organization ” in lieu of purchasing a minimum of 23 percent of the business ’ s inventory from “ black retailers , ” mandated “ diversity and inclusion training ” for all employees , and displaying of left-wing messaging to support “ reparations.
” The posters include a stated commitment to be publicly visible as a public service announcement pending future “ inspections ” of restaurants and other businesses .
Three varieties of posters with the message @ @ @ @ @ @ @ THE REVOLUTION , ” were directed at restaurants in Louisville ’ s NuLu neighborhood with the grades A , C , and F according to a “ NuLu Social Justice Health and Wellness Code .
”

Black Lives Matter (BLM) protesters issued “social justice” and “black liberation” demands regarding “diversity” to a restaurant owner in Louisville, KY, including a directive for “donations” to organizations run by non-whites.
Listed demands from a BLM affiliate in Louisville include racial quotas for staff and ownership of business suppliers, donations to organizations run by non-whites, and adjustment to dress codes. The posters used the acronym “BIPOC” (“black or indigenous persons of color”) as a euphemism for non-white persons:
23% of Staff is BIPOC in Front of House 23% of inventory is from BIPOC retailer(s) Regular donations to BIPOC organization Dress code policy does not discriminate against BIPOC patrons of employees.
Additional demands issued via the letter included the option to give 1.5 percent of revenues to a local “black nonprofit or organization” in lieu of purchasing a minimum of 23 percent of the business’s inventory from “black retailers,” mandated “diversity and inclusion training” for all employees, and displaying of left-wing messaging to support “reparations.”
The posters include a stated commitment to be publicly visible as a public service announcement pending future “inspections” of restaurants and other businesses.
Three varieties of posters with the message, “YOU CAN’T STOP THE REVOLUTION,” were directed at restaurants in Louisville’s NuLu neighborhood with the grades A, C, and F according to a “NuLu Social Justice Health and Wellness Code.”
Read more


newswars--2020-08-03--Police Rescued Pig From Portland Leftists Who Planned To Publicly Behead It In Protest

Police officers in Portland , Oregon rescued a live pig that was due to be publicly slaughtered by far-left rioters as part of an anti-police protest .
“ In the early weeks of the riots , a pig was found abandoned near downtown Portland in the middle of the night , ” the Post Millennial ’ s Andy Ngo wrote on Friday .
“ Police rescued the animal .
It is believed a protester was going to kill the pig as an act of anti-police protest but abandoned it last minute.
” The Oregonian reported that the pig was named @ @ @ @ @ @ @ of swine .
It was found by police officers asleep in a flower bed near the Portland waterfront .
“ Someone had brought the pig there to ‘ sacrifice it to end all police brutality , ’ ” said animal rights activist Mary McDonald-Lewis , who cared for the pig until law enforcement arrived .
McDonald-Lewis specifically told police that the pig would be beheaded , stating that the “ animal was going to be slaughtered so its head could be used in the protest ” .
The word “ pig ” is @ @ @ @ @ @ @ for police officers by left-wing extremists .
Visit the Infowars Store now before our sale ends !
“ SAV ’ N LIVES .. ONE HOG AT A TIME !
!
!
” he wrote on Facebook .
“ Last nights nut jobs decided they were going to sacrifice a pig at the protest and cut its head off .
[ Portland Police Bureau ] said HELL NO and took custody of the little lady.
” Betty was subsequently rehomed by Pelster in a nearby animal sanctuary to live out the rest of her @ @ @ @ @ @ @ to live out its days as kind of a pet , ” he added .
“ It ’ s not headed to the slaughterhouse.
” Pig heads have become a feature of Portland protests .
Ngo noted that on Friday , a decapitated pig head with a police cap was set on fire by Antifa rioters to send a message to police .
Antifa protesters dumped a bloody severed pig ’ s head on an American flag outside the Justice Center in downtown Portland .
They put a cop ’ s hat on @ @ @ @ @ @ @ fire .
# PortlandRiots # antifa pic.twitter.com/qfAOT4ItxP The use of imagery like decapitated heads and burning bodies by Antifa appears eerily reminiscent of the beheadings and immolation infamously perpetrated by the Islamic State terror network in the Middle East during the mid-2010s .
President Trump has declared that he is seeking to similarly designate Antifa as a terrorist organization for its violent and anti-American activities over the past two months .

Police officers in Portland, Oregon rescued a live pig that was due to be publicly slaughtered by far-left rioters as part of an anti-police protest.
“In the early weeks of the riots, a pig was found abandoned near downtown Portland in the middle of the night,” the Post Millennial’s Andy Ngo wrote on Friday. “Police rescued the animal. It is believed a protester was going to kill the pig as an act of anti-police protest but abandoned it last minute.”
The Oregonian reported that the pig was named Betty and was from the Yorkshire breed of swine. It was found by police officers asleep in a flower bed near the Portland waterfront.


newswars--2020-08-03--Stories Of Economic Despair From America’s Worst Economic Downturn Since The Great Depression Of The

Stories Of Economic Despair From America’s Worst Economic Downturn Since The Great Depression Of The 1930s

The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession .
U.S. GDP declined by 32.9 percent on an annualized basis last quarter , more than 100,000 businesses have permanently shut down since the COVID-19 pandemic first hit the United States , and more than 54 million Americans have filed new claims for unemployment benefits over the last 19 weeks .
Up until just recently , a $ 600 weekly unemployment “ supplement ” and a federal moratorium that prevented many evictions had helped to ease the suffering for @ @ @ @ @ @ @ of those measures have now expired .
As a result , a tremendous amount of economic pain which had previously been deferred will now come rushing back with a vengeance .
Stockholm Syndrome Nation : Dems Tell Reporters To Submit To Criminal Rule Millions of American families are no longer going to be able to pay their bills , and experts are warning that we could soon see an “ eviction crisis ” that is absolutely unprecedented in American history .
48-year-old Thomas Darnell of West Point , Mississippi never thought that he @ @ @ @ @ @ @ had been a factory worker for over 20 years until he lost his job in May , and since then he hasn ’ t been able to find another .
And then on top of everything else , everyone in his house caught COVID-19… He is concerned that employers will be scared away by his recent illness , and he is becoming desperate because he is running out of money .
With no health insurance and no paychecks coming in , Darnell and his wife have gotten to the point where they have @ @ @ @ @ @ @ or buying groceries… The weekly $ 600 unemployment supplements from the federal government had helped to keep them going for a while , but now those payments have ended , and the immediate future is looking quite bleak .
In Richmond , Virginia , a mother of eight named Shamika Rollins wasn ’ t sure how she was going to make it when her hours as a home health aid were reduced .
Unpaid bills started piling up , and then she got an eviction notice a few weeks ago .
The following @ @ @ @ @ @ @ does not happen , Rollins and her eight children will soon be out in the street , and this is causing her to have “ a lot of sleepless nights ” … Sadly , there are millions of other Americans in the exact same position .
In fact , experts are projecting that up to 40 million Americans could be evicted from their homes during this pandemic .
Many small business owners are also facing heartbreaking choices during this downturn .
A restaurant owner in Delaware named Alex Heidenberger “ hasn ’ t @ @ @ @ @ @ @ past four months ” as he desperately tries to keep his once profitable restaurants alive… The COVID-19 pandemic has hit the restaurant industry particularly hard .
Americans are not eating out as regularly as they once did because of the virus , and it is probably going to remain that way for the foreseeable future .
In Massachusetts , a restaurant owner named John Pepper once had eight thriving locations , but at this point only two of them remain open… Overall , we are facing a “ restaurant apocalypse ” in the @ @ @ @ @ @ @ scope .
According to one estimate , we could lose more than a third of all of our restaurants by the end of this calendar year… What we are watching is truly horrifying .
So many hopes and dreams went into each one of those restaurants that are shutting down , and countless restaurant owners are going to be completely financially ruined by all of this .
For other Americans , this economic downturn has put their very lives at risk .
In Colorado , 70-year-old Catherine Azar was already dealing with heart @ @ @ @ @ @ @ is in danger of being thrown out into the street… How long do you think that a 70-year-old woman with heart problems and diabetes would last on the street or in a shelter ?
And as millions upon millions of Americans get evicted during the months ahead , the shelters are all going to fill up really fast .
America simply was not prepared for an economic downturn of this nature , and the truth is that much bigger challenges are still ahead .
So please do not look down on anyone that @ @ @ @ @ @ @ you may find yourself in the exact same position .

The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession.
U.S. GDP declined by 32.9 percent on an annualized basis last quarter, more than 100,000 businesses have permanently shut down since the COVID-19 pandemic first hit the United States, and more than 54 million Americans have filed new claims for unemployment benefits over the last 19 weeks.
Up until just recently, a $600 weekly unemployment “supplement” and a federal moratorium that prevented many evictions had helped to ease the suffering for millions of American families, but both of those measures have now expired.
As a result, a tremendous amount of economic pain which had previously been deferred will now come rushing back with a vengeance.
Stockholm Syndrome Nation: Dems Tell Reporters To Submit To Criminal Rule
Millions of American families are no longer going to be able to pay their bills, and experts are warning that we could soon see an “eviction crisis” that is absolutely unprecedented in American history.
48-year-old Thomas Darnell of West Point, Mississippi never thought that he would be in this position. He had been a factory worker for over 20 years until he lost his job in May, and since then he hasn’t been able to find another. And then on top of everything else, everyone in his house caught COVID-19…
First, he was furloughed for three weeks in April and then laid off in May. Then things got worse: His entire household of seven, including himself, his wife, three kids and daughter-in-law, along with his baby grandson, contracted coronavirus after they saw their immediate family over the Independence Day weekend. “I’m tired and shaky. Even after a few weeks, I’m still trying to recover,” Darnell says, who has since been cleared of the virus but still has lingering symptoms.
He is concerned that employers will be scared away by his recent illness, and he is becoming desperate because he is running out of money.
With no health insurance and no paychecks coming in, Darnell and his wife have gotten to the point where they have to make a choice between buying insulin or buying groceries…
He can’t afford health insurance, which has added to his anxiety because he and his wife are both diabetic, he says. Like Bolei, Darnell and his wife have been forced to make a grueling decision between either paying for their medications or keeping food on the table. “Do we buy insulin or groceries? It’s a hard juggle,” Darnell says. “I’m willing to make less money and start working again to get health insurance, but no one is hiring.”
The weekly $600 unemployment supplements from the federal government had helped to keep them going for a while, but now those payments have ended, and the immediate future is looking quite bleak.
In Richmond, Virginia, a mother of eight named Shamika Rollins wasn’t sure how she was going to make it when her hours as a home health aid were reduced. Unpaid bills started piling up, and then she got an eviction notice a few weeks ago. The following comes from CBS News…
Shamika Rollins’ eight children share two bedrooms in Richmond, Virginia. But she’s worried about losing their home after she says she received an eviction notice in June. “First thing, I panic, and then next thing, I look, and I’m like, I got my kids. And it’s like, okay, now you gotta figure this out,” she told CBS News correspondent Adriana Diaz.
If a miracle does not happen, Rollins and her eight children will soon be out in the street, and this is causing her to have “a lot of sleepless nights”…
“I have a lot of sleepless nights,” Rollins said. “My mind is constantly racing, you know, what’s your next move?”
Sadly, there are millions of other Americans in the exact same position.
In fact, experts are projecting that up to 40 million Americans could be evicted from their homes during this pandemic.
Many small business owners are also facing heartbreaking choices during this downturn. A restaurant owner in Delaware named Alex Heidenberger “hasn’t paid the mortgage on his home the past four months” as he desperately tries to keep his once profitable restaurants alive…
Heidenberger, who typically draws about $20,000 a month in profit from the restaurant, now receives nothing. He says he hasn’t paid the mortgage on his home the past four months. He served lifeguard duty for a couple of weeks, mostly to help a beach crew depleted by COVID-19 quarantines but also to make some cash. “I’m working harder than I have ever worked in my life,” he says, adding that he puts in about 80 hours a week at the two restaurants. Yet, “I have no money… This is all I think about. I don’t sleep.”
The COVID-19 pandemic has hit the restaurant industry particularly hard. Americans are not eating out as regularly as they once did because of the virus, and it is probably going to remain that way for the foreseeable future.
In Massachusetts, a restaurant owner named John Pepper once had eight thriving locations, but at this point only two of them remain open…
John Pepper used a PPP loan to pay employees and reopen four of his eight Boloco restaurants when Massachusetts lifted its shutdown order in early May. But with the money spent and business at the restaurants down as much as 70%, Pepper had to again close two locations. The staff of 125 he had before the virus outbreak is down to 50. “A lot of this is out of our hands at this point,” Pepper says. “At this moment, I don’t see getting my full payroll back.”
Overall, we are facing a “restaurant apocalypse” in the U.S. that is unprecedented in size and scope.
According to one estimate, we could lose more than a third of all of our restaurants by the end of this calendar year…
As many as 231,000 of the nation’s roughly 660,000 eateries will likely shut down this year, according to an estimate from restaurant consultancy Aaron Allen & Associates provided to Bloomberg News. This will bring the industry’s steady growth to a halt and mark the first time in two decades that U.S. restaurant counts don’t climb. Restaurants have already shed millions of jobs this year, economic data show.
What we are watching is truly horrifying. So many hopes and dreams went into each one of those restaurants that are shutting down, and countless restaurant owners are going to be completely financially ruined by all of this.
For other Americans, this economic downturn has put their very lives at risk. In Colorado, 70-year-old Catherine Azar was already dealing with heart problems and diabetes, and now she is in danger of being thrown out into the street…
“It’s hard for me to conceive of someone being willing to put another person out in the street in the middle of a deadly pandemic, and I’m high risk. I’m 70. I have heart issues and I’m diabetic,” Azar said. Rollins and Azar are just two of the 43 million Americans at risk of eviction in the coming months. For context, about 1 million Americans were evicted in 2010, the year after the Great Recession.
How long do you think that a 70-year-old woman with heart problems and diabetes would last on the street or in a shelter?
And as millions upon millions of Americans get evicted during the months ahead, the shelters are all going to fill up really fast.
America simply was not prepared for an economic downturn of this nature, and the truth is that much bigger challenges are still ahead.
So please do not look down on anyone that needs help right now, because soon you may find yourself in the exact same position.


newswars--2020-08-03--Microsoft says talks over TikTok’s potential purchase to wrap up by September 15 in ‘any event’ afte

Microsoft says talks over TikTok’s potential purchase to wrap up by September 15 in ‘any event’ after CEO speaks with Trump

Microsoft has said it will “ move quickly ” in its talks with ByteDance to buy TikTok , after CEO Satya Nadella discussed the issue with US President Donald Trump , who threatened to ban the popular Chinese app .
In a statement on its official blog on Sunday , Microsoft confirmed that discussions between the tech giant and the owner of TikTok , Chinese company ByteDance , are underway , vowing to complete them “ no later than September 15 , ” whatever the outcome .
Microsoft said that if a “ preliminary proposal ” communicated to the Committee @ @ @ @ @ @ @ ( CFIUS ) between the companies is to be made final , it would see the US technology giant purchasing TikTok services in the US , Canada , Australia and New Zealand .
Plus , An In Depth Coverage Of Antifa ’ s Attempted Armed Takeover In Austin The company said that it “ appreciates the importance ” of addressing Trump ’ s concerns about purported security risks presented by TikTok , adding that it “ looks forward ” to continuing dialogue with the US government as it seeks to thrash out a @ @ @ @ @ @ @ US government ’ s and President Trump ’ s personal involvement as it continues to develop strong security protections for the country Under the scope of the agreement , which is currently in the works , Microsoft said it would make certain that all the private data that Americans had shared with the app would be “ transferred to and remains in the US.
” As far as US users ’ data that had already ended up outside the US is concerned , the company said that it would “ ensure ” it @ @ @ @ @ @ @ transfer .
Microsoft ’ s acknowledgement of the talks coincides with US Secretary of State Mike Pompeo saying that Trump might “ take action in the coming days ” to deal with a “ broad array of national security risks ” stemming from companies that Washington believes are in bed with Beijing .
The talks between Microsoft and ByteDance had been reportedly put on hold after Trump announced on Friday that he might ban the app within 24 hours either through an executive order or emergency powers , while also reportedly opposing the @ @ @ @ @ @ @ Chinese firm .

Microsoft has said it will “move quickly” in its talks with ByteDance to buy TikTok, after CEO Satya Nadella discussed the issue with US President Donald Trump, who threatened to ban the popular Chinese app.
In a statement on its official blog on Sunday, Microsoft confirmed that discussions between the tech giant and the owner of TikTok, Chinese company ByteDance, are underway, vowing to complete them “no later than September 15,” whatever the outcome.
Microsoft said that if a “preliminary proposal” communicated to the Committee on Foreign Investment in the United States (CFIUS) between the companies is to be made final, it would see the US technology giant purchasing TikTok services in the US, Canada, Australia and New Zealand.
Plus, An In Depth Coverage Of Antifa’s Attempted Armed Takeover In Austin
The company said that it “appreciates the importance” of addressing Trump’s concerns about purported security risks presented by TikTok, adding that it “looks forward” to continuing dialogue with the US government as it seeks to thrash out a deal with ByteDance.
Microsoft appreciates the US government’s and President Trump’s personal involvement as it continues to develop strong security protections for the country
Under the scope of the agreement, which is currently in the works, Microsoft said it would make certain that all the private data that Americans had shared with the app would be “transferred to and remains in the US.”
As far as US users’ data that had already ended up outside the US is concerned, the company said that it would “ensure” it is wiped from foreign servers after the transfer.
Microsoft’s acknowledgement of the talks coincides with US Secretary of State Mike Pompeo saying that Trump might “take action in the coming days” to deal with a “broad array of national security risks” stemming from companies that Washington believes are in bed with Beijing.
The talks between Microsoft and ByteDance had been reportedly put on hold after Trump announced on Friday that he might ban the app within 24 hours either through an executive order or emergency powers, while also reportedly opposing the deal between the US-based company and the Chinese firm.


newswars--2020-08-03--Shock Survey Finds That Funding Is Being Reduced For “Nearly Half” Of All Major City Police Departme

Shock Survey Finds That Funding Is Being Reduced For “Nearly Half” Of All Major City Police Departments In America

In recent weeks there has been a tremendous amount of debate about whether police departments around the country should be “ defunded ” or not , but what most Americans don ’ t realize is that it is already happening on a massive scale .
At a time when crime rates are absolutely soaring and civil unrest is raging in major cities across the nation , police budgets are being deeply cut and in some cities there is talk of eliminating police departments altogether .
I knew that a few cities had already made moves in this direction , but @ @ @ @ @ @ @ happening on such a widespread basis .
ANTIFA and BLM made fools of themselves on the streets of downtown Austin as intense infighting kept them unorganized and disoriented .
Several members were arrested and citizens laughed at and stood up to the cowards as they tried to block the highway .
According to a report prepared by the Police Executive Research Forum , nearly half of the law enforcement agencies that they surveyed “ are reporting that funding has already been slashed or is expected to be reduced ” … And in most @ @ @ @ @ @ @ cuts .
Police funding in Los Angeles has been reduced by 15o million dollars , and police funding in New York has been slashed by a total of one billion dollars .
In Seattle , there had been a proposal to cut police funding by 50 percent , but apparently that wasn ’ t good enough for some people and so now a measure has been introduced that would completely “ abolish the entire Seattle Police Department ” … If you live in the Seattle area and you are concerned that in the @ @ @ @ @ @ @ call if someone breaks into your home , you can rest assured that someone will still be on the other end of the line when you call 911 .
But instead of a police officer with a gun responding to your call , you may have a “ community safety official ” armed with “ science ” and “ reason ” come pedaling out to your place on his or her bike to perform a “ mental health evaluation ” on the individual that you are having a “ disagreement ” with .
@ @ @ @ @ @ @ considering doing away with the police entirely , but for now the MPD is still operating .
However , right now they are being completely overwhelmed by a massive crime wave that has erupted in the city , and in a recent email to 3rd precinct residents they told citizens to be “ prepared to give up your cell phone and purse/wallet ” … I don ’ t know about you , but I would not have been comforted if I had received that email .
Chicago is dealing with an enormous crime @ @ @ @ @ @ @ , so many people are being gunned down in the city that it is making headlines all over the globe… In Los Angeles , it is property crime that is making headlines , and the latest numbers show that auto thefts in the city hit an all-time record high last quarter… But it really isn ’ t fair to point out just a couple of cities because the crime wave that we are facing is actually national in scope .
Never before have we seen such a dramatic spike in crime in such @ @ @ @ @ @ @ following comes from Fox News… In such an environment , does it really make sense to “ defund the police ” ?
Unfortunately , you and I are not the ones making the decisions , and right now police budgets are being dramatically slashed from coast to coast .
Meanwhile , civil unrest continues to simmer in many of our largest cities .
For example , protesters in Portland just made headlines by burning an American flag and a Bible… Sadly , what we have experienced so far is just the beginning .
@ @ @ @ @ @ @ to trigger more protests and more riots , and the severe economic downturn that we are currently experiencing will add fuel to the fire as well .
Everywhere you look , people are angry and frustrated , and our society seems to be coming apart at the seams all around us .
It is at such a moment that politicians all over America have decided to radically cut police funding , and needless to say this is going to have very serious implications for every man , woman and child in the entire @ @

In recent weeks there has been a tremendous amount of debate about whether police departments around the country should be “defunded” or not, but what most Americans don’t realize is that it is already happening on a massive scale.
At a time when crime rates are absolutely soaring and civil unrest is raging in major cities across the nation, police budgets are being deeply cut and in some cities there is talk of eliminating police departments altogether.
I knew that a few cities had already made moves in this direction, but I had no idea that it was happening on such a widespread basis.
ANTIFA and BLM made fools of themselves on the streets of downtown Austin as intense infighting kept them unorganized and disoriented. Several members were arrested and citizens laughed at and stood up to the cowards as they tried to block the highway.
According to a report prepared by the Police Executive Research Forum, nearly half of the law enforcement agencies that they surveyed “are reporting that funding has already been slashed or is expected to be reduced”…
Nearly half of 258 agencies surveyed this month are reporting that funding has already been slashed or is expected to be reduced, according to a report slated for release this week by the Police Executive Research Forum, a non-partisan research organization. Much of the funding is being pulled from equipment, hiring and training accounts, even as a number of cities also are tracking abrupt spikes in violent crime, the report concluded.
And in most cases we are not talking about small cuts. Police funding in Los Angeles has been reduced by 15o million dollars, and police funding in New York has been slashed by a total of one billion dollars.
Those are staggering numbers.
In Seattle, there had been a proposal to cut police funding by 50 percent, but apparently that wasn’t good enough for some people and so now a measure has been introduced that would completely “abolish the entire Seattle Police Department”…
BREAKING: Seattle City Council moves to abolish the entire Seattle Police Department and replace it with a “civilian led Department of Community Safety & Violence Prevention.” They want to replace the police force with nonprofit programs and “community-led activities.”
If you live in the Seattle area and you are concerned that in the future you may not have anyone to call if someone breaks into your home, you can rest assured that someone will still be on the other end of the line when you call 911.
But instead of a police officer with a gun responding to your call, you may have a “community safety official” armed with “science” and “reason” come pedaling out to your place on his or her bike to perform a “mental health evaluation” on the individual that you are having a “disagreement” with.
Minneapolis is another major city that is considering doing away with the police entirely, but for now the MPD is still operating. However, right now they are being completely overwhelmed by a massive crime wave that has erupted in the city, and in a recent email to 3rd precinct residents they told citizens to be “prepared to give up your cell phone and purse/wallet”…
“Be prepared to give up your cell phone and purse/wallet,” the police said in their email, a copy of which was obtained by Alpha News. The email said citizens should listen to criminals and “do as they say.” The message warned that “some victims have been maced, dragged, assaulted, and some threatened with a gun.”
I don’t know about you, but I would not have been comforted if I had received that email.
Chicago is dealing with an enormous crime wave as well. At this point, so many people are being gunned down in the city that it is making headlines all over the globe…
Data released on Saturday showed that Chicago saw 440 homicides between January 2020 through the end of June, a 52 percent increase from the same time period last year (which saw 290 homicides). Shooting victims similarly increased by 51 percent (1,480 to 2,240) and shooting incidents themselves rose 47 percent (from 1,210 to 1,783).
In Los Angeles, it is property crime that is making headlines, and the latest numbers show that auto thefts in the city hit an all-time record high last quarter…
A COVID-19-induced recession, with exceptionally high unemployment in Los Angeles, has resulted in record-high auto thefts in 2Q20. A new report via Crosstown LA, who examined the Los Angeles Police Department (LAPD) data, reveals that 5,744 vehicle thefts occurred between April and June, up 57.7% from the same period last year.
But it really isn’t fair to point out just a couple of cities because the crime wave that we are facing is actually national in scope.
Never before have we seen such a dramatic spike in crime in such a short period of time. The following comes from Fox News…
A host of other cities — Houston, Atlanta, Los Angeles, New York City, Philadelphia, Portland and Seattle — also saw spikes in shootings and murders, according to public data. “I think it’s just a perfect storm of distress in America,” Atlanta Mayor Keisha Lance Bottoms said in July. In her city, the police department reported a 240 percent increase in murders (from 5 to 17) when comparing a four-week period ending in July 2019 to the same timeframe this year. New York City, meanwhile, saw a 277 percent increase in shootings (from 13 to 49) when observing the year-over-year change for one week in July.
In such an environment, does it really make sense to “defund the police”?
Unfortunately, you and I are not the ones making the decisions, and right now police budgets are being dramatically slashed from coast to coast.
Meanwhile, civil unrest continues to simmer in many of our largest cities. For example, protesters in Portland just made headlines by burning an American flag and a Bible…
Protesters burned an American flag and a Bible in Portland, Oregon, sparking outrage just as weeks of violent demonstrations seemed to be coming to a close. For more than 60 days, Black Lives Matters demonstrators, including a “Wall of Moms” and a “Wall of Vets,” have clashed with federal agents in the city, drawing national attention as authorities blasted marchers with tear gas and the civilians at times responded with weapons of their own — such as feces, bleach, bricks or batteries.
Sadly, what we have experienced so far is just the beginning. The upcoming election certainly has the potential to trigger more protests and more riots, and the severe economic downturn that we are currently experiencing will add fuel to the fire as well.
Everywhere you look, people are angry and frustrated, and our society seems to be coming apart at the seams all around us.
It is at such a moment that politicians all over America have decided to radically cut police funding, and needless to say this is going to have very serious implications for every man, woman and child in the entire country.


newswars--2020-08-03--WTF? Pharmacies Refuse To Fill HCQ Prescriptions

“ It ’ s criminal ” .
Dr. Dareld Morris is the latest physician to step forward and speak out @ @ @ @ @ Pharma Censorship as local pharmacies in his area refuse to fill his prescriptions for hydroxychloroquine @ @ @ @ @ Dareld Morris from the Morris Medical Center studied Osteopathic Medicine , DO at Nova Southeastern @ @ @ @ @ Texas State .
This video is already being banned on Facebook !
Please Share on @ @ @ @ @ Down !
Also , check out , “ Shhh !
Why Is Big Tech So @ @ @ @ @ ”

“It’s criminal”. Dr. Dareld Morris is the latest physician to step forward and speak out against Big Tech & Big Pharma Censorship as local pharmacies in his area refuse to fill his prescriptions for hydroxychloroquine (HCQ).
Dr. Dareld Morris from the Morris Medical Center studied Osteopathic Medicine, DO at Nova Southeastern University and Pre-med at Southwest Texas State.
This video is already being banned on Facebook!
Please Share on Twitter Before They Take It Down!
Also, check out, “Shhh! Why Is Big Tech So Afraid of This Video?”


newswars--2020-08-03--Body Cam Footage Shows George Floyd Repeatedly Resisting Arrest

Long-awaited footage finally released Monday shows Black Lives Matter martyr George Floyd repeatedly refusing officers ’ orders and resisting arrest during his final moments before he died at the hands of police .
The police body cam footage , which documents the crucial moments that led up to the 8-minute knee-on-neck video that sparked months of protests , starts with an officer approaching Floyd ’ s vehicle , tapping on the window , opening his door , and asking him to put his hands up , which Floyd appears reluctant to do even as the officer trains his gun on @ @ @ @ @ @ @ , I ’ m sorry , I ’ m sorry , I ’ m sorry , ” Floyd tells the officer , who continues to tell him to put his hands up .
“ Please , I didn ’ t do nothing .
I didn ’ t do nothing , ” he tells the officer .
When the officer tells Floyd to exit the vehicle , he begins sobbing and begging not to be shot claiming he was shot in a previous police encounter .
Meanwhile , he stays put in the driver @ @ @ @ @ @ @ get out .
After having much difficulty getting Floyd out of his car , police are finally able to handcuff him and place him against a wall , as they proceed to interview two passengers who were in the vehicle with him .
At this point , previously-released store surveillance footage appears to show Floyd dispose of small baggies appearing to contain white powder .
“ Are you on something right now ?
” an officer asks Floyd as they hoist him to his feet .
“ Because you ’ re acting erratic.
@ @ @ @ @ @ @ across a street where he ’ s ordered to enter the back of a police SUV , but he resists efforts to be placed in the car , claiming he ’ s scared .
“ I am claustrophobic , for real , ” Floyd tells the officers , agreeing to enter the vehicle only if an officer stays with him .
But despite his assurances , Floyd continues to resist being put inside the vehicle and struggles against officers ’ attempts to force him in , saying , “ I ’ m going @ @ @ @ @ @ @ going to go in .
Why you don ’ t believe me officers ?
I ’ m not that kind of guy .
I ’ m not that kind of guy .
Please man .
Y ’ all , I ’ m-a die in here.
” “ Man , I don ’ t want y ’ all to win .
I don ’ t want y ’ all to win .
I don ’ t want to win , ” Floyd says .
“ I ’ m claustrophobic and I have anxiety .
@ @ @ @ @ @ @ none of this.
” After still refusing to enter the vehicle , the footage shows an officer go around the other side of the transport to help pull Floyd in from the other side .
Floyd begins screaming erratically as police attempt to place him in the vehicle , then kicks his way out of the other side of the car , saying , “ I ’ m-a lay on the ground.
” The rest of the footage , showing officer Derek Chauvin kneeling on Floyd ’ s neck for about eight minutes @ @ @ @ @ @ @ the media have chosen to focus in on .
While Floyd ’ s death is a clear-cut tragedy , the footage demonstrates he was behaving erratically and was non-compliant with officers ’ demands , suggesting he may have survived the situation had he obeyed officers ’ orders , rather than struggle against their repeated efforts to place him in custody .
Essentially , the footage destroys the left ’ s narrative that portrayed Floyd as an innocent saint .
That ’ s why they waited so long to release it .

Long-awaited footage finally released Monday shows Black Lives Matter martyr George Floyd repeatedly refusing officers’ orders and resisting arrest during his final moments before he died at the hands of police.
The police body cam footage, which documents the crucial moments that led up to the 8-minute knee-on-neck video that sparked months of protests, starts with an officer approaching Floyd’s vehicle, tapping on the window, opening his door, and asking him to put his hands up, which Floyd appears reluctant to do even as the officer trains his gun on him.
“I’m sorry, I’m sorry, I’m sorry, I’m sorry,” Floyd tells the officer, who continues to tell him to put his hands up. “Please, I didn’t do nothing. I didn’t do nothing,” he tells the officer.
When the officer tells Floyd to exit the vehicle, he begins sobbing and begging not to be shot claiming he was shot in a previous police encounter. Meanwhile, he stays put in the driver’s seat refusing multiple orders to get out.
After having much difficulty getting Floyd out of his car, police are finally able to handcuff him and place him against a wall, as they proceed to interview two passengers who were in the vehicle with him.
At this point, previously-released store surveillance footage appears to show Floyd dispose of small baggies appearing to contain white powder.
“Are you on something right now?” an officer asks Floyd as they hoist him to his feet. “Because you’re acting erratic.”
“No,” he responds.
Footage next shows Floyd being escorted across a street where he’s ordered to enter the back of a police SUV, but he resists efforts to be placed in the car, claiming he’s scared.
“I am claustrophobic, for real,” Floyd tells the officers, agreeing to enter the vehicle only if an officer stays with him.
But despite his assurances, Floyd continues to resist being put inside the vehicle and struggles against officers’ attempts to force him in, saying, “I’m going to go in. I’m going to go in. Why you don’t believe me officers? I’m not that kind of guy. I’m not that kind of guy. Please man. Y’all, I’m-a die in here.”
“Man, I don’t want y’all to win. I don’t want y’all to win. I don’t want to win,” Floyd says. “I’m claustrophobic and I have anxiety. I don’t want to do none of this.”
After still refusing to enter the vehicle, the footage shows an officer go around the other side of the transport to help pull Floyd in from the other side.
Floyd begins screaming erratically as police attempt to place him in the vehicle, then kicks his way out of the other side of the car, saying, “I’m-a lay on the ground.”
The rest of the footage, showing officer Derek Chauvin kneeling on Floyd’s neck for about eight minutes until he passes out, is what the media have chosen to focus in on.
While Floyd’s death is a clear-cut tragedy, the footage demonstrates he was behaving erratically and was non-compliant with officers’ demands, suggesting he may have survived the situation had he obeyed officers’ orders, rather than struggle against their repeated efforts to place him in custody.
Essentially, the footage destroys the left’s narrative that portrayed Floyd as an innocent saint. That’s why they waited so long to release it.


newswars--2020-08-03--‘I Can’t f**king BREATHE Under This Thing’: LSU Linebacker Identifies Flaw in New Anti-Coronavirus H

‘I Can’t f**king BREATHE Under This Thing’: LSU Linebacker Identifies Flaw in New Anti-Coronavirus Helmets (VIDEO)

Louisiana State University linebacker Soni Fonua found what could be a fatal flaw with the new face shields designed to prevent the spread of coronavirus on the gridiron – the inability of the player to breathe .
Fonua posted a video of himself wearing a helmet fitted with the new shield in the LSU locker room , saying , “ I can ’ t f**king breathe under this thing .
Yes sir.
” Offensive lineman Austin Deculus added , “ It ’ s like breathing in a Ziploc bag.
” Breathing difficulties or not , the players may have no @ @ @ @ @ @ @ Shields on their helmets .
LSU ’ s football equipment crew said on Twitter : “ Adapt , adjust .
Splash Shields ready to go.
” A similar shield developed by Oakley will be used in the National Football League this season , though it likely won ’ t be mandatory for players .
The NFL Players Association has opposed making it requisite .
The Oakley Mouth Shield at least has air openings .
Difficulties breathing might not be the only unintended consequence of the face shields , as a fogged mask would @ @ @ @ @ @ @ the ball .

Louisiana State University linebacker Soni Fonua found what could be a fatal flaw with the new face shields designed to prevent the spread of coronavirus on the gridiron – the inability of the player to breathe.
Fonua posted a video of himself wearing a helmet fitted with the new shield in the LSU locker room, saying, “I can’t f**king breathe under this thing. Yes sir.” Offensive lineman Austin Deculus added, “It’s like breathing in a Ziploc bag.”
LSU LB Soni Fonua wearing his COVID face shield helmet: “I can’t fucking breathe under this thing!” Senior offensive lineman Austin Deculus: “It’s like breathing in a Ziploc bag.” pic.twitter.com/NR3nCNaxXK — Master (@MasterTes) August 2, 2020
Breathing difficulties or not, the players may have no choice but to wear the Schutt Splash Shields on their helmets. LSU’s football equipment crew said on Twitter: “Adapt, adjust. Splash Shields ready to go.”
Adapt. Adjust. Splash shields ready to go. pic.twitter.com/v0SW1xXA4m — LSU Football Equip (@LSUFBEquipment) July 31, 2020
A similar shield developed by Oakley will be used in the National Football League this season, though it likely won’t be mandatory for players. The NFL Players Association has opposed making it requisite. The Oakley Mouth Shield at least has air openings.
Difficulties breathing might not be the only unintended consequence of the face shields, as a fogged mask would also make it difficult to actually see the ball.


newswars--2020-08-03--Live: President Trump Updates Nation on China Virus, Calls For Schools To Reopen

President Trump held a White House press conference Monday to give more details about the government ’ s coronavirus response @ @ @ @ @ federal response to Tropical Storm Isaias .
Trump also called for school ’ s to @ @ @ @ @ COVID-19 cases decline .

President Trump held a White House press conference Monday to give more details about the government’s coronavirus response, as well as the federal response to Tropical Storm Isaias. Trump also called for school’s to reopen in the fall as COVID-19 cases decline.


newswars--2020-08-03--NYPD Releases Footage of Shooting as NYC Gun Violence Tops 2019 Figures

The New York Police Department ( NYPD ) has released gruesome footage of a man being shot on a Brooklyn sidewalk as the total number of shootings in the city last year has already been eclipsed with nearly five months remaining in 2020 .
On July 4th , an unsuspecting 21-year-old man was shot while talking with a friend on the sidewalk , according to the New York Post .
NYPD has now shared a video of the attack in the hopes of tracking down information about the suspect .
“ WANTED for a SHOOTING/ASSAULT in front of 681 Sheffield @ @ @ @ @ @ @ on 7/4/20 @ 2:55AM .
Reward up to $ 2500 .
Seen him ?
Know who he is ?
Call 1-800-577-TIPS or DM us !
Calls are CONFIDENTIAL !
” NYPD Crime Stoppers wrote on Twitter .
The victim suffered bullet wounds to his back and shoulder , but survived , officials told the Post .
New York City recorded its 777th shooting on Saturday , surpassing the total number of shootings ( 776 ) in all of 2019 .
“ It only gets worse from here , ” retired NYPD sergeant Joseph @ @ @ @ @ @ @ the shootings continue , so will retaliation .
It ’ s a vicious cycle that the NYPD worked hard to mitigate , but that they are no longer able and in some cases willing to do.
” Rep. Matt Gaetz has filed a criminal complaint against Facebook CEO Mark Zuckerberg for lying to Congress under oath when he claimed there was no political bias at the social media network .

The New York Police Department (NYPD) has released gruesome footage of a man being shot on a Brooklyn sidewalk as the total number of shootings in the city last year has already been eclipsed with nearly five months remaining in 2020.
On July 4th, an unsuspecting 21-year-old man was shot while talking with a friend on the sidewalk, according to the New York Post.
NYPD has now shared a video of the attack in the hopes of tracking down information about the suspect.
“WANTED for a SHOOTING/ASSAULT in front of 681 Sheffield ave #EastNewYork #Brooklyn @NYPD75Pct on 7/4/20 @ 2:55AM. Reward up to $2500. Seen him? Know who he is? Call 1-800-577-TIPS or DM us! Calls are CONFIDENTIAL!” NYPD Crime Stoppers wrote on Twitter.
The victim suffered bullet wounds to his back and shoulder, but survived, officials told the Post.
New York City recorded its 777th shooting on Saturday, surpassing the total number of shootings (776) in all of 2019.
“It only gets worse from here,” retired NYPD sergeant Joseph Giacalone told the Post.
“As the shootings continue, so will retaliation. It’s a vicious cycle that the NYPD worked hard to mitigate, but that they are no longer able and in some cases willing to do.”
Rep. Matt Gaetz has filed a criminal complaint against Facebook CEO Mark Zuckerberg for lying to Congress under oath when he claimed there was no political bias at the social media network.
Dan Lyman: Follow @CitizenAnalyst


newswars--2020-08-03--KFC Tobago Uses ‘Racist’ Advert with Fried Chicken Symbolizing Black ‘Emancipation’

A Caribbean Kentucky Fried Chicken Instagram post used a culturally insensitive stereotype of fried chicken symbolizing black “ emancipation , ” that was publicly flayed as some social media users were left dumbstruck by the supportive message .
KFC Trinidad and Tobago posted a picture of a fried chicken drumstick casting a shadow of the black liberation fist in the background to confer support for “ emancipation ” as the Black Lives Matter movement continues to enjoy international backing across the Western world and beyond .
The post , given its tone deaf message , was taken down from the @ @ @ @ @ @ @ the world-renowned fried chicken restaurant chain partook in the Emancipation Day celebrations held in the Caribbean country every August 1 .
After social media users laid into the post , KFC TT issued a retraction and an apology for the original advertisement .
“ At KFC Trinidad , we always strive to recognize our nation ’ s multicultural history and make up , and to play our part in recognizing it , ” the chicken restaurant explains .
The statement continues , “ Our intention was to support and recognize the importance of @ @ @ @ @ @ @ that our posts commemorating Emancipation Day drew some negative responses .
Clearly , we got it all wrong and we want to unreservedly apologize for the offense caused.
” “ As a result , we are reviewing the approval process of all of our communications to avoid situations like this reoccurring , ” the statement concludes .
As social media users dogpiled on the deleted message , which began to go viral on Twitter , one person joked , referring to other stereotypes , tweeting : “ You may as well have included @ @ @ @ @ @ @ chicken.
” On Instagram , most of the replies to the issued apologize were supportive of KFC ’ s message and failed to understand why some many commenters had initially taken offense to the original post .
“ If you say thank you someone gets offended these days .
Can ’ t blink without someone saying they were hurt .
It is absolutely ridiculous , ” remarked one Instagrammer .
Another person commented : “ I honestly found the post creative… so I ’ m either missing the issue or it was blown @ @ @ @ @ @ @ was the first country in the world to nominate a public holiday to celebrate the abolition of slavery in 1985 , replacing Columbus Discovery Day .
Several other Caribbean countries followed suit in celebrating Emancipation Day after Trinidad and Tobaco , an island nation north of Venezuela , adopted the public holiday .

A Caribbean Kentucky Fried Chicken Instagram post used a culturally insensitive stereotype of fried chicken symbolizing black “emancipation,” that was publicly flayed as some social media users were left dumbstruck by the supportive message.
KFC Trinidad and Tobago posted a picture of a fried chicken drumstick casting a shadow of the black liberation fist in the background to confer support for “emancipation” as the Black Lives Matter movement continues to enjoy international backing across the Western world and beyond.
The post, given its tone deaf message, was taken down from the corporation’s Instagram page, as the world-renowned fried chicken restaurant chain partook in the Emancipation Day celebrations held in the Caribbean country every August 1.
After social media users laid into the post, KFC TT issued a retraction and an apology for the original advertisement.
“At KFC Trinidad, we always strive to recognize our nation’s multicultural history and make up, and to play our part in recognizing it,” the chicken restaurant explains.
The statement continues, “Our intention was to support and recognize the importance of this historically significant event. We recognize that our posts commemorating Emancipation Day drew some negative responses. Clearly, we got it all wrong and we want to unreservedly apologize for the offense caused.”
“As a result, we are reviewing the approval process of all of our communications to avoid situations like this reoccurring,” the statement concludes.
It was on Instagram in case you’re wondering why the URL doesn’t work. It’s an IG account for KFC in Trinidad and Tobago. pic.twitter.com/p07yT7GPYI — Ian Miles Cheong (@stillgray) August 2, 2020
As social media users dogpiled on the deleted message, which began to go viral on Twitter, one person joked, referring to other stereotypes, tweeting: “You may as well have included a watermelon and grape soda with that chicken.”
You may as well have included a watermelon and grape soda with that chicken, @kfc. — only bo diem reform (@shak091379) August 2, 2020
On Instagram, most of the replies to the issued apologize were supportive of KFC’s message and failed to understand why some many commenters had initially taken offense to the original post.
“If you say thank you someone gets offended these days. Can’t blink without someone saying they were hurt. It is absolutely ridiculous,” remarked one Instagrammer.
Another person commented: “I honestly found the post creative… so I’m either missing the issue or it was blown out of proportion.”
Trinidad and Tobago was the first country in the world to nominate a public holiday to celebrate the abolition of slavery in 1985, replacing Columbus Discovery Day. Several other Caribbean countries followed suit in celebrating Emancipation Day after Trinidad and Tobaco, an island nation north of Venezuela, adopted the public holiday.


newswars--2020-08-03--Records Of Prince Andrew’s Location On Night Of Molestation Destroyed By Police

According to a former member of the Royal guard who worked on Prince Andrew ’ s security detail , The London Metropolitan Police have destroyed evidence that could have revealed where Prince Andrew was on the night that he is accused of having sex with a teenager that was being trafficked by Jeffrey Epstein and Ghislaine Maxwell .
The night in question is March 10th , 2011 , as well as the morning hours of March 11 .
Virginia Giuffre , who was known by the name Virginia Roberts at the time , says that she was taken to London @ @ @ @ @ @ @ to have sex with Prince Andrew .
Andrew was questioned about Giuffre ’ s accusations during an interview with BBC , and he made numerous mistakes and fumbles that brought his credibility into question .
In the interview , Andrew vehemently denied knowing Giuffre and insisted that he was not at that nightclub on March 10th .
He claimed that he was at a Pizza Express location in Woking , for a party , but at least one other witness has come forward to corroborate Giuffre ’ s claim .
The witness says @ @ @ @ @ @ @ at the nightclub on that evening .
There should be records of what the prince was doing on that evening , which would either exonerate him or prove that he was lying .
Members of the royal family are regularly accompanied by police guards in their day to day activities and there are records of where and when the officers were sent , or at the very least a record of which officers worked on which day .
If these records were to be made available , the investigators could easily determine where @ @ @ @ @ @ @ question .
Initially , police refused to release this information to the media , insisting that revealing such sensitive information about the royal family could be a “ threat to national security.
” One of the guards who was assigned to work Andrew ’ s security detail on that night , remembers having an issue with the prince when he returned to Buckingham Palace .
He says that Andrew ended up making his return to the palace very late that night , but wanted to obtain the records to confirm that this was @ @ @ @ @ @ @ ago , the former guard requested to see his shift records from his time working Andrew ’ s security detail .
He got no response for months , but was eventually contacted by a caseworker with the London Metropolitan Police .
The caseworker told him that the records were destroyed , and said that it is the agency ’ s policy to only keep records for two years , which is a bit of a strange policy in the computer age where files don ’ t take up much space .
“ I @ @ @ @ @ @ @ did it take nearly five months to respond with such a non-informative answer ?
I ’ m also surprised to discover that any records regarding the Royal family and their police protection are destroyed , much less after just two years , ” the guard told the Daily Mail .

Authored by John Vibes via TheMindUnleashed.com,
According to a former member of the Royal guard who worked on Prince Andrew’s security detail, The London Metropolitan Police have destroyed evidence that could have revealed where Prince Andrew was on the night that he is accused of having sex with a teenager that was being trafficked by Jeffrey Epstein and Ghislaine Maxwell.
The night in question is March 10th, 2011, as well as the morning hours of March 11. Virginia Giuffre, who was known by the name Virginia Roberts at the time, says that she was taken to London by Epstein and Maxwell and was expected to have sex with Prince Andrew.
Giuffre says that she was just 17-years-old at the time and remembers being taken to the “Tramp” nightclub in London, as well as one of Maxwell’s homes in the city.
Andrew was questioned about Giuffre’s accusations during an interview with BBC, and he made numerous mistakes and fumbles that brought his credibility into question.
In the interview, Andrew vehemently denied knowing Giuffre and insisted that he was not at that nightclub on March 10th.
He claimed that he was at a Pizza Express location in Woking, for a party, but at least one other witness has come forward to corroborate Giuffre’s claim. The witness says that she distinctly remembers seeing the prince at the nightclub on that evening.
There should be records of what the prince was doing on that evening, which would either exonerate him or prove that he was lying. Members of the royal family are regularly accompanied by police guards in their day to day activities and there are records of where and when the officers were sent, or at the very least a record of which officers worked on which day.
If these records were to be made available, the investigators could easily determine where Prince Andrew was on the night in question. Initially, police refused to release this information to the media, insisting that revealing such sensitive information about the royal family could be a “threat to national security.”


newswars--2020-08-03--Ratings Crash for NBA, MLB After Protest-Filled Debuts

As the NBA and MLB return from their coronavirus-imposed hiatus , it appears TV viewers are not interested in what @ @ @ @ @ to offer .
With both baseball and basketball draped in all sorts of Black Lives @ @ @ @ @ for their opening games , a substantially smaller number of fans tuned-in to the rest @ @ @ @ @ games .
According to Outkick.com , neither league did well .

As the NBA and MLB return from their coronavirus-imposed hiatus, it appears TV viewers are not interested in what the increasingly woke leagues have to offer.
With both baseball and basketball draped in all sorts of Black Lives Matter and social justice symbolism for their opening games, a substantially smaller number of fans tuned-in to the rest of the week’s games.
According to Outkick.com, neither league did well.
Read More


newswars--2020-08-03--China to build Wuhan-style virus lab close to Russian border

China will construct up to seven new laboratories to deal with dangerous diseases , and one will be just a few hours from the Russian border .
Currently , China only has one facility – in Wuhan , the original epicenter of Covid-19 .
Before 2026 , the country plans to build between five and seven more laboratories , in different regions , each with their own specialization .
In Harbin , the lab will deal with zoonotic infections , including Covid-19 and other diseases transmitted from animals to humans .
As well as coronavirus , China has recently seen @ @ @ @ @ @ @ , in the north of the country .
“ Harbin is the center of Heilongjiang province , where many natural foci of tick-borne encephalitis virus , foot and mouth disease virus and plague are located , ” said Sergei Netesov , a scientist at Novosibirsk State University .
“ The location of such a laboratory there is logical and justified.
” China ’ s new research centers will be built to fit the BSL-4 requirements , the highest level of biosafety precautions .
BSL-4 laboratories are often used for research on easily transmitted @ @ @ @ @ @ @ include sophisticated air filtration systems and furniture and appliances without seams and rough surfaces .
All work is performed by personnel in pressurized suits , and staff must go through a chemical decontamination shower before leaving .
Following the Covid-19 outbreak , some conspiracy theorists suggested that the pandemic could be the result of a coronavirus leak from a laboratory , with US President Donald Trump declaring he had seen evidence that gave him a “ high degree of confidence ” that the coronavirus originated in a Chinese lab .

China will construct up to seven new laboratories to deal with dangerous diseases, and one will be just a few hours from the Russian border.
Currently, China only has one facility – in Wuhan, the original epicenter of Covid-19.
Before 2026, the country plans to build between five and seven more laboratories, in different regions, each with their own specialization. In Harbin, the lab will deal with zoonotic infections, including Covid-19 and other diseases transmitted from animals to humans. As well as coronavirus, China has recently seen a small outbreak of the bubonic plague, in the north of the country.
“Harbin is the center of Heilongjiang province, where many natural foci of tick-borne encephalitis virus, foot and mouth disease virus and plague are located,” said Sergei Netesov, a scientist at Novosibirsk State University. “The location of such a laboratory there is logical and justified.”
China’s new research centers will be built to fit the BSL-4 requirements, the highest level of biosafety precautions. BSL-4 laboratories are often used for research on easily transmitted pathogens, such as Ebola. Precautions include sophisticated air filtration systems and furniture and appliances without seams and rough surfaces. All work is performed by personnel in pressurized suits, and staff must go through a chemical decontamination shower before leaving.
Following the Covid-19 outbreak, some conspiracy theorists suggested that the pandemic could be the result of a coronavirus leak from a laboratory, with US President Donald Trump declaring he had seen evidence that gave him a “high degree of confidence” that the coronavirus originated in a Chinese lab.


newswars--2020-08-03--Old Age Hitting Baby Boomers Harder Than Previous Generations

In a reversal of trends , American baby boomers scored lower on a test of cognitive functioning than did members of previous generations , according to a new nationwide study .
Findings showed that average cognition scores of adults aged 50 and older increased from generation to generation , beginning with the greatest generation ( born 1890-1923 ) and peaking among war babies ( born 1942-1947 ) .
Scores began to decline in the early baby boomers ( born 1948-1953 ) and decreased further in the mid baby boomers ( born 1954-1959 ) .
While the prevalence of dementia has @ @ @ @ @ @ @ these results suggest those trends may reverse in the coming decades , according to study author Hui Zheng , professor of sociology at The Ohio State University .
“ It is shocking to see this decline in cognitive functioning among baby boomers after generations of increases in test scores , ” Zheng said .
“ But what was most surprising to me is that this decline is seen in all groups : men and women , across all races and ethnicities and across all education , income and wealth levels.
” Results showed @ @ @ @ @ @ @ linked to less wealth , along with higher levels of loneliness , depression , inactivity and obesity , and less likelihood of being married .
The study was published online recently in the Journals of Gerontology : Social Sciences .
Zheng analyzed data on 30,191 Americans who participated in the 1996 to 2014 Health and Retirement Survey , conducted by the University of Michigan .
People over 51 years old were surveyed every two years .
As part of the study , participants completed a cognitive test in which they had to recall @ @ @ @ @ @ @ down from 100 by 7s , name objects they were shown and perform other tasks .
Other research has shown that overall rates of mortality and illness have increased in baby boomers , but generally found that the highly educated and wealthiest were mostly spared .
“ That ’ s why it was so surprising to me to see cognitive declines in all groups in this study , ” Zheng said .
“ The declines were only slightly lower among the wealthiest and most highly educated.
” Zheng also compared cognition scores within @ @ @ @ @ @ @ scores are not skewed by older people who tend to have poorer cognition .
Even in this analysis , the baby boomers came out on bottom .
“ Baby boomers already start having lower cognition scores than earlier generations at age 50 to 54 , ” he said .
The question , then , is what has happened to baby boomers ?
Zheng looked for clues across the lifetimes of those in the study .
Increasing cognition scores in previous generations could be tied to beneficial childhood conditions — conditions that were similar @ @ @ @ @ @ @ Baby boomers ’ childhood health was as good as or better than previous generations and they came from families that had higher socioeconomic status .
They also had higher levels of education and better occupations .
“ The decline in cognitive functioning that we ’ re seeing does not come from poorer childhood conditions , ” Zheng said .
The biggest factors linked to lower cognition scores among baby boomers in the study were lower wealth , higher levels of self-reported loneliness and depression , lack of physical activity and obesity .
Living @ @ @ @ @ @ @ than once in their lives , having psychiatric problems and cardiovascular risk factors including strokes , hypertension , heart disease and diabetes were also associated with lower cognitive functioning among people in this generation .
“ If it weren ’ t for their better childhood health , move favorable family background , more years of education and higher likelihood of having a white-collar occupation , baby boomers would have even worse cognitive functioning , ” Zheng said .
There were not enough late baby boomers ( born in 1960 or later ) to @ @ @ @ @ @ @ said he believes they will fare no better .
The same might be true for following generations unless we find a solution for the problems found here , he said .
While many of the problems linked to lower cognitive functioning are symptoms of modern life , like less connection with friends and family and growing economic inequality , other problems found in this study are unique to the United States , Zheng said .
One example would be the lack of universal access and high cost of health care .
“ Part @ @ @ @ @ @ @ of modern life , but it is also about life in the U.S. , ” he said .
One of the biggest concerns is that cognitive functioning when people are in their 50s and 60s is related to their likelihood of having dementia when they are older .
“ With the aging population in the United States , we were already likely to see an increase in the number of people with dementia , ” Zheng said .
“ But this study suggests it may be worse than we expected for decades to @ @ @

In a reversal of trends, American baby boomers scored lower on a test of cognitive functioning than did members of previous generations, according to a new nationwide study.
Findings showed that average cognition scores of adults aged 50 and older increased from generation to generation, beginning with the greatest generation (born 1890-1923) and peaking among war babies (born 1942-1947).
Scores began to decline in the early baby boomers (born 1948-1953) and decreased further in the mid baby boomers (born 1954-1959).
While the prevalence of dementia has declined recently in the United States, these results suggest those trends may reverse in the coming decades, according to study author Hui Zheng, professor of sociology at The Ohio State University.
“It is shocking to see this decline in cognitive functioning among baby boomers after generations of increases in test scores,” Zheng said.
“But what was most surprising to me is that this decline is seen in all groups: men and women, across all races and ethnicities and across all education, income and wealth levels.”
Results showed lower cognitive functioning in baby boomers was linked to less wealth, along with higher levels of loneliness, depression, inactivity and obesity, and less likelihood of being married.
The study was published online recently in the Journals of Gerontology: Social Sciences.
Zheng analyzed data on 30,191 Americans who participated in the 1996 to 2014 Health and Retirement Survey, conducted by the University of Michigan. People over 51 years old were surveyed every two years.
As part of the study, participants completed a cognitive test in which they had to recall words they had heard earlier, count down from 100 by 7s, name objects they were shown and perform other tasks.
Other research has shown that overall rates of mortality and illness have increased in baby boomers, but generally found that the highly educated and wealthiest were mostly spared.
“That’s why it was so surprising to me to see cognitive declines in all groups in this study,” Zheng said. “The declines were only slightly lower among the wealthiest and most highly educated.”
Zheng also compared cognition scores within each age group across generations so that scores are not skewed by older people who tend to have poorer cognition. Even in this analysis, the baby boomers came out on bottom.
“Baby boomers already start having lower cognition scores than earlier generations at age 50 to 54,” he said.
The question, then, is what has happened to baby boomers? Zheng looked for clues across the lifetimes of those in the study.
Increasing cognition scores in previous generations could be tied to beneficial childhood conditions — conditions that were similar for baby boomers, Zheng said.
Baby boomers’ childhood health was as good as or better than previous generations and they came from families that had higher socioeconomic status. They also had higher levels of education and better occupations.
“The decline in cognitive functioning that we’re seeing does not come from poorer childhood conditions,” Zheng said.
The biggest factors linked to lower cognition scores among baby boomers in the study were lower wealth, higher levels of self-reported loneliness and depression, lack of physical activity and obesity.
Living without a spouse, being married more than once in their lives, having psychiatric problems and cardiovascular risk factors including strokes, hypertension, heart disease and diabetes were also associated with lower cognitive functioning among people in this generation.
“If it weren’t for their better childhood health, move favorable family background, more years of education and higher likelihood of having a white-collar occupation, baby boomers would have even worse cognitive functioning,” Zheng said.
There were not enough late baby boomers (born in 1960 or later) to include in this study, but Zheng said he believes they will fare no better. The same might be true for following generations unless we find a solution for the problems found here, he said.
While many of the problems linked to lower cognitive functioning are symptoms of modern life, like less connection with friends and family and growing economic inequality, other problems found in this study are unique to the United States, Zheng said. One example would be the lack of universal access and high cost of health care.
“Part of the story here are the problems of modern life, but it is also about life in the U.S.,” he said.
One of the biggest concerns is that cognitive functioning when people are in their 50s and 60s is related to their likelihood of having dementia when they are older.
“With the aging population in the United States, we were already likely to see an increase in the number of people with dementia,” Zheng said.
“But this study suggests it may be worse than we expected for decades to come.”
Special report breaks down the corrupt corporate multinational media machine.