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January 1, Coronavirus Fears Tank Global Stock Markets

This Day in History | 1964
Cassius Clay, who would later become known as Muhammad Ali, defeats Sonny Liston to win his first world title.
Good morning Middle Americans,
The fears of investors over the coronavirus finally took root yesterday. And losses continue to mount today. This is turning out to be a black swan event. It’s now impacting investors, and you can expect to hear more about covid-19, as the coronavirus is also known, impacting our politics.
In addition to Bernie Sanders facing a barrage of attacks tonight from his 2020 rivals, we should expect to hear the candidate address how they would deal with the coronavirus.
Harvey Weinstein is going to jail, the only question is for how long. Monday, he was convicted of 3 of the 5 rape charges he faced. He will avoid life in prison, at least. The jury failed to return a guilty verdict on the sexual predator charges. Weinstein still faces additional charges in Los Angeles.
The Trump administration’s public charge rule has taken effect. It’s expected to block the entry of hundreds of thousands of people, disproportionately affecting prospective immigrants from Asia, Africa and Latin America.
Finally today, talk about a dramatic example of show and tell. And 11 year old girl brings a loaded AR-15 to a city government meeting in Idaho. I think she got everyone’s attention.
Read all about it!
Asian Shares Extend Losses After Dow Drops More than 1,000 Points on Coronavirus Fears
(AP) – Shares are mostly lower in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy.
Japan’s Nikkei 225 index lost 3%, to 22,686.61 after it reopened from a holiday on Monday. Hong Kong’s Hang Seng edged 0.2% lower to 26,777.88 and the Shanghai Composite index sank 1.6% to 2,984.19. In Australia, the S&P ASX/200 shed 1.2% to 6,896.10.
South Korea’s Kospi rebounded from a steep loss on Monday, adding 0.6% to 2,091.80. Shares also rose in Singapore but fell elsewhere in the region.
In Kuala Lumpur, Malaysia’s main benchmark dropped 2.7% amid a political upheaval after Prime Minister Mahathir Mohamad offered his resignation to Malaysia’s king while his political party quit the ruling alliance.
Overnight on Wall Street, traders sought safety in U.S. government bonds, gold and high-dividend stocks like utilities and real estate. The yield on the 10-year Treasury fell to the lowest level in more than three years.
Technology companies, whose supply chains have been disrupted, accounted for much of the broad market slide, which wiped out all of the Dow’s and S&P 500’s gains for the year.
Weinstein Found Guilty of Sexual Assault, Rape, in Victory for #MeToo Movement
(Reuters) – Former movie producer Harvey Weinstein was convicted of sexual assault and rape in a New York court on Monday and taken off to jail in handcuffs, a victory for the #MeToo movement that inspired women to publicly accuse powerful men of misconduct.
Once one of Hollywood’s most influential producers, Weinstein, 67, was found guilty of sexually assaulting former production assistant Mimi Haleyi in 2006 and raping Jessica Mann, a onetime aspiring actress, in 2013.
Officers helped Weinstein unsteadily to his feet before leading him away. His lawyer said Weinstein, who has used a walker throughout the trial, was expected to be taken to a medical facility at New York City’s Rikers Island jail complex.
A spokesman for Weinstein said later that the onetime movie mogul was diverted instead to Bellevue Hospital in Manhattan, which has a unit that provides medical care for jail inmates.
The spokesman, Juda Engelmayer, told Reuters he did not know why Weinstein went to Bellevue or how long he would be there. But a number of news outlets, including Variety, reported that he had complained of chest pains.
Read more here
Trump’s “Public Charge” Rule Takes Effect, Reshaping Legal Immigration
(CBS News) – The Trump administration on Monday began enforcing stringent income-based requirements for green cards and certain visas, instituting the most ambitious unilateral effort in recent history to change the nation’s legal immigration system.
After multiple legal barriers blocking the implementation of the new requirements were cleared by the conservative-leaning Supreme Court, most green card applicants in the U.S. and abroad will now be subjected to a redefined “public charge” test. Under the rules by the Departments of State and Homeland Security, immigration officials have more power to deny applications from petitioners they deem are, or could become, an economic burden on the country.
The sweeping policy change, one of the administration’s top immigration priorities, is expected to block the entry of hundreds of thousands of people, disproportionately affecting prospective immigrants from Asia, Africa and Latin America, according to experts.
Learn more here
Girl, 11, Brings AR-15 to Idaho Hearing on Gun Legislation
(AP) — An 11-year-old girl toting a loaded AR-15 assault weapon appeared Monday at a legislative hearing with her grandfather, who is supporting a proposal that would allow visitors to Idaho who can legally possess firearms to carry a concealed handgun within city limits.
Charles Nielsen addressed the committee that voted to send the legislation to the full House as Bailey Nielsen stood at his side with the weapon slung over her right shoulder, but did not say anything.
“Bailey is carrying a loaded AR-15,” Charles Nielsen told lawmakers. “People live in fear, terrified of that which they do not understand. She’s been shooting since she was 5 years old. She got her first deer with this weapon at 9. She carries it responsibly. She knows how not to put her finger on the trigger. We live in fear in a society that is fed fear on a daily basis.”
He said Bailey was an example of someone who could responsibly handle a gun, and lawmakers should extend that to non-residents.
“When they come to Idaho, they should be able to carry concealed, because they carry responsibly,” he said. “They’re law-abiding citizens. It’s the criminal we have to worry about.”
There was no notable reaction among lawmakers to the girl carrying the AR-15, and none asked Charlie Nielsen any questions after he testified. Guns are not an uncommon sight in the Statehouse when gun legislation is being debated, particularly handguns on belt holsters. Long rifles such as AR-15s also appear occasionally.
Read more here

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Man Arrested for Looting Was Out on Bail for Grisly Crime

Philadelphia, a city under siege, has witnessed the arrest of over 50 individuals in a two-day crime spree, causing the demise of numerous businesses. Among those arrested is Kenneth Frye, a suspect in a recent burglary who was out on bail connected to a significant murder case from the previous year.
The city’s police department apprehended Frye for looting a Fine Wine & Good Spirits store located in West Philadelphia. Previously, Frye, who once worked as a bouncer, was charged in connection to the death of Eric Pope. It’s reported by FOX 29 that he fatally punched Pope outside Tabu Lounge in Center City. Initially charged with 3rd-degree murder, a motion has been filed by the District Attorney’s office to reduce the charge to Involuntary Murder.
This wave of criminal activity, spurred by social media, resulted in numerous arrests, involving both adults and juveniles, and is just a snapshot of the broader chaos infiltrating the city.
Charges ranging from Rioting to Burglary and Disorderly Conduct have been filed against the arrested individuals, with many arrests occurring at notable establishments such as Lululemon, T-Mobile, and Walgreens.
Arrests include:
- Aauanyae Haynes, a Black female, 19
- Sabree Young, a Black female, 31
- Steven Wells, a Black male, 26
- Traqwan Word, a Black male, 24
- Lisa Talley, a Black female, 34
- Yasmine Fields, a Black female, 23
- Kenneth Frye, a Black male, 24
- Kyreek Leak, a Black male, 21
- Reginal Alexander, Black male, 33
- Gabriel Gines, a Hispanic male, 23
- Alena Gigliotti, a White female, 26
- Petra Gonzalez, a White female, 24
- Jessica Blake, a Black female, 37
- Semaj Suber, a Black female, 29
- Aniya Taylor, a Black female, 21
- Hartzog Mashaad, a Black male, 27
- Isis Morgan, a Black female, 23
- Khalilah Green, a Black female, 21
- Ernest McCollum, a Black male, 31
- Jessica Arnold-Coit, a Black female, 30
- Quanika McQueen, a Black female, 31
- Denzel Walker, a Black male, 27
- Mikal Reed, a Black male, 26
- Tyheed Hill, a Black male, 26
- Anthony Abner, a Black male, 35
Per Fox News, three juveniles — a 14-year-old Black male, a 16-year-old Black male and a 14-year-old Black female — were also arrested for Rioting, Burglary, Disorderly Conduct, and Theft at a Lululemon store, according to the report.
This spree of destruction and lawlessness is indicative of the escalating disorder in the city, exemplified by the arrest of Frye, who, despite his involvement in a serious murder case, was back on the streets only to be implicated in further criminal activity.
The city remains in a state of turmoil as businesses struggle to recover, and residents live in the shadow of relentless criminal activity.
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
Featured
One Third of the Entire Country’s Homeless Population Lives in This State

The staggering issue of homelessness looms large over California, with the state hosting nearly a third of the nation’s rising homeless population, which stands at 582,462 people according to the U.S. Department of Housing and Urban Development.
In the bustling city of San Francisco, Anthony, a former restaurant worker who has lived in a tent for three years, is just one of over 170,000 unhoused Californians.
The city’s inflated living cost, with average rent for a one-bedroom apartment being roughly $3,000 a month, starkly contrasts with its minimum wage of $18.07 an hour, leaving many like Nelly Sorto, a full-time cleaner and a mother of two, struggling to break into the rental market.
Anthony, a former chef, has experienced the vicious cycle of homelessness firsthand, stating, “Once you get behind, you just can’t get up,” to ABC News.
The economic downturn during the pandemic left many like him, striving to find a permanent home and bouncing from street to street as city officials clear their encampments.
This visible homelessness crisis is often attributed to several factors, including the high cost of living related to the tech boom and mental health issues experienced by many individuals.
Jennifer Friedenbach, executive director of the Coalition on Homelessness, said to ABC News, “California has systemic issues in terms of its housing affordability… So, what we need to do in California is really have a massive investment to offset that difference between incomes and rent.”
The rising number of encampments has sparked frustration across the state, with residents like Jeanne Vasquez expressing concern over safety and the declining quality of life in their areas.
In July, Vasquez conveyed her discontent to ABC Los Angeles, citing instances of broken glass, needles on the ground, and inappropriate behaviors exhibited by individuals dealing with mental illnesses.
To combat this escalating issue, President Joe Biden announced an investment of an extra $3 billion focusing on support services including rental assistance, legal help, and job search support, with a particular emphasis on veterans.
However, GOP presidential hopefuls like Florida Gov. Ron DeSantis and former President Donald Trump have utilized the grim reality of the homelessness crisis in blue states to critique Democratic leadership.
Trump has been vocal about his stance on “urban camping,” promising to ban it and offering rehabilitation options for violators, as mentioned in one of his campaign ads.
However, Friedenbach argues that such policies essentially criminalize the homeless and advocates for a more comprehensive approach involving the federal government investing in housing vouchers, long-term housing subsidies, and reforms in mental health and substance use treatment systems.
She believes that this crisis is a “manufactured issue” created by a “lack of investment” and calls for active listening from the federal government to truly understand and address the needs of the unhoused people.
Despite the relentless efforts of San Francisco outreach teams, many unhoused individuals either decline offers of shelter or already have shelter but cannot be compelled to come inside, as per a spokesperson for the San Francisco Department of Emergency Management.
While some, like Anthony, have been offered a place to stay, the glaring reality remains that thousands are still on the streets yearning for a place to call home, with at least 350 unhoused individuals still on the waitlist for housing in San Francisco.
The pervasive crisis necessitates immediate, profound measures and substantial investments to bridge the substantial gap between incomes and rent, and to address the systemic issues contributing to the surge in homelessness.
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
Latest News
Parents in Fear as Prowler in White Van Targets Children

New London, Connecticut, is in a state of heightened alert as reports emerge of a man attempting to lure children into his white van.
The New London Police Department, in conjunction with the New London School District, is rigorously working to identify the suspect, whose latest sighting occurred near Bennie Dover Middle School.
The suspect is described as either White or Hispanic with black hair and a beard, which is either black or gray. The vehicle he’s been spotted in has tinted windows.
Residents of New London are understandably rattled.
“It makes me terrified; it makes me sick to my stomach,” expressed Mystique Elefante in a conversation with WFSB.com.
With an infant daughter of her own, Elefante vocalized her fears, stating she’s “afraid for my daughter to grow up,” amidst such unsettling reports.
For New London Police Capt. Matt Galante, the situation demands immediate attention and stringent precautionary measures. Galante advises students to maintain groups for safety and to vocally alarm others if danger is sensed.
“Scream, yell, make as loud a sound as you possibly can. Scream for help,” he told WFSB. “There are strength in numbers. We encourage kids walking home from school to walk together.”
This alarming incident has prompted a community-wide call to vigilance. Capt. Galante emphasized the urgency of alertness within the community and the role of every individual in maintaining a watchful eye.
“We wanted to get the message out to parents and the community at large that this may be happening within our community and for people to be vigilant and look for these types of events,” he mentioned to NBC Connecticut.
The New London Police Department has urged anyone with relevant information to come forward, allowing for anonymous tips to be sent to the New London Tips 411 system.
The involvement of the community is crucial in aiding the ongoing investigation to ensure the safety of the young residents of New London, as law enforcement intensifies its efforts to locate the prowler and his vehicle.
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
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