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However first I’ll begin with the BONUS:
By no means thoughts the Courtroom’s immunity ruling — Trump can be prosecuted for Jan. 6. And for hiding paperwork from the FBI. Will probably be lengthy after the election, after all; and by no means, if he wins; however it’s simply potential justice will be achieved. Isn’t that presupposed to be one of many nice issues about our nation? That each man is presumed harmless till confirmed responsible — however that no man is above the legislation?
And now — what is that this? Christmas? — a SECOND BONUS:
Steve Ratner’s charts blowing Trump out of the water on the economy — and crime. Info to be shared extensively.
Now BERNIE.
We’re all flooded with appeals. This one, from Senator Sanders yesterday, really obtained me to click on:
Pricey Pal,
As I’m positive you might be conscious, this isn’t a standard election.
It isn’t a standard election after we are working towards somebody who’s a pathological liar.
It isn’t a standard election after we are working towards somebody who has been convicted of 34 felonies.
It isn’t a standard election when our opponent is a convicted sexual abuser and, as a personal businessman, was concerned in 4,000 lawsuits — indicating a complete lack of trustworthiness.
However it’s even worse than that.
When Donald Trump claims that “no one” confirmed up at a ten,000 particular person Harris-Walz rally in Michigan that was live-streamed and extensively coated by the media, that it was all AI, and that Democrats cheat the entire time, there’s a technique to his insanity.
Clearly, and dangerously, what Trump is doing is undermining American democracy and laying the groundwork for rejecting the election outcomes if he loses.
When you can persuade your supporters that 1000’s of people that attended a televised rally don’t exist, it won’t be laborious to persuade them that the election returns in Pennsylvania, Michigan, and elsewhere are “faux” and “fraudulent.”
It ought to be a secret to nobody. Trump’s objective is to destroy religion in American establishments and the rule of legislation and transfer us towards an authoritarian society.
However it’s not simply Trump’s dishonesty and authoritarianism that should be defeated.
We can’t elect somebody who believes that, within the 12 months 2024, ladies do not need the best to regulate their very own our bodies. For the sake of our children and future generations we can’t elect somebody who believes that local weather change is a “hoax.”
That is why we should do every part we are able to to see that Trump is defeated and Kamala Harris is our subsequent president.
However we should do extra.
Not solely do we’ve to defeat Trump, however we should construct a powerful grassroots motion that may confront the extraordinary greed of the large cash pursuits who’ve a lot energy over the financial and political lifetime of our nation. Our objective: a authorities that works for all, not simply the few.
Sure. We have to overturn the disastrous Supreme Courtroom choice on Residents United and transfer towards public funding of elections. Billionaires shouldn’t be in a position to purchase elections.
Sure. We have to be part of the remainder of the industrialized world and assure well being care to all as a human proper, not a privilege.
Sure. We have to elevate the minimal wage to a residing wage and make it simpler for staff to affix unions.
Sure. We have to deal with the unprecedented degree of revenue and wealth inequality and demand that the rich and huge companies begin paying their justifiable share of taxes.
Sure. We have to construct thousands and thousands of items of low revenue and inexpensive housing and cap lease will increase.
Sure. We should finish the absurdity of getting the very best price of childhood poverty of virtually any main nation, make a powerful youngster tax credit score everlasting and make investments closely in childcare.
Sure. We should strengthen public schooling in America, pay lecturers the salaries they deserve and be sure that each particular person, no matter revenue, receives the upper schooling they should pursue their goals.
Backside line. We live in a pivotal second in American historical past. Within the subsequent three months allow us to roll up our sleeves, come collectively and do the laborious work that needs to be achieved as a way to defeat Trump and elect Kamala Harris as president.
And allow us to additionally perceive that there can be no progress on these points or any others that the working individuals of this nation care about if Republicans management the Home or the Senate.
So not solely should we win the presidential race, however it’s essential we combat and win races up and down the poll.
However nobody particular person can do this alone — not Kamala Harris, not Tim Walz, not any candidate working for workplace anyplace within the nation. It should take all of us chipping in to assist.
So I’m as soon as once more asking on your monetary assist:
Our activity is obvious. Within the subsequent 81 days allow us to do all that we are able to to assist the Harris-Walz ticket win a serious victory. And, on the day following that win, allow us to proceed our battle to rework our nation and create the form of nation we all know we are able to turn into.
In Solidarity,
Bernie
There are a few coverage positions there I don’t agree with — capping rents kills the inducement to construct new housing, which in the end makes housing extra costly — however on the entire, as traditional, Bernie nails it.
One in every of you despatched me an extended checklist of shares, asking whether or not he ought to nonetheless maintain them (and do I?).
They’ve almost all gone down, for which there are two causes:
> First, I’ve made a variety of rotten — or, at least, horribly timed — options.
> Second (as he explains it), “those that went up went into my DAF, so there’s a excessive % of down shares right here.” [DAF = Donor Advised Fund. The two biggest are at Fidelty and Schwab.]
“I actually respect your portfolio,” he writes. “I’ve made a lot of cash due to you.”
Studying his checklist, it’s laborious to think about how.
ANIX — $3.19. One in every of my sensible guys thinks its drug trials will fail — the inventory goes to zero. One other thinks they may succeed — the inventory goes to the moon. How can I resist?
FANH — $1.40. Steered ages in the past round $6, we offered round $20 and $35 . . . not as a result of I had any thought it could then fall and fall and fall, however just because the upside had been realized and it was time to search out higher values. Like, for instance . . .
CNF — $1. . . . a separate Chinese language client finance firm that was in some way associated to FANH, which that very same pal thought (when it was $4) might be a repeat of FANH, quintupling. As an alternative, it’s been a catastrophe. If the numbers are to be believed (with a Chinese language firm, a good larger if than traditional), the inventory is promoting at 3 times earnings! My pal owns a ton and thinks sometime we’ll reap our reward. I do know nothing — however it positive doesn’t really feel as if we’re going to reap a reward. And but I’m manner too cussed to promote.
GLDD — $9. Many people purchased it at a lot decrease costs. I nonetheless have a bit of. It ought to be infrastructure play, however I wouldn’t rush to purchase it right here. Possibly sooner or later it is going to be acquired for $15?
OPRT — $3.13. One in every of my favourite moon pictures for many who have cash they’ll actually afford to lose.
SQNS — $0.55. They have been presupposed to be acquired at $3.03, and many people took no less than a few of our modest revenue round $2.80 — the money to amass it was in escrow! I used to be counting my chickens with nice confidence! — after which all of it fell aside primarily based on some French tax rules or one thing I didn’t perceive. It might now go all the way in which to zero. However at 55 cents, I purchased extra.
YTRA — $1.34. There are a complete lot of Indians, and so they journey. If the inventory ever obtained again to $4 or $5, I’d most likely promote.
BKUTK — $367.50. Oh, look! An precise grown-up inventory (albeit a tiny, extremely illiquid one) that pays . . . await it . . . a dividend! It’s a really conservatively run neighborhood financial institution, most likely value double what it’s promoting for if administration cared concerning the inventory worth, however they actually don’t. So I gather my 5% dividend and am form of caught.
BOREF — $1.75. My original folly. WheelTug may nonetheless occur. If it does, the drinks are on me.
HYMC — $2.24. Haven’t modified my opinion. Nonetheless holding. (Be aware the 1-for-10 reverse break up since I paid 22 cents; at immediately’s worth, it’s not up tenfold, it’s mainly unchanged.)
KLTR — $1.23. Nonetheless holding. As with all these others, you should use the search field to learn no matter I could have written about these klunkers prior to now.
PRKR — $0.16. May the judicial system ever give this firm a break? In that case, even with a bazillion shares now excellent, the inventory might double or triple. Or else simply steadily disappear, yet another nail within the U.S. Patent System’s coffin.
RECAF — $0.77. I hope renewable power grows so quick we by no means want the fossil fuels this firm most likely sits on. However I’m manner too cussed to promote.
RNGE — $0.30. Excessive hopes — as with all of the above, solely with cash we are able to afford to lose.
VNRX — $0.57. Don’t individuals care about their pets??? This firm is meant to be making a fortune by now! The pal who prompt it at greater than twice immediately’s worth says he doesn’t perceive why they’re not doing higher. I haven’t offered a share, however I’m not notably optimistic.
Have an important weekend.
Pleasure and hope are again.
The money and support preserve pouring in!
Editors Be aware: This text was initially printed on August sixteenth, 2024 on andrewtobias.com, syndicated with permission.
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