Back From Orlando. Host of Articles, Cartoons and Links.

++++++++++++++++++++++++++++++++++++
 I am writing this on Wednesday right before we leave for Orlando.  The market opened higher as is not surprising but I cannot see it going higher before it re-tests and I believe has more downside.

Trump will speak tonight and defend his administration and lay out what they are doing but the Democrats will attack him because that is what they do since he can do nothing right in their eyes and they fear , should he win re-election, he will continue to take away their power.

Furthermore, every crisis allows Democrats to spend money and Schumer and Pelosi are now asking for 7 billion and Trump is seeking less than 3.  Liberals believe spending money is the way to heaven.  They believe it is a Godly act. and the more they seek the more they believed they are assured they will enter The Pearly Gates and be assigned cushy jobs.

What is so ironic is Schumer and Pelosi are accusing Trump of not knowing what he is doing and yet want to give him more money than he wants at this time. Go figure.

Just returned from Orlando and I wrote this while there:

I have often warned when I leave town, have been in Orlando since Wednesday, you get increased volatility and this time was among the most volatile.  The primary issues that have driven the market down remain with us  Over valuation has largely been cured unless economic disruption, caused by the coronavirus, wrecks earnings and earning projections.  Certainly it will put a dent in them.

That said,  I am writing this on Friday before the market opens. I expect some further pressure on the downside but believe it is now reasonable to begin nibbling at a variety of stocks that offer compelling values, some excellent yields and all good appreciation prospects long term with a variety of risks.

Capital goods and basic industry - DOW Chemical - DOW.

                                                       Freeport - Mc Moran - FCX (speculative)

                                                       ACUITY - AYI 

Consumer _ Kraft Heinz - KHC (Higher risk)

                     Walgreen - WAG (Has near term issues.)

                     Newell Brands - NWL (Speculative)

Technology - Apple - AAPL (Chinese impact.)

                      Cisco- CSCO (Near term product demand issues.)

                      Qualcom - QCOM(Somehwat tied to AAPL but has 5G demand as an offset.)

                      Intel - INTC (Commodity company that has been behind the curve.)

                      IBM - IBM (long shot but new management could turn company around.

                      AT&T - T 

                      Crowdstrike Holdings - CRWD (very speculative)

                      Tencent Holdings - TCTZF (Chinese Entertainment Conglomerate)

Energy - Baker Hughes - BKR (Any company connected yo energy is under big cloud.)

               Schlumberger - SLB ( Being challenged by other oil service companies.)

               EMERA - EMRAF (Long term demand for electricity tied to growth in Tampa area.)

               Suncor - SU (Paying down debt, raising dividend and reducing drilling for new energy.)

               Kinder Morgan - KMI (Raising dividend, reducing debt.)

Financial - Manulife - MFC (Hong Kong and other Asian markets currently impacted.)

                  KKR - KKR (Bet on management.)

                  Blackstone - BX (Same as KKR - BX more heavily committed to real estate.)

                  AIG - AIG (Turnaround begun?)

                  Citigroup - C (Lagging value.)

                  Wells Fargo - WFC (Gradually getting it's act together.)

                   Invesco - IVZ (Oppenheimer Acquisition offers some growth prospects but leveraged balance sheet.)

Health - Abbvie - ABBV (Solid research.)

             Bristol Myers-Squibb - BMY (Cander drug prospects.)

             Merck _ MRK (Premier cancer product.)

             TEVA - TEVA (speculative) 

              Crispr Therapeutics - CRSP (Very speculative)

The political scene has escalated from ridiculous to tragic.  Schumer, Pelosi et. al have proven  more dangerous than the virus itself.  Their constant harangues and attacks on Trump are, not only blatant, but also  downright spurious and despicable.

a)They accuse Trump of acting late while they were the ones engaged in keeping Congress pinned down with delaying  impeachment tactics. When he acted he was ridiculed as overreacting.

b) Democrats have been doing their level best to incite and create fear and panic in hope it would bring the market down so as to gain campaign leverage and reduce Trump's odds of victory.  Like with the impeachment , these actions will boomerang.

c) Those seeking the Democrat nomination are all basically radical. Even those who might be considered  rational have moved far left in order to appeal to those who would trade capitalism for socialism. In doing so, they too find nothing positive Trump has accomplished adding more logs to the Hate Trump flames resulting in further political discord. Remember when Bill Mahr said he was hoping fora recession.

d) The entire  world is facing a new medical challenge for which it was ill prepared and was  basically caused by dire health conditions in China and Communist party hiding facts in order to protect itself from the obvious. However, for political reasons, blame is being placed on Trump and the radicals are being supported by a biased and totally disingenuous mass media which Atty General Barr called out in a recent speech.

Democrats are weaponizing a tragic event and deserve to be thrashed come election time.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Israel announced they expect a virus drug to be in trials shortly:https://www.wsj.com/articles/drugmaker-moderna-delivers-first-coronavirus-vaccine-for-human-testing-11582579099?mod=djemMER_h
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Have not heard a lot about the Beer plant murders.  Is it because it does not fit the mass media's biased narrative? http://www.ruthfullyyours.com/2020/02/28/theres-a-very-good-reason-the-media-is-silent-about-the-milwaukee-mass-shooting-by-andrea-widburg/
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Has The New York Time's decided to cutback on editorials since they no longer know what the truth is because they have become immersed in their own lies?

https://www.nysun.com/editorials/the-new-york-times-editorial-retreat/91030/ The New York Times’ Editorial Retreat  Editorial of The New York Sun February 28, 20 +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Is there ever a time to go soft on capitalism? https://www.wsj.com/articles/this-is-no-time-to-go-wobbly-on-capitalism -11582739248?mod=opinion_lead_pos6   +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

While away I received this sad, but not unexpected, e mail.

Hank was a friend since 1952.  He was the faculty advisor of my college fraternity and subsequently spoke for me when I moved to Savannah and began my Speaker Series.  Hank was "the" authority on The Supreme Court's History and former Justice Scalia was one of his dearest Court friends.

Hank was a brilliant professor and when he did not get tenure, he so richly deserved at Penn, he re-located to The University of Virginia and was immediately given tenure. He was beloved  and will be sorely missed.

Every year after he retired a lecture series was named in his honor.  Professor Barbara Perry was a dear friend and in charge of the  series named after Hank. Me



Dear Friends:

It is with profound sadness that I must report the passing of our beloved Henry. He succumbed to the infirmities that accompany achieving 98 years of living a full and extraordinary life. But, when I last saw him, he was not in pain and was his smiling, cheerful self. As he would say, “death came as a friend.”

We will carry on with the May 1 Abraham Lecture as planned, with Neal Katyal, and will raise a glass (or 2!) in Henry’s honor.  His indomitable and inextinguishable spirit will always be with us.

A private burial with the family will be held, with a memorial, as yet unscheduled, in the future. You can consult the Charlottesville Daily Progress (or Regress, as Henry liked to call it) for an upcoming announcement. (https://www.dailyprogress.com/obituaries/)

Henry’s sons Phil and Pete are cc’d above, as are my colleagues at the Miller Center, Natalie and Alfred, should you have any questions for the latter about the Abraham Lecture logistics. Be sure to respond to the Eventbrite electronic invitation, if you have not already done so. The Abrahams’ WCBR address is 205 Pan Tops Mountain Road, #5311, Charlottesville, VA 22911, if you wish to contact Mildred.

Thank you all for your support of the Abraham Lecture and its namesake. He loved you beyond telling.  Barbara

PS I am on the road over the next weeks, so I may not be able to respond to calls and e-mails as quickly as the Germanic heritage that I shared with HJA would ordinarily demand.

Thank you for understanding.

On Dec 11, 2019, at 6:05 PM, Barbara Perry <perry@sbc.edu> wrote:



Dear Friends of the Abraham Lecture:    

We are pleased to announce that Georgetown Law Professor Neal Katyal, Hogan Lovells partner, former acting solicitor general, author, and media commentator, will deliver the 22nd annual Henry J. Abraham Distinguished Lecture, on Friday, May 1, 2020, at the University of Virginia’s Miller Center, 2201 Old Ivy Road, at 3:00 p.m., in the Forum Room.  Free parking is available at the Miller Center. Please note the earlier start time, which was necessitated by Professor Katyal’s schedule.  

The Miller Center now requires that all attendees register electronically for events.  Watch your e-mail for an “Eventbrite” invitation to the lecture from the Miller Center. Please register promptly to guarantee a seat before the event is opened to the public for registration.  We want to try to ensure that Friends of the Abraham Lecture who have registered have a seat in the Forum Room (rather than in an overflow space), but please arrive early for that privilege.  My colleague, Natalie Russell, can answer any questions you might have about registering.  Her e-mail is cc’d above, and her phone number is 434.982.3719. 

Professor Katyal is a Phi Beta Kappa graduate of Dartmouth, holds a Yale Law degree, and was an editor of the Yale Law Journal.  He clerked for Judge Guido Calabresi of the U.S. Court of Appeals for the Second Circuit and then U.S. Supreme Court Justice Stephen Breyer. He has argued 39 cases before the Supreme Court and has just published a book on impeachment, which we plan to have available for purchase and signing. 

We hope that you will be able to join us for the lecture in Henry’s honor at the Miller Center, as well as for drinks/dinner to follow (5:00 p.m.), at Westminster-Canterbury of the Blue Ridge, Rotunda Room (on the main floor of the central building), 250 Pantops Mountain Rd., Charlottesville 22911.  Free parking is available in the guest lots throughout the WCBR complex; just ask the attendant in the gatehouse for directions.  Please do not park in front of residents’ cottages, but all other unmarked spaces are open to guests. 

RSVP for the dinner by April 23 to me at barbaraperry109@gmail.com or 434.974.7911.  

Sincerely, 

Barbara

Barbara A. Perry

Chair, Abraham Lecture Steering Committee

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 

Please, dear readers, blame not the Good Doctor Hanson for the faux pas seen herein below contained in my last transmission under the title "Here's a little Bernie Lagniappe". It was lifted (without attribution from an obvious Bernie-hater) from a joke poster that was floating around the Internet. My mistake (for which I most humbly apologize) was not to make it more clear that it was meant to be a joke. A joke along the lines of the comments recently being made by that sagacious Congresswoman, Alexandria Ocasio-Cortez who wonders who is now president since Trump was acQUITTED. I shall attempt to be more clear in future transmissions. Here's a little Bernie Lagniappe Bernie Sanders said at the debate last week that he wants minimum wage to be $15 per hour. 15$ X 40 hr week= $600 600$ X 52 weeks per yr = $31,200 Bernie Sanders wants free health care for all and was asked how he would pay for it. His answer was raise taxes to 52% on anybody making over $29,000 per year.

52% of $31,200 = $16,224 in tax

$31,200 - $16,224 = $14,976 is your pay

$14,976 + 52 weeks= $288 per week

$288 + 40 hr week = $7.20 per hour

Way to go Bernie!!!!

Math. It's fascinating.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
In a previous memo I posted information pertaining to "The Trump Rule’s Congressional Reform Act Of 2018."  There was no such proposed legislation.  It was a series of conservative ideas/proposals  presented to him.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

My God! Better Than Limited Term Legislation. The Pathetics Debated Last Night.

As I previously wrote, I turned on the Charleston debate, caught the first question and response and went back to packing. It became evident, in less than 3 minutes, it was going to be an evening of eye scratching nonsense by out of control, arm flaying octogenarians. How pathetic.

The Erick Erickson Show – Worst Debate Ever

The Erick Erickson Show is live! Here’s the plan for today:

WATCH:

And:

https://www.wsj.com/articles/democratic-debate-in-south-carolina-the-moments-that-mattered-11582688671?mod=mhp

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

I like Doug Collins, enjoyed his stem winding performance here several weeks ago.  He has been very supportive of Trump.  The attached article is persuasive. I want Georgia conservatives to keep this important seat and know there will be a lot of outside money flowing in to capture it for the Democrats as was the case when Abrams ran.  Have not made up my mind at this point.

https://www.americanthinker.com/articles/2020/02/why_doug_collins_needs_to_win_the_georgia_senate_race.html

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

When it comes to impartiality Trump leads the parade:.  This is far better than limited term legislation.

The Trump Rule’s Congressional Reform Act Of 2018:

1– No Tenure / No Pension. A Congressman / Woman, collects a salary while in office and receives no pay when they're out of office. No more perks go with them.

2– Congressman / Woman (past, present & future) participate in Social Security. All funds in the Congressional Retirement Fund move to the Social Security System immediately. All future funds flow into the Social Security System, and Congress participates with the American People. It may not be used for any other purposes.

3– Congress must purchase their own retirement plan, just as all Americans do.

4– Congress will no longer vote themselves pay increases. Congressional pay will rise by the lower of CPI or 3%

5– Congress’s current Healthcare System is terminated, and they participate in the same Healthcare System as the American people.

6– Congress must abide by all the laws they impose on the American people

7– All contracts with past and present Congressman / Woman are void. The American people did not make these contracts with Congressmen / Women.

The Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators serving their terms, then going home and back to work, and not get all kinds of freebies!

No wonder THEY’RE FIGHTING THIS TOOTH AND NAIL!

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
You would think that when this coronavirus issue  has been brought under control China would be in the dog house but,as I wrote in a previous memo, it was only a matter of time before corrupt Democrats would put the bad mouth on and blame Trump as they did GW when he flew over the Hurricane that hit New Orleans.

Schumer is a lout.   Stop and think what pathetic figures are the leading speaking heads of the Democrat Party; Pelosi, Schumer, Schiff, Nadler, AOC, Sanders, Warren. Waters among others.  How would you like to spend a weekend on an island with any of them.  My God . I would not even want to drink a Corona Beer with them.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Off to Orlando for our two grandchildren's co-birthday party. They have asked contributions to help save the animials in Australia.

Have a great weekend.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Dick

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

What Are Friends For?

Leaving again tomorrow morning for Orlando and returning Sunday. We have nothing to eat in the house so went out for dinner and returned in time to catch the debate.  I listened all of 3 minutes and got sick to my stomach so I got up and finished packing.

Have a great weekend.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
From time to time I hear how our relationship with Israel is a financial burden.  If truth be know Israel does a great deal for our country by way of intelligence.  This is an example of what I mean.

How Israel Saved American Lives in Vietnam - Spyridon Mitsotakis (Washington Examiner)

• During the 1967 Six-Day War, the Syrian army in the Golan Heights abandoned its posts and left Soviet-supplied 
• equipment behind. Consequently, the Israelis captured state-of-the-art Soviet military technology intact - the very 
• same equipment that American soldiers were facing in Vietnam.

• Israel captured nine Soviet SA-2 surface-to-air missiles, along with their blueprints and operating instructions. 
• Israel was more than happy to share what they had with the U.S.

• In 1969, an Israeli commando team crossed the Suez Canal and captured an intact P-12 radar system used in 
• conjunction with the SA-2s. These systems had wreaked havoc on American air operations for years.

• In 1965, North Vietnam's SA-2 hit-per-launch ratio was 1 to 15. In 1972, the hit-per-launch ratio was 1 to 50. The 
• ability to jam North Vietnamese SAM radars had to have come from somewhere.

• In 1978, former U.S. Air Force intelligence chief Gen. George Keegan spoke about the intelligence the U.S. gains 
• from Israel: "I could not have procured the intelligence on the Soviet air forces, their combat capabilities, their new
•  weapons, their jamming and their electronics and their SAMs, with five CIAs."

 

How Israel saved many 

American lives in Vietnam

The Washington Examiner – Spyridon Mitsotakis

On a recent trip to Israel, I had an opportunity to visit a Soviet-built Syrian 

base in the Golan Heights. Amid the stone and concrete fortifications, my 

guide explained that during the 1967 Six-Day War, many of the Arab armies 

had panicked and abandoned their posts. They left their Soviet-supplied 

equipment behind.

Consequently, the Israelis were able to capture the most state-of-the-art Soviet

 military technology intact — the very same equipment that American soldiers

were facing in Vietnam. And Israel was more than happy to share what they 

had with the United States.

There is a quote that has for years made the rounds in publications dealing 

with U.S.-Israel relations. It is a quote from former U.S. Air Force intelligence

chief Gen. George Keegan, stating that the intelligence the U.S. gains from 

Israel is greater than what could be procured with "five CIAs."

However, tracing the quote back to its original source, Keegan's remarks to a 

panel in 1978 and reported on by a young Wolf Blitzer, one finds that Keegan 

was more specific about what kind of information the U.S. was gaining from 

Israel: "I could not have procured the intelligence on the Soviet air forces, 

their combat capabilities, their new weapons, their jamming and their 

electronics and their SAMs, with five CIAs."

In 1967, Israel captured nine Soviet SA-2 surface-to-air missiles, along with 

their blueprints and operating instructions. In 1969, an Israeli commando team

crossed the Suez Canal and captured an intact P-12 radar system used in 

conjunction with the SA-2s. These systems had wreaked havoc on American 

air operations for years. In 1960 and 1962, SA-2s shot down American U-2 

spy planes over the Soviet Union and Cuba, in addition to hundreds of planes 

over North Vietnam. Thanks to Israel, the U.S. was finally able to study this 

equipment, along with various Soviet MIG fighter jets Israel had obtained.

In 1976, Keegan received a special letter of thanks for a piece of intelligence 

he obtained, which referenced LINEBACKER II — the code name given to 

the December 1972 bombing campaign against North Vietnam.

"Dear George, Thanks very much for the most interesting preliminary report 

on the debriefing of your North Vietnamese source concerning 

LINEBACKER II. I will look forward to receiving the final wrap-up report, 

which promises to cast some light on a wide range of obscure subjects."

It was signed by the then-Director of Central Intelligence, George H.W. 

Bush.

Keegan's preliminary report detailed information provided by a defector about

 what he had learned from senior North Vietnamese officials. It stated that the 

defector had "learned some of the effects of the B-52 raids mounted by the 

United States in late December 1972. On more than one occasion, one of the 

political officers stated that had the raids continued for one more week, a 

general retreat and cessation of hostilities would have been forced. He 

emphasized that the degree of destruction of the air defenses and industrial 

base was too extensive to permit prolonged resistance."

Next to this point, DCI Bush wrote, "INDEED!" (He would later apply this 

tactic during the first Gulf War.)

The report itself, "Escape From Indochina," gave further explanation into 

what the defector had learned:

The B-52s were able to jam North Vietnamese radars from as far as 40 miles 

away, thereby denying firing data to their SAMs and AAA ... Normally, North

 Vietnamese SAM sites would fire only two SA-2 missiles at a single attacking

fighter aircraft; in the case of B-52s, however, they fired 'salvo after salvo.' ... 

BINH claimed that, after twelve days of these tactics during the strikes of 

December 1972, the supply of SA-2s was almost depleted at the North 

Vietnamese SAM units.

In 1965, North Vietnam’s SA-2 hit-per-launch ratio was 1 to 15. In 1972, 

facing the full SA-2 arsenal, the hit-per-launch ratio was 1 to 50. The ability 

to jam North Vietnamese SAM radars had to have come from somewhere. 

Considering Keegan's remarks, specifying the intelligence he obtained from 

Israel on "the Soviet air forces, their combat capabilities, their new weapons, 

their jamming and their electronics and their SAMs" — the source of the life-

saving information is pretty clear.

Spyridon Mitsotakis is a freelance writer. He holds a degree in history from 

New York University.

 +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Attachments area

Preview YouTube video Soviet Threat in the Middle East - IDF, Israeli F-4 Phantom 26230 HD

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Attachments area

Preview YouTube video Soviet Threat in the Middle East - IDF, Israeli F-4 Phantom 26230 HD

Attachments area

Preview YouTube video Soviet Threat in the Middle East - IDF, Israeli F-4 Phantom 26230 H