LOL, Moderna's surprise quarterly profit plunged 97% per share amid collapsing vaccine demand, comes from Covid shot revenue deferred from 2022, first quarter sales tank 69%, CNBC says 30%

CNBC, here:

Moderna on Thursday blew past estimates for first-quarter earnings and revenue, posting a surprise quarterly profit, despite lower demand for Covid vaccines, its only marketable product.

The biotech company generated first-quarter sales of $1.9 billion, driven by Covid shot revenue deferred from 2022. That’s down more than 30% from the $6.1 billion it recorded in the same period a year ago amid a resurgence of Covid cases.

Moderna posted net income of $79 million, or 19 cents per share, for the quarter. That’s compared with $3.66 billion in net income, or $8.58 per share, reported during the same quarter last year.

Seeking Alpha got it right, noting the inventory write-downs of "excess and obsolete COVID-19 products" nobody wants:

 

I'll just put this here for the record in the event CNBC later corrects their reporting without saying so:

Besides their bad character, what do Trump and Obama have in common in 2009 and 2020?

 Trump and Obama signed off on the two most fiscally irresponsible periods in post-war history, and Biden two years in looks set to join them.

The Executive is supposed to be a check on irresponsible spending. But both Trump and Obama went right along with it instead of vetoing the outrageous spending of the periods.

What else do they have in common?

Two crises, both of which plunged the country into hysteria.

The Great Financial Crisis did not begin to end until March 2009 when the FASB signaled its intent to suspend mark-to-market rules. The stock market bottomed almost immediately, but as with all cases of mass hysteria it took time for the panic to pass as other sectors recovered "one by one". 

The Pandemic Crisis gripped the country in March 2020, sending millions home from work, stocks plunging, toilet paper into shortage, businesses into bankruptcy, and on and on. With just about everyone vaccinated who was going to be by the end of 2021, the country gradually started to come out of it in 2022, eschewing jabs, masks, and social distancing as it became clear that the Omicron variant was infecting tens of millions despite all those measures.

2020 was the single most fiscally irresponsible year in the post-war since 1953. Federal expenditures, bloated by panicked bailouts, outpaced tax revenues by a whopping 216%.

Only 2009 comes close, at 210%, the second worst year on record.

Third, not shown, was 2010 at 196%, and fourth, not shown, was 2021 at 176%, each a part of the respective crisis periods.

Do you know what else those two years share in common?

Spending bills must originate in the House of Representatives.

In 2009 and 2020 its Speaker just happened to be the same person, as she was in 2010 and 2021.

Nancy Pelosi owns the four most fiscally irresponsible years in the entire history of the post-war. Her two speakerships literally busted out all over. 

As usual the media and the Democrats, but I repeat myself, are portraying the House Republican bill which lifts the debt ceiling by $1.5 trillion as a bill with "big spending cuts"

This is how NPR, who else?, frames the issue from the beginning:

The House of Representatives has narrowly approved a Republican bill to raise the debt limit. However, it ties the ability to raise that debt ceiling to big spending cuts. And this House bill rolls back several of President Biden's key policies.

The House Republican bill, now languishing in the Senate, rolls back spending levels to pre-COVID levels. That's not a spending cut. That's saying, as Biden himself says, the emergency is over.

If the emergency is over, the emergency spending should end, too.

Outlays in fiscal 2020 and 2021 ballooned because of the new pandemic spending. Deficits for just those two years soared to almost $6 trillion. Republicans seek to roll that spending back. Democrats want that spending to form the new baseline. If Democrats succeed, Katy bar the door. The national debt will absolutely explode.

NPR knows this. It just chooses to hide the facts about it all, how the pandemic spending created these massive deficits, and how that spending which flooded the economy with money contributed to the new inflation:

So it raises the debt limit by $1.5 trillion or through March of 2024, whichever comes first. It also sets spending levels for federal programs to those that were in place two years ago. It limits the growth of spending going forward to 1% annually. But as you said, it also targets a list of the president's policies. It repeals the president's student loan forgiveness program, which is tied up in the courts. It claws back unspent COVID relief money and rolls back key energy provisions that were in the Inflation Reduction Act. It also puts in place new work requirements for adults without children who receive federal assistance like food stamps or Medicaid.

Bank failure No. 3 of 2023: First Republic Bank of San Fran Freako, California

 

The FDIC estimates that the cost to the Deposit Insurance Fund will be about $13 billion. This is an estimate and the final cost will be determined when the FDIC terminates the receivership.

More.

The price of gold of $20.64/ounce from 1913 adjusted for inflation to today

 $647.22

Sucka.

The minimum wage of $0.40/hour from 1938 adjusted for inflation to today

 $8.71

Cry more.

Biden's doing the same thing as Obama in making the 2020 crisis spending the baseline for his future spending proposals

 Obama did it in 2009 and Republicans acquiesced, running trillion dollar plus deficits for four straight years until Republicans enforced some fiscal discipline in Obama's second term.

The author below, a Republican, doesn't mention that.

Will Republicans acquiesce again?

If they do, the national debt will easily swell to in excess of $51 trillion by 2033, from $31 trillion at the end of 2022.

From the story, "Trillion-dollar deficits: Biden’s new normal":

The president and his White House have taken the 2020 COVID-19, one-time-only crisis budget as his administration’s working baseline, rather than the pre-Covid 2019 budget, which had a significant $4.4 trillion price tag.

In 2020, because of the pandemic, the budget jumped 47 percent to $6.5 trillion, as both Democrats and Republicans supported the need for emergency funding. That COVID funding was to sunset as the country returned to normal — as it did last year. Apparently, Biden decided to ignore that crucial point.

Latest inflation reads show entrenchment, Fed will have to go higher and stay higher for longer but Congress must cut spending and raise revenues

 The Fed can do only so much, but a Fed Funds Rate of 4.83 is hardly adequate for current conditions.

The fiscal side in this, however, has been completely ignored.

Outlays for 2020-2022 alone have topped $19 trillion vs. receipts south of $12 trillion.

Fauci: "So many people cannot be completely wrong"

Fewer than 19 million Americans completed the initial vaccine protocol in 2022. Fewer than 25 million received at least one dose.

FAUCI: "When you look around, nobody did great, except maybe one or two countries"

 

Fauci: "We also had a public-health system that we thought was really, really good. But it was really, really antiquated."

 

Wallace-Wells: "We had vaccines designed by the end of January 2020." Fauci: "Yes."

 

Fauci: "The gay community with H.I.V. is very, very different from the ultraright MAGA community with Covid. However, there is a bit of connection there."

 

Fauci: "We had to rely on conference calls in the middle of the night"

 

Suddenly in retirement Fauci is just another physician, not the embodiment of Science who presided over the deaths of 1.1 million Americans

Fauci's still in utter denial about the early timeline, and about the relative severity of the pandemic here in the United States vs. elsewhere.

 

The outcome in the US has been 3.6 times worse than in Norway, 6.02 times worse than in Japan. But Fauci, the former embodiment of The Science ™, has ZERO curiosity about why.

 

The vaccines were already designed by the end of January 2020 (really? sounds like a PLANDEMIC, uh oh), but Fauci behaved rationally at the time like we weren't going to have a global pandemic which would even require them?

 

Give me a break. That's astonishing.

 

The entire interview is full of dodgy shit.

 

The New York Times, here: 

 

“I’m a physician,” he told me in response to criticism that he had pushed the country too far. “That’s my identity. I’ve taken care of thousands of patients in one period of my life during the early years of H.I.V. I believe that I have seen as much or more suffering and death as anybody has in most careers. I don’t mean to seem preachy, but I don’t want to see people suffer and I don’t want to see people die."...

 

"Something clearly went wrong. And I don’t know exactly what it was. But the reason we know it went wrong is that we are the richest country in the world, and on a per-capita basis we’ve done worse than virtually all other countries. And there’s no reason that a rich country like ours has to have 1.1 million deaths. Unacceptable."... 

 

"When you look around, nobody did great, except maybe one or two countries. Most everybody did poorly."... 

 

"If it took three years to get a vaccine, we would have had five million deaths here."... 

 

Wallace-Wells: Let’s talk about the vaccines. It was the fastest rollout in history, a miracle of modern medicine. But we had vaccines designed by the end of January 2020. The Phase II safety trials were completed by early July. Could we have accelerated the rollout from there and blunted that awful first winter surge? Could we do it faster in the future?

Fauci: Yes. The G7 talks about it: the hundred-day mission, to have distribution within a hundred days. Not that everybody gets vaccinated, but that you start doing it. Is that easy? No, it’s going to be really hard. Is it possible? I think so. ...

Wallace-Wells: But if you go back in time, if you put yourself in February 2020, you’re telling Helen Branswell,⁷ for instance, that this virus was low-risk and that you didn’t want to stake your credibility on what could be a false alarm. Do you wish you had said then more emphatically that this is a real, urgent threat and that we need to stand up our defenses immediately?

Fauci: Yeah, I think, retrospectively, we certainly should have done that. If you look at what we knew at the time, though — we didn’t know that in January. We were not fully appreciative of the fact that we were dealing with a highly, highly transmissible virus that was clearly spread by ways that were unprecedented and unexperienced by us. And so it fooled us in the beginning and confused us about the need for masks and the need for ventilation and the need for inhibition of social interaction.

 

Through March 2023 the dollar buys 13.8% less than it did when Biden was first elected by mail-in balloting in November 2020

 

FOX wins The Obama, gives AOC what she wanted after settling with Dominion

 

If stupid people want to watch FOX News and vote for Donald Trump, they should be free to do so in a free country

It's the AOCs and Reichs of the world who are the threat to freedom.

Robert B. Third Reichhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh-a

 

Treasonous Trump Must Be Barred From Running

Robert Reich, The Guardian

Get screwed, Chuck

 

Chuck Todd: "Americans Are Seething At Their Political Leaders And At Each Other"

We need legislation to solve the problem of leftists inciting revolution

 

AOC: We Need Legislation To Solve The Problem Of FOX News Being Allowed To "Incite Violence"

Climate Update for KGRR: 1Q2023

 Climate Update for KGRR: 1Q2023 since 1892

 

 

 

 

 

 

 

 

 

 

 

Average temperature, mean:  27.5F.

Average temperature, actual:  32.7F; Anomaly: 19%.

Compare 2012 actual: 37.4F; Anomaly 36%.

January 2023 was the fifth warmest January on record by average temperature.

February was the thirteenth warmest February on record by average temperature.

The March average temperature anomaly was comparatively insignificant at 3.8%.

Heating degree days, mean: 3354.

Heating degree days, actual: 2880; Anomaly: 14%.

Compare 2012: 2505 actual; Anomaly: 25%.

January ranked fifth for fewest HDD in January.

February ranked tenth for fewest HDD in February.

The March heating degree day anomaly was comparatively insignificant at 4.4%. 

Snowfall, mean: 40.8".

Snowfall, actual: 42.5".

March 2023 was the fourth snowiest March on record with 23.3".

LOL, 73-year old tranny calls 26-year old tranny fringe, apparently because of the bulge

The beef has been simmering for months and began long before Mulvaney’s string of brand-name endorsement deals. In October 2022, Jenner took issue with Mulvaney’s campaign to “normalize the bulge” — a reference to “women” who have male genitalia. “Dylan …congrats you’re trans with a penis,” Jenner snapped in a tweet. 

Getting a chopadickoffame is good enough for The Post apparently, which calls Mulvaney a biological male but not Jenner.

That won't cut it for most folks, for whom the two principals and The Post make three who are all umbday in any language.

Story. 

 

 

And there it is

 Trump's Pollster: DeSantis Leading Biden -- And Biden Leading Trump...

Drudge is running one negative story after another about Ron DeSantis for one simple reason

 The left desperately wants and needs Donald J. Trump to be the Republican candidate because they know they can beat him.

End of story.

Dan Bongino, who reportedly had the most successful Saturday cable show, is canceled at Fox in contract dispute after 10-year run

 Story.

Experts say EV fires can take hours, rather than minutes, to extinguish

 

 For more than a century, first responders have quite easily extinguished vehicle engine fires by popping the hood and drowning the area in water. That playbook doesn’t work with EVs.

More.

Imagine being on an all electric airplane at 35,000 feet.

Nice try, Jill, but just one of these incidents occurred in a driveway

The real headline to every CNN story about guns is the money line.

 

The Reason Americans Are Getting Killed in Driveways

Jill Filipovic, CNN:

 

America allows far too many people to arm themselves with deadly weapons.             

Republicans want the guy who got them the Supreme Court to resign

 

Nearly Two-Thirds in GOP Think McConnell Should Resign

Brady Knox, DC Examiner

16-year old genius went to unwelcoming white neighborhood on 115th Street instead of 115th Terrace looking for his younger siblings, didn't recognize that it wasn't his friend's home

Ralph Paul Yarl, 16, was shot just before 10 p.m. Thursday when he went to pick up his younger twin brothers from a friend's home, police said. But Yarl went to 115th Street instead of 115th Terrace and was shot twice after ringing the doorbell, his family’s attorneys, Lee Merritt and Ben Crump, said. ... Yarl went to three houses before someone finally helped him, his aunt, Faith Spoonmore, wrote on a fundraising page for the teen’s medical expenses. 

More.

Seems like the country isn't yet learning the lesson not to disturb old white men at 10pm

Donald J. Trump running for re-election on his warp speed roll out of an ineffective vaccine seems like a great idea, for a loser

LOL, there have been 70 million additional cases in the United States since Fauci said two years ago that every vaccinated person becomes a dead end for the virus

The "true number" is probably much higher, according to Our World In Data, due to "limited testing".

 

The right of center elites are unusually public about their pessimism all of a sudden

 

If Civilization Dies, Put It Down as a Suicide

Gerard Baker, Wall Street Journal

 

Can We Do Anything About America’s Decline?

Victor Davis Hanson, Am Greatness

 

Unless it's George (NY-3) Santos' favorite song

 STUDY: Listening To Music For Hour Prevents Dementia...

LOL Emma Newburger writing for CNBC wants to make sure you know that it was evil Republicans on the 9th US Circuit Court of Appeals who overturned Berkeley's ban on natural gas hookups

 Emma is CNBC's go-to green ideologue on staff.

“By completely prohibiting the installation of natural gas piping within newly constructed buildings, the City of Berkeley has waded into a domain preempted by Congress,” Judge Patrick Bumatay, a Trump appointee, wrote for the panel. ...

All three judges on the panel were Republican appointees. The ruling reversed a 2021 decision by a U.S. district judge who had blocked the challenge to the city’s ban.

More.

The thing will probably go to the full 9th Circuit next, and then possibly to the Supreme Court of the United States.

She's got shingles, they say, which is good news for patriots seeking to block Biden's appointments

Schumer Seeks Sub For Feinstein on Judiciary Committee, GOP Says No

Bud says, We are in the business of bringing people together over a beer

 

On the Bud Light boycott Trump is MIA

 Story.

20-year old car passenger very attuned to people's needs and feelings shot dead by 65-year old property owner at 10pm

 Woman, 20, fatally shot by upstate NY homeowner after pulling into wrong driveway: sheriff 

 

 

16-year old musical genius known for his intellect and headed for Yale couldn't read the signs at 10pm

 Kansas City man, 85, is charged with first-degree assault and armed criminal action in shooting of 16-year-old who mistakenly knocked on his door: Prosecutor claims there WAS 'racial component' in the case

 

Donald Trump betrayed the right on immigration, and tried to on guns, twice

The New York Times, May 27, 2022, here:

Unbeknownst to the public, however, Mr. Trump again pushed inside the White House for significant new gun-control measures more than a year later, after a pair of gruesome shooting sprees that unfolded over 13 hours. Those discussions have not previously been reported. On Aug. 3, 2019, a far-right gunman killed 23 people at a Walmart store in El Paso. Early the next morning, a man shot and killed nine people outside a bar in Dayton, Ohio. Both assailants used semiautomatic rifles. At the White House the next day, Mr. Trump was so shaken by the weekend’s violence that he questioned aides about a specific potential solution and made clear he wanted to take action, according to three people present during the conversation. “What are we going to do about assault rifles?” Mr. Trump asked.

Now, our whole pot-pickled city is that campus

 I gave a guy at Pret a Manger a $20 bill for an $8 cup of soup. I asked for a bag. He took the $20 and promptly forgot the soup, my change, the bag — and me. He wandered off, inexplicably waving my Andrew Jackson like a flag, until I appealed to his colleagues.

I haven’t seen so much pot-induced lethargy since my Vietnam-era college days, when so many fellow students were high that their panicked weed-flushing during a rumored police raid overwhelmed the campus pipes.

More.

How the popular vote works

 Look, as I blow this feather from my face,

And as the air blows it to me again,

Such is the lightness of you common men.

-- William Shakespeare, Henry VI

Donald Trump Jr. is afraid Republicans will lose lots of campaign contributions if conservatives keep opposing Bud's Tranny Fluid

 “So here’s the deal. Anheuser-Busch totally shit the bed with this Dylan Mulvaney thing. I’m not, though, for destroying an American, an iconic company for something like this,” Trump declared, perhaps unaware that A-B is now owned by Belgian beer giant InBev.

More.

 

 

 

Electricity cost a lot less when Hitler was president, just a few short years ago

 

Services inflation above 7% when services is 77% of the economy is a PROBLEM

 

Now your garden is evil: Privileged Swedish communists from Uppsala University say elites' use of water must be altered and redistributed to the poor

 What a shock, right?

From the story "From swimming pools to gardening, the rich’s privileged lifestyles are driving urban water crises, study says":

The study, which was led by Elisa Savelli at Uppsala University in Sweden, proposes a new approach to preserving water resources centered around “altering privileged lifestyles, limiting water use for amenities and redistributing income and water resources more equally.”     

Meanwhile lol:

The entire (100%) population of Sweden has access to a safe-drinking water source. 

GUILTY MUCH? The place is still 60% Lutheran.

But a lot of this is just far-north-garden-deprived envy:

 We English are often caricatured as garden fanatics but we have nothing on the northern Swedes. This gardening obsession is not uncommon up here. In the summer our local snowmobile dealership majors in ride-on lawnmowers. Locals fondle Husqvarnas the same way petrolheads caress Ferraris. Coachloads of northern Swedish townies criss-cross the countryside each summer visiting gardens.

Core inflation has been above 5% year over year for 16 months, overall inflation at or above 5% for 22 months

 

Biden signs bill ending COVID-19 national emergency one month earlier than planned

 Heh heh.

 

Story.

The measure ends the national emergency a month earlier than the Biden administration had planned. A separate public health emergency tied to Covid will remain until May 11. Biden had signaled his opposition to ending the national emergency but said he wouldn’t veto the legislation. The Senate passed the measure 68-23 at the end of March, with nearly two dozen Democrats supporting it.

5th U.S. Circuit Court of Appeals in New Orleans votes 10-6 to block Biden's 2021 executive order mandating Covid-19 vaccine for U.S. government workers

Heh heh.

Story.

Joe Biden's EPA wants to ram electric cars down our throats

Story.

What recession? Full time recovers to 50.1% of population in March 2023, last year's average level

 The average level for 1Q2023 is 49.70%.

Full time usually peaks over the summer months.

C'mon, man, The Wall Street Journal doesn't really believe "The Left Wins Big in Midwest"

First, Chicago.

Chicago is not the "Midwest".

Chicago remains firmly left-wing under new mayor Let's Go, Brandon Johnson.

It didn't just suddenly turn left this week.

The shit-hole will just get shittier under Johnson, instead of get slightly less shitty under Vallas.

As for Wisconsin, OK, the Wisconsin Supreme Court is now in the hands of four lunatic Democrat wymyn vs. three Republicans. Republican Dan Kelly was indeed resoundingly defeated, but by a nakedly partisan Democrat whose campaign may result in successful calls for her to recuse herself in certain future cases.

Abortion was indeed her campaign issue, but her main objective is rolling back former Governor Scott Walker's anti-government-union efforts.

But Kelly's defeat was a mixture of Republican stupidity combining with Democrat knavery.

Kelly was a Walker appointee, not a winner in his own right. He didn't win his seat in the first place, and he lost it in 2020. MAGA Republicans were STUPID to go with him a second time.

National Republicans: Note Well. Don't be STUPID in 2024 and go with an already defeated candidate.

And don't let Democrats select your candidate. Especially by putting him on trial.

The Wall Street Journal KNOWS Democrats spent $1 million to get the once-defeated Kelly nominated again in the primary instead of Jennifer Dorow, whose son became a political liability which unfortunately canceled her strong conservative record in the minds of enough voters.

Dorow, after all, had put away parade killer Darrell Brooks for life without parole. She is also allied with Chief Justice Clarence Thomas in her skepticism over Lawrence v Texas. But she gone.

Republicans in Missouri once let Democrat Senator Claire McCaskill select their candidate to run against her there. Now Republicans in Wisconsin have made the same stupid mistake and paid the same stupid price.

Meanwhile, Republicans more broadly in Wisconsin still firmly dominate its representation, the only state from Trump's 2016 Upper Midwest WI-MI-PA trifecta to do so.

They own the Assembly 64-35, and now the Senate 22-11. The GOP House delegation in Washington from Wisconsin is 6-2 Republican, the Senate 1-1. 

Wisconsin's GOP is hardly on the ropes, but the Wall Street Journal seems to think a Wisconsin Senate going Republican 21-12 because Mequon could have just as easily narrowly voted Democrat in a special election would have been a catastrophe.

Yes, Republicans nationally would be wise politically to stand for abortion compromise where abortion absolutism would result in defeat as in Michigan, but note that Michigan's Senate and House are still only narrowly Democrat, 20-18 and 56-54. Politics is the art of the possible, but bad candidates like the Dan Kellys and Donald Trumps of the world are no longer possible.

The Wall Street Journal should just say so.

The Midwest is not going left, just anti-Trump because he did not follow through on his promises to the working class, about which The Wall Street Journal cares nothing.

And by the way,  Democrats don't care either.

I hope Ohio's J. D. Vance is paying attention.

 

Trump's so-called movement has been bankrolled by the likes of Peter Thiel, whom The New Criterion, lol, is about to honor with its Edmund Burke Award for Service to Culture and Society just weeks after one of his bimbos erupted, so to speak

The so-called conservative movement is rotten to the core.

 

From the story here:

 

Thiel will be honored and presented with the Edmund Burke Award for service to 'culture and society' at a fancy black tie gala at the Metropolitan Club in New York on April 27 by celebrating The New Criterion's fifth decade. Thiel will deliver remarks on 'The diversity myth.' Tickets to the event start at $15,000 to $100,000.The tribute to Thiel will be taking place the same week – possibly the same day – as Thomas, who was cremated, will be memorialized at a service held in his hometown of Frisco, Texas.

Oh no! CNN consensus is Trump indictment is weak