Not much in the news this Friday.
The president- elect was formally sentenced as a felon in a Manhattan court Friday morning. HO HUM. Like that doesn’t happen all the time. Sheesh.
What else is new ?
Stocks tanked in reaction to a strong jobs report. The Biden economic plan added a ton of jobs as unemployment approached 4%. We guess Biden did too good a job handling the economy. The strong job numbers coupled with the ten year treasury price rebound sent the markets spiraling downward. But the fundamentals underlying the market are strong. We are buyers. In the words of Warren Buffett “Be greedy when people are fearful and fearful when people are greedy.”
Did you watch the Orange Bowl Thursday night ? It was a great game despite us taking a big loss on the under bet. There’s a former chief judge of the SDFL who’s smiling today as his Notre Dame Golden domers head to the national championship game.
And finally you Gen xers are in deep doo-doo as your beloved Tik Tok is in imminent jeopardy of being shut down. The Supreme Court (Motto: “Political? Us? Whatch ya talkin bout Willis?) heard oral arguments on the constitutionality of the law requiring China to sell Tik Tok or be shut down. The court seemed unpersuaded that there were First Amendment issues. Or that the speech implications outweighed the national security concerns. Tik Tok’s counsel embracing the First Amendment protecting Chinese propaganda of Tik Tok videos seemed a bit of a log shot. Why not argue venue?
What this means is you judges under 30, along with ASAs and PDs, will have to get your twerking videos, restaurant reviews and influencer recommendations on face wash from IG.
Oh yeah. Los Angeles is burning to the ground.
So you know what MAGA world says right?
Drill baby drill. Global warming is fake news. They know this. They’ve seen a dozen Tik Tok videos proving it. And the flat earth too.
Have a great weekend. If you haven’t been to the Iberian Peninsula you are missing a special place.
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