Monday, February 28, 2022
How Biden’s Fed Nominee Could Transform Central Banking To Fit the Left’s Climate Agenda
Joe Biden’s nominee for the nation’s top banking regulator could dramatically change the Federal Reserve’s responsibilities to include harshly punishing any financial institution or company that does business with fossil fuel companies.
Sarah Bloom Raskin, the wife of outspoken climate change hawk Rep. Jamie Raskin (D., Md.), is up for the role of vice chair for supervision at the Fed, a position created in the aftermath of the Great Recession as part of the Dodd-Frank Act. Raskin’s past work indicates she believes fighting climate change should be in the purview of the Fed. Her confirmation would potentially provide opportunities for the Fed to circumvent Congress and force financial institutions to implement sweeping climate change-related reforms.
For years, the left has increasingly focused on central banks as a tool to implement policies they believe will avert doomsday scenarios brought on by climate change. Sen. Elizabeth Warren (D., Mass.), for example, voted against Jerome Powell’s renomination to lead the central bank after labeling him "dangerous" and criticizing his unwillingness to put more regulations on banks that do business with polluters.
Raskin expressed support for using the financial regulation agency as a tool to fight climate change in a 2020 report she co-authored for the environmentalist think tank Ceres. The report, titled "Addressing Climate as a Systemic Risk: A call to action for U.S. financial regulators," provides more than "50 recommendations for key financial regulators to adopt."
"If we want to create a sustainable climate, we need to transition to a net-zero carbon economy. This transition is not going to happen without guidance," Raskin wrote in the report’s forward. "Financial markets, themselves, are not going to be the first responders to keep us from the threats posed by a climate emergency."
Some Political Analysts interpreted Raskin's nomination as a way to appease members of the Democratic Party's far-left after Biden's decision to renominate Powell. Warren, for example, has called combating climate change an "obligation of the Fed."
"Raskin troubles me the most of all [Biden’s] picks," said Allison Schrager, an economist and expert on monetary policy. "It’s a big leap to go from financial stability to regulating climate change."
Policies recommended in the Ceres report authored by Raskin include rewarding financial institutions that divest from fossil fuels, and punishing companies deemed to be heavy polluters. Members of the European Central Bank, for example, have called for "reassessing the benchmark allocation of our private asset purchase programmes."
That could mean, according to economist John Cochrane, simply telling "banks to stop lending to the evil fossil fuel companies, and print money and hand it out to worthy green projects." The idea has gained currency among left-wing green energy advocates in the United States, such as proponents of the "Green New Deal."
The Ceres report calls for the Fed to account for "climate exposure" when engaging in asset purchases and criticizes the central bank’s decision to provide loans to oil companies as part of its Main Street Lending Program. In the future, the report argues, emergency support for companies "should be underpinned by conditions relating to improved...
The CDC — which is withholding information — has a hidden agenda
The CDC has admitted it is withholding large portions of COVID-19 data -- including on vaccine boosters -- from the public because it fears the information could be misinterpreted.
People say the Centers for Disease Control and Prevention has a messaging problem. But the CDC’s problem is not messaging — it’s issuing flawed guidance while covering up the data.
Case in point: pushing boosters for young people.
After the Food and Drug Administration inexplicably bypassed its expert advisory committee to authorize boosters for all young people, the CDC director overruled her own experts’ downvote of the boosters-for-all proposal. That’s the magic of a call from the White House. Two top FDA officials, including the agency’s vaccine-center head, quit over White House pressure to authorize boosters for the young.
But after the FDA and CDC rammed through the recommendation, they made sure the public wouldn’t see the real-world data. Despite repeated pleas to release all its data, the CDC only posted stats on boosters in people over age 50.
What have they been hiding? As a proxy, let’s take a look at what the CDC just published on people 50 to 65: For the fully vaccinated, the booster reduces the risk of COVID death from four per million to one per million. Who are those three helped by a booster? They’re not healthy people. One study of breakthrough hospitalizations found 75% had at least four comorbidities.
So the three people age 50 to 65 per million saved by a booster are almost certainly immunosuppressed individuals, a subgroup for whom boosters have long been recommended. Of course, the CDC doesn’t disclose what medical conditions those few who died had — it only has 21,000 employees to collect that information.
Case in point: pushing boosters for young people.
After the Food and Drug Administration inexplicably bypassed its expert advisory committee to authorize boosters for all young people, the CDC director overruled her own experts’ downvote of the boosters-for-all proposal. That’s the magic of a call from the White House. Two top FDA officials, including the agency’s vaccine-center head, quit over White House pressure to authorize boosters for the young.
But after the FDA and CDC rammed through the recommendation, they made sure the public wouldn’t see the real-world data. Despite repeated pleas to release all its data, the CDC only posted stats on boosters in people over age 50.
What have they been hiding? As a proxy, let’s take a look at what the CDC just published on people 50 to 65: For the fully vaccinated, the booster reduces the risk of COVID death from four per million to one per million. Who are those three helped by a booster? They’re not healthy people. One study of breakthrough hospitalizations found 75% had at least four comorbidities.
So the three people age 50 to 65 per million saved by a booster are almost certainly immunosuppressed individuals, a subgroup for whom boosters have long been recommended. Of course, the CDC doesn’t disclose what medical conditions those few who died had — it only has 21,000 employees to collect that information.
The CDC said the reason for the slow release of data is because there is always a chance it is not completely accurate.REUTERS
We once again have to look overseas for reliable data. An Israeli population study in the New England Journal of Medicine compared boosted vs. nonboosted people with the primary vaccine series. The risk of COVID death among nonboosted people under age 30 was zero — the same as it was among boosted.
A note for college administrators enforcing booster mandates: You can’t reduce a mortality risk of zero any lower with a booster.
The CDC claims it didn’t release booster data because it feared the information would be misinterpreted. No, it’s because the stats don’t support its agenda. Yet public-health officials continue to beclown themselves by demanding all Americans over age 12 get boosted.
We once again have to look overseas for reliable data. An Israeli population study in the New England Journal of Medicine compared boosted vs. nonboosted people with the primary vaccine series. The risk of COVID death among nonboosted people under age 30 was zero — the same as it was among boosted.
A note for college administrators enforcing booster mandates: You can’t reduce a mortality risk of zero any lower with a booster.
The CDC claims it didn’t release booster data because it feared the information would be misinterpreted. No, it’s because the stats don’t support its agenda. Yet public-health officials continue to beclown themselves by demanding all Americans over age 12 get boosted.
A study found that boosters for young people did not do much to prevent against COVID-19.Christopher Sadowski
On the bandwagon
Most of the media have fallen for it. Throughout the pandemic, The New York Times and other outlets have only sourced doctors on the establishment groupthink bandwagon, dangled fear to young people and blindly amplified every edict government doctors fed without asking questions, just as the press did with weapons of...
On the bandwagon
Most of the media have fallen for it. Throughout the pandemic, The New York Times and other outlets have only sourced doctors on the establishment groupthink bandwagon, dangled fear to young people and blindly amplified every edict government doctors fed without asking questions, just as the press did with weapons of...
The 90 Miles Mystery Video: Nyctophilia Edition #943
Before You Click On The "Read More" Link,
Please Only Do So If You Are Over 21 Years Old.
If You are Easily Upset, Triggered Or Offended, This Is Not The Place For You.
Please Leave Silently Into The Night......
The 90 Miles Mystery Box: Episode #1643
You have come across a mystery box. But what is inside?
It could be literally anything from the serene to the horrific,
from the beautiful to the repugnant,
from the mysterious to the familiar.
If you decide to open it, you could be disappointed,
you could be inspired, you could be appalled.
This is not for the faint of heart or the easily offended.
You have been warned.
Sunday, February 27, 2022
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