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Playboy going public: Porn, Gambling, and Cannabis
NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY. https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1. https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%) NEW INFO 2 Here is the full webinar. https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866 NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx Playboy going public: Porn, Gambling, and Cannabis !!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should. In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase. Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below: https://www.playboy.com/ https://www.playboytv.com/ https://www.playboyplus.com/ https://www.iplayboy.com/ Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success. “Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.” https://www.scientificgames.com/ https://www.microgaming.co.uk/ “This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.” https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/ As per their SEC filing: “Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.” https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1 They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon. https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again: https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea “Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.” “According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently: https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress. Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait. https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/ Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video: https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said. https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this: https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too: https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05 Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing: “For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.” “In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.” “In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.” “In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.” They are profitable across all three of their current business segments. “Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.” https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China. https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.” https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders). https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world. "Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.” Also in the SEC filing, the Time Frame: “As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn. The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.” https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :( He should be fine with the 16 million PLBY shares he's going to have though :) Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw. I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets. https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003 Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this: “Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy. “Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.” https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative. https://www.secform4.com/insider-trading/1832415.htm https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html Y’all like that China money? “Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.” Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.” https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose. I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future. https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing. https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing “Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.” “Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.” Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong. Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will. Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way. Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains. TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here: WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf Or here: https://www.mcacquisition.com/investor-relations/default.aspx Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.” STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon. Position: 5000 shares. I will buy short, medium, and long-dated calls once available.
Dec/29/2020 news: \\ political party law reformed: idea > individual; transparency; female % \\ Pashinyan responds to "not being enough pro-Russian" \\ who owns which business? \\ protests & snap elect. \\ burglary case & HHK MP \\ humanitarian aid for Artsakh \\ Vitalik flexes muscles \\ bills pass
Your 14-minute Tuesday report in 3589 words.
Pashinyan about pre-war negotiations and "avoiding" the war:
The idea that a flexible foreign policy could have avoided this war is being constantly circulated. Those [former officials] who believe in this thesis must answer at least one question: as a result of their "flexible" policy, why was it not possible to avoid the war of 2016, which was preceded by the unprecedented escalation of 2015 and 2014? The "flexible" policy adopted by Armenia for many years led to the introduction of Russian proposals in January 2016, which proposed the return of 7 territories (5 + 2) without any legal status for Nagorno-Karabakh. Why did Russia make such an offer? For one simple reason, as a result of Armenia's "flexible" policy, the Madrid process had come to a standstill because Artsakh could receive a Status outside Azerbaijan only with the consent of Azerbaijan. It was obvious to Russia and everyone else that Azerbaijan would not agree to this, so it was necessary to find ways to break the deadlock. And, by the way, if certain people claim that Armenia's foreign policy after 2018 was not sufficiently pro-Russian and this was the reason for the war, then why in the conditions of the "sufficiently pro-Russian" policy of 2016 were Russian proposals born and why did the April war take place? There was only one way to prevent this war: return the regions and forget about Artsakh's legal status. Now, after the war is over and we know the outcome, the number of supporters of [giveaway of 7 regions] is growing. What they forget is that if we gave away the lands to avoid the war, we would have the same situation in Syunik borders. They used to accuse us of "selling lands" [he means the contradictory statements like Nikol sold the lands, and why didn't Nikol sell the lands earlier to avoid the war]. The biggest failure by the supporters of the "flexible policies" is that they spent years trying to avoid a war instead of preparing for it. Our biggest failure is that we weren't able to recover enough embezzled public property in the past 2.5 years to help us better prepare for the war. https://armenpress.am/arm/news/1039231.html
businesses owned by opposition leaders
What are the known businesses owned by some of the famous people you might have seen in the public square lately?
Vazgen Manukyan
20% share in Lorva Amrots Ltd which plans to operate two hydro-power plants on Dzoraget river. Manukyan purchased the shares in 2011 after being appointed by Serj as the head of the Public Council. In 2015-2016, he owned 30% shares in Vanavka Group. In 2015-2017 he had 30% shares in Jermakunq Group. These companies extracted and bottled water. At the time, the director of these companies was charged with illegal bottling and causing ֏55 million in damages to the state. The corruption case was sent to the IRS, which terminated the investigation after "not finding a crime". The companies export the products mostly to Russia.
Arthur Vanetsyan
Vanetsyan is a poor boy, according to the public declarations database. But if you have time, take a look at the investigative report I covered in Ap29/2020 news, according to which Vanetsyan's family allegedly used offshore firms and owns mining shares. More on that here. Here is a Hetq investigative report. Vanetsyan's father owns AV Group flower importing business. About a year ago, the police investigated several flower sellers near a stadium. An opposition outlet claimed that the sellers were "beaten and forced" to testify that Vanetsyan's father was running an underground business. This was never properly proven and the opposition's claim that Vanetsyan was about to be charged did not happen. The police confirmed that there was an investigation against several flower sellers. These flower sellers ended up hiring Vanetsyan's co-party-creator Arsen Babayan as a lawyer. Vanetsyan's father owns 50% shares of A B Export oil import company that began operating in 2017. It was a minor player that quit the market in 2019. Vanetsyan's father also owns 60% of A B Trans transportation company. In Nov/2019, CivilNet wrote about Arthur Vanetsyan's cousins' possible involvement with Zangezur Copper factory (massive business). The same offshore firm in Cyprus, which purchased Zangezur shares, was tied to Vanetsyan's cousins' another business in the same offshore. Vanetsyan's cousins also own a Switzerland-based Exoil wholesale cooking oil and shipping company. In 2019 it had a revenue of $148 million (11 billion Rubles). The cousins don't do this business in Armenia. Per 2019 registration, Arthur Vanetsyan himself owns one apartment, $10,000, and ֏1 million. Media reported in May/2020 that Vanetsyan's cousin purchased a ֏300 million mansion in Yerevan, which was donated to then-new political party "Hayreniq", co-founded by Arthur Vanetsyan and Arsen Babayan (the guy who is accused of helping HHK to fabricate documents in 2018 to hijack the Constitutional Court by appointing HHK MP Hrayr Tovmasyan as a judge). Arthur Vanetsyan's mother served as the chief of the personnel-management department in Serj and Pashinyan administrations, before quitting and working as Serj's aide. Vanetsyan's wife owns Villa Montessori preschool in Yerevan. She also runs the Young Education Center Ltd.
ARF Ishkhan Saghatelyan
Pashinyan appointed Saghatelyan as Gegharquniq governor for a brief period after the 2018 revolution, when Pashinyan created a unity-government, represented by all political parties. The honeymoon soon ended and each party went their way. Saghatelyan owns shares in i-mega Service Ltd. It's a tourism agency founded in 2006. It operates in Armenia, Artsakh, and Georgia. Saghatelyan founded Navasar company and serves as director. It's owned by his father. Saghatelyan family owns the Tsovasar hotel complex on Lake Sevan shores. It's 10,000 m2 (a hectare?). As of 2018, Saghatelyan declared ownership of 8 pieces of land, 2 apartments, ֏18.5 million, $45,000, and €15,000. Saghatelyan's father is the mayor of Gegharquniq's Geghamavan settlement. This municipality had recently sent a letter demanding Pashinyan's resignation. Saghatelyan used to be a shareholder of Shiman Ltd which is no longer active.
BHK leader Gagik "dodi gago" Tsarukyan
BUCKLE UP, KIDS! Overall, Tsarukyan runs 54 companies. Студент, комсомолец, спортсмен, u наконец, он просто красавиц. His business empire was covered in details here. Textile, gas stations, malls, Multi Group empire, Shangri-La Casino, Ararat Cognac & Wine Factory, BMW official office Euromotors (also Hyundai, Gazel, Niva), Multi Motors, Magas Invest, Multi Wellness, Olimpavan sports complex, Kotayk beer factory, TechnAlyumin door & window factory, Multi Rest House hotel chain, Paravon luxury restaurant, Onira Club, Zvartnot's airport's upper-level service company Avia Service, Farm Adama, Multi Pharm pharmacy, Multi Leon gas stations, Multi Solar solar panels. He owns shares in Frank Mueller Yerevan watch company, Fortsa, Multi Gold, Multi Diamond jewelry firms, several fish-breeding businesses. He also runs businesses in Russia, Belarus, Ukraine, Czechia, Bulgaria, Cyprus, Latvia. Per official declaration, he owns $168 million, €29 million, ֏675 million, 14 pieces of land, 6 houses, 2 public buildings, 1 apartment.
Details for BHK MP Mikael Melkumyan and HHK Vahram Baghdasaryan in the link below.
The street demonstrations, organized by the former regime and its allies, continue. They demand Pashinyan's resignation and the appointment of their candidate Vazgen Manukyan as the Prime Minister for the duration of a year, after which they agree to hold new elections. ARF leader Artsvik Minasyan said they don't plan to discuss snap elections with Pashinyan. "Right now, our only demand is Pashinyan's resignation. We demand SIS to immediately hold every criminal accountable". The demonstrators gathered in front of the SIS building to present the demands. https://armenpress.am/arm/news/1039316.html
Pashinyan meets leaders of several opposition parties
QP leader Lilith: there is a possibility there will be a meeting between Pashinyan and the three Parliamentary political parties. They could discuss snap elections. The impression is that politicians who demand Pashinyan's resignation do not want snap elections in an attempt to bypass the citizen's right to form a government. Our political team reaffirms the position that none of us is clinging on seats. // LHK MP Gorgisyan: we cannot hold snap elections now, under this chaotic situation. We will discuss snap elections if Pashinyan discusses his resignation and transfer of power. (LHK wants its leader Marukyan to be elected as Prime Minister by a Parliamentary vote) // Pashinyan met BHK leader Tsarukyan. The latter is against holding snap elections unless Pashinyan resigns now, and presumably, he wants Vazgen Manukyan appointed as PM. LHK leader Marukyan also wants Pashinyan to resign now so a new Prime Minister can form a new government cabinet "consisted of experts". https://armenpress.am/arm/news/1039261.html , https://armenpress.am/arm/news/1039268.html , https://armenpress.am/arm/news/1039299.html , https://armenpress.am/arm/news/1039322.html , https://armenpress.am/arm/news/1039323.html , https://armenpress.am/arm/news/1039327.html
felony case: ex-HHK MP charged with armed attack on ex-IRS official
In August of this year, Russia extradited a former HHK MP Alraghatsi Lyovik to Armenia. He was wanted for allegedly burglarizing and shooting at a senior IRS official a decade ago. At the time, his case was "frozen". It was relaunched in 2018. (magic wand) NSS says: suspect Lyovik, with the help of citizens AK and AN, organized an armed burglary against IRS Chief (?) Avetisyan in 2008. AK was in the United States. In 2004, he stole $150,000 from jewelry shops in Los Angeles. He got caught but managed to flee to Armenia. Once in Armenia, AK colluded with policeman AN to organize a similar criminal ring in Armenia. [MP] Lyovik personally knew AK, and learned about their burglaries. Since Lyovik had bad relations with the IRS chief (victim), he decided to punish the victim by urging AK to burglarize his house. Lyovik revealed the plot to his brother-in-law, who happened to be the victim's personal aide. The latter gave all the personal habits and details about the victim to the burglars. [read the article for the full story, or wait for a Hollywood movie in theaters near you] The burglars and organizers are charged with felonies. https://www.armtimes.com/hy/article/203835 , https://youtu.be/brdozVbwQ6A , https://factor.am/274836.html , https://armtimes.com/hy/article/183522 , https://www.armtimes.com/hy/article/203835 ,
Russian Orthodox chapel will be built
... in the Armenian settlement near Nakhijevan where Azerbaijan had earlier shut down a Russian helicopter, which killed and wounded Russian pilots. It'll be on a hill in Yeraskh. Construction starts on January 6th. https://armenpress.am/arm/news/1039259.html
Russian peacekeepers conducted training
... to stay in shape. A report by WarGonzo's Semyon Pegovn who returned to Artsakh to meet the New Year there. https://youtu.be/-c1BSTkC-a8
Russia and Turkey comment
Russian MFA: The situation in Nagorno-Karabakh should not be used for the infiltration of foreign mercenaries into the region. Here we have exactly the same position as our Turkish partners. Turkish MFA: we see that a ceasefire has been established. We hope to establish the joint RU-TR monitoring center soon. https://armenpress.am/arm/news/1039281.html , https://armenpress.am/arm/news/1039282.html
Vitalik Balasanyan will return the lands, kicks junkies, and restrict Facebook
Artsakh President Arayik earlier announced that he will allow his opponents to take jobs in the new coalition government. Kocharyan-ally Vitali Balasanyan became the Security Council chief. Vitalik: we will return Hadrut and Askeran region with the help of Russian and Armenian military-political efforts. We are in a better situation now to solve territorial issues. We will soon create border guard forces. It will report to MoD, which will report to the Security Council (his office). Drugs have no place in Artsakh. Drug users must quit or leave Artsakh now. We need to return to traditional values of giving women as wives after asking if the man had served in the army. No public official will be allowed to use Facebook during work. More: https://youtu.be/DceHyi4AB5g https://www.panarmenian.net/arm/news/289056/
search operations are paused / the "welcome to Azerbaijan" sign
Azerbaijan received criticism for refusing to allow search teams to enter the Hadrut region yesterday. They also prevented UNESCO from checking the status of several Armenian cultural sights, after complaining that UNESCO was "biased" against Azerbaijan during the war. HR Ombudsman: Any untrue information can not be a reason to disrupt the humanitarian process [referring to unconfirmed rumors on social media that Armenians opened fire at Azeris in Hadrut. An unofficial Iranian social media channel claims 3 Azeris were killed but due to an internal fight.] The Human Rights Ombudsman also criticized the Azeri troops for installing a provocative "welcome to Azerbaijan" sign on part of a road that went under Azeri control near Syunik borders. The Ombudsman says it's meant to intimidate the locals. https://armenpress.am/arm/news/1039233.html , https://armenpress.am/arm/news/1039237.html , https://armenpress.am/arm/news/1039244.html , https://factor.am/325511.html
Context: BHK MP Naira Zohrabyan referred to the majority of Armenian voters as human trash *(or as she says: impure), and called for the establishment of forced re-education camps so people won't vote for a "wrong party" again. The ruling QP party launched a process to terminate her chairmanship in Parliamentary Human Rights Committee. Read yesterday's thread for more details.* QP MP Arthur: the law states that the Parliament can appoint and terminate the chairman. The termination of this seat does not require the same procedures as in the case of MPs and Judges. Armenian Constitution states that in Armenia, human beings are of the highest value, and inalienable human dignity is the inseparable basis of their rights and freedoms. MP Zohrabyan's public conduct is against it. // The law gives the second-largest political party the mandate to appoint the chairman of this particular Committee. BHK, being the second-largest party, said they wouldn't appoint a replacement if Zohrabyan is voted out. QP MP Arthur: per rules, if BHK refuses to appoint a new candidate, the largest (QP) party will receive the mandate. // Parliament voted 78-4 to terminate Zohrabyan's chairmanship. BHK and LHK did not vote. BHK MP Zohrabyan: this termination was a Constitutional crime. https://armenpress.am/arm/news/1039245.html , https://armenpress.am/arm/news/1039264.html , https://armenpress.am/arm/news/1039304.html , https://factor.am/325132.html
Parliament votes: registering parties becomes easier / ideology instead of person / financial transparency
The goal of this reform is to have political parties that are more about ideology and less about an individual. The reform will boost internal democracy within parties; it will expand the powers of the Party Assembly. Parties will be required to add more anonymous voting mechanisms. The law also requires more financial transparency. The required membership to register a party is lowered from 800 to 300. Some of the public funding given to political parties will depend on the % of female members in the administrative boards. Parliament voted 99-1 to approve it. https://armenpress.am/arm/news/1039270.html , https://youtu.be/bPuZViCCCxo
Parliament votes: monthly fees towards soldiers' recovery are raised
Most workers pay a monthly 1000 Dram towards the Soldiers' Fund, which takes care of wounded soldiers and families of those who died. The govt found it necessary to raise the fee to cover thousands of new recipients. Here are the new fees and salary brackets: ֏1,500 for < ֏100k/month ֏3,000 for < ֏200k ֏5,500 for < ֏500k ֏8,500 for < ֏1 million ֏15,000 for > ֏1 million Parliament voted 89-0 to approve it. https://armenpress.am/arm/news/1039296.html
Parliament votes: ban on public smoking is delayed until 2022
The govt had adopted a law to ban smoking in public cafes and the public display of cigarettes in grocery shops. The ruling party wanted to delay parts of the bill that were set to go into effect in January, citing possible financial issues for businesses caused by the pandemic. QP MP: the cigarette industry pays $383 million to state coffers. Healthcare Ministry: it will be a mistake if you delay this bill for the sake of $10 million in tax revenues. Parliament voted 86-0 to delay the anti-smoking bill until 2022. https://armenpress.am/arm/news/1039295.html
Parliament votes: no tax on goods donated to Armenia
QP MP: When you donate a charitable product to the Republic of Armenia, you are exempt from customs duties and other tax payments, except for one payment, which we are trying to exempt with this bill as well. // Parliament voted 80-0 to approve it. https://armenpress.am/arm/news/1039297.html
how is the Judicial Branch doing?
The Supreme Court protects or punishes judges. It also handles complaints. It's separate from the Constitutional Court. bad boys 19 complaints against judges were heard, 14 of which were petitioned by Justice Ministry and 4 by Judicial Ethics Board. 10 judges ended up receiving disciplinary penalties, 3 received a warning, 3 were reprimanded, 2 were terminated, 4 were cleared. the system is overloaded 61 judges are handling 6470 felony cases. 86 judges handle 175,940 civil cases. 24 judges handle 17,390 administrative cases. The number of Arbitration cases rose from 3100 to 9900. finances This year, Supremes appointed 20 new judges. Supreme's budget remained the same this year. They returned ֏607 million in savings back to state coffers. https://armenpress.am/arm/news/1039249.html , https://armenpress.am/arm/news/1039284.html
anti-corruption: SIS busts an IRS agent
SIS says: IRS border inspector took a bribe from a citizen to help him avoid paying Millions of ֏ in import taxes by splitting a large load into smaller pieces, so each piece would fall below the taxable threshold. https://armenpress.am/arm/news/1039293.html
IRS wants you to file less paperwork
IRS says the latest reforms will help the exporters and simplify the process in which Armenia is used as a transit country for trade. Some tasks can be done online. More: https://armenpress.am/arm/news/1039247.html
update: electricity prices
...won't go up for low-income families or those using less than 400 kWh. That's 90% of consumers. The rest will pay 3 Drams more. The rates are presented (6-10¢): https://armenpress.am/arm/news/1039285.html
police to guard Lake Sevan against poachers
Police and Nature Ministry have set up additional checkpoints as part of measures against whitefish poaching in Sevan. 24/7 monitoring on all alleys leading to the lake. They will also travel across markets to catch contraband whitefish. Why? It's the egg-laying season. Fishing is banned for now. The legally-allowed fishing tools were temporarily removed from the lake. https://youtu.be/8ZyRGpEazMQ https://armenpress.am/arm/news/1039339.html
...the rest should have access to other jobs. There is an opportunity now because many businesses operate remotely. Call Center workers don't have to visit an office. Businesses would rather pay less to hire a rural remote worker than more to hire someone in a Yerevan office. The High Tech Ministry has an ongoing program to teach IT to 5,000 citizens. We must help workers to expand their skillset. We're working on a program to allow a worker to quit the job, not worry about the food on the table, and have enough time for education and learning new skills. The villagers should ideally lease their smaller lands to large agricultural producers," said Economy Minister Qerobyan. Full interview: https://armenpress.am/arm/news/1039319.html
State regulators bust another price-fixing ring: fruit mafia
Yesterday, the Economic Competition Committee busted the egg industry's alleged price-fixing and anti-competitive practices. Today they say a similar collision was observed in the orange, mandarin, kiwi, lemon industry. The companies Best Fruits, Art-Fruits, and Promout were slapped with a ֏39 million in penalties for colluding to raise the prices for the products that had an increased demand during the pandemic period. http://www.competition.am/.../resources/Vo370_17_12_2020.pdf https://armenpress.am/arm/news/1039269.html
Lenovo slapped for "anti-competitive practice"
The Economic Competition Committee heard a petition filed by Oazis Computer company against Lenovo. The latter was issued a warning for anti-competitive behavior. Public Regulator: "Lenovo" company had the ability to influence the process of importing Lenovo computers to Armenia from non-EAEU trade bloc countries. "Lenovo" took steps to reduce the import of Lenovo computers from non-EAEU states, by discriminating against Oazis Computer importer. Lenovo is given a month to correct the issue and fix the requirement and standards related paperwork. (Facebook next?) https://armenpress.am/arm/news/1039333.html
Artsakh will also increase childbirth benefits
First child: ֏300k instead of ֏100k Second child: ֏300k instead of ֏200k (or ֏500k if one parent is disabled) As for monthly child care subsidy payments, it goes from ֏15k to ֏27k until the child turns 2. https://factor.am/325487.html
... thanks to generous diasporan donors like you. The first one was installed during the war in Goris city. https://factor.am/325090.html
Artsakh children receive New Years' gifts
Focus on Children Now charity organization distributed gifts to hundreds of Artsakh kids residing in Gegharquniq province. Backpacks, clothing, items of basic necessity, money, and postcards written by kids living in the United States. https://www.focusonchildrennow.org/ https://armenpress.am/arm/news/1039302.html
Himnadram donates to refugee families
700 Artsakh families continue to live in 40 settlements of Gegharquniq province. The All Armenia Fund (HimnaDram.org) has provided food and household items to 241 families ahead of New Year. https://armenpress.am/arm/news/1039313.html
daily life in Syunik bordering villages Shurnukh and Vorotan
Good morning, hope everyone trades responsibly, let’s make some money!
DOW JONES
Boeing Company (BA) - Air Lease (AL) updated on its order book deliveries, sales and new significant financing occurring in Q2; at the end of the quarter, its fleet was comprised of 301 owned aircraft and 81 managed aircraft, with 398 new aircraft on order from Boeing and Airbus (EADSY) set to deliver through 2026; it delivered one new Airbus A320neo aircraft from its order book, and sold four aircraft. Johnson & Johnson (JNJ) is facing calls from over 170 nonprofit groups to stop selling its talc-based Baby Powder worldwide, over concerns that it contains cancer-causing Asbestos, while some are also calling for the clearing of existing inventories. Walgreens Boots Alliance (WBA) Q3 20 (USD): Adj. EPS 0.83 (exp. 1.17), Revenue 34.6bln (exp. 34.36bln), FY20 Adj. EPS view 4.65-4.75 (exp. 5.42); Suspending share repurchase programme, raises quarterly dividend to USD 0.4675/shr, a 2.2% increase. US Retail Pharmacy SSS +3.0% (exp. +1.2%). Most significant COVID-19 impact was in the UK market which required a review resulting in a non-cash impairment charge of USD 2bln. Boots (UK) will be cutting around 4,000 jobs. Annual cost savings to be in excess of USD 2bln by FY2022.
NASDAQ 100
Alphabet Inc (GOOG/GOOGL) said it has shut down its cloud project named “Isolated Region” and added that it was not weighing options to offer its cloud platform in China; earlier reports had stated that GOOG had shelved the project in China and other politically sensitive countries in May, partly due to rising geopolitical tensions and the pandemic; GOOG, however, added that the project’s shutdown was not due to either of those two reasons and that it has not offered cloud platform services in China. American Airlines Group (AAL) / United Airlines (UAL) have temporarily halted flights to Hong Kong after its government-imposed coronavirus testing requirements for airline crews, according to Politico. Costco Wholesale Corp. (COST) June sales update saw comparable sales (ex-gasoline and FX) rose 13.6% in the June five-week period, accelerating from the +9.2% seen in May, beating forecasts for around 9% growth. Facebook, Inc. (FB) announced it is starting a chat with a business using QR codes, where people can scan QR codes businesses show at stores, product packaging or receipts to start a chat. It notes there are over 50mln WhatsApp Business app users globally every month. Gilead Sciences (GILD) plans to make more of its drug remdesivir available for Germany and Europe from the fall, and will decide how much each country gets based on the rate of infection; it added that it could increase its worldwide monthly production from currently 190,000 treatment cycles to two million treatment cycles in December. Remdesivir is currently the only drug granted a conditional marketing authorisation by the EU for its use in COVID-19 patients.Oracle Corp. (ORCL) (Information Technology/Application Software) has been awarded a cloud services agreement by the Canadian government.
S & P 500
Carnival Corp. (CCL) Aida cruises are to recommence sailing vacations in August. Ford Motor (F) said its China vehicle sales increased 3% in April-June from a year earlier, its first quarterly sales rise in China in almost three years; China sales grew by 158,589 units in Q2, attributed to the rise to a stronger vehicle line up and “strong demand following the lifting of COVID-19 pandemic restrictions”. Mylan NV (MYL) announced it received FDA approval for its Hulio, a biosimilar to AbbVie Inc. (ABBV) Humira, for the treatment of rheumatoid arthritis. Twitter, Inc. (TWTR) has been accused of being biased against conservatives and demanded information about its reactions to two tweets by President Donald Trump; two GOP lawmakers allege TWTR’s content moderation was not neutral. Meanwhile, analysts at Citi note its shares overreacted to the potential subscription service reports yesterday. Analyst Jason Bazinet says although it makes sense, there are many unknowns, such as the price and whether or not it will have advertisements. The analyst highlights that a consumer survey shows roughly 10% of its respondents were willing to pay for a USD 5/mth plan without ads and more analytic services. Citi estimates if such a service were to occur, it would be priced at USD 20/year internationally and USD 60/year in the US, assuming a 5% penetration for base case and 10% for its bull case with advertisements, the analyst believes the revenue contribution would be limited. Citi maintain a neutral rating. United Continental Holdings (UAL) expects to recognise USD 300mln in employee separation charges in Q2, with USD 50mln to be in cash. ViacomCBS (VIAC) reached a deal to stream all the UEFA Champions League and Europa League matches starting in August.
OTHER
Bed Bath & Beyond (BBBY) Q1 20 (USD): Adj. EPS -1.96 (exp. -1.22), revenue 1.31bln (exp. 1.39bln). Announced it is to close 200 stores over two years as sales fell around 50% during pandemic; BBBY said it was not reporting comp sales due to temporary store closures. DocuSign (DOCU) had its PT upgraded at Wedbush to USD 240 (prev. USD 165, prev. closing price 206.35). The analyst “continues to believe DOCU’s deal flow is holding up well/stronger than expected in this Covid-19 pandemic environment which bodes well for strong underlying metrics/headline numbers during FY2Q”. DraftKings (DKNG) and Twin River Worldwide (TRWH) Mardi Gras Casino announced the opening of DKNG’s temporary sportsbook at the casino in Black Hawk, Colorado. Guests can place bets at the sportsbook from 10th July. Energy Transfer (ET) provided further clarification around news reports regarding the operations of the Dakota Access Pipeline, stating that it has never suggested that it would defy a court order. Rather, Dakota Access Pipeline was seeking appropriate relief from that order through the established legal process. Japan Display (6740 JT) : FY group net loss JPY 101.42bln (prev. net loss JPY 106.59bln), operating loss JPY 38.54bln (prev. loss JPY 27.23bln), recurring loss JPY 57.76bln (prev. JPY 40.37bln). Moderna (MRNA) announced a collaboration for large-scale commercial fill-finish manufacturing of its vaccine candidate with Rovi. PTC (PTC) expects to deliver fiscal third quarter 2020 ARR growth of 9% year over year, 10% in constant currency; and also expects to deliver double-digit revenue and free cash flow year-over-year growth for the fiscal third quarter 2020; it will report results on 29th July. Restaurant Brands (QSR) Burger King in the UK is warning of 1,600 potential job losses as it could close up to 10% of its restaurants SAP (SAP GY, SAP) – Q2 prelim: total revenue EUR 6.74bln, +2% (+1% non-IFRS), operating profit EUR 1.28bln, +55% YY (+8% non-IFRS), non-IFRS cloud revenue EUR 2.04bln +21% YY (19% non-IFRS). At present, cloud backlog seen at EUR 6.65bln, +20%, cloud backlog remains strong but cloud revenue in Q2 was impacted by lower pay-as-you-go transactional revenue given COVID-19. Reiterates FY20 outlook. For FY20: confirm non-IFRS revenue EUR 27.8-28.5bln vs. Prev. EUR 27.6bln, cloud revenue EUR 8.3-8.7bln vs. prev. EUR 7.0bln, operating profit EUR 8.1-8.7bln vs. Prev. EUR 8.2bln. Have seen a strong sequential improvement compared to Q1 regarding software license revenue. Q2 & H1 results will be released on 27th July. Siemens (SIE GY, SIEGY) – Are to spin off 55% of Siemens Energy to shareholders will equate to 1 Siemens Energy share for 2 Siemens shares. Initial listing of new shares is scheduled for 28th September 2020, will commence with a BBB rating at S&P. Siemens will retain a 35.1% stake in the spin-off and the Siemens pension trust an additional 9.9% stake, as such Siemens no longer has a controlling share. Further stake reductions could take place at a significant scale in the next 12-18 months. Separately, Co. are not planning any job reductions from COVID-19. For reference, in FY19 Siemens Energy generated revenue of circa EUR 29bln according to Siemens AG combined statements.
Additional US Equity Stories
Of note for Social Media names (FB, TWTR, SNAP), ByteDance is reportedly considering a change in the corporate structure to distance the app from China, and is also considering a TikTok HQ outside of China, according to WSJ. Peloton (PTON) new product will probably not be a rowing machine or exercise bike, its CFO announced, but it could potentially be a lower price treadmill. The CFO stated the co. believes “the running and boot camp category is two-to-three [times] the size of the bike category”, adding it is first and foremost on their minds, reports Barron’s. Walgreens Boots Alliance (WBA) CFO says towards the end of Q3 online volume sales reached Black Friday levels on a daily basis, and May sales increased almost 120%, with June sales growth even higher. Tesla (TSLA) CEO Musk announced the automaker was "very close" to developing fully autonomous vehicles and could work out the basics of that technology as soon as this year; he reiterated that the electric vehicle maker has solved most of the essential challenges toward achieving fully self-driven cars that needs no human behind the wheel. The Tesla and SpaceX chief was reaffirming a goal first expressed in 2019. Delta AIrlines (DAL) CEO reiterates urge for workers to consider voluntary departure., and announced it flew 20% of customers over the July 4th weekend.
Clarkson's Columns: "It's time you quit Furious Tweeters Anonymous" & "Up to my ears in Agri-Jargon"
It's time you quit Furious Tweeters Anonymous and joined me and the Trots for a quiet pint By Jeremy Clarkson (Sunday Times, Oct. 25) All this month, people have been talking about a new Netflix documentary called The Social Dilemma, in which a bunch of stubbly Californian tech start-up nerds on a guilt trip worry out loud about how the internet has been hijacked by enormous companies that are now using it to make — gulp — money. They say that our phones constantly monitor what we do and who we talk to and what we say. And clever algorithms are used so advertisers can target their products and services at exactly the sort of people who might be interested. And this is what, exactly? A bad thing? If you are a woman and you are experiencing lady problems, you do not want your Facebook feed to be full of ads for agricultural buildings. In the same way, I'm not the slightest bit interested in hearing about an exciting new breakthrough in tampon technology. Targeted advertising makes sense for all concerned, and if Facebook can make a few quid along the way, good luck to it. "Ah, but," say our stubbly friends from California. "Exactly the same information-gathering and algorithms can be used by political parties to target undecided voters." And ... what's wrong with that? Seriously. What's the difference between doing that and dispatching some smiley dweeb with a clipboard and a pamphlet full of promises to the swing-state housing estates of Hemel Hempstead? The Social Dilemma, however, did in the end touch fleetingly on a subject that's been troubling me for a little while now. That Google and Facebook and all social media will eventually cause every country on earth to be engulfed by a bloody civil war. Possibly about toothpaste. When I was a reporter on the Rotherham Advertiser, I'd go for lunch most days with two people who were in the Workers Revolutionary Party. I liked them a lot, and I think they liked me, even though I was very obviously not a member of the Workers Revolutionary Party. We talked about politics, of course, and we'd argue in a good-natured way and then we'd have a couple more pints. And then we'd go back to work. It was the same story with my dad. He didn't like my trousers and I did not like his. We didn't have similar taste in music either. He thought Dave Greenslade might be the devil. I thought Bach needed to cheer up. And we'd have lengthy debates about hair too. But we never actually fell out over any of it. Today, though, things have changed, because we can engineer our lives so we rarely encounter anyone who thinks differently. You think you are chatting to your kids in the evening, but actually you're making noises while they're tuned into Radio Greta on social media. We all follow like-minded souls on Twitter. We have WhatsApp groups, where we share jokes with others we know will find them funny. We watch whatever news channel echoes what we are thinking. We ignore those on Tinder who like Donald Trump, or those who eat meat or who do anything that doesn't belong in our opinion bubble. That's why people were staggered when the country voted for Brexit. Remainers such as myself were surrounded by other remainers, so we thought everyone was a remainer. It's why everyone at the BBC was bowled over when Boris Johnson won such a massive majority. They couldn't believe it because absolutely everyone in their electronic lives voted for Jeremy Corbyn. If you are a vegan, it's extremely likely that you will share vegan recipes with other vegans on social media. You may even share stories that say meat is murder and growing cows is destroying the ozone layer. So when you see a picture of a man eating an actual burger, you are horrified. Staggered. Because how could he be so obtuse? You are going to send him a message, which, because social media allows you to dispense with the niceties of meeting face to face, will be extremely abusive. And then your friends are going to pile in until, eventually, burger man responds in kind and soon everyone is threatening to kill everyone's children. If you don't believe me, tell someone under the age of 25 that we shouldn't be pulling down statues. But be warned, the response will be so unpretty your phone may well melt. I don't think there's been a time when society is as divided as it is now. Women versus men. Black people versus white people. Rich versus poor. Right versus left. There are even heated and abusive online arguments about dental hygiene. And it's because people are always absolutely convinced by social media that they have the majority on their side. The internet was built so you could get a pizza at four in the morning, and find out where James Garner was born while you're on a beach, but it's become home instead to levels of bigotry, rage and hatred not seen since the Trojans opened up that horse. It will spill out on to the streets in time. It already has in America, where gangs of white supremacists, utterly convinced by social media that 94% of the world is on their side, are roaming around in packs, with Glocks on their thighs and an AR-15 rifle in the boot, just waiting for one of the nation's six Democrats to look at them funny. The stubbly start-up nerds say it isn't possible to step back from the brink. They say we've created Skynet and that no one's going to come from the future to save us. But I think it is possible. We just need to remove the cloak of anonymity behind which all social media users can hide. You used to need a licence to own a dog and could have had it taken away if you didn't treat it well. But anyone can go online and say anything they like to anyone in the world, completely safe in the knowledge that they will only ever be found by Heckler & Koch, which will send them an ad for its latest sub-machinegun. ----------------------------------------------------------------------------------------------------------------------------------------------------- My bafflement is sprouting nicely: Pass me the scythe—I'm up to my ears in agri-jargon and I don't understand a word By Jeremy Clarkson (Sunday Times, Oct. 25) I didn't think farming would be especially difficult. I figured that man had been growing crops for 12,000 years and that after such a long period it would be in our DNA. That it would be relaxing. Monty Donnish even. I'd plant seeds, weather would happen and food would grow. In my mind, then, farming would mostly involve leaning on a gate while munching pensively on a delicious Dagwood Bumstead sandwich, or enjoying a late summer sundowner from behind the wheel of an air-conditioned tractor. It'd all be a festival of crusty bread, lemonade, fresh air and cider with Rosie. Followed by a cheery harvest festival and a big fat cheque from the EU. I've learnt, however, that all of it is back-breaking and difficult, that there's never time for a ploughman's in the sunshine, that there's no cupholder in my tractor for sundowners or anything else and that to be a farmer you must be an agronomist, a meteorologist, a mechanic, a vet, an entrepreneur, a gambler, a workaholic, a politician, a marksman, a midwife, a tractor driver, a tree surgeon and an insomniac. I am none of those things, which is why I spend every single evening with my nose buried in a copy of the countryside bible — Farmers Weekly. It's my new favourite thing. I especially love the fertiliser and machinery adverts, because they all feature fifty-something men and they're all wearing checked shirts and zip-up gilets made from a material that exists only in agricultural supply shops. I want to buy everything they're advertising because it all looks so manly and proper. The editorial is a bit different, though, because I can't really get my head round any of it. There will be a picture of some sheep, so I'll think, "Ah. I have sheep. I must read this." But after the second paragraph I have to give up and move on because I don't understand a single word. I therefore switch to a piece about the new agriculture bill, but all I've taken in when I finish it is the sound of a voice inside my head saying, "Concentrate, Jeremy. This is important." The actual words? No. They've just swum about like fish. I understand now how life is for people who think they might be interested in cars. They pick up a car magazine, and after five minutes they think that maybe the exciting front cover featuring a Porsche on full opposite lock was a con because the text inside seems to be about physics. I can read about an electronic limited-slip differential and know what the writer means. I know terms such as lift-off oversteer and axle tramp and torque steer and scuttle shake and I even have a fairly good idea what the motoring writer Gavin Green meant in Car magazine when he said the then new Toyota MR2 suffered from "tread shuffle"\*. For most people, though, this kind of language is gobbledygook. We see the same problems today with Formula One. The commentators don't translate tech-speak such as "deg" for the viewers. They use it to demonstrate to the drivers and the engineers that they too are part of the inner circle. It annoys me — so, chaps, can you stop saying "box"? And use the word "pit" instead, because then people at home will know what the bloody hell you're on about. This brings me on to the world of banking. Like a lot of people I have savings, and that means I occasionally have to speak with people called Rupert and Humphrietta. One said in a Zoom call recently that in the previous few months I hadn't "shot the lights out". I had no idea what she was on about. She then tried to sell me a "product", which, it turns out, is only a product in the way that a casino chip on red is a product. I could be wrong, but I'm in no position to know. I turn occasionally to the Financial Times for assistance on these matters, but, like the car magazines and the F1 commentary, it's far too complicated. Which is why I mostly end up reading the superyacht reviews in the disgusting but strangely engrossing How to Spend It supplement. I fear, however, that simplification isn't actually necessary in Farmers Weekly, because the readers don't need the jargon translated. When they read that ex-farm spot wheat values are averaging close to £176.50/t midweek, they know what the words mean and what the implications are. Me, though? Not a clue. I have been writing these farming columns for six months and I have started buying all my clothes at StowAg, so quite often I'm stopped in the street by farmers wanting to know about the moisture content of my wheat or where I am on the idea of levying a carbon tax on farmers who finish their cattle after 27 months. I have therefore become very skilled at nodding and then suddenly remembering that I must get in the car and go away. The worry is that I want to learn how to speak farming, but I have no idea how this is possible. I don't have a boss who can take me under his wing, and while I have a land agent, who's brilliant, he is even more un-understandable than Farmers Weekly. I could sign up for a three-year course at what is now, hilariously, called the Royal Agricultural University in Cirencester, but by the time I'd finished learning how to drive a Golf GTI up the steps and how to get home from Cheltenham after a particularly pissed-up day at the Gold Cup, I'd be too old to lean on gates or climb the ladder into my tractor. Muddling on isn't really an option either, because when our EU money dries up in January, it's very obvious farmers are going to have to adopt a much more scientific approach to survive with dwindling government grants. I already don't know how a potato grows, but soon it won't matter unless I can use chemicals and boffinry to grow four billion of them. I shall therefore drown in tech I don't understand and can't afford. I have turned to the internet, of course, and it is neatly split between two approaches. Fantastically simple nonsense written by and for failed City boys who have two acres and a lamb. And head-spinningly complicated equations written by people into chem-porn at Monsanto. And in the middle of all this there's me, who wants to make good food, well. I think I'm not alone. I think there are a lot of farmers like me who are bewildered and even a bit frightened by what they must do to survive. And I think you, round your breakfast tables, should be worried too. Because when you take the art and the history and the simplicity out of farming, I suspect you may end up with a lot of food that doesn't taste very nice. \* I actually don't know what "tread shuffle" means. ----------------------------------------------------------------------------------------------------------------------------------------------------- And here's the Sun column: "The first real upside of this Covid business is that Halloween’s dead this year"
EXTENSIVE write up on Missing and Murdered Indigenous women- Is there a serial killer on the Yakama Reservation?
Missing and Murdered Indigenous women If you have spent any time reading about true crime, you probably know that American Indian/ Native American women go missing from the United States and Canada at alarming rates. On some reservations, women experience violence and are victims of homicide at 10x the rate of women in other communities. It is a complex issue with prejudice and jurisdictional issues playing major roles. If you want to know more about the root of these issues, I suggest Missing and Murdered” podcast by Indigenous Canadian journalist Connie Walker, who explains the issues much better than I ever could; that podcast is linked below. Today, I want to highlight the stories of some of these women, specifically those missing from the Yakama community. Background Washington state is home to the fifth largest Indian reservation in the United States, the Yakama reservation, which is home to the Klickitat, Palus, Wallawalla, Wenatchi, Whishram, Wanapum, and Yakama people. According to the US Census Bureau, only the Osage, Puyallup (also in Washington state), Navajo, and Choctaw reservations are more populous. The Yakama reservation is located in South Central Washington state, just south of the city of Yakima. Of the 31,000 people who live on the reservation, 11,000 are enrolled tribal members. Most people who live on the reservation claim Hispanic/Latino, white, or mixed-race ancestry, but Hispanic is by far the most common ethnic group. There are also small Filipino, Japanese, and Korean communities nearby. The Yakama reservation is located just south of the town of Yakima, Washington, a large farming community of 100,000 people. Apples, cherries, peaches, pears, and hops are all grown in the dry surrounding region. Harvest time brings thousands of migrant workers to the area, so the population is always in flux. Outside of Yakima is the town of Union Gap (Pop. 8000), which is partially on the reservation, and partially off it. There are two other proper towns on reservation, Toppenish (pop. 8000) and Wapato (pop. 5000). Other small communities such as Satus, Harrah, White Swan, and Granger all boast several hundred residents each. All in all, the Yakama nation consists of 2,200 square miles of sprawling, rural land stretching from south central Washington nearly to the Oregon border. But from this unassuming patch of high desert and grassland, more than 30 Native women have gone missing/were murdered. If we add Native men to the equation, the number jumps to nearly 50 unsolved disappearances, deaths, and murders. If we add the deaths and disappearances of non-native people missing from the reservation, the number grows yet again. Although the land is vast, the tribal population is small. From my estimates over .5% of native people on the reservation are missing or murdered. Like many tribal communities, unemployment and poverty is common, appropriate housing is scare, and according to the tribal council "disregard for the rule of law and general civil unrest" as well as gun violence and substance abuse is common. In 2019 a youth curfew was instated after a particularly bad shooting. According to the Washington State Patrol, the Yakama nation has the highest percentage of missing people of any Native community in the state, even though they are not the most populous. The FBI created a task force in 2009 to investigate the possibility of serial killer among the Yakama, but the investigation determined that a serial killer was unlikely, but not impossible. This was because the causes of death were so different from victim to victim. The investigation did close two cases on the reservation after DNA on both women linked them to a man serving life in an Oregon prison, but the man is not believed to be responsible for any other crimes in the inquiry. Whether a serial killer is loose on tribal land or not, this issue is complex and long standing and demonstrates how much substance abuse, domestic violence, and random crime affect the Native communities in this county at 10x the rate of other communities. Some progress has been made such as state bill 2951 which allows Washington state authorities to track cases and help investigate and search for missing individuals on tribal land. Because tribal lands are usually under federal jurisdiction, state authorities are not able to help, despite being more familiar with the area than the FBI. This is only one small step in the right direction and although awareness is growing, the epidemic of missing and murdered indigenous people will not simply go away. The mystery of vanishing people still stands. Many people have heard of this epidemic, but few know the names of the victims; today it is time to change that. Below are the profiles of 35 women who are missing, murdered, or who have suffered mysterious deaths. For some of the women very little information is available. The list below is not necessarily complete. If you know of other unsolved cases let me know in the comments below. Quick guide: Yakima- large town near, but not on, the reservation Yakama- the tribe and people group NOTE: all cases organized most to least recent and are broken down into missing, murdered, and mysterious categories Missing Tiana Cloud went missing from Yakima on April 7th, 2018. She was 17 years old at the time. She may be in local area, and she may have been located. She is a Native female, 5'4 ft, 162 lbs., brown eyes and brown hair. She has large dimples. Tiana was last seen Yakima WA. Very little information is available. Yakima police are investigating. Freda Knowsgun or Knowshisgun has been missing since October 18th, 2016. Freda was from Montana and was registered with the Crow Agency. In the months before her disappearance her family reported that she was acting strangely and began drifting around the Northwest and spending time in southern Washington state. Freda was still close to her aunt and talked to her children sometimes, but was distancing herself from the rest of her family. Freda was last known to be at a customer service desk at a Walmart in Kennewick, Washington. Freda used her cell phone to call a friend to ask for money. She wanted to travel back home to Montana to spend Halloween with her children. Freda’s friend sent her the money but the money was never picked up. When she called Freda 15 minutes later, Freda’s cell phone was disconnected and no one has heard from her since. She did not return to Montana for Halloween or for her aunt’s funeral in November and she was reported missing. Freda’s family believes that she was abusing drugs at the time of her disappearance and they believe that Freda’s new friends in the drug scene may be involved with her disappearance. Law enforcement has reported that Freda’s new friends have not cooperated with the investigation into her disappearance. Freda may have been seen in Billings, Montana in December 2016 and she may be traveling with a black male named Mike. Freda is reported to be a 34-year-old Native American female with dark brown hair that is waist length which she wears in a ponytail or high bun. She has brown eyes, a scar on her right elbow, weights 160 lbs. and stands 5’5” in height. She has the following tattoos: the names "Lyrical", "Trinity" and "Mason" on her back between her shoulder blades, the cartoon character Mickey Mouse with a basketball on her right calf, and a flower on her right shoulder. She may use the last name "KnowsHisGun" and many accounts refer to her by that name. Her case is being investigated by Crow Agency Bureau of Indian Affairs. Rosalita Faye Longee disappeared from her grandmother’s home in Wapato, Washington on June 30th, 2015 at 10 pm. Rosalita who went by Rose was 18 years old at the time. She is an enrolled member of the Fort Peck Assiniboine and Sioux Tribes in Montana but had lived with her grandmother on the Yakama reservation since age 2. Rose visited her grandmother on the night of June 30th asking to stay with her but her grandmother refused as Rose was high on drugs at the time, and she had a rule that Rose could only live there when she wasn’t using. Rose may have been with friends at the time. Rose had struggled with addiction for years and had been in and out of rehab centers since age 16. This was the last time Rose was ever seen alive. Rosalita is described as a Native American female, 5’6”- 5’8” in height and about 130-140 lbs. She has black hair, brown eyes, pierced ears and lip, and scars on both wrists and both her chest. At the time of her disappearance she enjoyed taking photos and posting them on her Facebook page. Yakama Nation tribal police are investigating. Roberta Jean Raines, 19 was last seen in Toppenish on July 10th, 2001. Roberta was with a man named Jose Merced Zamora at that time. In 2002, this man killed a teenage boy and fled the county going to Mexico. Roberta was apparently with him at the time. It was around this time that Roberta’s family realized they had not seen her in a while and they reported her missing. Jose was arrested in 2007 in Idaho and taken it custody for the murder of the boy. Jose Merced Zamora told the authorities that the last time he saw Roberta she was in Mexico and that they parted ways. Authorities do not believe this story. Roberta is described as Native American female, 5’2”-5’3” in height and 120 lbs. She has very arched eyebrows. Toppenish Police are investigating. Karen Louise Johnley, sometimes referred to as Karen Johnley-Wallahee, was reported missing November 7th or 8th, 1987 by her cousin. She was last seen by a friend at the Lazy R Tavern in Harrah on the Yakama reservation. Karen’s cousin describes Karen as a 29-year-old female, five feet tall and 100 lbs. She was last seen wearing pink barrettes in her hair, a pink tee shirt, a Levi’s brand denim jacket, and white tennis shoes. She had long black hair and brown eyes. Her cousin expressed worried about the person Karen was last seen with. No pictures are available of Karen and she does not even have a Charley Project page. Tribal police are investigating. She remains a missing person. Daisy Mae Tallman or Daisy Mae Heath age 29, was reported missing on October 29th, 1987. When her family was questioned it came to light that no one had seen Daisy since the end of August, 1987. Daisy’s sister remembers her as very independent, often leaving the reservation to visit friends and family on a different reservation in Warm Springs, Oregon, or leaving the area to go fishing. Daisy was a high school basketball player and was the youngest of 6 sisters who were all raised by their maternal grandparents. At the time of her disappearance, Daisy was staying with relatives in either Toppenish or White Swan. A year after she disappeared a set of keys and a backpack believed to be Tallman’s/Heath’s were found in a closed area of a reservation called Soda Springs. 7 years after her disappearance she was declared legally dead. One source mentions that one of Daisy’s sisters was murdered before her disappearance but I could find no corroborating source. Daisy is described as a Native American female aged 29 with black hair that extended down her back and brown eyes. She was 5’5’ and weighted 185 lbs. She also has given birth in the past. No pictures are available of Daisy and she does not even have a Charley Project page. The FBI is investigating. She remains a missing person. Janice Marie Hannigan a sophomore at White Swan high school was the oldest of 7 children. In 1971 Janice’s parents had recently separated and Janice was living with her father in Harrah, Washington but visited her mother and younger siblings often. Janice was nominated to be Queen of the Veteran’s day parade in November 1971 and the newspaper even ran an article about her and the other nominated girls. According to her interview in the paper, Janice enjoyed beadwork, cooking, and watching football. A few weeks later on December 21st Janice was admitted to the hospital for the treatment of contusions on her head and torso. On December 24th she was released from the hospital in stable condition. The cause of Janice’s injuries, as well as the location she was treated at is unknown. Janice never made it home from the hospital; this was the last time anyone ever saw Janice alive. Strangely, this was not the first time Janice had been reported missing. Janice may have been reported missing in February or March of 1971, although she was determined to be visiting relatives in Idaho with her father at that time. Because of this some agencies report that Janice went missing March 1st 1971 but that is not accurate. Some agencies report that Janice is a possible runaway as she was upset about her parent’s separation, although Janice had never runaway before. One Law Enforcement office reports that Janice’s father is a person of interest in her case, but Janice’s sister Traci Clark denies this notion and says it is “not possible.” Traci was only 8 years old the last time she saw Janice, but she still looks for her big sister any chance she gets. Murdered Angela Marie Heath of Toppenish, aged 41 died on April 5th, 2019. Her death is an unsolved hit and run. Very little information is available. Washington state patrol is investigating. She may (key word may) be related to Daisy Tallman-Health located above. Rosenda Strong a member of the Confederated Tribes of the Umatilla Indian Reservation in Oregon, was last seen on October 2nd, 2018 climbing into an acquaintance’s car, reportedly an older Nissan, heading to Legends Casino in Toppenish. Legends is an alcohol-free resort and Casino on the reservation popular with locals and tourists alike. Rosenda never returned from the Casino and sadly her body was found in a discarded refrigerator nine months after she was last seen in July 2019. Her death was ruled a homicide but no other details have been released. Rosenda’s sister said that at first tribal police did not take the disappearance seriously as Rosenda had past problems with drugs and they believed she would come home soon. Rosenda’s sister, Cissy Reyes nee Strong, believes that the murderers are the fellow tribespeople Rosenda was last with and complains that she still sees them “walking the reservation free” and refusing to talk. Cissy remembers her sister for her big, loud laugh and she hopes that someday Rosenda will get justice. The FBI is investigating. Jedidah Moreno was last seen alive in September, 2018 by her family in the city of Yakima, which is not on tribal land. The 30-year-old was reported missing in late November 2018. Her body was found in early December and she had been dead at least a few days. She had died from a gunshot wound in a rural part of the reservation that was closed to non-tribal members. One report (a blog) claims that Jedidah was a member of the Yakama nation but no other sources state this, so take this information with a grain of salt. Her case remains unsolved. City of Yakima police and the FBI are investigating. Little information is available. Linda Dave 39 of White Swan, was last seen alive in late 2016 or early 2017. On February 15th 2017, a woman was found dead under a bridge in Toppenish. It was determined that the woman died from a gunshot wound to the stomach and had been dead approximately six weeks. The woman was identified via DNA as Linda Dave. Linda was a mother and grandmother who enjoyed spending time with family, cooking, and dancing. She is the niece of Janice Hannigan, the first woman detailed in this piece. One local funeral home called Heggie’s has a website where people can share condolences to the family or stories about the deceased. In a cruel twist of fate one of the messages on Linda’s page is from murder victim Rosenda Strong. The FBI is investigating Dave’s case. Minnie Andy was a 31-year-old Yakama woman who enjoyed fishing and swimming. Minnie was found beaten and close to death near 70 Egan Road in Wapato, Washington on July 9th, 2017. She had been badly assaulted earlier that morning and she tragically succumbed to her injuries at Astria Regional Medical Center in Yakima several hours later. Her cause of death was blunt force trauma. Christopher Lagmay was indicted for her murder shortly thereafter but he would be released from jail in 2019 without prejudice, meaning if new evidence arises, he could be re-tried. Her murder is still unsolved. Destiny Lloyd, aged 23 disappeared on Christmas day 2017 from her home in Wapato. Her body was found in Harrah, Washington four days later. Initially, it looked like Destiny had died after slipping and falling on the concrete, causing a head wound but a full autopsy would reveal that her death was a homicide and that she died from blunt force trauma. Destiny worked at Legends Casino as a childcare worker. Her co workers remember her fondly and hope her case will be solved. The FBI is investigating. Naoma George mother of six from Wapato, Washington was found dead in 2013 from trauma to her abdomen. Her death was ruled a homicide. Naoma was a traditional Yakama who did bead work and gathered traditional plants to keep the Yakama culture alive. Naoma was laid to rest in a traditional ceremony at the Longhouse surrounded by friends and family. Her case is unsolved and little information is available. Yakama Nation tribal police and the FBI are investigating. Barbara Celestine aged 44 was a tribal member who lived in Wapato, Washington. She was found dead of blunt force trauma outside a housing project in town in 2013. Her death was ruled a homicide. The Yakama Nation police and the FBI are investigating the murder. Very little information is available. Skeletal remains found in late 2008 in a remote part of the Yakama Reservation are believed to be those of a murder victim. The Doe was unknown until the FBI Seattle office mentioned the remains in early May 2009, when announcing the results of the FBI's approximately two-year-long analysis of reservation deaths which was spurred on by a March 2006 meeting with then-United States Attorney General Alberto Gonzales. Until that point the fact that a doe was found was not public knowledge. The bones were found in a remote area near the backpack of missing person Daisy Mae Heath (Tallman). In early May 2009, Special Agents were awaiting mitochondrial DNA test results on those remains, which they said then might be those of Daisy Mae Tallman/Heath. The tests were inconclusive and there was insufficient evidence to conclude that the bones belonged to Daisy. The FBI has not released further information on the remains. This Jane Doe is on no public databases (NAMUS, Doe Project) as far as I can tell. The FBI is investigating. The triple homicide of Charmaine Sanchey, 47, Toni Marie Green, 43, and Steve Alvarado, 52 is still unsolved. Their beaten and stabbed bodies were found in a small trailer outside Toppenish on Jan. 16, 2003 by their landlord who came over to collect their rent check. He found the women dead in the bedroom and Steve dead in the main living area. The trailer was on the reservation but it is unclear which victims (if any) were tribal members. Authorities say that they have few leads and few suspects. Later, Charmaine Sanchey’s brother, Arthur Joseph Sanchey, was the primary suspect, but was acquitted of charges in July 2004. The brutal triple homicide is still a mystery. Sandra Lee Smiscon did not die on the reservation but I believe her case deserves a spot in this piece. In the year 2003, Sandra was a 45-year-old mother of 3 children who split her time between Wapato and Seattle. After high school, Sandra got a job in a nursing home and mothered three children. After her personal relationships fell apart Sandra became lost and her children were placed in the custody of their fathers and other family members. She often traveled to Seattle and did odd jobs but was basically drifting around. According to her brother Walter, Sandra was a “party animal” who loved having a good time but sometimes let the drinking get the better of her. Despite her flaws he remembers his sister as a somewhat shy individual with a huge, bright smile who taught her younger daughter the art of traditional dance. Sandra traveled home regularly for family events and holidays but never stayed for long. One day Sandra and her companions were sleeping near 4th and Yesler streets in Seattle when a man, angered by nearby fireworks shot into the homeless camp aimlessly, injuring a few people and killing Sandra. Her 2003 murder is still unsolved. Sandra’s name is part of the Fallen Leaves memorial, a place of remembrance for deceased homeless individuals as a way to give them dignity and a place to be remembered. Her case is still unsolved. The suspect is described as young man in his 20-30s with a dark complexion but of unknown race. Seattle police department is investigating. Shari Dee Sampson Elwell age 30, had not been seen for weeks when her battered and sexually mutilated body was found in a remote area by hunters near White Swan. Her body was found during February 1992 in the middle of a blizzard. She had been beaten, mutilated, and strangled. Little has been done to solve her case and very little information is available. Skeletal unidentified Native woman believed to be in her late 20s or early 30s were found on Feb. 16, 1988, near Parker Dam in Union Gap. Her cause of death has not been determined but her case has been ruled a homicide. She had been dead from 2-10 months. She is described as a Native female, 25-40 years old with dark brown hair that had been bleached light brown in the front. She was wearing lavender colored pants, a long sleeve shirt with a Mexican label, and brown bowling shoes, one with a black sole and one with a white sole. She was slight and short 4’11” to 5’1”. She is not Daisy Tallman/Heath or Karen Johnley. Despite her heritage she is NOT believed to be Yakama; she may be from Mexico and perhaps a migrant worker as her clothing had Mexican labels. JoAnne Betty (Wyman) John the 44-year-old mother of eleven children, was reported missing on August 1st, 1988. A partial skeleton was a discovered in February 1991 which was determined to be John’s. Her cause of death was ruled “homicidal violence.” Little information is available in her case. The FBI are investigating. Rozelia Lou (Tulee) Sohappy, 31, of Brownstown was last seen alive New Year’s Eve of 1988. Her partially clothed body was found March 13, 1989, in a remote ravine along the south slope of Ahtanum Ridge north of Brownstown. She was identified through dental records, and an autopsy concluded she had been strangled. Very little information is available. Jenece Marie Wilson was 20 years old in August 1987. The young woman who lived in Toppenish, when to a party one night and then left the next morning to hitch hike to her boyfriend’s place in Sunnyside, Washington but she never made it. On August 9th a farmer found the body of a woman in his orchard which was so severely beaten it was hard to establish her identity. Dental records confirmed that the body belonged to Jenece and she had died from a blow to the head. In 2009, twenty-two years later DNA evidence was run through the system and there was a hit. The DNA matched an Oregon convict, Samuel Posada. Samuel had attended the same high school as Jenece but the two did not appear to know each other. He was arrested and charged with murder and rape. Strangely, Posada waived his right to jury trial but was acquitted of all charges by the judge in his 2011 trial. Jenece’s case has been cold ever since. Babette Crystall Greene was 26 years old and lived in the town of Toppenish but was last seen in Yakima, Washington in October 1986. A member of the Warm Springs tribe in Oregon, her skeletal remains were found during the summer of 1987 off North Track Road near Wapato, Washington. Her cause of death is listed as “homicidal violence.” Very little information is available. Clydell Alice Sampson age 25 of Klickitat had not been seen alive since sometime in 1984 when her skeleton was found by hunters near Hambre Butte, south of Granger, Washington in December, 1986. Her death was ruled a homicide and she died from a gunshot wound. Very little information is available; there are no pictures available of Clydell. Mavis Josephine McKay was a member of the Confederated tribes of the Umatilla Indian Reservation in Oregon. She was 33 years old when she was found murdered in an irrigation ditch on August 13th, 1957 in Satus, a very isolated area of the reservation. Because her case is so old, very little information is available. Mysterious deaths Echo Kay Littlewolf was 31 years old when she was last seen alive. Echo is described as a tomboy who loved camping, animals, and being outside. Echo was homeless at the time of her disappearance and lived in a tent on the reservation but contacted relatives often, at least twice a week. She would pop into her parents’ or grandparents’ house to shower and do odd jobs for money for friends and relatives but always returned to her nomadic lifestyle. On August 15th, 2017 Littlewolf’s grandmother had not heard from her in a week and contacted Echo’s mother, Jeanette Osborne, who drove to her daughter’s campsite. As soon as she smelled decomposition, she called tribal authorities who found the body of Echo Kay Littlewolf. Her body was badly degraded due to the hot weather. Her death was ruled “natural causes” and Echo was cremated. Jeanette believes little investigation was done because Echo had used drugs in the past. According to Jeanette, her daughter’s body looked like she had been standing and then fell over after being hit with an object, nevertheless an autopsy was never ordered by authorities. Echo’s family now wishes she was buried and an autopsy could have been performed. Her suspicious death has never been solved. Angela Babette Billy, 41, of Pendleton, Oregon was an enrolled member of the Yakama Nation. She also is known as Angela Shippentower and Babette Shippentower. According to the one article I could find Angela who went by “Babette” was a victim of domestic violence. Right before she went missing Babette confided to family members that her boyfriend was abusing her. Right after that her boyfriend left her to be with a woman he had been seeing on the side. Babette’s body was found in late May 2013 in the Umatilla River near Mission, Oregon. She had been missing for over a week. She was found by two people on horseback while they were conducting a private search for her. The area was accessible only by foot, horse or four-wheelers, from one side of the river. The area in which she was found was behind the home of her boyfriend’s new romantic interest. This woman, who remains unknown to the public, also had a reputation for drugs and violent behavior. Billy’s cause of death was drowning and while her death has not been ruled a homicide it is considered “suspicious” and not simply an accident. According to family members police did not take her disappearance very seriously at first- a mistake that may have cost Babette her life. Alice Ida Looney, 38 of Toppenish was reported missing after she was last seen in Wapato in the early morning hours around Aug. 16 or 17, 2004. A hunter found her body Nov. 30, 2005, wedged under a tree on a small island in Satus Creek, about 12 miles southeast of Toppenish. Looney had family on the Cowlitz and Puyallup reservations. The FBI lists the cause of her death as inconclusive. High school and college athlete Rosy Fish, a distance relative of Looney’s, ran four races at a state track tournament (and won 3). Each race was dedicated to a missing or murdered female native relative of Fish’s, which shows the breadth of this issue. Fish’s actions have spurred other native athletes to do similar tributes. Looney’s death is still unsolved. Looney’s family also says they were never interviewed by law enforcement. Teresa R. Stahi age 25. July 27th 1987 marks the day Teresa Stahi’s body was found drowned in a canal. Her clothed body was pulled from a fish screen in a diversion canal off Toppenish Creek south of Granger. An autopsy concluded she drowned and had been in the water less than 12 hours. The Yakima County Sheriff’s Office said it ruled out foul play. However, an FBI memo listed Stahi’s case as a “mysterious death matter.” Law enforcement now says her death is “inconclusive.” Very little information is available. Sara Dee Winnier age 24 had recently moved back to the reservation after living in California. She was found at 3:30 a.m. July 22, 1985, sitting upright in the driver’s seat of a burning car off McDonald Road about half a mile from U.S. Highway 97. Her body was badly burned and the coroner used dental records to identify her. Winnier lived in a remote part of the reservation and worked at the Save More Grocery in Wapato. Her death is suspicious and unsolved. Little information is available. Celestine Spencer, 21 sometimes called Celestine Yallup, of Wapato had been missing two weeks when her body was found at the bottom of a gully in a field off McCullough Road along the north slope of Ahtanum Ridge. She was found Nov. 11, 1982, at the bottom of a hill near a field. Her death while somewhat suspicious was determined to be hypothermia was deemed a probable accident. Celestine’s aunt was awarded custody of her son, Roland, who had some disabilities and various medical problems. Tragically, less than two years later Roland (age 3) disappeared in a child abduction in Wapato and has not been seen since. His Charley Project page is here- http://charleyproject.org/case/roland-jack-spencer-iii. Lesora Yvette Eli was only 19 years old when a farmer found her fully clothed body along Parton Road near Toppenish on Feb. 2, 1982. She was face down in a drainage ditch. While the County Coroner’s Office listed the death as accidental drowning, FBI investigators claim it is a possible homicide. Her death has never been solved and very little information is available. Sheila Pearl Lewis, a 33-year-old social worker who worked at DSHS in Yakima was found dead in August of 1980 near Parker Dam in Union Gap. An autopsy showed that she died of massive internal injuries most likely from being hit by a large car or truck. Even though her death is most likely a hit and run, it is classified as suspicious rather than a homicide. Sheila lived on the reservation. Very little information is available in her case. What happened to these people? Is there a serial killer on the loose? Or simply an epidemic of violence towards women? Hopefully, these cases can one day be solved. I have been thinking of writing up the stories of missing men and boys on the reservation, if you would be interested in a write up on that let me know in the comments below. If you are interested in this issue as a whole, I suggest this podcast by Canadian journalist Connie Walker who explains and dives deeply into the issues discussed in the piece. https://www.cbc.ca/radio/findingcleo/missing-murdered-who-killed-alberta-williams-1.4556030#:~:text=Sparked%20by%20a%20chilling%20tip,in%20British%20Columbia%20in%201989. If you are interested in the cases of other missing Native Americans, my write ups on the Teekah Lewis and Bryce Herda cases can be found here on my reddit profile. https://www.reddit.com/useQuirky-Motor Special thanks to these sources: https://www.yakimaherald.com/news/local/murdered-missing-and-mysterious-deaths-of-native-girls-and-women-on-and-around-the-yakama/article_46068a45-4f5f-5f8e-b37d-198fd98ac5a5.html https://www.seattletimes.com/seattle-news/we-have-so-many-missing-people-coroner-tests-remains-found-on-yakima-river-island-as-families-wait-hope/ https://kimatv.com/news/local/over-one-third-of-missing-indigenous-women-in-wa-disappeared-from-yakima-county-wsp-says http://lostandmissinginindiancountry.com/Newsletters/July2019.pdf https://archives.fbi.gov/archives/seattle/press-releases/2009/se050609-1.htm https://en.wikipedia.org/wiki/Yakama_Indian_Reservation http://www.yakamanation-nsn.gov/ https://www.thesciencehippy.com/health/mmiw-the-women-she-represents http://charleyproject.org/
WATCH LIVE 2:30 PM Governor John Bel Edwards COVID-19 Press Conference
During the last press conference, Governor Edwards stated that the next conference would take place the same time next week, and as of 9:30 AM, there hasn't been an announcement stating otherwise. I will update this post if the time changes. LINKS TO WATCH
We have had 3 weeks going in the wrong directions with cases and hospitalizations. Whatever we discuss today does not reflect what happened this weekend. Why do I mention this? We know Memorial Day was when our numbers stopped getting better and started getting worse. I pray the same is not the same for 4th of July.
We have lost all progress made in June and are seeing some numbers that rival our peak in April.
Today we report 1,891 new cases and case positivity is slightly over 10% (*Mod note: it is 10.4%).
95% of cases today are community spread with only 5% coming from a congregate setting.
Reporting 20 additional deaths for a Toal of 3,231 deaths from COVID-19 for the state of Louisiana.
There is a slight dip in hospitalizations (only 3 less than yesterday) but we are very concerned about the numbers we are currently seeing. We are also concerned with the conversations we are having with the hospital CEO's and Medical directors.
The total of hospitalized with COVID-19 is 1,022, the last time we over this was on May the 19th.
Hospitalizations have doubled since June the 13th.
Recent case growth reflects the majority of cases are young people, with the majority of cases coming from those below 30 years of age.
Difference between today and 2.5 months ago, is 2 months ago our numbers were driven by the New Orleans area, particularly Orleans and Jefferson parishes as well as the river parishes. [Back then] it was only one region of the state that was fueling rapid growth and high numbers. The rest of the state did not see cases to that extent. [Now] we are seeing more even growth in hospitalization and cases across the state. We are beginning to look like Texas.
We have a statewide epidemic, not one that driven by a couple of Regions
Testing sites are slow to get test results returned. Today the delay is due to a lack of reagent in the Commercial Labs. Because they do not have the amount of the necessary component they cannot report their results in a timely manner. This is being worked on as we speak.
We are concerned about the delays because we want to know if people are positive, people may be asymptomatic, may not be taking the proper precautions by quarantining, and be unnecessarily exposing others to the virus.
It is critical for anyone who has been exposed to someone who has tested positive to the virus to self-quarantine for 14 days while you wait for your test results.
If you have been in close contact with someone who is COVID-19 positive, EVEN IF YOU TEST NEGATIVE YOU NEED TO QUARANTINE FOR 14 DAYS you may have contracted the virus but may not have had the appropriate viral load to be detected when you were tested.
Some good news with testing surge testing in Baton Rouge got up and running yesterday, but was short-lived due to the bad weather. The White House Task Force chose 3 cities in the United States for this type of testing. This should tell you all you need to know about whether we have a serious situation and if it is getting worse. WE do and it is.
The goal is to test 5,000 people above the baseline and get a better idea of just how many cases are in the Baton Rouge area.
You do not need to a resident of BR you can live by a nearby parish and get tested.
You can be tested if you are symptomatic, or been exposed.
You can also be tested if you are not symptomatic.
[LIST OF 5 SITES]
Testing will run until July 18th.
Pre-register DoINeedACovidTest.com (registration is not required).
More info can be obtained by calling 2-1-1.
This morning there was a conference call with about 20 hospital CEO and medical directors from across the state to get an update directly from the field.
Nearly every CEO and MD on the call reported sustained increases in COVID-19 hospitalizations. We have completely lost the gains we made over the past couple of months and its all happened in less than 3 weeks. Very concerning.
Some people continue to believe this state of Louisiana continues to do better, that is not the case.
Some regions have more hospitalizations than they ever saw in March or April.
The two hospitals in Lafayette each have more patients than they saw during the previous surge.
Good News: Patients they are seeing are in the hospital are younger and the illness is not quite as acute. Stays are not quite as long, and a smaller percentage of these patents are in the ICU or on ventilators.
Access to Remdesivir is been reduced, no one is out, but with the current caseload, they are concerned about not having adequate supplies.
Hospital capacity is not strictly related to COVID-19. Just because we are in a pandemic does not mean fewer people are going to have strokes, motor vehicle accidents, etc.
The biggest concerns center around staffing and keeping testing supplies and treatments in stock.
Staffing issues are exacerbated by pronounced community spread, causing more staff members to call out because they are positive.
We are seeing a slight change in COVID-19 hospitalized patient demographics as they skew a little more white and male than the previous cases, and as previously mentioned, the average age is down.
Patients are more white, male, and young than before.
Appears now, at least anecdotally, that the hospitalized patients reflect our state demographics as a whole.
FOLLOW MITIGATION MEASURES.
We simply have to wear a mask when we are outside of our homes and interacting with people who are closer than 6 ft.
Everything we are learning from in this country, and around the world, indicate that mask usage is incredibly important to cut down the rate of infections.
Dept. of Health is sharing an additional breakdown of race by parish to be published weekly.
41% of cases are from Black Residents and 29% from White Residents.
The "Great Doctor" Billioux - LDH continues to try to publish more and more data weekly. They have added more information such as the percent of positive cases by regions and hospitalization breakdown by region to the Dashboard. - The difference between this rise in cases and what we saw earlier on is that we have significantly more data which allows us to communicate to you a lot more early warning signs. - We haven't yet seen real big rises in ventilator usage like our neighbors in Texas, but if these curves continue we will probably see these numbers go up. - More individual information was added this week regarding race data. * Louisiana was one of the first states to provide race data for people dying by COVID-19. - LDH now feels comfortable putting out race data by cases. * There is still 19% of cases that they do not have race data. Whether it is from lack of information taken when someone is tested or inability to get information from contact tracing. - Still see there is a disproportionate number of African Americans who are contracting COVID-19 when compared to their white counterparts. * This is also true for our Latin-X communities. - The disparity is starting to narrow, at least for deaths. - It is important that we know where COVID-19 is and how to protect ourselves. - At the regional level, we can see other races beyond the Black and White races available for parish data. - Where is COVID Spreading?
Outbreak Setting
Number of Outbreaks
Cases
% of Cases
Food Processing
11
423
30%
Bar
36
393
27%
Industrial Setting
16
117
8%
College/University
3
84
6%
Restaurant
16
68
5%
Construction Site
3
48
3%
Casino
4
38
3%
Social Event - Private
3
38
3%
Office Space
8
36
3%
Wedding
7
31
2%
Gym/Fitness Setting
3
26
2%
Ship/Boat
1
25
2%
Other Worksite
8
24
2%
Social Event - Public
1
24
2%
Child Daycare
7
17
1%
Religious Services/Event
2
17
1%
Recreation
2
10
1%
Retail Setting
3
8
1%
Camp
1
5
0%
Grand Total
135
1,432
100%
This is the information we are able to get through contact tracing or reports. This represents a significant underestimation of these different settings in the overall cases. Many people are unable to call specifically where they may have been able to pick up the virus, or if they were in a particular bar.
If you go to any setting, whether it is on this list or not, and you do not feel comfortable because people are not following safety standards leave, walk out, protect yourself, and protect your family because that is what is most important. This will allow us to keep as many sectors of the economy open.
These new parts of the Dashboard will be updated every Wednesday.
Questions by Dr. Billioux
Explain the 14-day quarantine... Gov referenced the need to quarantine for 14 days. As we do contact tracing and tell them they may have been exposed, we know that some people's initial urge is to go out get tested. More often than not its been several days since your exposure, so testing is reasonable. If you know you have been exposed today it is not advisable to get a test today. Regardless of being tested, 5 days after exposure and it is negative, you can still turn positive on day 13 or 14. Quarantining is for 14 days regardless of your test result. If you ae been exposed you need to do whatever you can to isolate yourself from other members of your household and certainly do not go out. Why we are seeing cases in college universities when they are currently closed? So there is a couple of data points that we have around that. One is that for the last week or so more than 1/3 have been from 18-29 certainly 29 or less. So that is the same population we would see around college campuses. The other point that I may is that even though the universities may not be open hey still remain centers of our community were people of this age group reside. A university draws a large group from that age range so it is not surprising to see an increase in those locations. Note it is 3 we have identified out of 84 cases. We are trying to engage college students to make sure our message is clear to inform them on the best ways to keep themself safe. Even though are seeing very few people are needing hospitalization and even fewer are dying but if you increase the number of people who are exposed in this age group the number of people who will be hospitalized or who die will also increase. We now have 25,000 active cases statewide, even if these individuals are in a low-risk group for bad outcomes for COVID, but anywhere anyone else goes there is a higher chance of being exposed to COVID-19 whether they are going to bar or a gym the likelihood of catching the virus is higher. Cannot hear question - will update later We definitely see most cases coming from population centers but from the beginning, we have seen cases coming from rural settings. If you look at the map every parish has cases, as we increase testing in smaller parishes we see increases in cases. Some of our smaller parishes rank highest in the amount of COVID cases and deaths in the nation. It is a problem that is truly statewide. This is not a New Orleans or EBR problem, we have COVID cases rises spreading everywhere across the state in the way we did not in March. Are you tracking cases in prisons and correctional facilities? Why isn't this reported on the Dashboard. We track cases wherever they come from. We want to know if they are from individuals that are residing in the setting or staff that work in a setting. We recently partnered with the CDC to do more comprehensive testing in a prison int he North, we work with the DEpt. of Corrections with their testing procedures, same on the parish level to help them support their testing. Individuals' locations are not identified to the public unless they are posing a risk to the public. If we take an example of the bars in Baton Rouge and were not able to identify everyone who had been there we did make a public statement. It is not mandated by the Federal government to be reported like nursing homes are. How can we make restaurants safer We always look at how we can make any setting safer. Recently we are looking at how we can increase enforcement. Having people in these settings to makes sure staff and patrons are doing what they can reduce their risk in these settings. Bars produce a particular risk. You may be leaning in closer to yell over sounds or if you are slowly drinking a drink you are not taking a mask on and off. We are visiting those sites. How many new citations or violations have been given from the LDH Data is not available. Normally we give a warning and then a follow-up visitation and if that is not corrected by the followup visit a citation is not ordered. Are you planning to break up COVID-location exposure by regions No. Anyone one of these settings you should assume it is going on in your neighborhood. What is more important is to make a self-assessment when you enter a setting if it is safe for you to be there or not. Gov. John Bel Edwards
As you can see with the known outbreaks the majority are associated with bars.
Food processing settings dominate those numbers but those individuals work and often times live in close proximity with one another as well.
No matter how you slice and dice the numbers, COVID-19 is probably more present in Louisiana today than it has ever been
Need the people to step up, pay attention, and do their part.
One number that was not previously highlighted, is the amount of per capita cases in the country. We were as high as number 2. AS things got better we were number 10 in per capita cases. *Today we are #5 in country for highest amount of cases per capita
More known COVID-19 in Louisiana today than we have had at any point up to now.
Another number that Gov. Edwards forgot to give is we are in the 8th day and we have reported 137,000+ tests already. The monthly goal set forth by the White House Coronavirus Taskforce is 200,000 tests per month. WE are working hard to know what is going on in Louisiana and get in front of it.
Everyone in Louisiana you have a role to play. Let's take care of one another by wearing a mask. When you wear a mask you are not protecting yourself so much as you protecting others from you, and when they wear a mask they are showing the same courtesy you are.
Wear your mask anytime you re outside of your home, interacting with people who are not part of your household. Stay 6 feet away. Stay home when you re sick. Wash hands with soap and water frequently.
The next press conference will be next week, with no set date or time yet.
Question by Gov Edwards
Earlier you compared us to Texas. Texas is limited crowd size, cracking down on restrictions, and adding a statewide mask mandate. Are you considering limiting crowd sizes, adding restrictions, or instituting a mask mandate?*
We discuss everything I am not currently contemplating a statewide mandate. We are not up to 4 local mandates, Orleans, Jefferson, East Baton Rouge, and Shreveport (he misses Kenner), these are the largest populations of the state.
We want to be fully consistent with the White House Coronavirus Taskforce guidance which recommends that mask mandates be declared by local governments.
Whether we have a mandate or not, we cannot be clearer in the messaging we have been stating for months. **If you are interested in having more customers in stores and in restaurants, then you want mask usage because it decreases the number of cases. Anything that reduces the case count and flattens the curve is ultimately going to be very very helpful. The single most important thing people can do is wear a mask. Gathering sizes are being looked at, in regards to venue capacity right now we may be more liberal with that than Federal guidance we are getting.
Other states are considering closing bars and indoor dining. Seeing the surge in cases have you reconsidered the current restrictions on restaurants and bars? I will tell you that we are getting the guidance directly from the cOronavirus task force as well we have done over 3,100 site visits over the last 10 days or so. Primarily working through the Free Marshall Office we are trying to gain more compliance with existing restrictions and are having success in almost every case. We will be starting our followup visits and if there are repeat violations actions will be taken there. In regards to 50% occupancy for on-premises dining, we are on par with what Texas is doing now. Our decision not to go into Phase 3 was the right decision. I can only imagine what the case would be if we removed to Phase 3. We are paying attention to all of these things and maybe making some adjustments to the restrictions. Currently, we remain focused on getting compliance with existing restrictions. If this proves to be insufficient to get our numbers under control we whatever is necessary to not put a strain on our hospitals. We are not there today but we are on-trend to get there. President Trump says he wants all students returning to school for in person instruction, do you have guidance on what you would like to see with schools reopening? First of all, I would hope aspirationally we want to see our schools open 5 days a week for in-person instruction, but at the same time, we have to balance the interest of preserving the health of students, staff, and faculty. We need to look at what situation is at any given time of the situation, particularly in advance of when that school year will commence. You will see school districts implementing even more measures to protect students, staff, and faculty. Under no circumstance do we anticipate a return to pre-COVID normal. Even if we have in-person instruction on campus it will not look like how it was prior to COVID. Not like to see school assemblies, students eating in lunch, students will not be coming into contact with people who are not their immediate cohorts. It is important to get students back onto campus not just for education but for nutrition, social well being, mental health services, and we have to remember that teachers and school counselors are mandatory reporters when they suspect a child has been subject to abuse or neglect. For all these reasons we ant them back on our campuses but we ate to do it safely. Only recently the CDC related a plethora of guidance. K-12 leaders are pouring over that now to make sure it is incorporated into our plans of reopening. Impossible to know on July 8th what it will look like or whether it will even be possible to open schools a month from now. Question about fall sports and Senators Fields request that K-12 sports be cancelled for the Fall It is a little too early to say on July 8th what this will look like. I appreciate the concerns of Senator Fields, that decision may be a prudent decision but we are not at the time where that decision needs to be made. WE need to know al little more and get a little deeper into the calendar before the decision is made. Question about how Gov. Edwards feels about then comparison of wearing a mask to the holocaust It is utter nonsense and sad. My best advice to anyone who wants to talk about any person or situation today and compare it back to the nazis or the holocaust is not appropriate. Certainly not in this circumstance where mask-wearing is recommended across the world now, including by our own Federal Govern and White House to wear masks to stop a disease that is highly contagious and highly lethal. It just misses the boat on all fronts to compare that to something related to the holocaust. cannot hear question Dr. Birx called me last week they were looking at certain hot posts across the country where you had increases in cases and positivity that were very pronounced. They wanted to assist going into those areas with additional testing, with the hopes of identifying more people with the coronavirus, put them into quarantine, and cool off these hot spots. In EBR we may be seeing this because of the younger demographic, we are a college town, we do not know why we are seeing it but we appreciate the help and hope to get the 5,000 additional tests today between now and July 18th. This is the only federally sponsored testing taking place in Louisiana presently. If you have questions about this testing or how to take advantage of it call 2-1-1 doineedtogetacovid19test.com to pre-register. [location of testing sites]
[Counter Response To] THAILAND IS RACISTS BECAUSE FARANG CAN'T BUY LAND and THAIS GET DISCOUNTS AT PARKS.
Thailand is not a Democracy yet I feel more free in the Kingdom than in California. Another day another thread or comment is posted on reddit about a FARANG talk crap about Thailand. Yet THAILAND has 3 of their cities in "Most Traveled to Cities in the World" Visa did a stats on this and many other sources corroborated. Why is that? Racists? Xenophobe? Rude culture? Then why do people come? Allow me to play Devil's advocate: 1) FARANG can't buy land not because of racism but because of CAPITALISM. THAILAND PROTECT KING'S LAND for ITS PEOPLE to purchase at affordable price per Rai. Examples: Look at California coastal cities to Oregon to Washington to Vancouver BC. Most of THE LANDS ARE OWNED BY MULTI NATIONAL CORPORATIONS BANKERS. It baffles me when citizen of its own country who parents live in the area cannot afford rent where they grew up. Some old ass landlord dude bottleneck the whole zip code innovation from young people by purchasing up all land and making rent more than 50% of young people's income. People work to pay rent rather than live their life doing passion or other services. So many people are now doing "VaN LiFe, LiveLovePrayTraveltoThailand90daysVisaHopsElepahantPants" Young people suffers from: No private property, no care, no sense of belonging at all. So much pressure for young men, so high suicide rates and divorce due to RENT. It's always comes down to roof over your head. Look at Facebook owner Zuckerberg. He owns half the island in Hawaii. Look at Jamaica and other islands around it. All resorts own by few rich dudes. People can't access most beaches only one public beach. Look at Manila. Homeless Citizens everywhere eating PAG PAG aka throw away KFC in trash while landlords gets fat. Same constitution as USA. Facsimile. Look at Burma, Laos, Vietnam and Cambodia. Rich military men has multiple wives Helicopters for medivac. Regular citizen get snake bit in the field. No BTS. NO SPEED TRAIN. Good luck fighting cobra bite on motor bike for 45 minutes to "Hospital". 10 Families own half Florida land mass. Al Jazeera UK usually anti Thailand just released in Youtube video praising Thailand Swiztzerland has program sending their elder to Thailand to lives rest of their lives with nuero disease. It's great news but it's kinda funny how they outsource their elder to other country and Switz and Sweden supposed to be best country in the world LOL. Thailand last resort https://www.youtube.com/watch?v=i7yeiO-UZoM Read the comments how many Switz praise Thai ways of respecting elder. Look at California. City of Irvine. 4th safest city in United States. 90% own by Irvine Company. It's a big slum lord company with crazy HOA with high tax. You can never own especially with student loan. Look with San Francisco. You can make 100k per year and live in a shack 3k per month. You think an average Thai can afford that life style? Western born people even can't afford land in country like the United States land of the FREE so how can Thai? Unless you wanna live in Tornado alley where your life saving can be wiped in 1 shot. Then yes you cann buy a Mcmansion for a 100k. You yourself will likely pay way more once Thailand becomes democracy. Lands are not gonna be affordable like you think. With outside money, China will swiped right the whole coasts and turn it into Casino like in LAOS, Cambodia and Vancouver Africa. Those videos that FARANG JOE posts on youtube for $200/month BEACH FRONT RENTAL PROPERTY IN PRACHUAP KIRIKHAN etc will be all GONE. It will be like $200 a night bungalo cut out from street with all kind of HOA laws and everything will costs 3 times more due to permit. 30 BAHT street food bowl of BAH MEE MOO DANG from mom and pops shops? Low rent means cheap food. LMAO now 90 BAHT with RENT MARK UP TO GO TO IPO COMPANY WHO JUST ENTERED SP500. Look at USA LANDSCAPE nothing but malls, starbucks, and amazon warehouses. It takes 16 licenses to open a lemonade stand in California. Costs ramification is a lot to an average person. It's not racism at all. Thailand wants Thai to be self reliant and proud business owner. Capitalism kills small businesses Ask Jeff Bayso who during COVID 19 Earnings in first three months equivalent to $33m an hour. If you want to own property buy condo or buy land but do it the right way and marry a good woman or man. You gonna pass it on to your sons and daughters anyway so who cares. Make babies, plant flag and hold down your land with your wife. If you marry a bar girl and she leaves you, you cannot blame Thailand. You lost your virginity and felt in love with your first warm cherries pie and then it's on you. Bar girls slept with 10,000 dudes by the time she retires at ripe age of 30. I get some people don't care about body count as long as no STD but generally they are harder to bond with. Think about it, would you hire someone to manage your business who leaves his job every week for a new job on his resume? No loyalty. They will run and find another sucker. Don't blame anyone but yourself. 2) Thailand has CONSCRIPTION aka ALL MEN MUST SERVE. United States has VETERAN DISCOUNTS almost everywhere and has PX for active duty services and VET only electronic stores and booze and cigarettes no tax. Memorial days discounts and perks. Wear a dress Blue??? Free meals all day. A group of Marine got on the same boat with me and my buddies from Long Beach to Catalina island fishing for scorpion fish. We paid $100 each for 4 hours fishing. Marines all paid 25% less than us due to military discount. I AM PERFECTLY FINE WITH THAT. They served, gave up few years of their youth for service. GOOD FOR THEM HOORAH. Many average male in Thailand including your sons has to serve unless u hide him from Thailand until he is 30 years old. Many of them also has to be a monk one season for "GrAnDPaRenTz GoeS To HeavEn FamILy HappY" My point is they don't just get the perks. They have to serve 2 years guarding Cambodian, Laos, Burma, and Malaysia boarder and has to be a monk too. I AM ABSOLUTELY OKAY WITH PAYING 100 BAHT AKA 3 BUCKS to enter National Parks and Somchai can pay 30 BAHT aka 1 DOLLARS. I did not serve. My GDP is higher. I HAVE NO PROBLEM WITH PAYING FARANG PRICE. The Thais are not racists but are weeding out unorganized grab-asstic Cheap Charlies and sociopath takers who pack the attitude to be confrontational in their beloved Thailand. If you can't save up 800k BAHT aka 27k USD, you have no business leaching and retiring in other countries that you didn't put into the system. People who qualify to retired in Thailand TODAY has a lot higher quality of life than the former Thailand of 20 years ago. Seems like many Farang with Asian wife in particular ran from Neo-Liberalism-Bigbrother-nopersonalfreedom politics with high tax high rental costs and high divorce rate in the west. So why try to make Thailand Democracy like your home you ran from? Which eventually becomes high propety tax like California. Stay out of politics. Everytime USA bring Democracy, someone gets bombed. You're a guest go fix your home. Old people can't even afford medicare copays and rent off SSA. What kind of society just let their elder dies in massive body count during COVID19 in USA hospice. Thais cares way more about old people and even bow to them and answer KRUP OR KRA after every sentence. CHUCKIE AND PAIGE from NOTIME2BESAD just paid 1k PER YEAR for PPO INSURANCE in THAILAND. Thai doctors can make a dude turn to hot ladyboy. Your tumor or nose job is nothing. Them surgeons working in King's hospital are mostly Farang and or Western Medical Educated Thais and only cost a fraction of the US pricing. Retired at 50 years old no need to work hard all your life to 70 years old and break health to make money, then the spent the made money to save health.
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