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Money Was Something Of A Poisoned Chalice

A report from Boston.com in Massachusetts. “‘The Boston condo market is a great example of what’s happening nationally,’ said Kiernan Middleman, an agent with Berkshire Hathaway HomeServices Warren Residential. Buyers are simply leaving the city and heading to the suburbs.’ From July through September, average sale prices for condos in the Seaport and Back Bay were down by 35.1 percent and 21.9 percent, respectively, compared to last year. Still, most buyers remain cautious — leaving the bargains to the bold. ‘We are seeing some deals that, just one year ago, nobody would have imagined happening,’ Middleman said.”

A press release. “56.3% of Redfin offers on homes faced competition nationwide in September, down from a revised rate of 59.1% in August, according to Redfin. ‘Until very recently, bidding wars were entirely ubiquitous in Tampa, but it suddenly seems like buyers have had enough of sellers’ pie-in-the-sky, aspirational pricing. The market is getting a little too hot, and buyers are feeling fatigued,’ said Tampa real estate agent Brian Walsh. ‘It’s getting to the point where you’ll see a seller demand $50,000 over what they paid a year ago—and the only thing they’ve done to the home is minimal DIY renovations, like slapping on some new paint and flooring. Some of my buyers have decided to take a break from making offers altogether and just wait until the market cools off.'”

“‘Condos are not selling as fast as they used to,’ said Mary Bazargan, a Redfin real estate agent in Washington, DC. ‘Single-family homes are selling fairly quickly as long as they’re priced right. The homes we price correctly or a little conservatively are getting multiple offers. The ones that push the price aggressively high are sitting on the market.'”

The Wall Street Journal on Illinois. “A Chicago heir to a clothing-manufacturing fortune was so inspired by the House of Tomorrow in the city’s 1933-34 Century of Progress International Exposition that she asked its architect, George Keck, to build her a private residence. The 15,411-square-foot, seven-bedroom, 12-bathroom home on South Green Bay Road is on the market for $2.9 million.”

“Owners Gopal N. Bhalala, a doctor, and his wife bought the house in 2004 for $4.9 million and lived there with their four children, now grown. Commenting on the listed price, Scott Newman, principal at RNP Real Estate Group, which has the listing, said, ‘The sellers simply repositioned the home to account for the complicated times we’re living in.'”

From Honolulu Civil Beat in Hawaii. “Philip Garboden, a professor in affordable housing at the University of Hawaii, conducted a recent survey that found more than 38% of Hawaii landlords surveyed are struggling to stay profitable and the residential vacancy rate has more than doubled, up to. 9.2% compared with 3.9% prior to the pandemic. As the pandemic continues, some landlords are considering selling their properties. Maria Tanega owns properties in Manoa and near Iolani School and has one tenant who hasn’t paid rent since August. Tanega said her tenant is still waiting for money from the state’s rental assistance program.”

“‘Tell the governor, stop the moratorium. I cannot subsidize the freeloaders. I want to get rid of them,’ she said.”

The Denver Post in Colorado. “Denver’s popularity with millennials may be fading, at least when measured by the share of apartment applications young adults are filling out compared to other major cities, according to RentCafé. Denver doesn’t even make the top 15 for 2020, and the rankings of the ‘hottest’ cities has shuffled, according to the study, which examined 5.6 million applications across 61 locations. Another study from Zumper found that Denver ranked fourth for the rent reductions and concessions landlords were providing to attract tenants after San Francisco, Washington, D.C., and Irving, Texas. Zumper estimates listed rents on one-bedroom apartments are down 11% in Denver compared to last year and that 16% of Denver listings come with concessions.”

The Midland Reporter Telegram in Texas. “Nowhere was the drop in rent during the pandemic felt more than inside the oil patch, according to a report from Insurfy, a home insurance comparison site. The report states the three communities with the three largest percentage decreases in monthly rent were Odessa, Williston, North Dakota, and Midland. The website showed a 26.4 percent decrease in rent in Odessa from March through September, a 24.45 percent decrease in rent in Williston – which is located in the Bakken oil basin – and a 20.67 percent decrease in Midland.”

“San Francisco (17.81 percent) and Mountain View, California (16.68) rounded out the top five. Odessa and Midland were the only two Texas cities in the top 20. There were 10 California cities that made the top 20, and nine of those 10 cities are clustered by the Bay Area region of northern California, according to the report. The website also reported average two-bedroom apartment rents of $728 and $912 in Odessa and Midland, respectively, in September. Year over year, rent in Odessa dropped 34.1 percent. In Midland that rent decrease was 29.5 percent.”

From Socket Site in California. “Despite offers of up to three months free rent, cash incentives to sign a new lease and advertised rents having already dropped over 20 percent on a year-over-year basis, the weighted average asking rent for an apartment in San Francisco continues to tumble and has just dropped to under $3,300 a month.”

“As such, the weighted average asking rent for an average apartment in the city, which measures 2.4 bedrooms when counting a studio as having one, is now 20 percent ($825 a month) cheaper than just eight months ago, down 23 percent on a year-over-year basis and down nearly 27 percent from a 2015-era peak, with the average asking rent for a one-bedroom in the city having just inched under $2,800 a month (which is down from around $3,700 at peak).”

From Multi-Housing News on California. “The Bay Area’s multifamily market, although underpinned by one of the nation’s strongest economies, is experiencing a historic moment. San Francisco, notorious for its limited housing supply, had 23,158 units underway and 1,549 delivered in 2020 as of August. Meanwhile, transaction activity totaled $1.1 billion, with capital targeting RBN assets in the East Bay, which pushed the per-unit price down 11.4 percent to $387,519.”

The Los Angeles Times in California. “In the absence of any further federal relief like the now-on-hold Save Our Stages Act measure, independent music venues face increasingly dismal choices. ‘We feel abandoned right now,’ said Audrey Fix Schaefer, spokesperson for the independent venue association, which led the music industry’s advocacy for the legislation. ‘It has been a horrendous roller-coaster ride. Everybody predicted this would pass in July. People are selling their houses to not go under. We’re in the deep end, drowning.'”

From Curbed. “Even as WeWork’s IPO collapsed last fall and its then-CEO Adam Neumann was left walking the streets of New York barefoot, fighting for his job, the company still had a few things going for it. For one, it had become New York City’s largest occupier of commercial office space. By the end of 2019, having spent profligately to expand in the run-up to its IPO, WeWork was leasing almost 9 million square feet in the city — more than the Empire State Building, One World Trade Center, and Google’s giant West Side office building combined.”

“A fifth of its offices in the city were empty this summer, and WeWork is far from the only office supplier facing headwinds: Moody’s predicts that commercial rents will drop by 21 percent this year — a steeper decline than the 19 percent dip that occurred during the global financial crisis. It’s clear now — in the midst of a global pandemic — that New York City’s real-estate market is undergoing a historic collapse.”

“What supercharged WeWork’s growth, however, was its ability to raise money to keep expanding as the economy began to boom and rents started to rise. One senior employee recalled a pivotal moment in 2016, just when it seemed as if the company could no longer find investors willing to fund its growth.”

“‘We said, ‘Nobody else in the world is going to invest,’ the employee told me. ‘Then, all of a sudden, literally the only guy in the entire world who could give the company the one drug it was craving shows up at the door.’ The man at the door was Masayoshi Son, the founder and CEO of SoftBank, who, over the next three years, would go on to pour more than $10 billion into WeWork.”

“Adam Neumann met Masayoshi Son in January 2016, when Neumann flew to India for a start-up conference’I just came here five days ago for the first time, so I’m still an early student of India, but here is what I’ve observed,’ Neumann said onstage. ‘For a very spiritual country — and I can definitely tell you this is the most spiritual country in the world — I’m surprised a little bit from the amount of talk I heard about valuation and raising money and bubbles.’ The crowd laughed nervously.”

“At one point, WeWork’s West Coast team met in Seattle to come up with projections that could satisfy SoftBank’s demands. But as the team surveyed the real-estate market in cities up and down the coast, they came to a troubling realization. ‘There was literally not enough real estate in these cities to reach these numbers,’ one person involved in the discussion said. New construction was popping up all over Seattle, but the team found that WeWork could have occupied every new building going up in the city and still not hit the goals Neumann and Masa were setting before them.”

“The money was being funneled to consumers, who were happy to receive heavily subsidized services, while Bird and DoorDash and MoviePass all burned cash to acquire customers, hoping that one day they could charge full price. For businesses without Warren Buffett’s ‘moat’ protecting them, a new model existed: ‘capital as a moat.’ Can’t beat ’em? Drown ’em in cash.”

“It had long been Neumann’s goal to make WeWork ‘too big to fail’ — becoming as entrenched in the real-estate world as the big banks had been in the financial system — and Masa’s money seemed as if it might help him do just that. And then it all fell apart. Masa’s money was now something of a poisoned chalice: It had enabled the company to grow at a remarkable pace, before sending it hurtling off a cliff.”

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This Post Has 180 Comments

  1. The last link is worth reading in full.

    ‘average sale prices for condos in the Seaport and Back Bay were down by 35.1 percent and 21.9 percent, respectively, compared to last year. ‘We are seeing some deals that, just one year ago, nobody would have imagined happening’

    Good thing everybody put 20%, oh never mind.

    1. “New book details the destructive, booze-fueled antics of WeWork CEO Adam Neumann”

      https://nypost.com/2020/10/19/book-details-the-destructive-booze-fueled-antics-of-adam-neumann/

      (some snips)

      “Neumann’s ambitions weren’t always connected to reality — he told his wife’s cousin during a wedding that he intended to buy the Woolworth Building before admitting, ‘Well, I have no equity, I have no idea what I’m doing’ — but he talked a good game.”

      Neumann’s delusions of grandeur became more irrational as the company expanded — they soon had WeWork locations in more than 110 cities in 29 countries — but the tequila-loving public face of WeWork was less concerned with profits than something more ephemeral.

      “’Our valuation and size today are much more based on our energy and spirituality than it is on a multiple of revenue,’ he said in 2017, after Japanese firm SoftBank invested $4.4 billion in WeWork, one of the largest investments in a private company in history. ‘We are here in order to change the world — nothing less than that interests me.’”

      “As often as employees left — the ex-WeWork staffers who spoke to Wiedeman ‘described their departure as if they had escaped Jonestown or Waco’ — there was a constant influx of new devotees ready to take their place.

      “’From a business perspective,’ one HR executive told the author, ‘the cult is working.'”

      Whatever. Keep in mind this company one time not long ago attracted billions of “investment” dollars.

      FWIW.

  2. ‘It’s clear now — in the midst of a global pandemic — that New York City’s real-estate market is undergoing a historic collapse’

    Where’s Larry the sword catcher?

    1. I’ll wait for the sword to hit the ground first.

      I was here in the early 1990s. Only 30 years ago.

      1) NYC office building values fell by half.

      (BTW, there was a similar collapse in the suburbs post 2000 — so is that even unusual?)

      2) Some major buildings in Lower Manhattan almost went in-rem (abandoned to avoid paying back property taxes).

      3) The value of the house I live in fell by half, adjusted for inflation.

      4) With the last of the Baby Boomers exiting the singles and couples phase, and entering the parenting phase, the value of smaller co-ops and condos fell by more than that.

      5) Peak of the market row house developments in Staten Island, with 13-foot-wide houses, were plowed under and replaced by one-family homes.

      6) As recovery ensued, three-bedroom apartments in Manhattan were worth nearly double what two-bedroom apartments were. Many purchased adjacent one-bedrooms and combined them.

      7) Fringe residential and commercial neighborhoods that had been gentrifying reverted, as prime areas became affordable. There was a “giant sucking sound” back to Manhattan.

      2. The fringe areas that are so hot right now are going to be devastated when all their new inhabitants realize that they don’t actually like living in the boondocks. Once decent places in major cities become at least somewhat affordable again all those exurban pioneers are heading back to the city.

        1. Once decent places in major cities become at least somewhat affordable again all those exurban pioneers are heading back to the city.

          Maybe. But in order for that to happen, the Fed has to fail. The stakes have become so high (on purpose, thanks Fed) that if/when that happens going somewhere hip will be the least of anyone’s worries. The Fed has intentionally made themselves the ultimate “too big to fail”.

    2. Ya know….. reading the words of deniers here and a few other choice internet sites, a few things stand out lately.

      The tone of their posts is changing to one of desperation rather than a discussion. And then there are the lies…🤣….. they fall apart with the slightest level of effort and just sit there on the page defenseless.

      It’s quite fascinating really.

  3. ‘Despite offers of up to three months free rent, cash incentives to sign a new lease and advertised rents having already dropped over 20 percent on a year-over-year basis’

    So what do three months free, cash and a 20% asking rents add up to? Half? How do those 5% cap rates look now bay aryans?

      1. “Capitalization rate is a real estate valuation measure used to compare different real estate investments. Although there are many variations, a cap rate is often calculated as the ratio between the net operating income produced by an asset and the original capital cost or alternatively its current market value.”

        – Wikipedia

  4. ‘on the market for $2.9 million…bought the house in 2004 for $4.9 million’

    ‘The sellers simply repositioned the home to account for the complicated times we’re living in’

    Well it was cheaper than renting Gopal.

    1. $2 million over 16 years of residency adds up to $10,417 a month in capital losses, before even considering other real estate HODLing and sales transaction costs.

      I’m not sure what the rent would be on a place like that, but I have a feeling that owning was NOT cheaper than renting in this case.

  6. “Denver’s popularity with millennials may be fading”

    Because they know, for most of them, that there is no future in Denver. They can move here for a few years and overpay for rent but will never be able to afford a $750,000 starter home.

    Just like every other “progressive” city in the West, there will be no middle class. It’s the progressive way.

    2. It’s like you’ve said, downtown Denver looks like battle zone, with mobs who pull people from their cars and beat them. While millennials no doubt support such insanity, even they know better than to live there. And since the can now work remotely they’re probably moving to places like Castle Rock, Ft. Collins, or Colorado Springs, which aren’t as vibrant and where the rent is cheaper.

    3. “Because they know, for most of them, that there is no future in Denver. They can move here for a few years and overpay for rent but will never be able to afford a $750,000 starter home.”

      The solution to Denver’s problem is obvious. (And New York’s and Boston’s and San Francisco’s and Seattle’s and Austin’s).

      1. Starter homes will probably be infested with crackheads by the time the finance system lets that happen.

      2. By that time those city dwellers might have gotten married and had a kid. Ain’t no going back to the 2-bed condo then. Oh, and have you ever seen the inside of an inner-city school?

  9. “A Chicago heir to a clothing-manufacturing fortune was so inspired by the House of Tomorrow in the city’s 1933-34 Century of Progress International Exposition that she asked its architect, George Keck, to build her a private residence. The 15,411-square-foot, seven-bedroom, 12-bathroom home on South Green Bay Road is on the market for $2.9 million.”

    “Owners Gopal N. Bhalala, a doctor, and his wife bought the house in 2004 for $4.9 million and lived there with their four children, now grown. Commenting on the listed price, Scott Newman, principal at RNP Real Estate Group, which has the listing, said, ‘The sellers simply repositioned the home to account for the complicated times we’re living in.’”

    Still cheaper than renting Gopal. I bet those property tax bills were just as BIG.

      3. On top of all the taxes, the army of servants it would take to maintain that place must also cost a pretty penny.

        1. My first thought was that it’s not really a place for living in, but rather a place for showing off, or hosting events in. If you are in the top ~0.01% and wish/need that I suppose.. otherwise .. it’s way more bother than anyone needs.

  10. https://www.reuters.com/article/us-usa-housing-eviction-insight-idUSKBN27415U

    Business News
    October 19, 20204:11 AM | Updated a day ago
    Time’s up: After a reprieve, a wave of evictions expected across U.S.
    By Michelle Conlin, Christopher Walljasper
    7 Min Read

    “It has been a nightmare year for many of America’s renters. The local, state and federal eviction bans that gave them temporary protection in the spring began to lapse in early summer – ensnaring renters like Bean in the gap. September’s reprieve by the CDC, which protected many, but not all, renters will expire in January.“

    “At that point, an estimated $32 billion in back rent will come due, with up to 8 million tenants facing eviction filings, according to a tracking tool developed by the global advisory firm Stout Risius and Ross, which works with the nonprofit National Coalition for a Civil Right to Counsel. The nonprofit group advocates for tenants in eviction court to secure lawyers.”

    “In a typical year, 3.6 million people face eviction cases, according to the Princeton University Eviction Lab, a national housing research center.”

    – Eviction cases=3.6M/year (typical). 8.0M in Jan., 2021 (one month!)

    “Landlords, most of whom are mom-and-pop operators with mortgages to pay, say they, too, are under unprecedented financial strain, as many move into the eighth month of nonpayment. Many owners are “not generating sufficient revenue,” said Bob Pinnegar, CEO of the National Apartment Association. “This is not a high-profit-margin business.” “

    “Only 9 cents of every dollar return to the owner or investor as profit,” he added.

    “Unless Congress and the Trump administration move past their deadlock over the contours of a new COVID-19 relief package and include financial relief for tenants and landlords, January will bring a surge in displacement and homelessness “unlike anything we have ever seen,” said John Pollock, a Public Justice Center attorney and coordinator of the National Coalition for a Civil Right to Counsel.”

    – Extend and pretend/can-kicking appears to be running out of runway. Will evictions (and the rule of law) be enforced come January, or will it continue? The national policy seems to be extend and pretend for as long as possible. With that in mind: 1) All deferred payments will be due at the end of the grace period, and 2) Does anyone believe that tenants are going to be able to come up with thousands/tens of thousands of dollars at that point? These are the same Americans that didn’t have a $500 for emergencies , and 3) This hefty sum (past due) continues to grow as long as deferrals and moratoriums continue.
    – Everything is currently frozen in time, conveniently, until after the elections next month. January is a hard stop, for now.
    – I’m not sure when the end date is for mortgage forbearance, but that’s got to be a similar can of worms.
    – 2021 should be interesting, to say the least.

      1. Yup. So much of our economy is based on avoiding price discovery. Yet I see no indication of how it will be avoided in this case. Unless something changes and the fed finds a way to pay everyone’s rent at full price.

        2. Price discovery won’t happen. Either the moratorium will get extended, or Uncle Sugar will make those boo boos all better.
          I think it’s fairly likely true price discovery would mean the end of civilization. Everybody would be pissed, and need someone to blame and take it out on.

          I think we’ll end up like Japan. The fed will find some way to wedge things together for a few decades, and we’ll just drag along the bottom.

          1. I think it’s fairly likely true price discovery would mean the end of civilization.

            Whose civilization? I don’t think it would mean the end of all civilization. But the People Who Matter? Yeah, they’d be screwed and they’d take a whole bunch of people down with them. But I bet there would be some places on earth that would hardly notice assuming the nukes don’t fly…

          2. ‘Price discovery won’t happen’

            You have yer head up yer ass. NYC has been sinking like a turd in a well since 2016. Miami, 2015. London, 2014, Vancouver 2016. Hong Kong, the most expensive residential RE on the planet, is in free fall. Just above I find major ass-poundings in Chicago and Boston, all over the place, day in day out.

            Look at the list of former most expensive cities, how the mighty have fallen Sydney, Lagos, Mumbai, Vancouver – all were more expensive than Manhattan at once point of another. I don’t have the time to list them all! People like you are to be ignored or banned cuz you sux and lie and are basically trolling. Piss off and don’t come back. Yer wasting my bandwidth and time.

          5. I think it’s fairly likely true price discovery would mean the end of civilization.

            Give me a fawkin’ break with this garbage.

          7. He is not a troll, not entirely anyway. If his posts are reasoned and supported and add insight, I am more than happy to listen, consider, and engage. It’s when they start spouting TDS and phrases out of the WaPo that I get rankled.

        3. Prices ration goods. End of story.

          Fork up the pricing g mechanism and you fork up efficiency, which forms everything and everyone not connected to the politicians who decide what gets forked.

      3. “They can evict the tenants, but they can’t replace them at the same rent levels.”

        – I agree that rents are falling in most major MSAs. Yes, “new price” rents will be lower for new tenants.
        – Ignoring “zombie tenants” for now (i.e. renter occupying the rental unit, but not paying rent), with all of the supply coming online and all of the current vacancies, I don’t see the rental business models as being viable, since rents are still falling and previous cap. rates were too low, i.e. “you paid too much.”
        – The entire economy has been turned upside-down in many ways. It was already moving into contraction before the pandemic, since we were at the end of the previous, artificially-induced expansion. Recall the “repo” market debacle starting on Sept. 16th, 2019; well before the pandemic kicked in.
        – Duct tape, chewing gum, bailing wire, temporary, stop-gap measures, and of course, can-kicking. That’s the current economy.
        – No accurate signals, no price discovery, no reality. All courtesy of your neighborhood central bank. Welcome to the bizzaro world. It’s not sustainable, but can continue until it doesn’t. Delaying the economic pain will only make it worse.

        – But, not to worry, the Fed’s on it. They’ll fix everything, even though they caused this mess…

        https://tinyurl.com/yxjqo2wy
        Reuters
        Banks
        October 17, 2020 12:52 PM | Updated 2 hours ago
        Fed officials call for tougher regulation to prevent asset bubbles: FT
        [ Filed under: Closing the barn door after the horse has already bolted.]

        By Reuters Staff
        2 Min Read

        “(Reuters) – Tougher U.S. financial regulation is needed to avoid the rise of excessive risk-taking and asset bubbles in the markets at a time when the Federal Reserve is keeping interest rates low, two senior Fed officials told the Financial Times in an article published on Saturday on.ft.com/3kesfsU.
        Boston Fed President Eric Rosengren told the newspaper that the Fed lacked sufficient tools to prevent companies and households from taking on “excessive leverage” and called for a rethink on issues related to U.S. financial stability.
        “If you want to follow a monetary policy … that applies low interest rates for a long time, you want robust financial supervisory authority in order to be able to restrict the amount of excessive risk-taking occurring at the same time,” the FT quoted him as saying.

        “(Otherwise) you’re much more likely to get into a situation where the interest rates can be low for long but be counterproductive,” Rosengren said.
        Minneapolis Federal Reserve President Neel Kashkari said there was a need for stricter regulation to avert repeated interventions in the market by the Fed.
        “I don’t know what the best policy solution is, but I know we can’t just keep doing what we’ve been doing,” he told the newspaper.
        “As soon as there’s a risk that hits, everybody flees and the Federal Reserve has to step in and bail out that market, and that’s crazy. And we need to take a hard look at that,” he said.

        Neither Rosengren nor Kashkari were immediately available to comment on the article published on Saturday.

        Reporting by Kanishka Singh; Editing by Sonya Hepinstall”

        – Oh, the insanity!

    1. Those 5000 sq ft must cost a pretty penny to cool at SDG&E rates. Yeah, it has some solar panels, but I doubt they can fully power the A/C units on a hot summer day. I noticed from the aerial view that many of the neighbors have solar panels. I guess between the sky high rates and the potential blackouts that they pencil in.

      1. The E cost is a drop in the bucket compared the the ongoing losses associated with paying a 200%-300% premium for a rapidly depreciated asset like a house.

    2. I noticed a big CA wealth tax X on it. Someones got to pay to clean up after the homeless and it wont be Newsom or gang who all live in 10X the house this is .

      1. a big CA wealth tax X on it

        Anyone with “wealth” to tax is not living in that neighborhood. That would be La Jolla, Del Mar and Rancho Santa Fe.

        1. Yes for sure but will it expand ? CA is like a crack addict needs more and more tax money for all its wacky ideas. Buying electricity from neighboring states that burn coal I don’t get it .

        2. And few of the working residents of those rich areas are domiciled in Clownifornia for tax purposes. Texas and Nevada were the big ones back in the day.

    1. one of the largest yoga chains worldwide

      Is there anything that hasn’t been converted into a chain?

      1. Is there anything that hasn’t been converted into a chain?

        Why wouldn’t you, when that’s the only way to succeed? Single storefront sole proprietorships are for suckers. You gotta show that amazing growth story while losing money and offload it all onto the market morons at top dollar. Money for nothing and chicks for free…

  15. From July through September, average sale prices for condos in the Seaport and Back Bay were down by 35.1 percent and 21.9 percent, respectively, compared to last year.

    Is that a lot?

    1. YAAWWWNNNNN

      This is a mere paper cut. Back in the old days in NYC, people would laugh this off. Nothing to see here. Move along. Wake me up with people start going Jihad on their lenders when they get evicted.

      1. I hear ya brother. OH THE HORROR! Seems like business as usual. 1-89% off is a scratch and likely very short term. Basically the new normal. We got sound lending, mostly peaceful protestors, and LOTS of FREEEEEE monies. 90% or more I would consider a small, very small level of concern. RE only goes to infinity and beyond!!! END OF STORY!

  16. ‘We are seeing some deals that, just one year ago, nobody would have imagined happening,’ Middleman said.”

    Just wait until after the implosion of the Fed’s Everything Bubble, Middleman. Gonna be lots of “Nobody could’ve imagined this” comments from the sheeple.

  17. “In the absence of any further federal relief like the now-on-hold Save Our Stages Act measure, independent music venues face increasingly dismal choices.

    Why should I as a taxpayer be forced to bail out independent music venues? Most bands today suck so bad they deserve to go broke.

      1. Smartphones and millennials ruined live music, forever.

        As a way to make a living maybe. But art is art, even if you can’t make money doing it. Sometimes it even gets better if nobody is trying to get rich from it.

  18. “Adam Neumann met Masayoshi Son in January 2016, when Neumann flew to India for a start-up conference’I just came here five days ago for the first time, so I’m still an early student of India, but here is what I’ve observed,’ Neumann said onstage. ‘For a very spiritual country — and I can definitely tell you this is the most spiritual country in the world — I’m surprised a little bit from the amount of talk I heard about valuation and raising money and bubbles.’

    This WeWork farce and its asshat CEO could never had existed except in a world awash with Yellen bux.

          1. This is good news!

            I know! Proceeds from the sale of the Encinitas property are in the bank and waiting.

      2. 92131 = Scripps Ranch, next community south of Poway.

        The chances seem slim that prices are not correlated between the two communities.

          1. Moving from Phoenix AZ to Poway CA my kids were one grade ahead compared to Poway and super bored. Overrated school district I guess rich people go private there ?

          3. “increase the chances of Native American, Hispanic and black students leaving school with lackadaisical mental attitudes and poor skill sets, making their entry into the jobs market even harder.”

            Nope, they’ll gain entry into the jobs market simply by screaming ism again. At which point they’ll fail upward, screaming ism all the way. That old saw about “you’re only cheating yourself” is bullhucky. These are the people who are going to be fixing our bridges and running our nuke plants.

          4. “The move came about after it was revealed that just 7% of D or F grades are handed out to white students, while 23% went to Native Americans, 23% of failing grades went to Hispanics and 20% went to black students.”

            What about those, “yella fellas?”

          5. These are the people who are going to be fixing our bridges and running our nuke plants.

            Nah, they’ll be in charge and they’ll hire competent “racists” to keep the lights on, like they do in South Africa. It’s already like this in most major cities. The political posts will go to the AA’s.

          1. Looks like a “run for the hills” month. Congrats by the way on your home sale! Sit on that cash while these debt donkey FBs overpay while trampling over one another with their chin diapers to buy a loan that will be sold off at the courthouse next year. Professor and others here say it well, “patience“

          2. would you consider renting while waiting for your ideal forever home to come available? Moving definitely sucks and even more if you have kids, toys, mountains of hoard like me and my fam. We still Havent unboxed everything but we are in a area we love, have plenty of space, and feel safe. Our monthly cost is 1/2 if not more than all the costs if we bought it. I would think you could find something similar. Check this one: https://www.trulia.com/p/ca/poway/14072-blue-ridge-trl-poway-ca-92064–2079558457

          3. We currently rent a 2,400sf 4bd/2.5ba for $2,975/mo, (granted it doesn’t have much of a yard for our son), so a 2,123sf 4bd/2ba for $4,750/mo isn’t worth the move (even though having that pool and yard would be nice!). A similar property two doors down is for sale but it backs up to Lake Poway Rd where people frequently park to avoid fees at Lake Poway. I’m also looking to keep our monthly mortgage, property tax, insurance, landscape and pool maintenance costs below $4,000/mo. We don’t have a deadline and time is on our side. When something suitable and desirable becomes available, we’ll move.

          4. Looks like a “run for the hills” month.

            Inventory is so low in 92064 that most single-story homes listed between $1-1.5M are selling above asking price. I hear the under $1M market is as well.

      1. Never saw the movies. Didn’t see the books. Assume it’s bad. Not a fan of the dystopia genre.

          1. You should have. The author’s father was a historian who was steeped in knowledge of why Rome fell. I would highly recommend the books, especially, but also the movies.

            Worth noting: the Thai people are finally rising up in protest against their corrupt monarchy, that has grotesquely enriched itself at the people’s expense. The mostly young demonstrators are holding up the three-finger salute from The Hunger Games. As our own oligarchy escalates its financial warfare against the 99%, it’s a gesture you might see come to America, one of these days, if the sheeple ever wake up from their coma.

          3. The mostly young demonstrators are holding up the three-finger salute from The Hunger Games.

            Gee, I always thought that was the scout sign

        2. Assume it’s bad.

          – There are (at least) three dystopian stories out there that fit the zeitgeist and state of America today:
          1984
          The Hunger Games
          The Matrix

          – If the shoe fits…

          “This is your last chance. After this, there is no turning back. You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes.” – Morpheus, The Matrix, 1999

          2. The Matrix

            Saw the first one. Maybe the second one. Definitely not the third one.

            1984

            Didn’t read that either. With all the comparisons made to it these days, I think I get the jist.

          3. The “jist” of 1984 is NOT ENOUGH. You HAVE to read the book. I am not joking on this. It is arguably the best book ever written.

          4. You HAVE to read the book.

            Just ordered it. Got time to kill while the kid is at ABA, OT and speech. Hubby’ll be glad I’m backing off data usage.

          7. Thank you for truly reading 1984. 😎 There is MUCH more in the book than just the Big Brother and memory hole stuff.

          8. Another book I think of as essential to understanding our current situation is “Obedience to Authority: An Experimental View” by Stanley Milgram. Academics particularly seem discomfited by this book.

          10. Milgram experiment

            Familiar with it as well. It didn’t surprise me one little bit. The first two decades of my professional career were with very prominent corporations. I made some abrupt career path changes at the point of “Milgram moments”. Those companies could have saved a lot of time and expense (theirs and mine) if they had this experiment be part of the hiring screening.

            The second half of the professional career, I screened them! It had a more harmonious outcome.

          11. I screened them!

            Interviewing is a two-way process. A relatively low debt burden and some AMF money have allowed me to stay clear of a few companies.

          12. Around the time the “Obedience to Authority” experiments were being done, many other researchers were trying to replicate the results, and they mostly seemed successful. There were many published comments I was able to somehow find in a pre-internet era. The oddest result (can’t find it on the internet at the moment) was along these lines. A naive reviewer of the experiment protocol might have guessed that at least a reasonable majority of the participants would have rushed out of the “lab” and gone to the local police to report the torture and possible death of some of the “subjects”. I certainly thought of that before I read more deeply into Milgram’s work. This actually happened – once – in the other material I read circa 1974. A woman was snookered into the experiment. Once she got to the button-pushing stage, she realized what was at stake and stopped participating. Not only that, she ran out of the building & went to the local police to file charges. The police knew nothing about what Milgram was doing, and they treated the complaint seriously. Shortly thereafter a cop showed up at Milgram’s lab to investigate. Milgram stopped everything and show the investigator the entire setup & how nothing was really wired to hurt anybody at all. He mollified the complainant with this disclosure & she dropped the charges. It turned out the woman was a survivor of a Nazi death camp. This event might not have happened at Milgram’s lab, but at another similar one in another country, I’m not sure.

          1. Read Animal Farm and Brave New World too, then compare. Two guys could see all of it coming, and millions of people, common trash like myself who are fortunate enough to be literate, understand and agree. Now what will we do about it?

          3. fortunate enough to be literate

            I’m not illiterate. Really. Perhaps these books have been memory-holed by our education system? 🤔

          4. Perhaps these books have been memory-holed by our education system? Over the years I have met many “educated” people, have mentioned Milgram, etc. to them and found almost none of them recognized / recalled / or were interested in “Obedience to Authority”.
            Here’s another bit of history the “educated” tend to be ignorant of, on 27 Oct 1962, a Soviet Vice-Admiral on board a nuclear-armed Soviet submarine under attack by US naval forces saved the world by not launching his nuclear torpedoes. This was not disclosed publicly until about 2002. Arthur Schlesinger Jr. afterward commented: “It was the most dangerous moment in human history.” Google/Wiki “Vasily Arkhipov” This day deserves to be remembered every year from now on.

    1. Everything about that “article” (it reads more like a list-icle that you’d see on Business Insider) looks like the “data” to compile that list is from before March 2020.

      This is the HBB. This is not the city-data forums.

  22. Libtards reaping what they voted: Minneapolis edition.

    https://minnesota.cbslocal.com/2020/10/19/8-north-minneapolis-residents-sue-city-for-lack-of-police-protection/

    MINNEAPOLIS (WCCO) — For several months, people who live in the Jordan neighborhood in north Minneapolis have been asking for more police protection. Cathy Spann is one of those residents.

    “Every single night on any block in this neighborhood you can hear gunshots!” Spann said. “Every single freaking night!”

    Spann and seven other residents have sued the city of Minneapolis, and they had their day in court Monday, where a judge heard their pleas for help. Attorney James Dickey is representing the residents.

    “We didn’t get anything we think from the city, and their affidavits they provided or today in court that would actually indicate that they have enough police on the force to keep Minneapolis safe, according to the city charter,” Dickey said.

  23. Kamala Harris has promised to move on gun control within 100 days of being elected. Her globalist handlers have undoubtedly handed her a list of “assault rifles” to ban. But her and her follow collectivists are on crack if they think Les Deplorables who are being threatened by the DNC’s Red Guards have any intention of surrendering their means of self-defense against the Bolsheviks’ BLM-Antifa-SJW rent-a-mobs and domestic terrorists.

    https://www.foxnews.com/us/new-hampshire-trump-2020-threatening-letters-arson

  25. Chris Stigall

    A hot mic moment between Joe Buck and Troy Aikman yesterday lamenting military fly-overs on

    @FOXSports
    .
    https://twitter.com/ChrisStigall/status/1318335391796219904

    NFL Announcers Mock Military Flyover – “Won’t Happen With Kamala/Biden Ticket”

    by Kelen McBreen
    October 20th 2020, 12:01 pm

    Before the kickoff between the NFL’s Tampa Bay Buccaneers and Green Bay Packers on Sunday, two Fox Sports announcers were caught on a hot mic mocking the traditional military flyover.

    “That’s a lot of jet fuel just to do a little flyover,” Aikman said after four A-10 aircraft flew overhead following the singing of the national anthem.

    “That’s your hard-earned money and your tax dollars at work,” Joe Buck added.

    In what many perceived to be an odd political endorsement, Aikman stated, “That stuff ain’t happening with Kamala-Biden ticket, I’ll tell you that right now, partner.”

    The misinformed sportscasters are apparently unaware that military flyovers are part of Air Force training exercises and therefore do not cost taxpayers.

    “The flyovers don’t cost the taxpayer since they’re part of training missions,” Air Force spokeswoman Jennifer Bentley said in 2018. “Sometimes a flyover involves 10 minutes of a 12-hour mission.”

    The flyovers are also a great recruiting tool for the U.S. military.

    Bently explained, “Flyovers are a way for the U.S. Air Force to showcase the capabilities of our aircraft while at the same time inspire a future generation. We are increasing the number of events eligible for support to assist with recruiting efforts and in telling the Air Force story.”

    Perhaps Buck and Aikman should stick to Joe Buck’s own advice and “stick to sports.”

    1. It just goes to show the contempt the NFL has for its fans.

      As its ratings continue to collapse, I wonder how long until they pull the plug on the season, “because Covid”.

      1. It seems these sports just roll along with no fans. Weird, right? I guess there was an NBA finals. I didn’t watch any of it. I kind of feel bad for the guys who aren’t woke but can’t say anything or they’ll get blackballed. Look at what happened to Drew Brees. Now everybody from both sides hates him.

      1. Not surprising considering the amount of money it takes to get a kid to pro sports. Libtarded parents super common in my kids’ sports programs.

  27. Trumpys on fire in Eerie PA tonite.🤣🤣🤣

    He’s got clips of ChinaJoe lying through his teeth on a huge screen set up at the rally site. It’s the biggest big screen I’ve ever seen.

    …. and then he begins the topic of “the laptop from hell”.🤣

      1. I sure hope so. But I’m not going to hold my breath. It seems no matter how overwhelming the evidence, nothing is ever done and China Joe just keeps on sh!tting his diaper with no repercussions.

  28. Oh dear…university administrators who went on a debt binge are now faced with having to pay the piper, as the middle-class students they planned on extracting money from are COVID no-shows.

    Empty Dorms Put Squeeze on Colleges to Bail Out Billions in Debt

    Empty dorms are putting pressure on U.S. colleges to help investors in the approximately $14 billion student housing debt market, adding to the strain on schools already reeling from the pandemic.

    West Virginia State University, already hit with a 10% enrollment drop, plans to give money to a school foundation so it can meet its bond covenants for residence hall debt. A community college in Ohio is using part of a $1.5 million donation for a financially-strapped student housing project. And officials at New Jersey City University, which serves largely first-generation and lower-income students and has recorded years of deficits, are prepared to shore up a dorm there.

    https://www.bloomberg.com/news/articles/2020-10-20/empty-dorms-put-squeeze-on-colleges-to-bail-out-billions-in-debt?srnd=premium&sref=ibr3A0ff

    1. UC Davis is building out a very large apartment complex just west of campus I wonder how that will turn out ?? 😂

    2. “as the middle-class students they planned on extracting money from are COVID no-shows.”

      What do you do your victims can’t come up with the extortion money?

      1. If the Dems get their way, you won’t be able to charge it overnight as there won’t be any coal fired power plants.

          1. Like I said, if the Dems get their way, there won’t be any coal (or nat gas) fired power plants anywhere in the country. We’ll be told that having electricity 24/7 was an unsustainable privilege.

      2. How many coal fired power plants does it take to charge that thing overnight?

        You can’t explain this to libtards. If you’re even able to break through where they understand that EVs rely upon fossil fuels, they’ll get angry and stomp around like a child.

  30. So this morning I ran across this proclamation from those World Economic Forum guys at Davos …

    “‘But we must rethink what we mean by ‘capital’ in its many iterations, whether financial, environmental, social, or human. Today’s consumers do not want more and better goods and services for a reasonable price. Rather, they increasingly expect companies to contribute to social welfare and the common good. There is both a fundamental need and an increasingly widespread demand for a new kind of “capitalism.’”

    So, how many of you consumers do not want more and better goods and services for a reasonable price?

    How to sustainably revive the economy after COVID-19 | World Economic Forum
    https://www.weforum.org/agenda/2020/10/coronavirus-covid19-recovery-capitalism-environment-economics-equality/

    1. Somebody, somewhere needs to drop a Daisy Cutter on the entire Davos crowd. Humankind would be much better for it.

    2. So, how many of you consumers do not want more and better goods and services for a reasonable price?

      It’s their way of telling us that our standard of living is going to be taking another huge hit.

      Rather, they increasingly expect companies to contribute to social welfare and the common good.

      Which means that poverty and homelessness will become even more widespread. It’s gonna be California everywhere.

  31. Archive dot is link to Washington Post — New homes on the range: Weary city dwellers escape to Montana, creating a property gold rush:

    “The state is changing so fast that even those who study rural migration patterns have no idea how long the madness will last — or how many people are even coming. This summer, Bozeman Yellowstone International Airport added five flights a day.

    What’s far clearer is that the infusion of wealth is creating tension; Bozeman is now a city of haves and have-nots, and it is breeding resentment.

    “It’s changing the whole basis of the state,’’ said Mike Garcia, owner of Northern Lights Trading Co. — River, Lakes and Oceans, an outdoor sports and recreation store. And it’s not for the better, he said.

    The city’s rental market has almost entirely evaporated, devoured by Airbnb.”

    http://archive.is/8aCqp

    1. You can run from the bubble but you cannot hide.

      Johnny on Granola Shotgun predicted this. The rich who flee places like SF would not be moving to Joliet. They would go to a few high-amenity places, making them unaffordable to the locals.

    2. “The newest migrants are different. They’re escaping fear, of the pandemic and of the social justice marches they believe are bringing violence to their door. Montana can bring them back in time.”

      LMFAO…what about diversity?

        1. Yup. Places like Billings and Missoula will grow by leaps and bounds with leftist newcomers. Eventually they will be numerous enough to take over, and the cycle will repeat.

  32. Yesterday was the drop-deadline date Nancy Pelosi set for a renewed stimulus package agreement before the election. Were the Democrat and Republican leaders inside the Beltway able to come to terms!?

    1. Economy
      Stimulus package is unlikely to get through Congress before the election, Goldman Sachs says
      Published Wed, Oct 21 2020 8:22 AM EDT
      Jeff Cox
      Key Points
      – Fiscal aid to those impacted by the coronavirus is unlikely to be adopted before Election Day, Goldman Sachs expects.
      – Though negotiations are continuing, the issues at hand appear too big to be resolved.
      – Should the talks fail, the fate of the aid likely will be determined by the election winner.

      Amid a continuing deadlock over the most important matters at hand, there’s little chance that Congress will pass economic stimulus before the Nov. 3 election, according to Goldman Sachs.

      The final vote between President Donald Trump and former Vice President Joe Biden is now less than two weeks away, and chief negotiators for their respective parties remain at an impasse over key matters such as aid to states and business liability protections.
      …

    2. It seems like the WH really wants a preelection stimulus deal at whatever cost, but the Senate not so much.

      How will the dominoes fall?

      1. Politics
        Donald Trump May Target Mitch McConnell, Senate GOP in Stimulus Blame Game if Push Fails
        By Jacob Jarvis
        On 10/21/20 at 5:44 AM EDT

        With Donald Trump’s push for a stimulus package facing questions from Senate Republicans, the president may be eyeing up points of blame should he fail to secure a relief deal prior to Election Day.

        While Democrats have long been a focal point of his ire, lawmakers in the GOP could also be a target should he want to deflect responsibility.

        Though Trump disagrees with House Speaker Nancy Pelosi (D-CA) on specific aspects of a deal, he is willing to spend higher amounts as she desires—insisting he would even top amounts she has requested. However, this has put him on a collision course with the Senate GOP, due to members being against what they deem to be excessive costs.

        Senate Majority Leader Mitch McConnell (R-KY) is reported to have warned the White House against securing a deal with the Democrats, as it could split the Republican ranks.

        Lawmakers going against Trump on such a major point prior to Election Day could put them in his firing line, should their actions result in a perceived failure for the president.

        “Presumably if a relief bill fails to pass and he is defeated by Biden, he can blame Senate Republicans and Democrats alike for hanging him out to dry,” Ruth Bloch Rubin, assistant professor in the University of Chicago’s department of political science, told Newsweek.

        “I suppose that if Trump manages to win reelection, but Republicans lose the Senate, he might be able to deflect some of the GOP’s unhappiness by making the argument that McConnell is to blame, for failing to make a deal with House Democrats, rather than acknowledge that many Republican senators were made vulnerable by his own unpopularity.

        Trump has long expressed his own desire for a deal to be done, voicing openness to spending more money or signing a series of smaller bills in a piecemeal fashion—consistently attempting to move the onus on to Democrats for the ongoing stalemate.

        Pelosi has in turn fired back against this, suggesting the president is not taking the situation seriously and insisting the contents of a bill—not the topline spend—are her priority.

        With the president potentially fighting a losing battle in securing the kind of package he wants, he may look to run damage control by finding somewhere else to position responsibility.

        “Trump is ready to blame Democrats and Republicans if the stimulus deal fails,” David McLennan, professor of political science at Meredith College, told Newsweek. He referred to Trump’s recent criticisms of senators such as Ben Sasse (R-NE) as evidence of his willingness to target those among his own party’s ranks.

        “In addition, he will also blame Democrats if they fail to compromise on the specific elements of the stimulus bill,” McLennan added.

        “Although Trump is a very difficult position on the stimulus, he will never take responsibility for its failure and full credit if the bill arrives on his desk.”
        …

  33. Precious metals are surging as the Fed and our profligate “representatives” prepare to take their orgy of money-printing and “stimulus” to insane new highs. I wish more states could drop sales taxes on purchases of gold and silver to enable their citizens to protect themselves against the Fed’s deranged money printing.

    https://www.kitco.com/market/

  34. ‘Remember in March when long lines of customers snaked around gun stores? UC Davis researchers have tried to put an exact number on how many Californians have bought a firearm as a result of the pandemic. They found that about 110,000 new firearms were purchased statewide through mid-July. They also found that many of the California buyers are new gun owners.’

    ‘KCRW: Who is buying these guns and why?’

    ‘Nicole Kravitz-Wirtz: “We’ve seen nationally that there’s been a spike in firearm purchasing during the pandemic nationally. It looks like about 2.1 million excess sales. And so we were interested in nailing that down for California. And as you’ve mentioned, we found that 110,000 Californians, current firearm owners, said that they have purchased a firearm in direct response to the pandemic. And that included roughly 47,000 new owners who may have little past experience or training with firearms.’

    ‘We asked respondents why they purchased firearms during the pandemic here. And those who did generally cited a perceived need for self protection that appears somewhat consistent with what some have described as the current president’s campaign strategy of selling fear. So two-thirds claimed worry about lawlessness, and closer to half cited worries about prisoner releases or the government going too far.”

    https://www.kcrw.com/news/shows/kcrw-features/gun-sales-increase-california-covid

    1. “And we also asked firearm owners who had purchased guns about changes in their firearm storage practices. And we found that an estimated 55,000 people who currently store at least one firearm loaded and not locked up — reported they adopted this unsecure storage practice in response to the pandemic.”

      I would really like to see just how this question was worded to get such a reply as “in response to the pandemic”. I can see how this gun issue would be related to the reports of civil unrest but I can not see how it is related to the pandemic, assuming this “pandemic” that is being mentioned is the Covid-19 pandemic.

      IMO this reporting sucks.

      1. KCRW: Who is buying these guns and why?

        Nicole Kravitz-Wirtz: “We’ve seen nationally that there’s been a spike in firearm purchasing during the pandemic nationally.

        “IMO this reporting sucks.”

        Nicole Kravitz-Wirtz Retweeted
        Democracy Now!
        @democracynow
        ·
        Jan 30, 2017
        Happening now: Medical students stage die-in outside
        @FoxNews
        in NYC protesting the repeal of the Affordable Care Act

        https://twitter.com/nkravitzwirtz?lang=en

      2. Here is some reporting that appears go get it right (as in there is no mention of the pandemic) …

        U.S. retailers secure stores as worries about election unrest mount | Reuters
        https://www.reuters.com/article/us-usa-election-retail-security-focus/u-s-retailers-secure-stores-as-worries-about-election-unrest-mount-idUSKBN27618Z

        (snip)

        As security experts warn that the U.S. presidential election could spark renewed civil unrest, those stores remain clad in plywood as retailers seek to keep property and employees safe in the event street violence flares anew.

        “You have to ask: ‘Do we want to be safe?’” said Andy, 50, the owner of Vickie’s Nail Salon. The Magnificent Mile shop was broken into and robbed during early morning mayhem that erupted after the police shooting of a young Black man in August.

        Andy, declining to provide his full name, has kept plywood on his windows ever since. He also puts a panel over the front door at closing time. “Let’s see how things turn out after the election. If we don’t feel it’s safe, then we’ll have to keep boarding up every night.”

        (snip)

        Retailers are on edge after raiders earlier this year smashed windows, stole merchandise and, at times, set stores ablaze in Chicago, New York, Los Angeles, Portland and other U.S. cities – often under the cover of peaceful Black Lives Matter demonstrations that were rekindled by the May 25 police killing of George Floyd, a Black man.

        Foot Locker FL.N in its quarterly report on Aug. 21, said it racked up $18 million in costs from “recent social unrest.” Looters target sneaker sellers like Foot Locker because their products are easy to carry away and turn into cash.

      3. that appears somewhat consistent with what some have described as the current president’s campaign strategy of selling fear.” Nothing to do with the riots …

        IMO this reporting sucks.’ yea it does I’ve noticed all reporting sucks these days

    2. that appears somewhat consistent with what some have described as the current president’s campaign strategy of selling fear

      Silly me, I thought it was in response to Burn, Loot, Murder.

      1. that appears somewhat consistent with what some have described as the current president’s campaign strategy of selling fear.

        Me too. That snip caught my eye as well.

    3. And those who did generally cited a perceived need for self protection that appears somewhat consistent with what some have described as the current president’s campaign strategy of selling fear.

      I was in CA. I even stopped by a shop ahead of the crowd in February only to find that the choices sucked and you needed a CA driver’s license. It wasn’t driven by the president. It was driven by fear of what was stirring just down the road…

      1. in CA

        My husband and SIL tried transferring his late brother’s guns this past weekend. The gun store turned them away without an appointment and is booked for the next two weeks.

          2. That’s the advantage of having a lot of old relatives in Wyoming. There are a lot of old guns floating around as people die that legally never existed. And old ones can be just as effective as new ones.

  38. This would screw with their selective biased editing.

    CBS Says If Trump Posts ‘60 Minutes’ Interview It Would Violate White House Agreement

    Andrew Solender
    Forbes Staff
    Business

    TOPLINE After President Trump threatened to post a ‘60 Minutes’ interview that he abruptly ended ahead of its scheduled airtime, CBS News told Forbes such a move would break an agreement the White House made in order to tape the interview.

    Trump also tweeted a video of Stahl interacting with several masked individuals, which he said was in the White House, without wearing a mask herself, but sources familiar with the interview told Forbes Stahl was interacting with CBS team members who had been tested beforehand, and that she wore a mask prior to the interview “as appropriate.”

    https://www.forbes.com/sites/andrewsolender/2020/10/20/cbs-says-if-trump-posts-60-minutes-interview-it-would-violate-white-house-agreement/

  39. Test

    ⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡿⠟⠛⠛⠛⠟⠟⠟⠿⠿⢿⢿⣿⣿⣿⣿⣿⣿⢿
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    ⣿⣿⣿⣿⢨⠠⡐⢈⠄⡅⠐⠨⢐⠁⠃⠔⠡⣂⢅⢊⠸⡐⠄⠁⢟⣿⣿⣷⣿⣿
    ⣿⣿⣿⢣⢑⡕⢄⠥⡡⢊⠌⣒⢔⡪⣖⢥⡣⣎⢞⢜⢜⢢⡁⠂⡈⣿⣿⣿⣟⣿
    ⣿⣿⡟⡼⡽⡮⡳⡡⢨⠱⠹⢰⠹⡚⡸⡘⡜⠜⡜⡜⡐⠡⡘⠐⣜⣽⣿⣿⣿⣿
    ⣿⣿⣏⡯⣯⢏⠪⡰⠔⡢⢡⢣⢕⣜⣼⣶⣮⡺⢐⠆⠅⠕⣌⠠⣯⢿⣿⢿⣿⣾
    ⣿⣿⣯⢯⢺⢪⢑⣀⣦⣾⣿⣿⠁⠙⡿⢿⠵⡛⣚⠶⢘⡢⡘⡆⣿⢟⡿⣿⣿⣿
    ⣿⣿⣿⣣⣷⡑⣼⡾⡺⣘⡬⢹⠠⠐⢀⠂⠉⠉⠄⠄⠅⢌⢊⢎⢧⡫⠣⡻⣿⣿
    ⣿⣿⣿⣷⣗⣗⢍⠊⠉⠁⠄⡷⡀⣀⢄⡑⠦⣆⣆⡢⡡⡊⢆⠕⠍⢞⢀⢯⣿⣿
    ⣿⣿⣿⣾⣗⣳⢕⢔⢐⢤⡳⡺⣿⣿⢟⠋⠈⠌⡛⣷⠳⡡⡑⢜⠌⠄⣊⣿⣿⣿
    ⣿⣿⣿⣿⣷⢝⢗⣝⢾⢏⣣⣱⣩⡽⠴⠖⡓⡚⠩⢃⠯⡪⢪⢪⢽⡪⣷⣿⣿⣿
    ⣿⣿⣿⣿⣿⣅⢕⢵⡑⡉⠏⢷⢵⡶⠶⠗⠭⠘⡈⢘⢞⢜⢵⣫⡚⡮⣾⣿⣿⣿
    ⣿⣿⣟⣿⣿⣿⣧⣻⣮⢮⡪⡀⠑⢔⢈⢄⡐⡀⠢⢅⢇⢧⢗⣗⢇⣿⣽⣾⣿⣿
    ⠿⠻⣛⡽⡽⢿⢻⣖⡽⣷⣘⢯⣦⡥⣟⣾⣾⣾⣽⣽⣯⣷⣻⣮⡳⣿⣿⣿⣿⣿
    ⡞⡯⡯⡿⣻⢵⣻⢿⣿⣾⣞⣮⣟⣿⣿⣿⣿⣾⣿⣿⣿⣯⣷⠟⠄⢿⣽⣻⡺⡽
    ⡣⡫⡪⡫⡺⣹⢞⣟⡿⣿⡪⡛⢞⢟⣿⣾⣿⣿⣻⣿⣽⠟⠁⠄⠄⢸⣿⣿⣿⣿

    ███╗░░░███╗░█████╗░░██████╗░░█████╗░
    ████╗░████║██╔══██╗██╔════╝░██╔══██╗
    ██╔████╔██║███████║██║░░██╗░███████║
    ██║╚██╔╝██║██╔══██║██║░░╚██╗██╔══██║
    ██║░╚═╝░██║██║░░██║╚██████╔╝██║░░██║
    ╚═╝░░░░░╚═╝╚═╝░░╚═╝░╚═════╝░╚═╝░░╚═╝

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