Political Division – Milwaukee County First http://milwaukeecountyfirst.com/ Tue, 10 May 2022 01:53:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://milwaukeecountyfirst.com/wp-content/uploads/2021/06/icon-7-1.png Political Division – Milwaukee County First http://milwaukeecountyfirst.com/ 32 32 Women’s rights and safety organizations condemn the targeting of trans women by political candidates https://milwaukeecountyfirst.com/womens-rights-and-safety-organizations-condemn-the-targeting-of-trans-women-by-political-candidates/ Tue, 10 May 2022 01:53:09 +0000 https://milwaukeecountyfirst.com/womens-rights-and-safety-organizations-condemn-the-targeting-of-trans-women-by-political-candidates/ More than fifty women’s safety and gender equity organizations have joined forces to speak out against the recent targeting of trans women during the federal election campaign. In a joint statementkey organizations have denounced the division caused by political candidates, such as Warringah Liberal candidate Katherine Deves, who have attacked the rights of trans women […]]]>

More than fifty women’s safety and gender equity organizations have joined forces to speak out against the recent targeting of trans women during the federal election campaign.

In a joint statementkey organizations have denounced the division caused by political candidates, such as Warringah Liberal candidate Katherine Deves, who have attacked the rights of trans women to participate in sports.

“In an attempt to gain prominence and attention, some political candidates are trying to foster division by attacking the rights of trans women to participate in sports as themselves,” the joint statement read.

“Across the country, community and professional sports have already welcomed trans women and girls onto their teams with proper guidelines to ensure an equitable course for everyone.

“Stirring up hostility, uncertainty and misunderstanding harms trans women and children, preventing their full contribution and participation in our communities. It takes us away from a community that values ​​inclusion, dignity and respect; a community where everyone can feel and be safe.

“As organizations advocating for gender equity and women’s safety, we denounce this attempt at division. We are united in our support for the inclusion, dignity and respect of all women.

Fair Agenda executive director Renee Carr said the fact that leading women’s rights and safety organizations have come together to speak out against these divisive attempts is a “pretty resounding condemnation of Scott Morrison’s priorities for women” this federal election.

“If politicians and candidates really care about women’s rights, they should focus on taking action for our safety – including funding expert-led violence prevention education in schools, reforming the harmful family law system and adequately funding the services needed to intervene with men who use violence, or on whom women rely for their safety and recovery,” Carr said.

Bonney Corbin, from the Australian Women’s Health Network, said women’s health, safety and empowerment were for all women, including trans women.

“Women across Australia suffer long-term health impacts, including disability, as a result of gender-based violence. In order to prevent gender-based violence, we need to address the drivers of violence and strengthen the factors such as gender stereotypes, racism, ableism and misogyny,” Corbin said.

Meanwhile, Danielle Warby, co-founder of Siren: A Collective of Women in Sport, said trans women in sport were not an issue raised by those concerned with building equality for women’s sport. .

“I could touch on dozens of issues that have a real impact on women’s participation and equality in sport – including the controversial awarding of sports grants under the Morrison government and the lack of due diligence towards women and girls in some elite sports programs. What’s not being raised with me? A desire to keep our trans friends and teammates out of our teams,” Warby said.

Emma Iwinska, from Ending Violence Against Women Queensland, said: “We are for everything women”.

“Women – whether we are trans or not – are victims of violence every day in this country. Trying to target trans women in sports because an election is on the horizon is not only hurting our communities, but it’s deliberate misdirection in relation to the issues so many women are facing right now.” said Iwinska.

“We need decisive action, not divisive rhetoric.”

Joint statement signatories include Full Stop Australia, End Rape on Campus Australia, Domestic Violence NSW, Ending Violence Against Women Queensland, Fair Agenda, Women’s Electoral Lobby, YWCA Australia, Equality Australia, Transcend Australia, Plan International Australia, Siren: A women in the sports collective, Human Rights Law Centre, National Council of Jewish Women Australia, Women with Disabilities Australia, Older Women’s Network NSW, Harmony Alliance and Transgender Victoria, and many more. You can see the full list here.

You can read the full joint statement and add your own support here.

The positions of the candidates on the security program proposed by the experts of this election are available on Fair Agenda at www.voteforsafety.com.au

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Four Republicans vying for Crawford County sheriff’s seat https://milwaukeecountyfirst.com/four-republicans-vying-for-crawford-county-sheriffs-seat/ Sun, 08 May 2022 06:06:44 +0000 https://milwaukeecountyfirst.com/four-republicans-vying-for-crawford-county-sheriffs-seat/ Daniel Perry (R) Age: 55. Residence: Van Buren; has lived in Crawford County since 1992. Occupation: Captain of the Van Buren Police Department Patrol Division; co-owner of Attic Treasures in Van Buren. Education: Magnolia High School. Attended Southern Arkansas University and Westark Community College (now University of Arkansas-Fort Smith). Political experience: Justice of the Peace […]]]>

Daniel Perry (R)

Age: 55.

Residence: Van Buren; has lived in Crawford County since 1992.

Occupation: Captain of the Van Buren Police Department Patrol Division; co-owner of Attic Treasures in Van Buren.

Education: Magnolia High School. Attended Southern Arkansas University and Westark Community College (now University of Arkansas-Fort Smith).

Political experience: Justice of the Peace for Crawford County District 9 since January 1, 2018.

Shannon Gregory (R)

Age: 47.

Residence: north of Alma; permanent resident of Crawford County.

Occupation: Police Chief Mulberry.

Education: Alma High School.

Political experience: Nothing.

Wayne Sandusky (R)

Age: 64.

Residence: North of Rudy; has lived in Crawford County since 2012.

Occupation: Estimator and Project Manager, Harris United; part-time patrolman, Cedarville Police Department.

Education: Rivercrest High School. Attended Westark Community College (now University of Arkansas-Fort Smith).

Political experience: Dyess City Council for about six months in 1979; moved before the end of the mandate.

James Mirus (R)

Age: 33.

Residence: Mountainburg area; permanent resident of Crawford County.

Occupation: Chief Deputy, Crawford County Sheriff’s Office.

Education: Mountainburg High School. Attended the University of Arkansas-Fort Smith.

Political experience: Nothing.

VAN BUREN — Residents of Crawford County will have the opportunity to choose one of four Republicans with law enforcement experience to serve as sheriff for the next four years.

Daniel Perry, Shannon Gregory, Wayne Sandusky and James Mirus are vying for the position in the May 24 Republican primary election.

No candidate from another political party showed up to run for the seat, according to the Crawford County Clerk’s Office.

Outgoing Sheriff Jim Damante was appointed Sheriff in 2021 to serve the remainder of Ron Brown’s four-year term. Brown retired that year. Damante is ineligible for re-election under state law.

Perry said he was captain of the Van Buren Police Department’s Patrol Division. He served in the department for nearly 27 years, including 20 years in criminal investigations, nearly five years in narcotics with the 12th and 21st District Drug Task Forces, and two years in administration on patrol. Perry’s 32 years in law enforcement also includes time with the Internet Crimes Against Children Task Force, Child Abduction Response Team, and Department font font.

Perry argued that he was the most qualified candidate for the position of sheriff given the number of areas he worked in law enforcement and the length of his service in the field. He also pointed to his experience as a justice of the peace on the Quorum Court and running his own business as qualifications, saying the sheriff’s office should be run the same way as a business.

Perry thinks residents want to see sheriff’s office deputies in their communities and are tired of the county’s “drug problem,” which includes methamphetamine and the opioids heroin and fentanyl.

Perry said if elected, he would keep an employee on the 12th and 21st District drug task force and possibly consider getting a police dog for the department if the money was available. He also wants to establish a group of community leaders in the county who would meet regularly to discuss the issues of these communities with him.

Gregory said he has been Mulberry’s police chief since January 1, 2013. His career in law enforcement began in 1993, when he worked as a dispatcher for the Alma Police Department and the Arkansas State Police before joining the Crawford County Sheriff’s Office in 1996. Once there, Gregory started in dispatch, went on patrol and worked his way up to become a patrol sergeant . Although he took a job in the oil field in 2006, he remained on reserve with the sheriff’s office and returned in 2010, as a patrol deputy.

Gregory said he worked for four Crawford County sheriffs in his life, learning a lot from each. Besides being a “good enough” leader, his experience working in the sheriff’s office gave him the knowledge to understand how to effectively carry out departmental responsibilities, such as patrolling the county.

Gregory said the lack of MPs seen is one of the main issues residents have brought to his attention. If elected, its deputies should understand that people in the north of the county deserve to see them as much as those in the south. Effective patrols would also help to significantly slow drug trafficking in the county, which would help reduce the rate of other offenses.

Improving retention at the sheriff’s office will help put more deputies on the road, facilitating more effective patrols, according to Gregory. He intends to look at ways to improve the benefits of MPs to make this happen.

“I’ve spoken to all three county judge candidates, and one of the ways we’re looking at doing that is to try to find better family insurance,” Gregory said.

Sandusky said he is an estimator and project manager for Harris United, as well as a part-time patrol officer for the Cedarville Police Department. He was employed by the Fort Smith Police Department from 1982 to 1990, serving as a patrolman and field training officer, as well as a member of the SWAT team and honor guard. He worked for the Orange County Sheriff’s Office in Orlando, Florida from 1990 to 1995, starting as a highway deputy before being promoted to the criminal investigations division.

Sandusky said working for the Orange County Sheriff’s Office brought significant experience due to the size of the department and the county’s population. Sandusky’s time in construction gave him experience managing multiple projects simultaneously with multi-million dollar budgets, which he says gave him the skills to run the sheriff’s office.

Sandusky said residents told him they wanted an improvement to keep the jail operational and safe. They also want to be treated with more respect from the sheriff’s office.

Sandusky said if elected, he would work to foster camaraderie and respect between the sheriff’s office administration and its employees, including deputies and office and jail staff.

“For years I was a patrol officer and a deputy, and if you don’t have the support of your superiors, you just don’t have the incentive to go out and work the way you should,” said Sandusky said.

Regarding the county’s drug problem, Sandusky said he hopes to roll out a “intellectual policing program” that allows the sheriff’s office to keep track of where calls for service originate. This would help him determine where the main problems lie and where MPs need to patrol.

Mirus said he was the chief deputy of the Crawford County Sheriff’s Office. He has worked in all divisions since joining the department in November 2010, with his paid positions beginning at dispatch and including the patrol division ranks up to patrol and communications captain. There was also a time when Mirus was a “captain of everything” in the absence of another captain. Mirus is also the captain of the county’s District 3 Volunteer Fire Department.

Mirus said he felt his experience managing the sheriff’s office budget and being part of and managing every division of the department made him the most qualified candidate, as well as his knowledge of interviewing. and prison operations. He argued that all of this would allow him to not need to spend time learning or depending on someone else to teach him how the department should be or should be run.

Early voting for the Republican primary election begins Monday, according to the Arkansas Secretary of State’s website.

The position of sheriff comes with an annual salary of $63,878, according to the County Clerk’s Office.

Daniel Perry
photo Wayne Sandusky
photo James Mirus
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Former Neenah mayor speaks out about political division and pays tribute to his supporters https://milwaukeecountyfirst.com/former-neenah-mayor-speaks-out-about-political-division-and-pays-tribute-to-his-supporters/ Fri, 06 May 2022 01:06:00 +0000 https://milwaukeecountyfirst.com/former-neenah-mayor-speaks-out-about-political-division-and-pays-tribute-to-his-supporters/ NEENAH, Wis. (WBAY) – After 35 years of public service, former Neenah mayor Dean Kaufert said a lot has changed in politics since he first ran for office. He thinks about it as he prepares for the next chapter. At the site of the newly built Gateway Plaza in downtown Neenah, Kaufert held a community […]]]>

NEENAH, Wis. (WBAY) – After 35 years of public service, former Neenah mayor Dean Kaufert said a lot has changed in politics since he first ran for office.

He thinks about it as he prepares for the next chapter.

At the site of the newly built Gateway Plaza in downtown Neenah, Kaufert held a community event Thursday night to thank his supporters just twelve days after ending a political career that began in 1985 when he won a seat to the city council.

Kaufert said, “It was wonderful. You know, at an early age, 14, 15, I felt that public service was kind of a calling.

After five years as an alderman, Kaufert won a seat in the state assembly, serving 24 years in Madison before returning to Neenah and becoming mayor.

During that time, he fought to keep hundreds of jobs at the Kimberly Clark-Cold Spring plant, but a few other things also stand out.

“The thing I look back on, the Trestle Trail, of course had a huge positive impact on the city. Keeping Theda Clark Hospital here is the only thing I’m going to look back on and say you know what I’m pretty proud of because they had one foot out there,” Kaufert said.

There are plenty of politicians deciding to retire right now and Kaufert isn’t surprised, given that the political climate has changed quite a bit in the 35 years since he took office.

“I think it may have played a small role even in mine,” he said, adding, “The meanness of the subjects and the people are not, some people have very strong opinions and so I see division and dividing even more.”

For now, Kaufert plans to enjoy the break although he does not rule out a return to politics.

“I’m going to catch my breath. These twelve days of retreat have already taught me that I was running instead of walking and now I walk and am a little more measured. I have fun.”

Copyright 2022 WBAY. All rights reserved.

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We live in Kim Kardashian’s world and it’s YOUR fault: MEGHAN MCCAIN https://milwaukeecountyfirst.com/we-live-in-kim-kardashians-world-and-its-your-fault-meghan-mccain/ Wed, 04 May 2022 13:53:06 +0000 https://milwaukeecountyfirst.com/we-live-in-kim-kardashians-world-and-its-your-fault-meghan-mccain/ Almost every hour of every day in American popular culture is filled with real-time updates on the Kardashian family. Who is dating who, whose marriage has broken down, who is being sued. Fashion, plastic surgery, new reality shows, old reality shows, Kanye West social media meltdowns, kids, more kids, momager, makeup lines, shapewear lines, l […]]]>

Almost every hour of every day in American popular culture is filled with real-time updates on the Kardashian family.

Who is dating who, whose marriage has broken down, who is being sued.

Fashion, plastic surgery, new reality shows, old reality shows, Kanye West social media meltdowns, kids, more kids, momager, makeup lines, shapewear lines, l activism, cheating scandals.

It’s everything you could imagine in an actual soap opera that we as a country have all been experiencing for almost 20 years.

The Kardashians have become as ubiquitous in America as hot dogs, fireworks, the White House and political division.

Love them or hate them, you can’t guess their impact and the complete and utter saturation of our media.

Unfortunately, I have bad news for anyone who is tired of hearing and reading about this family: they are here to tell.

They have survived, thrived, and reinvented themselves in an era when so many icons, pop culture personalities, artists, musicians, actors, and more. were unable to.

Kim Kardashian attends the 2022 White House Correspondents' Association Dinner on April 30, 2022 in Washington, DC

On Saturday night, I witnessed firsthand a room full of Kim and Pete-obsessed politicians, celebrities, journalists, and analysts. The Kardashian family went on, just two days later, to entirely own the annual fashion extravaganza at the annual Met Gala at the Metropolitan Museum of Art in New York City. (Left) Kim Kardashian attends the 2022 Met Gala Celebration on May 2, 2022 in New York City. (Right) Kim Kardashian attends the 2022 White House Correspondents’ Association Dinner on April 30, 2022 in Washington, DC

There have been many famous and popular reality TV stars and families – Paris Hilton, the cast of The Jersey Shore, the Osbourne family, and none of them have been able to withstand the ever-changing times while like the Kardashian family.

Kim herself has become the Elizabeth Taylor of this generation and remains the nucleus around which the rest of the family’s fame and power emerge.

She is known for her beauty, her fashion, her diamonds and of course, her marriages and her messy personal life.

She’s the modern reality TV star’s version of an icon from the past.

It’s just been reformatted for our more vulgar, online, over-shared culture that the Kardashians helped shape.

I thought that in a post-Covid pandemic atmosphere the American appetite for this family was likely to diminish.

Their era of excess, oversharing and frivolity does not necessarily correspond to this period of extreme inflation, fears of World War III, threats of food shortages and troubling civil and political divisions.

What the family sells is neither comparable nor in step with the more modest and tasteful displays of wealth of other members of the ruling class, who are more than aware of the growing anger and resentment over the economic disparity between the rich and the poor, as the middle class of this country is threatened with near extinction.

And yet, the royal family of reality TV continues its reign.

Kim Kardashian (right) and Pete Davidson (center) were seen rubbing shoulders with Martha Stewart (left) at the White House Correspondents' Association dinner

Kim Kardashian (right) and Pete Davidson (center) were seen rubbing shoulders with Martha Stewart (left) at the White House Correspondents’ Association dinner

Kim and her comedian boyfriend Pete Davidson or “KETE” as they are known, took over the White House Correspondents’ Dinner last weekend.

Who received the greatest response upon entering the room, you might ask?

It wasn’t Trevor Noah, it wasn’t Dr. Biden, heck, it wasn’t even POTUS.

On Saturday night, I witnessed firsthand a room full of Kim and Pete-obsessed politicians, celebrities, journalists, and analysts.

CBS News’ Gayle King even left the script during her speech to talk about how she and actress Drew Barrymore were kicked off the red carpet because the press was upset about KETE’s arrival.

She later went back to have her picture taken when they were gone.

Let me say it again, the much-loved CBS This Morning presenter and Oprah’s BFF was chased off the red carpet by the arrival of Kim Kardashian and her boyfriend and she seemed flattered to have even been in their presence.

Kim and Pete were mobbed and a room full of award-winning and respected reporters from every outlet that covers the White House were completely and utterly shameless about it.

Kim and Pete completely overshadowed every other famous, notable, and powerful person in the room, including our first family.

The Kardashian family also went on to take full ownership of the annual fashion extravaganza two days later at the annual Met Gala at the Metropolitan Museum of Art in New York.

For the first time in the gala’s history, the whole family was invited and made their red carpet debut.

People had a lot to say about all of their outfits, but especially the historic Marilyn Monroe dress that Kim was on loan from Ripley’s Believe it Or Not Museum.

Kim and her dress dominated the headlines.

Do you remember anything else that happened at this gala?

It just happened and I don’t.

People had a lot to say about all of their outfits, but especially the historic Marilyn Monroe dress (above Kardashian in Monroe dress) that Kim was on loan from Ripley's Believe it Or Not Museum.

People had a lot to say about all of their outfits, but especially the historic Marilyn Monroe dress (above Kardashian in Monroe dress) that Kim was on loan from Ripley’s Believe it Or Not Museum.

CBS News' Gayle King even left the script during her speech to talk about how she and actress Drew Barrymore were kicked off the red carpet because the press was upset about KETE's arrival.  (Above) Kardashian and Davidson on the red carpet at the White House Correspondents' Dinner

CBS News’ Gayle King even left the script during her speech to talk about how she and actress Drew Barrymore were kicked off the red carpet because the press was upset about KETE’s arrival. (Above) Kardashian and Davidson on the red carpet at the White House Correspondents’ Dinner

They are everywhere, everywhere, all the time. Why?

Let me remind you again – it’s because of you.

They maintain a symbiotic relationship with the press and the American public.

They provide it and you consume it.

Every outfit, tweet, Instagram post, click, sighting, information leak.

Americans are addicted to the Kardashian family and are always waiting for their next dopamine hit to be dispensed by every member of the family.

So, for those of you complaining about not going away — guess what my friends: you are to blame.

You read the stories about them, you watch their show, you buy their products and you imitate their appearance.

For this reason, we all live in a Kardashian world.

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Red Action, Blue Action — MAGA Republicans and Liberal Democrats Bring Politics to Wall Street https://milwaukeecountyfirst.com/red-action-blue-action-maga-republicans-and-liberal-democrats-bring-politics-to-wall-street/ Mon, 02 May 2022 20:21:00 +0000 https://milwaukeecountyfirst.com/red-action-blue-action-maga-republicans-and-liberal-democrats-bring-politics-to-wall-street/ Are Republican Investment Advisors Outperforming Democrats? Given the intensity of U.S. polarization, it was perhaps inevitable that partisanship would creep into the arena of investment advice. And it most certainly is. Numerous studies have confirmed that Republican advisers tend to invest more in companies led by Republican-friendly CEOs, for example, just as Democratic advisers invest […]]]>

Are Republican Investment Advisors Outperforming Democrats?

Given the intensity of U.S. polarization, it was perhaps inevitable that partisanship would creep into the arena of investment advice. And it most certainly is. Numerous studies have confirmed that Republican advisers tend to invest more in companies led by Republican-friendly CEOs, for example, just as Democratic advisers invest more in Democratic-leaning companies.

But do these differences lead to a difference in performance?

A good starting point to answer this question is with two exchange-traded funds that were created around the time of the 2020 US presidential election: The American Conservative Values ​​ACVF ETF,
+0.60%
and the Democratic Large Cap Core ETF DEMZ,
+0.16%.
Since November 7, 2020, the earliest date for which FactSet has performance data for both ETFs, ACVF has produced an annualized return of 14.4%, while DEMZ has produced an annualized return of 14.2%. (See chart below; data through April 29.)

Given the variability of their returns, these two ETFs are at a statistical dead end.

I have not included in the chart another ETF that focuses on Republican themes: Point Bridge GOP Stock Tracker MAGA,
+0.07%.
It is older than these two new ETFs, having launched in September 2017. There is no corresponding Democratic-leaning ETF that was launched around the same time, so there is no comparison direct. From its inception through April 29, MAGA rose 11.9% annualized, lagging the S&P 500 comparable return of 13.7%.

Investment and politics don’t mix

We shouldn’t be surprised by these results, as they’re consistent with what researchers have found over the years. Consider a study that appeared in the August 2020 issue of the Journal of Quantitative and Financial Analysis, titled “Partisan bias in fund portfolios.” It was led by Dr. Babajide Wintoki from the University of Kansas and Yaoyi Xi from San Diego State University. They found that although “fund managers are more likely to allocate assets to firms managed by executives and directors with whom they share a similar partisan political affiliation, … this bias is not associated to an improvement in the performance of the funds”.

Another major study appeared ten years ago in the Journal of Financial Economics, titled “Red and Blue Investing: Stocks and Finance.” It was led by Harrison Hong of Princeton University and Leonard Kostovetsky of the University of Rochester. They divided US equity mutual fund managers into two groups based on their contributions to federal election candidates. A manager was considered Democratic-leaned if he made significantly more contributions to Democratic candidates, and Republican-leaned if he leaned towards Republican candidates. (Researchers ignored mutual fund managers who made no contribution to either party for the purposes of their comparison.)

Although they found significant differences in the stocks held by Democratic and Republican-leaning managers, the researchers found that “the overall performance of Democratic and Republican managers did not differ significantly.”

A similar result was reached in a 2017 study in the Journal of Banking and Finance, titled “Hedge fund policy and portfolios.” Its authors were Luke Devault of Clemson University and Richard Sias of the University of Arizona. They used a methodology similar to that of Hong and Kostovetsky, classifying a hedge fund manager as Democratic (or Republican)-leaning if it made significantly more contributions to Democratic (or Republican) candidates.

As was the case with mutual funds, the portfolio of the average hedge fund run by a Democratic-leaning party was significantly different from that of the average hedge fund run by Republicans. Despite these differences, Sias, in an interview, said he and his co-author found no significant differences in the performance of Democratic and Republican hedge fund managers.

Profit over partisanship

These results make sense. If the stock-picking criteria used by Democratic managers actually led to beating the market, Republican managers would waste no time applying those criteria themselves, and vice versa.

In other words, profits trump partisanship. Wall Street fund managers are some of the most competitive people on the planet, going to great lengths to gain a few basis points advantage over their competitors. There is no doubt that they would willingly sacrifice their political biases if it helped them emerge victorious in the performance contest.

This is one of the reasons why betting markets are generally more reliable than opinion polls. Talking is cheap. But when our money is at stake, we tend to become less partisan and more objective.

One investment implication you might draw from these studies is that it’s okay to align your portfolio with your political affiliation, as it shouldn’t cause your portfolio to underperform. In other words, you don’t have to invest in companies or funds whose policies you find particularly distasteful in order to perform as well as companies or funds you find distasteful.

This implication might go too far. The studies cited above are based on the averages of many different funds, and there is wide variation between the results of individual funds. There is no guarantee that, in your personal situation, aligning your portfolio with your political beliefs will not lead to underperformance, as has been the case with the MAGA ETF, for example.

In any case, the strongest investment implication I draw from these studies is that you are on shaky ground if you believe that investing in companies whose policies match yours leads to beating the market.

Mark Hulbert is a regular MarketWatch contributor. His Hulbert Ratings tracks investment newsletters that pay a fixed fee to be audited. He can be reached at mark@hulbertratings.com

After: “It’s a MAGA-hat wearing a Republican, and I’m pretty liberal.” This worries me: shouldn’t my financial adviser have similar beliefs to mine?

More: These competing Republican and Democratic ETFs are surprisingly bipartisan in their stock holdings

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Bonds suddenly get the love of recession-hedging investors https://milwaukeecountyfirst.com/bonds-suddenly-get-the-love-of-recession-hedging-investors/ Sat, 30 Apr 2022 16:28:20 +0000 https://milwaukeecountyfirst.com/bonds-suddenly-get-the-love-of-recession-hedging-investors/ (Bloomberg) – Investors plagued by fear and avoidance of equities are rediscovering an age-old antidote: US government bonds. Bloomberg’s Most Read That might come as a surprise, given that the Treasury market has been battered by its worst losses on record this year. But with yields still at their highest in years, the Federal Reserve […]]]>

(Bloomberg) – Investors plagued by fear and avoidance of equities are rediscovering an age-old antidote: US government bonds.

Bloomberg’s Most Read

That might come as a surprise, given that the Treasury market has been battered by its worst losses on record this year. But with yields still at their highest in years, the Federal Reserve is on track to raise interest rates aggressively in the face of soaring inflation and collapsing growth overseas. , liquidity is returning as investors seek protection against downside risk to the economy. into a recession – dragging the stock market lower with it.

In April, as the S&P 500 entered its worst month since the Covid crash in March 2020, investors withdrew $27 billion from the largest equity-focused exchange-traded funds, according to data compiled by Bloomberg. At the same time, they invested $6 billion in comparable government bonds. The spread between the two hasn’t tipped all that much in favor of bonds since at least 2017.

“Fixed income has been unpopular, but yields are at their most attractive levels for some time,” said Chris Iggo, chief investment officer of core investments at AXA Investment Managers. He advised clients to build a “hedge against what could still be a bigger reaction in equity markets if growth starts to falter in 2023”.

The inflow into government bond funds comes after bouts of selling pushed yields back to more normal levels, giving investors a reason to buy again. The two-year Treasury bill rate hit nearly 2.8% on April 22 and ended Friday not far below that level. A year ago, when the Fed was still flooding the markets with liquidity, it was just 0.10%.

The magnitude and speed of this increase may mean that the market’s worst losses are behind it. Even though the US central bank is poised to continue raising interest rates – including at its May 4 meeting – policymakers will be careful not to derail the economic recovery. On Friday, traders expected the Fed’s target rate to peak at around 3.35% next year, well below where it ended every modern hike cycle until 2018.

“In a scenario where the Fed does even more than that, the market is likely to assume an even bigger slowdown in growth, which means rates won’t necessarily rise much more,” said strategist Andrew Sheets. multi-asset chief of Morgan Stanley. in an interview.

This, indeed, can help limit the magnitude of bond returns. Yields rose across the board on Friday after a spike in employment costs stoked inflation concerns. But they remain below the peaks observed in April.

“There has been a strong revaluation of bonds,” said Pascal Blanque, president of the Amundi Institute, in an interview. “It should remain on pause or even pull back as the central bank delivers less than needed, feared or valued in the market. This makes US fixed income attractive again.

Amundi is among those taking a less bearish stance on government bonds, along with Jefferies International and Morgan Stanley. While few are enthusiastic bulls, there is less outright debt aversion, in part because higher yields have changed the calculus. At nearly 3%, for example, the 10-year Treasury yield has outpaced the S&P 500’s 12-month forward dividend the most since 2011.

BlackRock Inc. has been warning since December that bonds are heading for a second straight year of losses in 2022. But Laura Cooper, senior investment strategist at BlackRock, said bonds could start to look more attractive as protection against losses in d other corners of the financial markets.

“We ask the question, are bonds now a hedge for risky assets in portfolios?” Cooper said in an interview with Bloomberg TV this week. “We haven’t really seen that in the last two years thanks to Covid. Are yields sufficiently attractive at the current level? Maybe not yet. But it’s definitely something we’re watching.

The shift to bonds and equities underscores growing doubts about the Fed’s ability to avoid triggering a recession. In the early 1980s, the last time inflation was as high as it is today, tightening monetary policy by the Fed led to severe economic contractions. The recessions that started in 1990, 2001 and 2007 all followed Fed rate hikes as well.

“This is a flight to safety trading, as it is one of the most aggressive rotations in government bond ETFs we have seen,” said ETF analyst Athanasios Psarofagis. at Bloomberg Intelligence. “Equity ETFs don’t historically see outflows, which says a lot about the bearish sentiment in the market right now.”

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Tallahassee Update, Banned Books, Teacher Salary and “O, Miami” Poetry https://milwaukeecountyfirst.com/tallahassee-update-banned-books-teacher-salary-and-o-miami-poetry/ Wed, 27 Apr 2022 20:19:00 +0000 https://milwaukeecountyfirst.com/tallahassee-update-banned-books-teacher-salary-and-o-miami-poetry/ Tuesday, April 26, edition of Sundial: How what’s happening in Tallahassee could affect you Lawmakers have been doing a lot lately in Tallahassee — and what they voted on could affect Floridians across the state. There’s the governor’s fight with Disney, the redrawing of maps, even a new election police. As the pandemic continues, you […]]]>

Tuesday, April 26, edition of Sundial:

How what’s happening in Tallahassee could affect you

Lawmakers have been doing a lot lately in Tallahassee — and what they voted on could affect Floridians across the state.

There’s the governor’s fight with Disney, the redrawing of maps, even a new election police.

As the pandemic continues, you can count on WLRN to keep you up to date with local news and information. Your support is what keeps WLRN strong. Please become a member today. To give now. Thank you.

the POLITICS journalist covering politics and politics, Gary Finoutjoined Sundial to bring more context to some of the issues that will ripple through lawmakers and affect everyday people.

He had this to say about the recent Democratic protests in the House during the vote on state redistricting maps:

“They stayed there for about an hour. And then, all of a sudden, the Republicans all came back. And basically, [Speaker of the House Chris] Sprows said, you know, we’re going to do our job and we’re not going to let you interrupt us… he fired them and they basically voted,” Fineout explained. “And then they approved the two Disney bills without debate as the protest continued. It’s something I’ve never seen. And I’ve been covering Tallahassee and its sessions since the 90s.”

Democrats were protesting the cards because of what they were doing to “minority access districts.” The maps, now enacted, change the configuration of two seats currently held by black Democrats, changing how voting in those areas will take place in the future.

Regarding the broader political division in the state right now, Fineout described a climate that is being impacted by the upcoming midterm elections, and even the 2024 presidential elections:

“It’s going to be tough running for office in Florida if you’re seen as an opponent of the governor,” he said. “It started in COVID and it continued as he dealt with culture war issues. Governor DeSantis is now, he’s a force and he’s a rising star, a potential 2024 presidential candidate. And you don’t have any Republicans who at this point over time are willing to cross him.”

How what’s happening in Tallahassee could affect you

Forbidden books and teachers’ salaries

Broward County voters will decide approve millions of dollars for the school district. The money would be used to hire more security, more mental health specialists and help teachers.

The vote is coming up in August and it would increase the amount of taxes homeowners pay.

Without the money, the district fears more teachers will leave the area, where schools already face a growing shortage.

“Our student allowance is still one of the lowest in the country,” said Anna Fusco, president of the Broward Teachers Union. “We need resources, we need a lot of components…there’s such an increase in everything, but salaries aren’t increasing.”

Fusco also joined Sundial to talk about the Florida Department of Education reject dozens of math books, citing critical race theory.

Forbidden books and teachers’ salaries

Classroom

Poetry “O, Miami”

Have you noticed any additional poems lately? Maybe on your commute, on school fences, at ice cream shops… you might have noticed a haiku or two decorating your favorite public space.

OM-ZipOdes-Poems-Social-2019-Week1-10.png

That’s because April has become synonymous with poetry in Miami.

The directory O, Miami Poetry Festival takes place all month with events in physical and virtual spaces designed to bring people together.

WLRN and O Miami have once again brought back the “ode to your zip code” or zip odes as we like to call them. These are poems designed around your neighborhood, and the lines are determined by the numbers in your zip code.

The Zip Odes final will take place on Wednesday. You can participate on facebook live or Youtube from 19h

O Miami founder Scott Cunningham joined Sundial to talk poetry.

o_miami.jpg

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The funniest tweets about Elon Musk buying Twitter https://milwaukeecountyfirst.com/the-funniest-tweets-about-elon-musk-buying-twitter/ Mon, 25 Apr 2022 21:45:00 +0000 https://milwaukeecountyfirst.com/the-funniest-tweets-about-elon-musk-buying-twitter/ Have you heard of this guy Elon Musk? Well, he just bought an app. Mad. Musk, a billionaire who works in cars and space but mainly works in memes, is set to be the new owner of Twitter after his $44 billion takeover bid was accepted by the company board today. Twitter is a popular […]]]>

Have you heard of this guy Elon Musk? Well, he just bought an app. Mad.

Musk, a billionaire who works in cars and space but mainly works in memes, is set to be the new owner of Twitter after his $44 billion takeover bid was accepted by the company board today. Twitter is a popular social media app that a small portion of the population uses, but somehow has the power to disrupt our entire global socio-political system (along with its Facebook buddies, of course). Musk, a prominent app user who likes to tweet jokes that have already been tweeted by millions of college kids while complaining about “waking up,” has been trying to take over Twitter for three weeks. Given how lax Twitter has been in patrolling hate speech, political extremism, and outright lies about our government (including, of course, the 2020 election), many are concerned about what Musk, who says he’s buying Twitter to protect free speech, will do to stop misinformation and propaganda from being spread on Twitter. Does the embarrassment of Georgia’s unbalanced Congress Marjorie Taylor Greene, which called on Trump staff to enforce ‘Marshall Law’ to void the election through Jan. 17, 2021, will she be able to share her blatant lies and nonsense on Twitter again? Trump, who was eventually banned after leaving the White House, and after multiple violations of Twitter’s terms of service, will he return to the app where he once bleated as a child dozens of times a day? (Trump has already said he won’t return to Twitter even if Musk invites him to, but his own social media app, Truth Social, is such a disaster that it’s only a matter of time before Trump don’t throw it away and pretend it never existed. ) Does it matter that these two, or other far-right extremists who have been banned by Twitter, start using the app again, when there are still countless accounts and bots spreading the same kind of bullshit they would post on Twitter? Not really.

Some are celebrating Musk’s potential ownership on Twitter. Others are mourning the death of an app they have deeply mixed feelings about – an app that has allowed them to create and find communities of like-minded people, build lasting personal and professional relationships, but which has also been plagued by hate and harassment, a main driver of the extreme political division we see today, and is also very bad for mental health. You really have to rely on the bad actors on Twitter and the incompetence of the people running the joint; something that’s been responsible for so many jobs, friendships, and romances probably shouldn’t have such a toxic global reputation.

Twitter has also been crucial for comedy, both for people who do comedy and for those who just want a laugh. God knows how important that comedy section was; we haven’t been using them too much lately, but there have been months where hastily-gathered tweet galleries made up most of our traffic. (Well, with our hastily put together streaming comedy lists.) Today’s news that Twitter is acquiescing to Musk’s takeover bids was the subject of probably 75% of the tweets I read. I’ve seen today, from serious explanations of why this is concerning, to people claiming they’re going to quit the service, to (mostly) really good jokes about how stupid and shitty it all is. Let’s look at the funniest of these tweets, collected here for easy consumption. Who knows, with the notoriously prickly Musk taking over, this might be the last time you really make fun of the guy on Twitter, no matter what he might say about “free speech.”

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Temples to the tourist circuit: CM Bhupesh Baghel scripts a Ram katha to crush BJPs https://milwaukeecountyfirst.com/temples-to-the-tourist-circuit-cm-bhupesh-baghel-scripts-a-ram-katha-to-crush-bjps/ Sun, 24 Apr 2022 04:43:34 +0000 https://milwaukeecountyfirst.com/temples-to-the-tourist-circuit-cm-bhupesh-baghel-scripts-a-ram-katha-to-crush-bjps/ On April 10, Chhattisgarh Chief Minister Bhupesh Baghel inaugurated the renovated Shivarinarayan Temple complex as part of the Congress-led state government’s ambitious Ram Van Gaman Paryatan Paripath, a tourist circuit envisioned to map the route that would have been traveled by Lord Ram in the present. -day Chhattisgarh during his 14-year exile from Ayodhya. The […]]]>

On April 10, Chhattisgarh Chief Minister Bhupesh Baghel inaugurated the renovated Shivarinarayan Temple complex as part of the Congress-led state government’s ambitious Ram Van Gaman Paryatan Paripath, a tourist circuit envisioned to map the route that would have been traveled by Lord Ram in the present. -day Chhattisgarh during his 14-year exile from Ayodhya.

The Shivarinarayan Temple is the second among nine temples across the state under the first phase of this project, which are to be constructed or renovated at a cost of Rs 134 crore.

Bhupesh Baghel inaugurated Shivarinarayan Temple in a three-day event held this year in Janjgir Champa district in Rama Navami.

Inaugurating the renovated temple at a site associated with Shabri of the Ramayana epic, CM Baghel said: “Memories of Maryada Purushottam Lord Ram are scattered in every particle of Chhattisgarh soil for he had spent most of his exile in Chhattisgarh… Ram is special for every person in Chhattisgarh. This project belongs to everyone, we have no personal interest in it, it is a popular program, a popular project.

Bhupesh Baghel, Chhattisgarh Congress, Chhattisgarh CM Bhupesh Baghel, Shivarinarayan Temple, political pulse, India news, Indian express Chief Minister of Chhattisgarh Bhupesh Baghel making aarti from the confluence of the river at Shivarinarayan.

After unveiling the renovated temple, Baghel also opened a Ramayana interpretation cafe, where people could study and discuss several aspects or versions of the epic.

The Department of Culture has also launched a program of Ramcharitmanas Mandali recital competitions under which such competitions were held for the first time in March this year from gram panchayat to district levels and cash prizes from a worth of lakhs were given to the participating groups.

One of the first decisions Baghel made after taking office as CM in December 2018 was to launch the Ram Van Gaman tourist circuit program under which the renovation or construction of 75 temples at sites associated with the Ram’s exile route across the state has been proposed.

To celebrate the second anniversary of his government, Baghel inaugurated a renovated temple in Chandkhuri near the capital Raipur on December 17, 2020, which

has the only temple in the country dedicated to Kaushalya, the mother of Ram. It was the first temple that was redeveloped under the Ram Van Gaman program. A special yatra was organized on this occasion, with two vehicles departing from the north and south of the state to collect soil from nine temple sites in various districts en route to Chandkhuri. The entire Baghel cabinet had then traveled to Chandkhuri to plant 9 rudraksh trees on soil brought from across the state.

Inaugurating the renovated Chandkhuri temple, Baghel said, “Ram could be a political issue for many in order to garner votes. But Ram is embedded in our culture. In this state, Ram is bhancha (nephew), he is vanvasi; we know the ram of Gandhi, the ram of Kabir, the ram of Tulasi and the ram of Shabri. We are followers of Mahatma Gandhi, who could only speak Ram’s name when he died.

Marking a contrast to the BJP’s ideology and approach to Ram, the Baghel dispensation retained the color scheme of this entire event as yellow versus the BJP’s saffron, even though it used a “calmer, more composed image.” by Ram.

Bhupesh Baghel, Chhattisgarh Congress, Chhattisgarh CM Bhupesh Baghel, Shivarinarayan Temple, political pulse, India news, Indian express Bhupesh Baghel has been praised by the Ramanami community for Rama Van Gaman Paryatan Paripath.

A devout follower of Lord Ram, Baghel has always described Ram as “bhancha” or “bhanja” in reference to a belief that his mother Kaushalya was a princess of Kosala which encompasses the Chhattisgarh region. In the other Ram-centric move of the Baghel dispensation, the head of the State Gau Seva Commission, Mahant Ram Sundar Das, announced a reward of Rs 11 lakh if ​​anyone can decipher the exact date of birth from Kaushalya.

Suing the main opposition BJP party, Baghel argued that Ram could not be “owned” by anyone, seeking to wrest the Ram issue from the saffron party to gain political advantage for Congress, the tourism and culture departments of the state deploying various populists. schemes to support its offer. It is another matter that in the process he has drawn criticism from some quarters for indulging in a “Hindutva soft” policy. Some of these projects have also drawn backlash from the tribal community, which makes up 31% of the state’s population.

A section of tribes have sought to resist the state government’s measures, accusing the government of trying to “co-opt tribal culture into Hinduism”. The first sign of such protests surfaced during the special yatra held before the inauguration of the Chandkhuri temple. When the vehicles attempted to take land from villages in Sukma district, the tribals protested. Sol, considered a deity in tribal customs, could not be allowed outside their village boundaries, they said. When the officials forcibly took the ground, they chased their vehicles. In Kanker, the tribals sat on the road and unloaded soil from various tribal villages in the Bastar division before leaving the authorities’ vehicles to leave the scene.

The Adiwasi Samaj of Sukma also wrote to the governor in March this year, complaining about the Ramayana recital competition, citing their autonomy over the issue of culture in their regions under the fifth schedule of the Constitution. Their protest forced the event to be canceled in their block.

Even Baghel’s father, Nand Kumar Baghel, 86, opposes the Congress government’s “political appeasement for Ram”. Police in Raipur had arrested him last year in Uttar Pradesh in a case related to his allegedly derogatory remarks against Brahmins. Senior Baghel has been campaigning across the state for years to prevent the burning of Ravan’s effigy. Several villages in the tribal belt also have special rituals involving Ravan. Even the famous Bastar Dussehra in Jagdalpur is basically about the local tribal goddess.

It is another matter that this time in a first in Jagdalpur, seat of Bastar district, on April 10, the Ram Navami procession saw celebrations continue late into the night under banners of various shades of orange , with young people dancing in the streets to DJ-set music, loudspeakers and firecrackers.

After losing to Congress in the recent Khairagarh poll, the BJP currently looks crestfallen. While the saffron party has been silent on the Baghel government’s Ram-centric moves, senior BJP leaders are said to be of the view that this would play into their party’s favor and bolster its ideological agenda. Baghel, however, clearly appears to be pursuing the policy on Ram to turn the tide on the BJP and gain an advantage in the assembly elections scheduled for December 2023.

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School board stops ordering textbooks with protest photo after complaints of ‘dividing teachings’ – The Virginian-Pilot https://milwaukeecountyfirst.com/school-board-stops-ordering-textbooks-with-protest-photo-after-complaints-of-dividing-teachings-the-virginian-pilot/ Fri, 22 Apr 2022 12:31:04 +0000 https://milwaukeecountyfirst.com/school-board-stops-ordering-textbooks-with-protest-photo-after-complaints-of-dividing-teachings-the-virginian-pilot/ The Williamsburg-James City County School Board decided not to purchase four new social studies textbooks after some citizens complained that a book promotes “dividing teachings” and teaches critical race theory. The textbook “Government in America: People, Politics and Policy” is taught in public school Advanced Placement Politics and Government courses. The W-JCC school system was […]]]>

The Williamsburg-James City County School Board decided not to purchase four new social studies textbooks after some citizens complained that a book promotes “dividing teachings” and teaches critical race theory.

The textbook “Government in America: People, Politics and Policy” is taught in public school Advanced Placement Politics and Government courses. The W-JCC school system was looking to replace books on U.S. government, economics, and history in order to update its curriculum.

But after a citizen review period that some council members said was too short and sparked complaints, the school board on Tuesday voted 4-3 not to approve the $130,921 textbook purchase. By doing so, schools will lose their chance to buy new textbooks for another year. During this time, students should use textbooks that are at least 12 years old.

While some school board members worried the textbooks would cause division, others said students deserved to be taught with the most up-to-date materials.

“This amazing country has been one of constant social and political change since its inception,” said Kyra Cook, one of three board members who voted to buy the book. “It is a constant dynamic iterative process between his government and his people, for the people, by the people. I think social and political change is part of our DNA, so I think it’s appropriate to teach that.

According to the school division, the proposed textbooks are aligned with the Virginia Department of Education’s learning standard with new, up-to-date information. In addition, all proposed textbooks came with an e-book with a read-aloud feature that would meet the needs of all students.

The books had already been approved by the state Department of Education, which pre-approved them before releasing a list of suggested titles. W-JCC Schools Superintendent Olwen Herron recommended the purchase of textbooks.

To select new books for its schools, the W-JCC school board establishes a textbook committee consisting of a program coordinator, specialists, parents, administrators, and a member of the school board. From there, the committee reviews the books and makes a preliminary decision before offering the options for citizens’ consideration. This year, the review process ran from February 18 to March 11.

But at Tuesday’s meeting, a handful of residents showed up to protest the government and politics manual. One man claimed he was biased and left-leaning, while another resident claimed the photo on the front was a form of indoctrination.

The handbook contains examples of civil and political unrest in the country and also details current events and how they are shaping public policy. The cover of the book is a photograph of a protest outside the United States Capitol with signs visibly reading “Silence is Violence”, “No Justice, No Peace” and “Stop Killing Black People “.

Phyllis Eastman, who said she has no children in the school system, called the cover photo “diverse.”

John Slokavitz told the board that he took issue with an excerpt that discussed President Joe Biden’s electoral policy goals.

“I mean, that’s what we give to students,” Slokavitz said. “You have pictures of police holding black people. I mean, it’s out of control. I plead with educated people to stop this, enough is enough. »

Critical Race Theory, which was raised at the meeting, is not taught at the K-12 school level or at the undergraduate college level. It was first theorized in the 1970s to provide graduate law students with a better understanding of race relations and how they relate to civil and criminal matters.

Although he found nothing wrong with the overall content of the manual, board chairman Greg Dowell said the book was controversial, so he couldn’t vote for it if he could. cause a new “community division”.

“The reason I voted no on that one…was just because we’re coming out of a period of discord in our community and our country and it’s getting to us all,” Dowell said. “Will this help us bring our community together or will it drive a deeper wedge between us?”

Four people spoke at Tuesday’s meeting about the manual. Council vice-chairman Jim Beers, pointing out that the council had only heard from a select few against the program, told his colleagues that it was unfair for them to vote for the minority opposition.

Dowell, Sarah Ortego, Sandra Young and Julie Hummel were against buying the book. Ortego, who served on one of the textbook committees, said she didn’t think the three-week citizen review period was long enough. Young cited similar sentiments.

In an attempt to find common ground, Hummel voted against adopting the textbooks, but moved a new motion to approve the entire social studies curriculum except for the textbook in question. The motion didn’t get a second and died on the floor.

Other textbooks that will not be purchased include the Virginia Studies textbook, “Our Virginia: Past and Present”, the Advanced Placement US History textbook, “By the People: A History of the United States”, and the AP economics textbook, “Principles of Economics.”

The board passed the proposed $387,789.54 purchase and approval of four new science textbooks by a 5-2 vote. But the school division will have to wait at least another year before buying new. social studies materials.

In order to purchase the textbooks in time for delivery and distribution, the council had to make a decision at the meeting. Without approval, they will have to wait until the next budget cycle to determine if they have the funds to replace the materials.

“I’m disappointed with the action we took today,” Cook said. “I think we have deprived our children of new textbooks and deprived our teachers of the possibility of using new materials. Our staff followed a rigorous process and identified opportunities for improvement.

The school board will hold its next meeting on May 3.

Em Holter, emily.holter@virginiamedia.com, 757-256-6657, @EmHolterNews

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