Category: News

  • Wall Street Chaos

    Has anyone been following the short sale chaos happening on Wall Street with GameStop, and AMC theaters? Thanks to Twitter, I have known about all of this craziness since Monday, but it only seems like today that it hit the news. The NYTimes did a little story on it yesterday, but outside of that, no major news media was reporting it.

    If you don’t know what is happening, it sort of breaks down like this; a few hedge funds had decided that GameStop’s stock price was going to fall, and had set up a “short sale” of the stock, which means if the stock price continues to fall, then the hedge funds make huge amounts of money. But, if the GameStop stock price were to go up, then the hedge funds would lose money. Once word got out that this is what these hedge funds were doing, individual investors, normal people who use a Reddit group, started buying GameStop stock, which caused the price to go up, like 200% at one point yesterday, and that caused the hedge funds to lose BILLIONS of dollars. Now, the Reddit people are buying up AMC stock, doing the same thing to the hedge funds today, and looks like the funds will lose billions more today.

    Here is the NYTimes story on it.

    There are lots of interpretations of this story flying around the news and internet right now, from this is a David versus Goliath story, to the free markets at work, to how the stock market doesn’t reflect the real economy, as to why Wall Street needs to be regulated.

    The way I see it; this just proves that economics is not a science, but a man-made machine; a device that can be manipulated to create whatever outcome you want. It’s just the Wizard of Oz. The con is believing that the system is fair, when in reality, you can game it.

    I don’t know how this will end, but it is very interesting to watch.

  • Covid-ness is Everywhere

    The world is getting sicker, but a vaccine is on the way. There is a light at the end of this tunnel, but this tunnel has a long way to go. The infection rate is slowing going up in the City, but the bars/restaurants will remain open, and the schools will be back starting on December 7th. If we can make it through the winter and the spring, then we just might have a summer to look forward to.

    And this is the conversation that is happening in my home. Things are awful, BUT they will get better. We have been saying that for nine months. Yesterday, I ended with how we are getting tired of living in a lockdown. Not that I am going to break it, or stop wearing a mask… I’m just tired.

    The kid just this morning said that she was ok with remote learning if it needs to happen. I know she was giving a mature answer, which was she understood that this was the sacrifice she needs to make to keep other people safe, but it did feel just a little like she had given up.

    My wife’s boss told her that she should plan on working remote for at least the first two quarters of 2021, and most likely the 3rd as well. This news felt like a punch in the gut.

    Even if the kid goes back to class “like normal” in September 2021, I don’t know if there will be any work in the arts.

    Covid has stained so much in our lives, and looks like it will for almost another year.

    Trying to stay upbeat here.

  • After Thanksgiving

    So… I over did it. Yup, we made too much food, and I have been eating leftovers for four days now. I don’t want to step on a scale, as I know it will only tell me a story that I don’t want to hear. I know, I know. I’ll get back to working out in… January.

    This year, as everything has gone to hell, and we had to rethink everything, and we had a bubble Thanksgiving. We got Covid tests, and quarantined for a week so we could spend time with friends and their kid. We all had a great time together, and it was nice to spend time around people again.

    Now, we did what we thought was the right thing, and tried to be as responsible and cautious as possible. But, there still was a little nagging thought in the back of my mind that we shouldn’t be doing this. That the “right” thing to do was to not see anybody. New York’s positivity rate is closing in on 4%, which compared to other parts of the country is nothing. Then again, I remember April and May in this City, when people were moving out and ambulances were running day and night.

    I am very confidant that we all behaved correctly with our given situation. And sadly, I can admit that, we are all getting tired of living in a lock down. The right thing to do is never easy.

  • The Doom Anxiety is Back

    Who else is still feeling the same level of anxiety you had before the election?

    That would be me.

    And most of my friends as well.

    Just about two hours ago, the Chancellor of the NYC Public schools announced that in-person classes will be cancelled due to the test infection rate is now above 3% in the city. Well… crap.

    There has been 100,000+ daily Covid infections for over the past week, as well as over 1,000 deaths.

    And we shouldn’t gather for The Holidays, but people are clearly going to gather for The Holidays

     We are clearly in a Second Wave, and for some of you, it might be a Third.

    And Trump won’t concede the election, which has the very high probability of make things worse as his administration is refusing to working with the incoming administration.

    2020 ain’t over yet, so I know it can still get worse.

    Like I said, I’m not feeling better.

    I haven’t really written anything other than these blogs, and that is due to my nonstop Doomscrolling. I keep checking to see if it is getting worse. This is clearly now a habit I have created for myself that I am not able to break, as my phone is connected to me constantly.

    Deep breath…

    Deep breath…

    We can get through this.

  • What Have I Learned This Week?

    This has been a very political week for me, blog wise. I woke up this morning with the intention of not writing about anything political, and then I saw that Trump and the First Lady have tested positive for Covid.

    Proving that 2020 is the year when anything and everything will happen.

    But as it is Friday, maybe some self-reflection is needed.

    What have I learned this week?

    First, school teachers do not get the credit and pay that they deserve. I have said that many times before, but two weeks of home school/video chat has proved that to me, in a very crystal clear manner. I will commit now, and for the rest of my life, to ensure that teachers get the respect, pay and resources they need and deserve to do their jobs.

    Second, if doing the home school thing is my lot for the next eight months, then I have to come to terms that I will only have about an hour a day to write during the school week. And if I want more time, that will have to occur on nights and weekend. Just a fact.

    Third, as we enter October, I also have to come to terms that I will not being able to relax until the year 2020 is over. I thought 2016 was bad (except for the Cubs winning the World Series) and 2018 wasn’t a good year either. But, 2020 just won’t let up. The anxiety I have every day is relentless, and I don’t think I will be able to relax until the election is over, and a vaccine is out. I know there are a million other issues that 2020 has brought us, but I need those two things to happen.

    Here is to trying to have a good weekend…