Markets, News & Commentary: February 23 2021

in #news3 years ago

Thanks to @preparedwombat and @pennsif for inspiring this experiment with a news round-up style post. I sometimes disagree with their positions, but I always appreciate their selections and sharing.

Alright, just to flip the script, since this post is about real news, here's a fake meme. I can almost smell its pinkness...

It Takes great Abuse To Become Incredible At Bamboozling - Courtesy InspiroBot.me

Top Stories

Powell says economy still needs Fed support, markets not driven by loose money

Federal Reserve Chair Jerome Powell on Tuesday pushed back on suggestions that U.S. central bank support for the economy risked inflating a dangerous asset bubble, insisting the support was still needed and that investors were responding mostly to expectations for a successful recovery.

U.S. manufacturers grapple with steel shortages, soaring prices

Soaring prices are driving up costs and squeezing profits at steel-consuming manufacturers, provoking a new round of calls to end former President Donald Trump's steel tariffs.

SCOTUS allows NY prosecutor to obtain former President's tax returns

The U.S. Supreme Court on Monday allowed Manhattan District Attorney Cyrus Vance to obtain former President Donald Trump's tax returns. By foregoing intervention the court decided not to prevent the records from being turned over. New York prosecutors have sought Trump's personal and business tax returns in casting a wide net over Mr. Trump's business dealings. However, since grand jury evidence remains secret, the records might still never become public.

Senator Ted Cruz says wife Heidi is ‘pretty pissed’ over leaked Cancun texts

Cruz noted that he has a mix of Republican and Democrat neighbors in his exclusive River Oaks neighborhood in Houston — and said the leak was a sign of “how ridiculously politicized and nasty” people can get.

“Here’s a suggestion: just don’t be a–holes,” he continued. “Like, just, you know, treat each other as human beings have some degree, some modicum of respect.”

I wish. But we've entered a new era of political warfare and the brutal guns of media-war-machines will never again fall silent, not even upon victory.

As soon as CNN et al had done as much as they could to install a Biden administration they almost immediately turned their attention to unflattering coverage of one of the best contenders to unseat their darlings.

I for one would entertain voting for a Pence/Cruz ticket if one ever emerges. I liked what I've heard from Senator Cruz on Big Tech censorship and Second Amendment Rights. His position on the electoral objections was sound. And he was a target of, not an instigator of, the Capitol violence.

And so far, it's the deliberate and sustained effort to by his opponents in Big Media to damage his standing that's doing the most to cement my support

Mind On My Trades, My Trades On My Mind

Tech selloff hits Nasdaq, Powell comments limit declines

The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.

RespireRx Pharmaceuticals and FirstFire Global Opportunities Fund make $100K SPA

Under a Securities Purchase Agreement FirstFire provided $100,000 to RespireRx [RSPI] , in return for a convertible promissory note at a face amount of $112,000. The net proceeds received by RespireRx equal $97,500 after payment lender’s legal fees and will be used for general corporate purposes.

RespireRx [RSPI] is a company that R&D's pharmaceuticals to treat respiratory disorders. It's drug platforms include ampakines and cannabinoids to treat chemotherapy-induced nausea and vomiting, as well as for anorexia in patients with AIDS. One ampakine, CX1739, is in Phase II clinical studies for drug-induced respiratory depression (RD), and central sleep apnea.

RespireRx is also developing CX717, CX1739, and CX1942 to treatn respiratory disorders, neurobehavioral disorders, spinal cord injury, neurological diseases, and orphan indications.

It's an R&D penny stock and I like the stock [#ILTS].

Tech

Stadia’s next exclusive is PixelJunk Raiders, releasing March 1st

Google Maps Dark Mode and More Useful Android Features Are Rolling Out Today

Funzies

We Know the 'Mind-Blowing' Cameo in Zack Snyder's Justice League

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A Pence/Cruz ticket would at least imply that Trump was no longer a factor. 👍🏼

You can pick any ticket you want...shit will be all over it!
25 yrs ago I was happy as hell when I made to the US! Can you imagine how much struggling I had inside in the last 5 yrs,before I decided to leave it for good? Dream on...