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Entrepreneur: New York City is Dead and It’s Not Coming Back

Streets are deserted thanks to COVID and people fleeing due to crime & riots.

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Former hedge fund manager and entrepreneur James Altucher says New York City is dead and it’s not coming back.

Born and bred in New York, Altucher took his family and fled to Florida after the Black Lives Matter riots in June when someone tried to break into his apartment.

Since then, the city has continued to suffer a huge surge in shootings and violent crime as well as an anemic financial recovery from the coronavirus lockdown.

Appearing on Fox News Business, Altucher referred to images that were broadcast during the interview showing 6th avenue to be virtually empty.

“We have something like 30 to 50 per cent of the restaurants in New York City are probably already out of business and they’re not coming back,” he pointed out.

Altucher said that despite offices in midtown being allowed to be open, they’re still largely empty because companies like Citigroup, JP Morgan, Google, Twitter and Facebook are encouraging their employees to work remotely from home “for years or maybe permanently.”

“This completely damages not only the economic eco-system of New York City…but what happens to your tax base when all of your workers can now live anywhere they want to in the country?” asked the entrepreneur, noting that many were fleeing to places that are cheaper to live like Nashville, Austin, Miami and Denver.

Warning that the situation was “only going to get worse,” Altucher said that the old New York was not coming back and that creative and business opportunities would now be dispersed throughout the entire country.

“What makes this different now is bandwidth is ten times faster than it was in 2008 so people can work remotely now and have an increase in productivity,” he added.

As we document in the video below, the blame for all this lies firmly at the feet of two people, Governor Cuomo and Mayor de Blasio.

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Economy

Video: Trump Slams “Wasteful And Unnecessary” Pork In COVID-19 Stimulus Bill

“It really is a disgrace”

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Steve Watson

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President Trump appears to be vetoing the massive $900 billion coronavirus stimulus bill passed by Congress yesterday, slamming it for being full of “wasteful and unnecessary” items.

“Throughout the summer, Democrats cruelly blocked COVID relief legislation in an effort to advance their extreme left wing agenda and influence the election,” Trump announced.

He added that “it’s taken forever” to get a bill together, and now it “is much different than anticipated.”

“It really is a disgrace,” the President urged, demanding that Americans have stimulus checks upped to $2,000, while all manner of pork, including mountains of foreign aid, be stripped out of the legislation.

“Send me a suitable bill or else the next administration will have to deliver a COVID relief package and maybe that administration will be me and we will get it done,” Trump raged.

Watch:

Before the bill passed the Senate Tuesday, Senator Rand Paul, one of only six Republicans who voted against the legislation, slammed it as an ‘excessive’ waste of money, and said that all Republicans voting for it are no better than the ‘socialist’ Democrats they routinely criticise.

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity,” Paul urged.

Paul also noted that it would have been impossible for anyone to have read the bill:

Senator Ted Cruz also noted this, agreeing with Democrat Rep. Alexandria Ocasio-Cortez:

The difference, however, is that Paul and Cruz voted against the bill, where as AOC just voted in favor anyway.

The bill passed the House 359-53 and the Senate 92-6, but now it appears Trump will send it back.

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Economy

Paul Slams Republicans Voting For COVID Bill: ‘You Are No Better Than Socialist Dems’

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity”

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Steve Watson

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Senator Rand Paul slammed Republicans Monday for voting in favour of a huge $900 billion coronavirus relief bill, saying that they are no better than the Democrats they routinely label as ‘socialists’.

“To so-called conservatives who are quick to identify the socialism of Democrats: If you vote for this spending monstrosity, you are no better,” Paul urged in a speech on the Senate floor:

The Democrat controlled House, as well as the Senate passed the legislation, also tacking on a $1.4 trillion spending bill, prompting Paul to criticise the move as the government giving away “free money”.

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity,” Paul urged.

“If free money was the answer… if money really did grow on trees, why not give more free money?” Paul said.

“Why not give it out all the time? Why stop at $600 a person? Why not $1,000? Why not $2,000? Maybe these new Free-Money Republicans should join the Everybody-Gets-A-Guaranteed-Income Caucus? Why not $20,000 a year for everybody, why not $30,000? If we can print out money with impunity, why not do it?” the Senator proclaimed.

In addition to Paul, only five other Republicans voted against the legislation:

Senator Ted Cruz tweeted that there was no time to even read the bill, ironically agreeing with extreme leftist Democrat Alexandria Ocasio-Cortez:

Paul also noted that it would have been impossible for anyone to have read the bill:

Paul vowed to continue to ‘sound the alarm’ over excessive spending:

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Economy

SWAMP: Biden Hires TWO MORE Goldman Sachs Execs To His Team

“Everybody I’ve talked to, including people on Wall Street, seem very delighted with the selections”

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Steve Watson

Jaap Arriens/NurPhoto via Getty Images

In another stunning act of resistance, Joe Biden has hired two former Goldman Sachs officials to his transition team, prompting more charges that he’s filling up the D.C. swamp again.

Politico reports that Biden has hired Eric Goldstein and Monica Maher to the Department of Homeland Security Review Team, and the National Security Council Review Team, respectively.

Goldstein is currently employed as Chief Risk Officer for Antares Capital, but worked 18 years as managing director in the Merchant Banking Division of Goldman. 

Maher is still Vice President of Cyber Threat Intelligence at Goldman.

The hires clearly show that Biden has zero intention of keeping Wall Street out of government.

Biden already hired former Obama economic adviser Brian Deese, who previously worked for BlackRock, to head the National Economic council.

In addition, Biden has hired Adewale “Wally” Adeyemo, a former senior adviser for BlackRock, for the Treasury department.

These hires show without doubt that Biden’s previous promise to ‘crack down’ on Wall Street was horse shit of the purest grade, although anyone with half a brain always knew that was the case.

Indeed, Wall Street is apparently “very delighted” with Biden’s hires.

“Everybody I’ve talked to, including people on Wall Street, seem very delighted with the selections,” said Bruce Heyman, a former partner at Goldman Sachs Group Inc. “Nobody has said to me that this is really disappointing. In fact, it’s the opposite. They’ve just said, ‘This is great.’”

Biden’s hires in other areas have also been heavily criticised as he’s chosen a rogues gallery of globalist interventionists, and extreme leftist radicals.

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