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Daily Archives: February 7, 2022
2 Unstoppable Stocks to Buy and Hold Forever – The Motley Fool
Posted: February 7, 2022 at 6:48 am
Taking a buy-and-hold approach to investing typically comes with fewer headaches as the market's short-term volatility is less of an issue, not to mention the fact that it provides tax advantages. But this strategy is only as good as the securities that investors pick.
Choosing poor businesses to invest in and hold onto for a while will not yield excellent (or even average) returns. With that as a backdrop, let's look at two stocks that are worth holding for a long time: Novo Nordisk (NYSE:NVO) and Microsoft (NASDAQ:MSFT).
These companies have been around a while, are leaders in their respective industries, and boast competitive advantages that should help them perform well for many years to come.
NVO data by YCharts
Denmark-based Novo Nordisk has been a leader in the market for diabetes medicines for a few decades, and it continues to make headway in this area. Like other drugmakers, its therapies benefit from patents that help protect them from generic competition and confer pricing power. Diabetes is a severe health condition that's projected to continue becoming more prevalent.
As of November 2021, Novo Nordisk held a 30.1% share of the diabetes care market, up slightly from the 29.3% slice it held a year earlier. To break things down further, the pharma giant was one of the leaders in the market for glucagon-like peptide 1 (GLP-1, a type of medicine that helps patients with type 2 diabetes produce the optimal amount of insulin) with a 52.7% market share as of November 2021, up from 50.4% a year earlier.
Image source: Getty Images.
Similarly, Novo Nordisk's insulin and obesity medicine units are market leaders. Perhaps the company's most promising diabetes products are Ozempic and Wegovy. The former grew its sales by 59% in 2021 to 33.7 billion Danish kroner (or roughly $5.2 billion).
Novo Nordisk's total sales for the year came in at 140.8 billion kroner ($21.7 billion), up 11% from 2020. Net income totaled 47.8 billion kroner ($7.3 billion), about 13% higher than in 2020.
Moreover, the future looks bright. According to some estimates, annual sales of Ozempic will clock in at $9.7 billion by 2026, making it one of the 10 bestselling drugs in the world. Wegovy was only approved in the U.S. last year and experienced a highly successful launch, according to management.
Besides these medicines, Novo Nordisk boasts a rich pipeline with more than two dozen ongoing programs, including Icodec, a potential once-weekly insulin product for patients with type 2 diabetes that could be a big deal.
Novo Nordisk will likely continue to innovate and remain one of the leading companies in the diabetes care market for many years to come. This is why it is worth holding on to shares of this healthcare stock for a while.
This tech behemoth has been a leader in computer operating systems for years. And its productivity tools, marketed to both businesses and individuals, are nearly everywhere. Millions of people and companies worldwide rely on various applications the company offers -- Excel, PowerPoint, Teams, and more -- in their day-to-day activities, and jumping ship is often not a simple thing to do.
While Microsoft arguably made its name via its computer operating system business, it has also been making significant headway within the cloud computing industry over the past five years or so. The company's Azure service held a 20% share of the cloud computing market as of the first quarter of 2021. Such services allow businesses to increase their productivity and decrease costs. These benefits explain why the sector is on an unstoppable growth path. According to some estimates, it will expand at a compound annual rate of 19.1% through 2028.
Image source: Getty Images.
Naturally, Microsoft is competing with other prominent players in cloud computing, including Amazonand Alphabet. But even with stiff competition, there is room for multiple winners in the long run. For Microsoft's latest quarter (ended Dec. 31), its cloud unit saw sales increase 25.5% year over year to $18.3 billion. This segment was the largest in terms of revenue for the company, accounting for 35.4% of total revenue. Meanwhile, total revenue came in at $51.7 billion, 20% higher than the year-ago period while net income grew 21% year over year to $18.8 billion.
Azure and the rest of Microsoft's cloud computing segment will continue to be key growth drivers. It is also a leader in gaming, a position it could strengthen given its recent announcement that it will acquire Activision Blizzard in an all-cash transaction valued at $68.7 billion.
Microsoft's overall business looks robust and more than capable of growth in the years to come, and that's why it is an excellent buy-and-hold stock to add to your portfolio.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
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2 Unstoppable Stocks to Buy and Hold Forever - The Motley Fool
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Falcon heads to Victoria pledging B.C. Liberal rebuild, looks for seat in legislature – Coast Reporter
Posted: at 6:48 am
VANCOUVER The new leader of the British Columbia Liberals says he's on his way to Victoria with promises that will rebuild the party and attract voters while he also seeks his own seat in the legislature.
VANCOUVER The new leader of the British Columbia Liberals says he's on his way to Victoria with promises that will rebuild the party and attract voters while he also seeks his own seat in the legislature.
Party members acknowledge that Kevin Falcon has a big renewal job ahead, as the Liberals have lost two consecutive elections after holding power for 16 years. Falcon is the party's third leader since 2017.
He replaces Andrew Wilkinson, who resigned shortly after the October 2020 election when the New Democrats were voted in with a majority government.
Party members selected a new leader in online and phone voting that started last Thursday. The system awarded points to the seven candidates based on how those ballots were cast.
Falcon scored a fifth ballot win Saturday, taking just over 52 per cent of the points available, in a sometimes fractious leadership race that saw the former cabinet minister face attacks from his opponents as the perceived front-runner.
Former Liberal cabinet minister Mary Polak said Sunday rebuilding the party will be Falcon's top priority, but it poses difficulties for an Opposition leader, especially without a seat in the legislature.
She said the margin of Falcon's victory and his lead from start to finish gives him some added strength as it shows his widespread support among party members.
"It'll be job one for the new leader to get everybody on the same page," said Polak. "That's always more challenging for a leader of the Opposition because there's not a lot they have to work with in terms of tools that would perhaps reward people for loyalty."
Despite the admirable work done by interim leader Shirley Bond in the legislature since Wilkinson's resignation, the Liberals and voters have not had a leader to rally around since the 2020 election, Polak said.
"It has a big impact on how visible the party can be, how much their message gets out," she said.
The B.C. legislature resumes sitting Tuesday with a throne speech.
Falcon said in a statement late Saturday he will quickly seek a seat in the legislature and consult with the 28 members of the party's caucus about a potential riding in which to run.
"Once that seat becomes available, I will immediately ask (Premier) John Horgan to call that byelection at the earliest possible time," he said.
Falcon held a seat in Surrey for three terms before deciding not to run in the 2013 election.
Falcon, 59, said he left politics to spend more time with his young family. He has been working in the private sector with a Vancouver investment and property development firm.
He held a number of portfolios in cabinet after first being elected in 2001, including transportation, health, finance and deputy premier. Falcon finished second in the 2011 leadership contest, losing to Christy Clark, who served as premier until the party lost power.
Falcon focused on past Liberal accomplishments in his first news conference as leader late Saturday, saying the former Liberal governments of which he was part made major accomplishments on environmental, financial and infrastructure fronts.
"The grass didn't grow dry under our feet," he said. "We got big things done and I don't see that happening now. I believe that the public wants to support people and leaders that aren't afraid to get big things done."
Falcon said he plans to be at the legislature as much as he can despite not having a seat, but he'll also travel the province.
"I'm going to talk candidly to the public. I want them to understand how much I care about this province and our future, and it will take time," he said. "I believe it's going to take at least a couple of years before people really start to say, 'Hey, you know what, I like what he talks about.'"
The B.C. Liberals are not affiliated with the federal Liberal party and have described themselves as "a made-in-B.C. free enterprise coalition."
Mike Bernier, a Liberal member of the legislature from Dawson Creek, said he was among a dozen caucus members who backed Falcon because they believe he has the experience and skill to unite B.C.'s urban and rural voters, and its Conservative and Liberal supporters.
"I'm the furthest MLA from Vancouver but I still supported Kevin because I knew we needed somebody who doesn't just have the ability to win the rural seats we already win," said Bernier. "We need to get the trust back of the public and our voters, and we need that all across B.C., not just in pockets."
This report by The Canadian Press was first published Feb. 6, 2022.
Dirk Meissner, The Canadian Press
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Liberals in a quandary over new law on small business transfers within families – The Globe and Mail
Posted: at 6:48 am
The federal Liberal government was so concerned about relaxed rules for intergenerational transfers of small businesses triggering a flood of tax-evasion schemes that it attempted an end-run around parliamentary precedent last summer to delay that legislation coming into force.
The attempt to delay the implementation of Bill C-208, a private members bill, folded under blowback from opposition parties. After three weeks of controversy, the government backtracked, conceded that the new rules were in effect, and then promised amendments that would close down any loopholes. Six months later, however, it has yet to embark on consultation, much less pass legislation.
The government said in an e-mailed statement it still plans to draw up those draft amendments. It would then solicit comments on the proposed amendments as part of a consultation process.
The original legislation passed with the support of opposition parties and a handful of Liberal MPs. The government would need votes from other parties for any amendments, since the Liberals fell short of their bid in last years election campaign to convert their minority government into a majority.
The bill received royal assent on June 29. The next day, the government announced its intention to delay the legislations implementation until Jan 1., in apparent defiance of parliamentary convention and the wording of the federal Interpretation Act, which says laws come into effect upon royal assent unless otherwise specified.
The following month, the Commons finance committee scheduled a special session to probe the issue. The day before that session, the government backtracked and acknowledged the bill was already in effect. A statement from Finance Minister Chrystia Freeland pointed to an implementation date for amendments as early as Nov. 1.
But that date has come and gone, as has Jan. 1, with no draft legislation proposed. And there was no mention of the issue in Decembers economic and fiscal update.
Larry Maguire, the Conservative MP who sponsored the private members bill, said in a statement that he has not heard anything from the government on potential amendments, and that the silence is creating uncertainty for farmers or small business owners who may want to transfer their enterprises to their children or grandchildren. Business owners have an obvious concern that any amendments the government passes could be applied retroactively, he wrote.
However, during the special sitting of the finance committee in July, Liberal MP Rachel Bendayan, parliamentary secretary to the Minister of Small Business, said she unequivocally confirmed on behalf of the government that any amendments to C-208 would not be retroactive.
Bill C-208 gives more generous tax treatment to intergenerational transfers of small and medium-sized businesses. It does this by treating those transactions in the same manner as sales to unrelated third parties. Business owners can claim proceeds from sales of shares to adult children or grandchildren as capital gains, rather than as dividend payments. Capital gains are taxed at a lower rate and, in some cases, a taxpayer can use a lifetime exemption to avoid paying any tax at all.
Jennifer Leve, a tax partner at Dickinson Wright PLLC in Toronto, said her clients had been unhappy with the pre-C-208 tax treatment of sales to their offspring. Everybody was always so worked up, but it wasnt because they were trying to sell it just to get a tax benefit, she said. They really just wanted to sell it because they were retiring, or they were done with working. They were at that stage in their life.
But critics of the bill, as well as the federal Finance Department, warned that it could enable business owners to evade taxes through a type of sham transfer aimed at extracting cash from a business a practice called surplus stripping. Under that tactic, there is no real transfer of control, and hence no real transfer of the business.
In its July statement, the government said its amendments would include provisions to prevent surplus stripping. For example, it said it could introduce a requirement to transfer legal and factual control of a corporation to a child or grandchild. It also said it could specify the level of ownership that a parent could maintain for a reasonable time after such a transfer, the requirements and timeline for a transition, and the required level of involvement in a business by a child or grandchild following a transfer.
In a statement, the Canada Revenue Agency said it is too soon for it to have any data on taxpayer behaviours or trends related to the new rules, since the tax years which might include arrangements contemplated by Bill C-208 have not yet concluded.
Ms. Leve said she has seen some articles by tax professionals warning of possible retroactive changes to Bill C-208. But she said her preliminary discussions with clients interested in using the provisions of the new bill to transfer their businesses to children or grandchildren have not centred on worries about retroactivity or, on the other hand, rushing through transactions ahead of any amendments.
Instead, she said, her clients remain focused on whether they wish to retire and hand over their businesses to their offspring. I think the bill is appropriate, because thats the experience Ive seen with clients wanting to do this kind of transaction.
Tax and Spend examines the intricacies and oddities of taxation and government spending.
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Liberals in a quandary over new law on small business transfers within families - The Globe and Mail
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We don’t use the word apartheid say the liberal Zionists – Mondoweiss
Posted: at 6:48 am
The Amnesty International report condemning Israeli apartheid as a cruel and enduring system of dominion over Palestinians is turning into a big moment in the discourse of the conflict. The Israel lobby is going haywire over the report, and politicians from both parties are duly standing up and trashing the report.
The Israel lobby needs to build a firewall to keep apartheid from entering the establishment discourse. Weve all seen apartheid move from the Palestinian solidarity community into the human rights/progressive community over 15 years. What Jimmy Carter and Desmond Tutu (and I) got pilloried for saying years ago is now everywhere. Betty McCollum and Aida Touma-Sliman said it four years ago. Human Rights Watch and the Israeli human rights group BTselem said it in lengthy reports last year.
There is even progressive Jewish consensus that its apartheid. A recent survey in the wake of Israels last onslaught on Gaza says fully a quarter of Jews believe Israel practices apartheid, and the number rises to 38 percent of those under 40. Three Jewish groups say its apartheid: Jews Say No, Jewish Voice for Peace, and IfNotNow. Amnesty reiterates what Palestinians have been making painstakingly clear for more than two decades, say Jews Say No. Sylvain Cypels new book, The State of Israel Vs. The Jews says its apartheid; and its a danger to Jews everywhere because Israel is asking them to sign off on blatant injustice to preserve its diplomatic immunity.
But what about liberal Zionists? They have criticized the Israeli occupation for years, often vehemently. What do they have to say about the apartheid report?
The liberal Zionists are not accepting the reports of the leading human rights organizations.
J Street writes:
J Street does not endorse the findings or the recommendations of the report, nor do we use the word apartheid to describe the situation on the ground.
Ameinu (Labor Zionists and members of the powerful Conference of Presidents of Major American Jewish Organizations) rejects the allegation of apartheid:
Ameinu President Kenneth Bob said, I reject the conclusions of the Amnesty report but I think that Israels supporters in America and around the world need to take a close and unflinching look at Israels policies in the occupied territories that are causing this uproar in the international community.
Partners for Progressive Israel (the Meretz party in the U.S.) disdains the word:
As we stated last year, our organization is not an arbiter of international law and avoids using such terminology, which is both legally rarefied and politically inflammatory. Moreover, use of the ultra-charged term apartheid also has the potential to actually undermine anti-occupation work by offering the right wing a path to redirect the public conversation away from genuine human rights abuses and into more convenient territory. That is precisely what has happened in this case
While we therefore refrain from using the word apartheid, we appreciate the work of Amnesty International insofar as it directs American and international attention to the reality of ongoing injustices.
New Israel Fund speaks of entrenched systemic discrimination, and endorses action Against violence & Jewish Terror for Palestinian Farmers! But it has not mentioned the Amnesty International report in its twitter feed.
Americans for Peace Now says it has no comment for now, and it is not going to condemn the report without reading it. Does delegitimizing those who dare to say apartheid change the horrific circumstances that led Israeli soldiers to leave an elderly Palestinian-American man, handcuffed and gagged, to die on a cold West Bank night?
J Street is also talking a lot about the killing of Omar Assad, 78, and calling for an investigation of the Israeli forces that killed him.
The liberal Zionists are getting more and more outspoken against atrocities in the West Bank even as they reject the apartheid label. They know that 38 percent of young American Jews said it was apartheid last summer and that number is only going up as every leading human rights organization says its apartheid.
The liberal Zionists fear that the progressive community will turn against them their own children if they dont at least speak up against Jewish terror. But still they cant bring themselves to say, Apartheid.
I think the liberal Zionist failure on the apartheid moment is political. They all know that its apartheid. Leaders of New Israel Fund and Americans for Peace Now have said as much at times. Theyve all stood at the Qalandiya crossing, that complex of modern structures housing cattle chutes and metal detectors and soldiers that lets a few Palestinians into the eternal capital of the Jewish state, Jerusalem, and seen apartheid before their eyes.
But to call it what it is is politically marginalizing in the U.S., due to the power of the center-right Israel lobby. Everyone in the Jewish establishment hates the report. Official Israel hates the report. Liberal Zionists want to be taken seriously in that establishment community. They want access to U.S. politicians and they want to stay inside the Jewish tent and meet with the Israeli prime minister. Jonathan Greenblatt makes crazed arguments against the report that anti-Zionists are as dangerous as ISIS, that the Amnesty International report is antisemitic and a danger to Jewish lives and Jonathan Greenblatt gets walk-in access to the FBI director and major media, and Congress, too, to the point that he calls Democratic congressmen by their first names and feels he can riff on Bruce Springsteen song-titles when hes talking about Palestinian rights.
J Street doesnt have that kind of power and it wants it. Its not going to alienate the ADL. To call apartheid what it is, is to be excommunicated. So even when the entire human rights community is saying something, they have to distance themselves.
And yes, I think this is ultimately about money. The rightwing pro-Israel donors are still a crucial bloc in Democratic Party fundraising and Joe Biden is going to do nothing to upset those people. So he adopts a loopy definition of antisemitism that says its antisemitic to criticize Israel. And his State Department goes out of its way to denounce this Amnesty International report even as the AP reporter points out that it relies on Amnesty International all the time when criticizing other countries. And nine Jewish congressmen say apartheid is an antisemitic accusation. And J Street falls into line by calling BDS the tool that Palestinian civil society overwhelmingly endorses to honor their rights antisemitic.
The real question is how long liberal Zionists can hold out against the progressive Jewish street by doing lip service against the occupation. How long before their own children embarrass them by disrupting their conferences and demanding more
So where are the Palestinian voices in mainstream media?
Mondoweiss covers the full picture of the struggle for justice in Palestine. Read by tens of thousands of people each month, our truth-telling journalism is an essential counterweight to the propaganda that passes for news in mainstream and legacy media.
Our news and analysis is available to everyone which is why we need your support. Please contribute so that we can continue to raise the voices of those who advocate for the rights of Palestinians to live in dignity and peace.
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Theresa May’s jam-packed itinerary to fill Liberal coffers – The Australian Financial Review
Posted: at 6:48 am
The thing about changing prime ministers every three years is that it leaves the old ones with quite a lot of puff.
Unluckily for Boris Johnson, the prime minister he replaced remains in the House of Commons as a backbencher. And Theresa May was as happy as everyone else to publicly stick the boot into her embattled successor last week, theatrically questioning whether hed misunderstood the lockdown rules or merely thought himself exempt.
Theresa May with now-knighted husband Philip. AP
Though, on that front, at least, relief is in sight, with the news that May is presently packing her bags for her inaugural trip to Australia. Which, at least, should get her out of the headlines back home.
Lady May (as shes now known courtesy of her husbands 2020 knighthood) will on Friday be the guest of honour at the Victorian Chamber of Commerce and Industry. Tickets were on Sunday still available to the gala luncheon, where shell speak on the need for more women in politics and business.
At a mere $215 a pop (or $180 for members), listening to May at the VCCI is a damn sight cheaper than holding out for the following evenings dinner at Jeffs Shed, where the Victorian Liberals are billing no less than $1000 each. Whichll help their campaign coffers.
Perhaps to avoid such bill shock, New South Wales Liberals have avoided publicising a price tag on their May dinner function, to be held the following Wednesday. Party supporters have instead been invited to register their interest in being one of the strictly limited attendees to a private dinner, with further details to be advised. An earlier conversation with Theresa May to take place over lunch on the same day is billing for a pricey $1000 a seat. Or $3000 for a premium allocation.
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Theresa May's jam-packed itinerary to fill Liberal coffers - The Australian Financial Review
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By-election results: Liberal Democrats extend lead in Berkhamsted West and Boxmoor – Hemel Today
Posted: at 6:48 am
The Conservative leader of Dacorum Borough Council admitted supporters stayed at home and voted with their feet in the wake of partygate, as Liberal Democrats extended their majority in two battleground wards.
On Thursday, February 3, the Lib Dems extended their lead in the wards of Berkhamsted West and Boxmoor but put their success down to a strong local campaign, with the controversy around Boris Johnson only providing a nudge on polling day.
The two wards have often been safely Conservative since boundaries were redrawn in 2007, and are represented by two Tory MPs, but Liberal Democrats completed a sweep of all five district councillors in 2019.
One councillor said the result cemented Berkhamsted as a Liberal Democrat town, while council leader Councillor Andrew Williams (Conservative, Adeyfield East) claimed voters were disillusioned with national politics, rather than the local council.
The two by-elections were called after Nicky Woolner (Berkhamsted West) and Liz Uttley (Boxmoor) both left their roles at the start of November.
Following their success, Liberal Democrats said issues with the Local Plan, concerns over local rivers and parking were common themes amongst residents, although admitted national issues helped their cause.
In Boxmoor, the Liberal Democrat candidate Simy Dhyani increased the partys vote share by 18 per cent, winning votes off all three opposing parties.
In Berkhamsted West, Anne Foster was elected with a 14 per cent increase in vote share, which led her fellow councillors to declare Berkhamsted a Lib Dem town.
Anne Foster said it was mostly local issues that came up on the doorstep, and said in Berkhamsted the priorities were in regards to traffic congestion, lack of infrastructure and concerns about the River Bulbourne.
Cllr Lara Pringle (Northchurch, Liberal Democrat), who led Ms Fosters campaign, said: Its quite interesting because theres a mix of issues. I think having such a fantastic local candidate was really key to our campaign.
Annes really well-known around the town for doing work all around the town and has been for many years so she got a tremendous amount of vote on that.
But there were also a lot of people who were incredibly disillusioned with what was going on on a national level and they certainly made their voices heard on the doorstep.
Cllr Pringle added: I was talking about Anne and local issues, people were often responding on integrity in politics so having a good local candidate who you can trust because you know [was an advantage].
All Dacorum councillors will be up for election in May 2023, and Cllr Pringle said after the party are confident of maintaining the success.
She added: I think it is encouraging for next year, I think were sending a consistent message from Berkhamsted and Tring because this has been Liberal Democrat right since 2018.
The Conservatives did try to try fight back this time, and we noticed they brought the Home Secretary [Priti Patel] to Berkhamsted Leisure Centre, and I actually think the people of Berkhamsted sent a message that they will continue to vote Liberal Democrat. Berkhamsted now sees itself as a Liberal Democrat town.
However, Cllr Williams said nothing can be drawn from the results and the Conservatives have a positive message ahead of next years vote.
He said: Its disappointing, we put on a good campaign with local issues but I think we were affected by the national mood.
In the circumstances, people are disillusioned. If people are disillusioned its very hard to get the local issues over. Weve got a well performing-council, but local issues werent coming up on the doorstep.
People are disappointed, undoubtedly the low turnout reflects some of our supporters staying at home as a protest. With the exception of the Lib Dems in Boxmoor, every other party has gone down, Greens and Labour have suffered as well so I think its a protest vote. Its probably because people are a bit disillusioned and voted with their feet not to come out.
Its a mid-term by-election, and its hard to take anything from that I think weve still got a positive message for Dacorum in 2023.
Following her victory, Ms Dhyani said she was surprised by the size of her win, but there was huge support on the doorstep.
She said she believed the increase in vote was a result of local policies, rather than the national picture and said she wanted to restore a buzz to the village.
Ms Dhyani, who manages a steakhouse in Boxmoor added: Theres two existing Lib Dem councillors in the ward, I really want to join the hard work theyre doing.
"There have been local issues such as parking and street lights, but I really want to work on some other areas such as getting some buzz on Boxmoor High Street. At the moment there isnt a lot going on and I really want to get some proposals together.
Anne Foster was also elected as a new Town Councillor for Berkhamsted Town Council, in a by-election held at the same time as the district council vote.
Berkhamsted West District council:
> Anne Foster, Liberal Democrats 924
> Gary Jon Moore, Conservative Party 318
> Kevin Fielding, Green Party 130
> Peter Scott, Labour 69
Berkhamsted West Town council:
> Anne Foster, Liberal Democrats 905
> Gary Jon Moore, Conservative Party 305
> Kevin Fielding, Green Party 139
> Peter Scott, Labour 72
> Max Khazaneh, Independent 21
Boxmoor District council
> Simy Dhyani, Liberal Democrat 1,319
> Brandon Geary, Conservative 599
> Cameron Brady-Turner, Labour 171
> Sherief Hassan, Green Party 92.
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By-election results: Liberal Democrats extend lead in Berkhamsted West and Boxmoor - Hemel Today
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As nation mourns the demise of Lata Mangeshkar, liberals celebrate the death of the legend, call her a fascist and a vile sanghi – OpIndia
Posted: at 6:48 am
Bharat Ratna Lata Mangeshkar breathed her last breath at Breach Candy Hospital, Mumbai, on Sunday. The legendary singer died due to the Covid-19 related complications. She was 92 years old. According to the reports, she was undergoing treatment at the Intensive Care Unit (ICU) of the hospital. Lata Mangeshkar was suffering from pneumonia.
The death of Lata Mangeshkar has pushed the nation into collective mourning. People across the country condoled the death of Indias greatest singer.
However, not everyone in the country was mourning the tragic loss of the national icon. On the contrary, a section of liberals descended on social media platforms to celebrate her death and abuse the legendary singer. The reason for such a display of hatred towards Lata Mangeshkar was her association with nationalist icon Vinayak Damodar Savarkar.
As the nation mourned the death, liberals took to Twitter to claim Lata Mangeshkar deserved no sympathy as she was a Sanghi. Lata Mangeshkars admiration for nationalist icons and her close association with the RSS became a rallying point for the left-liberals, who did not shy away from making harsh comments on the deceased.
A liberal social media user Manveer Singh said that one should note before posting RIP Lata Mangeshkar tweets that the legendary singer was an ardent supporter of RSS, which according to him, is a fascist hate group that took inspiration from Nazism. The liberal social media person said that though she had a beautiful voice, she supported fascism.
Shivangi, a left-liberal columnist writing for news portals like Firstpost and far-left Newsclick, went a step ahead to claim that Lata Mangeshkar was a Sanghi for all her life. Making a vile attack, Shivangi said Lata Mangeshkars voice was equivalent to a pressure cooker whistle and asked mourners to save the RIP stuff.
Continuing to rant against Lata Mangeshkar, the left-liberal journalist claimed that Lata Mangeshkar was famous because she started singing in the radio era. She claimed that the radio diluted the extra sweet diabetic voice of Lata Mangeshkar, and said her voice was equivalent to a pressure cooker whistle. She also called Lata Mangeshkar a vile woman and abused her for supporting Veer Savarkar.
Another liberal social media user with varied pronouns claimed Lata Mangeshkar never spoke against Hindutva fascism but lent it credibility by endorsing Savarkar. The social media user said he/they would not be mourning the loss.
Social media user Abz also tweeted, saying Lata supported RSS and had a close family tie with Savarkar.
Another Twitter user Tanjiro Tan also spread false propaganda against Lata Mangeshkar on her death. She claimed that Lata Mangeshkar single-handedly suppressed innovation in the Indian music industry by viciously denying independent artists space in the film industry.
The user claimed that it was only when she grew old and was unable to sing that diversity returned to the Indian music scene.
Aditi, another declared liberal, claims that nobody spoke when Danish Siddique, Irfan Khan, Dilip Kumar or Rishi Kapoor died. She asked what is the need for the special honour to declare two-day mourning in the memory of Lata Mangeshkar was. However, this claim is also wrong, because Dilip Kumar was accorded a full state funeral after his death last year.
Many Islamists also expressed joy and used the laughing emoji on the news of the demise of the legendary singer.
True to their character, fact-checker Muhammad Zubair of Alt News rushed to their rescue and defended them by claiming that these people dont know how to use emojis and hence are expressing joy on Mangeshkars demise.
Zubair has regularly rushed to whitewash the crimes of Islamists in what appears like a service to his coreligionists.
These liberals, who claim to be extremely tolerant, have again displayed their hatred towards nationalists who have accomplished greater things, which these individuals can never even dream of. The rejoicing of the death of Lata Mangeshkar and foul mouthing the deceased has become a norm these days, especially in the liberal circles, who do not shy away in scorning these individuals simply because they are unapologetic about displaying their Hindu nationalist identity.
Death is unavoidable, and all of us face it at some point. However, to display so much hatred for a 92-year-old accomplished soul is rather deplorable.
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Foreign inference ruled out in WeChat saga – Daily Liberal
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Home Affairs officials have assured Labor there's no evidence to support claims Scott Morrison's WeChat account was hacked or the target of foreign interference. Opposition home affairs spokeswoman Kristina Keneally sought a departmental briefing over the prime minister's account since he lost access to it. The senator told colleagues during Monday's Labor caucus the department assured her there was no evidence of foreign interference or hacking of the account rebranded as "Australian Chinese new life". Senator Keneally asked the department if it planned to provide further advice to politicians about being cautious on the Chinese social media platform. The department said it did not intend to provide further advice to MPs. The operator of WeChat, Tencent, last month said an ownership dispute, and not hacking or third-party intrusion, was behind Mr Morrison's loss of access. Liberal senator James Paterson, who chairs parliament's intelligence and security committee, at the time said the action had been sanctioned by the Chinese government and amounted to foreign interference. Australian Associated Press
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Home Affairs officials have assured Labor there's no evidence to support claims Scott Morrison's WeChat account was hacked or the target of foreign interference.
Opposition home affairs spokeswoman Kristina Keneally sought a departmental briefing over the prime minister's account since he lost access to it.
The senator told colleagues during Monday's Labor caucus the department assured her there was no evidence of foreign interference or hacking of the account rebranded as "Australian Chinese new life".
Senator Keneally asked the department if it planned to provide further advice to politicians about being cautious on the Chinese social media platform.
The department said it did not intend to provide further advice to MPs.
The operator of WeChat, Tencent, last month said an ownership dispute, and not hacking or third-party intrusion, was behind Mr Morrison's loss of access.
Liberal senator James Paterson, who chairs parliament's intelligence and security committee, at the time said the action had been sanctioned by the Chinese government and amounted to foreign interference.
Australian Associated Press
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This Popular Crypto Investor Predicts Nasty Downturns Ahead. Heres How She Says to Prepare – NextAdvisor
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January was a bad month for the crypto market, and one expert says investors should expect more nasty downturns in the future.
Thats just part of the deal, along with the massive gains many investors could also see if the crypto market soars again like it did throughout much of last year, according to Wendy O, a crypto investor and popular TikToker who recently shared her thoughts with TIME in an interview.
Anytime you have a really volatile, upward movement, you should also be prepared for a very volatile, downward movement, says O, who began teaching herself how to invest in and trade crypto in 2017.
The price of Bitcoin the first and most established cryptocurrency plunged suddenly at the end of January, sinking 50% from its November high of $69,000, amid a broad investor retreat from risky assets. Ethereum also hit a six-month low, falling below $2,200. It was the lowest both of the two biggest cryptos had been since July 2021. Bitcoin and Ethereum prices have climbed back up some since, though Bitcoin remains below $40,000 and Ethereum below $3,000.
If youre invested in crypto, youre in for a wild ride. Cryptocurrencies are notoriously volatile investments, and youll need to be able to tolerate it as any new technology is going to go through growing pains, says Doug Boneparth, CFP and president of Bone Fide Wealth in New York. Here are tips on how to handle volatility in the crypto market.
The biggest problem O sees in the crypto market is investors dumping all their money into crypto without a real understanding of it. We have a lot of people that are investing very irresponsibly and only looking at the market in one direction. They think theyre going to get rich, she says.
If you catch yourself feeling anxious about the crypto market, take a step back and ask yourself why youre investing in crypto in the first place. If you cant articulate that, then chances are you probably shouldnt be investing in it, says O.
Crypto moves a little bit differently than traditional markets and thats OK. But you still have to be willing to educate yourself. Its important to understand the basics of investing, but its also important to understand what these markets are.
Many experts say investors should look at cryptocurrencies as volatile, highly speculative assets, and recommend keeping any crypto holdings to less than 5% of your total portfolio. You should also have other financial bases covered before buying into crypto, such as a solid emergency fund, conventional retirement savings, and no high-interest debt.
Its important for every single person to kind of take a step back and analyze, says O. Ask yourself, Am I comfortable with this? Does this make sense? Does it make sense if I lose everything? Are my bills paid? Do I have food on the table? Is my rent paid or my kids taken care of?
As with any investment, you should set clear goals and only put in what youre OK with losing. Experts recommend sticking to a long-term investment plan, rather than approaching crypto with hopes of getting rich quickly. That means ignoring the short-term ups and downs, focusing instead on long-term investment growth.
To avoid acting on emotion during big swings, O recommends making a game plan for different scenarios before they happen. For example, have a plan in place to either buy or sell more of a given asset based on future price points it might fall below or go above.
I think its important to look at a situation and to anticipate or plan for a positive scenario and for a negative scenario, she says. You need to be able to switch your bias if the market changes. If you think and talk in absolutes, youre probably going to end up losing money.
Dont rely on crypto investments for your retirement or overall financial strategy. Make sure the majority of your investment portfolio is made up of stable assets projected for long-term growth, like low-cost index funds. If you do incorporate crypto into your portfolio, experts recommend sticking with the two most established coins: Bitcoin and Ethereum.
There are more than 15,000 different cryptocurrencies, and it can get very noisy and confusing, according to Boneparth. It can create a very confusing environment to figure out whats what and who is who, especially when you have a lot of people really pumping it or being very zealous about it, he says.
Thats why tuning out the noise, as well as educating yourself on crypto, are both essential when investing in the space. Stay the course, and dont let the hype of certain crypto investments result in fear-of-missing-out (FOMO). Maintain a healthy dose of skepticism with anything related to crypto especially influencers advice and watch out for strangers writing to you directly about get-rich-quick crypto schemes.
If youre in it for the long haul, consider applying the cost-averaging strategy to your crypto investments. Dollar-cost averaging is when you make consistent investments over time, rather than investing lump sums all at once.
O says to stick to Bitcoin if you pursue this strategy, unless youre OK with more risk. For Bitcoin, I like the dollar cost averaging strategy because I like Bitcoin long-term. It is one of the more stable [crypto] investments that a person can make. When were talking about dollar-cost averaging with altcoin, I think that that carries a lot more risk to it, she says.
This strategy can be a good way to avoid trying to time the market, which studies have shown is very unlikely to be a winning strategy for investors. A steady dollar-cost averaging approach can also help investors stomach risk when there are big swings in the crypto market. The idea is that by building wealth over time, you can neutralize short-term volatility in the market.
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This Popular Crypto Investor Predicts Nasty Downturns Ahead. Heres How She Says to Prepare - NextAdvisor
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Psychedelics Without the Trip Could Be ‘Healing Magic’ for Mental Health – Singularity Hub
Posted: at 6:47 am
Once counterculture staples, LSD and magic mushrooms are starting to trip out another world: psychiatry. A smallbut rapidly growinggroup of doctors is embracing the drugs as powerful tools against a myriad of mental demons. People suffering from depression, substance abuse, and post-traumatic stress disorder (PTSD) have all benefited from psychedelics in small controlled trials. Psychedelics, over 50 years after the Summer of Love, have once again taken flight.
With one caveat: they get people high. While a perk for recreational users, the mind-altering effects can be a serious detriment to patients. For now, treatments are carefully administered and monitored inside clinics rather than patients taking pills at home. Regulatory hurdles further prohibit widespread adoption.
But what if theres a way to strip away the high and leave only the drugs therapeutic effects?
Enter crystals. This week, a team extracted and crystallized the structure of psychoactive drugs docking in the brain. Using X-rays, they mapped out the interactions at the nanoscale level, teasing apart those that can lead to hallucinations from those that can calm troubled minds. Knowledge in hand, they engineered several synthetic cousins of LSD, which helped quell depressive symptoms in mice without signs of the critters getting high.
While it could be a long road from mice to men, the study is one in a series of high-profile works that seek to strip the hallucinogenic magic from psychedelics, instead adding a sprinkle of healing magic. For now, they wont be silver bulletsthe mice needed a hefty dose to dampen their depression, which is a red flag for potential side effects.
But the implications are profound. If validated in humans, the drugs would lay the groundwork for an entirely new treatment regime for mental troubles that haunt millions of people.
This work is going to generate a lot of interest, Dr. Bryan Roth at the University of North Carolina School of Medicine, an expert in the field who was not involved in the study, said to Science.
Psychedelics were all the rave in the 50s and 60s, and not just in the party scene, but also in psychiatry. At the time, treating patients with LSD, psilocybin (the active component in magic mushrooms), or MDMA (also known as molly or ecstasy) was considered a promising alternative to other therapies for restoring health and autonomy for people confined long-term in asylums. Over the decade, scientists tested roughly 40,000 people in over 1,000 studies for treatment of mental health and addiction issues.
Despite initially promising (though rudimentary) results, the studies lurched to a halt when psychedelics were banned as a backlash to widespread recreational use.
Yet neuroscientists never stopped examining their potential, even at the risk of their careers. A breakthrough came in the 2010s, when several studies showed that ketamine, a horse tranquilizer and party drug, had jaw-dropping effects for depression. Unlike other antidepressants, which often take months to workif they work at allketamine triggered beneficial effects in some people with just one dose, and within hours.
Initially met with skepticism and considered too good to be true, rigorous studies further showed that in mice, ketamine boosted the birth of new neurons in the brain while tweaking neural networks to be more adaptable. In 2019, a form of ketamine was approved by the FDA as the first truly new antidepressant in decades, hailed as a game changer for depression and a turning point for the return of psychedelics as a potential therapeutic force. It also immediately raised the question: can we make a non-hallucinogenic alternative?
As ketamine began its rebound into psychiatric prominence, other drugsincluding LSD, psilocybin, and MDMAalso started their arduous journeys of reentering medical respectability. Between 2010 and 2020 clinical trials tripled, with several showing dramatic effects. One trial found that seven out of ten people who took psilocybin reduced their symptoms by half. Other clinical trials, mostly conducted in the UK and Canada, are entering late stage.
To overcome regulatory hurdles, however, structural biologists have taken a different route: altering the structure of these chemicals, in turn stripping away their ability to trigger an unwanted trip.
It starts with visualizing where the chemicals impact the brain. The crux is a receptor called 5-HT2AR. The receptor isnt evolved to get us high; rather, its a critical protein dock for serotonina brain chemical or neurotransmitterthats involved in many of our base functions. Mood is one of them, which is why most common antidepressants today target these receptors.
Like the Los Angeles port, 5-HT2AR has multiple docking sites for chemicals, each triggering a different supply chain route. Depending on the docking station, the same cargothe drugchanges how the neuron reacts by recruiting other molecular providers. Depending on those providers, the drug tweaks the neural circuit in diverse ways, altering the brains response to the drug.
In the new study the team hunted down the provider proteins that trigger antidepressant effects. They first doused multiple mouse brains with different drugs, including LSD, magic mushrooms, serotonin, and a non-hallucinogenic therapy for Parkinsons disease. They then crystallized the 5-HT2AR dock and examined how the chemicals interacted with it at the atomic scale with X-ray beams.
Surprisingly, many psychedelics turned out to be shape-shifters. Rather than docking at one spot, they were able to contort and bind to another nearby cavity. Turning to mice, they teased apart how the different docks worked. One dock, for example, led the mice to twitch their heads, a sign of getting high. Another, when tested for depression, alleviated the symptoms.
Guided by the 5-HT2ARs docking map, the team engineered multiple LSD cousins that preferably bind to the anti-depressant dock. Repeating the experiment, they found two chemicals (with the non-catchy names of IHCH-7079 and IHCH-7806) that had antidepressant activity, without the head-twitching normally seen with LSD or psilocybin.
The study is one of many following the recipe towards a new generation of mind-healing rather than mind-bending substances. How they work remain a mystery, which is why intricate scrutiny of 5-HT2AR and other serotonin receptors is the current playbook.
On the front line are Dr. David Olson at the University of California, Davis, and Dr. Bryan Roth at UNC-Chapel Hill. Several years back, Olson synthesized near a dozen chemicals similar to LSD, with a promising result called TBG (tabernanthalog) that also binds to serotonin receptors. In mice, the drug boosted the neuronal infrastructure for learning, and cut down substance-seeking behavior in rodents. Mid-2021, a single dose of the drug was further found to be effective for stress disorders in mice. Delix Therapeutics, a company co-founded by Olson, is rapidly exploring the new drugs for clinical use, with trials potentially starting later this year.
Meanwhile, Roth has worked to decipher the structure of 5-HT2AR when bound to psychedelic compounds. The seminal study, in 2020, gained a first glimpse into how they act. Given the remarkable efficacy of psilocybin for depression (in Phase II trials), we are confident our findings will accelerate the discovery of fast-acting antidepressants and potentially new drugs to treat other conditions, such as severe anxiety and substance use disorder, he said at the time.
For now, the authors preach caution. Similar to previous non-hallucinogenic cousins, their molecules need a high dose to see anti-depressant effects. But the new structural maps add to a growing atlas to help guide non-hallucinogenic drugs forward. This additional structural data will aid efforts to design new antidepressants as well as antipsychotics, said Olson.
Image Credit: GDJ / 10433 images
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Psychedelics Without the Trip Could Be 'Healing Magic' for Mental Health - Singularity Hub
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