PINK SLIME: I'm fascinated by the idea that upcoming civil lawsuits by 2 private companies might rein in the most extreme tendencies of OANN & Fox News.

How? Legal liability that peddling "False, reckless & irresponsible" slander has created.

nytimes.com/2020/12/20/bus…

1/
"Last week, his lawyer sent scathing letters to the Fox News Channel, Newsmax and OAN demanding that they immediately, forcefully clear his company’s name — and that they retain documents for a planned defamation lawsuit. He has, legal experts say, an unusually strong case."

2/
The occupant of the Office of the President is exempt from slander laws, but not the rest of the crew.

Of course, #ETTD via @TheRickWilson

3/
Government prosecution is weighty; its rare civil litigation like can have this big of an impact.

The potential impact of this civil litigation will be watched by publishers, content producers, media, and stock analysts.

It is potentially very significant.

/END
UPDATE: This video looks like a deposition, a belated attempt in recognition of future litigation. It came not only after the slander took place, but AFTER litigation warnings.

Too late to change verdict, smells like an attempt to lower damages

mediaite.com/tv/lou-dobbs-a…
Here is the NewsMax version of the same sort of backpeddling

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More from @ritholtz

22 Dec
Postmaster General Louis DeJoy tried to screw up the election, he managed to screw up Christmas instead.

washingtonpost.com/business/2020/…
"Competing crises are slamming the USPS just days before Christmas, imperiling delivery of millions of packages, as the agency contends with spiking coronavirus cases in its workforce, unprecedented volumes of e-commerce orders + continuing fallout from cost-cutting program"
As a reminder, the entire USPS is the creation of Congress:

ritholtz.com/2020/04/usps-l…
Read 8 tweets
21 Dec
It’s amazing how low in the sky the sun is at 3 PM on December 21 Image
Snow victim Image
Snowy hill Image
Read 4 tweets
20 Dec
We just finished the full series of all 92 episodes of Mad Men.

It was critically acclaimed for its writing, acting, directing, visual style,+ historical authenticity

Having never seen a single episode when it was on TV. I have a few thoughts

amazon.com/exec/obidos/AS…

1/
Mad Men runs 7 seasons of 13 shows per, plus the series finale covering. It runs late 1950s to early 1970s. It won the Emmy for Outstanding Drama Series 4 consecutive years, 2008-11

The Sopranos with same executive producer won the same award twice, in 2004 and 2007.

2/
I found the show highly entertaining.

Writer and executive producer Matthew Weiner, who was an executive producer on The Sopranos as well, did a great job.

3/
Read 11 tweets
20 Dec
Pharmacist tells us that people are actually coming in for a Covid test due to possible exposure and still refusing to wear a mask.
I live in Nassau County, with which voted for Hillary in 2016 but went for Trump in 2020

You could guess about which way the causation runs
Ugh, I am wrong about Nassau County.
I was relying on older data.
Read 4 tweets
8 Dec
The White House turned down an opportunity to purchase Pfizer's promising vaccine in July, so $PFE had to scramble to sell it elsewhere.

To repeat: THE TRUMP WHITE HOUSE PASSED ON THE OPPORTUNITY TO BUY PFIZER'S VACCINE.

The incompetency is staggering

wsj.com/articles/u-k-b…
"In extra doses late summer or early fall, Pfizer officials repeatedly warned the Trump administration demand could vastly outstrip supply + urged it to pre-order more doses, but were turned down."

nytimes.com/2020/12/07/us/…
"Unlike other vaccine makers, Pfizer spurned federal subsidies for developing and manufacturing, shouldering the financial risk of the vaccine project itself."

Contrary to WH claims, the Pfizer vaccine was made without the Warp Speed funding
Read 5 tweets
7 Dec
Sweden’s laissez-faire pandemic strategy has failed to deliver the economic benefits its proponents had predicted. The nation has ended its experiment in failure, with far worse rates of infections +death than neighboring Denmark + Norway.

wsj.com/articles/long-…
As per below, here are the Nordic countries that have such similar climate, geography, and even genetics; the key difference are the policy responses to covid
Sweden (55.1), Norway (7.9), Denmark (3.7):

Daily new confirmed COVID-19 deaths per million people Image
Read 6 tweets

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