Bill’s Commentary:
“Erik outlines a situation with where nearly all endings are bad endings…”
The latest from Erik –


Bill’s Commentary:
“A shocker? I thought this was a given in today’s world?”
‘Key to Revolving Door’: FDA Tells Staff Who Leave for Pharma Jobs They Can Work ‘Behind the Scenes’ to Influence Agency
The U.S. Food and Drug Administration (FDA) informs departing workers that they can still influence the agency’s decision-making after leaving their position to work for the pharmaceutical industry, a new investigation by The BMJ revealed.
According to an internal email obtained by The BMJ, the FDA told departing staffer Doran Fink, M.D., Ph.D. — who had reviewed COVID-19 vaccines while working at the FDA and who had accepted a job at Moderna — that although U.S. law prohibits some forms of lobbying contact between former FDA workers who leave to join the private sector, they “do not prohibit the former employee from other activities, including working ‘behind the scenes.’”
Peter Doshi, Ph.D., who wrote The BMJ’s July 1 report, told The Defender he was surprised to see “just how proactive FDA is at informing departing employees of their ability to work behind the scenes post-FDA.”
Bill’s Commentary:
“Thought provoking on the 4th of July”
Twilight’s Last Gleaming
When a presidential debate devolves into an argument over golf scores and afterward the public argues about the candidates’ mental acuity or personal honesty, when the question for voters is who is the sharper debater rather than who would be more faithful to the Constitution, when both major party candidates support mass surveillance, undeclared foreign wars and borrowing trillions of dollars a year to fund a bloated government, nearly all of which is nowhere countenanced by the Constitution, we can safely conclude that personal liberty in our once free society has been radically diminished and is in the twilight of its existence.
Bill’s Commentary:
“This will be a housing crash for the ages!”
What’s the Cost of Mortgage-Rate Buydowns and Other Incentives to Homebuilders? Lennar Discloses the Numbers
When mortgage rates rose to 6% and then 7%, sales of existing homes plunged by close to 40% from 2021 and by over 30% from 2019 because sellers refused to cut their prices enough to make 7% mortgages work, and buyers lost interest. Commercial real estate has been repricing properties, and the haircuts are massive. But home sellers are not in the mood. They’re going to wait this out or whatever. So sales have plunged even as active listings and supply have risen to the highest in years.
Homebuilders, however, have to build and sell houses regardless of how high mortgage rates are, that’s their business, they cannot wait out anything. So they have gone on an aggressive program of buying down mortgage rates, even for the entire term of the mortgage (“permanent”), and of throwing in other incentives, such as free upgrades and closing-cost pickups. And sales have held up.
Thank you pamelamoves@gmail.com
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You can’t fix stupid!
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You can’t fix stupid!
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