A weeks-old anti-mask protest in Utah has become the source of online backlash after a TV news report detailing the rally went viral on social media.
The protest, which drew hundreds to the Washington County School District building in St. George, was held Aug. 21 in opposition to a school mask mandate required statewide by Utah Gov. Gary Herbert.
A protester at the march, per The Spectrum, part of the USA TODAY Network, said during a closing prayer that “safety is not as important as our freedom and liberty.”
“Forcing masks on our children is child abuse,” the man, identified as Eric Moutsos, later said at the protest, The Spectrum reported.
Washington County School District Director of Communications Steve Dunham expressed frustration at protesters, calling it “so dang selfish” that people wouldn’t wear a mask in an effort to protect others.
Face masks do not reduce oxygen intake, according to multiple health authorities, nor do they result in carbon dioxide poisoning, hypoxemia or hypoxia.
The demonstration was organized by a conservative group known as Liberty Action Coalition. It does not have any presence online beyond a Facebook group started in July.
Though it took place weeks ago, the demonstration gained national attention after a news report from Salt Lake City TV station KTVX-TV was shared on Twitter and TikTok this week.
The TV spot, posted on Twitter by Mediaite reporter Tommy Christopher, has since attracted more than 12 million views on the platform as of Monday evening.
One protester compared mask-wearing to the death of George Floyd at the hands of Minneapolis police on Memorial Day, an incident that sparked national protests against racial inequality and police brutality.
“When George Floyd was saying ‘I can’t breathe’ and then he died, and now we’re wearing a mask, and we say ‘I can’t breathe,’ but we’re being forced to wear it anyway,” said resident Shauna Kinville to KTVX.
Another resident, Betty Jake, told KTVX she hated masks because “most child molesters love them.”
This article originally appeared on USA TODAY: St. George, Utah anti-mask protest condemned on social media
U.S. House Democrats crafting new $2.2 trillion COVID-19 relief package
By David Morgan
WASHINGTON (Reuters) – Democrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week, a key lawmaker said on Thursday, as House Speaker Nancy Pelosi reiterated that she is ready to negotiate with the White House.
With formal COVID-19 relief talks stalled for nearly seven weeks, House Ways and Means Committee Chairman Richard Neal said new legislative efforts got under way this week after Federal Reserve Chairman Jerome Powell said in congressional testimony that lawmakers needed to provide further support for an economy reeling from the pandemic.
“The contours are already there. I think now it’s about time frame and things like that,” Neal told reporters when asked about the potential for new legislation.
He predicted a vote could come within days. “I assume, since the House is scheduled to break for the election cycle, then I think next week’s … appropriate,” said Neal, adding that Pelosi would determine when a legislative package might be introduced.
Related: U.S. House passes bill to avoid government shutdown
House Republican leader Kevin McCarthy dismissed the new initiative as partisan. Pelosi also faces pressure from moderate House Democrats who say they want to see bipartisan aid proposals that have a chance of becoming law.
“If it’s a messaging exercise, it’s worthless,” Representative Dean Phillips, a freshman Democrat from Minnesota, told CNN. He said the effort risked looking like Senate Republicans who had unsuccessfully pushed their own partisan coronavirus aid bill.
“Many of us are getting sick of that,” Phillips said.
Stocks reacting positively to the announcements from Congress, with the S&P reaching a session high shortly after, before paring some gains.
Formal talks between Pelosi, Senate Democratic leader Chuck Schumer, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows broke down without a deal on Aug. 7, with the two sides far apart. Pelosi and Mnuchin have since spoken by phone.
“We’re ready for negotiation,” Pelosi told reporters on Thursday, saying she had last spoken to Mnuchin on Wednesday.
Pelosi and Schumer, who initially sought a $3.4 trillion relief package, have since scaled back their demands to $2.2 trillion. Neal said a new legislative package would be somewhere near $2.2 trillion. Some media reports said it could be $2.4 trillion.
But it was not clear whether the White House would agree to such a sum. Meadows has said that Trump would be willing to sign a $1.3 trillion relief package.
Meanwhile, Senate Republicans, who have not been involved directly in the negotiations, initially proposed a $1 trillion bill, which was rejected by many Republicans who thought it too large and by Senate Democrats who said it was too small.
Senate Republicans later tried and failed to bring a smaller $300 billion bill to the floor.
(Reporting by David Morgan and Susan Cornwell; Editing by Chizu Nomiyama and Daniel Wallis)
Harley deepens restructuring with India exit
3 ‘Strong Buy’ Stocks With Over 7% Dividend Yield
Markets are volatile, there can be no doubt. So far this month, the S&P 500 has fallen 9% from its peak. The tech-heavy NASDAQ, which had led the gainers all summer, is now leading the on the fall, having lost 11% since September 2. The three-week tumble has investors worried that we may be on the brink of another bear market.The headwinds are strong. The usual September swoon, the upcoming election, doubts about another round of economic stimulus – all are putting downward pressure on the stock markets.Which doesn’t mean that there are no opportunities. As the old saw goes, “Bulls and bears can both make money, while the pigs get slaughtered.” A falling market may worry investors, but a smart strategy can prevent the portfolio from losing too much long-term value while maintaining a steady income. Dividend stocks, which feed into the income stream, can be a key part of such a strategy.Using the data available in the TipRanks database, we’ve pulled up three stocks with high yields – from 7% to 11%, or up to 6 times the average dividend found on the S&P 500 index. Even better, these stocks are seen as Strong Buys by Wall Street’s analysts. Let’s find out why.Williams Companies (WMB)We start with Williams Companies, an Oklahoma-based energy company. Williams controls pipelines connecting Rocky Mountain natural gas fields with the Pacific Northwest region, and Appalachian and Texan fields with users in the Northeast and transport terminals on the Gulf Coast. The company’s primary operations are the processing and transport of natural gas, with additional ops in crude oil and energy generation. Williams handles nearly one-third of all US commercial and residential natural gas use.The essential nature of Williams’ business – really, modern society simply cannot get along without reliable energy sources – has insulated the company from some of the economic turndown in 1H20. Quarterly revenues slid from $2.1 billion at the end of last year to $1.9 billion in Q1 and $1.7 billion in Q2. EPS in the first half was 26 cents for Q1 and 25 cents for Q2 – but this was consistent with EPS results for the previous three quarters. The generally sound financial base supported the company’s reliable dividend. Williams has been raising that payment for the past four years, and even the corona crisis could not derail it. At 40 cents per common share, the dividend annualizes to $1.60 and yields an impressive 7.7%. The next payment is scheduled for September 28.Truist analyst Tristan Richardson sees Williams as one of the midstream sector’s best positioned companies.“We continue to look to WMB as a defensive component of midstream and favor its 2H prospects as broader midstream grasps at recovery… Beyond 2020 we see the value proposition as a stable footprint with free cash flow generation even in the current environment. We also see room for incremental leverage reduction throughout our forecast period on scaled back capital plans and even with the stable dividend. We look for modestly lower capex in 2021, however unlike more G&P oriented midstream firms, we see a project backlog in downstream that should support very modest growth,” Richardson noted.Accordingly, Richardson rates WMB shares as a Buy, and his $26 price target implies a 30% upside potential from current levels. (To watch Richardson’s track record, click here)Overall, the Strong Buy analyst consensus rating on WMB is based on 11 Buy reviews against just a single Hold. The stock’s current share price is $19.91 and the average price target is $24.58, making the one-year upside potential 23%. (See WMB stock analysis on TipRanks)Magellan Midstream (MMP)The second stock on our list is another midstream energy company, Magellan. This is another Oklahoma-based firm, with a network of assets across much of the US from the Rocky Mountains to the Mississippi Valley, and into the Southeast. Magellan’s network transports crude oil and refined products, and includes Gulf Coast export shipping terminals.Magellan’s total revenues rose sequentially to $782.8 in Q1, and EPS came in at $1.28, well above the forecast. These numbers turned down drastically in Q2, as revenue fell to $460.4 million and EPS collapsed to 65 cents. The outlook for Q3 predicts a modest recovery, with EPS forecast at 85 cents. The company strengthened its position in the second quarter with an issue of 10-year senior notes, totaling $500 million, at 3.25%. This reduced the company’s debt service payments, and shored up liquidity, making possible the maintenance of the dividend.The dividend was kept steady at $1.0275 per common share quarterly. Annualized, this comes to $4.11, a good absolute return, and gives a yield of 11.1%, giving MMP a far higher return than Treasury bonds or the average S&P-listed stock.Well Fargo analyst Praneeth Satish believes that MMP has strong prospects for recovery. “[We] view near-term weakness in refined products demand as temporary and recovering. In the interim, MMP remains well positioned given its strong balance sheet and liquidity position, and ratable cash flow stream…” Satish goes on to note that the dividend appears secure for the near-term: “The company plans to maintain the current quarterly distribution for the rest of the year.”In line with this generally upbeat outlook, Satish gives MMP an Overweight (i.e. Buy) rating, and a $54 price target that implies 57% growth in the coming year. (To watch Satish’s track record, click here)Net net, MMP shares have a unanimous Strong Buy analyst consensus rating, a show of confidence by Wall Street’s analyst corps. The stock is selling for $33.44, and the average price target of $51.13 implies 53% growth in the year ahead. (See MMP stock analysis on TipRanks)Ready Capital Corporation (RC)The second stock on our list is a real estate investment trust. No surprise finding one of these in a list of strong dividend payers – REITs have long been known for their high dividend payments. Ready Capital, which focuses on the commercial mortgage niche of the REIT sector, has a portfolio of loans in real estate securities and multi-family dwellings. RC has provided more than $3 billion in capital to its loan customers.In the first quarter of this year, when the coronavirus hit, the economy turned south, and business came to a standstill, Ready Capital took a heavy blow. Revenues fell by 58%, and Q1 EPS came in at just one penny. Things turned around in Q2, however, after the company took measures – including increasing liquidity, reducing liabilities, and increasing involvement in government-sponsored lending – to shore up business. Revenues rose to $87 million and EPS rebounded to 70 cents.In the wake of the strong Q2 results, RC also started restoring its dividend. In Q1 the company had slashed the payment from 40 cents to 25 cents; in the most recent declaration, for an October 30 payment, the new dividend is set at 30 cents per share. This annualizes to $1.20 and gives a strong yield of 9.9%.Crispin Love, writing from Piper Sandler, notes the company’s success in getting back on track.“Given low interest rates, Ready Capital had a record $1.2B in residential mortgage originations versus our $1.1B estimate. Gain on sale margins were also at record levels. We are calculating gain on sale margins of 3.7%, up from 2.4% in 1Q20,” Love wrote.In a separate note, written after the dividend declaration, Love added, “We believe that the Board’s actions show an increased confidence for the company to get back to its pre-pandemic $0.40 dividend. In recent earnings calls, management has commented that its goal is to get back to stabilized earnings above $0.40, which would support a dividend more in-line with pre-pandemic levels.”To this end, Love rates RC an Overweight (i.e. Buy) along with a $12 price target, suggesting an upside of 14%. (To watch Love’s track record, click here)All in all, Ready Capital has a unanimous Strong Buy analyst consensus rating, based on 4 recent positive reviews. The stock has an average price target of $11.50, which gives a 9% upside from the current share price of $10.51. (See RC stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Trump claims first presidential debate will be ‘unfair’
Donald Trump has claimed the first presidential debate next week will be “unfair.”
Mr Trump said in a radio interview that veteran moderator Chris Wallace was “controlled by the radical left” and would not ask Joe Biden tough questions.
“Chris is good, but I would be willing to bet that he won’t ask Biden tough questions,” the president told Brian Kilmeade on Fox News Radio.
“He will ask tough questions of me and it will be unfair, I have no doubt about it. He will be controlled by the radical left.”
Trump insisted he had “a lot of respect” for Wallace and a good relationship with his father, Mike Wallace.
Mr Kilmeade was quick to push back against Mr Trump’s accusations about his Fox News colleague.
“Mr President, I will tell you for sure, he is not controlled by anyone,” said Mr Kilmeade.
“We’ll see. Then he’s got to ask tough questions of Biden,” Trump said.
Mr Wallace will moderate the first presidential debate in Cleveland, Ohio, on Tuesday.
Both candidates will be asked questions on their records, the coronavirus, the Supreme Court, the economy, race and violence in US cities, and election integrity.
Trump appeared to try and lower expectations of his performance, insisting that Mr Biden had a significant advantage.
“No, I think I am the one without experience. I have just been doing this for a few years. He has been doing this for 47 years plus,” said Mr Trump.
“I mean, he has a tremendous advantageous really, if you think about it, but I have a much better record than he does.”
Nine presidential debate moments that made American history
Chris Wallace: Meet the moderator of the first Trump v Biden presidential debate
Trump v Biden first presidential debate: when and how to watch
First Trump-Biden debate topics released, including Supreme Court, coronavirus and race
- U.S. House Democrats crafting new $2.2 trillion COVID-19 relief package
- Harley deepens restructuring with India exit
- UFC 253: Israel Adesanya vs Paulo Costa- Prediction and Analysis
- The first ‘Left 4 Dead 2’ expansion in years is available now for free
- Jamal Murray beats LeBron James for unreal lay-up
- Trump claims first presidential debate will be ‘unfair’
- Getting Real About Electric Cars, Batteries and Hype
- Yankees’ loss to Jays opens door for unfavorable playoff scenario
- Six questions about College Football Playoff after Pac-12’s return to play
- Bidens to pay respects to Ruth Bader Ginsburg on Friday
Entertainment5 days ago
Danish TV show ‘Ultra Strips Down’ records kids eyeing naked adults
Sports News3 weeks ago
Fantasy Football Auction Draft strategy: Tips, advice for spending your 2020 player budget wisely
Sports News3 weeks ago
NBA 2K21 Cover Star Damian Lillard Reveals His Issues With the Game
Sports News3 days ago
Fantasy Football Buy-Low, Sell-High Stock Watch: Leonard Fournette, Stefon Diggs among movers heading into Week 3
Sports News3 weeks ago
NBA playoff bracket 2020: Updated standings, seeds & results from each round
Tech3 days ago
iOS 14 basics: how to add widgets to your iPhone’s home screen
Sports News2 weeks ago
NFL Analyst Takes a Cheeky Dig on Browns Stars Odell Beckham Jr. and Baker Mayfield
Sports5 days ago
What just happened? Danny Lee six-putts 18th green, withdraws from U.S. Open