Friday, January 15, 2021

2021 We Begin

And you thought 2020 was a pain, guess what 2021 will even be more dramatic. So, let us look at some good and bad stories that will drive our lives this 2021 the Year of the Ox.

According to the Chinese zodiac, 2021 is the Year of the Ox. ... The years of the Ox in the Chinese Horoscope are: 1913, 1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009, and 2021. This year is going to be lucky and also perfect to focus on relationships, whether we are talking about friendships or love.

OUT AND ABOUT – Let us start with something positive and fun. This past week we had the first 2021 meeting via Zoom of the Molson Chapter of St. Lawrence University Hockey Alumni. From Nova Scotia to California, the provinces and states in between it was a great start to 2021.

From left to right: Scott and Laurie Graham, Hass, Jeff Dillon, Murray Cawker, Paul and Carol Gallagher, Scott Morrison, Joe and Betty O’Rourke. We missed Ken Brousseau who is under the weather, Brousser we miss you and wish you all the best and good health.



The Zoom photo does make this group look like we are visiting Harry Aikens on his planet, but I assure everyone is well and looking good. It has been forty-eight years since these boys’ first met. After five minutes of zooming, it was like we just finished a practice in old Appleton Arena with Bernie and Wilkie giving us hell. Absolutely no one has changed, and the camaraderie is as strong as ever.

An effort will be made in the coming months to have mystery guests included in these Molson Chapter meets. So, Peter Blair, Bill Reid, Hugh Lappe, Peter Hewitt, Tom McGuire, Jacques Martin, Al Karnas, to name just a few of many of our fellow alumni – stay tuned for an invite.

I am truly blessed to have these friends in my life after all these years.

COVID-19 UPDATE - The official global death toll from the coronavirus pandemic surpassed 2 million on Friday, according to Johns Hopkins University. The tragic milestone came just over a year after the first Covid-19 death was reported in Wuhan, China.

While the 2 million figure is horrifying, experts say the real death toll is likely much higher. Only confirmed Covid-19 deaths are included in the tally, which means that people who die without a firm diagnosis may not be included.

Southern California's COVID outbreak is in a terrible place, and hospitals haven't even been hit with a wave of potential infections from Christmas and New Year's.

Hospitalizations have stabilized, but public health officials say that's just from infections linked to Thanksgiving.

More than 1/3 of the 10 million people in Los Angeles County are believed to have been infected with COVID.

Authorities are urging essential workers and people who run errands to wear masks when they're at home.

Officials hope the return of stay-at-home orders late last year will stem the tide.

Many mortuaries have had to turn away grieving families because they're at capacity, the owner of Los Angeles Funeral Service told ABC News.

The L.A. County coroner has been holding some bodies to free up mortuary capacity. Orange County brought in refrigerated trucks.

Between the lines: The advice of "stay home" doesn't work for essential workers and people who can't work from their couches.

"Los Angeles has small family housing with lots of people in them. It’s hard to be a gardener working from home," epidemiologist George Rutherford told NBC News.

Even a good-case scenario for Christmas and New Year's infections would leave hospitals in dire straits for the next month, said Christina Ghaly, the L.A. County director of health services.

Arizona Is America’s Covid-19 Hot Spot and on the Brink of Crisis, Arizona has the highest Covid-19 infection rate in the U.S. and is on the brink of running out of space in crowded hospitals, according to public-health and hospital officials. The state hit a record for new infections last week, with 11,324 in a single day. It has the highest per capita rate of new Covid-19 infections in the U.S., according to the Centers for Disease Control and Prevention, and the highest rate of Covid-19 hospitalizations, according to the Covid tracking project.

The five hardest-hit states as of yesterday:

New Jersey — 227 people dead per 100K residents

Massachusetts — 196

Rhode Island — 188

South Dakota — 186

Connecticut — 182

 

COLLEGE CHRONICLES - Thursday, the Department of Education made $22.7B available from the COVID-19 stimulus package signed last month and more may be on the way. President-elect Biden unveiled a proposed $1.9T stimulus plan that includes another $35B for higher education. Of note from the summary: "The president-elect’s plan will ensure colleges have critical resources to implement public health protocols, execute distance learning plans, and provide emergency grants to students in need. This $35 billion in funding will be directed to public institutions, including community colleges, as well as public and private Historically Black Colleges and Universities and other minority-serving Institutions. ... [The proposal] will provide millions of students up to an additional $1,700 in financial assistance from their college.

 

WHAT TO WATCH THIS WEEKEND - "One Night in Miami...," a fictionalized account of an actual meeting among four, Black American icons in 1964, debuts today (Friday) on Prime Video.

Director: Regina King ("Watchmen," "If Beale Street Could Talk") makes her directorial debut.

Writer: Kemp Powers, who also wrote Pixar's "Soul," adapts his own award-winning, 2013 play of the same name.

Starring: Eli Goree (Cassius Clay), Leslie Odom Jr. (Sam Cooke), Aldis Hodge (Jim Brown), Kingsley Ben-Adir (Malcolm X).

The story: On Feb. 25, 1964, Cassius Clay — who'd recently converted to Islam and was just two weeks shy of changing his name to Muhammad Ali — defeated Sonny Liston by TKO in Miami, earning his first heavyweight title.

After the bout, Sam Cooke (singer) and Malcolm X, as well as NFL star Jim Brown, who provided commentary for the fight's radio broadcast, retired to Malcolm's hotel room for an evening of shared introspection.

The film takes us into that room, pulling back the curtain on a conversation whose exact words may never have been spoken, but whose ideas were, and remain, paramount to what it means to be Black in America.

Rink Rats rating 1 – 10 (10 being best) an 8+

·  Trailer (YouTube)

 

REPUBLICAN PARTY, NOW WHAT? - Republicans will emerge from the Trump era gutted financially, institutionally and structurally. The losses are stark and substantial:

They lost their congressional power.

Their two leaders, Mitch McConnell and Kevin McCarthy, are hamstrung by corporate blacklisting of their election-denying members.

The GOP brand is radioactive for a huge chunk of America.

The corporate bans on giving to the 147 House and Senate Republicans who voted against election certification are growing and virtually certain to hold.

The RNC is a shell of its former self and run by a Trump loyalist.

Democrats crushed them in fundraising when they were out of power. Imagine their edge with it.

Sheldon Adelson, the party's biggest donor, died Monday.

The NRA is weaker than it has ever been, after massive leadership scandals.

The U.S. Chamber of Commerce, once controlled by rock-ribbed Republicans, also gave to Democrats in 2020.

Rank-and-file Republicans are now scattered on encrypted channels like Signal and fearful of Big Tech platforms.

The big picture: Conservatives hold power in the courts and state legislatures, two foundational pieces to rebuilding their party. But they likely will face a raging internal war over policies and political leaders as they grapple with a post-Trump world — whenever that might be.

 

BIRTHDAYS THIS WEEK – Birthday wishes and thoughts this week to Maureen Dowd (69), Julia Louis-Dreyfus (60), Faye Dunaway (80), Xochitl Martinez …famous finance administrator, Alison Rodriguez …. famous mentor to staff and students.

 

CES 2021 - The first fully virtual CES (Consumer Electronics Show) wrapped up yesterday, and attendees probably can’t wait to get back to Vegas for next year’s event—if only to confirm that Vegas still exists.

Some highlights:

Robots: A self-driving John Deere tractor (How about that Cat?). An automated machine for removing honeycomb from a beehive. A personal butler that will pour you wine and fold your laundry (Perfect for Scotty Graham). These were all new launches from robotics companies, which received a boost from the urgency to go “contactless” during the pandemic.

Wearables/health/wellness: Can better tech keep us healthy? If you’re bullish, then CES had plenty of gadgets for you. HealthyU, a remote health monitoring device from HD Medical, made headlines for its ability to handle seven different biometrics. Plus: “smart” masks, blood pressure sensors, and a vibrating headband that allegedly reduces stress.

Phones: The event wasn’t technically part of CES, but yesterday Samsung unveiled its new flagship Galaxy S21 line, which consists of three phones that start at $799. The S21 Ultra, at $1,199, aims to be the Voss water of smartphones.

 

MARKET WEEK -

Petco and Poshmark shares both popped on their first day of trading publicly.

Delta posted its first annual loss in 11 years due to the pandemic. It’s aiming to stop its cash burn ($12 million/day in Q4) in the spring.

Instacart, Trader Joe's, and Dollar General announced they’ll pay workers to get the Covid-19 vaccine.

Google closed its $2.1 billion acquisition of Fitbit.

WandaVision, the first Marvel series on Disney+, premieres today.

U.S.-based venture capital hit an all-time record in 2020, beating the prior high set back in the dot-com craze of 2000.

Interest rates will stay near zero for the foreseeable future, Fed chair Jerome Powell said.

Tesla Inc. has had a remarkable run and its future looks bright. The company has gone from delivering 41,507 luxury electric vehicles in 2015 to introducing the Model 3 in 2017 and delivering nearly 500,000 EVs in 2020.

Tesla’s TSLA stock shot up 743% in 2020 and it has gone up another 22% in the first days of 2021. The shares are worth 18 times their price at the end of 2015. So what’s not to love?

 

RINK RATS 2021 PORTFOLIO –

Here are our stock picks for 2021 each stock has a $1,000 investment (total $5,000) – we will track this throughout the year:

Apple

AAPL

NASDAQ

31-Dec-20

 $ 132.69   8 Shares

Intel

INTC

NASDAQ

31-Dec-20

 $   49.82  20 Shares

Vertex Pharmaceuticals

VRTX

NASDAQ

31-Dec-20

 $  236.34   4 Shares

Veeva Systems

VEEV

NYSE

31-Dec-20

 $  272.25   4 Shares

Clean Harbors

CLH

NYSE

31-Dec-20

 $    76.10   13 Shares

 

HOW HOT IS IT? - 2020 was the second-hottest year on record, trailing only 2016.

The last seven years have been the seven warmest on record. And the 10 warmest years have now occurred since 2005. 2020 rival’s hottest year on record, pushing Earth closer to a critical climate threshold. Escalating temperatures poise planet to breach 1.5 C for the first time, possibly later this decade.

 

SUMMER OLYMPICS - Less than 200 days from the Tokyo Olympics, Japan has declared a second state of emergency after another wave of COVID-19 cases.

Prime Minister Yoshihide Suga expects to lift the emergency order on February 7. Others, including Japan’s top virus advisor, are less optimistic about lifting the state of emergency by that date.

The Tokyo Games were first delayed in March 2020. Olympic organizers say that if the events cannot happen in 2021, they will be canceled.

Even a scaled-down version of the Tokyo Games would likely require testing and quarantines for athletes and fans, as well as logistical changes to the events.

The bloated $15.4 billion budget for the games could continue to inflate. Multiple independent audits have projected costs amounting to double the current figure.

Costs specifically related to combating COVID-19 total close to $1 billion.

Top sponsors have already contributed over $3 billion to date, at least twice as much as any previous Olympics.

Due to the health concerns and rising cost — the majority of which is funded by taxpayers — anti-Olympics sentiment is growing among the Japanese public.

Despite the hurdles, Prime Minister Suga said he is “determined to hold the games” as he announced the latest restrictions. 

 

PANDEMIC SPORTS – NHL Commissioner Gary Bettman said he expects the league and its teams to lose more than $1 billion this year, but emphasized the importance of playing the shortened season — which drops the puck today.

“It would be cheaper for us to shut the doors and not play,” Bettman said. “We’re coming back to play this season because we think it’s important for the game.”

Game-day income makes up approximately 50% of the NHL’s revenue, but with just 56 games on the schedule and no fans in most arenas to start, the league is making plays for extra cash.

Teams can now add sponsors to their helmets, and the league has added existing partners Scotiabank, Honda, Discover and MassMutual as sponsors of its four re-aligned divisions.

The NHL isn’t alone in its revenue shortfalls:

After NBA revenue declined 10% last season, projections suggest losses of up to $3 billion this season.

NFL revenue could drop by as much as $4 billion this season.

MLS took a $1 billion revenue hit during the 2020 season.

MLB lost up to $3 billion during its truncated 2020 season.

The Stanley Cup Playoffs should conclude by July, paving the way for the start of a normal schedule in October — potentially with full arenas.

 

NFL PLAYOFFS FINANCE - The NFL announced that it will allow CBS, NBC and Fox to sell two additional minutes of commercials in games leading up to Super Bowl LV.

The additional airtime for commercials will not be included in the Super Bowl.

Super Bowl LV will be televised and streamed by CBS, which received $336 million in ad revenue when it televised the 2019 Super Bowl. CBS is looking for roughly $5.5 million per Super Bowl ad spot this year.

Last year, Fox set a record for selling 30-second Super Bowl spots at a price of $5.6 million.

Commercial spots typically run from $1 million in early playoff rounds to $2 million during conference championships, meaning the extra two minutes of ad time will account for millions in new revenue for the networks.

Broadcast networks, forced to shut down production amid nationwide closures, lost prime-time viewers and revenue as streaming viewership exploded. Growing interest from advertisers ultimately sparked the networks’ push for extra ad inventory.

 

NHL VEGAS FUTURES - The NHL regular season normally begins in October every year but due to the 2020 regular season delayed due to the global COVID-19 pandemic, the start of the 2021 regular season will be on January 13.

The league set to play a 56-game season and playoffs, but there are four temporary divisions for this season.

Part of the issues are the U.S.-Canada border, which has more of an effect on the NHL than other pro sports leagues because it has seven teams in Canada and 24 in the U.S. until Seattle is set to become the 32nd franchise for the 2021-22 season.

In the meantime, oddsmakers have posted futures on next year's winners to capture the Stanley Cup.

The Tampa Bay Lightning won the Stanley Cup this past season, but are not listed as the favorite to repeat as the Bolts are currently at 15/2 odds.

Currently the Colorado Avalanche are the favorites at 6/1 odds and the Vegas Golden Knights are at 9/1 odds to win the Cup next season.

 

2021 NHL CONTENDERS

Colorado Avalanche 6/1

Tampa Bay Lightning 15/2

Vegas Golden Knights 9/1

Toronto Maple Leafs 13/1

Boston Bruins 14/1

Detroit Red Wings 350/1 “Ouch”

 

TOP SPORT NETWORKS - Buoyed by its studio shows, college football games and NASCAR races, FS1 finished 2020 as the second most-watched cable sports network on a total-day basis.

ESPN remains king — by a wide margin — but this marks the first time FS1 has drawn more viewers than ESPN2, NBCSN and NFL Network in a calendar year.

Top 10:

ESPN (564,000 viewers)

FS1 (119,000)

NFL Network (113,000)

NBCSN (108,000)

ESPN2 (107,000)

Golf Channel (83,000)

MLB Network (40,000)

Tennis Channel (27,000)

NBA TV (26,000)

ESPNU (25,000)

 

SWAMI’S WEEKEND TOP PICKS –

NFL Football Pick of the Week – Sunday 1/17, 3:40 PM (PDT), Fox: Divisional Round, Tampa Bay Buccaneers (12-5) vs. New Orleans Saints (13-4). Perhaps the last time you see Brady vs. Brees. Tampa Bay in an upset 38 – 35. (Season to date 11-4)

English Premier League – Sunday 1/17, 8:30 AM (PDT), Peacock: Liverpool (9-6-2) vs. Manchester United (11-3-3). #1 Man U vs. #2 Liverpool in the best soccer league in the world. The Reds win this one, 3 – 2. (Season to Date 2-2)

NBA Pick of the Week – Sunday 1/17, 1:00 PM (EDT), NBA TV: New York Knicks (5-7) vs. Boston Celtics (7-3). We take the Shamrocks 96 – 88.  (Season to date 0-2)

NHL Pick of the Week – Saturday 1/16, 7:00 PM (EDT), YES: New York Islanders (1-0) at New York Rangers (0-1). The Rangers looked off in game 1, so Ranger Assistant Coach Jacques Martin (St. Lawrence ’75) will have the boys skating in this one. Rangers over the Islander 4 – 3.

NCAA College Hockey Pick of the Week – Sunday 1/17, 7:00 pm (EDT), ESPN+: #13 Clarkson University Golden Knights (7-5-1) at St. Lawrence University Skating Saints (2-1-2). Another classic in the Route 11 rivalry at Appleton. Note below an interested spectator in the crowd for this one. St. Lawrence in an upset 4 – 3.  (Season to Date 1-0)



Season to Date (1-2)

 

Next Blog: Word of the Month & Inauguration Week

 

Until Tuesday January 19, 2021 Adios.

Claremont, California

January 15, 2021

#XI-22-428

3,037 words, seven-minute read

 

CARTOON OF THE WEEK – The New Yorker, Kaamran Hafeez



RINK RATS NEW YEARS POLL – You prefer…..

_____ Google Meets

_____ Microsoft Teams

_____ Skype

_____ WebEx

_____ Zoom

_____ other

 

 

QUOTE OF THE MONTH: “What we learned in 2020? This country can’t efficiently deliver Food, Cash or Care to those who need it.” – Mark Cuban

 

Rink Rats is a blog of weekly observations, predictions and commentary. We welcome your comments and questions. Also participate in our monthly poll. Rink Rats is now viewed in Europe, Canada, South America and the United States.

Posted at Rink Rats The Blog: First Published – May 3, 2010

Our Eleventh Year.

www.rhasserinkrats.blogspot.com

 

 

 

 

 

 

 

 

 

 

Monday, January 4, 2021

MMXXI

Happy New Year to those who still follow the Gregorian Calendar. To those who adhere to the Trumpian Calendar, 2020 doesn't really end until noon on January 20. Between now and then, we'll get a heavy dose of antidemocratic acts from a desperate, deranged president, and his enablers who continue to betray American democracy, but who—especially with this last sick, faux-attempt to overturn an election by the Ted Cruz-led dirty dozen of power-hungry, seditious Senators jockeying to excite the most rabid activists in a brainwashed base—have actually added a valuable course correction to historians reviewing this era. It was never just about Trump. He grew out of a festering rot; and his departure will not halt its growth, though, it will thankfully deprive it of the nonstop supply of too-fresh fertilizer. Let's not feign shock at what's taking place. This whole presidency has been a slow motion attack on democratic norms and an affront to basic decency. The new, dangerous variant of the "perfect" phone call is a natural evolution of his tenure. Lies, mobsteresque strong-arming, and desperate pleas have long been the the calling cards of Trump phone scams. It's just that now, instead of trying to falsely increase book sales, juice his rank on the Forbes list, or cheat his way out of paying off a debt, he's curb stomping democracy. I wouldn't be surprised if he called Brad Raffensperger collect.

One last bit of intrigue ... Former Vice President Cheney, who has kept a low profile in the Trump years, "originated" the idea for a WashPost op-ed in which all 10 living former SecDefs — including both of Trump's — argue that the "time for questioning the results has passed,"


RESOLUTIONS - When the psychologist John Norcross researched New Year’s resolutions, in the nineteen-eighties, he found that more than fifty per cent of Americans made some sort of resolution. After six months, only forty per cent had stuck with it. When Norcross followed up two years later, the number had dropped to nineteen per cent. Even among the successes, more than half had experienced lapses—fourteen, on average. Still, we keep telling ourselves that we can lose weight, save money, and go to the gym.

It turns out that timing is important in determining whether or not we succeed. In May, 2012, Katherine Milkman, a behavioral economist at the University of Pennsylvania, was invited to the PiLab Summit, an annual gathering of social-science researchers convened by Google to discuss ways of making the company more productive. Milkman found herself in a discussion about “nudges”—small environmental interventions that could shift people’s behavior. “In the course of the conversation, someone posed a question, ” Milkman recalled. “When would nudges be the most effective?” Milkman’s research hadn’t focussed on that particular aspect of nudges, but, she said, “I had a strong instinct that they’d be more effective at turning points—moments that feel like a new beginning.”

When Milkman returned to Philadelphia, she teamed up with two colleagues, Jason Riis and Hengchen Dai, to see if the idea of temporal turning points held any merit. In a series of studies, forthcoming from the journal Management Science, Milkman, Riis, and Dai found that fresh starts do push us to change our behavior. The beginning of a week, a month, or a year forms what the psychologist Richard Thaler calls a “notational boundary.” With that, researchers suspect, comes a sense of optimism, the promise of “a new me,” as Milkman put it. To test that theory, her team looked at daily Google searches for the term “diet” over a period of nine years. They found that searches followed a predictable cycle: they peaked at the start of any given week, month, or year, then gradually tapered off. The largest increase—eighty-two per cent above the baseline—occurred immediately after New Year’s.

Milkman and her colleagues then looked at behavior by tracking the gym attendance of nearly twelve thousand undergraduates over a year and a half by measuring the participants’ average number of visits. Gym attendance peaked in January, they found, and decreased in the following months. Smaller spikes occurred at the beginning of each week, each month, and each term.

In a phenomenon known as the January Effect, the market always performs better than average at this time of year. Recent evidence suggests part of the explanation lies in simple optimism: in January, we take a rosier view of the future, and tend to bid up uncertain stocks. (They subsequently fall back to their real value.)

Naturally, if you set more realistic goals, you are more likely to succeed. In a study that looked at the role of expectations in exercise, the psychologist Fiona Jones and her colleagues found that people with more modest expectations were far likelier to complete a twelve-week-long exercise course. And once we’ve set goals, we’re most likely to reach them by creating a firm plan. The theory of implementation intentions, a term coined by the psychologist Peter Gollwitzer, maintains that we have a better chance of sticking to a goal if we think about contingencies in advance and devise a direct, automatic response to each of them. (If I feel too tired to go to the gym, I’ll have some coffee or eat an apple before heading out.) “It’s harder to break a specific commitment than a nonspecific one,” Milkman said.

Okay, enough said, I only have one resolution for 2021: to be more consistent with my Rink Rats blog posting dates – three Mondays a month with one Thursday Rink Rats weekend edition. Note: I am already late this new year. :)


MARKET YEAR 2020 – During a year of human suffering, economic crisis, and psychological trauma, stocks in the S&P 500 index rose 16% to close 2020 at a record high. The tech-heavy Nasdaq gained a remarkable 44%. And the Dow will also begin trading this morning at a record.

A flood of stimulus money: The Fed lowered the cost of borrowing money to nearly zero and Congress poured trillions into the economy to support ailing households and businesses.

Corporations seized on the New Normal: Big tech giants, e-commerce leaders like Etsy and Shopify, and biotechs like Moderna all benefited financially from the pandemic.

The rise of retail traders: With nothing else to spend money on, well-to-do individual investors went hyperactive on free trading apps like Robinhood. In June, individual investors accounted for about 20% of stock market activity on average, per Citadel Securities.

It wasn’t just stocks. Gold (+24.6%) and silver (+47.6%) had their best years since 2010. 

And it wasn’t just physical assets hitting stratospheric levels. Yesterday, the price of the cryptocurrency bitcoin sprinted past $34,000, extending its wild 2020 rally into the new year. Bitcoin gained more than 300% in 2020, and it’s already up over 12% in 2021.

Tesla (TSLA), which surged more than 740% over the past 12 months, Tesla said Saturday it delivered 180,570 electric vehicles in the fourth quarter, beating its previous record and expectations. For all of 2020, Tesla delivered 499,550 vehicles, slightly missing guidance.

MARKETS 2020 PERFORMANCE

 

NASDAQ

12,888.28

+ 43.64%

S&P

3,756.07

+ 16.26%

DOW

30,606.48

+ 7.25%

GOLD

1,918.50

+24.6%

10-YR

0.937%

-87.3 bps

OIL

48.53

- 21.4%


A quick recap of some new rules/regulations/changes that went into effect while you weren’t watching the ball drop on New Year’s.

Minimum wage: Twenty states and 32 smaller localities raised their minimum wage, 27 of those to $15/hour or more, on Jan. 1. President-elect Joe Biden is in favor of a $15 federal minimum wage; it currently stands at $7.25.

The Stamford branch of streaming services: In case you’ve managed to avoid NBCUniversal’s ad blitz promoting the move, The Office has left Netflix for NBC’s streaming service, Peacock. 

Transparency in Coverage: The Trump administration’s new rule that forces hospitals to disclose the prices of their services went into effect. 

Distracted driving: A few states are clamping down on the use of cellphones while driving. In Virginia, you can’t use a phone for any reason when behind the wheel. 

Expiring copyrights: Classic works from the year 1925, including The Great Gatsby, have now entered the public domain. That means, among other things, you can make any Gatsby adaptation you’d like without asking for permission or paying a fee. How about a TikTok musical to get things started?


BET WITH YOUR HEAD NOT OVER IT - Powerball's jackpot has jumped to $410 million for Wednesday night's drawing. The top prize for Mega Millions is $432 million, with the next drawing set for Tuesday night.


COLLEGE CHRONICLES - The New York Times editorial board takes the world of college athletics to task for continuing to pursue competition while the pandemic surges. "College athletic programs like to tell themselves that they are in the business of educating students about the virtues of competition and sportsmanship. What they are showing students now by example is that some sports -- the moneymaking kind -- are more important than public health." The board specifically cites the relocation of the Rose Bowl, the cancelation of the Ohio State (DI) v. Michigan (DI) game and Cal (DI) managing to play just four of eight games before pointing out: "Yet college officials are now pressing ahead with the more intimate sport of basketball, ignoring the lessons of the abortive and misguided football season. ... These so-called student-athletes are being treated like essential workers, but without the benefit of pay or the opportunity to share in the profits that line the pockets of administrators, coaches and television executives." The board goes on to note that by placing such an emphasis on sports, colleges are creating two classes of students: "athletes who must travel around the country, staying in hotels, playing and competing indoors, and those who may choose to study safely at home. Delaying the basketball season is the right choice. After a folly-filled football season, university and college administrators can show real leadership by putting the safety of their players and their communities first." 

The Washington Post's Feinstein writes on the NCAA's approach to student-athlete rights through the lens of SCOTUS hearing of the Alston case. Notably, "The NCAA knows it is going to have to concede something on this issue but is trying desperately to limit how much. That it is willing to pay the cost of taking a fight to the Supreme Court over relatively minor financial issues such as internships, computers and postgraduate scholarships tells us everything about what this organization is. And the fact that the court has agreed to hear the case is a little bit scary for the good guys. Only one thing is certain going forward: When anyone from the NCAA opens his or her mouth, be prepared to laugh out loud."


BIRTHDAYS THIS WEEK – Birthday wishes and thoughts this week to Robert Duvall (90), Doris Kearns Goodwin (78), Diane Keaton (75), Frank Mahovlich (83), Walter Mondale (93).

POLITICS 101 - Georgia run off will determine Biden’s early presidency — The nature of President-elect Joe Biden’s first two years will be determined Tuesday with the two Senate runoffs in Georgia. Republicans remain favorites to win at least one and hold the Senate, denying Biden the ability to quickly pass big stimulus and other liberal priorities. But it’s hardly a lock.

Biden advisers are preparing fiscal plans for a GOP Senate. And they think they will have opportunities to work with the GOP on small business programs and the Earned Income Tax Credit, among other areas, as well as several administrative actions they can take to fight economic inequality especially on the housing front.

Congress will affirm Biden’s win on Jan. 6 and he will be inaugurated on Jan. 20. Markets are pretty much taking all the noise in stride, rising on vaccine hopes and essentially blowing off all of Trump’s efforts, including an insane call to Georgia GOP Secretary of State Brad Raffensperger asking him to “find” 11,000 votes to give him the state. Raffensperger rebuffed Trump.

DRIVING THE WEEK — Couple of huge moments including the Georgia votes on Tuesday and the Congressional session on Wednesday to certify the election results. Markets seem to like gridlock at this point so a Democratic sweep (while promising significantly more stimulus) could still knock stocks down a bit … But maybe not that much.

Wall Street is expecting noise on Wednesday with GOP opposition in the House and Senate to finalizing the election results along with the potential for potentially violent protests. But anything more than symbolic opposition and a few rallies could test Wall Street’s view that this is all political theater …

December jobs report on Friday at 8:30 a.m. expected to show a gain of just 50K as the Covid surge and late stimulus approval continue to dampen the hiring recovery. Unemployment expected to tick up to 6.8 percent with average hourly earnings up 0.2 percent.


2021 SPORTS & APPS - The pandemic will most likely encourage more sporting venues to require fans to ditch paper tickets and money and instead download an app from the team, the stadium or Ticketmaster. In one example of the digital shift that may spread, people who want to buy concessions in cash at the Atlanta Falcons stadium must already go to kiosks to convert money into a prepaid debit card.

Mobile payments and tickets reduce scalping and ticket fraud, speed up purchases and provide security officials with information on who is in the building. But forcing fans to use apps allows them to be more easily tracked or hacked, excludes people who can’t or won’t use credit cards or smartphones and denies people who love collecting ticket stubs — as well as sports halls of fame.

CALIFORNIA POLITICS 101 - Twelve months ago, Gov. Gavin Newsom’s star was ascending as an ample budget surplus bolstered his opportunities to enact his progressive agenda. Sen. Kamala Harris had recently dropped out of the Democratic presidential race but wouldn’t be named Joe Biden’s running mate for months, creating a clearer possible road to the White House for Newsom. Housing and homelessness were California’s preeminent political issues and would be the focus of Newsom’s State of the State address, which positioned housing to dominate the year (a contentious upzoning effort, Senate Bill 50, hadn’t even died yet !). For most of us, the coronavirus seemed a remote and vague threat.

Now we open 2021 with a raging pandemic poised to dominate our politics for months to come, imperiling Newsom by juicing an increasingly viable recall attempt. How the governor navigates the former will directly affect the prospects of the latter. That involves Newsom managing the enormously complex task of vaccinating millions of Californians — potentially with an assist from Health and Human Services Secretary nominee (and current California Attorney General) Xavier Becerra, whose fate could hinge largely on who Georgia voters elect to the Senate tomorrow. But the more potent, threshold issue could be schools.

Newsom rolled out a $2 billion plan last week to get young kids back to classrooms by February. Parents around the state are desperate for schools to reopen and simmering frustration over empty desks has not been confined to conservatives who already loathed Newsom. That type of atmospheric angst could make more people receptive to a recall, so there’s a powerful political incentive for Newsom to get this done. But success will likely run through teachers unions, which have long pushed back on reopening before schools are adequately safe. We’ve already seen tension between labor and Democrats.

And the governor could need those educator allies more than ever if he needs money to combat a recall. The effort to jettison Newsom got its first six-figure boost last week, with $500,000 flowing in from an Orange County LLC that looks a lot like a front for a wealthy Newsom opponent who’d rather remain anonymous (reminder here that we’re open to tips). Running a statewide campaign usually requires a lot more than $500,000, so we’ll see if the outlay encourages more deep-pocketed donors to step up.

It’s still far from a sure thing that proponents will get the 1.5 million valid signatures they need by March. But Newsom no longer has the luxury of taking the effort for granted — and these critical next few months could be, as the governor likes to say, determinative.

2021 SNACK RECIPE – We will still be home aplenty this new year, how about a tasty snack, guaranteed for three beers.



Cheesy Rosemary and Pecan Snack Mix

Ingredients Checklist:

3 cup pecan halves

2 cup oyster crackers

2 cup square white cheddar cheese crackers

1 ½ cup freshly grated Parmesan

1 cup pumpkin seeds

2 tablespoon packed brown sugar

2 tablespoon chopped fresh rosemary

2 teaspoon crushed red pepper

4 cloves minced garlic

½ cup melted butter

In a large bowl, combine pecan halves, oyster crackers, cheddar cheese crackers, Parmesan, pumpkin seeds, brown sugar, rosemary, crushed red pepper, and garlic. Drizzle in melted butter; stir gently to coat. Spread on a large, foil-lined rimmed baking sheet. Bake at 300° for 15 minutes; toss, then bake 15 minutes more. Let cool, then store in an airtight container. (It lasts a week...we've heard.)

Hands-On: 5 mins

Total: 50 mins

Servings: 21

Yield: 7 cups

SPORTS TV - The NFL’s ongoing media rights discussions could reportedly end in 10-year deals that exceed $100 billion in total value. All of the league’s current broadcast deals expire by 2022. 

Negotiations might not result in much of a shakeup to the current network landscape, despite previous reports of bidding wars between ESPN and NBC for Sunday night rights.

The biggest change could be Amazon becoming the primary Thursday night rights holder — historically the least desirable package — edging out Fox. 

The expected structure, per The New York Post:

“Thursday Night Football” — Amazon

Sunday afternoon games — CBS and Fox

“Sunday Night Football” — NBC

“Monday Night Football” — ESPN/ABC

Disney is expected to add Super Bowls to its package. One option entails the league assigning the Super Bowl for eight years of the 10-year contracts — two years each to ABC/ESPN, NBC, CBS and Fox — then auctioning off the final two years at a later date. 

Sunday NFL Ticket rights could also be in play, as it’s not expected to remain on DirecTV. AT&T is currently pursuing a sale of the struggling satellite division as it looks to alleviate around $160 billion in debt.

Amazon, ESPN+ and Apple TV+ are seen as top candidates for streaming rights to all the Sunday games. The league could sell the package to multiple carriers and move on from DirecTV’s exclusive $1.5 billion per year contract.


A FIRST –

MLB: Founded in 1901

NHL: Founded in 1917

NFL: Founded in 1920

NBA: Founded in 1949

With Gregg Popovich’s ejection, San Antonio Spurs Assistant Coach Becky Hammon becomes the first female Head Coach in the history of the four major U.S. sports leagues.

SWAMI’S WEEK TOP PICKS – 

NFL Football Pick of the Week – Saturday 1/9, 1:40 PM (PDT), Fox: Wildcard NFC Los Angeles Rams (10-6) at Seattle Seahawks (12-4). The difference: Russell Wilson, Hawks win 24 – 20. (Season to date 11-3)

COLLEGE FOOTBALL BCS – Monday 1/11, 5:00 pm (PDT), ESPN: #3 Ohio State Buckeyes (7-0) vs. #1 Alabama Crimson Tide (12-0). This game will be closer than you think, but the Tide rolls again, 40 – 35. (Season to Date 10-6)

NBA Pick of the Week – Sunday 1/10, Noon (PDT), NBA TV: Utah Jazz (4-2) at Detroit Pistons (1-5). The only time the Pistons will be Swami’s pick of the week for this season. Fort Wayne Pistons win an upset 94 – 89. (Season to date 0-1)

NCAA College Hockey Pick of the Week – Friday 1/8, 7:00 pm (EDT), ESPN+: #14 Northeastern Huskies (3-3-2) at #2 Boston College Eagles (5-1-0). Forty-Nine years Jerry York has been coaching D-I college hockey. He has another fine Boston College team this season. BC wins this one in Kelley Rink, 6 – 3.  (Season to Date 1-0)

Final 2020 Season to Date (40 – 24, 62.5%)

 

Next Blog: Rink Rats Weekend January 14


Until Thursday January 14, 2021 Adios.

Claremont, California

January 4, 2021

#XI-21-427

3,460 words, nine-minute read

 

CARTOON OF THE WEEK – The New Yorker, Elisabeth McNair




RINK RATS NEW YEARS POLL – You prefer…..

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QUOTE OF THE MONTH: “What we learned in 2020? This country can’t efficiently deliver Food, Cash or Care to those who need it.” – Mark Cuban

  

 

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Posted at Rink Rats The Blog: First Published – May 3, 2010

Our Eleventh Year.

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